Terahertz Technology Market estimated to be worth 489.8 Million USD by 2022

According to the new market research report "Terahertz Technology Market by Type (Terahertz Imaging, Terahertz Spectroscopy, and Terahertz Communication Systems), Technology (Terahertz Source and Terahertz Detector), Application & Region - Analysis & Forecast to 2022", the global terahertz technology market is expected to reach USD 489.8 Million by 2022, growing at a CAGR of 31.83% between 2016 and 2022. This growth can be attributed to the high adoption rate of terahertz technology-based products for laboratory research applications, and growing demand for these products from the defense & homeland security and medical sectors. This report includes an in-depth analysis of the market by type, technology, application, and region.

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The market for terahertz imaging is expected to hold a major share of the overall terahertz technology market (by type) in 2016 and grow at a significant rate between 2016 and 2022. The low photon energy of terahertz electromagnetic waves make them non-ionizing and harmless even after over exposure to them. This factor is driving the growth of the market for terahertz imaging.

The continuous developments in the technology due to focused research carried out in various universities worldwide create more opportunities for the adoption of terahertz technology for various new applications such as food quality inspection. However, for such researches, there is a need for more precise products. This requirement proves to be the key driving factor for the growth of the market for laboratory research applications. This market held the largest market share in 2015 and is expected to grow at the highest CAGR between 2016 and 2022.

The terahertz technology market is not mature. On the other hand, the market players are filing patents for the same. Moreover, the cost incurred in R&D is quite high due to the use of laser and other costly technologies. Also, because of the requirement of high initial investments to develop terahertz technology-based products, the medium and small players cannot afford to develop these products. This is a major factor limiting the demand and supply of terahertz technology-based products which, in turn, restraining the growth of the market.

TeraView (U.K.) manufactures instruments that provide a reliable and robust source of terahertz light and exploit its properties to characterize a wide range of materials. The company has adopted the expansion approach to grow in the terahertz technology market; for example, in June 2014, the company established its presence in Asia by setting up a new office at Seoul (South Korea) to enhance the service, technical support, and application-specific expertise for its customers and commercial partners in the region. It has marked its presence in the terahertz technology market by launching TPS Spectra 3000, a terahertz imaging and spectroscopy system.

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Electric Enclosure Market estimated to be worth 7.91 Billion USD by 2023

The electric enclosure market is expected to grow from USD 6.15 Billion in 2018 to USD 7.91 Billion by 2023, at a CAGR of 6.27%. 

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Key factors driving the growth of the electric enclosure market are the demand for Industrial Internet of things (IIoT) enabled enclosures, the growing demand for hygienic enclosures in food & beverages industry, and the adoption of intelligent transport systems (ITS) in the transportation vertical. Key industry players adopt organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships to drive the growth of the market.

Major electric enclosure manufacturers have a tight control on the pricing of the products, which is forcing other manufacturers to reduce the price of products to remain in competition. The electric enclosure industry will witness healthy product development programs and innovations in the coming years.

Among various applications, the power generation & distribution industry is expected to account for the largest size of the overall electric enclosure market between 2018 and 2023. Electric enclosures are used in the power generation & distribution industry in substations to protect critical components and circuitry. Electric enclosures used in oil & gas, metals & mining, and pulp & paper industries are rugged in design and should be able to withstand harsh environmental conditions. Over the past few years, oil & gas products have witnessed strong demand from developing nations. Such continuously increasing demand for oil & gas products is expected to drive the electric enclosure market.

Nonmetallic enclosures are gaining rapid acceptance in oil & gas and metals & mining verticals. This is due to increasing research & development of nonmetallic materials for enclosure application. Extensive research and product development has enabled manufacturers to introduce several new nonmetallic products with favorable and necessary features, which are making nonmetallic enclosures gain acceptance for critical applications.

APAC is expected to hold the largest size of the electric enclosure market during the forecast period. Major factors driving the market in APAC are the increased investment in the power generation & distribution sector in China and India. An addition of vast rail and road network will also be a major boost for the electric enclosure market in the region.

Rittal (Germany), Schneider (France), Pentair (UK), Emerson (US), Eaton (US), Hammond (Canada), ABB (Switzerland), Hubbell (US), and Fibox (Finland) are the major players operating in the electric enclosure market.

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Artificial Intelligence in Marketing Market projected to be worth 40.09 Billion USD by 2025

The artificial intelligence (AI) in marketing market was valued at USD 5.00 Billion in 2017 and is likely to reach USD 40.09 Billion by 2025, at a CAGR of 29.79% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2025.

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Study Objectives

• To define, describe, and forecast the artificial intelligence (AI) in marketing market, in terms of value, segmented on the basis of offerings, deployment types, technologies, applications, end-user industries, and regions
• To forecast the market size of various segments with respect to 4 main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
• To strategically profile key players and comprehensively analyze their market share and core competencies, and detail the competitive landscape for market leaders
• To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research & development in the AI in marketing market

Companies covered in the AI in marketing market report are NVIDIA (US), Intel (US), IBM (US), Micron (US), Samsung Electronics (Korea), Xilinx (US), Amazon (US), Alphabet (US), Facebook (US), Microsoft (US), Salesforce(US), Baidu (China), Sentient Technologies (US), Albert Technologies (Israel), and Oculus360 (US). Some of the other key companies included in the report are Twitter (US), Oracle (US), InsideSales (US), Persado (US), Mariana (US), Drawbridge (US), Narrative Science (US), Appier (US), GumGum (US), and Zensed (Sweden).

North America is expected to account for the largest share of the overall AI in marketing market in 2018. North America is the largest contributor to the adoption and implementation of AI in marketing. The region, including the US and Canada, has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. Considerable growth is expected in the region during the forecast period owing to the growing adoption of AI among physically present retail stores, as well as the ongoing research and pilot projects by North American companies.

Software holds a major share of the overall AI in marketing market owing to the developments in AI software and related software development kits. AI systems require different types of software, including application program interfaces, such as language, speech, vision, and sensor data, along with machine learning algorithms, to realize various applications for sales and marketing. Software platforms and solutions are available at high costs as there are limited number of experts that develop machine learning algorithms.

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Lithium Ion Battery Market to exceed $ 65 billion in 5 years

The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries.

The lithium ion battery market is expected to be valued at USD 68.97 Billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022.

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Lithium cobalt oxide (LCO) battery type is expected to hold the largest share of the overall lithium ion battery market in 2016. The energy density of any LCO battery is very high, and the cost of manufacturing these batteries is fairly reasonable owing to the use of graphite carbon and cobalt. The market for lithium nickel manganese cobalt battery type is expected to grow at the highest rate between 2016 and 2022.

The combination of nickel and manganese gives the required accuracy and effectiveness. Separately, both of them are not very effective as nickel has high energy density but poor stability and manganese forms a spinel structure achieving low internal resistance but has a low energy density.

The consumer electronics industry is expected to dominate the market during the forecast period. For better performance and higher reliability, the consumer electronics products are highly dependent on portable power source. Lithium ion batteries are a preferred choice for consumer electronics products as a portable power source because of the features of high energy density and less recharge time.

The market for the automotive industry is expected to grow at the highest rate. The implementation of lithium ion batteries in automotive sector for plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV) helps to improve the efficiency and reduce the maintenance cost of the vehicle. There is increasing competition among the battery models installed in electric vehicles owing to the need for operational excellence.APAC held the largest share of the overall lithium ion battery market and the market for the same is expected to grow at the highest rate during the forecast period. Continuous development in consumer and automotive sector has led to increased application of lithium ion batteries in APAC. The products of these industries require high power capacity with safety and low rate of pollution. Lithium ion batteries are capable to fulfill these requirements of consumer and automotive industries. This makes them one of the highly adopted batteries in recent products.

One of the key restraining factors for the lithium ion battery market are overheating of lithium ion batteries which poses security concerns and inadequate charging infrastructure. The key market players such as LG Chem Ltd. (South Korea) and Panasonic Corporation (Japan) are focusing on the strategies such as contracts, agreements, and partnerships to enhance their geographical presence and expand their business.
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The 0 to 3000mAh power capacity batteries accounted for the largest share of the lithium ion battery market segmented on the basis of power capacity. There is huge range of applications that are powered by batteries within the capacity of 3,000mAh. These include DVD players, portable CD players, digital cameras, smartphones, camcorders, wearable devices, power tools, power banks, toys, bluetooth, GPS, blackbox, tablet, and various other consumer electronics.

These batteries can also be assembled together in a module format for applications requiring higher capacity. The market for 10000mAh to 60000mAh power capacity batteries is expected to grow at the highest rate during the forecast period. The lithium ion batteries having capacity between 10000mAh to 60000mAh are used in industries where high power capacity is required.

These applications include electric vehicles, material handling equipment, marine industry applications, robots, industrial applications, telecommunication systems, energy storage system (ESS) platforms, military applications, and GEO, LEO, and MEO satellites.

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M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Key Playesrs of Lithium Ion Battery Market & Growth Strategies

Lithium ion battery enables to deliver highly efficient products with high power and energy density and provides greater efficiency and accuracy for products with a range of different power capacities. The combination of lithium with other materials helps to add various features such as low cost, high power and energy density, increased shelf life, and chargeability factors important for different products such as consumer electronics and automotive.

The lithium ion battery market is expected to be valued at USD 68.97 billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries.

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LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), Samsung SDI Co., Ltd. (South Korea), BYD Co L (China), and BAK Group (China) are some of the leading players in the lithium ion battery market. Some of the key strategies adopted by the major players to gain a competitive edge in the market include new product launches and developments, agreements, partnerships, contracts, mergers, acquisitions, and expansions. 

LG Chem Ltd. (South Korea) was the leading company in the lithium ion battery market in 2015. To maintain its position in the market, the company has been focusing on inorganic growth strategies such as contracts, partnerships, and agreements. In October 2016, the company entered into an agreement with Faraday Future Inc. (U.S.) to supply battery cells for electric vehicles. These agreements have enabled the company to strengthen its customer base and market position. The company is also focused on investing in R&D initiatives.

Panasonic Corporation (Japan) is one of the major players in the lithium ion battery market. The company has a strategically balanced product portfolio and a strong position in the market in APAC. The company adopts organic and inorganic growth strategies such as partnerships, agreements, and new product launches to gain a maximum share of the lithium ion battery market. For instance, in September 2016, the company launched a flexible lithium ion battery which has thickness of 0.55mm and can withstand twisting to an angle of 25° repeatedly. These batteries are used in smartcards and wearable devices. These active measures have helped the company strengthen its brand image and enhance its market presence.

Other companies involved in the development of lithium ion battery systems include Samsung SDI Co., Ltd. (South Korea), BYD Co. Ltd. (China), BAK Group (China), A123 Systems, LLC. (U.S.), GS Yuasa Corporation (Japan), Hitachi, Ltd. (Japan), Johnson Controls Inc. (U.S.), Saft Groupe S.A. (France), Toshiba Corporation (Japan), and Valence Technology, Inc. (U.S.).

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About MarketsandMarkets

 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Case Study of Geographic Information System (GIS) Market Players !!

Geographic information system (GIS) is a structured collection of hardware, software, and geographic data. GIS is designed to capture, store, analyze, and display all forms of geospatial data. GIS is widely used in construction, transportation, and utilities. However, the integration of geospatial solutions with various technologies has broadened the application areas of GIS. The overall analysis of the market consists of evaluating various components, function, end user, and geography. On the basis of component, the market is categorized into hardware and software. Hardware has been further subsegmented into total stations, GIS data collectors, GNSS/GPS antennas, LIDAR, and imaging sensors. Further, on the basis of function, the market is segmented into mapping, surveying, telematics and navigation, and location-based services.

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The market is expected to be worth USD 10.12 billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023. The market is mainly led by software component. The market is highly competitive with the presence of several big and small market players. Product launches and developments, partnerships, agreements, contracts, collaborations, and acquisitions are some of the major strategies adopted by the players to grow in the GIS market.

As of 2016, Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), General Electric Co. (US), Pitney Bowes Inc. (US),  and Autodesk, Inc. (US) were the major players in the software market. These companies operate globally and provide comprehensive software and services. They rely on their R&D capabilities and product innovations to gain more market share.

Environmental Systems Research Institute, Inc. (Esri) (US) ranked first in the GIS software market in 2016. The company has a diversified portfolio of GIS software and Geodata services. The core strengths of the company include comprehensive offerings, strong financial performance, global strategic alliances, and a strong customer base. 

The company primarily focuses on product launches and developments to offer technically advanced solutions to its customers. It has launched several new products in FY2016, with a focus on product enhancement and on the development of advanced geospatial technologies. The company operates as a core GIS solution provider, catering to a number of industries. In addition, it focuses on inorganic growth strategies to develop its capabilities to serve the distinct markets worldwide efficiently. For instance, in 2017, Esri partnered with Leica Geosystems AG (Switzerland) to provide state and federal government with GIS and global positioning system (GPS) technologies for real-time data collection.

Hexagon AB ranked second in the software market in 2016. The company offers a diversified range of geographic information software for surveying, construction, public safety, natural resources, transport and public service, and defense industries. Intergraph Corp. (US), a wholly-owned subsidiary of Hexagon offers software and services in the GIS market. Owing to its technological innovative capability, the company can offer diversified and innovative products for major industries, thereby driving the competitiveness in the market. 

The company invested USD 390 million in R&D to develop and launch innovative geospatial technology for new products and strengthen its position in the market. For instance, in 2016, the company launched M.App Enterprise that enables organizations to provide and share their own information services to address their location-based challenges.

Major players involved in the software market include Autodesk, Inc. (US), Bentley System, Incorporated (US), Environmental Systems Research Institute, Inc. (Esri) (US), General Electric Co. (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US).

The hardware market was dominated by key players such as Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co., Ltd. (China), and Beijing Unistrong Science & Technology Co., Ltd. (China).

The other players in this market include Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), Geosoft Inc. (Canada), Handheld Group (Sweden), Harris Corporation (US), Hi-Target Surveying Instrument Co. Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada),  PASCO CORPORATION (Japan), and SuperMap Software Co., Ltd. (China).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Thermoelectric modules market for the deep cooling expected to be worth 890.6 Million USD by 2023

According to the new market research report "Thermoelectric Modules Market by Technology (Single Stage, and Multi Stage), Type (Bulk Thermoelectric, Micro Thermoelectric, and Thin Film Thermoelectric), Functionality, Offering, End–Use Application, and Region - Global Forecast to 2023", The thermoelectric modules market is expected to grow from USD 527.5 Million in 2017 and is expected to reach USD 890.6 Million by 2023, at a CAGR of 9.12% between 2017 and 2023. The demand for thermoelectric modules is mainly driven by its superior advantages such as precise temperature control, compact geometric size, reliable solid state operations, lower power consumption, rapid temperature cycling, fully reversible switch in polarity, integrated design, and rapid response time. 

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The increasing use of deep cooling modules in the medical and laboratories application such as in vaccine storages, air-conditioning, medical services, food preservation, and cooling of electronic devices is the key reason for the growth of these modules. Moreover, these modules are used in other applications such as air conditioners, IR (radiative) cooling, biomedical, emergency power sources, mini-refrigerators lasers, transitional care units (TCUs), photodiodes, waste heat recovery, chillers, cold plates, wine cabinets, sensors, and remote sensor power.

This report covers the thermoelectric modules market based on technology, type, functionality, end-use application, offering, and region. Currently, the telecommunications application dominates the global market and is expected to be a lead the market during the forecast period. This growth is attributed to the wide deployment of thermoelectric modules in the telecommunications applications such as optical channel monitors (OCM), community antenna television (CATV) lasers, transmission lasers (DWDM), avalanche photodiodes (APD), pump lasers (EDFA), and photonic integrated circuits (PIC).

Asia Pacific held the largest share of the thermoelectric modules market in 2016

Asia Pacific (APAC) held the largest share of the market in 2016. The largest share of APAC is attributed to the fact that a maximum number of manufacturers have their headquarters in this region. The other factors attributing to this growth are low manufacturing costs because of low overhead costs and cheap labor, and increasing demand for thermoelectric modules (across diverse applications) and waste heat recovery, industrial automation, and healthcare monitoring devices, as well as growing industrialization. Moreover, with the use of thermoelectric modules, higher efficiency levels and energy harvesting can be achieved in APAC.

Some of the major players in the thermoelectric modules market are Ferrotec (Japan), Laird (UK), II-VI Marlow (US), Crystal Ltd. (Russia), and RMT Ltd (Russia).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Pre-Shipment Inspection Market expected to be worth 14.83 Billion USD by 2023

According to the new research report "Pre-Shipment Inspection Market by Sourcing Type (In-House and Outsourced), EXIM (Export Goods, Import Goods), Application (Consumer Goods & Retail, Agriculture & Food, Chemicals), and Geography - Global Forecast to 2023", the pre-shipment inspection market is expected to reach USD 14.83 Billion by 2023 from USD 11.60 Billion in 2018, growing at a CAGR of 5.04% between 2018 and 2023. The growth of this market is mainly driven by the growing consumer spending and ongoing rapid urbanization in emerging markets, increasing incidents of product recalls across the world, and surging counterfeiting and piracy activities.

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Export goods held a larger share of the pre-shipment inspection market in 2017

There has been an increase in the number of product recalls due to faulty components and parts. Such incidents are on the rise than ever before due to use of sub-standard parts and materials. Moreover, the electronics, capital goods, and luxury goods industries have to adhere to stringent quality standards, thereby increasing the need for pre-shipment inspection for export goods.

Pre-shipment inspection market for outsourced services is expected to grow at the highest CAGR during the forecast period

Many large firms are increasingly outsourcing pre-shipment inspection services because the increased regulations make it costly to conduct test in-house, thereby helping the firms to reduce the overall cost of inspection. The demand for outsourcing pre-shipment inspection services to third-party vendors is increasing for applications such as consumer goods and manufacturing owing to the capital-intensive nature of in-house pre-shipment inspection activities.

Consumer goods and retail application held the largest share of the pre-shipment inspection market in 2017

In the current highly regulated marketplace, manufacturing and retailing is no longer limited to producing and selling goods but also ensuring that the product follows thoroughly standardized processes and comply with international standards. Customers in the consumer goods and retail markets are more demanding and less predictable than ever before. Therefore, superior consumer understanding and thought leadership play a crucial role in engaging the customers.

Asia Pacific (APAC) accounted for the largest share of the pre-shipment inspection market in 2017

In the APAC region, China is a prominent exporter to several countries around the world; this factor has led to a rise in TIC services in the country to ensure compliance with international standards. The rising dominance of emerging Asian countries such as China and India in international trade would require them to produce goods complying with internationally accepted standards.

SGS (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA (Germany), and Cotecna (Switzerland) are the major players included in the report with their market share analysis. The report also covers various innovators involved in this market. Cayley Aerospace (US), Guangdong Inspection (China), Asia Quality Focus (Hong Kong), Solarbuyer (US), AIM Control Group (Vietnam) are a few innovators in the market.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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universal flash storage, market, computer storage, ufs, storage

The universal flash storage market is valued at USD 1.65 Billion in 2017 and is estimated to grow at a CAGR of 18.3% to reach USD 4.50 Billion by 2023. This growth can be attributed to the growing demand for electronic devices with faster performance and improved responsiveness, rising adoption of high-speed data transfer technologies, and increasing demand for wearable electronics.

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The objective of the report is to provide a detailed analysis of the universal flash storage market by application, capacity, configuration, end use, and geography. The report provides detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the universal flash storage market. The report also gives a detailed overview of the value chain pertaining to the universal flash storage market and analyzes the market trends.

256 GB universal flash storage solutions play a significant role in the embedded applications wherein processing speed and high bandwidth is of utmost importance. For instance, due to the rising consumer awareness for safety, increasing environmental concerns, growing demand for connectivity, and improved fuel efficiency, the adoption of electronic components in the automobiles is increasing. On account of increasing consumer needs, the automotive manufacturers are steadily improving the overall automobile quality.

The important function of an embedded universal flash storage solution is to provide long-term product support, along with foreseeable performance. This is due to the devices utilizing the embedded universal flash storage configuration such as automotive electronics, gaming consoles, high-resolution displays, and laptops. The adoption of embedded universal flash storage configuration is limited in the initial stages. However, as the technology matures from the nascent stage of its adoption, this configuration is more likely to be gaining momentum in the coming years.

“North America is anticipated to lead the universal flash storage market between 2017 and 2023”

North America holds the dominant position in the universal flash storage market owing to the rapid adoption of advanced technology products by the consumers, such as e-readers, drones, smartphones, tablets, wearable electronics, and AR-VR products.

Major players operating in the universal flash storage market include Arasan Chip Systems Inc. (US), Cadence Design Systems, Inc. (US), GDA Technologies Inc. (US), Micron Technology, Inc. (US), Phison Electronics Corporation, Inc. (Taiwan), Samsung Electronics Co., Ltd. (South Korea), Silicon Motion Technology Corporation (US), SK Hynix, Inc. (South Korea), Synopsys, Inc. (US), and Toshiba Corporation (Japan).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Geographic Information System (GIS) Market by Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service) worth 10.12 Billion USD by 2023

The geographic information system (GIS) market was valued at USD 5.33 Billion in 2016 and is expected to reach USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023. Development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of GIS solutions in transportation are the key driving factors for the market.

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The base year considered for the study is 2016 and the forecast period considered is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the Geographic Information System (GIS) Market on the basis of component, function, end user, and geography. The report provides detailed information regarding the major factors influencing the growth of this market.

The mapping function held the largest market size in terms of value in 2016. Mapping offers better decision-making for selection of agriculture sites, natural resource extraction, disaster management, urban planning, and transportation modeling. Hence, the use of mapping technologies has been growing rapidly in construction, infrastructure, defense and security, transportation, agriculture, forestry, and environment. Urban planning and smart city development program in developing countries such as India and China have contributed to the market growth of mapping function.

The users face issues in collecting data in closed or covered areas such as a dense forest. GIS collector helps users to collect reliable and accurate data in these areas. GIS collector is expected to dominate the hardware market during the forecast period owing to the increasing demand for collectors for capturing and mapping the data in agriculture, construction, and utilities. GIS collector offers field data collection in both online and offline modes. It also supports external GNSS/GPS receivers for improved spatial data collection.

The increase in industrialization and urbanization propels the growth of the market in construction. The growing construction activities across the world has created a demand for surveying devices such as robotic total stations, GIS collectors, and GNNS-based receivers and antennas. Mapping and surveying functions are the major application areas for construction activities. GIS databases are widely used in the integration of geospatial data with CAD tools for engineering and designing of construction projects.

APAC expected to grow at the highest rate between 2017 and 2023

APAC is expected to be the fastest-growing market for GIS during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In APAC, companies engaged in engineering and construction, mining and manufacturing, insurance, and agriculture are implementing geospatial technologies to identify potential markets and are using geospatial information to make strategic decisions. Surveying and mapping technologies are widely used in APAC. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for 3D GIS in this region.

Major players involved in the software market include Autodesk, Inc. (US), Bentley System, Incorporated (US), Environmental Systems Research Institute, Inc. (Esri) (US), General Electric Co. (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US).

The hardware market was dominated by key players such as Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co., Ltd. (China), and Beijing Unistrong Science & Technology Co., Ltd. (China).

The other players in this market include Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), Geosoft Inc. (Canada), Handheld Group (Sweden), Harris Corporation (US), Hi-Target Surveying Instrument Co. Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada),  PASCO CORPORATION (Japan), and SuperMap Software Co., Ltd. (China).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Harmonic Filter Market | active type harmonic filters is expected to grow at the highest CAGR | worth 1.12 Billion USD by 2023

The harmonic filter market is projected to reach USD 1.12 Billion by 2023, at a CAGR of 6.65% from 2017 to 2023. The base year used for study is 2016, and the forecast period is from 2017 to 2023. 

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This report provides a detailed analysis of the market based on type, voltage level, phase, end user, and region. Based on voltage type, the low voltage harmonic segment is estimated to account for the largest share of the market by 2023. In addition, this segment is expected to grow at the highest rate between 2017 and 2023.

To estimate the size of the harmonic filter market, top players in the market and their market shares have been considered in this report. This research study involves extensive use of secondary sources, such as annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. The research methodology is explained below:

• Analyzing the overall size of the individual markets through percentage split with the help of primary and secondary research
• Analyzing several market segments and subsegments
• Analyzing supply and demand sides of the harmonic filter market ecosystem
• Analyzing market trends in various regions and countries, supported by the ongoing research and development in these regions
• Finalizing overall market sizes by triangulation with supply-side data, which includes product development, supply chain, and estimated sales in the harmonic filter market

"APAC estimated to account for the largest share of the harmonic filter market in 2023”
 

The APAC region is estimated to account for the largest share of the harmonic filter market in 2023. This can be attributed to a large number of manufacturing and processing industries in the APAC region, especially in countries, such as China, India, Singapore, and South Korea. Manufacturing and processing industries require harmonic filters to maintain smooth operations of machines in these sectors.

The major players in this market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), Danfoss A/S (Denmark), and Schaffner Holding AG (Switzerland), among others.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Brief Insight | Power Line Communication Market | 9.45 Billion USD by 2023

The power line communication market was valued at USD 4.97 Billion in 2016 and is estimated to reach USD 9.45 Billion by 2023, at a CAGR of 9.53% during the forecast period. The base year considered for this study is 2016, and the forecast period considered is between 2017 and 2023.

The objectives of the study are as follows:

• Define, describe, and forecast the overall power line communication market in terms of value
• Define, describe, and forecast the power line communication market segmented on the basis of offering, frequency, application, vertical, and geography
• Forecast the size of the power line communication market, in terms of value, for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• Describe the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the power line communication market and its submarkets
• Analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall power line communication market
• Analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the power line communication market
• Identify the key players operating in the power line communication market and comprehensively analyze their market ranking and core competencies
• Analyze strategic developments such as product launches, partnerships, expansions, and contracts in the power line communication market

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The power line communication ecosystem comprises power line communication technology-based products and its component vendors. Siemens (Germany), NETGEAR (US), ABB (Switzerland), General Electric (US), Hubbell Power Systems (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), and Corinex Communications (Canada) are some of the vendors that sell these products and solutions to end users according to their unique requirements. The end users include players from the industrial, commercial, and residential verticals.

Report Scope:
In this report, the power line communication market has been segmented into the following categories:

Power Line Communication Market, by Offering:

• Hardware
• Software
• Services

Power Line Communication Market, by Frequency:

• Narrowband (3 kHz to 500 kHz)
• Broadband (Greater than 500 kHz)

Power Line Communication Market, by Application:

• Energy Management and Smart Grid
• Indoor Networking

Power Line Communication Market, by Vertical:

• Residential
• Commercial
• Industrial

Power Line Communication Market, by Geography:

• North America (US, Canada, and Mexico)
• Europe (Italy, Spain, UK, Germany, France, and Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, and Rest of APAC)
• Rest of the World (South America, and the Middle East and Africa)

Narrowband segment held largest share of the market in 2016

Based on frequency, the narrowband segment leads the power line communication market. The dominant position of this segment can be attributed to the high demand for narrowband power line communication technology-based products from the energy management and smart grid application.

Energy management and smart grid application to dominate the market during forecast period

Based on application, the energy management and smart grid application is currently leading and is expected to dominate the market during the forecast period. Substation communication and advanced metering were the main application areas that held a significant share of the power line communication market for the energy management and smart grid application in 2016.

Market for commercial vertical likely to grow at highest CAGR during forecast period

Based on vertical, the commercial vertical is expected to witness the highest growth in the power line communication market during the forecast period. The increasing penetration of power line communication technology-based products for building automation, especially for the lighting control application, is one of the major factors fueling the growth of the said market.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Attractive Opportunities in the RF Test Equipment Market

The RF test equipment market is expected to reach USD 3.21 Billion by 2023 from USD 2.32 Billion in 2016, at a CAGR of 4.92% between 2017 and 2023. The major factors driving the growth of the RF test equipment market include the growing adoption of wireless networking in in-building communication systems, rising focus on developing 5G network-based devices, and increasing deployment of IoT technology-based devices for various applications such as telecommunications, automotive, aerospace & defense, and consumer electronics.

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Oscilloscopes held the largest market share in 2016. For the installation of technologies, robust infrastructure and supporting technologies are required. Parameters such as transmission power and modulating frequency are crucial for error-free working. To ensure the quality of the signal in real-time, an oscilloscope is a key equipment. Moreover, the adoption rate of PXI oscilloscopes is quite high for any test and measurement system due to their ability to acquire and analyze both time- and frequency-domain analog signals and to provide higher accuracy, bandwidth, and signal flexibility compared to traditional benchtop oscilloscopes.

Dominant players in the RF test equipment market include Anritsu (Japan), Fortive (US), Keysight (US), National Instruments (US), Rohde & Schwarz (Germany), Teradyne (US), Yokogawa (Japan), Teledyne Technologies (US), Cobham (UK), EXFO (US), Giga-tronics (US), Chroma (Taiwan), Good Will Instruments (Taiwan), and B&K Precision (US).

Modular RF test equipment to grow at the highest rate during the forecast period

The market for modular RF test equipment is estimated to register the highest CAGR during the forecast period. This is attributed to its characteristics such as the ability to manage and analyze large datasets in real time and high-precision performance. Also, modular instruments have the ability to manage and analyze large datasets in real time. The introduction of the PXI (PCI extensions for instrumentation) standard as an extension of Compact PCI by National Instruments (US) helped OEMs to provide cost-efficient equipment and well-performing modular system components, which are among the prime reasons for its faster growth.

RF test equipment with a frequency range of 1 GHz to 6 GHz hold the largest share during the forecast period

Many RF equipment conform to the IEEE802.11b/g/n wireless standards, using 2.4 GHz frequency. Owing to the rising demand for seamless connectivity with higher data rate, Wi-Fi technology-based RF equipment, which conform the IEEE802.11a  wireless standards, with a frequency range of 5 GHz to 6 GHz are in high demand. Hence, RF test equipment with a frequency range of 1 GHz to 6 GHz are used for most industrial IoT-related applications. These factors drive the growth of the market for RF test equipment with a frequency range of 1 GHz to 6 GHz.

RF test equipment in APAC to grow at the highest rate during the forecast period

APAC is expected to be the fastest-growing market for RF test equipment during 2017–2023. A number of OEMs as well as semiconductor device and product manufacturers are situated in APAC. The growing demand for RF test equipment is attributed to the increasing number of smartphones and continuous advancements in next-generation telecommunication standards, such as LTE, 4G, and upcoming projects on 5G. Moreover, favorable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries are the factors that intensify the interest of foreign players in Asia Pacific.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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