Monday 30 September 2019

SWIR Market for Monitoring and Inspection to Grow at Highest CAGR During Forecast Period

The shortwave infrared (SWIR) market is expected to be valued at USD 147 million in 2018 and is likely to reach USD 258 million by 2024, at a CAGR of 9.87% during the forecast period. The high demand for SWIR cameras from the military & defense sector is among the major factors driving the growth of the SWIR market. Moreover, SWIR cameras are increasingly used in machine vision and commercial applications; this factor is also expected to considerably boost the growth of the said market in the coming years.
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The market for cooled SWIR technology-based products is expected to witness significant growth during the forecast period. One of the prime factors boosting the growth of the said market is the ability of the cooled SWIR cameras to generate more accurate and higher resolution images than uncooled SWIR cameras.
The market for the line scan SWIR products is expected to grow at a high rate during the forecast period. The major applications of line scan cameras are in the industrial vertical. These cameras are well suited for applications requiring imaging of fast-moving objects, and their cost is lower than that of area scan cameras, thereby leading to their wide adoption in the industrial vertical.
Among all applications, the SWIR market for the monitoring & inspection application is expected to grow at the highest rate from 2018 to 2024. Rising demand for SWIR cameras for quality control is among the major factors accelerating the growth of the SWIR market for the monitoring and inspection application. Food & beverages, electronics & semiconductors, pharmaceuticals, glass, and aerospace are among the industries that use SWIR cameras for the monitoring and inspection application.
The SWIR market for the nonindustrial vertical is expected to grow at a high rate during 2018–2024. Military & defense and civil infrastructure are the 2 major segments within the nonindustrial vertical that generate high demand for SWIR products. Military & defense is among the first few verticals that witnessed the adoption of infrared imaging cameras. This vertical also generates the largest demand for SWIR cameras and are used for numerous applications. In the civil infrastructure segment, SWIR cameras are mainly used for the security and surveillance application.
Among all regions, the SWIR market in APAC is expected to grow at the highest rate during the forecast period. This growth is attributed to the high economic growth witnessed by major developing economies in the region. Key countries in APAC include China, Japan, and India. The key players are grabbing opportunities by expanding their global reach and launching new products.

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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, "Knowledgestore" 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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Which are the leading applications in the body area network market?

The global body area network market (BAN) is projected to grow from USD 9.1 billion in 2019 to USD 15.8 billion by 2024, at a CAGR of 11.7%. Major factors driving the growth of the body area network market include the increased use of smart devices for tracking physical fitness, rapid advancements in medical devices and communication technologies, supportive government & hospital initiatives to promote digital healthcare, and easy availability of low-cost fitness-tracking gadgets.

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Body area network market for medical, fitness, and sports application to account for the largest share during 2019 and 2024. Wearable devices, such as smartwatches and smart bands, are mainly used to track and analyze fitness, health monitoring, or sports-specific movements. Body area network devices are adopted in various countries for medical applications such as telemedicine, remote patient monitoring, and assisted living. As these devices are used majorly in medical, fitness, and sports applications, the market for this application is expected to witness significant growth in the coming years.

The body area network market for application processors and memory modules is expected to capture the largest market share and is likely to witness a higher CAGR during the forecast period. Application processors are embedded with high-resolution analog-to-digital converters (ADCs) and are suitable for measuring weak biomedical signals, such as pulse wave and electrocardiogram (ECG). Since these processors are an important part in wearables, there has been a rising need for advanced processors having strong processing capabilities. Also increasing multimedia features in wearable devices and requirement to store a large volume of data monitored by sensors are driving the need for additional internal memory.

In terms of geographic coverage, the body area network market has been segmented into North America, Asia Pacific (APAC), Europe, and Rest of World (RoW). North America is expected to continue to lead the body area network market during 2019–2024. North America includes countries such as the US, Canada, and Mexico. The body area network market in APAC is expected to grow at the highest CAGR from 2019 to 2024. The growing adoption of wearable devices and other medical devices, along with remote patient monitoring systems and assisted living solutions drives the market in North America. Presence of leading players in the body area network market such as Apple, Fitbit, Garmin, Fossil, and Medtronic also provides an opportunity in this region. 


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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, "Knowledgestore" 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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Based on communication protocol, smart lock market for Wi-Fi to grow at highest CAGR from 2017 to 2025

The smart lock market is expected to reach USD 2.67 Billion by 2023 from USD 1.28 Billion in 2017, at a CAGR of 13.11% between 2017 and 2023. Rising adoption of smartphones and other connected devices acts as a driver for the growth of the market. Moreover, growing security and safety concerns and enhanced features compared with traditional lock systems also drive the growth of this market.
This report segments the smart lock market on the basis of lock type, communication protocol, vertical, and geography. Deadbolts held the largest share of the market based on lock type in 2016. The increased use of deadbolts in the residential and commercial verticals, and benefits provided by deadbolts such as low installation cost, high durability, and effective security against the intense intrusion or attack in the residential, commercial, and other applications contribute to a high growth of the market for this segment.
The market for Wi-Fi is expected to grow at a highest CAGR from 2017 to 2025. Wi-Fi can be accessed through various devices such as smartphones, personal computers, and tablets. These devices can connect to the Internet through a wireless access point. The Wi-Fi Direct standard allows the formation of a connection between any 2 devices without a wireless router. The growth in the field of smartphones and tablets has led to the increased scope of IoT in smart locks, all of which are enabled with Wi-Fi connectivity.
Smart lock market in APAC to grow at highest CAGR during forecast period
The smart lock market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is expected to witness the increase in adoption of security systems as major countries in this region are the emerging economies with a growing number of manufacturing bases and exhibiting increasing demand for connected security devices. Further, the huge population base, a large number of research and development (R&D) activities, and increasing urbanization in APAC would drive the adoption of smart locks in APAC.
Key players in the market include ASSA ABLOY AB (Sweden), Allegion plc (Ireland), dorma+kaba Holding AG (Switzerland), Spectrum Brands Holdings, Inc. (US), Salto Systems S.L. (Spain), Onity, Inc. (US), Cansec Systems Ltd. (Canada), GANTNER Electronic GmbH (Austria), Master Lock Company LLC (US), MIWA Lock Co. (Japan), Samsung
Electronics Co., Ltd. (South Korea), SentriLock, LLC (US), Avent Security (China), ADEL Group (China), Dessmann (Germany), Haven Lock, Inc. (US), Gate (US), Shenzhen Vians Electric Lock Co., Ltd.(China), Anviz Global (US), Poly-Control International ApS (Denmark), August Home (US), CANDY HOUSE, Inc. (US), Dahua Technology Co., Ltd (China), Amadas Inc.(South Korea), and LockState (US). These players are increasingly undertaking product launches, partnerships, acquisitions, expansions, agreements, collaborations, and contracts to increase their market shares.
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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, "Knowledgestore" 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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Good Growth Opportunities in Geotechnical Instrumentation and Monitoring Market

The geotechnical instrumentation and monitoring market (GTIM) is expected to grow from USD 3.3 billion in 2019 to USD 5.0 billion by 2024, growing at a CAGR of 9.0%. Factors driving the demand for these instruments include a significant rise in infrastructure investments across various countries; stringent government regulations to make structures more sustainable and safer; failure of geotechnical structures results in loss of lives and destruction of infrastructure, as well as financial losses; and increased awareness about benefits of GTIM tools.

Based on offering, the GTIM market is segmented as follows:

  • Hardware and Software
    • Sensors
    • Piezometers
    • Inclinometers
    • Extensometers
    • Data Acquisition Systems (DASS)
    • Software
    • Others (Potentiometers,  Geophones, and Data loggers)
  • Services

Based on networking technology, the GTIM market is segmented as follows:

  • Wired technology
  • Wireless technology

Based on structure, the GTIM market is segmented as follows:

  • Tunnels & bridges
  • Buildings & utilities
  • Dams
  • Others (mining facilities, pipelines, and landfills)

Based on Application, the GTIM market is segmented as follows:

  • Measurement of pore water pressure
  • Measurement of rock/soil stress
  • Monitoring of lateral deformation
  • Monitoring of vertical deformation

Based on end user, the GTIM market is segmented as follows:

  • Building & infrastructure
  • Energy & power
  • Oil & gas
  • Mining

Based on Region, the vision sensor market is segmented as follows:

  • Americas
  • Europe
  • APAC
  • RoW

Recent developments

  • In February 2019, Fugro was awarded the site characterization project off the Dutch coast in the Netherlands.
  • In January 2019, Sisgeo SRL launched VK4200VCHP, an embedded vibrating wire strain gauge model. This product can be installed in deep piles up to 100 m. The gauge can resist up to 2.4 MPa fresh concrete pressure.
  • In September 2018, Sisgeo launched B.R.A.IN (Borehole Readout Array for INclinometers). It can turn a smartphone into a data logger. It can be used with the help of a mobile application. It is compatible with IOS and Android.
  • In September 2018, COWI A/S was awarded a contract to upgrade the structural health monitoring system on the Pont de Normandie Bridge in Northern France. 

Services to account for larger share of the GTIM market, by offering, due to the need for technical expertise

Wireless technology will grow at faster rate for GTIM during forecast period.

APAC to exhibit fastest growth in GTIM market from 2019 to 2024

Asia Pacific (APAC) is expected to exhibit the highest CAGR during the forecast period. Major factors driving the growth of the GTIM market in APAC include the increased spending on infrastructure projects in developing countries such as China and India. Factors such as increased population and rapid urbanization have increased the use of structures such as bridges, buildings, highways, and tunnels. Countries such as China and South Korea have many skyscraper buildings. Moreover, India is increasingly adopting geotechnical instrumentation and monitoring solutions for projects related to geotechnical facilities such as tunnels, bridges, and dams. A few of the companies in APAC offering GTIM hardware components and services are Ryobi G (Singapore), Ace Instruments Co., Ltd. (Korea), Geotechnical Services Pty. Ltd. (Australia), Encardio-rite Electronics Pvt. Ltd. (India), Aimil Ltd. (India).
Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon Incorporated (US), and Geocomp Corporation (US) are among a few major players in the geotechnical instrumentation and monitoring (GTIM) market.
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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 7500 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, "Knowledgestore" 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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Thursday 26 September 2019

Worldwide Growth of E-Commerce Market Driving the Growth of Delivery Robots Market

The delivery robots market is expected to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. At present, the cost for each last-mile delivery is USD 1.60 via human drivers, which could be scaled down to USD 0.06 by utilizing autonomous delivery robots; hence, the reduction in the cost of last-mile deliveries is the key factor driving the growth of the delivery robots market. The increased venture funding is another factor driving the market growth.
The market for robots with load carrying capacity of up to 10.00 kg to grow at the highest CAGR during 2018–2024
Robots with a load carrying capacity of up to 10.00 kg are mainly adopted by local restaurants for the delivery of food parcels and beverages to consumers. As these robots weigh around 25 kg, they are capable of carrying limited weight and adopted to deliver products in a shorter range. The existing challenge of traffic congestion that restricts the easy movement of autonomous vehicles puts limitations on the dimensions of robots. Hence, the growth of the market for delivery robots with a load carrying capacity of up to 10.00 kg is driven by their small form factor.
Hardware to dominate delivery robots market in 2018
Hardware contributes majorly to the development cost of a robot. Robot development stages such as designing, building, programming, and testing a robotic system are a combination of physics, mechanical engineering, electrical engineering, structural engineering, mathematics, and computing. The larger market share of hardware can be attributed to the costly components such as LiDAR sensors and radars. The LiDAR sensor provides high-resolution, three-dimensional information about the surrounding environment to the delivery robot. This sensor not only locates the position of people and objects around the vehicle but also assesses the speed and route at which they are moving.
North America to hold a major share of the delivery robots market in 2018
Increasing demand for delivery robots in the retail industry and growing labor charges for last-mile deliveries, drive the delivery robots market growth in North America. Owing to various research programs supported by the government of North American countries, North America is expected to hold the largest share of the delivery robots market in 2018. It has invested millions of dollars in robotics research projects, most of which are defense-related projects. North America has been home to many delivery robot manufacturing companies, such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.
Major players in the delivery robots market include Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke (US), Nuro (US), Amazon Robotics (US), Robby Technologies (US), Boston Dynamics (US), Robomart (US), Eliport (Spain), Dispatch (US), Piaggio Fast Forward (US), Marble (US), TeleRetail (Switzerland), BoxBot (US), and Kiwi Campus (US).
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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 7500 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, "Knowledgestore" 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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Thermoelectric Modules Market worth $1,023 million by 2024 at CAGR of 8.9%

The thermoelectric modules market size is projected to reach USD 1,023 million by 2024 from an estimation of USD 668 million in 2019, at a CAGR of 8.9%. Benefits of thermoelectric modules over conventional systems, simultaneous heating & cooling of thermoelectric modules catering to the demand in several applications, growth of electric vehicle market and focus of governments as well as product & service providers on using renewable energy sources is expected to drive the thermoelectric modules industry growth. Furthermore, underlying opportunities in this space include the development of thermoelectric modules for new application arena and the concept of turning body heat into electricity.
Multi-stage model for thermoelectric modules to grow at higher CAGR during the forecast period
Multi-stage thermoelectric modules are also known as cascade modules. They work on high deltaT (Temperature difference) between the hot and cold side of the component. These modules are designed to provide significantly higher temperature differences. Cascade modules are used to obtain DTs of up to 130°C.
Multi-stage thermoelectric modules are suitable for applications for which a low-to-medium cooling capacity is required. Typical applications of multi-stage thermoelectric modules are IR detectors, charge-coupled device (CCD) arrays, electro-optics, and material testing solutions. Further, companies are focusing on developing high-capacity multi-stage thermoelectric modules. For instance, TEC Microsystems introduced a new range of ultra-small multistage thermoelectric coolers having eight times smaller volume dimensions.
Deep-cooling modules to hold the largest share of thermoelectric modules market during the forecast period
Deep-cooling modules are the major revenue generators of the thermoelectric modules market based on functionality. Deep-cooling modules are available in different form factors, such as single-stage and multi-stage. High-power thermoelectric modules are also considered in deep-cooling modules. High-power thermoelectric modules are designed to maximize the heat pumping capacity.
The companies in this market are also focusing on high-temperature applications. For instance, in May 2019, LAIRD has expanded its Peltier thermoelectric module product family with the HiTemp ET Series, designed to protect critical electronic devices like CMOS sensors in high-temperature applications.
Asia Pacific thermoelectric modules market expected to grow at highest CAGR during the forecast period
Asia Pacific accounted for the largest share of the thermoelectric modules market in 2018. It is the fastest-developing region for most of the applications such as automotive, consumer electronics, oil, gas & mining, and industrial.
The market in APAC has been segmented into China, Japan, South Korea, and the Rest of APAC. The region has emerged as a global focal point for significant investments and business expansion opportunities. The geography represents the fastest-growing thermoelectric modules market worldwide during the forecast period due to the increasing demand for waste heat recovery, consumer goods, industrial automation, and healthcare monitoring devices.
Ferrotec (USA) Corporation (Ferrotec, US), Laird Thermal Systems (LAIRD, UK), II-VI Marlow (Marlow, US), TE Technology, Inc. (TE Technology, US), TEC Microsystems GmbH (TEC Microsystems, Germany), Crystal Ltd (Crystal, Russia), Kryotherm (Kryotherm, Russia), RMT Ltd. (RMT, Russia), Thermion Company (Thermion Company, Ukraine), Thermonamic Electronics (Jiangxi) Corp., Ltd. (Thermonamic Electronics, China), KELK Ltd (KELK, Japan), and Guangdong Fuxin Technology Co., Ltd. (Fuxin Technology, China) are a few significant players in the thermoelectric modules market.
About MarketsandMarkets™
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 7500 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, "Knowledgestore" 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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Wednesday 25 September 2019

Predictive Maintenance to Offer Opportunities to Industrial Sensors Market in Coming Years

The industrial sensors market is expected to be valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6 billion by 2023, at a CAGR of 6.16% during the forecast period. The study involved 4 major activities to estimate the current market size for industrial sensors. Exhaustive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

By sensor, level sensor segment is expected to account for largest market during forecast period

In this report, the industrial sensors market has been segmented by sensor into level, image, gas, pressure, position, force, flow, temperature, and moisture & humidity. Among all sensors, level sensors are expected to hold the largest share of the market throughout the forecast period. Level sensors occupy a huge share of the industrial sensors market as they are used in major applications such as manufacturing and process industries, semiconductor manufacturing, automotive manufacturing, and aerospace and defense manufacturing.

By type, noncontact industrial sensors expected to grow at highest CAGR during forecast period

Noncontact industrial sensors is a faster growing segment of the industrial sensors market. Increasing penetration of remote sensing and wireless sensing attributes to the growth of noncontact sensors in the market. The wireless sensors market is increasing due to factors such as increasing penetration in industrial automation applications; growing adoption of wearables in industrial facilities; emerging concepts, such as smart factory; and increasing applications in pharmaceuticals and mining industries and petroleum refineries.APAC expected to hold largest share of industrial sensors market in 2018
APAC is expected to hold the largest share of the industrial sensors market in 2018. China and Japan are the key countries contributing to the growth of the industrial sensors market in APAC. APAC is the largest market for industrial sensors because of the presence of China in this region. China’s manufacturing output is the largest in the world. It is one of the major manufacturers of consumer electronics, automobiles, etc.
 North America is expected to account for the second-largest share of the industrial sensors market throughout the forecast period. The US currently accounts for the largest share of the industrial sensors market in North America, followed by Canada and Mexico.
A few major players operating in the industrial sensors market are Rockwell Automation (US), Honeywell (US), Amphenol Corporation (US), Texas Instruments (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), and Siemens (Germany).
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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 7500 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, "Knowledgestore" 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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Mr. Shelly Singh
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Market Research Study for Current Sensors - Global Forecast to 2024

The current sensor market is expected to grow from USD 2.4 billion by 2019 to USD 3.6 billion by 2024 at a CAGR of 8.34%. The increasing use of battery-powered applications and renewable energy forms, and growing market for Hall effect current sensors are among the key driving factors for this market. Moreover, the growth of automotive electronic control systems and new vehicle technologies, and large-scale commercialization of IoT and IIoT are among the other factors fueling the market growth.

Closed-loop current sensors to account for larger share of market during forecast period

The current sensor market, by type (1), is segmented into open-loop and closed-loop current sensors. The open-loop current sensors are expected to witness significant growth in the market during the forecast period as they provide a cost advantage over a closed-loop sensor in high current ranges (over 100 A). The sensors of this type are small in size and light in weight, and maintain constant power consumption, irrespective of the current levels.

Current sensor market for energy sector to grow at highest CAGR during forecast period

Building automation, smart homes, solar power, wind power, and HVAC systems are the major current measurement applications in the energy sector. Also, there is a growing shift toward generating electricity from renewable energy sources. As a result, current sensor providers are expected to have high growth opportunity owing to their application-specific properties, such as high accuracy, sensitivity, and stability, and faster response time.

APAC to account for largest share of current sensor market during forecast period

APAC is expected to account for the largest share of the current sensor market during the forecast period. The market in this region is also expected to witness significant growth during 2019–2024. The population growth and rapid urbanization in developing economies, such as China and Japan, have prompted the speedy development in the region, which will boost the demand for current sensor from verticals such as energy, automotive, telecom and networking, industrial, and healthcare.

Key Market Players

Key players in the current sensor market include Asahi Kasei Microdevices (Japan), Melexis (Belgium), Allegro Microsystems (US), Siliocn Labs (US), LEM International (Switzerland), Sensitec (Germany), Koshin Electrin (Japan). Asahi Kasei Microdevices (Japan) is a leader in the current sensing industry. The company has shown consistent growth in the market by demonstrating capability to serve new markets, and its product launches and promotional activities have boosted its revenue growth.
About MarketsandMarkets™
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 7500 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, "Knowledgestore" 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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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Tuesday 24 September 2019

Who are major current and potential competitors in the Smart Display Market?

The global smart display market is expected to grow from USD 861 million in 2018 to USD 6,665 million by 2025, at a CAGR of 34.0%. The market has been segmented into 3 separate markets—smart home displays, smart display mirrors, and smart signage.
Smart displays are intelligent solutions that can be controlled through simple voice commands, remote devices, or with the help of IoT connectivity and artificial intelligence. Smart displays are referred to as emerging display applications where manufacturers add interactive and advanced control features to the display devices. This offers new growth opportunities for display panel manufacturers, technology developers, signage solution providers, and OEMs. These devices are emerging use cases of displays and have potential to revolutionize several applications including home, signage, automotive, and other industries.

“Voice-controlled smart home displays to register highest CAGR during forecast period”

The growing success of smart speakers in smart homes has led major companies such as Amazon, Google, Lenovo, LG, and Facebook to develop smart home displays by embedding display panel and voice-controlled capabilities in speaker device. Amazon was the only player in 2017 to launch voice-controlled smart displays, and with the success of smart speakers, several new players such as Google, Facebook, Lenovo, Samsung, and LG Display entered into the market in 2018. With the growing number of players offering voice-controlled smart displays, demand for these displays is expected to boost the market during the forecast period.

Automotive segment to account for largest share in smart display mirror market during forecast period

The automotive segment in the smart display mirror market is expected to account for the largest share through 2025, driven by both aftermarket and OEM-fitted rearview mirrors. The increasing demand from consumers for driving comfort and safety features in cars has created an opportunity for automakers to embed the display panel in the rearview and side-view mirrors. Currently, rearview mirrors are offered in both aftermarket and OEM-fitted cases. For aftermarket, companies such as Xiaomi and Junsun offer rearview display mirrors, while for OEM-fitted case, companies such as Gentex and Magna offer rearview display mirrors. Rearview display mirrors are OEM-fitted in GM, Nissan, Toyota, and Jaguar Land Rover; however, a majority of the smart display mirrors are shipped in the aftermarket segment and a minor portion is in OEM-fitted segment.

Retail and hospitality segment to dominate smart signage market during forecast period

The retail and hospitality segment holds the largest market share due to increasing installation of smart signage in growing number of malls and shopping centers and also due to emerging use cases to improve the guest experience. With the changing strategies in the retail industry to attract customers, context-aware signage/smart signage is becoming a powerful tool in retail spaces. Smart signage makes the experience interactive by showcasing the product and related information, which can reduce the required manpower.

“Europe accounted for largest share in automotive smart display mirror market”

Europe is home to major automobile manufacturers such as Volkswagen (Germany), BMW (Germany), and Daimler (Germany), which is expected to create significant demand for smart display mirrors. Consumer demand for connected mirrors is also growing due to increasing focus on vehicle safety and convenience, which is driving the automotive smart display mirror market in the region.
Amazon.com, Inc (Amazon) (US), Google, LLC (Alphabet, Google) (US), Facebook, Inc (Facebook) (US), Samsung Electronics Co., Ltd. (Samsung, Samsung Display) (South Korea), LG Electronics Co. Ltd, (LG Electronics, LG Display, LGD) (South Korea), Sony Corporation (Sony) (Japan), NEC Corporation (NEC Corp., NEC) (Japan), Gentex Corporation (Gentex) (US), Magna International, Inc. (Magna Mirror, Magna) (US) and Apple Inc. (Apple) (US) are among the few players in the smart display market.
Amazon has deep roots in electronics and other general merchandise through its e-commerce platform. This reflects the company’s geographic reach and distribution channels. In the smart display market, the company relies on its marketing strategy to increase its market share for Amazon Echo Show. The company is known for its service and product reliability, which is an advantage going forward in the market. With the success of its smart speakers—Echo Series, the company expects high growth from Echo Show due to scope for wider acceptability considering the interoperability with other display devices present in the market.
About MarketsandMarkets™
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 7500 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, "Knowledgestore" 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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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Europe expected to be the fastest-growing for Lithium-ion Battery Market

The overall lithium ion battery market size is expected to grow from USD 37.4 billion in 2018 to USD 92.2 billion by 2024, at a CAGR of 16.2%. The growth of this market is being fueled by increase in demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications.
Europe is expected to be the fastest-growing market for lithium ion battery from 2018 to 2025. Europe is home to some of the largest battery manufacturers such as Saft (France) and FIAMM (Italy). The consumer electronics market for wearable devices is witnessing a positive growing curve in Europe. Presence and active association in Europe such as Association of European Automotive Industrial Battery Manufacturers and PRBA is supporting the use of lithium ion battery in different application in safe mode by their set standards and certification.
Key players operating in the lithium ion battery market include BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).

“Market for Lithium Nickel Manganese Cobalt is expected to grow at a higher rate during the forecast period”

The energy density of NMC batteries is its primary strength. It achieves this energy density with good stability due to the use of an optimum ratio of nickel manganese and cobalt. It also has a good charge and discharge cycle. These features enable its application in industries such as automotive. NMC is used in batteries laptops, mobile phones, tablets, automotive, power tools, and electrical storage systems. It is expected to gradually replace LCO and NCA cathode materials in batteries of notebooks, mobile phones, and tablets. It is lightweight and can better serve slimmer and lighter tablets and smartphones. NMC is also used in HEV, EV, and PHEV as it offers higher safety, along with other desired properties. These advantageous properties of NMC are expected to increase its market share in next five years and ideally positioned it to be the best material available in this industry.

“Lithium ion battery market for power capacity range 3,000–10,000 mAH is expected to grow at the highest rate during the forecast period”

Lithium-ion battery’s heavy power capacity makes it useful in electrical vehicles and industrial uses. The increasing market of consumer electronics and smartphones has increased the need for batteries with high power capacity that can keep the device running for long hours and at the same time giving an optimum experience of the device due to large screen and power back up service.

“Lithium ion battery market for consumer electronics is expected to hold the largest market during the forecast period”

Continuous development in consumer electronics as well as support from government and association for the adoption of lithium ion batteries has boosted the growth of this market. The growing use of electronic devices such as cell phones, laptops, MP3 players, and GPS navigation systems is driving the growth of the consumer electronics industry for the lithium ion battery market.
About MarketsandMarkets™
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 7500 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, "Knowledgestore" 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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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Monday 23 September 2019

SGS (Switzerland) and Bureau Veritas (France) are the Leading Players in the Pre-Shipment Inspection Market

The global pre-shipment inspection market is expected to increase from USD 11.60 Billion in 2018 to USD 14.83 Billion by 2023, at a CAGR of 5.04% between 2018 and 2023. Some of the key factors driving this market are 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.
Key players in the pre-shipment inspection market include SGS (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA (Germany), and Cotecna (Switzerland), among others. Some of the major strategies adopted by these market players to compete in the pre-shipment inspection market were expansions, contracts, partnerships, and mergers and acquisitions. This market is evolving globally with the increasing competition to offer niche pre-shipment inspection services.  
Leading players in the pre-shipment inspection market are as follows:
SGS Group is a Switzerland-based company that offers inspection, verification, testing, and certification services in APAC, the Americas, Europe, Africa, and the Middle East. The company operates in sectors including agricultural, minerals, oil and gas, and chemicals; life sciences; consumer testing; systems and services certification; industrials; environmental; automotive; and government and institution services. The company generated maximum revenue, which was nearly 44%, from the European, African, and the Middle Eastern regions as of 2016. Its strategically balanced portfolio reduces the business risks and enables it to tap opportunities in new and existing markets. In terms of key business strategies, SGS Group adopted the acquisition strategy in the pre-shipment inspection services. For instance, in July 2017, SGS announced the completion of its acquisition of Central Illinois Grain Inspection, Inc. (CIGI), a USDA-licensed agency inspecting grains and bi-products for export and domestic quality settlements with growers.  
Bureau Veritas is a France-based company that delivers high-quality service solutions to companies in sectors such as oil and gas, food, and consumer goods to meet the growing challenges in terms of quality, safety, and environment protection. The company operates in regions such as Europe, APAC, and the Americas. The company adopted the strategy of service expansion. For instance, in May 2015, exporters have reconfirmed Bureau Veritas for 3 years for the delivery of verification services to Tanzania. Since May 1, Bureau Veritas provides PVOC services under this new phase of the program.
About MarketsandMarkets™
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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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Friday 20 September 2019

Product Launches and Developments have been Key Strategies Adopted by Players to Strengthen Business & Gain a Competitive Advantage in RF Test Equipment Market

The RF test equipment market is expected to reach USD 3.21 Billion by 2023 from USD 2.41 Billion in 2017, at a CAGR of 4.92% between 2017 and 2023. The market has been segmented on the basis of type, form factor, frequency, application, and geography.
Product launches and developments have been the key strategies adopted by the players to strengthen their business and gain a competitive advantage in the RF test equipment market. These strategies accounted for a major share of 75% of the overall growth strategies adopted by the key players between January 2014 and October 2017. The ongoing research and development activities pertaining to RF test devices for 5G product testing and manufacturing have encouraged companies to adopt these strategies. In addition to product launches and developments, the companies also focus on agreements, acquisitions, and collaborations to expand their product portfolio, sales, and distribution network. These strategies helped companies to significantly increase their market shares and strengthened their position in the overall RF test equipment market.
Keysight Technologies become an independent publically traded company after a spun-off from Agilent Technologies (US). Keysight’s separation from Agilent occurred on November 1, 2014. The company made 2 key acquisitions, namely, Anite (UK) and Electroservices Enterprises Limited (UK) to support its growth initiatives. The company’s key strategies are product launches and developments by introducing new customer solutions and expanding its leadership position in electronic design and test. On June 2017, the company launched M9383A PXIe, an analog and vector signal generator with a frequency coverage up to 44 GHz and modulation bandwidth up to 1 GHz. The company launched this product to target the market for 5G and aerospace and defense communication applications.
Fortive was founded as an independent publically traded entity in 2016 after the separation from Danaher (US). Fortive is in the RF test and measurement business under the two major entities: Tektronix and Fluke. Tektronix primarily manufactures oscilloscopes, analyzers, signal generators, sources and supplies, meters, video test equipment, Keithley switching and data acquisition systems, Keithley semiconductor test systems, components and accessories, software, and Keithley products. Tektronix offers spectrum analyzers under its Analyzers segment. Tektronix offers solutions for applications such as analog/digital design and debug, wireless and RF, spectrum management and interference hunting, and radar and electronic warfare. The company has major focuses on product developments for RF testing. For instance, in April 2017, Tektronix launched TTR500, a series of vector network analyzers, to expand its USB-based RF test instruments portfolio. This launch is likely to help the company to tap the market for end users in the “IoT design” segment.
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.
About MarketsandMarkets™
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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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