Top Companies in Artificial Intelligence in Marketing Market

 According to the "Artificial Intelligence in Marketing Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP, Computer Vision), Deployment Type, Application, End-User Industry, and Geography - Global Forecast to 2025", the market is expected to be valued at USD 6.46 Billion in 2018 and is likely to reach USD 40.09 Billion by 2025, at a CAGR of 29.79% during the forecast period. Growth in the adoption of customer-centric marketing strategies, increase in demand for virtual assistants, and increased use of social media for advertising are the major factors driving the demand for AI-based marketing and sales solutions.

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In this report, the AI in marketing market has been segmented on the basis of offerings, deployment types, applications, technologies, end-user industries, and regions. Among offerings, software holds the largest share of the overall market owing to the developments in AI software and related software development kits.

Among deployment types, the market for cloud deployment is expected to grow at a higher CAGR between 2018 and 2025. Several businesses have already moved part of their operations to the cloud, which has encouraged vendors to develop cloud-based solutions as the data to be protected is on the cloud.

Among applications, virtual assistant is the fastest-growing application. Virtual assistants are increasingly being used for sales purposes as they are designed to increase productivity and eliminate time-consuming lead generation activity, thus allowing salespeople to focus on other productive parts of the job.

On the basis of technologies, the market has been segmented into machine learning, natural language processing, computer vision, and context-aware computing. Machine learning’s ability to collect and handle big data, along with its increased ability to perform previously impossible calculations, is fueling the growth of the market for machine learning.

Among end-user industries, the enterprise industry holds the largest share of the AI in marketing market. The enterprise industry is using AI in marketing for various applications, such as virtual assistants, sales and marketing automation, analytics, and social media advertising.

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 to hold major share of AI in marketing market in 2018

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.

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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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Flexible Battery Market expected to be worth $296 million by 2025

According to a new market research report "Flexible Battery Market with COVID-19 Update by Type (Thin-film, Printed), Voltage, Capacity, Rechargeability (Primary Batteries, Secondary Batteries), Application (Medical Devices, Smart Packaging), Region - Global Forecast to 2025", the flexible battery market is projected to grow from USD 98 million in 2020 to USD 296 million by 2025; it is expected to grow at a CAGR of 24.7% from 2020 to 2025. The flexible battery industry is likely to exhibit lucrative growth potential during the forecast period.

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COVID-19 pandemic has negatively impacted the smart packaging application segment of the flexible battery market.

Based on application, the smart packaging segment held the largest size of the flexible battery market in 2019. Flexible batteries are flexible and lightweight. They can be rolled without any loss of energy and are easy to dispose of. Thus, smart packaging manufacturers prefer flexible batteries over conventional batteries, which are bulky and rigid. Increasing adoption of micro batteries by smart packaging manufacturers is expected to drive the growth of the smart packaging segment of the market during the forecast period. However, COVID-19 pandemic has created a major disruption in the smart packaging sector. This, in turn, has affected the smart packaging market globally. Restrictions on the movement of laborers are likely to place increased pressure on supplies of products. Meanwhile, delayed shipments have also resulted in wastes generated from perishable products. All these factors have adversely affected the demand for smart labels and smart packaging sector. This, in turn, has negatively impacted the growth of the flexible battery market for smart packaging.

The demand for flexible batteries of above 100 mAh capacity is expected to increase significantly during the forecast period.

Flexible batteries with a capacity of above 100 mAh are designed for products and devices with high-energy requirements and long shelf life. These batteries are used in consumer electronics and energy harvesting systems as these systems require power sources to improve their functionalities. Flexible batteries with this capacity range are expected to be adopted significantly in numerous applications in the future.

The outbreak of COVID-19 has adversely affected investments being made to develop flexible batteries by a number of manufacturers in North America.

Smart packaging, wearable devices, and smart cards are key application segments wherein flexible batteries are used in North America. These applications require thin and flexible power sources for their operations. Flexible battery manufacturers such as Blue Spark Technologies (US), BrightVolt (US), and Ultralife Corporation (US), are based in North America, thereby leading to the growth of the flexible battery market in the region. The outbreak of the COVID-19 pandemic has affected the production and supply chain of flexible batteries. It has adversely affected the investments being made to develop flexible batteries by a number of manufacturers in the region. However, flexible batteries are being increasingly used in medical applications for recording the body temperature of the COVID-19 suspects, as well as of infected on a daily basis. This, in turn, is creating a significant demand for flexible batteries. The rise in research and development activities for the development of enhanced flexible batteries and the technology advancements in the medical and packaging sector of North America are also leading to the growth of the flexible battery market in this region.

Samsung SDI (South Korea), LG Chem (South Korea), Enfucell Oy Ltd. (Finland), Blue Spark Technologies (US), Apple, Inc. (US), Panasonic Corporation (Japan), Ultralife Corporation (US), BrightVolt (US), Imprint Energy (US), Energy Diagnostics (UK), Prologium Technology Co., Ltd. (Taiwan), Molex (US), PolyPlus Battery Company (US), ITEN SA (France), Jenax (South Korea), and Guangzhou Fullriver Battery New Technology Co., Ltd. (China), are key players operating in the flexible 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.

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Artificial Intelligence in Marketing Market | North America to hold major share

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

North America to hold major share of AI in marketing market in 2018

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.

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).

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.

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Smart container market for pharmaceutical vertical to grow at the highest CAGR from 2019 to 2024

The smart container market is estimated to grow from USD 2.6 billion in 2019 and projected to reach USD 5.7 billion by 2024; it is expected to grow at a CAGR of 16.9% from 2019 to 2024. The most significant factor driving the growth of this market is the rise in the adoption of IoT connected devices by major shipping companies. This trend is gaining momentum, as a large amount of data is collected during the entire transportation process, from which various important insights can be extracted. With these insights, issues can be pinpointed, downtime can be reduced, and procedures can be streamlined, thereby improving operational efficiency in the maritime industry.

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“Europe held the major share of the smart container market in 2018.”

According to the European Community Shipowners’ Associations (ECSA), European shipowners control over 40% of the worlds merchant fleet and operate shipping services around the world. According to the United Nations Conference on Trade and Development (UNCTAD), Europe is the second-largest region in terms of container port volumes. In 2017, it accounted for 16% of the total world container port volumes. Due to these major driving factors, the smart container market share of Europe is the highest among all regions. Europe held major market share in 2018 and is expected to continue dominating the smart container market during the forecast period. This is mainly due to the presence of major shipping companies in Europe, such as Maersk, CMA CGM, Hamburg Sud, and MSC, that demand for smart shipping container solutions.

Major players in the smart container market are Orbcomm (US), Smart Containers Group AG (Switzerland), Traxens (France), Globe Tracker (Denmark), and Nexiot AG (Switzerland). Other players operating in smart container market include Phillips Connect Technologies (Division of Phillips Industries) (US), SeaLand (Maersk) (Denmark), Robert Bosch Manufacturing Solutions (Robert Bosch GmbH) (Germany), Ambrosus (Switzerland), and ZillionSource Technologies Co., Ltd. (Cisco) (China)

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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Based on device, acoustic wave sensor market for resonators to grow at highest CAGR by 2025

According to the new research report, "Acoustic Wave Sensor Market by Type (surface and bulk); Device (resonator and delay line); Sensing parameters (temperature, pressure and humidity); Vertical (military, automotive and industrial) and Geography (North America and APAC) - Global Forecast to 2025", is expected to grow from USD 0.4 billion in 2016 to USD 1.1 billion by 2025; it is estimated to grow at a CAGR of 10.7% during 2017–2025. Growing concern toward security and surveillance, increasing demand for surface acoustic waves (SAW) based temperature sensors across various industries due to their various benefits such as accuracy, wide temperature sensing range, fast response rate, low cost, repeatability and microelectromechanical sensor (MEMS) technology are some of the major factors fueling the growth of this market.

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 Based on device, acoustic wave sensor market for resonators to grow at highest CAGR from 2017 to 2025

The market for resonators is expected to grow at a highest CAGR from 2017 to 2025. Resonators have an advantage over traditional LC/RC electrical resonance solutions having a mechanical method of vibration. The resonators are not altered by fluctuations in source and circuit voltage. Hence, resonators are suitable for the applications such as automotive keyless entry and tire-pressure monitoring.

Based on type, SAW sensors segment is expected to hold a larger size of the global acoustic wave sensor market

SAW sensors segment is expected to hold a larger size of the global acoustic wave sensor market. The leading position of the market for these sensors can be attributed owing to the capability of SAW sensors to sense various parameters such as temperature, pressure, and humidity. These sensors are used to sense and indicate the change in the concentration of a specific chemical in the environment.

Acoustic wave sensor market in APAC to grow at highest CAGR during forecast period

The acoustic wave sensor market in APAC is expected to grow at the highest CAGR during the forecast period. The region’s huge population, high industrial growth in developing countries like China and Japan, government initiatives and extensive industrial base are the major factors that make APAC a dynamic region for acoustic wave sensor, with Japan and China being the major contributors.

Key players in the market include Althen GmbH (Germany), NanoTemper Technologies GmbH (Germany), H. Heinz Meßwiderstände GmbH (Germany), Transense Technologies plc (UK), Pro-micron (Germany), Vectron International Inc.  (US), Qualtre Inc. (US), Senseor SAS (FRANCE), Sensor Technology Ltd. (US), and Hawk Measurement (Australia). These players are increasingly undertaking product launches, mergers, and acquisitions to increase their market shares.

Don’t miss out on business opportunities in Acoustic Wave Sensor Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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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MarketsandMarkets™ INC.
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Battery Energy Storage System The Key Market Players and Growth Factors

The battery energy storage system market is expected to grow from USD 1.98 Billion in 2018 to reach USD 8.54 Billion by 2023, at a CAGR of 33.9% between 2018 and 2023. Factors that drive the growth of the market include the increasing demand for grid-connected solutions, high demand for the lithium-ion technology in the renewable energy industry, and declining prices of lithium-ion batteries.

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The battery energy storage system market in APAC is expected to grow at the highest CAGR between 2018 and 2023. Among the major APAC countries, Japan is contributing immensely to the market. The Japanese government is aiming to make the Japanese companies capable of holding ~50% share of the world’s battery storage market by 2020. Japan has an active policy approach to energy storage, and it develops the battery storage industry policies for the adoption of storage technology. Some of the leading battery manufacturers providing batteries for the battery energy storage system are GS Yuasa, Hitachi, Mitsubishi, NEC, Panasonic, and Toshiba for lithium-ion; GS Yuasa and Shin-Kobe Electric Machinery for lead-acid batteries; NGK Insulators for sodium–sulfur batteries; and Sumitomo Electric for redox flow batteries are driving the battery energy storage system market.

Major factors restraining the growth of the battery energy storage system market include high capital investment required for the deployment and lack of the availability of vendors and project financing.  Key market players such as ABB (Switzerland), LG Chem (South Korea), NEC (Japan), Panasonic (Japan), Samsung SDI (South Korea) have adopted strategies such as product launches and developments, expansions, acquisitions, agreements, contracts, collaborations, and partnerships to gain a competitive edge in the battery energy storage system market and expand their distribution networks.

The battery energy storage systems market for on-grid connection is expected to grow at a higher CAGR between 2018 and 2023. The on-grid battery energy storage systems use the utility grids for supplying electricity to consumers, which also helps reduce the energy bills. The load leveling, peak shaving, and power demand management are the main applications of any on-grid connected battery energy storage system installed with electrical grids. These factors contribute to the growth of the market for on-grid battery energy storage systems.

The market for the customer-owned battery energy storage systems is expected to grow at the highest CAGR between 2018 and 2023. The customer-owned battery energy storage systems help reduce the electricity cost, as electricity is charged under the time-of-use (TOU) tariff. Under the TOU tariff, the customer can easily reduce the energy cost (electricity cost and annual investment cost) through the adoption of battery energy storage systems.

Batteries held the largest size of the battery energy storage system market in 2017. Battery is the major part of the battery energy storage systems. It leads to 60% of the total cost of the system. The different types of batteries used in the battery energy storage systems are lithium-ion, advanced lead-acid batteries, sodium–sulfur, and flow batteries, among others. The choice of these batteries depends on the characteristics of these batteries and their intended application. Availability of types of battery is driving the growth of the market for this market.

The battery energy storage system market for utilities is expected to grow at the highest CAGR between 2018 and 2023. The generation and consumption of electricity need to be matched at all times, as mismatch leads to the voltage and frequency deviations, and causes power outages and damage to the equipment. To overcome this problem, the utilities install battery energy storage systems with the electric grids, which control the voltage and frequency deviations. The battery energy storage systems used in utilities is a cost-effective alternative to replace a conventional infrastructure, especially in helping substations, and transmission and distribution (T&D) line to meet growing peak demands. These factors are fostering the growth of the battery energy storage system 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 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.

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. 
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USA : 1-888-600-6441 

Thin Film and Printed Battery Market by Voltage rating, by Chargeability, by Application, by Region - Global Forecast to 2022

The thin film and printed battery market is expected to witness significant growth; it is expected to be valued at USD 1.25 Billion in 2022, growing at a CAGR of 24.7% during the forecast period. The rising need of thin film and printed battery solutions in healthcare industry, growing opportunities for mobile medical devices and wireless healthcare monitoring systems, and demand for ultra-thin printed battery solutions for next-generation smart textiles are the key driving factors for the thin film and printed battery market. The base year considered for the study is 2015, and the forecast period is considered between 2016 and 2022. The objective of the report is to provide a detailed analysis of the thin film and printed battery market on the basis of voltage rating, chargeability, application, and geography. The report provides detailed information regarding the major factors influencing the growth of this market.

Scope of the Report:

This research report categorizes the global thin film and printed battery market on the basis of voltage rating, chargeability, application, and region.

Thin Film and Printed Battery Market, by Voltage rating:

• Below 1.5 V
• Between 1.5 V and 3 V
• Above 3 V

Thin Film and Printed Battery Market, by Chargeability:

• Rechargeable
• Single Use

Thin Film And Printed Battery Market, by Application:

• Smart Packaging
• Smart Cards
• Consumer Electronics
• Medical Devices
• Wearable Devices
• Entertainment
• Wireless Communication
• Others

Thin Film and Printed Battery Market, by Region:

• North America
• Europe
• Asia Pacific (APAC)
• Rest of the World (RoW)

“Wearable device application is expected to grow at a high rate during the forecast period “

Thin film and printed batteries have a huge demand for wearable devices applications as they comply with the requirements of power sources in wearable devices. Wearable devices such as smart textiles, smartwatches, and smart wristbands are powered with thin film and printed batteries. Increasing popularity of wearable devices is expected to fuel the demand for thin film printed batteries. The printed battery is a recently developed technology designed for wearable devices; therefore the demand for printed batteries is expected to witness significant growth.

 

“Batteries having a voltage rating of below 1.5 V to held the largest share between 2016 and 2022”

Batteries below 1.5 V expected to dominate the global thin film and printed battery market between 2016 and 2022. Below 1.5 V thin film and printed batteries are mostly used in low power applications such as disposable medical patches, iontophoretic transdermal patches, wireless micro-sensors, promotional toys, and RFID tags. Additionally, smart cards require low-voltage batteries, most of the manufacturers are integrating below 1.5 V thin film and printed batteries for smart cards.

“Rechargeable thin film and printed battery to grow at the highest rate during the forecast period”

With the advancement of technology in wearable devices, manufacturers are continuously making efforts to come up with innovative designs suitable for their devices and are increasing the need for bendable, flexible, and high-capacity rechargeable batteries that can last long. Traditional rechargeable batteries have limitations pertaining to their size and weight to cope with the latest technology-enabled devices. To overcome these limitations, manufacturers of medical devices, wearable electronics, mobile sensors, and other healthcare products use rechargeable batteries. Thus, the market for rechargeable thin film and printed battery is expected to grow at highest rate during the forecast period.

“The thin film and printed battery market in APAC is expected to grow at the highest rate between 2016 and 2022”

Increasing demand for wearable and portable consumer electronic devices are main crucial factors driving thin film and printed battery market in APAC. The advancement in the packaging industry in this region is leading to the integration of smart sensors, RFID tags, and smart labels in the packages. Smart packages require printed thin batteries to supply power. The growth in smart packaging is expected to drive the thin film and printed battery market. Furthermore, technological innovation in printed electronics leads to the manufacturing of IoT-based medical devices and wireless portable electronic devices. Medical devices such as pacemakers, drug delivery systems and medical patches are in great demand in China. The presence of major consumer electronic manufacturing companies contributes to the high growth of the thin film and printed battery market in APAC.

Major players involved in the development of thin film and printed battery include Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), Blue Spark Technologies, Inc. (U.S.), Panasonic Corporation (Japan), Cymbet Corporation (U.S.), Imprint Energy (U.S.), BrightVolt Inc. (U.S.), NEC Energy Solutions (U.S.), Ultralife Corporation (U.S.), Flexel LLC (U.S.), Excellatron Solid State LLC (U.S.), ProtoFlex Corporation (U.S.), and Jenax Inc. (South Korea).

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.

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MarketsandMarkets™
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Smoke Detector Market overview

The smoke detector market is expected to grow from USD 1.31 Billion in 2015 to USD 2.52 Billion by 2022, at a CAGR of 9.2% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. The market is driven by factors such as increasing number of government mandate policies to install smoke detector in residential sector, increased fire related expenditure of various enterprises and rise in deaths & loss of properties, and technological advancements have created higher level application for smoke detector.

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The scope of this report covers the smoke detector market based on power source, product, service, end-user industry, and geography. The commercial sector held the largest size of the market in 2015, and is highly regulated sector for market. The smoke detectors installed in commercial space are regulated by EN54, UL268, CCCF and others. The manufacturing sector is also growing significantly owing to the need to safeguard human lives and properties as well as to avoid production halt. 

There are many fire incidents which have not only caused deaths of many employees but have also damaged properties. The government and industrial associations are making it mandatory for manufacturers to install smoke alarms, which can cater to the needs of the manufacturing sector. The increase in the number of government mandate policies in developed economies to install smoke alarms at homes and rapid development in the residential construction across the world is attributing to the high growth of the smoke alarms market for the residential sector.

The market in Europe is expected to grow rapidly between 2016 and 2022. Under the influence of government mandate policies the countries in European region such Austria, France, and Germany are installing smoke detectors in their homes and is the main reason for the growth of smoke detector market in this region. Also, North America held for the largest market size in market in 2015. The high demand for smoke detectors from this region is mainly attributed to the rising number of fire deaths, especially in residential sector, along with the rise in residential construction in the key U.S. states such as Texas, Florida, and California.

Conversely, factors inhibiting the market growth are the high cost of replacing traditional detectors with smart detectors. The cost to install a smoke alarm varies according to the type and brand of smoke detector being used. But on an average, to install two smoke alarm in a home would cost around USD 110 and it may also cost higher. This restricts the customers to install or replace traditional detector with the new smart detectors. To address the issue, the vendors are developing retrofitting solutions for the customers and it costs as low as one-third of the cos of replacement.

Major players in this market are Hochiki Corporation (Japan), Honeywell International (U.S.), United Technologies Corporation (U.S.), Tyco (Ireland), Siemens AG (Germany), Johnson Control (U.S.), Robert Bosch (Germany), NEC Corporation (U.S.), Nest labs (U.S.), and Schneider Electric (France) among others. These players adopt various strategies such as partnerships, agreements, mergers and acquisitions, and new product developments to achieve growth in the global smoke detector 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.

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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Automated Passenger Counting System Market Worth 298.0 Million USD by 2022 and Passenger Information System Market worth 11.34 Billion USD by 2022

The automated passenger counting system market is expected to reach USD 298.0 Million by 2022, at a CAGR of 18.6% between 2017 and 2022. The passenger information system market was valued at USD 3.71 Billion in 2016 and is expected to reach USD 11.34 Billion by 2022, at a CAGR of 19.9% between 2017 and 2022. Factors such as the increasing demand for real-time transit information, government regulations such as requirement of ridership data from transit operators on regular basis, advantages offered by APC to transit operators in optimizing operational cost, and increased adoption of advanced solutions in transport sector would provide ample growth opportunities for the automated passenger counting and information system market in the future.

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The market for the stereoscopic vision technology is expected to grow at a significant rate for the automated passenger counting system market during the forecast period. The stereoscopic vision technology offers high accuracy during high-volume traffic. Its accuracy is unaffected even in tough environmental conditions such as varying environments of light, heat, and shadows; it can easily distinguish passengers from luggage and cover large entrance areas.

The market for passenger information mobile applications is expected to grow at the highest rate for passenger information systems during the forecast period. Some of the driving factors for the growth of passenger information mobile applications are the advancements in technology, increasing use of smartphones among passengers, and the availability of mobile applications to access information irrespective of the location, view maps, easily access station and stop layouts, detailed information including schedules, fare, route information, and so on.

The buses application is expected to lead the automated passenger counting systems market during the forecast period due to the growing number of buses in the transportation sector. Automated passenger counting systems are increasingly being adopted in buses to ensure a reliable and safe service offering as well as for enhancing the transit operations. The increasing awareness of the benefits offered by automated passenger counting systems among fleet operators further drives the use of APC in buses. Moreover, bus transit operators are interested in determining the passenger traveling pattern to schedule the bus time and route, which further drives the adoption of passenger counting systems in buses.

The roadways application is expected to lead the passenger information systems market during the forecast period. Passenger information systems used for roadways include passenger information display systems, mobile application-based systems, infotainment systems, and passenger information announcement systems. Passenger information systems are installed at bus stations, bus shelters, bus stands, and roadsides to convey real-time information to passengers.  The passenger information systems help bus agencies to manage bus operations efficiently, handle emergency situations effectively, and monitor schedules, late trips, speed violations, and so on. These are some of the factors driving the increasing use of passenger information systems in the roadways application.

The market in APAC is expected to grow at the highest rate during the forecast period. The healthy economic growth and the increasing urbanization are some of the driving factors for the growth of the automated passenger counting and information systems market in APAC, The APAC region comprises highly populated and rapidly developing countries such as China, India, and others. The transportation sector in these countries is developing at a significant rate to match the economic and cultural standards of developed countries, which is one of the drivers for the passenger information system market in the region. The increasing adoption of automated passenger counting and information systems in transit vehicles—including trains, metros, and buses—in countries such as India, Australia, China, and others drives the growth of the automated passenger counting and information system market.

Poor infrastructure for installing passenger information systems and the lack of awareness of the benefits offered by passenger counting systems in some countries are some of the factors restraining the growth of the market.

The key strategies adopted by major players in the market were agreements, contracts, collaborations, and partnerships. For instance, in August 2016, Syncromatics Corp. (U.S.) signed a contract with Los Angeles County Metropolitan Authority to design and install real-time bus information signs and operate on 300 buses. These strategies accounted for 38% of all strategies. Companies such as Iris-GmbH (Germany), init innovation in traffic systems AG (Germany), Syncromatics Corp. (U.S.), Trapeze Group (Canada), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd. (China), and Siemens AG (Germany) are major companies that adopted these strategies.

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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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Lithium Ion Battery Industry | Europe expected to hold the second-largest share | to reach worth 68.97 Billion USD by 2022

The increasing demand of energy-efficient, safe, and low-cost batteries is the key factor driving the growth of the lithium ion battery market. The lithium ion battery market was valued at USD 23.51 billion in 2015 and is expected to grow at a CAGR of 16.6% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. The objective of the report is to provide a detailed analysis of the lithium ion battery market on the basis of type, power capacity, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the lithium ion battery market. The report also provides a detailed overview of the value chain in the lithium ion battery market and analyzes the market trends with Porter’s five forces.

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The automobile industry in Europe is strategic industry with the leanest production processes and optimized use of energy for manufacturing. Increasing market share of EV in Europe is prominently supporting the adoption of lithium ion batteries. Increasing funding from the government is supporting the adoption of lithium ion batteries in electric cars. GREENLION is a project funded by EU for manufacturing cheaper and dependable lithium ion batteries for electric cars. These are some of the factors contributing to the growth of the lithium ion battery market in Europe.

The major players involved in the lithium ion battery market are LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), 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.).

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.

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.

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.

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Rugged Display Market estimated to reach worth 10.29 Billion USD by 2023

The rugged display market was valued at USD 7.03 Billion in 2016 and is expected to reach USD 10.29 Billion by 2023, growing at a CAGR of 5.92% between 2017 and 2023. The growth of this market is propelled by the increasing technological shift in the display technology and development of rugged display devices with high specifications, reduced total cost of ownership (TCO) offered by ruggedized products compared to consumer-grade devices in harsh environments, and rising demand for HMI and IoT in various industries. The base year considered is 2016, and the forecast period for the market has been considered between 2017 and 2023.

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Rugged smartphones and handheld computers held the largest share of the market, in terms of products, in 2016. Most government, defense, transportation, and industrial applications require display devices that are rugged and portable in nature. Smartphones and handheld computers are efficient alternatives to custom rugged display devices in such applications.

Windows OS-based rugged devices are expected to dominate the rugged display market during the forecast period. Windows CE, Windows Embedded Handheld, and Windows 10 are widely used in rugged display devices. Because of their wide acceptance, these platforms have been launched with different versions and development tools. Windows CE offers a wide variety of configuration and application options supported by a large number of rugged device manufacturers and provides end users with a wider choice of service and solution support.

The rugged display market for the automotive & transportation vertical is expected to grow at the highest CAGR between 2017 and 2023. Rugged displays enable paperless manufacturing plants to achieve faster and real-time data delivery, schedule parts delivery, and track quality. In transportation, tracking of goods is a complex job for the manager whether the good are on planes, trains, forklifts, tractor-trailers, or the warehouses. Rugged display devices such as mobile computers, tablets, and laptops can support the entire transportation fleet in real time while at the warehouse or in transit.

North America held the largest share of the rugged display market in 2016. The industrial manufacturers in North America emphasize on adopting advanced technologies to enhance their production processes and optimize output. In addition, government, defense, aerospace, automotive, and transportation industries are considered to be the fastest-growing end-user industries for rugged displays in the region. For instance, in December 2015, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) regulated the use of electronic logging devices (ELDs) to improve roadway safety by employing advanced technology to strengthen commercial truck and bus drivers’ compliance with hours-of-service regulations to prevent fatigue. The rugged display market is expected to witness the highest growth in APAC during the forecast period owing to the increased adoption of rugged devices in manufacturing and transportation. The increasing military budgets further driving the growth of the aerospace and defense industry in APAC, where rugged display manufacturers are expected to find various opportunities for growth in near future.

The major players in the market are  Getac Technology Corp. (Taiwan), Zebra Technologies Corp. (US), Sparton Corp. (US), Xplore Technologies Corp. (US), Trimble, Inc. (US), Panasonic Corp. (Japan), and Advantech Co., Ltd. (Taiwan),Honeywell International, Inc. (US), Esterline Technologies Corp. (US), General Dynamics Corp. (US), L3 Technologies, Inc. (US), Curtiss-Wright Corp. (US), Elbit Systems, Ltd. (Israel), Dell Technologies Inc. (US), Beijer Electronics AB (Sweden), and Kyocera Corp. (Japan).

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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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Research delivers insight into the Laser Projection Market worth 10.53 billion USD by 2023

The laser projection market was valued at USD 3.15 billion in 2017 and is expected to reach USD 10.53 billion by 2023, at a CAGR of 18.2% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is 2018–2023. The objective of the report is to provide a detailed analysis of the laser projection market based on product type, illumination type, resolution, vertical, and region. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the laser projection market, and details the competitive landscape for market leaders.

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This report segments the laser projection market by product type, illumination type, resolution, vertical, and region. The laser projection market, by product type, has been segmented into laser projector and CAD laser projection system. The market for laser projector is expected to grow at the highest CAGR between 2018 and 2023. Demand for laser projectors is increasing owing to their low maintenance cost, less power consumption, and high picture quality. Demand for high-brightness laser projectors in cinema and the increasing number of digital cinema screens in many countries drive the adoption of laser projectors. Major companies offering laser projectors are Epson (Japan), Barco (Belgium), Panasonic (Japan), Sony (Japan), and NEC Display Solutions (Japan), among others.

The laser projection market, by illumination type, has been segmented into laser phosphor, hybrid, RGB laser, and laser diode. The market for laser phosphor projector is expected to grow at the highest CAGR during the forecast period. Laser phosphor projectors have ~15,000–25,000 lumens, with an estimated lifetime of 30,000 hours to 50%. The primary advantage of a laser phosphor projector is the long lifetime (~30,000 hours before it reaches 50% brightness). The long life and low maintenance cost of laser phosphor projectors make them ideal for high-use settings, such hospitality events, museums, education, government departments, large venues, and movie theaters.

The laser projection market, by resolution, has been segmented into WUXGA, WQXGA, and 2K; 4K; XGA and WXGA; HD and Full HD; and others. The market for 4K laser projector is expected to grow at a high rate during the forecast period. Demand for 4K laser projectors is growing due to the increasing demand for high-brightness, high-image-quality projectors for various applications. 4K projectors are most commonly known as ultrahigh-definition projectors that offer high pixel resolution. With higher resolution, the price of projectors also increases. These projectors are used in various applications, such as movie theaters, large venues, museums, auditoriums, and classrooms.

The laser projection market, by vertical, has been segmented into enterprise, public places, cinema, education, retail, medical, and industrial. Enterprise is expected to lead the laser projection market. Public organizations and government bodies use laser projectors for briefing and providing people ancillary information at meetings. Laser projectors are widely used for presentations as they produce high-quality images required for graphs, bar charts, etc., for better understanding. With the help of laser projectors, business professionals can project concise data with charts and figures in a digital format, thereby helping the management draw a clear picture of the presentation.

Key players in this market include Panasonic (Japan), Sony (Japan), Epson (Japan), Barco (Belgium), NEC Display Solutions (Japan), BenQ (Taiwan), Casio (Japan), Optoma (US), Delta Electronics (Taiwan), and Ricoh Company (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 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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Tilt Sensor Market by Technology (Force Balance, MEMS, and Fluid Filled) worth 260.3 Million USD by 2023

According to the new market research report "Tilt Sensor Market by Housing Material Type (Metal, and Nonmetal), Technology (Force Balance, MEMS, and Fluid Filled), Vertical (Mining & Construction, Automotive & Transportation, Telecommunications), and Geography - Global Forecast to 2023", is expected to grow from USD 150.8 Million in 2016 to reach USD 260.3 Million by 2023, at a CAGR of 8.17% between 2017 and 2023. The growth of this market can be attributed to the ability of these sensors to provide information on the tilting position of objects, which is crucial in various applications for making decisions related to operations as well as for ensuring safety.

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The report covers the tilt sensor market on the basis of housing material type, technology, vertical, and geography. The said market is expected to be led by tilt sensors with nonmetal housing material during the forecast period. The growth of this market is being propelled by the high demand for tilt sensors with plastic housing material.

The mining and construction vertical accounted for the largest share of the overall tilt sensor market. These sensors are being used in a number of mining and construction equipment and machines such as drilling machines, mobile and stationary cranes, and structural monitoring systems. Hence, the mining and construction vertical has a dominant position in the market.

The tilt sensor based on MEMS technology is expected to witness a significant growth in this market during the forecast period. The small size and low cost of this sensor is the major factor leading to its high growth rate in the said market.

Asia Pacific (APAC) held the largest size of the market in 2016 and is expected to witness the highest growth rate during the forecast period. China, Japan, and India are some of the major countries driving the growth of the said market in APAC. APAC is home to a number of prominent mining and construction, aerospace and defense, and automotive and transportation companies. This is one of the major factors that has led to the dominant position of APAC in the overall market. Moreover, a number of key players operating in the tilt sensor market are based in APAC. This factor has a positive impact on the said market in APAC.

The tilt sensors based on force balance technology have a high accuracy level; however, these sensors are expensive than the tilt sensors based on other technologies such as MEMS and fluid filled. This is one of the major factors limiting the growth of the said market.

Some of the major companies operating in the tilt sensor market are TE Connectivity Ltd. (Switzerland), SICK AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany), and Balluff GmbH (Germany).

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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Harmonic Filter Market by Type (Active & Passive): Growth possibilities, factors, Trends, Key players, analysis and Region - Global Forecast to 2023

There is a high demand for harmonic filters to ensure high power quality by eliminating transients from signals. This can help to save cost and prevent failure in power instruments. Thus, the rising need for high power quality and reliability is the key factor driving the harmonic filter market.

According to the new market research report "Harmonic Filter Market by Type (Active, and Passive), Voltage Level (Low Voltage Harmonic, Medium Voltage Harmonic, and High Voltage Harmonic), Phase, End User, and Region - Global Forecast to 2023", The harmonic filter market is estimated to reach USD 1.12 Billion by 2023, growing at a CAGR of 6.65% between 2017 and 2023.

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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.

Based on voltage level, the low voltage harmonic segment is expected to grow at the highest CAGR of 6.99% during the forecast period. In addition, this segment is estimated to account for the largest share by 2023. The high growth rate of the low voltage harmonic segment is due to the use of these filters in power transmission, distribution as well as in various manufacturing and process industries.

Among end-users, industrial segment accounted for the largest share of the harmonic filter market in 2016. Industrial facilities are the major producers of harmonic currents, as machines generally operate at a very high voltage. Several industries, such as manufacturing, metal processing, automotive, and oil & gas, involve some form of power conversion to run processes that use variable speed drives. Harmonic filters are used for a large number of industrial end uses, such as manufacturing, oil & gas, paper & pulp, and metal processing.

Based on type, the active segment of the harmonic filter market is expected to grow at the highest rate between 2017 and 2023. Active filters use power electronics switching to produce harmonic currents and harmonic components, which cancel harmonics generated from nonlinear loads. These filters are comparatively new, and various new technologies are being proposed to enhance their performance.

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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. 

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Suite 430 

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Geographic Information System (GIS) | Market worth 10.12 Billion USD by 2023 | APAC expected to grow at the highest rate

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 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 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).

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The research methodology used to estimate and forecast this market begins with capturing data on key vendor revenue through the secondary research such as IEEE journals, magazines, and leading players’ newsletters. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the Geographic Information System (GIS) Market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments that have been verified through the primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. 

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