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Wi-Fi Chipset Market Size: A Comprehensive Analysis and Future Projections
The Wi-Fi chipset market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021–2026
Key Market Players
The Wi-Fi chipset market was dominated by Qualcomm Technologies, Inc. (US), Broadcom Inc. (US), MediaTek Inc. (Taiwan), Intel Corporation (US), Texas Instruments Incorporated. (US).
The major factors driving the growth of the Wi-Fi chipset market are Growing number of public Wi-Fi hotspots, adoption of Internet of Things (IoT), growth of Wi-Fi in enterprise and business, rising need for faster data transfer and significant increase in the internet penetration rate. However, several factors, such as the decline in the shipment of tablets and PCs over the last few years and long standardization and certification time, are hindering the growth of the Wi-Fi chipset market. Moreover, increase in coexistence issues with LTE in LTE-U due to the use of 5 GHz band is a major challenge for Wi-Fi chipset manufacturers.
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MU-MIMO configuration is projected to witness the highest CAGR for the forecast period
MU-MIMO are expected to hold a major share during the forecast period. The growing penetration of MU-MIMO Wi-Fi chipsets in enterprise and consumer access point equipment is expected to be the major driver for its growth during the initial years of commercialization. The adoption of these chipsets in smartphones, 4K TVs, and gaming consoles is expected to accelerate the growth of the MU-MIMO Wi-Fi segment during the latter half of the forecast period.
802.11ax to account for largest share of Wi-Fi chipset market during forecast period
802.11ax is expected to witness rapid growth in the overall Wi-Fi chipset market. This standard is expected to offer the highest spectral efficiency among all other existing IEEE 802.11 standards and is predicted to have a top speed of around 10 Gbps (as tested by Huawei Technologies Co. Ltd (China)). However, to meet the emerging demands for faster speed, a new amendment standard—IEEE 802.11be – Extremely High Throughput (EHT), also known as Wi-Fi 7—is anticipated to be released in March 2021. This new additional 6 GHz band with new features, including speeds up to 320-MHz bandwidth, will help achieve the target of EHT—a maximum throughput of at least 30 Gbps. It will find applications in high-throughput and low-latency services, such as 4K/8K video streaming, AR/VR applications, and online gaming.
Tri band will have highest growth in coming years
The tri band segment is expected to account for a 24% share of the overall Wi-Fi chipset market by 2026. The high growth of the tri-band Wi-Fi chipset segment is attributed to the use of 802.11ac in smartphones and Wi-Fi access point equipment. The upcoming 802.11ax or Wi-Fi 6 is expected to provide 160 MHz channel widths to accommodate data-hungry applications over the 6 GHz band; it could lead to the adoption of Wi-Fi 6 and next-generation security of WPA3
Consumer electronics vertical is expected to hold the largest share in 2026
With the emergence of several smart appliances that can connect to the internet and smartphones, the IoT technology market for the consumer electronics segment is expected to witness healthy growth, and so is the Wi-Fi chipset market. Therefore, it tends to hold the major share of the Wi-Fi chipset market during the forecast period. Similarly, wide coverage range, fewer access points, minimized costs, and simplified network deployment are the factors fueling the demand for Wi-Fi 6 in enterprises, which was the second-largest market for Wi-Fi chipsets in 2020.
APAC is attributed to grow at the highest CAGR in the Wi-Fi chipset market during ther forecast period (2021-2026)
APAC accounted for the largest share of the global Wi-Fi chipset market and is expected to become the largest market for Wi-Fi chipsets by 2026, accounting for an estimated 50% share of the market, in terms of volume There are several consumer electronics product manufacturers operating in China, South Korea, and Japan, such as Samsung Electronics Co. Ltd. (South Korea), Huawei Technologies Co. Ltd. (China), ZTE Corporation (China), and Sony Corporation (Japan). The large pool of consumer electronics manufacturers and low-cost manufacturing of Wi-Fi chipsets in China have led to the largest share of Asia Pacific in the Wi-Fi chipset market.
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Smart Card Market Size, Share, Trends, Opportunities 2026
The Smart Card Market size is estimated to be USD 13.9 billion in 2021 and projected to reach USD 16.9 billion by 2026, at a CAGR of 4.0% during the forecast period.
Increase in the demand for contactless card (tap-and-pay) payments amid COVID-19, proliferation of smart cards in healthcare, transportation, and BFSI verticals; and increased penetration of smart cards in access control and personal identification applications. These factors will drive market growth through the end of the forecast period. Moreover, surged benefits offered by smart cards in form of multifunctionality and flexibility; and easy access to e-government services and risen demand for online shopping and banking will drive the demand of smart cards in the near future.
A few of the key players in the smart card market are Include Thales Group (France), IDEMIA (France), Giesecke + Devrient GmBH (Germany), CPI Card Group (US), HID Global Corporation (US), Watchdata (China), Eastcompeace (China), Inteligensa (US), ABCorp (US), and CardLogix (US) are among the major players in the smart card market.
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The contactless segment to account largest market share during the forecast period owing to rising need for tamper-resistant systems.
In order to communicate with readers, a contactless smart card incorporates a smart card secure microcontroller or equivalent intelligence, internal memory, and a small antenna. Near-field communication (NFC) or radio frequency identification (RFID) are primarily used for contactless smart cards. As a result of COVID-19, the World Health Organization (WHO) and many governments around the world are advocating the use of contactless smart cards for a variety of purposes to ensure social distancing to contain the spread of the disease. Users benefit from the ease, speed, and convenience of contactless smart cards. Due to its ability to facilitate safe and secure transactions without physical contact, the contactless interface has become highly relevant in the current COVID-19 environment, especially for payment applications.
Telecommunications segment likely to hold largest share in the smart card market during the forecast period due to Increasing penetration of high-end SIM card technologies
Microcontroller-based smart cards such as subscriber identity modules (SIMs), are used in mobile phones and other devices that require identification. In a wireless cell phone network, a SIM identifies and authenticates subscribers. The telecommunications segment dominated the smart card market in 2020 with highest market share. Mobile networks are expanding globally and their infrastructure is improving, boosting market growth. In addition, COVID-19 led to a higher demand for connectivity. During the current economic crisis, the trend of digitalizing business and private communication has gained momentum, along with the generalization of digital conferences. The growth of the mobile SIM card market in the coming years is expected to be boosted by the penetration of high-end SIM card technologies, such as LTE, 5G, M2M, and SWP.
Europe to account for the second largest share of the smart card market by 2026
Europe has witnessed rapid adoption of state-owned healthcare and health insurance systems than the most developed countries across the world. The European Commission has mandated the use of cards as a replacement to E- 111 paper forms for cross-border healthcare services, which has led to the growth of the smart card market in Europe. The region comprises economically and technologically advanced countries, such as the UK and Germany. The UK, France, and Germany are the major markets for smart cards in Europe. The increasing circulation of smart cards and terminals by card companies, such as Visa and MasterCard, has led to a growth in total spending in these countries.
Government initiatives for electronic identity (e-ID) card schemes are expected to propel the Government and Healthcare vertical to grow at the highest CAGR in the coming years in Europe. Due to a rise in identity fraud cases, European governments have mandated the use of National Identity Card for citizens. For instance, in the UK, in 2019, identity fraud cases reached 223,163. Therefore, it is expected to increase the adoption of smart cards in the coming years in Europe.
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Medical Electronics Market Size, Share & Industry Growth
The Medical Electronics Market is expected to reach USD 8.8 billion by 2026 from USD 6.3 billion in 2021, at a CAGR of 6.9% during 2021-2026 period.
The rapid growth of the global medical electronics market is attributed to the some of the driving factors such as the aging population and increasing life expectancy , increasing adoption of IoT-based smart medical devices, escalating demand for portable medical devices and wearable electronics, growing use of radiation therapy in diagnosis and treatment of diseases and existing favorable healthcare reforms and financial assistance by governments for senior citizens .
The report profiles key players such as Analog Devices (US), Texas Semiconductor (US), TE Connectivity (Switzerland), Medtronic (Ireland), ST Microelectronics (Switzerland), NXP Semiconductor (Netherlands),Cypress Semiconductor Corporation (US),Maxim Integrated Products (US),ON Semiconductor Corporation (US),Renesas Electronics Corporation (Japan),and Microchip Technology (US).
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Sensors to hold largest market share during forecast period in the medical electronics market
Sensors accounted for the largest market size for different components in the medical electronics market. The reduction in the size of sensors and the adoption of MEMS technology have opened new application areas for sensors, thereby surging the demand for these sensors. The market for flow sensors is projected to grow at the significant rate during the forecast period owing to the rising demand for ventilators, respiratory systems, and other life support systems due to COVID-19.
Minimally invasive medical devices is expected to witness the highest growth rate during the period 2021 and 2026
The minimally invasive medical devices are expected to show the highest growth rate during the forecast period. Minimally invasive medical devices have transformed surgical procedures by reducing the size of the incision, shortening or eliminating hospital stays, and improving recovery time and overall outcome of the patients. Minimally invasive procedures involve the use of laparoscopic, endoscopic, or catheter-based solutions, which are becoming more common.
Americas to hold largest share of medical electronics market during forecast period
The Americas holds the largest share in the global medical electronics market. The major factors driving market growth include the increasing adoption of connected medical devices, the growing use of technologically advanced medical imaging devices, the rising influence of disruptive technologies such as IoT and AI in the healthcare sector. Factors such as the rise in the geriatric population, presence of advanced healthcare infrastructure, and high healthcare expenditure are supporting the growth of the medical electronics market in the Americas.
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Micro Server IC Market Size, Share, Outlook & Trends Analysis
The Micro Server IC Market is estimated to be USD 1.2 billion in 2021 and is projected to reach USD 2.2 billion by 2026; it is expected to grow at a CAGR of 12.6% from 2021 to 2026.
Low power consumption and low space utilization of micro servers, growth in the trend of cloud computing and web hosting, and emergence of hyperscale data center architecture are the major factors driving the growth of the micro server IC market. Increasing need for new data centers across emerging regions and rising importance of edge computing and micro data centers are projected to create lucrative opportunities for the players operating in the micro server IC market during the forecast period.
The micro server IC market includes players like Intel Corporation (US), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), Quanta Computer Inc. (Taiwan), and NVIDIA Corporation (US). These players have strong market presence for leak detection solutions across various countries in North America, Europe, APAC, and RoW.
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Growth in trend of cloud computing and web hosting to boost the market for micro server IC
The increasing demand for cloud and web-based services is driving the server market to deliver huge amounts of content for users across the world. These services related to web hosting or web browsing over the internet do not require high computation capability, which creates the need for low-processing power machines, thus driving the market for micro servers. Web hosting companies are prime candidates for micro server use for carrying out lightweight computing tasks. According to Hewlett Packard Enterprise, the increasing concern for data security is prompting organizations to have their own data centers; therefore, companies are taking an interest in micro servers. In addition, organizations are shifting toward cloud-related services to reduce their infrastructure and maintenance costs. Thus, with organizations increasingly opting to host applications and content over the cloud, the demand for low power consuming and highly scalable servers is growing, which is driving the micro server IC market.
Hardware segment is expected to lead the market during the forecast period
Hardware constitutes the main part of a micro server. The micro server hardware consists of many components, including a processor, network interface cards (NICs), peripheral component interconnect express (PCIe), graphics processing units (GPUs), memory, storage, and I/O controller. Players such as Intel and ARM are focusing on improving the capability of ICs by integrating more components into SoCs, such as memory, processor, and storage. The pressure to support billions of devices and users is changing the composition of data centers. Vendors are focusing on innovating new technologies for providing compact hardware solutions that OEMs require to build micro servers. SoC providers are focusing on creating new technologies such as integrated Gigabit Ethernet and new controllers to reduce the power consumption of the micro servers running on them.
Web hosting and enetrpise applications to hold the largest market size of micro server IC market during the forecast period
Web hosting is a type of SaaS hosting solution that allows applications to be available from remote cloud infrastructure and to be accessed by users globally through the internet. Micro servers are ideal for web hosting, video streaming, downloads, social networking, and handling corporate logins, among other things. Micro servers are also used widely across enterprise applications as they are easy to configure, offer the reliability of a more robust server, and are powerful enough to handle many small business tasks.
Micro server IC market in APAC to grow at the highest CAGR during the forecast period
APAC is expected to be the fastest-growing region for the micro server IC market due to major driving factors such as increasing demand for hyperscale data centers, increased media consumption and storage, rising number of internet users, and emerging technologies such as cloud computing and edge computing. APAC poses a great potential for the micro server industry due to the high growth of internet datacenters in this region. The 2 countries that stand out in this region are Japan and China. Global giants such as Facebook, Amazon, Alibaba, and Baidu have already established their data centers in this region and are planning to expand their dominance in other regions.
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Terminal Management System Market Size Trends Forecast Research
The terminal management system market was valued at USD 725.5 Million in 2016 and is expected to reach USD 1097.7 Million by 2023, at a CAGR of 5.94% between 2017 and 2023.
Major players operating in the terminal management system market include ABB Ltd. (Switzerland), Honeywell International, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric (France), Emerson Electric Corporation (US), Endress + Hauser AG (Switzerland), General Atomics Corp. (California) and Implico GmbH (Germany).
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The implementation of terminal management solution in brownfield terminals reduces operational costs, and the integrated safety and security solutions enhance the level of automation at a terminal.
Brownfield terminals expected to grow at a high rate during the forecast period
Traditional terminal infrastructure such as pipeline connections, tanker berths, and other components is already present, and therefore the automation of such existing terminals by integrating software will help increase the number of brownfield projects.
The key reason attributed to the growth of services in the terminal management system market is the growing awareness for installing automation solutions and the need for providing services, such as training and maintenance, to improve the operational efficiency of terminals and make them more efficient.
For instance, in July 2013, ABB Ltd. (Switzerland) received a contract from Amec Foster Wheeler plc (UK) to automate the bulk inventory operations management of the chemicals complex in Saudi Arabia. As per the contract, ABB Ltd. deployed its T-MAC Plus system to optimize operations, as well as increase energy efficiency, safety, and control with a scalable solution.
Terminal management system market in APAC likely to grow at a high CAGR during the forecast period
Key factors contributing to the growth of terminal management system market in APAC is the increase in the number of terminal automation projects in countries such as India, Malaysia, and the Philippines. For instance, in June 2015, Yokogawa Electric Corporation (Japan) received a contract worth approximately USD 11 million from Bharat Petroleum Corporation Limited (India) to automate its truck-loading terminals. According to the contract, Yokogawa Electric Corporation provided its terminal logistics suite, a terminal automation system (TAS), to truck loading terminals of Bharat Petroleum Corporation Limited in India.
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Frequency Synthesizer Market Size, Share, Scope, Trends
The frequency synthesizer market, in terms of value, is expected to be valued at USD 1,446.3 Million by 2022, growing at a CAGR of 6.56% between 2017 and 2022. In terms of volume, the market is expected to register a shipment of 1,457.0 thousand units by 2022.
The frequency synthesizer market ecosystem includes the manufacturers such as Ultra Electronics (U.K.), Texas Instruments Inc. (U.S.), Analog Devices Inc. (U.S.), National Instruments (U.S.), Qorvo, Inc. (U.S.), FEI-Elcom Tech Inc. (U.S.), and Sivers IMA AB (Sweden).
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Frequency synthesizers are key devices having applications in various sectors such as research and measurement, military and aerospace, and telecommunications. The key features of these devices are high signal clarity, low phase noise, high switching speed, and wide output frequency range. The availability of RF capable ICs and chips and an increase in adoption of mobile phones have contributed to a significant growth of the market. The reduced form factor of the RF capable ICs and chips easily enable integration. The wider adoption of mobile phones directly relates to the wider outreach of the telecommunications sector where frequency synthesizers are key components.
Telecommunications application is expected to dominate the frequency synthesizer market during the forecast period
The telecommunications application constituted the largest share of the frequency synthesizer market in 2016 and is expected to grow at a considerable rate between 2017 and 2022. The dominance of telecommunications sector in the market is due to the widespread usage of various telecommunications technologies and the continuous evolution in the technologies deployed in the market. The upcoming 5G technology is expected to contribute significantly toward the growth in the market.
Analog type frequency synthesizers held the largest market share in 2016
The analog frequency synthesizers are expected to hold the largest share and dominate the frequency synthesizer market between 2017 and 2022. The comparatively enhanced signal clarity than that of digital type synthesizers and better phase noise performance is expected to contribute toward more popular adoption of the analog frequency synthesizers in the market.
North America expected to hold the largest market share, and RoW is expected to grow at the highest rate
North America is expected to hold the largest share and dominate the frequency synthesizer market between 2017 and 2022. A considerable number of frequency synthesizer vendors are based in the U.S., and there is an increase in investment to upgrade telecommunications, military and research equipment, which would contribute toward the market growth in the region. However, the frequency synthesizer market in RoW, consisting of the Middle East and Africa, and South America, is expected to exhibit the highest growth rate on the back of rapidly expanding telecommunications sector in the region and increasing expenditure from the governments to upgrade the electronic equipment of military.
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Sensor Hub Market Size, Share Analysis and Forecast
The sensor hub market was valued at USD 9.87 Billion in 2016 and is expected to reach USD 32.53 Billion by 2023, at a CAGR of 18.9% during the forecast period.
The sensor hub market is driven by factors such as the steady growth in the number of integrated sensors in smartphones and the increasing use of 6-axis and 9-axis sensor solutions or use of sensor fusion within devices.
Major players involved in the sensor hub market include Microchip Technology, Inc.(US), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), NXP Semiconductors N.V.(Netherland), RoHM Co. Ltd. (Japan), Analog Devices, Inc.(US), InvenSense, Inc. (US), Intel Corp (US), Infineon Technologies AG (Germany), RoHM Co. Ltd. (Japan) and Memsic, Inc. (US).
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Application sensor processor segment expected to be the largest market during the forecast period
The application sensor processor segment is anticipated to hold the largest share in the sensor hub market. This solution reduces the cost of the system by eliminating the need for a separate sensor data processor and reducing design built complexities. Discrete sensor processor is expected to hold second-largest share in the sensor hub market during the forecast period. This growth is attributed to the extensive use of discrete sensor processors in wearable devices.
Consumer electronics end-use application expected to grow at the highest CAGR between 2017 and 2023
The sensor hub market for the consumer electronics end-use application is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing use of sensors in consumer electronics devices, including smartphones, tablets, wearables, and gaming equipment. The sensor hub technology is used in these devices to provide logical on-loading and offloading of different sensors used for various applications such as gesture recognition, image stabilization, navigation, and motion-based gaming.
North America dominated the sensor hub market in 2016
North America is home to some of the prominent companies in the overall sensor hub market including Microchip Technology, Inc. (US), Analog Devices, Inc. (US), Qualcomm Incorporated (US), Intel Corporation (US), Acuity Brands (U.S.), Memsic, Inc. (US) and Texas Instruments Inc. (US). This is the major reason for its dominance in the sensor hub market. Growing demand for home automation products and health monitoring devices are the factors boosting the growth of the sensor hub market in the US. North America is an important hub for consumer electronics products, especially smartphones and wearable devices, which prominently use the sensor hub technology. This region has the highest number of end users for healthcare wearable devices. This market is expected to grow at a steady pace during the forecast period.
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Flexible Display Market - Technology, Size & Manufacturers
The Flexible Display Market is projected to grow from USD 2.7 billion in 2016 to USD 15.1 billion by 2022, at a CAGR of 34.4% between 2017 and 2022.
Growth of this market is driven majorly by a technological shift, the development of energy-efficient, attractive, high-specification products, and the rising demand for smartphones, smartwatches, wearables, televisions, PC monitors, and laptops.
Major players operating in the flexible display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Japan Display, Inc. (Japan), and BOE Technology Group Co., Ltd. (China), among others.
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The smartphones and tablets segment accounted for the largest share of the flexible display market in 2016
The smartphones and tablets segment accounted for the largest share of the market in 2016. Smartphones have LED-LCD and OLED-variant–based display panels, and tablets are extended forms of smartphones and are equipped majorly with LED-LCD display panels. Various smartphone and laptop manufacturing and supplying companies have entered the tablet market due to the high demand in the consumer market. The use of flexible displays in smartphones and tablets makes these more durable, as they offer stylish designs and better ergonomics to operate these devices. The market for smartphones and tablets is growing significantly, owing to the increasing demand for hand-held devices around the world. This trend is expected to continue during the forecast period.
The OLED technology segment is projected to grow at the highest CAGR during the forecast period
The Organic Light-emitting Diode (OLED) technology segment is expected to grow at the highest CAGR between 2017 and 2022. OLED is a display technology used in various devices, including smartphones, tablets, laptops, smartwatches, and wearables. For example, OLEDs are used in mobile phones, digital cameras, VR headsets, tablets, laptops, and televisions. OLED has the potential to revolutionize the future of display as it is made of carbon and offers various advantages, such as low power consumption, fast response time, and flexibility.
North America accounted for the largest share of the market for flexible display in 2016
North America accounted for the largest share of the market in 2016, followed by the Asia Pacific and Europe. The US accounted for the largest share of the market in North America in 2016. Flexible displays are used majorly in smartphones, tablets, smartwatches, and wearables. Leading companies offering devices and components include Apple, Inc. (US) and Corning Incorporated (US), which are based in North America, and this factor has helped the growth of the flexible display market in the region.
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Mobile Engagement Market: Global Industry Analysis and Forecast
The mobile engagement market will be valued at USD 4.44 Billion in 2017 and is expected to reach USD 38.70 Billion by 2023, at a CAGR of 43.46% between 2017 and 2023.
Major players operating in the mobile engagement market include IBM (US), Salesforce (US), Oracle (US), Adobe (US), Vibes Media (US), Selligent (Belgium), Urban Airship (US), Appboy (US), Localytics (US), Swrve (US), Tapjoy (US), and Marketo (US).
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The increasing use of mobile device applications and growing focus toward mobile first strategy are among the factors driving the growth of the market. The increased adoption of mobile first approach has enabled in-depth understanding of brands and consumers, meeting consumer needs through mobile devices, and communicating value proposition effectively. The mobile app offers a platform to vendors for utilizing location data, together with search history, to provide a contextual, omnichannel experience across mobile devices.
SMEs expected to grow at a high rate during the forecast period
The key factor driving the growth of SMEs in the mobile engagement market is the increasing number of vendors that are likely to come up with solutions specifically to cater to the demands of SMEs. This is expected to help these businesses go mobile and start making use of digital marketing to drive traffic and increase sales.
Retail vertical expected to hold the largest share during the forecast period
Key factors contributing to the growth of the mobile engagement market in the retail vertical is the increased adoption of smartphones and tablets, and the use of mobile internet to offer great opportunities to retailers to effectively market their products and services.
Mobile engagement market in the North America expected to hold the largest share in 2016
North America is expected to hold the largest market share in 2016 owing to the increased adoption of mobile wallets among customers, which enables communication with brands about sales, offers, coupons, and loyalty programs. The market for mobile engagement in APAC is expected to grow at the highest CAGR during the forecast period and surpass North America by 2023.
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Understanding Noise: Noise Monitoring Market Size, Share, and Forecast
The Noise Monitoring Market is expected to be valued at USD 806.5 Million by 2023, at a CAGR of 4.1% between 2017 and 2023
The report also profiles the most promising players in this market. The key players in this market are Svantek (Poland), RION Co. Ltd. (Japan), Bruel & Kjaer (Denmark), Cirrus Research Plc (UK), Extech Instruments (US), Pulsar Instruments (UK), 3M (US), Nti-Audio (Liechtenstein), Castle Group Ltd. (UK), SKF Group (Sweden), Kimo Instrument (Japan), B&K Precision Corporation (US), HT Instruments (Germany), 01dB (ACOEM Group) (France), SINUS Messtechnik GmbH (Germany), CESVA INSTRUMENTS SLU (Spain), Testo SE & Co. KGaA (Germany), and Casella Inc. (US).
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The major factors driving the growth of the noise monitoring market include the growing occupational hearing impairment in industries, stringent government policies, demand for reducing noise pollution in urban areas, need for noise monitoring systems at airports to optimize profit and capacity, rising installation of all-in-one environmental monitoring solutions, and requirement of noise monitoring infrastructures in mining, wind plant, petrochemical industry, and harbor.
Permanent noise monitoring expected to hold the largest market by 2023
Permanent noise monitoring held the largest share of the noise monitoring market in 2016. This can be attributed to the wide installation of permanent noise monitoring in places where regular measurement is backed by stringent government policies. Also, permanent noise monitoring is used mainly for real-time noise monitoring.
Cellular connectivity market for noise monitoring to grow at the highest rate during the forecast period
The cellular connectivity for the noise monitoring market is likely to grow at the highest rate during the forecast period. The market is showing a high growth because noise monitoring helps companies and consultants remotely transfer noise data to the central system or cloud storage and reduces the data transfer time.
Europe likely to hold the largest share of the noise monitoring market during the forecast period
Europe is expected to hold the largest share of the noise monitoring market during the forecast period owing to the presence of major companies such as Brüel & Kjær (Denmark), SKF Group (Sweden), Svantek (Poland), Norsonic (Norway), Delta OHM (Italy), and Libelium Comunicaciones Distribuidas (Spain), providing noise monitoring solutions to customers in countries such as the UK, France, Germany, Denmark, Sweden, Spain, and others. The governments in Europe are very stringent regarding adherence to noise policies. The manufacturing companies in this region need to regularly monitor the noise level to avoid heavy penalties.
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Market Size and Share: Global Instrument Cluster Market Analysis
The instrument cluster market, the overall market is estimated to be worth USD 9.02 Billion in 2018 and is expected to reach USD 10.72 Billion by 2023, at a CAGR of 3.5% between 2018 and 2023.
Increasing vehicle production worldwide and stringent government regulations for vehicle and passenger safety across the globe are the major drivers for the growth of the instrument cluster market.
Major players profiled in the instrument cluster market report are Continental (Germany), DENSO (Japan), Visteon (US), Nippon Seiki (Japan), Magneti Marelli (Italy), Aptiv (UK), Calsonic Kansei (Japan), Pricol (India), Robert Bosch (Germany), and Yazaki (Japan). The report also includes profiles of companies such as Alpine Electronics (Japan).
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Hybrid instrument cluster expected to hold a major share during the forecast period
Hybrid instrument cluster led the market in 2017. Hybrid instrument clusters are used in various vehicles, such as two-wheelers, passenger cars, buses and coaches, among others. The increasing adoption of hybrid instrument clusters for passenger cars and commercial vehicles is expected to drive the market during the forecast period. The increasing sales of passenger and commercial vehicles will simultaneously increase the demand for hybrid instrument clusters.
Two-wheeler expected to grow at a high CAGR between 2018 and 2023
Two-wheeler is expected to grow at the highest CAGR during the forecast period. APAC is the leading two-wheeler market, with the major demand driven by China and India. Globally, India was the leading country in 2016-17 for the sales of two-wheelers (17.7 million units), followed by China (Source: Society of Indian Automobile Manufacturers and China Association of Automobile Manufacturers). Factors such as large middle-class population, young population, launches of new models, increase in per capita income, and changing lifestyles increase the consumption tendency of customers, thus acting as driving factors for increased buying preference for passenger cars and two-wheelers. Greater fuel efficiency is also one of the major factors that affect consumer purchase decision. This will compel leading companies across two-wheelers segment to focus on delivering performance-oriented vehicles.
APAC expected to hold a major share of instrument cluster market between 2018 and 2023
Asia Pacific is expected to hold the largest share of the instrument cluster market during the forecast period. In APAC, China is expected to be the major contributor for the instrument cluster market between 2018 and 2023. This is due to the increasing sales of different types of vehicles such as passenger cars, two-wheelers, and commercial vehicles. The automotive industry in Asia Pacific has been very dynamic over the past few years, owing to changing consumer preferences, rapid urbanization, increasing per capita income of the middle-class population, and low vehicle cost. The region is known for producing compact and cost-effective cars and comprises some of the fastest-developing economies of the world, including China and India.
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InGaAs Camera Market: Key Players and Industry Profiles
The InGaAs Camera Market is expected to be valued at USD 132.6 Million by 2023 from USD 78.5 Million in 2017, at a CAGR of 9.1% between 2017 and 2023.
The major factors driving the growth of the InGaAs camera market include high demand for line scan InGaAs cameras for machine vision applications, high penetration of InGaAs cameras in military and defense, and increasing demand for InGaAs cameras in security, surveillance, and firefighting.
The key players in the InGaAs camera market are Hamamatsu (Japan), First Sensor (Germany), Jenoptik (Germany), Teledyne Technologies (US), Luna (US), Lumentum (US), Laser Components (Germany), Albis Optoelectronics (Switzerland), Thorlabs (US).
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Uncooled cameras expected to hold the largest market share by 2023
Uncooled cameras dominate the overall InGaAs camera market as they find major applications in the field of military, defense, and aerospace; industrial inspection; food inspection; telecommunications; and spectroscopy. Their low cost makes them a better choice for many applications. Non-destructive testing and adoption of automation in industries are expected to propel the growth of the market for uncooled cameras as they are widely used in the machine vision application. Cooled cameras are only used in applications where better accuracy is required.
Line scan cameras expected to grow at the highest rate between 2017 and 2023
The market for line scan cameras is expected to register a higher CAGR. This growth can be attributed to the use of line scan cameras in machine vision applications. Line scan cameras are primarily used in applications where there is a requirement for capturing the images of fast-moving objects. These cameras are beneficial for various applications in different verticals including semiconductor, food and beverages, and industrial. Some of the applications of line scan cameras are silicon wafer inspection, silicon luminescence detection, food inspection, and noncontact thermal imaging of hot objects.
North America expected to hold the largest share of the InGaAs camera market during the forecast period
North America is expected to hold the largest share of the InGaAs camera market during the forecast period. The presence of prominent players in the field of military and defense, scientific research, and industrial automation in North America is driving the growth of the InGaAs camera market in this region. High spending on military and defense is further expected to propel the InGaAs camera market in North America.
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Wireless Data Radio Modem Market Size - Industry Trends and Forecast to 2030
The Wireless Data Radio Modem Market is expected to grow from USD 594.4 Million in 2018 to USD 724.1 Million by 2023, at a CAGR of 4.03% between 2018 and 2023.
The growth of the wireless data radio modem market is driven by the growing demand for radio modems in agricultural drones and surveys, dominance of radio modems in SCADA and telemetry applications, and low operational costs and more power-efficiency of private radio networks using radio modems. Moreover, increase in the number of exemptions for the use of UAV drones in the commercial applications is the major opportunity for the growth of the market.
The major players in the wireless data radio modem market include SATEL OY (Finland), Motorola Solutions (US), Schneider Electric (France), Digi International (US), Pacific Crest (US), Advantech B+B SmartWorx (US), FreeWave Technologies (US), Cohda Wireless (Australia), Campbell Scientific (US), and Harris Corporation (US).
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General-purpose wireless data radio modems expected to hold larger size of wireless data radio modem market between 2018 and 2023
The long life cycle of radio modems in the enterprise, due to dedicated spectrum and longer battery life, is expected to propel the growth of the general-purpose radio modem market during the forecast period. Moreover, the demand for radio modems is increasing as these modems require minimal infrastructure for facilitating communication and ensuring the delivery of data, in the form of voice and video, in the most cost-effective and reliable manner.
Wireless data radio modem market for long range to grow at higher CAGR between 2018 and 2023
The long-range wireless radio data modem for 910 MHz/2.4 GHz is designed with unmatched radio frequency (RF) performance and for extremely robust long-range frequency hopping. It is the most robust and cost-effective means of the industry for providing embedded long-range data communications between industrial serial communication devices.
Wireless data radio modem market in APAC to grow at highest CAGR between 2018 and 2023
This report segments the market into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The growth of the wireless data radio modem market in APAC is attributed to the increasing adoption of radio modems with the development of the transportation infrastructure, and mining and utilities industries in the region. The major countries in APAC such as India and China have started recognizing ITS as a crucial tool to solve social, economic, and environmental problems caused by traffic congestion, air pollution, and increased greenhouse gas emissions.
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eSIM Market Size, Share & Trends Analysis Report, 2030
The eSIM market is estimated to grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0% between 2018 and 2023. The growth is attributed to the emphasis on remote SIM provisioning for M2M, favorable government regulations boosting M2M communication, and high adoption of IoT technology.
Major players operating in the eSIM market include Deutsche Telekom AG (Germany), Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NTT DOCOMO, INC. (Japan), NXP Semiconductors N.V. (Netherlands), Sierra Wireless, Inc. (Canada), Singapore Consumer Electronics Limited (Singapore), STMicroelectronics (Switzerland), and Telefónica, S.A. (Spain).
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ESIM market for the smartphone application to grow at the highest rate between 2018 and 2023
The growing demand for high-bandwidth applications and rising persistent connectivity on smartphones are likely to spur the growth of the eSIM market for the smartphone application during the forecast period. Smartphone vendors are endeavored to bring eSIM into their smartphone offerings to gain a competitive edge in the market. For example, Google LLC (US) launched Pixel 2 and XL models with eSIM in October 2017. After Google, major giants such as Apple Inc. (US) and Samsung (South Korea) are expected to integrate eSIM into their flagship smartphones, and this trend is likely to be followed by key smartphone manufacturers such as Huawei Technologies Co., Ltd. (China), OPPO Electronics Corp. (China), and Xiaomi Inc. (China).
Consumer Electronics vertical leads the eSIM market between 2018 and 2023
ESIM offers ease of roaming or switching. In addition, it is expected that the adoption of eSIMs will reduce carrier replacement barriers. This is likely to increase the competition among telecom operators, thereby benefitting consumers. The rising adoption of high-speed data transfer technologies such as 4G and 5G, increasing social engagement activities across the world, and ongoing technological advancements are primarily driving the adoption of eSIMs in the consumer electronics vertical.
North America is anticipated to lead the eSIM market by 2023
North America is a forerunner in the adoption of technological advancements across a myriad of verticals, such as automotive; energy and utilities; manufacturing; retail; Consumer Electronics; and transportation and logistics. These advancements are primarily aimed to deliver compact and low-power consumption products. Owing to this, North America is anticipated to lead the eSIM market during the forecast period. In addition, North America is a key region in the development and evolution of M2M technology. This region is home to some of the major multinational companies catering to the M2M market. Owing to this, North America is likely to dominate the eSIM market by 2023.
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What is the Future Trends of Next-Generation Network Market?
The next-generation network (NGN) market to grow from USD 21.86 billion in 2018 to USD 32.81 billion by 2023, at a CAGR of 7.0% from 2018 to 2023.
Cisco (US), Huawei (China), ZTE (China), Ericsson (Sweden), Nokia (Finland), Juniper Network (US), NEC Corporation (Japan), Samsung Electronics (South Korea), IBM (US), Ciena Corporation (US), Hewlett Packard Enterprise (US), AT&T (US), ADTRAN (US), TELES (Germany), KPN International (Netherlands), Infradata (Netherlands), PortaOne (Canada), TelcoBridges (Canada), CommVerge Solutions (Hong Kong), and Extreme Networks (US) are among the major players in the NGN market.
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Demand for high-speed services, increase in public private partnerships for NGN developments, and low operational cost are among the driving factors for the growth of the market.
Telecom service provider to hold major share of NGN market during forecast period
Telecommunications companies are increasingly adopting NGN to meet the growing requirements for high-speed data services. The exponential growth in IP and mobile data traffic has been the major reason for the increasing adoption of NGN in the telecommunications industry. As the number of smartphone and tablet users increases day by day, demand for high-speed data services grows significantly. Also, the rising trend of Voice over Internet Protocol promotes telecommunications companies to provide services pertaining to quality as well as the quantity of data. Many companies in this industry proactively provide NGN products and services and are likely to transform traditional network to high-speed packet-based NGN.
Market for hardware to hold major share of NGN market from 2018 to 2023
The major hardware devices required for NGN include routers, switches, and gateways. To upgrade traditional network into NGN, the hardware needs to be replaced with advanced capabilities including huge data handling, compatible for software interface, and support legacy network. The growth for hardware offering is primarily attributed to the rise in data traffic in networks and increase in virtualization and technological advancement to reduce OPEX. Moreover, technological advancements and growing IoT and cloud-based services are expected to create opportunities for the NGN market.
APAC to hold major share of NGN market from 2018 to 2023
The growth is attributed to the increasing network upgrade activities in APAC and growing public–private partnerships to offer high-speed data connectivity. APAC consists of the highest number of mobile subscribers, and the number is expected to grow at a faster rate in the coming years. APAC is a diversified region with a range of countries moving toward digital transformation. The NGN market, including 4G, is at a growing stage in APAC driven by a large number of mobile subscribers and huge demand for high-speed data connectivity.
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What are the Major Applications and the Future Trends in the Market for Alarm Monitoring?
The Alarm Monitoring Market was valued at USD 42.88 billion in 2017 and is expected to reach USD 59.83 billion by 2023, at a CAGR of 5.5% during the forecast period.
ADT (US), Moni (US), Honeywell (US), Securitas (Sweden), UTC (US), Schneider (France), Johnson Controls (US), Vivint (US), Vector Security (US), and Bosch (Germany) are some of the major companies dominating the alarm monitoring market.
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Alarm monitoring is a service wherein alarm systems installed in buildings, equipment, or vehicles are professionally monitored by a central monitoring station (CMS). The alarm systems are monitored in lieu of a monthly recurring charge. The CMS alerts security agencies or the property owner incase an alarm is triggered. Alarm monitoring is carried out to detect intrusion, fire, glass break, or rising carbon monoxide levels inside a premise.
The objectives of the report includes forecast of the Alarm Monitoring market size in terms of Offering (Systems Hardware, Services), Input Signal (Discrete, Protocol), Communication Technology (Wired, Cellular, IP), Application (Building, Equipment, Vehicle Alarm Monitoring), and Geography.
The alarm monitoring market by protocol input signal to grow at the highest CAGR during 2017–2023
Protocol inputs are electrical signals, which are formatted into a formal code that represents more complex information than that in case of discrete or analog signals. There are different types of protocols for transmitting telecom alarm data. The most widely used telemetry protocols are open standards such as SNMP, TL1, ASCII, and TBOS. The alarm monitoring market by protocol input signal is expected to grow at the highest CAGR during the forecast period.
The alarm monitoring market by cellular wireless network communication technology to grow at the highest rate during forecast period.
Among all the communications technology of alarm monitoring market, cellular wireless network expected to grow with the highest CAGR during forecast period. Cellular wireless network is increasingly being used for connectivity between control panels and alarm monitoring centers. It is mostly used as a backup system for connectivity incase primary lines go down. With the increasing reliability of cellular networks, the market for cellular wireless network-based alarm monitoring is expected to grow.
North America to hold a major share of the alarm monitoring market in 2016
North America is expected to dominate the alarm monitoring market during the forecast period. North America is in the forefront in the evolution and development of alarm monitoring technology as this region is home to some of the largest multinational corporations in the world. Most leading players operating in the global alarm monitoring market are based in this region. Increased R&D in the field of remote monitoring, home automation systems, and Internet of Things, in terms of new and improved technologies, is a major factor driving market growth in North America.
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Telepresence Robots Market Share Research Report for Next 5 Years
The telepresence robot market is estimated to grow from USD 145.8 million in 2018 to USD 312.6 million by 2023, at a CAGR of 16.5%.
Key players in the market are Double Robotics (US), Inbot Technology (China), Suitable Technologies (US), Mantaro Networks (US), VGo Communications (UK), InTouch Technologies (US), Qihan Technology (China), Amy Robotics (China), Anybots (US), SuperDroid Robots (US), Ava Robotics (US), Camanio Care (Sweden), Wicron (Russia), Xandex (US), Rbot (Russia), AXYN Robotique (France), OhmniLabs (US), Swivl (US), Xaxxon Technologies (Canada), and Hease Robotics (France).
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Market for mobile telepresence robots to grow at higher CAGR during forecast period
The market for mobile telepresence robots is expected to grow at a higher CAGR from 2018 to 2023. The application of stationary telepresence is limited only to particular areas as these robots are used mainly for training purposes in almost every vertical. The mobility is already a major feature of mobile telepresence, and because of its added advantages, these telepresence robots can also find applications in several new verticals, such as defence, surveillance, and security.
Enterprise application held largest share of telepresence robot market in 2017
The enterprise segment accounted for the largest share of the overall telepresence robot market, based on application, in 2017. The large share of this application attributes to the growing use of telepresence robots for interactive and productive business meetings in enterprises with separated participants from different locations. The telepresence robots are the best fit for virtual presence in enterprises.
Americas is a major consumer of telepresence robots
The Americas accounted for a major share of the overall telepresence robot market in 2017. The Americas is the early adopter of all service robots for all major applications such as public relations, personal assistance and caregiving, home care, enterprise, and education, which is resulting in the maximum demand for robots from this region.
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