Speech Analytics Market Dynamics And Demand In Emerging Regions by 2025

31 Oct 2018 - IT & Telecom, BFSI are the major industries in which speech analytics is used. As these industries are growing at a good pace, the global speech analytics market is expected to witness growth in the future. Innovations of solutions are required because of rising demand for risk, compliance management as well as increasing number of contact centers, so these solutions must help companies to understand the changing customer requirements. So this will help to open new roads for the industry for concerned period.

In the U.S., the Dodd-Frank Wall Street Reform in addition to Consumer Protection Act putting pressure on bankers for pulling records of mobile phone transactions so because of this kinds of pressure for protection of intellectual assets for improving efficiency along with agility in operation by using insights in the Voice Of customer (Voc).

Type Insights:

Number of contact centers is using speech analytics solutions all over the world for the applications like compliance management, customer performance management, agent performance management and it also help to gain the market intelligence.
In 2015 the solution segment gained significant market share also it will control the market in the given period. however because of higher adoption it will be expected to witness maturity phase with service segment will gain from this help it for doing well in upcoming nine years. The service segment is expected to grow at the at rate more than 8 % of CAGR in forecasted period. Services are necessary to manage the extensive portfolio of solutions that market offers which help organization to expand business process to gain competitive advantage.

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Deployment Insights:

50% of the total revenue came from the on-premised employment in 2015.system furthermore data was better controlled by On-premise solutions however this segment might witness a sluggish growth because of high cost of deployment methods, requirement of dedicated IT staff for maintenance, requires high-end IT infrastructure as compared to the cloud deployment.
As a result of this edge cloud based deployment segment gained a considerable share in 2015 this will drive high demand in the forecasted period.IT, BFSI, Media & entertainment will drive the demand for cloud deployment options.SMEs are also getting cost effective solutions from the New firms in the market.

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Enterprise Size Insights:

40% of total share came from the SMEs in the year 2015 furthermore it will be expected to grow at a CAGR exceeding 8% in forecasted period. This figure helps to boost speech analytics solution for security systems applications which help to improve customer experience.
Web enabled services, applications help Small and Medium-Sized Business (SMBs) to run their business efficiently. Also cloud analytics will help to increase in the product demand among SMEs.

End-Use Insights:

Telecom sector accounted over 15% share in 2015 and expected to grow more in the forecasted period. the industry using speech analytics has many advantages like hold over infrastructure, ease of issues resolving, increase in productivity, Decrease in stress, time as well as money saving.
Similarly It industry will witness growth because of adoption of speech analytics tool in business process outsourcing (BPO) industry. Speech analytics demand will further enhance because of advancement in the technological tools

Regional Insights:

20% of the total share came from North America in 2015 because of the presence of large number of vendors in the region especially in US. however due to high adoption of the technology in this region, it will show slow growth over the forecasted period.
On the other hand Asia Pacific region is expected to perform good and witness high growth at a CAGR of over 7%.due to high growth rate in this region the leading players in the industry will offer companies in the region innovative solutions.

Competitive Insights:

Only few players are present in this market worldwide in which the major players are Avaya Inc., Nice Systems, verint Systems, Call Miner, nexidia.Genesys.these players are investing large amount in R&D to enhance accuracy along with technological Capability of the product.
Also to gain competitive advantages over the other players in the market they are using tools like strategic alliances. Acquisition of Nexidia by Nice Systems to expand its usage in critical business is a key example.

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Europe Food Can Market Restraint Analysis and Forecast by 2014-2025

31 Oct 2018 - Europe Food Can Market was valued at $10.17 billion in 2015 and is expected to continue with the growing streak due to soaring demand for packaged food. The need of superior packaging alternative can act as a driver this market over a given period. Frequent changes in the price of raw material can act as a barrier in industry growth.

The canned fish products will be in demand because of lifestyle of the consumers in European economics. It is forecasted that that demand for exotic fish and fish products will eventually go up. Spain and Italy are two economies that have high imports of large scale production of canned fish products.
In Europe UK is important market for food can and it will increase at a significant rate observing the consumer demand for packaged products. The dependency of consumer on meat and powdered products packages will have a positive impact on the industry growth.
This market segment will benefit from demand for sustainable natural food and organic food product for their pets. Higher nutrient preservation by such packaging will act as driver for metal packaging for pet food.
The technological advancement has to be considered for the production of new products with superior product dispensing characteristics and increased aesthetic appeal. Another important driver can be higher convenience level with metal packaging.
The market in Europe is characterized by product innovations and production technologies. In addition, the need for increase in the profit margins of can manufacturers promotes investment in the advancement of production technology to reduce raw material requirement and increase production efficiency.

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Product Insights

Over a period from 2016 to 2025, Aluminium food cans are expected to register growth at CAGR of over 2% in comparison with Steel cans. Also they are light in weight and has superior strength. In addition, ease of printing on the product coupled with easier can design modifications is expected to emerge as the major growth drivers.
In European market Steel food cans has a significant market share due to its properties like recyclability and excellent temper resistance. Increase in packaging of single serve meals and edible products can act as driver for high volume demands of Steel cans. However, it is expected to witness limited demand because of Aluminium cans.

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Application Insights

The use of the product for packaging fruits is expected to account for over 25% of the revenue in Europe driven by a high production volume of canned fruits in Russia. The demand for the product by the consumers across the region is expected to be driven by the use in salads and fruit puddings.
Consumption of corned meat has lead to expansion in meat can industry in Europe. Major food cans manufacturer such as Crown holding in france has expanded its business that has lead to growth in segment in the region.
Period from 2016-2025 will notice a growth at a rate of CAGR of over 1% by revenue for ready meals and reason for it is natural likings of consumers from Germany and Russia. Rising demand for fresh cooked food can be a restraint for its growth.

Country Insights

Over a given time period CAGR of over 3% by revenue is a expected market growth in Turkey which makes it a key market for the product. . The demand is expected to benefit from the rapidly changing economic conditions leading to an increase in consumer changing power.
Germany on the other hand accounted over 8% of volume share in Europe by consumption of meat and fish products in the region. Change in consumer preference towards adoption of fresh products has affected a growth by small margin in the region

Competitive Insights

The industry exhibits the presence of a number of large players operating their businesses through high production capacities and an extensive distribution network. The manufacturers in the region lay high emphasis on the research & development for the production of advanced cans to attract the consumers.
The manufacturers provide empty cans to the food processing companies that fill the product either through self-owned filling locations or through third party filling companies. The advantages of a third party filling include the cost reduction in the operations and setting up of the filling channels by the processing companies.
This report forecasts revenue and volume growth at country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025.

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Smart Glass Market Raw material & Technological overview 2025

31 Oct 2018 - The global Smart Glass Market size was valued at USD 2.81 billion in 2016. Smart glass is also known as magical glass or switchable glass. Smart glass changes its transmission properties when heat, light or voltage is applied. Smart glass is used in windows, doors, skylights, and partitions in residential and commercial buildings. Smart glass helps to reduce the cost of heating, lighting and air conditioning.

The market growth is associated with the capacity of the glass to transform light and adjust heat depending on the external environmental conditions. Building owners started displaying an inclination towards adopting this technology, after realizing the long term benefits attributed to energy efficiency.
The industry is achieving heights owing to the development of strict regulations with respect to efficiency of energy and large-scale urbanization in developing countries. Elevated investments in the construction of smart glass in connection with the creation of industrial-scale production capacity, has significantly added towards market growth. Expanding consolidations among technology provider and supplier are nourishing the progress of smart glass as per a wide range of application areas.
Factors like growing usage in marine, aviation and power generation are encouraging industry extension. Growing adoption of green initiatives such as eco-friendly and green buildings, non-electric technologies such as thermochromic, etc. are the factors that are driving the growth of the industry. In the replacement market, shifting demand towards active smart glass from passive smart glass design is adding stress to the acceptance of the products.
Due to the rising recognition of the advantages of smart glass over a plain glass in the body of automobiles and airplanes, there has been a growth in the adoption of smart glasses in the automobile and aircraft industries. In addition, development of creative solutions had led to the growth of smart windows in the architectural sector. Government support and initiatives are also adding to the industry demand.

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Technology Insights

On the basis of technology, the market is segmented into SPD (Suspended Particle Devices) Electrochromic, PDLC, and Thermochromic. SPD held a market share of around 40% in 2016. SPD is an electrochromic glass that can be tuned, manually or automatically to control the light, heat, and glare entering the premises. The growth of SPD glasses can be traced to its high electricity saving capabilities.
Electrochromic glass applies the electrochromism principle, which allows the materials to change the color or opacity when a burst of charge is applied. Electrochromics and SPD are used commonly in automotive and architecture applications. Thermochromic is used for power generation application.

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Due to the increased attention on the use of ‘Green Energy,' the North America and European regions are predicted to come up as the leading markets for liquid crystal (LC) smart glass. Besides, the high durability and quick light control capacity of liquid crystal smart glass is anticipated to increase the demand throughout the forecast period.

Application Insights

On the basis of application, smart glass market is segmented into Architectural, Transportation and Consumer Electronics. The Transportation segment dominated the market with a revenue share of 45% in 2016. It is anticipated to come up as the most advantageous segment due to the growing acceptance of this technology by premium and medium-sized car manufacturers. The enormous tuning and fast-switching features of smart glass facilitate to reduce unwanted glare and light thus allow user to appreciate the glare-free view. The heat-blocking features help in improving the fuel efficiency and reducing the carbon emissions in vehicles.
Also, automotive OEMs (original equipment manufacturer) are highlighting to lower both the CO2 emissions and energy consumption. To fulfill this, producers are creating solutions such as anti-heat glass and glazing solutions. The increasing penetration of luxury automobiles in the Asia Pacific region as well as increased income levels of the audience are the major drivers for the growth of the industry in automotive applications. Similarly, in the aerospace sector, several OEMs including The Boeing Company, Beechcraft Corporation, Airbus SAS, Bombardier Inc. and Embraer S.A. are transitioning towards electronically dimmable windows.
The construction sector is supposed to be promising sector due to its higher rate of growth with continuous investments in smart technology. In the Middle Eastern region, a majority of high towers and skyscrapers have integrated smart glass for exterior structure fabrication so as to enhance reduction of heat and light transmissions thus maintaining internal ambiance.

Regional Insights

North America dominated the smart glass market in 2016 with a share close to 35%. Favorable regulations and instructions have led to the growth of these products in the region, thus enabling overall saving of energy and reduction the maintenance costs which leads to a positive impact on the growth of the market.
The European Union territories and the U.S. governments are planning to regulate the adoption of smart glass-incorporated electronics equipment and have directed their transport departments toward the same. Furthermore, the existence of key participants and rising production of automotive are fueling the market growth.
The industry is expected to be directed by the acceptance of premium products, such as laminated glazing, and the legislation of energy conservation regulations to build in mature markets such s Europe and North America. In the case of developing markets, growing construction sector is anticipated to provide growth avenues.

Competitive Insights

The major participants in the industry include Saint-Gobain S.A., Asahi Glass Co., Ltd, DuPont, and Corning Incorporated. The industry is dominated by a few major players who provide niche solutions for end-use applications.

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Smart Elevator Market Segmentation And Growth Prospects by 2022

31 Oct 2018 - The worldwide Smart Elevator Market size valued at USD 10.50 billion in 2014. Rising acceptance, particularly in Latin America, Asia Pacific, and the Middle East, are anticipated to drive the growth of the market. Numerous benefits together with longer stability along with reliability are also expected to help the growth of the industry over the coming years.

Growing disposable income of the consumer, predominantly in countries such as China, Brazil along with India coupled with the increasing need for faster transportation facilities may elevate the demand for the elevator. The elevator industry is hovering for growth owing to superior control of elevator traffic and the growing requirement for improved energy efficiency worldwide.
Expansion of products that utilize renewable energy sources is likely to offer new development avenues in the upcoming years. Extensive usage in different sector like industrial, commercial as well as residential areas is further liable to drive the growth of the market. Fast infrastructure growth in rising economies along with government inclination to the deployment of such type of advanced elevator in new structures built in respective countries is also anticipated to impact demand of elevators over the forecast period positively. Large installation cost of elevators may hamper the growth of the industry over the next few years.
Technological advancements in elevator industry resulting in the addition of various digital controls which are related to security may also facilitate elevator industry to offer possible growth opportunities to participants in the industry. Economic benefits which are linked to cost savings with the help of low power consumption may also assist to drive demand over the forecast period. Also, the benefits such as the reduced passengers' waiting times along with increased traffic management effectiveness are also likely to drive the smart elevator market considerably.

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Solution Insights

The industry divided into three parts namely new deployment, maintenance and modernization depending upon the solution provided. The market further segmented into elevator automation and elevator access control & security based on new deployment.
Elevator automation segment may observe high growth owing to numerous advantages which offered by this deployment type such as efficient passenger transportation, energy saving, and time-saving. Elevator access control & security market helped in accounting more than 35% of the overall share in 2014, but this proportion may decrease over the coming years.

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Maintenance segment is estimated to demonstrate considerable development in upcoming few years which may credit to increasing maintenance related activities of already installed products in mature markets such as North America along with Europe.

Application Insights

Residential segment has for over 20% of the total revenue share in 2014 which is anticipated to rise over the forecast period. This growth may credit to rising disposable income of consumer along with increasing migration of population from rural to urban areas. Industrial segment is probable to appear as the fastest growing application in next few years owing to the mounting demand for energy-efficient solutions which results in increasing acceptance.
The commercial segment may observe significant development over the given forecast period due to advantages such as reduced operational cost, low power consumption, and cost savings.

Regional Insights

In 2014 North America smart elevator market was a leading regional segment as well as accounted for more than 40% of the revenue. This growth may be credited to previously well-established infrastructure facilities in the region along with early technology adoption by many industries in the area.
Asia Pacific region is also expected to observe considerable development over the forecast period because of rapid infrastructure growth as well as growing urbanization in the Asia Pacific region. Rising amount of consumer disposable income along with technological advancements may also help to add to the regional development in next few years. Growing government inclination towards up gradation of existing elevator is anticipated to drive the European smart elevator market over the forecast period.

Competitive Market Share Insights

Key participants compete in the market by their industry presence along with new product development. Manufacturers give emphasis to improving their regional presence by collaborating with other companies which offer similar products plus services for getting a competitive advantage in the market. Key industry participants seize their competitive position in the market with the help of the superior distribution channel facilities along with improved service potential.
Key player in the market includes companies such as Schindler, ThyssenKrupp group, Schneider Electric, Otis Elevator, Mitsubishi Electric Hyundai Elevators, Hitachi, Fujitec and Bosch Security Systems.

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Transfection Reagents and Equipment Market Product Estimates & Trend Analysis by 2022

31 Oct 2018 - The global Transfection Reagent & Equipment Market size was worth USD 616.59 million in 2014 The primary factor for the growth of this segment is the rising demand for the production of the recombinant protein.

Advancements in the clinical development of biopharmaceuticals, is anticipated to boost the demand for gene analysis and gene expression studies for the purpose of bio-authenticity and investigative analysis. The aforementioned factor is attributive to drive the segment revenue potentially in the coming years.
Patent cliff generated in recent years is pronouncing the need for production of several moieties which depends on the laboratory analysis thus inducing industrial growth in this market. Anticipated rise in the analytical methods is expected to increase the adoption of such technologies in the coming years.
Additionally, with established healthcare infrastructure and reimbursement policy, many pharma companies are expanding their business in western geographic segments which would induce innovation and growth in the biotechnology industry over the forecasted period.

Method Insights
Electroporation method for conducting transfection process holds the largest share of the revenue. The larger share is attributive to its diverse versatility in application, user-friendliness, and consequent higher implementation of this technique. However, the misuse of this method has caused cell damage which is expected to slow down its adoption. Liposomal method is second only to the electroporation method of transfection. The other segments for the implementation of method includes adenoviral vectors and particle bombardment which are expected to provide positive growth in the forecasted period.

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Bombardment equipment and particle acceleration have witnessed a reduction in the cost over the past years which will boost its market penetration. This method is expected to grow at the fastest rate owing to increasing investment in order to bring about technological innovations in this market.

Application Insights

Gene expression accounted for the largest share of revenue in 2016 as a result of larger use of the technology in this segment. Vaccine biopharmaceuticals production requires substantial usage of gene expression methods based on the principles of transfection.
Proteomic analyzers and cytology-based programs (for research purpose) are expected to witness demand in biomedical and oncology studies. This factor is expected to fuel progress in the coming years.

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Regional Insights

North American region witnessed highest penetration in 2016 owing to the presence of large number of research and biopharmaceutical production institutes, biosimilar drugs, vaccines, and clinical organizations for R&D.
With the rise in number of academic institutes engaged in basic research for protein and genetic research which are highly supported by the government, the market revenue for transfection is anticipated to witness potential increment. Also, a large number of cancer research and specialized biomedical institute provides a platform for the development of this technology.
Europe with respect to market share is close to North America and has gained significantly high revenue as per the estimation. With favorable government policy, large-scale gene expression analysis is widely implemented in this region. Also, large-scale development in reverse transfection has provided a strong base for penetration of the products in this region.
Asia-Pacific region is expected to witness fastest growth over the forecast period owing to progress in healthcare infrastructure, for example, setting up of bio-incubators for research purpose, rise in government funding for basic research held in academic institutions, increasing adoption of proteomics and cytological expression.

Competitive Insights

Roche, Promega and Life Technologies (a subsidiary of Thermo Fisher) are renowned players operating in this market. These players are engaged in implementing strategic initiatives such as product development, diversification, vertical and horizontal integration, and in some cases divestiture.
Other companies that are operating in this market are Lonza, Qiagen, Mirus Bio LLC, OriGene Technologies, EMD Millipore, VWR International, BTX and SignaGen Laboratory.

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Power Electronics Market|Research Methodology, Trends & Scope by 2025

30 Oct 2018 - Power Electronics Market is solid-state circuit that control electric power in efficient manner. The emerging demand for energy-efficient, battery powered devices and use of electronics indifferent industries is likely to fuel market globally over a forecast period. In 2016, the market size of power electronics was valued at USD 32.33 globally.

The growing trend of energy harvesting, usage of renewable energy sources are key reasons that are anticipated in growth of industry in coming period. The use of power electronics in electric vehicle is also considered to be important in market growth.
Power electronics is a circuit that is used to control and conversion of electric power. A rectifier is a common device that is used in many consumer electronics devices such as computer, battery charger and television set.
At present, the power electronics has applications in electric cars and hybrid electric vehicles to avoid power loss. Electric trains, elevators also make use of power electronics that has ability to regulate energy flow into unidirectional and bidirectional depending on usage.
The rapid adoption of new technology for efficient energy usage is major driver for power electronics market. Aerospace & defense, consumer electronics, automobile sector are areas where power electronics are used widely.
Government initiatives to opt for renewable energy at all platforms, faster switching, rise in demand for higher efficiency are other additional factors that are expected to boost the market growth and is expected to create new opportunities.

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Material Insights

The global market is further subdivided on basis of material such as sapphire, silicon, gallium nitride and silicon carbide. In 2016, among above the silicon accounted highest market share and is expected to dominate over next seven years owing to the fact that silicon is key element in power electronics and is used in almost every circuit.
From 2017 to 2025, sapphire segment is expected to grow at highest CAGR providing great opportunities for manufacturer and supplier. Sapphire is used in devices such as LED lights, smart watches and optical wafers.
There has been significant increase in demand of consumer electronics such as smart watches, smartphone and home appliances which will have positive impact on sapphire segment as its applicability is increasing across different products.

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Device Insights

The industry is further segmented on the basis of devices such as integrated circuits (IC) devices, discrete devices and modules devices. In 2016, the largest market share belonged to discrete devices and is predicted to remain same till 2025. These devices make use of diodes, thyristors and transistors and large adoptions of diode, thyristors and transistors resulted in large market share.
The use of power IC’s in radio frequency (RF), high frequency wireless communication, RADAR and satellite communications expected to drive market. Technological advancement has resulted in development of various power devices that has different applications.
The segment will witness growth due to its application in electric cars, electro electric-powered aircrafts and Smart grid application that allow utilities control power flow.

Application Insights

ICT, automobile, consumer electronics, industrial, aerospace & defense are functional areas where power electronics are used widely. In 2016, the power segment dominated in terms of market size.
Automobile sector will witness fastest growth at CAGR of 2.8% in given period. Application in Hybrid electric vehicles (HEV), electric cars and awareness about growing pollution in environment will have positive impact in industry growth.
The development of various alternatives and use of renewable energy so as to conserve natural resources such as fossil fuels is paving the way for use of power electronics devices in automobile sector.

Regional Insights

In 2016, the Asia Pacific region dominated in terms of market share which was about 40% and it is expected to continue its domination till 2025. This will create huge opportunities in different sectors mainly automobile and ICT.
Government initiatives, low cost and operational benefits in emerging economies like India, Singapore, South Korea and china are attracting key players in market to set up their manufacturing unit. The region has emerged has a promising manufacturing hub for electronics and is boosting manufacturing activities in region. The above factors mentioned is expected to drive market in Asia pacific region.

Competitive Insights

Some Major players in industry are Texas Instruments, Inc., Infineon Technologies AG, Mitsubishi Electric Corp, Qualcomm Inc. and Fuji Electric Co. The key players in developed and developing economies practice different strategic initiatives such as new product development, mergers and acquisitions to reach their customers and increase their market share.

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Printed Electronics Market|Information Procurement & Analysis by 2025

30 Oct 2018 - Printed electronics is a method use for creating electrical devices on various substrates. In 2015, Printed Electronics Market size was valued at USD 3.02 billion and products are expected to gain traction resulting in significant growth of industry. The advantages such as low cost, flexibility, stretch ability and portability will lead to market growth.

The use of IoT is providing growth opportunities across the sector. The adoption of OLED display and RFID devices is constantly increasing owing to its higher efficiency, low cost and low power usage. The use of polymer, paper and oligomers in production of printed electronics will have positive impact on industry.
The organizations are investing heavily on R&D resulting in continuous development of new products and innovations have enhanced existing abilities that are used across various fields. Printed electronics have undergone continuous upgrade and improvisation.
The major players in industry are focusing on strategic initiative such as mergers and acquisition to increase their market share in emerging economies of Asia pacific regions. The manufacturer implements technology on different products such as display devices, smartphones based on necessity for sales purpose.
Asia pacific regions such as India, Taiwan, china and other regions is witnessing great demand for printed electronics technology and is predicted to dominate in coming period. Thin film Electronics ASA has signed agreement with CynMetrik for distribution.

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Material Insights

The market is segmented based on material that include different components such as conductive inks and substrates. The ink segment will be major revenue generating segment and will dominate over forecast period.
The numerous benefits and vast application of printed electronics will drive the market in forecast period. Thus, the segment will contribute to growth of overall market. The use of nano imprint lithography technology is anticipated to have positive impact on market.

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Technology Insights

Flexographic technologies, screen, inkjet and gravure are various technology used in printed electronics. In 2015, the screen printing technology segment dominated in terms of revenue and is expected to dominate in next six years.
Inkjet printing technology will witness growth over CAGR of 20% in coming period. The advantages such as low wastage and material consumption, low initial setup cost and flexibility will help in growth of segment.

Devices Insights

The devices market is divided into photovoltaic, display devices, lighting, RFID and others. In 2015, the photovoltaic devices and display devices contributed largely in market share and will maintain its dominance over forecast period. The growing demand for active clothing, smart labels, flexible displays and animated posters animated and decorative posters is expected to boost the growth of printed electronics market.
The RFID device has its application in packaging sector which will drive this segment across globe. The demand for RFID devices is increasing in packaging sectors because of its advantages such as reliability, accuracy, authenticity and low cost. The segment will have highest CAGR from 2016 to 2025.

Regional Insights

In 2015, the Asia Pacific regional market dominated industry in terms of revenue. Increase in adoption of printed technology by end user resulted in spectacular growth. The boost in electronic manufacturing sector in this region will have a positive impact on printed electronics market
Increased investment in R&D and adoption of technology will fuel the North American and European regions market growth. The use of various technologies in industrial application such as lighting, photovoltaic and RFID are important factors in steady growth of industry. The region is estimated to witness significant growth over forecast period.

Competitive Insights

BASF SE, PARC, DuPont, Molex, Inc., and E-Ink Holdings, Inc., are major players in industry. The key players are competing for understanding the market and establishing domination by investing in R&D, innovative product launches, and better printing capabilities.

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Plano Sunglasses (Polarized, Non-Polarized) Market Snapshot & Key Buying Criteria by 2020

30 Oct 2018 - The Plano Sunglasses Market is analyzed on a global level in this report. The global Plano sunglasses market was valued at USD 10,828.0 million in 2012 and is expected to grow at a CAGR of 8.0% from 2013 to 2020. Global shipments were estimated to be 285.5 million units in the year 2012, in terms of volume.

Plano glasses are also called non-prescription glasses. Plano sunglasses are the non-prescription lenses that are used to protect the eyes from harmful ultraviolet (UV) rays and not for correction of vision. They are mainly used to look good. Scientific studies show that exposure of the eyes to UV rays over a period may damage the human eyes and may lead to cataract. It may also cause damage to the retina. According to the report by American Optometric Association (AOA), overexposure towards solar radiation may risk of macular degeneration and can be tackled with the use of Plano glasses. The primary revenue is generated by the sale of a high-end product.
Growing demand for smart products across the globe is one of the key factors for the anticipated market growth. The changing lifestyle, demand for fashionable sunglasses and the availability of technologically advanced products in urban areas are some of the important factors which are expected to drive the global Plano sunglasses market over the forecast period. Also, growing awareness among the general population regarding the importance of protecting the eyes is also the key driving force for the market. The global Plano sunglasses market has a huge opportunity during the forecast period, and hence major player in this market are focusing on increasing and developing their distribution channel globally.
One of the prime restraining factors for the global Plano sunglasses market is the vast majority of the population is affected by the visual deficiencies which include hyper myopia (farsightedness) and myopia (nearsightedness). Among this population, a large percentage of people rely on the use of spectacles, thus affecting the demand for Plano sunglasses.

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Besides, to serve the dual purpose of protecting the eyes and vision correction, Prescription Sunglasses are used.
However, the impact of this restraint is anticipated to reduce in the coming years, due to growing adoption of contact lenses and permanent vision correction procedures. For instance, the growing demand for the surgical procedure known as LASIK (Laser-Assisted In Situ Keratomileusis) used to lower the need for eyeglasses or contact lenses is anticipated to affect favorably to the global Plano sunglasses market over the forecast period. The growth in purchasing power of the end users and increasing wearer base is likely to fuel the growth of Plano sunglasses market.

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Product Insights

On the basis of product type, the global Plano sunglasses market is broken down into non-polarized and polarized sunglasses. Standard non-polarized sunglass lenses are used to reducing the amount of visible light that enters the eye. Polarized sunglasses help in improving the visual sharpness and enhancing vision. These glasses make use of vertically aligned filters that helps in blockage of unwanted horizontally polarized light and thus allows useful vertical lights to enter into the eye. Polarized lenses are produced by using techniques such as molding, injection, vacuum forming and casting. Polaroid Eyewear also makes use of press-polishing forming which is a newly developed technology i.e. Resultant lenses are optically correct as they taper towards the edges and thicker in the center. Few of the polarized lenses have met the international standards such as Australian AS/NZS1067, European EN1836, American ANSI Z80.3, Chinese GB10810, and PTX4000. However, there are a few restrictions to polarized glasses, as they are not supposed to be used in the aviation environment, as it may reduce the visibility of instruments that are incorporated anti-glare filters.
Consumers are gaining awareness regarding the importance of protecting their eyes, and prefer polarized sunglasses despite their high selling price. This segment accounted for approximately 20% of the overall market in 2012 and is expected to show considerable growth in the coming years, with an estimated CAGR of 4.6% from 2013 to 2020.

Lens Material Insights

On the basis of the lens material the plano sunglasses market is broken down into polyurethane, CR-39 or allyl diglycol carbonate (ADC), polycarbonate, and others such as glass and nylon. Consumers focus on the water resistant lenses which are not prone to cracking and breaking.
CR-39 held the largest market share as in 2012, due to its cost effectiveness and durability. It also accounted for 40.8% of the overall market share in the same year. Although the Polycarbonate lenses are lightweight and superior impact resistance, they have less optical clarity and are lower scratch resistance. Despite the fact that glass contributes to the highest optical clarity still it accounted for a small percentage of the market and is further expected to grow at a CAGR of 2.4% over the forecast period which is lower than the global average. Though glass lenses provide the highest optical clarity and scratch resistance, they are more expensive and are not very impact resistant.
Sunglasses have tints so as to reduce the brightness. Green, gray and brown tints are color neutral. Gray lenses are recommended for ensuring color recognition. Other tints comprise rose, mirrored or yellow/amber. Major frame materials used in Plano sunglass production include metal, nylon and zyl.

Regional Insights

North America and Europe accounted for over 60% of the market in 2012, due to higher affordability limit among consumers as well as the presence of major players. Asia Pacific is anticipated to be the fastest growing market in the coming years, with an estimated CAGR of 10.1% from 2013 to 2020.
Despite low volume share, the European market is expected to be the highest contributor to global market revenue owing to high selling prices of Plano sunglasses and preference for premium sunglasses, particularly in Italy and Spain. The unorganized sector of countries such as India and China hampers the revenues of companies operating in the market. Sale of knockoff Plano sunglasses also negatively impact the brand value of industry participants.

Competitive Insights

The industry is characterized by mergers and acquisitions by key participants to consolidate market share. Safilo Group S.p.A. owns Polaroid which is a key brand in the polarized sunglasses space. Italy-based Luxottica Group S.p.A. was the largest market player in 2012, and has accrued a large number of proprietary and licensed brands through strategic initiatives. Safilo Group S.p.A. owns Polaroid, a key brand in the polarized sunglasses space. Major brands include Ray-Ban, Persol, Oakley, Vogue Eyewear, etc. other players are Marchon Eyewear, Marcolin Eyewear, Charmant Group, and De Rigo S.p.A. among others.

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Password Management Market Research Methodology, Data Sources & Forecast by 2025

30 Oct 2018 - The Global Password Management Market is anticipated to reach USD 2.05 billion by 2025 owing to the growing complexity of compliances, regulatory, risk of data theft in different major industries. Password is a sequence of characters that enables access to computer devices like smart phones or services. The primary task of password management is to encrypt and decrypt the data. It offers protection against unauthorized access.

Password management is basically a software solution which stores and manages the passwords. It is beneficial for both, individual users and enterprise users. It includes collection of algorithms to operate the sequences of the password. Efficient password management solution has been on the rise among different enterprises due rise in complicated systems and regulations for creating and changing passwords. Moreover, the mobile device password management is expected to boost the Password Management Market with a CAGR of 19.4% in the near future.
With the growing number of online transactions, it has become obligatory to comply with safe and secure passwords management practices. Passwords enable a strong support in protecting crucial online information like bank accounts, emails, medical details, etc. A widespread awareness was created owing to the major breaches that occurred years back. It included awareness concerning the importance of using unique passwords for every single online account. To promote safer password practices, most security experts recommend to use the password management applications as the most practical and secure way of transaction.
The strict password creation rules protocols by the government are significantly playing a major role for shaping the market.

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On contrary, it becomes easy to use a password management system that renders help in retrieving lost or forgotten passwords in regards to important online accounts. Further, the password management does not only offer solutions to the enterprises but also caters to individual users with feasible solutions. Industries and enterprises are now becoming aware of the password management and therefore, a significant rise has been observed in the product adoption too.
The major drivers of the password management industry are required to obey the strict compliances and the rising risk of data theft. This is attributed to the industries like healthcare, Banking, Financial Services & Insurance and public sector. Growing attacks by the hackers have raised issues against password security. This supports the growing demand for password management solutions.

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The password management solutions and products are positioned either in the hosted environment over cloud or on premise environment. The speedy rise in the cloud market also augments the growth of industry. The cloud market is expected to widen the opportunities in hosted the market. However, the growing built-in management, custom-built, and extension requirement are some restraints for the growth of the market.

The password management industry is categorized on the grounds of access, product type, industry vertical and geography. On the grounds of access, the market is divided into smart phones, tablets, laptops, desktops, voice-enabled password systems, etc. On the grounds of product type, the industry is divided into privileged user and self-service password systems, etc. From among these, Self-Service Password Systems division is expected to be dominant in the password management market due to extensive usage in smaller enterprises for proper security measures against mandate compliance and threats.

On the grounds of industry vertical, the market is divided into (BFSI) Banking, Financial Services & Insurance, IT & Telecom, public sector, healthcare, education, retail and consumer goods, etc. Geographically, the password management industry is segmented as North America, Europe, LAMEA and Asia Pacific. North American accounts for the largest password management market share owing to the rising applications in end-use industries and increase in cyber threats.
Some of the prominent password management industry players are Google Inc., Microsoft Corporation, Knowledge Secure Systems Ltd., Hitachi ID Systems, Inc., Fast pass Corporation, Avatier Corporation, NetIQ Corporation, Sonic wall Inc., Sail Point Technologies Pvt. Ltd., and Courion Corporation.

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Mobile Wallet Market Restraint Analysis And Industry Outlook by 2014-2024

30 Oct 2018 - The advancement of mobile phone technology is expected to drive Mobile Wallet Market or digital wallet industry in near future. In 2015, mobile wallet market size was valued USD 592.45 billion worldwide. The boundless Smartphone use and its increasing penetration level will favour mobile wallet market. The market has emerged as a result of technological advancement which enhances customer experience. Consumer payment credentials are saved and are made available at point of sale. NFC has made significant change in payment technologies.

Mobile wallet market allows consumers to manage their account and transaction from any location at affordable price. Banks, technology vendors and payment service providers in association with main players are developing platform and infrastructure to reinforce customer experience. To differentiate the business from competitors key players have provided features such as mobile vouchers and services, digital charity scheme, dynamic currency conversion. Value added service (VAS) is acting as driving force for cashless payment.
Security issues and privacy concerns can act as restraint in this industry. Lack of government initiatives and supervision is another barrier for growth in this industry over a forecasted period.

"Proximity product type is expected to portray highest growth over the forecast period"

In 2014 mobile wallet segment had generated highest revenue and throughout the forecasted period it will dominate the market due to increase in cashless payment over a communication network.
Due to increase in penetration of NFC enabled smart phones across the globe proximity product type is expected to have high growth rate. Flexibility feature will lead markets growth.

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"Government initiatives for modernizing the transportation and adoption of advanced technology has contributed public transportation application to have highest growth over the projected period"

Mobile wallet market has applications in different segment such as retail, restaurant, public transportation and vending machine. According to revenue generated in 2015 its application in retail segment is expected to dominate the business. Better consumer experience and increasing number of smart phones will push the demand.
Vending machine allows customers to make cashless transactions that will encourage consumers to purchase regularly. Devices with NFC integration provide better consumer experience along with security feature that will drive retailers to use this technology. Countries such as India, China and Indonesia have high vending machine usage that will improve the demand for application segments.

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Low processing fees through NFC technology will achieve cost and operational efficiency. Retailers accepting cashless payment will attain consumer data opportunities and loyalty. Special promotions and loyalty reward will help retailer to improve relations with mobile customers.

"Increasing penetration of NFC enabled mobile phones in Asia Pacific has contributed to significant growth from 2016 to 2024"

By 2024, Asia pacific region is predicted to generate key revenue and will have highest share among other regions. Large number of service providers and consumer preferences in this region are important factors for growth of mobile wallet market. In countries like India and China due to increase in disposable income and consumer needs mobile wallet market will have significant growth over the forecasted period.
Government initiatives likes make in India and Digital India in country is expected to boost the penetration of mobile phones and other consumer electronics which will result in growing demand of industry.
Development in various applications such as NFC-based transactions, ticketing and access control in European market is anticipated over the forecasted period. Increase in number of NFC tags implementation has led to use of NFC readers. It is forecasted that Restaurant applications and public transportation will have key share in European market

“Building trust among consumers is expected to increase the adoption rate"

Bharti Airtel limited, Apple Inc (US), and American express company are Major competitors in mobile wallet market. These key players are continuously investing in R&D to develop innovative platform for users so as to gain market share.

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Mobile Robotics Market Restraint Analysis & Forecast by 2020

29 Oct 2018 - Globally, the Mobile Robotics Market valued at USD 4.43 billion in 2014 and is presumed to reach USD 10.60 billion by 2020. Rapid industrialization and growing need for automation to improve the efficiency in the production and to augment the quality process; mobile robotics is significantly evolving its market globally. Mobile robots represent powerful robots which act on a variety of operations according to their programmed configurations.

Advancement in mobile robotics technology is significantly evolving in different functional areas as defense, warehousing, medical& healthcare, and logistics. It aids the humans in managing a specific set of task to overcome the human restraining and efficient in saving the cost of production.
Optimized use of the resource in terms of labor cost, aging workforce and growing demand for productivity are presumed to impel the demand for the market growth. Furthermore, high initial investment and time consumption in particular set of functional areas such as manufacturing, marketing, and Research & Development are expected to be constraints for the market growth.

Product Insights

On the basis of products, the mobile robotic market is segmented into Unmanned Ground Vehicles (UGV), Unmanned Surface Vehicles (USV), Unmanned Aerial Vehicles (UAV) and Autonomous Underwater Vehicles(AUV). UGV is presumed to be the leading the segment over the projected year attributed to rising demand in the implementation in areas of military and defense agencies. UAVs are presumed to witness a substantial increase throughout the projected period associated with significant increase in the areas of photography, defense, wildlife research and survey, military, surveying and mapping, and security applications.

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The USVs has been impelled by cost-efficient wireless data system and global positioning system, which supposed to continue over the next few years.

Application Insights

By end-use, the mobile robotic market is bifurcated into service and industrial segment.
The traditional industrial application covers warehousing &distribution, coating & dispensing and painting and de-painting. Service segments comprised of personal and professional end-use. Personal end-use comprised of domestic purposes such as maintenance, cleaning, and entertainment. Professional end-use covers logistics, agricultural, forest harvesting, medical, mining, and military & defense.

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Reduced price of cameras and sensors and feasible and accessibility of open source software development platforms are propelling factors for the increased demand for domestic robots for personal end-use such as vacuum cleaners and lawn movers. Combining the mobile robots with mobile technologies and smart appliances is presumed to enhance the profitability of personal service mobile robots.

Regional Insights

With the increase in number of terror attacks in different regions of Asia Pacific region, there has been increase in demand of military agencies to keep stringent surveillance system over such activities thus contributing factor of Asia-Pacific region such as India, China, Japan, South Korea and Australia for their dominance in the market and continue to increase growth over the projected years. Domestic robots are extensively used in countries of the US, Japan, Germany, and France for the cleaning and maintenance purpose. The U.S is expected to lead the R&D investment on UAV technology over the next ten years.

Competitive Insights

The major players of mobile robotics players include Northrop Grumman Corporation (U.S.), iRobot Corporation (U.S), Google Inc(US), GeckoSystems Intl. Corp. (U.S.), Bluefin Robotics Corporation (U.S.), ECA Group (France), Honda Motor Co., Ltd. (Japan)., Adept Technology, Inc. (U.S.), KUKA AG (Germany), Amazon.com Inc (U.S).

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Middle East Distribution Transformer Market - Regional Estimates & Trend Analysis by 2022

29 Oct 2018 - Distribution Transformer market volume in 2014 was valued at price USD 2.68 billion in the Middle East; furthermore, it is anticipated to attain USD 3.60 billion at the end of 2022. The development may be recognized to increasing acceptance of smart grid solutions worldwide. Supplementary, growing need for sustainable energy around the globe, it is also expected to stimulate product demand over the forecast period. Infrastructure improvement in numerous countries across the Middle East may positively impact development projection.

Rising population has considerably spurred electricity demand around the globe; thereby it is helping for driving the power industry. Smart grid installations need two-way, real-time communication along with components that integrate related capabilities to observe a variety of system parameters distantly. This may supplementary impel demand for inventive products with interactive information to convey potential. Nevertheless, substitution of highly robust conventional counterparts may cause confront to the business in upcoming seven years.
The requirement to supervise power consumption may stimulate the usage of alternative energy. Incorporation of the backup conventional power source in addition to alternative sources requires the practice of smart grids moreover is expected to impel industry expansion over the forecast period. High installation, as well as transportation costs together with the lack of trained professionals for setting up, may confront product demand.

Product Insights

Small distribution transformers consist of a power rating in the range of 0- 315kVA moreover they are largely used in a vicinity with low population concentration.

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Growing replacement of conventional overhead products with smart grid well-matched pole mounted products; smaller devices are anticipated to pitch demand in future. A small distribution transformer is also appropriate for numerous diversified power applications along with light industrial or commercial applications.
Medium distribution Transformer, normally in the range of 316 kVA to 2,499 kVA, is anticipated to observe high saturation owing to rising population in cities like Riyadh, Dubai, along with Abu Dhabi. The soaring rate of population migration in the abovementioned cities is also anticipated to encourage local market demand. Advancements in the field of sustainable expansion have resulted in the acceptance of superior goods which use copper-silver alloy windings to avoid them from self-annealing while operation.

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Speedy industrialization is likely to be a key factor which will drive the superior transformer demand across the local market in the Middle East. However, lack of transportation amenities to distant areas may create a challenge, as the design of the transformer is bulky. Unit substations may also observe stable growth because of low installation as well as maintenance costs.

Technology Insights

The transformer industry is projected to observe high growth owing to the development of technologically in the area of electrical equipment. Development of a range of core materials along with fall of core flux density is anticipated to reduce noise in the transformer operations.
Liquid-filled Transformer market is also anticipated to observe considerable growth over the forecast period. This growth is credited to superior functional capabilities in addition to proficient design. Pad mounted have several utility applications across the commercial, industrial, with residential sector, these applications are expected to drive demand over the predictable future. Dry type technology is used mainly in a rough environment along with high fire safety requirements such as mining sites, oil & gas industries as well as marine industry.

Regional Insights

The electricity sector is privatized in numerous Middle East economies, so this factor is projected to be a major industry development factor over the upcoming period. Fast growth in the industrial sector, mainly in industries like petrochemicals along with oil & gas is expected to drive demand in Saudi Arabia.
UAE Distribution Transformer market has also witnessed high growth owing to early technology adoption in this region. Also, availability of a large amount of coastal region for water transportation in the many countries in Middle East region may ease raw materials procurement in this region, which is expected to propel demand over the next few years.

Competitive Market Share Insights

Leading transformer manufacturers give emphasis on practices like merger & acquisition for establishing a presence in the Middle East region. For example, General Electrical acquired Alstom to increase its product portfolio in the market. Local manufacturers concentrate on providing high-quality products across the particular country. Important companies that lead the market include ABB, Siemens, Electrical Systems, Saudi Federal, GE, Bawan, and Alfanar.

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Luxury Furniture Market|Value Chain Analysis & Technological overview 2022

29 Oct 2018 - The Global Luxury Furniture Market is anticipated to reach $27.92 billion by 2022 at a CAGR of 4.0% in the forecast period. The key factors affecting the growth of this sector is disposable income.

The growth of the luxury furniture sector is directly proportional to the adoption of e-retailing methods to reduce the operating expenses in sales & distribution and growth of real estate industry. The real estate sector has shown a significant slowdown in the 1st half of 2017. However, the market is expected to grow with the moderate speed. Development of the real estate industry for commercial as well as the residential place would push the luxury furniture market forward. Also, the development is coupled with the change in lifestyle of the consumers, especially in urban areas due to increase in disposable income.
However, the growth can be hampered by the increasing expenses for a raw material required, the design of furniture and the lack of skilled workforce.

Raw Material Insights

By raw material, the luxury furniture market is categorized into plastic, metal, wood, glass, leather, and others. Mahogany, Teak, Jackfruit, Cedar and Redwood trees are the primary sources of raw material. The increase in the cost of materials, such as wood, leather, and stones, may restrain the market growth.
Consumers are inclined toward eco-friendly furniture due to the increased environmental awareness. Also, the companies are concerned about their carbon footprints and now started to offer eco-friendly alternatives which are possible due to technology and innovative ideas of designers such as marble, stone, plastic, and metal. Moreover, these materials have high durability and low maintenance cost.

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End-use Insights

Luxury furniture is used for commercial as well as domestic purpose. The domestic sector contributes nearly two-third of the global luxury market revenue. In the domestic sector, living and bedroom dominated the rest of the segments by the returns in 2014 due to the consumers that are specific in the purchase of exact and precise kind of furniture to give an attractive and aesthetic look to their bedroom and living room.
Lighting products add to the mood and ambiance in the living & bedrooms, kitchen, bathrooms and outdoors. This has shaped an optimistic situation for lighting furniture, as an outcome, it is gaining admiration among consumers and is estimated to witness substantial growth.

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Service segment contributes the largest share of the revenue in the commercial sector. Consumption of luxury furniture in the service sector is expected to grow at a higher pace to provide a better service experience to the customers. Gyms, hotels, restaurants install luxury furniture following the rise in market demand significantly. Modern, as well as Traditional designs, are receiving admiration thus driving towards the growth in this segment.

Regional Insights

Europe dominates the global furniture market, followed by North America. Asia Pacific is expected to witness the fastest growth with a lucrative CAGR of 5.5% due to a rapid increase in per capita income and rapid growths in the real-estate industry in Asia Pacific countries such as China and India, which in turn opens up prominent opportunities for the sector during 2014-2022. Companies of manufacturing semi-finished wood furniture in Europe represents mainly the upstream group of the value chain. Revenue generated by Europe is estimated at $7329. 8 million in 2014.
China has emerged as the largest and fastest emerging furniture market in Asia Pacific, vastly driven by the increase in the living standards and disposable income.

Competitive Insights

The luxury furniture companies, mainly compete on the aspect of aesthetic values. New products and innovative design/material are the key strategy adopted by the companies. Major companies are using an e-commerce platform to reach the customers more effectively and efficiently and also increase their customer base. Besides this, many luxury furniture companies are associating up with designers to develop and launch a luxury range.
Key players: Valderamobili s.r.l, Laura Ashley Holding Plc, Giovanni Visentin s.r.l., Duresta Upholstery Ltd, Nella Vetrina, Turri S.r.l. Muebles Pico, Scavolini S.p.a., Henredon Furniture Industries Inc., Turri S.r.l.

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LiDAR Market Segmentation & Vendor landscape, 2024

29 Oct 2018 - LiDAR Market covers key segments such as terrestrial, airborne and mobile & UAV LiDAR systems. It is a surveying method that measures the distance with help of laser light and sensors that creates 3D representation of target. Airborne systems dominated in market share and are predicted to grow in forecast period. The advantages such as high accuracy and detailed information of Airborne system has increased their use over photogrammetry. The systems delivers large area mapping in short time and are efficient.

LiDAR is used in high-resolution maps the technology is also used in navigation and control of autonomous cars. The vertical integration in LiDAR market has various advantages and adds significant value to supply chain operators. Light Detection and Ranging systems have made mapping of objects, detection, and examination easier than photogrammetry technique. The Chinese firm Nova Workvision Digital Technology Co. Ltd. Provides outsourcing service along with mapping products such as Digital Terrain model (DTM), Digital surface model (DSM), and Digital elevation model (DEM).

"The airborne systems market is expected to grow at a CAGR of over 13.6% from 2016 to 2024"

Airborne systems uses laser light generate a 3D representation of target landscape. LiDAR systems provide a precise data points in short time for creating digital elevation models and are anticipated to replace the present photogrammetry mapping technique due to their high ability of 3D scanning of images in short time.
Government initiatives, large scale engineering infrastructure projects, increasing urbanization and improved project efficiency are vital factors that will have a positive impact on the market in forecast period.
LiDAR is used for atmospheric research and meteorology and the LiDAR instruments also have applications in aircraft, satellites with main purpose of surveying and mapping. The mobile system collects 3D point cloud data for creating map. Mobile and UAV systems will have great opportunities in emerging Economies and will drive the market worldwide over forecast period.

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"The corridor mapping application segment accounted for over 37.99% of the global market in 2015"

LiDAR market is segmented based on application that includes Engineering environment, Advanced Driver Assistance (ADAS), corridor mapping and others. Among these segments the corridor mapping is expected to dominate with over 37.99% of industry share in 2015.
A corridor may be highway passage, pipeline inspection, and railway track or power line. The mapping of corridor means collecting accurate data with help of airborne and terrestrial methods.

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The LiDAR sensor is bounded to helicopters that fly at lower altitude and scans corridor and collects accurate information. The data collected is beneficial as it can be used in planning of work to be done, monitoring purpose and repair & deflections of areas.
By 2024, he ADAS application is expected to gain prominence because of its application in automotive safety such as Automated Emergency Braking (AEB) systems especially in Europe and North American region.

"The LiDAR laser scanning devices are anticipated to spectate the colossal growth opportunities"

On basis of components the LiDAR industry is fragmented into GPS components, navigation device, laser scanner and other devices that are used for capturing, processing and storing data such as camera equipment. Laser scanner has great importance in LiDAR technology, owing to this fact the laser segment is expected to grow at a significant rate.
Different type of laser scanner is used for airborne, terrestrial and mobile & UAV platforms that scan entire area as per the mapping and scanning requirement.

"Velodyne LiDAR, Inc. to dominate the automotive LiDAR solicitation arcade"

The key players at present are witnessing severe competition in market. Major players are aiming high market share by providing enhanced quality products and opting different strategic initiatives such as merger and acquisitions.
Leica Geosystems Holding AG, RIEGL USA Inc., Velodyne LiDAR Inc., Faro Technologies Inc., and Trimble Navigation limited are major players in LiDAR market.

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Laser Processing Market Research Methodology, Scope & Assumptions by 2025

29 Oct 2018 - In the year 2015 the Global Laser Processing Market was sized at $10.36 billion and is estimated to grow at a significant rate due to the increase in material processing applications. Precise and accurate operations of industrial processes are achieved by implementing the laser technology in manufacturing.

The regulations and the norms set by the governments are expected to positively affect the growth of laser processing market in next few years. Due to their increased usage in various applications ranging from marking, cutting to welding, drilling, engraving the technology all set to witness tremendous growth in during the forecast period.
The strict directives set by the governments on the usage of laser technology in marking and its increased use in the growing field of medical surgeries and devices is expected to drive the laser processing market in the near future.

Product Insights

The products related to laser technology consist of fiber, gas and solid-state lasers. Gas segment consists of nitrogen, copper, carbon monoxide, carbon dioxide, helium-neon and argon-ion lasers.
Solid state lasers are further divided into YAG or Nd lasers, Q-switched Nd lasers, small-diode pumped Nd, YVO4 lasers and large sized lasers in end or side pumped configuration. Manufacturers are benefitted by the use of fiber lasers with their use in the manufacturing technology which acts as a driver fir the market.
Varied field applications in the fields such as aerospace, machine tools, automotive, medical and packaging is estimated to fuel the global laser processing market over the forecast period.

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Process Insights

Laser processing segment consists of marking and engraving, material processing and micro-processing. This section comprises of all the major factors of laser and material processing involving implementation of laser beam welding, hybrid processes, micro drilling, surface modifications, ablation of bulk material and coatings, cutting & machining direct manufacturing and so on.
Crude oil extraction that involves mainly mining and drilling activities is largely benefitted by laser technology. Aerotech offers development in main areas such as mechanics, laser controls and controls. They also aid the system integrators, OEMs, end users using processes such as cutting systems, marking, welding, etching and marking systems.
Furthermore, the engagement of laser technology with water-jet cutting technology in smooth surface with narrow cuts, increases the overall efficiency subsequently fuelling the market growth over next few years.

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Application Insights

Application segment mainly includes OEMs, Automotive, electronics and microelectronics, aerospace, medical and packaging. Rise in the rate of adoption of laser in various industrial applications such as cutting, welding, drilling engraving and various material processing activities is expected to drive the market to new growth heights in the next few years particularly due to extensive use of this technology as machine tools.
The ever increasing demand in the fields of microelectronics and medical sector is expected to drive laser processing growth. Key role is played by the process of welding the medical applications primarily such as implantable devices, pacemakers, surgical tools which involve non-porous and ultra-fine sterile surfaces which are implemented in cardio logical processes.
Emerging applications in the fields of oil and gas and automotive sector will fuel the growth of laser technology along with the increase in the usage of machine tools over the next few years. Moreover, high speeds offered by laser cutting, improves the quality of cutting edges and provides the material in automotive segment with low-heat operation.

Regional Insights

Largest market share was accounted by the Asia-Pacific region in the year 2015 consuming over 30% of overall revenue. It is expected to witness substantial growth due to the rising number of OEMs in this region. Moreover, key consumer of industrial laser and subsystems is expected to be China which is raising its applications in material processing and micro processing.
Regulations set by governments that lay permanent and clear paths for the use of laser processing are also expected to drive the growth of laser processing technology across several regions. Additionally, the growing automotive sector in the European region with rising adoption of laser processing are expected to boost the demand of this technology over the forecast period.

Competitive Insights

Few major global players present intense competition which essentially is the characteristic of the market. These key players hold a majority of the market share. New product developments and research procedures are undertaken by firms so that newer business opportunities are available in front of them.
Universal Laser Systems is the firm that provides products to the military branches and security agencies for custom parts fabrication, asset management and other security and production uses. Naval bases, Air bases and military bases all over the world use this technology. Major players in the market are LaserStar Technologies, Amanda Co. Ltd., IPG Photonics Corporation and Newport Corporation.

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