Passive Optical Network Market Latest Innovations, Drivers and Industry Key Events by 2025

The global passive optical network (PON) market is expected to reach USD 43.43 billion by 2025, according to a new report conducted by Grand View Research, Inc. Passive optical network equipment offers higher efficiency with better bandwidth and utilizes larger variable length packets. The telecom operators in the industry are transitioning their switches from fiber to the business to the fiber to the home and fiber to the building rollouts leading to the growth of PON equipment.

The equipment market is consolidated in nature with few major players dominating their presence in the market. Hence, mergers and acquisitions and strategic alliances are formed to recognize the transformational value of the products associated. The advancements in the networking technologies have led to the development and adoption of optical network services.

Furthermore, the increasing focus of players on upgrading the existing networks to PON for higher broadband speed and the growing number of connected devices both outside and inside the residential complexes is anticipated to proliferate the industry.

The increasing demand for energy conservation and strong optical network setup is expected to fuel the market growth. Emerging regional markets, such as Asia Pacific, offer strong growth opportunities for the technology owing to intensive bandwidth applications.

Increasing R&D and investments from private and public sectors along with factors such as exceeding data traffic are projected to be the key drivers for the industry. The North American and European regions captured a market share of over 50% owing to increasing use of passive optical network equipment.

However, short range on the operator’s premises and high installation cost at the are likely to hinder the market growth over the forecast period.

Access Research Report of Passive Optical Network Market @ www.grandviewresearch.com/industry-analysis/passive-optical-network-pon-equipment-market

Further key findings from the report suggest:

• Passive optical network is gaining attention in the market owing to the ability to implement a point-to-multipoint architecture
• The GPON based equipment is projected to dominate the market with a CAGR of over 20% over the forecast period
• Fiber-to-the-home (FTTH) applications of the market are gaining traction owing to the increasing adoption among the telecom carriers
• The Asia Pacific market is expected to witness significant growth owing to increasing investments in research infrastructure
• The major industry players in the PON market include Huawei Technologies Co. Ltd., Calix Inc., Alcatel-Lucent S.A., and ZTE Corporation

Grand View Research has segmented the PON market based on structure, component, application, and region:

PON Structure Outlook (Transaction Revenue, USDBillion;2014 - 2025)

• GPON
• EPON
• WDM-PON

PON Component Outlook (Transaction Revenue, USD Billion;2014 - 2025)

• ONT
• OLT

PON Application Outlook (Transaction Revenue, USD Billion;2014 - 2025)

• FTTx
• Mobile Backhaul

PON Regional Outlook (Transaction Revenue, USD Billion;2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Smart Parking System Market With Strong Application and Scope By 2025

The global smart parking system market is expected to reach USD 10,380.9 million by 2025, according to a new report by Grand View Research, Inc. An anticipated upsurge in demand for parking management systems for transport transit and commercial applications is expected to drive the growth in the market.

Favorable government initiatives and increasing public sector funding to roll out solutions aimed at addressing traffic congestion issues are anticipated to drive the market growth. Furthermore, the inclusion of sophisticated features, such as voice guidance, handicapped parking, and auto-payment options enabled through smartphone apps, are also expected to contribute to the growth of the market.

Ensuring adequate parking space is turning out to be a challenge for civic administrations as the number of automobiles continues to increase. The demand for intelligent parking systems is rising across the globe as a result. These systems can effectively address traffic congestion issues and parking-related concerns. They can also open potential opportunities for reusing commercial and municipal areas and garages, thereby reducing fuel consumption, curtailing vehicular emissions, and subsequently making the cities cleaner and greener.

However, a looming lack of funding initiatives as well as organizational awareness about the advantages associated with smart parking, particularly in underdeveloped regions, is anticipated to restrain the growth of the market over the forecast period.

Access Research Report of Smart Parking System Market @ https://www.grandviewresearch.com/industry-analysis/smart-parking-system-market

Further key findings from the report suggest:

• The hardware segment dominated the market in 2018 owing to the decisive role various hardware components play in detecting the presence of the vehicles in parking slots.
• The signage segment is expected to grow at a CAGR of 16.4% over the forecast period, as signages can help in preventing confusions and the resultant mishaps by guiding drivers in appropriate directions.
• The consulting services segment is expected to witness significant growth over the forecast period. Consulting services envisage providing an analysis of the volume of traffic that needs to be managed and recommending potential solutions according to the need.
• Off-street parking segment dominated the smart parking system market as off-street parking offers easy and swift pay-and-park solutions, which can distribute tickets automatically, thereby reducing congestions at entrances.
• The government segment is estimated to reach USD 4,187.6 million by 2025 in line with the increasing need for managing on-road vehicles and minimizing fuel emissions, which would, in turn, lead to large-scale adoption of intelligent parking management systems in the government sector.
• The European region accounted for over 30.0% of the global revenue share in 2018. The continued interest of automobile manufacturers in the region in developing intelligent parking systems is anticipated to drive the growth of the regional market.
• On-demand valet parking coupled with the increasing demand for parking management systems at public venues, including shopping malls and sports complexes, in countries, such as Japan and China, is expected to fuel the demand for parking management systems in the Asia Pacific regional market.
• The key players in the market include Amano McGann, Inc.; Cisco Systems, Inc.; Conduent, Inc.; SKIDATA AG.; Streetline, Inc.; Parkmobile LLC; ParkMe, Inc.; Robert Bosch GmbH; and Nedap N.V.; among others.

Grand View Research has segmented the global smart parking system market on the basis of hardware, software, service, type, application, and region:

Smart Parking System Hardware Outlook (Revenue, USD Million, 2014 - 2025)

• Pucks (wireless sensors)
• Cameras and LPRs
• Smart Meters
• Signage
• Parking Gates

Smart Parking System Software Outlook (Revenue, USD Million; 2014 - 2025)

• Parking Guidance System
• Analytics Solutions

Smart Parking System Service Outlook (Revenue, USD Million; 2014 - 2025)

• Consulting Services
• Engineering Services
• Mobile App Parking Services

Smart Parking System Type Outlook (Revenue, USD Million; 2014 - 2025)

• On-Street
• Off-Street
  • Garage Parking
  • Lot Parking

Smart Parking System Application Outlook (Revenue, USD Million; 2014 - 2025)

• Commercial
• Government
• Transport Transit

Smart Parking System Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • K.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Commercial Vehicles Market to Reach Around $2.27 Trillion by 2025|Ashok Leyland, Volvo Car Corporation

The global commercial vehicles market size is expected to reach USD 2.27 trillion by 2025, according to a study conducted by Grand View Research, Inc. The market is projected to expand at a CAGR of 7.1% during the forecast period. Increased urbanization, coupled with rising spending on infrastructure development in emerging economies such as China, India, and Turkey, are expected to drive the market over the forecast period. Several suppliers are shifting their focus on improving R&D capabilities while enhancing operational efficiency, which is also projected to play a pivotal role in boosting market growth.

In addition, increasing penetration of electric commercial vehicles is also anticipated to contribute toward market expansion over the coming years. Adoption of electric vehicles (EVs) is primarily driven by need to meet emission reduction standards and regulations enforced by government bodies worldwide. Commercial vehicle telematics is another trend that is gaining traction and is anticipated to have a positive impact on the market over the forecast period.

To meet changing market needs, original equipment manufacturers (OEMs) across the globe are focusing on integrating innovative technologies, such as keyless entry/ignition, engine diagnostics, mobile connectivity, and an array of novel applications that assist in vehicle control. All these efforts by OEMs are expected to significantly contribute to global market growth over the coming years.

Access Research Report of Commercial Vehicles Market @ www.grandviewresearch.com/industry-analysis/commercial-vehicle-market

Further key findings from the study suggest:

• Expanding e-commerce industry and availability of easy finance options are anticipated to play a key role in boosting the commercial vehicles market growth
• Increasing spending on infrastructural development and efforts taken by OEMs to provide value-added services focused on enhancing in-vehicle experience are projected to drive market demand
• The global market is expected to register a volume-based CAGR of over 6.0% from 2018 to 2025, primarily as a result of sustained economic activity in emerging markets
• The light commercial vehicles (LCVs) segment recorded consistent growth from 2014 to 2017 and this trend is expected to continue over the forecast period due to expansion into newer markets such as Africa and Southeast Asia
• The logistics segment is anticipated to witness high demand for commercial vehicles, primarily due to rise in trade and e-commerce activities across the globe
• Rapid urbanization and improving road infrastructure in Asia Pacific are projected to drive the region to register a revenue-based CAGR of more than 8.0% from 2018 to 2025
• The market is marked by the presence of numerous participants such as Tata Motors, Volkswagen AG, Ashok Leyland, Volvo Car Corporation, and General Motors. These players implement various inorganic and organic growth strategies to maintain their presence and withstand intense competition.

Grand View Research has segmented the global commercial vehicles market based on product, end use, and region:

Commercial Vehicles Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 - 2025)

• Light Commercial Vehicles (LCVs)
• Heavy Trucks
• Buses & Coaches

Commercial Vehicles End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 - 2025)

• Industrial
• Mining & Construction
• Logistics
• Passenger Transportation
• Others

Commercial Vehicles Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Business Intelligence Software Market will be worth USD 48.5 Billion by 2025

The global business intelligence software market size is expected to reach USD 48.5 billion by 2025 at a CAGR of 10.1%, according to a new report by Grand View Research, Inc. Proliferation of internet technology and growing demand for data-driven models across various organizations is expected to boost the market growth. Business intelligence (BI) forms a crucial component for success of any organization and leads them towards accessing information to enhance their work processes. BI is instrumental in identifying the opportunities and threats by enabling the organizations to adapt to the dynamics of operations, thus helping to survive in the corporate world.

BI tools are essential for smooth functioning of BI software, as such tools have a huge impact on possibilities and functionalities of BI applications. BI software is increasingly being used in various end-use industries to streamline operations, reduce costs, minimize risks, and strengthen the relationships between suppliers and customers. These factors are expected to drive the market over the forecast period.

Inception of novel technologies and rise in number of BI vendors in domains such as machine learning and analytics is expected to stimulate the market growth. In addition, data sets need organizations to invest in advanced technologies such as artificial intelligence, machine learning, and big data to strengthen the analysis of enormous data sets. The software can help employees in claiming the responsibility of their respective work areas by using the operating numbers and facts, and making data-driven decisions. Additionally, adoption of BI tools helps in improving visibility across the organization by helping employees in understanding the organization-wide decisions and gauging the impact of their respective decisions against the enterprise as a whole.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/business-intelligence-software-market

Further key findings from the report suggest:

• The cloud BI segment dominated the market in 2018 and is expected to maintain its dominance over the forecast period. The segment covers the cost for hardware and software problems and offers feasible solutions without any major alteration
• The executive management segment is expected to gain traction as BI software is widely used in large organizations to implement strategic decisions
• BI software is majorly used in the banking sector due to technological advancements and customer oriented way of working
• The small and medium enterprises segment is expected to exhibit the highest CAGR of 10.7% over the forecast period. Increasing number of small and medium enterprises globally and rising demand to modernize their operations is driving the small and medium enterprises segment
• In the manufacturing sector, BI software is being widely adopted, since data-driven models have replaced the process-oriented models
• The Asia Pacific regional market is expected to register highest growth over the forecast period. Rising volume of data and the growing need for competitive insights across end use industries is expected to drive the growth of BI market in the region
• Key players in the market include Cloud9 Analytics; Google, Inc.; IBM Corporation; Informatica; Microsoft Corporation; Oracle Corporation; SAP SE; SAS Institute, Inc.; and Tableau Software.

Grand View Research has segmented the business intelligence (BI) software market based on technology, function, tool, deployment, enterprise size, end use, and region:

Business Intelligence Software Technology Outlook (Revenue, USD Billion, 2014 - 2025)

• Cloud Business Intelligence
• Mobile Business Intelligence
• Social Business Intelligence
• Traditional Business Intelligence

Business Intelligence Software Function Outlook (Revenue, USD Billion, 2014 - 2025)

• Executive Management
• Finance
• Information and Deployment
• Sales and Marketing

Business Intelligence Software Tool Outlook (Revenue, USD Billion, 2014 - 2025)

• Dashboards & Scoreboards
• OLAP & Visualization Tools
• Predictive Analysis
• Query, Reporting & Search Tools

Business Intelligence Software Deployment Outlook (Revenue, USD Billion, 2014 - 2025)

• On-premise
• Hosted

Business Intelligence Software Enterprise Size Outlook (Revenue, USD Billion, 2014 - 2025)

• Large Enterprises
• Small & Medium Enterprises

Business Intelligence Software End-use Outlook (Revenue, USD Billion, 2014 - 2025)

• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Others

Business Intelligence Software Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Market for Consumer Drone to Reflect Steadfast Expansion by 2024|Key participants WL Toys, Syms Toys

The global consumer drone market size is expected to reach USD 4.19 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the market can be attributed to surging eminence of drone flying as hobby initiatives such as UAV photography and racing. Administrative support through permitting drone flying for non-commercial purposes in select geographies is stimulating the growth of global consumer drone market.

Consumer UAVs have gained prominence owing to their ability of high-resolution image and video capturing, dynamic novel design concept, as well as adequate operational intervals. Upcoming favorable initiatives by regulatory bodies, such as Federal Aviation Authority (FAA) and European Aviation Safety Agency (EASA), and increasing governmental spending on such advanced UAVs are anticipated to drive the industry growth over the forecast period.

An emerging trend in the industry is the development of drones with hydrogen fuel cells that in the back end conserve energy and supply power to UAVs, thereby enabling longer flight hours. Furthermore, dynamic concept design and enhanced flight capability of UAVs have revolutionized the gaming, electronics, and associated hobby markets.

Aerial photography enthusiasts are profoundly accepting drones in complimenting their hobby of exploring and capturing dynamic images and videos. The introduction of high-resolution HD 4K cameras and advanced Gimbal systems by manufacturers are presumed to boost the adoption of UAVs in photography and nature exploration.

However, smaller flight time due to shorter battery life of drones, as well as registration obligations, to regulate the issuance of official drone registration certificate in select geographies are anticipated to challenge the industry growth over the forecast period.

Access Research Report of Consumer Drone Market@
http://www.grandviewresearch.com/industry-analysis/consumer-drone-market

Further key findings from the report suggest:                                                                       

• Multi-rotor drones dominated the overall market, both in terms of revenue and volume. They accounted for over 85% of the overall volume share in 2015 and are poised to witness significant growth over the next eight years. Multi-rotor drones are increasingly used in racing and photography applications. The ability to perform under extreme conditions and development of various innovative applications are the primary factors driving the increased adoption of multi-rotor drones.
• Nano drones are anticipated to witness significant growth over the forecast period, growing at a CAGR of over 30% from 2016 to 2024. The growth in demand for nano drones can be attributed to their portability and efficient application in photography and security applications. These small-sized drones incorporate a low cost of maintenance, operation, and production. Manufacturers are increasingly integrating nano drones with gimbaled sensors to provide effective controlling and extend its application base.
• Projected to grow at an estimated CAGR of close to 30%, from 2016 to 2024, prosumer application segment dominated the overall market share, both in terms of volume and revenue in 2015. Rapid increase in aerial photography can be attributed to the growth of photography as a hobby and aligned technologies. Moreover, FPV racing is being increasingly promoted as a recreational hobby in some regions owing to rising adoption of UAVs in the gaming segment.
• Drones’ demand in toy/hobbyist application was estimated to be over 270 thousand units in 2015 and is presumed to witness substantial growth in the near future. It is envisioned to surpass prosumer application segment in terms of volume by 2018. The growth in this segment can be attributed to increasing adoption of drone flying as a hobby initiative and customized UAV fabrication.
• Asia Pacific is anticipated to witness considerable growth over the next eight years, growing at a CAGR of close to 35% from 2016 to 2024. The region incorporates substantial growth potential owing to the increasing development of innovative technology solutions for drones and aiming to manufacture them at a lower cost. Increasing investments by Japan and China for the development of multifunctional drones for various applications is expected to drive the regional industry growth in the recent future.

Grand View Research has segmented the global consumer drone market on the basis of product, application, and region.

Consumer Drone Product Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 - 2024)

• Multi-rotor
• Nano
• Others (Fixed-wing, hybrid)

Consumer Drone Application Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 - 2024)

• Prosumer
• Toy/Hobbyist
• Photogrammetry

Consumer Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Billion 2013 - 2024)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
• Latin America
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

4K Set-top Box Market to Exhibit Impressive Growth by 2024|Key Industry Participants ZTE Corporation, SAGEMCOM

The global 4K Set-top Box (STB) market size is projected to reach USD 7.18 billion by 2024, as per a new report by Grand View Research, Inc. The growing inclination of the global public towards ultra-high definition video viewing can be attributed as a major reason for the 4K STB market growth.

The demand for media-rich home entertainment services among consumers is increasing and is anticipated to fuel market growth. The growth is further fostered by favorable government initiatives, large-scale digitization programs, and mandatory installation of set top boxes. Improved standard of living owing to increased purchasing power is positively impacting the industry growth.

The initiatives undertaken by the Federal Communications Commission for supporting third party STB manufacturers is paving the way for the expansion of the Ultra High-Definition (UHD) STB industry. The market is anticipated to gain traction in Asia Pacific owing to the strong presence of low-cost set top box manufacturers, especially in countries such as Korea, Taiwan, and China.

The increasing penetration of 3D and 4K TVs and escalating demand for large screen displays are fueling the demand for Ultra High-Definition (UHD) STBs. Smart features such as STB operability through voice commands given by Remote Control Unit (RCU) is garnering high potential. The computational capabilities of STBs in combination with the advent of quality standards to satiate growing customer expectations have culminated in the STB market growth.

Access Research Report of 4K Set-top Box (STB) Market @ www.grandviewresearch.com/industry-analysis/4k-set-top-box-market

Further key findings from the report suggest:

• Internet Protocol Television (IPTV) 4K STBs accounted for over 20% of the market share in 2015 and are expected to witness considerable growth over the forecast period. Increasing broadband penetration can be attributed as the major reason for the rise in the market share of IPTV 4K Set-top Box devices. The IPTV set top box product segment is projected to gain traction owing to benefits such as integration of TV, PC, home phone, and wireless devices offering a high quality of viewing experience to the end-users.
• The Asia Pacific 4K STB market was valued at over just over USD 50 million in 2015 and is projected to witness high growth over the next eight years. India is poised to emerge as a lucrative market for UHD STBs with the country expected to witness a CAGR substantially higher than the regional average. Several DTH operators such as Tata Sky, Videocon, and Airtel have launched UHD STBs and are attempting to achieve a higher rural penetration with affordable regional packages.
• Key industry participants include ZTE Corporation, SAGEMCOM, Arion Technology, Roku Inc., and Infomir LLC. Manufacturers are emphasizing on UHD STBs incorporated with interactive 4K content to gain a competitive edge in the industry.
• Technology giants such as Apple Inc. have managed to make their mark in this competitive industry. The Apple TV device aids the streaming of (Over-The-Top) OTT content and other videos over the internet. The launch of advanced OTT devices such as Google Inc.’s Chromecast media streaming device and Amazon’s Fire TV STBs have opened up new avenues in the industry.

Grand View Research has segmented the global 4K Set-top Box (STB) market on the basis of product and region:

4K Set-top Box (STB) Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 - 2024)

• IPTV
• Satellite
• DTT
• OTT
• Hybrid

4KSet Top Box (STB) Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 - 2024)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • India
  • China
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Market for Surface Vision and Inspection to Reflect Steadfast Expansion During 2012 – 2022

The global surface vision and inspection market size is expected to reach USD 16.39 billion by 2022 according to a new report by Grand View Research, Inc. Surge in demand for vision and inspection systems across manufacturing industries is expected to drive demand over the forecast period. Advances in manufacturing activities have led to mass production in order to reduce overall operational cost. However, it increases the probability of errors and defects, thereby making machine vision (MV) systems essential for high product quality.

Surface vision and inspection systems help in waste reduction, increase in production efficiency, and minimizes production cost. Moreover, these systems provide instant quantitative feedback such as quantity and type of defects. Further, continuous advances in the technology has led to improved systems, which exhibit high accuracy and reduced application development time.

Owing to stringent regulations to improve food & drug safety and to fight counterfeiting, several food and pharmaceutical manufacturers are increasingly focusing on traceability. Inspection systems deliver value in being able to prevent parallel trade through unauthorized channels, stop counterfeiting and achieve greater visibility.

Access Research Report of Surface Vision and Inspection Market @ www.grandviewresearch.com/industry-analysis/surface-vision-inspection-market

Further key findings from the study suggest:

• The camera components used for inspection are expected to grow at a CAGR of over 9.0% over the forecast period. Cameras are becoming lighter, smaller and less expensive, which is expected to drive the demand over the future. Moreover, images produced more accurate and sharper. Further, demand for smart cameras is increasing across small and medium size manufacturers as they can easily be integrated with existing manufacturing infrastructure.
• Automotive application segment is expected to witness significant growth exceeding over USD 5.0 billion by 2022, with a CAGR of over 10% over the forecast period. Increasing complexities in automobiles brings the possibility for greater production errors. To achieve high quality and minimize defects, manufacturers are increasingly relying on error detection systems, which are expected to drive the industry growth over the next seven years.
• Medical segment accounted for over 15% of overall revenue share in 2014, which is expected to witness substantial growth over the forecast period. In order to maximize yields, improve the flexibility of lot manufacturing and increase throughput, pharmaceutical producers are increasingly adopting vision systems.
• Asia Pacific surface vision and inspection market is expected to grow at a CAGR of over 14% over the forecast period. Major manufacturers in the industry are based in China, owing to cheap labor and higher production capacities. Further, growing industrial base and increasing manufacturing facilities of China and India may contribute to the regional growth.
• Key industry participants include Adept Technology, Inc., Cognex Corporation, Baumer Inspection, Edmund Optics Inc, ISRA Vision AG, ETS SuperVision BV, Matrox Imaging, Industrial Vision Systems Ltd., Microscan Systems, Inc., Panasonic Corporation, Omron Corporation, Teledyne DALSA Inc., Perceptron Inc. and Vitronic GmbH.

Grand View Research has segmented the global surface vision and inspection market on the basis of component, application and region:

Surface Vision And Inspection Component Outlook (Revenue, USD Million, 2012 - 2022)

• Camera
• Optics
• Lighting Equipment
• Frame Grabber
• Hardware & Software

Surface Vision And Inspection Application Outlook (Revenue, USD Million, 2012 - 2022)

• Automotive
• Electronics & Electrical
• Medical
• Food & Beverages
• Logistics & Postal Sorting
• Others

Surface Vision And Inspection Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
  • Korea
• Latin America
  • Brazil
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Quantum Dot Display Market Revenue Sales to Reach USD 3.96 Billion by 2022

The global quantum dot display market size is expected to reach USD 3.96 billion by 2022 according to a new report by Grand View Research, Inc.

Increasing awareness regarding energy-efficient displays is expected to boost global quantum dot display market growth. Surge in demand for advanced QLED powered TVs has propelled industry growth.

Advancements in quantum dot (QD) technology have made them useful for television manufacturers giving them a competitive edge in the industry. Creating better color with color tuning features has become a key selling point for display manufacturers. Moreover, adoption of QDs is expected to increase in smaller displays such as in smartphones and tablet devices owing to its capabilities in creating sharp crisp displays.

Cadmium-containing semiconductor-based QDs exhibit superior performance as compared to their cadmium-free counterparts. However, the toxic nature of such heavy metals has raised environmental concerns. Regulations in EU and Japan restrict the use of cadmium, compelling vendors to focus on the development of Cadmium Free Quantum Dots (CFQD). Manufacturers offering high-performance cadmium-free QDs in adequate volumes are expected to gain competitive advantage in the market moving forward.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/quantum-dot-qd-display-market

Further key findings from the report suggest:

• QD based LEDs or QLEDs segment dominated the global quantum dot display industry accounting for over 45% of the market share in 2014. QD LED technology enables OEMs to manufacture UHD TVs with enhanced color gamut as compared to OLED UHD TVs, at reduced costs and improved energy-efficiency. In 2014, Samsung progressed from conventional UHD OLED TVs to QD-based LED 4K TVs to evade high development costs. Competitor TV companies such as Panasonic, LG,and Sharp have started developing UHD TVs incorporating QD technology, thereby driving the industry’s growth prospects.
• QDs are made up of binary compounds such as cadmium selenide, cadmium sulfide, cadmium telluride, and indium arsenide. However, toxicity of cadmium and global environmental regulations like the Restriction of Hazardous Substances (RoHS) Directive and the Toxic Substances Control Act have limited the amount of heavy metals such as cadmium, lead, and mercury that can be used in consumer electronic devices resulting in increased production of CFQD technology, and opened the doors for OEMs to use QDs in a variety of consumer electronic display devices.
• Consumer electronics segment dominates the QD display market accounting for over 70% of the revenue share owing to increasing use of this technology in TVs and mobile devices. In healthcare, such display technology is extensively used in activities such as cancer diagnosis, DNA labeling, cellular labeling, and biological imaging.
• North America dominated the global quantum dot display industry acquiring over 40% of the overall global revenue share in 2014. Key QD manufacturers in the industry are based in the U.S. owing to extensive R&D spending over advanced QD display technologies and high production capacities.
• Key industry participants include Dow Chemical, Nanoco Group, Nanosys, and Quantum Material Corporation. In addition to these, consumer electronic giants such as LG and Samsung are making joint efforts to develop and encourage the use of CFQD, with the latter already incorporating such advanced technology in its SUHD TV models.

Grand View Research has segmented the global quantum dot display market on the basis of component, material, application, and region:

Quantum Dot Display Component Outlook (Revenue, USD Million, 2012 - 2022)

• Tube
• Film
• LED 

Quantum Dot Display Material Outlook (Revenue, USD Million, 2012 - 2022)

• Cadmium-containing
• Cadmium-free 

Quantum Dot Display Application Outlook (Revenue, USD Million, 2012 - 2022)

• Consumer Electronics
• Healthcare 

Quantum Dot Display Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Data Center Networking Market Expected to Witness a Sustainable Growth over 2025

The global data center networking market size is projected to reach USD 40,905.7 million by 2025, registering a CAGR of 11.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing volumes of unstructured data across various industry verticals are expected to drive the demand for data center networking solutions. The proliferation of cloud computing and the emergence of advanced data center operating models are also expected to drive the market growth over the forecast period.

Data center networking helps organizations in organizing and consolidating information at a single platform before it is exposed to cross-channel systems and processes. It also enables organizations to connect effectively with their customers operating in diverse industry verticals. Optimum performance, improved integration of servers, and reduction in operational cost are some of the major benefits that are driving the popularity of data center networking solutions.

Organizations are emphasizing on having a state-of-the-art infrastructure for resolving the concerns and fulfilling the expectations of their customers efficiently. The integrated information is stored, analyzed, and managed on shared platforms using different networking solutions, thereby enabling service providers to modernize their business models and augment their revenues. As such, the growing need for channelizing information to optimize the day-to-day networking operations is expected to drive the demand for data center networking solutions over the forecast period.

The market is also expected to grow in line with the growing preference for cloud-based storage platforms, the increasing need for protecting cyberattacks, and the rising demand for real-time analytics. Data center networking guarantees on-demand access to information and allows businesses to focus on augmenting the sales of their products. Data center networking can also be considered as an efficient mode of disaster recovery as it offers access to clone databases and operational restore & recovery functions.

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Further key findings from the study suggest:

• Continued digitalization and growing adoption of cloud computing, particularly in Asia Pacific and Europe, are expected to drive the market growth over the forecast period
• The storage area network (SAN) segment accounted for the largest market share in 2018 and is expected to witness significant growth over the forecast period owing to the rising adoption of different combinations of computation mechanisms
• The BFSI segment is expected to register the highest CAGR over the forecast period as industry verticals, such as BFSI and IT & Telecom, are particularly focusing on adopting incremental networking technologies to maintain their critical infrastructure assets
• Asia Pacific is estimated to witness the highest CAGR of over 14% over the forecast period. Aggressive adoption of data center infrastructure in South Asia is expected to drive the growth of the regional market
• Key data center networking market players include Alcatel-Lucent S.A.; Cisco Systems Inc.; Dell Inc.; Equinix Inc.; HP Development Company, L.P.; Hitachi Data Systems Corporation; IBM Corporation; and Vmware, Inc.; among others
• Market players are pursuing various strategies, such as mergers & acquisitions and product portfolio expansion, for gaining a competitive advantage over their rivals.

Grand View Research has segmented the data center networking market based on product, end use, and region:

Data Center Networking Product Outlook (Revenue, USD Million, 2015 - 2025)

• Ethernet Switches
• Routers
• Storage Area Network (SAN)
• Application Delivery Controllers (ADC)
• Network Security Equipment
• WAN Optimization Equipment
• Others

Data Center Networking End Use Outlook (Revenue, USD Million, 2015 - 2025)

• BFSI
• IT & Telecom
• Healthcare
• Retail
• Education
• Government
• Media & Entertainment
• Manufacturing
• Others

Data Center Networking Region Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Incontinence And Ostomy Care Products Market Top Players ,Analysis And Forecast Till 2020

Recent Market Developments

In May 2017, B. B. Braun Medical Inc., which offers a line of ostomy products to patients and healthcare facilities, introduced the Flow Collector™ as part of the B. Braun High Output System at the 49^th annual Wound, Ostomy and Continence Nurses (WOCN) Conference. With a 2-liter collection bag and 5-foot-long discreet white tube (cuttable every 12 inches to adjust length), the Flow Collector is designed for high capacity body waste. The large capacity bag is designed to give patients more autonomy since it does not have to be emptied as often as smaller bags. These innovations help the industry stay its ground in the market.

In Mary 2018, Stimatix GI Ltd., a leading developer of low-profile innovative solutions for colostomy management, disclosed that B. Braun Medical SAS as the acquirer of its assets. Under the agreement, B. Braun acquired Stimatix GI's assets and agreed to sell Stimatix GI's ostomy products worldwide. The acquisition transaction included a cash payment at closing, milestone payments, and royalties from future sales of Stimatix GI's products. This collaboration has been beneficial for both the companies and is expected to keep the demand up in the recent years to come.

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In July 2019, Coloplast presented two new members of the SenSura® Mio family, SenSura® Mio Baby and SenSura® Mio Kids. The new products are designed specifically for premature babies and kids. The SenSura® Mio Baby products aim to provide longer wear time, as especially premature babies have sensitive skin, which needs as much peace and quiet as possible. The new products include a best practice guideline developed by pe diatric stoma care nurses with solid experience with babies and kids living with a stoma. This developments pushes the demand for ostomy care products in the market.

In October 2018, Enka Hijyen, a member of Imam Kayalı Holding that has been producing disposable baby diapers since early 2016, started  supplying adult diapers under the Paddlers brand. Paddlers are suitable for users with sensitive skin, and the diapers feature a textile backsheet, super absorbent particles, extra dryness layer and four strong side tapes. These benefits makes it a highly  sought-after product.

In May 2017, ConvaTec Group Plc, a leading global medical technology company, announced the U.S. launch of Sensi-Care Skin Protectant Incontinence Wipes, providing customers with an advanced solution to help protect patients with skin at risk of breakdown due to incontinence. The launch expands the company’s presence in a growing segment of the $500 million wipes market, and adds to its portfolio that helps protect the skin, which includes Aloe Vesta and Sensi-Care cleansers, moisturizers, and moisture barriers, and supporting products such as AQUACEL Foam Pro dressings and Flexi-Seal Signal Fecal Management Systems.

In 2019, 180 Medical, a leading nationwide supplier of intermittent catheters and ostomy supplies, announced that they now offer incontinence products. This new expansion of their supply line allows them to extend their highly reviewed customer service and top-quality incontinence supplies for patients living with urinary incontinence, fecal incontinence, and other medical conditions that may cause neurogenic bladder and/or neurogenic bowel. Also, this new expansion provide 180 medical an opportunity to make it big in the new market, providing a mmassive boost to the market as well with fresh line of investments.

In 2019, Hollister Incorporated, a US-based company that develops, manufactures, and markets healthcare products and services worldwide, launched the Infyna Chic intermittent catheter, the latest in the company's line of female hydrophilic catheter products. The Infyna Chic catheter joined the Infyna Standard and Plus catheters to complete the Infyna portfolio, offering women a range of options to meet their individual needs. This new addition boosted the demand in the female incontinence care products area, providing healthcare touch to make their life easier.

In May 2019, Poise® Brand Launches New Bladder Leakage Line Empowering Women to Stay Active Without Interruption. The latest addition to Poise brand's already robust selection of incontinence pads and liners aligns with their mission to help the millions of women affected by Stress Urinary Incontinence (SUI) find the best solution for their lifestyle, keep doing the things they love and stay amazing without worrying about bladder leaks.

Pico Projector Market to Undertake Strapping Growth By 2022

Recent Developments

COVID-19 pandemic has caused major supply chain disruption for the electronics market as the manufacturing units were largely sourced from China, source of pandemic. Also, due to lockdown situations over many countries the manufacturing companies have been lockdown due to shortage of laborers as well. These conditions has caused the slowdown in growth of electronics market and only after lifting of lockdown things are going to take a turn for better.

In September 2019, ColorChip, a global leader in photonic integrated technologies, introduced a highly innovative, ultra-compact, efficient RGB Pico-Projector based on a patented PLC SystemOnGlass (SOG) platform, advancing the core-technology eco-system required for Tethered and Standalone AR/VR SmartGlasses, where stringent demands on power efficiency and compactness are paramount. It is going to be an extra-ordinary support to the tech-savvy world highly dominated by AR and VR. Development of these technologies is going to boost the demand for this projector.

In August 2019, AAXA Technologies announced the release of S2 Pico Projector. The S2 Pico projector features a massive 6-hour 15000mAh battery*, improved onboard speakers, and Direct Smartphone Mirroring through its USBC (compatible) port. The AAXA S2 Mini HD Projector is a high performance solid-state mini projector that delivers true native 720P (1280x720) performance and is able to deliver up to 6 hours of projection playback anytime, anywhere. With improved specs and great battery, this projector took to the market like a fish to water. It generated great demands and is looking forward to generating it more in the coming years.

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In September 2019, Taiwanese multinational hardware firm Acer unveiled a portable LED projector at consumer technology tradeshow IFA Berlin. Claimed to feature the world's first auto-portrait mode to provide users with an effortless way to share smartphone content anytime, anywhere, the C250i has a unique twisted design, making it stand-free and adding support for multi-angle orientation. Multiple benefits and cutting edge technological innovations boost its demand in the market all over.

In June 2017, MicroVision Collaborates with Ragentek on VOGA V Smartphone with Embedded Pico Projector. Ragentek, a Chinese-based smartphone manufacturer and solution company with top selling phones in China, India, Brazil and other countries, placed a $6.7 million order with MicroVision for a customized display engine, PSE-0403-103, to be embedded in its VOGA V smartphone. This win-win collaboration has  certainly been fruitful for both the party in the past and is expected to bear fruits of labor in the future as well.

In 2019, Samsung patents a new portable projection system that can be mounted on a wall or sit on a table. The projection system can be controlled by a smartphone or any other kind of computers such as a tablet, laptop, desktop, wearable devices like a smartwatch or a set-top-box. It can be used efficiently in the future pico projectors manufacturing, giving it an extra-edge.

In August 2018, BenQ, makers of projectors, LCD screens and other IT hardware, has launched Joybee GP2, a pico projector, in India. The projector comes with an iPod/iPhone dock along with HDMI, SDcard slot, and USB port to connect it to other devices like PC, and other phones. This launch provides BenQ an extra edge in the Indian market of pico projector.

In 2018, Sony India launched MP-CD1 portable mobile projector in India, said to be able to transform any surface into a wide screen, making it perfect for projecting content for a large audience. The Sony MP-CD1 mobile projector is said to enhances brightness levels to reduce motion blurring and noise and ensure optimum performance. It is equipped with Texas Instruments' DLP IntelliBright technology that manages brightness and power consumption. With this new launch, Sony expects to build on the footing it has got in Indian projector market.

Disposable Medical Sensors Market Estimated to Experience a Hike in Growth by 2025

Market Factors At Play

Disposable medical device sensors are cost-effective and efficient devices that are generally used to detect and diagnose diseases in patients. These tools are used for patient monitoring by measuring basic vital signs such as heart rate, respiration rate, level of blood oxygenation, pulse rate, and temperature. In addition, disposable medical sensor devices play a crucial role in detecting the disease that causes microbes such as viruses, bacteria, and fungi.

The most important growth drivers for the disposable medical sensors market are an increase in the geriatric population coupled with the prevalence of rising diseases related to cardiovascular, and kidney disorders. In addition, increasing demand for convenient and cost-effective disposable medical devices has seen a surge in demand.

The market for disposable medical sensors is expected to be powered by technological advancements such as the cancer monitoring system, Micro-Electro-Mechanical Systems (MEMS) sensor technology, and fiber optic technology. Furthermore, government efforts to support R&D to launch innovative products are further expected to positively impact the growth of the market.

Region Specific Insights

The North America region dominates the global disposable medical sensors market owing to the involvement of a large number of industry players, and strengthened healthcare services along with growing local demand for disposable medical sensors. Furthermore, technological developments in sensor technology for medical devices have driven market growth in the region.

The Asia Pacific region is expected to see a high growth in the coming years owing to the innovative applications of medical sensors and increased awareness about therapeutic applications of disposable medical sensors in the region. It is expected that the growing economies such as India and China will lead to growth in the region's demand for disposable medical device sensors.

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Recent Significant Developments

In March 2019, Sensirion launched a sensor-connector-cable solution that provides accurate, patient-side measurement while delivering a reliable flow signal to the ventilator. The solution includes different options of cables and connectors in order to reliably transport calibrated and temperature-compensated output signals of the sensor back to the ventilator. 

In April 2020, The University Medical Center Utrecht (UMCU) in the Netherlands along with Philip's smart patient monitoring technology, said that it is remotely monitoring COVID-19 patients in isolation rooms using a biosensor. Together with Philips, UMCU has developed a solution to monitor these patients continuously yet remotely, reducing the number of times the nursing staff needs to enter the patient’s room. 

In May 2019, Royal Philips announced a collaboration with Medtronic to further advance the treatment of paroxysmal atrial fibrillation (PAF), a common heart rhythm disorder. Through the partnership,  Medtronic will facilitate sales of products on behalf of Philips to provide an innovative, image guidance solution for cryoablation procedures. Philips will launch the novel KODEX-EPD cardiac imaging and navigation system with cryoablation specific features to enable electrophysiologists to perform cryoablation procedures with reduced need for X-ray imaging. 

Thermal Management Technologies Market Get Facts About Business Strategies by 2024

Thermal management technology comprises of the utilization of various heat transfer techniques, through which heat can be removed from one place to another. These solutions generally rely heavily on convection, on account of its efficacy. There are various cooling techniques involved such as different forms of heat sinks, forced air systems and fans, thermoelectric coolers and heat pipes, among others. The continued growth in the usage of electronic devices, along with growth of the automotive sector across the globe, has necessitated the presence of thermal management technologies market.

There has been an explosive growth in the number of electronic device manufacturers worldwide, with the core aim being to make the devices as small, light and efficient as possible. There is a need to fit maximum components in the minimum space, which has led to increased power densities. Thermal management technology helps in maintaining the device temperature through the efficient dissipation of heat, and miniaturized components need such systems to ensure reliability and safety of the device in the long run.

Currently, most of the smartphones in the market weight anywhere between 150-200 grams, while offering high performance features, multiple camera setups as well as advanced AI. Laptops have also seen a drastic reduction in their overall weights, while simultaneously offering better performance, with many high-end offerings from brands such as Lenovo, Dell and Apple weighing between 2-3 lbs. This calls for smart utilization of the hardware space, so that all the components can be fit optimally, while also allowing for proper ventilation. This is a major factor driving the global thermal management technologies market.

According to the measurement company Zenith, an average smartphone user in the US spends 3.5 hours per day on their device being online. Increased usage of performance heavy features on these devices, such as streaming movies and shows, as well as playing graphics-intensive games, can lead to significant warming, which in the absence of thermal management, may ultimately lead to shorter lifespan of smartphones, or significant performance drops. Desktops and laptops are also currently needed to handle a range of tasks, from the less intensive such as creating documents or browsing the web, to more intensive such as playing the latest games. As such, thermal management technology has become a mainstay for laptops.

The growth of the automotive sector in the past few years has led to the positive development of the thermal management technologies market. The growing demand for electric vehicles across the globe has consequently increased the need for heat dissipation in electric motors. According to the Edison Electric Institute, as of March 2019, there are around 1.2 million EVs on the road in the United States. Strict federal regulations and guidelines regarding vehicular emissions, along with the targets set by various countries about meeting pollution control objectives, has also created a positive environment for the market.

In terms of product, the thermal management technologies market has been segmented into hardware, software, interface and substrates segment. The hardware segment is expected to remain a dominant segment in the next 4-5 years, on account of the continuous increase in miniaturized microprocessor production. Moreover, organizations are ramping up their efforts to increase energy efficiency and reduce their carbon footprint, which has led to increased penetration of energy-efficient systems and devices. The interface segment is expected to witness considerable growth in the coming years, as they are major heat dissipation solutions for portable and compact electronic devices, such as smartphones and tablets.

The Asia Pacific region is expected to be a major contributor to the global market revenue for thermal management technologies, on account of the growing demand for consumer electronics products, as well as the increasing automotive sales in the region. Moreover, the promotion of renewable energy sources such as solar cells by the governments is also expected to drive this market in near future. Europe is expected to be another critical regional market, on account of the presence of many advanced electronic designing and R&D facilities in countries, such as Germany and the UK.

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Recent Developments

In May 2020, Laird Thermal Systems announced the launch of the Nextreme Recirculating Chiller platform, the company’s next generation of eco-friendly recirculating chillers for precise temperature control of analytical, medical and industrial equipment. The chiller makes use of high-performance variable speed motors for noise reduction, lower room heat input and reduced energy consumption by up to 50%, when compared to conventional compressor-based systems.

In February 2020, Advanced Cooling Technologies received funding from the Navy for the second phase of the Small Business Innovative Research (SBIR) program, “Advanced Cooling Options for Multifunctional Information Distribution System (MIDS) Joint Tactical Radio System (JTRS) Terminals”. As part of the program, ACT is developing an innovative thermal management system for MIDS JTRS terminals that would improve the cooling performance of the system.

In February 2020, Honeywell extended the offerings of its Thermal IQ™ platform, with the launch of Thermal IQ Optimize, an enterprise-level remote monitoring solution. This offering ensures the safety and efficiency of thermal process equipment by providing users with real-time analytics and fault modeling with early event detection at plant, equipment and process level.

Smart Card Market is Expected to Amplify $15.4 Billion by 2025

Smart card is a device which comprises of an embedded integrated circuit, either in the form of a secure microcontroller, a solitary memory chip, or an equivalent intelligence with internal memory. A general smart card has up to 346 kilobytes of ROM, 8 kilobytes of RAM, a 16-bit microprocessor, and 256 kilobytes of programmable ROM. The card may either connect to a reader through direct physical contact, or with a remote contactless RF interface. Smart cards are available in a number of form factors, such as key fobs, plastic cards, watches, SIMs used in GSM phones, as well as USB-based tokens.

The current tech-savvy global population demands efficient, secure and fast payment transaction, and with the global push towards cashless payments, smart cards are expected to be the way ahead, since they offer much convenience to the consumers. The features provided by smart cards help in maintaining privacy of the owner, which include authentication, encryption, secure data storage, strong device security, biometrics and secure communications, among others. The market for smart cards is expected to witness very positive growth in the near future, on the back of this critical aspect.

The growing prevalence of IoT in various major sectors such as healthcare, manufacturing and education is expected to be a major driver of the smart cards market in the near future. According to Eurosmart, smart card shipments are expected to exceed 10 billion units in 2020, and the positive growth will be there for the long term, aided by the projected active connections of IoT becoming 25 billion by 2025. Smart cards are expected to expand their presence in the fields of e-commerce and personal finance in the coming years.

Smart cards are expected to become a mainstay in the retail segment, as they help in performing faster transactions and reduce checkout time. Smart card technology also has low manufacturing and handling costs, which helps in reducing the costs of operation. Smart cards also find application as transit passes, which are in use by many public transit operators around the globe; examples include Singapore’s CEPAS, London’s Oyster card and San Francisco’s Clipper card. Additionally, some operators offer points for usage that can be exchanged at certain retailers for various benefits, thus encouraging their adoption.

Based on type, the smart cards market is segmented into contact cards, contactless cards and multi-component cards. The contact cards segment is anticipated to show substantial growth in the coming years, as they are in very common use as ATM cards, SIM cards and credit cards, and the lower costs involved are expected to drive this segment. The multi-component cards are expected to show substantial growth through 2025, as they offer faster processing speed and enhanced data security. Multi-component cards are used for specific market solutions, such as vault cards, fingerprint cards and OTP display cards.

In terms of component, the smart cards market is segmented into memory-based cards and microcontroller-based cards. Microprocessor-based smart cards can hold high data volumes that are accessible by a dynamic or fixed OS. The segment is driven due to features like fraud prevention capabilities and longer lifespan. Memory-based smart cards store, read and write data to a specific location. Memory-based cards find use in the retail and banking sectors.

Smart cards find application in various major sectors such as retail, BFSI, telecommunication, healthcare and government. The data protection and secure data transaction capabilities of smart cards have made them a highly attractive proposition for the BFSI sector. The financial services segment is expected to account for 32% of the market in 2020, according to Eurosmart. The telecommunication segment is a major application area of smart cards, in the form of SIM cards. SIM cards enable security in subscriber authentication and mobile value-added services, while also allowing international roaming across networks. This segment is expected to account for more than half of the overall smart card sales by 2020.

Asia Pacific is anticipated to be a major regional consumer for the smart card technology in the coming years. The growing digitization across economies, coupled with government initiatives to go cashless in major economies such as India, have led to growing demand for smart cards in the region. Europe and North America are also expected to contribute substantially to the overall market revenue, owing to their superiority in technological advancements and the presence of major players such as American Express and Atos SE, in these regions.

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Recent Trends and Developments

The current outbreak of COVID-19 pandemic has led to a shift in the purchasing behavior of consumers in the United States, which has led to a high demand for contactless payments, according to a 2020 American Express digital payments survey. The study states that 58% of the consumers who have used contactless mode of payment are more likely to use it much more frequently, with 50% of those surveyed being of the opinion that using contactless is much safer for personal health as compared to using cash, or inserting and swiping a card. The market for contactless smart cards can thus be expected to be in much higher demand in the post-coronavirus environment.

In May 2020, CPI Card Group and Oxygen collaborated to develop the latter’s first personal and business debit cards. The collaboration involved development of two packages with clean and crisply-designed vertical cards that arrive nested in interactive packaging. Moreover, in January 2020, CPI highlighted its dual interface metal card solution, which offers contactless capability. These cards offer multi-directional contactless read-ranges with the ability to communicate with a payment reader regardless of how the card is held.

In April 2019, Thales completed the acquisition of Gemalto, which enables the former to develop solutions for addressing areas such as unmanned air traffic management, data and network cybersecurity, airport security or financial transaction security. Gemalto is now one of Thales’ 7 global divisions, called Digital Identity and Security (DIS).

Household Cooking Appliances Market To Be Worth $124.8 Billion By 2025

The global household cooking appliance market size is expected to reach USD 124.8 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.5% CAGR during the forecast period. The market has witnessed a paradigm shift over the last few years, with advanced connectivity features integrated with kitchen appliances and growing emphasis on use of energy-efficient products to comply with emission norms becoming commonplace worldwide.

There has been rising demand for advanced kitchen electronics that can help reduce cooking time and minimize hassles in the food preparation process. This demand arises from hectic schedules of the urban working-class population across developing and developed countries. The scenario is likely to lead to a notable increase in demand for advanced kitchen appliances and thus boost market growth.

Smart kitchen devices are being used widely in developed countries such as U.S., Canada, Germany, and Japan. Use of Artificial Intelligence (AI) and IoT to control and access multiple smart kitchen appliances through a remote or mobile device is gaining increased popularity. To benefit from this scenario, a number of companies are introducing smart kitchen equipment in their portfolios. For instance, in August 2018, Electrolux expanded its partnership with Google Inc. in the European market for integrating connected kitchen products with Google Assistant, allowing consumers to control products using voice commands. Such advancements are expected to bolster the global market in the next few years.

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Further key findings from the report suggest:

• The cooktop and cooking range product segment accounted for over 46.0% of the revenue in the global market in 2018
• Revenue from the ovens segment is expected to reach approximately USD 50.00 billion by 2025. Within the oven product segment, the revenue share of conventional ovens is expected to fall, whereas microwave and combination ovens are expected to gain prominence
• Key manufacturers are partnering with leading technology providers to integrate AI and IoT technology and develop products that are connected and controlled using smartphones
• Asia Pacific is expected to dominate the global market by 2025 owing to rising urban population and increasing demand for technologically advanced equipment.

Grand View Research has segmented the global household cooking appliance market on the basis of product and region:

Household Cooking Appliance Product Type Outlook (Revenue, USD Million, 2014 - 2025)

• Cooktops & cooking ranges
  • Gas
  • Electric
  • Induction
  • Others
• Ovens
  • Conventional
  • Microwave
  • Combination
• Specialized appliance

Household Cooking Appliance Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East and Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.