Proximity - Displacement Sensors Market is Expected To Grow at a CAGR of Around 9% From 2015- 2022

The global market for proximity and displacement sensors is expected to reach over USD 6 billion by 2022, growing at an estimated CAGR of around 9% from 2015 to 2022, according to a new study by Grand View Research, Inc. Technical advancement leading to miniaturization of proximity and displacement sensors is one of the key trends driving the global market towards growth. 

Moreover, factory process automation, growing awareness towards energy efficiency and rising demand for elevators and escalators are some of the major factors driving the growth of the market. In addition, booming market for smart-phones, tablets and other gadgets is propelling the demand for the sensors globally. Considering all the above mentioned factors, the global market is anticipated to reach over USD 6 billion. 

However, the implementation of integral automation system attracts a huge amount of initial investment, leading to rise in the overall cost to customers. Thus, high cost of the sensors is primarily challenging the growth of the global market.

Access Research Report of Proximity - Displacement Sensors Market @ www.grandviewresearch.com/industry-analysis/proximity-displacement-sensors-market

Further key findings from the study suggest:

• Photoelectric sensors segment accounted was valued for around 1.2 billion in 2014. Its wide application in variety of industries is mainly contributing to the largest market share of the segment amongst others.  
• Ultrasonic sensors segment is anticipated to show fastest growth rate during the forecast period. Commercial availability of technically advanced products and thereby rising adoption is one of the major factors expected to boost the demand for ultrasonic sensors during the forecast period. The segment is expected to reach over USD 290 million with CAGR of around 21% during the forecast period.  
• Parking sensors market accounted for the largest application segment market in 2014 owing to ability of installation of these sensors through OEM and aftermarket services. Thus, inbuilt sensors coupled with aftermarket installations result in largest revenue generation for the segment.
• Moreover, installation of parking sensors is costly through OEM owing to requirement of extra precautions for safety. As a result, high cost adds up to the overall revenue of generated by the parking sensors making it highest revenue generating segment.
• Booming construction industry is resulting in increased elevators and escalators which primarily use proximity and displacement sensors. Thus, the segment is anticipated to show significant growth during the forecast period among other end use segments.
• North America dominated the global market in 2014 and was followed by Europe in 2014. Highly developed automotive, construction and food and beverage industry is one of the major factors driving the growth of the market in North America Europe.
• Emerging economies of Latin America such as Mexico, Argentina and Brazil are anticipated to show fastest growth rate in terms of adoption of proximity and displacement sensors during the forecast period.
• Key driving factors for the growth of Latin American market include increasing disposable income resulting in rising purchase of electronic gadgets, and automobiles. Moreover, growth in the foreign investment in order to reduce the manufacturing cost is resulting in rapidly improving manufacturing infrastructure. Resultant industry automation is driving the growth of the sensors market in this region.
• Key players of this market include Eaton Corporation, OMRON Corporation, Honeywell International Inc., Panasonic Corporation, Pepperl+Fuchs GmbH, Standex Electronics GmbH, and Sharp Corporation

Grand View Research has segmented the Proximity and Displacement Sensors market on the basis of materials, application, end use, and region:

Proximity and Displacement Sensors, By Material

• Inductive sensors
• Photoelectric sensors
• Capacitive sensors
• Ultrasonic sensors
• Magnetic Sensors
• LVDT Sensors

Proximity and Displacement Sensors, By Application

• Parking sensor systems
• Ground proximity warning system
• Vibration monitoring and measurement
• Anti-aircraft warfare
• Roller coasters
• Conveyer System
• Mobile devices
• Assembly line testing
• Others

Proximity and Displacement Sensors, by End Use

• Automotive industry
• Pharmaceuticals industry
• Food and beverage industry
• Pulp and paper industry
• Elevators and escalators industry
• Manufacturing industry
• Metals and mining industry

 Proximity and Displacement Sensors, By Region

• North America
  • Proximity and Displacement Sensors, By Type
  • Proximity and Displacement Sensors, By Application
  • Proximity and Displacement Sensors, By End Use
• Europe
  • Proximity and Displacement Sensors, By Type
  • Proximity and Displacement Sensors, By Application
  • Proximity and Displacement Sensors, By End Use
• Asia Pacific
  • Proximity and Displacement Sensors, By Type
  • Proximity and Displacement Sensors, By Application
  • Proximity and Displacement Sensors, By End Use
• Rest of the World (RoW)
  • Proximity and Displacement Sensors, By Type
  • Proximity and Displacement Sensors, By Application
  • Proximity and Displacement Sensors, By End Use

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.

Construction Equipment Rental Market Industry Analysis, Opportunity Assessment And Forecast Till 2027

The global construction equipment rental market size is expected to reach USD 136.5 billion by 2027, growing at a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. The key factor driving the market is the growing construction industry, particularly in developing countries, owing to various growth opportunities in infrastructure, residential, and non-residential sectors. Shifting trends towards renting construction equipment due to various cost-benefits is also expected to propel the growth of the market. Avoidance of initial purchasing cost, lower repair and maintenance cost, and shielding from market fluctuation are also some factors that promote the use of these heavy machines on rental basis. The dynamic nature of the construction industry leads to rising overall project costs, hence renting equipment would provide a cushion to the construction companies from any unpredictable financial downturns that may arise. Thus, augmenting market growth over the forecast period.

Based on product, the construction equipment rental market is categorized into material handling machinery, earthmoving machinery, and concrete and road construction machinery. Earthmoving machinery emerged as the largest segment by product. Widespread adoption, mobility and ease of operation, and the high cost of excavators are the prominent factors that make rental of such equipment a preferable option. The earthmoving machinery comprises of loaders and excavators prominently used for application in the agriculture, construction, and mining sectors. Material handling machinery such as trailer mounted crane, truck mounted crane, and crawler crane is anticipated to gain market share by 2027. The growing popularity of these types of machines owing to features such as high lifting capacity, high rigidity, and better transportability has fostered market demand. Additionally, the growing trend of high-rise buildings and mega infrastructure schemes is anticipated to give a boost to the demand for these types of machinery on rental basis.

The Asia Pacific region has robust growth opportunities owing to increase in construction activities and growing adoption of machines on rental basis. In India, the growth in labor cost and increasing stringency for completing projects within stipulated timelines has compelled the contractors to procure the required machines on rental basis. China is the major manufacturer of construction equipment owing to high production capacity and availability of advanced manufacturing facilities. Europe has also witnessed increased demand for building machines on rental basis, due to the rise in mega projects related to roadbuilding and transportation. For instance, the European Commission launched its road project to link Ireland and Britain with Northern Europe in 2019.

To Request A Sample Copy Or View Summary Of This Report:https://www.grandviewresearch.com/industry-analysis/construction-equipment-rental-market

Further key findings from the report suggest:

• The market was valued at USD 92.9 billion in 2019 and is expected to exhibit a CAGR of 4.9% from 2020 to 2027
• Earth moving machinery emerged as the largest product segment in 2019 and is anticipated to reach USD 75.9 billion by 2027
• The material handling machinery segment is expected to register a CAGR of 5.2% over the forecast period
• Key players operating in the market include United Rental; Ashtead Group; Aggreko; Herc Rentals Inc.; and Aktio Corp.

Grand View Research has segmented the global construction equipment rental market on the basis of product and region:

Construction Equipment Rental Product Outlook (Revenue, USD Billion, 2016 - 2027)

• Earth Moving Machinery
• Material Handling Machinery
• Concrete & Road Construction Machinery

Construction Equipment Rental Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• 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.

Internet of Things market is Anticipated To Incur The Fastest Growth with a CAGR of 15.2% by 2025

The Report IoT Market Analysis By Component (Devices, Connectivity, IT Services, Platforms), By Application (Consumer Electronics, Retail, Manufacturing, Transportation, Healthcare) And Segment Forecasts To 2022

The Internet of Things (IoT) market was worth USD 605.69 billion in 2014 owing to rising requirement for internet connectivity worldwide coupled with technological advancements. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. The market is estimated to grow at 15.2 % to reach over USD 1.88 trillion by 2022.

IoT market is projected to increase at a significant pace on account of its ability to improve efficiency and enable new services. IoT connects devices including industrial equipment and consumer electronics through a network that allows users to gather information and manage devices via software. Key factors that are expected to propel future growth include improving connectivity and internet access, data processing requirements and decreasing costs of internet enabled sensors. In addition, the market is likely to witness significant growth opportunities over the forecast period owing to increase in demand for gadgets such as wearable devices and futuristic elements including connected homes, vehicles, and cities coupled together with industrial internet of things (IIoT)

Access Research Report of Internet of Things market @ http://www.grandviewresearch.com/industry-analysis/iot-market

The absence of universally accepted standards that give rise to security and privacy issues are expected to hamper growth in the industry. Moreover, the introduction of stringent rules and regulation in the U.S and Europe to tighten data security and privacy for internet users are anticipated to restrict further market growth.

The global IoT market was dominated by device segment comprising of sensors and modules and contributed to over 30.0% of the overall market in 2014. The device segment is projected to witness significant growth opportunities through introduction of innovative IoT platforms as a substitute for competitor devices such as HomeKit by Apple Inc and Brillo by GoogeInc

A significant revenue share in the IoT market is anticipated to be occupied by the consumer electronics application segment followed by manufacturing and retail. The introduction of new concepts such as connected cars in the transportation sector is expected to propel demand for IoT over the forecast period. In 2014, about 25.0% of the overall industry was acquired by this segment.

Emerging economies such as Japan, India and China are expected to be the key drivers of IoT industry on account of manifestation of major component and technology manufacturers such as Huawei and Samsung coupled with the potential for the high-speed broadband internet. Asia Pacific is thereby projected to grow at a CAGR of approximately 16.0% over the next seven years.

IoT is a dynamic market majorly fuelled by new product developments and enhancements in technology. Organizations are focussing on investing in IoT divisions, innovation labs, and R&D to obtain the first-mover advantage to expand globally and mark their presence. Key companies include major telecom and technology giants such as Alcatel-Lucent, Accenture PLC, Google Inc., Apple Inc., General Electric, IBM, Freescale Semiconductors, SAP SE and Samsung Electronics.

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

IoT Component Outlook (Revenue, USD Billion, 2012 - 2022)

• Devices
• Connectivity
• IT Services
• Platforms

IoT Application Outlook (Revenue, USD Billion, 2012 - 2022)

• Consumer Electronics
• Retail
• Manufacturing
• Transportation
• Healthcare
• Others

IoT Regional Outlook (Revenue, USD Billion, 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.

Shared Services Centers Market is Anticipated To Incur The Fastest Growth with a CAGR of 30% by 2022

Over 75,000 shared services centers market are expected to be established globally by 2022, growing at a CAGR of close to 30% from 2015 to 2022, according to a new report by Grand View Research, Inc.

A shared services center (SSC) is a devoted unit that focuses on defined business functions and is structured as a centralized delivery location and point of service. The unit is responsible for specific functions, such as security, purchasing, compliance, legal, IT, payroll, HR, and accounting.

The growth prospects for this market are bullish due to increased needs for reducing costs and improving the quality of delivered services. Resourceful implementation of SSC in operational stages yields greater operational efficiency and cost reduction, while enhancing productivity. Deployment of SSC framework helps companies to focus on enhancing operations.

Availability of skilled low cost labor, tax relaxation and favorable government initiatives in select geographies such as India, China, Latin America, and some parts of Eastern Europe are envisioned to drive industry growth.

However, the complexity associated with the implementation of such a framework is presumed to challenge industry growth, as it involves the assigned tasks to be performed and shared dynamically across the various business units involved. To achieve cost reduction, organizations operate in a low cost location. However, doing so without the standardization of procedures is expected to increase the organization’s inefficiency and is expected to hinder SSC establishments.

Access Research Report of Shared Services Centers Market @ https://www.grandviewresearch.com/industry-analysis/shared-services-center-market

Further key findings from the report suggest:

• Poised to witness considerable growth over the next seven years, pharmaceutical & clinical end-use accounted for 11% of the overall market share in 2014. Rapid increase in the need to reinvent traditional pharmaceutical R&D model to continue developing new products cost-effectively and efficiently, and adjust to the industry’s new realities is expected bolster demand over the forecast period.
• Projected to grow at an estimated CAGR of 35% from 2015 to 2022, legal end-use is expected to drive the SSC industry over the forecast period. Over the last few years, emergence of new technologies coupled with the need to reduce costs in the wake of global downturn has significantly forced corporate legal departments and law firms to change their traditional business approach and to adopt shared services and outsourcing associated with the legal profession.
• BFSI end-use accounted for over 20% of the overall revenue in 2014, and is presumed to witness significant growth in the market share over the forecast period, owing to the emerging trend among companies to enhance global presence and customer satisfaction. Availability of huge and highly educated workforce, lower wages, and improved English capabilities in countries across Asia Pacific and Eastern Europe are envisioned to boost industry growth.
• Projected to grow at an estimated CAGR of over 25% from 2015 to 2022, manufacturing end-use is expected to witness healthy growth in the foreseeable future. Organizations consider Asia Pacific as the most attractive market for off-shoring destination owing to the lower wages, higher employment rates, availability of pool of talents, and skilled and educated employees in the region, which are expected to drive industry growth.
• The Asia Pacific regional market is poised for high growth throughout the forecast period. It accounted for close to 30% of the overall market share in 2014. Close-knit cultural homogeneity coupled with low-cost arbitrage has made the Asia Pacific region a preferred destination for SSC establishment.
• The presence of a large number of universities, eventually enabling access to skilled labor force, multi-lingual skills in professionals coupled with cultural similarity to Western Europe is presumed to have driven growth in the European region.

Grand View Research has segmented the global shared services center market on the basis of end-use and region:

SSC End-Use Outlook (Units, 2012 - 2022)

• Pharmaceutical and clinical
• Legal
• BFSI
• Manufacturing
• Other end-use

SSC Regional Outlook (Units, 2012 - 2022)

• North America
• Europe
• CEE
• 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.

IoT Microcontroller Market Set to Surge Significantly by 2022

Global IoT MCU market is expected to reach USD 3.56 billion by 2022, according to a new report by Grand View Research, Inc. IoT demands enhanced connectivity in several consumer devices owing to which microcontrollers integrating IoT applications with ultra-low power architecture are targeted. These ultra low power MCUs are primarily designed, to cater wireless devices.

Microcontroller industry is anticipated to benefit with the internet of things expansion over the next seven years. The technology offers opportunities for semiconductor manufacturers, particularly one that suggests companies should begin capitalizing now, while the sector is still developing. Additionally, another key factor associated with IoT MCU growth is how quickly industry participants can address and resolve issues such as inadequate security, meager consumer demand, technology barriers and lack of standards. The technology is here to stay, and is anticipated to help semiconductor industries to maintain or surpass current demand over the next few years.

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

Further key findings from the report suggest:

• 32-bit segment is expected to grow at a CAGR exceeding 10% from 2015 to 2022. Previously, electronic designers largely used an 8-bit device often featuring the 8051 architecture; however with advances in technology as well as growing scope of application areas, 32-bit MCUs have emerged as the most obvious choice. While these changes are already in progress, internet of things has also predominantly influenced how microcontroller technology develops.
• In 2014, consumer electronics captured a sizeable market share accounting for over 30% of the overall revenue. Industrial automation is also expected to witness healthy growth underneath the IoT umbrella with the segment revenue exceeding USD one million by 2022.
• Home automation is also being viewed as a very lucrative segment as internet of things has considerably changed ideas pertaining to home electronics design, wherein microcontrollers play a pivotal role. Several manufacturers have taken this as a potential market expansion strategy and offer an array of products suited for this purpose.
• North America IoT microcontroller market accounted for more than 30% in 2014 owing to ongoing technological developments, and is expected to grow at a CAGR more than 9% from 2015 to 2022. Growing demand in the smart home segment is also expected to be a primary factor contributing towards regional market growth
• High penetration of consumer electronics such as smart wearables, home appliances, smartphones, tablets, cameras, televisions, etc, is anticipated to fuel Asia Pacific internet of things MCU market over the forecast period.
• The semiconductor industry is highly competitive and characterized by constant and rapid technological advancements, price erosion, shorter product lifecycles and evolving standards. The success of this market relies heavily on the manufacturer’s ability to invest in R&D and develop new products. Key players operating in this industry include ARM, NXP Semiconductors, Atmel Corporation, Infineon Technologies, Broadcom Corporation, Microchip Technology Inc., NXP Semiconductors., Silicon Labs, STMicroelectronics and Texas Instruments.

Grand View Research has segmented the global IoT MCU market on the basis of product, application and region:

IoT MCU Product Outlook (Revenue, USD Million; 2012 - 2022)

• 8-bit
• 16-bit
• 32-bit

IoT MCU Application Outlook (Revenue, USD Million; 2012 - 2022)

• Industrial Automation
• Smart Home
• Consumer Electronics
• Others

IoT MCU Regional Outlook (Revenue, USD Million; 2012 - 2022)

• 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.

Digital Map Market is Estimated To Expand at a CAGR of 13.0% through 2027| Top Industry Leaders TomTom International B.V.

The global digital map market size is estimated to reach USD 16.15 billion by 2027, registering a CAGR of 13.0% from 2020 to 2027, according to a new study by Grand View Research, Inc. The market is expected to witness significant rise in demand from navigational application developers and Geographical Information System (GIS) providers, driven by a growing end-user base. The prolific rise in the number of smartphone and internet users has further augmented market growth. Moreover, growth in the number of connected and semi-autonomous cars and anticipated developments in self-driving and navigation technology, among others is expected to drive the demand for digital maps.

Digital cartography has been gaining increasing attention in recent years owing to a rapid growth in demand for geospatial information. Applications such as smart parking, location, traffic and congestion intelligence, and logistics management need routing and congestion updates in real time. As digital cartography has been developing at a rapid rate, it can support these applications with data feeds and information. In addition, the increasing number of businesses that are using location-based services for marketing and advertising is also estimated to accelerate the demand in the forthcoming years.

Digital mapping is also finding renewed demand in the government and public sector as the demand for environmental and topographical information systems is on the rise. Furthermore, the need to maintain an updated information system for law enforcement officials, defense forces, and local governing bodies in light of recent manmade and natural threats is anticipated to propel the demand for maps. Smooth interaction between maps and information systems is one of the most important criteria for product success in the market owing to which vendors are expected to focus more on data integration over the forecast period. As the digital map industry matures, key players are anticipated to indulge in mergers and acquisitions in order to keep abreast of the market developments and maintain a competitive edge in a rapidly evolving technological landscape.

Access Research Report of Digital Map Market@
https://www.grandviewresearch.com/industry-analysis/digital-map-market

Further key findings from the study suggest:

• Digital orthophotography type is anticipated to emerge as the fastest-growing segment over the forecast period owing to the growth of image-processing, data analysis technology, and the increasing applications in multiple end-use segments such as automotive and mobile devices
• Management services segment is expected to witness significant growth over the forecast period due to the growing demand for development, deployment, and integration of advanced digital maps for business analysis and earth mapping
• Automotive end-use segment is expected to witness the highest growth over the forecast period owing to the increasing collaborations and partnerships between automotive manufacturers, in-dash navigation system providers, and digital map data providers for integration of advanced real-time navigation systems
• Revenue generation models are estimated to differ considerably in the forthcoming years with some vendors opting for revenue generation from data and information sales, while others opting for location-based services. There is also a high probability of vertical integration in the industry
• Developing regions are expected to witness exploration activities, whereas developed countries would witness a growth in demand for real-time data and information. Asia Pacific is the fastest-growing regional segment due to the growth in the number of smartphone users as well as the number of vehicles. Recent technological developments and rising demand for smartphones are the factors expected to have a profound effect on the Personal Navigation Devices (PND) market
• The key digital map market participants include, ESRI, Inc.; Google, Inc.; DigitalGlobe, Inc.; Apple Inc.; HERE Holding Corporation; Getmapping PLC; Micello, Inc.; and TomTom International B.V.

Grand View Research has segmented the global digital map market based on type, usage, service, end use, and region:

Digital Map Type Outlook (Revenue, USD Million, 2016 - 2027)

• GIS
• LiDAR
• Digital Orthophotography
• Aerial Photography
• Others

Digital Map Usage Outlook (Revenue, USD Million, 2016 - 2027)

• Indoor
• Outdoor

Digital Map Service Outlook (Revenue, USD Million, 2016 - 2027)

• Consulting
• Development
• Management
  • Data Management
  • Tracking & Analysis

Digital Map End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Automotive
  • Non-Autonomous
  • Semi-Autonomous
• Military & Defense
• Mobile Devices
  • Smartphones/Tablets
  • GPS
• Enterprise Solutions
• Government & Public Sector

Digital Map Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• South 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.

Industrial Internet of Things Market To Hold a High Potential for Growth by 2025

The global industrial internet of things market size is expected to reach USD 949.42 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 29.4% during the forecast period. Rising demand for machine-to-machine systems, the need to contextualize the Operation Technology (OT) data, and preference for predictive maintenance are the factors anticipated to drive the Industrial IoT market growth.

Having realized that IIoT can help in drastically improving functional efficacies, several companies across the globe are implementing predictive maintenance techniques based on smart sensors and compatible software. Predictive maintenance can particularly aid in limiting the equipment downtime and improving the safety factor.

The plummeting prices of sensors and data analytics software are also encouraging enterprises to adopt IIoT. As such, growing focus on investing in digital literacy rather than in infrastructure and the subsequent growth in investments in the adoption of advanced analytics tools is turning out to be another emerging trend among manufacturing entities.

The IIoT market continues to evolve in line with the rising preference for cloud integration coupled with the continued adoption of state-of-the-art data analytics tools and smart sensors for facility and inventory management and optimization of logistics and supply chain using smart metering. The IIoT market for agriculture end use is expected to witness considerable growth as the use of IIoT for applications, such as managing of water and soil, operating drones for field monitoring, livestock monitoring, precision farming, and managing smart greenhouses, gains tractions. However, concerns over security, technology integration, and asset-level visibility are some of the factors expected to the restraint the market growth over the forecast period.

Access Research Report of Industrial IoT Market @ http://www.grandviewresearch.com/industry-analysis/industrial-internet-of-things-iiot-market

Further key findings from the report suggest:

• Businesses are increasingly leveraging the benefits of IIoT solutions to control costs, improve the overall quality, and gain economies of scale by enhancing their data analytics using predictive maintenance
• Managed IIoT services segment is projected to witness significant growth over the forecast period as the implementation of IoT technology needs an amalgamation of managed IIoT services at every layer of the IIoT ecosystem
• Asia Pacific is expected to outgrow North America industrial IoT market and emerge as the highest revenue-generating region owing to the government investments and initiatives to encourage the implementation of IIoT in the region
• Companies involved in manufacturing and industrial operations are seeking to connect their SCADA, HMI, and control networks to higher-level enterprise systems, which is expected to increase the adoption of IIoT solutions among these companies

Grand View Research has segmented the global industrial IoT market on the basis of component, end use, and region:

Industrial IoT Component Outlook (Revenue, USD Billion, 2014 - 2025)

• Solution
  • Remote Monitoring
  • Data Management
  • Analytics
  • Security Solutions
  • Others
• Services
  • Professional
  • Managed
• Platform
  • Connectivity Management
  • Application Management
  • Device Management

Industrial IoT End Use Outlook (Revenue, USD Billion, 2014 - 2025)

• Manufacturing
• Energy & Power
• Oil & Gas
• Healthcare
• Logistics & Transport
• Agriculture
• Others

Industrial IoT Regional Outlook (Revenue, USD Billion, 2014 - 2025)

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

Vacuum Insulation Panel Market is Estimated to Grow at a CAGR of 3.8% from 2016 to 2024

The global vacuum insulation panel market is expected to reach USD 9.07 billion by 2024, according to a new report by Grand View Research, Inc. Growing construction spending is expected to assist the growth for vacuum insulation panel over the forecast period. These are preferred more, owing to their thermal resistance properties compared to conventional insulation materials.

Moreover, the International Energy Agency issued strict regulations to conserve energy which has further propelled the demand for such panels. These panels help in reducing greenhouse gas emissions such as carbon dioxide from the atmosphere, thus helping to prevent polluting the environment to a large extent. Such a trend is anticipated to benefit the overall market over the next eight years.

However, vacuum insulation panels exhibit a heavier weight than conventional insulation materials which is expected to remain a key challenge for market participants. Factors such as, durability, shape and fragility are also anticipated to determine the demand for vacuum insulation panels in future.

Several R&D initiatives are being taken to introduce automated panels, which shall result in cost reduction of vacuum insulation panels over the forecast period. Recently, EVAL EVOH resins are added to provide an outer lamination coating for vacuum insulation panels to increase their shelf life.

Access Research Report of Vacuum Insulation Panel Market @ https://www.grandviewresearch.com/industry-analysis/vacuum-insulation-panel-market

Further key findings from the report suggest:

• The global Vacuum Insulation Panel Market demand was 31.4 million square meters in 2015 and is expected to reach 45.7 million square meters by 2024, growing at a CAGR of 3.8% from 2016 to 2024
• Silica-based panels dominated the global market in 2015 and are expected to grow at a CAGR of 4.2% over the next eight years. Silica-based panels are widely used in the construction industry due to its thermal resistant properties.
• Flat glass emerged as the leading product segment and accounted for 55.4% of total market volume in 2015. Easy manufacturing method without any production hassles is an important factor that determines its growth over the forecast period.
• Construction was the most dominant application with demand share exceeding 55% in 2015. The shift towards energy conservation coupled with increasing construction spending in Asia Pacific is expected to drive this segment.
• Asia Pacific was the leading regional market and accounted for 42.6% of global demand in 2015. Growing urbanization coupled with increasing trend of infrastructural development due to rising population particularly in China and India is expected to steer the regional growth over the forecast period.
• Major industry participants include Evonik Industries, Hausys Ltd, Panasonic Corporation, ThermoCor, OCI company Ltd. and Porextherm Dämmstoffe GmbH.

Grand View Research has segmented the global Vacuum Insulation Panel Market on the basis of core material, product, raw material, application, and region:

Global Vacuum Insulation Panels Core Material Outlook (Volume, Million Meter Squares; Revenue, USD Million, 2014 - 2024)

• Silica
• Fiberglass
• Others

Global Vacuum Insulation Panels Product Outlook (Volume, Million Meter Squares; Revenue, USD Million, 2014 - 2024)

• Flat
• Special Shape

Global Vacuum Insulation Panels Application Outlook (Volume, Million Meter Squares; Revenue, USD Million, 2014 - 2024)

• Construction
• Cooling & Freezing devices
• Logistics
• Others

Global Vacuum Insulation Panels Raw Material Outlook (Volume, Million Meter Squares; Revenue, USD Million, 2014 - 2024)

• Plastics
• Metals

Global Vacuum Insulation Panels Regional Outlook (Volume, Million Meter Squares; Revenue, USD Million, 2014 - 2024)

• North America
• Europe
• Asia Pacific
• Central & South 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 Jet Market Trends, Demand, Production, Analysis and Forecast to 2025

The global business jet market size is expected to reach USD 29.32 billion by 2025, registering a CAGR of over 3% from 2019 to 2025, according to a new report by Grand View Research, Inc. The global business jet deliveries are expected to reach 919 units by 2025. A rising number of high net worth individuals, especially in the mature economies, has fueled the growth. Moreover, increased access to private aviation has resulted in a significant surge in the demand for charter services, thereby supporting the revenue generation.

Passenger safety is the top priority in the business aviation industry. Aircraft operators seek safety approvals via independent auditing systems. The companies operating in the marketplace focus on adopting advanced technologies for the utmost safety of the customers. They are incorporating various technological advancements, such as ground and satellite-based Wi-Fi, in-flight video conferencing, and charter booking systems. These advancements are expected to act as a driving force for the business jet market over the forecast period.

The OEMs are increasingly replacing mechanical flight control systems with lightweight digital flight systems. Reducing an aircraft’s weight increases its payload capacity, as well as the ability to fly greater distances with the same payload. The OEMs are also implementing new engine designs that focus on improving propulsion efficiency while reducing emission and noise levels. Such innovations by the business jet OEMs are expected to induce immense potential to the market size till 2025.

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

Further key findings from the report suggest:

• Growing popularity of long-range aircraft, which offer optimum performance and comfort, is driving the market
• Companies in the business jet market are shifting their focus toward membership programs, including preferred charter accounts and member plans, which offer additional fleet options and reduced rates to the customers
• Middle East and Africa is witnessing a rising demand for large and medium jets owing to long distances between cities and difficult ground transportation, thereby is expected to emerge as the fastest growing region over the forecast period
• Large business jets are expected to exhibit approximately 5% CAGR from 2019 to 2025 owing to numerous benefits of these aircrafts, such as better comfort, range, and speed as compared to the counterparts

Grand View Research has segmented the global business jet market on the basis of type, business model, and region:

Business Jet Type Outlook (Volume, Units; Revenue, USD Million, 2015 - 2025)

• Light
• Medium
• Large

Business Jet Business Model Outlook (Volume, Units; Revenue, USD Million, 2015 - 2025)

• On-demand Service
  • Air Taxis
  • Branded Charters
  • Jet-card Programs
• Ownership
  • Fractional Ownership
  • Full Ownership

Business Jet Regional Outlook (Volume, Units; Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Spain
  • Switzerland
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • UAE
  • Saudi Arabia

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.

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.