Intelligent Building Automation Technologies Market Growth in the Coming Years

The global intelligent building automation technologies market size is expected to reach USD 105.2 billion by 2025, registering a CAGR of 7.0% from over the forecast period, according to a new study conducted by Grand View Research, Inc. Rising awareness regarding sustainability in the wake of increasing effects of global warming is expected to drive demand for intelligent building automation technologies (IBAT) over the forecast period. In addition, technological advancements such as internet of things (IoT) and artificial intelligence (AI) are expected to boost market growth.

Growing awareness regarding workplace safety and security, a shift toward green and smart buildings, and improving comfort level of the occupants are major factors that are expected to fuel demand for IBAT. Increasing demand for automated HVAC and safety in the healthcare and hospitality industries is also boosting market growth. Intelligent building automation technologies assist various industries in the optimization of energy usage and reducing its operating expenditure.

Rising establishment of smart infrastructure across the globe is expected to contribute significantly to market growth. Various factors such as increasing green building initiatives, development of cloud-based IoT platforms, and growing environmental concerns are expected to boost market growth over the forecast period. Surging energy prices and urgent need to manage them also serve as key driving factors.

Prominent players are emphasizing on new product launches in order to combat increasing competition. They are also focusing on acquiring a larger market share through inorganic growth strategies like mergers and acquisitions. For instance, Honeywell International Inc. completed the acquisition of Transnorm, a warehouse automation solutions provider, in September 2018. This enabled the former to expand its customer base across Western Europe.

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Further key findings from the study suggest:

• By component, the service segment is expected to exhibit the highest CAGR from 2019 to 2025. Service providers for smart buildings assist in applying intelligent automation technologies for efficient operation and maintenance of buildings in a cost-effective manner
• Based on product, the facility management systems segment dominated the market owing to rising need to achieve economies of scale in manufacturing facilities
• On the basis of application, the commercial segment is expected to continue its dominance through 2025. This growth can be attributed to increasing adoption of IBAT by hotels, airports, and retail and IT companies
• Asia Pacific is expected to register the highest CAGR of 9.4% from 2019 to 2025. Growth can be attributed to increasing investments in infrastructure in order to support smart city initiatives across the region
• Key players in the intelligent building automation technologies market include ABB; Azbil Corporation; Eaton; General Electric; Ingersoll Rand plc.; Siemens Building Technologies Inc.; Schneider Electric; Honeywell International Inc.; Hubbell Inc.; Johnson Control; Rockwell Automation Inc.; and United Technologies Corporation.

Grand View Research has segmented the intelligent building automation technologies market on the basis of component, product, application, and region:

Intelligent Building Automation Technologies Component Outlook (Revenue, USD Billion, 2014 - 2025)

• Hardware
• Software
• Service

Intelligent Building Automation Technologies Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Security Systems
• Life Safety Systems
• Facility Management Systems
• Building Energy Management Software

Intelligent Building Automation Technologies Application Outlook (Revenue, USD Billion, 2014 - 2025)

• Residential
• Commercial
• Industrial

Intelligent Building Automation Technologies Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
  • Germany
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • Malaysia
  • Singapore
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE

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.

Field Programmable Gate Array Market Size Projected to Rise Lucratively during 2020 - 2027

When we go through well-known acronyms starting with F, such as FIFA, FAO, FBI among others, FPGA might not come up (unless you’re a tech geek). However, we are surrounded with it and our appliances would find it extremely difficult to function without it.

All About FPGA & More…

The Field Programmable Gate Array is an Integrated Circuit (IC) which can be configured to a device by a customer after its manufacturing, hence it is termed as - Field Programmable. Some FPGAs can be reprogrammed infinite times and some limited times. Hardware Descriptive Language (HDL) is used to configure FPGA, in a manner similar to the configuration of application-specific integrated circuit (ASIC). In general terms, FPGAs are programmable silicon chips with a collection of programmable logic blocks surrounded by Input/Output blocks that are put together through programmable interconnect resources to become any kind of digital circuit or system.

FPGAs are more reliable than the microprocessors, as they are truly parallel in nature. Each independent task is assigned to the dedicated section on the chip. Therefore, performance of one section is not affected by the other section.

The unique feature of FPGAs to be reprogrammed post manufacturing for fulfilling a specific task makes them beneficial for users. Over the past few years, usage of FPGAs has increased from high-end devices to mid-end and low-end design needs across industries. With FPGAs, device engineering and prototyping is possible in a much lesser time and cost as compared to the traditional ICs. These usages propel the demand of FPGA, in fact, Field Programmable Gate Array market is expected to reach USD 14.2 billion by 2024, according to a new report by Grand View Research, Inc.

Further Enhancements

Ross Freeman, cofounder of Xilinx, developed FPGA in 1985 for the first time and since then it has come a long way. Logic capacity of FPGAs increased with advancements in technology, along with the that demand for FPGAs skyrocketed, as it came to be used in diverse sectors due to its reprogrammable ability.

Types of FPGAs:

Based on programming technology, FPGAs are classified into three types -

• SRAM-based FPGAs: Static RAM cells control pass-transistor, transmission gates, or multiplexers. They can be reprogrammed several times with evolving design, however they require an external memory to support it, as the program is lost every time it is turned off and needs to be reconfigured upon restart.
• Antifuse-based FPGAs: It is antifuse CMOS technology enabled and can be programmed only once. It retains the program even if it is switched off and does away with the need of the external memory.
• Flash-based FPGAs: Floating gate cells are as switches leading to improved area efficiency. They do not end up losing the program when switched off. Also, they don’t require external memory, however, they can’t be reprogrammed infinite times due to charge build up in the oxide.

In United States, SRAM has higher demand among its other variants and dominates the market. This can be aptly understood by the pie chart below.    

                                  

Over the years, there has been a transition in the technologies used for FPGAs. Fuse and Erasable Programmable Read-Only Memory (EPROM) based FPGAs are declining to give way to improved technologies such as the Static Random Access Memory (SRAM) and antifuse-based FPGA technology.

SRAM-based FPGAs are nonvolatile, simple in designing, and consume less power. The flash-based FPGAs are nonvolatile, electrically erasable, reprogrammable, and use single and multi-level memory chip for storing information. Both SRAM and flash based FPGAs are anticipated to experience high demand in the upcoming years.

Applications In Abundance

FPGAs have varied applications across industries. They have been heavily used in the telecom industry, data processing industry, industrial sector, energy and aerospace & defense among others.

• Telecommunications - FPGAs have multiple uses in networking and telecom sector. FPGAs allow system designers to use silicon designs that lets them implement their own designs rather than using others design which may not match their particular requirements. In 2015, the telecom industry contributed heavily to the global FPGA revenue; it is anticipated to continue being the dominant end-use sector in the upcoming years.This is attributed to the exponential increase in mobile phones and growing wireless technology worldwide.
• Energy - Renewable energy sources are the tomorrow of energy sector. They are going to be leveraged on a larger scale by the countries. These energy sources are reliable and are found to be part of smart-grids.Efficient power supply and end-to-end communication is one of the basic requirements of the smart grid. For this reliability, FPGAs are used. It supports hardwired, real-time switch performance and reduced latencies. It meets the performance requirements of Gbps Ethernet traffic with PRP/HSR redundancy and evolving PRP/HSR standards.
• Automotive - In the automotive industry, FPGAs have proved to be extremely efficient for digital signal processing, multi-threading, micro controlling, and parallel processing capabilities.FPGAs allow the automotive OEMs (Original Equipment Manufacturers) to develop innovative solutions and enhancements such as adaptive cruise control, collision avoidance, and blind spot warning. Apart from that, FPGA’s reliability in functioning makes them an ultimate choice for the OEMs.
• Aerospace & Defense -FPGAs are increasingly used in military & aerospace industry for waveform generation and image processing. This sector is all about the extreme conditions that are needed to be handled. Xilinx provides rad-hard and rad-tolerant FPGAs that meet the performance, reliability, and lifecycle demands of extreme environments, while enabling greater flexibility than feasible with traditional ASIC implementations.

Also, FPGAs are used for processing-intensive space systems. These capabilities provide FPGAs an important status and increases its utility in aerospace & defense.

Use of FPGAs is further projected to grow in the consumer electronics, automotive, and military & aerospace industry. Demand for more distinguishing features by consumers in home appliances and other electronic gadgets has boosted the demand for FPGAs in the consumer electronics industry.

Read More: https://www.grandviewresearch.com/industry-analysis/fpga-market

Market Insights

Factors such as the technological efficiency of FPGAs over the Application Specific Integrated Circuits (ASICs), its growing demand across industries, and the technological improvement of FPGA circuits have made it very popular among users. The market growth is expected to be robust in the future. However, the designing complexities of FPGA circuits and their overlapping market to some extent with System on Chips (SOCs) and ASICs may be a barrier to the otherwise growing FPGA market.

Altera and Xilinx are the two major competitors in the market and have been in operation since more than 3 decades. Both of them provide similar products and depend on innovation to gain larger market share globally. Together they hold almost 90% of the market.

Recent Developments

• Intel completes the acquisition ofAltera, corp., a leading provider of FPGA technology. This acquisition is expected to boost Intel’s product portfolio and enables new classes of products in high growth data-centers and IoT market segments.

Intel’s Programmable Solutions Group is showcasing market-leading 58Gbps transceiver technology integrated on the Intel® Stratix® 10 TX FPGA - the world’s first field programmable gate array (FPGA) with 58Gbps PAM4 transceiver technology.

Microcontroller Socket Market Competitive Insight and Key Drivers 2018 – 2024

Geraldine Ferraro once said, that, “It was not so very long ago that people considered that semi-conductors were part-time orchestra leaders & microchips were very, very small snack foods”. It highlights the ingrained ignorance in the common man towards technology and how much we lose due to it. Surely, we’ve come a long way from that, however, it remains to be seen, how much we can leap forward by leveraging today’s tech-savvy world.

Microcontrollers, a small computer on a metal-oxide-semiconductor (MOS) integrated chip has revolutionized the world since the day it was deployed. A typical microcontroller includes a processor, memory and input/output (I/O) peripherals on a single chip. It is dedicated to a single task and makes sure to complete that task efficiently. For example, a microcontroller that is embedded in TV, executes the task of taking input from the remote and displaying the output on the screen. Therefore, they are also known as embedded systems. Now, if they are called as embedded systems then a run-of-the-mill question that takes its head out is, What are they embedded onto?

Microcontrollers Socket

A simple answer to the question posed in the last line of the above passage is PCB, which means Printed Circuit Board with the help of Microcontroller Sockets. Microcontroller sockets, which are also known as IC sockets, are used in the devices containing the integrated circuits and are used as a placeholder for IC chips. The sockets are used for safe insertion and removal of IC chips which may get damaged from soldering. These sockets are used in the applications which require integrated circuit devices with short lead pins helping in insertion and safely removal of IC chips. They are usually used in prototyping the new circuits allowing easy component swapping.

There are several variants of IC Sockets, such as dual-in line package (DIP), quad-flat package (QFP), ball grid array (BGA), small outline packages (SOP) and Small Outline IC (SOIC). There is tremendous amount of demand for the microcontrollers socket, so much so, that the Microcontroller Socket Market is expected to reach USD 1.46 billion by 2024, according to a new report by Grand View Research, Inc.

What Varies In The Variants?

The above noted variants have several differences which makes them suitable to cater to wide range of needs of embedded systems.

• Dual-Inline Package (DIP), also known as DIL package or chip socket, is referred to as the electronic device package with two parallel rows of electrical connecting pins and a rectangular housing. An advantage of this system is that you can still see the PCB traces which otherwise would be covered over by the socket frame. In addition, airflow and thus thermal management is improved.
• Ball Grid Arrays (BGAs)are used for integrated circuits and area type of surface-mount packaging. They are usually preferred for permanently mount devices such as microprocessors and are not suited for socket mounting.
• The Quad Flat Package (QFP)is a type of surface mount IC package which has gull wing leads extending from the four sides. QFP is used to increase the number of pins around the periphery of the package, which has led to a decrease in spacing from 50 mil to 20 or 12 mil (thousands of an inch).
• Small Outline Packages (SOP)is a surface mount package, which is essentially the shrunk version of the standard IC PDIP. The package thickness is typically 70% lesser than the DIP and occupies an area of about 30-50% equivalent or lesser than the DIP. It is majorly used in personal computers and consumer electronics.

The microcontroller socket demand can be easily understood by the pie chart below, for which the data considered was the application potential of the variant. The application areas which were taken into consideration were consumer electronics, automotive, industrial, medical devices and military & defense.  

                      

The application areas which were taken into consideration were consumer electronics, automotive, industrial, medical devices and military & defense. Clearly, it highlights the dominance of Dual-Inline Package (DIP) or chip socket over other variants in the market.

Market Determinants

Factors that boost the growth or inhibits it are crucial for the demand in the market. They can make or break the boom of the concerned sector.

• The growth of automationwhich has led to the miniaturization, digitization, and facilitates dynamics in the field of technology has further enhanced the demand of the market.
• The increasing need of providinghigh performance with power efficiency has further led to the development of automation technology at a rapid pace.
• The increasing labor costs and the growing demand for higher qualityhave encouraged the industry participants to opt for automated equipment in the programming process.
• The increasing demand of sockets in the automotive, consumer electronics, medical devices formore accurate data, and military & defense for enhanced security has also encouraged the industry participants to further reduce the package size.
• The increasing IC packaging developments delivering a high application in a low-cost, low-profile, and low-power designhave led to the market growth of integrated circuits. The competition in the industry is intense, due to which the participants have to enhance their product quality and process technologies as per the market requirements.

Read More@ https://www.grandviewresearch.com/industry-analysis/microcontroller-socket-market

Aggressive Advancements

Socket manufacturers are developing enhanced designs for the purpose of interconnecting solutions for high I/O, fine pitch, low profile applications, and adhering to the severe regulations of performance and reliability. The key industry competitors include Aries Electronics (U.S.), Mill-Max Mfg. Corporation (U.S.), Samtec, Inc. (U.S.), and CNC Tech LLC (U.S.).

• AVNET,a leading global technology solutions provider, has extended its distribution agreement with Samtec, Inc. (U.S.). This development provides Samtec, Inc, greater reach in Asia Pacific region and will go on to boost its market potential.
• Samtec, Inc., a leading provider of high bandwidth and micro-pitch interconnect systems, announced today the acquisition of nMode Solutions, of Oro Valley, Arizona. It also acquired Triton Microtechnologies, which is the subsidiary of nMode Solutions. nMode Smart Modules, RF filters, and evaluation boardssupport the high-performance, high-density demands of the IC Packaging industry. Utilizing Triton Microtechnologies patented Glass Core Technology, nMode designers use the superior performance and material characteristics of glass to achieve significant miniaturization and integration far beyond what is possible with organic materials.

Cognitive Computing Market Top Players, Segments, Cost Structure, Demand, Sales By 2025

Siri, Cortana, Alexa, Watson, Bixby, Viv, M, Google Assistant and the list goes on and on…….

Along with all the above personal assistants in the real world, one of the most famous personal assistants of 21^st century is the one and only ‘Jarvis’ from the movie ‘Iron man’ & ‘Avengers’, big ticket projects from the Marvel Cinematic Universe. The sheer concept of a personal assistant facilitated by technology is groundbreaking and similar is the stature of breakthrough technology which has been leveraged to accomplish it, which goes by the name of, Cognitive Computing.

Cognitive Computing was used for the very first time by IBM. It developed Watson, a unique response-capable computing system, which was built to compete against humans on the popular game show called, Jeopardy. This helped cognitive computing generate ‘hype’ and it was able to attract large number of investments from major companies.

Cognitive Computing has helped make several major breakthroughs in the world of technology. It has been leveraged to achieve greater efficiency and hyper-personalization when it comes to customer satisfaction. The necessity for the major industries to analyze large volume of data optimally on a real-time basis has led to the pervasive growth of the market. The recent development of data storage capabilities, such as integrated cloud storage facilities, and the evolvement of customized cloud solutions, such as private cloud and public cloud, have ensured the security of sensitive data, thus accelerating the growth momentum. So much so that, Cognitive Computing Market is expected to reach USD 49.36 billion by 2025, according to a research report of Grand View Research, Inc.

Comprehending The Meaning & Utility Of Cognitive Computing

Cognitive computing, a term 1^st coined by IBM, is a technology platform based on the scientific premises of signal processing and artificial intelligence. It uses a blend of artificial intelligence, neural networks, machine learning, natural language processing, sentiment analysis and contextual awareness to solve day-to-day problems just like humans.

Cognitive Computing has several benefits, that makes it extremely important to solve advanced set of problems in technology as well as in business arena. It boosts stagnated efficiency of the organizations by accelerating decision making capability; collects real-world knowledge and improves the quality of decisions taken. Apart from this, it also proves to be monumental in rectifying the error-prone businesses by helping them with reforming their business strategies and making them profitable.

The Banking, Financial Services, and Insurance (BFSI) sector is expected to be benefitted the most due to the emergence of the cognitive solution. Cognitive systems enable banks and other financial institutions to structure unstructured data (industry reports, investment advisory reports, and financial news) by leveraging an in-depth text, image, and video understanding. It offers personalized engagement between banks (and other financial institutions) and their customers by dealing each client with a unique fashion according to their requirement.

Read More@ https://www.grandviewresearch.com/industry-analysis/Cognitive-computing-market

Assessing The Segmentation…

Primary segmentation of the market is based on technology types which are absorbed by cognitive computing. Natural Language Processing (NLP) is the most prominent technology used in the cognitive system, owing to its inherent capacity to process natural language interactions with about 40% of the overall market share in 2015. It enabled the human to machine interaction by analyzing large spoken and written languages and comprehending the patterns accordingly The extended usage of automated reasoning, big data, and machine learning technology, along with artificial intelligence and probabilistic logic, has paved the way for a greater development of data science. The recent evolution of Internet of Things (IoT) has also accelerated the growth momentum of the cognitive computing market with its diverse applications in the development of the interactive software platform.

The crystal-clear depiction of the information about the segmentation based on technology, is depicted in the pie chart below. It also highlights the large share of cognitive computing market influenced by Natural Learning Processing.         

                                        

Factors Galore

Quite many factors prove to be a boon as well as a bane for the cognitive computing market. Looking forward, we can say that these following factors push growth, therefore are boon for the market.

• Advent of Artificial Intelligence & Internet of Things (IoT)is one of the major factors which provides fresh impetus to the demand in the cognitive computing market.
• Cloud Computinghas taken the tech-savvy world by storm and has made it feasible to securely store a large amount of data by taking into account a number of challenges, such as live migration of data, fault tolerance, and quality of service. This drives up the demand for cognitive computing.
• Data proliferation and its importance in making the right decisions, has made data analysis one of the most important process before indulging into decision-making. Cognitive computing provides capability to assess large amount of data in short time and boosts the efficiency in decision making ability, leading to the higher demand from error-prone businesses.

Factor that doesn’t bode well for the market:

• Constant rise in cyberthreats makes the technology vulnerable to attacks, providing an impeding factor to the growth of the market.

Gauging the pros & cons, it is safer to say that pros of the budding technology overcompensate for the cons associated with it. Also, availability of tighter regulations, expertise and assistance plays a significant role in alleviating the problem caused by cyberthreats, making the cyberworld a safer place to thrive in.

Technological Advancement Shifts Into High Gear

New technology’s success is rated according to the number of diverse sectors that it can be applied to and make its mark. It is a no-brainer to say that cognitive computing’s ability to touch diverse sector is immense. Finance, Sports & Entertainment, Healthcare… you name it; cognitive computing has shown its ability to push efficiency in large number of sectors. Following examples are the proofs.

• VantagePoint AI software makes it easier for the investors to bet their investments on a better option with 86% of accuracy. According to Vantagepoint’s website, its patented Neural Network processes predict changes in market trend direction up to three days in advance, enabling traders to get in and out of trades at optimal times with confidence.
• Concierge by Welltok, is a cognitive-powered tool, that can assess large volumes of data to make personalized health related recommendations. It is an AI-powered chatbot, built with the help of IBM Watson Health, able to provide on-demand answers to questions related to benefits and healthcare
• Edge Up Sports is the cognitive-powered app to help fantasy football players, by providing on-demand information about their selected player or teams. Apart from this, it has also moved on to leverage the technology to reduce sports injuries and help players & coaches become efficient.

Demand Response Management System Market is Expected to Amplify $35.9 Billion Value by 2025

The presence of DRMS is a win-win situation for everybody - for the utility, for the customer, and most importantly for the environment. Let’s have a deeper look into this system and its market

Picture this: it’s a very hot summer day, and the sweltering heat is taking its toll on office goers and residents alike. Worry not though, you have the utility companies to count on, when they provide a steady, continuous supply of energy to power the cooling of the building. Same would be the case for a cold winter day, when the utility companies provide energy to power the heating equipment, so that you are warm and cozy inside the buildings. However, such extreme weather would definitely place a heavy load on the utility systems, and if the supply source gets depleted, then you will have to sweat it out in the summer, or hope against hope for some warmth in the cold. There needs to be a system which can manage energy supply of the utility companies in a better way, doesn’t it?

A Way Out….

Turns out, thankfully, there is. It comes in the form of Demand Response Management System (DRMS). Simply put, you can reduce your energy demand during peak demand periods, or when the supply is not enough, in return for money. Some common examples include turning up the thermostat temperature for reducing the air conditioning load, switching off lights when not in use, and shifting usage of certain energy-consuming devices out of the peak demand period so that the load is reduced significantly. Demand response management system comes under the concept of smart energy demand, besides energy efficiency, distributed renewable resources, EV charging, and home & building energy management.

ADR Is Receiving A Great Deal Of Attention From The Utility Sector!

Smart grids have become a very crucial component in almost every known environment. Airports, broadband, dams, hospitals, ports, roads, telecommunication - you name it, and there it is! The smart grid infrastructure comprises the deployment of Advanced Metering Infrastructure (AMI) for Automated Demand Response (ADR), which provides two-way communication in real time between the consumers and service providers. ADR has had a huge role to play in the growth of the demand response management system market. With electric utilities transitioning toward grid modernization, their business model has shifted from solely fulfilling energy requirement, to playing a larger and more proactive role in the integration of distributed energy resources, managing energy demand, and optimizing electricity generation.

AMI is an integrated demand response management system, consisting of hardware, software, and services, which forms a network between the customers participating in the Demand Response (DR) program and power utility by transferring consumption data of the user to the meter data management software at the utility. The system collects, measures, collates, and analyzes consumption data of many customers at a given point of time and sends DR signals to the smart meters or load control switches at the user’s end to adjust or shift their usage from peak to non-peak hours. Participation in the program requires a functional Home Area Network (HAN) and installation of smart meters, smart thermostats, and load control switches.

Demand Response Management System Requires The Support Of Its Customers

Customer participation depends on the type of building they are enrolling:

• Behavioral demand response- Involves manual customer participation, and is suited for large industrial or commercial facilities that have a substantial and flexible energy load. Also requires on-site staff to heed to utility requests.
• Automated demand response- Suited to every building type, small or large. Customers can work with an aggregator or partner for automated participation, with the partner looking after enrollment, strategy development, event execution, and reporting.

Customer participation is central to the success of Demand Response Management System (DRMS). The program is not forcible on electricity users but requires them to participate and reduce energy consumption. Utilities motivate participants for reducing their electricity consumption during pre-defined hours by providing incentive-based and price-based benefits. The program equally requires efforts from the service providers to manage peak load crisis and optimize the distribution system.

How Is The Market ‘Utilizing’ This System?

There is lower applicability of Demand Response Management System in the residential sector as compared to the industrial and commercial sectors. Primarily, aggregators are responsible for the application of DRMS in the residential sector. They contact the households individually through phone calls, messages, or e-mails. The OpenADR 2.0 uses AMI, which has access to data from a large number of endpoints at the same time. The DR interaction is based on a Common Information Model (CIM), which uses the standard IP communication. DR signals are sent to the customers’ control system to reduce consumption.

Recent trends in the demand response management systems market highlight the growing participation of companies in ADR. Companies such as Enel X and Comverge have an early market entry advantage and account for a considerable revenue share of the industry. Owing to a strong market presence and customer relationship, large integrated companies such as Siemens AG and Honeywell International Inc. have been quick to catch up with their DR technology.

By 2025, the hardware component is anticipated to account for more than 50% of the revenue share of the DRMS market. The U.S. is expected to lead the demand response management system market owing to the growing adoption of the smart grid technology. Pilot operations for ADR have been implemented in many countries where the technology has not been implemented yet.

In The Spotlight…

Some of the major companies involved in the demand response management system industry include Enel X (formerly EnerNoc Inc.), Comverge (acquired by Itron), CPower, Honeywell International Inc., Schneider Electric, Siemens AG, and ABB, all of which are the founding pillars of the OpenADR alliance that was established in 2010. The DR program also includes Johnson Controls, Eaton Corporation Plc, Ecobee, EnergyHub Inc., General Electric, Nest Labs, Opower (acquired by Oracle in 2016), and ThinkEco Inc.

Read More@ https://www.grandviewresearch.com/industry-analysis/demand-response-management-systems-drms-market

Some of the recent developments that the demand response management system market has seen include:

• Enel X(formerly EnerNoc) partnered with a leading European infrastructural investor ‘Infracapital’ in January 2020, to expand their distributed generation and energy efficiency joint venture called ‘Cogenio’, throughout Spain through the creation of a new company.
• Honeywellhas expanded on its DemandSites energy asset management platform, which can now be deployed as a modular solution that grants more granular control to utilities over their IT/OT environments. New modular additions include Virtual Power Plant (VPP), DR over AMI, Fast Frequency Response (FFR), Transactive Energy (TE), and EdgeControl Node (ECN).
• Itronentered into an agreement with Xcel Energy which would allow for improvements in customer experience and utility operations by making use of the distributed intelligence capabilities of Itron’s IoT  Another objective of Xcel through this partnership is to improve customer control with the ability to effectively optimize demand response and dynamic pricing programs.
• Leap, a California-based company that provides a universal distributed energy exchange along with allowing automated trading on energy markets in real-time, partnered with Google Nestin 2019 on a program that provides flexible, automated demand capacity to CAISO (California Independent System Operator), which oversees the electric power system operations in the state.

Smart Home Market Is Expected To Gain Significant Traction Over The Forecast Period

If only these walls could talk…...

We all may have heard this phrase; however, due to the wonders of science (will it ever stop mystifying and mesmerizing us?), there is a possibility to turn this phrase into a reality, probably some years down the line. You may be familiar with the movie ‘Back to the Future’ part 2, which showed what a smart home would look like in 2015, featuring scene screen windows tuned to the scenery channel, as well as voice-controlled fruit baskets. Or we can talk about the beloved cartoon ‘The Jetsons’, which showed a very futuristic scenario to the audiences in the 70s and 90s. Who wouldn’t want that? Well, with smart home technology becoming better and better by the day, we can definitely say that the future is now. And the smart home market is definitely flourishing.

Smarter Than Sherlock…

Smart home refers to the system of electronic devices and sensors whose control lies at the tip of the homeowner’s fingers, which is to say that they can receive and follow commands over the internet through smartphones, computers and other devices. It is often referred to as home automation or domotics (from the Latin ‘domus’, meaning ‘home’), and is part of the Internet of Things (IoT) ecosystem. The connected systems and devices operate together, while also sharing data regarding consumer usage, which enables them to make decisions based on the homeowners’ preferences. Even though there are many competitive players vying for market and consumer share for smart homes, there is a curious absence of industry standards in this space.

The humble beginnings of home automation can be traced back to 1975, with the release of the X10 by Pico Electronics in Scotland, which allowed for the remote control of home appliances and devices. Till today, it remains heavily influential and popular, finding usage in home environments. Many years down the line, Insteon, a home automation organization, came along with a technology that combined wireless signals with electric wiring. This was in 2005, and from that point, developments in the smart home field have come thick and fast. Nest Labs, which came into being in 2010, and was bought by Google in 2015, launched the Nest Learning Thermostat in 2011, besides also creating security cameras and smart smoke detectors.

Many Options For Many Functions!

Zigbee and Z-Wave have also made their mark on the smart home market, as have the technology behemoths such as Amazon, Apple and Google, who have released their own platforms of Amazon Echo, Apple HomeKit and Google Home. With the presence of Amazon Alexa and Google Assistant, there are countless opportunities for the growth of smart devices and smart home systems. Some of the most unique systems and devices that have been seen are:

• Canary - Besides acting as a security system, this item also can analyze air quality, while also controlling temperatures and humidity through analysis.
• Kevo Smart Lock - This smart lock allows homeowners to lock and unlock the door remotely by specifying times to unlock, allowing permitted parties such as cleaners or a neighbor to let themselves in without the use of a key.
• Lutron Caséta Wireless - Home occupants looking for energy savings, look no further. The product helps in optimal distribution through use of battery-operated shade, temperatures and lights. The settings are all based on the oner preferences, and can be controlled and changed via smartphones.
• Sage Home Automation - Connects and manages the entire home through mobile devices or television, creating a true smart home experience.
• Homeowners can also carry out remote gardening, through the use of remote-controlled sprinkler systems and robotic lawn mowers. They can be programmed to increase or decrease water supply, as well as make decisions based on future weather patterns.

The Times, They Are A-Changin’….

The global population is now constantly on the move. With the advent of technology, it really has become a small world to live in. There has been a huge growth of the tech-savvy population. And this is a major factor that has led to the booming of the smart home scene. The usage of smartphones, which is a key component in this scenario, has never been more pronounced, with even the backward regions such as Sub-Saharan Africa witnessing rapid adoption.

The smart home market has generated quite a buzz in the United States, owing to the presence of major competitors, as well as a substantial number of connected devices. The penetration of smart devices in households in the region is 32.4% in 2020, which is expected to rise to 52.4% in 2024. Besides the U.S., Western Europe economies are also quite ahead in terms of smart home installations.

Another concept that is closely related to this area is “smart buildings”. Of course, every smart home is a smart building, but vice-versa, it is not true. Smart buildings are more focused on application of IoT for improving the efficiency of the building, reducing energy costs associated with it, having a positive environmental impact, as well as ensuring safety and maximizing employee satisfaction. For example, a smart building can save on lighting and energy costs through the use of occupancy sensors.

Smart buildings can also connect to smart grids, which would lead to optimum maintenance and energy distribution, as the electric grids and building components can ‘listen’ and ‘talk’ to each other. Additionally, smart buildings can benefit the management through the concept of ‘predictive maintenance’, wherein maintenance and failures, as well as supplies, can be managed much more efficiently.

Balancing Optimism With Cautiousness

Factors that have led to the high adoption of smart homes include:

• High proportion of internet users around the globe as well as the continued rise in smartphone penetration.
• Increased need to monitor homes from remote locations (increased security) has created healthy demand for the smart homes industry.
• Increased focus on utilizing energy-efficient solutions, as well as minimizing carbon emissions.
• Focus of market competitors on widening their smart home product portfolios.
• Entertainment systems, lighting control solutions, home system appliances, and smart speakershave witnessed huge growth in popularity in the past few years, which again increases the attractiveness of the smart homes market.
• Increase in aging population, which constitutes a significant demographic in the market, as well as rising disposable income in developed and emerging economies, are also driving the market.

However, every technology brings with it a set of problems, and this is true in case of smart homes. The major challenge for the smart homes market is security and privacy of consumers, as you would be having information about every possible functioning in the house, which other members would definitely feel as an invasion of privacy. Also, even though the technology has been there for quite some time, it is still proving to be expensive to adopt by a large number of households. Such challenges need to be tackled at the earliest.

Read More@ https://www.grandviewresearch.com/industry-analysis/smart-homes-industry

Recent Developments

Some of the key competitors include Honeywell, ABB Ltd., Lutron Electronics, Crestron Electronics, Control4 Corporation Tyco International Ltd., Legrand S.A., Siemens AG, Schneider Electric S.A. and Emerson Electric Co. Technology giants such as Apple, Amazon and Google have also made an entry in this space, and currently are pulling in a lot of consumers. Some important developments in the smart home industry include:

• Google joined Apple and Amazon, among others, to bring forth the ‘Connected Home over IP’, an independent working group managed by the Zigbee Alliance, with the goal to develop a new, open smart home connectivity standard based on IP (Internet Protocol), in December 2019.
• Applerecently filed a patent which outlines the functioning of an actual independent smart home. The plan involves detection of objects such as people and sofas in a home automatically to generate a floor plan, which would allow Apple to guess the type of smart technology introduced in the home.
• Honeywell teamed up with Verizon in January 2020, regarding integration of the former’s IoT sensorswith the latter’s Managed Connectivity LTE for creating a smarter energy grid. The two companies are also looking towards 5G as an aspect of their partnership.

Lutron added 2 new devices, a repeater and a motion sensor, to its Caséta Smart Lighting Control System, in January 2020. The motion sensor may be used in any room where there is requirement for hands-free light assistance, while the repeater would find much use in houses having a unique architecture, or dense walls. The upgraded device has been available since the start of February.

Artificial intelligence in Agriculture Market Latest Innovations, Drivers and Industry Key Events 2019 to 2025

The global artificial intelligence in agriculture market size is expected to reach USD 2.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 25.4% from 2019 to 2025. Artificial intelligence solutions in the agricultural industry are emerging in various forms, such as soil and crop monitoring, agricultural robots, and predictive analytics. Farmers and agribusiness corporations are increasingly using soil sampling and artificial intelligence -enabled sensors for data gathering for better analysis and processing. The availability of these processed data has paved the way for the deployment of artificial intelligence in agriculture and farming.

Rapidly increasing global population is one of the key factors driving the need for artificial intelligence in agriculture. The global population is expected to reach 9.8 billion by 2050, according to the UN. Subsequently, food production must increase significantly as well. Artificial intelligence enables efficient and potential farming techniques for increased crop productivity and yield. For instance, the artificial intelligence Sowing App developed by Microsoft sends sowing advisories on the optimal date for crop sowing to farmers. It enhances the farmers’ efficiency in terms of planting and forecasting weather conditions.  

The Asia Pacific market is expected to witness substantial growth over the forecast period, owing to increasing adoption of artificial intelligence -enabled solutions and services by agriculture-technology-based companies in emerging economies. Emerging economies such as India and China have started implementing artificial intelligence technologies such as machine learning and computer vision to increase crop yield. Favorable regulations and standards in these countries encourage the implementation of modern techniques in farming and agriculture. For instance, in July 2019, the government of India began the use of artificial intelligence for yield estimation and crop cutting to cut down the cost of farming and increase productivity.

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

Further key findings from the report suggest:

• Surge in the deployment of predictive analytics solutions in the farming and agriculture industry has created massive potential for artificial intelligence solutions in the agricultural industry
• Several benefits of artificial intelligence, such as prevention of cost overruns, weather forecasting, remote monitoring, weed detection, and irrigation management encourages the implementation of artificial intelligence in agriculture for increased productivity
• Market players are focusing on providing advanced artificial intelligence and big data in the agricultural industry, which offers advanced features such as crop scouting, field mapping, and yield monitoring
• Key market players are considering partnerships and acquisitions of startups providing innovative products to expand their range of artificial intelligence solutions for the agricultural industry
• Key competitors in the market are IBM Corporation; Microsoft; Deere & Company; AgEagle Aerial Systems Inc.; The Climate Corporation; Granular, Inc.; Descartes Labs, Inc.; Prospera Technologies; Taranis; aWhere Inc.; GAMAYA; ec2ce; PrecisionHawk; VineView; and Tule Technologies Inc.; among others.

Grand View Research has segmented the global artificial intelligence in agriculture market based on component, technology, application, and region:

Artificial Intelligence in Agriculture Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Service

Artificial Intelligence in Agriculture Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Machine Learning & Deep Learning
• Predictive Analytics
• Computer Vision

Artificial Intelligence in Agriculture Application Outlook (Revenue, USD Million, 2014 - 2025)

• Precision Farming
• Drone Analytics
• Agriculture Robots
• Livestock Monitoring
• Others

Artificial Intelligence in Agriculture Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Impact of Existing and Emerging 5G System Integration Market Trends And Forecast by 2027

5G System Integration Market Growth & Trends

The global 5G system integration market size is estimated to reach USD 31.41 billion by 2027, registering a CAGR of 23.8% from 2020 to 2027, according to a new study by Grand View Research, Inc. Robust increase in the investments to deploy 5G network infrastructures across key countries, such as U.S., China, and Japan, has created the demand for integrating entire fifth generation infrastructure and applications across enterprises. This process will help enterprises to work as a centralized platform that will assist in reducing overall complexity. Thus, robust investments in building fifth generation infrastructure, coupled with growing need to set up a 5G-enabled ecosystem, are estimated to propel the market growth.

Rapidly building smart cities have surged the adoption of numerous Internet of Things (IoT) devices across the globe. IoT devices require enhanced bandwidth to function appropriately. Thus, in order to provide high-speed broadband by supporting fifth generation New Radio (NR), such as sub-6GHz and mmWave frequency bands, the entire infrastructure across these smart cities need to be upgraded in line with supporting fifth-generation radio network. Therefore, it is further estimated to boost the market growth from 2020 to 2027.

Moreover, with the evolution of industry 4.0, adoption of industrial sensors and collaborative robots is gaining popularity in the manufacturing sector across the globe. Therefore, to deliver seamless network connectivity to these above-mentioned devices, it is anticipated to raise the demand for 5G system integration services to make entire manufacturing facilities compatible with supporting next-generation 5G NR.

Rapidly rising digital transformation has disrupted the entire operation of the manufacturing industry. This has increased the trend of the machine to machine (M2M) communications to increase overall productivity as well as streamline the whole process. As a result, this has further expanded the need for high broadband to deliver uninterrupted connectivity to the industrial sensors and robots. Therefore, growing need for high broadband connectivity to establish seamless communication between machines is expected to elevate the demand for 5G system integration services in the next few years.

Furthermore, with the emergence of new technologies, such as network slicing and software-defined networking (SDN), adoption of 5G system integration will witness a rapid surge to reduce overall enterprise infrastructure costs. Moreover, highly trained professionals will be required to implement and manage the fifth generation system integration services. This is anticipated to hinder the market growth over the forecast period.

Moreover, the outbreak of COVID-19 is considerably impacting the overall market growth. Many enterprise offices are temporarily under the shutdown in key countries, such as U.S., Japan, and South Korea. Furthermore, network equipment providers have delayed the deployment of fifth generation infrastructure due to the pandemic. However, many federal governments across key countries, such as U.S., Germany, and U.K., are planning to release new guidelines to reopen the business offices in the latter part of 2020. As a result, it is anticipated to increase the demand for fifth generation system integration services over the forecast period.

Request a free sample copy or view report summary: 5G System Integration Market Report

5G System Integration Market Report Highlights

• The market in North America accounted for more than 30.0% share in 2019. The growth is attributed to rising investments by large 5G operators, such as AT&T, Inc. and Verizon Communications, in deploying 5G network infrastructures, along with growing demand for 5G system integration services across large enterprises to build a 5G-enabled ecosystem
• The manufacturing sector is projected to witness the fastest growth over the forecast period owing to rising demand for fifth generation system integration services to provide seamless communication between sensors and robots
• Large enterprises are increasingly focusing on building a 5G-enabled ecosystem on the account of intense competition in the market. This is expected to propel the demand for infrastructure integration services during the next few years
• Prominent market players are aggressively focusing on building partnerships and entering into agreements to strengthen their overall product portfolios as well as to enhance the global market presence.

5G System Integration Market Segmentation

Grand View Research has segmented the global 5G system integration market on the basis of services, vertical, application, and region:

5G System Integration Services Outlook (Revenue, USD Million, 2019 - 2027)

• Consulting
• Infrastructure Integration
• Application Integration

5G System Integration Vertical Outlook (Revenue, USD Million, 2019 - 2027)

• Manufacturing
• Energy & Utility
• Media & Entertainment
• IT & Telecom
• Transportation & Logistics
• BFSI
• Healthcare
• Retail
• Others

5G System Integration Application Outlook (Revenue, USD Million, 2019 - 2027)

• Smart City
• Collaborate Robot /Cloud Robot
• Industrial Sensors
• Logistics & Inventory Monitoring
• Wireless Industry Camera
• Drone
• Home and Office Broadband
• Vehicle-to-everything (V2X)
• Gaming and Mobile Media
• Remote Patient & Diagnosis Management
• Intelligent Power Distribution Systems
• P2P Transfers /mCommerce
• Others

5G System Integration Regional Outlook (Revenue, USD Million, 2019 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Russia
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players of 5G System Integration Market

• Accenture Inc.
• Huawei Technologies Co., Ltd.
• Cisco Systems, Inc.
• Infosys Limited
• Tata Consultancy Services Limited
• Wipro Limited
• Radisys Corporation
• IBM Corporation
• HPE
• Oracle Corporation
• HCL Technologies Limited
• ALTRAN
• AMDOCS
• CA Technologies
• Sigma Systems
• Samsung Electronics Co., Ltd.
• Ericsson
• Keysight Technologies
• ECI TELECOM

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.

Intelligent Process Automation Market Poised to Expand at a Robust Pace of USD 17.5 Billion Over 2025

The global intelligent process automation market size is expected to reach USD 17.5 billion by 2025, registering a CAGR of 16.9% from 2019 to 2025, according to a new report by Grand View Research, Inc. The fast-paced development of Artificial Intelligence (AI) and its implementation is propelling the strategists to realign their business models with modern technologies. Intelligent process automation helps achieve flexible and intelligent automation by combining artificial intelligence, robotic process automation, and other emerging technologies. It can be used in a variety of scenarios, such as processes that have predefined rules and minimal human judgment involved. It primarily helps automate repetitive processes and in turn reduce manual efforts. Significant advantages such as improved customer experience and increased process efficiency are anticipated to drive the adoption of this technology in near future.

Machine learning, autonomics, natural language processing, and machine vision, among others are some of the building blocks of intelligent process automation. Machine learning refers to the ability of computer systems to improve its performance by exposure to data without the need to follow instructions. Autonomics relates to systems designed to perform routine tasks and operations by humans. It is used at back office centers performing rule-based, high volume tasks. Natural language processing refers to the ability of computers to identify objects and activities in the images. It makes use of sequences of image processing operations to analyze the images. Whereas, machine vision refers to the ability of computers to interpret human language and perform an appropriate action.

IBM Corporation, Accenture, Wipro Limited, Infosys Limited, Cognizant, KPMG, and Capgemini are some of the major service providers operating in the intelligent process automation market. IBM Corporation happens to be one of the leading providers in execution as it is pragmatically scaling out selected core technologies. Whereas, Accenture is one of the leading providers offering innovation-based AI solutions. The company’s intelligent automation platform integrates four essential parts, namely, intelligent automation, delivery management, business workflow management, and analytics and insights, with a neutral Enterprise Resource Planning (ERP) interface at the core. The platform permits seamless communication with client systems and external data sources, respectively. Accenture has also established a cross-company Artificial Intelligence Governance Committee, as well as a Growth and Strategy Working Group comprising seniors from each of the company’s five business groups. The Artificial Intelligence Lab located in Dublin is focused on promoting partnerships with accelerators, start-ups, and universities across the globe.

Intelligent process automation offers greater flexibility, is easy to implement, and has a shorter payback period, making it a better alternative to the traditional IT solutions. However, the implementation of intelligent process automation is raising concerns from skeptics owing to assumed job losses due to automation. However, the research is claiming that only 20% of people are saying that it is affecting human jobs in the long run. Implementation of intelligent process automation solutions shall provide companies with a competitive advantage by simplifying and fastening the business process operations, and hence saving a lot on operational costs.

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

Further key findings from the report suggest:

• Solution component segment held the dominant market share of more than 64% in 2018
• Consulting services segment dominated the market in 2018 and is projected to reach USD 2.73 billion by 2025
• Machine learning technology segment dominated the market with revenue share of 32% in 2018
• North America region dominated with a market share of over 36% in 2018
• Blue Prism; Capgemini; Cognizant; HCL Technologies Limited; IBM Corporation; Infosys Limited; Pegasystems Inc.; Atos Syntel Inc.; Tata Consultancy Services Limited; Tech Mahindra Limited; UiPath; and Wipro Limited dominated the market in 2018

Grand View Research has segmented the global intelligent process automation market on the basis of component, service, technology, vertical, and region:

Intelligent Process Automation Component Outlook (Revenue, USD Million, 2015 - 2025)

• Solution
• Service

Intelligent Process Automation Service Outlook (Revenue, USD Million, 2015 - 2025)

• Consulting
• Design & Implementation
• Training & Support

Intelligent Process Automation Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Machine Learning
• Natural Language Processing
• Virtual Agents
• Computer Vision
• Others

Intelligent Process Automation Vertical Outlook (Revenue, USD Million, 2015 - 2025)

• BFSI
• Healthcare
• Retail
• IT & Telecom
• Manufacturing
• Others

Intelligent Process Automation Regional 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.

Automotive Wheels Aftermarket Soaring Demand Assures Motivated Revenue Share By 2025

The global automotive wheels aftermarket size is expected to reach USD 7.19 billion by 2025, registering a 3.0% CAGR from 2019 to 2025, according to a new study by Grand View Research, Inc. Prominent factors driving the market include replacement of wheels, increment in rim size, and enhancement in design. Further, the use of carbon wheels mainly for sports and luxury cars is fueling the wheels aftermarket growth. Growing sales of the automotive vehicle is also expected to leverage the sales of wheels through a large distribution network. And the distribution channel growth is driven by the proprietary brands and extensive product range.

The current trend of the improving the efficiency of passenger cars and commercial vehicles is expected to surge the demand for lightweight wheels. As aluminum wheels are lighter as compared to the other types of wheels, nowadays significantly used by the manufacturers to decrease the weight of vehicles. Government regulations impended by various countries regarding the weight reduction to decrease fuel consumption is expected to create high growth opportunities for these types of wheels. Further, with the growing technological complexities in the vehicle, manufacturers are opting to provide better customer satisfaction and service by following government safety standards.

High disposable income, affordability among the consumers, and the increasing number of vehicle parc on road are some of the primary reasons, which are expected to influence the sale of luxury vehicle wheels over the forecast period. The demand for new commercial vehicle wheels is expected to advance by in the next couple of years, the average growth of passenger cars also can lead to fruitful prospects for the wheels market.

North America is estimated to have the largest market share, followed by Europe. The Asia Pacific regional market is expected to witness robust growth over the forecast period, owing to the increasing awareness regarding the design services in the passenger cars. The rise in demand can be attributed to the growth in the adoption of aluminum and carbon fiber wheels in autonomous cars in the developing countries including China, Japan, South Korea, and Singapore.

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

Further key findings from the report suggest:

• In terms of vehicle type, the passenger cars segment is estimated to gain high traction in the market. This is due to the high adoption of customized wheels in luxury cars and racing cars, which primarily improve the performance of the vehicle.          
• The aluminum alloy segment is among the largest market share for the automotive wheels aftermarket, as the material is highly affordable and has great potential as a replacement of ferrous alloys. For high mechanical properties and the need for a significant weight saving, aluminum casting is considered one of the best options for automotive applications.
• Increased usage of high-performance wheels in passenger cars, owing to its remarkable properties, namely proper replacement, optimum dimension, massive load carrying capacity, and correct fitment, is expected to create new avenues over the forecast period.
• The key participants in the market are namely RONAL Group, BORBET Gmbh, Enkei Corporation, AEZ Leichtmetallräder GmbH, Beyern Wheels, and others.

Grand View Research has segmented the automotive wheels Aftermarket on the basis of vehicle type, material type, rim size, coating type, distribution channel, and region:

Automotive Wheels Aftermarket Vehicle Type Outlook (Revenue, USD Billion, 2014 - 2025)

• Passenger cars
  • Basic
  • Racing
• Commercial vehicles

Automotive Wheels Aftermarket Material Outlook (Revenue, USD Billion, 2014 - 2025)

• Alloy
• Steel
• Aluminum
• Others (Carbon Fiber, Nickel)

Automotive Wheels Aftermarket Coating Type Outlook (Revenue, USD Billion, 2014 - 2025)

• Liquid Coating
• Powdered Coating

Automotive Wheels Aftermarket Rim Size Outlook (Revenue, USD Billion, 2014 - 2025)

• 13 - 19 inches
• 19 - 21 inches
• 21 inches and above

Automotive Wheels Aftermarket Distribution Channel Outlook (Revenue, USD Billion, 2014 - 2025)

• Retailers
• W&D

Automotive Wheels Aftermarket Regional Outlook (Revenue, USD Billion, 2014 - 2025)

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

Indoor Farming Market With Strong Application and Scope By 2025

The global indoor farming market size is estimated to reach USD 50.3 billion by 2025, exhibiting a CAGR of 9.19% from 2019 to 2025, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This in turn is driving demand for indoor farms to produce food. In addition, challenges, such as rising global temperature and extreme weather conditions, act as a barrier in the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an environment-friendly way.

Indoor farming increases the crop yield and reduces farming impact on the environment by reducing the distance traveled in the supply chain. It reduces need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding consumption of healthy and fresh food is anticipated to positively influence the market for indoor farming over the forecast period. Furthermore, the use of technology, such as LED indoor farming to create nature-like conditions will help farmers meet the expected demand for food supply in near future.

Europe dominated the indoor farming market in 2018 and is anticipated to remain dominant over the coming years, owing to the continuous adoption of advanced technologies such as LED lighting, controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2019 to 2025, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is projected to bode well for the regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.

The key players operating in the market include Netafim (Israel), Richel Group (France), PRIVA (Netherlands), and Argus Control System Limited (Canada). Companies across the globe, such as Signify Holding and Osram GmbH, are working on developing innovative lighting systems for indoor farming.

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

Further key findings from the report suggest:

• The greenhouses segment dominated the market in terms of revenue in 2018 as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits
• The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific
• The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as the crop development can be controlled by adjusting and monitoring the concentration of minerals
• Some of the key players operating in the indoor farming market include LumiGrow (U.S.), Illumitex (U.S.), Hydrodynamics International (U.S.), and Agrilution (Germany)

Grand View Research has segmented the global indoor farming market based on facility type, component, crop category, and region:

Indoor Farming Facility Type Outlook (Revenue, USD Million, 2014 - 2025)

• Greenhouses
• Vertical Farms
  • Shipping Container
  • Building-based
• Others

Indoor Farming Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
  • Climate Control Systems
  • Lighting Systems
  • Sensors
  • Irrigation Systems
• Software
  • Web-based
  • Cloud-based

Indoor Farming Crop Category Outlook (Revenue, USD Million, 2014 - 2025)

• Fruits, Vegetables, & Herbs
  • Tomato
  • Lettuce
  • Bell & Chili Peppers
  • Strawberry
  • Cucumber
  • Leafy Greens (excluding lettuce)
  • Herbs
  • Others
• Flowers & Ornamentals
  • Perennials
  • Annuals
  • Ornamentals
• Others

Indoor Farming Regional Outlook (Revenue, USD Million, 2014 - 2025)

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