Shock Sensors Market Set to Surge Significantly During 2019-2025: Grand View Research Inc.

 The global shock sensor market size is expected to reach USD 1,726.7 million by 2025, registering a CAGR of 17.2% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The increasing use of shock sensors in oil & gas exploration activities and products such as laptops, ATMs, bank vaults, burglar alarms, and sports & safety helmets is expected to remain the key factor driving their demand over the forecast period. The increasing number of smart city initiatives undertaken across different countries is expected to further fuel the shock sensors market growth.

Shock sensors are compact in size as well as affordable. These benefits are leading to their large-scale use by buyers in the consumer electronics segment. They are also deployed inside cars and homes, wherein any kind of forced entry or a slight tap triggers an alarm. Moreover, they are user-friendly and consumers can operate and track the alarm performance using a laptop or a smartphone. These easy-to-use features are leading to a surge in their demand.

Furthermore, shock sensors are widely used in sports helmets. They are embedded in helmets and mouth guards to record impacts whenever players injure themselves and play a crucial role in determining the nature of the injury, thereby helping doctors/health experts decide the best course of treatment. The data emitted by these sensors is transferred to smartphones or a connected computing device, which helps offer timely medical assistance. For instance, i1Biometrics, a Washington-based company, manufactures a variety of shock sensors designed specifically to be attached to helmets for rendering timely assistance to sportspersons.

There has been a growing need for protecting shipped goods from damages caused during transit. This is one of the major factors expected to drive the market growth over the forecast period. Additionally, the demand for shock sensors is increasing in Asia Pacific, Alaska, and Africa owing to the steady growth in oil & gas exploration activities in these regions. The shock sensors used for various applications in the oil & gas industry are rugged and can withstand harsh environments with very high temperatures.

The major players have been shifting their focus on research & development activities aimed at the development of new technologies and fine-tuning their existing products to sustain the growing competition. The manufacturers also offer a few key add-on services such as maintenance services and the add-on software analytics used to measure shocks. These measures are enabling manufacturers to maintain their market positions.

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https://www.grandviewresearch.com/industry-analysis/shock-sensor-market

Further key findings from the report suggest:

• Aerospace segment is anticipated to register the highest CAGR from 2019 to 2025 owing to the growing use of sensors for recording and monitoring vibrations in hazardous environments
• The strain gage segment is anticipated to register the highest CAGR of 20.6% from 2019 to 2025 owing to the increasing adoption of strain gage shock sensors as primary sensors
• The Asia Pacific regional market is anticipated to reach USD 545.6 million by 2025 owing to the increase in aerospace and defense budgets of countries such as India and China
• Key industry participants include TE Connectivity; Murata Manufacturing Co., Ltd.; PCB Piezotronics Inc.; Honeywell International, Inc.; Dytran Instruments Inc.; Mobitron AB; Meggitt SA; Spotsee; IMI Sensors; SignalQuest, LLC; Climax Technology Co. Ltd.; and i1Biometrics.

Grand View Research has segmented the global shock sensors market on the basis of type, material, end use, and region.

Shock Sensors Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

• Piezoelectric
• Piezoresistive
• Capacitors
• Strain Gage
• Others

Shock Sensors Material Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

• Tourmaline
• Quartz
• Salts
• Gallium Phosphate

Shock Sensors End-Use Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

• Automotive
• Aerospace
• Industrial
• Consumer Electronics
• Others

Shock Sensors Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025)

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

Mobile Cranes Market Trends, Demand, Production, Analysis and Forecast to 2025: Grand View Research Inc.

 Mobile Crane Market Growth & Trends

The global mobile cranes market size is expected to reach USD 17.03 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 6.1% over the forecast period. Rising construction activities focused on the refurbishment of existing infrastructures and increasing government initiatives for building better infrastructures, such as houses, schools, hospitals, stadiums, government buildings, and airports, are anticipated to boost the market growth. The increasing application of mobile cranes in both core and non-core industrial projects and maintenance works is also expected to propel their demand over the forecast period.

In India, the demand for mobile cranes is growing owing to the increasing number of infrastructure projects, which has led to requirements for erection and lifting. The growth is evident in the industrial as well as the core infrastructure sectors. Mobile crane manufacturers and rental agencies are witnessing an upsurge in demand for medium and high capacity cranes. Mobile cranes are widely used in India for major industrial applications such as power plants and turbine manufacturing.

Meanwhile, the demand for mobile cranes in China is growing due to the One Belt One Road initiative taken by the government in the country. Through this initiative, the Chinese government aims to develop better trade facilities such as roads, bridges, and infrastructure such as energy projects, railway, and buildings between China, India, Pakistan, and Europe. Moreover, house building projects have increased in Europe, mainly in London and South East Europe, thus providing a good pipeline for infrastructure work.

Meanwhile, the U.S. government is anticipated to increase its infrastructure expenses by over USD 1 trillion over the next ten years in order to create more jobs. This initiative is expected to bolster the demand for mobile cranes in the country. Additional factors that have propelled the market growth include increasing competition, growing use of mobile cranes in the mining companies, robust industrialization, commercialization, adoption of telematics, and the use of GPS technology in mobile cranes.

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Mobile Crane Market Report Highlights

• The market for mobile cranes is expected to register a CAGR of 6.1% from 2019 to 2025
• The truck mounted segment emerged as a prominent product segment in 2018. The demand for crawler cranes is increasing in the Middle East & Africa owing to the growing oil & gas industry in the region
• The Asia Pacific regional mobile crane market is projected to witness substantial growth over the next decade owing to growing construction activities in the region
• Key players operating in the market include Liebherr-International AG, Manitowoc, XCMG Group, Kobelco Construction Machinery Co. Ltd., and Tadano Ltd., accounting for majority shares of the total revenue in 2018

Mobile Crane Market Segmentation

Grand View Research has segmented the mobile crane market on the basis of product type, application type, and region: 

Mobile Crane Product Type Outlook (Revenue, USD Billion, 2015 - 2025)

• Truck Mounted
• Trailer Mounted
• Crawler Crane

Mobile Crane Application Type Outlook (Revenue, USD Billion, 2015 - 2025)

• Construction
• Industrial
• Utility

Mobile Crane Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• 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.

Milling Machine Market Trends Analysis And Forecast Till 2025: Grand View Research Inc.

 Milling Machine Market Growth & Trends

The global milling machine market size is expected to reach USD 100,861.0 million by 2025, registering a CAGR of 7.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. The growing popularity of multi-axis milling machines, which can potentially transform the overall machining process by making it more accurate, reducing the amount of human intervention required, and improving the surface finish of the final product, is expected to contribute to the growth of the market.

The demand for fabricated metal products, particularly from the construction and machinery industries, is growing across the globe. Fabricated metal products are widely used in a variety of commercial as well as household use products such as ammunition, cutlery and utensils, and building items. The growing demand for such and other fabricated metal products is driving the demand for milling machines globally.

CNC machining has become pivotal for the manufacturing industry and is turning out to be a widely-sought technique to machine metal parts with a high level of precision. CNC machining involves a precise automation process that can produce high-quality metal products without any human intervention. Moreover, manufacturers are increasingly opting for machines with multi-axis machining capabilities in order to produce high-quality metal parts within shorter time durations.

Some of the latest trends the market has been witnessing include the continued adoption of 5-axis and 6-axis milling machines. While 5-axis machines have had a significant impact on the metal processing industry by eliminating the turnaround time, reducing waste, and increasing efficiency; 6-axis machines hold the potential to transform the machining operations and processes in their entirety. The growing demand for high-quality fabricated metal products from defense & aerospace and automotive, among other industries, is leading to growth opportunities for developing new and innovative multi-axis machine tools.

Automation is gaining traction in the machining industry in developed as well as developing economies. However, Asia Pacific is poised to emerge as the dominant regional market over the forecast period. Asia Pacific is home to a large and well-established manufacturing sector, which requires a myriad of machine tools and metal cutting products. As such, companies in the Asia Pacific market are expected to adopt innovative technologies to manufacture metal cutting products and machine tools.

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Milling Machine Market Report Highlights

• Advances in technology coupled with a large consumer base are expected to create growth opportunities for automatic milling machines
• The automotive end-use segment is expected to register the highest CAGR over the forecast period owing to the growing demand for metal parts with high-quality cuts and finishes
• In terms of type, the vertical milling machine segment is expected to register the highest CAGR of 7.45% from 2019 to 2025. This can be attributed to the fact that these machines are affordable to procure and occupy smaller floor space
• Europe is anticipated to emerge as the fastest-growing regional market as Europe is home to a continuously-growing automotive industry and a promising energy sector
• Some of the key players of milling machine market are AMADA CO., LTD.; Amera Seiki, DATRON Dynamics, Inc.; DMG MORI; Haas Automation, Inc.; FANUC CORPORATION; Okuma Corporation; Shenyang Machine Tool Co., Ltd. (SMTCL); Hurco Companies, Inc.; Dalian Machine Tool Group (DMTG) Corporation; and Yamazaki Mazak Corporation.

Milling Machine Market Segmentation

Grand View Research has segmented the global milling machine market on the basis of type, end use, and region.

Milling Machine Type Outlook (Revenue, USD Million, 2014 - 2025)

• Horizontal Milling Machine
• Vertical Milling Machine

Milling Machine End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others

Milling Machine Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Italy
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • 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.

Smart Advertising Market Projected To Be Worth USD 2,175.8 Million By 2025: Grand View Research Inc.

 The global smart advertising market size is expected to reach USD 2,175.8 million by 2025, registering a CAGR of 19.4% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The capability of smart advertising to deliver highly customized multimedia content to target customers is a key factor anticipated to drive market growth over the forecast period. Furthermore, the increasing consumption of digital media in comparison to conventional printed billboards and posters by the consumer has led to an increased demand for smart advertising.

The growth of high-speed broadband and wireless 4G and 5G internet connectivity has enabled Digital Out Of Home (DOOH) media companies to stream high-resolution, customized, and interactive multimedia content to consumers through digital posters and billboards. Technological advancements such as Bluetooth Low Energy (BLE) beacons and geofencing have enabled DOOH advertising companies to offer personalization and tracking functionalities to advertisers. Apart from content personalization, the immersive experience offered by high-resolution digital displays has been successful in increasing customer engagement and stimulating purchase desire. In the current visually-cluttered digital environment, smart advertising has enabled companies to develop a creative, innovative, and improved DOOH advertising strategy using a network of digital displays, digital posters, and interactive kiosks.

The increasing focus of multinational companies to tap the rapidly growing Asia Pacific markets such as India and China is also expected to propel market growth. Furthermore, DOOH media companies are aggressively deploying new networks of digital displays to cater to the growing demand of advertisers. The increased focus of several countries in the Asia Pacific region on the development of high-speed internet infrastructure as part of smart city initiatives is also expected to drive the demand for smart advertising and digital billboards over the forecast period.

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

Further key findings from the study suggest:

• In terms of component, the hardware segment is anticipated to emerge as the fastest-growing segment over the forecast period. This can be attributed to the increasing deployment of digital billboards, digital posters, and interactive kiosks at public places such as airports, stations, and highways
• In terms of product, the digital poster segment is anticipated to gain traction over the forecast period owing to their growing deployment in private and commercial locations such as business centers and shopping malls
• In terms of end use, the corporate segment is expected to witness the fastest growth over the forecast period. This is attributed to the increasing number of highly customized and creative advertising campaigns undertaken by corporates to increase consumer engagement and drive sales
• The Asia Pacific regional smart advertising market is expected to register the highest CAGR over the forecast period. This can be attributed to the high expenditure on marketing by multinational companies that are striving to establish a strong presence in the emerging economies of India and China
• Key players operating in the market include OUTFRONT Media Inc., Lamar Advertising Company, CIVIQ Smartscapes, JCDecaux Group, Clear Channel Outdoor Holdings, Inc., Include Ltd., Intersection, Changing Environments Inc., IKE Smart City, Exterion Media (UK) Limited, and Captivate, LLC

Grand View Research has segmented the global smart advertising market based on component, product, end use, and region:

Smart Advertising Component Outlook (Revenue, USD Million, 2016 - 2025)

• Hardware
• Software
• Services

Smart Advertising Product Outlook (Revenue, USD Million, 2016 - 2025)

• Interactive Kiosk
• Digital Billboard
• Digital Poster
• Others

Smart Advertising End Use Outlook (Revenue, USD Million, 2016 - 2025)

• Corporate
• Government
• Education
• Food & Beverage
• Others

Smart Advertising Regional Outlook (Revenue, USD Million, 2016 - 2025)

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

Player Tracking System Market to Record an Exponential CAGR by 2025

 The global player tracking system market size is expected to reach USD 10.70 billion by 2025, registering a CAGR of 25.4% from 2019 to 2025, according to a new report by Grand View Research, Inc. The continued emphasis of the coaching staff of prominent teams on tracking and enhancing the performance of players is expected to drive the growth of the market. Efforts aimed at preventing injuries to players are also necessitating the use of an appropriate player tracking system, thereby contributing to the growth of the market.

GPS-based tracking systems are expected to witness a high rate of adoption over the forecast period. The ease of installation, affordability, and availability are increasingly encouraging various sports teams to utilize GPS-based tracking systems for practice sessions as well as during tournaments. Many colleges and universities have started using GPS trackers for their football and rugby teams owing to similar reasons. For instance, Baylor University from Texas, University of Oregon, University of North Carolina, and Vanderbilt University from Nashville are some of the educational institutes in the U.S. that are using GPS trackers to monitor the performance of their players.

Asia Pacific is emerging as one of the promising regional markets for player tracking system companies. Several sports leagues in the region are increasingly adopting different kinds of tracking systems for players. For instance, the Board of Control for Cricket in India (BCCI) had signed a deal with STATSport Group, asports tech company based in the U.K., to implement a GPS-based player tracking system for the Indian cricket team ahead of the ICC Cricket World Cup 2019 to measure physical metrics of individual players.

However, the market is getting highly competitive as new entrants are foraying into the market with innovative and customized products. For instance, Gpexe System and Catapult Sports have launched wireless charging GPS trackers for players. These devices can be paired with smartphones to track the players in real time using dedicated apps. Moreover, market players are also forming strategic alliances with sports teams to gain a competitive advantage in the market. For instance, in March 2019, Sonda Sports announced a collaboration with Lions Rugby Co., a South African rugby team, to provide GPS tracking system. Similarly, in April 2019, Kinexon partnered with Brose Bamberg, a German basketball team from Bamberg, North Bavaria, to provide a sports tracking system.

Access Research Report of Player Tracking System Market @ https://www.grandviewresearch.com/industry-analysis/player-tracking-system-market

Further key findings from the report suggest:

• The services segment is expected to exhibit the highest CAGR over the forecast period owing to the growing demand for application-based monitoring systems
• The wearables segment is expected to register a high growth rate owing to the affordability and easy availability of GPS trackers
• The team sports segment is expected to exhibit the highest CAGR owing to the continued adoption of latest tracking technologies
• The Asia Pacific regional market is anticipated to register a CAGR of over 28% owing to the continued rollout of high-speed internet networks and proliferation of smart devices in the sports industry
• Some of the prominent players of player tracking system market include ChyronHego Corporation, Stats LLC, STATSports Group, and SPT Group Pty Ltd., among others.

Grand View Research has segmented the global player tracking system market on the basis of offering, technology, end use, and region:

Player Tracking System Offering Outlook (Revenue, USD Million, 2015 - 2025)

• Solution
• Services

Player Tracking System Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Optical
• Wearables
  • Satellite
  • Others (Bluetooth, LPS, and RFID)

Player Tracking System End Use Outlook (Revenue, USD Million, 2015 - 2025)

• Individual
  • Tennis
  • Golf
  • Others
• Team Sports
  • Football
  • Basketball
  • Rugby
  • Others

Player Tracking System Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Australia
  • 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.

Volatile Organic Compound Gas Sensor Market Will See Strong Expansion Through 2025: Grand View Research Inc.

 The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.

A VOC gas sensor is an electronic device that detects the presence of gases such as benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area and is often integrated into a safety system. These sensors are integrated into leak detection devices and consume low power.Technological developments, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.

VOC sensors are widely used in air monitoring devices to observe emission levels owing to their unique properties such as high sensing performance, portability, and compact size among others. However, these sensors still exhibit limitations such as poor selectivity and lack high operating temperatures. Hence, to counter these challenges, companies are coming up with advanced MEMS sensors to overcome the limitations.

The infrared-based VOC gas sensor is anticipated to witness substantial growth as it enables the accurate measurement of a wide variety of VOC gases with benefits such as instantaneous results, ease of operation, and low cost. Moreover, increased adoption of VOC gas sensors can be attributed to the high need for safety in the oil and gas sector. This is anticipated to further create growth opportunities for the volatile organic compound gas sensors market.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/volatile-organic-compound-gas-sensor-market

Further key findings from the report suggest:

• Stringent regulations such as the World Health Organization (WHO) Air Quality Guidelines for Europe have specified the permissible levels of formaldehyde, toluene, and tetrachloroethylene gases that are released in the atmosphere as a result of industrial processes
• Single gas detection sensors are majorly used in automotive applications and are widely used for the detection of VOC gases such as combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others
• PID sensors can detect concentrations of explosives and hydrocarbons below the Lower Explosive Limit (LEL). Therefore, they are ideal for applications such as monitoring and controlling of decontamination and leak detection in closed rooms and confined spaces
• The use of VOC sensors is growing at a rapid pace for real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment
• Key players in the VOC gas sensors market include ABB Ltd., Siemens AG, Aeroqual Limited., Alphasense, City Technology Ltd., Bosch Sensortec, and SGX Sensortech among others

Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region:

Volatile Organic Compound (VOC) Gas Sensor Type Outlook (Revenue, USD Million, 2014 - 2025)

• Single Gas Detection Sensor
• Multiple Gas Detection Sensor

Volatile Organic Compound (VOC) Gas Sensor Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Photo-Ionization Detector (PID)
• Infrared-based Detection
• Metal-oxide Semiconductor
• Others

Volatile Organic Compound (VOC) Gas Sensor Application Outlook (Revenue, USD Million, 2014 - 2025)

• Oil & Gas
• Agriculture
• Automotive
• Chemical Industry
• Manufacturing
• Food & Beverages
• Metals & Mining
• Others

Volatile Organic Compound (VOC) Gas Sensor Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Optical Character Recognition Market to Bring In USD 13.38 Billion by End of the Forecast Period

 The global optical character recognition market size is expected to reach USD 13.38 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 13.7% from 2019 to 2025. Increasing investments in Optical Character Recognition (OCR) startup companies and adoption of OCR across diversified industry verticals is projected to drive the OCR market growth.

Digitalization plays a critical role in changing the way organizations operate. It has helped companies improve efficiency of their business processes. Enterprises are investing large amounts in technologies that can help them digitalize their work process and increase productivity. Since data is a critical element for an organization, adoption of technologies such as OCR, which enables users to convert text data in different types of documents and images into editable or accessible formats, has increased. OCR solutions are integrated with a wide range of technologies such as robotic process automation and Artificial Intelligence (AI) to enhance their capabilities.

Integration of artificial intelligence with optical character recognition has helped companies in leveraging technological capabilities of artificial intelligence such as deep learning and multi-level analysis for the more efficient processing of documents, texts, and other data in a way similar to that of humans. These advanced technologies also help to address inaccuracies that occur in OCR, thereby providing streamlined fault management. This, in turn, helps reduce costs of processing documents and increase efficiency within the organization.

Vendors across diversified industry verticals, such as retail, banking, and healthcare, are widely adopting OCR technology. In terms of vertical, BFSI accounted for the largest OCR market share in 2018, owing to the increasing use of the technology in business transactions and scanning checks and other critical documents. The demand for OCR in healthcare sector is expected to grow moderately over the forecast period.

North America market accounted for the largest market share of 39.39% in 2018 owing to the early and rapid adoption of advanced technologies across MNCs in the region. Asia Pacific optical character recognition market, on the other hand, is likely to provide promising growth opportunities and is anticipated to register the highest CAGR of 16.7% over the forecast period.

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

Further key findings from the report suggest:

• Significant increase in investment for advancement of OCR in startup companies is expected to remain one of the key driving factors
• Emergence of new technologies such as computer vision, machine learning, and artificial intelligence is unfolding new opportunities for industry growth
• North America led the global optical character recognition market in 2018. Asia Pacific is projected to register the highest CAGR of 16.7% from 2019 to 2025
• Key competitors are Google LLC; Adobe; International Business Machines Corporation; Microsoft Corporation; ABBYY; Anyline GmbH; Captricity Inc. (Vidado); CC Intelligence Corporation; Creaceed SPRL; CVISION Technologies Inc.; LEAD Technologies Inc.; Nuance Communication Inc.; Exper-OCR, Inc.; and Iris S.A.

Grand View Research has segmented the global optical character recognition market based on type, vertical, and region:

Optical Character Recognition Type Outlook (Revenue, USD Million, 2014 - 2025)

• Software
  • Desktop-based OCR
  • Mobile-based OCR
  • Cloud-based OCR
    • Private
    • Public
  • Others
• Services
  • Consulting
  • Outsourcing
  • Implementation & Integration

Optical Character Recognition Vertical Outlook (Revenue, USD Million, 2014 - 2025)

• Retail
• BFSI
• Government
• Education
• Transport and Logistics
• Healthcare
• IT & Telecom
• Manufacturing
• Others

Optical Character Recognition Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
• Middle East and Africa (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.

Vehicle Access Control Market Revenue Sales to Reach USD 17,257.9 Million by 2025: Grand View Research Inc.

 Vehicle Access Control Market Growth & Trends

The global vehicle access control market size is expected to reach USD 17,257.9 million by 2025, registering a CAGR of 10.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing concerns over safety and security of vehicles in developing as well as developed nations are expected to drive the demand for access control systems for vehicles over the forecast period. Vehicle access control solutions can also contribute toward efficient traffic management as they can also be used to control vehicle access across tollways, bridges, and public buildings, thereby driving the market growth.

The rising instances of car thefts all over the world are particularly necessitating the installation of vehicle access control systems. For instance, a total of 773,139 vehicles were stolen in the U.S. in 2017, which was approximately 1% higher than the previous year. Improved security features offered by the modern vehicle access control systems is particularly encouraging car owners to equip their cars with these systems.

The biometric segment is expected to witness the fastest growth owing to the ability of biometric systems to ensure a high level of security for vehicles. Biometric solutions can be based on various technologies, such as fingerprint recognition, face recognition, and iris recognition. Given that biometrics, such as fingerprints and irises, are characteristic to every individual and are unique and unrepeatable, any solution based on biometrics can provide unmatched security.

Request a free sample copy or view report summary: Vehicle Access Control Market Report

Vehicle Access Control Market Report Highlights

• Implementation of innovative vehicle access control technologies, such as keyless entry, tracking, and fingerprint-enabled ignition switch, to enhance the driver’s experience is expected to drive the market growth
• The tollways segment dominated the vehicle access control market in 2018 and is expected to witness healthy growth over the forecast period owing to the continued implementation of RFID systems across highways to improve the traffic management
• The commercial buildings segment is expected to witness the fastest growth owing to the growing need to prevent unknown or unauthorized people from bringing their vehicles inside commercial buildings
• The Asia Pacific regional market is expected to register the fastest growth over the forecast period as manufacturers in the region are trying aggressively to reduce the deployment costs so that these systems can also be featured in low- and mid-end cars
• Key market players, such as Continental AG, Robert Bosch GmbH, Hella GmbH, Nuance Communication, Smartrac N.V., and Lear Corporation, are pursuing various strategies to strengthen their foothold in the market.

Vehicle Access Control Market Segmentation

Grand View Research has segmented the global vehicle access control market based on technology, application, and region:

Vehicle Access Control Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Biometric
• Non-Biometric
• RFID
• Others

Vehicle Access Control Application Outlook (Revenue, USD Million, 2014 - 2025)

• Tollways
• Commercial Buildings
• Residential Buildings
• Others

Vehicle Access Control Regional Outlook (Revenue, USD Million, 2014 - 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.

Transportation Management System Market Pegged For Strong Growth During 2019-2025: Grand View Research Inc.

 The global transportation management systems market size is expected to reach USD 198.82 billion by 2025, at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. The emerging growth of the retail and e-commerce sector and the increasing need for automation and technology in supply chain and logistics are driving the adoption of transportation management system (TMS). Advancements in digital technologies which have led to the implementation of cloud transportation management systems, Internet of Things (IoT), predictive analytics, Artificial Intelligence (AI) solutions, and blockchain technology facilitate the market growth. In addition, the high Return on Investment (RoI) on the implementation of a TMS module is drawing a large number of players to the market, which is expected to drive the growth.

Logistics and supply chain companies are significantly investing in the deployment of the latest technologies in their transportation management systems to make optimum use of the high volume of data produced daily. AI is extensively used by logistics companies to enhance real-time decision-making abilities related to cost, carriers, inventories, and the availability of cargos and shipments. Big data-driven applications have already emerged to help streamline the logistics industry on a global scale.

The need for visibility, scalability, and flexibility across the supply chain is a major driving force for the transportation management system market. With the growth in the e-commerce industry around the world, the online retail market is developing rapidly, and customers are looking for highly personalized retail experiences, which subsequently helps drive the market. As the logistics and transportation sectors continue to grow, the need for faster, smarter, and more efficient shipping services becomes crucial, which is expected to make a significant contribution to the growth of the market.

There has been a rise in the competition among various module developers due to the introduction of technologies such as AI and blockchain. These technologies significantly contribute to the improvement of transportation management systems. Companies are making huge investments in their technological R&D to improve payment processing, freight location monitoring, and order fulfillment. Automation in logistics is gaining a lot of importance in the market, and module developers see this as a significant market opportunity. It would prove important for companies to embrace these technologies over the coming years to maintain a competitive position in the TMS market.

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https://www.grandviewresearch.com/industry-analysis/transportation-management-systems-market

Further key findings from the report suggest:

• Increasing digitalization and growth of the e-commerce industry in emerging economies are expected to drive the transportation management system market over the forecast period
• The Cloud TMS segment is expected to register the highest CAGR of 17.2% over the forecast period
• Growing investments in railway infrastructure are expected to fuel the overall market growth in the forthcoming years
• North America held the largest market share in 2018. The increasing import and export activities between U.S. and Canada, U.S. and Mexico, and U.S. and other countries are expected to drive the market
• Key players including Oracle Corporation; SAP SE; The Descartes Systems Group, Inc.; and JDA Software Inc. among others accounted for a majority share of the overall market in 2018

Grand View Research has segmented the global transportation management system market on the basis of deployment mode, mode of transportation, end user, and region:

Transportation Management Systems Deployment Mode Outlook (Revenue, USD Billion, 2015 - 2025)

• On-Premise
• Cloud

Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Billion, 2015 - 2025)

• Roadways
• Railways
• Waterways
• Airways

Transportation Management Systems End User Outlook (Revenue, USD Billion, 2015 - 2025)

• Retail & E-commerce
• Manufacturing
• Logistics
• Government Organizations
• Others

Transportation Management Systems Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• 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.

Automotive Cyber Security Market to Witness Tremendous Growth and Expansion by 2025

 Automotive Cyber Security Market Growth & Trends

The global automotive cyber security market size is expected to reach USD 5.56 billion by 2025 expanding at a CAGR of 21.4% during the forecast period, according to a study conducted by Grand View Research, Inc. Increasing risks of data breaching due to rise in number of connected and automated vehicles will drive the market. Moreover, growing emphasis of OEMs on strengthening cyber security policies is expected to propel the demand for automotive cyber security over the projected period. Cloud infrastructure, mobile cross platforms, and automotive data taxonomy, are the key connectivity trends in the automotive cyber security market.

Technological advancements pertaining to network connectivity in autonomous vehicles are gaining traction owing to increasing data and volume of data exchange, which is also likely to contribute to the market growth. Moreover, onboard electronic information-control systems like tire-pressure, electric power steering, fixed-speed cruise control, and auto-braking sensors have become mandatory across all the vehicle categories. Other sophisticated systems are also making their way into automotive electronics applications, such as infotainment, ADAS, navigation, powertrain, and safety systems. This, in turn, would further increase the vehicle-to-everything communication, thereby creating lucrative growth opportunities for the market in automotive sector.

North America is the largest regional market due to increasing demand for autonomous vehicles and quick adoption of new technologies like smart antenna and connected car systems. Moreover, rising investments and stringent measures taken by the government towards incorporating cyber security policies for the automotive market have bolstered the regional market growth. Some of the prominent industry participants include Vector Informatik GmbH, Arilou Technologies, NXP Semiconductors N.V., Argus Cyber Security Ltd, ESCRYPT, Continental AG, and HARMAN International.

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Automotive Cyber Security Market Report Highlights

• The passenger car segment in Europe is expected to account for 77.1% by 2025 due to rising production of Electric Vehicles (EVs), development and implementation of cyber security strategies, eco-friendly initiatives, and growing scope of data exchange
• Infotainment application led the market in China due to quick adoption of advanced vehicle technologies
• Wireless network security segment is expected to account for the largest share of the global automotive cyber security market by 2025
• Emphasis of OEMs on capabilities offered by connected car systems that have enabled a broad range of service and features contributes to growth of the market in developed economies

Automotive Cyber Security Market Segmentation

Grand View Research has segmented the global automotive cyber security market on the basis of security, vehicle type, application, service, and region:

Automotive Cyber Security Outlook (Revenue, USD Million, 2019 - 2025)

• Endpoint
• Application
• Wireless Network

Automotive Cyber Security Vehicle Type Outlook (Revenue, USD Million, 2019 - 2025)

• Passenger Car
• Commercial Vehicle
• Electrical Vehicle

Automotive Cyber Security Application Outlook (Revenue, USD Million, 2019 - 2025)

• ADAS & Safety System
• Infotainment
• Body Electronics
• Powertrain
• Telematics

Automotive Cyber Security Service Outlook (Revenue, USD Million, 2019 - 2025)

• In-vehicle Services
• External Cloud Services

Automotive Cyber Security Regional Outlook (Revenue, USD Million, 2019 - 2025)

• North America
  • US.
  • Canada 
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Russia
  • Turkey
  • Italy 
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Thailand 
• Rest of World
  • Brazil
  • South Africa
  • Iran

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.

Hip Replacement Implants Market Advanced Technologies and Growth Opportunities Worldwide By 2026

 Hip Replacement Implants Market Growth & Trends

The global hip replacement implants market size is expected to reach USD 7.8 Billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at exhibiting a CAGR of 4.7% over the forecast period. Growing prevalence of osteoarthritis & osteoporosis are expected to drive growth over the forecast period. In addition, a paradigm shift toward minimally invasive procedures is fueling the market globally. Moreover, favorable reimbursement policy is further propelling growth.

Moreover, individuals aged 60 years and above accounted for 12.3% of the global population in 2015 and this population is expected to reach 21.5% in 2050. Thus, increasing population of those aged 60 years and above is expected to impel growth. Moreover, increasing adoption of minimally invasive surgeries coupled with availability of variety of advanced treatment options is a key factor driving the market.

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Hip Replacement Implants Market Report Highlights

• Increasing demand for minimally invasive surgeries is anticipated to create growth opportunities in the hip replacement implants market.
• Increasing number of sports injuries & road traffic accidents are driving demand for total replacement surgeries.
• Total hip implants accounted for the largest revenue share as of 2018, owing to technological advancements and growing adoption.
• Metal-on-polyethylene (MOP) held the largest share of material segment due to its minimal surgical risk and negligible post-surgery complications.
• Hospitals & surgery centers held the largest revenue share of end-use segment due to maximum number of surgeries performed within these facilities.
• North America held the dominant share as of 2018, due to supportive government initiatives and presence of large number of industry players.
• Asia Pacific is anticipated to witness lucrative growth due to increase in the target population and booming medical tourism.
• Some key companies are Zimmer Biomet, Johnson & Johnson, Smith & Nephew Plc., Stryker, and Aesculap Implant Systems LLC.

Hip Replacement Implants Market Segmentation

Grand View Research has segmented the global hip replacement implants market on the basis of product, application, end use, and region:

Hip Replacement Implants Product Outlook (Revenue, USD Million, 2014 - 2026)

• Total Hip
• Partial Femoral Head
• Hip Resurfacing
• Revision Hip

Hip Replacement Implants Application Outlook (Revenue, USD Million, 2014 - 2026)

• Metal-on-Metal
• Metal-on-Polyethylene
• Ceramic-on-Polyethylene
• Ceramic-on-Metal
• Ceramic-on-Ceramic

Hip Replacement Implants End-use Outlook (Revenue, USD Million, 2014 - 2026)

• Orthopedic Clinics
• Hospitals & Surgery Centers
• Others

Hip Replacement Implants Regional Outlook (Revenue, USD Million, 2014 - 2026)

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

Traditional Wound Management Market to Record an Exponential CAGR by 2026: Grand View Research Inc.

 Traditional Wound Management Market Growth & Trends

The global traditional wound management market size is expected to reach USD 7.18 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.6% during the forecast period. Growing incidence of chronic diseases, increasing number of accidents, and rising number of ambulatory surgical centers are some of the key factors driving the market.

Global increase in incidence of chronic diseases such as diabetes, cancer, and other autoimmune diseases is one of the key factors driving market growth. Factors such as, adoption of unhealthy & sedentary lifestyles, alcohol consumption, and smoking are majorly contributing toward rise in prevalence of non-communicable diseases. Cancer has been a global healthcare burden as it is one of the leading causes of death. Most surgical wounds after cancer surgery are relatively large in size and deep, producing exudate, which requires routine management. The wound care products such as bandage, medical tapes, and gauze help manage large wounds, significantly reducing the risk of further infection. According to the WHO, in 2018, one in five men and one in six women, globally, develop cancer during their lifetime. Moreover, as per reports published by WHO, 18.1 million new cancer cases have been reported in 2018, globally. In addition, as per the WHO, over 70.0% of cancer-related deaths typically occur in middle- and low-income countries. Furthermore, rising prevalence of chronic conditions and growing number of surgeries being performed have also increased globally. Therefore, such factors are anticipated to positively impact growth over the forecast period.

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Traditional Wound Management Market Report Highlights

• In terms of revenue, acute wounds segment held the largest share in 2018 owing to rising cases of accidents and trauma globally.
• Gauze segment held the largest share in 2018 owing to its wide range of applicability in various types of wounds and availability of numerous products.
• Hospital segment held the largest share in 2018 due to rising cases of burns and surgeries.
• Asia Pacific is expected to witness the fastest growth over the forecast period owing to rising number diabetic patients in this region.
• Prominent players operating in traditional wound management market are Smith & Nephew PLC, Mölnlycke Health Care, Paul Hartman AG, and Cardinal Health.

Traditional Wound Management Market Segmentation

Grand View Research has segmented the global traditional wound management market on the basis of product, application, end use, and region:

Traditional Wound Management Product Outlook (Revenue, USD Million, 2015 - 2026)

• Gauze
• Tape
• Bandage
• Cotton

Traditional Wound Management Application Outlook (Revenue, USD Million, 2015 - 2026)

• Chronic Wounds
  • Diabetic Foot Ulcers
  • Pressure Ulcers
  • Venous Leg Ulcers
  • Others
• Acute Wounds
  • Surgical & Traumatic Wounds
  • Burn Wounds

Traditional Wound Management End-use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Clinics
• Home Healthcare
• Others

Traditional Wound Management Regional Outlook (Revenue, USD Million, 2015 - 2026)

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

Personal Lubricant Market Size Is Expected To Reach USD 1.6 Billion by 2026

 Personal Lubricant Market Growth & Trends

The global personal lubricant market size is expected to reach USD 1.6 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. New product launches to meet demand for natural lubricants is expected to aid market growth over the forecast period.

Emerging players are trying to capture higher share by developing lubricants made from natural and organic ingredients. Good Clean Love, Inc., an Oregon-based company in the U.S., was the first to develop organic lubricants. In November 2016, the company received a patent for its formulation of organic lubricants.

Moreover, promotional activities from manufacturers to destigmatize societal perception of using personal lubricants has positively impacted growth. For instance, in January 2019, Reckitt Benckiser’s Durex brand launched a marketing campaign on a global platform to challenge the misconceptions of using lubricants for female sexual discomfort.

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Personal Lubricant Market Report Highlights

• Water-based lubricants dominated the market in 2018, owing to lower prices and as they are easy to wash off
• Leading brands such as Durex, Sliquid, and Astroglide retail a range of water-based lubricants with variations in flavors, pack size, and packaging
• In July 2018, Trigg Laboratories, Inc. reinvented its entire product line with new packaging and products, which had contemporary, sleek, and modern designs. It also launched a new product line—Wet Hemptation and Wet Dessert
• The growing presence of e-commerce platforms and online retailers that offer freedom to select any product and make discrete delivery has helped overcome social taboo of buying these products
• Manufacturers, retail pharmacies, and supermarkets have also launched websites for providing easy access to customers.
• Geographically, North America held the largest share in 2018. The personal lubricant market is regulated by the U.S. FDA and manufacturers must comply with good manufacturing practices, and receive 510(k) medical device clearance for marketing
• In May 2016, Trigg Laboratories received FDA approval for Wet Original Personal lubricant by meeting the provisions for labeling, good manufacturing practices and prohibitions against adulteration and misbranding
• According to U.S. Census data and National Consumer survey, in 2018, K-Y lubricants were used by 28.58 million people, aiding it to capture significant share in the U.S.
• Asia Pacific is expected to be the fastest growing market during the forecast period. Aging population and high incidence of vaginal dryness & erectile are anticipated to drive demand.

Personal Lubricant Market Segmentation

Grand View Research has segmented the global personal lubricant market based on type, distribution channel, and region:

Personal Lubricant Type Outlook (Revenue, USD Million, 2015 - 2026)

• Water-Based
• Silicone-Based
• Oil-Based

Personal Lubricant Distribution Channel Outlook (Revenue, USD Million, 2015 - 2026)

• E-commerce
• Drug Stores
• Others

Personal Lubricant Regional Outlook (Revenue, USD Million, 2015 - 2026)

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

Ophthalmic Ultrasound Devices Market Size Is Expected To Reach USD 728.7 Million by 2026

 Ophthalmic Ultrasound Devices Market Growth & Trends

The global ophthalmic ultrasound devices market size is expected to reach USD 728.7 million by 2026, according to a new report by Grand View Research, Inc., growing at a CAGR of 6.1%. Increasing burden of ophthalmic disorders, such as cataract & retinal detachments, and high demand for effective imaging tools are factors driving growth. In addition, frequent new product launches are expected to contribute toward high growth during the forecast period.

Advanced technology with integrated scanning features is expected to replace the existing conventional devices. Rising number of private as well as non-profit ophthalmic clinics and ambulatory imaging centers in developing countries is expected to play an important role in driving the global ophthalmic ultrasound systems market.

Increasing incidence of diabetes, a major factor leading to ophthalmic disorders such as cataract & proliferative diabetic retinopathy, growing awareness about cataract surgeries, and introduction of technologically advanced devices are some of factors anticipated to drive the market over the forecast period.

Growing number of strategic initiatives, such as introduction of technologically advanced and integrated devices at competitive prices, establishing of exclusive agreement with hospitals & clinics, and mergers & acquisitions also aid growth. Moreover, establishment of ophthalmology society and evolving government and non-government programs supporting eye care are expected to boost the market.

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Ophthalmic Ultrasound Devices Market Report Highlights

• The A-scan segment held largest share and is expected to grow at lucrative CAGR over the forecast period owing to its increasing demand as critical imaging equipment in cataract surgery
• Ocular ultrasounds that are portable with integrated scanning features are anticipated to witness fastest growth during the forecast period
• Hospital segment accounted for the largest share in 2018. Large patient pool and government support in the form of funding for advancement of eye care in different geographies are expected to contribute toward growth of this segment
• North America dominated in 2018. Growth of this region is fueled by local presence of major manufacturers and suppliers developing advance technology coupled with rising prevalence of ophthalmic disorders
• Asia Pacific is anticipated to witness fastest growth over the forecast period due to improving healthcare infrastructure and growing economies
• Major players in the ophthalmic ultrasound devices market are focusing on launch of advance technology with improved parameters, such as image resolutions & data storage, and building efficient software for improving user interface

Ophthalmic Ultrasound Devices Market Segmentation

Grand View Research has segmented the ophthalmic ultrasound devices market on the basis of product, end use, mobility, and region:

Ophthalmic Ultrasound Devices Product Outlook (Volume, ‘000 Units; Revenue, USD Million, 2015 - 2026)

• A-Scan
• B-Scan
• Combined
• Pachymeter
• Ultrasound Biomicroscope

Ophthalmic Ultrasound Devices End-use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Ambulatory surgical Centre
• Ophthalmic clinic
• others

Ophthalmic Ultrasound Devices Mobility Outlook (Revenue, USD Million, 2015 - 2026)

• Standalone
• Portable/ Handheld

Ophthalmic Ultrasound Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • 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.

Eyelid Surgery Market Insights Business Opportunities, Current Trends And Forecast 2026: Grand View Research Inc.

 Eyelid Surgery Market Growth & Trends

The global eyelid surgery market size is expected to reach USD 5.2 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.8% over the forecast period. The growing use of non-surgical techniques, PlexR, for eyelid surgery and increasing aging population are some of the factors driving the market. In addition, rising cosmetic surgeries to remove bulges on the skin, wrinkles, and fat near the eyes are also expected to propel the market growth during the forecast period.

Medical and technical advancements in blepharoplasty are also anticipated to fuel market growth. Cosmetic surgeons are adopting a multi-procedure approach to enhance the overall results of eyelid surgery. For instance, combining eyelid surgery with an eyebrow lift, volume augmentation, or other related procedures is expected to have a synergistic effect, thereby boosting demand.

The growing cosmetic industry in the U.S., Brazil, South Korea, and Japan is another factor driving the market. Moreover, increasing adoption of advanced cosmetic procedures in emerging economies to improve appearance of eyes and reduce under eye fat is anticipated to positively impact market growth.

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Eyelid Surgery Market Report Highlights

• The upper eyelid surgery segment is anticipated to lead the eyelid surgery market in the forecast period due to its relatively low cost and rise in geriatric population
• Clinics & surgery centers segment is expected to hold substantial share in the forecast period owing to factors such as availability of skilled professionals and increase in the number of clinics and surgery centers
• Increasing adoption of advanced medical tools and techniques is anticipated to boost market demand. For instance, the non-surgical eyelid surgery removes the excess skin and provides the same results as surgical procedures do, without the inherent complications associated with the traditional procedure.
• North America holds the largest share compared to other regions, due to quick adoption of innovative medical techniques for surgeries and high demand for aesthetic procedures
• Asia Pacific is also expected to grow significantly in the forecast period owing to increasing disposable income and growing medical tourism in the region.

Eyelid Surgery Market Segmentation

Grand View Research has segmented the global eyelid surgery market based on procedure type, end use, and region:

Eyelid Surgery Procedure Type Outlook (Revenue, USD Million, 2015 - 2026)

• Upper Eyelid Surgery
• Lower Eyelid Surgery

Eyelid Surgery End-use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Clinics & Surgery Centers

Eyelid Surgery Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
• Middle East & Africa
  • South Africa
  • 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.