Demand for Logistics Insurance Market to Incur Considerable Upsurge During 2018– 2025

The global logistics insurance market is anticipated to reach USD 61.55 billion by 2025, according to a new report by Grand View Research, Inc. The increasing foreign direct investment, establishment of free trade zones, and increasing globalization has resulted in the rapid growth of the transportation industry in the emerging countries. The logistics hubs and trade routes are gradually shifting toward the emerging market. Privatization of the transportation industry has further spurred the industry growth in China, Turkey, and India.

The adoption of digital technologies enables the company to tap new opportunities for additional premiums, better risk selection, increasing governance, and improved customer experience. Insurers across the globe are implementing newer technologies and adopting cloud- and mobile-based technologies to tap the growing demand in the emerging markets. Through various distribution channels, the insurance companies are modernizing the legacy applications.

The insurance companies are implementing mobility as a part of the business strategy, owing to the increasing usage of smartphones in both developed and emerging markets. Customers can easily request a policy quote, calculate premium, locate insurance agent, and store the policy data with the advent of the mobile apps.

The insurance industry comprises of structured and unstructured data. Big data analytics plays a vital role in the insurance industry that delivers significant Return on Investment (ROI) and cost savings. The rise in digital integration and digital customer relationship management is likely to spur the market demand over the forecast period.

Access Research Report of Logistics Insurance Market @ www.grandviewresearch.com/industry-analysis/logistics-insurance-market

Further key findings from the report suggest:

• The increasing adoption of cloud- and mobile-based technologies to improve the customer experience
• The transportation industry is anticipated to witness a significant growth with a CAGR of over 3.5% over the projected period
• The maritime industry is anticipated to dominate the market in terms of revenue
• The Asia Pacific region is anticipated to dominate the market in terms of growth rate over the forecast period
• The rising financial asset and real estate values in the region are enabling the companies to have a higher premium volume
• The market posesa rising competition that enable insurers to invest more in technological advancement to enhance the customer experience
• The key players in the logistics insurance market include Integrity Transportation Insurance (U.S.), Liberty Mutual Insurance (U.S.), Peoples Insurance Agency (U.S.)

Grand View Research has segmented the logistics insurance market on the basis of industry and region:

Logistics Insurance Industry Outlook (Revenue, USD Billion, 2014 - 2025)

• Transportation
• Marine
• Aviation
• Others

Logistics Insurance Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • uS.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
  • Singapore
• Latin America
  • Mexico
  • Brazil
• Middle East and 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.

Point of Care Diagnostics Market to Reflect a Holistic Expansion During the Forecast Period

The global point of care diagnostics market size is expected to reach USD 24.1 billion by 2027, expanding at a CAGR of 3.2%, according to a new report by Grand View Research, Inc. Continuous advancement in the development of highly sensitive and specific miniaturized biosensors, based on microfluidic systems along with handheld devices, is anticipated to drive the market. These systems are capable of automation, integration, and multiplex detection, suitable for use in areas without well-trained professionals.

These tests have emerged as an indispensable part of modern healthcare, as it improves the quality, accuracy, availability, and affordability of patient care. The uptake of POC devices is rapidly progressing due to the incorporation of advanced technologies. For instance, in July 2019, HiberGene Diagnostics has outlined plans to develop a cost-effective POC testing system based on its licensed loop-mediated isothermal amplification technology.

The growing popularity of rapid testing in near-patient settings has positively impacted point of care testing market growth. The rise in investments to develop advanced rapid testing devices, such as single integrated user-friendly devices, fuels market progression. For instance, in February 2019, the Global Health Investment Fund (GHIF) granted USD 6 million to Atomo Diagnostics for the commercialization of its AtomoRapid diagnostic test platform.

Access Research Report of Point of Care Diagnostics Market@
https://www.grandviewresearch.com/industry-analysis/point-of-care-poc-diagnostics-industry

Further key findings from the report suggest:

• Glucose testing accounted for the largest revenue share owing to the high incidence rate of diabetes and the abundant usage of portable glucose meters
• Cancer markers are expected to witness the fastest growth rate due to the extensive ongoing R&D activities related to cancer and growing demand for circulating tumor cells (CTC) - based cancer detection
• POC tests offer several benefits as compared to conventional lab tests that lead to their high utilization rate in clinics, resulting in the largest revenue share of clinics
• These benefits include reduced turnaround testing timeline, delivery of on-site results, minimal contact with clinical staff, and faster diagnosis
• Continuous development of point of care devices, especially glucose meters, for home care settings, early detection, and prevention of diseases is expected to drive the home segment at the fastest growth rate
• North America dominated the point of care testing market owing to the favorable government initiatives and programs related to lipid and blood sugar level testing that encourage the usage rate of point of care tests in this region
• Key participants operating in this market include Danaher; Abbott Laboratories; bioMérieux SA; Trividia Health, Inc.; QIAGEN, F. Hoffmann-La Roche Ltd.; and Siemens
• Companies are adopting several strategic developments related to the development of biosensors for point of care settings
• For instance, in September 2019, BioMed X completed its collaboration with Roche Diagnostics for the development of nanomaterial-based biosensors for point of care testing

Grand View Research has segmented the global point of care testing market on the basis of product, end use, and region:

Point of Care Diagnostics/Testing Product Outlook (Revenue, USD Million, 2016 - 2027)

• Glucose Testing
• Hb1Ac Testing
• Coagulation
• Fertility
• Infectious Diseases
  • HIV POC
  • Clostridium Difficile POC
  • HBV POC
  • Pneumonia or Streptococcus Associated Infections
  • Respiratory Syncytial Virus (RSV) POC
  • HPV POC
  • Influenza/Flu POC
  • HCV POC
  • MRSA POC
  • TB and Drug-Resistant TB POC
  • HSV POC
  • Other Infectious Diseases
• Cardiac Markers
• Thyroid Stimulating Hormone
• Hematology
• Primary Care Systems
• Decentralized Clinical Chemistry
• Feces
• Lipid Testing
• Cancer Marker
• Blood Gas/Electrolytes
• Ambulatory Chemistry
• Drug Abuse Testing
• Urinalysis

Point of Care Diagnostics/Testing End-Use Outlook (Revenue, USD Million, 2016 - 2027)

• Clinics
  • Physician Office
  • Pharmacy & Retail Clinics
  • Non-practice Clinics
  • Urgent Care Clinic
• Hospitals
• Home
• Assisted Living Healthcare Facilities
• Laboratory

Point of Care Diagnostics/Testing Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Korea
  • Australia
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Chile
  • Argentina
• Middle East & Africa (MEA)
  • Saudi Arabia
  • South Africa
  • United Arab Emirates
  • Nigeria
  • Qatar
  • Kenya
  • Zimbabwe

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.

Bariatric Surgery Devices Market to Grow at Moderate CAGR of 10.15% CAGR Through 2022

The Report Bariatric Surgery Devices Market Size, Share & Trends Analysis Report By Procedures (Adjustable Gastric Band, Vertical Sleeve Gastrectomy, Roux-en-Y Gastric Bypass), And Segment Forecasts, 2012 - 2022

The global bariatric surgery devices market is expected to reach USD 2.8 billion by 2022, according to a new report by Grand View Research, Inc. The growing incidence rate of obesity has led to many government initiatives at regional as well as global level to increase the awareness related to obesity and undertake various incidence curbing action plans. For instance, the South Wales government launched the NSW Healthy Eating and Active Living Strategy 2013-2018 for preventing obesity.

In addition, to strategic planning, the governments of developed nations are also funding universities to design strategic interventions to control the rising obesity. For the year 2014, New Zealand invested USD 40 million for its Healthy Families NZ anti-obesity initiative. Moreover, industry players are also trying to tackle the rising problem of obesity by launching new products. In February 2017, a startup company, Allurion Technologies, located in Massachusetts, U.S. filed a regulatory filing to report the USD 19 million raised amount out of the target of USD 27 million. The funds were intended to use for the development non-endoscopic gastric balloon, Ellipse. This device is in the form of capsule which when swallowed, is inflated in the stomach and deflates after months and is passed out without the need for anesthesia for its removal. This device is anticipated to revolutionize the bariatric surgery devices market due to its ease of use over the forecast period

The demand for non-invasive surgeries is also increasing, as non-invasive surgeries save time, cost, and decrease hospital stay. Governments are also encouraging the use of more incisionless surgeries in order to decrease the cases of infection. For instance, in July 2015, the FDA approved a balloon device, where the balloon is directly swallowed using a sterile solution.

Access Research Report of Bariatric Surgery Devices Market @ www.grandviewresearch.com/industry-analysis/bariatric-surgery-devices-industry

Further Key Findings from the Report Suggest:

• Gastric bypass surgery dominated the market in 2014 due to its early adoption since 1960 and the fact that it is the combination of both restrictive and malabsorptive procedures.
• The sleeve gastrectomy surgery is expected to witness rapid rise in demand owing to, the procedure's incision-less nature. The fact that the procedure does not involve re-routing the intestine is also likely to drive segment growth. With the FDA approval of ReShape balloon, there has been a recent FDA filing for Ellipse device, which is swallowed and gets excreted naturally after four months.
• North America was the largest regional market owing to the presence of market players introducing innovative technologies to improve patient care.
• Favorable government initiatives are also expected to play pivotal roles in the European market growth. For instance, the German Federal Ministry of Education and Research (BMBF) formed two funding research programs namely the Competence Network Obesity and Integrated Research and Treatment Center (IFB) Adiposity Diseases with budgets allocated at around USD 26 million for 2012-2015.
• Asia Pacific followed North America in terms of obesity and overweight prevalence. This coupled with the presence of large untapped opportunities is expected to help the Asia Pacific bariatric surgery market register the fastest growth over the forecast period.
• Some key players of this market include Covidien Plc, Intuitive Surgical Inc., TransEnterix Inc., Allergan Inc., USGI Medical Inc., Semiled Ltd., Cousin Biotech, GI Dynamics Inc., Johnson and Johnson and Mediflex Surgical Product.

Grand View Research has segmented the bariatric surgery devices market report on the basis of procedures:

Procedure Outlook (Revenue, USD Million, 2012 - 2022)

• Adjustable Gastric Band (AGB)
• Vertical Sleeve Gastrectomy (VSG)
• Roux-en-Y Gastric Bypass (RYGB)
• Biliopancreatic Diversion with a Duodenal Switch (BPD-DS)

Regional Outlook (Revenue, USD Million, 2012 - 2022)

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

About Grand View Research

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

Solid State Transformer Market Revenue Sales to Reach $531.5 Million by 2025| Key Industry Participants Siemens AG

The Report Solid State (Smart) Transformers Market Analysis By Product, By Component (Converters, High-frequency Transformers, Switches), By Application, By End-use, By Region, And Segment Forecasts, 2018 - 2025

The global solid state smart transformers market is projected to attain USD 531.5 million by 2025, according to a new study by Grand View Research, Inc. The growing investments in smart grid are presumed to stimulate the market growth over the next eight years.

The need for efficient power supply and low-cost electricity is significantly encouraging power companies to develop the solid-state transformer technology. The technology is anticipated to be commercialized by 2018 and is expected to pave way for large-scale adoption of SSTs for renewable energy distribution and smart grid systems.

Government investments for increasing the implementation of smart grid systems are further expected to drive the demand for SSTs over the forecast period. These transformers comprise features such as bidirectional power supply and lightweight and hence, are expected to improve the efficiency of power distribution.

The benefits of SSTs are encouraging their use in transport infrastructure and energy generation systems used in offshore oil drilling. These transformers provide on-demand power that increases the power distribution efficiency. Furthermore, they are anticipated to enable customers to adopt self-sustaining renewable energy sources such as solar and wind energy.

The industry players comprise mainly big players in the power & energy industry and are mainly focused on retaining their market share. Furthermore, these companies have a multi-regional presence and witness stiff competition. Investing in technologies that would increase their market share is the main area of focus for the companies. Thus, they are largely involved in development of SST technology.

Solid state (smart) transformers are expected to be largely adopted in developed economies, such as Europe and North America, post commercialization. These economies are expected to be followed by developing economies such as Asia Pacific, Latin America, and MEA.

Access Research Report of Solid State Transformer Market @ https://www.grandviewresearch.com/industry-analysis/solid-state-smart-transformer-market

Further key findings from the study suggest:

• High-frequency transformer is expected to be the fastest growing component segment, growing at a CAGR of 24.2% over the next eight years, owing to its power output characteristics when used in different combinations
• Regions such as Europe and North America are expected to be the early adopters of solid state transformers, owing to the increasing adoption of renewable energy sources
• Europe is presumed to be the fastest-growing regional market and is expected to reach USD 259.0 million by 2025, owing to high investments in smart grid technologies
• Transportation is expected to be the fastest growing end use segment, registering a CAGR of 25.1% from 2017 to 2025, owing to the large-scale development of transport infrastructure in developing regions such as Asia Pacific
• The key industry participants include ABB Ltd., General Electric, Alstom, Mitsubishi Electric Corporation, Siemens AG, Schneider Electric SE, Cooper Power Systems, Varentec, Inc., Amantys Limited, and GridBridge, among others

Grand View Research has segmented the global solid state smart transformers market based on product, technology, application, end-use, and region:

Solid State (Smart) Transformer Product Scope (Revenue, USD Million; 2014 - 2025)

• Distribution Solid State Transformer
• Power Solid State Transformer
• Traction Solid State Transformer

Solid State (Smart) Transformer Component Scope (Revenue, USD Million; 2014 - 2025)

• Converters
• High-frequency Transformers
• Switches
• Others

Solid State (Smart) Transformer Application Scope (Revenue, USD Million; 2014 - 2025)

• Alternative Power Generation
• Electric Vehicle Charging Stations
• Power Distribution
• Traction Locomotives
• Others

Solid State (Smart) Transformer End-use Scope (Revenue, USD Million; 2014 - 2025)

• Energy
• Transportation
• Others

Solid State (Smart) Transformer Regional Scope (Revenue, USD Million; 2014 - 2025)

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

About Grand View Research

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

Gallium Nitride Semiconductor Devices Market Size Projected to Rise Lucratively during 2018 to 2025

The global gallium nitride semiconductor devices market size is expected to reach USD 4.37 billion by 2025, according to a new study by Grand View Research, Inc. The growing applications of GaN in a wide variety of semiconductor devices are expected to augment the market growth. Additionally, the rapid technological advancements in performance of GaN-based semiconductors are anticipated to further promote the market growth.

GaN is rapidly replacing the existing silicon technology has become the preferred choice for power semiconductor applications. Various properties, such as high breakdown voltage, wider band gap, large critical electric field, and high thermal conductivity, enable GaN devices to operate at higher voltages, high-power density, and high switching frequencies and to offer improved power efficiency over pure silicon-based devices.

Benefits, such as high-temperature tolerance, thermal conductivity, and power density, offered by GaN-based semiconductors are promoting their application in the defense industry. Moreover, the growing expenditure and investment in the defense sectors of developed as well as developing countries are presumed to further drive the industry growth. Moreover, the growing demand for Internet-of-Things (IoT) is increasing the demand for GaN-based semiconductor devices, due to additional benefits, such as wider bandgap, large electric filed, and high breakdown voltage, offered by them.

Access Research Report of Gallium Nitride Semiconductor Devices Market@
http://www.grandviewresearch.com/industry-analysis/gan-gallium-nitride-semiconductor-devices-market

Further key findings from the study suggest:

• The GaN radio frequency devices segment is expected to grow at the highest CAGR 20.4% from 2017 to 2025. This can be primarily attributed to the growing demand for these products in varied applications across automotive, healthcare, consumer electronics, and defense & aerospace sectors, among others.
• The 6 inch wafer segment is anticipated to experience grow with the highest CAGR of 21.8% from 2017 to 2025, owing to the benefit of precise current control and voltage supply.
• Asia Pacific regional gallium nitride semiconductor devices market is anticipated to emerge as the fastest growing region, owing to the surge in demand for efficient and high-performance RF components
• The key industry participants include NexGen Power Systems, Inc., GaN Systems, Inc., Fujitsu Ltd., Toshiba Corporation, Qorvo, Inc., Cree, Inc., Efficient Power Conversion Corporation, Inc., and NXP Semiconductor N.V., among others

Grand View Research has segmented the global gallium nitride semiconductor devices market based on products, wafer sizes, applications, and regions:

Gallium Nitride Semiconductor Devices Product Scope (Revenue, USD Million; 2014 - 2025)

• GaN Radio Frequency Devices
• Opto-semiconductors
• Power Semiconductors

Gallium Nitride Semiconductor Devices Wafer Scope (Revenue, USD Million; 2014 - 2025)

• 2 inch
• 4 inch
• 6 inch
• 8 inch

Gallium Nitride Semiconductor Devices Application Outlook (Revenue, USD Million; 2014 - 2025)

• Automotive
• Consumer Electronics
• Defense & Aerospace
• Healthcare
• Information & Communication Technology
• Industrial & Power
• Others

Gallium Nitride Semiconductor Devices Regional Outlook (Revenue, USD Million; 2014 - 2025)

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

Precision Farming Market to Showcase Healthy Expansion at 13.0% CAGR by – 2027

The global precision farming market size is anticipated to reach USD 12.9 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 13.0% over the forecast period. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops. The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control system. It also involves maintenance services and managed services. Additionally, it incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data.

Growing number of applications for telematics in agriculture is anticipated to drive demand for precision farming over the projected period. Telematics services include tracking devices using Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. Major manufacturers of agriculture equipment are adopting telematics services for their equipment to improve farm efficiency, thereby reducing the cost of agricultural operations and maximizing profitability. Additionally, improved management can help reduce environmental impact. Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the precision agriculture market.

Furthermore, with advancements in GPS guidance and automation, drones are poised to transform the agriculture industry. The ability of drones to precisely analyze the soil at the beginning of the crop cycle and detect a plant infected with bacteria or fungus is anticipated to propel the growth of the drone segment.

However, low rate of technology adoption among farmers is likely to hamper market growth over the forecast period. This may be due to factors such as absence of stringent standards and limitations on the exchange of data. Furthermore, farmers lack independent consulting and advisory services owing to the absence of validated agronomic models for Variable Rate Technology (VRT) to make decisions on investments. In addition, independent services are not linked to co-operatives, government bodies, and farmer’s associations where farmers can get additional information to make improved decisions.

Access Research Report of Precision Farming/Agriculture Market@
https://www.grandviewresearch.com/industry-analysis/precision-farming-market

Further key findings from the report suggest:

• Increasing government support for adopting modern agricultural techniques and growing need for efficiently monitoring the health of crops are expected to drive market growth
• Cloud-based software model is anticipated to gain significant precision farming market share over the projected period as it reduces energy consumption and provides storage for large amount of data while facilitating cost saving
• Innovations in GPS mapping and related farming applications are enabling farmers to operate more efficiently and increase their profit margins
• Demand for drones is expected to grow in the agriculture field as they are increasingly used in monitoring irrigation systems
• Yield monitoring finds wide applications in soil monitoring as it helps detect the properties of soil for increasing yields
• Digital revolution in the agricultural sector, along with government financial incentives to farms, is likely to drive demand for precision farming in Europe in the forthcoming years
• Asia Pacific is expected to witness the fastest growth owing to availability of the largest agricultural land, which provides growth opportunities in countries such as China, India, Australia, and Japan
• Key players in the precision agriculture market include Agribotix LLC (U.S.); Deere & Company (U.S.); SST Development Group, Inc. (U.S.); Farmers Edge, Inc. (Canada); and Granular, Inc. (U.S.).

Grand View Research has segmented the global precision farming market based on offering, application, and region:

Precision Farming Offering Outlook (Revenue, USD Million, 2016 - 2027)

• Hardware
  • Automation & Control Systems
    • Drones
    • Application Control Devices
    • Guidance Systems
      • GPS
      • GIS
    • Remote Sensing
      • Handheld
      • Satellite Sensing
    • Driverless tractors
    • Mobile Devices
    • VRT
      • Map-based
      • Sensor-based
    • Wireless Modules
      • Bluetooth Technology
      • Wi-Fi Technology
      • Zigbee Technology
      • RF Technology
    • Sensing Devices
      • Soil Sensor
        • Nutrient Sensor
        • Moisture Sensor
        • Temperature Sensor
      • Water Sensors
      • Climate Sensors
      • Others
    • Antennas & Access Points
  • Software
    • Web-based
    • Cloud-based
  • Services
    • System Integration & Consulting
    • Maintenance & Support
    • Managed Services
      • Data Services
      • Analytic Services
      • Farm Operation Services
    • Assisted Professional Services
      • Supply Chain Management Services
      • Climate Information Services

Precision Farming Application Outlook (Revenue, USD Million, 2016 - 2027)

• Yield Monitoring
  • On-farm
  • Off-farm
• Field Mapping
• Crop Scouting
• Weather Tracking & Forecasting
• Irrigation Management
• Inventory Management
• Farm Labor Management

Precision Farming Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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

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

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

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

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

Further key findings from the study suggest:

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

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

Proximity and Displacement Sensors, By Material

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

Proximity and Displacement Sensors, By Application

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

Proximity and Displacement Sensors, by End Use

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

 Proximity and Displacement Sensors, By Region

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

About Grand View Research

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

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

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

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

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

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

Further key findings from the report suggest:

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

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

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

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

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

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

About Grand View Research

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

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

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

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

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

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

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

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

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

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

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

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

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

• Devices
• Connectivity
• IT Services
• Platforms

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

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

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

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

About Grand View Research

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

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

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

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

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

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

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

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

Further key findings from the report suggest:

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

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

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

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

SSC Regional Outlook (Units, 2012 - 2022)

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

About Grand View Research

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

IoT Microcontroller Market Set to Surge Significantly by 2022

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

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

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

Further key findings from the report suggest:

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

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

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

• 8-bit
• 16-bit
• 32-bit

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

• Industrial Automation
• Smart Home
• Consumer Electronics
• Others

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

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

About Grand View Research

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

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

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

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

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

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

Further key findings from the study suggest:

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

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

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

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

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

• Indoor
• Outdoor

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

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

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

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

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

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

About Grand View Research

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

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

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

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

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

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

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

Further key findings from the report suggest:

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

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

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

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

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

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

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

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

About Grand View Research

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

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

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

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

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

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

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

Further key findings from the report suggest:

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

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

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

• Silica
• Fiberglass
• Others

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

• Flat
• Special Shape

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

• Construction
• Cooling & Freezing devices
• Logistics
• Others

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

• Plastics
• Metals

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

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

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

Business Jet Market Trends, Demand, Production, Analysis and Forecast to 2025

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

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

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

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

Further key findings from the report suggest:

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

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

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

• Light
• Medium
• Large

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

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

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

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

About Grand View Research

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