Commercial Kettles and Braising Pans Market Size, Share, Trends, Scope, Forecast | 2027

Commercial Kettles and Braising Pans Market Introduction

• Commercial kettles and braising pans are increasingly being used in commercial kitchens due to its improved control system and safety features.
• Foodservice companies are rapidly adopting these cooking equipment with advanced features that enhance safety and control over cooking activities. The growing demand encourages commercial kettles and braising pans manufacturers to integrate automated features into this cooking equipment to meet the market demand.
• Vendors also install customizable user settings in the commercial kettles and braising pans to help the end-users to program their recipes as per their choice. Thus, growing end-user inclination toward commercial kettles and braising pans with advanced features is expected to influence the growth of the market in the coming years.

Commercial Kettles and Braising Pans Market Dynamics

• Commercial kettles and braising pans such as streamers, fryers, ovens, griddles, and warming units can be used for many activities in commercial kitchens. Thus, these are advertised as the most versatile commercial cooking equipment used in food service establishments.
• Commercial braising pans help end-users to save space in limited commercial kitchen space and offer greater flexibility and also help to expand their food offerings. All these functions offered by commercial kettles and braising pans make them an ideal choice for food service vendors and thereby are expected to drive the growth of the market in the coming years.

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• Additionally, a new product launch in the commercial kettles and braising pans market is the latest trend which is gaining momentum.
• Leading companies are focusing on integrating new features in their products to ensure product differentiation which attracts more customers.
• The high operating cost associated with the maintenance of commercial kettles and braising pans is negatively impacting the growth of the market. These cooking equipment require additional care and maintenance while being used in commercial kitchens.
• Issues with long term usage of commercial kettles and braising pans include damage to the cooking surface, broken tilting mechanism, and heating issues. The irregular maintenance of commercial kettles and braising pans leads to rising operating cost and also impacts the operating efficiency of these products.
• Thus, high operating and maintenance cost is expected to restrict the adoption of these products among end-users, thereby hampering the growth of the market in the upcoming years.

Commercial Kettles and Braising Pans Market: Segmentation Analysis

• Based on product, the global commercial kettles and braising pans market can be divided into commercial kettles and commercial braising pans.

• Commercial kettles segment accounted for a leading share of the market in 2018 and is expected to maintain its leading position over the forecast period.

North America to Lead the Global Market for Commercial Kettles and Braising Pans

• In terms of region, the global commercial kettles and braising pans market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America is likely to witness the maximum demand for commercial kettles and braising pans from 2019 to 2027, followed by EMEA and APAC. Although APAC accounted for least share of the global market, it is expected to witness rapid increase in its market share over the forecast period followed by the EMEA region.

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Commercial Kettles and Braising Pans Market - Competitive Landscape       

• In February 2018, Welbilt, Inc. announced a strategic agreement with professional coffee machines manufacturer Crem International or Crem with a capital investment of approximately US$ 224.0 Mn.

Key Manufacturers Operating in the Market

The global commercial kettles and braising pans market was highly competitive in 2018. Key manufacturers operating in the global market are:

• Ali Group
• MKN Maschinenfabrik Kurt Neubauer GmbH & Co KG
• Öztiryakiler
• Welbilt Inc.
• Middleby Corporation
• Nilma

Chassis Sensors Market – Competitive Insight, Growth, Trends, Forecast 2027

Chassis Sensors Market Introduction

Chassis sensors are used to measure acceleration, pressure, temperature, and speed of the vehicle. This information is transmitted to the chassis control unit, which processes the information and initiates corrective actions. Chassis sensors are generally mounted on the suspension components and measure the acceleration of the body and wheel, speed, and height. In advanced technologies, such as active chassis control, chassis sensors also detect pedal position, gear selection, and work in conjunction with advance driver assistance systems

Chassis Sensors Market - Competitive Landscape

In May 2019, DENSO CORPORATION announced an investment of US$ 290 Mn to build a new plant in Guangzhou, China. Production is expected to commence from 2021, and the plant is expected to manufacture chassis control systems and components, engine controls systems, filters, and molds.

In 2016, Robert Bosch started expansion of its development center at Abstatt, Stuttgart, Germany, which is headquarter of the company’s chassis systems control division. The center is responsible for the development of chassis sensors for automotive applications.

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DENSO CORPORATION                               

Established in 1949, DENSO CORPORATION, with headquarters in Kariya, Japan, is a major OE and aftermarket supplier of automotive systems, components, and technology. The company is a key player that provides chassis sensors and control systems for chassis and safety systems.

Continental AG

Continental AG is a major supplier of automotive and rubber products. The company is a key provider of chassis and safety systems globally. Continental AG has a global presence and operates through various business verticals such as powertrain, tires, chassis and safety and services.

Robert Bosch GmbH

Established in 1886, Robert Bosch is leading supplier of automotive products to the OE and aftermarket. The company’s headquarters are located in Stuttgart, Germany and has presence in 120 locations around 60 countries. The company’s business segment covers industrial technology, consumer good, mobility solution, and energy and building technology

Chassis Sensors Market Dynamics

Increased consumer awareness and rise in demand for ride comfort

Chassis sensors enhance maneuverability and control of the vehicle. Consumers are aware of vehicle features and safety ratings and take these aspects into consideration before purchase. Rise in affordability has increased the demand for ride comfort, which in turn is driving the chassis sensor market.

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Rise in demand for safety and advanced driver assistance systems

Chassis sensors help take corrective actions and consequently, improve vehicle stability. Chassis sensors are employed in advance driver assistance systems to determine ride height, acceleration and sudden decelerations. Rising demand for safety has led to the adoption of ADAS, which in turn is driving the chassis sensor market.

Wireless Gas Detection Market Trends, Size, Share, Scope, and Research Insights | 2022

For a number of industries including oil and gas, chemical and petrochemicals, and mining and metals, efficient measures to detect gas leakage is paramount. This is not only from the perspective of overcoming wastage but also to avoid hazardous situations. For gas detection, several types of sensors are now available that are adequate at monitoring the environment relentlessly and provide information such as location or faulty equipment. However, limitations pertaining to from where the data from these gas detecting sensors can be fetched and processed has led to the advanced technology of wireless gas detectors.

These detection systems are made specifically to consistently monitor combustible and toxic gases within a contained atmosphere and are quite simple in configuration too. With easy connectivity, availability of historical data, remote relay modules for audio and visual alarms as well as measures for emergence shut downs (ESDs), the demand for wireless gas detection is expanding.

According to a business intelligence report recently published by Transparency Market Research (TMR), the global wireless gas detection market will generate opportunities worth US$1,771.4 million by the end of 2022, with the demand incrementing at a formidable compound annual growth rate (CAGR) of 9.4% during the forecast period of 2017 to 2024. As of 2017, the market was evaluated to have a valuation of US$1,130.8 million.

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Stiff Competition Detected Among Major Players

The analyst of the TMR business study has reported of a cutthroat competitive landscape in the global wireless gas detection market, wherein a number of major players are battling against each other. Going forward, most of the global shares of the wireless gas detection market are anticipated to remain confined within prominent players such as Drägerwerk, Honeywell, R.C. Systems, United Electric Controls, Agilent Technologies, Sensidyne, Crowcon Detection Instruments, Airtest Technologies, Otis Instruments, and Pem-Tech. Most of these players have an impressive product portfolio and are consistently expanding geographically to sustain their supremacy. Efficient placement of sensors and aiding organizations in selecting the right kind of gas detection solutions are some of the key services provided by the players, who are also working on developing portable systems that can cater to diverse demands.

Based on product type, the market for wireless gas detection has been segmented into nitrogen oxide, carbon monoxide, carbon dioxide, and oxygen, whereas on the basis of end users, the market has been bifurcated into mining and metals, government and military, chemicals and petrochemicals, and oil and gas. The report has also classified the market on the basis of application, into environment protection, military, and industrial safety as well as on the basis of technology into license-free ISM band, Bluetooth, cellular, and Wi-Fi. Geographically, North America is foreseen to dominate the demand in terms of revenue. By the end of 2022, the North America wireless gas detection market is estimated to be worth US$470.6 million, with most of the demand coming from the developed countries of the U.S. and Canada.

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Government Regulations for Worker Safety Driving Demand

Some of the key factors augmenting the demand in the global wireless gas detection market are: simple installation procedures and ease of usage, benefits of cost-effective in terms of power consumption, and enhancement of worker safety and compliance with government regulations. Additionally, growing adoption of the Internet of Things (IoT) technologies across manufacturing industries and government emphasis on highlighting environmental safety are also expected to pave new revenue avenues in this market. On the other hand, issues pertaining to data security, design challenges, and calibration restraints are curtailing the progress of this market.

Commercial Robotics Market Trends, Scope, and Research Insights by 2027

The global commercial robotics market has witnessed steady growth in the last few years due to rapid growth of vital end users such as the healthcare industry. Commercial robotics has become a crucial requirement in several parts of the healthcare sector, which is likely to enable a steady growth in demand from the global commercial robotics market in the coming years. Other sectors such as the defense and marine industries are also likely to exhibit growing demand from the global commercial robotics market in the coming years, brightening the market’s prospects. The commercial robotics market is thus likely to exhibit a smooth growth trajectory in the coming years, according to Transparency Market Research.

The firm puts the commercial robotics market’s 2017 valuation at US$5.9 bn, estimating the market to rise to a valuation of US$17.6 bn by 2022 at a strong 24.4% CAGR.

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Here are some leading factors to consider in the global commercial robotics market in the coming years:

Steady growth of the healthcare industry has been vital for the global commercial robotics market in the last few years. The medical robotics sector has developed at a rapid rate in the recent past due to growing acknowledgment of its benefits in the healthcare sector, which has led to growing investment from leading medical industry players. The healthcare industry is particularly strongly leaned towards technological innovation in developed regions such as North America and Western Europe. However, the global medical robotics market could shift its center from the West to emerging regions such as Southeast Asia and the Middle East in the coming years due to growing government support to the healthcare sector in countries such as China and India.

The North America market is set to dominate the global commercial robotics market in the coming years due to the widespread acceptance of the infrastructure required for adoption of commercial robotic systems. The steady technological advancement of the healthcare sector in North America is thus a major driver for the global commercial robotics market. Europe is also a major contributor to the global commercial robotics market due to the strong presence of the industrial sector as well as a burgeoning healthcare industry. The commercial robotics market in North America is expected to be valued at US$7.6 bn in 2022, representing more than 43% of the global commercial robotics market. The defense and security sector could also account for a significant portion of the demand from North America and Europe, as numerous developed countries in these regions have focused on military modernization in the recent past.

The increasing government interest in the healthcare sector in countries such as China, India, Thailand, Indonesia, Singapore, and Malaysia is likely to drive the commercial robotics market in Asia Pacific except Japan in the coming years, with the regional market set to account for 18.4% of the global commercial robotics market by 2022. The region is expected to make a 271 BPS rise over the 2017-2022 forecast period.

The Middle East and Japan are also likely to contribute significantly to the global commercial robotics market in the coming years, with the MEA market for commercial robotics expected to rise to US$471 mn by 2022 at a strong CAGR of 22.7%. The strong presence of Japanese companies in the robotics sector is likely to enable smooth growth of the commercial robotics market in Japan in the coming years, with the Japan commercial robotics market set to rise to a valuation of US$899.8 mn by 2022.

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Competitive Dynamics

Leading players in the global commercial robotics market include Northrop Grumman Corporation, KUKA AG, iRobot Corporation, Yaskawa Electric Corporation, Honda Motor Company Ltd., Omron Adept Technologies Inc., 3D Robotics Inc., Accuray Inc., Alphabet Inc., and Amazon Robotics LLC. Consistent product development is likely to be the key in the global commercial robotics market, while larger players could also consider acquisitions of smaller specialist player to enhance their offering.

Paper Pulp Disposable Tableware Market is Anticipated to Expand at a CAGR of ~ 6% During 2019-2027

Paper Pulp Disposable Tableware Market: Introduction

Transparency Market Research delivers key insights on the global paper pulp disposable tableware market. In terms of revenue, the global paper pulp disposable tableware market is anticipated to expand at a CAGR of ~ 6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the paper pulp disposable tableware market report.

Paper pulp disposable tableware is 100% natural and biodegradable in nature. These are made of agriculture waste such as bagasse, wheat straw, and rice husk. Bagasse is the most commonly used raw material to produce eco-friendly disposable tableware. Manufacturing companies were engaged in the production of a wide range of disposable tableware, which includes plates, bowls, cups, and cutleries. However, the governments of various countries banning the usage of plastic is anticipated to be a major driving factor for the growth of paper pulp disposable tableware during the forecast period.

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In this market report, TMR proposes that, in the product segment, plates are estimated to be the most widely used product by the end of 2027, in the paper pulp disposable tableware market. The primary reason for the rise in the demand for plates in the near future is because plates are majorly used at household parties, wedding ceremonies, events, etc., across the globe. Rapid increase in the usage of paper pulp disposable tableware for commercial purposes, majorly in hotels, restaurants, parties & catering, events, etc., is expected to be a major driving factor of the paper pulp disposable tableware market. In addition, the sale of paper pulp disposable tableware through company-owned websites and various e-Commerce portals around the world is anticipated to further drive the growth of the paper pulp disposable tableware market.

However, the offline channel still has a major impact on the distribution of paper pulp disposable tableware. Prominent global manufacturers have set up in-house distribution channels across various continents. Some manufacturers have tied up with third-party logistic companies for the distribution of products.

Paper Pulp Disposable Tableware Market: Prominent Regions

Asia Pacific is projected to exhibit prominent growth in the paper pulp disposable tableware market in the near future, due to the increase in awareness among people about paper pulp disposable tableware. China is the biggest manufacturing base of eco-friendly disposable tableware made from agricultural waste, in the world. Chinese manufacturers produce paper pulp disposable tableware on a very large scale, and export these to various countries in North America and Europe. Strict rules and regulations imposed against the usage of single-use plastic and plastic-based products in countries such as Australia, New Zealand, and India are anticipated to drive the paper pulp disposable tableware market during the forecast period.

In North America and Europe, the rise in the usage of paper pulp disposable tableware during parties, outings, events, and social gatherings plays a significant role in driving the sales of paper pulp disposable tableware. The U.S, Canada, U.K., and Germany extensively use paper cups and paper straws. The markets in MEA and South America are expected to grow at moderate rates in the near future, due to favorable initiatives taken by the governments of several countries in these regions, such as conducting awareness campaigns and drives.

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Major brands are likely to focus on research & development activities to strengthen their footprint in the global paper pulp disposable tableware market. Companies are engaging in mergers & acquisitions and joint ventures with local brands to expand their product portfolio. Manufacturers in emerging economies are focusing on reducing their cost of production and increasing profitability for sustainable growth of their businesses.

Paper Pulp Disposable Tableware Market: Key Players

Prominent companies operating in the global paper pulp disposable tableware market include Ecoware Solutions Pvt Ltd., Huhtamaki Group, DUNI AB, Schon Ultrawares Pvt. Ltd., Pappco Greenware, Bollant Industries Pvt Ltd., Reynolds Consumer Products, Yash Papers Limited, Biotrem, Georgia-Pacific, Nanofiber Tech., Inc., DOPLA S.P.A., Shrayati Ecosatkaar LLP, Vegware, and Visfortec (Earthware).

Contact Center Solutions Market Size, Share, Scope, Research Insights by 2026

Contact center solution is a system that offers automatic contact sharing and inbound contact handling capabilities, united with a high degree of complexities in terms of active contact traffic management. Contact center solutions have the capability of offering competitive benefits to enterprises by helping them to enhance efficiency and productivity through the automation of outbound and inbound processes of a contact center. Rapid development in technologies has changed the way organizations deal with potential users. Intellectual communication that provides a pervasive operational environment to interact with clients has become a basic requirement for customer-centric organizations. Enhanced business stability, improved business agility, and increase in acceptance of home-based work are boosting the growth of the contact center solutions market around the globe.

The contact center solutions market is witnessing strong growth due to the growing adoption of contact center solutions among enterprises to provide customers with better experience through many channels, such as video, voice, mobile, web, and social media. Apart from this, continuous advancement in this technology and its solutions has also encouraged many industry verticals to adopt this solution and service across the globe.

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Consequently, this factor is impelling the demand for contact center solutions among enterprises. However, the high initial investment required to integrate advanced solutions with traditional systems is a major factor which is expected to restrain the growth of this market in forthcoming years. Besides this, the risk of information loss is also expected to hinder the growth of the contact center solutions market globally.

The global contact center solutions market can be segmented based on component, application enterprise size, deployment type, industry, and geography. Based on component, the global contact center solutions market can be classified into software and services. In terms of application, the contact center solutions market can be bifurcated into call routing, call recording, automatic call distribution, workforce optimization, interactive voice response, customer collaboration, reporting and analytics, dialer and others. Based on enterprise size, the global contact center solutions market can be categorized into small and medium enterprises and large enterprises. In terms of deployment type, the market can be segregated into on-premise and cloud-based. Furthermore, on the basis of industry, the market can be segregated into IT & telecom, retail and consumer goods, banking, financial services and insurance (BFSI), travel and hospitality, government, media and entertainment and others.

By geography, the global contact center solutions market can be segmented into North America, South America, Asia Pacific, Europe, and Middle East & Africa. The contact center solutions market in North America is estimated to expand at a substantial growth rate over the forecast period. This is primarily due to the increase in adoption of advanced technology and high focus on technology innovation, specifically in the developed markets of the region. Apart from this, growing adoption of mobile, cloud, social media and analytics among enterprises across different industry verticals such as IT & telecom, retail & consumer goods and BFSI has helped the contact center solution market to develop in North America. However, the Asia Pacific region is anticipated to be among the fastest-growing regions in the global contact center solutions market. This is the result of presence of a large number of small and medium enterprises and a large customer base.

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Major players operating in the global contact center solutions market include Cisco Systems, Inc., Genesys Telecommunications Laboratories, Inc., Mitel Networks Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Alcatel-Lucent Enterprise, SAP SE, 8x8, Inc. EdgeVerve Limited, Enghouse Interactive, BroadSoft, Inc., Sennheiser Electronic GmbH & Co. KG, Five9, Inc., and Unify Inc.

Medium-voltage Switchgear Market to expand at a CAGR of 6.2% from 2018 to 2026

According to a new market research report on the medium-voltage switchgear market, published by Transparency Market Research, the global medium-voltage switchgear market is expected to reach value of US$ 8,395.0 Mn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 6.8% between 2018 and 2026.

Grid modernization to reform electricity transmission and distribution networks is driving the global medium-voltage switchgear market

From traditional electricity grids to smart grids, from power grids based on fossil fuels (such as coal and petroleum) to grids integrating renewable energy sources (such as solar and wind power), grid systems play a key role in the electricity sector. Resources such as coal and petroleum are not unlimited or renewable. The faster they are used, the quicker they would be depleted. Energy-saving methods can be attained through advancements in technology and development of new forms of power grids, while improving the production of renewable energy and reducing the emissions of greenhouse gases. Thus, increasing government initiatives for renewal of existing transmission and distribution networks along with grid modernization are expected to propel the demand for medium-voltage switchgear during the forecast period.

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Medium-voltage Switchgear Market: Scope of Report

The global medium-voltage switchgear market has been broadly segmented in terms of voltage, insulation, end-use industry, and geography. In terms of voltage, the market has been classified into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV, and 28kV – 40kV. Among these, the 6kV – 15kV segment accounted for a major market share around 30% in 2017. The segment is expected to expand at a significant CAGR of 6.4% during the forecast period. Based on insulation, the medium-voltage switchgear market has been divided into air-insulated switchgears, gas-insulated switchgears, and others. The air-insulated switchgears segment held the leading share of the market in 2017.

Air-insulated switchgears are extensively used in rural areas and favorable offsite terrains, where space, climatic conditions, seismic occurrences, and environment-related concerns is not an issue. In terms of end-use industry, the market has been classified into power plants, commercial sector, oil, gas and petrochemical, utility sector, paper & pulp industry, and others. In 2017, the utility sector segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 5.7% during the forecast period.

Based on region, the global medium-voltage switchgear market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the global medium-voltage switchgear market in 2017, with China holding a major share of the market in the region. Demand for switchgears in China is primarily driven by increasing investments in electricity transmission and distribution networks across the country, renewal of faulty and aging electricity transmission and distribution networks, and rapid electrification in rural areas of the country.

The U.S. dominates the market in North America, owing to increasing usage of medium-voltage switchgears in various electrification projects in commercial and residential sectors across the country. Europe is also expected to contribute significantly to the global medium-voltage switchgear market in the next few years. The medium-voltage switchgear market in Europe is expected to expand at a CAGR of 6.3% during the forecast period.

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Global Medium-voltage Switchgear Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global medium-voltage switchgear market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players operating in the global medium-voltage switchgear market are ABB Ltd, Chint Group Eaton Corporation Plc., General Electric Hyosung Corp, Mitsubishi Electric Corporation, Powell Industries, Inc., Romac, Inc., Schneider Electric SE, and Siemens AG. Companies are focusing on expanding their business through strategic acquisitions and partnerships.

Articulated Robot Market will rise at the CAGR of 14.22% During 2018 – 2026

Various end-use industries in the articulated robot market are leveraging the marked flexibility and large work envelop to advance the level of automation. Manufacturers and integrators of articulated robots are gravitating toward the launch of robotic technologies to meet the need for turnkey solutions for key end-use industries. Broad focus has been on improving the dexterity and precision for several of these players in the articulated robot market. Particularly, this is one of the factors that has kept demand increasingly lucrative.

Several advantages have been driving their popularity in such application. The ease of deployment and reduced installation cost are at the forefront of the motivations for harnessing the potential of articulated robots in automation applications.

The overall articulated robots, projects a report by Transparency Market Research, will rise at the CAGR of 14.22% during the forecast period of 2018 - 2026.

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Sheer Pace of Automation Heralded by Industry 4.0 Spur Demand

The longevity and affordability of articulated robots have spurred automotive, aerospace, electronics, and food and beverages. Strides being made by Industry 4.0 have helped in the expansion of the market. The industrial revolution trend has gained traction in the current generation of manufacturing technologies and processes, underpinning new prospects in the articulated robots market. A case in point is the popularity that Selective Compliance Assembly Robot Arm or SCARA has achieved in range of robotic assembly applications, mainly due to performance gains the businesses have reaped.

Sheer pace of the factory automation in developing economies has imparted a marked momentum to the expansion of the articulated robots market. Among the various propositions, superior repeatability and positional capabilities have been bolstering the demands for articulated robots across all applications. Over the past few years, growing traction of high-precision cobots in the Industry 4.0 has opened new avenues in the articulated robots market.

Demands from Electronic Manufacturing Services Industry Keep Value Chain Robust

 Some of the well-entrenched manufacturers of articulated robots are Toshiba Machine Co. Ltd., Seiko Epson Corporation, Mitsubishi Electric Corporation, Mitsubishi Electric Corporation, and FANUC CORPORATION. A large numbers of them are domiciled in Asian countries. Several globally prominent players are based in Asia Pacific nations, endowing the region a prominent position. A large chunk of recent demand has come from electronic manufacturing services industry. The industry vertical is expected to clock a promising CAGR 2018 to 2026.

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Furthermore, the region has seen a slew of exciting launches in the articulated robot market. The incorporation of advanced sensor and next generation engineering has helped bring out new robotic technologies in the articulated robot market.

Growing applications of 6-axis articulated robots in mechanical assembly, material handling, palletizing, and packaging has boosted revenue generation in the market. Several key players have been spending sizably on the research and development of these robots. Further, their use in high payload capacity is expected to bolster the creation of lucrative avenues in the articulated robots market.

Gate Driver IC Market Size, Share, Growth, Trends | Forecast 2027

Gate Driver IC is power amplifier, applicable for controlling heat flow, current flow, power dissipation, and initiate smooth switching actions in high power transistor gates, such as IGBTs and MOSFET. A gate driver IC can be either discrete module or on-chip. It consists of a level shifter in combination with an amplifier. It accepts low power from controller IC and gives output as high current for gate of a high-power transistor.

The Gate Driver IC market is primarily driven by their increased deliveries in various applications especially in the industrial sector. The power transistor usage in various renewable energy system is increasing. Furthermore the preference of renewable energy sources such as tidal, solar, wind power, and other renewable energy sources has increased in recent years. This is leading to rising investment renewable energy systems and various initiatives and awareness programs organize by different governments anticipated to increase demand of gate driver ICs during forecast period. They are useful for efficient power utilization in smart grids to save energy without compromising on performance.

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Since, implementation of smart grids is expected to increase for effective power management, the global gate driver IC market is also expected to grow during forecast period. The various leading manufactures’ of gate driver IC are focusing on slimmer version and efficient gate driver IC, in order to decrease size of consumer goods. Recently, increasing electro mobility in vehicles during forecast period expected contribute to the growth of the global gate driver IC market. However, manufacturing of gate driver ICs is rising complexity and decreasing size of devices. This is expected to act as a limiting factor to this market. However, the impact of this limitation is expected to be low during the forecast period.

The global gate driver IC market has been segmented based on semiconductor material, application, and region. Based on semiconductor material, the global gate driver IC market can be classified into gallium nitride (Ga N) and silicon carbide (Si C). Based on application, the market can be segmented into industrial, commercial, and residential. In terms of region, global gate driver IC market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America and Europe are anticipated to contribute a significant share to the global gate driver IC market due to the presence of leading gate driver IC manufacturers. The market in Asia Pacific is anticipated to expand at a rapid pace owing to the expansion of application industry verticals such as consumer electronics, automotive, in emerging economies such as India and China, in this region. Moreover, amongst the application type of gate driver IC market, the industrial segment is anticipated to witness prominent growth.

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Key players operating in the global gate driver IC market include Infineon Technologies, Inc. NXP Semiconductors, Inc., Renesas Electronics Corp, STMicroelectronics N.V., Toshiba Corp, Texas Instruments Incorporated, Mitsubishi Electric Corporation, Dialog Semiconductor PLC, and ON Semiconductor among others. These players are actively focusing on growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches.

Shearing Machine Market: Insights and Emerging Trends by 2027

Shearing Machine Market – Introduction

Shearing machine is a type of tool with rotary disks or blades used as a multipurpose device for cutting alloys and hard metal plates, sheets, bars, or any other material into desired sizes. Shearing machine blades are made of strong high carbon steel that are used for shearing or cutting processes by applying abundant shearing force in which a sheet of metal is separated.

Shearing is also known as die cutting, in which shearing machines melt or burn metal into sheets or strips with the blade fixed at an angle. The main function of a shearing machine is processing metal that uses one blade for reciprocating linear motion with another blade. Shearing machine is a type of forging machinery, widely used in automobile, aviation, metallurgy, light industry, chemical industry, ships, electric power, construction, and other industries to deliver complete machinery equipment.

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Shearing Machine Market – Company Profiles

XINGTAI REJUNBO MACHINERY MANUFACTURING CO., LTD.

Established in 1990, XINGTAI REJUNBO is located in Xingtai city, with an area of 10,000 square meters. The company produces, designs, and sells various types of machinery and equipment that includes all types of shearing machines, and metal punching and bar cutting machines. Furthermore, the company’s products are widely used in many countries such as Egypt, Russia, India, Sri Lanka, Indonesia, Malaysia, Tunisia, Vietnam, Cambodia, South Africa, Nigeria, and Peru.

Jorgenson Machine Tools, Inc.

Incorporated in 1967, JMT is involved in marketing, servicing, selling and supporting material handling products and metal working equipment, to offer customers a higher quality line of machine tools within a 30,000 square foot warehouse. The company is the world’s largest manufacturer of plate rolls and press brakes. JMT is also an optimum producer of fabrication metal equipment offering a wide range of structural steel and sheet metal, used in a number of applications such as bending, drilling, cutting, punching, positioning, shearing, and weld positioning.

Some of the key players operating in the global shearing machine market include Amada Group, Durmazlar Machinery, HACO, Jorgenson Machine Tools, Inc., Xingtai Rejunbo Machinery Manufacturing Co. Ltd., Schubert Group, Scotchman Industries, Dreis & Krump Manufacturing Company, Baileigh Industrial, LVD Group, PRECI-SHEAR, Pull-X Machines, Adira, Betenbender Manufacturing, Cincinnati Incorporated, FINTEK INDUSTRY, and Longevity Durma.

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Shearing Machine Market –Dynamics

Rising demand for fabricated metal products across the globe

The increasing global demand across the globe for fabricated metal products, which are used in transportation and construction industries is fueling the shearing machines market. The shearing process technique is used for making fabricated metal products by cutting or bending metal into sheets, plates, or bars. The process of building metal structures by bending, cutting, and assembling, so as to increase automation of manufacturing processes in small and medium-size industries by fabricated metal products. The manufacturing process not only increases profit margins of the industries but also has a positive impact on resource regulation across the globe.

Moreover, the rising demand for fabricated metal products and other metal-based hardware products across the globe in different industries such as automotive, aerospace, chemicals, and marine is expected to boost the growth of the shearing machine market during the forecast period 2019- 2027.

Retail Digital Transformation Market Size, Share & Trend | Industry Analysis Report, 2020

A new Transparency Market Research report states that on the basis of revenue, the global online retail industry was estimated at US$982.8 bn in 2013 and is predicted to expand at a striking 23.70% CAGR in the forecast period between 2014 and 2020. The title of the report is “Retail Digital Transformation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.

According to the report, the global retail digital transformation market is boosted by factors such as availability and ease of internet access, enabling easy access to customers for shopping online. In addition, factors including advanced shipping services and safe and secure modes of payment have raised inclination of customers towards online retail. In addition, the rising utilization of mobile devices such as tablets and smartphones, offering great convenience to customers, has positively affected the global online shopping scenario. The large number of promotions and discounts on products available online and the rising company investments for the swift development of mobile applications utilized in online shopping have significantly fuelled the global retail digital transformation market.

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On the basis of mode of access, the retail digital transformation market is segmented into websites and mobile applications. Online retail market places can be accessed via these two modes of access. Amongst these, the mode of access via mobile application held a great demand owing to the rising number of users having smartphones. Nonetheless, websites have also been a significant option for online retailing owing to enhancement in broadband internet connections and advantages of websites such as easy usage and greater navigation areas. This is why, in 2013, the websites segment held the biggest share within the retail digital transformation market. Owing to the rising popularity of m-commerce, the websites segment is anticipated to expand at an exponential rate in the forecast horizon, but rising demand for m-commerce will also help demand from mobile applications.

On the basis of product type, the retail digital transformation market is segmented into apparel and footwear; consumer electronics and appliances; media, toys, and games; food, grocery, and beverages; beauty and personal care; furniture and home improvement; others. Amongst these, consumer electronics and appliances dominated the market in 2013 owing to a rise in the number of merchants introducing their products in the online marketplace. The segment of apparel and footwear is growing rapidly owing to the increasing number of sophisticated brands penetrating the retail digital transformation market and the easy accessibility of these products online.

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On the basis of geography, the market is segmented into Eastern Europe, Western Europe, Latin America, North America, Japan, Asia Pacific excluding Japan, and the Middle East and Africa.  In 2013, on the basis of revenue, North America dominated the market for retail digital transformation due to the presence of prime players and rise in internet access within this region. Asia Pacific excluding Japan trailed North America, holding the second biggest share on the basis of revenue, and this region is predicted to witness rapid growth in the forecast horizon.

Amazon, Inc., eBay, Inc., and Alibaba Group Holding Limited are the three leading players in the market. Other players include Otto Group, Flipkart Internet Private Limited, and Rakuten, Inc., among others.

Soldier Modernization Market Outlook, Opportunity and Demand Analysis, Forecast 2025

Soldier modernization refers to an integrated system that addresses all operational requirements such as advanced combat helmet among others. The combat gear is designed in such a manner that it is more comfortable, light, and strong. The other advantages of the combat gear include modular ballistic protection and fire resistance. Some of the major factors boosting the market for soldier modernization includes increase in security threats globally, growth of technology, and increasing research & development in the defense sector. However, decreasing defense budgets in several developed countries such as the U.S. and the U.K. is likely to restrain the market during the forecast period.

Based on types, the market is segmented into lethality, C4ISR, sustainability, survivability, mobility and others. In 2016, the C4ISR segment dominated the market followed by the sustainability segment and is anticipated to remain dominant in the coming years. Increasing demand for mobile command systems, frequent terror attacks, and increasing demand for border security are some of the major factors fueling the growth of the C4ISR segment globally. In addition, increase in the demand for C4ISR in several countries such as Brazil, Saudi Arabia, Israel, and India is expected to boost the market for soldier modernization. Moreover, increase in demand for exoskeletons and advanced powering systems are some of the other major factors expected to fuel the growth of the soldier modernization market during the forecast period 2017 – 2025.

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The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America is the largest market followed by Asia Pacific. However, in 2025, Asia Pacific is anticipated to be the major market followed by North America. In 2016, the U.S. is the major market in North America. Despite budget cuts and limited military budget growth, the U.S. is expected to dominate the soldier modernization market. Increasing demand for C4ISR in the U.S. is one of the major factors driving demand. Asia Pacific is one of the most attractive regions for the soldier modernization market. In addition, Asia Pacific is also expected to be the major market by the end of the forecast period.

Rising defense budgets in several countries such as India and China is a major driving factor for the market in the Asia Pacific region. China is expected to be the major market in Asia Pacific. Technological innovation and rapidly developing battlefield scenarios are some of the key factors boosting the growth of the market in the region. Rise in demand for C4ISR in China is driving the market in Asia Pacific. The market in Europe is anticipated to grow at a sluggish rate during the forecast period. Increase in capital expenditure is expected to be the major driver for the market in Europe. The U.K. is expected to be the major market in the European region. Increasing soldier modernization programs is one of the major factors boosting the demand for soldier modernization programs during the forecast period.

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The Middle East and Africa region is expected to grow at a healthy rate during the forecast period. Increase in defense budgets is the major factor boosting the soldier modernization market in the Middle East and Africa region. Modernization programs are expected to fuel the defense expenditure in Latin America during the forecast period. Moreover, Brazil is expected to invest significantly in C4ISR system which in turn is expected to drive the market for soldier modernization.

The major players in the soldier modernization market are General Dynamics Corporation (United States), BAE Systems Plc (United Kingdom), Safran Group (France), Lockheed Martin (United States), Raytheon (United States), Elbit Systems (Israel), Israel Weapons Industries (Israel), Boeing (United States), Glock (Austria) and Exelis Inc (United States) among others.

Nano and Micro Satellite Market Status and Forecast, by Players, Types and Applications 2025

Global Nano and Micro Satellite Market: Snapshot

The global market for nano and micro satellite is expected to grow at a robust pace on account of the rising demand for miniature satellites. The swift adoption of new technologies across several industries has played a major role in propelling demand within the market. The applications of nano and micro satellites spill across a wide array of fields, which is a positive standpoint from the perspective of the market. Moreover, recent initiatives to device better satellites has also played an integral role in enhancing the growth prospects of the market. Satellite communication has become a wide area of operation and has helped in overcoming multiple hindrances that came in the way of tracking, mapping, and regulating movement of objects. It would be safe to say that a majority of the industries rely on the applications of nano and micro satellites for successful execution. The market is projected to register a plush growth rate over the coming years, thus, commendable providing growth spaces to market players.

The global market for nano and micro satellite could be segmented along the following lines: application, end-user, and geography. It is extremely vital to understand these market segments in order to get a wider view of the global market.

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Transparency Market Research (TMR), in one of its market research reports, deconstructs numerous market dynamics to provide a comprehensive analysis of the market. The report discretely mentions several factors that could result in propulsion of demand within the global market. Moreover, the efforts of the market players towards gaining a greater market share have also been elucidated in the report.

Global Nano and Micro Satellite Market: Key Trends and Opportunities

The foremost reason that had led to the popularization of micro nano and micro satellites is their applicability in the field of communication and tracking. Establishing connectivity across a wide geographical area through satellites has become a necessity for several business entities, individuals, and firms. Moreover, national governments have started deploying micro and nano satellites to aid the administrative setup of its territory; surveillance of numerous activities that are in the interest of a region are checked upon via these satellites. The military and defense sector is one of the most ardent consumers of the market for nano and micro sensor satellite. The operations of the defense and military sector require intense scrutiny of the external forces, thus, necessitating the need to use satellite communication and tracking to mitigate attacks or entropy. Besides this, mapping and navigation is an important part of several industries including automotive, marine, aviation, and transportation among others. Since the domain of mapping and navigation entirely relies on satellite communication, the global market for nano and micro satellites is expected to keep trailing along a positive growth path.

Global Nano and Micro Satellite Market: Regional Outlook

North America has a prolific administrative as well as industrial setup wherein efficient communication forms the backbone of all operations. This creates demand for nano and micreo satellites across North America. Moreover, several government bodies and agencies such as NASA and U.S. Department of defense also propel demand within the regional market. Other regional segments within the global market for nano and micro satellites include Asia Pacific (APAC), Latin America, the Middle East and Africa (MEA), and Europe.

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Global Nano and Micro Satellite Market: Business Landscape

Some of the key players operating in the global market are RUAG Group, Clyde Space, Inc., Tyvak Inc., Innovative Solutions in Space, Planet Labs, Inc., Sierra Nevada Corporation, Raytheon Company, Spacequest Ltd., and Lockheed Martin Corporation.

Military Biometrics Market to Develop Rapidly by 2025

The competitive scenario of the global military biometrics market is intense and extremely competitive and Transparency Market Research (TMR) in its latest report predicts that the competition will gain more momentum in the years to come on account of new players entering in the market. These new players could possibly cause ripples among the large pool of existing global players. The top five companies within the global military biometrics market are: Crossmatch, Safran, M2SYS Technology, 3M Cogent, and NEC Corporation.

These five companies collectively held a whopping 61% of the market in 2016. Leading players are engaging in the development of new products so as to gain competitive advantage among other players. Players are increasingly investing in research and development so as to come up with products that are technologically advanced. Players are also working closely with end users, software integrators, and resellers so as to make most of the opportunity in hand and enhance the return on investment.

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According to a TMR, the global market for military biometrics will be worth US$10.62 bn by 2025, expanding at a 7.4% CAGR from 2017 to 2025. By geography, Asia Pacific will emerge as a lucrative region. Europe and North America collectively accounted for 55% of the market in 2016. North America is anticipated to lead in the market for the rest of the forecast period driven by the growing concerns over illegal migration in the U.S. On the basis of type, the market is expected to be led by the fingerprint recognition segment. Facial recognition segment is also anticipated to witness a steady growth in the years to come.

Growing Infiltration and Identity Threats to Drive Demand for Military Biometrics

 A TMR analyst said that, “the demand for military biometrics is anticipated to increase in the coming years on account of the growing demand for advanced technology so as to fight terrorism. With growing need for addressing infiltration and similar security issues, it has become utmost important to adopt military biometrics. The growing number of nations struggling with forged identities, identity thefts, and illegal immigrations will spur a heightened demand for military biometrics. More and more airports and borders across countries are making use of biometrics authentication systems in a bid to reduce terrorism and terror attacks.

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Complicated Installation to Pose a Challenge for Military Biometrics Market

On the other hand, the complexity of military biometrics systems could be a challenge. The high cost may also be a deterring factor for large scale adoption. In addition to this, the installation of these systems is complicated and requires skilled personnel. The fact that it involves security of highly confidential data, necessitates for the system to never be compromised and as this system cannot be reset easily, it is a big factor for reduced adoption. However, the continuous technological advancements in this field is estimated to reduce the impact of this restraint.

Automotive Airbag Market: Competitive Strategies And Forecasts to 2020

According to Transparency Market Research TMR, which is a market intelligence firm, players within the automotive airbag market are competing with each other and this is expected to increase the competition level and degree of competition. Players are also involving themselves in strategic mergers and acquisitions in order to make a mock for themselves in the market. Leading players operating within the global automotive airbag Market are: Autoliv, Takata Corporation, and TRW Automotive Holdings. Established players are competing with each other based on the following parameters: technology, performance, and praise. This competition among players has actually hit the market in terms of innovation, observes transparency market research.

According to Transparency Market Research (TMR), the Global Automotive airbag Market is expected to be worth US$29.72 bn by 2020. Asia Pacific is expected to be the key market for automotive airbag. The rapid rise in the economy, gains in the GDP,  and flourishing automobile industry are some of the factors behind the Asia Pacific automotive market. The rest of the world is also expected to witness high growth within Automotive airbag Market. On the basis of type of airbags, this Market is segmented into side airbag, front airbag, the airbag, and curtain airbag. Of these, the front airbag is anticipated to lead in the market and cross US$15.21 bn by 2020. The demand for front airbags is increasing significantly especially in the developed Nations on account of stringent regulations regarding food safety. Since front airbags are also utilized in Luanne cars and middle and cars, the segment is flourishing.

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Growing Number of Road Accidents Behind High Demand for Automotive Airbags

According to the report, the global increase in the number of road accidents is one of the key factors pushing the demand for automotive air bags. Increase in the number of accidents of also lead to the passing of several stringent road safety regulations by the government which in turn has accelerated the demand for automotive air bags.

Several non-government organizations are also creating awareness campaigns related to road safety and precautions which in turn will benefit the automotive airbags market. Initiatives taken by various bodies such as the national highway transport safety administration in the US, which has mandated the installation of air bags in passenger vehicles will go a long way to words driving the growth of the Automotive airbags market. Moreover, the rise in the awareness levels about safety among the people in the world will also help this Market to grow.

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Increased Adoption of Low Cost Airbags Dampening Growth of Market

It has been observed that due to the high cost, several original equipment manufacturers are opting for the less-expensive airbags for medium-end and low-end cars. Since cheaper airbags have no quality cushions, inflators, sensors, and low resilience, their installation in passenger cars do not lift the risk of safety. However, the trend of consumers opting for cheaper air bags for replacing their existing ones in the cars continues to grow and this is expected to hamper the growth of high quality automotive air bags market.

Use of Airbags in Low-end and Medium-end Cars to Drive Growth Opportuity

On a positive note however, the placement of airbags even in the low and cars are providing growth opportunities for the airbags market globally. In order to meet the requirements of consumers, many original equipment manufacturers are investing in R&D so as to be able to manufacture durable and cheap air bags.

FPGA Market is Predicted to Reach a Value of US$9,734.4 Mn by the end of 2020

A new report that has been presented by Transparency Market Research states that the global market for field programmable gate array (FPGA) is expected to grow at a rapid rate with a stiff competition. Technological advancements and innovations in this field are likely to encourage the growth of the global FPGA market throughout the forecast period. In addition to this, the rise in the number of strategic collaborations and partnerships and the development of new products are predicted to enhance the development of the market in the coming few years. The rising number of applications and the enhancements in the products offered are likely to push the growth of the FPGA market in the near future. The key players operating in the FPGA market across the globe are Altera Corporation, Microsemi Corporation, Xilinx Inc., and Lattice Semiconductor Corporation.

In 2013, the global market for FPGA stood at US$5,487.2 mn and is predicted to reach a value of US$9,734.4 mn by the end of 2020. The market is further predicted to register a strong growth rate throughout the forecast period. Previously, Asia Pacific led the global FPGA market and is estimated to remain dominant in the coming years. The rise in the contribution from South Korea, India, and China and the rapid development of the electronic industry are estimated to support the development of the Asia Pacific market in the near future.

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Increasing Use of Internet of Things to Drive Global FPGA Market in Near Future

The rise in the demand for advanced driver assistance system is an important factor that is predicted to encourage the development of the global FPGA market over the forecast period. A substantial rise in the adoption of the Internet of Things is another factor that is likely to support the growth of the overall market in the coming few years. In addition to this, the increasing need for wireless communication is expected to offer immense growth opportunities for the market players across the globe.

Furthermore, the key players in the global FPGA market are making investment for research and development activities, which is predicted to support the market growth and attract a large number of consumers in the coming few years. Moreover, the reduction in the time-to-market is likely to accelerate the growth throughout the forecast in the near future. These factors are likely to help the key players in expanding their product horizon, thus accelerating the market growth in the near future.

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Lack of Standardized Verification Methods to Curb Market Growth

The global FPGA market, on the other hand, is projected to face several challenges, which are projected to restrict the growth of the market in the near future. The absence of standardized verification techniques and the incapability of FPGA to substitute the basic devices are likely to restrict the growth of the overall market throughout the forecast period. Nonetheless, the increasing use of FPGA in data centers is anticipated to propel the global FPGA market in the next few years.

Electric Wheelchair Market to Reach a Value of US$4.48 Bn by 2020

The global market for electric wheelchair is a highly competitive market, states a new report by Transparency Market Research (TMR). Invacare Corp., Sunrise Medicals, Pride Mobility Products Corp., Permobil Corp., Ottobock Healthcare GmbH, Handicare, Medort, Hoveround Corp., and Drive Medicals Ltd. are some of the leading players fuctional in this market. Researchers at TMR expect the rivalry within the market to intensify in the near future, thanks to the steady influx of capital investments, notes the market study.

As per the research report, the global electric wheelchair market stood at US$1.23 bn in 2013. Expanding at a robust 19.20% CAGR over the period from 2014 to 2020 and reach a value of US$4.48 bn by the end of the period of the forecast. Front wheel drive electric wheelchair, center wheel drive electric wheelchair, rear wheel drive electric wheelchair, and standing electric wheelchair are the main products available in this market. The center wheel drive electric wheelchair segment has been leading the global market and is expected to continue on the top over the forthcoming years, states the research report.

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North America to Continue to Dominate

In terms of the region, North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America have surfaced as the key regional markets for electric wheelchairs across the world. North America, among these, has been leading the overall market on the grounds of the presence of a number of prominent players and a well-established medical and healthcare infrastructure. The continuously rising geriatric population and the high disposable income of consumers are also supporting the growth of this regional market. Furthermore, the rise in consumer awareness and their affinity towards new technology is likely to propel the market for electric wheelchair market in North America in the near future, states the research report.

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Increase in Disposable Income to Boost Global Electric Wheelchair Market

“The global market for electric wheelchair is mainly propelled by the increasing requirement for powerful portability arrangements in different indoor and open air applications for developing elderly populace,” says an analyst at TMR. The demand for electric wheelchairs is rising significantly in several economies, such as the U.S., France, the U.K., Germany, Japan, China and South Korea. The increment in disposable income and the preference for cutting edge items is influencing the demand for electric wheelchairs in these nations. On the flip side, the high cost of these wheelchairs may hamper the growth of this market in the years to come, reports the market study.

Platform as a Service Market to Reach a US$7.98 Bn valuation by the end of 2020

The global platform as a service (PaaS) market is predicted in a report by Transparency Market Research (TMR) to find players using the business tactic of reducing annual subscription fees to gain traction. Another tactic that could be adopted in the market is focusing on Asia Pacific and the Rest of the World where PaaS solutions are used at a rising rate. Such developing and cost-sensitive geographies of the market are expected to create strong growth opportunities in the near future. The market includes some of the top players of the industry such as Oracle, Software AG, and Red Hat.

TMR envisages the global PaaS market to reach a US$7.98 bn valuation by the end of 2020. By type of implementation, the segment of public cloud could dominate the market in the coming years. By region, North America is foreseen to take the lead in terms of growth.

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PaaS Improves Adoption among End Users with OPEX and CAPEX Advantages

The global PaaS market is envisioned to increase growth on the back of the advantage of low capital investment because of the nature of the service model. PaaS cancels the need for provisioning hosting capabilities for the deployment of applications. As a result, it helps to save costs related to the purchase and management of required software and hardware products. Additional cost of upgrading systems to match up with increase in service usage could also be reduced with the help of PaaS. On the other hand, PaaS helps with lifecycle management, automated deployment, and resource sharing and reusing.

Lack of Awareness Leading to Sluggish Adoption in SMEs Slams down Growth

SMEs are observed to adopt PaaS at a slow rate due to lack of awareness. While this could negatively impact the growth of the global PaaS market, there are other factors that may prove damaging. For instance, high market fragmentation at the regional level could challenge players operating in the market. However, the advent of OpenPaaS and business process as a service (BPaaS) is anticipated to set the tone for significant growth in the market. Besides this, opportunities in the infrastructure as a service (IaaS) market could be tapped into through increasing application of PaaS.

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PaaS’ high efficiency and pay-per-use features are projected to produce rewarding prospects in the market. Attractive advantages such as ease of deployment, scalability, agility, and flexibility could draw more number of consumers in the foreseeable future.

Real Time Location Systems (RTLS) Market to be worth US$3.86 Bn by 2020

According to Transparency Market Research (TMR), intense competition lies within the real-time location system Market between players such as Sonitor Technologies Inc., Motorola Solutions Inc., Identec Solutions, Zebra Technologies Corporation, Awarepoint Corporation, and AeroScout Inc. Players within the market are investing on research and development for achieving breakthroughs and developing advanced and improved systems with attractive features.

According to Transparency Market Research (TMR), the global real-time location systems Market will expand at a double-digit CAGR in the years to come and be worth US$3.86 bn by 2020. On the basis of application, it is expected that the demand for real-time location systems will be highest from the healthcare sector. On the basis of geography, North America is leading in the market on account of the high use of real-time location systems by the healthcare sector in North America. In addition to this support received from the government will also play as usual for the growth of the North American real-time location systems Market.

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Apart from North America, it is expected that Asia Pacific will be a key market for real-time location systems on account of the growing medical tourism within this region as well as increasing efforts taken by government to improve and drive the use of technology advanced systems. In terms of Technology, Zigbee and UWB are expected to be upcoming Technologies in the market. Wi-Fi based real-time location systems are also enjoying high adoption rates across organizations on account of their smoothness of deployment.

Real Time Location Systems Used by Enterprises to Track and Manage Assets

As per the lead author of this report, “one of the key factors driving the growth of the global real-time location systems (RTLS) Market is the various high-end features offered by the systems including high-efficiency, Asset Management Improvement, Savings of cost, and enhance workflow.” A large number of organizations and enterprises are making use of real-time location systems for identifying, tracking, and managing their assets such as tools, equipment, and Personnel in real-time by applying a tag or badge on them. This in turn will drive the growth of the market.

With an increasing number of organizations realizing the benefits of using real-time location systems such as optimum resource utilization and asset management, the adoption of these systems will rise thereby driving the growth of the market. Moreover, with the dropping prices of the components of real time location systems, the cost of these systems will reduce and drive further adoption. In addition to this the support received from the government will also help the market to grow in the years ahead.

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Privacy Concerns Posing a Challenge for Growth of Real Time Location Systems

The report not only discuss the various factors influencing the growth of the market but also holds an equal a long discussion on the various challenges which the market faces. One of the key factors restricting the growth of the global real-time location system Market is the privacy concerns. This in turn is expected to reduce the acceptance rate of real-time location system solution. Another factor which will pose a threat to the growth of the market is the operational challenges. Moreover, the high cost required for the deployment of real-time location systems will also deter me from adopting these systems. On a positive note however huge opportunities of growth lies in the healthcare sector.

Commercial Telematics Market is anticipated to touch US$46.2 Bn mark by 2020

The vendor landscape in the global commercial telematics market is highly competitive and is the scenario is projected to remain so over the next few years, states a new research report by Transparency Market Research (TMR). Verizon Communications Inc., Masternaut Ltd., WirelessCar AB, Omnitracs LLC, OnStar LLC, and MIX Telematics Ltd. are some of the key players in this market. These players are increasingly being involved into agreements and collaborations on the basis of technology. For example, AT&T has been working in collaboration with various automotive manufacturers to provide its customers with contextual voice controls, which can help them in having a safer driving experience.

According to the research report, the global market for commercial telematics was worth US$14.7 bn in 2013. Increasing at a CAGR of 18.0% during the period from 2014 to 2020, the market’s opportunity is anticipated to touch US$46.2 bn mark by the end of the period of the forecast. Commercial telematics solutions find significant application in fleet and asset management and insurance telematics and are anticipated to remain doing so over the next few years. The demand for OEM telematics is relatively higher than aftermarket telematics. Analysts anticipate this trend to continue in the near future. Geographically, North America has been dominating the global market and is anticipated to remain on the top over the forthcoming years, states the research report.

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Rising Penetration of Smart Phones to Boost Growth

The global market for commercial telematics has been witnessing tremendous growth over the past few years and market trends point towards a bright future. According to a TMR analyst, “the significant rise in the demand for smart phones among consumers and the lowered cost of connectivity across the world are reflecting positively on the sales of commercial telematics, globally.” The increasing implementation of government rules and regulations regarding road safety, such as road infrastructure policies and safety compliance mandates, and the easy availability of high-speed Internet technologies, such as LTE, are likely to support the growth of this market in the years to come, reports the research study.

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High Initial Costs to Hamper Market

On the other hand, the high initial costs incurred in the deployment of telematics technology may create obstacles in the otherwise smooth growth trajectory of the global commercial telematics market in the near future. The increasing concerns over privacy in relation with the exposure of sensitive data may also hamper the market over the next few years, states the market report.