The Global Beacon Market: Exploring Its Emerging Trends and Investment Opportunities (2024-2032)

The global beacon market report provides an in-depth analysis of market size, share, and growth rates across different segments at both country and regional levels. It also offers valuable qualitative insights, emphasizing key findings on market dynamics and investment opportunities.

A report by Allied Market Research projects the industry to achieve a remarkable CAGR of 53%, reaching a market value of $395.9 billion by 2032. The study utilizes Porter’s Five Forces model and PESTEL analysis to examine the competitive landscape of the beacon market. These analytical frameworks are assessed based on their CAGR and market share.

Advancements in BLE and immersive AR experiences transforming beacon technology

The latest trends in beacon technology focus on enhancing user engagement, improving location-based services, and expanding applications across industries. The advancements in Bluetooth Low Energy (BLE) technology have offered improved battery life, accuracy, and range. These advanced beacons are now more energy-efficient and capable of supporting longer communication distances, making them ideal for various large-scale deployments.

Moreover, the demand for touchless interactions, fueled by the pandemic, has led to the rise of beacons in areas including retail, hospitality, and transportation. They enable contactless payments, digital menus, and personalized notifications, enhancing customer safety and convenience. Furthermore, beacons are now more widely used for indoor navigation in places such as airports, shopping malls, and hospitals. These systems help users find their way and provide real-time location updates, significantly improving the user experience.

Additionally, beacons are increasingly being paired with AR technologies to deliver interactive experiences in physical spaces. This combination allows users to access contextual information or immersive content triggered by their proximity to beacon-equipped areas.

Prevailing factors boosting the growth of the market

The beacon industry has witnessed significant growth due to the increasing adoption of advanced communication technology. Nowadays, there is a notable rise in the number of smartphones, IoT gadgets, and wearable devices. These devices need a robust network to exchange data seamlessly. Beacons provide a strong network to transmit signals to nearby devices, thereby enabling personalized notifications, contextual interactions, and location-based services. Furthermore, the continuous integration of IoT devices across industries has created numerous opportunities in the industry. Businesses can make automated lighting and temperature adjustments by incorporating beacons into IoT devices. Smart cities are implementing beacon-enabled IoT devices to monitor traffic flow, identify parking availability, enhance urban mobility, and boost sustainability. However, data security concerns associated with the proliferation of beacon technology across various industries restrain the industry growth to some extent.

Competitive analysis  

The report also highlights the industry's top companies, offering a comprehensive overview of their profiles, market share, product offerings, business strategies, and revenue contributions. The study details the strategies utilized by leading players, including partnerships, collaborations, expansions, joint ventures, and other tactics, enabling them to strengthen their market position. The key companies profiled in the study include:

• Cisco Systems Inc.
• Hewlett Packard Enterprise Development LP
• Kontakt.io
• Sensorberg GmbH
• SLU.
• Estimote Inc. 
• Accent Advanced Systems
• BLUECATS
• Apple Inc.
• Gelo Inc.
• Qualcomm Incorporated.

In summary, the AMR report offers valuable insights into various industry segments and identifies key investment opportunities within the global beacon market. The data and statistics provided in the study help businesses expand their global presence and strengthen their position in the industry.

Trending Reports in the Semiconductor and Electronics Industry:

Wi-Fi module market is growing at a CAGR of 11.4% from 2024 to 2032.

Southeast Asia and Middle East Copper Wire and Cable Market: A Brief Evaluation of the Industry’s Prospects from 2023 to 2032

Allied Market Research issued a report on the Southeast Asia and Middle East copper wire and cable market. The industry was valued at $22.74 billion in 2022 and is projected to reach $52.63 billion by 2032, rising at a CAGR of 9.77% from 2023 to 2032.

Research procedure   

AMR’s reports undergo rigorous scrutiny to deliver actionable insights that support strategic decision-making. The company’s experts provide accurate and in-depth analysis, ensuring that the clients have access to the most reliable data and industry projections. Recognizing the distinct needs of each business, Allied offers tailored solutions crafted by our in-house experts. Customizable research services allow companies to explore niche markets. The study also identifies untapped opportunities and achieves a competitive advantage in the industry.

Regional highlights

The Southeast Asia and Middle East copper wire and cable market is segmented into Southeast Asia and the Middle East. In 2022, Southeast Asia led the market in revenue, primarily due to infrastructure development for data centers, telecommunication towers, and related projects throughout the forecast period.

Industry events that are changing the landscape

Various industry updates are mentioned in the report to keep the business owners updated with the affairs of the landscape. Two of such news include:

Elsewedy Electric and ReNew Power’s collaboration

In November 2022, Elsewedy Electric and ReNew Power collaborated with the Egyptian government to initiate a green hydrogen project.

Elsewedy Electric’s $500 billion NEOM project

Elsewedy Electric announced that its Saudi branch contributed to the Kingdom's ambitious $500 billion NEOM project in August 2023. This was done by supplying cables for developments along the Red Sea coast. The company provided low- and medium-voltage cables for the construction of two 28 km tunnels that were integral to The Line, the world's first zero-gravity vertical city, which was designed to house 9 million residents.

Elements influencing the growth of the industry

AMR’s report offers a comprehensive idea of the factors that are responsible for the market’s expansion. It states that the rise of smart grids and increased investment in modernizing power transmission and distribution systems are driving demand for copper wires and cables. Additionally, addressing the limitations of traditional grids has spurred the adoption of smart grid technologies, which significantly reduce greenhouse gas emissions and improve reliability. Insulated copper wires and cables are vital for these systems, thus propelling growth in the copper wire and cable market in Southeast Asia and the Middle East.

The study also observes how rapid urbanization and industrial investment growth help in industry growth. Urbanization typically enhances productivity, income, education, transportation, and healthcare. The integration of information and communication technologies is fostering smart infrastructures to optimize operations in areas like traffic management, public transport, energy, and healthcare. This trend leads to a significant increase in demand for wires and cables essential for data and electricity transmission. By 2050, it's projected that 68% of the global population will reside in urban areas, further driving the need for electrical power and expanded national electricity grids.

To conclude, the Southeast Asia and Middle East copper wire and cable market is anticipated to expand, driven by an increasing number of smart grid projects, urbanization, and investments worldwide. The AMR report provides essential insights that help business owners formulate effective strategies for future growth and achieve their expansion goals.

Related Reports:

Wire and cable market:

Wire And Cable Market Size, Industry Analysis Report 2032 (alliedmarketresearch.com)

Revolutionizing Industry: Growth Trends in the Industrial Wireless Sensor Network Market

 Allied Market Research, titled, Industrial Wireless Sensor Network Market by Sensor, Technology, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global industrial wireless sensor network market was valued at $573 million in 2016, and is projected to reach at $1,200 million by 2023, growing at a CAGR of 11.0% from 2017 to 2023.

Presently, North America dominates the industrial wireless sensor network market. However, China is expected to register the highest growth in Asia-Pacific by 2023. Moreover, the UK is anticipated led the overall market in the European region in 2023. Presently, the U.S. dominates the North American market.

Surge in popularity of industrial wireless sensor technology has driven the market growth. Furthermore, low cost and easy deployment of industrial wireless sensor network fuel the growth of the market. However, data security and privacy concerns are expected restrain the growth of the market.

In 2016, the Wi-Fi segment dominated the global industrial wireless sensor network market, in terms of revenue. However, based on sensor type, others sensor segment led the global market, followed by flow sensor in 2016.

Key Findings of the Industrial Wireless Sensor Network Market:

• Oil & gas generated the highest revenue in 2016.
• In 2016, the Wi-Fi segment accounted for the highest revenue in the industrial wireless sensor network.
• Asia-Pacific is anticipated to exhibit the highest revenue in 2023.

The key players profiled in the report include ABB Ltd., STMicroelectronics, Honeywell International Inc., Texas Instruments, Inc., Siemens AG, Endress+Hauser AG, Linear Technology Corporation, NXP Semiconductors, Schneider Electric, and Emersion Electric.

Light Fidelity (Li-Fi)/Visible Light Communication Market Revolutionizing Wireless Connectivity

 Light Fidelity (Li-Fi) is a very high speed, two-way wireless communication method which uses visible light from LEDs as the medium for transmitting the data by turning them on and off at very high frequency which human eyes cannot sense. This technology is an apt replacement for currently prevailing Wi-Fi technology as Li-Fi is considerably faster, has almost 10,000 times broader bandwidth because it uses visible light, and it is safe to operate in electromagnetic sensitive areas.

Light Fidelity (Li-Fi)/Visible Light Communication Market report, published by Allied Market Research, forecasts that the global market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period 2016 - 2022. In 2015, North America contributed major share in the market and will continue to lead throughout the forecast period.

Li-Fi incorporates three major components, which are LED, photodetector, and microcontroller. Among the three components, in the year 2015, LED dominated the market by contributing over 40% share of the overall component segment revenue. Also, this segment is anticipated to grow with the highest CAGR 118.1% during the forecast period owing to its low cost, increased adoption in different applications such as households, offices, vehicles, airplanes and retail stores among others. Furthermore, LEDs are preferred over all other lighting systems as they can easily be turned off and on with the use of a microcontroller.

Under the industry vertical segment, retail industry contributed over 30% of the overall Li-Fi market, in 2015. Li-Fi enables the storekeepers to monitor the positioning of customers by tracing their location to improve shopping experience and provide notifications on their cellphones. However, healthcare sector would be the fastest growing industry and is expected to register highest CAGR 125.3% during the forecast period. This is because Li-Fi does not cause any electromagnetic interference and can safely be used with other medical apparatus such as CT scanner, MRI machine, X-ray machine, and ultrasound machine among others.

North America dominated the market in 2015 by accounting for around 40% of the total market revenue and it is expected to maintain its dominance throughout the forecast period. This is accredited to the presence of various research and development facilities in the region and investment for implementation of this technology by the major companies in the region.

Asia-Pacific is anticipated to be the fastest growing region among others with CAGR of 121.7% during the forecast period. This is attributed due to the large electronic market in China and Japan as well as presence of several developing regions where governments promote the use of LED lights. In Asia-Pacific, China holds about 50% of the market at present and is expected to maintain its leading position throughout the forecast period.

Light Fidelity (Li-Fi)/Visible Light Communication MarketKey findings:

• In 2015, LED component led the overall Li-Fi market revenue, and is projected to grow at a CAGR of 118.1% during the forecast period.
• Retail industry vertical segment is projected to grow at a CAGR of 112.8% during the analysis period.
• Asia-Pacific is anticipated to be the fastest growing region growing at a CAGR of 121.7% during the forecast period.

The key players in the Li-Fi market are focused on intensive research and development such as undergoing researches in Edinburgh University and the research facility of pureLiFi in United Kingdom, to improve their product quality and partnerships to reach untapped regions. Key players in the market have adopted product launch as their key strategy to grow in the market. For instance, launch of enhanced lighting named Atlanta for precise indoor positioning by acquity brands and the Li-Fi enabled router, LiFi-x by pureLiFi The key players profiled in the report include General Electric, Oledcomm S.A.S, Renesas Electronics Corporation, pureLiFi, LVX SYSTEM, Acuity Brands Lighting, Inc., Qualcomm technologies Inc., IBSENtelecom Ltd., Koninklijke Philips N.V., and Panasonic Corporation.

Asia Pacific Smartwatch Market Set to Surge with Growing Health Consciousness

Smartwatch Market Report, published by Allied Market Research, forecasts that the Asia Pacific Smartwatch market is expected to garner $28,596 million by 2022, registering a CAGR of 69.8% during the period 2016-2022. Increase in the number of smartphone users, technological advancements, and rise in demand for high-end devices lead the market growth to a significant extent in the Asia-Pacific region.

The smartwatch market has grown at a steady pace. Smartwatch leads the bandwagon for wearable devices that enables a user to easily switch to it replacing traditional watches and providing more usability, functionality, and convergence similar to smartphones, which captured the market around two decades ago.

Extension smartwatches dominated the market in 2015, owing to its usage simplicity and multitasking ability. However, classic smartwatch is projected to witness the fastest growth over the forecast period.

Among the operating systems, Android based smartwatches dominated the market, owing to numerous embedded apps and Android phone users in the Asia-Pacific region. Nevertheless, Windows OS is expected to depict the fastest growth over the forecast period.

Asia-Pacific Smartwatch Market Key Findings:

• Extension smartwatch is projected to dominate the Asia-Pacific smartwatch market during the forecast period
• Based on the operating systems, the Windows OS is anticipated to hold huge potential during the forecast period
• China is the largest regional market for the sale of smartwatches and is expected to dominate the market space during the forecast period

The key companies profiled in this report are Apple Inc., Google Inc., Garmin Ltd., Fitbit, Inc., Motorola Mobility LLC., Sony Corporation, Samsung Electronics Co. Ltd., Huawei Technologies Co., Ltd., Pebble, and Nike, Inc.

Semiconductor Lasers Market Sees Rapid Growth Driven by Telecommunications and Automotive Sectors

Allied Market Research, titled, Global Semiconductor Lasers Market by Type and End User Application: Opportunity Analysis and Industry Forecast, 2014-2022, the semiconductor lasers market is expected to reach $8.9 billion by 2022 from $5.5 billion in 2015, growing at a CAGR of 6.9% during the forecast period. In 2015, Asia-Pacific dominated the overall market with over 38% share and is anticipated to continue this trend during the forecast period.

Semiconductor laser is a type of solid-state laser light producing device that differs from conventional lasers on the basis of mechanism used for light amplification. In a semiconductor laser, the active semiconductor components are used for amplifying the light which enables it to have compact size. In addition, it requires less power and is more efficient as compared to conventional laser.

The rise in demand of semiconductor lasers in defense sector, increased usage in medical sector, dedicated assembly, and low tolerance for packaging error fuel the market. However, the market growth is largely restrained by reliability issues and complexities in testing processes. Although, increase in demand for data storage where semiconductor lasers are used opens new opportunity for the players.

In 2015, fiber optic laser (FOL) contributed over 40% market sharethe largest in terms of revenue. FOL serves analog and digital fiber communications, radio frequency links, and research applications. The laser allows link length of over 30km and does not require any amplifiers or signal distribution to multiple receivers as the power levels in lasers are higher than the conventional signal sources. However, green laser is anticipated to grow at a faster CAGR of 8.34% during the forecast period.

By end user application, the communication segment held over 30% revenue share and dominated the semiconductor lasers market in 2015. Green lasers can be used for a variety of roles such as pointing devices. Its ability to form a line in the dark has led to its usage as rescue lights as it can be seen from miles. In addition, it has been used for laser light shows and sky gazing as a person can pinpoint a star by using the green laser. It can also be used as a laser pointers for guns and rifles.

By geography, Asia-Pacific dominated the global semiconductor lasers market with over 35% share in overall revenue; followed by North America, Europe, and LAMEA. Furthermore, it is anticipated to grow at the highest CAGR of 8.2% during the forecast period.

Key Findings of the Semiconductor Lasers Market

• Fiber optic laser segment dominated the market in 2015, with over 45% of market share. However, green laser and HPDL is expected to grow at a higher CAGR of 8.3%, during the forecast period.
• Communication application segment accounted for over 32% of the market in 2015.
• LAMEA is anticipated to be among one of the fast growing regions owing to the presence of rapidly growing automotive industry.
• Asia-Pacific dominated the market in 2015 due surge in demand for semiconductor lasers in China, South Korea, and Japan.

The major players profiled in the report include ASML Holdings N.V., Coherent Inc., Newport Corporation, Sharp Corporation, Sumitomo Electric Industries, Ltd., Trumpf GmbH + Co. KG, Axcel Photonics Inc., IPG Photonics Corporation, Hans Laser Technology Industry Group Co. Ltd., and Rofin-Sinar Technologies Inc.

Nano PLCs Revolutionize Industrial Automation: A Deep Dive into Market Trends

Allied Market Research, titled, Nano Programmable Logic Controller (PLC) Market by Component, Service, Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the nano programmable logic controller (PLC) market was valued at $2,585 million in 2016, and is projected to reach $4,250 million by 2023, growing at a CAGR of 7.0% from 2017 to 2023. The Processor segment held nearly half of the total market in 2016

Nano programmable logic controller is used across numerous industries such as energy & power, automotive, oil & gas, pharmaceutical, and others. At present, rise in demand for automated electronic devices and increase in trend of artificial intelligence (AI) drive the market. Moreover, popularity of Internet of Things (IoT) is expected to provide lucrative opportunities to market players.

The processor segment is estimated to maintain its lead in the global nano programmable logic controller (PLC) market, as it is the most important part in the controller for operations. Moreover, input/output (I/O) segment is expected to grow, owing to its durability and easy replacement.

The fixed nano PLC segment dominated the global market in 2016, accounting for more than half of the total market share. The requirement for compact automation solutions, enhanced efficiency, and increased need for high-voltage operating devices fuel the market growth. However, the modular nano PLC segment is expected to grow at the highest CAGR of 6.3% during the forecast period, due to increase in demand for module rack system.

Asia-Pacific was the major revenue contributor in 2016, and is expected to maintain its dominance throughout the forecast period. This is attributed to the increase in number of automated devices and solutions. Moreover, developments in energy & power and automotive sectors are anticipated to boost the growth of the nano programmable logic controller (PLC) market, especially in the Asia-Pacific countries, such as China, Japan, South Korea, and India.

Europe is anticipated to grow at highest CAGR of 8.4% during the analysis period, owing to increase in demand for automated devices and rise in the adoption of controllers in automotive and oil & gas sectors. Moreover, technological advancements to overcome complexity of the circuit are expected to offer lucrative opportunities for market players in the near future.

Key Findings of the Nano Programmable Logic Controller (PLC) Market:

• In 2016, the processor segment dominated the global nano PLC market, in terms of revenue, and is anticipated to grow at a CAGR of 6.2% during the forecast period.
• The modular nano PLC segment is expected to exhibit the highest growth rate, owing to the flexibility and durability.
• The training segment dominated the global nano PLC market, accounting for nearly half of the total market share in 2016.

The key players operating in the nano programmable logic controller (PLC) market have adopted new product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, ABB Ltd., Robert Bosch GmbH, Honeywell International, Hitachi Ltd., IDEC Corporation, and General Electric.

North America 3D Printing Innovations: The Latest Breakthroughs Transforming Industries

 North America 3D Printing Market Report, published by Allied Market Research, forecasts that the North American 3D Printing market is expected to garner $5.01 billion by 2022, registering a CAGR of 20.1% during the period 2016-2022. Development of customized complex products using a wide range of materials drives this market. Higher accuracy, reduction in production cost and time coupled with minimized human error supplement its growth.

3D printing is used across various industries, including consumer products, aerospace, automotive, healthcare, defense, and education and research. It enables efficient management of resources and increases production output while minimizing wastage and operating costs. 3D printing is implemented for various applications that include development of prototypes, functional models, presentation models, artistic products, and custom parts. The consumer products sector accounted for a major revenue share of the North American 3D printing market, constituting 21.4% of the total market revenue in 2015, followed by the automotive sector which accounted for 18.3% share in the same year.

A wide variety of 3D printers are available in the market based on different technologies. Stereolithography, fused deposition modeling, selective laser sintering, laminated object manufacturing, and electron beam melting are some of the technologies used for 3D printing. Stereolithography-based 3D printers accounted for a major share in the North American 3D printing market, constituting 33.2% of the total market revenue in 2015. The use of these printers for designing models and molding patterns has increased owing to its high accuracy and better surface finish. Stereolithography is an additive manufacturing technology that implements layer-by-layer production technique using photopolymerization for the development of prototypes and functional models. Electron beam melting technology-based 3D printers are likely to register the highest CAGR from 2016 to 2022.

3D printing uses diverse materials such as polymers, ceramics, and metal & alloys among others. Polymers occupied a major share in the North American 3D printing materials segment, accounting for over 40% of the total materials market revenue in 2015. Metals & alloys is expected to be the fastest growing material segment during the forecast period.

Key findings of North America 3D Printing Market:

• The North America 3D printing market is likely to grow at a high rate in the future owing to high need of efficient manufacturing with high accuracy and reduced costs.
• The 3D printing services segment accounts for a major share in this market.
• The application of 3D printing in defense sector is anticipated to register the highest CAGR of 24.7% from 2016 to 2022.
• The U.S. is the highest revenue-generating country in this market.

The major players in this market include 3D Systems, Stratasys Ltd., The ExOne Company, Autodesk Inc., Optomec, Inc., Organovo Holdings, Inc., and Arevo Labs. These players consistently launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position. Partnerships and collaborations provide growth opportunities to these players for geographic expansion.

Smart Textile Innovations Revolutionize Wearable Technology Market

Allied Market Research, titled, Smart Textile Market by Function, and by End-User Industry - Global Opportunity Analysis and Industry Forecast, 2014 2022 the global smart textile market was valued at $943 million in 2015, growing at a CAGR of 28.4% during the forecast period to reach $5,369 million by 2022. In 2015, the military & defense segment accounted for one-fourth of the total share, in terms of revenue.

The significant factors driving smart textile market growth include integration of wearables and smart textiles, increasing use of nanotechnology, and its application in smartphones & other sophisticated gadgets. The electronic components can be miniaturized and integrated with smart textiles, which help to monitor and regulate body temperature, monitor heartbeat, and protects body from outside radiations. In addition, the application of nanotechnology is extended with the production of nanofibers. The use of nanofibers in the fabric is applied widely in the smart textile industry to enhance the performance and functionality of the textile. It provides textiles with anti-bacterial, UV-protection, self-cleaning, water repellence property, maintaining the breathability, and tactile properties of the textiles.

High production cost, high toxic waste production, and lack of government policies encouraging smart textile are some factors that are expected to hinder the growth of the smart textile market while increasing research and development in the smart textile industry is acting as one of the major opportunities for the global smart textile market.

Key Findings of the Smart Textile Market:

• North America is expected to continue to lead the market during the forecast period followed by Europe.
• Military & defense end user segment generated the highest revenue and is projected to grow with a CAGR of 27.3% during the forecast period.
• Sports & fitness is the fastest growing end user segment in smart textile market registering a CAGR of 30.4% during the forecast period.
• Latin America accounted for more than one-third share of the LAMEA smart textile market in 2015.
• The Indian market is growing at a faster rate in Asia-Pacific smart textile market, registering a CAGR of 31.8% from 2016 to 2022.
• Germany accounted for more than one-fourth of share in the European smart textile market in 2015.

Asia-Pacific and Europe collectively contributed more than half of the share to the global smart textile market by revenue in 2015. Asian countries such as China, Japan, and India have transformed been into manufacturing hubs for smart textiles owing to low cost of labor and will be the fastest growing regional market for smart textiles.

Major players that operate in this market are DuPont de Nemours & Co., Koninklijke Ten Cate NV, Texas Instruments Inc., Google Inc., Gentherm Inc., Schoeller Textiles AG, Sensoria Inc., Textronics, Adidas, and Ohmatex.

Mining Automation Revolutionizes Industry Efficiency with New Technologies

 Allied Market Research, titled, Global Mining Automation Market by Technique and Type: Global Opportunities Analysis and Industry Forecast, 2017-2023, the mining automation market was valued at $2,193 million in 2016, and is projected to reach at $3,810 million by 2023, growing at a CAGR of 7.9% from 2017 to 2023.

Mining automation involves use of process and software automation, and incorporation of robotic technology in mining vehicles and automation. In 2016, the underground mining segment dominated the market, in terms of revenue, due to increase in investment on automation and infrastructure.

Asia-Pacific was the highest revenue contributor to the golf cart market in 2016, accounting for around 31.41% share, owing to surge in demand for mobility for automation and increase in transition from manual work to automated work.

The report features a competitive scenario of the mining automation market and provides a comprehensive analysis of key growth strategies adopted by major players. Key players operating in the global mining automation market include Autonomous Solution Inc., Atlas Copco, Caterpillar, Hexagon, Hitachi, Komatsu Ltd., Mine site technologies, RPMGlobal Holdings Ltd., Sandvik AB, and Trimble. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Key Findings of the Mining Automation Market:

• The underground mining segment accounted for the highest share in 2016.
• Equipment segment generated the highest revenue in 2016.
• Asia-Pacific is expected to dominate the market, in terms of market share, during the forecast period

Industrial Internet of Things (IIoT) Market | Current Insight with Future Aspect Analysis

 Allied Market Research, titled, Global Industrial Internet of Things (IIoT) Market by Component and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the IIoT market size was valued at $115 billion in 2016, and is projected to reach at $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023.

IIoT is a network of multiple devices connected through communications technologies. The sub-systems are able to collect, monitor, analyze, and deliver insights for driving business decisions for the industrial companies. IIoT is an integration of advanced technologies such as Machine-to-Machine (M2M) communication

In 2016, the hardware components dominated the IIoT market in terms of revenue. Further, based on application, the manufacturing application led the market with 35% share in 2016.

Key Findings of the Industrial Internet of Things (IIoT) Market:

• Hardware components are projected to continue to maintain their leading position during the forecast period.
• Manufacturing application is projected to continue to maintain its leading position till 2023.
• Asia-Pacific is expected to exhibit promising growth rate during the forecast period.
• IIoT industry participants is anticipated to focus on introducing new products with innovations and partnerships to improve their market share.

The key players profiled in the report include Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., ABB, Texas Instruments Inc., Dassault Systmes, Honeywell International Inc., Huawei Technology Co., Ltd., and International Business Machines Corporation (IBM). These market players focus on the development of new technology, launch of novel products with innovative variations, and adoption of partnership and collaboration as key strategies to establish their position in the market.

Wearable Sensors Market | Current Insight with Future Aspect Analysis

 Allied Market Research, titled, " Wearable Sensor Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2014 - 2022",the global wearable sensor market was valued at $123 million in 2015, and is projected to reach $2,258 million by 2022, growing at a CAGR of 52.9% from 2016 to 2022. The wrist wear segment accounted for more than 45% share of the global market in 2015.

Medical implants equipped with wearable sensors are used in diagnostic and monitoring applications. In the healthcare sector, wearable sensors are mostly used in remote monitoring systems, which collect physiological and movement data for monitoring the health of patients.

The global wearable market is driven by factors such as introduction of new wearable sensors integrated in products such as smart shirt, eyewear, smart ring, and others through technological advancements, growing popularity of Internet of things (IOT) trend, and increasing use of smart consumer electronic devices such as smartphones and tablets. However, privacy & security concerns and high cost of wearable sensors are expected to hamper the market growth.

Wrist wear product segment is expected to maintain its dominant position in the global market until 2022 owing to technology advancements by prominent manufacturers, such as Samsung, Apple, and Fitbit, which facilitate easy integration of smart sensors in smartphones & tablets.

The motion sensors segment accounted for more than one-third share of the global market, in terms of value, in 2015. Compactness of wearable sensors and introduction of micro-electro-mechanical systems (MEMS) technology into the motion sensor industry have increased their utility in the field of automotive, aerospace & defense, healthcare, consumer electronics, and others.

Key Findings of the Wearable Sensors Market:

• Wrist wear segment is projected to be the highest revenue contributor, in terms of value, to the global market throughout the forecast period.
• Image sensors segment is expected to grow at a significant CAGR until 2022.
• The North American wearable sensors market accounted for more than one-third share of the global market in 2015.
• LAMEA is estimated to be the fastest growing region, registering a CAGR of 54.7% from 2016 to 2022.
• Japan was the highest revenue contributor to the global market in 2015, accounting for more than one-fourth share of the Asia-Pacific region.

In 2015, North America and Europe collectively accounted for more than three-fifths share of the global wearable sensors market, and are expected to continue this trend during the forecast period, owing to increased adoption of technologically advanced products, surge in concerns towards health & fitness, and expansion of IoT.

The major companies profiled in the report include Panasonic Corporation, STMicroelectronics, Adidas, Texas Instruments Incorporated, Analog Devices, ZOLL Medical Corporation (Asahi Kasei Corporation), Infineon Technologies AG., InvenSense Inc., Intel Inc., and Google Inc.

Multi-touch Screen Market | Current Insight with Future Aspect Analysis

Allied Market Research, titled, "Multi-Touch Screen Market by Technology and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global multi-touch screen market was valued at $6 billion in 2016, and is projected to reach $16 billion by 2023, growing at a CAGR of 15.9% from 2017 to 2023. The capacitive technology segment contributed nearly 45% share to the global market in 2016.

An increase in number of electronic display devices, rise in trend of retail & media applications, and surge in investment from corporate users are some of the factors that drive the market growth. However, factors such as lack of availability of raw material and high cost of panels restrain the market growth. Moreover, increase in investment for multi-touch displays for emerging applications is anticipated to provide new opportunities in the market.

The capacitive technology segment contributed nearly about 46%, and dominated the global market in 2016. Capacitive technology is expected to maintain its dominant position throughout the analysis period, owing to its wide-scale adoption in smartphones, tablet, laptops and other display devices.

Moreover, North America is the major revenue contributor, owing to high market contribution of the U.S. where high end electronic devices, retail industry, education sector use these screens on a wide scale. However, Asia-Pacific is expected to witness the highest growth rate and is expected to dominate the market during the forecast period, which is attributed by increase in adoption of multi-touch screens in low-end consumer electronic products, rise in sale of display devices, and surge in investment in retail and education sector fuel the market growth.

The consumer electronics and retail segments collectively dominated the market share with around 60% share in 2016. The use of multi-touch screens in consumer electronics is attributed to the rapid growth of wireless portable electronics devices in smartphones and other mobile devices.

Key Findings of the Multi-Touch Screen Market:

• In terms of revenue, consumer electronics and retail segments collectively contributed to the maximum market share in 2016, and are expected to maintain their dominance throughout the forecast period.
• The infrared technology segment is expected to grow at the highest CAGR, during the forecast period.
• The capacitive technology segment held nearly half of the market share, which was the highest among all the technologies, in 2016.
• In 2016, North America accounted for over 30% share globally; however, Asia-Pacific is expected to become dominant during the forecast period.

The major companies profiled in the report include Apple Inc., HP Development Company, L.P., 3M, GestureTek, Displax, Immersion Corporation, Fujitsu, Panasonic Corporation, Samsung Electronics Co. Ltd., Tpk Holding Co., Ltd., and others.