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.

Smart Lighting Market Trends, Active Key Players, and Growth Projection Up to 2026

Allied Market Research, titled, " Smart Lighting Market by offering, Connectivity Technology, lighting technology, application, and Industrial Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026," projects that the global smart lighting market size is estimated to reach $38.68 billion by 2026. In 2019, North America dominated the market, contributing more than a 33% share of the overall revenue, followed by Europe. Emerging advancements in smart lighting; rapid adoption of residential, commercial, and industrial automation; and rise in penetration of smart infrastructure fuel the global smart lighting market growth.

Smart lighting is designed to manage luminance remotely. It ensures energy efficiency and includes automated controls and highly efficient fixtures that can adjust depending on conditions, such as occupancy and external lighting. Lighting is an intentional use of light to add practical and aesthetic effect to a space. Furthermore, these systems include general, accent, and task lighting. Besides this, smart lighting systems ensure lower energy usage and high cost savings.

Recent years have witnessed fast adoption of Zigbee wireless technology in the IoT market. Most smart devices used for residential and commercial purposes are equipped with Zigbee technology. It offers consumers easy-to-use control over installed LED light bulbs, LED fixtures, switches, and remotes, which creates lucrative smart lighting market opportunity globally.

According to smart lighting market, DALI has a major adoption in buildings as it provides manufacturers with reliable low-cost solutions. In addition, benefits of reconfiguration, switching of individual lights as per the need of illumination, and other remote access features drives the demand for DALI system in large space premises.

Among various regions, North America was the highest revenue generator in 2018 and maintain its dominance in the future. This is attributed to the rise in adoption of automation, which creates lucrative opportunities for smart lighting market forecast.

Asia-Pacific is projected to grow at the fastest rate throughout the smart lighting market analysis period, China in this region witnessed the highest demand for smart lighting in 2018, due to wide adoption of autonomous infrastructure and stringent government regulations associated with sustainable development. Moreover, enhancement in industrial autonomy and increase in expenditure in emerging markets such as Latin America and the Middle East to meet the demand for exponentially growing economies in these countries have strengthened the smart lighting market.

The smart lighting market is segmented on the basis of offering, connectivity technology, lighting technology, application, and industrial vertical. On the basis of offering, it is bifurcated into hardware and software. By connectivity technology, it is categorized into Bluetooth, Zigbee, WiFi, and DALI. On the basis of lighting technology, it is classified into LED, halogen, incandescent, Fluorescent, and CFL. The applications covered in the study includes indoor and outdoor lighting. By industrial vertical it is divided into commercial, residential, industrial, automotive and others. Region wise, it is analyzed as North America, Europe, Asia Pacific, and LAMEA.

Key Findings of the Smart Lighting Market:

• The DALI segment accounted for the highest smart lighting market in 2018, with $2,075.59 million, growing at a CAGR of 15.00%, from 2019 to 2026.
• The automotive industry generated the highest revenue, accounting for $1,398.08 million in 2018.
• Asia-Pacific is expected to dominate the smart lighting market share, garnering 23.70% of the total share during the forecast period.

Key players analyzed in the report for smart lighting industry are Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, Honeywell International Inc., Koninklijke Philips N.V. and Syska. The key players adopted various key strategies such as product launch, collaboration, partnership, acquisition, and agreements to drive the market.

Ultrasonic Sensor Market Detailed Analysis and Forecast up to 2028

Allied Market Research, titled, “Ultrasonic Sensor Market by Product Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2028,” the global ultrasonic sensor market size was valued at $4.90 billion in 2020, and is projected to reach $10.43 billion by 2028, registering a CAGR of 11.10%. The Asia-Pacific region is expected to be the leading contributor to the global market growth during the forecast period, followed by North America and Europe. 

Ultrasonic sensor is an electronic instrument, which measures the distance to an object via ultrasonic sound waves. It works on high-frequency sound waves, which reflect from an object to generate dissimilar echo patterns. It uses transducer to send & receive ultrasonic signals that relay back data about an object’s proximity. It is widely used in many applications such as presence detection, stacking height control, robotic sensing, liquid level control, loop control, full detection, through-beam detection for high-speed counting, irregular parts detection for hoppers and feeder bowls, 45° deflection, thread or wire break detection, and contouring using ultrasonic systems. Ultrasonic sensor industrial grade products are a highly reliable for detecting objects and measuring distance and fill level. The industrial ultrasonic sensor price is versatile in nature and proven to be a better substitute to capacitive or optical sensors.

The global ultrasonic sensor market size is anticipated to witness significant growth during the forecast period. Factors, such as growing use of ultrasonic sensors for object detection, pallet detection, and distance measurement across numerous industries, drive the growth of the ultrasonic sensors market. It is also widely used in the food & beverages industry for various purposes such as material handling, processing, and hygiene detection. However, limitation of ultrasonic sensors, such as limited detection range, is a major restraint to the global ultrasonic sensors market. In addition, growing demand from the healthcare sector for numerous applications, such as echocardiograms and echo graphs, is expected to create opportunities for the ultrasonic sensor industry.

Moreover, developing nations tend to witness high penetration of ultrasonic sensor products especially in consumer electronics and automotive segments. Factors, such as increase in autonomous vehicle and advancement of IoT technology, accelerate the ultrasonic sensor market growth.

The global ultrasonic sensor market share is segmented into product type, application, end user, and region. By product type, the market is bifurcated into proximity detection and range measurement. On the basis of application, it is divided into level monitoring, anti-collision detection, distance measurement, object detection, loop control, robotic sensing, and others. Depending on end user, it is segregated into automotive, industrial, consumer electronics, healthcare, food & beverages, aerospace & defense, and others.

Region-wise, the ultrasonic sensor market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe contributed maximum revenue in 2020. However, between 2020 and 2028, the ultrasonic sensor market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from the emerging economical countries such as India, China, Japan, and South Korea. The overall ultrasonic sensors market analysis is determined to understand the profitable trends to gain a stronger foothold.

COVID-19 IMPACT ANALYSIS

The outbreak of COVID-19 has significantly affected the electronic and semiconductor sectors. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chains, posing challenges for manufactures to reach customers. The overall production process has been adversely affected, but the surge in ultrasonic sensor usage in the healthcare industry has boosted the overall ultrasonic sensor market growth globally.

KEY FINDINGS OF THE STUDY

• The automotive segment is projected to be the major application during the forecast period, followed by industrial. The rising demand for autonomous vehicle and advancements of IoT technology are anticipated to surge the product demand in future.
• Asia-Pacific and North America collectively accounted for more than 53% of the ultrasonic sensors market share in 2020.
• India is anticipated to witness the highest growth rate during the forecast period.
• The U.S. was the major shareholder in the North America ultrasonic sensor market, accounting for approximately 50% share in 2020.

The key players profiled in the report include Balluff GmbH, Banner Engineering Corp., Baumer Group, Hans Turck GmbH & Co. KG (Turck), Honeywell International Inc., Murata Manufacturing Co., Ltd, OMRON Corporation, Pepperl+Fuchs SE, Rockwell Automation, Inc., and Sick AG. These players have adopted various strategies, such as partnership, product launch, acquisition, and expansion, to expand their foothold in the industry. 

Power Management Integrated Circuits Market Research Report for Complete Analysis of Current Scenario

 Allied Market Research, titled, “Power Management Integrated Circuits Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2020–2027” the global power management integrated circuits market size was valued at $33.96 billion in 2019, and is projected to reach at $51.04 billion by 2027, growing at a CAGR of 5.3% from 2019 to 2027. Asia-Pacific is expected to be the leading contributor to the global power management integrated circuits market, followed by North America and Europe.

Power management ICs are highly integrated power management solutions used for a wide range of battery-operated electronic devices. PMICs are extensively used to fulfill power requirements in various applications such as consumer electronics, automobile, telecom & networking, and in the industrial sector. The global PMICs market is estimated to witness significant growth during the forecast period. 

The growth is primarily due to rise in production of automobile & battery supported portable electronic devices, increase in emphasis over performance efficiency, and surge in concerns associated with the costs incurred for power management solutions. The demand for battery-supported devices such as smart phones is expected to register a noticeable increase in future majorly from Asia-Pacific countries such as India and China.

Growth in emphasis on industries such as consumer electronics inclusive of semiconductor manufacturing, telecommunication & networking, and automotive are expected to boost the growth of PMICs. However, factors such as increase in complexity in designing and developing PMIC architecture and uncertainty in the economic stability of the market are likely to limit the power management integrated circuits market growth.

Voltage regulators are primarily used in electronics devices to maintain a constant output level of voltage despite fluctuations in input supply or current. Voltage regulators are used in various application areas such as automation, data processing, and lighting. Furthermore, these devices are very crucial in power supply systems. Voltage regulators are followed by integrated ASSP power management; it is a semiconductor-embedded device designed for application specific functioning. Integrated ASSP PMICs captured the second largest market share in 2019.

Region wise, the power management integrated circuits market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major share of the global market in 2019, and is expected to dominate the market in terms of revenue during the forecast period, owing to increase in consumer electronics production, technological advancements, and rise in demand for automobile. North America holds the second largest share in the global power management integrated circuits industry, and is expected to witness significant growth during the forecast period, which is primarily driven by the application of PMICs across industries such as automotive and transportation, electronic durables, and industrial sectors. 

Covid-19 Impact Analysis

The ongoing COVID-19 pandemic has abruptly re-shaped the global economy. Sudden decline in infrastructure development and installation projects is expected to hamper the power management integrated circuits market for automotive and industrial and energy & power industry verticals. 

The global economy has experienced surge in demand for cloud/datacenter services and cloud infrastructure to support distributed workforce. Growing adoption of 5G networking by corporate individuals due to growing online presence has been placed as a national priority and is opportunistic for the market. Moreover, the demand from the telecom and networking segment is expected to increase due to factors such as increased broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further push up the need for digital transformation, technologies such as 5G, the IoT, AI, and intelligent edge computing for future optimization.

Key Findings of The Study

• In 2019, the voltage regulators segment dominated the global PMIC market, accounting for around 27.00% revenue share.
• The automotive/transportation segment is expected to dominate the global market throughout the forecast period.
• Asia-Pacific dominated the global power management integrated circuits market in 2019, with China being the market leader.

The key players profiled in the report include Texas Instruments Inc., ON Semiconductor Corp., Analog Devices Inc., Dialog Semiconductor PLC, Maxim Integrated Products Inc., NXP Semiconductors, Infineon Technologies AG, Mitsubishi Group, Renesas Electronics Corporation, and STMicroelectronics N.V. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their power management integrated circuits market share.

Key Points Covered In the Operating Room Integration Market Study

Allied Market Research, titled, “Operating Room Integration Market by Device Type, Application, and End Use:  Opportunity Analysis and Industry Forecast, 2020-2027,” the global operating room integration market size was valued at $1.77 Billion in 2019, which is projected to reach $4.19 Billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027.

The remote and ease of control for video output, high-quality display technologies, multiple video screens streaming on one display, and share of videos between different operating room increase the demand for video over IP solutions. Further, the launch of latest A/V streaming devices over IP solutions for digital operating rooms drives the operating room integration market growth. For instance, Sigma-XG which is a one product and one cable infrastructure, which means the device uses only one cable for connection throughout the building it is installed in and can be used to stream video in multiple operating rooms. Therefore, these advancement in audio and video management system drives the operating room integration market growth.

Ease in visualization of patient monitoring and display solutions, advancement of display technologies such as miniaturization of display and ultra-high-quality display outputs drive the market for display solutions for operating room integration. Further, latest technologies provide various modes of display such as mirror image mode, picture-in-picture mode, and side-by-side flexible for multi-image viewing mode. This increases the demand for display solutions among doctors. 

The factors such as advancement in surgical procedures, surge in patient preference for minimally invasive surgeries, and patient monitoring to provide safety boost the growth of the market. However, high initial investment and maintenance of ORI systems hampers the growth of the market. On the contrary, untapped potential of emerging markets are expected to offer lucrative opportunities for the growth of the market globally. 

Region wise, the market is analyzed across North America, EMEA, China, and Asia-Pacific. North America was the highest revenue generator in 2019, accounting for $790.0 million, and is estimated to garner $1,622.1 million by 2027, growing at a CAGR of 9.5%. 

The global operating room integration market is segmented based on device type, application, end user, and region. Based on the device type, the market is divided into audio & video management system, display system, documentation and recording system, and others. Further, audio & video management system segment is classified into simple video management, advanced video management, and data comparing IP-based version. In addition, display system is categorized into small display and large format display.

Key Findings Of The Study

• By device type, the audio and video management systems segment held the highest revenue of $586.9 million in 2019 and contributed a major part to operating room integration market share.
• By application, the surgery segment held the highest revenue of $934.4 million in 2019.
• By end use, the hospital segment held the highest revenue share of the market in 2019, generating $1.43 Billion as per the operating room integration market analysis.
• By region, North America is expected to dominate the market, garnering a major operating room integration market share during the forecast period.

The key players operating in the operating room integration market include Stryker Corporation, KARL STORZ GmbH & Co. KG, STERIS plc, Skytron LLC, Getinge AB, Merivaara Oy, Canon Inc., BrainLab AG, Doricon Medical Systems, and Olympus Corporation, which are profiled in this report. The key market players adopt various strategies such as product launch, product development, collaboration, partnership, agreements, among others to influence the market growth.

Humanoid Robot Market to Receive Overwhelming Hike in Revenues By 2031

Allied Market Research, titled, “Humanoid Robot Market," The humanoid robot market was valued at $307.60 million in 2021, and is estimated to reach $609.5 million by 2031, growing at a CAGR of 7.7% from 2022 to 2031.

The introduction of advanced features in humanoid robots is a key element that has boosted the growth of the Humanoid Robot Market. The increased usage of humanoid robots for security and surveillance applications, including the detection of terrorist activities, unauthorized intrusion, and enhanced use of AI robots in hazardous environments, are the primary forces driving the expansion of the humanoid robot market size. Other factors influencing the market for humanoid robots are the speedy development of sophisticated robots to enhance consumer contact and experience, as well as the growing demand for robots in retail applications. Additionally, the rising importance of personalized robots that help customers in their daily activities is boosting demand for humanoid robots throughout the forecast period. These are the primary factors expected to raise the humanoid robot market share during the forecast period.

The market for humanoid robots is significantly restricted by the high initial cost of robots and the substantial expenditures required for R&D activities. Additionally, lack of high-level interfacing systems and unpredictable performance are estimated to challenge the manufacturers, which is expected to hinder the humanoid robot market growth.

Humanoid robots are used in commercial and retail environments to aid in customer service, display product features, and facilitate the speedy collection of consumer data such as phone numbers, email addresses, zip codes, and service reviews. The transformation of inefficient infrastructure brought about by government expenditures in R&D and the usage of humanoid robots in educational facilities to give instruction has the potential to create new market opportunities for the humanoid robot industry. The development of new humanoid robot technologies may also present a lucrative market expansion opportunity. NASA and other space agencies utilize the sophisticated humanoid robots to study distant planets for a variety of reasons, such as taking close-up pictures of planets and determining whether they can support life. All these factors create an excellent opportunity for the market growth.

The global humanoid robot market share is segmented based on component, application, motion type, and region. By component, it is classified into hardware and software. By application, it is classified into research & space exploration, education & entertainment, personal assistance & caregiving, hospitality, search & rescue, and others. By motion type, it is classified into biped and wheel drive. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the humanoid robot market analysis report include HYULIM Robot Co., Ltd, HANSON ROBOTICS LTD, Engineered Arts Limited, Honda, KAWADA Robotics Corporation, SoftBank Robotics, Sanbot Co, ROBOTIS, Willow Garage, and Toshiba Corporation.

The report offers a comprehensive analysis of the global humanoid robot market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of Covid-19 on the Global Humanoid Robot Industry

• The COVID-19 pandemic has had a significant impact on healthcare spending, which has affected the adoption of humanoid robots in this industry.
• Since the healthcare organizations faced budget cuts and financial challenges due to the pandemic, there was less investment in new technologies such as humanoid robots. Many healthcare organizations have had to prioritize spending on essential services, and the adoption of new technologies has taken a backseat.
• Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market.

Key Findings of the Study

• Based on component, the hardware sub-segment accounted for a dominant market share in 2021 and software sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
• Based on application, the personal assistance and caregiving sub-segment emerged as the global leader in 2021 and education and entertainment sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on motion type, the wheel drive sub-segment accounted for a dominant market share in 2021 and biped sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
• Based on region, the Asia-Pacific market accounted for a dominant market share in 2021 and is predicted to be the fastest growing during the forecast period.

Pay TV Market Growing Technology Opportunities and Future Business Trends to 2028

 Allied Market Research, titled, “Pay TV Market By Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028”, the global pay TV market size was valued at $182.32 billion in 2020, and is projected to reach $203.13 billion by 2028, registering a CAGR of 1.5% during 2021 to 2028.

Pay TV is a subscription-based TV service provided by multichannel television providers. The major types of pay TV include cable TV, satellite TV and IPTV. The cable TV is widely used by consumers in residential and commercial applications. Satellite TV is a broadcasting TV. It is a wireless service to deliver television programming directly to the viewer’s house. IPTV refers to Internet based Protocol Television where internet is used to deliver TV programs to the viewer’s location. Pay TV offers programs such as movies, sport events, news channel and educational programs.  

Factors such as increasing number of subscriptions, launch of new television channels and innovative features in the pay TV drives the pay TV market growth. Recent innovations such as high definition equipment have enabled the pay TV to reach wider audience base. In addition, increase in demand for the subscription based channels and the high penetration of IPTV in the developed countries are expected to drive the market growth. Further, the reduction in the subscription charges and the technologically advanced equipment for the pay TV are estimated to contribute towards the growth of the pay TV market share. 

The market players such as DirecTV, Charter Communications and Tata Sky are focusing their investment on technologically advanced products. For instance, AT&T’s DirecTV has launched its new internet TV and it’ll come over the internet rather than a satellite dish. The AT&T has been testing the service in 13 markets and is now making it available to anyone. Charter Communications (Spectrum) added Chromecast compatibility to the Spectrum TV app, to allow its subscribers with even more options for viewing live and on demand content. Also, Tata Sky has launched a new Android-powered set-top box called Tata Sky Binge+ in India that offers a seamless experience of watching TV channels and entertainment apps on one screen. 

COVID-19 Impact Analysis

The COVID-19 has impacted severely on the global electronics and semiconductor sector, due to which production facility as well as new projects have stalled, which have increased the demand in the industries. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; Moreover, the increase in demand for the pay TV in the COVID-19 situation has contributed toward the growth of the pay TV market trends in 2020. 

Key Findings of the Study

• By type, the cable TV segment generated the highest revenue in the pay TV market analysis in 2020.
• By application, the residential generated the highest revenue in the global market.

The key players profiled in this report include Airtel Digital TV, DirecTV, DISH Network Corporation, Dish TV India Limited, Foxtel, Rostelecom, Charter Communications (Spectrum), Tata Sky, Xfinity (Comcast Corporation). These key players have adopted several strategies, such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their footprint in the pay TV industry during the forecast period. 

Electronic Protection Device Coatings Market Prospects Outlook 2023 - 2032

Allied Market Research, titled, “Electronic Protection Device Coatings Market," The electronic protection device coatings market size was valued at $1.1 billion in 2022, and is estimated to reach $1.9 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.

Electronic protection device coatings refer to specialized coatings or films applied to electronic devices or components to offer protection against various environmental and operational factors. These coatings are designed to enhance the durability, reliability, and performance of electronic devices by safeguarding them from moisture, dust, chemicals, heat, electrical interference, and different potential hazards. These coatings are thin and transparent films that conform to the structure of the device. They protect against moisture, dust, chemicals, and corrosion. Conformal coatings are commonly used in printed circuit boards (PCBs), connectors, and other electronic components.

The rising demand for electronic devices such as smartphones, tablets, laptops, and wearable devices has significantly boosted the electronic protection device coatings market growth. These coatings are used to protect electronic components from environmental factors like moisture, dust, chemicals, and corrosion, thereby extending the lifespan and reliability of the devices. Moisture and dirt can cause short circuits and different electrical malfunctions, whilst chemicals and corrosion can degrade the performance and lifespan of electronic components. By applying protective coatings, producers can enhance the durability and reliability of their devices, ensuring that they continue to function optimally even in challenging environments. The increasing demand for electronic devices, along with the need for better device durability and reliability, has been a key driver of the electronic protection device coatings market.

The electronic protection device coatings market lacks standardized testing methods and performance criteria. The absence of widely accepted standards can create uncertainty and make it difficult for customers to evaluate and compare different coating options. This can slow down the adoption of coatings and hinder electronic protection device coatings market growth. Without standardized testing methods and performance criteria, it becomes difficult to assess and compare the effectiveness of different coatings. Customers may lack confidence in the claims made by coating manufacturers, leading to hesitation in adopting new products. The absence of standardized quality control measures may result in variations in coating performance across different manufacturers. Customers may find it challenging to determine the reliability and consistency of coatings, making it harder for them to make informed decisions.

Owing to the increasing reliance on electronic devices in various sectors such as consumer electronics, automotive, aerospace, and healthcare, there is a rising demand for effective protection of these devices. Electronic protection device coatings play a vital role in safeguarding electronic components from environmental factors such as moisture, chemicals, UV radiation, and mechanical stress. The consumer electronics sector, including smartphones, tablets, laptops, and gaming consoles, continues to experience robust growth. These devices are exposed to various external factors that can potentially damage their electronic components. Electronic protection device coatings offer enhanced protection against moisture, dust, scratches, and other environmental factors, thereby extending the lifespan and reliability of these devices. The expanding market for electronic devices presents a significant opportunity for the growth of the electronic protection device coatings market.

The global electronic protection device coatings market share is segmented based on chemistry, application, and region. By chemistry, it is classified into perylene, urethane, acrylic, silicone, and epoxy. By application, it is classified into aerospace & defense, automotive, power & renewable energy, consumer electronics, industrial, medical, and others. By region, the electronic protection device coatings market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the electronic protection device coatings market analysis report include 3M, Henkel Corporation, P2i Ltd., ENDURA, Specialty Coating Systems Inc., Electronic Coating Technologies, MATERIAL SCIENCES CORPORATION, Aculon, ABB, Electrolube.

The report offers a comprehensive analysis of the global electronic protection device coatings market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the electronic protection device coatings market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the electronic protection device coatings market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the electronic protection device coatings market.

Impact of COVID-19 on the Global Electronic Protection Device Coatings Industry

• The pandemic disrupted global supply chains, including the availability of raw materials and transportation. This led to delays in production and potentially impacted the availability of electronic protection device coatings.
• The economic slowdown caused by the pandemic affected various industries, including consumer electronics, automotive, and aerospace, which are major consumers of electronic protection device coatings. Reduced consumer spending and business investments in these sectors resulted in lower demand for coatings.
• With the increased adoption of remote work and online learning, there has been a surge in the demand for electronic devices such as laptops, tablets, and smartphones. This increase in demand for electronic devices led to a rise in the need for electronic protection coatings to safeguard these devices from environmental factors.

Key Findings of the Study

• Based on chemistry, the acrylic sub-segment emerged as the global leader in 2022 and is expected to grow with the highest CAGR during the forecast period.
• Based on application, the automotive sub-segment emerged as the global leader in 2022 and is predicted to have the fastest growth rate.
• Based on region, the Asia-Pacific electronic protection device coatings market registered the highest market share in 2022 and is projected to show the fastest growth during the forecast period.

RF Semiconductor Market to Experience Substantial Improvement, Latest Expansion, and Complete Analysis by 2031

Allied Market Research, titled, “RF Semiconductor Market," The RF semiconductor market was valued at $18.9 billion in 2021, and is estimated to reach $39.6 billion by 2031, growing at a CAGR of 8.4% from 2022 to 2031. The rapid development of 5G technology and the rapid adoption of IoT technology have increased the need for robust network capacity are some of the factors driving the RF Semiconductor market.  

RF Power Semiconductors stands for Radio Frequency Power Semiconductors. These electronic devices are used for cellular and mobile wireless communications. There are numerous applications such as military radar, air and maritime traffic control systems. Various materials such as silicon, gallium arsenide, and silicon germanium are used to manufacture RF power semiconductors.  

The growth of the RF semiconductor market is fueled by the massive adoption of AI technology. AI enhances business by improving the customer experience, enabling predictive maintenance and improving network reliability. By integrating effective machine learning algorithms, the company can reduce the design complexity of RF semiconductor devices and maximize RF parameters such as channel bandwidth, spectrum monitoring and antenna sensitivity. And while AI unlocks new capabilities for military applications, wireless applications in spectrum acquisition, communication systems, signal classification and detection in adverse spectrum conditions will also benefit greatly.  

Robust network capacity has become essential with the proliferation of IoT technologies. IoT helps build a connected framework of physical things, such as smart devices, through secure networks using RF technology. For example, RF transceivers are used in smart home devices to connect to the internet via Bluetooth and Wi-Fi. Moreover, with the increasing number of smart city projects in various regions of the world, the demand for smart devices has increased significantly. In recent years, players in the RF semiconductor industry have been focused on product innovation, to stay ahead of their competitors. For instance: In January 2020, Qorvo Inc. launched the Qorvo QPG7015M IoT transceiver, which enables the simultaneous operation of all low-power, open-standard smart home technologies. Additionally, it is targeted at gateway IoT solutions that require the full-range capability of Bluetooth low energy (BLE), Zigbee, and Thread protocols, with +20 dBm (decibel per milliwatt) outputs. 

The RF Semiconductor market is segmented on the basis of product type, application, and region. By product type, the market is segmented into RF power amplifiers, RF switches, RF filters, RF duplexers, and other RF devices. By application, the market is categorized into telecommunication, consumer electronics, automotive, aerospace & defense, healthcare, and others. Region-wise, the RF Semiconductor market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa).   

The outbreak of COVID-19 has significantly impacted the growth of the global RF Semiconductor sector in 2020, owing to the significant impact on prime players operating in the supply chain. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdowns, globally.  

According to Minulata Nayak, Lead Analyst, Semiconductor and Electronics, at Allied Market Research, “The global RF Semiconductor market share is expected to witness considerable growth, owing to rising demand for the rapid development of 5G technology and the rapid adoption of IoT technology has increased the need for robust network capacity and has developed the RF semiconductor market size. On the other hand, the use of alternative materials such as gallium arsenide or gallium nitride improves device efficiency but also increases the cost of RF devices which is restraining the market growth during the anticipated period. Furthermore, the increased use of RF energy in the number of smart city projects in various countries around the world is creating opportunities for the RF Semiconductor market trends.” 

According to RF Semiconductor market analysis, country-wise, the rest of the Asia-Pacific region holds a significant share of the global RF Semiconductor market, owing to the presence of prime players. Major organizations and government institutions in this country are intensely putting resources into these global automotive data cables. These prime sectors have strengthened the RF Semiconductor market growth in the region.  

KEY FINDINGS OF THE STUDY 

• In 2021, by product type, the RF filters segment was the highest revenue contributor to the market, with $5,372.82 million in 2021, and is expected to follow the same trend during the forecast period.   
• By application, the consumer electronics segment was the highest revenue contributor to the market, with $6,436.63 million in 2021. 
• Asia-Pacific contributed the major share in the RF Semiconductor market, accounting for $7,937.05 million in 2021, and is estimated to reach $17,059.52 million by 2031, with a CAGR of 8.62%. 

The RF Semiconductor market key players profiled in the report include Analog Devices Inc., Microchip Technology Inc., MACOM Technology, NXP Semiconductors, Qorvo, Inc., Qualcomm Incorporated, Texas Instruments Inc., Toshiba Electronic Devices & Storage Corporation, TDK Electronics, and Teledyne Technologies Inc. The market players have adopted various strategies, such as product launches, collaborations & partnerships, joint ventures, and acquisitions to expand their foothold in the RF Semiconductor industry. 

Audio Amplifier Market to Receive Overwhelming Hike in Revenues By 2032

 Allied Market Research, titled, “Audio Amplifier Market," The audio amplifier market was valued at $4.2 billion in 2022, and is estimated to reach $7 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

Audio amplifiers are electronic devices that amplify the amplitude of audio signals, allowing them to be played at a higher volume level through speakers or headphones. These amplifiers are essential components of audio systems because they provide the required power and amplification to drive speakers and create clear, strong music. The audio amplifier market analysis market includes audio amplifiers used in consumer electronics such as home audio systems, televisions, smartphones, and automotive infotainment systems, as well as professional audio equipment used in concerts, theatres, recording studios, and public address systems.

The market for audio amplifiers is driven by the growing traction of in-vehicle infotainment systems for the audio amplifier market. A rise in demand for advanced infotainment systems in automobiles, which provide a wide range of audio and entertainment features. Consumers nowadays expect their vehicles to provide seamless connectivity, immersive audio experiences, and superior audio processing capabilities. This demand for improved in-car audio experiences drives the demand for high-quality audio amplifiers that can produce powerful and crisp sound reproduction in the confined space of a vehicle. For example, modern infotainment systems in cars frequently contain features such as touchscreens, GPS systems, multimedia streaming, and smartphone connectivity. These systems require powerful audio amplifiers that can drive many speakers, deliver high-fidelity sound, and handle a variety of audio formats to give an immersive audio experience. The audio amplifier industry ensures that audio signals are amplified and efficiently dispersed throughout the car, hence improving overall audio quality for occupants. Moreover, the rising trend of electric vehicles (EVs) and autonomous vehicles (AVs) further contributes to the demand for audio amplifiers. As EVs become more popular, there is a need for efficient audio amplifiers that can minimize power consumption and maximize battery life. Similarly, AVs require advanced audio systems to provide entertainment and communication options to passengers during their journeys.

The increasing popularity of consumer electronic devices is driving the growth of the audio amplifier market. As technology advances and consumer preferences evolve, there is a growing demand for high-quality audio experiences across various consumer electronic devices. For example, the rise of wireless speakers and smart speakers. With the increasing adoption of wireless technologies such as Bluetooth and Wi-Fi, consumers are seeking portable and convenient audio solutions. Wireless speakers, like portable Bluetooth speakers or smart speakers with built-in voice assistants, require audio amplifiers to power the speakers and deliver clear and immersive sound. The growing popularity of these devices drives the demand for audiotone amplifiers that can provide high-quality audio output in compact and portable form factors.

Meanwhile, the integration of audio amplification in consumer electronic devices is a barrier to the expansion of the audio amplifier market. The increasing popularity of devices such as smartphones, televisions, and laptops that come with built-in amplifiers limits the demand for separate audio amplifiers. Consumers often prefer the convenience of having an all-in-one solution where the audio amplification is already integrated into the device they are using. This trend reduces the need for additional audio amplifiers and decreases the market potential for standalone products. As a result, power amplifier manufacturers face the challenge of competing with integrated solutions, which can affect their market share and growth prospects. For example, with the rise of smart speakers, such as Amazon Echo and Google Home, are equipped with built-in amplifiers that deliver audio output directly from the device. These speakers offer a combination of audio playback, voice control, and smart home integration features, eliminating the need for separate audio amplifiers. Consumers can conveniently enjoy music, podcasts, and other audio content without the need for additional amplification devices.

However, the increase in the penetration of IoT) creates a substantial opportunity for the audio amplifier market. IoT refers to the interconnection of various devices and objects through the internet, enabling them to collect and exchange data. In the context of audio amplifiers, IoT can facilitate seamless integration and control of audio systems, creating a more immersive and convenient user experience. For example, IoT-enabled audio amplifiers can be connected to other smart devices, such as voice assistants or home automation systems, allowing users to control their audio setup through voice commands or mobile apps. This integration enhances the overall audio experience and offers greater flexibility and customization options. Additionally, IoT can enable features like remote monitoring, diagnostics, and firmware updates for audio amplifiers, improving their performance and longevity.

The audio amplifier market size is segmented based on class, channel, end-use device, and region. Based on class, the market is divided into class A, class B, class A/B, class, and others. Based on channel, the audio amplifier market share is bifurcated into mono, 2-channel, 4-channel, and others. Based on end use device, the audio amplifier market growth is segmented into smartphones, television sets, desktops & laptops, automotive infotainment systems, tablets, home audio systems, and professional audio systems.

By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players profiled in the audio amplifier market, such as STMicroelectronics, NXP Semiconductors, Analog Devices, Yamaha Corporation, ON Semiconductor, Texas Instruments, Kenwood Corporation, Cirrus Logic, Infineon Technologies, Qualcomm Incorporated are provided in this report. Market players have adopted various strategies such as product launch, and acquisition, to expand their foothold in the audio amplifier market.

KEY FINDINGS OF THE STUDY

• The audio amplifier market trends is expected to grow significantly in the coming years, driven by the increasing demand for high quality audio output.
• The market is expected to be driven by the demand for immersive audio amplifiers such as class D amplifiers.
• The market is highly competitive, with several major players competing for market share. The competition is expected to intensify in the coming years as new players enter the market. The Asia-Pacific region is expected to be a major market for Audio amplifier market due to increased investments in consumer electronics and automotive industries in the region.