Market Research News Federation Board

Apart from the consumer electronics sector, the growing automotive sector is an important power electronics market driver. In conventional vehicles, power electronics applications include the interfaces between the engine–alternator and the battery and between the battery and the lights, horns, wipers, starter motors, and infotainment and advanced driver assistance (ADAS) systems. Electric vehicles use power electronics in even higher capacities, as they control the electricity coming from the charging station into the battery and that leaving the battery for the primary traction motor. Similarly, in vehicles that operate at higher voltage and current ratings, more-powerful power electronics are needed. For instance, the majority of the three-phase electric locomotives being manufactured by Indian Railways, including WAP-5, WAP-7, WAG-9, and WAG-12, consist of thyristor converters and IGBTs. Moreover, these devices are being integrated into even the newer diesel locomotives being manuf...

Nowadays, internet of things (IoT)-enabled devices are becoming more efficient due to the rapid advancements in the artificial intelligence (AI) technology and extensive need for ubiquitous connectivity and real-time communication. End-use industries such as automotive and transportation, healthcare, government and defense, retail, education, energy, oil and gas, information technology (IT) and telecom, manufacturing, and banking, financial services, and insurance (BFSI) are adopting IoT-based devices to enhance communication.  However, the increasing use of such devices has led to a significant rise in cyberattack incidents. To mitigate such unprecedented instances and reduce financial and data loss incurred due to cybercrimes, end users are opting for AI-based cyber security solutions. Owing to this reason, the AI in cyber security market will accelerate at a healthy CAGR of 25.7% during 2020–2030. According to P&S Intelligence, the market revenue will surge from $8.6 billio...

From $37.0 billion in 2019, the global augmented reality (AR) and virtual reality (VR) market is predicted to reach a revenue of $1,274.4 billion by 2030. According to the estimates of the market research firm, P&S Intelligence, the market will exhibit a CAGR of 42.9% from 2020 to 2030. The market is being driven by the surging incorporation of the AR and VR technologies in the entertainment, tourism, healthcare, education, and gaming industries. The surging adoption of the AR and VR technologies by enterprises operating in various sectors is further boosting the advancement of the AR and VR market. Major solution providers, app developers, and device manufacturing companies are increasingly targeting businesses, both small and large, owing to the wide application pool provided by them. Moreover, a large number of Fortune 500 companies have began experimenting with these solutions and some of them have already launched pilot projects.  For instance, The Boeing Company witnessed...

A number of factors, such as the escalating demand for racing drones, increasing application of augmented reality (AR) and virtual reality (VR) in drones, and ongoing advancements in technologies such as geo-fencing and collision avoidance, are expected to drive the consumer drones market at a healthy CAGR of 28.1% during the forecast period (2016–2022). According to P&S Intelligence, the market was valued at $389.7 million in 2015, and it is projected to generate $2,196.9 million revenue by 2022. The surging application of AR and VR in unmanned aerial vehicles (UAVs) is one of the primary growth drivers for the market. Market players are integrating AR-enabled high-definition (HD) cameras into these platforms to reduce the dependence on tablets and laptops and facilitate operations, as AR glasses offer hands-free solutions to field service technicians. Moreover, these solutions enable the visualization of expert knowledge and job-critical information. Therefore, essentially, mark...

The growing popularity of video-on-demand (VoD) services in developing countries is also predicted to drive the advancement of the market between 2021 and 2030. Depending on type, the market is divided into VoD, music streaming, online gaming, and communication categories. Out of these, the online gaming category is predicted to dominate the market in the coming years. Internet-connected gaming consoles, such as Xbox One, Wii U, and Playstation 4, allow users to play games online. The high costs of these games are responsible for the high revenue generation of the online gaming category. Geographically, the OTT services market was dominated by North America in 2020. This was because of the high disposable income of people, which enabled them to purchase subscriptions of premium content. Additionally, the high penetration of the internet in Canada and the U.S. also contributed toward the surging popularity of OTT services in the region during the last few years. In the coming years, th...

Smartwatches can seamlessly integrate daily health-related activities into an application-based module that can be accessed from a smart device, such as a tablet or smartphone. These watches are gaining traction among the young population, especially among people within the age group of 15–35 years, who want to monitor and maintain their fitness schedules and personal health.  Thus, the surging public awareness on tracking personal health will fuel the adoption of smartwatches in the foreseeable future. Moreover, the increasing integration of automotive control features in such consumer electronics will drive the smartwatch market at a vigorous CAGR of 22.7% during the forecast period (2018–2023). The market revenue is expected to surge from $10.2 billion in 2017 to $43.8 billion by 2023. Market players around the world are developing a new range of smartwatches that are compatible with automotive features such as remote ignition, smart locking and unlocking, and driver assistance...

Transceiver manufacturers are majorly focusing on the production of 5G, 4G, 3G, and 2G RF transceivers, which are being integrated into mobile devices, add-on cards, routers, and embedded modules. In the upcoming years, 5G RF transceivers will be procured at the highest rate, due to the increasing deployment of the 5G network in North America and Europe.  The surging adoption of 5G technology is buoyed by the rising implementation of government initiatives and plans aimed at augmenting the deployment of this technology in several end-use industries. According to P&S Intelligence, the Asia-Pacific (APAC) region led the RF transceiver market in the preceding years, due to the burgeoning demand for smartphones and increasing deployment of 5G in South Korea, China, and Japan.  The accelerating deployment of 5G in China can be credited to the 'Made in China 2025' initiative, which visualizes 5G as an important catalyst in the transformation of China into a world leader of new ...

A major trend in the GIS market is the surging incidence of natural disasters. The frequency of tsunamis, tornadoes, hurricanes (cyclones), earthquakes, and forest fires is rising, thus causing massive collateral and financial damage around the world, which often runs into billions of dollars. Thus, disaster management departments are utilizing GIS to give early warning signals, assess safe shelter areas, evaluate emergency supply distribution, and identify the potential impact on roads, bridges, and buildings. The function segment of the GIS market is categorized into mapping, telematics and navigation, surveying, and location-based services. Among these, the mapping category accounted for the largest market share in 2019. This is attributed to the rapid urbanization, which has amplified the need for mapping functions in urban planning, such as urban growth assessment, land acquisition, environmental impact analysis, water quality management, and land zone classification. Urbanizatio...

The major drivers for the green technology and sustainability market are the increasing focus on low-carbon electricity generation, the rapid shift to renewable energy, volatility in the price of electrical power, favorable government initiatives, surging requirement to decrease operational costs and swift adoption of building automation systems. As a result, the market revenue will increase from $8.3 billion in 2019 to $57.8 billion by 2030, at a 20.0% CAGR between 2020 and 2030. Green technologies are those that can be used to check the degradation of the environment. The technology segment is categorized into the internet of things (IoT), cloud computing, artificial intelligence (AI) and analytics, digital twin, blockchain, and others. Among these, the IoT category held the largest share during 2014–2019 (historical period) because of the burgeoning utilization of this technology in smart domestic appliances, smart cities, smart mobility, smart factories, and smart healthcare. The ...

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable.  One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure). Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the APAC air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period).  Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atom...

The value of the global 5G infrastructure market is predicted to advance rapidly from 2021 to 2030 (forecast period). Depending on network architecture, the market is divided into 5G standalone (NR + core) and 5G NR non-standalone (LTE combined) categories. Of these, the 5G standalone (NR + core) category held larger share in the market in 2020, and it is expected to exhibit huge expansion in the forthcoming years. This is ascribed to the rising requirement for 5G-enabled smartphones and various other devices, several advantages of the 5G standalone architecture such as rapid provision of advanced telecommunication services without causing heavy interruptions in the existing services such as 4G, and evolving network demands.  When end-user is taken into consideration, the 5G infrastructure market is categorized into commercial, government, industrial, and residential. Out of these, the industrial category is expected to exhibit rapid advancement in the upcoming years, on account o...

The surging adoption of LED lights in the industrial sector is credited to their high energy efficiency and excellent design structure. Additionally, the large-scale installation of LED lights in the residential sector is broadening the scope for greater efficiency and advanced designs. Luminaires and lamps, and lighting controls are the two most widely used types of ambient lighting solutions. Between these, the demand for luminaires and lamps was found to be higher in the world during the last few years. This was because luminaires and lamps are integral components of ambient lighting solutions. Furthermore, with the rising demand for greater energy efficiency, the adoption of LED lamps and luminaires is predicted to soar sharply in the forthcoming years.  Geographically, the demand for ambient lighting solutions was observed to be the highest in the Asia-Pacific (APAC) region in the years gone by and this trend will continue in the upcoming years as well. This is attributed to ...

The augmented reality (AR) and virtual reality (VR) market is expected to witness a strong CAGR, of 42.9%, during the forecast period (2020–2030), owing to the soaring focus of vendors on price reduction, growing penetration of tablet computers and smartphones, and surging adoption of AR and VR technologies in the healthcare, gaming, tourism, education, and entertainment industries. According to P&S Intelligence, the market was valued at $37.0 billion in 2019 and it is projected to reach $1,274.4 billion by 2030. The rising focus of vendors on price reduction is one of the key contributors to the market growth, owing to the surging technological advancements in hardware and software.   Constant technological innovations in the field of optics will result in the development of flexible, compact, and cost-effective displays for smart glasses and headsets. Business organizations are the key targets of leading app developers, device manufacturers, and solution providers because the...

The telecom industry is creating a huge requirement for structured cabling, due to the burgeoning demand for hassle-free information technology (IT) infrastructure. Structured cabling helps in effective cable management, as it can be administered and managed without the engagement of a large number of staff. Administration of structured cabling systems facilitates cost and time savings in government organizations and data centers. In comparison to patch cords, this cabling system offers a more organized and standardized approach. Thus, the flourishing telecom sector will fuel the adoption of structured cabling in the forthcoming years. Moreover, the booming demand for high bandwidth, owing to the rising penetration of the internet, will help the structured cabling market progress at a CAGR of 3.9% during 2020–2030. Structured Cabling Market Growth Prospects, Key Vendors, and Future Scenario The market was valued at $7.4 billion in 2019 and it is projected to generate $9.6 billion rev...

Owing to the high costs of owning and maintaining private data centers, the popularity of date center colocation is rising sharply. A colocation data center is basically any data center facility that rents out space to various third-parties so that they can store their network equipment and servers. As many businesses do not have the resources required for maintaining their own data centers, they are increasingly choosing this service. Moreover, this service is very beneficial for businesses that create large but inconsistent volumes of data, primarily because of the increasing adoption of the internet of things (IoT) and artificial intelligence (AI) in their operations. Besides the aforementioned factor, the growing demand for edge data centers is also creating lucrative growth opportunities for the players operating in the data center colocation market . Data Center Colocation Market Outlook and Opportunities in Grooming Regions Edge data centers are basically small data colocation ...

Heating equipment, such as furnaces, unitary heaters, boilers, and heat pumps, and air conditioning equipment, such as chillers, room ACs, ducted split/packaged units, and variable refrigerant flow (VRF) systems, are being installed in residential, commercial, and industrial facilities across the world. Additionally, end-users are installing humidifiers/dehumidifiers, ventilation fans, air cleaners, and air handling and fan coil units for ventilation purposes. In recent years, commercial structures have emerged as the largest user of such equipment due to the flourishing hospitality sector and soaring number of buildings and offices worldwide. In recent years, HVAC equipment and service companies have been increasingly engaging in research and development (R&D) to offer more advanced HVAC systems. HVAC Market Size , Status, Top Players, Trends in Upcoming Years For instance, in November 2019, Danfoss A/S introduced six new refrigeration and AC components and systems for India. The ...

With the increasing penetration of the internet and the growing usage of smartphones, the demand for enterprise mobility management (EMM) solutions is rising sharply. As per the World Bank, around 49.0% of the people all over the world had access to the internet in 2017. Moreover, the rapid advancements being made in several technologies, such as artificial intelligence (AI), are also driving the demand for EMM solutions. This is because EMM solutions can control, update, and wipe the data of devices that are located far away, which, in turn, provides flexibility to users. Besides, the increasing adoption of the bring-your-own-device (BYOD) policy by enterprises is also fueling the expansion of the enterprise mobility management market , owing to which, the revenue of the market surged to $16 billion in 2020. Enterprise Mobility Management Market Business Analysis, Growth and Forecast Report Additionally, the market is expected to progress rapidly during 2021–2030. The BYOD policy all...

The surging deployment of electric vehicles (EVs) is one of the major factors fueling the demand for wireless charging across the world. This is because wireless charging solutions are rapidly becoming popular in the EV industry, with many organizations focusing heavily on exploring technologies that can replace the conventional method of connecting a vehicle to a power source via a cord. This method of charging allows the charging of EVs with employing the use of plugs. Due to its benefits, several international organizations, such as the Society of Automotive Engineers (SAE), Electro Technical Commission (IEC), Institute of Electrical and Electronics Engineers (IEEE), and Underwrites Laboratories (UL) are focusing on standards in order to improve the efficiency and safety of wireless electric vehicle charging systems. Wireless Charging Market Business Analysis, Growth and Forecast Report Apart from the growing deployment of EVs, the mushrooming requirement for wireless charging in ...