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Biophotonics Market Growth Factors, Trends and Forecast Report to 2024

The global biophotonics market was valued at USD 34.29 billion in 2015, which is estimated to reach USD 91.31 billion by 2024, according to a new report by Grand View Research, Inc. The developments in optical technologies, increasing investigations by researchers, and mounting demand for early diagnosis are anticipated to drive the market growth over the forecast period. Biophotonics, being an evolving area of scientific research, has several applications due its ability to harnesses light for comprehending the functioning of cells and tissue in living organisms. This further aids in the better diagnosis of health problems.

Biophotonics market is projected to witness a high growth during the forecast period, owing to its application in optical techniques while simultaneously preserving the integrity of the biological cells under surveillance. New laser microscopes are being developed which permit measurements of distinct molecules and tissues at exceptional resolutions.

Biophotonics also finds applications in numerous procedures including new laser microscopes, which allow exceptional specifications of molecules & single tissues, optical coherence tomography that assists in the minute imaging of biomaterials, and novel light-activated chemicals utilized for welding tissues through surgical procedures.

Considering the enormous application areas, it is becoming perplexing for the key market players to commercialize this technology. However, the market is confronted with a slow commercialization rate due to the low acceptance from end-users, price sensitivity, and concerns pertaining to authenticity, quality, and reliability of the products.

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

Further key findings from the report suggest:

  • The non-medical end-use segment is expected to emerge as the fastest-growing segment over the forecast period. The snowballing demand in the non-medical applications is predicted to offer several growth avenues over the next few years. The usage of biophotonics to examine tissues at macro and micro levels and diagnose diseases effectively is expected to be a key reason for its surging end-use applications.
  • The light therapy segment is projected to grow at a CAGR of 14.88% over the forecast period. It accounted for 3.6% of the total market revenue in 2014. This is followed by the surface imaging segment, which is expected to exhibit a high market growth. In addition to this, the market is expected to observe growth with increasing adoption of this technology across various industries, such as biotechnology, therapeutics, agriculture, diagnostics, and life sciences R&D. Other impact rendering applications include environmental monitoring, food analysis, dosimetry, dentistry, and medical imaging utilizing endoscopy and Raman spectroscopy.
  • The Asia Pacific biophotonics market is expected to grow at a CAGR exceeding 13% over the next few years. Due to the augmented investment in R&D activities, coupled with the increasing prevalence of cancer, the market is expected to witness a substantial growth. The increasing healthcare expenditure and rising government initiatives are expected to fuel the demand for the regional market.
  • The prominent industry participants include IPG Photonics Corp., Idex Corp., Toshiba, Procter & Gamble, Horiba, Precision Photonics Corp. (PPC), Roche, GE, Philips, and Danone. The market is projected to exhibit an aggressive competition in the arena of technological development, leading to the application of biophotonic devices in households.

Grand View Research has segmented the global biophotonics market on the basis of end-use, application, and region.

Biophotonics End-Use Outlook (Revenue, USD Billion; 2013 – 2024)

  • Tests and components
  • Medical therapeutics
  • Medical diagnostics
  • Non-medical application

Biophotonics Application Outlook (Revenue, USD Billion; 2013 – 2024)

  • See-Through Imaging
  • Microscopy
  • Inside Imaging
  • Spectro Molecular
  • Other Analytics Sensing
  • Light Therapy
  • Surface Imaging
  • Biosensors

Biophotonics Regional Outlook (Revenue, USD Billion; 2013 – 2024)

  • North America
  • Europe
  • Asia Pacific
  • RoW

About Grand View Research

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

 

Featured

Endpoint Security Market Opportunities To Reach $27.05 Billion By 2024

San Francisco, 27 November 2018 – According to a report by Grand View Research, Inc.; the global endpoint security market is projected to reach USD 27.5 billion by 2025. Growing requirement for advanced safety of sensitive organizational data is anticipated to drive the market over the forecast period (2014 to 2024). Endpoint security offers advanced protection to important information against possible threats like data breach and malicious programs. This factor is anticipated to boost demand in near future.

Rising adoption of Bring Your Own Device (BYOD) trend among employees to access corporate data from varied locations is anticipated to propel demand for endpoint security. Continual technological developments can positively influence market over the forecast period. In addition, increasing number of enterprise endpoints and mobile devices having access to important enterprise information are expected to surge demand for these solutions. Moreover, growing trend of virtualization can separate physical systems into several virtual machines. This factor is anticipated to propel demand for endpoint protection as physical servers.

Asia Pacific Endpoint Security Market Revenue by Solution, 2014 – 2024 (USD Million)

asia-pacific-endpoint-security-market

The worldwide endpoint security market can be segregated on the basis of solution, deployment, organization, application, and region. Based on solution, the market can be categorized into antivirus, application control, firewall, Master Data Services (MDS), encryption technologies, ID/IP, and others. In 2015, antivirus dominated with around 23.2% market share. Antivirus software can reduce probability of threats such as viruses, adware, trojans, spyware, keyloggers, and rootkits. In addition, increasing volume of sensitive information stored over the network can surge demand for antivirus solutions.

Mobile device security is projected to expand at a substantial CAGR of 16% from 2016 to 2024. Rising use of mobile phones coupled with growing adoption of BYOD can fuel growth in the forthcoming years. Mobile devices are vulnerable to threats such as eavesdropping, unlicensed application, mobile malware, and theft. Use of advanced solutions to protect mobile phones from such threats can augment market growth over the forecast period.

Based on deployment, the market for endpoint security can be divided into cloud and on-premise. In 2015, cloud accounted for 36.6% market share. It is expected to witness steady CAGR during the forecast period attributed to reduced investment and expenditure. In addition, shifting consumer preference from on premise to cloud services as the on premise security service is likely to bode well for market expansion.

Browse Research Report On Endpoint Security Market :
www.grandviewresearch.com/industry-analysis/endpoint-security-market

Based on organization, the market can be bifurcated into large enterprises and Small and Medium Businesses (SMBs). In 2015, large enterprises dominated the market and accounted for around 77% market share. The need to upgrade existing security systems and rising adoption of new solutions for complete threat prevention can fuel demand in near future. However, reluctance of SMBs to outsource security services to third party can restrict adoption. Nonetheless, prevalence of data breaches in SMBs is expected to boost adoption in near future.

Based on application, the market for endpoint security can be segmented into industrial, BFSI, education, retail, medical, IT and telecom, and others. IT and telecom and BFSI are anticipated to gain significant market shares during the forecast period. Rising incidence of data breaches and awareness regarding data safety are expected to propel demand over the forecast period. Medical sector is projected to adopt endpoint security attributed to increasing number of hacking cases related to inter-connected healthcare products.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa (MEA). North America and Europe are expected to witness significant CAGR attributed to high proliferation of mobile phones and internet services. In addition, presence of a large number of key market players offering advanced solutions to numerous sectors such as automotive, healthcare, and BFSI is anticipated to further propel demand in near future. Asia Pacific is expected to register a CAGR of around 13.2% from 2016 to 2024. Popularity of cloud computing and BYOD trend can fuel adoption of endpoint security services over the forecast period.

Some of the leading companies in endpoint security market are Panda Security SL, Kaspersky Labs, Sophos Ltd, Microsoft Corporation, and Symantec Corporation.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research Inc. has segmented the global endpoint security market on the basis of solution, deployment, organization, application, and region:

Endpoint Security Solution Outlook (Revenue, USD Million, 2014 – 2024)

  • Firewall
  • Antivirus
  • Application Control
  • ID/IP
  • MDS
  • Encryption technologies
  • Others

Endpoint Security Deployment Outlook (Revenue, USD Million, 2014 – 2024)

  • On-premise
  • Cloud

Endpoint Security Organization Outlook (Revenue, USD Million, 2014 – 2024)

  • Enterprise
  • SMBs

Endpoint Security Application Outlook (Revenue, USD Million, 2014 – 2024)

  • IT & telecom
  • BFSI
  • Industrial
  • Education
  • Retail
  • Medical
  • Others

Endpoint Security Regional Outlook (Revenue, USD Million, 2014 – 2024)

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

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-endpoint-security-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Off-Highway Vehicle Lighting Market To Generate Revenue Of $1.31 Billion By 2025

The global off-highway vehicle lighting market size is expected to reach USD 1.31 billion by 2025 expanding at a 7.0% CAGR, according to a study conducted by Grand View Research, Inc. Increased demand for construction and mining equipment and stringent lighting and safety regulations are expected to drive the market. A rise in sales of Class 7 and 8 trucks along with increased awareness regarding the workers’ safety has also contributed to the demand for off-highway vehicle lighting.

Governments across the world are drafting stringent regulations regarding the use of energy-efficient lights in vehicles and for commercial and residential purposes. Regulatory authorities have actively encouraged the ban on the use of High-Intensity Discharge (HID) lamps in many developed countries. For instance, the National Highway Traffic Safety Administration (NHTSA) has prohibited the use of amber stop lamps in tail lights. Similarly, the Canadian government has defined the minimum number of lights required by different vehicle types, such as buses, trucks, and heavy equipment.

Hence, such regulations are expected to bolster the demand for vehicle lighting, especially Light-Emitting Diode (LED) lights. In terms of industry share, Asia Pacific is expected to be the dominant market over the forecast period owing to increasing investments in construction and mining activities across the region. Governments in this region are investing in the development of public, as well as private infrastructure. Such initiatives are expected to result in an increased demand for construction equipment, such as excavators, loaders, and dump trucks; thereby, supporting the vehicle lighting market growth.

In 2017, China accounted for a major share of the Asia Pacific regional market. North America is expected to register a considerable CAGR of 7.8% over the forecast period on account of the presence of major off-highway vehicle lighting manufacturers in this region. The Canadian government has mandated the usage of certain light fixtures, such as light bar, side marker lamps, and high raised lamps, to ensure workplace safety and avoid accidents. This is also likely to contribute to region’s growth in the years to come.

U.S. off-highway vehicle lighting market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/off-highway-vehicle-lighting-market

Further key findings from the study suggest:

  • The halogen product segment is expected lead the market by reaching USD 727.8 million by 2025
  • This growth is attributed to a significant rise in the adoption of halogen lights across most of the vehicles
  • The headlight application segment led the market in 2017. Introduction of advanced technologies, such as night vision and laser lights are responsible for the segment growth
  • Asia Pacific is expected to be the largest regional market over the forecast period owing to increased investments in the construction activities by government and private firms
  • Prominent companies in the global off-highway vehicle lighting market are Gogoro, Inc.; HELLA GmbH & Co. KGaA; Magneti Marelli S.p.A.; Grote Industries; and Oracle Lighting

Grand View Research has segmented the global off-highway vehicle lighting market on the basis of product, application, end use, vehicle type, and region:

Off-highway Vehicle Lighting Product Type Outlook (Revenue, USD Million, 2014 – 2025)

  • LED
  • Halogen
  • HID
  • Incandescent

Off-highway Vehicle Lighting Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Headlight
  • Tail Light
  • Work Light
  • Other

Off-highway Vehicle Lighting End-use Outlook (Revenue, USD Million, 2014 – 2025)

  • Construction & Mining
  • Agriculture/Farming/Forestry

Off-highway Vehicle Lighting Vehicle Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Excavator
  • Loader
  • Crane
  • Dump/Concrete Mixer Truck
  • Tractor
  • Other Vehicles

Off-highway Vehicle Lighting Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

About Grand View Research

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

Parking Management Market Is Estimated to be Valued $6.9 Billion By 2025

The global parking management market size is expected to reach USD 6,899.4 million by 2025, registering a CAGR of 9.4% from 2019 to 2025, according to a new report by Grand View Research, Inc. The increasing public sector funding and favorable government initiatives are expected to strengthen the market growth. The demand for carpark management solutions is expected to be high in the commercial and government application segments owing to various features such as tow management, ticketing, payment processing, and citation tracking offered by these solutions through a single platform.

Furthermore, image recognition, machine learning, tracking, and speed monitoring capabilities offered by these solutions are expected to enhance a consumer’s experience. The growing automation of services due to the adoption of analytics and big data and the rising demand for improved mobility among service consultants are expected to propel the growth of the market. The market is expected to gain traction owing to the development of systems with sophisticated features such as auto-payment options and voice guidance (enabled through mobile phone apps).

An increasing number of vehicles is negatively influencing the availability of carparks and is consequently fueling the demand for implementing intelligent solutions for managing carparks across the globe. The need for the development of carpark facilities that do not necessitate the use of gate arms and have a minimal negative impact on the environment is further expected to drive the growth of the market. The growing smartphone penetration is expected to benefit the market as carpark management applications use features such as Near-Field Communication (NFC), camera, and GPS to identify vacant spots.

U.S. parking management Market

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

Further key findings from the study suggest:

  • The system integration & deployment segment is anticipated to register the highest CAGR of 10.7% from 2019 to 2025. This can be attributed to the increasing focus of facility providers on the use of new technologies
  • The parking reservation management segment is expected to register the highest CAGR of 11.1% from 2019 to 2025 as these solutions help reduce the time required to locate vacant carpark spaces
  • The on-street segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing favorable government initiatives
  • The government application segment is expected to continue dominating the market over the forecast period due to increasing government investments for developing advanced carpark systems
  • North America dominated the market in 2018 owing to the growing focus of automobile manufacturers in the U.S. and Canada on developing systems for efficiently managing carpark spaces
  • The key players in the parking management market include 3M, Amano Corporation, Cubic Corporation, IBM Corporation, Kapsch TrafficCom, Siemens, SKIDATA AG, Swarco, T2 Systems, and Xerox Corporation.

Grand View Research has segmented the global parking management market on the basis of solution, service, parking site, application, and region:

Parking Management Solution Outlook (Revenue, USD Million, 2014 – 2025)

  • Access Control
  • Security & Surveillance
  • Revenue Management
  • Parking Reservation Management
  • Valet Parking Management
  • Other

Parking Management Service Outlook (Revenue, USD Million, 2014 – 2025)

  • Consulting
  • System Integration & Deployment
  • Support & Maintenance

Parking Management Parking Site Outlook (Revenue, USD Million, 2014 – 2025)

  • On-street
  • Off-street
    • Garage
    • Lot

Parking Management Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Transport Transit
  • Commercial
  • Government

Parking Management Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East & Africa

About Grand View Research

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

Collision Avoidance Sensors Market Exhibit Growth Of $18.97 Billion By 2025

The global collision avoidance sensors market size is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc., displaying a 21.2% CAGR during the forecast period. Integration of anti-collision systems in mass-market vehicles and updated safety ratings of agencies are expected to fuel market growth over the next few years.

Increasing consumer awareness and extensive focus on research and development by industry players have been major growth drivers for the market. Installation of collision avoidance systems allows vehicles to perform autonomous and semi-autonomous decision-making. Growing demand for vehicle security by consumers and government vehicle safety regulatory agencies is also expected to drive the growth of the collision avoidance sensors market.

Recent technological developments in sensors are focused on building highly sophisticated devices and augmenting their performance using various components of the vehicle.Anti-collision systems enable automotive OEMs to integrate additional intelligence to accomplish the goal of developing an autonomous vehicle.

Stringent regulatory and legal standards have mandated the addition of sensors to enhance safety features in vehicles. These are expected to drive demand for collision avoidance sensors over the forecast period. However, high cost of LiDAR-based systems and long-range radars may cause a hindrance to market growth as manufacturers of low-priced cars may refrain from installing sensors to avoid increase overall price of vehicles.

U.S. collision avoidance sensors market

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

Further key findings from the report suggest:

  • Integration of collision avoidance systems in vehicles is expected to help reduce the number of vehicle accidents due to human error; the latter are said to account for 90% of accidents, according to a 2014 UN Road Safety Collaboration study
  • The radar segment is projected to account for 44.5% of the global market by 2025. Declining prices of radars have led to their increased adoption by various Original Equipment Manufacturers (OEMs) of automobiles
  • Due to mandatory government regulations regarding incorporation of camera-based collision avoidance systems into vehicles, the camera segment is expected to witness high growth over the forecast period
  • The Forward Collision Warning System (FCWS) segment is expected to account for a major market share by 2025 as these systems help in significantly decreasing rear-end collisions or accidents
  • Over the forecast period, Europe is anticipated to retain its position as market leader in the adoption of collision avoidance sensors and systems and is anticipated to reach USD 5.80 billion by 2025
  • Key market participants include NXP Semiconductors, Continental AG, Delphi Automotive, Robert Bosch GmbH, and Murata Manufacturing Co., Ltd.

Grand View Research has segmented the global collision avoidance sensors market on the basis of technology, application, and region:

Collision Avoidance Sensors Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Radar
  • Camera
  • Ultrasound
  • LiDAR

Collision Avoidance Sensors Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Adaptive Cruise Control (ACC)
  • Blind Spot Detection (BSD)
  • Forward Collision Warning System (FCWS)
  • Lane Departure Warning System (LDWS)
  • Parking Assistance
  • Others

Collision Avoidance Sensors Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

About Grand View Research

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

Automotive Natural Gas Vehicle (NGV) Market Expected To Collect 31,000.1 Thousand Units By 2025

The global automotive NGV market demand is projected to reach 31,000.1 thousand units by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 3.0% during the forecast period. The transportation sector across the world is adopting natural gas as a fuel for vehicles. Incumbents of the sector have realized that vehicles operating on conventional fuels, such as diesel and gasoline, are causing pollution and emitting greenhouse gases on a large scale. The adoption of advanced technologies in engines is turning out to be of paramount importance in order to reduce emissions. These technologies include use of alternative fuels, such as CNG, LNG, hydrogen, and electricity.

Need for alternative fuel technology in the transportation sector is prompting incumbents to adopt LNG vehicles for their operations. Subsequently, the automotive LNG vehicle segment is likely to witness strong growth in line with rising interest from the transportation sector, especially the trucking sector.

Rising emissions of greenhouse gases and particulate matter (PM) from diesel and gasoline vehicles are causing the air quality all around the globe to deteriorate, thus affecting people’s health. PM and greenhouse gases lead to smog that might cause lung diseases, such as asthma, chronic bronchitis, and emphysema, along with other health issues.

Deteriorating air quality in China is compelling the government to put in place stringent regulations and initiatives aimed at moving toward zero-emissions vehicles. Therefore, the demand for natural gas is rising in the country. According to the U.S. Energy Information Administration (EIA), China emerged as the world’s second-largest importer of LNG as of December 2017, mainly driven by spiraling adoption of LNG by the nation’s trucking industry.

Modern technologies have continuously emerged through dedicated collaborative R&D centers or manufacturers’ independent technology centers; where researchers focus on building optimal solutions for their NGV customers. Governments across the globe are taking initiatives and investing significant resources to improve natural gas technologies.

China automotive NGV market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/automotive-natural-gas-vehicles-market

Further key findings from the report suggest:

  • Stringent regulations, laid down by governments of various nations, to reduce emissions of greenhouse gases and particulate matter are expected to positively influence market growth over the forecast period
  • Refueling solutions such as home refueling and time-fill refueling prove to be economic along with providing convenience to customers
  • There is an increase in the adoption of natural gas for different applications across various industries owing to stringent government regulations regarding greenhouse gas emissions and environmental protection
  • Asia Pacific dominated the market in 2017 and is anticipated to progress at the highest CAGR over the forecast period
  • Some of the key players in the market are AB Volvo; Cummins, Inc.; Beiqi Foton Motor Co., Ltd.; Navistar, Inc.; PACCAR, Inc.; and Westport Fuel Systems Inc.

Grand View Research has segmented the global automotive NGV market on the basis of fuel type, vehicle type, and region:

Automotive NGV Fuel Type Outlook (Volume, Thousand Units, 2014 – 2025)

  • CNG
  • LNG

Automotive NGV Vehicle Type Outlook (Volume, Thousand Units, 2014 – 2025)

  • Passenger vehicles
  • Three-wheelers
  • Light-duty & heavy-duty buses and trucks

Automotive NGV Regional Outlook (Volume, Thousand Units, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • Sweden
  • Asia Pacific
    • China
    • India
    • Thailand
    • Bangladesh
  • South America
    • Brazil
  • Middle East & Africa (MEA)

About Grand View Research

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

Radio Frequency (RF) Components Market Poised to Surge $45.05 Billion By 2025

The global radio frequency components market size is expected to reach USD 45.05 billion by 2025 registering a CAGR of 14%, according to a new study by Grand View Research, Inc. High demand for devices capable of establishing direct wireless connectivity with the internet, including smartphones, tablets, smartwatch, drones, smart television, and smart homes devices is anticipated to drive the market over the forecast period. Technological evolution in the field of wireless communication and developments in materials used for manufacturing RF components, such as Gallium Arsenide (GaAs) and Silicon Germanium (SiGe), is also expected to augment market growth.

These materials allow the integration of digital and analog electronics into a single chip, thus lowering the cost of the components manufactured. These components find applications in several industries including military, automotive, and consumer electronics. The consumer electronics application segment is estimated to witness substantial growth in coming years owing to increasing consumer spending on electronic devices, such as tablets, personal computers, laptops, and smartphones, as a result of rising disposable income levels. Moreover, the development of innovative RF technologies offer products with a dynamic power range, higher frequencies, and lower noise parameters, enabling design of next-generation electronic components. Increasing popularity and adoption of high-speed networks, such as 4G and 5G, have significantly impacted the product demand.

According to the International Telecommunication Union (ITU), the global mobile cellular telephone subscriptions gradually rose from 7,181 million in 2015 to 8,160 million in 2018. Moreover, the number of internet users stood at 3,170 million globally in 2015, which further increased to 3,896 million in 2018. The trend, showing a steady rise in the number of subscribers of internet andmobile cellular telephone across the globe, is likely to have a positive impact on the growth prospects of the market in near future. Escalating demand for wireless communication solutions, including 5G, to enable wider channel bandwidths and greater data capacity than current or previous generation networks has resulted in the increased need for advanced RF solutions, such as switches, integrated modules, phase shifters, and other high-performance RF solutions.

Furthermore, operating frequency of 5G ranges from 24 GHz to 95 GHz, providing high-data-rate wireless connections, such as 4K/8K ultra High-Definition (HD) TV streaming. Due to this, there is an increased demand for RF components in wireless devices to offer greater coverage area and reduced latency of 5G networks. On the other hand, rise in the prices of raw materials is expected to negatively hamper the market growth. Based on competitive dynamics, the vendor landscape of the RF components market is highly fragmented in nature, resulting in intense competition by key companies and causing variation in price margins. Prominent companies in the market include Taiwan Semiconductor Manufacturing Co. Ltd.; Texas Instruments, Inc.; Renesas Electronics Corp.; and NXP Semiconductors N.V.

Asia Pacific radio frequency components market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/radio-frequency-rf-components-market

Further key findings from the study suggest:

  • The power amplifiers product segment accounted for over 30% of the overall share in 2018 and will expand further over the forecast period due to increased demand for 4G handsets
  • Filters segment is also likely to grow significantly due to wide usage of mobile computing devices and need to support various network spectrums for efficient coordination of wireless communication devices
  • Consumer electronics application accounted over 60% of the overall share in 2018 and will attain a substantial growth from 2019 to 2025
  • Increased consumer spending on smartphones, tablets, smart homes, and several other portable electronic devices is anticipated to be the key factor driving the consumer electronics segment
  • North America accounted for around 28% of the global revenue in 2018. High demand for better mobility solutions is anticipated to drive the regional market further
  • Asia Pacific is expected to be the fastest-growing RF components market from 2019 to 2025 due to increasing adoption of improved connectivity solutions and growing number of internet users in the region
  • Key companies in this industry include Aixtron SE, NXP Semiconductors; Avago Technologies Ltd.; RF Axis; Texas Instruments, Inc.; STMicroelectronics Fujitsu Ltd.; Freescale Semiconductor, Inc.; and Renesas Electronics Corporation
  • Industry participants compete on the basis of development of efficient components that offer faster access to high performance, mobile data, cost effectiveness, and flexibility to support the corresponding solution

Grand View Research has segmented the global radio frequency components market on the basis of product, application, and region:

Radio Frequency Components Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Filters
  • Duplexer
  • Power Amplifier
  • Antenna Switches
  • Modulators and Demodulators
  • Others

Radio Frequency Components Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Consumer Electronics
    • Mobile Phones
    • Tablets
    • Smart TVs & Set Top Boxes
    • Laptops & Notebooks
  • Automotive
  • Military
  • Wireless Communication

Radio Frequency Components Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa

About Grand View Research

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

Interactive Kiosk Market Anticipated to Generate $41.88 Billion by 2025

The global interactive kiosk market size is expected to reach USD 41.88 billion by 2025, expanding at a CAGR of 8.9% from 2019 to 2025 according to a new study conducted by Grand View Research, Inc. Increased deployment and usage of interactive kiosks in the retail and banking sectors in developing regions, such as Asia Pacific, Latin America, and MEA, are expected to drive market growth over the forecast period. Majority of emerging countries in these regions have low penetration of digital banking infrastructure and organized retailing. These systems offer an ideal solution for serving consumers in such regions.

Over the years, the integration of new technologies, such as Near-Field Communication (NFC) and Radio-Frequency Identification (RFID), in interactive kiosks has helped companies deliver enhanced customer experience by simplifying payments and improving transaction security. Manufacturers are also working on developing novel capabilities, such as voice-based interaction and operation, in their products. These technologies will enable users to communicate with the interactive kiosks without any need for physical input. Interactive kiosks act as a significant tool for the expansion of business operations and enable companies to offer convenient, swift, and hassle-free services to customers while maintaining enhanced safety and security of financial transactions.

However, the threat of cyberattacks and high costs of installation, maintenance, and support associated with advanced solutions may hinder the market growth to a certain degree. Stringent regulatory and legal standards, such as the General Data Protection Regulation (GDPR), Americans with Disabilities Act (ADA), and Underwriters Laboratories (UL) standards, are the major challenges stymying the wider adoption of interactive self-service kiosks. The GDPR compliance focuses on the protection of the customers’ private data for better safety. ADA standards provide design requirements and specifications for manufacturing, construction, and alteration of any public access system for disabled individuals. Thus, OEMs are continuously innovating their products to meet regulatory and legal challenges in regional markets.

U.S. interactive kiosk market

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

Further key findings from the study suggest:

  • Service segment will register the fastest CAGR over the forecast period due to high demand for managing and upgrading existing infrastructure in BFSI and retail sectors
  • Declining prices of hardware and improved transaction safety features have led to the increased adoption of interactive systems in the BFSI segment
  • The healthcare end-use segment is expected to witness the highest CAGR of 10.4% over the estimated period
  • Increased adoption of interactive kiosks in areas, such as telemedicine, appointment booking, and automated medicine dispensing, will drive the segment growth
  • Asia Pacific market is estimated to witness the highest CAGR as MNCs in retail, healthcare, and F&B continue to expand their business operations and presence in the region, resulting in increasing deployment of interactive systems these sectors
  • Key industry participants in the market include Embross; NCR Corporation; Slabb, Inc.; Advanced Kiosks; Source Technologies LLC; IER SAS; RedyRef; Meridian Kiosks LLC; Diebold Nixdorf, Inc.; Advantech Co., Ltd.; KIOSK Information Systems, Inc.; ZEBRA Technologies Corp.; and NEXCOM International Co., Ltd.

Grand View Research has segmented the global interactive kiosk market on the basis of component, type, end use, and region:

Interactive Kiosk Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware
    • Display
    • Printer
    • Others
  • Software
  • Service
    • Integration and Deployment
    • Managed Services

Interactive Kiosk Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Automated Teller Machine (ATM)
  • Retail Self-checkout Kiosk
  • Self-service Kiosk
  • Vending Kiosk

Interactive Kiosk End-use Outlook (Revenue, USD Million, 2014 – 2025)

  • BFSI
  • Retail
  • Food & Beverage
  • Healthcare
  • Government
  • Travel & Tourism
  • Others

Interactive Kiosk Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa

About Grand View Research

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

Vehicle Electrification Market Is Predicted To Exceed $125.12 Billion By 2025

The global vehicle electrification market is anticipated to reach USD 125.12 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for electrification in transport automobiles is increasing owing to social influence and acceptability to shift in favor of electrification via lowered usage of petroleum to energy efficient vehicle. Moreover, regional legislation policies and regulatory efforts globally on strengthening CO2 emissions standard have been immensely contributing to the growth of the market.

Integrated Starter Generator (ISG) product is expected to gain traction over the forecast period. The application of ISG in vehicle helps the engine to instant and silently restart after the idle or traffic stop when the engines shut down to reduce emission and save fuel. ISG achieve vibration and noise reduced operation improving the automobile comfort for the user. Further, ISG optimizes the electric energy by reducing the load of the engine which further drives the content of electronic solution in the vehicle. Integrated starter generator in the automobile has significant influence to start engine under extremely low-temperature conditions.

The demand for integrated started generator product type was valued at USD 4.97 billion in 2016 and is expected to reach over USD 11.16 billion by 2025.

The internal combustion engine (ICE) & micro-hybrid vehicle is one of the largest segment in hybridization type. The growth of ICE & micro-hybrid automobiles is attributed to mechanical integration which yields significant fuel economy when it is idle in traffic or at a signal. Moreover, to meet the growing environmental challenges which are posed by several emission legislations automakers have developed various eco solutions in the conventional ICE.

Increasing user demand for eco-friendly solutions and stringent emission regulations are few key factors that are expected to impact the growth for internal combustion engine & micro-hybrid vehicle in the market over the forecast period. The internal combustion engine & micro-hybrid vehicle segment is anticipated to grow at a CAGR of 7.8% from 2017 to 2025.

U.S. vehicle electrification market

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

Further key findings from the report suggest:

  • The global vehicle electrification market accounted for USD 58.92 billion in 2016 and is expected to grow at a CAGR of 9.1% from 2017 to 2025
  • Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle emerged as the largest segment in 2016 and is estimated to generate revenue over USD 70.68 billion by 2025.
  • The BEV hybridization segment is anticipated to witness moderate growth over the next eight years.
  • The electric vacuum pump within product segment is estimated to reach over USD 17.75 billion by 2025
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of vehicle electrification methods among automobile sector on a large scale. The regional market is expected to grow at a CAGR of 8.5% from 2017 to 2025.
  • Key players include Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Johnson Electric, and Mitsubishi Electric Corporation, accounting for a majority share of the overall market in 2016

Grand View Research has segmented the vehicle electrification market on the basis of product, hybridization and region:

Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Start/Stop System
  • Electric Power Steering (EPS)
  • Liquid Heater Ptc
  • Electric Air Conditioner Compressor
  • Electric Vacuum Pump
  • Electric Oil Pump
  • Electric Water Pump
  • Starter Motor & Alternator
  • Integrated Starter Generator (ISG)
  • Actuators

Hybridization Outlook (Revenue, USD Million, 2014 – 2025)

  • Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle (BEV)

Regional Outlook  (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Rest of the World
    • Brazil
    • Mexico

About Grand View Research

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