Wireless Mesh Network Market Is Poised To Reach $11.14 Billion By 2025

San Francisco, 30 Sep 2019 - The global wireless mesh network market size is expected to reach USD 11.14 billion by 2025 registering a CAGR of 9.1%, according to a new report by Grand View Research, Inc. Increasing adoption of the wireless communication medium and usage of Artificial Intelligence (AI) and Internet-of-Thigs (IoT) has been a major factor driving the global market. Growing opportunities in oil & gas industries and the development of infrastructure and smart cities have led to the increased adoption of WMN.

A WMN enables citywide public Wi-Fi that in turn improves the delivery of urban services. It is forecasted that wireless devices would account for two-thirds of the Internet Protocol (IP) traffic and almost all households would have broadband services. In cities, WMN could solve the congestion problem with traffic management solutions where traffic data is analyzed and pre-emptive solutions are provided for free-flowing traffic. High demand for enhanced coverage, structural flexibility, and multi-hop high-speed short distance transmission capability of video surveillance systems is augmenting the WMN market growth in security applications.

Thus, video surveillance application segment is projected to witness the highest CAGR of 10.5% over the forecast years. In addition, rising concerns over security threats at public, as well as private, sites will boost the demand further augmenting the segment growth. Oil & gas application is expected to register the fastest growth from 2019 to 2025 due to high demand for real-time wireless communication to enhance productivity, safety, and accuracy at oil and gas fields.


Further key findings from the study suggest:
  • 5 GHz band is expected to emerge as the fastest-growing radio frequency segment in the global wireless mesh network market
  • The segment is anticipated to expand at a CAGR of 10.6% over the estimated period owing to increasing demand for more stable and high-speed network connection
  • Asia Pacific is projected to witness the maximum growth over the next six years owing to increasing number of smart city projects in various economies of the region
  • The regional market is said to reach at USD 2.90 billion by 2025 expanding at a CAGR of 14.2% from 2019 to 2025
  • Some of the key companies in this market are Cisco Systems, Inc.; Aruba Networks, Inc.; Ruckus Wireless, Inc.; and Firetide, Inc.
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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Enterprise Key Management Market Is Poised To Reach $3.61 Billion By 2025

San Francisco, 30 Sep 2019 - The global enterprise key management market is expected to reach USD 3.61 billion by 2025, according to a new study by Grand View Research, Inc. Increasing number of data breaches and loss of confidential data, coupled with increasingly stringent regulations and compliance standards to safeguard sensitive data from malicious users, have led to the implementation of advanced enterprise security solutions across different industries. The shift of organizations toward a digital environment for offering digital services and the need to protect increasing volumes of sensitive data are expected to drive the enterprise key management market.    

Enterprise key management is an essential component of data encryption solutions and involves managing and dealing with generation, exchange, storage, use, destruction, and replacement of cryptographic keys that encrypt different data sources such as emails, databases, disk drives, big data repositories, backup tapes, and data over cloud environments. The key management solutions protect cryptographic keys throughout their lifecycle and restrain unauthorized users from accessing the keys or data.

Organizations are increasingly deploying encryption solutions to protect confidential data, thus, enabling the growth of the enterprise key management market. However, issues related to lack of skilled key management workforce and standardized key management systems are expected to challenge the industry. Furthermore, the high cost and complex deployment of key management solutions are expected to hinder the market growth.


Further key findings from the study suggest that:
  • North America is expected to be the largest market during the forecast period, owing to technological proliferation and accelerated adoption of digital services
  • Asia Pacific emerged as the fastest-growing market with a CAGR of 22.0% over the forecast period.
  • Disk encryption segment accounted for 37.07% of the overall market share in 2016, however cloud encryption segment will have the highest growth rate
  • The BFSI segment accounted for 31.9% in 2016. Increased online and mobile transactions, along with data security regulatory mandates will drive the market growth
  • Increasing investments in cloud-based encryption solutions and the need to protect increasing data volume will drive the growth of the enterprise key management market
  • The key participants include EMC Corporation, Gemalto N.V., Hewlett-Packard Enterprise, IBM, Thales e-security, Microsoft Azure, Inc., and CA Technologies
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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Hybrid Fiber Optic Connector Market Worth Scope $1.06 Billion By 2025

San Francisco, 30 Sep 2019 - The global hybrid fiber optic connectors market is expected to reach USD 1.06 billion by 2025 growing at a CAGR of 7.7% from 2017 to 2025, according to a new report by Grand View Research, Inc. The demand for high-performance fiber optic connectors is increasing in order to assure adequate optical, mechanical, and environmental performance in various industries, such as military & aerospace, oil & gas, safety & security, civil engineering, railways, power & utility, and others. These connectors are primarily deployed in extreme environmental conditions and settings as they possess features such as resistance to dirt or dust, chemical, submersion, vibration, and humidity.

The technology continually undergoes research & development for introducing low-cost applications and advanced solutions to the mass market. The market is further driven by the ability of these connectors to perform in a harsh working environment. The market has been segregated based on different applications such as telecom, oil & gas, military & aerospace, medical, railway, and others.

Military and aerospace systems perform in adverse surroundings, inclement weather, and unfavorable climates. As a result, there is a growing need for robust fiber optic interconnects. Expanded beam connectors offer lesser susceptibility and increased ease in cleaning small particles of dirt and dust than physical contact connectors.

Hybrid fiber optic connectors have great potential to be incorporated in a wide range of applications which demand precise, and rugged products. Aerospace, geophysical, tactical, and shipboard applications, among others, present taxing environments and hence there is a rise in the use of hybrid fiber optic connectors.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in manufacturing practices and infrastructure development activities which have contributed to the swift uptake of hybrid fiber optic technology in end-use industries such as automotive, manufacturing and railway sector.


Further key findings from the report suggest:
  • The military & aerospace application segment dominated the hybrid connectors market in terms of market size in 2016.
  • The increasing adoption of contemporary manufacturing policies and infrastructure development gears in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.
  • The North American regional market dominated the global market in terms of revenue in 2016 on account of presence of well-established manufacturers, large consumer base in the region are a few factors influencing its high market share.
  • The key industry participants include, Amphenol Corporation, Diamond SA, Hirose Electric Company, LEMO, and QPC Fiber Optic, LLC, amongst others.
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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High-End Lighting Market Is Projected To Reach $24.32 Billion By 2025

San Francisco, 30 Sep 2019 - The global high-end lighting market is expected to reach USD 24.32 billion by 2025, growing at a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Increasing demand for connected lighting system has been a major factor driving market growth. Some major technological innovations in this particular market such as connected, dimmable, color changing, and sensor-enabled lightings have contributed largely to the market growth.

The introduction of LEDs in recent years has changed market dynamics for high-end lighting which was previously dominated by conventional lights such as fluorescent lights, halogen and incandescent bulbs. Governments across all major countries have taken initiatives for the adoption of LEDs in order to save energy and reduce environmental pollution which is further anticipated to boost the market growth for high-end lighting.

High-end fluorescent lamps accounted for maximum revenue generation in 2016. The demand for high-end LED lighting is increasing and it is projected to gain huge market share by 2025. The factors such as enhanced LED features, government initiatives for ban on incandescent bulbs and increasing demand for energy efficient lighting is anticipated to drive the market growth for high-end LEDs.

High-end lighting with wired application segment accounted for larger market share in 2016 and is expected to dominate the market over the forecast period. However, the market for wireless high-end lightings is projected to grow at a high rate owing to the technological advancement such as remote controlled operations via smartphone, dimming & color changing feature, Wi-Fi and Bluetooth connectivity. Wireless lighting is easier to install without damaging the interior and are also more efficient than wired ones, thus the demand for the wireless high-end lighting is expected to eventually grow over the forecast period.

By interior design, transitional lighting accounted for largest market share in 2016, the requirement for transitional interior consist of a mixture of modern and traditional lights. The interior design market is slowly moving from transitional to modern interior, thus market for modern high-end lighting market is anticipated to grow at a highest rate over the forecast period. However, traditional high-end lighting is projected to witness a steep fall in overall high-end lighting market owing rising number of smart homes and smart city projects.

In 2016, commercial high-end lighting accounted for over 32% market share, whereas residential high-end lighting still holds largest market share. The industrial high-end lighting is anticipated to grow exponentially over the forecast period owing to increasing industrial lighting standards and regulations.


Further key findings from the report suggest:
  • Global LED high-end lighting demand was USD 5.12 billion in 2016 and is anticipated to witness staggered growth over the next nine years
  • The wired high-end lighting segment is anticipated to grow at CAGR of 4.9% over the forecast period.
  • The modern high-end lighting segment is projected to grow at CAGR of 6.8% from 2017 to 2025.
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to various developments across major economies, especially in the LED and OLED lighting market. The regional market is expected to grow at a CAGR of 8.5% from 2017 to 2025.
  • Key players including Philips Lighting Holding B.V., OSRAM Licht AG, General Electric Company, CREE, Inc. and Digital Lumens, Inc. dominated the global high-end lighting market while accounting for over 58% of the total revenue in 2016
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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Automotive Robotics Market Worth $13.6 Billion By 2025 | Top Companies Are ABB Robotics, Fanuc Corporation, & Denso Corporation

San Francisco, 30 Sep 2019 - The global automotive robotics market is expected to reach USD 13.6 billion by 2025, according to a new report by Grand View Research, Inc. The increasing adaptation of automation and robotics within the automotive industry is a major factor expected to drive the market growth. 

Industrial revolutions and initiatives taken by the government regarding automation of manufacturing sectors boost the sales of automotive robots. The governments are providing tax exemptions for R&D and providing tax cut which will reduce the cost of manufacturing and improve the manufacturing opportunities in the countries rather than going for offshore manufacturing.

Articulated robots are expected to grow over the forecast period due to their flexibility and various operations that can be performed by the six axes robots. It can be used for various applications such as welding, material handling, dispensing and material removal applications and the robot has a large work envelope. Articulated robots are growing at a CAGR of 14.4% over the forecast period.

The welding application segment holds the largest share of automotive robotics market in 2016 and is expected to reach over USD 5.0 billion by 2025. Robots are being employed in different aspects of the production line due to their large work envelope. Automotive manufacturers widely used robots for spot welding in vehicles.


Further key findings from the report suggest:
  • The global automotive robotics market accounted for USD 4.34 billion in 2016 and is expected to grow at a CAGR of 13.9% from 2017 to 2025
  • Articulated robot emerged as the largest segment in 2016 and is estimated to generate revenue over USD 8.50 billion by 2025
  • The welding market for automotive robotics is estimated to reach over USD 5.0 billion by 2025
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of automation in the manufacturing sector. The regional market is expected to grow at a CAGR of 14.9% from 2017 to 2025.
  • Small and medium sized enterprises in Europe are also adopting automation due to the initiatives taken by European union to produce affordable, easy to install and modular robots. This initiative is anticipated to act useful to the SMEs in their manufacturing process and reduce the production time and labor costs. Several manufactures such as ABB and Kuka AG have launched robotic arms and collaborative robots for SMEs.
  • Key players include ABB Robotics, Fanuc Corporation, Denso Corporation, Kawasaki Heavy Industries, Ltd. and others dominated the market, accounting for a majority share of the overall market in 2016
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.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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Advanced Process Control Market Business Outlook 2025

San Francisco, 27 Sep 2019 - The global advanced process control market size is expected to reach USD 24.9 billion by 2025, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to witness considerable growth across the globe owing to the growing emphasis of several end use industries on the improvement and optimization of the production process. Advanced process control solutions enable organizations to significantly improve the accuracy of product testing, enhance quality, and reduce error.



As companies seek ways of improving the quality of their products and reduce the cost of operations to be able to maintain their competitive edge, the demand for advanced process control systems is likely to continue to rise in the near future. Furthermore, the increasing adoption of advanced process control systems across industries such as nuclear power, chemical, and semiconductor is encouraging APC companies to invest in research and development activities to develop systems with enhanced capabilities. These factors are anticipated to further propel the growth of the global market over the forecast period.

APC is a software-based closed-loop feedback-based process control system that helps increase productivity, minimize waste, and improve quality assurance under real-world operating conditions. By enabling the easy deployment of technologies such as model predictive control and advanced computing systems in the processing and manufacturing sectors, the use of APCs has enabled companies to increase the affordability of products. Moreover, APC systems also aid in lead time reduction to decrease the operational cost associated with it.

Additionally, APCs have a significant demand in the oil and gas sector and are used for optimization and control of a variety of processes. The steady expansion of the chemical industry is also anticipated to drive the adoption of APCs over the forecast period to stabilize industrial operations and optimize plant performance by minimizing the fluctuations of key process variables. Increasing competition has compelled process industries to adopt advanced process control systems to bring about an improvement in economic performance to maintain their competitive edge. However, the need for high initial investments could restrain the growth of the APC market to a certain extent over the forecast period.


Further key findings from the report suggest:
  • In terms of product type, the hardware segment is anticipated to witness high CAGR over the forecast period. This can be attributed to the increasing adoption and deployment of advanced process control systems in various verticals such as nuclear power plants, petrochemicals, oil and gas upstream, downstream, and processing operations
  • Of the key end use segments covered in the report, the energy and power segment is expected to witness significant growth during the forecast period. This can be attributed to the significant adoption of advanced process control systems in nuclear power plants and other alternative sources of power generation
  • The Asia Pacific APC market is anticipated to witness high CAGR over the forecast period owing to robust industrialization in countries such as China and India and the higher adoption rate of advanced process control systems in several industries
  • The APC market is oligopolistic and is dominated by companies such as Schneider Electric, Siemens, Rudolph Technologies, Aspen Technology, Inc., Emerson Electric Co., ABB, Yokogawa Electric Corporation, Panasonic Corporation, Rockwell Automation, Inc., and Honeywell International Inc. Collectively, these companies account for nearly 80% of the market
  • Leading Advanced Process Control (APC) market players are in the process of acquiring small startups for technological advantage, provision of better services, and regional expansion.
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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Explosive Trace Detection Market Is Poised To Reach $2.36 Billion By 2025

San Francisco, 27 Sep 2019 - The global explosive trace detection market size is expected to reach USD 2.36 billion by 2025, according to a study conducted by Grand View Research, Inc., registering a 10.5% CAGR during the forecast period. Rise in terrorist activities across the globe and increasing adoption of explosive trace detectors in public safety and law enforcement sectors have bolstered market growth. These devices enable users to experience enhanced security and detection capabilities.



Growing interest of explosive trace detector companies such as Chemring Group PLC in capturing a larger market share in regions such as Middle East is expected to drive adoption of explosive trace detectors. Additionally, increasing commercial activities are bolstering market growth in the region.

The Asia Pacific regional market is expected to witness considerable growth, owing to increasing need for public safety. Stringent government regulations pertaining to security screening is also bolstering market growth. Additionally, increased defense budgets in developing countries in the region is boosting the market.

However, high costs pertaining to development and maintenance of explosive trace detectors are expected to hinder market growth. Therefore, device providers are focusing on developing affordable solutions that can be used in other application sectors, such as utilities and transportation.


Further key findings from the study suggest:
  • Handheld explosive trace detectors offer visual and audio alerts. Therefore, the segment is expected to exhibit the highest CAGR over the forecast period
  • Demand for explosive trace detectors is expected to increase in the public safety and law enforcement segment owing to benefits such as real-time 3D color images offered by these detectors
  • Asia Pacific is expected to emerge as the fastest-growing region over the forecast period due to increased adoption of explosive trace detectors by the transportation and logistics sector in the region
  • Prominent industry participants include Chemring Group; FLIR Systems, Inc.; L3 Technologies, Inc.; OSI Systems, Inc.; and Smiths Detection Inc.
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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Air Conditioning Systems Market Worth Scope $195.65 Billion By 2025

San Francisco, 27 Sep 2019 - The global air conditioning systems market size is expected to reach USD 195.65 billion by 2025, registering a CAGR of 9.9% from 2019 to 2025 according to a study conducted by Grand View Research, Inc. Factors such as increasing international tourism, growing consumer spending on home improvement, and introduction of energy-efficient systems, coupled with the rising popularity of green cooling concepts, are expected to drive the market growth over the forecast period.



Global events usually pave the way for extensive construction projects, such as the establishment of new buildings and improvement of existing infrastructure. These projects aim at accommodating and catering to the needs of international tourists & visitors or working professionals and providing them enhanced facilities. For instance, the 2020 Summer Olympics event, expected to be held in Tokyo, is expected to drive the construction and development of ample commercial, residential, and lodging spaces in the city before the event commences. Similarly, in Dubai, the government is expected to make significant investments in infrastructure development to accommodate the large number of visitors expected to be attending the Expo 2020, a universal exposition. This, in turn, is creating an increased demand for air conditioners.

The competitive landscape of the market is highly consolidated and characterized by high competition with the presence of key players such as Carrier Corporation, Haier Inc., Electrolux, Ingersoll-Rand plc, and DAIKIN INDUSTRIES, LTD. These players are engaged in mergers and acquisitions to enhance their market presence. For instance, in January 2018, Ingersoll Rand plc and Mitsubishi Electric Corporation signed a contract to create a joint venture to enhance the marketing, sales, and distribution of VRF and ductless heating and air conditioning systems. Under the partnership, the companies will distribute their products under the American Standard and Trane brands using the latter’s corporate logo and the former’s distribution channels.


Further key findings from the study suggest:
  • The Packaged Terminal Air Conditioners (PTAC) segment is expected to register a CAGR of over 4.0% from 2019 to 2025 in terms of volume. This growth of the segment can be attributed to their increasing adoption in hospitality and residential sectors
  • In terms of technology, the inverter segment is expected to experience significant growth over the forecast period owing to its ability to control the speed of the compressor motor, which helps in continuous regulation of temperature. This variable speed compressor helps in saving 50% more energy and power as compared to non-inverter air conditioners
  • The commercial end-use segment accounted for nearly 20% of the overall market share in 2018. The segment is also anticipated to witness substantial growth over the forecast period owing to the rapid industrialization in various North American and European countries
  • The air conditioning systems market for North America is expected to exhibit a CAGR of over 6% from 2019 to 2025 in terms of revenue. With high penetration of air conditioners in developed economies such as the U.S., the region is expected to experience growth owing to increasing demand for replacement and refurbishment of existing systems.
Grand View Research has segmented the global air conditioning systems market based on type, technology, end use, and region:

Air Conditioning Systems Type Outlook (Revenue, USD Billion; Volume, Thousand Units, 2014 - 2025)
  • Unitary
  • Rooftop
  • PTAC
Air Conditioning Systems Technology Outlook (Revenue, USD Billion; Volume, Thousand Units, 2014 - 2025)
  • Inverter
  • Non-inverter
Air Conditioning Systems End-Use Outlook (Revenue, USD Billion; Volume, Thousand Units, 2014 - 2025)
  • Residential
  • Commercial
  • Industrial
Air Conditioning Systems Regional Outlook Revenue, USD Billion; Volume, Thousand Units, 2014 - 2025)
  • North America
    • S.
    • Canada
  • Europe
    • K.
    • Germany
    • France
  • 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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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Shock Sensors Market Is Projected To Reach $1.73 Billion By 2025

San Francisco, 27 Sep 2019 - The global shock sensor market size is expected to reach USD 1,726.7 million by 2025, registering a CAGR of 17.2% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The increasing use of shock sensors in oil & gas exploration activities and products such as laptops, ATMs, bank vaults, burglar alarms, and sports & safety helmets is expected to remain the key factor driving their demand over the forecast period. The increasing number of smart city initiatives undertaken across different countries is expected to further fuel the shock sensors market growth.



Shock sensors are compact in size as well as affordable. These benefits are leading to their large-scale use by buyers in the consumer electronics segment. They are also deployed inside cars and homes, wherein any kind of forced entry or a slight tap triggers an alarm. Moreover, they are user-friendly and consumers can operate and track the alarm performance using a laptop or a smartphone. These easy-to-use features are leading to a surge in their demand.

Furthermore, shock sensors are widely used in sports helmets. They are embedded in helmets and mouth guards to record impacts whenever players injure themselves and play a crucial role in determining the nature of the injury, thereby helping doctors/health experts decide the best course of treatment. The data emitted by these sensors is transferred to smartphones or a connected computing device, which helps offer timely medical assistance. For instance, i1Biometrics, a Washington-based company, manufactures a variety of shock sensors designed specifically to be attached to helmets for rendering timely assistance to sportspersons.

There has been a growing need for protecting shipped goods from damages caused during transit. This is one of the major factors expected to drive the market growth over the forecast period. Additionally, the demand for shock sensors is increasing in Asia Pacific, Alaska, and Africa owing to the steady growth in oil & gas exploration activities in these regions. The shock sensors used for various applications in the oil & gas industry are rugged and can withstand harsh environments with very high temperatures.

The major players have been shifting their focus on research & development activities aimed at the development of new technologies and fine-tuning their existing products to sustain the growing competition. The manufacturers also offer a few key add-on services such as maintenance services and the add-on software analytics used to measure shocks. These measures are enabling manufacturers to maintain their market positions.

Further key findings from the report suggest:
  • Aerospace segment is anticipated to register the highest CAGR from 2019 to 2025 owing to the growing use of sensors for recording and monitoring vibrations in hazardous environments
  • The strain gage segment is anticipated to register the highest CAGR of 20.6% from 2019 to 2025 owing to the increasing adoption of strain gage shock sensors as primary sensors
  • The Asia Pacific regional market is anticipated to reach USD 545.6 million by 2025 owing to the increase in aerospace and defense budgets of countries such as India and China
  • Key industry participants include TE Connectivity; Murata Manufacturing Co., Ltd.; PCB Piezotronics Inc.; Honeywell International, Inc.; Dytran Instruments Inc.; Mobitron AB; Meggitt SA; Spotsee; IMI Sensors; SignalQuest, LLC; Climax Technology Co. Ltd.; and i1Biometrics. 
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.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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VOC Gas Sensors Market Is Projected To Reach $186.7 Million By 2025

San Francisco, 26 Sep 2019 - The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.



A VOC gas sensor is an electronic device that detects the presence of gases such as benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area and is often integrated into a safety system. These sensors are integrated into leak detection devices and consume low power.Technological developments, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.

VOC sensors are widely used in air monitoring devices to observe emission levels owing to their unique properties such as high sensing performance, portability, and compact size among others. However, these sensors still exhibit limitations such as poor selectivity and lack high operating temperatures. Hence, to counter these challenges, companies are coming up with advanced MEMS sensors to overcome the limitations.

The infrared-based VOC gas sensor is anticipated to witness substantial growth as it enables the accurate measurement of a wide variety of VOC gases with benefits such as instantaneous results, ease of operation, and low cost. Moreover, increased adoption of VOC gas sensors can be attributed to the high need for safety in the oil and gas sector. This is anticipated to further create growth opportunities for the volatile organic compound gas sensors market.


Further key findings from the report suggest:
  • Stringent regulations such as the World Health Organization (WHO) Air Quality Guidelines for Europe have specified the permissible levels of formaldehyde, toluene, and tetrachloroethylene gases that are released in the atmosphere as a result of industrial processes
  • Single gas detection sensors are majorly used in automotive applications and are widely used for the detection of VOC gases such as combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others
  • PID sensors can detect concentrations of explosives and hydrocarbons below the Lower Explosive Limit (LEL). Therefore, they are ideal for applications such as monitoring and controlling of decontamination and leak detection in closed rooms and confined spaces
  • The use of VOC sensors is growing at a rapid pace for real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment
  • Key players in the VOC gas sensors market include ABB Ltd., Siemens AG, Aeroqual Limited., Alphasense, City Technology Ltd., Bosch Sensortec, and SGX Sensortech among others
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.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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OCR Market Is Poised To Reach $13.38 Billion By 2025

San Francisco, 26 Sep 2019 - The global optical character recognition market size is expected to reach USD 13.38 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 13.7% from 2019 to 2025. Increasing investments in Optical Character Recognition (OCR) startup companies and adoption of OCR across diversified industry verticals is projected to drive the OCR market growth.



Digitalization plays a critical role in changing the way organizations operate. It has helped companies improve efficiency of their business processes. Enterprises are investing large amounts in technologies that can help them digitalize their work process and increase productivity. Since data is a critical element for an organization, adoption of technologies such as OCR, which enables users to convert text data in different types of documents and images into editable or accessible formats, has increased. OCR solutions are integrated with a wide range of technologies such as robotic process automation and Artificial Intelligence (AI) to enhance their capabilities.

Integration of artificial intelligence with optical character recognition has helped companies in leveraging technological capabilities of artificial intelligence such as deep learning and multi-level analysis for the more efficient processing of documents, texts, and other data in a way similar to that of humans. These advanced technologies also help to address inaccuracies that occur in OCR, thereby providing streamlined fault management. This, in turn, helps reduce costs of processing documents and increase efficiency within the organization.

Vendors across diversified industry verticals, such as retail, banking, and healthcare, are widely adopting OCR technology. In terms of vertical, BFSI accounted for the largest OCR market share in 2018, owing to the increasing use of the technology in business transactions and scanning checks and other critical documents. The demand for OCR in healthcare sector is expected to grow moderately over the forecast period.

North America market accounted for the largest market share of 39.39% in 2018 owing to the early and rapid adoption of advanced technologies across MNCs in the region. Asia Pacific optical character recognition market, on the other hand, is likely to provide promising growth opportunities and is anticipated to register the highest CAGR of 16.7% over the forecast period.


Further key findings from the report suggest:
  • Significant increase in investment for advancement of OCR in startup companies is expected to remain one of the key driving factors
  • Emergence of new technologies such as computer vision, machine learning, and artificial intelligence is unfolding new opportunities for industry growth
  • North America led the global optical character recognition market in 2018. Asia Pacific is projected to register the highest CAGR of 16.7% from 2019 to 2025
  • Key competitors are Google LLC; Adobe; International Business Machines Corporation; Microsoft Corporation; ABBYY; Anyline GmbH; Captricity Inc. (Vidado); CC Intelligence Corporation; Creaceed SPRL; CVISION Technologies Inc.; LEAD Technologies Inc.; Nuance Communication Inc.; Exper-OCR, Inc.; and Iris S.A.
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.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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NB-IoT Market Is Expected To Expand At A $6.02 Billion By 2025

San Francisco, 26 Sep 2019 - The global narrowband-Iot (NB-IoT) market size is expected to reach USD 6,020.2 million by 2025, registering a CAGR of 34.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The growing demand for deployment of innovative technologies to track and monitor assets and people accurately in line with the smart city initiatives being pursued aggressively all around the world is expected to drive the growth of the market. Other factors, such as low power consumption, lower component costs, and wider coverage, are also expected to contribute toward the growth of the market.



Narrowband-IoT, which is also known as LTE Cat NB1, happens to be a Low Power Wide Area (LPWA) network technology standard used to connect a wide range of smart sensors and devices using a wireless cellular network. NB-IoT devices operate in the licensed spectrum and ensure secure and reliable connectivity to end users.

Incumbents of the automotive industry are responding to the passengers’ safety concerns by adopting emerging technologies that can potentially offer safer, convenient, and efficient transportation. As such, the use of Narrowband-IoT in the automotive industry is growing rapidly owing to the capability of NB-IoT to accurately track vehicles, identify and avoid highway congestions, and subsequently contribute toward effective traffic management. The looming commercialization of the upcoming connected and autonomous vehicles is also expected to play a key role in driving the growth of the NB-IoT market over the forecast period.

Energy and utility companies are widely adopting the NB-IoT technology for smart meters to remotely monitor the usage of power, water, and gas in residential and commercial buildings, and to obtain the usage data for issuing monthly bills. The usage data also helps energy and utility companies in tracking the consumption and formulating energy-saving strategies accordingly.


Further key findings from the study suggest:
  • The module segment is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing number of IoT applications and declining manufacturing costs of NB-IoT modules
  • The tracker segment is anticipated to gain traction over the forecast period owing to the growing use of trackers for tracking and monitoring production processes and assets, particularly those which are difficult to monitor manually
  • The wearables segment is expected to witness the fastest growth over the forecast period due to the increasing demand for wearables such as fitness wristbands to monitor exercise activities and health monitoring devices to monitor the health status, as well as other dedicated wearables to track children and elderly people for safety purposes
  • Asia Pacific is expected to register the highest CAGR from 2019 to 2025 owing to the rapidly growing demand for wearables and smartphones in line with the continued urbanization and various smart city initiatives being undertaken
  • Key players operating in the NB-IoT market include AT&T; Huawei Technologies Co., Ltd.; Qualcomm Technologies, Inc.; Cellco Partnership (Verizon Wireless); MediaTek Inc.; T-Mobile US, Inc.; Intel Corporation; Nokia; Vodafone Group PLC; Sequans; Telefonaktiebolaget LM Ericsson; and Altair Semiconductor.
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.

Contact:Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Information: www.grandviewresearch.com
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mHealth Apps Market Is Projected To Reach $236.0 Billion By 2026

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