Automotive Tire Market Size To Reach $374.22 Billion By 2024 Due To Increasing Automotive Sales

San Francisco, 25 Mar 2019 - “Automotive Tire Market Analysis By Type (Radial and Bias), Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Two Wheelers) And Segment Forecasts To 2024” - The global automotive tire market size is expected to reach USD 374.22 billion by 2024 according to a new report by Grand View Research, Inc. Increasing automotive sales especially in countries such as China, India, Japan, and South Korea is anticipated to favorably impact the global automotive tire market over the forecast period. This growth can be attributed to rising disposable income and improvement in the overall lifestyle of consumers.

Asia Pacific Automotive Tire Market Revenue by Type, 2014 - 2024 (USD Billion)

Technological proliferation and the development of the innovative and environment-friendly green tires have opened up broad growth avenues for the industry participants. Moreover, increasing radial tire up gradation activities owing to its benefits such lesser vibrations, reduced fuel consumption and extended tire life due to less heat generated has favorably impacted the industry growth.

However, stringent emission norms by governments and regulatory authorities worldwide are expected to challenge demand. For example, on September 1, 2010, the California Air Resources Board’s (ARB’s) Tire Pressure Regulation was formulated to reduce greenhouse gas emissions from vehicles operating with underneath inflated tires by inflating them to the suggested pressure rating.

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

Further key findings from the report suggest:

• Two wheelers segment is anticipated to grow at CAGR of over 7.5% from 2016-2024. Increasing demand for two-wheelers across the developing countries such as India and China will contribute to the segment growth.
• Increasing manufacturing and infrastructure building activities have spurred the sales of light commercial vehicles (LCV). Growing number of LCVs in Europe has led EU regulatory bodies and OEMs to enhance and improve the safety aspects of LCVs. The passenger car segment dominated the industry with over 40% revenue share in 2015 owing to the increasing advancements and innovations such as Plug-in cars.
• The tire industry has witnessed a remarkable shift from the traditional to the technically advanced radial products. Radialisation of the truck tire market is anticipated to fuel the demand over the forecast period. In 2012, manufacturers in China produced over 50% of the global radial truck tires industry.
• Stringent government guidelines worldwide are expected to regulate the global automotive tire market over the coming years. Asia Pacific dominated the industry contributing to over 40% of the global revenue in 2015. The presence of several prominent automobile manufacturers and ancillaries in the region is expected to generate high demand over the forecast period.
• Key industry participants include Bridgestone, Continental, Goodyear, Michelin, Pirelli and Sumitomo. Manufacturers are gradually adopting innovative production techniques to gain a competitive advantage over others. Vendors are now adopting modern supply chain and distribution strategies such as e-commerce and retail chains to reach efficiently the end-user apart from the conventional supply to automobile assemblers and aftermarket industry.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/technology

Grand View Research has segmented the global automotive tire market on the basis of application, type and region:

Automotive Tire Application Outlook (Revenue, USD Billion, 2014 - 2024)

• Passenger cars
• LCV
• HCV
• Two wheelers

Automotive Tire Type Outlook (Revenue, USD Billion, 2014 - 2024)

• Radial
• Bias

Automotive Tire Regional Outlook (USD Billion, 2014 - 2024)

• North America
• Europe
• Asia Pacific
• ROW

Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-automotive-tire-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

Micro Turbine Market Is Estimated To Generate Revenue Of $339.7 Million By 2024: Grand View Research, Inc.

San Francisco, 26 Mar 2019 - “Micro Turbine Market Analysis By Application (Combined Heat & Power, Standby Power), By Power Rating (12 kW -50 kW, 50 kW-250 kW, 250 kW-500 kW), By End-Use (Industrial, Commercial, Residential) And Segment Forecasts To 2024”  - The global micro turbine market is expected to reach USD 339.7 million by 2024, according to a new report by Grand View Research, Inc. Micro turbines have been gaining advantage globally on account of their compact size and high-efficiency levels. 

The technology is an ideal solution for generating clean energy in the environment. Cost effectiveness coupled with waste fuel utilization have been the major factors driving the global Micro Turbine Market. 

U.S. Micro Turbine Market revenue by application, 2014 - 2024 (USD Million)

Changing grid operations are anticipated to establish as key industry opportunity for the product development. Increasing potential for greener energy solution is also expected to further augment industry revenue in over the forecast period. Growing investment initiatives to develop new generating capacity coupled with stringent environmental regulatory framework is anticipated to further enhance overall market growth in near future. 

Combined heat & power was the leading application segment and accounted for over 55% of total market revenue in 2015. Increasing initiatives to reduce global warming levels and installation of CHP is expected to drive this segment over the forecast period.

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

Further key findings from the report suggest:

• 50 kW-250 kW emerged as the leading power rating sector and is anticipated to witness high demand in hybrid electric vehicle manufacturing. The segment accounted for 38.3% of total market revenue in 2015. It is also expected to witness the highest growth of 11.1% over the forecast period.
• Industrial was the leading end-user and accounted for over 50% of total market revenue in 2015. Micro turbines find application in construction, oil & gas, mining, waste water treatment and pharmaceutical industries. Expanding product application in waste water treatment is expected to establish as growth opportunity for this segment.
• North America was the leading regional market and accounted for 37.7% of global revenue in 2015. Shale gas boom in the region is expected to significantly contribute towards industry enhancement in the near future. Nuclear plants decommission coupled with strict environmental regulations are anticipated to augment European market over the forecast period.
• Major companies include Bladon Jets, Capstone Turbine Corporation, Microturbine Technology BV, Calnetix Technologies LLC., ICR Turbine Engine Corporation, Eneftech Innovation SA, Brayton Energy LLC, Toyota Motor Corporation, Flexenergy, Inc, Ansaldo Energia S.P.A., NewEnCo. and Wilson Solarpower Corporation. 

Grand View Research has segmented the micro turbine market on the basis of application, power rating, end-use and region:

Global Micro Turbine Application Outlook (Revenue, USD Million, 2014 - 2024)

• Combined Heat & Power (CHP)
• Standby Power

Global Micro Turbine Power Rating Outlook (Revenue, USD Million, 2014 - 2024)

• 12 kW -50 kW
• 50 kW-250 kW
• 250 kW-500 kW

Global Micro Turbine End-Use Outlook (Revenue, USD Million, 2014 - 2024)

• Industrial
• Commercial
• Residential

Global Micro Turbine Regional Outlook (Revenue, USD Million, 2014 - 2024)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Russia
• Asia Pacific
  • Australia
  • China
  • Malaysia
• Central & South America
  • Brazil
  • Colombia
• Middle East and Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-micro-turbine-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

Conductive Ink Market Size Would Be $4.37 Billion By 2024: Grand View Research, Inc.

San Francisco, 26 Mar 2019 - “Conductive Ink Market Analysis By Product (Conductive Silver Ink, Conductive Copper Ink, Conductive Polymer, Carbon Nanotube Ink, Dielectric Ink, Carbon/Graphene Ink), By Application (Photovoltaic, Membran eSwitches, Displays, Automotives, Smart Packaging/RFID, Biosensors, Printed Circuit Boards) And Segment Forecasts To 2024” - The global conductive ink market is expected to reach USD 4.37 billion by 2024, according to a new report by Grand View Research, Inc. Robust demand for miniaturization coupled with efficiency in the electronics industry is expected to fuel the global conductive ink market over the forecast period. These inks are also likely to replace bulky energy consuming wire and circuits in the future. Conductive inks are smaller in size and provide better durability & efficiency as compared to traditional wire circuits.

                         U.S. conductive ink market revenue by product, 2014 - 2024 (USD Million)

Factors such as lack of product education, advertisements and information sharing on the part of the manufacturers are expected to critically impact the total market over the forecast period. Researchers and renowned brand owners are trying to overcome these difficulties through the help of media, which is anticipated to create new avenues for industry participants.

In recent years, silver conductive inks have been widely used for various applications owing to its excellent printability and conductivity. However, high prices coupled with scarce availability have forced the manufacturers to introduce its alternatives, which are relatively less expensive, and exhibits same qualities as silver. Copper-based & graphene-based conductive inks are less costly and free from aggregation & oxidation problems.

Moreover, recent advances are being made by manufacturers to introduce newer formulations containing minimal silver formulations. ABLESTIK ECIV-1001, primarily used in automobile application, is a traditional conductive silver ink which is inexpensive and has less silver content.

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

Further key findings from the report suggest:

• Conductive ink usage in display technology is presumed to grow at an estimated CAGR of 4.1% over the next eight years. This technology is widely used in smart phone innovations and other electronic devices. The increased levels of resolutions coupled with better picture density have resulted in the growth of conductive inks. Silver inks are being widely used in flexible circuitry display devices.
• Asia Pacific emerged as the most dominant regional market and accounted for over70% of total market revenue in 2015. The regional growth can be attributed to the continuous expansion of consumer electronics, printed electronics, and photovoltaic application segment.
• The global conductive ink market is consolidated in nature as a handful number of industry participants holding a major share of the overall market. Industry participants include Polyink, Novacentix, Creative Material, Inc., Sun Chemical Corporation, Voxel 8, and Johnson Matthey Color Technology.

Grand View Research has segmented the global conductive ink market on the basis of product, application, and region:

Global Conductive Ink Product Outlook (USD Million, 2014 - 2024)

• Conductive silver ink
• Conductive copper ink
• Conductive Nanotube ink
• Di electric ink
• Carbon/graphene ink
• Conductive polymer
• Others

Global Conductive Ink Application Outlook (USD Million, 2014 - 2024)

• Photovoltaic
• Membrane switches
• Displays
• Smart packaging
• Printed circuit boards
• Biosensors
• Automotives
• Others

Global Conductive Ink Regional Outlook (USD Million, 2014 - 2024)

• North America
  • US.
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

Browse Press Release of this Report:  www.grandviewresearch.com/press-release/global-conductive-ink-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

Plastic Dielectric Films Market Revenue Is To Be $1.39 Billion By 2025 With CAGR 3.6%

San Francisco, 25 Jan 2019 - “Plastic Dielectric Films Market Size, Share & Trends Analysis Report By Product (PTEF, PEN, PET, PP, PPS & PVDF), By Application (Electrical & Electronics, Automobile, Solar & Wind Energy System), And Segment Forecasts, 2019 - 2025” The global plastic dielectric films market size is expected to reach USD 1.39 billion by 2025 registering a CAGR of 3.6% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by growing product demand from renewable energy system and electrical and electronics industry in the Asia Pacific (APAC). The product is widely used as an insulating material in various electrical and electronics applications.

Presence of major electrical and electronics manufacturing companies, such as Toshiba, Samsung, and Sony, in the region is also propelling the product demand. Companies from Northeast Asian countries, such as China, India, and Japan, are pushing to grow in key sectors pertaining to raw material extraction, manufacturing, and services. Since the past few years, the manufacturing industry in APAC has been attracting significant investments from leading MNCs, which is contributing to the market growth.

These films provide low thermal resistance, high-pressure resistance, minimal application pressure, resistance of hazardous substance compliance (RoHS), thereby augmenting their demand in applications, such as smartphones, tablets, smart wearables, and smart home appliance. Polypropylene (PP) is one of the prominent product type segments. PP dielectric films have properties, such as high breakdown strength, high insulation resistance, low dissipation factor, and low dielectric absorption.

These properties make them suitable for use in a wide range of applications in high voltage DC & AC systems, snubber circuits, high current DC applications, and high-frequency AC systems. Capacitors made of Polypropylene (PP) films are ideal for use in multiple ranges of temperature. On account of their unique temperature characteristics, PP capacitors are widely used as a substitute of polyester capacitors as the capacitance of the latter diminishes with decreasing temperature. However, PP and Polyethylene Terephthalate (PET) can also be used together, parallelly, in a capacitor.

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

Further key findings from the study suggest:

• APAC is expected to be the largest regional plastic dielectric films market during the forecast period from 2019 to 2025
• India is the fastest-growing country in the APAC region on account of the growing automotive industry
• The PET segment is likely to register the highest CAGR of over the forecast years owing to rising demand for PET in various applications
• Companies in the market have undertaken several strategic initiatives to increase their market share
• For instance, in June 2018, SABIC introduced two new gauges of UTF120 Polyetherimide (PEI) dielectric film for high temperature, professional-grade capacitor applications

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global plastic dielectric films market on the basis of product, application, and region:

Plastic Dielectric Films Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
• Polytetrafluoroethylene (Teflon) (PTFE)
• Polyethylene Naphthalate (PEN)
• Polyphenylene Sulfide (PPS) & Polyvinylidene Difluoride (PVDF)

Plastic Dielectric Films Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Electrical & Electronics
• Solar & Wind Energy System
• Automobiles
• Aircrafts
• Others

Plastic Dielectric Films Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-plastic-dielectric-films-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

Brushless DC Motor Market Is Predicted To Reach $23.82 Billion By 2025

San Francisco, 22 Mar 2019 - “Brushless DC Motor Market Size, Share, & Trends Analysis Report, By Voltage (0 - 750 watt, 750 watt - 3kW, 3kW - 75 kW, 75kW and above), By End Use (Industrial Machinery, Motor Vehicles), And Segment Forecasts, 2019 - 2025” - The global brushless dc motor market size is expected to reach USD 23.82 billion by 2025, registering a CAGR of 6.5% over the forecast period, according to a study conducted by Grand View Research, Inc. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Low maintenance and operational costs and rising adoption of Electric Vehicles (EVs) are some of the key factors driving the market. The emergence of sensor-less controls for brushless DC type is likely to help enhance the product durability and reliability, thereby reducing the number of mechanical misalignment, electrical connections, as well as the product weight and size. These factors are estimated to drive the market further over the forecast period. Furthermore, growing production of vehicles due to escalating demand across the globe is anticipated to have a positive impact on the industry development.

Brushless DC motors are used in motor vehicle applications, such as in sunroof systems, motorized seats, and adjustable mirrors. These motors are also being used for performance applications in vehicles, such as chassis fittings, power-train systems, and safety fittings, owing to simple structure, less maintenance requirements, and extended operational life. Thus, widespread usage of these motors by automobile industry is anticipated to fuel the market growth over the years to come. The product is also used in EVs in mechatronic systems, primarily in batteries for accumulators and power electronic converters, owing to its advantages including high operating speed, compact size, and quick response time. Production of EVs is also on rise globally supported by the government initiatives encouraging the use of non-conventional fuels to reduce the adverse impacts of carbon emissions. These factors are also estimated to contribute to the industry growth.

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

Further key findings from the study suggest:

• The brushless DC motor market is expected to witness a steady growth over the coming years on account of the benefits offered by the product including better durability and less maintenance
• 0 - 750 Watt brushless DC motors is expected to witness rapid growth from 2019 to 2025 on account of their widespread usage in automobile and household devices applications
• Increased production of automobiles and EVs across the globe is anticipated to positively impact the market growth over the forecast period
• Industrial machinery segment held more than 20% of the market in 2018. Numerous industrial machines deploy brushless DC motors due to their high efficiency and low maintenance costs and power consumption
• Asia Pacific is expected to emerge as the fastest-growing regional market with a CAGR of 7.9% over the forecast period
• Rapid industrialization in developing economies of APAC, such as China and India, has fueled the adoption of brushless DC motors
• Some of the key companies in the market are ABB Ltd.; Ametek, Inc.; Johnson Electric Pvt. Ltd.; and Nidec Motor Corp. Numerous companies are focusing on developing low-maintenance and eco-friendly products in order to gain a competitive edge

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global brushless DC motor market on the basis of voltage, end use, and region:

Brushless DC Motor Voltage Outlook (Revenue, USD Million, 2014 - 2025)

• 0 - 750 Watts
• 750 Watts to 3 kW
• 3 kW - 75 kW
• 75 kW and Above

Brushless DC Motor End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Industrial Machinery
• Motor Vehicles
  • Safety
  • Comfort
  • Performance
• HVAC Equipment
• Aerospace & Transport
• Household Appliances
• Others

Brushless DC Motor Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-brushless-dc-motors-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

Nasal Drug Delivery Systems Market Is Predicted To Uplift Around $67.99 Billion By 2025

San Francisco, 19 Mar 2019 - “Nasal Drug Delivery Technology Market Analysis Report By Therapeutic Application (Asthma, Rhinitis), By Dosage Form (Powder, Gel, Spray, Drops), By Container Type, And Segment Forecasts, 2019 - 2025” The global nasal drug delivery systems market size is expected to reach USD 67.99 billion by 2025 expanding at 6.5% CAGR, according to a new report by Grand View Research, Inc. Rising awareness about nasal products is one of the major factors driving the market. Growing geriatric population is also expected to have positive impact on the market. According to the United Nations Department of Economic and Social Affairs, the global geriatric population (60 years and above), was around 962 million in 2017. The number is expected to grow, particularly in Latin America with 71% rise in population aged 60 and over, followed by Asia (66%), Africa (64%), North America (41%), and Europe (23%).

Moreover, ongoing product development and their expected commercialization will propel market growth over the forecast period. For instance, In April 2018, Dr. Reddy’s Laboratories, along with its subsidiary Promius Pharma, LLC, announced filing of their New Drug Application (NDA) for DFN-02, for the treatment of migraine. Increasing adoption of self-administration practices and focus on other alternative routes of drug delivery, such as nasal drug delivery, also offer growth opportunities for the market. Some of the key companies in the industry are AstraZeneca PLC; OptiNose, Inc.; Pfizer, Inc.; Becton, Dickinson and Company; Promius Pharma LLC; B.F. Ascher & Company, Inc.; and Cadila Pharmaceuticals Ltd.

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

Further key findings from the study suggest:

• Nasal sprays led the dosage type segment in 2017 due to increased prevalence of asthma and other infectious diseases
• On the other hand, nasal drops segment witnessed the fastest growth in 2017 owing to availability of cost-effective products with better efficacy
• Non-pressurized containers segment led the market in 2017 due to continous development in nasal powders and gel products
• Asthma was the dominant therapeutic application segment in 2017 and is estimated to be the fastest-growing segment with a CAGR of 7.0% during the forecast years due to increasing disease prevalence
• Geographically, North America held the largest share in 2017. Asia Pacific is estimated to witness the fastest CAGR of 7.5% due to presence of key companies, such as Cipla Inc.
• Some of the leading companies in the global nasal drug delivery technology market are GlaxoSmithKline PLC; AstraZeneca PLC; Pfizer, Inc.; OptiNose, Inc.; Becton, Dickinson and Company; Promius Pharma, LLC; Cadila Pharmaceuticals Ltd.; B.F. Ascher & Company, Inc.; PendoPharm, Inc.; Douglas Pharmaceuticals Ltd.; ENT Technologies Pty. Ltd.; and NAVEH Pharma Ltd.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the global nasal drug systems market on the basis of dosage forms, container type, therapeutic application, and region:

Nasal Drug Delivery Systems Dosage Forms Outlook (Revenue, USD Billion, 2014 - 2025)

• Spray
• Drops
• Gel
• Powder

Nasal Drug Delivery Systems Container Type Outlook (Revenue, USD Billion, 2014 - 2025)

• Pressurized Container
• Non-pressurized Container

Nasal Drug Delivery Systems Therapeutic Application Outlook (Revenue, USD Billion, 2014 - 2025)

• Nasal Congestion
• Rhinitis
• Asthma
• Others

Nasal Drug Delivery Systems Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-nasal-drug-delivery-technology-system-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

Indoor LBS Market Is Estimated To Generate $18.74 Billion By 2025 With CAGR: 43.3%

San Francisco, 19 Mar 2019 - “Indoor Location-based Services (LBS) Market Analysis Report By Product, By Technology (RFID and NFC, Wi-Fi/WLAN and BT/BLE), By Application (Tracking, Proximity, Navigation), By End Use, And Segment Forecasts, 2019 - 2025” - The global indoor lbs market size is expected to reach USD 18.74 billion by 2025, according to a new study by Grand View Research, Inc., rising at a CAGR of 43.3% during the forecast period. Growing use of location-based services in the retail industry for marketing applications in expected to stimulate the growth of the market over the forecast period.

Industry players are increasingly striving towards providing real-time location services to customers, which is expected to stimulate market growth. Moreover, the use of 3D platforms to provide real-time information is allowing companies to improve their productivity. Indoor location-based services are also being implemented for public safety, whereby individuals can inform authorities about their location using their mobile devices.

Increasing penetration of mobile devices across various regions is expected to propel the market. Regions, such as North America and Europe, where smartphone penetration has surpassed 73.0%, are opening lucrative opportunities for companies to promote their products or services via location alerts and push messages on mobile devices. At the same time, developing regions, such as Asia Pacific, are also anticipated to fuel the demand for LBS for marketing initiatives.

Growth in location-based services is expected to benefit the retail industry. Retailers are using LBS to increase customer engagement by providing customers with information about their products and discounts whenever customers get in the vicinity of retail store. Retailers are also using LBS to gain insights on customers’ response to a particular promotional initiative and to tailor their marketing strategies accordingly.

There are several established as well as smaller players that offer location-based services. Larger enterprises focus on innovation and new product development whereas smaller companies provide deployment solutions and product services.

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

Further key findings from the study suggest:

• The RFID and NFC segment is expected to emerge as the fastest growing technology segment, expanding at a CAGR of 47.4% over the forecast period. The growth of the segment can be attributed to rising prominence of wireless modes of communication
• North America accounted for the largest market share in terms of revenue and is expected to reach USD 7.65 billion by 2025. Prominent players such as Microsoft Corporation and Google Inc., who hold expertise in location-based services, are based in the region
• Proximity beacons are anticipated to emerge as the fastest growing product segment, exhibiting a CAGR of 48.0% over the forecast period. Rising use of proximity beacons for marketing and advertising purposes by retailers worldwide is escalating the growth of the segment
• Based on application, proximity is projected to be the fastest growing application segment over the forecast period. It is estimated to reach USD 5.66 billion by 2025. Increasing usage of internet-enabled mobile devices is poised to fuel the demand for the segment
• The retail segment is anticipated to register the highest CAGR of 47.1% during the same period. This growth can be attributed to growing competition among retail outlets for engaging larger number of visitors
• Key industry participants include Apple Inc.; Cisco Systems Inc.; GloPos Technologies; Google Inc.; HERE Holding Corporation; Inside Secure Corporation; IndoorAtlas Ltd; Micello, Inc.; Microsoft Corporation; Ruckus Wireless, Inc., Navizon Inc.; Qualcomm Inc.; Shopkick, Inc., YOOSE Pte. Ltd., and Sprooki Pte Ltd. 

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global indoor LBS market based on products, technologies, applications, end use, and regions: 

Indoor LBS Product Scope (Revenue, USD Million, 2014 - 2025)

• Analytics and Insights
• Automotive Services
• Campaign Management
• Consumer Services
• Enterprise Services
• Location and Alerts
• Location-based Advertising Services
• Maps
• Precision Geo-targeting
• Proximity Beacons
• Secure Transactions and Redemptions

Indoor LBS Technology Scope (Revenue, USD Million, 2014 - 2025)

• Context Aware Technology
• OTDOA and E-OTDOA
• RFID and NFC
• Satellite, Microwave and Infrared Sensing
• Wi-Fi/WLAN, UWB, BT/BLE, Beacons, and A-GPS

Indoor LBS Application Scope (Revenue, USD Million, 2014 - 2025)

• Monitoring
• Navigation
• Proximity
• Tracking
• Others

Indoor LBS End-use Scope (Revenue, USD Million, 2014 - 2025)

• Aerospace and Defense
• BFSI
• IT and Telecommunication
• Energy and Power
• Government
• Healthcare
• Hospitality
• Retail
• Transportation & Logistics
• Others

Indoor LBS Regional Scope (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates (U.A.E.)

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-indoor-location-based-services-lbs-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