Wireless Charging Market Worth Scope Of $22.25 Billion By 2022

San Francisco, 29 Aug 2019 - The global wireless charging market is projected to reach USD 22.25 billion by 2022. Increase in the demand for hassle-free charging pads is driven by factors including entangling of charging cable, insufficient availability of electric sockets in public places and malfunctioning ports due to continuous usage. These key factors are expected to increase the popularity of wireless power systems. Adoption of this technology in sectors such as healthcare and military services is expected to offer new horizons for market growth and provide new opportunities to expand. 



Compatibility issues with solution standards set up by wireless charging associations, namely Wireless Power Consortium (WPC) and Air Fuel Alliance, are expected to pose a challenge for the manufacturers and distributors over the coming years. Key market players including Samsung, Qualcomm, and Broadcom act as members of these associations and play a vital role in the development of innovative technologies. 

Inductive technology dominated the market with a share of over 50.0% in 2014 owing to increasing demand from Electric Vehicles (EVs) and widespread application of WPC’s Qi platform in consumer durables and electronics. 
RF technologies are expected to witness rapid growth and capture market share of inductive technology over the forecast period. The major advantage of Resonant technology is its capability to charge multiple devices simultaneously thereby gaining an edge over RF technology which is tailored for small devices such as medical implants and wearables. 


Consumer electronics accounted for over 60.0% share in 2014 owing to increase in adoption of this technology in tablets and smartphones. The healthcare sector is estimated to witness a growth rate of over 40.0% from 2015 to 2022. Deployment of ultra-small devices such as sensory instruments and cybernetic implants into the body has become a simplified procedure owing to its ability to be charged wirelessly. Extensive R&D related to the development of new methodologies and techniques for wireless charging by numerous organizations namely Stanford University is expected to propel growth over the forecast period. 

Asia Pacific accounted for a significant share of the global market, which can be attributed to rising demand for smart devices such as tablets and smartphones and increase in demand for electric vehicles in the region. Western Europe and the U.S. form the key regional markets on account of growing consumer preference and inclination to spend on quality consumer electronic products designed for the niche segment. Increasing adoption of powering mats and charging hotspots for consumers by global food chains including McDonalds and Starbucks is expected to have a positive impact on demand. 

Africa and Latin America are untapped markets and are projected to observe the high adoption of wireless/cordless charging over the next seven years. The wireless charging market is characterized by huge investments by industry players to enhance and optimize existing functionalities. Key players include Qualcomm, Integrated Device Technology (IDT), PowerbyProxi, Samsung, Broadcom, and WiTricity Corporation. 

Qualcomm introduced a new cordless docking station 802.11ad WiGig dock which can be used with snapdragon 820 processor and initiates powering when docked onto the station. Qualcomm entered into a tie-up with Efacec, which plans to launch powering options for electric hybrid vehicles. WiTricity has developed technologically advanced processes to charging in multiple applications including automotive, consumer electronics, medical and industrial.

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
For More Information: www.grandviewresearch.com
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Video Analytics Market Size Worth $9.4 Billion By 2025 | Top Companies are Cisco Systems, Inc.; Axis Communications AB; Bosch Security Systems GmbH

San Francisco, 29 Aug 2019 - The global video analytics market size is expected to reach USD 9.4 billion by 2025, according to a new study by Grand View Research, Inc., registering a 22.8% CAGR over the forecast period. Increasing demand for intelligent security surveillance systems, which can be used for estimating key trends and deriving patterns, is the key factor driving market growth. In addition, increasing concerns over public safety and use of video analytics in criminal investigations are positively impacting demand for video analytics solutions.



Apart from surveillance, video analytics solutions have also found increasing application in the retail sector for estimating average footfall, gender bifurcation, display effectiveness, and attractiveness of shelf space. Furthermore, superstores and mega marts have started implementing these systems to gain insight into consumer behavior.

Use of advanced algorithm technology in video analytics enables examination of captured videos frame by frame, irrespective of light exposure, thereby making video analytics a reliable and efficient choice for ensuring security. Furthermore, industries such as transportation, retail, and healthcare are witnessing significant increase in the adoption of video analytics, owing to rising application of intrusion detection, license plate recognition, crowd management, and congestion detection in these industries.


Further key findings from the study suggest:
  • Facial recognition is expected to emerge as the fastest growing application segment with a CAGR of 25.9% from 2017 to 2025. This can be attributed to widening scope of facial recognition solutions for surveillance purposes at malls, events, airports, and public transport, among others
  • By type, the services segment is projected to register the highest CAGR of 24.0% for the next eight years. This can be attributed to increasing demand for and installation of video analytics solutions, which are, in turn, propelling demand for related managed and professional services
  • The cloud segment is anticipated to emerge as the most preferred deployment option for video analytics solutions as it offers flexibility and convenience, allows remote access, and provides easy maintenance
  • North America accounted for the largest share in 2016 and is driven by presence of prominent market players who consistently work on developing new and innovative technologies in video analytics
  • The retail end-use segment is anticipated to register the highest CAGR of 25.6% over the forecast period.  This may be attributed to use of video analytics in applications such as people counting, display and promotion effectiveness, product placement and store layout, and customer preference pattern analysis
  • Asia Pacific is expected to experience the highest growth from 2017 to 2025, driven by emerging economies such as India and China. These nations are expected to augment their expenditure on intelligent and security surveillance systems
  • Key industry participants include Cisco Systems, Inc.; Axis Communications AB; Bosch Security Systems GmbH; Agent Video Intelligence Ltd.; Honeywell International Inc.; IBM Corporation; AllGoVision Technologies Pvt. Ltd.; Genetec Inc.; Aventura Inc.; and i2v System Pvt. Ltd.
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
For More Information: www.grandviewresearch.com
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Material Handling Equipment Market Size Worth $41.18 Billion By 2025

San Francisco, 29 Aug 2019 - The global material handling equipment market size is expected to reach USD 41.18 billion by 2025, at a CAGR of 6.8% over the forecast period according to a study conducted by Grand View Research, Inc. Rising growth of e-commerce industry, rapid industrialization, and automation in manufacturing sector are some of the factors expected to positively impact the growth.



Rising penetration of advanced technologies such as Artificial Intelligence (AI), Radio Frequency Identification (RFID), and Internet of Things (IoT), among others is also anticipated to power the market growth. For instance, in April 2016, Hyster-Yale Materials Handling, Inc., announced the launch of Yale A-WARE. Yale A-WARE is a location-based truck performance control solution that uses RFID tags to control speed and monitor lifts and acceleration restrictions. These RFID tags are deployed in warehouse storage aisles, which are read by a RFID sensor mounted on the truck. The sensor reads the tag and triggers the pre-defined lift and speed settings at which the truck can operate.

Materials handling equipment are extensively used in several manufacturing industries, such as automotive, food and beverage, and pharmaceutical. For instance, chemical industries usually face inefficient or disorganized storage. This issue can be resolved with storage and handling systems that are highly specific or customized toward the load. Furthermore, the growing disposable income coupled with rising penetration of internet has made online shopping convenient. This has urged the need to set up more warehouses, which would indirectly spur the material handling equipment sales across the e-commerce industry.

Furthermore, these equipment are also used in warehouses for managing the storage and transportation of good and products. It improves productivity by enhancing logistics at warehouses and manufacturing plants. These products offer cost-effective, process efficient, and an accurate method for the swift transition of goods across the manufacturing plants and warehouses, thereby driving the market growth. However, high initial costs and real-time technical challenges coupled with lack of awareness are some of the challenges affecting the growth.


Further key findings from the study suggest:
  • The industrial trucks segment accounted for a significant market share in 2018. However, automated storage and retrieval systems are anticipated to witness the highest growth over the forecast period. This is accredited to the varied uses of automated solutions across several applications such as conveyor systems, robotic delivery systems, and automated guided vehicles to speed up the task to be carried out
  • Additionally, benefits such as enhanced work efficiency and reduced human efforts are some of the major factors expected to augment the sales of automated storage and retrieval systems over the forecast period
  • Europe held a market share of over 30.0% in terms of revenue in 2018. However, Asia Pacific is anticipated to witness significant growth over the forecast period, attributed to the rising industrial and infrastructural activities in developing countries such as India and Japan. Additionally, growing e-commerce industry is also expected to spur product sales
  • The material handling equipment market is highly consolidated and characterized by high competition with the presence of major global players such as BEUMER Group; Intelligrated Systems Inc.; Kion Group AG; Toyota Industries Corporation; and Murata Machinery Ltd.; among others. These players engaged in mergers and acquisitions and collaborations or partnerships to enhance their market presence and to expand their product portfolio
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
For More Information: www.grandviewresearch.com
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Excavator Market Is Poised To Reach $56.46 Billion By 2025 | Top Companies Caterpillar, Komatsu, and Liebherr

San Francisco, 29 Aug 2019 - The global excavator market size is anticipated to reach USD 56.46 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.7% during the forecast period. Surging demand for excavators among construction equipment operators for excavating, grading, and site preparation is the key factor bolstering the growth of the market.



Demand for wheeled excavators is likely to grow over the forecast period owing to increasing development of urban infrastructure, roads and highways, and mining sector. Wheeled excavators are mainly used in urban areas and projects such as smart cities and megacities are boosting their demand. The wheeled excavators segment is projected to post a CAGR of 6.5% over the forecast period.

The construction application segment held the largest share in the excavator market in 2016 and is poised to cross the mark of USD 35 billion by 2025. Investments by governments in construction and upgradation of existing infrastructure is one of the primary growth stimulants for the segment. Excavators are used in construction for digging trenches, holes and foundations, demolishing buildings, material handling and lifting, grading, and landscaping. Depending on size and attachments, their capabilities vary from handling heavy jobs or smaller jobs.


Further key findings from the report suggest:
  • Mini/Compact excavators emerged as the largest segment in 2016 and is estimated to generate revenue over USD 11.43 billion by 2025
  • The other excavators segment is expected to witness moderate growth over the coming years. The segment includes long reach, dragline, walking, bucket-wheel, suction, and steam excavators
  • The excavator market for other applications such as mining, utility, and agriculture is anticipated to reach USD 21.42 billion by 2025
  • The Asia Pacific market is likely to witness substantial growth over the next decade. The regional market is projected to progress at a CAGR of 5.1% from 2017 to 2025
  • Key players including Caterpillar, Komatsu, and Liebherr dominated the market, accounting for a sizeable share in 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
For More Information: www.grandviewresearch.com
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Digital Transformation Market Would Be $798.44 Billion By 2025

San Francisco, 29 Aug 2019 - The global digital transformation market is expected to reach USD 798.44 billion by 2025, according to a new study by Grand View Research, Inc. The increasing necessity for the introduction of innovative solutions that are capable of engaging customers or employees to integrate process, data, IT and business and the increasing demand for the adoption of Internet of Things (IoT) are propelling market growth.


Digital transformation allows organizations to tackle disruptive changes such as marketplace fluctuation, and corporate restructuring, among others, occurring in their markets and customer base by designing new products, services, and business models leveraging digitalization. These newly designed solutions are generally a mix of digitally stored historical information about business activities and the customers Furthermore, they facilitate the transformation of traditional processes, business activities, and models to take advantage of the upcoming changes and opportunities of digital technologies.

Moreover, factors such as optimization of end-to-end customer experience and improvement in operational flexibility are promoting the growth of digital transformation along with the recognition of new revenue sources.


Further key findings from the study suggest:
  • The hosted deployment segment is anticipated gain momentum owing to advantages such as convenience, lower cost, and better security. The segment is estimated to grow at a CAGR of 22.3% over the forecast period
  • The healthcare segment is presumed to find the highest growing application and is estimated to grow at CAGR of 19.5% over the next eight years. This can be attributed to the increasing focus of the healthcare providers towards improving the patient care by implementing digital process and technology
  • North America accounted for the largest share in 2016 owing to growing customer interaction through smart devices such as tablets, smartphones, and phablets, among others in this region
  • Furthermore, the presence of leading players such as IBM Corp., CA Technologies, and Hewlett Packard Enterprise Co, among others in the North American region is a key factor contributing to the regional market dominance
  • The Asia Pacific regional market is expected to grow at the highest CAGR over the next eight years. This can be attributed to the growing demand for the application of the Internet of Things.
  • The key industry participants include SAP SE, IBM Corporation, Oracle Corporation, Google Inc., Dell EMC, Hewlett Packard Enterprise Co., CA Technologies, Microsoft Corporation, Adobe Systems Incorporated, Accenture plc, Capgemini Group, Apple Inc., and Kellton Tech Solutions Ltd.
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
For More Information: www.grandviewresearch.com
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3D Animation Market Is Poised To Surpass $28.30 Billion By 2025

San Francisco, 29 Aug 2019 - The global 3D animation market size is anticipated to reach USD 28.30 billion by 2025 expanding at a CAGR of 11.0%, according to a new report by Grand View Research, Inc. Wide usage of the technology in the manufacturing, healthcare & life sciences, media & entertainment, and education & academics industries is anticipated to be the key factor driving the market over the forecast period. The technology can offer several benefits. For instance, three-dimensional animated videos can help students studying medicine in understanding the complexities associated with the human anatomy effectively as compared to the conventional 2D illustrations and photographs.


Similarly, the technology can also be used in schools and colleges to effectively explain various scientific concepts to the students. In the manufacturing sector, machining shops can develop 3D models of parts and components before their production, which can also aid in 3D printing. Growing use of the technology in educational and academic applications is expected to impel the market growth. Several developers of educational apps and e-learning platforms have started incorporating 3D animated videos in their educational curriculum. Similarly, Scientific Animations Without Borders (SAWBO) is creating scientifically-accurate three-dimensional animations for educational purposes.

Further key findings from the study suggest:
  • The visual effects segment is anticipated to expand at the highest CAGR of 12.9% from 2019 to 2025 and 3D modeling is expected to emerge as the largest segment over the forecast period
  • The media & entertainment end-use segment is likely to register the largest market revenue share of 34% by 2025
  • Software is projected to be the largest as well as fastest-growing component segment over the forecast period
  • North America led the overall market in 2018 and is projected to maintain its dominance during the estimated period
  • However, the market in Asia Pacific region is said to expand at the highest CAGR of 11.9% from 2019 to 2025
  • Some of the key companies in the global 3D animation market include NVIDIA Corp.; Autodesk, Inc.; Adobe Systems Inc.; Corel Corp.; NewTek, Inc.; and Zco Corp.
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
For More Information: www.grandviewresearch.com
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Virtual Prototype Market Worth Scope Of $861.7 Million By 2025

San Francisco, 28 Aug 2019 - The global virtual prototype market size is estimated to reach USD 861.7 million by 2025, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 19.4% over the forecast period. Virtual prototyping tools enable faster product development, cost savings, and reduction in time to market.

These benefits are driving the development and adoption of VP tools. Enterprises/industrial manufacturers are switching to VP from conventional physical testing of product models. Physical testing consumed additional time and incurred high costs in the event of failure. Virtual prototype solutions enable organizations to significantly improve the accuracy of product testing and to enhance ergonomics and usability. This factor is driving growth of the global virtual prototype market.



Furthermore, increasing adoption of consumer electronic products such as smartphones, tablets, printers, and home appliances is encouraging manufacturers to deploy virtual prototyping tools to meet the overall production demand. It is also encouraging them to introduce innovative products to compete with other market players and to enhance profitability. All these factors are anticipated to further propel expansion of the global market over the forecast period.

Virtual prototyping is a software-based engineering process that helps build, simulate, and test a prototype virtually by simulating real-world conditions. The integration of technologies such as Computer-Aided Design (CAD), simulation tools, and Virtual Reality (VR) into VP tools has enabled manufacturers to increase product affordability. Moreover, virtual prototype simulation also aids in efficient planning of production lines and factory layouts.

Virtual prototyping solutions have a significant demand from the healthcare sector where they are used for pre-operative planning and surgical simulation. The growth of construction industry is also anticipated to drive the market for virtual prototype over the forecast period owing to rising demand for design simulation of buildings and plants. Asia Pacific has the largest concentration of consumer electronics manufacturers. Evolving consumer trends encourage manufacturers to innovate and develop novel products, which is anticipated to spur the market growth. Moreover, high investments in R&D to develop innovative virtual prototype tools such as CAD tools for live simulation, error-free production, and cost reduction during manufacturing are expected to further propel the global virtual prototype market growth.


Further key findings from the study suggest:
  • North America held the largest market share in 2017, owing to high adoption from automotive, electronics, and telecom industries to enhance overall operational efficiency and to improve customer satisfaction through iterative product releases
  • Asia Pacific is expected to witness robust growth in the global virtual prototype market owing to rapid growth of regional automotive, aviation, and consumer electronics industries
  • Adoption of cloud-based virtual prototype tools is projected to witness growth over the forecast period due to high demand from small- and medium-scale companies aiming to curb implementation and infrastructure costs
  • Key automobile manufacturers such as BMW, Mercedes, and Volkswagen among others utilize VP tools to design and test new vehicle models. Emergence of advanced vehicular technologies and growing adoption of Electric Vehicles (EV) are anticipated to further promote market growth
  • Some of the key market players are Autodesk, Inc.; TWI Ltd.; Synopsys, Inc.; ESI Group; Carbon Design Systems Inc.; Cadence Design Systems, Inc.; Siemens PLM Software; and PTC.
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.comFor 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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