Wireless Intercom Market – Industry Analysis, Growth and New Market Opportunities Explored

The intense competition between RTS Intercom, Clear-Com Ltd., and Commend International GmbH characterizes the competitive landscape of the market for wireless intercom in Asia Pacific, finds a report by Transparency Market Research.

These wireless intercom manufacturers rely on product innovations and integration of latest technologies in their existing offerings to grab an edge over each other. For instance, Commend Int. introduced an advanced version of its intercom solution in April 2015, integrated with intelligent volume control function to enhance the speech volume and degrade the background sound in noise-polluted environments. By September 2015, Clear-Com also came up with DX410, a 2.4GHz base station, offering a two-channel, frequency hopping system.

Over the forthcoming years, other than innovation and advancements, competitors in this market will look for strategic alliances with companies in the media and technology sector in order to incorporated technological developments in their products, strengthening their position in Asia Pacific.

Need for Robust Security Solutions Boosts Demand for Wireless Intercoms

Asia Pacific is undergoing a phase of rapid advancements in terms of economy and infrastructure. This infrastructural development has fuelled the need for robust security solutions across the region. The demand for efficient security in Asia Pacific is also witnessing a remarkable surge due to the growing concerns over threats to safety and security, considering the increased crime rate and terror attacks.

Intercoms, being one of the most essential components of a security systems, is, thereby, also witnessing an immense surge in demand in this region. Wireless intercoms, owing to their easy handling, experience a higher demand compared to traditional wired ones. Technical advancements in wireless intercoms, such as the integration of encryption techniques, is also an important factor behind the increasing preference for them over wired intercoms.

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Going forward, the rocketing urbanization, together with the speedy growth of smart cities across Asia Pacific, is likely to prepare ground for the widespread application of wireless intercoms over the next few years in this region.

Increasing Demand for Wi-Fi-based Wireless Intercoms to Impact Growth Rate of RF-based Wireless Intercoms

The Asia Pacific market for wireless intercom has witnessed a tremendous rise since the last decade, says TMR. Analysts expect it to remain registering steady growth in the near future. Rising at a CAGR of 12.30% between 2015 and 2023, the opportunity in wireless intercom, across Asia Pacific, is likely to increase from US$0.4 bn in 2014 to US$1.1 bn by the end of the forecast period.

Based on technology, radio frequency-based wireless intercoms led the overall market in 2014 with a demand share of more than 80%. The segment is likely expand at a CAGR 10.5% during the forecast period; however, with a 19.80% CAGR, the demand for Wi-Fi-based wireless intercoms will register the fastest growth over the next few years.

By end user, large enterprises are the key consumers of wireless intercoms in Asia Pacific. The trend is expected to remain the same during the forecast period. In terms of industry verticals, security and surveillance have emerged as the leading segment and is projected to continue to lead in the coming years.

Regionally, wireless intercoms enjoy maximum application in the Rest of Asia Pacific. Any change in this condition is not expected in the near future.

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Policing Technologies Market – Recent Analysis of Industry Trends and Technological Improvements For 2024

The highly competitive policing technologies market in Europe has companies such as PredPol, Inc., Aventura Technologies, Inc, Reveal Media Ltd., Zepcam B.V., Basler AG, SmartWater Technology Limited, Computer Sciences Corporation, Brite-Strike Tactical Illumination Products Inc., Aeryon Labs Inc., and Taser International Inc at the forefront. Transparency Market Research predicts that the competition among the major players will intensify during the forecast period with manufacturers competing with each other for contracts of various projects.

“Competitive rivalry in terms of product upgrade and new product development will work in favor of the policing technologies market,” the author of the study comments. Continuous research and development to introduce new features to existing technologies is a key growth strategy identified by TMR. For instance, Aventura Technologies launched a new software in February 2016 that has the ability to evaluate face recognition, access control, video analytics, and license plate recognition on a common operating platform.

Europe’s Law Enforcement Bodies Support Widespread Use of Policing Technologies

“Europe has been a witness to several terrorist attacks over the recent past, a factor that has forced law enforcement departments to become more vigilant and efficient in countering such attacks,” the lead author of the report states.

In 2014 alone, an estimated 774 individuals were arrested in the European Union for various terrorism-related offences. The number of deaths caused by terrorist attacks in Western Europe has risen significantly since 2004. This has greatly driven the need for effective and advanced policing technologies in the region.

The crime rate in Europe has also exhibited an alarming increase, TMR finds. Crimes such as drug trafficking, theft, and assault are rather common and Europe’s comparatively lenient criminal-sentencing regimes have added to the troubles citizens face. This acts as a driving factor for the policing technologies market.

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Complexities Associated with New Policing Technologies Deter Adoption

The lack of proper training acts as a major deterrent to the policing technologies market in Europe. The incorporation of new technologies in the police departments requires additional staff training. There is also the need to thoroughly and regularly test, upgrade, and maintain these technologies and the various products and devices they encompass. The complexities associated with the adoption and use of new policing technologies is likely to limit its usage in Europe.

Moreover, strict international human rights laws prohibiting the use of various weapons in the region is also a factor threatening to hamper the policing technologies market.

Aviation Technology to Offer Promising Opportunities

The Europe policing technologies market is expected to register a 6.0% CAGR from 2016 to 2024, with the revenue set to increase from US$1.4 bn in 2015 to US$2.4 bn by the end of the forecast period. Accounting for a share of 36% in 2015, detection and surveillance technologies emerged as the leading policing technologies segment by type. This segment is poised to expand at a 6.2% CAGR during the course of the forecast period to cross US$910 mn by 2024. Registering a steady 6.8% CAGR from 2016 to 2024, aviation technology is projected to emerge as the fastest growing segment by revenue.

By geography, the U.K. formed the leading market for policing technologies. The country is also forecast to be the most rapidly growing regional segment in the overall market, fueled by the introduction of technologies such as automatic number plate recognition.

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High Resolution Dispensing Systems and Equipment Market: Growing Number of Application to Bode Well for Growth

The worldwide market for high resolution dispensing systems and equipment is generally divided, with the best five organizations representing an aggregate offer of about half of the general market in 2015, watches a current report by Transparency Market Research. These organizations, including Besi, Illinois Tools Works, Inc., Nordson Corporation and are more centered on item development and headway in innovation to reinforce their positions in the highly aggressive market.

As per Transparency Market Research (TMR), the worldwide high resolutions dispensing systems and equipment market is relied upon to be worth US$3.09 bn before the finish of 2024 from US$1.8 bn in 2015. The worldwide market is foreseen to surge at a CAGR of 6.3% amid the gauge time of 2016 and 2024. The worldwide market is probably going to be driven by the automotive sector in the coming years at a 3.4% CAGR. The demand for automotive dispensing systems will stay high due their points of interest, for example, enhanced efficiency and diminishment in disappointment. As far as region is concerned, North America is relied upon to hold a predominant offer in the worldwide market. The open doors in this provincial market is probably going to be worth US$864.0 mn before the finish of 2024.

Increasing Demand crosswise over Electronic Industry to Accelerate Adoption  

The worldwide high resolution dispensing systems and equipment market is principally determined by components, for example, the expanding use of these equipment in the electronic business and the expanding demand for exactness and accuracy underway procedures over a large group of ventures. High-resolution dispensing systems and equipment find broad utilization in electronic applications, for instance, gasketing, electronic get together, protecting, and plastic holding, mostly attributable to their high level of exactness and accuracy.

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The joining of mechanization over a few ventures, for example, car, oil and gas, aviation, and protection is likewise anticipated that would fundamentally add to the development of the high resolution dispensing systems and equipment over the globe in the coming years. These enterprises require dispensing framework for enhancing their generation quality. Programmed high resolution dispensing systems help anticipate material dispensing in the wrong area, along these lines expanding the general profitability, decreasing expenses, and bringing down the odds of part disappointment of high-end machines.

Cost and Design Constraints of High Resolution Dispensing Systems and Equipment to Obstruct Growth

High resolution dispensing systems and equipment are generally more costly than ordinary dispensing systems and equipment as they include the most recent progressions in the handling innovation. The high expenses acquired by organizations for undertaking innovative work of cutting edge item assortments add to the base cost of these systems and equipment. Notwithstanding the high base expenses of high resolution dispensing systems and equipment, their highly complex nature demands convenient upkeep, which again adds to the general cost of their operation.

These components altogether confine the market’s development prospects, with for the most part of the developed economies equipped for managing them. This situation obstructs the market’s prospects of extension over the high development potential however cost-touchy mechanical segment in creating economies crosswise over Asia Pacific and Latin America.

All things considered, the market has huge development openings crosswise over enterprises, for example, therapeutic gadgets and sun oriented power age. The assembling of therapeutic gadgets requires mechanized and semi-robotized dispensing systems fit for offering highly repeatable and precise dispensing of glues, for which, high resolution systems could end up being perfect. In sunlight based applications, high resolution dispensing systems and equipment could help enhance the life span and nature of vitality delivering systems.

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Industrial Personnel and Burden Carriers (Electric) Market – Forecast on Market Dynamics, Emerging Trends, Growth Factors

The top four players in the global electric industrial personnel and burden carriers marketaccounted for over half the market in 2015. Transparency Market Research notes that these leading companies – Taylor-Dunn Manufacturing Company, Columbia ParCar Corporation, Bradshaw Electric Vehicles, and Motrec International, Inc. – have been increasingly focused on innovation, research and development, and expansion of product portfolio to gain a competitive edge and strengthen their presence in the global market.

The opportunity in the global industrial personnel and burden carrier (electric) market is expected to be worth US$757.40 mn by the end of 2024, rising from US$395.80 mn in 2015. The market is expected to expand at a CAGR of 7.5% during the course of the forecast period.

Among the various types of products available in the global market, the burden carrier segment is expected to be account for a 36.9% share by 2024. This product segment is expected to be driven by the robust rate of industrialization across countries. Regionally, North America is anticipated to lead the global market for electric industrial personnel and burden carriers due to the rising demand for electric vehicles. Analysts predict that the North America industrial personnel and burden carrier (electric) market will progress at a CAGR of 7.4% between 2016 and 2024.

Consistent Growth in End-use Industries Driving APAC

The industrial personnel and burden carrier (electric) market is primarily supported by the rapid and consistent growth in industries such as coal, automotive, oil, information technology, textile, cement, and real estate. “Asia Pacific, presently the fastest growing market for electric industrial personnel and burden carriers, plays a key role in the development of this market, fueled by favorable economic reforms and rapid industrialization in major countries such as China, India, and Japan,” the lead analyst reports. Other factors that work in favor of the APAC industrial personnel and burden carriers include a massive population, the abundance of resources, the availability of cheap labor, and the rising affordability of raw materials. These factors have been attracting foreign investments over the years.

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The growing demand for electric vehicles worldwide and the rising need for operational efficiency across industries have also bolstered the global industrial personnel and burden carriers market.

Political Upheaval in Leading Markets Adversely Affecting Rate of Industrialization

Recent political events, such as Brexit, have adversely impacted the market. “The U.K. is a major market for industrial personnel and burden carriers in the world,” the author points out. “Therefore, the withdrawal of the U.K. from the European Union has affected the growth of industrialization in the U.K., thereby stagnating the industrial personnel and burden carriers (electric) market across Europe.”

Electric industrial personnel and burden carriers often face issues pertaining to recharge and plug-in facilities and the lack of proper infrastructure also acts as a major deterrent.

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Remote Diagnostic Market – Industry Analysis, Growth and New Market Opportunities Explored

Players in the global remote diagnostics market are raising the competition bar through product differentiation and after-sales support and service to customers, notes a new publication by Transparency Market Research (TMR). Among them, Robert Bosch GmbH, Continental AG, OnStar LLC, Mercedes-Benz, Magneti Marelli S.p.A., Delphi Automotive plc, Softing AG, Voxx International Corporation, and Vector Informatik are a few key companies.

A report by Transparency Market Research forecasts the global remote diagnostics market to register an impressive 14.8% CAGR between 2017 and 2025. If the figure holds true, the market’s valuation of US$12.88 bn in 2016 is expected to reach US$42.04 bn by 2025.

Depending upon application, the global remote diagnostics market can be segmented into roadside assistance, vehicle tracking, state alert, crash notification, and training assistance. Of these, in 2016, the segment of roadside assistance stood as the leading contributor in terms of revenue. Increasing demand for safety and security features of vehicles is the key factor stirring growth of roadside assistance segment.

Early Adoption of Technology Propels North America Market

The segments of the remote diagnostics market in terms of vehicle type are commercial vehicles and passenger vehicles. Of the two, passenger vehicles led the market in 2016 revenue-wise.

The key geographical segments into which the global remote diagnostics market is divided are North America, Asia Pacific, Middle East and Africa, Europe, and Latin America. North America powered by the U.S. led the market in 2016 in terms of revenue due to early adoption of technology.

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Vehicle Safety Regulations Stokes Growth

At the forefront of driving growth in the global remote diagnostics market are strict regulations for emissions and fuel economy across the world. Government agencies issue emission standards in order to curb hazardous vehicular emissions. This is where remote monitoring systems are useful to monitor carbon and other harmful gases emitted from vehicles. In 2011, the U.S President announced an agreement with key automakers to double fuel efficiency to nearly double to 54.5 m.p.g, by means of which motorists can save fuel costs up to US$1.7 trillion over the lifespan of vehicles. While vehicular emission standards are region specific, the use of remote vehicle diagnostics ensures that vehicles discharge particulate matter within permissible limits. This factor is likely to greatly influence the remote diagnostic market during the forecast period.

Additionally, demand for remote vehicle diagnostics solutions is on the rise as part of technological advancement of the automotive industry. Connectivity technologies that are used in remote diagnostic solutions include Bluetooth, 3G/4G, and GPS.

Another significant growth driver of the market is increasing demand for safety and security and awareness about vehicle diagnostics. This is because consumers in developed and developing countries are opting for remote diagnostics systems for four service areas, which are GPS navigation, wireless safety communication, integrated hands free cell phones, and automatic driving assistance systems. Moreover, increasing safety standards in place by governments is also responsible for the increased use of remote diagnostic systems.

Concerns of Vehicle Hacking Crimps Growth

Despite several driving factors, there are several factors restraining the growth of remote diagnostic market. The key among them is concern related to data security. This is because modern vehicles are equipped with hi-tech devices to observe the status of the vehicle at all times. However, this poses risk of vehicle hacking using computer-generated information with respect to vehicle functionality and driver information.

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LED Services Market to Reach a Valuation of US$22.42 bn by 2025

The presence of numerous players features the global LED services market to be competitive, says a recent publication by Transparency Market Research (TMR). To withstand the competition, key players are engaged in differentiating their products offerings from those of their competitors and enhance the functionality of existing products that may help them steal a march from their competitors. Further, long term lighting contracts, sponsorship of industry events, and new product development are some of the growth strategies that have become crucial for success in this market which is crowded with numerous small and medium-sized manufacturers.

Some prominent names in the global LED services market are Bright Special Lighting S.A., Endo Lighting Corp., Global Light LLC, Thorlux Lighting, KKDC Co. Ltd., OPPLE Lighting Co., Ltd., LEDVANCE GmbH, Reggiani SPA, Philips Lighting Holdings B.V., and Cree Inc.

The global LED services market is projected to rise at a healthy CAGR of 10.6% for the forecast period of 2017 to 2025 as a result of which the market is estimated to reach a valuation of US$22.42 bn by 2025. The market pegged an opportunity of US$9.26 bn in 2016.

Residential Lighting to Display Substantial Demand through 2025

The segments of the global LED services market based on application are residential, public lighting, and business lighting. Residential lighting stood as the leading application segment in 2016 holding almost 45% market share. The segment is expected to display promising growth over the forecast period of 2017 and 2025. However, public lighting application is predicted to surpass other application segments in terms of growth rate over the forecast period.

Region-wise, Europe led the global LED services market in 2016 and going forward too, the region is expected to display a healthy growth rate.

Energy Efficiency and Advantages of Higher Luminosity Drive Adoption

Amongst several factors driving the growth of LED services market, the rising demand for LED lighting services across a range of application segments is a key one. In particular, surging adoption of LED lighting in the public lighting sphere has significantly boosted the LED services market. Increasing environmental awareness, need for energy efficient lighting, and favorable government regulations for the adoption of LED lighting solutions are also acting in favor of this market.

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With the integration of wireless communication technology with LED lighting solutions and availability of IoT-enabled LED lighting, the new lighting solutions are offering a whole new experience to consumers than what was offered by traditional ones. The popularity of newer lighting solutions is further on the rise due to their tangible benefits.

Another notable factor driving the growth of LED services market is increasing investments from key players for the development of new LED products and services. These new products are energy efficient and cost effective to be suitable for a range of applications.

Large scale infrastructure development projects and development of smart cities, especially in emerging economies, are expected to generate substantial demand for LED services market. This is mainly because LED lighting solutions are energy efficient and cost effective to keep with the need for environment-friendly lighting solutions with respect to reduced Co2 emissions. Furthermore, citywide street lighting and smart lighting projects are expected to have a positive impact on the demand for LED services in these regions.

Last but not the least, favorable government initiatives, architectural applications, and long-term contracts are further boosting the adoption of LED products.

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Passenger Service System (PSS) Market: Increasing Spending Capacity of People Drives Growth

Some of the key players in the global passenger service system (PSS) market are Sirena-Travel JSCS, Radixx International, Inc., Hitit Computer Services A.S., Intelisys Aviation Systems Inc., Bravo Passenger Solutions Pte Ltd., Unisys Corp., Hexaware Technologies Ltd., Travelport Worldwide Ltd., SITA NV, Sabre Corp., IBS Software Services Pvt. Ltd., Information Systems Associates FZE, Amadeus IT Group SA, Travel Technology Interactive, Mercator Ltd., Travelsky Technology Ltd., and KIU System Solutions.

As per a report by Transparency Market Research, the global passenger service system (PSS) market will likely expand at a robust 11.8% CAGR between 2016 and 2024 to become worth US$ 11.523 bn by 2024 from US$4.315 bn in 2015.

Small and Medium Operators Propel Airline Reservation System

Depending upon the various services offered, the global passenger service system (PSS) market can be segmented into airline inventory system, internet booking system, airline reservation system, airport management consulting, loyalty system, departure control system, ancillary services, and customer care system. Among them, the airline reservation system segment accounted for maximum share of 27.8% in 2015. Mainly driving the growth in this segment is the high uptake among medium and small airline operators.

Geographically, the key segments of the global passenger service system (PSS) market are North America, South America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific, of them, is slated to expand its share at a healthy clip and contribute to the market substantially, in the forecast period. As per the TMR report, the market is Asia Pacific will likely rise at a CAGR of 13.0% between 2016 and 2024.

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Growing Number of Airline Operators Drive Market

Passenger Service System (PSS) is a clutch of solutions that enables efficient management of an airline front-end operation by managing passenger related activities. It is basically a communication system that offers services to passengers such as loyalty, customer care, online booking, reservation, and check-in and check-out status in real-time. “Increasing spending capacity of the middle-class population and the rise in number of airline operators is slated to provide a fillip to the demand for passenger service system in the coming years. Passenger service system helps airline operators to quickly monetize their offering and further generate revenue from non-core assets,” explains the lead analyst of the report.

At present, numerous passenger service system (PSS) providers are offering non-core PSS solution such as ancillary service, loyalty system and customer care system in response to demand from airline operators. In addition, some PSS providers are also providing airport management consulting solution to satisfy demand for smart airport offering.

“Market is at an interesting cusp where players are coming up with new platforms and new technologies to facilitate better services to customers,” adds the lead analyst of the TMR report. The demand for better PSS solutions such as home tagging for luggage, presence of augmented reality (AR), and artificial intelligence for customer service are expected to contribute to the growth of PSS solution over the forecast period. Growing penetration of the internet is another major factor boosting the global passenger service system (PSS) market.

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