Building Information Modelling Market – High Infrastructural Investment to Boost Deployment of BIM for Bridges, Roads, and Highways Construction

The global building information modelling (BIM) market features a fairly competitive landscape with the presence of a large number of emerging players and several prominent players, observes Transparency Market Research (TMR). Some of the leading players are AECOM, Bentley Systems, Incorporated, Dassault Systemes S.A., Autodesk, Inc., and Dish’s Wally. Some of the top emerging players are Nemetschek Group and Synchro Software Ltd. Several players are launching scalable and affordable BIM solutions to meet the needs of small and medium-sized enterprises (SMEs) in order to gain a competitive edge over others.

The global building information modelling market stood at of US$2.7 bn in 2014 and is expected to reach a valuation of US$11.5 bn by 2022. The market is projected to rise at a significant CAGR of 19.1% from 2015 to 2022.

North America held the major share in 2015 and is projected to maintain its lead throughout the forecast period attributed to the wide adoption of integrated cloud-based solutions by the construction industry in various developed nations. The opportunities in the regional market is expected to surge to US$4.05 bn by the end of the forecast period.

Based on end user, the BIM market is segmented into end-users, architects, contractors, engineers, and developers. Among these, architects constitute the major end user segment and is projected to dominate throughout the forecast period. The substantial demand for BIM solutions among architects is driven by rapidly burgeoning engineering and construction projects.

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Concerted Government Support in Developing and Developed Nations to Bolster Uptake

The demand for improving productivity and competitiveness in the architecture, engineering, and construction industry is a key factor driving the adoption of building information modeling. The benefit of BIM solutions to simplify the complexity of various construction projects has led to its extensive adoption in various developed markets such as the U.S. and the U.K.

The presence of favorable government policies in various developing and developed nations has boosted the uptake of BIM solutions. For instance, the Government of Russia has recently approved a roadmap for the implementation of BIM across different stages of the life cycle of any capital facility. This will increasingly pave way for strategic development of building information modeling solutions for numerous civil construction projects in the nation. The demand for digitization of construction projects among policy makers in several countries of Europe is also expected to catalyze the growth of the building information modelling market.

Implementation of BIM Help in Better Estimation of Budgeting

The functionality of building information modelling to facilitate better collaboration across various stakeholders in the value chain in the construction industry is expected to boost its adoption in developed countries. In addition, the successful implementation of BIM by contractors and architects is largely motivated by better estimation of budgeting and the marked reduction in the maintenance cost. The popularity of automated BIM solutions over 3D building models is driven by the need for adoption in budget estimation, thereby accentuating the market.

The high capital investment required due for engaging the services of consulting firms is a key factors hindering the adoption of BIM, especially among SMEs. Furthermore, the paucity of required technical skill may impede the market to an extent. Nevertheless, the advent of scalable and cost-effective cloud-based BIM solutions has led an increased adoption among SMEs who have budget constrained or may lack adequate infrastructure. This is expected to open up lucrative growth avenues for market players in the coming years.

Numerous training sessions conducted in developed regions to demonstrate the use of BIM are developments expected to positively impact the market in the forthcoming years. Furthermore, the fast growing construction projects in urban areas in developing regions is further expected to accentuate the building information modelling market.

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Hydraulic Rubber Hose Market – Asia Pacific Demand for to Remain Dominant

The top tier manufacturers of global hydraulic rubber hoses market in 2013 – Gates Corporation, Parker Hannifin Corporation, Polyhose, and Eaton Corporation – accounted for a significant share in the market despite its highly fragmented nature.

According to a publication by Transparency Market Research, the top tier manufacturers are constantly seeking product improvements and to solidify their credibility and product presence in the market. These manufacturers can also provide a wide array of hydraulic rubber hose types, owing again to the high level of product enhancement and development.

The global market for hydraulic rubber hoses is expected to progress at a CAGR of 4.2% within a forecast period from 2014 to 2022, in terms of revenue. This revenue is expected to reach US$1 bn by the end of 2022, rising from US$779.8 mn in 2016.

The global market for hydraulic rubber hoses was dominated by Asia Pacific in 2013 and the report expects this region’s demand to expand at a leading rate. By the end of 2022, the predicted revenue of hydraulic rubber hoses in Asia Pacific will be US$392.8 mn.

Demand for Hydraulic Rubber Hoses Increases in Construction Industry

The construction industry – specifically makers of construction machinery – have consistently presented a high demand for hydraulic rubber hoses. By the end of 2022, the application-based revenue for hydraulic rubber hose manufacturers from construction machinery is expected to reach US$260 mn.

Most users of hydraulic rubber hoses have always preferred standard ones. These hoses are expected to continue being highly demanded till 2022, by when this segment will have reached US$370.4 mn.

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Demand for Hydraulic Rubber Hoses Ramps up in Agriculture

“The profits in a product market such as hydraulic rubber hoses manufacturing is based solely on the demand for it in various application sectors,” states a TMR analyst. “In this case, it is the demand stemming from sectors such as agriculture and construction. Both these sectors are currently showing a massive increase in demand for hydraulic rubber hoses due to their physically flexible nature that can be a key advantage over conventional plastic and steel piping,” the analyst adds.

Modern hydraulic rubber hoses offer much stronger leak protection to fluids being transferred and can be used to carry high-pressure fluids in extreme environments while maintaining their flexibility. These properties put hydraulic rubber hose ahead of plastics and metal pipes for many users, thus increasing their demand.

Usage of Thermoplastic Hose Diminishes Demand for Hydraulic Rubber Hoses

One of the key restraints to the large-scale use of hydraulic rubber hoses is the use of thermoplastic hoses, especially in high-pressure industrial applications. Hydraulic rubber hoses are heavier than plastic hoses for the same fluid capacity, can lose their shape while carrying oil, are better conductors of electricity than plastics, and have a relatively lower tolerance to certain chemicals and fluids. These problems can cause users in heavy industrial fields to prefer thermoplastic hoses over hydraulic rubber hoses.

“The coming years can be advantageous for hydraulic rubber hose manufacturers due to a greater demand from the automotive industry. The industry requires a great deal of different hose types that can be used to carry various types of fluids,” states the TMR analyst.

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Facial Recognition Technology – Used for Human Face Detection and Identification Helps in Better Surveillance

According to a new market report published by Transparency Market Research “Facial Recognition Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”, the global facial recognition market is forecast to reach US$ 2,671.8 Mn by 2022. The market is driven by increased demand for surveillance systems by civil and government agencies.

This is majorly due to the rising number of crimes and terrorist activities across the globe that would elevate the demand for efficient facial recognition solutions/systems in the near future. In addition, acceptance of facial recognition in the entertainment industry coupled with extensive use of facial recognition in consumer electronics is expected to fuel the demand for facial recognition technology in future. The report provides in-depth analysis of the market by segmenting it on the basis of parameters such as technology type and end-use industry.

The global facial recognition market was valued at US$ 1,307.0 Mn in 2014 and is expected to grow at a CAGR of 9.5% from 2015 – 2022. The global facial recognition market comprises technology types as: 2D facial recognition, 3D facial recognition, and facial analytics. Of these, the market for 3D facial recognition technology segment, because of its high and better accuracy in terms of identifying facial features, is expected to record faster growth as compared to 2D facial recognition technology during the forecast period. In addition, growth of the market for facial analytics, an emerging technology used for examining facial images of people without disturbing their privacy, is further expected to record steady growth as compared to that for 2D facial recognition technology.

The demand for these facial recognition technologies is further influenced by increasing demand from various industries, namely, government and utilities, military, homeland security, retail, banking, financial services and insurance (BFSI), and others. Of these, government and utilities, which includes law enforcement and passport and visa programs, accounted for the largest share. Further, with increased proliferation of retail outlets globally, facial recognition market is expected to experience significant growth in retail segment. This is supported by rising concerns of security and use of marketing strategies to analyze the customers based on their age, gender, and other facial attributes. It will thus, help in customer engagement at retail stores. Moreover, rising concerns of security have led companies to adopt tools such as CCTV recordings which are analyzed by facial recognition technique, alarm systems, and source-tagging.

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Geographically, North America is expected to remain the largest regional market for facial recognition throughout the forecast period. This is mainly due to high expenditure on security systems in government as well as public sector. In addition to this, use of facial recognition technology by law enforcement agencies, military sector, and other public sector industries is expected to drive the market for facial recognition technology during the forecast period. Europe is also estimated to see increased adoption of facial recognition technology, with extensive demand for border control and identity validation applications. Furthermore, the European Union (EU) is keen on developing better verification process for border control as maximizing security is of prime importance. Border control and identity validation has further gained importance due to rise in passport frauds and fundamental right for EU citizens, as guaranteed by the EU, which allows free movement of people across EU Schengen States. Moreover, active adoption of facial recognition technology across the Asia Pacific region due to rising population and need for surveillance systems in retail industry is expected to bolster demand in this region in the near future.

The global facial recognition market is dominated by players that develop facial recognition technology solutions. These players are continuously looking out for opportunities to strengthen their distribution network and to develop advanced solutions, so as to enhance their competitive position in the market. Globally, players such as NEC Corporation, Safran Group (Morpho S.A.), Cognitec System, and Cross Match Technologies are identified as the leading facial recognition algorithm developers and solution providers. Other prominent players in the market are 3M Cogent Inc., Aynoix Inc., FaceFirst LLC (Airborne Biometrics Group Inc.), Aware Inc., Animetrics, Inc., ZK Software, and Aurora Computer Services Ltd., among others.

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Telecom API Platform Market – Proliferation of Cloud-Based Mobile Applications to Bolster Uptake

The global telecom application programming interface (API) platform market features an intensely competitive landscape with the presence of a vast number of players, notes Transparency Market Research (TMR). Owing to a steady expansion of telecommunication application ecosystem spanning numerous industries, the market is witnessing a constant influx of players that help in sustaining the high level of competition. Some of the leading companies in the telecom API platform market are Tropo, Inc., Alcatel-Lucent, Aepona Ltd., Twilio Inc., LocationSmart, Apigee Corp., and Comverse Technology, Inc.

The leading players in the market are capitalizing on surging opportunities in the machine-to-machine (M2M) devices market, observes TMR. Several telecom operators are increasingly entering into partnerships with various API management service providers, such as Apigee Corp. and Alcatel Lucent, in a move to consolidate their shares in various regions. Several telecom API platform developers are adopting long-tail strategy of targeting ambitious developers, including enterprise developers, in order to emerge as a prominent player globally. A number of players operating in the API platform market for telecommunication opt for strategic acquisitions in order to occupy a sustained shsare.

The global telecom API platform market is projected to rise at a CAGR of 23.6% during 2014 – 2022. The market stood at US$73.49 bn in 2015 and is projected to reach US$323.44 bn by the end of the forecast period.

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Regionally, North America is the leading market for telecom API platforms with the major chunk of opportunities coming from countries such as the U.S. and Canada, primarily attributed to the substantial adoption of M2M communication technologies for mobile applications. Based on end-use application segment, long-tail developers (independent developers) is expected to rise at the leading CAGR of 25.9% from 2015 to 2020. The growth is primarily driven by the substantial demand for new mobile applications among technology companies.

The rising adoption of browser-based internet services in various regions and the proliferation of cloud-based applications are the key factors driving the global telecom API platform market. The intensifying demand for a robust digital ecosystem in several industries is a key trend bolstering the demand for API platforms in the telecom sector. The soaring popularity of 4G LTE networks in developing and developed markets is a key factor expected to boost the market. In addition, the rising demand for integrating app from disparate operators to build industry-wide robust apps for augmenting network capabilities is a key trend expected to boost the telecom API platform market in the coming years. The growing popularity of mobile cloud applications is fueled by the growing demand for voice API services, which is expected to bolster the uptake in the coming years.

The rising inclination of some prominent technology companies to open their platforms for long-tail developers is expected to catalyze the market over the forecast period. The rising prominence of enterprise developers in the development of telecom API platforms is stimulated by the accelerated demand for customized applications in mobile devices. In addition, the growing popularity of A2P (application-to-person) SMS messaging is further anticipated to accentuate the demand.

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Reluctance of Telecom Providers to Engage External API Developers Hampers Growth

The reluctance of a marked number of telecom providers to shy away from engaging external app developers as these companies develop platforms that offer little scope to these developers in innovation. This has made a dent in their earning in the highly competitive telecom sector, as a result of which their focus on developing API platforms has taken a backseat. Nevertheless, in an effort to explore new revenue streams, they are realizing the importance of faster time-to-innovation for new telecom applications and services. This is expected to open lucrative growth avenues for players in telecom API platform market.

The growing prominence of API integration service providers is predicted to unlock exciting opportunities in various regions. In addition, the rising demand for M2M connectivity in smartphones, especially in developed countries, is expected to open up lucrative avenues for market players.

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Set-Top Boxes Market – Users Continue to Prefer HD Set-top Boxes, Demand 4K Channels

Pace PLC, Cisco Systems. Inc., ARRIS Group, Inc., and Echostar Corporation are the leading providers of set-top boxes in the world today. In 2014, they held a collective share of 29.1% in the global set-top boxes market. Transparency Market Research, in a new report, states that these key players in the set-top boxes market are expected to change its competitive landscape in the coming years through a rapid rate of market consolidation. The market is currently in a highly fragmented state with regional players taking up close to three quarters of the market.

Most of the key players are also investing heavily in research and development to implement modern semiconductor technologies and software. Collaborations and alliances are also occurring at a rapid rate between paid TV operators and set-top box manufacturers.

“Set-top boxes are already known for providing more channels as well as HD channels over conventional cable TV service providers,” states a TMR analyst. “These advantages area already creating a major set of advantages for set-top box makers. More concepts and innovations are in the works to try and further improve the stand that set-top boxes can hold in the global media market today.”

One of the key drivers in this scenario for set-top box makers is the rapid rate at which TV viewing services are getting digitized. This is encouraging a large number of individuals to prefer set-top boxes over cable TV services.

OTT Competition Intensifies as Internet Quality Improves Globally

“However, cable service providers are not the real threat to set-top box companies,” continues the TMR analyst. “At the moment, this market is pitted directly against over-the-top services available for the PC and mobile devices. Another serious competitor is the rapidly increasing group of cable card providers.”

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The online connectivity of users has been improving over the past few years, especially in emerging economies, to a level where users can watch almost whatever they want over the internet. This is seriously hampering the scope of growth for set-top box companies.

The best way for the latter to compete with OTT services is the proliferation of IPTV and hybrid set-top boxes.

Cable Set-top Boxes Expected to Retain Lead in Demand

The global set-top boxes market revenue is expected to progress at a CAGR of 6.4% within a forecast period from 2015 to 2022. This market is expected to be valued at US$16.6 bn by the end of 2016 and US$24 bn by the end of 2022.

Cable set-top boxes are expected to remain the largest type in use till 2022, in which year the segment is expected to reach US$7.12 bn. Meanwhile, IPTV set-top boxes are expected to increase in popularity, showing the fastest growth rate in the market for the time being.

Asia Pacific is not only the largest regional consumer of set-top boxes in the world, but is also showing the fastest growth in demand. By the end of 2022, this region is expected to generate a revenue of US$9.72 bn through set-top boxes.

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Head-up Display Market – Booming Automotive Industry Secures North America’s Dominance

Companies such as BAE Systems plc, Nippon Seiki Co. Ltd., Rockwell Collins Inc., and Continental AG currently lead the global head-up display (HUD) market. As per the findings of Transparency Market Research (TMR), these players are mainly focusing on giving users a comprehensive experience through incorporating cutting-edge technologies. Many players are also taking recourse to strategic collaborations and business partnerships to strengthen their position in the market. Besides this, the leading companies are looking to add novel solutions to their portfolios to expand their geographical reach.

Research and development activities have enabled the leading companies to innovate for improving their existing HUDs in terms of wider angle of view, clarity in projection, and easy integration with other electronic devices. Such innovations are aimed at gaining the lion’s share in the market.

Demand for Improved Safety to Boost HUD Uptake in Automotive and Aviation Sectors

The demand for head-up display mainly arises from the automotive and defense & aviation sectors. In the automotive sector, demand for these products has been surging rapidly from the high-end and luxury cars segment. The increasing demand for improved safety systems in aircrafts and automobiles is another key factor aiding the uptake of HUDs. “The automotive industry witnesses cut-throat competition, which is compelling manufacturers to explore technological innovations as a key strategy for competitive advantage. This is in turn fueling demand for HUDs from the industry as they enhance road safety by displaying critical information,” said a lead TMR analyst.

HUDs have been incorporated in combat aircrafts since decades. Due to the surging air traffic, their use in civil aircrafts is also expected to increase gradually. This recent development will in turn create opportunities for increased HUD sales. “Strong growth witnessed in the luxury car segment across emerging economies will also boost the incorporation of HUDs in the forthcoming years,” added the TMR analyst. The demand for luxury cars is rising at a robust pace in India, Brazil, China, Mexico, and Russia. All these countries boast a growing economy, rising disposable income levels, and changing demographics, which are key factors fuelling demand for HUDs.

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High Cost of Manufacturing to Limit HUD Adoption in Mid-range Cars Segment

Despite witnessing favorable growth opportunities, high cost of manufacturing is restraining the adoption of HUD around the world. Until recently, the application of HUDs was limited to the defense and military sector, because only government could afford the high investment required for its production. Despite the technology gaining a footprint in the automotive sector, small and medium scale manufacturers are yet to participate in the popular trend. The technology was thus able to attract only large manufacturers. This in turn has led to the limited deployment of HUDs.

Demand for HUDs to Increase with the Launch of Augmented Reality

Nevertheless, TMR forecasts attractive opportunities for the market in the forthcoming years. The launch of augmented reality in automotive HUDs holds immense potential for growth. The technology will provide real-time traffic information to drivers. It will also display information from driver assistance systems such as lane departure warning and adaptive cruise control.

The HUD technology has its root in the automotive industry, witnessing robust deployment in the luxury and high-end car segment. Furthermore, TMR expects the technology to gradually penetrate in the mid-range car segment, as its cost of production decreases. This will bolster sales of head-up displays in the near future.

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By applications, the aviation industry accounted for approximately 79% of the overall demand witnessed in the market. However during the forecast period from 2015 to 2022, the application of HUDs in the automotive sector is expected to rise at a faster pace. Regionally, North America led the global HUD market in 2014. Besides increasing application in the aviation sector, the rising demand for luxury cars will boost the North America HUD market at a CAGR of 19% between 2015 and 2022.

As per TMR, the global head-up display market stood at US$1.76 bn in 2014. TMR forecasts the market to reach US$7.05 bn by 2022, exhibiting a CAGR of 19.1% from 2015 to 2022.

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Military Vetronics Market – High Demand for Autonomous Operations Propels Demand for Power Systems Vetronics

With only a few established players, namely, Curtiss-Wright Corp., General Electric Co., TE Connectivity Ltd., Rheinmetall A.G., and BAE Systems Plc, in attendance, the global market for military vetronics is displaying a consolidated structure, finds a new research report by Transparency Market Research (TMR). For market penetration, these players have been concentrating especially on the technological advancements of their current offerings, such as power systems and armored personnel carriers, since long. However, they are expected to shift their focus towards mergers, acquisitions, and strategic partnerships in the near future for further expansion of their businesses, states the market report.

According to TMR, the global military vetronics market will rise at a CAGR of 5.30% during the period from 2015 to 2023 and its opportunity will reach a value of US$10.71 by the end of the forecast period. Currently, power systems are witnessing a higher demand among all types of military vetronics systems. Analysts anticipate this trend to continue throughout the period of the forecast. Among vehicles, armored personal carriers report the most prominent demand for military vetronics and is projected to remain doing so in the near future, thanks to their increased usage in military operations.

In terms of the geography, North America have emerged as the most profitable regional market for military vetronics. However, this regional market is soon to reach its maturity level, which may slow down its growth in the years to come. The market in Asia Pacific, on the other hand, is anticipated to experience a significantly high progress rate over the next few years on the grounds of the rising terrorist activities, notes the research study.

The global market for military vetronics is highly dynamic. “Various factors, such as commonality of embedded systems, network centric warfare, increasing preference for COTS-enabled SWaP specifications, and situational awareness, are driving this market substantially,” says a TMR analyst. Over the coming years, the advent of power systems are expected to propel this market, as a number of modern warfare strategies and military vehicular utilities are primarily depended on autonomous and remote controlled military operations.

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With power systems increasingly being incorporated in communication systems, the need for the deployment of high-end military vetronics is escalating, which will reflect greatly on this market in the years to come, states the research report.

Decreasing Defense Budget to Hinder Market’s Growth

In spite of the high demand for military vetronics across the world, the global market may face significant challenges in the near future from the decreasing defense budget in developed countries. The speeding demilitarization in various economies in North America and Europe is dissuading many vendors of conventional vetronics from continuing to expand in these regions, which is expected to impact the overall market negatively over the next few years. However, players are projected to shift their focus towards the scope of deploying vetronics systems in unmanned vehicles, which will normalize the effects of the limitations in the years to come, reports the study.

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