Automotive Electronics Market: Players Resort to Organic Growth Route for Competitive Gains

The global automotive electronics market displays intense competition due to the presence of a large of established companies. Going forward, the competition in the market is likely to further intensify with the influx of new participants.

Prominent participants in the global market for automotive electronics include Infineon Technologies AG, Maxim Integrated Products Inc., ON Semiconductor Corp, OMRON Corporation, Hitachi Ltd., Texas Instruments Inc., ST Microelectronics N.V., NXP Semiconductor NV, Robert Bosch GmbH, and ZF Friedrichshafen AG.

As per estimations of a commerce and business intelligence study by Transparency Market Research (TMR), the global market for automotive electronics will rise at a CAGR of 7.4% for the forecast period of 2017 to 2022. At this pace, the market will reach a valuation from US$5,048.9 mn by the end of 2022 from its estimated valuation of US$3,530.7 mn in 2017.

Among the key vehicle type segments, mid-sized passenger cars is anticipated to hold a significant 26.2% market share in 2017. Geography-wise, Europe is likely to emerge as a key region for automotive electronics in 2017.

Majorly fuelling the global automotive electronics market is rising safety considerations among consumers that greatly influence their decision for buying automobiles. Automotive electronics include gadgets and devices that function on electrical systems. Advanced driver assistance, in-car entertainment, electronic fuel injection, airbag, and telematics are some of the areas where automotive electronics are installed to enhance overall efficiency.

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High-end electronics provide navigation, entertainment, and information features that are transmitted over a wireless network. In particular, infotainment systems that are embedded in dashboard hold considerable significance for car buyers. This, however, requires additional storage space for advanced software applications and rich multimedia leading to an explosion in the demand for both volatile and nonvolatile memories.

Further, with the rising popularity of electric and hybrid vehicles, automotive electronics are likely to gain the attention of automotive electronics manufacturers. Moreover, technological advances such as electrical active suspensions for electric vehicles is anticipated to augment the applications of power electronics in the automotive industry.

In several developed countries, state-driven vehicular safety initiatives such as the New Car Assessment Program in Europe are aimed to increase the overall road safety of vehicles. This is compelling automotive component manufacturers to explore newer technologies so as to reduce the possibility and impact of accidents. At present, cars are equipped with nearly 40% electronic based components, and this percentage is likely to increase with alterations in regulations governing the automotive industry.

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Surface-Mount Switches Market – Industry Shares, Market Strategies And Key Players

A method of producing electronic circuits is called Surface-mount technology (SMT). In Surface-mount technology, components are directly placed or mounted onto the surface of printed circuit boards (PCBs). An electronic device made in such a way is called surface-mount devices (SMD). One of such device is the Surface-mount Switches. Presently, surface-mount switches are used in majority of the electronic devices produced using surface-mount technology.

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The factors driving the growth of the global Surface-mount switches market are the introduction of new electronic devices, miniaturization, higher speed of production for these devices, and mass-production of electronic hardware devices. Moreover booming electronic contract manufacturing services sector has positively impacted the growth of surface mount switches market. 

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Increasing demand for LED/LCD television sets, mobile phone, CFL and LED lighting, and other consumer electronic devices is expected to raise the demand for surface-mount switches in coming years. Rising demand for more light weight and efficient electronic devices in the field of automation and medical sector is expected to propel the market for surface-mount switches.

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Despite of its several advantages, there are certain factors restraining the growth of the Surface-mount Switches market. These includes high cost of surface-mount switches, and the unsuitability of surface-mount switches for high power or high voltage electronic parts. Moreover, repairing the surface-mount switches require very highly skilled personnel and tools.

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Payment Security Software Market – Digital Transformation in Payment Methods to Fuel Demand

According to a research report by Transparency Market Research (TMR), the global payment security software market is characterized by innovation in technology. Strategic alliances among software and hardware providers is also a key trend in this market. The leading vendors of payment security software, such as Symantec, Intel, Cisco Systems, HCL Technologies, and Thales e-Security, are engaging into mergers, acquisitions, and partnerships increasingly in a bid to strengthen their presence across the world. Over the forthcoming years, the market is expected to move towards consolidation, which is anticipated to intensify the competition between the companies, notes the research study.

The report estimates the opportunity in the worldwide market for payment security to expand at a CAGR of 8.90% during the period from 2017 to 2025, reaching US$23.7 bn by the end of the forecast period. Currently, security information and event management (SIEM) software reports a greater demand from end users and this trend is projected to continue over the next few years. Among end users, the banking, financial services, and insurance (BFSI) sector is registering a high adoption of this software. Mobile payments have surfaced as the most preferred mode of payment for cashless transaction, which is reflected on demand for payment security software in this segment.

Thanks to the increased uptake of online payment methods, North America has emerged as the leading regional market for payment security software. With the rising investment in online payment technology, this market is anticipated to retain its position over the period of the forecast, states the research report.

“The increasing number of cashless transactions is the main factor behind the rising demand for payment security software across the world,” says a TMR analyst. With the ongoing digital transformation, the payment market is witnessing a significant change in the pattern of financial transactions, which is shifting towards cashless increasingly.

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The digitization across industries is leading to high investments in the development and the deployment of new technologies, encouraging them to come up with technical competence that ensure fast, secure, and easy financial transaction and exchange of information over the Internet. As online payment is susceptible to a number of security threats, the need for payment security software is increasing constantly to prevent the losses incurred due to frauds and data breaches.

Stringent Government Regulations to Act as Hindrance

Although the global market for payment security software is anticipated to witness a thriving future over the forthcoming years, it may face several roadblock on the way. The stringent regulations governing the introduction and implementation of innovative security systems and solutions may pose a challenge to this market in the years to come. The increasing apprehension of consumer towards online payments, triggered by the surge in cyber-attacks and cases related to fraud, is also projected to hamper the market’s growth over the forthcoming years. However, technological advancements in payment security systems are expected to reduce the impact of these factors in the near future, states the research report.

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Wireless Communication Chipset Market – Key Technologies and Future Applications

A wireless chipset, also known as wireless adapter or wireless internet card, is a computer hardware system that enables communication with other wireless enabled devices. Wireless local area network (WLAN) adapters or WLAN cards use these chipsets for the high-speed transfer of data. Wireless cards with 802.11g or 802.11b wireless technology are the most common wireless chipsets.

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Since the recession in 2009, the global market for wireless communication chipset has experienced massive surge in demand and the growth rate is expected to continue to be robust during the forecast period of 2015 to 2023. This report on global wireless communication chipset market is a comprehensive analysis of the current scenario, and analyzes all factors that are expected to influence the growth rate over the course of next few years. The report also highlights some of the trends in the market and segments it based on type of product, application, and geography. It also profiles some of the key companies currently operational in the market, exploring their market share, product portfolio, and development strategies.

Based on type of product, the global wireless communication chipset market can be segmented into Wi-Fi or wireless chipsets, mobile WiMAX chipsets, ZigBee Chipsets, wireless video or display chipsets, and LTE chipsets. Based on IEEE standards, the market is divided into 802.11n, 802.11a/b/g/h, 802.11ad, 802.11ac, 802.15.3c, 802.16e, 802.16m, and 802.15.4. On the basis of special chipsets, the market can be segmented into HD and traditional for display chipsets, combination and stand-alone chipsets for mobile WiMAX chipsets, low-power and traditional for Wi-Fi/WAN chipsets, single-protocol and multi-protocol for ZigBee chipsets, and single and multi-mode for LTE chipsets.

In the past decade, mobile devices such as smartphones, laptops, and tablets have quickly become essential products among the urban population and concurrently, the demand for high speed data connection has escalated. This factor is the primary driver in the global market for wireless communication chipset.

Some of the key players in the global wireless communication chipset market are Altair semiconductor, Inc., Broadcom corporation, Atmel corporation, Free Scale Semiconductor, Inc., Amimon Ltd., Gain Span Corporation, Green Peak Technologies Ltd., Gct Semiconductor, Inc., Marvell technology group, QUALCOMM, Inc., Intel corporation, Sequans Communications SA, Silicon Image, Inc., and Texas instruments, Inc.

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Wearable Lifelogging Cameras Market – Influential Factors Determining the Trajectory of the Market

Wearable lifelogging cameras allows a user to capture pictures automatically and continuously from a first- person perspective. Lifelogging refers to the act of sharing and storing one’s life events on a real time basis in the public forum. Life loggers use wearable cameras to record their travelogues and other day to day activities. Wearable lifelogging cameras are synonymous with Sousveillance which refers to visual monitoring, studying, and analyzing actions from the first-person perspective. Wearable lifelogging cameras offer advantages over DSLR and other cameras in terms of being lighter in weight, the ability to carry it easily anywhere and the fact that it is always in functional mode.

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Wireless connectivity, Bluetooth facility, improved image quality and interface, better light sensitivity, and sleek design are some of the other features which make wearable lifelogging cameras more sought-after. A wearable lifelogging camera is typically placed on a person’s body, or mounted to any object in the surroundings. Apart from recording movies and images, wearable lifelogging cameras also record locations, audios, and accelerations.

The global wearable lifelogging cameras market is driven by several factors such as rise in sports and adventure activities, consumer applications, and public safety. For sports, the use of wearable lifelogging cameras provides a creative, convenient, and effective way of capturing activities in high definition and record critical moments which are too fast to record with the human eyes, with much more precision, clarity, and accuracy. These cameras are also used widely by adventurers who do not have to keep their hands preoccupied by holding smart phones or DSLR cameras to capture their travel journey. Further, wearable lifelogging cameras help in maintaining public safety by capturing and recording evidence, and recording road accidents, which results in improved and faster police encounters, and enhanced trials in courts.

Wearable lifelogging cameras are also being used in the healthcare sector to record day to day physical activities and inactivity, and recording diet plans, among others without the intervention of the person concerned. Implementation of wearable lifelogging cameras in the education industry is also likely to play a key role in driving the growth trajectories of the market further. The use of wearable lifelogging cameras inside classrooms will help to check disciplinary issues, record a student’s behavior in the class room, analyze the performance of the teachers, and record the daily lessons taught.

Some of the key players operating in the global wearable lifelogging cameras market are Panasonic, Sony, Liquid Image, MeCam, Glaxxes, LifeLogger, NewViewWear, Looxcie, Veho, ParaShoot, and Narrative among others.

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Telecom Order Management Market: Leading Players to Focus on Regional Expansion

With the continual advancement in information and telecommunication technology, the competition within the global market for telecom order management is expected to intensify significantly over the next few years, states a new research report by Transparency Market Research (TMR). Ericsson AB, Amdocs Corp., Cerillion Plc, IBM Corp., ChikPea Inc., Comarch SA, Fujitsu Ltd., Pegasystems Inc., Neustar Inc., and Oracle Corp. are some of the prominent vendors of telecom order management solutions across the world. These players are likely to focus on strengthening their position in the global market by regional expansion in the near future, notes the market study.

According to the research report, the global telecom order management market was worth US$1.91 bn in 2016. Analyst project the market to rise at a CAGR of 8.80% during the period from 2017 to 2025 and reach US$4.05 bn by the end of the forecast period. On the basis of the component, the demand for telecom order management solutions is comparatively higher than services and the trend is projected to continue in the years to come. In terms of the deployment, the demand for on-premise installation of telecom order management solutions is greater at present; however, the cloud mode of deployment will also gain prominence in the near future, thanks to the increasing trend of cloud computing across the world. Geographically, the worldwide market is led by North America. Followed closely by Europe, this regional market is likely to remain on the leading position in the years to come, states the research report.

“The rapid rise in the number of connected devices and the augmenting pool of subscribers are the main factors that are influencing the global market for telecom order management significantly,” states an analyst at TMR. The increasing consolidation of services that network operators and telecom service providers are offering, is also fueling the demand for telecom order management solutions across the world. As the customer expectations continue to rise, various service providers are providing voice, data, video, internet, content, gaming, and location-based services bundled with a number of devices in a bid to retain their customers, which is leading to a severe order management complexity and is resulting in the rising demand for telecom order management solutions.

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Resistance in Adopting New Technologies to Hamper Market

Overall, the future of the global market for telecom order management looks bright; however, the resistance in adopting new technologies and taking up structural changes in systems accordingly, and the rising need for skilled professionals to manage the telecom orders may hinder the growth of this market in the years to come. The presence of compatibility issues with existing solutions and the absence of standardization are also projected to act as a hindrance to the growth trajectory of this market over the next few years. However, the continual advancements in next-generation telecom order management solutions will be supporting this market remarkably in the near future, reports the research study.

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Mobile Money Market – Burgeoning Mobile Penetration in Emerging Economies to Accentuate Growth

Some of the players that hold dominance in the global mobile money market are PayPal Holdings, Inc., Square, Inc., WePay, Inc., Boku, Inc., and Fortumo OÜ. The entry of new players is intensifying the competitive landscape. As competition heats up, there is emergence of companies such Judo payments, Bango.net Ltd., and Dwolla, Inc. rising to the forefront, observes Transparency Market Research. The leading players account for a share of 40% in the global market in 2015.

Prominent players are consolidating their positions by opting for acquisitions. Several key players are focused on develop advanced products with innovative features and advanced functionalities, in a move to gain a competitive edge over others. A number of emerging and established players are targeting small- and medium-sized enterprises and offering user-friendly and secure mobile payment features in order to fortify their presence in the global market. As a part of short-term strategy, these players are tapping lucrative opportunities in the economies of Middle East and Europe.

The global mobile money market is projected to rise at an impressive CAGR of 22.0% from 2016 to 2024. The market was valued at US$17.25 bn in 2014, vis-à-vis revenue.

The various modes of payment for mobile money broadly comprise SMS, NFC, mobile billing, and USSD/STK. Of all the modes, the SMS mobile payment segment held the dominant position in 2015 and is anticipated to hold its sway throughout the forecast period.  The market is projected to rise at a leading pace through 2024. The growth of the segment is driven by their vast uptake attributed to significant convenience and marked ease of SMS payments.

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Regionally, the market is segmented into the Middle East & Africa (MEA), Latin America, Asia Pacific (APAC), Europe, and North America. Of these, Europe held the leading share of the global market and is predicted to retain its top position throughout the assessment period. However, the MEA is projected to rise at major CAGR during 2016 – 2024. The stellar growth of this regional market is attributed to the rising Internet and tablet penetration and substantial advancements in the telecommunication technology sector.

The burgeoning penetration of smartphones and mobile telephony in numerous emerging economies is a key factor driving the demand for mobile payments. The extensive demand for SMS-based payment operations is attributed to the marked convenience of these operations.

The vast popularity of transactional payments via SMS in various countries of the MEA, APAC, and Europe has accentuated the growth of the market. The rapidly emerging demand for mobile billing, WAP-based payments, and payment clients in various developing and developed economies is boosting the mobile money market. In addition, the rising prominence of money transfers and payments segment is a key factor driving the market.

The advent of more secure mobile payment methods is bolstering the demand among affluent consumers in developing and developed nations. The demand for secure payments among BFSI, hospitality, and energy sectors is providing a robust impetus to the growth of the market. In addition, NFC and UUSD/STK modes of mobile payments are gaining traction in the coming years. Furthermore, the growing popularity of airtime transfers and the vastly rising demand for top-ups are notable factors catalyzing the growth of the market.

Financial Data Breach Concerns Key Impediment, Rising Telecom Sector to Present Lucrative Avenues

The mounting concern of phishing attacks, data breach, and financial data manipulation among mobile users is a crucial factor likely to hinder the market. In addition, presence of disparate systems across different transactions and services is also impeding the growth of the market to an extent. In addition, the lack of well-defined financial inclusion policies practiced by governments is a key factor acting as a bottleneck to the market. Be that as it may, the growing mobile penetration in several emerging markets has unlocked a slew of opportunities for telecommunication operators to capitalize on. In addition, the substantially rising demand for mobile payments features among connected device manufacturers and service providers is a key factor expected to open up exciting prospects in the market in the coming years.

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