Automotive Lighting Market – Front Lighting Segment Likely to Emerge Dominant by 2025

Competition is rife in the global automotive lighting market. The presence of numerous companies exerts considerable influence on the prevailing market trends. Given the scenario, the market has witnessed considerable innovations in the recent and many more are on cards. As market players attempt gaining competitive strength, their effort toward product differentiation will rise, subsequently creating positive prospects for the global automotive lighting market’s growth, finds Transparency Market Research (TMR) in a recent study. Hella KGaA Hueck & Co, ICHIKOH INDUSTRIES LTD, General Electric Co., Magneti Marelli S.p.A, Hyundai Mobis, Royal Phillips Electronics, SAMSUNG ELECTRONICS Co., Ltd, Koito Manufacturing Co., LTD, Zizala Lichtsysteme GmbH, OSRAM Licht Group, and VALEO are some of the most prominent players.

According to TMR, the global automotive lighting market is likely to reach US$46,372.7 mn by the end of 2025, compared to US$28,250.5 mn in 2016, reporting a CAGR of 5.7% between 2017 and 2025. Occupying over 46% of the global automotive lighting market based on revenue, Asia Pacific emerged dominant in 2016. Based on application, the demand for front lighting was the highest in 2016.

The steady growth witnessed in the global automotive lighting market is significantly influenced by the expansion of the automotive industry. Lighting is crucial for a vehicle to travel along roads during dark. Besides improving visibility during bad weather conditions and darkness, automotive lighting also increases the conspicuity of a vehicle. Be it passenger or commercial vehicles, energy efficient and cost-effective lighting systems are very important to ensure safe driving. Therefore, the rising demand for vehicles, and the subsequent growth in automotive production will give significant impetus to the global automotive lighting market. Additionally, the market is likely to benefit from the rising purchasing power of consumers, especially in emerging nations. Favorable government policies are also likely to enable the global automotive lighting market gain momentum in the coming years.

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The market will gain considerably from rising focus on vehicle safety. This, coupled with the rising demand for improved road illumination, is expected to enable growth in the market in the coming years. With governments across various nations implementing more stringent laws to ensure better road safety, the automotive lighting market is likely to witness lucrative growth prospects in the coming years. To enhance road safety and make driving experience more relaxed, automakers are integrating technologically advanced lighting solutions, to enable drivers distinguish obstacles even at dark within the help of UV and IT lights. Furthermore, various signal lightings are introduced as well. These lights are adaptive to diverse ambient conditions and can respond to emergency breaks.

Fluctuating Raw Materials Prices Could Adversely Impact Overall Market

Newer trends recently introduced in the automotive sector are also creating newer opportunities for the market. For instance, the advent of ambient lighting is one of the newer applications, wherein the equipment is strategically installed in the vehicle to create a pleasing effect. In the last couple of years, the aftermarket sales of these systems have significantly increased over the years, indicating the rising demand for the same among automobile enthusiasts. The prevailing environment is therefore conducive for the steady growth of the automotive lighting market. On the downside, involvement of high initial investment and fluctuating prices of raw materials can have adverse influence on the overall automotive lighting market.

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Telecommunication Services Market – MSMEs Help Quad Play to Grow Faster with Increasing Adoption

The global telecommunication services market has been projected by Transparency Market Research (TMR) to hold on to a significantly fragmented characteristic because of several industry players operating therein. A number of established players such as Vodafone Group PLC, Bharti Airtel, and AT&T Intellectual Property have showcased themselves as leaders of the market. The engagement of innovative and forward-thinking technologies could see a rise in the coming years as players constantly seek to improve their services in the market. There could be an increasing focus on extending geographical presence and adding new services for expanding the business in the industry with the help of strategic acquisitions and partnerships.

As per a TMR report, a revenue generation of US$1.4 bn could be promised to be achieved by the global telecommunication services market in 2025. The market has been envisaged to expand at a 6.6% CAGR during the forecast tenure 2017-2025. In 2016, it had generated a revenue of US$0.8 bn. By type of package, the market could be commanded by triple play which accounted for a 38.4% share in 2016. By region, Asia Pacific has been foretold to be in the driver’s seat until the concluding forecast year while rising at a 6.9% CAGR.

High industrial activity and the expansion of micro, small, and medium enterprises (MSMEs) across the globe have been envisioned to tellingly enhance the growth of the world telecommunication services market. MSMEs have been taking to the adoption of networking technology and IT solutions for enabling convergence across multiple devices, driving capex and opex efficiencies, and improving productivity. Mobile telecommunication services could be highly demanded in the market with the increasing adoption of smartphones offering a wide range of functions. Among the various types of mobile telecommunication services, internet and phone could hold a major prominence in the near future.

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Telecommunications is a faster growing industry that particularly interests the business world. Telecommunication services could be effectively used to strengthen business relationships and build a sound communication with customers. These services also allow an uncomplicated transmission of data and provide flexibility for the benefit of the employees of an organization.

Unpopular Telecommunication Services and Expensive Value-added Services Deter Growth

Security problems and equipment expenses have been prognosticated to decelerate the growth of the international telecommunication services market. Other factors which could hamper the demand for telecommunication services have been expected to be the expensive cost of value-added services and lack of awareness among consumers.

However, the rising demand for high-speed internet and data processing, presence of e-education, e-agriculture, and other innovative services, and investment in wireless and satellite communication and other new telecommunication technologies could augment the demand in the international telecommunication services market. More opportunities have been envisioned to take shape in the market with the increasing penetration of internet of things (IoT) and advancement in technology. Telecom operators have been adopting IoT to reduce service delay times and dropped calls for refining customer service, improve coverage and bandwidth to reduce download times, and plan and monitor maintenance more efficiently.

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Virtual and Augmented Reality – Hollow Trend or Awakening to the Future of Learning

The global virtual and augmented reality market is extremely competitive with leading players having extensive geographical reach. However, the threat of new entrants is low. Top players within this market are making huge investments in the research and development in this field so as to come up with innovative products and have a strong foothold in the market. With the presence of small players developing virtual and augmented reality products for niche application areas, this market is expected to become more dynamic, states Transparency Market Research (TMR) in its recent research report. The leading companies operating within the global virtual and augmented reality market include: Google, Inc., Microsoft Corporation, Sony Interactive Entertainment LLC, HTC Corporation, and Oculus VR LLC. It is anticipated that the growing application areas of virtual and augmented reality across various end user industries will give the players immense growth opportunities on which to capitalize.

According to TMR, the global virtual and augmented reality market is anticipated to expand at a stupendous and whopping CAGR of 92.50% between 2016 and 2024. On account of this exponential expansion by 2024, this market will cross the figure of US$547.20 bn. On the basis of component, virtual and augmented reality market is currently being led by the hardware segment which is in fact estimated to retain its leading position throughout the forecast period on account of the high demand for technologically advanced mixed reality technologies such as head-up display in the automotive sector.

On the basis of geography, Asia Pacific is witnessing a spectacular growth in the virtual and augmented reality market. China is estimated to be the leading domestic market within Asia Pacific. However, North America is expected to continue to lead in the market. The contribution from the Middle East Africa and South America is low at present, but may increase in the years to come.

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Application of AR in Vehicles for Enhanced Safety to Boost Growth of Market

The global virtual and augmented reality market is witnessing and exponential growth on account of the increasing number of application areas across diverse industries such as education, health care, construction, retail, entertainment, media, gaming, automotives, aerospace, and defense. The major reason behind the expansion of the application areas of virtual and augmented reality is the substantial advancements in the software and hardware of virtual reality and augmented reality technologies. The advanced virtual reality technology applications of head mounted display in vehicles has increased and is one of the key factors boosting the growth of the virtual and augmented reality market overall. The application of augmented reality in head mounted display is offering vehicle drivers much more control of vehicles and enhanced comfort and safety levels.

High Growth Opportunities Ahead as Cost of Software to Drop with Increasing Commercialization of AR and VR Technologies

The advancements in human machine interface has led to a more interactive and informative interface for drivers which will bolster the growth of the virtual and augmented reality market. Increasing efforts by developers and technical considerations by original equipment manufacturers (OEMs) so as to improve the functionalities of AR and VR will drive the growth prospects of this market. On the other hand, extensive funds are required for the research and development in this sector. The high cost of these devices will also deter their adoption. Nevertheless, the consistent innovations in virtual and augmented reality will continue to expand the potential of growth opportunities for players. In addition to this, it is expected that over the years, the cost of software will come down with increasing commercialization of augmented and virtual reality technologies. This will further the adoption of these technologies.

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Asia Pacific to Exhibit Strong Presence in Global Email Marketing Industry

The global email marketing market is fragmented. There is intense competition in the market between players such as Microsoft Corp., IBM, Zoho Corp., Responsys Inc., and Epsilon. These companies collectively accounted for 44% of the market in 2016, states Transparency Market Research (TMR) in its new report. The competition is mainly between established players, who are providing solution and services to end use industries. High investments in various technologies and innovations for email marketing the market. Technical advancements in tools of email marketing solution and the growing research activities for the development of services and solutions will attract new players in the market.

According to the report published by TMR, the global email marketing market is likely to expand at 19.60% CAGR from 2017 to 2025. The market will be worth US$22.16 bn by 2025 after being worth US$4.51 bn in 2016. On the basis of component, the software segment is expected to emerge as the leading one in the forecast period. The increasing uptake of white label software, web based software, and third party standard software is behind the growth of the software segment’s leading position in terms of components. On the basis of enterprise, the small and medium enterprises will adopt email marketing on a larger scale. Small and medium enterprises make use of the email marketing tool for targeting various groups of users to advertise their products, services, and solutions. It is estimated that the small scale enterprises in the retail or commerce business will make the most contribution to the global email marketing industry in the years to come. 

By geography, the market is expected to be led by Asia Pacific. The region is expected to expand at a 22.80% CAGR between 2017 and 2025. North America is expected to witness a sluggish growth in the years to come on account of the various regulatory laws. In North America, the U.S. and Canada the CAN-SPAM Act and CASL act are governing the email marketing practices. However, the growing internet penetration and increasing number of smartphone users may bode well for the North American email marketing market in the coming years.

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Growing Number of Email Users to Fuel Adoption of Email Marketing

The increasing use of emails for communication and various other works is driving the global email marketing market. The number of email users is constantly increasing and this is expected to continue to drive the global email marketing market. Email is the most productive medium for advertising and marketing and by 2019 one third of the population will make use of emails. The growing awareness among users as to how email marketing provides a higher RoI rate than other forms of digital marketing will drive the growth of this market. On the flip side, the growing privacy issues and security concerns will restrict the growth of the global email marketing market.

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mHealth Services Market – Overview with Qualitative analysis, Competitive landscape & Forecast 2020

The global mHealth services market is detailed in a new market research publication from U.S.-based Transparency Market Research. The market is estimated to be rising at a flourishing 23.9% CAGR between 2014 and 2020, translating to a rise in valuation from US$5.79 billion in 2013 to US$23.39 billion by 2020.The report, titled ‘mHealth Services  Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020’, segments the global mHealth market according to application, type of service, and type of end user. The segments of the market by all these criteria are submitted to thorough examination and historical and projected values are given for each segment. The performance of each segment in each regional segment of the global mHealth market is also detailed. This helps provide a comprehensive snapshot of the global mHealth services market.

The global mHealth market benefits primarily from a combination of rising awareness about the benefits of mHealth services and rising ubiquity of 3G and 4G communication networks. The convenience of mHealth services to both doctors and patients has come to the fore in recent years, thanks to growing preference for homecare, as rehabilitation in the comforts in their own homes is preferred by a majority of patients. Homecare also eliminates the hospitalization bills for patients and frees up hospital resources for other, perhaps more urgent uses. This, according to TMR analysts, is one of the most prominent drivers of the mHealth services market.The growing demand for homecare is complemented by the emergence of next-gen communication technologies, which have made the rise of mHealth services possible. While ‘mHealth’ was limited to calls between the patient and the doctor in the past, the emergence of 3G and 4G communication technologies has made it possible for the two parties to hold video calls, making the interaction more intimate.

mHealth services also include monitoring and diagnostic services that would not have been possible without modern smartphone technology. Thus, the unending rise of the smartphone market has broadened the horizons of the global mHealth services market.Accordingly, the dominant application segment of the global mHealth market is that of remote monitoring, collaboration, and consultancy. This segment is expected to grow at a stunning CAGR in excess of 28% in the forecast period, considerably higher than the overall market’s CAGR. This segment is also aided by the growing geriatric population all over the world, since elderly people are more likely to fall prey to chronic diseases that require long-term monitoring, and also to prefer homecare over hospitalization.

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Due to the prevalence of high-end communication technologies and easy incorporation of the same in existing healthcare infrastructure, the North America market for mHealth services emerged as the leader in the global market in 2013. Europe followed North America, but continuous advancement of the healthcare sector in Asia Pacific countries is expected to elevate the share of this regional market in the global market.The report also includes a detailed analysis of major companies operating in the global mHealth services market, such as AT&T Inc., Koninklijke Philips N.V., Symantec Corporation, Vodafone Group plc, and Alcatel-Lucent Corporation.

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Interesting Opportunities Artificial Intelligence Bring to the Area of IoT

The global artificial intelligence market is anticipated to demonstrate a positive trajectory of growth in the forthcoming years, according to a recent study by Transparency Market Research (TMR). Currently, the worldwide artificial intelligence market is steered by industry giants such as Microsoft Corporation, Next IT Corporation, IBM, Google Inc., QlikTech International AB and Nuance Communications. These enterprises are investing in developing business strategies along with mergers and acquisition pursuits with other established market vendors.

According to TMR, the global artificial intelligence market, with a high CAGR of 36.1%, is expected to reach a valuation of US$3,061.35 bn from US$126.24 bn in 2015 over the forecast duration, i.e. between 2016 and 2024. The deep learning segment is expected to be a leading segment, holding over 21.6% of the total market share.

The report classifies the report based on type such as embedded systems, expert systems, automated robotic systems, artificial neural networks, and digital assistance systems. Among these, the segment for expert systems is anticipated to emerge for as the dominant one over the forecast duration due to the surge in implementation of AI in various applications such as process control, its monitoring, design, diagnosis and management.

Geographically, North America is expected to be a significant market revenue holder, while currently responsible for 38.0% of the aggregate share. This is due to the vicinity of leading players being concentrated in the region, along with support from governments in the form of funding and acceptance of AI. The technology is being implemented in a number of applications such as consumer electronics, BFSI, advertising and media and retail, further contributing to the growth of this region.

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Demand from Automotive Sector to Offer Lucrative Market Opportunity

Artificial Intelligence is gaining popularity because of its perplexing, information driven applications, for instance, voice and picture acknowledgment. Artificial intelligence offers advantages of high information volumes, high figuring force, and change in information storage. Increasing self-driving vehicle market and developing venture into inquire about and improvement will bring about solid demand for artificial intelligence in the automotive industry. Swift growth in information storage capacity, parallelization high computing powers of the PCs have contributed to the fast track of artificial intelligence along with the technology of robotics in end-use industries like healthcare and automotive. Further, the need for understanding and analyzing visual contents, for gaining meaningful insights, is expected to provide traction to the industry over the coming years.

Surge in interest for driverless cars, unmanned aerial vehicles, common avionics for vehicle tracking and auto control are anticipated to fuel development in artificial intelligence market over the globe. Many organizations, for instance, Tesla Motors, Google, Apple etc., are predicted to dispatch their driverless autos by 2018. Besides, AI is evaluated to strongly affect human services progressions and prompt more precise medicines and counteractive action of therapeutic conditions.

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Hadoop Market – Rising Popularity of Big Data Analytics to Present Long-term Growth Opportunities

In the consolidated global Hadoop market, the top three vendors, Cloudera, Inc., Hortonworks, Inc., and MapR Technologies, Inc., held a collective share of over 50% in 2014, with small- and medium-sized companies accounting for a nearly 41% share in the global market in the same year. With demand for Hadoop solutions rising at a rapid pace from companies overwhelmed with the persistently mounting volumes of digital data, an increased number of companies will venture in the market in the next few years, states TMR in a recent report.

The largest contributor to the market in 2014 was Cloudera, Inc., which held over 20% of the market. Technology giants such as IBM Corporation and EMC Corporation presently account for relatively smaller share in the market but are steadily contributing towards the further development of this market with innovative Hadoop solutions. IBM Corporation has adopted the course of mergers and acquisitions to bolster its position in the global Hadoop market and could report a greater share in the pie in the coming years, notes TMR.

Better cost effectiveness and faster processing of voluminous quantities of data compared to conventional data processing solutions such as RDBMS are two of the most encouraging factors boosting the global adoption of Hadoop. Other major drivers of the market include the exponentially rising unstructured data volumes, the increased demand for big data analytics, and Hadoop’s potential in bridging the operational gap between managers and database management.

“Cost effectiveness and high speed of data processing are expected to have high impact on the global Hadoop market’s growth over the entire period of 2015 through 2023. However, the impact of the increased demand for big data analytics will be nominal in the short term but strengthen as the time passes,” quoted a TMR analyst.

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Emerging Markets to Deliver Most Profitable Returns

North America is presently the largest regional market for Hadoop, accounting for a share of over 53% in the global hadoop market in 2014. The demand for Hadoop in North America is expected to expand at a steady rate from 2015 to 2023 as well, and the region will continue to be the dominant regional market for Hadoop over the period.

However, the Hadoop market in Asia Pacific is expected to expand at the fastest pace of 30.2 % CAGR over the said period. The Asia Pacific market will present lucrative growth opportunities owing to the rising penetration of the Internet in the region, technologically and digitally improving industrial infrastructures, and the exponentially rising numbers of mobile device users. The global Hadoop market is also expected to see major traction in Europe in the next few years owing to the rising big data management capabilities across sectors such as government, retail, and BFSI in the region.

Owing to the vast growth potential, leading Hadoop vendors are aligning their expansion strategies towards these regions. Cloudera, Inc. has recently opened a new branch in Londdon. MapR has also ventured in the European market via its new subsidiary in Paris.

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These factors will allow the market to tread along a momentous growth path in the next few years. TMR analysts suggest that the market will expand at an exponential 26.3% CAGR over the period between 2015 and 2023. With such excellent growth prospects, the market, which had a valuation of US$308.1 mn in 2014, is expected to rise to US$2,429.0 mn by 2023.

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