Biochemical Sensor Market | Application across Diverse Industries, Especially Healthcare, to Boost Growth

The rising demand from the healthcare sector has emerged as one of the chief drivers of the global biochemical sensor market. This, coupled with the growing awareness among people about wearable technology, has helped the market record robust growth in the last few years. With investments in the healthcare sector forecast to scale higher, the biochemical sensor market is likely to gain from the larger adoption of technologically advanced medical devices. In addition, government initiatives aimed towards ascertaining food safety will boost application of biochemical sensors in the agricultural sector, thus helping the market gain considerable momentum.

Biochemical sensors are mostly used in clinical trials and in the diagnosis of chronic ailments. Besides this, government initiatives encourage their use in agriculture. Considering this, the rising population will fuel the demand for food products thus giving impetus to the biochemical sensor market. Furthermore, the rising aging population and the increasing incidence of chronic ailments will boost the demand for precise diagnosis, thereby giving impetus to the global biochemical sensor market. The global biochemical sensor market is forecast to reach US$58.48 bn by the end of 2025. It stiid at US$17.1 bn in 2016. If these figures hold true, the global biochemical sensor market will exhibit a CAGR of 14.7% between 2016 and 2025.

On the basis of product, the market for biochemical sensor is segmented into electrochemical sensors, optical sensors, gas sensors, thermal sensors, piezoelectric sensors. Based on film deposition material the market for biochemical sensor is segmented into titanium oxide, fluorine doped tin oxide, silicon oxide, aluminum oxide and others. By application the market is classified into clinical diagnosis, environmental monitoring, food quality control, military and others. Regionally North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America make the key market segments.

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Asia Pacific Market for Biochemical Sensors to Beat Other Regions Based on CAGR

Regionally, North America has emerged as the leading market for biochemical sensors in the world. It held over 29% of the global biochemical sensor market in 2016. The region has been at the fore of research and development, besides which its sophisticated healthcare infrastructure has provided much needed impetus to the market. In addition, the region’s substantial investment in the military and defense sectors will fuel the demand for biochemical sensors. As food security is a major concern, the application of biochemical sensors is quite high in North America’s food sector. This is yet another factor boosting the region’s biochemical sensors market.

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Next Generation Processors Market | Demand for Automation in Consumer Electronics to Boost Growth

The tremendous demand for next-generation processors across the globe has led to the emergence of several new vendors in the global market. These market players are trying their fortunes on the pretext of earning rewards through the growth of the electronics industry. However, it is difficult to challenge the strong position of the leading vendors in the global next-generation processors market, and the newbies are at a risk of toppling down.

The leading market players including Acer Group, Intel Corporation, and VIA Technologies, Inc, have risen to prominence in the global market for next-generator processors over the previous decade. The strong position of these vendors is vindicated by the enhanced performance of their processors, and these players are on the lookout for further improving their product offerings. These vendors are also expected to tap into the market of emerging economies such as India, China, and Japan.

Transparency Market Research finds that the global market for next generation processors would expand at an astral CAGR of 17.6% over the period between 2016 and 2024. Furthermore, the global market is expected to touch a value of US$165.27 bn by 2024, escalating up from a value of US$41.41 bn in 2015. The market in North America is expected to accumulate the highest revenues amongst all other regional pockets over the forthcoming years. By end-use, consumer electronics are projected to attract the highest demand within the global next-generation processors market.

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Several factors including the popularity of smart phones, intelligent buildings, and automated systems has led to the growth of the global market for next-generation processors. Furthermore, the tremendous advancements in the domain of internet of things (IoT) has also contributed to the growth of the global next-generation processors market. Besides this, the automotive industry has been steadfast in adopting smart electronics while manufacturing cars and other vehicles. Another key propeller of demand is the use of next-generation processors in ventilation systems, air cooling systems, and heaters.

The growth of gaming apps and smart TVs coupled with the efforts of the electronics industry to promote next-generation processors has also led to the growth of the global market. Lastly, the heavy reliance of the masses on electronics in every sphere of work shal prove to be a lauch pad for market growth in the years to come.

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Touch Screen Display Market | Continued Demand from Retail Kiosks

The global touch screen display market is experiencing extreme competition in the market, observes Transparency Market Research. The fierce competition is among some of the leading players in the market such as Samsung, Fujitsu, 3M, Panasonic Corp, and LG Electronics. The prominent players are also highly focusing on mergers and acquisitions that could help them to expand their business. Focus on research and development activities in increasing, as players want to use innovative technologies and develop new products. Emerging economies is also seen lucrative opportunity by the players due to the presence of cheap labor and high availability of raw materials.

Statistics presented by Transparency Market Research, the global touch screen display market is anticipated to reach a valuation of US$93.8 bn by the end of 2024 progressing from US$44.4 as estimated in 2015. Over the forecast tenure between 2016 and 2024, the global market is projected to expand at 8.90% CAGR.

The application of touch screen display is high in retail kiosk as these screens are highly preferred as compared to other applications in this segment. The retail kiosk segment is expected to lead the market due to presence of multiple retail outlets spread across the globe. On regional front, North America held 35% market share in 2015. Over the forecast period, this region is expected to continue its dominance owing to the presence of key manufacturers in the region. On the other hand, Asia Pacific is also projected to be one of the key regions for the growth of this market due to increasing demand for touch screen display in this region.

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Retail Sector to Play a Crucial Role in Fueling Demand for Touch Screen Display 

Application of touch screen display is seen in retail kiosks, gas pumps, public transport kiosks, car wash centers, automated teller machines (ATMs), sports arenas, parking terminals, medical equipment, and trade shows and exhibitions. Thus, with the growing application the demand for touch screen display is expected to grow significantly in the coming years. Among these applications, retail kiosk to lead the market as large number of retail outlets use touch screen display across the globe. This has given a significant push to the market’s growth. Moreover, to increase customer engagement various retailers are also adopting these advanced technologies. Introduction of infrared touchscreen and gesture sensing is also expected to benefit the market growth.

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Households Boost Residential Segment as they Continue to be Key Users of Water Meter Market

According to Transparency Market Research (TMR), the global water meter market is anticipated to witness a robust growth in coming years owing to a steady CAGR of 4.5%. The worldwide water meter market was evaluated to be worth US$ 3.5 bn in 2015 and is relied upon to achieve a worth of US$ 5.2 bn before the finish of 2024. Asia Pacific is required to lead the worldwide market all through 2016 to 2024.

The enhancing foundation in the district and a solid nearness of a few water meter makers are relied upon to keep Asia Pacific local market at the front line. In view of use, the private portion held the prevailing offer in the worldwide market in year 2015. The report recommends that the private portion will keep on leading as family units will keep on being key clients of water meters amid the figure time frame.

Water Depletion Concerns has fueled the Demand for Water Meters in the Market

Water utilities have indicated unmistakable fascination in embracing water meters as these gadgets have developed throughout the years to help customers and specialist co-ops to comprehend the measure of water utilization. The exactness of this hardware has improved charging strategies and enabled utilities to dissect water utilization and its wastage. Throughout the years, a few sorts of water meters have picked up a market share in the worldwide market inferable from their significance in monitoring water, vitality, and lessening the use on water bills. The undeniable actuality about draining water assets have raised worries about measures to diminish water utilization and wastage over the globe.

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Government Activities for Water Conservation to Play Vital Role in Overall Demand

Governments are in this manner taking activities for the same through bringing issues to light and introducing water meters to examine the required measure of water for different purposes, its wastage assuming any, and techniques for safeguard it. A few buyers over the globe are likewise settling on water meters as they help in enhancing the bill, consequently sparing vitality and assets. The consistent incorporation of smart innovations has prompted the presentation of keen water meters, which has expanded the take-up of these items in the course of recent years.

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Collaborative Robot Market | North America Dominates Owing To Presence of Major Players

The global collaborative robot market is likely to witness high competition, as the leading players in the market are constantly expanding their geographical reach in various regions and strengthening their position at the global level. Robert Bosch GmbH, Kuka AG, Kawasaki Heavy Industries Ltd., Nachi Robotic Systems, Inc., and ABB Ltd. are some of the prominent players in the market. Innovation and technological advancements are important strategies that is being imposed by these players. Moreover, to meet the growing needs from the end use industries, players are introducing new products. They are also investing heavily in research and development activities for collaborative robots that will in turn expand the market’s growth in the near future.

According to Transparency Market Research, the global collaborative robot market is projected to rise at healthy CAGR of 30.0% during the forecast period between 2016 and 2024. Thus, at this CAGR the valuation of the market is expected to touch US$95.0 bn by the end of tenure in 2024 by progressing from US$10.3 bn as estimated in 2015.

The application of collaborative robot is widely seen in material handling segment. This segment is projected to lead the global collaborative robot market throughout the forecast period by holding highest share in the market. This is because robot plays an important role in storing materials in warehouses and in distribution centers. Based on regional analysis, in 2015, Europe dominated the market in terms of revenue and the region held 36.4% of share in the overall market. However, Asia Pacific is likely to offer lucrative opportunities, as the manufacturing activities are gaining momentum in this region.

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Advanced Technologies Used by Manufacturers to Benefit Collaborative Robot Market

The main factor considered for the growth of collaborative robot is their ability to select perfect product assisting largely in the automaton companies. Adding to it, these robots are also capable of working with other machines with zero interference and no strict requirement for safety. Thus, these applications has grown the demand for collaborative robots in various industries that is likely to benefit markets growth in the coming years. Moreover, manufacturers are constantly making efforts in humanization of these robots by using advanced technologies that are also escalating the demand in the global collaborative robot market.

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Pet Wearable Market Set to Grow Into a Billion Dollar Market

The global pet wearable market to grow significantly due to the growing awareness about the fitness, pet health, and safety. Tech-savvy owners have also shown huge interest in pet wearable as it helps in tracking their pets and helps them in maintain and checking their health. However, pet wearable is currently in its nascent stage and is projected to grow at a large scale in the forthcoming years. The demand for pet wearable is high in developed regions and is also growing intensely in developed regions as well.

In a recent report published by Transparency Market Research (TMR), the global market for pet wearable is projected to rise at a healthy CAGR of 12.0% during the forecast period between 2016 and 2024. The valuation of the global pet wearable market is expected to reach US$2.5 bn by the end of 2024 from US$1.0 bn earned in 2016.

Growing Use Pet Wearable to Track Farm Animals to Benefit Market Growth 

The global pet wearable market is classified on the basis of technology type and application. The application of pet wearable is seen in behavior monitoring and control, medical diagnosis and treatment, identification and tracking, facilitation, security, and safety. Until now, the application of pet wearable was largely seen in the identification and tracking segment. On the contrary, identification and tracking devices for farm animals and pets is expected to experience marginal decline in the near future. This is because of the availability of similar products that have sophisticated and more advanced features.

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Based on the technology type, the pet wearable market is divided into radio frequency identification (RFID), GPS, sensors, and others. Among these segments, GPS segment is likely to gain traction in the coming years. This is due to advancing wireless infrastructure and telecommunication technologies that have accelerated to adoption of GPS collars coupled with monitoring devices for pets. The GPS installed devices helps in tracking lost or stolen pets. In addition, the demand for RFID technology is likely to grow over the forecast tenure as it give scope to reshape traditional process and expand its capability.

Growing Demand for Pet Wearable by Tech-Savvy Owners in Developed Economies to Surge Market Growth 

On the regional front, Europe and North America dominates the global market for pet wearable by holding approx. 75% collectively. The demand for pet wearables is comparatively high in these regions due to strict rules for animal safety and treatment and higher purchasing power.  Strict regulations imposed by government has forced the people who have pets to buy products such as behavior modification devices and bark collar. Moreover, tech-savvy pet owners prefer to use sophisticated technology and spend  largely on pet wearables which will also boos the demand in the pet wearable market.

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Future of Lithium-ion Battery Market: Demand, Technologies and Investments

Lithium-ion Battery are a part of rechargeable battery group. Lithium-ion batteries offer high storage capacity, better efficiency and long lifecycle than other batteries. The demand for these batteries are increasing in various applications such as consumer electronics products, automotive application such as EVs and HEVs and energy storage systems in power plants and household electricity. The global lithium-ion battery market is anticipated to grow with a significant rate between 2016 and 2024. The rising demand for electronic devices and the stringent government regulations to control pollution level are expected to drive the lithium-ion battery market during the forecast period.

The lithium-ion battery market is foreseen to grow notably during the span of forecast period, as these batteries offer benefits, for example, higher productivity and longer life expectancy opposite different batteries. Quick development in the consumer electronics sector and a rising inclination toward renewable clean energy in automobile segment are likely to drive the lithium-ion battery market in the coming years.

As far as application is concerned, the lithium-ion battery market is categorized into automotive, consumer electronics, and industrial and grid energy. Consumer electronics is anticipated to be the major segment of the global lithium-ion battery market in the forthcoming years. In terms of power capacity, the lithium-ion battery market is divided into 48– 95 Wh, 5– 25 Wh, 18– 28 KWh, over 300 KWh, and 100­– 250 KWh. Regarding value, 5– 25 Wh lithium-ion battery, which is principally utilized in cell phones, is assessed to be the key fragment of the lithium-ion battery market during forecast period, representing an share of over 30% back in 2015.

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The global lithium-ion battery market is expected to expand at a CAGR of 11.6% during 2016 to 2024, with an evaluation if worth US$29.68 bn in 2015 and is anticipated to achieve US$77.42 bn by the end of 2024.

Increased Usage in Energy Storage Devices to Fuel Demand

The increasing popularity of lithium-ion batteries in energy storing devices, for example, solar grids in industrial and household unit applications is foreseen to give extensive development chances to the market. In any case, the less awareness with respect to the advantages of these batteries and the high expense contrasted with traditional lead acid batteries may hamper the development of this market. In any case, attributable to market saturation in a few regions, the interest for high power capacity batteries for vehicles has picked up the pace.

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As per the report by TMR, the segment of automobile is likely to pick up a critical share in the lithium-ion battery market before 2024. The rising use of these batteries in HEVs, EVs, and BEVs has fundamentally helped the segment and this rise is credited to the rise in awareness among customers and vehicle makers as well in regards to the advantages of clean fuel.

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