NFC Chips Market Future Outlook and by Top key players

The global near-field communication (NFC) chips market has been prognosticated in a report by Transparency Market Research (TMR) to be highly consolidated with NXP Semiconductors securing a stronger share in the recent past. The company could sustain its position all through the course of the forecast period 2016-2024. The market includes other leading companies such as Qualcomm Inc., STMicroelectronics, and Broadcom Corporation that are actively involved in partnerships and mergers and acquisitions. This could intensify the competition in the market in the coming years. The report has shed more light on other factors that could impact the vendor landscape of the market.

TMR has envisaged the NFC chips market to post a whopping CAGR of 26.0% to attain a valuation of US$10.62 bn by the concluding forecast year. On the basis of application, the market could gain immensely from smartphones anticipated to secure a larger share in the near future. By region, Asia Pacific may snatch the dominance from North America while expanding at a 27.90% CAGR.

Application in Consumer Goods Surges with Improvement in User Interface Applicability

According to a lead analyst at TMR, the world NFC chips market could primarily collect growth from the rising application in consumer electronics. In the recent years, the application of NFC chips in consumer goods has increased considerably due to their ability to improve the applicability of user interfaces and simplify them. There could be substantial growth prospects created with the extensive use of NFC chips in smartphones as well.

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Rising disposable income of people and their swelling interest in luxury goods have been expected to augur well for the growth of the consumer electronics industry, which could in turn augment the demand for NFC chips.

Complexity in Product Designs Causes Future of NFC Chips to Look Dull

Lack of awareness about NFC chips and complexity in their product designs could hamper the adoption rate in the foreseeable future. However, with the improving demand for NFC-enabled point of sale terminal (POS) terminals around the globe, the international NFC chips market has been envisioned to draw a handsome growth from the aviation and retail industries.

Furthermore, the emergence of various NFC models and strong partnerships between organizations tokenizing cards using NFC chips and prominent banks could bring in lucrative opportunities in developed regions such as North America. Emerging regions such as Asia Pacific, on the other hand, have been prophesied to take advantage of the rising count of smartphone users.

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The information presented in this review is based on a TMR report, titled “NFC Chips Market (Application - Smartphone, Television, Medical Equipment, and Car; Storage Capacity - 64 Bytes, 168 Bytes, 180 Bytes, and 540 Bytes; End User - Consumer Electronics, Automotive, Retail, Medical, and Aviation) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

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Collaborative Robot Market to Witness Huge Growth in The Future

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. 

Safety Concerns While Managing Industrial Grade Operation May Hamper Market Growth

On the other hand, the global collaborative robot market is facing several challenges that may deter the market to grow at its full potential. One of the major challenges faced by the market is to understand the need to safely manage industrial-grade operations.

In addition, slow production rate due to collaborative robot has extended the process of production period is also hampering the market’s growth. Nevertheless, the automotive industry is the key end user for collaborative robot that is likely to support the market growth and provide a fillip to the market in the near future. The growing use of collaborative robot in automation industry is likely to minimize the impact of above-mentioned restraints and help the market to gain traction in the coming years.

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The information presented in this review is based on a TMR report, titled “Collaborative Robot Market (Payload - Up to 5 Kg, 6 - 10 Kg, and Above 10 Kg; Application - Packaging, Material Handling, Quality Testing, Assembly, Machine Tending, and Welding; Industry - Automotive, Food and Beverages, Aerospace, Plastic and Polymers, and Metals and Machining) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024..”

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Fine Pixel Pitch LED Displays Market Will Generate Massive Revenue in Coming Years

Tier 1 companies in the global fine pixel pitch LED displays market, namely Leyard, Unilumin, SiliconCore, Christie, NEC Display Solutions, and Daktronics, have a strong global presence with high penetration in the market. Transparency Market Research has observed that these companies have established strong brand names in the business of fine pixel pitch LED display solutions.

China-based Leyard Optoelectronic Co., Ltd., the leading player in the global market by revenue, has been concentrating on increasing its global presence through strategic mergers and acquisitions. In 2015, the company acquired Glux Led Creative-Tech and Planar Systems, Inc.

The revenue generated by the global fine pixel pitch LED displays market is projected to reach US$3.1 bn by 2024, rising from US$677.1 mn in 2015. The market is expected to register a 15.8% CAGR from 2014 to 2024.

APAC, LATAM, and MEA Identified as Highly Lucrative Markets

Based on type, the segment of up to 3mm pixel pitch LED displays is expected to value US$1,658.0 mn by the end of the forecast period, expanding at a double-digit CAGR between 2016 and 2024.

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Asia Pacific accounted for around 59% of the total global fine pixel pitch LED displays market in 2015, emerging as the leading regional segment. The markets in the Middle East and Africa (MEA) and Latin America are likely to present potential opportunities for fine pixel pitch LED displays in the coming years. The fine pixel pitch LED displays market in MEA is projected to expand at a CAGR of 28.9% during the forecast period.

Considering the sales channels for fine pixel pitch LED displays, e-commerce websites are likely to observe high demand in the coming years due to the spread of internet services across the world.

Digital signage and visualization and simulation applications were the potential application areas for fine pixel pitch LED displays in 2015. However, control rooms and monitoring applications are anticipated to register high growth during the forecast period.

Surging Demand for Fine Pixel Pitch LED Displays in Video Wall Applications

The growth of the video wall market in recent years has had a considerable impact on the fine pixel pitch LED displays market. Video walls are used in various industry verticals such as sports stadiums, retail stores, and restaurants. “Considering the high scalability, power efficiency, and quality resolution display, fine pixel pitch LED displays have gained popularity in video walls applications,” the lead analyst states. Recognizing the potential of these displays, a number of companies have launched new products to gain a competitive edge. For instance, Leyard and Planar launched the Leyard-TWA series of fine pitch LED video walls in June 2016.

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The fine pixel pitch LED displays market is also fueled by the high flexibility offered by the products and the declining cost of the technology.

On the flip side, the widespread adoption of fine pixel pitch LED displays is challenged by their high initial cost. “We have found that small pixel pitch LED displays cost at least three times more compared to other display technologies such as DLP rear projection and LCD,” the author states. However, TMR predicts that the growing competition in the market and continuous research and development in the field is projected to bring down the cost of fine pixel pitch LED displays in the coming years.

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Motion Sensor Market Analysis And Forecasts To 2023

It is expected that the motion sensor market will have players trying out various business strategies to strengthen their position in the motion sensor market globally. Like for example, the manufacturers of the motion sensor market can merge with other companies, launch newer products, collaborate with other players, or enter into a partnership so as to have a stronger hold in the motion sensor market. Robert Bosch GmbH., Murata Manufacturing Co. Ltd., Microchip Technology Inc., InvenSense Inc., Honeywell International Inc., are a few of the most important players of the motion sensor market as stated by Transparency Market Research (TMR).

As per Transparency Market Research, the motion sensor market is predicted to account for a total of US$18.20 bn towards the end of 2023. In terms of technology, the motion sensor market might see growth in microelectromechanical systems accelerometers, since they occupied a large  share in the market in the past. On the basis of the type, the motion sensor market is broadly divided into infrared motion sensor which is also subdivided into passive infrared and active infrared, ultrasonic sensor, tomographic sensor, and microwave sensor. On the basis of technology, this market is divided into sensor combos, MEMS gyroscope, MEMS magnetometer, as well as MEMS accelerometer.

Flourishing Automotive Industry in APAC to Result in Subsequent Growth of Motion Sensor Market in Region

On the basis of region, it is predicted that Europe will continue to dominate the motion sensor market globally in the time to come. It is predicted that the automotive industry in the Asia Pacific region will also widen at a rapid pace, which will also bolster the motion sensor market's growth ultimately. One reason behind the fast growth of the automotive industry in the Asia Pacific region could be the growth in technology that is supporting the demand for cars here.

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On account of the rapid growth of the automotive industry, it is predicted that the motion sensor's application  will increase in the automotive market, particularly in security, advanced driver assistance system that is available in the mid and high segment cars, as well as in airbag deployment system.

Growing Use of Consumer Electronics Boosting Demand for Motion Sensors

There has been a widespread use of microwave sensors, which is the reason why apart from the automotive industry, motion sensors are also in demand from the security and surveillance industry globally. Along with this, consumer electronics is also predicted to bolster the requirement in the market since the wearable technology is gaining acceptance from the people.

It is predicted that there will be a huge demand for the motion sensor market in the time to come.

However, there exist a few hurdles that can come in the way of the market’s growth such as, the prevalence of cost effective alternatives in place of motion sensors. However, the growth of the market can be higher with the quick growth of interactive motion gaming industry and it is also expected that horticulture will have decent requirements for LED motion sensors and such factors are predicted to create enough growth opportunities for the motion sensor market globally.

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The information presented in this review is based on a TMR report, titled “Motion Sensor Market (Technology - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope, and Sensor Combo; Type - Microwave Sensor, Infrared Motion Sensor (Active Infrared and Passive Infrared), Tomographic Sensor, and Ultrasonic Sensor; Application - Industrial (Lighting Controls (Outdoor/Indoor), Service Robotics, and Fire Alarms and Smoke Detectors), Consumer Electronics (Gaming and Entertainment, Wearable Devices, and Smartphones and Tablets), Automotive (ADAS, Airbag Deployment System, and Security), Fitness and Wellness, Healthcare, and Aerospace and Defense) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

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Passive Optical Network (PON) Equipment Market Forecast and Analysis of Key players 2023

According to the Transparency Market Research (TMR), the global passive optical network (PON) market has a highly competitive business landscape. Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., ZTE Corporation, and Calix, Inc. have been leading this market and are expected to continue on the same path over the next few years. The rivalry among these players is expected to intensify in the near future with each of these getting involved in partnerships to expand their reach among consumers, states the research report.

As per the research study, the worldwide market for passive optical network is anticipated to rise at a CAGR of 20.70% over the period from 2015 to 2023 and reach a value of US$163.50 bn by the end of the period of the forecast. In terms of structure, the demand for gigabit passive optical networks is relatively greater and the trend is anticipated to remain so in the years to come, notes the market study.

Asia Pacific to Dominate Global PON Market

Geographically, the market registers its presence across Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America. Asia Pacific is leading the global market, thanks to the high popularity for PON structures and equipment. A large portion of this rise in demand is attributed to the fast system usage of China and India. China has acquired a key role in the development of PON equipment manufacturers of late and is projected to keep doing as such for the coming years.

A factor that enables China to demonstrate a higher demand for PON than most different nations is the sheer volume of information being exchanged crosswise over systems. The sum and additionally rate of information activity in the nation is making numerous clients change from remote systems to wired modes, therefore expanding the utilization of PON equipment. Over the next few years, India has proposed to manufacture build up a National Optical Fiber Network, which will be an arrangement to improve the availability between various towns crosswise over India, reports the research study.

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Lucrative Features of PON to Support Market’s Growth

“The superiority of optics in networking is the key factor behind the growth of the global PON market,” says a TMR analyst. Since, PONs are easily scalable, highly reliable for consistency, offer advanced security, and assist in optimizing the bandwidth connectivity, this demand is likely to increase manifolds ion the near future. In addition to this, PON equipment are easy to deploy as well as maintain in comparison to traditional networks and also do not emit electromagnetic radiation, thanks to their dielectric nature, which also are projected to support this market over the next few years, reports the research study.

The review is based on a report by Transparency Market Research, titled “Passive Optical Network (PON) Equipment Market (Component - Optical cables, Optical power splitters, Optical filters, and Wavelength Division Multiplexer/De-Multiplexer; Structure - Gigabit Passive Optical Network (GPON) Equipment and Ethernet Passive Optical Network (EPON) Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.

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FPGA Market Opportunities, Growth and Forecast to 2020

A new report that has been presented by Transparency Market Research states that the global market for field programmable gate array (FPGA) is expected to grow at a rapid rate with a stiff competition. Technological advancements and innovations in this field are likely to encourage the growth of the global FPGA market throughout the forecast period. In addition to this, the rise in the number of strategic collaborations and partnerships and the development of new products are predicted to enhance the development of the market in the coming few years.

The rising number of applications and the enhancements in the products offered are likely to push the growth of the FPGA market in the near future. The key players operating in the FPGA market across the globe are Altera Corporation, Microsemi Corporation, Xilinx Inc., and Lattice Semiconductor Corporation.

In 2013, the global market for FPGA stood at US$5,487.2 mn and is predicted to reach a value of US$9,734.4 mn by the end of 2020. The market is further predicted to register a strong growth rate throughout the forecast period. Previously, Asia Pacific led the global FPGA market and is estimated to remain dominant in the coming years. The rise in the contribution from South Korea, India, and China and the rapid development of the electronic industry are estimated to support the development of the Asia Pacific market in the near future.

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Increasing Use of Internet of Things to Drive Global FPGA Market in Near Future

The rise in the demand for advanced driver assistance system is an important factor that is predicted to encourage the development of the global FPGA market over the forecast period. A substantial rise in the adoption of the Internet of Things is another factor that is likely to support the growth of the overall market in the coming few years. In addition to this, the increasing need for wireless communication is expected to offer immense growth opportunities for the market players across the globe.

Furthermore, the key players in the global FPGA market are making investment for research and development activities, which is predicted to support the market growth and attract a large number of consumers in the coming few years. Moreover, the reduction in the time-to-market is likely to accelerate the growth throughout the forecast in the near future. These factors are likely to help the key players in expanding their product horizon, thus accelerating the market growth in the near future.

Lack of Standardized Verification Methods to Curb Market Growth

The global FPGA market, on the other hand, is projected to face several challenges, which are projected to restrict the growth of the market in the near future. The absence of standardized verification techniques and the incapability of FPGA to substitute the basic devices are likely to restrict the growth of the overall market throughout the forecast period. Nonetheless, the increasing use of FPGA in data centers is anticipated to propel the global FPGA market in the next few years.

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This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “FPGA Market (Technology – SRAM, Flash, and Antifuse; Application – Consumer Electronics, Automotive, Industrial, Data Processing, Military and Aerospace, and Telecommunication) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.

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Microgrid-as-a-Service Market to Gain Highest Revenues in North America

Transparency Market Research delivers key insights on the global microgrid-as-a-service (MaaS) market. In terms of revenue, the global microgrid-as-a-service market is estimated to expand at a CAGR of ~14% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global microgrid-as-a-service market.

Microgrid-as-a-service is a cloud-based microgrid control solution that allows a third party to utilize the benefits of microgrids, without hassles related to development, operations, and upfront costs. Microgrid-as-a-service (MaaS) comprises software; design and engineering packages; and operations and maintenance support, which are all delivered from a hosted environment. Microgrid-as-a-service systems are designed for use in different sectors, including government, utilities, and industrial and commercial facilities, with advanced monitoring, control, and optimization of distributed energy at an affordable cost. The use of a microgrid-as-a-service system eliminates the hassle of maintaining on-site IT infrastructure. In addition, microgrid-as-a-service offers significant advantages such as improved scalability, dynamic monitoring, and energy efficiency.

Power grid systems have witnessed significant technological advancements over the last few years. Owing to the usage of renewable energy sources, microgrid-as-a-service offers cost-effective electricity and helps in reducing the financial losses caused by electricity outages. The demand for microgrid-as-a-service is increasing rapidly in different industrial verticals as well as remote areas.

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This is primarily due to the declining costs of distributed energy resources and significant features of microgrid-as-a-service, such as high reliability, smart grid integration, low cost, and energy efficiency. Additionally, microgrid-as-a-service facilitates autonomous working. This ensures access to electricity for consumers residing in remote locations. The above-mentioned advantages provided by microgrid-as-a-service over traditional grids are boosting the demand for microgrid-as-a-service. This, in turn, is likely to fuel the global MaaS market during the forecast period.

However, the global power industry witnesses shortage of skilled labor, which is affecting the demand for smart grid systems. According to the U.S. Department of Energy (DoE), the smart grid & electric utility industry in the country would need 105,000 new workers by 2030, but it expects that only 25,000 existing industry personnel are interested in filling those positions.

Global Microgrid-as-a-Service Market: Prominent Regions

North America is the dominant region of the global microgrid-as-a-service market. It is anticipated to continue its dominance in the global microgrid-as-a-service market throughout the forecast period. This can be attributed to increasing adoption of microgrids and high investments in microgrid infrastructure in the region. The microgrid-as-a-service market in Asia Pacific is expected to witness prominent growth in the near future, owing to the rising demand for uninterrupted and reliable power supply in the region. The microgrid-as-a-service markets in the Middle East and South America are expected to witness moderate growth in the near future.

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Key players operating in the global microgrid-as-a-service market are displaying synergies through close cooperation and collaborations in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing their production capacities, in order to meet the rising demand.

Global Microgrid-as-a-service Market: Key Players

Key players operating in the global microgrid-as-a-service market are Green Energy Corp., Schneider Electric, ENGIE, Spirae, LLC, Aggreko, ABB, General Electric, Eaton, Tech Mahindra, and Siemens AG

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