Computer Graphics Market Trends, Forecast and Analysis of Key players 2027

According to a new market report pertaining to the global computer graphics market published by Transparency Market Research the global computer graphics market is projected to reach value of US$ 308.61 Bn by 2030. The computer graphics market is projected to expand at a CAGR of 6.2% from 2020 to 2030. Expansion of the computer graphics market can be attributed to the growing use of image processing and 3D animation effects in media and entertainment industry, and growing demand for graphic software across various industries. North America is anticipated to lead the global computer graphics market in terms of revenue, followed by Asia Pacific, during the forecast period.

Online games have become easily accessible and are gaining traction, with the ubiquity of smartphones and tablets. This has brought a large number of free-to-play game models and in turn generated opportunities in the computer graphics market. Additionally, smaller game developers are grouping up with bigger entertainment companies to break into the gaming market by adding to the total number of games. The popularity of e-sports and Game as a Service, which functions using 3D animation and image processing technology, has grown to a great extent, thereby increasing the global number of online game players and providing new opportunities in the computer graphics software market to develop new games.

Computer Graphics Market: Market Taxonomy

The global computer graphics market has been segmented based on component, application, and region. In terms of component, the computer graphics market is segmented into hardware and application software. Based on application, the computer graphics market is segmented into CAD, image processing, entertainment, user interfaces, and others (education graphics, etc.).

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Computer Graphics Market: Regional Outlook

The global computer graphics market, by region has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. As compared to other regions, the computer graphics market in North America is expected to witness significantly healthy growth, with rate relatively closer to that of the Asia Pacific region. In North America, the U.S. and Canada are anticipated to drive the growth of the computer graphics market.

This is due to the presence of large number of visual effects (VFX) companies, which includes some of the top VFX companies based out of the region such as Walt Disney Animation Studios, Warner Bros Animation, DreamWorks Animation, and Industrial Light & Magic. The region is also a center of computer graphics hardware component and application software providers including Autodesk Inc., Adobe Systems Inc., Microsoft Corporation, Siemens PLM Software, and many others. Furthermore, U.S. states are primary production locations for a large number of film entertainment work. Additionally, government support for film entertainment with various programs designed to attract film production has resulted in the significant growth of the computer graphics market in the region.

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E-SIM Card Market to See Huge Growth by 2025

The global E-SIM card market is anticipated to see a rise in level of new players all across the world. This will lead to a healthy competition among the major players. In order to expand, the global players are going in a strategic partnership with the regional players. All players are funding heavy on research and development in order to innovate or advance their products in order to build the brand’s name and grow trust among the consumers. The market is expected is anticipated to grow at an exponential rate, reports Transparency Market Research (TMR) in a recent report. Some of the major companies leading in the global E-SIM card market are OT-Morpho, Deutsche Telekom AG, Giesecke and Devrient GmbH, ST Microelectronics, Sierra Wireless, NTT DOCOMO, Samsung, Apple Inc., Gemalto N.V., and Telefonica S.A.

The Global E-SIM market is expected to witness an impressive 13.5% of CAGR during the period from 207 to 2025. During this time the market anticipated to be worth around US$14613.1 mn by 2025 from US$4095.6 mn in 2016.

The E-SIM card finds application in machine to machine domain, which has accounted for the highest share in terms of revenue amongst other. This segment is expected to retain its dominance during the forecast period. The smartphone segment is predicted to be most progressive segment by the year 2019. Rise in growth of smartphones is expected to expand the global E-SIM card market at a CAGR of 26.3% during the assessed period. Geographically, Europe is predicted to hold the leading position in terms of revenue contribution in the market. Government policies in this region is favoring the growth of the market.

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Ability to Switch Between Network Providers Helps The Market To Grow

Numerous factors are contributing to the rise in demand for the global E-SIM card market. Amongst these factors, the option of changing network providers in real time Over the Air, is the key factor which is making users to pick this E-SIM card over the traditional one. This ability helps to change the network providers to switch between network provides, thus preventing them from suffering loss from international roaming charges. This facility turns out to be game changer for people having smart meters and connected cars, as this helps reducing logistics and operational costs. Other factors which drives the market growth is that the E-SIM card provides better securities in comparison to conventional SIM Card thus attracting huge crowd who have concern regarding securities. Design of E-SIM card favors the market growth, as the compact design of it helps OEMs, thus making additional space for storage or increasing the size of the battery in smartphones and tablets.

Rise in Automotive Industry to Fuel the Market Growth

Rise in uptake of E-SIM in consumer electronics devices and automotive industry has fueled the growth of the global E-SIM card market. Use of E-SIM in advanced vehicles has already set an ongoing trend in developed countries. As, a result, rise in automotive industries to directly have a positive impact on the growth of the market. However the market is expected to face a possible restrain by MNOs during its adoption as it thwarts consumers from visiting to a network provider’s store. This will cut down the customer’s bargaining power.

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IoT Device Management Market to See Huge Growth by 2025

The global IoT device management market features an increasingly fragmented landscape, finds Transparency Market Research (TMR). This is attributed to the presence of large numbers of players in the IoT device management market who are constantly adopting strategies to strengthen their shares. Constant entry of product developers and technology players over the past few years has upped the ante for incumbent players in the market. TMR observes that top players in the global IoT device management market are investing sizeable sums on research and development to consolidate their positions. A number of them have been also acquiring new companies with core competencies in communication technology, which might confer substantial gains to them in the coming few years. 

Some of the top players in the global IoT device management market are Oracle Corporation, Intel Corporation, IBM Corporation, Robert Bosch GmbH, and Google LLC. 

The global IoT device management market is projected to clock a phenomenal CAGR of 31.5% during 2017 - 2025. 

Among the various deployment types, public cloud accounted for the major share in 2016 in the IoT device management market. The prominence could be attributed to the extensive uptake among enterprises and consumers in the end-use industries. Moreover, the attractiveness of IoT device management for public clouds hinges on their cost-effectiveness.

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Regionally, North America led the global IoT device management market by holding the dominant share in 2016. The growth is driven by substantially rising uptake of smart industrial and automation technology in manufacturing and healthcare applications. However, Asia Pacific is likely to emerge with the most attractive CAGR over 2017–2025. 

 Ever rising Numbers of IoT Devices in Industrial Applications drives Demand 

The staggering rise in numbers of IoT devices in numerous industrial sectors, coupled with growing complexity of IoT security, is a key factor on which the evolution of the IoT device management market has pivoted on. Rapid strides in industrial IoT verticals of Industry 4.0. have increasingly bolstered the uptake in recent years. The IoT device management market is propelled by rapidly rising uptake of IoT-enabled technologies and devices. 

In emerging markets, the adoption has benefitted from the presence of substantial numbers of IoT device management distributors. Some of the key functions are configuration and associations, monitoring and diagnostics of connected devices, software updates and maintenance, and provisioning and enrolment. 

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Rising Deployment of IoT devices in Consumer Markets underpins Enormous Potential in Market 

Despite the vast prospects of the global IoT device management market, the demand is constrained by a few factors. Growing threats of cyber-attacks owing to security lapses in IoT technology are hindering the demand. Nevertheless, rapid advances in the IoT device management market to overcome security challenges, notably by better IoT device onboarding and provisioning, are expected to unlock new prospects. 

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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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