Nano GPS Chip Market Insights 2020: Future scenarios and growth drivers

GPS (global positioning system) was originally developed by the U.S. government for the military. Within a few years, the government allowed their usage by civilians. GPS satellite data usage is free and globally accessible, as long as the device and accompanying software are bought or rented. Nano GPS chip solutions are a pint-sized invention within the broader phenomenon of GPS solutions. The market for nano GPS chips is expected to expand substantially in the future. It is highly competitive and dominated by a few major players.

Nano GPS chips are equipped with features such as a real-time clock, noise amplifiers, surface acoustic waves, a temperature-controlled crystal oscillator, a power management unit, and radio frequency shielding, which contribute to the growth of this technology. It is capable of constant connectivity with improved marginal signal conditions and minimal power consumption. Nano GPS chip tracking devices prevent bike and car thefts, which is a key factor influencing the development of this market.

Manufacturers have been investing in extensive research and development to find out how to minimize the size of the compact global navigation satellite system module without affecting the product’s efficiency, sensitivity, power consumption, and performance. In the near future, sports and racing games techniques are also predicted to trigger the demand for transceiver chips. Individuals who need to keep track of their elderly parents use nano GPS chip trackers as well, which boosts the demand for them.

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Solar collar GPS trackers are designed for animals such as cattle, dogs, camels, elephants, and horses for wildlife tracking. Government initiatives to protect wildlife are contributing to the usage of this technology. Urban areas, however, have a poor satellite signal, which is either non-existent or severely weakened by meteorological conditions – a significant hindrance for the global nano GPS chip technology market.

In terms of applications, the market is divided into the commercial and industrial categories. Geographically, is it distributed over North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.

Demand for smart, commercial applications is growing. This includes products enabled with tracking solutions such as smart watches, digital cameras, trackers, and wearable devices. The increasing requirement for security systems, wearable products, and tracker devices also plays an important role in propelling the market.

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The nano GPS chip technology is anticipated to grow extensively in North America and Asia Pacific, due to the wide employment of new technology in these regions. Developed countries such as the U.S., the U.K, India, China, Korea, Japan, Russia, and Germany are investing considerable capital in research and development in order to become well-equipped to adapt to this technology. The market in Asia Pacific is likely to expand rapidly at a later stage due to the presence of developing nations such as China and India here, which constantly invest in manufacturing electronic products. Hence, the overall nano chip market is projected to evolve significantly.

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Smart Mirror Market Production, Revenue (Value), Price Trend by Type

Any highly functional mirror can be a smart mirror. Smart mirror technologies include self-dimming capability, as well as self-cleaning and self-repairing ability with the layers of different smart materials. Embedded electronics including cameras, displays and sensors are also the parts of smart mirror technologies as they help in converting a simple mirror into an electronic device. Smart mirrors can be used in various applications such as advertising, healthcare, consumer, and automotive. Digital smart mirrors are significantly gaining momentum due to various factors such as design/style, comfort/convenience and safety.

The focus on enhanced road safety drives the demand for incorporating new electronic functionalities to the automotive mirrors. Activated light sensors, and electrochromic self-dimming smart mirrors have significantly improved road safety by increasing response times as well as reducing driver fatigue.

However, through the use of other electronic functionalities such as integrated sensor systems, displays, touch capability, Wi-Fi connectivity, and GPS, the road safety can be further enhanced in a significant manner. Automotive smart mirror vendors are now focused on marketing mirrors having customizable capabilities.

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Smart Mirror Market: Trends

Smart mirrors are also anticipated to have a potential market in retail and advertising sectors. The use of these mirrors is in trial stage in certain places such as in elevators, public restrooms, hotels or office lobbies, and so on. For instance, in January 2011, Clear Channel Airports (CCA) and Mirrus Corporation collaborated on a pilot program of deploying 150 smart mirrors with advertising displays in all restrooms at the Chicago O'Hare airport. Moreover, smart mirrors have the capability to increase sales in retail sector, mainly in dressing rooms. The combination of mirrors with RFID and display technology can be helpful in displaying vital information and user-specific suggestions hence increasing the sales.

The smart digital mirrors are anticipated to gain a considerable market share in healthcare applications, in both residential and professional settings. Smart mirror technologies can improve patient care and compliance, thus reducing healthcare expenses in certain cases. Smart mirrors can deliver patient-specific information such as real-time human body statistics (heart rate, body temperature, and blood pressure) and prescription reminders. The information which is provided by the camera in form of an image can be used for diagnostic purposes as well as for determining appropriate treatment.

Smart Mirror Market: Drivers

Growing investment in R&D activities on smart mirrors and new technology penetration are the major factors driving the smart mirror market globally. Various companies are coming up with smart mirror technologies with additional features further aiding the growth of global smart mirror market. For example, in November 2015, Polo Ralph Lauren Corporation launched new smart mirrors in the fitting rooms of its flagship New York store. The mirror enables its customers at the store to tap for assistance for the items to try on.

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Each clothing item brought in the fitting room is detected by the mirror through RFID chips, and it shows up a display about the garment details. In October 2015, Panasonic Corporation introduced 'Interactive Mirror', having multi-functional features which was anticipated to lure customers from retail, beauty as well as lifestyle industry. This mirror was capable of enhancing the lifestyle similar to a professional health or beauty advisor. In December 2014, Gentex Corporation launched its all new ‘Full Display Mirror’ which was an intelligent rear vision system that used an outside mounted camera and mirror-integrated video display for improving a vehicle's rearward view.

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Interactive Kiosk Market | Know the Companies List Could Potentially Benefit or Loose out From the Impact of COVID-19

According to a new market report published by Transparency Market Research titled ‘Interactive Kiosk Market (Type: Floor Standing, Wall Mount, and Others; End-use Industry: Retail & Hospitality, Financial Services, Healthcare, Media, Communication & Entertainment, and Government) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global interactive kiosk market is expected to reach US$ 43,697.0 Mn by 2027, expanding at a CAGR of 6.1% from 2019 to 2027. In terms of volume, the global interactive kiosk market is expected to reach 8,140.6 ‘000 units by 2027, expanding at a CAGR of 5.8%. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.  

The interactive kiosk market in North America is mature and is the second-largest market globally. North America witnesses a significantly high number of non-cash transactions and this number is increasing owing to a surge in the use of interactive kiosks and ATMs. The U.S. dominates the interactive kiosk market in North America. In the U.S., as per the Diary of Consumer Payment Choice Report 2015 and 2018 by Federal Reserve, the market share of cash transactions have decrease to 30.0% in 2017 whereas share of debit and credit cards have maintained a market share of 45.0-48.0% between 2015 and 2017.

Interactive kiosks have been used for a long time in the U.S. Moreover, the versatility of interactive kiosks has been increasing for the last few years. A significantly high number of ATMs are in use in the U.S. Moreover, penetration of banking services is high in the U.S. According to the FDIC (Federal Deposit Insurance Corporation), survey in 2017: FDIC National Survey of Unbanked and Under banked Households, the share of unbanked households in the U.S. is only 6.5%. ATMs serve a major banking channel for consumers in the U.S. Consequently, the interactive kiosk market in the U.S is expanding.   

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Europe is the third-largest market for interactive kiosk, globally, and it is a mature market. Europe follows North America, in terms of number of non-cash transactions, globally. In Europe, the U.K., Germany, and France are prominent markets for interactive kiosks. The baking industry is mature in Europe, and ATMs are a major banking channel. Rise in card payment and mobile commerce is driving the demand for interactive kiosks. 

China is a prominent market for interactive kiosk in Asia Pacific, followed by Japan and India. In terms of ATM volume, China is a major market and accounts for more than 75.0% share of the global ATM market. India is also a prominent interactive kiosk market and demand for ATMs is increasing in India. In both China and India, rise in millennial population, increase in penetration of digital technologies, and government initiatives for financial inclusion are boosting the number of banking consumers. Consequently, banks are introducing ATMs in order to serve this large pool of new consumers. Japan is a major exception to this trend, as the number of ATMs has declined in Japan, as the cost and maintenance of an ATM in the country is higher than the fee it generates. The number of ATMs is expected to rise in other countries in Asia Pacific also, such as Myanmar, Bangladesh, and Pakistan. 

Middle East Africa (MEA) is a relatively minor market for interactive kiosk globally. However, countries in GCC (Gulf Cooperation Council), such as Saudi Arabia and the UAE, are witnessing an increase in the usage of interactive kiosks owing to a rise in globalization and entry of global retailers in the region. In terms of ATMs, countries in Africa, such as Algeria and Mozambique, are expected to witness expansion. 

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Brazil is a significant market in Latin America. Brazil accounts for a significant share of non-cash transactions across the globe. Rise in consumerism and banking penetration is driving the number of interactive kiosks and ATMs in Brazil.            

 The study provides a conclusive view of the global interactive kiosk market by segmenting it in terms of type and end-use industry. In terms of type, the global interactive kiosk market has been classified into floor standing, wall mount, and others. In terms of end-use industry, the global interactive kiosk market has been segmented into retail & hospitality, financial services, healthcare, media, communication & entertainment, and government.   

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Sales Price and Gross Margin Analysis of Smart Electricity Meters Market

The popularity of high-end smart electricity meters largely depends on advancements in smart city technologies. Development of smart cities has shifted up on the charter of priorities for regional and state planners. Furthermore, the need to ensure energy optimization and renewable resource utilization has created ripples across the energy sector. Use of smart electricity meters is also a subset of the digital transformation has offset across the globe.

• The tremendous benefits served by these meters, especially to residential users, has given a thrust to the sale of electricity meters. State planning authorities are developing robust channels for smart grid integration. This trend shall directly contribute towards driving sales across the global smart electricity meters industry.
• Use of smart meters helps end-users in reducing their electricity bill, while keeping a check on total electricity consumption. This factor, coupled with provision of subsidies on use of smart meters, has driven demand. Utilities and grid operators are persuading end-users to shift from the use of traditional to smart meters.
• Moreover, availability of performance-oriented, optimized, and scalable smart meters is also an important trend across the smart city industry. Considering the factors stated above, there is no speck of doubt about the inflow of formidable revenues into the kitty of leading sellers of smart electricity meters.

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Global Smart Electricity Meters Market: Snapshot

Efficient usage of energy is currently a trend that all industries are indulged into, as it is paramount to evolve over the dependency on pollution-creating fossil fuel. At the same time, rapid urbanization in a number of countries has propelled the percentage of the development of smart cities, which are equipped with smart electricity meters that can efficiently calculate the consumption of energy and provides details on nodes which can be harnessed to lower the energy costs as well as extend machine’s life.

Smart electric meters are primarily built for the residential building and construction sector, as the installation of these devices help in reducing greenhouse gas emissions by improving peak time savings of energy. European Union has already introduced 20-20-20 policy, which relates to 20 percent increase in energy efficiency, 20 percent reduction in the emission of carbon dioxide, and 20 incremented dependency on renewables by 2020.

In addition to that, the growing emphasis on renewable sources of energy is also expected augment the demand in the global smart electricity meters market. Energy extracted from renewables invariably depend on time and other factors and hence require smart meters to identify intervals of intermittent supply and compensate this loss by controlling energy consumption of different components.

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On the back of substantial promotional activities to spread the adoption of green energy and integration of value chain, the smart electricity meters market is poised to experience extended demand at a notable CAGR during the forecast period of 2016 to 2024. On the other hand, considerable cost of installation, lack of compatibility with various traditional equipment, and lack of awareness among a large consumer base in Asia Pacific is obstructing the market from attaining its true potential.

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Water Quality Sensor Market Revenue by Regions and Applications

Water quality sensors are the gadgets that are utilized to quantify the level of water contamination. Water quality sensor is a remote innovation which is utilized to distinguish spillage of chemicals in streams, contamination level of seawater, and measures the nature of remote swimming pools. The gadget coverts the contaminated water into crisp water by enhancing the levels of productivity, better administration, precision and low operation cost. Thus, low cost is charged for the accessibility of crisp water.

Expanding observing exercises and also utilization of nanotechnologies enhance the nature of water in these present days. Increment in the accessibility of supplements, for instance, nitrogen and phosphorous brings about increment in observing exercises to control the accessibility of nitrogen and phosphorous in air and water. This, thus, builds the demand for water quality sensor types of gear. Nanotechnologies offer preferred affectability over conventional stages by identifying different factors inside a brief timeframe. More noteworthy assembling of water quality sensors in water industry is one of the essential factors behind the development of this market Due to quick urbanization, expanding populace, and ground water contamination, worries for keeping up clean water are expanding at a higher rate. Thus, demand for water quality sensors are likewise ascending as these sensors are obligatory to give clean drinking water.

Then again, nearness of financial components is a key restriction behind the development of water quality sensors market. Because of high generation cost of water quality sensors, utilization of water quality sensors decreases. This factor is controlling the development of water quality sensors market.

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Water quality sensors are the devices that are used to measure the level of water pollution. Water quality sensor is a wireless technology which is used to detect leakage of chemicals in rivers, pollution level of seawater, and measures the quality of remote swimming pools. The device coverts the polluted water into fresh water by improving the levels of efficiency, better management, accuracy and less operation cost. Hence, low price is charged for the availability of fresh water.

Increasing monitoring activities as well as usage of nanotechnologies improve the quality of water in these present days. Increase in the availability of nutrients such as phosphorous and nitrogen results in increase in monitoring activities to control the availability of phosphorous and nitrogen in air and water. This in turn, increases the demand for water quality sensor equipments. Nanotechnologies offer better sensitivity than traditional platforms by detecting multiple variables within a short period of time. Greater manufacturing of water quality sensors in aqua industry is one of the primary factors behind the growth of this market Due to rapid urbanization, increasing population, and ground water pollution, concerns for maintaining clean water are increasing at a higher rate. For this reason, demand for water quality sensors are also rising as these sensors are required to provide clean drinking water.

On the other hand, presence of economic factors is a key restraint behind the growth of water quality sensors market. Due to high production cost of water quality sensors, consumption of water quality sensors reduces. This factor is restraining the growth of water quality sensors market.

The global market of water quality sensors are segmented on the basis of types,, applications, and geography.

By types, water quality sensors are segmented into Handheld Meters, MultiparameterSondes, Conductivity Meters, Temperature and Depth Loggers (CTD), Automatic Water Samplers, Single Parameter Sensors, Online/Process Monitors, Colorimeters and Others.

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By application, water quality sensors are segmented into household sectors, agricultural sectors, aqua culture, and others. In aqua culture, water quality sensors are used to detect the various types of chemicals in rivers, level of pollution in sea water. For household sectors water quality sensors monitor the drinking water and water quality sensors also maintain the quality of hydroponics in agricultural sector. In the Hydrophonics agricultural system, plants are grown with minerals dissolved in water. Hence, farmers need to maintain the fresh quality of water by using water quality sensors. These sensors are also used to prevent water from deposition of limescale and corrosion that are necessary to maintain a healthy aquatic life such as fish, snails, crayfish, prawns or shrimps, and aquatic plants. These sensors consider some parameters such as pH, ammonia, dissolved oxygen, nitrite, nitrate, and water temperature that are necessary for the aquatic lives to gain the maximum growth. Excess of phosphorous and nitrogen lowers the availability of oxygen and thus, make hard for the aquatic life to survive. For this reason, aqua businesses increase the production of water quality sensors to detect the water pollutant. Water quality sensors are also used to measure the quality of drinking water, ground water, laboratory, storm water, swimming pools, agriculture monitoring, as well as treatment of waste water.

By geography, water quality sensor market is sub divided into North-America, Europe, Asia Pacific, and Rest of the World. Among all the regions,North America held the largest market share in the water quality sensors market. In North America, Canada and U.S held the largest revenue share in water quality sensors market.

Some of the key players operating in the water quality sensors market include Oakton (Australia)  Thermo Fisher Scientific (U.S.A), YSI (U.S), Atlas Scientific (U.S), Hach Instruments (Colorado), Hannah Intruments (U.K), HORBIA (Japan) and Libelium (Spain)among others.

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Color Detection Sensor Market Share, Trends, & Analysis by 2024

Color detection sensors are photo-electric sensors which generally use light to voltage, light to frequency and light to digital techniques to sense color and light. Trans-missive and reflective sensing are two major color sensing systems used in the market. In case of trans-missive sensing, the sensor identifies the color of light that is reflected from a source of light, while in reflective sensing, the sensor identifies the color of light from a particular surface.

These sensors provide reliable solutions to difficult automation challenges. They are mostly used for different purposes such as detection of components, verification of stages in manufacturing processes, matching colors of adhesive tape and various components, detection of color marks on parts and packaging of products among others. Moreover, color detection sensors have wide range of applications in the industrial automation sector. With advancement of technology, different color sensors have been developed with significant improvements like smaller package size, high precision and detection of more colors among others.

The color detection sensors market is expected to grow at a steady rate during the forecast period. The major reasons are attributed to increasing development of industries and modern technological advancements. Moreover, these sensors are widely used in various industries for identifying and distinguishing different colors. The ability to differentiate various objects by their respective colors with superior consistency and accuracy has significantly driven the market growth of these sensors. Color detection sensors identify the color of the object by analyzing the light reflected from the surface of the object.

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Other factors driving the growth of the market are innovations in technology, increasing development in automation industry, rising global investment patterns and growing demand from various end-use industries like packaging, petrochemicals, food & beverage, hardware, textiles and chemicals among others. In addition, increasing usage of metallic and lustrous paints or inks in products is further fuelling the demand for superior color sensors, brightness and contrast sensors for precise identification purposes. However, the cost factor and increasing demand for accuracy and more features are some of the factors restraining the growth of the color detection sensors market.

Color detection sensor market can be broadly classified on the basis of product types, applications, end-use industry and geography. By product type, the market is segmented into color sensing, luminescence sensor, RGB sensor, brightness sensor, print mark sensor and contrast sensor. The market by applications is divided into consumer and commercial printing, health and wellness, lighting and digital signage, gas and fluid analysis and industrial automation. In terms of end-use industry, the market is sub-divided into food and beverage, automotive, textiles, chemical, pharmaceutical, paper and pulp, packaging and consumer industry among others.

By geography, the color detection sensor market is segmented into North America, Europe, Asia pacific, Middle East and Africa and Latin America. Currently Europe is dominating the market in terms of revenue, owing to huge technological advancements in this region. Moreover, large number of suppliers of color detection sensors have their widespread presence in Europe. However, Asia Pacific is likely to grow at the highest CAGR, owing to newly establishing industries and innovation in technology among others. Moreover, there is also significant growth opportunity for this market in Middle East and Africa and Latin America.

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Top players in the market for color detection sensors are Ams AG (Austria), ASTECH GmbH (Germany), Atlas Scientific LLC (U.S.), Banner Engineering (U.S.), Balluff GmbH (Germany), Baumer (Germany), CTi Automation (Mexico), Datalogic S.p.A (Italy), EMX Industries Inc. (U.S.), SICK AG (Germany) Hamamatsu Photonics K.K. (Japan), Hans TURCK GmbH Co. KG (Germany), InfraTec GmbH (Germany), JENOPTIK AG (Germany), Keyence Corp (Japan), OMRON Corporation (Japan), and Panasonic Corp. (Japan) among others.

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Narrowband IoT Chipset Market COVID19 Impact Analysis

The world narrowband IoT chipset market is foretold to offer a host of benefits and birth impressive use cases which could answer for the cellular IoT troubles. Vendors will be able to produce service-level agreements suitable for certain services such as those related to healthcare. Vodafone has stated that its upgrade costs could be kept low with the move to narrowband IoT. With the usage of licensed spectrum, narrowband IoT strongly competes with other low-power WAN (LPWAN) technologies such as LoRa and Sigfox. Besides this, narrowband IoT is pampered with a wider base of established vendors and telecom operators.

The global narrowband IoT chipset market could be segmented on the basis of application, device, stationing, and technology. All of the key areas of the market are broadly discussed so as to gain a deep insight into the industry.

The report on the international narrowband IoT chipset market is a profound study of the industry which presents some of the most conclusive factors deemed significant for any participant looking to cement its position.

Global Narrowband IoT Chipset Market: Trends and Opportunities

The demand in the world narrowband IoT chipset market is envisaged to testify a telling growth rate on the back of a commanding network coverage and more number of connections provided with the help of narrowband IoT technology. However, the global market is not dependent on just one or two growth factors. The surge in the need for cellular IoT networks is anticipated to raise the bar of growth. On an international platform, the demand could gain strength as consumers become aware of the lower component costs and improvised penetration coverage offered by the narrowband IoT technology.

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The shortfall of standardization, high operational expenditure, fragmented nature of the market, and technological dependence for application are the main factors prognosticated to put the brakes on the growth of the narrowband IoT chipset industry. Nevertheless, vendors in the global narrowband IoT chipset market can keep their heads up with the surge in Internet penetration and an augmenting employment of the narrowband IoT technology.

Global Narrowband IoT Chipset Market: Geographical Study

Some of the top aspects of a significant growth expected on the part of the Asia Pacific narrowband IoT chipset market are the enhancement of the IoT technology furthered with the help of government grants and rapid rise of Internet application. As a result, the region is predicted to record a higher advancement in the global market. South Korea, India, Japan, and China could be the top countries primed for a convincing growth in Asia Pacific.

North America is prophesied to secure a lion’s share in the global narrowband IoT chipset market as the government plans to develop smart cities with mammoth investments in place. Another major factor deemed responsible for the heavy growth in North America could be the presence of sundry communication networks resulting from vast Internet penetration.

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Global Narrowband IoT Chipset Market: Competition

Among others, Vodafone Group PLC, U-Blox Holding AG, Ericsson, MistBase AB, and Huawei Technologies Co. Ltd. are foretold to present themselves as major players in the international narrowband IoT chipset market. The report presents a detailed profiling of each player along with an analysis of their key developments and future plans.

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