GPIO Expanders Market: Growth Opportunities to Tap into in 2020-2027

Transparency Market Research delivers key insights on the global GPIO expanders market. In terms of revenue, the GPIO expanders market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in its report on the GPIO expanders market.

A GPIO expander is a component that offers a designer the ability to implement additional outputs and inputs on a microcontroller and microprocessor system. These expanders have advanced drive capability than the I/O on a microcontroller and microprocessor system. This allows them to drive devices with higher load such as LEDs. Moreover, GPIO expanders have an efficient Data Bus interface to decrease the I/O requirement. They also allow the I/O to be physically located on a system in an altered location from the processor, thereby improving signal integrity.

GPIO Expanders Market: Dynamics

The global GPIO expanders market is witnessing significant growth, owing to increased demand for small wearable and mobile devices. Small wearable and mobile devices are, by design, reliant on battery power. Hence, manufacturers are focusing on offering GPIO expanders with features such as reduced energy consumption and system overhead as well as improved product development cycles. Moreover, manufacturers are offering tools such as I2C demonstration boards to aid evaluation, analysis, testing, and debug capabilities as well as development projects. These boards consist of numerous I2C devices and they can be connected via USB cables to desktop or laptop computers for further processing and development of electronic components. The aforementioned advantages offered by GPIO expanders are expected to boost the growth of the GPIO expanders market during the forecast period.

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GPIO Expanders Market: Prominent Regions

North America is a dominant region in the global GPIO expanders market. Growth of this market in North America can be attributed to high investments in research and development and a large number of manufacturers operating in the region. Manufacturers of GPIO are focusing on the provision to tailor outputs as required, configuring inputs and controlling identity interrupt, along with low power consumption that extends battery life of wearable and small electronic devices, and enhances user satisfaction. This is likely to boost the GPIO expanders market in North America in the near future.

This market in Asia Pacific is estimated to witness significant growth during the forecast period. This growth can be ascribed to increasing sales of smartphones, tablets, and other mobile devices in the region. Sales of smartphones are increasing in developing countries of the region such as India, Indonesia, and Malaysia. Additionally, surging demand for smartphones and mobile devices is expected to drive the market for GPIO expanders during the forecast period.

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GPIO Expanders Market: Key Players

Key players operating in the global GPIO expanders market are NXP Semiconductors, Maxim Integrated, Microchip Technology Inc., Maxlinear, Inc., Texas Instrument, Lattice Semiconductor, Analog Devices, Inc., Silicon Laboratories, Nexperia, On Semiconductor, STMicroelectronics, Semtech Corp., Diodes Incorporated SA, and Cypress Semiconductor Corporation.

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Surface Haptic Technology Market | Size, Share, COVID – 19 Outbreak and Forecast to 2027

Transparency Market Research delivers key insights on the global surface haptic technology market. In terms of revenue, the global market is estimated to expand at a CAGR of ~18% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global surface haptic technology market.

The surface haptic technology creates haptic effects on touchscreens and other physical surfaces. The architecture for the surface haptic technology includes actuators, motors, drivers, and processors. The technology is used in a large number of applications such as smartphones, automotive interior control systems, automotive infotainment systems, gaming consoles, and smart TVs across the world. Asia Pacific is estimated to continue to lead the global surface haptic technology market, with the market in the region expanding at a CAGR of more than 18% during the forecast period. Prominent economies in Asia Pacific, such as China, Japan, and India, are increasingly adopting the surface haptic technology, due to high demand for smartphones and automobiles in these countries.

Surface Haptic Technology Market: Dynamics

The surface haptic technology makes use of human touch, vibration, and motion and creates the sense of touch in electronic devices. Generally, it generates the sense of touch on surfaces such as smartphone screens or computer screens. Advanced vehicles have various systems integrated inside them such as a music system, infotainment system, GPS (global positioning system), and electronic gadgets. However, controlling these features can sometimes distract the driver, which can cause accident. Safety regulations are being imposed, due to increasing number of accidents. The surface haptic technology uses the sense of touch to control electronic devices inside the vehicle so as to avoid distraction of the driver. Furthermore, it eliminates the driver’s dependence on visual interaction and thus, helps reduce distraction of the driver.

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The surface haptic technology simulates the sense of touch through human touch, vibration, and motion. The technology is widely being used in several consumer electronics devices including smartphones and gaming consoles. This is attributable to growing importance of the touchscreen interface across consumer electronics devices. Devices enabled with the surface haptic technology make the touchscreen interface more engaging and interactive. Several companies are innovating technologies pertaining to surface haptics for use in consumer electronics devices. For instance, in 2017, Tanvas, a provider of products based on the surface haptic technology, announced to introduce an advanced surface haptic feature called ‘Tanvas Touch,’ which allows the user to feel the fabric texture through the screen. Moreover, increasing adoption of the surface haptic technology in the consumer electronics sector is projected to significantly drive the global surface haptic technology market during the forecast period

Surface Haptic Technology Market: Prominent Regions

In terms of revenue, Asia Pacific holds a major share of the global market for surface haptic technology. Leading share of this region is primarily attributable to growth of the consumer electronics industry and the large number of smartphone users in the region; especially in key economies such as China, Japan, and India. Furthermore, several key players in the market are partnering with companies in Asia Pacific to develop innovative solutions based on the surface haptic technology.

For instance, in 2018, TDK Corporation announced that its subsidiary i.e. TDK Electronics is teaming with AITO B.V., a provider of piezo haptics-based solutions, for the development of touch response solutions based on the former’s piezo actuators and the latter’s HapticTouch control solution. The market in Europe is projected to expand at a significant CAGR during the forecast period, owing to growing use of solutions based on the surface haptic technology in the automotive industry in the region to enhance the user safety and experience. The surface haptic technology is largely incorporated in vehicle infotainment systems.

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Surface Haptic Technology Market: Key Players

The report includes profiles of well-established players operating in the global surface haptic technology market. These include players such as TDK Corporation, Actronika, Tanvas, Immersion Corporation, and Texas Instruments Incorporated, which lead the global market. These players are focused on strategic collaborations for innovating the surface haptic technology to be used across multiple applications.

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Biophotonics Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

The global biophotonics market has been projected in a report by Transparency Market Research (TMR) to find players introducing the study in different non-medical applications. Several companies operate in the global biophotonics market, including Oxford Instruments Plc., Hamamatsu Photonics K.K., Olympus Corporation, PerkinElmer Inc., and Becton Dickinson & Co. Among these, Hamamatsu Photonics K.K. and Becton Dickinson & Co. are projected to lead the global biophotonics market in the next few years. They can bank on their technical expertise, brand value, financial power, and dedicated research facilities to gain a strong foothold in the global biophotonics market.

TMR projects that the global biophotonics market is estimated to reach value of US$ 100.15 Bn by 2027. Among end-uses, the non-medical applications segment of the global market is expected to witness rapid growth during the forecast period. Among regions, North America is estimated to dominate the global biophotonics market during the forecast period.

Growth of Elderly Population and Rise in Demand for Quality Healthcare to Drive Market

The global biophotonics market is anticipated to gain momentum during the forecast period, due to increase in the geriatric population and rise in demand for high-quality healthcare services across the world. In the near future, the global biophotonics market is projected to witness significant growth, on the backdrop of availability of private and government funds offered for the research and development purpose. Aerospace and telecom industries witnessing advancements in optical technologies are projected to drive the global biophotonics market during the forecast period.

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Rising demand for biophotonics for use in non-medical applications is expected to propel the global biophotonics market during the forecast period. Biophotonics is employed to detect pathogens in agricultural food products and prevent unauthorized access to agricultural data. Other lucrative end-use segments such as medical diagnostics of the global biophotonics market are also projected to witness significant growth during the forecast period. Rising demand for non-invasive surgical procedures in oncology, cardiology, neurology, and brain imaging is expected to drive the global biophotonics market from 2019 to 2027. Rise in the number of diabetic patients can be another factor augmenting the global biophotonics market.

Complexities of Biophotonics Technology and High Costs to Hamper Market

There are certain factors that can hamper the global biophotonics market. For instance, the complexity of biophotonics and high costs of biophotonics-based instruments are projected to hinder the global market during the forecast period. However, growing awareness about food security can create significant opportunities for the global biophotonics market. On the other hand, rising demand for minimally invasive surgeries is expected to fuel the global biophotonics market during the forecast period.

Developing regions such as Asia Pacific can offer lucrative opportunities for the global biophotonics market, due to increasing healthcare expenditure in these regions. Among developed regions, North America is expected to provide growth opportunities for vendors in the near future, due to increase in the number of cancer patients in the region.

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The information presented here is based on a TMR report titled ‘Biophotonics Market (End-use: Tests & Components, Medical Therapeutics, Medical Diagnostics, and Non-medical Applications; and Application: See-through Imaging, Microscopy, Inside Imaging, Spectro Molecular, Other Analytics Sensing, Light Therapy, Surface Imaging, and Biosensors) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’

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Water Meter Market by Types, Demand, Top Manufacturers and Application in Grooming Regions

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market. 

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

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Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

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Radio Frequency Filters Market Report: Top Companies, Trends and Future Prospects Details for Business Development

Radio frequency filters find application in wireless radio-frequency-based devices. They are used to filter the outgoing and incoming signals. This allows for passing of only required frequencies through a circuit and rejecting all other unneeded frequencies. The global radio frequency filters market is foreseen to show growth at promising pace during the tenure of 2020 to 2030.

An upcoming research report from TMR on the radio frequency filters market offers detailed study of all factors and trends shaping the future of this market. Thus, this report covers analysis of drivers, opportunities, restraints, and challenges of the market for radio frequency filters. The report works as a dependable guide of the radio frequency filters market for the forecast period of 2020 to 2030.

The report performs segmentation of the global radio frequency filters market based on gamut of key factors including application, technology, and region. Based on technology, the market for radio frequency filters is bifurcated into SAW and BAW.

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Global Radio Frequency Filters Market: Growth Dynamics

The global radio frequency filters market is projected to experience remarkable growth opportunities on the back of plethora of factors. Considerable increase in demand for satellite phones together with growing use of smartphones by major populace living in all worldwide locations is one of the key factors impacting positively on the growth of the market for radio frequency filters. This aside, rising focus of many countries from all across the world toward digitization will help in the expansion of the radio frequency filters market in the upcoming years.

Radio frequency filters find application in various key sectors. Growing use of these products in sonar, seismology, wireless communications, and consumer electronics is working as a key factor stimulating growth of the global radio frequency filters market.

At present, wireless devices work on gamut of bands owing to inclusion of various sensors such as wireless antenna, GPS, Wi-Fi, and Bluetooth in them. In this scenario, radio frequency filters are used to allow flawless coexistence of all sensors in that particular device with no interference. Owing to this factor, vendors working in the global radio frequency filters market are gaining prominent growth opportunities.

Global Radio Frequency Filters Market: Notable Development and Competitive Analysis

The competitive landscape of the global radio frequency filters market is highly intense. The market is fragmented in nature. Industry leaders are concentrated on acquisition of small regional vendors. This strategy is helping these players to maintain their prominent market position. This aside, gamut of players in the global radio frequency filters market are growing efforts toward innovating their products. To achieve this target, they are increasing their spending on research activities. All these factors are suggestive of the optimistic future of the global radio frequency filters market.

The list of key players in the global radio frequency filters market includes:

• Dover Corp.
• Broadcom Inc.
• Murata Manufacturing Co. Ltd.
• KYOCERA Corp.
• Qualcomm Inc.
• Qorvo Inc.
• STMicroelectronics NV
• Skyworks Solutions Inc.

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Global Radio Frequency Filters Market: Regional Assessment

The radio frequency filters market experiences promising growth opportunities is Asia Pacific. One of the critical reasons supporting this growth is existence of considerable number of vendors engaged in the manufacturing of consumer electronics products. This aside, vendors will witness prominent growth in Asia Pacific owing to presence of important markets such as South Korea (Republic of Korea), China, and Taiwan in this region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Microcars Market Report 2020, COVID-19 Impact, Market Trends, Share, Size and Forecast Till 2030

According to the report, the global Microcars market is projected to reach ~US$ 12.7 Bn by 2030, expanding at a CAGR of ~15% during the forecast period. Growing environmental concerns, increasing fuel prices, and traffic congestion globally have laid emphasis on improving transportation facilities. Thus, vehicle manufacturers are focusing on the development of comfortable, affordable, and fuel-efficient small vehicles. This is likely to boost the microcars market during the forecast period.

Rapid increase in vehicle penetration in developing countries and rise in investment in research & development activities are key factors that are estimated to drive the global microcars market during the forecast period. The microcars market is likely to perform well soon due to the rise in the demand for hybrid cars in Asia Pacific, owing to their affordability as well as low maintenance, along with the decrease in the micro electric vehicle’s battery cost, which is likely to propel microcars market in Asia Pacific.

Rise in government initiatives for the development of microcars as well as vehicle manufacturers are integrating advance technology, including advance drive assist (ADAS) and connected vehicle, which is likely to enhance the microcars market across the globe. Moreover, in the U.K., the government offers several tax benefits to people who use microcars. Increase in smart car culture among the young population, rise in export opportunities for microcar manufacturers, and a surge in disposable income are anticipated to boost the microcars market across the globe.

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Expansion of Microcars Market

The surge in trade volume, owing to rising bilateral trade among countries is projected to boost the microcars market during the forecast period. China witnessed a surge in both general trade volume and proportion, rising to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year. Based on drive, the global microcars market has been segmented into 2WD/1WD and AWD. AWD is likely to be highly lucrative segment during the forecast period.

This is primarily due to the rise in use of sports utility vehicles and increased need for stability and control of vehicle. Legislation regarding AWD in vehicles across developed countries, including the U.S., China, and Japan, is likely to boost the microcars market. In terms of fuel type, the electric segment dominated the market, as an increase in the demand for electric vehicles due to enactment of emission regulations is driving the demand for microcars. Moreover, major vehicle manufacturers are likely to shut down the production of diesel engines due to the enactment of stringent rules and regulation regarding emission, which is estimated to boost the demand for electric microcars. This, in turn, is anticipated to boost the microcars market across the globe.

Regional Analysis of Microcars Market

In terms of region, the global microcars market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global microcars market in 2019. It is anticipated to hold a leading share during the forecast period due to the rise in sales and production of vehicles in China and ASEAN.

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Thus, rise in demand for electric vehicles across the Asia Pacific is anticipated to further boost the microcars market in the region. Prominent players operating in the global microcars market include BMW AG., Mazda Motor Corporation, Daihatsu Motor Co., Ltd. , Daimler AG, Group PSA., Honda Motor Company, LIGIER Group., Mahindra & Mahindra, Tata Motors, Toyota Motor Corporation, Groupe Renault SA, Daihatsu Motor Co. Ltd., Piaggio & C. Spa, Subaru, and Suzuki Motor Corporation.

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Automotive Wheel Market Forecast Analysis by 2020-2027

According to the report, the global automotive wheel market is projected to surpass US$ 43.7 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Rise in demand for vehicles across the globe is likely to boost the automotive wheel market across the globe. Moreover, increase in preference for utility vehicles and luxury vehicles in conjunction with rise in the demand for comfort and luxury vehicles among consumers globally, is anticipated to propel the automotive wheel market.

Automotive Wheel Market: Introduction

According to the report, the global automotive wheel market is projected to surpass US$ 43.7 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Rise in demand for vehicles across the globe is likely to boost the automotive wheel market across the globe. Moreover, increase in preference for utility vehicles and luxury vehicles in conjunction with rise in the demand for comfort and luxury vehicles among consumers globally, is anticipated to propel the automotive wheel market.

The global automotive wheel market is anticipated to expand during the forecast period, owing to an increase in average size of wheels. The standard size of wheel rims, which was earlier 15’’-16’’, is moving to 17’’ and above. Preference for larger wheels is rising among consumers. Sales of vehicles with high ground clearance, such as SUVs, are rising, which in turn utilize large alloy wheels. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. This is likely to propel the automotive wheel market across the globe.

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Expansion of Automotive Wheel Market

The change in trade policies by the Trump Administration, such as withdrawal of trade agreement with South Korea and continuous fluctuation on tariff with import and export to China, is likely to affect the market during the forecast period. However, the U.S.-China trade has witnessed a positive turnaround and the relation between the countries is anticipated to get better. Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the automotive wheel market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to Yuan 15.66 Trn. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.

Based on vehicle type, the global automotive wheel market has been segmented into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to rise in the production of passenger vehicles across the globe.

The expansion of the ride-hailing industry across the globe, where passenger vehicles are widely used for transportation, is expected to propel the automotive wheel market across the globe. In terms of material, the alloy wheel segment dominated the market, owing to a rise in the demand for lightweight materials in the vehicle to enhance vehicle fuel efficiency. This, in turn, is anticipated to boost the automotive wheel market across the globe. Moreover, major vehicle manufacturers are emphasizing on investment for the innovation in material composition, which is likely to further fuel the automotive wheel market.

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Regional Analysis of Automotive Wheel Market

In terms of region, the global automotive wheel market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive wheel market in 2019. It is anticipated to hold a leading share during the forecast period due to rise in production and sale of vehicles in China and countries in ASEAN. The major presence of automotive component manufacturers across Asia Pacific further boosts the automotive wheel market across the globe. Followed by Asia Pacific, Europe also held a major share of the global automotive wheel market due to the presence of a large number of tier-1 suppliers who have advanced research and development facilities for wheels, which in turn is likely to boost the automotive wheel market across the globe.

Key Players

Prominent players operating in the global automotive wheel market include ARCONIC, BBS Alloy Wheel, BORBET GmbH., CITIC Dicastal Wheel Manufacturing Co., Enkei, Fuel Off Road Wheels, Foshan Nanhai Zhongnan Aluminum Wheel Co., Ltd., MAXION Wheels, MHT Luxury Wheels., RONAL Group, TSW Wheels, WHEELPROS LLC, and Superior Industries International Inc.

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