Wearable Technology Market Size 2020 | Business Scope for Forecast period 2029

Wearable technology is, primarily, an electronic items incorporated with certain kind of technology. The technology can be easily worn on body to track real-time information. Wearable technology implies wristbands that can be worn on wrist and helps track information such as pulse, heart rate, steps walked, sleep hours, and many other. Wristbands launched by Jawbone, Apple, Fitbit, and many other acts as activity trackers. This has gained significant customer base across the globe. The significant customer base is attributed to shift in fitness brought by wearable technology. For instance, as per report given by Fitbit, the company sold around 14 million units of its smart fitness wristbands.

Further, research and development in the field of wearable technology has resulted in innovations and new product categories. Ear-wearable and smart clothing are few examples of innovations. These products are incorporated with high-end technology. Lately, the companies are focussing on refining the design of the products to attract customers.

Even though wearable technology market is at its nascent stage, the niche segments are anticipated to have perspective for long term. In addition, changing lifestyles of consumer and shift towards fitness are providing lucrative growth opportunities for wearable technology market. Further, application of wearable device for security and healthcare are likely to drive market growth over the forecast period.

The upcoming report on dried spices market provides insights about various factors affecting growth of the market during forecast period (2019-2029). The market intelligence report also provides details about restraining factors that are likely to interfere with growth of dried spices market.

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Wearable Technology Market: Notable Developments

Integration of Internet of Things (IoT) with wearable technology is an emerging trend and yet to gain customer traction due to limited interoperability.

Once integrated, the market is likely to grow at a substantial rate in forthcoming years.

Some of the prominent players in the market are-

• Apple
• Sony
• Samsung
• Fitbit
• Mi

Wearable Technology Market: Key Trends

Owing to increasing urbanization, demand for aesthetically appealing and advanced feature wearable technology is also rising. People are opting for devices which can serve daily requirements as well as track real time information. As a result, demand for smart watches is rising across the globe.

Considering the rising demand from millennial consumers, the companies are focusing on development of products which can also work hour tracking and maintain the luxury standards of the user.

In 2018, Fossil Group introduced seven next-generation smartwatches. The product provides aesthetic design for Indian millennial along with enhanced technological feature on the wrist.

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Wearable Technology Market: Regional Analysis

North America is considered as hub technological advancements across the world. With introduction of smart gadgets, demand for sophisticated and multi-functional device is rising. Rising disposable income and high adoption rate of latest wearable devices are key driving factors for the market in the region. Further, presence of prominent players such as Garmin, Apple, and Fitbit are adding to growth of the wearable technology market in the region.

In addition, the regional market is witnessing inflow of capital from various sports association of North America. The investment aims at production of wearable technologies which can eliminate risk of preventable injuries. The investment is likely to boost wearable technology market in the region.

For example, the US-based based basketball team Golden State Warriors has collaborated with smart clothing company Athos. The collaboration aims at production of wearable device that can help injury prevention and optimize performance of the player. 

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Outdoor LED Displays Market Share 2020 | Regional Insights, Trends & Growth Forecast To 2027

Outdoor LED displays are utilized in offering improved view of various events such as exhibitions, sports events, live concerts, and many others. This factor is playing an important role in the increased adoption of LED displays in several countries across the globe for purposes like sports and advertising. This is likely to drive the global outdoor LED displays market over the years of projection.

Outdoor LED displays come with several advanced features, which are likely to escalate the demand for the product. These features are prolonged life, high-energy efficiency, and low operational price. Several LED companies offer end-to-end service to their clients such as displaying on site and installation. Furthermore, increased utilization of these platforms for fostering the promotional behaviors of several corporate brands are likely to trigger development of the global outdoor LED displays market. Video walls and advertising boards are used for such brand promotions.

Type, application, and region are displays market the three key parameters based on which the global outdoor LED displays market has been segmented for a detailed discussion. The sole purpose of such segmentation is to offer a clearer, precise, 360-degree view of the market.

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Global Outdoor LED displays market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global outdoor LED displays market is mentioned below:

• In February 2020, North America-based NEC Display Solutions is a prominent provider of digital signage solutions. The company made an announcement of an update regarding its Q series of dvLED (direct view LED) display lineup. This new display solution comes with an extended lifespan and high quality images. The improvement in the quality of image indicates at higher rate of refresh and more colors that are displayable. This upgradation is likely to increase the market share of the company in near future.

The global outdoor LED display market is highly competitive and driven by latest technologies. Some well-known organizations in the global outdoor LED displays market include the below-mentioned:

• Sony Corporation
• LG Electronics, Inc.
• Data Display Co., Ltd.
• Panasonic Corporation
• Toshiba Corporation
• Buchi Labortechnik AG

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Global Outdoor LED displays market: Key Trends

The global outdoor LED displays market is likely to observe following drivers, opportunities, and restraints over the assessment period, from 2019 to 2027.

Augmented Spend on Promotional Activities to Shape Contours of the Market

Augmented demand for outdoor LED displays for the purpose of broadcasting advertisements and live actions have increased over the years, which is positively affect the global outdoor LED displays market over the years of projection.

In the last couple of years, a rising number of sports and musical events are being aired in open spaces. In addition, development of sports arenas and open air venues is likely to shoot up the demand for the product in near future. A surge in the brand endorsement and promotion activities together with colossal rise in the development of new products is likely to play an important role in the development of the global outdoor LED displays market.

In addition to that, the prominent sports companies in the market are making hefty investments in the promotion of their products through outdoor LED displays. These increased promotional activities are estimated to draw attention of a large number of consumers toward sports products. As such, the demands for outdoor LED displays are expected to rise. In addition, a huge rise in the number of various sports events, such as IPL, FIFA World Cup, UEFA Europa League, Olympics, and many other events are likely open up new avenues of revenue generation for the global outdoor LED displays market in the years to come.

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COVID- 19 to Impact Demand Growth of Surge Arresters Market

The highly concentrated structure of the competitive landscape of the global surge arresters market ensures intense rivalry between leading players, finds Transparency Market Research in a recent study. In 2018, the top five surge arrest manufacturers, namely, ABB Ltd., Eaton Corp., Schneider Electric, Emerson Electric, and General Electric, jointly held a share of more than 60% in this market. To withstand this competition, companies are currently focusing on technical advancements of existent offerings. Product innovation is also expected to gain prominence over the coming years in order to retain their positions in the global market. 

Growing Need to Protect Home Appliances from Sudden Power Surge Fuels Demand for Surge Arresters

With the increasing disposable income, a growing desire for a comfortable living can be seen among people all over the world. Electronic devices play a crucial role in providing a comfortable life for the working population, which is why their demand is witnessing new highs on a regular interval. The ongoing technical advancements in consumer electronic appliances are also creating a huge demand for them.

In order to function properly, these appliances require a steady uninterrupted supply of power; however, in most of the cases, they lack inbuilt protection from electricity fluctuation. The irregular flow of power may result in fire and damage household items and their surroundings. Surge arresters, such as voltage regulators and surge protectors, provide efficient protection against such electrical damages by adjusting and normalizing power consumption, ensuring the safety of electronic appliances. The growing need to protect home appliances from sudden surges in electricity is boosting the demand for surge arresters significantly across the world.

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Imminent Growth in Power Generation to Present Opportunity-rich Market to Surge Arrester Manufacturers

Analysts at TMR expect surge arresters to witness a healthy rise in demand over the forthcoming years too. In emerging economies, the rising concerns over the depletion of natural energy resources have created a huge opportunity for the production of electricity from non-renewable resources. This imminent growth in power generation is anticipated to present an opportunity-rich market to the manufacturers of surge arresters. However, the additional cost involved in the installation of these devices may hinder this growth to some extent over the years to come.

North America Leads among Regional Markets for Surge Arresters

Transparency Market Research estimates the global opportunity in the surge arresters market to increase from US$ 2.07 bn in 2018 to US$ 3.25 bn at a CAGR of 5.10% between 2019 and 2027. Among the regional markets, North America tops the list in terms of the surge arrester consumptions. In 2018, the region generated a revenue of US$ XX bn, accounting for a share of 32% in the overall market. By 2027, the contribution of this region to the overall revenue is expected to increase to US$ XX bn. However, due to the strong performance of other regions, it is likely to witness a decline in its overall share in the years to come.

The high voltage surge arresters segment has occupied the key position among all the product segment. Analysts predict it to remain the same throughout the forecast period. Surge arresters will continue to find utmost demand in industrial applications over the forthcoming years, says TMR.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Surge Arresters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027.”

Key Takeaways

• In 2018, over 60% of the market was controlled by just five players
• Surge arresters provide efficient protection against electrical damage from power fluctuations
• Opportunity in surge arresters is likely to increase at a CAGR of 5.10% between 2019 and 2027

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Anti-drone Market Trends 2020 | Product, Industry Developments, Share, Current Trends by 2030

Transparency Market Research delivers key insights on the global anti-drone market. In terms of revenue, the global anti-drone market is estimated to expand at a CAGR of ~21% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global anti-drone market.

The global anti-drone market is broadly affected by several factors, including the number of drones taking to the skies, which is projected to not slowdown at any point in the near future. The market for anti-drone systems is probably going to take off and it will be interesting to perceive how the contending innovation based new technologies change in the years ahead.  

Anti-drone Market: Dynamics

The adoption of the FBG technology across various industries for various applications is expected to drive the anti-drone market. Increasing demand from the commercial sector is a crucial factor impacting the anti-drone market. Drones have played a crucial role during the COVID-19 pandemic as a mechanism for law enforcement, delivery of healthcare services, and delivery for e-Commerce platforms among other roles. The use of drones/UAVs for illegal activities such as piracy, unauthorized surveillance, and spying are expected to increase.

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The other factor affecting the market is the increasing demand for anti-drones for military and defense purposes. As the commercial sector of various countries around the world is eyeing drone delivery systems, it is crucial for military and defense sectors to identify whether the drones moving in the sky are safe or not. Several drones, unmanned aerial vehicles (UAVs), and unmanned aerial systems (UASs) are available in the market due to rapid technological advancements in this field. This has eventually brought down their prices, making them easily accessible to everyone. Although UAVs have their origin embedded in military applications (which also have been growing in terms of size, payload, and capabilities in recent years), their use for illegal and non-peaceful purposes is on the rise.

Although strict government regulations regarding unauthorized or illegal use of drones still do not exist in several parts of the world, the use of anti-drone systems would require several clearances from government bodies for their legal use. For these reasons, nobody can possess an anti-drone system without proper training and a legal license. This restraint is projected to have a moderate impact on the anti-drone market in the next few years.

Anti-drone Market: Prominent Regions

The U.S. holds a leading share of the North America anti-drone market. The market in the country is expected to expand at a moderate rate during the forecast period. The U.S. has extensive availability of technologically advanced products. Requirement of anti-drone systems in the U.S. market is increasing rapidly due to various drones flying for commercial delivery purposes and for video shooting purposes in the sky and due to high risks associated with these drones. India is expected to be a moderately growing economy in the Asia Pacific region in the next few years. India is focusing considerably on its military and defense sector, wherein anti-drones are used. EU5, which comprises the U.K., Germany, France, Italy, and Spain holds the maximum share of the Europe anti-drone market, owing to the usage of anti-drone systems for security and surveillance in these countries.

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Anti-drone Market: Key Players

Key players operating in the global anti-drone market are Boeing Co, Dedrone, DeTect, Inc, DroneShield, Enterprise Control Systems, Lockheed Martin Corporation, Liteye Systems, Inc., Raytheon Co., Thales Group, Theiss UAV Solutions, LLC., SAAB A.B., SRC, Inc., and Safran Electronics & Defense.

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3D Printed Automotive Components Market: Top Challenges to Face in 2020-2027

OEMs have begun adopting new technologies to manufacture components and parts of vehicles, and the latest technique is known as additive manufacturing (AM) or 3D printing. This process of manufacturing utilizes the 3D printer to develop the design constructed file or CAD file into a fully functional object. This manufacturing technique enables the manufacture of diverse products of varying complexity, shape, size, and material. In the process of manufacturing, the computer operated machine or printer forms a three dimensional object.

The printer uses a combination of different materials such as powdered grains fused with different liquid molecules and projected the material layer by layer to form the desired structure. 3D printed components are highly durable, strong, and can resist higher temperatures. These benefits have prompted automobile manufacturers to shift from conventional manufacturing process to 3D printed manufacturing process.

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3D Printed Automotive Components Market - Competitive Landscape

Automakers such as BMW have widely accepted the 3D printed automotive component. In 2018, the company announced plans to produce more than 200,000 components using 3D printing. The window guide rail for BMW i8 Roadster was developed by 3D printing and the company took only five days to develop it. In 2018, BMW Group built a new additive manufacturing campus to increase the production of 3D printed automotive components.

3D Hubs

Founded in 2013, 3D Hubs has production facilities in over 140 countries globally. The company, with headquarters in Amsterdam, Netherlands, has manufactured more than 2 million parts since 2013. The company’s business vertical include 3D printing, CNC machining, and injection molding.

3D Printed Automotive Components Market Dynamics

Rising adoption of advanced technologies

The global 3D printed automotive components market is expected to expand owing to a rise in adoption of advanced technologies for manufacturing components in the automobile industry. Increased demand for light weight, durable, safe, highly tensile, high temperature-resistant, and less expensive components is anticipated to boost the demand for 3D printed automotive components, as these products can be seamlessly integrated in all types of automobiles.

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Rise in sales of premium & luxury vehicles and growing stringency in emission norms to drive the 3D printed automotive component market

Increasing demand and sales of premium and new vehicles, stringent government norms and regulations regarding emission, higher fuel efficiency, and low emission, emerging economies, and technological enhancements are key factors that are projected to boost the global 3D printed automotive components market.

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Automotive Fleet Market: Recommendations to Deal with Industy Restraints 2020-2025

Automotive fleet is a group of vehicles which is owned and managed by a government organization or a private company. At times, the government organization or private company governing the automotive fleet also prefers to lease the vehicles.

Rising industrialization is fueling the demand for a large number of high capacity vehicles for large-scale transport and shipment of goods and services in several countries across the world. This is expected to drive the automotive fleet market during the forecast period. The entry of several companies into fleet management and service business and increasing government investments in the automotive fleet management sector are anticipated to further fuel the automotive fleet market in the near future.

Companies are strategically utilizing their fleet of vehicles as a means to gain public exposure by placing logos and advertisements on each vehicle. Increasing technological advancements such as vehicle-to-vehicle connectivity, also known as “platooning” of vehicles, and increasing efforts by OEMs to develop and introduce autonomous vehicles on the road are anticipated to boost the automotive fleet market during the forecast period.

However, maintaining an entire fleet of vehicles requires high cost and space. This is anticipated to hamper the automotive fleet market during the forecast period. Furthermore, rising sales of vehicles in the retail segment is expected to restrain the automotive fleet market in the near future. Unplanned short order production cycles by OEMs lead to a shortage of supply of commercial fleet vehicles, primarily trucks. This creates a gap between the demand and supply of fleet vehicles, especially trucks. This is anticipated to hinder the automotive fleet market during the forecast period.

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The global Automotive Fleet Market can be segmented based on vehicle, type, nature of fleet, electric vehicle, and region. In terms of vehicle, the automotive fleet market can be classified into passenger vehicles and commercial vehicles. The commercial vehicles segment can be further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. The heavy commercial vehicles segment is anticipated to expand at a rapid pace during the forecast period owing to the increased leasing of heavy-duty trucks for transport of materials and services across the world.

Based on the type, the automotive fleet market can be divided into ownership and leasing. The leasing segment is anticipated to expand at a rapid pace during the forecast period, since owning an entire fleet of vehicles requires considerable investment. An automotive fleet is usually owned by government organizations and associations.

Based on nature of fleet, the automotive fleet market can be segmented into goods & services carrying vehicles and passenger carrying vehicles. The goods & services carrying vehicles segment is expected to expand at a high growth rate owing to the rising demand for transportation of goods & services across the world, due to the rapid industrialization in various regions across the world.

Based on electric vehicles, the automotive fleet market can be segregated into battery electric vehicles (BEVs), plug-in electric vehicles (PEVs), and hybrid electric vehicles (HEVs). The hybrid electric vehicles segment is anticipated to expand at a significant growth rate during the forecast period, since HEVs combine the conventional internal combustion engines (ICE) with the electric propulsion systems. The electric propulsion system aids in improving the fuel-efficiency of the vehicle.

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Based on geographical region, the automotive fleet market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to lead the automotive fleet market during the forecast period owing to the rapidly increasing demand for fleet vehicles for transport of goods & services in the region and the developed economies in this region, which promote the maintenance and management of automotive fleets.

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Vehicle Roadside Assistance Market: New Sales and Industying Trends in 2020-2027

Vehicle roadside assistance refers to a service helping the driver of a vehicle during the breakdown of the vehicle. Vehicle roadside assistance solutions provide on-site help to the owners or drivers with basic support. This basic support comprises misplaced or lost keys (lockout service), flat tire support, on-site minor mechanical and electrical repair, fuel delivery service, and battery jump start. It is simply an effort by professionals of the automotive industry to solve minor issues of a vehicle during a breakdown. The global vehicle roadside assistance market is expected to observe rapid growth due to increased production of automobiles all over the world.

Some of the key companies mentioned in the this report on global vehicle roadside assistance market comprise TVS Auto Assist India Limited, Falck A/S, Allianz Global Assistance, Twenty Four OTR Pvt Ltd, Viking Assistance Group AS, Good Sam Enterprise, LLC, ARC Europe SA, and SOS International A/S.

Utilizing extensive research methods, Transparency Market Research presents an all-inclusive study on the global vehicle roadside assistance market, for the period 2019 to 2027. The report estimates that the global vehicle roadside assistance market is likely to register growth at 4% CAGR.

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Europe to Emerge as a Prominent Region over the Forecast Timeframe, from 2019 to2027

The global vehicle roadside assistance market is segmented into the principal regions of North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific. Considering region-based segmentation of the global vehicle roadside assistance market, it is likely that Asia Pacific is going to emerge as highly lucrative region during the timeframe of assessment, from 2019 to 2027.

The vehicle roadside assistance market is likely to observe considerable growth in Europe as well. There has a substantial rise in sales and vehicle registrations in Europe. With the increased number of automotives plying on the road, more breakdown could be observed, which is likely to stimulate growth of the Europe vehicle roadside assistance market during the tenure of assessment.

Apart increased sales of vehicles, extremely cold climatic conditions coupled with easy availability of such services on the roads of Europe, it is likely that market will register robust growth in forthcoming years.

Rise in Aging Automotive Stimulates Growth of the Market

A considerable rise in the aging automotive, which is more likely to witness breakdown on the roadways is expected to support growth of the global vehicle roadside assistance market in forthcoming years. Aging vehicles are prone to witness frequent mechanical and electrical problems and are more likely to demand this service. Furthermore, use of an app-driven services leads to quick response and minimization of response period for assistance. Such app-based services are likely to accelerate demand for vehicle roadside assistance solutions.

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Increase in production of vehicles has resulted in road collisions and traffic jams, which has led to increased government effort to offer these services. This factor is likely to support expansion of the size of the global vehicle roadside assistance market in foreseeable future.

The information shared in this review is based on a TMR report, bearing the title, “Vehicle roadside assistance market (Service - Towing, Tire Replacement, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Service, Winch, Battery Assistance, and Trip Routing/ Navigational Assistance; Provider - Auto Manufacturer, Motor Insurance, Independent Warranty, and Automotive Clubs; Vehicle - Passenger Vehicle and Commercial Vehicle) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 to 2027”

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