Athletic and Sports Socks Market Growth, Opportunities, Forecast To 2030

The growth of the global athletic and sports socks market largely depends on the number of people who subscribe to athletic training campaigns on an annual basis. There has been tremendous demand for new and advanced sports equipment and gear in recent times. The inclination of the masses towards lesser known sports and strenuous athletic activities has given a thrust to the growth of the global athletic and sports socks market. The overbearing demand for the product has opened new avenues for revenue generation across the market. The next decade could witness an increase in the volume of sports socks manufactured across various production houses. Henceforth, the total value of the global athletic and sports socks market is slated to increase at a stellar pace.

In this custom review by Transparency Market Research (TMR), the leading trends responsible for the growth of the athletic and sports socks market have been enunciated. The review deep-dives into the resilient trends pertaining to market expansion. The following sections also give an overview of the impact that the COVID-19 pandemic has had on the growth of the market.

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Global Athletic and Sports Socks Market: Competitive Landscape

The leading vendors operating in the global athletic and sports socks market are focusing on developing sport-centric products. These vendors are tapping into the requirements of sportspersons across a wide arena of athletic and sports activities. This has enabled the former to selectively target enthusiasts of various sports. Furthermore, there has been an increase in demand for no-show socks, especially amongst sportspersons. This trend has also given a strong impetus to the already intensifying marketing campaigns run by the vendors. Some of the leading players operating in the global athletic and sports socks market are Under Armour®, Inc., Adidas AG, Nike, Inc., Puma SE, and ASICS America Corporation. These vendors have a near-monopoly in the sports socks market, and they are expected to sweep in large chunks of the market share.

Global Athletic and Sports Socks Market: Key Trends

The presence of a seamless industry for manufacturing sports apparels and garments has generated humongous opportunities for market growth and advancement. There is a recurring demand for sports socks that can withstand changing weathers. Besides, use of waterproof sports socks has also increased by a formidable chase over the past decade. Football socks are amongst the most sought-after products in the socks market. These socks are worn over shin guards, and require high elasticity and strength. Therefore, the global athletic and sports socks market is characterized by continuous inflow of revenues and creation of new playfields for market growth.

Promotional ads have become a facilitator of growth across the global athletic and sports socks market. From knee-length socks to long, rollable socks, the market is replete with several new products. The consumers have reciprocated to the socks industry with immense enthusiasm, and have been quick to try new product types. Latest innovations in the design and manufacturing of athletic socks have been a sound drive of demand within the global athletic and sports socks market. It is, therefore, safe to expect that this market would witness a surge in revenues over the years to follow.

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Global Athletic and Sports Socks Market: Regional Outlook

On the basis of regions, the global athletic and sports socks market displays a growth-oriented landscape. Prioritization of sports and athletic activities across key regions such as North America and Asia Pacific is reaping the fruits of excellence for regional market vendors.

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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Flight Navigation System Market Growth, Opportunities, Forecast To 2024

The global flight navigation system market is experienced a steady growth throughout the forecast period from 2015 to 2021. The flight navigation management system market is highly competitive, with a limited number of market players. This system accommodates navigation and performance with aircraft system operations and integrates all the major functions starting from engine start and departs to landing and engine shut-down. Apart from this, NextGen system of flight navigation is expected to resolve the future of aircraft. The flight navigation system market is expected to grow with a steady growth rate in short period of time. However, in the long run, the market is expected to have huge ample opportunities. The technological transformation in the aircraft industry is the major driving factor behind the growth of this market.

Major market players adopted some market strategies to increase their market share and expand their global presence includes agreements, partnerships, mergers, acquisitions, joint ventures, collaborations and new product launches. Growing demand for better fuel management system associated with high growth in emerging markets has encouraged companies to adopt these growth strategies. Leading market players are focusing launching new innovative products to enter into new markets.

Flight Navigation System Market: Segmentation

The global flight navigation system market is segmented into product types, flight instruments, applications and navigation systems for unmanned aircraft systems, and geography. The product type is categorized on the basis of communications systems and avionics systems. The communication systems are segmented into automatic dependent surveillance, portable avoidance collision system, aircraft communication addressing and reporting systems, and aircraft transponders. In addition, the communication device by type is segmented into satellite and air band radio. Furthermore, on the basis of avionics systems, the market is segmented into hyperbolic navigation systems, radar, VOR/DME, INS, GNSS, ILS, Doppler Navigation system, Automatic Direction Finder, FMS, and heads-up display.

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Based on different technological trends, the global flight navigation system market is bifurcated into inertial reference systems, performance-based navigation and replacing marker beacons by DME. On the basis of flight instruments, the market is segmented into gyroscope, altimeter, magnetic compass, autopilot and sensors. Sensors are further bifurcated into air speed indicator, pitot tube, vertical speed indicator.

On the basis of application, the global flight navigation system market is categorized into rotary wing and fixed wing. Navigation system for unmanned aerial systems is segmented into satellite based long range uav, line of sight/ visual navigation & control, sense and avoid navigation. The regional-wise analysis includes product-level segmentation across four geographic regions which constitute North America, Europe, Asia Pacific and rest of the World.

Flight Navigation System Market: Key Players

Some of the key players operating in the flight navigation system market are Rockwell Collins (U.S.), Honeywell International Inc. (U.S.), Northrop Grumman Corporation (U.S.) and Raytheon Company (U.S.). These are the major players dominates this market at present and is expected to strengthen their market positions globally over the forecast period. Other significant key players in the global flight navigation systems market are Moog Inc (U.S.), Universal Systems Avionics Corporation (U.S.), Sagem (France), Esterline Technologies Corporation (U.S.), General Electric, Garmin Ltd, Jeppesen Inc, Lufthansa Systems and Navtech, Thales Group, Garmin Ltd. (Switzerland) among others.

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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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Power Semiconductor Market Will Grow in Near Future by Top Companies

The global power semiconductor market features the presence of a multitude of companies of varying sizes. This indicates a highly fragmented and competitive vendor landscape. As per a new market study by Transparency Market Research (TMR), some of the key companies operating in the global power semiconductor market have adopted strategies such as product differentiation, product upgrades, and aggressive pricing to sustain competition. Besides this, key companies are also seeking distribution partnerships with the objective to reach a wider audience, thereby expanding their regional and global outreach.

Prominent companies in the global power semiconductor market include Infineon Technologies AG, Texas Instruments, ON Semiconductor, Fuji Electric Co. Ltd., ST Microelectronics N.V., Mitsubishi Electric Group, Semikron International GmbH, and Toshiba Corporation.

According to TMR, the global power semiconductor market is likely to display a steady 5.1% CAGR over the forecast period between 2017 and 2025. Progressing at this rate, the market is anticipated to be valued at US$54,881.2 mn by the end of 2025. Among the key end use industries, automotive electronics accounts for high consumption of power semiconductor. Geography-wise, Asia Pacific has emerged as a key regional market for power semiconductors.

Among the key growth drivers, the introduction of fifth-generation (5G) mobile communication worldwide is a key factor driving the global power semiconductor market. Fifth-generation (5G) mobile communication which is anticipated to commence from 2018; the number of 5G mobile base stations is anticipated to be more than 4G base stations.

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Mobile communication requires power semiconductors especially radio frequency (RF) type. 5G base stations are likely to deploy several RF power amplifiers per base station, with 5G base stations likely to be built in large numbers. Silicon Carbide (SiC), GaN (Gallium Nitride), GaAs (Gallium Arsanide) are some of the key compounds that are used in the manufacture of power semiconductors for 5G mobile communication. For example, Nokia Bell Labs, Mitsubishi Electric, and the Center for Wireless Communications have announced a joint venture for the development of high speed GaN-based power amplifier. GaN RF are anticipated to represent almost one fourth of all mobile communication infrastructure by 2017 end.

Increasing Adoption of Electric Vehicles to Benefit Market

The heavy consumption of power semiconductors across a host of end use industries such as automotive, industrial, telecommunication, consumer electronics, healthcare, aerospace & defense, and renewable energy among others is a key growth driver of power semiconductor market. Among these, automotive electronics accounts for high consumption of semiconductors. With the rise in electric vehicles, hybrid electric vehicles, and plug-in electric vehicles, deployment of semiconductors in cars has increased manifold. Also, with the advent of drive-by-wire or x-by-wire technologies such as electronic throttle control, steer-by-wire, or shift-by-wire, electric content are considerably replacing mechanical vehicle parts. These factors are leading to the growth of automotive electronics segment in the worldwide power semiconductor market.

The high power consumption needs of data centers is also acting in favor of the growth of power semiconductor market. Currently, WBG compound power semiconductor devices are increasingly replacing silicon-based devices to enhance data center’s efficiency. WBG power devices help reduce the cooling load of data centers.

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The review presented is based on the findings of a TMR report, titled “Power Semiconductor Market (Component – Power MOSFET, Rectifiers, Thyristors, IGBT, and Diode; Material – Silicon/ Germanium, Silicon Carbide (SiC) and Gallium Nitride (GaN); End-use – Automotive, Industrial, Telecommunication, Consumer Electronics, Aerospace & Defense, and Healthcare) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.”

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Silicon Wafer Market Size By Players, Regions, By Types, Application By 2020-2025

The leading four companies in the global silicon wafers market, namely SUMCO Corporation, Shin-Etsu Chemical Co., Ltd., Siltronic AG, and SK Siltron Co., Ltd., account for a whopping 70.0% share in it. Other key players in the market are Okmetic, Wafer World Inc., Global Wafers Co., Ltd., Silicon Materials Inc., Global Wafers Co., Ltd., Sil’tronix Silicon Technologies, and Wafer Works Corporation.

A study by Transparency Market Research expects the global silicon wafers market would tread on steady yet not-so-impressive growth path by registering a CAGR of 6.8% over the course of the forecast period during 2017 and 2025. Rising at this pace, the market is projected to become worth US$14.21 mn by 2025.

The various sizes in which silicon wafers are available in the market are 100mm, 150mm, 200mm, and 300mm and above. Of them, wafers sized 300 mm and above dominated the market with maximum share in 2016. The segment is also predicted to register maximum growth rate in the next couple of years.

From a geographical standpoint, North America plays a pivotal role in the market for silicon wafers. Other major regions in the market are Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market in North America is expected to rise at a 6.5% CAGR over the course of the forecast period on account of numerous semiconductor manufacturers – leading consumers of silicon wafers – being domiciled in the region. The market in North America is primarily powered by the U.S. where wafer size of 300mm and above are seeing soaring demand.

Consumer Electronics Supporting Demand for Silicon Wafers

Silicon wafers are used for the production of semiconductors, which in turn, are used in the manufacture of electronic components that enrich our daily lives. Explains the lead analyst of the report, “The silicon wafer is a thin round disk which comes in different diameters meant to suit various electronic goods. With the skyrocketing demand for consumer electronics, demand for silicon wafers is expected to remain supported in the next couple of years. Silicon wafers find application in RFID, CMOS, MEMS, and other electronic applications.”

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Automotive is another segment that is expected to push up demand in the market for silicon wafers. The rising electrification and automation of vehicles have driven up demand for semiconductor ICs for automotive products such as infotainment systems, navigation control, and collision detection systems.

In addition, increasing use of silicon wafers in modern sophisticated technologies, namely the Internet of Things (IoT) and cloud, which are seeing uptake in defense and military and commercial applications, are expected to further bring significant growth in the overall market.

High Initial Capital Poses Challenge to Market

Acting as a headwind to the healthy growth path of the market, buoyed by the flourishing end use segments of automotive and electronics, is the steep upfront investments required to set up manufacturing units. Apart from that, rising market price of 300 mm silicon wafers is hindering the growth of global silicon wafers market too.

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This review is based on the findings of a TMR report, titled, “Silicon Wafer Market (Wafer Size – up to 100mm, 150mm, 200mm, and 300mm and above; Device – Logic and Memory, MEMS, Power Devices, RFID and CMOS; Fabrication Method – Horizontal Gradient Freeze and Horizontal Bridgeman Freeze; End-use Industry – Consumer Electronics, Automotive, Defense and Aerospace, and Energy) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”

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GNSS Chip Market Competitive Scenario and Regional Demand

The global navigational satellite system (GNSS) chip market is likely to experience intense competition among the key players in the market, stats Transparency Market Research. Leading players in the market are focusing introducing new products to offer advanced products to their customers. They are also coming up with unique and clear value proposition to strengthen their position in the market. Some of the prominent player in the global GNSS chip market are Mediatek Inc., Quectel Wireless Solutions Co., Ltd.,  Qualcomm Incorporated, Intel Corporation, Skyworks Solutions Inc., Furuno Electric Co., Ltd., U-Blox Holdings AG, and Navika Electronics.

According to TMR, the global navigational satellite system (GNSS) chip market is projected to rise at heathy 7.7% CAGR during the forecast period between 2017 and 2025. The GNSS chip market was worth US$17.9 bn in 2016 and is estimated to reach US$34.71 bn by 2025.

Among different types of device in which GNSS chip is used, smartphone is expected to gain a largest share in the global GNSS chip market. Rising use of smartphones for different purposes such as tracking people, searching a place, and for navigational purpose. Based on region, North America is leading the global GNSS chip market in term of volume and value. North America is projected to rise at 6.4% CAGR between 2017 and 2025. On the other hand, Asia Pacific is expected to grow at a healthy growth rate in the near future.

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Increasing use of various electronic gadgets integrated with location tracking and geo-tracking devices has fueled the demand for GNSS chips. Rising application of GNSS chips in various industries such as transportation, automotive, military and defense, and consumer electronics has also boosted the demand in this market. The railway sector has also shown deep interest in integrating GNSS chips with the main objective to improve driver’s advisory systems. In addition, introduction of GNSS chips in railways has also helped in tracing the real-time location of the trains, proper management of optimize traffic maintenance and fleet. Thus, bourgeoning railway industry in several emerging economies are likely to boost the demand in the global GNSS chip market.

Furthermore, in the recent developments of several technologies such as Big Data, Augmented Reality, Multimodal Logistics, and IoT, GNSS is also considered as an important technology. GNSS enables several services encapsulate macro trends, creating a window of opportunity for hybrid and crosscutting applications. Moreover, technological advancements such as the IoT or Smart Cities has increased relations between established GNSS market segments that have further augmented market’s growth.

High Initial Investments to Restrict Customers form Adopting GNSS Chip May Hamper Market Growth

Despite increasing application of GNSS chip across various industries, there are certain restraints that are likely to impede the market’s growth. One such factor is high initial investments that might restrain customers form adopting GNSS chip. Employment of GNSS systems in agriculture sector is seen in monitoring automatic steering-wheel movement, tractor guidance, and in tracking similar other activities. However, farmers need to bear the high initial cost of equipment and devices used for precision farming.

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The information presented in this review is based on a TMR report, titled “GNSS Chip Market (Devices Type – Smart Phones, In-Vehicle Networking Systems, and Personal Navigational Devices; End-use Industry – Consumer Electronics, Agriculture, Automotive, Defense, and Marine Industry) – Global Industry Analysis, Trend, Size, Share, and Forecast 2017 – 2025.”

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Hospital Lights Market to Witness Astonishing Growth by 2022

The analysts of a recent business and commerce report, under the guided resources of Transparency Market Research (TMR), have detected an intensely competitive vendors landscape in the global hospital lights market, which is essentially a reflection of the presence of a large number of players. The fragmented scenario has been caused by domestic and regional players who cater to localized demands on the back of their distribution network and even though their products are not of optimum quality, they serve the purpose moderately and help the local vendors eat into the shares of the global players. That being said, a few players do hold a position of strength in the global hospital lights market, such as General Electric Co., Koninklijke Philips N.V., Cree, Inc., Acuity Brands, Inc., Eaton Corp. Plc, Drägerwerk AG & Co. KGaA, Herbert Waldmann GmbH & Co. Kg, Hubbell, Inc., Hill-Rom Holdings, Inc., KLS Martin GmbH + Co. KG, Trilux GmbH & Co. Kg, and Zumtobel Group AG.

If the estimations of the TMR report is to be believed, the demand in the global hospital lights market will be multiplying at a notable CAGR of 6.1% during the forecast period of 2017 to 2022, by the end of which it is projected to reach a valuation of US$10.0 bn, considerably up from its evaluated worth of US$7.4 bn in 2017.

The analysts of the report expects the global players to expand their geographical presence and strengthen their supply chain by acquiring some of the localized players to gain shares over their competitors. In addition to that, the development of products that are energy efficient and affordable is also expected to be a strategy of the major players to get ahead of the curve in the global hospital lights market. This factor is expected to be more evident in emerging economies rather than developed nations.

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Based on product, the TMR report segments the hospital lights market into troffers, surgical lamps, and surface-mounted lights, with the former producing the maximum share of demand in 2017 and projected to experience an incrementing demand at most prominent CAGR of 5.4% during the said forecast period. Technique-wise, the market has been bifurcated into LED, fluorescent, and halogen, whereas on the basis of point of use, the market has been classified into operating rooms, patient wards and ICUs, and examination rooms.

Geographically, the analysts have highlighted the region of North America as most profitable, estimating that it provided for a demand worth of US$2.8 bn in 2017. However, the region of Asia Pacific except Japan (APEJ) has been projected to increment the demand at an above-average CAGR of 6.2% during the forecast period of 2017 to 2022.

Government Push to Improve Healthcare Infrastructure Driving Demand

Improving healthcare infrastructure across several emerging economies is the primary driver of the global hospital lights market. Government in countries such as China, India, Japan, Brazil, and Russia have pledged to provide enhanced care to their citizens and are offering subsidies to lure investments into their medical facilities and number of hospitals is mushrooming. These modern hospitals not only are equipped with essential lighting measures for operations round the clock, they are also focused on utilizing the energy efficiently, and hence are resorting to advance lighting devices. Increasing adoption of LED-based lighting fixtures is another glaring factor augmenting the demand in the global hospital lights market.

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LED-based lighting fixture last much longer than conventional alternatives and offer enhanced performance. While the cost of the devices is obstructing the market from attaining its true potential, the vendors of this market are expected to have new opportunities if they progress their business into vastly populated emerging economies of China and India.

The information presented in this review is based on a Transparency Market Research report, titled, “Hospital Lights Market (Product – Troffers, Surface-mounted Lights, and Surgical Lamps; Technique – Fluorescent, LED, and Halogen; Point of Use – Patient Wards and ICUs, Operating Rooms, and Examination Rooms) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”

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Automotive Electronics Market to Make Great Effect In Near Future by Key Players

Competition in the global automotive electronics market is likely to increase, as the leading players are using different strategies to strengthen their position in the market. Growing entry of new players in this market is also expected to further increase competition in this market. The report published by Transparency Market Research elucidated about these strategies used by key players. Companies are focusing on research and development activities to develop new products to provide advanced services to their customers. Mergers and acquisitions and expansion are other strategies widely adopted by the players operating in the global automotive electronics market. Some of the prominent players analyzed in the report are Maxim Integrated Products Inc., ST Microelectronics N.V., ON Semiconductor Corp., and Robert Bosch GmbH, Infineon Technologies AG.

According to the TMR’s report, the global automotive electronics market is expected to rise at a steady CAGR of 7.40% over the projected period between 2017 and 2022. In terms of revenue, the market valuation is estimated to reach US$5.04 bn by the end of forecast period. In 2017, the global automotive electronics market earned US$3.53 bn.

In terms of sales channel, the OEM (original equipment manufacturer) segment is likely to hold maximum share in the coming years as compared to its counterpart i.e. aftermarket segment. The OEM segment is rising due to increasing consumer preference to buy electronic components directly from manufacturers, as these components play a vital role in vehicle performance.

On the regional front, Europe is estimated to dominate the global automotive electronics market during the forecast period. The automotive electronics market in Europe could rise at 6.5% CAGR due to increasing demand for advanced automotive vehicles. Whereas, developed regions in Asia Pacific are expected to hold substantial share in this market in the near future.

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Demand for advanced automotive vehicles has increased in both developed and developing economies. This growth has further augmented demand for advanced safety-systems such as lane departure warning (LDW), airbags, and automatic emergency braking (AEB). Moreover, the demand for advanced features likes alcohol ignition interlocks, accident data recorder systems, and emergency call systems have grown rapidly.

Adding further to the growth drivers, growing application of automotive electronics in safety systems, body electronics, powertrain, and advanced driver assistance are further fueling growth in this market. Furthermore, manufacturers working on the global automotive electronics market focusing on advanced technologies and innovation, which is projected to diversify the global automotive electronics market in the coming years.

Restrict Regulations to Challenging Growth in Global Automotive Electronics Market

On the contrary, protection of complex electronic systems and reducing damage caused by electrical hazards is the key challenges faced in the global automotive electronics market. Additionally, strong government regulations related to vehicle safety might also hinder growth in this market. However, growing environmental sustainability with high demand for innovative infotainment systems are likely to fuel demand for complex electronics systems thus, expanding the global automotive electronics market. Introduction of advanced technology in-vehicle safety could help in overcoming these challenges.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Automotive Electronics Market (Vehicle Type – Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles; Sales Channel – OEM and Aftermarket; Application – Advanced Driver Assistance Systems, Body Electronics, Entertainment, Powertrain, and Safety Systems ) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”.

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