Monday, 18 February 2019

Solid State Drive Market – Primary Storage Provided By Solid State Drives In Handheld Portable Devices to Boost Market Growth

The increasing competition in the global solid state drive market is expected to create a consolidated market structure, as observed by Transparency Market Research. In 2014, Micron Technology, Intel Corporation, and Samsung Electronics Co., Ltd held 51% of share in the global solid state drive market. In addition, the key manufacturers are investing in research and development activities that could drive the demand in this market. To improve the geographical reach companies are investing in merger and acquisitions and targeting key segments that could help in providing strategic solution to clients and enterprises. Tapping new market to strengthen their geographical reach is also a business strategy used by these companies.

According to the statistics provided by Transparency Market Research, the global solid state drive market is projected to rise at 40.7% CAGR during the forecast period from 2015 to 2022. Rising at this rate the market is expected to touch US$29.4 bn by the end of 2022 progressing from US$ 15.4 bn as estimated in 2014.

Based on end user, in 2014, the client SSD segment led the global solid state drive market. As client SSDs are used in consumer tablets, notebooks, and desktops PC, they provide high performance, longer battery, and are light in weight their demand in increasing at a rapid pace. Based on geography, Asia Pacific is considered one of the key region due to the presence of leading players in the region. moreover, growing demand for mobile devices and laptops especially in countries like China, Japan, and South Korea has led to rise of this region.

Growing Use of Solid State Drive in Mobile Phones to Drive Market Growth 

As solid state drive are widely used in mobile phones, thus, with bolstering demand in the mobile phone industry is likely to boost the demand for solid state drive. To reduce the application launch time and enhance the performance of mobile phones solid state drives are used. Leading mobile companies such as Apple has incorporated SSDs in mobile devices, which has further augmented the demand in this market.


Moreover, hand-held devices such as ultraportable computers and notebooks where SSDs plays a crucial role in primary storage has increased large growth opportunity for the solid state drive market. High performing features such as garbage correction, error correction, and encryption and less power consumption are some of the other noticeable factors driving the solid state drive market.

High Cost to Restrain Demand for Solid State Drive  

On the other hand, few challenges are hampering the growth in the solid state drive market. High cost of solid state drive is one of the key challenge hampering the growth of this market. High cost of raw materials, expensive manufacturing process, and relatively low market is impacting negatively on the market growth. In addition to that, inconsistency in low rate latency have also added in increasing the restraints faced in this market.  However, high cost is expected only for short duration as with time solid state devices will eventually beat HDD prices in the forthcoming years. This may limit the possibility of adoption of lucrative opportunity in the low-cost mobile sector. On the other hand, technological advancements are likely to benefit the market’s growth and increase the capability of solid state drive overpowering the services offered by HDD.

Hybrid Device Market – Growing Awareness among the Companies Boosts the Market Demand

Since past few years, there has been a significant inclination towards different work habits, such as employees working out of the office premises, increased usage of mobile devices such as laptops and tabs with cloud-based data storage facilities to accomplish business tasks. This increased in the enterprise mobility is boosting the demand for hybrid device market worldwide, states Transparency Market Research (TMR) in its recent research report.

As reported by a TMR analyst the global hybrid device market is anticipated to experience a robust growth with a CAGR of 20.80% from the duration 2015 to 2022. The market was evaluated to be worth US$ 5.1 bn in 2014, which is likely to reach around US$ 31.8 bn by the end of 2022. Based on end-users, the personal use segment was anticipated to rule the demand for hybrid device with an evaluation of revenue, worth US$ 1.6 bn in year 2014.

This segment is expected to continue dominating the market demand. In telecom and IT sector, the demand is foreseen to be boosted with a whooping CAGR of 25.6% from year 2015 to 2022. As per the geographical segments, Asia Pacific is the leading segment among the rest of them. This region is anticipated to foresee the solid growth in coming years because of the economic development in countries such as India, China, Japan, South Korea, and Australia. The revenue of the region is likely to be evaluated around US$ 10.4 bn by the end of 2022.

Some of the key players in the market are ASUSTeK, Lenovo, and Hewlett-Packard. Samsung Corp., Microsoft Corp., Acer Inc., Dell Inc., Fujitsu Ltd., Toshiba Corp., and LG Corp. are some of other significant firms flourishing in hybrid devices market across the world. ASUS has recently launched its ZenBook Flip S, a hybrid device with a 360-degrees flip display, with Windows 10 operating system. Another leading company, Dell has also introduced some latest addition in its gaming system – two new members in Alienware gaming monitors, and one in Inspiron models as well that allows several storage devices to be configured. The firms are constantly revamping and innovating latest products in order to maintain their position in the market and flourish more.


With the fast-moving lifestyle, there has been a surge in demand for gadgets with increased battery life. This has been one of the major contributing factor for the growth in hybrid devices in the global market. These devices have several advantages to it such as safe and beneficial storage of information, navigation with the help of touchscreen and stylus, and many others. There has also been a rise awareness among the firms about these devices that fuels its market demand. The significant growth in hybrid devices and enterprise mobility are anticipated to stir up the demand for global hybrid devices market.

Commercial Refrigeration Equipment Market: Trade Liberalization Helps Transportation Refrigeration Equipment to Lead Market

The global commercial refrigeration equipment market has a highly competitive vendor landscape, exhibiting the presence of numerous players, states Transparency Market Research (TMR). Companies in this market are involving into mergers and acquisitions that have given them a strategic advantage to strengthen their position in the market. Some of the key players in the commercial refrigeration equipment market are Whirlpool Corporation, Ltd., Haier, Inc. (Haier Group), Beverage-Air Corporation (Ali S.p.A), United Technologies Corporation – Unit (Carrier), Ingersoll Rand Plc, Dover Corporation, Hussmann Corporation, Metalfrio Solutions SA, Daikin Industries, and Illinois Tool Works Inc. Many companies are putting efforts in expanding their product portfolio, adopting newer strategies for product differentiation, and increasing supply of equipment for the end-use industries will expand the market.

According to TMR, the global market for commercial refrigeration equipment, which was US$ 39.44 bn in 2016, is expected to reach US$ 66.88 bn by the end of 2022. The market is also estimated to rise at a CAGR of 9.1% during the forecast period starting from 2015 and ending in 2022. Based on product type, transportation refrigeration equipment segment is expected to lead the market in coming years. Globalization and liberalization of agriculture will give impetus to the segment over the coming years. Geographically, in the global commercial refrigeration equipment market Asia Pacific is holding the leading position as a reason for increasing food industry in the region. Growing disposable income is also contributing in increasing this market in Asia Pacific region.

Increasing Demand for Processed Food to Boost Commercial Refrigeration Equipment Market 

Globally, changing lifestyle has developed the need for ready to eat food products. Moreover, the need for products that have high shelf life and limited time dedicated to household chores have significantly boosted the demand for processed food. Therefore, these factors will increase the demand for commercial refrigeration equipment market. Moreover, increasing demand for eggs, meat, fish, and other animal derived food has certainly expanded the market for commercial refrigeration equipment.


Advancements taking place in refrigeration equipment that are focusing on providing high efficiency with price regulation has gained momentum to expand the commercial refrigeration equipment market. Furthermore, developing horticulture and animal husbandry practices where in a large amount animal meat and products needs to be stored that may boost the market for commercial refrigeration equipment market.

Asia Pacific to Remain Leading Consumer of Ventilation Fans Market

The long-term partnerships between manufacturers and distributors of ventilation fans is the defining characteristic of the competitive landscape of the global ventilation fans market, finds Transparency Market Research (TMR) in a new study. Only a few players, namely, Delta Ventilation Ltd., Panasonic Corp., Nortek Inc., and Airmaster Fan Co. have been able to firmly establish themselves in this highly fragmented market as of 2015.

The presence of a large pool of regional players has intensified the competition in this market. Leading participants are increasingly focusing on strengthening their presence through mergers and acquisitions while small-scale manufacturers of ventilation fans are improving their product portfolios in order to gain a strong foothold.

Going forward, manufacturers will need to focus on geographical expansion by developing their distribution channels. Product innovation will also help these players in gaining a competitive edge, TMR expects.

Infrastructural Developments Boost Demand for Ventilation Fans

The increased construction of residential and commercial spaces, thanks to the growing population as well as rapid urbanization across the world, has boosted the demand for ventilation fans remarkably, states an analyst at TMR.


The economic rise of BRICS nations and the commencement of major infrastructural development projects in the Middle East and North American countries have propelled the construction industry in these regions. Recently, economies such as the UAE, Saudi Arabia, and Qatar have undertaken huge commercial as well as residential construction projects. With the rising construction of commercial structures such as offices and hotels, the demand for ventilation fans is increasing significantly in these regions.

Apart from this, in the coming years, major sports events are scheduled to take place in Brazil (Olympic 2016), Russia (FIFA World Cup 2018), and Qatar (FIFA World Cup 2022). As such large-scale events entail first-rate infrastructure and other auxiliary amenities, these fans are likely to witness substantial demand in the next few years.

Smart Cards Market – Higher Usability of Contactless Smart Card to Enable the Market Flourish

The dominance of four companies can be seen explicitly in the global smart card market. NXP Semiconductors NV, Gemalto NV, Infineon Technologies AG, and Giesecke & Devrient (G&D) GmbH are the leading players, which hold dominant share in the global smart card market. Some of the new entrants such as Watchdata and Eastcompeace Technology Co. Ltd. are making significant efforts to give a tough competition to the existing players in the market. New players are providing solutions based on consumer preference.

The global smart card market stood at US$8.5 bn in 2016. Due to increasing technological changes, the market is expected to reach US$14.1 bn by the end of 2023. Due to consistent growth and increasing use of smart cards, this market is estimated to rise at a CAGR of 7.4% during the forecast tenure between 2016 and 2023.

The significant contribution made by contactless smart cards will help the market to grow at a healthy rate. The contactless smart cards is a segment under the types of smart cards available in the market. On geographical note, Latin America has gained its momentum in the last few years and shows more than 70% of market penetration. Asia Pacific is also considered among the prospective regional destinations for growth in coming years.

High Security Provided by New Smart Cards to Help Market Growth

The use of smart cards is considerably rising across various industries such as BFSI, telecommunication, e-commerce, healthcare, and retail. Among these, the telecommunication sector is likely to exhibit high demand for smart cards. Moreover, the exponential rise of mobile phone subscribers and increasing penetration of mobile phones in emerging economies will further benefit the global smart card market.


There are number of factors significant for the growth of smart cards. One of the major factors is high security provided by the smart cards. The current smart cards have EMV chip on chip that provides an extra level of security and protects information of the user. In addition, increasing use of near field communication (NFC), net banking, internet of things, and e-commerce that have grown the demand for smart cards at a higher rate across the globe. Thus, these factors are expected to fuel the demand for smart cards in coming years.

Commercial Satellite Imaging Market – Defense and Intelligence to Lead in terms of Application in near future

Led by Galileo Group Inc., Planet Labs Inc., Blacksky Global, Telespazio, Exelis Inc., DigitalGlobe Inc., SkyLab Analytics, Trimble Navigation Ltd., and Spaceknow Inc., the global market for commercial satellite imaging demonstrates a highly competitive business landscape, states Transparency Market Research (TMR) in a new research study. These players are likely to remain dominant in this market over the forthcoming years. They are likely to focus more on establishing robust distribution channels across various industries in the near future in order to strengthen their position in the global market, notes the research study.
According to the research report, the overall opportunity in the global commercial satellite imaging market was US$2.5 bn in 2014. Over the period from 2015 to 2023, the market is expected to rise at a CAGR of 11.40% and reach a value of US$6.5 bn by the end of the forecast period. The energy, geospatial technology, natural resources management, construction and development, disaster response management, defense and intelligence, conservation and research, and media and entertainment sectors have surfaced as the key application areas for commercial satellite imaging solutions across the world, states the research report.

North America to Continue to Dominate

Geographically, Asia Pacific North America, the Middle East and Africa, Europe, and Latin America have emerged as the main regional markets for commercial satellite imaging across the world. North America, among these has taken the leading position and is projected to remain on the top in the near future. Asia Pacific is also expected to witness steady growth in its market for commercial satellite imaging over the next few years, states the research study.

Technological Advancements to Boost Market’s Growth

“Of late, the global market for commercial satellite imaging has been observing a tremendous rise,” says a TMR analyst. The emergence of a number of technologies and applications, such as Google Earth, is supporting the growth of this market, tremendously. The continual advancements in technologies is also adding to the rise of this market and is expected to drive the market in the forthcoming years too.


On the flip side, the need for high capital investments in research activities for the advancements of commercial satellite imaging production techniques may act as a restriction to the growth of the global market for commercial satellite imaging in the near future. Nonetheless, the presence of untapped opportunities in emerging economies will normalize the impact of these deterrents in the years to come, states the research report.

Healthcare Industry Continues to Dominate Disposable Gloves Market Demand

The market for disposable gloves in the U.K. is moderately consolidated. Top Glove, Supermax Corporation Berhad, and Semperit AG Holding were the three leading manufacturers of disposable gloves in the U.K in 2014. They had collectively held a share of 36.8% in 2014 in terms of value.
According to Transparency Market Research in their recent publication, with close to half the U.K. disposable gloves market belonging to small local players, the degree of competition is expected to remain low till 2023. The more prominent manufacturers rely on an already developed base of technological innovation and material research. Adding to their older stake in the market and the resultant brand name popularity, these players are expected to hold very strong distribution networks and sales records.

The disposable gloves market in the U.K. is projected at a CAGR of 7.0% in terms of revenue within a forecast period from 2015 to 2023. This revenue is expected to reach US$298.6 mn by the end of 2016 and US$481.5 mn by the end of 2023.

Natural Rubber Latex Disposable Gloves to Remain Leading Product Segment

Natural rubber latex gloves are expected to remain the leading type of disposable gloves being used in the U.K. till 2023, generating a revenue of US$167.0 mn by then. These glove types provide a high level of comfort and dexterity and therefore find massive use in the healthcare industry for various medical applications.

The application of disposable gloves in the medical industry is expected to generate a revenue of US$416.9 mn by 2023, due to the large number of medical functions that mandatorily require the medical personnel to be wearing gloves. Other prominent applications of disposable gloves can be found in the food and beverage industry and the automotive industry.


“A large number of functions in the healthcare industry require the medical personnel to wear disposable gloves. Surgeries, sterilization procedures, and examinations form the bulk of medical responsibilities where disposable gloves are a must. Additionally, with the more recent outbreaks of diseases such as Zika, swine and avian flu, SARS, and Ebola, it has become even more important for medical personnel to wear protective clothes and disposable gloves to prevent the spread of these diseases,” states a TMR analyst.

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