Automotive Lighting Market Strategy, Top Addressable Targets, Key Requirements

The automotive industry is flourishing and along with it, various other supporting industries are growing at a rapid rate. In the past recent years, demand for electronic vehicles has soared across the globe and gave the automotive industry various new avenues to grow and prosper. This growth has further augmented growth in the global automotive lighting industry. Advanced electric vehicles have different type and designs of lighting systems to attract customers and help automotive companies stand out of the league. Moreover, manufacturers focusing on improving visibility in the dark and providing better automotive lighting market functions in bad weather conditions.

 

Information presented in a report published by the Transparency Market Research reveals that the global automotive lighting market is likely to witness incremental opportunity of ~ US$ 18 billion over the period of eight years from 2019 to 2027. This market is also projected to reach ~ US$ 51.8 billion by the end of 2027. With such a high incremental opportunity available in the market, the key players are projected to grow and prosper significantly in the coming years.

The report gives systematic analysis on prominent players operating in the market including Magneti Marelli S.p.A, Hella KGaA Hueck & Co, ICHIKOH INDUSTRIES LTD, General Electric Co., Hyundai Mobis, SAMSUNG ELECTRONICS Co., Ltd, Royal Phillips Electronics, and Zizala Lichtsysteme GmbH. Leading players are engaged in extensive research and adopting advanced technologies to innovate their products. This will also help them in improving their position in the market against their competitors.

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Competition among the players in the global automotive lighting market is projected to increase considerably during this tenure. This is mainly because of the presence of a large number of players that have created a fragmented vendor landscape in the market. However, few players will have a higher position, as they can invest more money in research and development activities and can even manage with fluctuating cost of raw material. One of the recent examples is ZKW who started the production of the laser-beam headlamps first in the world for the BMW i8.

Asia Pacific Considered as a Promising Investment Pocket for Manufacturers in the Automotive Lighting Market

Asia Pacific is considered as a highly crucial region for the growth of the automotive lighting market. Lucrative opportunities available for automotive manufacturers, easy access to raw material, and increasing purchasing power of people are some of the leading factors augmenting growth in Asia Pacific automotive lighting market. Besides, the focus on improving fuel efficiency due to booming technological innovation in the automobile industry, manufacturers are also making persistent efforts in providing enhanced customer experience and high product quality. Moreover, they are also coming up with outstanding product features at a lower price range to meet buyer’s expectations. To work on all these areas, players in the lighting industry are expanding their presence mainly in China and India, as the automotive industry is growing massively in these regions. Low operating costs along with increased disposable income are other reasons for them to focus on these regions.

Thriving Production of Passenger Vehicles Augmenting Growth in Automotive Lighting Market

On the significant rise for passenger vehicles further boosted demand in the automotive lighting market. Globally, the production of passenger vehicles is three-time more than commercial vehicles. According to various studies, 30% of vehicle accidents occur at night, due to which the importance of advanced automotive lighting has increased in passenger vehicles. This factor is also influencing growth in the global automotive lighting market.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Automotive Lighting Market (Vehicle Type - Passenger and Commercial; Application - Front lighting, Rear lighting, Interior Lighting, and Side lighting; Technology - Halogen, Xenon, and LED; Product Scale - OEMs and Aftermarket Product) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027”.

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Smart Home as a Service Market Figures With Forecasts Growth by 2025

The global smart home as a service market is expected to nurture extensively in the years ahead, states Transparency Market Research (TMR) in a research report. The smart home market has seen significant advancement since 2010, when under 0.5% of homes in the Americas area had associated devices, for example, security, lighting, thermostats, and entertainment, according to the gadget catalogue of the IHS Markit smart home learning service.

The vendors are winding under the risk of new entrants. Because of the fast multiplying IoT services and incremental ARPU, the market is attaining important grip from new vendors. Additional than this, substantial enthusiasm for IT infrastructure and CAPEX has elevated fences to the section of novel vendors. The normal years will along these lines make competition severer in the global smart home as a service market.

Rivalry predominant in the global smart home as a service market is significantly great on account of the ascent of amazingly ground-breaking players. The nonappearance of customary availability policy and current interoperability matters have reinforced the confinement among market players. According to the scenario, organizations are attempting to inaugurate their podium as the standard, which in this manner is advancing shock to the consumers bargaining capacity. The ADT Corporation, AT&T Inc., and Vivint, Inc., are a fragment of the key vendors in the market. The strategies accepted by these players have noteworthy influence on the total market.

TMR has projected the global smart home as a service market to go up at a high 18.1% CAGR in the time frame from 2017 to 2025. The market is probably going to reach a valuation of worth US$10.9 bn before the entire of 2025, from US$2.46 bn in 2016. On the basis of service, the global smart home as a service market can be separated into assimilated services and managed services. Amongst these, the integrated services created as a front-runner with an estimated share of 63.6% of each 2017. Region-wise, North America led the market for Smart Home as a Service.

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As the household business is searching for advanced modernizations of warranting advanced security, it is depended upon to fortify open entryways for the market. The present advances have given smart home as a service with supplementary characteristics, for instance, instant updates, live video surveillance, and interference attentive, which were abstracted in its outdated equivalent. This dynamic is forecast to give the market substantial push in the years ahead.

Cost Effectiveness to be Key Capitalizing Point

These provisions have established supreme for vitality management in the household part. Smart homes can allow clients to escalate advantages of entire deal price savings by governing their vitality application. Disregarding the high price of smart home things, the possible price savings they provide is a critical fact powering their demand globally.

Also, the ascent in demand for entertainment items is anticipated to create lucrative market openings. Smart homes allow clients to switch their entertainment gadget and many other family gadgets tenuously. This offers lodging as well as increases the complete entertainment market. Pushed by this, the demand for smart home as a service is likely to increase over the years ahead.

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Expensive Nature of Services to Inhibit Market Growth in Long Run

Notwithstanding, in case of a disadvantage, the expensive nature of smart home things is a main block for the market players. In addition, the cost of improving these improvements is also extraordinary, which is curbing the market's arc especially across developing nations. Moreover, the chances of mistreating the modernization and privacy trepidations are not completely dealt away with it. These stresses make customers dicey over mounting smart home arrangements, in this way adversely having an effect on the overall market.

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Water Purifier Market Demand, Development and Growth Forecast Report 2024

The India water purifier market is fairly consolidated as the landscape is dominated by just two players in 2015, finds Transparency Market Research (TMR). These leading companies--Kent Ro system Ltd. and Eureka Forbes—accounted for a leading share of 65.0% in the India water purifier market. However, the vendor landscape is characterized by high degree of competition in the regional market on account of several small and medium-scale sized companies foraying to tap into unmet needs. Top players focus on offering cost-effective water purifier equipment and are relying on better after-sales services to gain a better foothold in the India water purifier market.

The India water purifier market stood at US$1.1 billion in 2015 and is projected to reach a worth of US$4.1 billion by 2024 end. During the forecast period of 2016–2024, the regional market is expected to clock a robust CAGR of 15.4%.

Among the various technologies used in water purifiers, the reverse osmosis (RO) held a major share of approximately 37.0% in 2015. The growth in the segment is propelled by rising attractiveness of the technology among consumers. Apart from this, UV water purifier technology is also expected to garner substantial steam during the assessment period.

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Among the various end users, water purifiers are expected to witness substantial uptake among commercial and household segments. In particular, household segments are anticipated to rise at a CAGR of 15.5% during 2016–2024. The vast uptake is on account on rising demand for pure drinking water.

Rising Demand for Purified, Potable Water in Commercial and Household Settings drive Growth

The water purifier market is driven by the growing consumer awareness about the presence of various pathogens and impurities in water, especially municipal supply of water in household settings. The rising demand for purified, potable water in commercial institutions has accentuated the demand for water purifiers. The need among worldwide consumers for preventing water-borne diseases, such as typhoid and jaundice, is a notable factor bolstering the uptake of water purifiers. There is a vast unmet need in rural regions.

The India water purifier market is expected to witness large momentum from growing affordability of various water purifier technologies. In households, water purifiers that are cost-effective due to easy maintenance have gathered large steam across households, especially in rural areas.

Innovative Digital Marketing Strategies Has Unleashed New Growth Momentum

The advent of innovative campaigns, including digital marketing strategies, has imparted a large momentum to the expansion of the India water purifier market. Rapidly growing number of retail centers and franchises across the nation is a crucial factor offering robust impetus to the growth of the India water purifier market.

Demand for water purifier technologies also witnessed a big thrust from various government initiatives to ensure clean potable water to its citizens across the nation. Efforts by water purifier equipment manufacturers to fuel awareness about the effectiveness of water purification technology are boosting the market.

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Despite recent awareness campaigns by governments and MNCs in India, there still persists lack of education among consumers about the advantages of water purifiers. Most consumers in rural areas rely on conventional method of boiling for making fit for drinking. Moreover, a large chunk of consumers are unaware about the different external conditions for purification technology.

The need for designing water purifier technology for region-specific water types for the removal of the total dissolved salts (TDS) is an unmet one for equipment manufacturers for consumers across the nation. This might open new windows of opportunity in coming years.

 The study presented here is based on a report by Transparency Market Research (TMR) titled “Water Purifier Market (Technology - Gravity Purifier, Ro Purifier, UV Purifier, Sediment Purifier, and Water Softener; End User - Industrial, Commercial, and Household; Accessories - Faucet Mount, Water Dispenser Pitcher Filter, Shower Filter, and Under Sink Filter) - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024”.

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Disaster Recovery as a Service (DRaaS) Market - Key Players, Growth Drivers and Industry Challenges

The global disaster recovery as a service market has a highly fragmented and an intensely competitive vendor landscape, featuring a number of heavy-weight legacy disaster recovery companies and a vast number of pure-play DRaaS start-up ventures, observes Transparency Market Research in a recent report. Robust growth opportunities in the global DRaaS market have compelled several traditional disaster recovery companies such as HP Company, SunGard Data Systems, and IBM Corp., to venture into the sector of cloud-based disaster recovery services in the past few years.

The market has thus become increasingly intense and companies are focusing on expansion across high-growth potential regional markets such as Asia Pacific to tap their vast pool of growth opportunities. With a number of small ventures grabbing significant chunk of opportunities in such regions, the number of strategic collaborations, mergers, and acquisitions is expected to rise in the near future.

Transparency Market Research projects that in terms of revenue, the global DRaaS market, which valued at US$1.29 bn in 2015, will exhibit an exponential CAGR of 35.7% from 2016 to 2024, rising to an opportunity of US$21.55 bn by 2024. In terms of application, the global DRaaS market witnessed the most promising uptake in the government sector in 2015. The government sector accounted for the dominant 18.3% of the global market’s revenue in the said year. From a geographical standpoint, the DRaaS market in North America is the dominant regional market in terms of revenue, accounting for more than 34.0% in 2015.

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High Flexibility and Cost-effectiveness of DRaaS Solutions to Encourage Uptake

The global DRaaS market is chiefly driven due to the vast cost and flexibility related benefits of cloud-based disaster recovery solutions over traditional disaster recovery solutions. Moreover, other benefits such as faster data recovery, simplicity in testing, and automation work in favor of DRaaS solutions as compared to traditional disaster recovery plans. 

The vast rise in worldwide enterprise spending on the development of internal IT infrastructures across a number of industry verticals is also key to the vast growth opportunities of the global DRaaS market. Furthermore, growth of micro-, small-, and medium-sized enterprises (MSMEs) has increased the popularity of DRaaS as these solutions offer a viable cost-effective solution to achieve effective disaster recovery processes in a number of application sectors.

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Mobile Cobots Market Growth, Trends and Forecast To 2026

According to a new market research report, published by Transparency Market Research, the mobile cobots market is expected to reach US$ 4,472.53 Mn by 2026, expanding at a CAGR of 33.4% from 2018 to 2026. According to the report, the mobile cobots market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 35.9% from 2018 to 2026. South Korea and Japan are expected to be major contributors to the mobile cobots market in Asia Pacific during the forecast period.

Inclination toward Industrial Automation

A mobile cobot (mobile collaborative robot) is an intelligent, transportable robot that can assist humans in a shared workspace. Mobile cobots are moving platforms wherein cobots are mounted on mobile robots. These are automated machines. It is an emerging technology that is capable of moving within a set environment. Apart from the manufacturing industry, mobile cobots are used for research and exploration. Currently, use of mobile robots has extended to the industrial sector. In the recent years, there has been a significant rise in the demand for industrial robots in the automotive sector.

This can be attributed to increasing customer demand for customization in their cars. Unlike industrial robots, collaborative robots are not dedicated to only a single task. Hence, manufacturers are now switching to collaborative robots. Inclination toward industrial automation is acting as a driver of the mobile cobots market. Robots have been utilized in industries for a long time. They have made the human work easier by running large industrial settings. Robots in factories have typically been large, caged devices that perform repetitive, dangerous tasks in place of humans. Moreover, rising labor costs in developing economies, mostly in material handling industries, are driving the demand for cobots. This is primarily due to economic growth of industrialized countries.

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Global Mobile Cobots Market: Scope of Report  

The global mobile cobots market has been broadly segmented in terms of weight capacity, application, end-use industry, and geography. Based on weight capacity, the market has been segregated into 1 to 3 kg, 3 to 5 kg, and 5 to 10 kg. Among these, the 3 to 5 kg segment accounted for a major share of more than 50.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 33.5% during the forecast period. In order to fulfill the global demand, various manufacturers of mobile cobots are currently focusing on research and development activities in order to invent advanced applications of mobile cobots. Cobots are gaining popularity among manufacturing companies and different industries. The primary factor boosting the global mobile cobots market is decline in costs of collaborative robots over the last few years. Upfront costs of cobots are 20% of those of traditional robots with an average payback period as short as six to eight months. Also, installation of cobots requires minimal investments and time.

In terms of application, the mobile cobots market has been classified into shelf units, conveyor belts, automated pallet forks, robotic arms, and safety units. In terms of revenue, the robotic arms segment accounted for a major market share of more than 40% in 2017 and it is anticipated to expand at a CAGR of 33.6% during the forecast period.

As per TMR analysis, in 2017, Asia Pacific accounted for the maximum i.e. more than 30% share of the global market, in terms of both revenue and volume. The Asia Pacific mobile cobots market is primarily driven by increased investments in modernization of infrastructure and continuously rising number of manufacturing facilities in the region, especially in developing economies such as South Korea and India. The mobile cobots market in Asia Pacific is expected to witness further innovations and advancements in the near future, as several leading manufacturers are investing in research and development activities. Furthermore, the rising demand for electronic products and increasing need to automate production in the region are driving factors for the market in Asia Pacific.

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Global Mobile Cobots Market: Competition Scenario

The research study includes profiles of leading companies operating in the global mobile cobots market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global market are ABB Ltd, Aubo Robotics, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KuKa Ag, Precise Automation, Inc., Rethink Robotics, Robert Bosch, TECHMAN Robots, Universal Robots, and Yasakawa Electric Corporation. Various business strategies are being adopted by leading market players. Companies are focusing on expanding their business by forming strategic partnerships and offering innovative solutions.

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Supercapacitor Market - A Latest Research Report to Share Market Insights and Dynamics

The global supercapacitor market was valued at US$ 5,979.67Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 15.24% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Supercapacitor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Go green revolution adopted across the globe is one of the primary factors responsible for the robust growth of the supercapacitor market globally. Moreover, rising cost of fossil fuels and excessive carbon emissions are also expected to pave the way for alternative means of power supply across different application segments especially in automobiles and consumer electronics segments. Initiatives taken by different governments to reduce CO2 emission and to encourage sustainable consumption are predicted to drive the supercapacitor market in the coming years. In addition, inclination of different enterprises toward producing and storing energy from renewable sources owing to extensive depletion of natural resources is also anticipated to trigger the demand for supercapacitors globally.

The global supercapacitor market is segmented on the basis of application, product, type, and geography. By application, the supercapacitor market has been bifurcated into automotive and transportation, industrial, energy, consumer electronics, and others. The others segment includes application of supercapacitors in aerospace, military, and sensor technologies. On the basis of product, the supercapacitor market is segmented into double layer supercapacitor, pseudocapacitor, and hybrid capacitor. Based on type, the market can be classified into supercapacitor module, supercapacitor weldable cells, and board mounted supercapacitor. Geographically, the supercapacitor market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

Consumer electronics industry expected to hold a prominent share during the forecast period

The consumer electronics industry is anticipated to hold the highest share for the year 2018. The significant adoption of double layer supercapacitors in the consumer electronics industry owing to comparatively lower power and energy needs is anticipated to be one of the major factors affecting the consumer electronics industry for the supercapacitor market. Furthermore, prominent adoption of supercapacitors in the consumer electronics industry in Asia Pacific is likely to boost the growth of the consumer electronics industry. Board mounted cells have a higher deployment in consumer electronics. Board mounted supercapacitor segment is set to have the highest share of the market during the forecast period 2018-2026.

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Hybrid capacitors are projected to expand at the highest CAGR during the forecast period

Among the different product categories of supercapacitors, the double layer segment held the largest market share in 2016. Surge in demand for technologically advanced consumer electronics having high power density is expected to drive the market of double layer supercapacitors significantly. However, the hybrid capacitor segment is predicted to witness the fastest growth rate from 2018 to 2026. The adaptability of hybrid capacitors under extreme conditions and significant power and energy controlling capabilities are some of the major factors boosting growth of the segment.

North America holding a prominent market share

By geography, North America held the largest share in the supercapacitor market in 2016. The supercapacitor market in North America is a mature market due to its higher penetration level. Europe occupied the second largest share in the global supercapacitor market. Initiatives taken by the European Commission in 2014 to achieve CO2 emission target of 95g/km by 2020 is responsible for the robust growth of the supercapacitor market in Europe.

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Surface Mount Technology Equipment Market Share, Growth, Trends and Forecast To 2026

As per the recent report by Transparency Market Research, the global surface mount technology equipment market is expected to grow a substantial growth in the forecast period of 2018 to 2026. According to the report the factors that are driving this growth for the market include, growing application of consumer electronics, trend of miniaturization, and evolving manufacturing industry. Due to these factors the global surface mount technology equipment market is expected to witness 4.5% CAGR during the projected time frame. With this projection, the market is projected to register a whopping US$ 8.01 bn revenue by the end of 2026, says the report. 

Growing Use of Flex Circuit Drives the Growth

Consumers demand flexibility these days. They are looking for devices that can come in handy in multiple applications. Hence, the electronic device manufacturers are inclining towards flexible electronics or flex electronics. They are designing flex circuits that can allow the devices to be useful in variety of use-cases to cater to the demand for the flexible device. Based on this growth in the use of flex circuits, the growth of global surface mount technology equipment market. 

For instance, the LCD manufacturers are now using thin metal foils as a substrate to make the circuit flexible instead of glass based substrate. This allows the manufacturers to effectively reduce the cost of production while improving the efficiency of the final product. This also makes the LCDs resistant to frequent voltage fluctuations making them last longer than before. Based on such applications by various electronic gadgets and device manufacturers, the global surface mount technology equipment market is witnessing the projected growth. 

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Emerging Players to Offer Quality Products at Lower Price

Currently the global surface mount technology equipment market is highly competitive and predominantly fragmented. This is because of the presence of several players that dominated the dynamics of global surface mount technology equipment market. These players also control the pricing of surface mount technology equipment, which makes them highly expensive for the end users. 

Taking the price constraint as an opportunity, new players are developing under-budget quality products. This allows the new players to enter and establish themselves in the global surface mount technology equipment market. Also, for establishment and a sustainable future, these players are also focusing on strategies such as mergers and partnerships. These strategies allow the players to gather essential resources that can come in handy to establish their brand in the surface mount technology equipment market. 

On the other hand, the already established players are adopting the strategies of acquisition and research and development. This allow the businesses to enhance their production capacity and distribution network along with bringing new products in the market. Using these strategies, the players can acquire a competitive edge over their rivals and boost their profit quotient in global surface mount technology equipment market. 

For example, in 2016, Juki Corporation, launched an innovative Long Board SMT Placement Machine, known as JX-350. This machine speeds the production of LCDs by autonomously placing the components on their precise place. With this machine the company was able to hold a significant share in the global surface mount technology equipment market in 2016. 

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Asia Pacific to Grab the Top Spot

On geographical front, the surface mount technology equipment market has a global presence. However, Asia Pacific is expected to grow substantially in the forecast period. This rapid growth of the region is attributed to rising demand for consumer electronics in India and China. Moreover, the availability of resources in these countries is easy and cost effective, this further attracts businesses to enter the region and boost the growth of Asia Pacific in the global surface mount technology equipment market during the estimated time frame. 

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