Smart Thermostat Market Summary, Introduction, Sizing, Analysis and Forecast To 2026

The competitive landscape of the global smart thermostat market is consolidated and competitive with a limited number of companies operating in the market. Key players in the smart thermostat market are focusing on advanced technology to concretize their market position, says Transparency Market Research. Increasing demand for smart thermostat applications in commercial and residential sectors is expected to encourage investors to invest in smart thermostat technology.

Apart from this, companies are focusing to expand their business forming strategic partnerships, mergers, acquisitions, and collaborations to gain a competitive edge in the market.

Some of the prominent players operating in the smart thermostat market are Honeywell International Inc., Schneider Electric, Tado GmbH, Control4 Corporation, and Ecobee, Inc.

According to a new report by TMR, the smart thermostat market is expected to reach US$8,729.2 mn by 2026. The market is anticipated to grow at an astonishing 23.7% CAGR from 2018 to 2026.

On the basis of demand, Asia Pacific is projected to lead the global market during the forecast period. This is mainly because of the rising demand from countries such as China, India, Japan, and South Korea. Based on application, the residential segment is expected to account for a major market share in the forecast period. The segment anticipated to expand at a CAGR of 24.1% during the forecast period.

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Need to Optimize Electricity Consumption to Augment Growth

The global smart thermostat market is likely to witness considerable growth in the upcoming years. This is mainly because of the rising demand for smart thermostat in residential and commercial sectors.  Smart thermostat automatically achieves the required temperature changes for users, thus helps save energy. Prevailing energy crisis and growing need to optimize electricity consumption are the two key driving factors in the global smart thermostat market.

Along with this, supportive government initiatives to adopt energy saving equipment and growing awareness regarding the benefits offered by thermostat are anticipated to fuel the global thermostat market in coming years.

Furthermore, growing inclination of consumers towards connected devices and building automation solutions owing to growth of digitization could foster growth in the global smart thermostat market. Moreover, rising disposable income and technological advancements in the market are strong factors that will stimulate the smart thermostat market.

Rising Price based Competitions could Hinder Growth of the Market

Despite several growth opportunities, rising price-based competition and low awareness regarding product can hamper growth in the smart thermostat market. Other than this, stringent government regulations regarding quality of smart thermostats is likely to obstruct the smart thermostat market in the forthcoming years.

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However, continuous efforts by manufacturers to develop cost-effective and technologically advanced products are likely to offer lucrative opportunities in the smart thermostat market. For instance, Ecobee, a Canadian home automation company, developed a smart thermostat integrated with offers built-in Alexa voice service called ecobee4. This device offers features like auto adjust room temperature.  The device can save up to 23% of electricity used in the house and is easy to install and simple to us. The growing adoption of novel thermostat devices among the consumers with advanced features and compatibility among consumers is projected to bolster growth of the global smart thermostat market in coming years.

The review is taken from report titled, “Smart Thermostat Market (Component – Display, Temperature Sensor, Humidity Sensor, Motion Sensor; Connectivity – Wired and Wireless (Wi-Fi, Bluetooth, and Others); Application – Residential, Commercial (Education and Research, Retail, Hospital), Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026.”

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Huge Growth for Night Vision Device Market by 2020-2026

According to a new market research report published by Transparency Market Research, the night vision device market is expected to reach US$ 14,861.2 Mn by 2026, expanding at a CAGR of 8.9% from 2018 to 2026. According to the report, the global night vision device 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, North America is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 9.3% from 2018 to 2026. China, India, Japan, and South Korea are expected to be major contributors to the night vision device market in Asia Pacific during the forecast period.

Rising Adoption and Upgrade of Different NVDs for Military and Defense Applications

In different countries across the world, government organizations are upgrading their existing weapons and devices in order to enhance navigation and targeting and surveillance capabilities of the military. Increasing terror threats in different countries is expected to be a major factor boosting the global night vision device market during the forecast period. Increasing demand for automotive night vision devices for use in high-end commercial cars is fueling the market for night vision devices. It is also expected to create better opportunities for manufacturers of night vision devices in the next few years.

Moreover, the night vision technology have become an important topic for scientists to conduct research on. Furthermore, rising need of the modern armies to operate at night and during conditions with poor visibility has led to significant advancements in the technology of night vision devices. With the increased spending by governments on NVDs to fulfill the demand for combat operations and night patrolling, the global night vision device market is expected to witness significant growth during the forecast period. This is expected to propel the demand for night vision devices in the next few years.

Global Night Vision Device Market: Scope of Report

The global night vision device market has been broadly segmented in terms of type, technology, application, and geography. Based on type, the market has been segregated into vehicle use and personal use. The personal use segment has been sub-segmented into scopes, googles (bi-ocular & monocular), cameras, and others. Among types, the personal use segment accounted for a major share of more than 80.0%, in terms of revenue and volume, in 2017.

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In terms of revenue, the personal use segment is anticipated to expand at a CAGR of 9.6% during the forecast period. In order to fulfill the global demand, various manufacturers of night vision devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of night vision devices. Developing infrastructure, economic growth, large population, and increasing urbanization are expected to drive the night vision device market during the forecast period. Military & defense is a leading sector driving advancements in the night vision technology. On the other hand, as applications in commercial markets continue to advance, the demand is estimated to increase further in the near future.

Based on technology, the night vision device market has been divided into image intensifiers, thermal imaging, and others. The image intensifiers segment held the maximum market share in 2017, in terms of both revenue and volume. Additionally, it is a highly attractive segment of the global night vision device market. It is expected to register the maximum growth rate of 9.4% during the forecast period. Growing concerns about the national security, lower prices of devices than thermal imaging devices, and rising adoption of night vision devices from the military & defense sector are fueling the night vision device market.

In terms of application, the night vision device market has been classified into military & defense, law enforcement, hunting, wildlife observation, surveillance & security, navigation, and others. Military & defense is a highly attractive application segment of the global night vision device market. In terms of revenue, the segment is expected to expand at a CAGR of 9.4% during the forecast period. The increasing need of the modern armies to operate at night and during conditions with poor visibility has led to significant advancements in the technology of night vision devices. With the increased spending by governments on NVDs to meet the demand for combat operations and night patrolling, the global night vision device market is expected to witness significant growth during the forecast period.

As per TMR analysis, in 2017, North America accounted for the maximum i.e. more than 35% share of the global market, in terms of both revenue and volume. The Asia Pacific night vision device market is primarily driven by increased investments in modernization of military infrastructure and risen urban population in the region, especially in developing economies such as China and India. The night vision device market is expected to witness further innovations and developments in the near future, as several leading manufacturers are investing in research and development activities.

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Global Night Vision Device Market: Competition Scenario

The research study includes profiles of leading companies operating in the global night vision device 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 night vision device market are Armasight, ATN Corporation, BAE Systems, FLIR Systems, Inc., Harris Corporation, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales Group. Various business strategies are being adopted by market leaders. Companies are focusing on expanding their business by entering into strategic partnerships and offering innovative solutions.

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Rapid Growth for Unmanned Marine Vehicle Market by 2020-2026

According to a new research report on the unmanned marine vehicle market, published by Transparency Market Research the global unmanned marine vehicle market is expected to reach value of US$ 1270.89 Mn by 2026, expanding at a CAGR of 5.2% from 2018 to 2026. According to the report, the market is likely to continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period. In terms of demand, Europe is anticipated to be the leading market for unmanned marine vehicles, expanding at a CAGR of 5.6% between 2018 and 2026. This is primarily due to increasing demand for maritime security in coastal areas in Europe.

Rising Security-related Threats in Maritime and Coastal Areas Driving the Global Unmanned Marine Vehicle Market

The global unmanned marine vehicle market has witnessed strong growth over the last decade. The primary factor driving the market is rising threats in coastal areas across the globe. The defense sector is facing maritime security-related threats including anti-ship and anti-submarine missiles, seabed mines, and submarine warfare. These threats are forcing the defense sector to deploy unmanned marine systems i.e. either underwater or surface vehicles to counter these threats and minimize the human risk.

Unmanned marine vehicles are capable to collect data from the ocean floor while keeping humans out of harm’s way. These vehicles are able to conduct survey of the ocean and perform different tasks such as ship hull inspection, mine hunting, scientific exploration, and data gathering. These features of unmanned marine vehicles are likely to drive the global unmanned marine vehicle market in the next few years. In addition, defense forces of the U.S., the U.K., France, Russia, and China are investing large amounts in research, development and engineering activities to develop unmanned surface vehicles (USVs) and unmanned underwater vehicles (UUVs) with the latest technologies, which is likely to propel the global market during the forecast period.

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Global Unmanned Marine Vehicle Market: Scope of Report

The global unmanned marine vehicle market has been broadly segmented in terms of type, application, and region. Based on type, the market has been categorized into unmanned surface vehicle (USV) and unmanned underwater vehicle (UUV). The unmanned surface vehicle segment dominated the global market, holding 81.15% of the market share, in terms of revenue, in 2017. It is expected to expand at a significant CAGR of 5.3% during the forecast period.

This is primarily attributable to growing utilization of unmanned surface vehicles in off-shore discoveries and surveys. In terms of application, the global unmanned marine vehicle market has been divided into oceanographic survey, hydrographic survey, environmental monitoring, marine security & defense, marine patrolling, offshore mining, and others. The marine security & defense segment dominated the global market, accounting for a leading i.e. 26.31% share of the market in 2017. The segment is expected to expand at a high CAGR of 5.6% from 2018 to 2026, due to rising concerns about maritime security.

Among regions, North America is anticipated to hold the maximum share of the global market, while the market in Europe is likely to expand at the maximum CAGR during the forecast period. In 2017, North America accounted for 31.94% share of the global unmanned marine vehicle market. This is attributable to strong focus on the autonomy and intelligence of USVs and UUVs. Furthermore, the market in Europe is projected to expand at a significant CAGR of 5.6% between 2018 and 2026. This is primarily due to increasing demand from survey and scientific research industries in countries in Europe.

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Global Unmanned Marine Vehicle Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global unmanned marine vehicle market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the prominent players operating in the global unmanned marine vehicle market are BaltRobotics, Boeing, Deep Ocean Engineering, ECA GROUP, EvoLogics GmbH, General Dynamics Mission Systems, Inc., L3 ASV, Oceanalpha Co., Ltd., Subsea Tech, and Teledyne Marine. Companies are focusing on expanding their business through strategic acquisitions and partnerships.

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Light Sensor Market Showing Impressive Growth with COVID-19 Impact Analysis, Forecast To 2027

According to a new market research report pertaining to the light sensor market, published by Transparency Market Research the global light sensor market is expected to reach value of US$ 2,435.9 Mn by 2027, expanding at a CAGR of 8.2% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors.

In terms of demand, Asia Pacific would continue to lead the global market, with the market in the region expanding at a CAGR of 9.4% from 2019 to 2027. China, India, Japan, and South Korea are anticipated to be major contributors to the light sensor market in Asia Pacific during the forecast period.

Rising adoption of smart home technology driving the global light sensor market

Light sensors convert light input into the corresponding electric output. Light sensors are used in different types of end-use applications such as automatic brightness control in electronic devices, automatic street lighting, signal control system, and smart home devices. Use of light sensors helps in minimizing the power consumption of devices. The light sensors market is recently gaining traction, due to increasing demand for consumer electronics products such as mobile phones, tablets, smart watches, and televisions worldwide.

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Moreover, smart home devices are increasingly adopting light sensors. This is likely to fuel the global light sensor market in the next few years. Across the globe, light sensor manufacturers are increasing their investments in the light sensor market in order to meet the increasing demand from various industry verticals such as consumer electronics, smart homes, automotive, health care, agriculture, and transportation.

Global Light Sensor Market: Scope of Report

The global light sensor market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the global light sensor market has been segmented into photo conductive cells, photo voltaic cells, and photo junction diodes. In terms of revenue, the photo conductive cells segment accounted for a major market share of more than 40% in 2018. The segment is anticipated to expand at a CAGR of 9.0% during the forecast period.

In order to fulfill the global demand, various manufacturers of light sensors are focusing on research and development activities on a regular basis in order to find advanced applications of light sensors. Light sensors are used in different types of power- and energy-saving applications as well as energy conservation solutions. Increasing population and rising demand for smart electronics devices are expected to propel the demand for light sensors during the forecast period. Light sensors are cost effective and easy to operate. They have low maintenance costs.

Based on application, the light sensor market has been segregated into placement detection, brightness control, security, planning & agriculture, and others. In terms of revenue, the brightness control segment held the maximum market share in 2017. In addition to this, in terms of both value and volume, the brightness control segment is expected to expand at the maximum CAGR during the forecast period. Based on end-use industry, the light sensor market has been classified into consumer electronics, automotive, aerospace & defense, energy & power, healthcare, transportation, and others. In terms of revenue, the consumer electronics segment accounted for a major market share of more than 30.0% in 2018 and it is anticipated to expand at a CAGR of 8.9% during the forecast period.

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As per TMR analysis, Asia Pacific accounted for a leading i.e. more than 35% share of the global light sensor market, in terms of both revenue and volume, in 2018. The Asia Pacific light sensor market is primarily driven by increased investments in modernizing of the infrastructure and risen urban population, especially in developing economies such as China and India. The global light sensor market is expected to witness further modifications, innovations, and advancements in light sensors in the near future, as several leading manufacturing companies are investing in research and development activities.

Global Light Sensor Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global light sensor 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 light sensors market are Vishay Intertechnology Inc., STMicroelectronics, Texas Instruments, AMS AG, On Semiconductor, Broadcom, Maxim Integrated, Everlight Electronics Co., Ltd., Osram Opto Semiconductors GmbH, Sharp Corporation, and ROHM Semiconductor. Various business strategies are being adopted by market leaders. Companies are focusing on expanding their business by developing strategic partnerships and offering innovative solutions.

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Wiring Duct Market: Key Players, Growth, Analysis, 2020–2027

It is expected to witness expansion at a CAGR of 4.6% during the years 2019 and 2027. The market will be effected by a range of macroeconomic factors throughout the forecast period. As per recent report by Transparency Market Research, the global wiring duct market is expected to reach the value of US$524.3 Mn by the year 2027.

With the advancement of technologies, the applications of industrial automation is expanding rapidly. This is resulting in emergence of sophisticated but complicated technologies. This contributes to the increase in complexity during the interconnection of system components between sensors and top-level controllers. Hence, in order to combat the complexity, wire ducts are used to properly route as well as conceal cables and wire bundles in the control panel. Consequently, this will augment the size of the wiring duct market globally during the forecast period.

At the same time, proper disposal of ducts and recycling is a major challenge interfering with the expansion of the wiring duct market. Polyvinyl chloride cable is the commonly used duct material. It is also used for jacketing or insulating metal wires. The chemical is neither bio-degradable nor eco-friendly. Also, burning of PVC releases dioxins, which is highly toxic. The toxic byproduct enters into human food chain by contaminating water and land.

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Wide Range of Industrial Application Bolster Revenue Generation

On the basis of application, the commercial segment is expected to majorly contribute in the expansion of global wiring duct market in the given forecast period. There is a high demand for cabling and wiring ducts in the telecom industry, network cabling systems, retail complexes, and hospitals for organization of bundles of cables and separate them in an electric enclosure. At present, numbers of telecom industry, IT hubs, and data centers are increasing in huge numbers. This, in result, is expected to augment the production of wiring ducts in the course of the forecast period.

Moreover, industrial application of the wiring duct has come as another driving factor in the wiring duct market. Demand of wiring ducts in oil and gas industries, grain elevators, and chemical plants is expected to boost the global duct market in the course of the forecast period.

Modernization of Industrial Processes in Emerging Economics Expands Growth Avenue

On geographical segment, the wiring market is witnessing diverse phases. The opportunities in the wiring duct market are saturated in North America and Europe due to presence of both industrial and commercial sectors on large scale. On the other side, Asia Pacific, Middle East and Asia are expected to witness surge in the demand for wiring ducts. Modernization and upgrade in the industrial processes are the main reasons behind the demands.

The companies are focusing on the expansion of the business through strategic acquisitions and partnership with various end-users. Some of the key players in the wiring duct market are Hua Wei Industrial Co., Hager Group, Phoenix Contact GmbH & Co. KG, ABB Ltd, Hammond Manufacturing and OMEGA Engineering.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Wiring Duct Market (Product Type – Slotted Wire Duct (Wide-slotted Wire Duct, Narrow – slotted Wire Duct, Round hole Wire Duct), Solid wall Wire Duct, Flexible Wire Duct; Application – Commercial, Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027”.

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Non-Lethal Weapons Market Developments, Business Opportunities & Future Investments to 2026

According to a new market report on non-lethal weapons, published by Transparency Market Research, the global non-lethal weapons market is expected to reach US$ 6,591.8 Mn by 2026, expanding at a CAGR of 6.3% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 7.2% through 2026.

Surging demand for less lethal and self-defense weapons by civilians driving the global non-lethal weapons market

Stringent government regulations and measures are being adopted to provide better security measures to civilians worldwide. In addition, globally, non-lethal weapons manufacturers are constantly developing and launching innovative products, compliant with international and regional laws, in order to provide citizens with self-defense alternatives. The use of lethal force against assailants is discouraged by law, which in turn is opening up new opportunities for use of less lethal weapons.

Non-Lethal Weapons Market: Scope of the Report

The global non-lethal weapons market is broadly segmented by product, technology, application, and region. By product, the market can be segmented into direct energy weapons, conducted energy weapons, gases and sprays, water weapons, and others. The direct energy weapons segment is anticipated to be the highest revenue contributing segment in 2018 with 25.4% of total market revenue and is expected to rise at a significant CAGR of 5.9% over the forecast period.

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This is mainly due to technological advancements in this sector. In terms of technology, the market has been divided into mechanical and kinetic non-lethal weapons, chemical non-lethal weapons, acoustic non-lethal, electromagnetic non-lethal weapons, and other technologies. Acoustic non-lethal weapons segment is expected to grow tremendously at a CAGR of 8.1% due to inclination toward crowd repellent weapons. Based on application, the global non-lethal weapons market has been segmented into military,law enforcement agencies, and civilian. The market share of military is estimated to increase at a healthy CAGR of 6.6%, reaching market value of US$ 3,242.3 Mn by 2026.

Presence of numerous market players and significant number of small and medium sized industries in the global market is a primary factor for the adoption of non-lethal weapons. In 2017, North America accounted for the largest market share as the U.S. is observed to be the largest developer, operator, and exporter of non-lethal weapons. However, Asia Pacific is predicted to be the fastest growing region by reaching US$ 1,582.5 Mn at a CAGR of 7.2% during the forecast period. This is mainly due to focus on development of non-lethal weapons for military and law enforcement applications in order to control attacks and riots in India, China, and other APAC countries.

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Global Non-Lethal Weapons Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global non-lethal weapons market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the prominent players in the non-lethal weapons market include BAE Systems Plc., Combined Systems, Inc., General Dynamics Corporation, Lamperd Less Lethal, Inc., LRAD Corporation., PepperBall Technologies, Inc., Safariland, LLC, Stringer Solutions, TASER International, Inc., The Boeing Company, The Raytheon Company, and Yellow Jacket Case. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

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Taps and Dies Market Developments, Business Opportunities & Future Investments to 2026

The global taps and dies market has been meticulously analyzed by Transparency Market Research (TMR). The research report includes a complete market intelligence package on taps and dies that covers analysis on major players competing in the global market of taps and dies. The competitive section in the research report covers analysis of the key players that encompasses aspects such as financial outlook, product overview, developments, innovations, key personnel, strategies and geographical spread.

The key players are continuously striving to enhance their hold in the market and expand their global footprint with use of different strategies and tactics. Key players such as Kyocera, Atrax, M.A. Ford, Accupro, Michigan Drill, OSG, Chicago Latrobe, Guhring, Titex Tools, Triump Twist Drill, Cleveland and Kennametal have been profiled in this extensive analytical research report.

According to TMR’s analytical research report on taps and dies, their global market is projected to expand at a value CAGR of 3.8% throughout the period of assessment to touch a significant market valuation of around US$ 2300 Mn by the end of the year of assessment.

Key Segmental Insights on Global Taps and Dies Market During 2017-2026

The global market for taps and dies has been segmented into product type, application, sales channel and region.

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With respect to product type, the global market for taps and dies is further segmented into carbon steel, alloy steel, high speed steel and tin coated. The use of tin coated and high speed steel is expected to showcase higher market share, with high speed steel being at the vanguard of dominance.

The high speed steel and tin coated product type segments both are projected to grow at a similar rates during the forecast period, which implies that their adoption rate across the globe is similar across various applications. Alloy steel segment is the third largest with a significant valuation and is expected to grow at a value CAGR of 3.0% throughout the period of forecast, 2017-2026. Carbon steel segment, on the other hand, is the smallest with a low market share and also expected to reflect slow growth rate during the said period.

By application, the global market is categorized into industrial and household and DIY segments. The application of taps and dies across these sectors various from region to region. However, to generalize the use of taps and dies across the globe, the industrial sector is expected to showcase higher demand for taps and dies as compared to the household and DIY segment.

Industrial segment is expected to reflect dominance with a higher market attractiveness and market share in the coming years. This segment is estimated to reach a valuation higher than US$ 1 Bn by the end of the year of assessment (2026). Also, this application segment is expected to rise at a comparatively high value CAGR than the household and DIY segment during the forecast period.

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In the region category, Asia Pacific excluding Japan (APEJ) is expected to reflect increased adoption of taps and dies across various applications. Moreover, taps and dies market in APEJ is projected to grow at a high value CAGR of 5.3% during the period of assessment. Europe region is expected to lead the global market in terms of higher market value during the forecast period.

By sales channel, the global taps and dies are expected to witness increased sales via retail and online channels. The retail distribution channel segment is the largest, whereas online segment is expected to gain high steam during the forecast period and is expected to rise at a high value CAGR during the 2017-2026 timeline.

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