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Showing posts from August, 2017

Collision Avoidance Sensors Market Hits USD 18.97 Billion By 2025: By Grand View Research, Inc.

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The global  collision avoidance sensors market  is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc. The updated ratings of safety agencies and incorporation of anti-collision sensors in mass-market models are expected to propel the market growth over the next six years. The increasing awareness among consumers and extensive R&D by market players have fueled the market growth. Collision avoidance sensors enable vehicles to carry out semi-autonomous and autonomous decision-making. The rising need for security from consumers and governments is also expected to drive the collision avoidance sensors market growth. The recent developments in the sensor technology are oriented toward making highly sophisticated devices and augmenting them with various parts of an automobile. Anti-collision sensors enable automotive OEMs to integrate additional intelligence to achieve the goal of an autonomous car. Strict lega...

Position Sensors Market Hits USD 9.93 Billion By 2022: By Grand View Research, Inc.

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The global  position sensors market  is expected to reach USD 9.93 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for electronics and sensor systems in automobiles is expected to augment demand. Factors such as the need for contactless technologies, requirement for lower CO2 emissions, and improvement in reliability and precision are expected to trigger demand over the forecast period. Increasing requirement of accurate sensor performance for detection of reflective objects and signaling the position of moving components in semiconductor and electronics industry is expected to boost the sensor demand over next seven years. Increased awareness regarding vehicle safety and technological advancements are anticipated to drive the global demand for position sensor market. Escalating demand for navigation and GPS-enabled wearable devices and smartphones is expected to further entice growth. Growing requirement of time-proven p...

Mobile Robotics Market Is Expected To Grow Hastily Due To Enhanced Demand In Military & Defense Applications Till 2020: Grand View Research, Inc.

According to a new study by Grand View Research, Inc., global  Mobile Robotics Market growth can be attributed to increased adoption in military & defense applications. Commercialization of automated cars due to technological advancement in mobile robotics is expected to drive the market over the next six years. Favorable regulatory scenario, including funds and grants for promoting the robotics industry is also expected to positively impact the global market. Availability of open source platforms coupled with reduction in sensor and camera prices is expected to propel demand for domestic mobile robots such as vacuum cleaners and lawn mowers. Scarcity of experts equipped with the skill sets required for R&D may pose a challenge to mobile robotics market growth. Relatively low market penetration coupled with growing demand from end-use industries is expected to be a growth opportunity for key industry participants. Browse full research report on Mobile Robotics Ma...

Microwave Oven Market Is Predicted To Grow Swiftly Due To Increased The Popularity Of Frozen & Ready-To-Eat Packaged Foods Till 2022: Grand View Research, Inc.

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The global  microwave oven market  size is expected to reach USD 12.70 billion by 2022, according to a new study by Grand View Research, Inc. The market is expected to witness a sluggish growth in North America and Europe as microwaves have entered the mature stage of the product life cycle. Majority of the revenue is generated from the section of population exhibiting willingness to spend on premium kitchen appliances. Changing lifestyles of people, especially the working class, have increased the popularity of frozen and ready-to-eat packaged foods which has positively impacted market growth. Inclination towards the use of traditional cooking equipment can be viewed as a hindrance for microwave ovens’ adoption, especially in developing countries. High electricity consumption and the costs associated with it are expected to challenge industry growth, which has led to manufacturers developing energy efficient microwaves. North America microwave oven market demand b...

Magnetic Sensors Market Is Predicted To Reach USD 3.65 Billion By 2022: By Grand View Research, Inc.

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The global  magnetic sensors market   size is expected to reach USD 3.65 billion by 2022 according to a new report by Grand View Research, Inc. Technological advancements and an increased awareness regarding vehicle safety are anticipated to drive the global magnetic sensors market growth over the forecast period. Escalating demand for GPS & navigation enabled smartphones and wearable devices is expected to further incite industry growth. Magnetic sensing devices are used for detecting and measuring magnetic fields. These sensors assist in wear-free measurement of angular speed and angle of rotation with contactless operation. They are widely used in consumer electronic devices such as smartphones and wearable devices for position sensing, switching, current sensing, and angular sensing. In addition, they are used in white goods and heavy consumer durables such as air conditioners and refrigerators. However, intense competition and a gradual decline in the ...

Lower Welding Strength & Warpage Associated With LCP Is Expected To Drive Liquid Crystal Polymers Market Till 2020: Grand View Research, Inc.

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Global  Liquid Crystal Polymers  (LCP) Market is expected to reach USD 1.23 billion by 2020, according to a new study by Grand View Research, Inc. Shift in trend towards miniaturization of electrical components such as surface mount device and connectors is expected to drive global LCP market. Growing demand for lightweight, high performance materials from automotive industry in order to improve fuel efficiency is also expected to have a positive influence on the market growth. Lower welding strength and warpage associated with LCP is expected to remain a key challenge for market participants. Electrical & electronics emerged as the leading application segment and accounted for 81.5% of total market volume in 2013. Growing engineering resins demand for manufacturing ultra-thin electrical components is expected to remain a key driving factor for this segment. LCP is favored over other engineering resins such as polyphenylene sulfide (PPS), nylon 46 and polyphthalamide...

Home Audio Equipment Market Is Predicted To Reach USD 22.50 Billion By 2020: By Grand View Research, Inc.

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The Global  Home Audio Equipment  Market is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth. Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in d...

High Purity Alumina Market Worth USD 6.41 Billion By 2024: Grand View Research, Inc.

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The global  high purity alumina market   is expected to reach USD 6.41 billion by 2024, according to a new report by Grand View Research, Inc. Substantial demand for the product in plasma displays as it is a cost-effective and an energy efficient substitute for traditional materials including incandescent light bulbs is expected to drive demand. Moreover, growing demand for plasma displays is projected to propel the growth of the market over the forecast period. High purity alumina is an essential base material for artificial sapphire substrates, which are used in numerous electronics. Growing demand for high purity alumina in niche applications including medical, precision optics and defense is expected to drive demand over the forecast period. Moreover, increasing adoption of LED screen as they provide high-definition images is projected to boost demand for alumina products over the forecast period. Asia Pacific high purity alumina market volume, by application, 20...

Human Machine Interface Market Is Anticipated To Grow Due To Advancement In Broadband Access Technology Till 2022: Grand View Research, Inc.

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The global  Human Machine Interface (HMI) market  is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property. Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period. ...

Household Vacuum Cleaners Market Will Reach $16.1 Billion By 2022: Grand View Research, Inc.

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The global  household vacuum cleaners market  is expected to reach USD 16.1 billion by 2022, according to a new report by Grand View Research, Inc. Increasing government initiatives to spread awareness about cleanliness and hygiene worldwide is expected to contribute to revenue growth. Rising disposable income and increasing preference for new technologies worldwide is anticipated to favor industry growth over the forecast period. Price is estimated to be a critical factor in buying decision. Rising competition owing to presence of large industry players and less differentiated product is expected to benefit Industry leading to price reduction. Technology developments play an important role in revenue growth. Products such as bagless and robotic vacuum cleanerss have gained popularity across the globe. Use of smartphone-based services is also gaining popularity due to rising smartphone penetration worldwide. For instance, in September 2015, iRobot Corporation announced...

Hermetic Packaging Market Is Predicted To Grow At A 6.6% CAGR from 2014 to 2025: Grand View Research, Inc.

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The global  hermetic packaging market  is expected to reach USD 5.03 billion by 2025, according to a new report by Grand View Research, Inc. Utilization of hermetic packages is expected to grow significantly as a result of increasing application scope from healthcare and aeronautics & space application. The capability of the product to protect electronic components from temperature, pressure, and liquids is expected to drive the market over the forecast period. The telecom industry utilizes fragile & complex materials in various applications such as trunk lines and metros which require efficient packaging, thereby augmenting the demand. Central & South America accounted for a share of over 5.0% in 2016 Growing population and rising consumer willingness to spend is expected to increase the demand for electronic devices, thereby having a positive impact on the hermetic packaging industry. In addition, high military expenditure of USD 24.6 billion by Brazil ...

Gas Sensors Market Is Predicted To Grow Swiftly Due To The Use Of Hydrogen As An Alternative Fuel In Hybrid Vehicles Till 2020: Grand View Research, Inc.

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The global  gas sensors market  is expected to reach USD 2,512.4 million by 2020, according to a new study by Grand View Research, Inc. Regulatory initiatives, in developed markets of North America and Europe, in order to boost occupational health and safety are expected to drive the market over the forecast period. Additionally, growing demand from end-use industries is expected to positively impact global market prospects.  Positive outlook on demand for smart and wireless gas sensors can primarily be attributed to their effectiveness in detecting toxic gases in hazardous environmental conditions. Regulations for safety put forth by Occupational Safety and Health Administration (OSHA) and the Health and Safety at Work Act (HSWA) have been critical in enhancing market penetration across numerous industries in recent times. The use of hydrogen as an alternative fuel in hybrid vehicles is also expected to be a considerable opportunity for industry participants in the...

Flexible Electronics Market Hits USD 87.21 Billion By 2024: By Grand View Research, Inc.

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The global  flexible electronics market  was USD 20,850.0 million in 2015, which is estimated to reach USD 87,210.0 million by 2024, according to a new report by Grand View Research, Inc. Escalating demand for compact and light-weight electronic devices is anticipated to fuel growth over the forecast period. Flexible batteries, displays, memories are a few products realized with the adoption of this technology. The technology provides ample opportunities in the area of smart textiles, which is the future of wearable’s. Government support in the form of funding that lends a helping hand to several research projects in this field is also anticipated to impact the industry growth positively. Healthy demand for smart glasses, e-books, smartphones, smart watches, and e-papers is expected to catapult market growth over the next eight years. The technology facilitates electronic systems to be stretched, rolled, and flexed, minimizing design issues associated while developing co...

Food Service Equipment Market Hits USD 56.0 Billion By 2024: By Grand View Research, Inc.

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The global  food service equipment market  is expected to reach USD 56.0 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of cost-effective and energy-efficient products to reduce the energy consumption is expected to offer lucrative opportunities to the market over the forecast period. Food service equipment plays a key role in the hospitality sector. Increasing demand from restaurants, hotels and food chains is contributing to the industry growth. Moreover, regulations and standards set by the food regulatory authorities are enabling manufacturers to develop equipment compliant with these standards. Increasing sanitation, hygiene and less time-consuming requirements are attributing to the adoption of these equipment among households. Also, the upgraded products not only reduce the energy expenses but also are eco-friendly. Changing consumer lifestyle and rising disposable income are the major factors driving market growth. ...