Virtual Reality Market Is Expected To Reach $48.5 Billion By 2025 : Grand View Research, Inc.

The global virtual reality (VR) market is expected to reach USD 48.5 billion by 2025, according to a new report conducted by Grand View Research, Inc. VR technology based Gesture Tracking Devices (GTD) devices find commercial applications in high-performance computers and VR gaming applications. The VR Head Mount Devices (HMD) technology offers a cost-effective and reliable solution to experience immersive virtual experience by means of a smartphone. The consumer electronics application segment would dominate the sector in terms of market size over the forecast period. The growing adoption of medical and consumer electronics based VR applications is anticipated to revolutionize the market by 2025.

Non-mobile VR headsets have their own integrated screens, for example, Oculus Rift, whereas mobile VR headsets use smartphones as the screen, for example, Google Cardboard. Numerous large corporations, such as HTC Corporation and Sony Corporation, are venturing into space. The introduction of commercial VR headsets is expected to accelerate market growth over the next two years.

          

The market can be categorized based on components into hardware and software verticals. The hardware segment dominated the virtual reality market in terms of the overall market share in 2016. The rising demand for smartphone devices is anticipated to complement the growing VR hardware device sales. The increasing penetration of devices, such as smartphones and tablets, is expected to drive the software segment over the forecast period. The increasing demand for VR applications in the gaming and entertainment segments is expected contribute to the market growth.

Browse Research Report on Virtual Reality Market:

www.grandviewresearch.com/industry-analysis/virtual-reality-vr-market

Further key findings from the report suggest:

• The semi and fully immersive segment dominated the VR market in 2016 in terms of the overall market share. Immersive VR devices aid users to achieve maximum isolation from the real world dimension into the virtual world.
• The GTD VR hardware includes sensors, processors, and displays. Furthermore, several companies are working on enhancing the quality of sensors and processors used in VR devices.
• In the entertainment and healthcare segments, VR applications can save time and reduce operational costs.
• The North American region dominated the marketplace, accounting for the largest global market share (in terms of revenue) in 2016.
• The key industry participants include CyberGlove Systems LLC, Barco, Alphabet Inc., HTC Corporation, Oculus VR LLC, and Leap Motion, Inc.

View more reports of this category by Grand View Research at

www.grandviewresearch.com/industry/display-technologies

Grand View Research has segmented the global virtual reality market based on device, component, technology, application, and region:

VR Device Outlook (Revenue, USD Million; 2014 - 2025)

• Head-Mounted Display (HMD)
• Gesture Tracking Devices (GTD)
• Projectors & Display Walls (PDW)

VR Component Outlook (Revenue, USD Million; 2014 - 2025)

• Hardware
• Software

VR Technology Outlook (Revenue, USD Million; 2014 - 2025)

• Non-Immersive
• Semi & Fully Immersive

VR Application Outlook (Revenue, USD Million; 2014 - 2025)

• Aerospace & Defense
• Commercial
• Consumer Electronics
• Industrial
• Medical
• Other

View press release of this research report by Grand View Research:

www.grandviewresearch.com/press-release/global-virtual-reality-vr-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more information: www.grandviewresearch.com

Drug Device Combination Market Is Expected To Reach $177.7 Billion By 2024 : Grand View Research, Inc.

The drug-device combination market is expected to reach USD 177.7 billion by 2024, according to a new study by Grand View Research, Inc. The drug-device combination market is primarily driven by exponential growth in the production of advanced drug delivery devices coupled with the growing chronic disease burden, which is anticipated to be one of the primary factors to accelerate the overall demand of the market throughout the forecast period. The unprecedented adoption rate of these products is also believed to be a consequence of its inherent benefits over the traditional pharmacological alternatives to deliver therapeutics, which in turn influences pharmaceutical, biotechnology, and medical device companies to work toward further developing these products for subsequent commercialization.

As a consequence of the high patient and physician demand, it is observed that regulatory agencies have developed specific competencies and regulations for combination product manufacturers. The regulatory healthcare agencies across the globe, notably the Pharmaceuticals Medical Devices Agency, Japan and the U.S. FDA, require manufacturers to gain deep insights pertaining to specific patient requirements in numerous countries to ensure accurate and timely market access to the drug-device combination products. In addition, these regulatory bodies ensure the development of sophisticated combination products for enhanced drug delivery with a high safety level. Such heightening sophistication in the overall manufacturing process is believed to accentuate the demand for combination products and encourage high participation by the pharmaceutical and medical device companies.

Browse Research Report on Drug Device Combination Market:

www.grandviewresearch.com/industry-analysis/drug-device-combination-market

Further Key Findings From the Study Suggest:

• Segment with transdermal patches held the dominant share of over 35.0% in the product segment in 2015. The substantial share can be attributed to the consistent technological advancements that present this drug delivery mode with benefits over conventional treatment methods. 
• Inclusion of third-generation iontophoresis and microneedle technology, matrix-controlled transdermal systems, and thermo effectors in transdermal patches are some of technological innovations contributing toward the segment share
• Inhalers are anticipated to grow at a profitable rate throughout the forecast period owing to the rising prevalence of asthma and COPD coupled with the surging awareness of innovative therapies including controlled or programmable drug dosing
• Thenebulizers are expected to grow at a lucrative rate during the forecast period owing to easy drug administration with active pharmaceutical ingredients delivered in the form of fine mist. This facilitates direct delivery of therapeutics to the lungs, which proves to be the most convenient way of providing medication to infants and toddlers, thereby propelling the demand for nebulizers during the forecast period.
• In 2015, North America dominated the regional drug device combination vertical with a share of over 42.0%. The dominant share is a consequence of high investment in the R&D sector of advanced drug delivery technologies, the resultant technological advances in this space, and the subsequent high adoption of innovative combination products owing to convincing therapeutic outcomes.
• Asia Pacific is expected to witness growth at an exponential CAGR during the forecast period. The exponential growth rate is attributed to the increasing healthcare spending, improving infrastructure quality pertaining to drug development and discovery, increasing outsourcing manufacturing activities, and the adoption of compact and low cost techniques.
• The key players are consistently employing new product development and collaborative strategies to attain a higher share and gain a competitive advantage in the sector. For instance, in August 2016, W.L. Gore & Associates, Inc. announced the FDA approval of its dual-component stent, GORE TIGRIS vascular stent with a fluoropolymer/nitinol design.
• The aforementioned product launch was carried out to expand options for the treatment of peripheral artery disease, which allows easy insertion and better clinical outcomes, even in a challenging anatomy

View more reports of this category by Grand View Research at

www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the drug device combination market on the basis of product and region:

Global Drug Device Combination Product Outlook (Revenue, USD Billion, 2013 - 2024)

• Infusion Pumps
  • Volumetric
  • Disposables
  • Syringes
  • Ambulatory
  • Implantables
  • Insulin
• Orthopedic Combination Products
  • Bone Graft Implants
  • Antibiotic Bone Cement
• Photodynamic Therapy Devices
• Transdermal Patches
• Drug Eluting Stents
  • Coronary stents
  • Peripheral vascular stents
• Wound Care Products
• Inhalers
  • Dry powder
  • Nebulizers
  • Metered dose
• Antimicrobial Catheters
  • Urological
  • Cardiovascular
  • Others
• Others

View press release of this research report by Grand View Research:

www.grandviewresearch.com/press-release/global-drug-device-combination-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more information: www.grandviewresearch.com

Smart Airport Market Is Expected To Reach $25.09 Billion By 2024 : Grand View Research, Inc.

The global smart airport market is expected to reach USD 25.09 billion by 2025, growing at a CAGR of 10.7%. according to a new report by Grand View Research, Inc. The growth can be accredited to increased penetration of automated and connected airport processes, such as self-service check-ins, smart baggage drop, and smart luggage tracking.

Moreover, the rising demand for various technologically-advanced non-aeronautical systems, communication systems, and security systems such as electronic bag tags is expected to boost the growth over the forecast period.

Emerging technologies and devices, such as smart access control systems, fingerprint readers, and smart card technology are being increasingly implemented by airports for enhancing the overall passenger experience. Additionally, with the introduction of smartphone-based airport applications, passengers are now able to utilize real-time information, such as gate number, arrival time, direction to an airport, check-in line, and flight booking. 

           

Companies across the globe are investing heavily on IT and digital technology to effectively streamline their business processes and provide value-added services to customers. A majority of airports is now focusing on passenger self-service solutions and is planning to implement new technologies, such as the adoption of Bluetooth-enabled beacons to provide connected airport solutions.

Contemporary airport operation and business models have led to an explosive growth of the airline industry. Rising concerns of industry participants pertaining to increased competitiveness have led to a shift in focus towards a customer-centric and data-driven approach to enhance operational efficiency. Moreover, with the emergence of Airport 3.0, airports worldwide are seeking to leverage the benefits of emerging technologies with advanced capabilities.

Browse Research Report on Smart Airports Market:

www.grandviewresearch.com/industry-analysis/smart-airports-market

Further key findings from the report suggest:

• Airports across emerging economies are increasingly adopting a smart airport approach by implementing innovative technologies, such as smart robots, self-check-in kiosks, beacon services, predictive analysis, and border control automation solutions
• Airports are increasingly expanding their airside operations by providing various services, such as in-wallet scanning, and geolocation and coordination of aircraft with real-time information on landing
• Airports across developed regions, such as the U.S., have now started providing automated parking facilities, in order to capture a higher revenue share of the non-aeronautical operations segment
• Asia-Pacific is estimated to emerge as the fastest-growing region over the forecast period, owing to a steep increase in passenger traffic coupled with upgrading and implementation of new technologies in airport communication and security systems
• Major countries across Europe are adopting Bluetooth-based beacon technology to provide a personalized experience to passengers, such as indoor wayfinding and nearby promotional offers, based on data collected regarding the passengers’ spending and usage habits

View more reports of this category by Grand View Research at

www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global smart airport market on the basis of technology, application, location, and region:

Smart Airport Technology Outlook (Revenue, USD Million; 2014 - 2025)

• Security Systems
• Communication Systems
• Passenger, Cargo, & Baggage Ground Handling Control
• Air/Ground Traffic Control
• Others

Smart Airport Application Outlook (Revenue, USD Million; 2014 - 2025)

• Aeronautical Operations
• Non-Aeronautical Operations

Smart Airport Location Outlook (Revenue, USD Million; 2014 - 2025)

• Landside
  • Vehicular Parking
  • Security
  • Advertisement
• Airside
  • Air Traffic Management (ATM)
  • Management
  • Aircraft Parking & Maintenance
• Terminal Side
  • Building Operations
  • Baggage Handling
  • Check-in Systems

View press release of this research report by Grand View Research:

www.grandviewresearch.com/press-release/global-smart-airports-market
 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more information: www.grandviewresearch.com