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Tuesday, 31 December 2019

2D Barcode Reader Market

2D Barcode Reader Market Revenue Reach $8.6 Billion | Global Industry Report Forecast 2025 | Market Research Report


The global 2D barcode reader market size is expected to reach USD 8.60 billion by 2025, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow as incumbents of industries, such as retail, transportation & logistics, warehousing, and e-commerce, continue to adopt various tools to increase the operational efficiency of their business operations. Initiatives being undertaken by businesses to develop innovative strategies and adopt strategic methods and tools to gain a competitive edge in the marketplace also bode well for the growth of the market.

A barcode reader is emerging as one of the solutions that can potentially help businesses in ensuring lean operations and improving productivity. As a result, manufacturers operating in the market are responding to the situation by focusing on the development of innovative technologies for enhancing the barcode reading capabilities and offering numerous benefits to several end-use industries. The development of 2-Dimensional (2D) barcode scanners has particularly helped in solving several problems and challenges, such as having the capability to scan 2D barcodes while also ensuring the backward compatibility to scan 1-Dimensional (1D) barcodes.

A 2D barcode reader has assumed a pivotal role in increasing the operational efficiency of businesses. Owing to advantages such as higher accuracy, higher scanning speed, reduction in clerical cost, and improvement in customer service, the 2D barcode reader has cemented its position as a prominent tool for streamlining internal and external operations. Apart from being compact and flexible, the reader can also turn out to be an economical solution with a payback period of just 3–6 months. It is particularly getting vital for the industrial sector as a result.
The adoption of barcode technology as an automatic identification/scanning system has helped significantly in reducing human errors. A typical error rate for human data entry is estimated at around 1 error per 300 characters typed. However, the error rate of a barcode reader is estimated at 1 error per 35 trillion characters. Thus, from accelerating the checkout process in the retail industry to tracking inventories in warehouses, barcode scanners have eventually proliferated into a myriad of business operations. These scanners can not only help businesses in conserving their resources but in optimizing the data entry process, improving real-time visibility of the products, and enhancing the productivity of employees.

However, the proliferation of mobile barcode Software Development Kits (SDKs) is anticipated to hinder the growth of the market. Organizations with low-volume operations are particularly preferring smartphones over scanners for barcodes to reduce their operational costs. The adoption of Bring Your Own Device (BYOD) policies is also anticipated to encourage the adoption of barcode scanning apps over readers. In other words, any growth in the usage of smartphones for scanning barcodes can potentially take a toll on the demand for dedicated 2D barcode readers.
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Further key findings from the report suggest:
  • The global market for 2D barcode reader was valued at USD 6.39 billion in 2018 and is expected to exhibit a CAGR of 4.7% from 2019 to 2025
  • The handheld segment accounted for the largest revenue share of over 65% in 2018 and is anticipated to register a CAGR of 5.2% over the forecast period
  • The logistics segment is anticipated to exhibit the highest CAGR of 6.1% over the forecast period as transporters continue to deploy barcode readers at their logistics facilities
  • The warehousing segment dominated the market in 2018 and was valued at USD 2.60 billion as warehousing companies aggressively adopted 2D barcode readers to track inventories
  • The Asia Pacific regional market was valued at USD 2.66 billion in 2018 and is expected to register a significant growth rate owing to the booming e-commerce industry and the continued rollout of warehousing network, particularly in developing countries, such as India and China
  • The key players dominating the 2D barcode reader market include Zebra Technologies Corporation, Datalogic S.p.A., Cognex Corporation, Honeywell International Inc., and Keyence Corporation, among others
Grand View Research has segmented the global 2D barcode reader market on the basis of product type, application, and region:

2D Barcode Reader Product Type Outlook (Revenue, USD Million, 2015–2025)
  • Handheld
  • Fixed
2D Barcode Reader Application Outlook (Revenue, USD Million, 2015–2025)
  • Warehousing
  • Logistics
  • E-commerce & Retail

Automotive Hypervisor Market

Automotive Hypervisor Market Revenue Reach $698.2 Million | Global Industry Report Forecast 2025 | Market Research Report

The global automotive hypervisor market size is expected to reach USD 698.2 million by 2025, growing at a CAGR of 33.2% from 2019 to 2025, according to a new study by Grand View Research, Inc. The use of automotive hypervisor technology has increased owing to its growing demand in automotive production and vehicle parc. The upsurge in vehicle production is creating intense competition among the players, leading to high investments in research and development activities. The hypervisor technology offers various feature enhancements such as telematics, Advanced Driver Assistance System (ADAS) and benefits such as security, infotainment, communication, and connectivity in vehicles.

The market is expected to gain momentum owing to advancements and innovation in virtualization technology. Hypervisor technology facilitates real-time communication between vehicle-to-vehicle & vehicle-to-environment. The use of increased number of ECUs and different network interface is leading to complexities in vehicle functionality. The use of gateways and electronic devices enable reliable and secure communication between a vehicle’s electronic systems. A hypervisor maintains network functionality and offers improved communication for the same.
The use of hypervisor technology in vehicles increases the cost of production and hence, the technology is primarily featured in luxury vehicles. This is expected to drive the growth of the luxury vehicles segment over the forecast period.The unavailability of a strong data network leads to delay in information transfer and ADAS failure. ADAS failure further creates a delay in sharing information related to route, traffic jam, and obstacles. The hypervisor technology is used to share information in real time and hence, helps reduce accidents.
The major players in the market are collaborating with each other to improve the automotive hypervisor technology. For instance, in February 2019, Green Hills Software LLC announced a strategic partnership with Cadence Design Systems, Inc. This initiative was undertaken to leverage their individual strengths for enhancing embedded system security and safety while hastening growth for both companies.
Asia Pacific region dominated the automotive hypervisor technology market in terms of revenue in 2018 and is expected to grow at the highest CAGR over the forecast period. Original Equipment Manufacturers (OEMs) are setting up production plants in the countries of this region owing to low labor and maintenance costs. This is expected to drive the growth of the Asia Pacific market.

One of the challenges faced by the market is the lack of standards related to automotive virtualization. Currently, the only regulation to be followed by the market players is ISO 26262, a functional safety standard that regulates electronic and electrical systems throughout the product development lifecycle, from development to decommissioning. The lack of cybersecurity standards across the globe is leading to issues related to hacking. National Institute of Standards and Technology’s Cybersecurity Framework (U.S.),EU’s Regulation against Geo-IP-based blocking of EU member countries or economies (EU), and others have introduced cybersecurity standards.These standards are to be mandatorily followed by the automobile providers while manufacturing autonomous vehicles.

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Further key findings from the report suggest:
  • The type 2 segment is expected to register the highest CAGR over the forecast period as these hypervisors allow various virtual machines to run simultaneously using different operating systems
  • The passenger cars segment is expected to grow at a significant pace over the forecast period owing to the growing concerns pertaining to the safety and security of passenger cars
  • The growing initiatives undertaken by governments in the developing countries to improve electric vehicle parc are expected to create new growth opportunities for the market players
  • The increasing production of autonomous cars with entertainment and infotainment systems is creating growth opportunities for the players in the automotive hypervisor market
  • The key players in the market include Continental AG; Renesas Electronics Corporation; NXP Semiconductor N.V.; Wind River Systems, Inc.; Green Hills Software LLC; Sasken Technologies Ltd.; and Mentor Graphics Corporation.

Grand View Research has segmented the global automotive hypervisor market on the basis of product type, vehicle type, mode of operation, end user, and region:

Automotive Hypervisor Product Type Outlook (Revenue, USD Million, 2014–2025)
  • Type 1
  • Type 2
Automotive Hypervisor Vehicle Type Segment Outlook (Revenue, USD Million, 2014–2025)
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Automotive Hypervisor Mode of Operation Outlook (Revenue, USD Million, 2014–2025)
  • Autonomous Vehicle
  • Semi-autonomous Vehicle
Automotive Hypervisor Regional Outlook (Revenue, USD Million, 2014–2025)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • South America
  • Brazil
  • Argentina
  • Middle East & Africa

Monday, 30 December 2019

North America CEM Market

North America Customer Experience Management Market Revenue Reach $7,496.7 Million | Global Industry Report Forecast 2025 | Market Research Report

The North America customer experience management market size is expected to reach USD 7,496.7 million by 2025, registering a CAGR of 17.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. Owing to the intensifying competition across industries, organizations are steadily shifting from the traditional strategy of chasing sales targets and marketing to providing enhanced customer experience as a way of building long-term relationships with customers.
As a result, it has become essential for an organization to understand the changing needs of customers. Thus, the continuous evaluation of customer feedbacks to fetch valuable customer insights as a way of adding business value is becoming one of the top priorities across industries. Moreover, the rising focus of companies on integration with social media and mobile platforms to connect with customers and deliver enhanced customer service is also expected to drive the adoption of CEM tools in the near future. In addition, big data analytics is transforming business operations and customer interaction, necessitating it for companies to adopt advanced customer experience management solutions.

In terms of deployment, the adoption of cloud-based CEM tools has been on the rise in recent years. Cloud-based CEM solutions help organizations to address customer needs while providing a personalized experience. The cloud facilitates organizations to easily and quickly upgrade features across different channels to accelerate business transformation and, in turn, gain a competitive edge. A notable trend observed in the market is the migration of companies from large CEM vendors to small CEM vendors who offer industry-specific tailor-made solutions. This process is driven by two major factors, including pricing strategies of smaller vendors and their ability to offer customizable solutions. Large vendors are expected not to relinquish their share but witness slow growth.

Another key trend observed in the North America market is the increasing emphasis of large and medium-sized companies on providing multichannel services to deliver a seamless experience to customers across all touch points channels. Organizations are adopting business analytics tools such as sentiment analytics, speech analytics, and text analytics. Such efforts are expected to help enterprises understand the critical insights from unstructured data gathered from interactions with customers to provide enhanced digital services.
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Further key findings from the report suggest:
  • The web services touch point segment is anticipated to witness the highest CAGR of 18.8% over the forecast period
  • The speech analytics analytical tools segment is anticipated to grow at the highest CAGR of 19.2% over the forecast period. The rising number of contact centers and need for real-time cloud analytical solutions to enhance customer experience is anticipated to strengthen the growth prospects of the segment
  • The cloud deployment segment is anticipated to register at the highest CAGR over the forecast period. The promising rate of advancement of cloud computing technologies is expected to create a steady demand for cloud deployment
  • Key players in the North America CEM market include Oracle, SDL Plc, Verint, Tech Mahindra Limited and Zendesk.
Grand View Research has segmented the North America CEM market on the basis of analytical tool, touch point type, deployment, end user, and country.
North America Customer Experience Management (CEM) Analytical Tool Outlook (Revenue, USD Million, 2015–2025)
  • Enterprise Feed Management (EFM) Software
  • Speech Analytics
  • Text Analytics
  • Web Analytics
  • Others
North America Customer Experience Management (CEM) Touch Point Type Outlook (Revenue, USD Million, 2015–2025)
  • Store/Branches
  • Call Centers
  • Social Media Platform
  • Email
  • Mobile
  • Web Services
  • Others
North America Customer Experience Management (CEM) Deployment Outlook (Revenue, USD Million, 2015–2025)
  • Cloud
  • On-Premise
North America Customer Experience Management (CEM) End User Outlook (Revenue, USD Million, 2015–2025)
  • BFSI
  • Retail
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Government, Energy & Utilities
  • Others

North America MUV Rental Market

North America MUV Rental Market Revenue Reach $7.76 Billion | Global Industry Report Forecast 2025 | Market Research Report

The North America MUV rental market size is projected to reach USD 7.76 billion by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. A combination of factors such as an upsurge in the number of air travelers opting for vehicle rental services and the growing adoption of renting recreational vehicles for leisure purposes have fueled the regional market growth. Changing preferences of demographics, regarding vehicle ownership, are expected to have a positive influence on the market growth over the forecast period.

The increase in number of internet users has encouraged numerous local and global players in the MUV rental marketplace to have an international presence through their online website and mobile applications. The regional MUV rental market is expected to undergo a transformation from the conventional rental business operations to innovative business models. The North America market has witnessed a significant growth over the past few years owing to continuous economic growth. Numerous states in the U.S. are establishing tie-ups with van rental companies for providing transport facilities from airports to the city centers and other locations.

The key strategies adopted by the prominent players to acquire a higher market share include replacement of older fleet with newer ones, expansion of their operational reach, and adoption of a competitive pricing model. Major companies across the region are implementing a mix of operating models, including company owned stores, franchise, and agencies. With the advent of state-of-the-art technologies, vehicle renting has become a preferred option for travelers. Various players have started introducing mobile apps for customers as these apps provide benefits such as easy vehicle tracking and faster payment & booking process.
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Further key findings from the report suggest:
  • A majority of service providers in developed countries such as the U.S. are increasingly implementing advanced technology solutions to streamline the vehicle renting/booking processes
  • The demand across the leisure group is high during the peak seasons. Prominent players are providing premium services and offering discounts & packages to frequent travelers
  • The trend of renting camper vans or Recreational Vehicles (RVs) has also increased in recent years. Tourists mainly prefer renting RVs for traveling to remote locations or for camping purposes
  • Some of the key players in the north america muv rental market include Enterprise Holdings, Inc.; Dollar Rent A Car, Inc.; Budget Rent A Car System, Inc.; and Sixt SE.
Grand View Research has segmented the North America MUV rental market on the basis of application, MUV type, and country.

North America MUV Rental Application Outlook (Revenue, USD Million, 2015–2025)
  • On-airport
  • Off-airport
North America MUV Rental MUV Type Outlook (Revenue, USD Million, 2015–2025)
  • Passenger Vehicles
  • Cargo Vehicles
North America MUV Rental Country Outlook (Revenue, USD Million, 2015–2025)
  • U.S.
  • Canada
  • Mexico

Asset Performance Management Market

Asset Performance Management Market Is Forecast To Reach $24.4 Billion By 2025 | Market Research Report

The global asset performance management market size is estimated to reach USD 24,401.62 million by 2025, exhibiting a CAGR of 9.15% from 2019 to 2025, according to the new report by Grand View Research, Inc. The growing adoption of dedicated systems for managing the performance of assets to achieve operational excellence is expected to fuel the market growth. Managing the performance of assets can help companies in optimizing the usage and maintenance of their operational assets, such as plants, equipment, and infrastructure. Some of the assets that are actively monitored by companies using dedicated systems include heavy machinery, heavy equipment, turbine engines, and power transformers.

A system deployed for managing the performance of assets typically includes various solutions, such as asset strategy and risk management, predictive asset management, reliability-centered maintenance, and condition-based maintenance, among others. Incumbents of various end-use industries, including energy & utilities, mining & metal, oil & gas, and manufacturing, utilize these solutions depending on their needs and preferences. The manufacturing segment held a significant market share in 2018 and is expected to account for a sizeable share over the forecast period because there are several small and large manufacturing plants across the globe and all of them are expected to adopt solutions to manage the performance of their assets.
The energy & utilities segment held the largest asset performance management (APM) market share in 2018 owing to a large number of energy & utility companies that are actively investing in systems to manage the performance of their assets. For instance, Tata Power of India is leveraging AVEVA Group plc’s PRiSM Predictive Asset Analytics for avoiding failures of assets and reducing equipment downtime. The system has benefitted Tata Power in the form of higher reliability and enhanced performance of critical assets. Additionally, predictive analysis enabled by the system has also helped the company in controlling maintenance costs.

Companies having a high degree of reliance on the capability of their assets have to often confront unplanned downtimes stemming from failures of assets, ineffective data gathering approaches while monitoring assets, hardships in realizing operational capabilities of assets, inability to determine unforeseeable risks, and ineffective maintenance scheduling, which can potentially impact their profits goals. Managing the performance of assets can help such companies is reducing the instances of unplanned downtimes. Cloud-based systems for managing the performance of assets are particularly allowing companies to manage their assets cost-effectively. The launch of IIoT-compatible systems and the increasing adoption of cloud solutions are expected to be among the crucial factors driving the market growth.

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Further key findings from the report suggest:
  • The rapid industrial shift towards digitalization of monitoring and maintenance activities is prompting companies to invest aggressively in digital solutions to manage the performance of assets
  • Use of advanced processes and tools, such as regression analysis, neural network analysis, and Monte Carlo simulation, in managing the performance of assets is driving the growth of the predictive asset management segment
  • The on-premises segment is projected to dominate the asset performance management market over the forecast period owing to the growing preference for on-premises customized systems
  • The hosted segment is expected to register a CAGR of more than 11% from 2019 to 2025. The public cloud segment held a market share of more than 60% in 2018 and is expected to maintain its dominance over the forecast period
  • The predictive asset management segment is expected to register a CAGR exceeding 11% from 2019 to 2025 as the approach shifts from predictive to preventive.
Grand View Research has segmented the global asset performance management market based on deployment mode, category, vertical, and region as follows:

Asset Performance Management Deployment Mode Outlook (Revenue, USD Million, 2014–2025)
  • On-Premises
  • Hosted
  • Public Cloud
  • Private Cloud
Asset Performance Management Category Outlook (Revenue, USD Million, 2014–2025)
  • Predictive Asset Management
  • Asset Reliability Management
  • Asset Strategy Management
  • Others
Asset Performance Management Vertical Outlook (Revenue, USD Million, 2014–2025)
  • Energy & Utilities
  • Oil & Gas
  • Manufacturing
  • Mining & Metal
  • Government & Public Sector
  • Transportation
  • Chemicals & Pharmaceutical
  • Others

Friday, 27 December 2019

Fixed And Mobile C-arms Market

Fixed And Mobile C-arms Market Revenue Reach $2.3 Billion | Global Industry Report Forecast 2025 | Market Research Report

The global fixed & mobile C-arms market is expected to reach USD 2.3 billion by 2025, according to a new report by Grand View Research, Inc. Growing prevalence of chronic diseases that require early diagnosis and on-time treatment for prevention of complications and rising number of road accidents leading to orthopedic injuries are propelling the demand for fixed and mobile C-arm devices. In addition, increase in geriatric population, technological advancements, and growing preference for minimally invasive surgical procedures are also boosting the market growth.

Intensifying competition in the private sector has triggered advancements in latest medical devices in private hospitals. As a result, demand for mobile C-arm devices for orthopedic surgeries, such as repositioning of dislocated bone fragments or placement of pedicle screws in the spine, is swiftly increasing. Moreover, increasing cost pressure from various competitors is creating a great opportunity for the development of technically advanced and uniquely designed C-arm machines.
U.S. fixed and mobile C-arms market revenue, by product, 2014–2025 (USD Million)
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Further key findings from the study suggest:
  • The market study suggests that mobile C-arms dominated the overall market in 2016 owing to their increasing applications in orthopedics, trauma, neurosurgery, cardiovascular surgery, and gastroenterology
  • Full-size devices captured the largest revenue share in mobile C-arms segment in 2016. The rationale for such large market revenue is the product’s increasing application in surgical and orthopedic procedures, hence making the process as easy and painless as possible.
  • Among the application segments, orthopedics and trauma occupied the largest share due the reduced risk & higher safety of C-arms. Furthermore, utilization of these devices results in reduction of cost associated with radiography.
  • North America dominated the regional segment with the largest revenue share in 2016, due to highly developed healthcare infrastructure, continuous research, and increasing adoption of advanced techniques
  • Asia Pacific is anticipated to witness a significant growth during the forecast period, mainly due to increasing government initiatives, growing awareness about innovative medical imaging procedures, and booming medical tourism industry in the region
  • Some of the major companies operating in this market are GE Healthcare; Philips Healthcare; Siemens AG; Hologic Corporation; Shimadzu Corporation; Toshiba Medical Systems; Ziehm Imaging; OrthoScan, Inc.; Hitachi Medical Systems; and Eurocolumbus s.r.l.
Grand View Research has segmented the fixed & mobile C-arms market on the basis of product, application, and region:

Fixed & Mobile C-arms Product Outlook (Revenue, USD Million, 2014–2025)
  • Fixed C-arms
  • Mobile C-arms
  • Full-size C-arms
  • Mini size C-arms
Fixed & Mobile C-arms Application Outlook (Revenue, USD Million, 2014–2025)
  • Orthopedics and Trauma
  • Neurosurgery
  • Cardiovascular
  • Pain Management
  • Gastroenterology
  • Others

Image Sensor Market

Image Sensor Market Is Expected At A CAGR Of 7.89% 2024 | Market Research Report 

The global image sensor market is anticipated to reach USD 26.41 billion by 2024, according to a new report by Grand View Research, Inc. The industry is poised for an unprecedented growth over the forecast period owing to the rising expenditure on security & surveillance in public places across regions and increasing disposable income across the emerging and developing economies. The impact of information technology in the automotive, defense, medical, and industrial application has driven the demand for image sensors over the projected period.

Increasing adoption of technologies for improving anti-terror equipments mitigating the security lapses has demanded for better camera resolution, which has further enhanced the market growth. The IP cameras are expected to have a significant growth over the forecast period as compared to analog cameras, which is due to higher resolution, secure transmission, ability to cover more distance, high-speed recording, and lower cable cost. Consumer electronics is expected to be the key application segment having the significant penetration and is also anticipated to grow at a considerable rate over the forecast period. The leading companies in the market are seeking new revenue sources as the smartphone market is attaining maturity. This has resulted in increased demand for the image sensors in the wearable industry and other applications.

The increasing R&D expenditure on the deployment to have a raw material access is expected to compel the backward integration at the buyer’s end. For instance, Beijing-based Hua Capital Management Co., Ltd. planned to acquire U.S-based OmniVision Technologies, Inc. in 2016 to overcome the supply shortage in the market.

Global Image Sensor Market, 2014–2024 (USD Million)
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Further key findings from the report suggest:
  • The image sensor market is anticipated to witness a considerable growth over the projected period owing to the increasing awareness of early diagnosis. Moreover, a growing number of diagnostics imaging procedures have increased the demand for imaging systems in the healthcare facilities.
  • The CMOS technology is anticipated to grow at significant CAGR over the projected period owing to the characteristics such as low power consumption, high immunity to noise, and less emission of waste heat.
  • Consumer electronics is anticipated to gain the highest revenue over the forecast period owing to the wide applications in devices such as wearable, tablets, notebooks, PCs, webcams, gaming consoles, and so on.
  • The industrial/defense application is anticipated to witness a CAGR of over 15.2% over the forecast period. The growth is attributed to the increased defense spending by countries across the region. The increasing performance of the high-end CMOS technology is competing with the CCD technology on the factory floors. Reducing the cost of mainstream cameras and sensors allows vision to be used effectively in the industrial applications.
  • The North American image sensor industry is anticipated to have a significant growth over the forecast period. The increasing per capita healthcare expenditure and prevailing large consumer base have influenced the growth in the region.
  • The key players in the image sensor market include OmniVision Technologies, Inc., (U.S.), Toshiba Corporation (Japan), and Pixart Imaging, Inc. (China). Companies are focusing on developing new products to enhance their market share.
Grand View Research has segmented the image sensor market on the basis of technology, application, and region:
Image Sensor Technology Outlook (Revenue, USD Million, 2014–2024)
  • CMOS
  • CCD
Image Sensor Application Outlook (Revenue, USD Million, 2014–2024)
  • Automotive
  • Consumer Electronics
  • Security & Surveillance
  • Industrial/Defense
  • Medical
  • Others
Image Sensor Regional Outlook (Revenue, USD Million, 2014–2024)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Disposable Blood Pressure Cuffs Market

Disposable Blood Pressure Cuffs Market Is Expected At A CAGR Of 13.6%  2025 | Market Research Report 

Disposable blood pressure (BP) cuffs are used in the blood pressure monitoring and are segmented on the basis of call points. On the basis of its call points, it is classified into surgeons, physicians, and clinicians. The market is expected to witness the fastest growth owing to the presence of factors such as rising concern towards patient safety and growing awareness levels amongst the end users. Moreover, increasing pressure on medical institutions to curb healthcare expenditure is contributing further towards the growing adoption of disposable products in near future.

In addition, growing geriatric population base is presumed to propel the usage rates of BP monitoring devices and thereby upsurge the demand for these products over the forecast period. As per the United Nation’s report on world population aging, the proportion of world’s population aged 60 years or over increased from 8 percent in 1950 to 12 percent in 2013 and is estimated to reach 21 percent in 2050.

For instance, in the U.S., there are more than 40 million people aged above 65 years, and this geriatric population is expected to become more than double in 2050. This increasing old age population is anticipated to fuel the demand for pressure monitoring devices over the forecast period. The aforementioned factors are responsible for the market growth.
U.S. disposable blood pressure cuffs market, by call points, 2014–2025 (USD Million)
The threat of new entrants for existing manufacturers is high for this industry owing to the factors such as ease of production, ample availability of raw materials, and easy access to the production technology. Fewer entry barriers and rising demand due to growing awareness levels make it favorable for new players to enter into this marketplace.

Physicians segment dominated in 2016. This can be attributed to their wide use of disposable BP cuffs in hospitals. Owing to associated benefits with its usage and rising incidence of hospital-associated infections, the market for BP cuffs used by physicians is expected to display an upward shift. On the other hand, clinicians are anticipated to showcase lucrative growth over the forecast period due to an increasing penetration of standalone clinics and outpatient services for BP monitoring.
Furthermore, increasing outpatient monitoring activities are anticipated to fuel the demand for safe and secure equipment for the patient’s treatment which is thereby contributing towards the growing demand for disposables over the forecast period.

Lack of favorable reimbursement policies is the limiting factor for the growth of this industry. The only blood pressure monitor reimbursed by medical policies is the one, which is used for the differentiating and diagnosing white-collar hypertension. The extra expenditure required for disposable BP cuffs is anticipated to hamper the market demand over the forecast period.

In-depth report on disposable blood pressure cuffs market by Grand View Research:

Distributed Control Systems Market

Distributed Control Systems Market Opportunities To Reach $20.39 Billion By 2020 | Market Research Report

The global distributed control systems market is expected to reach USD 20.39 billion by 2020, according to a new study by Grand View Research, Inc. Increased DCS use in industrial applications such as power generation, water and waste water, pharmaceuticals, oil and gas, chemicals, and paper and pulp is expected to drive the market over the forecast period. Growing demand for power has resulted in the set up of new power generation stations and upgradation of existing ones by various governments, which is expected to favorably impact DCS demand.

Cost effectiveness, development of open source DCS and ability of implementation in hazardous environments are further expected to boost market growth. Need for technical expertise and lack of differentiation among specific DCS products are expected to pose a challenge for industry participants over the next six years.
North America DCS market by product, (USD Million), 2012–2020
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Further key findings from the study suggest:
  • DCS software dominated the global market and accounted for over 60% of the overall market share in 2013. This is primarily due to need for system upgradation by existing distributed control systems. DCS hardware is expected to witness the fastest growth over the forecast period due to increased Greenfield projects in Asia Pacific.
  • Oil and gas was the largest end-use industry in 2013 and accounted for over 24% of the overall market share due to increased demand for technologically advanced systems for controlling and monitoring activities, enabling higher production. The use of DCS in the power industry is expected to witness significant growth over the forecast period.
  • Asia Pacific is expected to be the market leader over the next six years, and contributed 31.5% to the global market revenue in 2013. It is further expected to grow at a CAGR of 4.2% from 2014 to 2020, mainly on account of increased demand for small distributed control systems due to price sensitivity among consumers in the region.
  • Companies operating in the market include ABB Ltd, Siemens AG, Bharat Heavy Electrical Ltd, Rockwell Automation Inc., GE Electric, Honeywell International Inc, Emerson Electric Co., Toshiba International Corp. and Invensys Plc.
Grand View Research has segmented the global distributed control systems market on the basis of product, end-use industry and region:

Distribution Control Systems Product Outlook (Revenue, 2012–2020)
  • Hardware
  • Software
  • Services
Distribution Control Systems End-Use Industry Outlook (Revenue, 2012–2020)
  • Chemical
  • Metal and Mining
  • Oil and Gas
  • Pharmaceutical
  • Power
  • Pulp and Paper
  • Water and Waste Water Treatment
  • Others

Thursday, 26 December 2019

Automotive Vehicle-to-Everything Market

Automotive Vehicle-to-Everything Market Revenue Reach $26.72 Billion | Global Industry Report Forecast 2025 | Market Research Report

The global automotive vehicle-to-everything (V2X) market is expected to reach USD 26.72 billion by 2025 according to a new report by Grand View Research, Inc. The automotive industry is undergoing a series of transition, the industry moving towards digitalization and connected mobility. There has been a significant rise in the use of electronics in the vehicles. The vehicles today have shifted from being a conventional vehicle to intelligent vehicles and are equipped with communication systems that alert or assist the driver from a potential accident. Moreover, the rising consumer demand for convenience features has enforced various OEMs to incorporate V2X communication systems. The implementation of the of V2X communication will not only increase the safety aspect but will also provide enhanced driving experience.

There are numerous benefits for implementation of V2X communication systems, however they are surrounded by challenges. The main challenge for automotive V2X market to grow is significantly is the need for robust legal framework. Another important challenge is built a secure system which ensures privacy, authenticity and security for all types of V2X communication.
Automotive Vehicle-to-Everything (V2X) market by region, 2014–2025 (USD Million)
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Further key findings from the report suggest:
  • Increasing concerns towards environment and growing electric vehicles market will provide wide growth opportunities for V2H, V2G and V2I communication type market
  • With the automotive industry moving towards connected cars and autonomous driving, there will arise concerns about how is data security, anonymity and privacy maintained.
  • Synchronized real-time data will be a key factor in determining the growth for the automotive V2X market.
  • The automotive V2X market is anticipated to grow at a CAGR of over 25.4% from 2016 to 2024.
  • Major players of the automotive V2X market are Continental AG, Qualcomm Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Tomtom N.V., Cisco Systems Inc., and Infineon Technologies AG, among others.
  • The automotive industry has numerous technology giants who are investing heavily in the automotive V2X market in order to gain the first movers advantage.
Grand View Research has segmented the market on the basis of communication type, connectivity type, vehicle type, and region:

Automotive V2X Communication Type Outlook (Revenue, USD Million; 2014–2025)
  • Vehicle-To-Vehicle (V2V)
  • Vehicle-To-Infrastructure (V2I)
  • Vehicle-To-Pedestrian (V2P)
  • Vehicle-To-Home (V2H)
  • Vehicle-To-Grid (V2G)
  • Vehicle-To-Network (V2N)
Automotive V2X Connectivity Type outlook (Revenue, USD Million; 2014–2025)
  • DSRC
  • Cellular Connectivity & Others
Automotive V2X Vehicle Type outlook (Revenue, USD Million; 2014–2025)
  • Passenger Cars
  • Commercial vehicles

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