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semiconductors-electronics
Semiconductors & Electronics
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3D Scanner Market Size, Share, Industry Analysis and Forecast, 2015 to 2025
17 January 2019, the global 3D Scanner Market size is projected to reach USD 3.8 billion by 2025. Increasing adoption in healthcare industry for making customized gloves and prosthetics is expected to drive the market over the projected period. Medical industry is one of the potential end-use markets generating demand for high-end portable/handheld scanners as they are preferred at medical specialties.
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Ability to obtain comprehensive information and geometry of vehicle parts is anticipated to escalate the usage of 3D scanners in the automotive industry. For instance, automotive industry adopted SMARTTECH 3D scanner to build a supercar. Production of prototypes to achieve precision and durability in sports car becomes easier with the help of these scanners.
Accurate and textured 3D models of objects including motorcycle exhaust system and alloy wheel is expected to boost demand for structured light scanners over the forecast period. Taking precise measurements in sharp resolution and effective scanning increases their scope of application. Structured light scanners are ideal for capturing objects of various kinds including the ones with black and shiny surfaces.
Browse Details of Report @ https://www.hexaresearch.com/research-report/3d-scanner-market
Fast and thorough indoor and outdoor three-dimensional measurement is expected to promote product demand. Moreover, growing scope of application in oil and gas industries for pipeline surveying is considered as one of the key growth drivers for the 3D scanner market. Constant technological developments to attain high efficiency and rising consumer awareness are expected to further drive the market.
Adoption of strategies such as mergers and acquisitions and new product developments by manufacturers to ensure sustainability will create a favorable scenario for 3D scanners throughout the forecast period. For instance, in 2016, SHINING 3D, a Chinese 3D digitizing and printing enterprise, signed an agreement with KS DESIGN LAB from Japan to market its EinScan-Pro and EinScan-S 3D scanners. In addition, in April 2017, FARO Technologies, Inc. acquired Nutfield Technology, a laser scanner manufacturer to expand its geographical presence and product portfolio.
Growing demand for smaller, portable, and plug and play solutions for high-resolution and accurate scans has created opportunities for companies to integrate and expand their product portfolio. For instance, in November 2017, Leica Geosystems, specializing in measurement technology, announced new ScanStation P50 3D scanner, which offers a scanning range capability of more than one-kilometer. In April 2018, Artec 3D, developer and manufacturer of 3D software and hardware, announced integration of handheld scanners with Geomagic freeform software to streamline workflow for manufacturing ready design.
Manufacturers in 3D scanner market focus on product development to sustain the stern competition. Some of the key market players include Hexagon AB; CREAFORM; Artec 3D; FARO Technologies, Inc.; 3D Digital Corp.; Surphaser; Topcon Corporation, Maptek Softwares LLP; and ShapeGrabber, Inc.
Hexa Research has segmented the global 3D scanner market report based on product, range, and application:-
Segmentation by Product
   • Laser Scanner
   • Optical Scanner
   • Structured Light Scanner
Segmentation by Range
   • Short Range
   • Medium Range
   • Large Range
Segmentation by Application
   • Healthcare
   • Aerospace & Defense
   • Architecture & Engineering
   • Industrial manufacturing
   • Others
Key players analyzed:
   • ABB
   • RH Marine
   • Kongsberg Gruppen
   • Fugro
   • Vaisala
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry
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LED Lighting in Poultry Farming Market Size, Share, Growth and Trend Analysis, 2015 to 2025
15 January 2019, the global LED Lighting in Poultry Farming Market size is projected to reach USD 505.0 million by 2025. The ability of LED lighting to accurately and efficiently imitate the sunlight has augmented its demand in poultry farming. Moreover, continuous development in energy-saving capabilities and durability is expected to fuel market growth. In addition, rising awareness regarding the benefits of LED lighting in poultry is expected to drive demand over the forecast period.
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There is also an increase in the number of poultry farms globally. For instance, in 2015, global poultry production was 111,000 thousand metric tons, which reached 118,080 thousand metric tons in 2017. Broiler growth, reproductive performance, durability, and reliability makes LED lights a suitable choice compared to incandescent, metal halide, fluorescent, and high-pressure sodium lamps. According to Brazilian Institute of Geography and Statistics, approximately 2.5 billion dozen eggs were produced in the year 2011, which marked an increase of about 3.2% as compared to the previous year.
Browse Details of Report @ https://www.hexaresearch.com/research-report/led-lighting-poultry-farming-market
A well-designed illumination system offers increased production according to birds’ biological responses to changes in color, intensity, and duration. Decreasing the duration of light in a day changes circadian rhythm of the birds and stimulates sexual maturity in adolescent birds. Use of red and green hues increases growth rate at early ages, while blue hues boost growth rates at later ages and decreases incidences of cannibalism.
Manufacturers in LED lighting in poultry farming market are adopting strategies like Mergers and Acquisitions (M&A) and new product developments to sustain market competition. For instance, in August 2017, Greengage Lighting Ltd. acquired Isotera, a company engaged in manufacturing and designing innovative power and control system for LED lightning. This acquisition helped the company add value to its products and expand the product portfolio. In another instance, in June 2018, Once Inc., a leading manufacturer and supplier of agriculture-based lighting systems, announced the acquisition of iLOX GmbH.
Global LED lighting in poultry farming market was led by North America and Europe in 2017. The two regions have considerable presence of many leading companies. However, Asia Pacific is expected to witness a higher CAGR over the forecast period. Growing production of domesticated birds coupled with government spending to create awareness regarding cost-efficient LED lighting system is expected to drive regional market.
Global LED lighting in poultry farming market is highly fragmented in nature. Increasing poultry meat production is expected to create business opportunities for new market entrants. Longer life and durability are expected to promote adoption of specific spectrum lighting in poultry farming. Some of the prominent market players are Greengage Lighting; Once, Inc.; Hybrite LED Lighting Ltd.; HATO BV; SUNBIRD; Big Dutchman; and Shenzhen Hontech-Wins Electronics Co., Ltd.
Key players analyzed     • Greengage Lighting     • Once Inc.     • Hybrite LED Lighting Ltd.     • HATO BV     • SUNBIRD     • Big Dutchman     • Shenzhen Hontech-Wins Electronics Co., Ltd.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/electronic-devices-industry
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U.S. Battery Recycling Market Size, Share, Growth and Trend Analysis, 2015 to 2025
4 January 2019, The U.S. Battery Recycling Market size is expected to reach USD 1.36 billion by 2025 as a result of increasing demand from widespread applications. Stringent regulations due to rising environmental concerns are driving the battery-recycling sector. Manufacturing of batteries results in high energy consumption and pollution due to CO2 emissions, which further affects the environment. Hence, the government has set up laws and regulations regarding manufacturing and disposal of batteries.
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Significant lead emissions are reported annually, ranging from 5 kg to 12,250 kg. Excessive emissions can act as a threat to the recycling market. For instance, in 2015, the Exide technologies plant in Verona was shut down by the government owing to excessive pollution and contamination of the neighborhood, exposing the surroundings with toxic and harmful substances. It contributed to 3,400 pounds of lead emitted, causing air pollution and soil contamination.
New innovative techniques are being developed for sustainable ways to recycle batteries, which is also anticipated to boost market demand. Recently-developed battery recycling methods directly spit out the compound and can be used in new batteries right away. This process is expected to shorten the cost, complexity, and energy requirements of conventional recycling techniques. This factor is also anticipated to have a positive impact on market expansion over the next few years. Direct technology of structuring the cathode material being used by two major market players, Farasis Energy and On To Technologies, is also expected to spur the U.S. battery recycling market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-battery-recycling-market
Furthermore, increasing demand for batteries from the automotive sector is driving the growth of lead acid batteries as disposal of such batteries is illegal in most states. Thus, these batteries are returned to manufacturers through back-haul channels, reducing transportation expenses. Lead acid battery is the dominant segment due to simple process of recycling. Extracted components of these batteries can be readily used for manufacturing new ones. Automated technology for battery disassembly has also driven the lead acid battery recycling segment over the past few years.
Hexa Research has segmented the U.S. battery recycling market report based on product type and end-use:
Segmentation by product type, 2015 - 2025 (USD Billion)     • Lead Acid     • Lithium Ion     • Nickel Batteries
Segmentation by end use, 2015 - 2025 (USD Billion)     • Manufacturers     • Wholesalers
Key players analyzed:     • Call2Recycle, Inc.     • Aqua Metals     • Exide Technologies     • Johnson Controls International Plc     • EnerSys
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry
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Silicon Wafer Market Size, Share, Growth, Price Trends and Forecast, 2014 to 2024
29 November, The global Silicon Wafer Market size is estimated to reach USD 12.22 billion by 2024. The market is anticipated to witness significant growth during the forecast period due to the high demand for semiconductors in end products such as smartphones, tablets, and others. Increasing preference for compact, more powerful, and yet affordable devices results in escalating demand for silicon wafers during the forecast period. The increase in demand for consumer electronics such as TVs, refrigerators, and home theatres further supports the growth of the market over the coming years.
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Global silicon wafer market is expected to grow at a value CAGR of around 7.0% from 2017 to 2024. Asia Pacific accounted for the substantial market share in 2016. The growth of the market in the region is attributable to rising preference for technologically sophisticated electronic devices and gadgets. Asia Pacific is followed by North America in terms of growth rate, which is majorly due to enhanced use of silicon wafers for manufacturing solar cells. The accelerating need for reliable, clean and safe energy source in countries such as the U.S. and Canada are likely to increase the demand for solar cell, resulting in growth of the market for silicon wafers as well.
Browse Details of Report @ https://www.hexaresearch.com/research-report/silicon-wafer-market
Semiconductors find applications in various medical devices such as ultrasound scanners and ECG devices and this drives the market growth during the forecast period. Furthermore, increasing use of homecare devices such as glucose meters and blood pressure monitors is expected to positively impact the market growth. Requirement of lower power coupled with more in-built functions of semiconductors have made medical devices more portable and efficient.
Increasing installations of automated silicon wafer fabrication and transport systems by the manufacturers support their market sustainability. For instance, Siltronic AG employs automated ceiling-mounted transport systems (OHT systems) to transport the wafers from one operation point to next by the shortest route. It increases the productivity and freeze up space in clean room. Research efforts by the market players coupled with increasing investments will intensify the demand for silicon wafers thereby supporting the market growth. For instance, Intel started 450MM manufacturing facility at Arizona, U.S.
Global silicon wafer market is marked by the mergers and acquisitions strategies. For instance, in December 2016, Taiwanese GlobalWafers acquired the US-based SunEdison SEMI in order to expand production capabilities and to get greater access to the Korea and European countries. Additionally, GlobalWafers will get access to SOI product technologies of SunEdison SEMI.
Hexa Research has segmented the global silicon wafer market report based on type, application and region:
Segmentation by Type, 2014 - 2024 (USD Billion) (Million Square Inches) • 450MM • 300MM • 200MM • <200MM
Segmentation by Application, 2014 - 2024 (USD Billion) (Million Square Inches) • Computers • Smartphones • Automotive • Consumer Electronics • Industrial • Others
Segmentation by Region, 2014 - 2024 (USD Billion) (Million Square Inches) • North America       • U.S. • Europe       • UK       • Germany • Asia Pacific       • China       • Japan       • Taiwan • Rest of World
Key players analyzed • SUMCO CORPORATION • Siltronic AG • Shin-Etsu Chemical Co • SK SILTRON • SunEdison Semiconductor, Ltd. • Tokuyama Corporation • NexWafe GmbH • PV Crystalox plc  • Okmetic • Elkem AS
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry
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Helideck Monitoring System Market Size, Share, Growth and Trend Analysis, 2015 to 2025
22 November 2018, the global Helideck Monitoring System Market size is projected to reach USD 257.1 million by 2025. Growing need for digitalization of ships to gather weather forecasting and real-time data required during pre-flight planning is expected to drive market over the forecast period. In addition, government initiatives and increased spending on shipbuilding by manufacturers is expected to create potential opportunity for system manufacturers and components suppliers. Helideck monitoring systems are extensively used in offshore oil and gas rigs. Increasing offshore production and trade of oil and gas is expected to promote their adoption. Complete, timely, and accurate meteorological observations to support efficient and safe helicopter operations will also spur growth in the market.
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Hardware systems dominated the market in 2017. Motion sensors, meteorological sensors, and weather sensors are replaced or repaired frequently, which adds to the demand for helideck monitoring systems.
Presence of large number of component suppliers is also expected to propel market growth over the forecast period. On the other hand, software segment is expected to grow steadily over the forecast period. In terms of end-use application, commercial deployments dominated helideck monitoring system market in 2017 and is expected to continue leading over the forecast period. Increasing offshore oil and gas exploration projects is expected to provide growth opportunity in near future.
Browse Details of Report @ https://www.hexaresearch.com/research-report/helideck-monitoring-system-market
Shortage of qualified professionals for system deployment presents a key challenge for market players. Development in the field of smart antenna, growing use of Micro-Electro-Mechanical Systems (MEMS) and rise in Wireless Sensor Networks (WSN) technology is expected to digitalize shipping industry. Always-on connectivity is anticipated to empower global shipping industry and drive the market for helideck monitoring systems over the forecast period. However, digitization of maritime sector raises concern related to cybersecurity.
Key players adopted product innovation and merger and acquisition strategies to expand their product portfolio and to gain competitive edge. For instance, in November 2017, RH Marine launched new generation monitoring and control system at Europort Rotterdam. In addition, in August 2013, Vaisala acquired Second Wind Systems Inc., a U.S. based company specialized in remote sensing and data services for wind energy. Manufacturers are offering technology solutions to other markets as well. For instance, RigStat provides helideck monitoring systems with pre-flight weather report capabilities and SE series NDB monitoring capability.
Global helideck monitoring system market is highly fragmented. Investments in shipbuilding and increasing offshore oil and gas exploration projects are expected to create positive outlook in near future. Some of the key players operating in the market are ABB, RH Marine, Kongsberg Gruppen, Fugro, Vaisala, Miros AS, ASB Systems Private Limited, Observator Instruments, ShoreConnection International AS, RigStat LP, Monitor Systems Scotland Ltd, and AWA Marine.
Hexa Research has segmented the helideck monitoring system market report based on system, application and region:-
Segmentation by System     • Hardware     • Software
Segmentation by Application     • Commercial     • Defense
Segmentation by Region     • North America     • Europe     • Asia Pacific     • Rest of the World
Key Players Analyzed     • ABB     • RH Marine     • Kongsberg Gruppen     • Fugro     • Vaisala
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry
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U.S. Electronic Goods Recycling Market Analysis, Growth and Industry Statistics, 2015 to 2025
22 November 2018, The U.S. Electronic Goods Recycling Market size is expected to reach USD 15.23 billion by 2025. Factors such as rapid industrialization, increasing demand for automobiles and consumer electronics, and growing need to manage proper utilization of natural resources are expected to propel demand for electronic goods recycling over the forthcoming years.
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According to the Institute of Scrap Recycling Industries (ISRI), approximately 4.5 million tons of electronic waste (e-waste) is recycled in U.S. every year. Electronic goods recycling refers to conversion of electronic scrap into useful raw material. This helps maximize natural resources and minimize harmful impact on the environment resulting from e-waste. Usage of electronic gadgets has grown considerably over the past decade or so, transforming the speed and quality of communication, information gathering, and entertainment. The U.S. government is supporting the recycling industry by donating used electronic products, which can be converted into valuable products.
Positive economic conditions in U.S. are boosting consumer confidence and spending power. Rising consumer disposable income is creating significant potential for the electronics goods industry, subsequently impacting the growth of the e-waste recycling market. According to ISRI, the U.S. electronic recycling market has recorded tremendous growth over the past few years. It reached the valuation of about USD 20 billion in last few decades and employs more than 45,000 employees in the industry.
Browse Details of Report @ https://www.hexaresearch.com/research-report/us-electronic-goods-recycling-market
Electric scrap is generated from computers, audio visual components, stereo equipment, plastics from monitors, key boards, printers, and computer wires, chips and other gold-plated components, VCRs, mobile phones, and other handheld devices. This electronic waste is utilized by manufacturing industries for producing new products and components. According to ISRI, the recycling industry transforms 130 million metric tons of obsolete scrap from businesses, consumers, and manufacturers. Electronic waste made from plastic, aluminum, copper, and iron can be recycled and re-used. Companies are focusing on maximizing their profit by recycling scrap from cheaper electronic goods.
Key vendors operating in the market include Ultimate Electronic Recycling Inc.; American Iron & Electronic Goods; Armco Electronic Goods Holdings, Inc.; Commercial Electronic Goods Company. Existence of many companies is projected to improve market revenue in future. Moreover, increasing need for proper utilization of limited natural resources is expected to open up several opportunities for market players over the forthcoming years.
Companies functioning in the market are involved in collecting, processing, and recycling industry scrap and distributing it to various gadget-manufacturing companies. Key market players are concentrating on research and development activities to expand recycling process and reduce cost and time involved during reprocessing of electronic goods.
Hexa Research has segmented the U.S. electronic goods recycling market report based on type and end-user:
Segmentation by Type, 2015 - 2025 (USD Billion)     • Computer Systems     • Televisions     • Mobile Devices
Segmentation by End-User, 2015 - 2025 (USD Billion)     • Metal Wholesalers and Reprocessors      • Electronic Goods Manufacturers     • Others
Key players analyzed     • Ultimate Electronic Recycling Inc.     • Armco Electronic Goods Holdings, Inc.     • American Iron & Electronic Goods     • Commercial Electronic Goods Company     • SIMS RECYCLING LTD
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry
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Gallium Nitride (GaN) Semiconductor Devices Market Size, Application Analysis and Forecasts to 2025
The global Gallium Nitride (GaN) Semiconductor Devices Market size is expected to witness significant growth over the forecast period. Gallium nitride is a robust material that encompasses several chemical properties due to which it is suitable in the manufacturing of various semiconductor devices. The global GaN market has been facing rigid competition from Silicon Carbide (SiC) semiconductor devices sector, over the past few years. However, the popularity of the product is anticipated to grow at a fast pace on account of tremendous rise in its application markets.
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Development of new technologies and increasing application scope of the product are the key drivers of this market. GaN-based devices have tremendous applications in hybrid and electric vehicles, while expensive industrial processes are one of the key challenges for this market. Another significant factor driving the GaN semiconductor devices market is the rise in the Radio Frequency (RF) semiconductor devices industry. The RF electronics industry has marginally different needs on characteristics of its components, semiconductor devices, and electronic devices associated with other segments of the global electronics sector.
Browse Details of Report @ https://www.hexaresearch.com/research-report/gallium-nitride-gan-semiconductor-devices-market
The global Gallium Nitride semiconductor devices market is interconnected to the communications industry and involves usage of electronic devices to function at a wide range of communication frequencies, from standard frequencies to high ones, depending on the applications. Gallium nitride semiconductor material has great power characteristics, as well as high operating frequency. The product is widely used in the manufacturing of blue light-emitting diodes for Blu-ray disc players and blue laser diodes. The growth of this sector is expected to have a positive impact on the industry over the next seven years.
Among the several product applications, consumer electronics sector accounted for the largest market share over the past few years. This was attributed to wide usage of the product in LED-based display and LED-based lighting. The communication sector was the fastest-growing and second-largest application segment driven by the high product penetration in RF-based applications, including power electronics switching equipment.
Rising product demand from the industrial sector and solar power and wind energy industry is anticipated to fuel the growth of the global Gallium Nitride (GaN) semiconductor devices market over the forecast period. Rising application scope of the product in the aerospace and defense sectors, apart from Electric Vehicles (EVs), is also expected to offer numerous growth opportunities for the market development over the forecast period. These devices are much lighter, smaller, efficient, and tougher than silicon semiconductor devices.
They also work as perfect alternatives for their silicon comparable devices, which have hit the maturity stage. Several additional features offered by GaN-based devices include better stability in some radiation environments and low sensitivity to ionizing radiation. Gallium nitride devices also have a scope in high-end power appliances in the military, defense and aerospace sectors, solar cell arrays, and in satellites, which are expected to fuel Gallium Nitride semiconductor devices market growth over the next few years. The market also has enormous revenue potential in transportation and automotive sector, mainly in the Hybrid Electric Vehicles (HEV) and EV segments of the industry.
There are a few major companies present in the global market. However, the number is anticipated to grow over the forecast period, with numerous start-ups and semiconductor industry giants entering into the field. Presently, the GaN power semiconductors market accounts for less than 1.0 % of the global power semiconductors market. However, electronics and power semiconductors companies are anticipated to enter this new value chain, thus rapidly increasing its percentage share.
North America, Asia Pacific, Middle East and Africa (MEA), Europe, and Latin America are the major regional markets. The North America, Asia Pacific, and Europe regions account for the maximum market share. Europe and North America are the chief establishment base markets. These regions lead in investments, innovation, company activities, and product developments due to which these markets would register a faster CAGR as compared to Asia Pacific, excluding Japan, over the next few years.
Japan is anticipated to have the significant market share and lead the GaN wafer market over the forecast period. The market in Japan is driven by the upsurge in applications and numerous developments in the semiconductor industry. Japan plays an important role among all geographical regions, regarding distribution, and being headquarters to several key companies in this country. Few of the foremost companies in Japan include ROHM Company Limited, Toyoda Gosei Limited, Renesas Electronics, Toshiba Corporation, and Nichia Corporation.
Some of the key companies in the global gallium nitride semiconductor devices market include Toshiba Corp., NTT Advanced Technology Corporation, International Quantum Epitaxy Plc, Fujitsu Ltd., Mitsubishi Chemical Corporation, Cree Incorporated, EPIGEAN NV, Texas Instruments, RF Micro Devices Incorporated, AZZURRO Semiconductors AG, Koninklijke Philips N.V., and Aixtron SE.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry
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Gesture Recognition Market Research and Growth Rate Report, 2014 to 2024
The global Gesture Recognition Market to reach USD 21.10 billion by 2024, driven by an increasing demand for automation to provide the convenience of use to the consumer. Other attributes such as seamless use, user-friendly interface and high accuracy are anticipated to propel the growth of the market over the projected period.
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North America was the largest market for gesture recognition due to the presence of a large-scale gaming sector. High demand for the latest innovations in digitalized electronics is anticipated to drive the growth. However, countries such as China, India and Japan are likely to drive the Asia Pacific industry growth at a CAGR of 32% over the projected period.
Conventional technologies such as 2D are fast being replaced by 3D in numerous consumer applications such as televisions, gaming consoles and laptops. The availability of a large number of games with virtual & augmented reality is expected to propel the growth of the market. Gaming consoles accounted for over 50% of the market share, and this trend is expected to continue over the next few years.
Browse Details of Report @ https://www.hexaresearch.com/research-report/gesture-recognition-market
Gaming apps for sports and dating are expected to witness the highest growth on account of their ability to provide consumers with a real-life experience due to complete body movement mapped with skeletal models. Apps such as Tinder and Pokemon Go have gained tremendous popularity since their launch, and this trend is expected to continue over the projected period.
Increasing integration of gesture recognition with augmented reality is poised to drive market growth over the expected period. Moreover, expanding application scope in automotive & healthcare sectors is likely to propel the growth of the gesture sensing industry. For instance, in May 2017, Skoda launched Karoq which boasts of various features that are controlled by gesture recognition.
Companies such as Intel, Microsoft, Samsung, Sony and SoftKinetic are some the key players in the global touchless sensing industry. Some of these players including Samsung and Sony are incorporating the gesture recognition software in their products such as mobile phones and televisions.
The global market is anticipated to witness growth over the projected period on account of rising consumer demand for consumer electronics. High disposable income of consumers coupled with frequent launches of advanced electronics is likely to fuel the growth of the market over the projected period.
Hexa Research has segmented the global gesture recognition market based on technology, applocation and region:
Segmentation by technology, 2014 - 2024 (USD Million) • 2D • 3D
Segmentation by application, 2014 - 2024 (USD Million) • Tablets & Notebooks • Smartphones • Gaming Consoles • Smart Televisions • Laptops & Desktops
Segmentation by region, 2014 - 2024 (USD Million) • North America     • U.S. • Europe     • UK     • Germany • Asia Pacific     • China     • India • Central & South America • MEA
Key players analyzed • Intel • Microsoft • Sony • Samsung • ArcSoft • PointGrab • SoftKinetic • CrunchFish • Google Inc • EyeSight
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/electronic-devices-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Website - https://www.hexaresearch.com/
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E-cigarette Market Growth and Future Outlook Report, 2014 to 2024
The global E-cigarette Market is set to reach USD 44.55 billion by 2024, driven by the rising consumer demand for resource competent vaping products. The growth for e-cigarette market is prominently being driven by growing health awareness and environment-friendly usage. Need for the alternative product as a result of rising taxes on traditional cigarettes (tobacco rolled) and its products has been one of the factors driving the growth of the electronic cigarette industry.
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Emerging factors such as increasing awareness about harmful effects of traditional cigarettes, improving lifestyle, and growing e-commerce business are expected to upsurge the growth of the market for the forecast period. In addition, various mergers and acquisitions are also expected to fuel the market growth. For instance, in 2012, a merger took placed between tobacco giant Lorillard and U.S.-based e-cigarette company Blue Ecigs, which helped them to roll out their own brands by leveraging the technology possessed by Blu Ecigs.
The e-cigarette vendors are introducing a variety of flavors which differs from menthol to the fusion of fruits and flavoring substances. These flavors are becoming a differentiator for vendors.
Browse Details of Report @ https://www.hexaresearch.com/research-report/e-cigarette-market
The market for e-cigarettes in North America and Europe is projected to grow on account of increase in disposable incomes and smokers’ population in these regions. Asia Pacific market was valued at USD 946.2 million in 2016 and is expected to grow rapidly during the forecast period. The growth of the market in Asia Pacific region is subjected to factors such as product availability and increasing awareness regarding the ill-effects associated with traditional (tobacco rolled) cigarettes in countries such as India, Malaysia, and China.
The electronic cigarettes market has been segmented on the basis of products such as modular, rechargeable and disposable e-cigarettes. Among these, modular e-cigarettes are popular among consumers, followed by rechargeable and disposable. Modular e-cigarettes provide flexibility in flavors, besides improved inhaling experience which gives greater satisfaction to the user.
Companies are focusing on diversifying their portfolio by offering flavors, aesthetic properties, and nonhazardous ingredients to end users. By acquiring Lorillard in 2014, Reynolds American has become largest vendor in the North American market. The acquisition created a competition to Altria, a well-established player in the market. The deal united some notable cigarette brands, such as American Spirit, Pall Mall, Newport, and Camel.
Hexa Research has segmented the global e-cigarette market based on product and region:
Segmentation by product, 2014 - 2024 (USD Million) • Disposables • Rechargeable • Modular
Segmentation by region, 2014 - 2024 (USD Million) • North America • Europe • Asia Pacific • ROW
Key players analyzed: • Altria Group Inc. • British American Tobacco Plc. • Japan Tobacco Inc. • Imperial Brands Plc. • Phillip Morris International Inc. • Reynolds American Inc. • VMR Products LLC • Nicotek LLC • Njoy Inc. • International Vapor Group
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/electronic-devices-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Website - https://www.hexaresearch.com/
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Microcontroller Market Analysis, Growth Rate and Forecast, 2012 to 2020
Global Microcontroller Market is estimated to be valued at USD 26.9 billion by 2020, as per a new research report by Hexa Research. Growing demand in key application areas such as automotive, consumer electronics and healthcare are expected to boost industry growth over the forecast period. Price reduction and quality enhancement may be achieved with the increasing deployment in healthcare industry. Moreover, increasing consumer awareness regarding energy efficient hybrid electric vehicles is likely to favor growth prospects. 
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Proliferation of smart grid systems is expected to drive microcontroller market growth over the forecast period. These systems consist of digital communication and remote-control facility, which in turn increases the demand of microcontrollers globally. However, economic slowdown in the industry is likely to pose challenges to industry participants. 
Browse Details of Report @ https://www.hexaresearch.com/research-report/microcontroller-industry/
32-bit microcontroller was the leading product segment, with revenues reported at USD 6,658.1 million in 2013. Reduction in unit prices is responsible for the increase in demand. In addition, it is embedded in higher processing capabilities devices which are also spurring the demand for this product segment. 16-bit microcontroller was analyzed to be the second largest product segment and accounted for over 31% of the total revenue in 2013, growing at an estimated CAGR of 7.1% from 2014 to 2020. 
Key report insights suggest:
- Global microcontroller unit shipments were estimated at 17,393.6 million units in 2013 and are expected to register 39,108.5 million units by 2020, growing at an estimated CAGR of 12.3% from 2014 to 2020.
- Asia Pacific microcontroller market dominated the regional demand with an estimated market share of 38.2% in 2013. It is also expected to be the fastest growing region, growing at a CAGR of 7.8% from 2014 to 2020. Increasing adoption of microcontrollers across various application segments including HVAC, energy, and mobile phones is expected to drive the regional demand.
- Automotive industry dominated the demand with an estimated market share of 33.8% in 2013. This industry is also expected to be the fastest growing application segment, growing at a CAGR of 13% from 2014 to 2020. Increasing acceptance of electric and hybrid vehicles utilizing microcontrollers is expected to boost the market growth.
- The microcontroller industry is moderately consolidated which consist of MNCs and local manufactures present are different levels in value chain. Key companies include Renesas Electronics, Samsung, Fujitsu, STMicroelectronics, Texas Instruments, Freescale Semiconductor and Infineon Technologies among others.
For the purpose of this study, Hexa Research has segmented the microcontroller market on the basis of product, application and region:
Global Microcontroller Product Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)
- 4/8-bit
- 16-bit
- 32-bit
Global Microcontroller Application Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)
- Automotive
- Consumer Electronics
- Industrial
Global Microcontroller Region Overview (Volume, Million Units; Revenue, USD Million, 2012 - 2020)
- North America
- Europe Middle East and Africa (EMEA)
- Asia Pacific
- Latin America
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About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: [email protected] Website - https://www.hexaresearch.com/
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Kitchen Appliances Market Growth and Future Outlook, 2016 to 2024
The global Kitchen Appliances Market was estimated at around USD 179 billion in 2015. Energy and cost-efficient products can gain revenue share due to government initiative to conserve electricity consumption.
Rise in fast-paced modern lifestyle, dual income households, growing preference for modular kitchen are expected to drive the demand of kitchen appliances. Moreover, rapid urbanization and product upgrade can also contribute to market growth.
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Increasing electricity costs and government focus to spread awareness about energy consumption can promote environment friendly and energy efficient products. Health conscious and geriatric population requires kitchen appliances that require less oil. The penetration of these appliances in the market can further propel industrial growth. The kitchen appliances market is divided into products, fuel type, product structure, applications, and regions.
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By products, the market is segmented into dishwasher, refrigerator, cooking appliance, and other appliances. Refrigerator accounted for over 40% of overall revenue share. It is expected to grow at a CAGR of around 5% till 2024.
Fuel types comprise of electricity, cooking gas, solar energy, fuel wood, biogas, and renewable energy. On the basis of product structure, the industry is bifurcated into built-in and free-standing appliances.
Applications are split into commercial and residential. Commercial refrigerators are widely used in supermarkets, convenience stores, restaurants specialty food stores, grocery stores, and cafeterias. Residential segment was valued surpassing USD 100 billion in 2014. It is expected to be the leading sector in the coming years.
Regions encompass North America, Asia Pacific, Europe, and the Rest of the World (RoW). North America is likely to dominate global revenue in the coming years.
Asia Pacific kitchen will witness a considerable growth due to the rise in the middle-class population. The ‘Make in India’ program established by the Indian government can further boost the market competitors and growth in the region in the coming years.
Some of the major industrial players are Samsung Electronics, Whirlpool Corporation, Haier Group, LG Electronics, and Morphy Richards Limited. Development strategies include acquisition and product launch. Acquisition helps companies share technological requirements. Electrolux introduced an in-oven Cam prototype, which is an oven with a built-in camera to monitor food.
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Website - http://www.hexaresearch.com/
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Parking sensors Market Analysis and Segment Forecasts to 2020
A new study by Hexa Research estimated that the global Parking Sensors Market was worth more than $2,500 million in 2012. Parking sensors assist drivers in parking their vehicles and alert them in case of an obstacle. They prevent pedestrian injury. Increasing space crunch and altered dimensions of common cars are paving the way for higher demand of parking sensors.
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Based on technology, Hexa Research segments the total global parking sensors market into ultrasonic and electromagnetic sensors. Ultrasonic parking sensors contributed to more than 65% of the total market share in 2012. They are likely to continue market dominance in the coming years. However, electromagnetic parking sensors will witness faster growth with a CAGR of more than 19% from 2013 to 2020. These sensors retain the aesthetic appeal of the vehicle and are self diagnostic. They also come with a maintenance system.
Approximately 80% of the market comprised of installations made by Original Equipment Manufacturers (OEMs). They offer better construction and fitment and are therefore highly preferred. These installations are priced much higher than those available in the aftermarket segment, thus contributing to higher overall revenues.
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Hexa Research observed that North America, with more than 38% share, was a leading region in the global parking sensors market in 2012. The region is expected to continue its leadership in future owing to regulatory initiatives. European region will generate demand for parking sensors in future due to rising sales of top-end vehicles that are fitted with high-quality parking sensors. Asia Pacific is likely to account for the fastest rise in future and will grow at a CAGR of 20% from 2013 to 2020.
Key market operators in the global parking sensors industry are Texas Instruments, Inc., Audi, Freescale Semiconductor Ltd., Continental AG, Volkswagen, etc. The market includes both, manufacturers of parking sensors and OEMs.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/sensors-and-controls-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Website - https://www.hexaresearch.com/
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Barcode Printers Market Overview, Trends and Future Outlook, 2016 to 2024
The global Barcode Printers Market value is projected to grow beyond USD 3.8 billion by 2024. Barcode printers are specialty printers which facilitate the printing tags or barcode labels that are openly printed on or connected to physical objects. They are usually used to tag cartons or retail objects with European Article Numbers (EANs) or Universal Product Codes (UPCs) prior to shipment. They also find usage in printing barcodes on wristbands for individual recognition in hospitals or events.
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Key products are industrial printers, desktop printers, and mobile printers. Mobile printers are mainly used by organizations’ sales employees for tickets, printing receipts, and labels, irrespective of the place and name. Desktop printers can be used for printing low to mid-volume labels, wristbands, receipts, and barcode. Industrial printers can also be used for high volume purpose counting order labeling and warehouse labeling. They are intended to function 24/7 in callous environments for mission critical operations.
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Several print technologies are accessible in the barcode printers industry, that can be bifurcated into two chief groups, that is, impact and non-impact printing methods. Impact printing consists of drum printers and dot matrix, while non-impact printing involves laser printers, direct thermal, thermal transfer, and inkjet printers. Conversely, dot matrix segment is said to be the inexpensive technique for creating low to medium density on-site barcodes using numerous dots printed in matrix figure to make a sequence of lines and spaces. Inkjet printing finds usage in settings where high production of barcodes is necessary at a quicker pace.
Based on end-users, the market has been sliced into healthcare, shipping, retail, government, manufacturing, retail, and shipping. Barcode printers in healthcare sector are used for issuing wristbands and tags that assist in patient recognition and tracking services, specimen labeling, and point of care (POC) medicine administration. Barcodes, in manufacturing sector are used for inventory labeling used to establish inventory control and allows work-in-progress (WIP) tracking.
North America and EMEA are anticipated to lead the barcode printers market in the coming years owing to improved demand from the U.S. and Western European nations. Key market players in the barcode printers market include Toshiba Tec, Zebra Technologies, Honeywell Scanning & Mobility, Avery Dennison, and SATO Holdings Corporation.
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Commercial Drone Market Analysis and Forecasts, 2022
Global Commercial Drone Market size is estimated to reach USD 2,069.6 million by 2022, as per a new research report by Hexa Research. Increasing application of these machines in various industry sectors such as military, agriculture and energy among others is expected to drive industry demand. Growing investments in industrialized markets for technology innovation and commercialization is likely to provide opportunities for future applications in the commercial drones market.
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Drones are being increasingly used for commercial purposes such as delivering products to customers without hiring a driver. For instance, Dominos adopted these machines in order to deliver food items. In addition, solar powered drones with five years airborne capacity are increasingly used as mobile access points to provide internet access in remote areas. Media and entertainment industries are expected to fuel the demand considerably owing to its small size and flying capability. These machines are also used in real estate industry to capture aerial shots of the infrastructure.
Browse Details of Report @ https://www.hexaresearch.com/research-report/commercial-drone-market/ 
Rotary blade accounted for over 75% of the overall industry share in 2014. It is expected to dominate the industry due to its fixed position hovering and multi-directional flying capability. Nano drone was valued at USD 38.7 million in 2014 and is projected to witness highest growth rate over the forecast period. This spur can be addressed to its portability and efficient application in security and photography activities
Event organizers are increasingly using drones for safety and proper crowd management. Growing usage in law enforcement activities is projected to fuel the demand. It is mainly used to gather evidence and also investigate crime scenes by capturing high definition videos as well as photos.
Strict government norms regarding safety and privacy concerns are anticipated to hinder the industry growth. Scarcity of trained pilots in the industry owing to lack of training and career opportunities pose as a key challenge to the industry demand. Commercial drones are anticipated to witness significant growth opportunities due to increasing demand from agriculture industry for crop management to augment yields.
Key report insights suggest:
- Global commercial (UAV) drone market was valued at USD 552.0 million in 2014 and it is likely to reach USD 2,069.6 million by 2022 growing with an estimated CAGR of 16.9% from 2015 to 2020.
- North America captured majority of the market share and dominated the regional demand owing to high production and increasing applications in commercial sectors. Asia Pacific was valued at USD 117.8 million in 2014. The region is expected to witness significant growth due to prominent use of drones for agricultural purposes.
- Agriculture accounted for 24.13% of the overall industry share in 2014. It is projected to be valued at USD 557.8 by 2022 owing to crop monitoring activity for enhancing yield. Government sector was value at USD 245.4 million in 2014. It is likely to reach USD 846.1 million by 2022 growing at a CAGR of 15.6 % from 2015 to 2022 over the forecast period.
- The commercial drone industry consists of top three participants occupying majority of the industry share. DJI Innovations dominated the industry with over 43% share in 2014. Key industry players encapsulate Parrot SA and AeroVironment Inc among others.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/electronic-security-systems-industry
About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018United States Phone: +1-800-489-3075 Email: [email protected] Website - https://www.hexaresearch.com/
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Airport Security Market Strategies and Forecasts, 2016 to 2024
The worldwide Airport Security Market was valued over USD 8.4 billion in 2014. It is expected to be around USD 13.4 billion by 2024 (2016 to 2024 - forecast period). Increase in air travel should drive the need for well-organized security systems. These systems comprise software for better monitoring, detection, & risk prevention. Terrorism and crimes have encouraged worldwide governments to make airport security stricter and keep the same a higher priority.
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Diverse & innovative solutions and technological advances have driven the airport security market. Augmented demand for more effective screening to decrease ‘passenger’ hassles & enhance safety is also anticipated to propel market growth in the near future. New infrastructural developments & airport constructions provide growth prospects to the market.
Governmental mandates have driven innovative safety systems, thus propelling market revenues. Conversely, ‘economic turmoil’ leading to deficiency in funds for new developments & constructions can hinder the market. Also, the up gradation of old airports is likely to hamper market flow. High costs of new technologies may prevent market growth.
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Suppliers and distributors execute a pivotal role in procuring small products;   like access controls, CCTV cameras, and hand-held devices. Large-size equipments, such as road-blockers or bollards, x-ray scanners, and detectors are obtained directly from vendors on lease or purchase orders. The airport security market is divided into technologies and geographies.
Technologies include access controls, screening, cyber security, surveillance, perimeter security, and others. Access controls comprise keypads, card readers, vehicle controls, and biometric authentication.
Screening occupied more than 45% shares in 2015. It encompasses full body scanners or metal detectors, human pat-down searches, hand-held detectors, and walk-throughs.
Large passenger volumes have boosted advanced screening systems; like back-scatters, X-ray technology, and millimeter wave. Cyber security technology protects critical data and IT infrastructure. These details are crucial for computer reservation & global distribution systems. They are also important for air traffic control information systems.
The said segment would experience the fastest growth till 2024. Its growth can be attributed to innovative technologies and novel trends; such as IoT (Internet of Things), cloud storage, and Big Data.
Geographies consist of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). North America dominated the market in the recent past. Middle East and Asia Pacific are predicted to contribute global market sales. Regional expansion owes to rising infrastructural developments and passenger volumes.
Threats to the aviation industry from criminals and extremist groups have emphasized the need for improved, well-maintained, and advanced security systems. In late 2013, the ‘International Air Transport Association’ (IATA) and ‘American Concrete Institute’ (ACI) jointly signed a memorandum to develop ‘Smart Security’ or ‘Smart S.’ 
‘Smart S’ was an initiative focused on enhancing the efficiency, safety, and experience of airport passengers. The global airport security market is consolidated, fragmented, diversified, and competitive. Some of its key players are American Science & Engineering, L-3 Security & Detection, Safran Morpho, and Smiths Detection.
American Science & Engineering generated about 50% of the total incomes in 2014. Collaborations and agreements are the frequent strategies through which competitors try to gain an edge over others.
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Compressed Air Treatment Equipment Market Size, Industry Analysis Report, Competitive Market Share & Forecast To 2024 | Hexa Research
The global Compressed Air Treatment Equipment Market size is projected to grow at a healthy CAGR of 6.3 % during the forecast period (from 2016 to 2024). It may surpass USD 11 billion by 2024. Surging demand for compressed air treatment systems across various applications is projected to drive the market. Compressed air treatment systems are utilized by a number of companies globally. This in turn has increased the number of air treatment equipment installations worldwide. The need for such installations arises from the strict implementation of air quality standards in the target application areas. This could boost the global market in the forthcoming years.
A number of regulatory standards and mandates have been created to support the production & use of clean air. Industry trends suggest that this could contribute significantly to global demand. However, the uninterrupted supply of compressed air production facilities calls for regular maintenance. Equipments for compressed air treatment are generally quite expensive. Furthermore, their energy consumption is also very high. These are a few factors that may hinder the demand for compressed air treatment equipment in the years to come. However, technological advancements and the popularity of energy efficient equipment across numerous applications can create avenues for further growth.
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https://www.hexaresearch.com/research-report/compressed-air-treatment-equipment-market
The global Compressed Air Treatment Equipment Market is divided into applications, products, and regions. The product segment includes dryers, filters, aftercoolers, and others. Different kinds of dryers include deliquescent dryers, desiccant air dryers, refrigerated dryers, and membrane dryers. Moisture separators, particulate filter/pre-filter, adsorber filter/oil vapor removal, coalescing filter/oil removal, high-temperature afterfilters, and filtered centrifugal separator are the various kinds of filters that are commonly used in the industry.
Dryers are expected to dominate the product segment during the forecast period. They are an essential part of any air compressor equipment since they effectively remove moisture & water droplets present in the system. The adsorber filters segment may also witness significant growth from 2016 to 2024. This owes to the ability of these filters to easily siphon any gases or chemicals present in the compressed air.
As per applications, the Compressed Air Treatment Equipment Market is segmented into process air, plant air, breathing air, and instrument air. The demand for process air is likely to remain strong throughout the forecast period. Its key end users are food & beverages and pharmaceutical industries that need dry, oil-free, and sterile air. Medical compressed air is applied extensively in the healthcare sector in areas, such as assisted respiration. Hence, demand from the breathing air application segment could propel the global Compressed Air Treatment Equipment Market in the near future.
Based on regions, the global industry was dominated by North America in 2013. The presence of a large number of manufacturing facilities in the region (especially the U.S.) can spur regional growth from 2016 to 2024. Asia Pacific is poised to be the second largest market, on account of rapid industrialization and focus on energy efficiency.
Prominent players in the Compressed Air Treatment Equipment Market are Parker Hannifin Manufacturing Ltd.; Donaldson Company Inc.; Gardner Denver Inc.; Atlas Copco Corp.; Van Air Inc.; and Kaeser Compressors. The development of cost-effective & technically advanced compressed air treatment systems is a key determinant of market success for these companies.
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Website - http://www.hexaresearch.com/
Visit our Blog: https://hexaresearchinc.wordpress.com/
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Automotive Electronics Control Unit Market Size, Industry Analysis Report, Competitive Market Share & Forecast To 2024 | Hexa Research
The global Automotive Electronics Control Unit Market is estimated to report USD 53.91 billion by 2024 from USD 35.1 billion in 2016 expanding at a CAGR of 6.7% from 2016 to 2024. Factors that fuel this industry are widespread deployment of ECUs in electric vehicles and the popularity of infotainment systems. Surging demand for electric vehicles is fuelled by ecological concerns and high focus on energy efficiency of vehicles. Shift of focus towards green technologies propels the demand for driver-assist systems. This reduces the excessive dependency on fossil fuels and also controls CO2 emissions. The growing popularity of electric vehicles is another key factor that will fuel this industry in the forthcoming years.
The preference for sophisticated systems in mid-sized vehicles, such as navigation and high-end communication systems will create opportunities for expansion of this industry. Increasing R&D expenditure aimed at the production of cost-efficient components for various ECUs will fuel market demand. However, owing to complexities in the consolidation of automotive domains, this market is likely to face certain bottlenecks.
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The global automotive ECU market is categorized on the basis of applications and geography. Based on applications, the divisions are powertrain, chassis electronics, safety & security, entertainment, and communication & navigation. The communication and navigation segment will expand significantly owing to surging demand for sophisticated in-car features, eco-efficiency, and in-car data storage.
Powertrain will witness strong growth because of changing environmental trends. Expanding at a CAGR of 5.6% during the forecast period 2016-2024, chassis electronics is expected to reach USD 11.62 billion by 2024 from USD 8.03 billion in 2016. Safety system encompasses tire pressure monitoring systems, pre-crash safety systems, anti-theft systems, keyless entry systems, and airbags. It protects consumers and vehicles from risky situations and thefts, respectively.
Ongoing industry trends depict that the communication and navigation segment will expand robustly during the forecast period.
Geographically, the automotive ECU market is categorized into North America, Europe, Asia Pacific, and Rest of the World. Europe is anticipated to be the fastest growing market because of the leading position that it holds in the luxury cars market. Other factors driving the Europe market are demand for navigation systems and popularity of telematics. Exponential growth of the logistics industry further fuels the growth. The North America market will be affected by the sluggish adoption of newer technologies. Owing to the growing popularity of safety systems coupled with the China V standard meant for light-duty vehicles, Asia Pacific will record significant growth.
The prominent companies operating in the global automotive ECU industry are Bosch, Delphi, Continental AG, Denso, and Hitachi Automotive. This industry is characterized by frequent mergers and acquisitions aimed at increasing market share. Companies opt for business ventures mainly for increasing their regional presence and also for broadening their product portfolio.
With an aim towards acquiring a loyal customer base and significant market share, Continental AG focuses on innovation, market intelligence, and superior product quality. Followed closely by Denso and Bosch, this market is led by Continental AG. ConnectedDrive, designed by BMW provides a variety of apps for downloads. This in turn reduces the need for developing hardware and new systems, thereby enhancing the scope of the current infotainment system. It is anticipated that embedded cellular link will create more services for upgrading and connecting the ECU software programs in automobiles.
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Website - http://www.hexaresearch.com/
Visit our Blog: https://hexaresearchinc.wordpress.com/
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