LED Driver Market Size Worth $11.31 Billion By 2025

The global LED driver market size is expected to reach at USD 11.31 billion by 2025, according to a new report by Grand View Research, Inc. The light-emitting diode driver market is projected to expand at a CAGR of 16.3% over the forecast period. LEDs have emerged as an energy-efficient alternative to traditional light sources in the last decade; thus, they have extensive demand in lighting and display segments across several industries. LED lighting is replacing the traditional lighting products due to their benefits, such as longer life, higher energy-efficiency, miniaturization, lower heat output, and directionality.

Moreover, rising demand for IOT-based connected lighting solutions due to the rising number of smart homes in developed countries will contribute to the LEDdrivermarket growth. Furthermore, governments of various countries have launched Smart City initiatives to improve the energy-efficiency of populated cities, which is anticipated to boost the market further. Demand for the constant current LED driver has witnessed exponential growth from 2015 to 2018; these drivers are widely used in high brightness and outdoor lighting applications.

The consumer electronics segment is the largest application segment in the market as LEDs have extensive demand in television and display panels applications. Many leading manufacturers are collaborating with other companies to deliver public lighting systems to cities around the world connected with remote management for energy saving and efficient maintenance. For instance, Philips Lighting N.V. has collaborated with Vodafone Limited to deploy IoT-based wireless Smart Street lighting across the globe.

There is a high demand for energy-efficient and highly reliable products with a smaller system package and lower cost for applications in the low- to mid-power range. To meet these requirements, manufacturers are incorporating Primary-Side Regulation (PSR) to lower the costs by eliminating secondary feedback circuitry and Power-Factor Correction (PFC) circuitry for higher power quality.

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https://www.grandviewresearch.com/industry-analysis/led-drivers-market

Further key findings from the study suggest:

The constant current segment is anticipated to expand at the highest CAGR of 16.7% from 2019 to 2025. These type of drivers provide greater system reliability for general lighting applications
The application lighting segment is anticipated to witness the maximum CAGR of 18.6% over the forecast period
On the other hand, consumer electronics application segment is estimated to account for the largest market share by 2025
Asia Pacific led the market in 2018 and is projected to maintain the dominance throughout the forecast years due to stringent regulations across region, which fuel the demand for efficient lighting solutions
Key industry participants include AC Electronics; Atmel Corp.; Cree, Inc.; General Electric Company; Koninklijke Philips N.V.; Lutron Electronics Co.; On Semiconductor Corp.; and Osram GmbH

Microcontroller Market Size Worth $47.7 Billion By 2027

The global microcontroller market size is predicted to attain USD 47.74 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 10.8% over the forecast period, owing to the increasing focus on automation and Artificial Intelligence (AI) across various verticals such as automotive and industrial. Globally, more than 30 billion Microcontroller Units (MUCs) were shipped in 2019. Increasing demand for embedded control systems in multifunctional devices, such as vehicles, robots, medical devices, mobile radio, and residential appliances, is also playing a principal role in driving the market. The growing use of consumer electronics in day to day lives is anticipated to drive the need devices with higher performance and greater functionalities. Microcontrollers would play a crucial role in the development of such devices leading to the market growth.

Rising need for agility and flexibility in the industrial ecosystem due to the reducing product lifecycles is expected to further spur the demand for MCUs. The consumer electronics segment has also witnessed a significant growth owing to innovative technological developments such as wireless sensing and connectivity, automation, along with the emergence of Internet of Things (IoT) ecosystems in homes. Many market players are developing products with state-of-the-art architecture to make them compatible with such devices. Miniaturization of microcontrollers and the delivery of high performance with extremely low power usage are some of the key advantages offered by some of the new microcontroller units.

Rising demand for devices supporting Ethernet and IoT is also expected to impact the demand for microcontrollers over the forecast period favorably. The demand for MCUs integrated with wireless interfaces, such as ZigBee, microcontrollers, and Bluetooth, has witnessed a considerable rise. Furthermore, the rising need for wireless sensor-based networks for the controlling and monitoring of systems has enhanced the interest of companies in implementing a combination of low-cost systems. Increasing focus on the implementation of energy-efficient solutions for both discrete and process industries is anticipated to propel sustainable manufacturing in industrial automation for a more efficient process. Flexible production and asset management would also influence the factory integration, offering high potential for automation and customized solutions among industrial applications.

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https://www.grandviewresearch.com/industry-analysis/microcontroller-market

Further key findings from the study suggest:

The 32-bit microcontroller is anticipated to emerge as the fastest-growing product segment over the forecast period, owing to its ability to offer high computational power. Technological developments in the production of semi-autonomous and fully autonomous driving systems also require 32-bit microcontrollers, thus driving the growth of the product segment
The automotive application segment dominated the global market in 2019 and is estimated to witness a CAGR exceeding 11% over the forecast period. Increasing demand for enhanced safety features, convenience functions, and entertainment systems, along with government regulations on emission control are driving the segment growth
North America is expected to maintain its dominance over the forecast period. The use of microcontrollers for smart energy management and photovoltaic systems is expected to be the significant factor contributing to the regional growth
Asia Pacific microcontroller market is anticipated to witness substantial growth over the forecast period, owing to the rapidly growing consumer electronics sectors, as well as the presence of major market players, such as Yamaichi Electronics Co., Ltd and Fujitsu Semiconductor Limited
Factors such as the Brexit and U.S.-China trade war have led to declining market conditions. New American tariffs on Chinese goods and slowdown in the Chinese economy are the major factors affecting the steady growth of the market
Key market players include Infineon Technologies AG; Microchip Technology Inc.; NXP Semiconductor; Renesas Electronics Corporation; STMicroelectronics; and Texas Instruments Incorporated

Flexible, Printed & Thin Film Battery Market Worth $67.1 Billion By 2025

The global flexible, printed and thin film battery market size is expected to reach USD 67.1 billion by 2025, accelerating at a CAGR of 39.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising adoption of wearable devices including watches, smart glasses, and fitness trackers is likely to strengthen the growing demand for flexible, printed and thin film battery over the forecast period.

The market is primarily driven by increasing demand for small, flexible, thin, and low-weight devices with higher lifetime and efficient micro energy storage capacity. Growing adoption of such printed, flexible battery in medical applications, consumer electronics, smart cards, and sensors is further expected to complement the growth of the industry. Furthermore, advancements in wearable sensor technology, IoT innovation trends, and mobile cloud computing are expected to positively impact market growth over the forecast period.

Most wearable applications such as smart devices and smart fabrics require flexible, ultra-thin, durable battery, which, in turn, is boosting the product demand. Smart cards application segment accounts for a significant share of the market. Transaction security, logistics, material management, access control, and inventory tracking are the key application areas of smart cards. Flexible, printed and thin film batteries are extensively used in several medical applications including printed batteries for transdermal skin patches and micro-power thin film batteries for disposable healthcare devices. The penetration of thin film, lightweight batteries in medical devices is estimated to register a significant growth rate due to the increasing demand for portable medical equipment.

Industry participants are focusing on advanced manufacturing techniques to increase product penetration in the market. For instance, Europe-based Imec manufactures a 3D thin-film battery constructed over a structured substrate instead of a planar substrate to provide enhanced energy density and usage of low ionic conductivity electrolyte materials. This technique is expected to aid in lowering the per-unit cost of flexible, printed and thin film batteries, which may otherwise hinder the market growth.

Collaborations between electronic manufacturers & battery manufacturers are likely to fuel the growth of consumer electronics segment. Declining cost of rechargeable batteries is expected to further drive the market growth in low-power applications such as smart cards RF-ID tags. In Asia Pacific, China occupies the largest share in printed, thin film batteries market owing to rising adoption of IoT along with the growing demand for portable electronic devices.

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https://www.grandviewresearch.com/industry-analysis/flexible-printed-thin-film-battery-market

Further key findings from the report suggest:

Wearable devices segment grabbed the largest revenue share of the market and was valued at USD 2.0 billion in 2018 owing to the rapid advancements in wearable technology
Consumer electronics is likely to be the fastest-growing segment, escalating at a CAGR of 39.6% over the forecast period owing to large consumer base for electronic industry globally
Rechargeable segment is anticipated to attain significant value of USD 32.3 billion by 2025 owing to increased use of rechargeable batteries in portable consumer electronic devices
The flexible, printed and thin film battery market in Asia Pacific was valued at USD 2.0 billion in 2018 and is likely to witness substantial growth rate owing to an increase in manufacturing of electronics in emerging countries
Enfucell, BrightVolt, STMicroelectronics, Cymbet, Blue Spark Technologies, Imprint Energy, Printed Energy Pty Ltd., Jenax Inc, Ilika, and Excellatron are some of the significant participants of printed, flexible, thin film battery industry.

U.S PMMA Film And Sheet Market Size Worth $1.11 Billion By 2025

The U.S. polymethyl methacrylate film & sheet market size is expected to reach USD 1.11 Billion by 2025, according to a new report by Grand View Research, Inc. The proliferation of high-speed internet has driven online retail and shopping trends, positively impacting the demand for LED displays and communication signage in physical retail stores, to compete with these virtual outlets.

What Is PMMA?

PMMA (poly (methyl methacrylate)), commonly known as acrylic, is a transparent thermoplastic that is generally used as a lightweight-shatter-resistant glass alternative. PMMA has various other names such as acrylic glass and plexiglass, and is sold under various brand names such as Plexiglas, Lucite, Perclax, Crylux, Acrylite and Perspex. The material is formed through the polymerization of methyl methacrylate (MMA) monomer. Besides being a glass-alternative, it can also be used as a casting resin, or in coatings and inks.

Innovations such as anti-algae coatings, non-yellowing sheets that offer high protection against UV and rain, and unusual design flexibility offered for construction applications have also contributed to industry growth in recent years. Among all the thermoplastics, this particular plastic possesses the highest surface hardness and is different from conventional plastics owing to its unique properties such as high transparency, UV resistance, high durability and recyclability.

Properties & Manufacturing

PMMA is completely recyclable as it can be broken down into its constituent parts by using the special thermal process. The product is heated to around 400 degrees Celsius to obtain the staring material methyl methacrylate (MMA). On distillation of the liquid MMA to over 99% purity we get the original material back which can be used again as a starting material. It is an economical alternative for polycarbonate, in matters of flexural strength, tensile strength, UV tolerance and transparency. Another advantage over polycarbonate is that PMMA does not contain bisphenol-A subunits, which are potentially harmful.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-polymethyl-methacrylate-pmma-film-sheet-market

Further key findings from the report suggest

The automotive and advertising sectors have seen growth in the popularity of bio-based PMMA, on account of the low toxicity of PMMA and its high biodegradability.
There has been heavy spending in the construction sector in the United States, as there has been further improvement in the living standards owing to decreasing unemployment. This again has contributed to the demand growth for the product.
Another area where PMMA films and sheets have found heavy usage is defense and aerospace, and with the U.S. being a heavy spender in these areas, the product is expected to witness high demand.
PMMA sheets and films offer high design flexibility and scratch resistance, and this is again conducive to its growth in the region, with the U.S. being a leading vehicle manufacturing region.
The major market players include Evonik Industries, Arkema Group, Lucite International, Unigel Group, Plazit-Polygal Group, PolyOne Corporation, SABIC and Plaskolite.

Wireless Charging Market Worth $22.25 Billion By 2022

The global wireless charging market is projected to reach USD 22.25 billion by 2022. Increase in the demand for hassle-free charging pads is driven by factors including entangling of charging cable, insufficient availability of electric sockets in public places and malfunctioning ports due to continuous usage. These key factors are expected to increase the popularity of wireless power systems. Adoption of this technology in sectors such as healthcare and military services is expected to offer new horizons for market growth and provide new opportunities to expand.

Compatibility issues with solution standards set up by wireless charging associations, namely Wireless Power Consortium (WPC) and Air Fuel Alliance, are expected to pose a challenge for the manufacturers and distributors over the coming years. Key market players including Samsung, Qualcomm, and Broadcom act as members of these associations and play a vital role in the development of innovative technologies.

Inductive technology dominated the market with a share of over 50.0% in 2014 owing to increasing demand from Electric Vehicles (EVs) and widespread application of WPC’s Qi platform in consumer durables and electronics.

RF technologies are expected to witness rapid growth and capture market share of inductive technology over the forecast period. The major advantage of Resonant technology is its capability to charge multiple devices simultaneously thereby gaining an edge over RF technology which is tailored for small devices such as medical implants and wearables.

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http://www.grandviewresearch.com/industry-analysis/wireless-charging-market

Consumer electronics accounted for over 60.0% share in 2014 owing to increase in adoption of this technology in tablets and smartphones. The healthcare sector is estimated to witness a growth rate of over 40.0% from 2015 to 2022. Deployment of ultra-small devices such as sensory instruments and cybernetic implants into the body has become a simplified procedure owing to its ability to be charged wirelessly. Extensive R&D related to the development of new methodologies and techniques for wireless charging by numerous organizations namely Stanford University is expected to propel growth over the forecast period.

Asia Pacific accounted for a significant share of the global market, which can be attributed to rising demand for smart devices such as tablets and smartphones and increase in demand for electric vehicles in the region. Western Europe and the U.S. form the key regional markets on account of growing consumer preference and inclination to spend on quality consumer electronic products designed for the niche segment. Increasing adoption of powering mats and charging hotspots for consumers by global food chains including McDonalds and Starbucks is expected to have a positive impact on demand.

Africa and Latin America are untapped markets and are projected to observe the high adoption of wireless/cordless charging over the next seven years. The wireless charging market is characterized by huge investments by industry players to enhance and optimize existing functionalities. Key players include Qualcomm, Integrated Device Technology (IDT), PowerbyProxi, Samsung, Broadcom, and WiTricity Corporation.

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