Mini LED Market Size Worth $5.9 Billion By 2025

The global mini LED market size is expected to reach USD 5.9 billion by 2025, at a CAGR of 86.6% over the forecast period, according to a new report by Grand View Research, Inc. Amidst rapid development of Organic Light-Emitting Diodes (OLEDs), mini LEDs have gradually forayed into the industry to bridge the application and technology gap between micro LEDs, which have not been able to overcome their inherent technical hurdles, and traditional LEDs. They are being integrated into backlight modules owing to their increased color gamut and brightness level, lower response time, and improved contrast ratio.

Increasing demand for miniaturized display in consumer electronics devices is expected to positively impact industry growth over the next few years. Mini light-emitting diodes are expected to aid chip makers in gaining market share and technology penetration. Chip sizes ranging from 100 to 200 µm were commercialized in late 2018. Consumer electronics, digital signage, and industrial displays have been the early adopters of this technology. High dynamic range and power-saving capability are some of the features that make them a suitable backlight solution for next-generation displays. Key players are expected to cash in on this opportunity by providing mini LED packages.

Currently, the applications are limited to backlighting in televisions and laptops. These light-emitting diodes have the potential to alter LCDs by decreasing the performance gap with OLED displays. Miniature LEDs are expected to grow beyond these applications in the automotive, smartphone, and digital signage segments. They are suitable for curved display and notch design, and thus in the coming years, are expected to become mainstream smartphones.

Asia Pacific is one of the prominent manufacturing hubs as there are numerous China- and Taiwan-based companies involved in the development and mass production of mini light-emitting diodes. As manufacturers themselves feel that the manufacturing cost is much higher than other technologies, the focus currently hinges on cost reduction before introducing the technology into mainstream applications. Once low-cost products are introduced, miniature LEDs are expected to expand their presence in other regional markets as well.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mini-led-market

Further key findings from the report suggest:

Mini LED is expected to become one of the mainstream display technologies, and thus various vendors are reporting their developments by showcasing these products in several exhibitions and trade shows
The automotive display application segment is expected to exhibit the highest CAGR in mini LED market over the forecast period. Mini light-emitting diodes have high contrast and brightness ratio, which provide clarity in automotive displays, thereby ensuring safety and security
North America is expected to be early adopters of this technology owing to regional demand for premium gaming monitors and laptops
Innolux Corporation; Japan Display, Inc.; Everlight Electronics Co. Ltd.; and EPISTAR Corporation are some of the prominent companies working on the development of mini light-emitting diode technology and products.

Restaurant POS Terminal Market Size $25.1 Billion By 2027

The global restaurant point of sale terminals market size is expected to reach USD 25.1 billion by 2027, expanding at a CAGR of 6.8% over the forecast period, according to a new report by Grand View Research, Inc. The restaurant needs to optimize its process, starting from procuring raw material to customer feedback. Hence, the implementation of the point-of-sale (POS) terminal facilitated the management of customer, inventory, employee scheduling, table orders, and customer relationship. Moreover, the adoption of the mobile POS system increased over the recent past, primarily owing to the lower setup cost and ease of use.

According to the National Restaurant Association (U.S.), the higher preference for self-serving ordering kiosk by the customers is anticipated to be the key factor which will strengthen the business growth opportunity for the restaurant owners. It has been observed that the use of portable POS devices has been highly beneficial for the owners as they can be easily integrated and contribute towards improving operational efficiency. As the use of mobile POS systems empower the owners in establishing closer monitoring of their operations, irrespective of the location. Such benefits offered owing to the technological development in the POS terminals industry is expected to drive the market over the forecast period.

Restaurants’ POS system not only takes care of front-end operation but also helps in maintaining the back-end operation such as inventory, employee management, reservation, and queue management. Moreover, an increasing number of Quick Service Restaurant (QSR) and Full-Service Restaurant (FSR) in major cities across the world is boosting. Some of the largest QSR expanding its reach and benefiting from the installation of terminal are McDonald’s, Wendy’s, Subway, Starbucks, Pizza Hut, Dunkin’ Donuts, KFC, and Burger King. These large chains of eating houses need to streamline their everyday operation to avoid running out of stock and keep up with the increasing demand and rising number of customers at their outlets. Hence, the system helps by speeding up the ordering and payment processing while also facilitating the same service for online orders.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/restaurant-point-of-sale-pos-terminal-market

Further key findings from the report suggest:

The QSR segment is anticipated to witness the highest growth over the forecast period owing to the increasing number of QSRs and ease of managing operations to ensure quick deliveries of orders
Revenue from the swipe card machine segment is expected to reach approximately USD 5.2 billion by 2027. The growth of the swipe card machine segment is attributed to the need for facilitating quick cashless payment using debit or credit cards
The Asia Pacific region is expected to witness the highest CAGR of 8.6% over the forecast period, owing to the increasing use of card payment and rising number of fine dine and quick service restaurants across India, Japan, Vietnam, Indonesia, and South Korea
Some of the key players present in the restaurant POS terminal market are Ingenico Group; PAX Technology Ltd.; Verifone Systems Inc.; NCR Corp.; Revel Systems; Aireus Inc.; Aireus Inc; Dinerware, Inc.; Posist; EposNow; Harbortouch Payments, LLC; LimeTray; POSsible POS; Oracle Corporation; Posera, ShopKeep; Squirrel Systems; Toshiba Corp.; TouchBistro; and Upserve, Inc.

Passive Optical Network Market Size Worth $43.43 Billion By 2025

The global passive optical network market size is expected to reach USD 43.43 billion by 2025, according to a new report conducted by Grand View Research, Inc. Passive optical network equipment offers higher efficiency with better bandwidth and utilizes larger variable length packets. The telecom operators in the industry are transitioning their switches from fiber to the business to the fiber to the home and fiber to the building rollouts leading to the growth of PON equipment.

The equipment market is consolidated in nature with few major players dominating their presence in the market. Hence, mergers and acquisitions and strategic alliances are formed to recognize the transformational value of the products associated. The advancements in the networking technologies have led to the development and adoption of optical network services.

Furthermore, the increasing focus of players on upgrading the existing networks to PON for higher broadband speed and the growing number of connected devices both outside and inside the residential complexes is anticipated to proliferate the industry.

The increasing demand for energy conservation and strong optical network setup is expected to fuel the market growth. Emerging regional markets, such as Asia Pacific, offer strong growth opportunities for the technology owing to intensive bandwidth applications.

Increasing R&D and investments from private and public sectors along with factors such as exceeding data traffic are projected to be the key drivers for the industry. The North American and European regions captured a market share of over 50% owing to increasing use of passive optical network equipment.

However, short range on the operator’s premises and high installation cost at the are likely to hinder the market growth over the forecast period.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/passive-optical-network-pon-equipment-market

Further key findings from the report suggest:

Passive optical network is gaining attention in the market owing to the ability to implement a point-to-multipoint architecture
The GPON based equipment is projected to dominate the market with a CAGR of over 20% over the forecast period
Fiber-to-the-home (FTTH) applications of the market are gaining traction owing to the increasing adoption among the telecom carriers
The Asia Pacific market is expected to witness significant growth owing to increasing investments in research infrastructure
The major industry players in the PON market include Huawei Technologies Co. Ltd., Calix Inc., Alcatel-Lucent S.A., and ZTE Corporation