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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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.

Qualcomm introduced a new cordless docking station 802.11ad WiGig dock which can be used with snapdragon 820 processor and initiates powering when docked onto the station. Qualcomm entered into a tie-up with Efacec, which plans to launch powering options for electric hybrid vehicles. WiTricity has developed technologically advanced processes to charging in multiple applications including automotive, consumer electronics, medical and industrial.

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Small Arms Light Weapons (SALW) Market Worth $25.76 Billion By 2024

The global small arms light weapons market is expected to reach USD 25.76 billion by 2024, according to a new report by Grand View Research, Inc. The increasing issues on human rights and safety and security are expected to drive the demand. The increasing effects of urban warfare along with increasing terrorism incidents have also led to the development of the small arms light weapons across various regions. An increase in the urban warfare along with increased terrorist activity is anticipated to propel the market growth. The development of light-weight weapons for further enhancement of defense system is an ongoing trend in the developed countries.

Increasing criminal activities and human rights violations have resulted in the increased efforts for the technology advancements and modernization of the weapons utilized by law enforcement. The Combat Development and Integration Command’s Fires and Maneuver Integration Division of marines introduced the small arms modernization strategy which is expected to focus on updating and developing the current weapons in short-term and futuristic systems that could hit the fleet in the 2020s.

The governments of various countries are also investing their resources for the development of highly sophisticated weapon accessories such as night vision devices, laser rangefinders, weapon sights, aiming lasers, and fire control systems. High investment in the defense Research & Development (R&D) for shoulder –wired weapons made for developing a highly robust, reliable, and durable weapons system has also catapulted the demand for light weapons in military applications. The limited defense budget to boost the development of defense system is expected to hinder the market growth.

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Further key findings from the study suggest:

In 2015, light weapons market accounted for over 60% of the overall market share and is also expected to significantly growth over the forecast period. The implementation of modernization programs for police and the military forces is expected to drive the growth.
Rifles in small arms segment are expected to witness a significant growth at a CAGR of over 20% over the forecast period. The increasing interest of civilians in the shooting sports is expected to be the reason for growth.
Grenade and grenade launchers are expected to witness enormous growth in the light weapons segment owing to increased stress between countries and increased development of grenade launchers
The military application segment is anticipated to witness substantial growth and is estimated to reach over USD 13.0 billion by 2024. The widespread geographic presence of terrorism and human rights violation had led to the increased demand of light weapons market. Increased violation of civilians rights and law enforcement regulations have also triggered its growth.
The Asia Pacific SALW market is anticipated to grow at a CAGR of over 25% over the forecast period. Increasing technology and economic developments in the emerging countries such as China and India with their cross-border disputes has contributed to the growth.
Notable companies operating in the SALW market include Raytheon, Berette S.p.A., GLOCK Ges m.b.H., and FN Herstal SA

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Network Management Systems Market Worth $11.94 Billion By 2025

The global network management systems market size is expected to reach USD 11.94 billion by 2025, registering a CAGR of 10.2% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of network management systems by data centers to enhance performance and eliminate downtime risks, coupled with rising demand for high quality of services (QoS), irrespective of the industry vertical, is expected to drive the market over the forecast period.

As the global marketplace continues to expand, enterprises are increasingly getting dependent on networking resources to retain their competitiveness. As such, NMS can help in obtaining complete network visibility, monitoring operational performance, ensuring security, preventing unauthorized access, and performing predictive maintenance activities.

Soaring need for an agile and secure infrastructure to operate effectively in sophisticated business environment is predicted to stoke the demand for these solutions and services over the forecast period. Vendors of NMS solutions are also expected to witness significant opportunities over the forecast period as small & medium enterprises (SMEs) continue to deploy wireless and wired LAN infrastructure across as part of their efforts to adopt cloud-based solutions, reduce overall infrastructure costs, and ensure an easy access to data.

Prominent players in the network management software market are particularly promoting their cloud-based NMS solutions by establishing partnerships in response to customers’ demands for robust, scalable, and flexible solutions. For instance, in 2017, Riverbed Technology, Inc. established a partnership agreement with Huawei Technologies Co., Ltd to provide Huawei CloudEPN with Riverbed SteelHead combined solutions that will help customers simplify network management in this cloud era. However, availability of free and open-source NMS solutions and budget issues faced by enterprises while deploying NMS are anticipated to hinder the growth of the NMS market over the forecast period.

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Further key findings from the study suggest:

North America emerged as the largest regional market with a revenue share exceeding 30.0% in 2018. Operators in the region are investing aggressively in rolling out 5G infrastructure to cater to growing demand for higher bandwidth
The Asia Pacific network management systems market is expected to progress at the highest CAGR over the forecast period owing to proliferation of smartphones, continued rollout of cellular and broadband networks, and burgeoning popularity of cloud-based solutions and services and Internet of Things (IoT)
The SMEs segment is anticipated to grow significantly over the forecast period in line with rising popularity of SDN among SMEs to streamline business processes and enhance business performance
The cloud-based segment is projected to grow rapidly over the forecast period as more and more enterprises continue to realize scalability and cost-effectiveness of cloud-based NMS solutions
Various e-health projects aimed at connecting hospitals and mobile healthcare units in order to ensure efficient and easy-to-access healthcare services to people are anticipated to propel the growth of the healthcare segment over the forecast period
Key market players, such as Nokia Corporation.; SolarWinds Inc.; and IBM Corporation, are focusing on launching innovative solutions compatible with upcoming 5G standards.

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Surge Protection Devices Market Size Worth $3.39 Billion By 2025

The global surge protection devices (SPDs) market is expected to reach USD 3.39 billion by 2025, according to a new study by Grand View Research, Inc. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.

The need for protection against lightning and voltage fluctuations has triggered the implementation of SPDs. These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure proper functioning of electrical equipment during surges caused lightning strikes. Thus, implementation of SPDs is of prime importance for any business or residential and commercial buildings.

The Asia Pacific region is one of the key regions for outsourcing services, owing to favorable government policies. This has led to a significant growth in the number of data centers across the region. As these data centers store information of high importance to the user, any failure in their functioning, due to downtime caused by an electrical surge, would lead to heavy losses. Moreover, increasing renewable energy generation projects across rural regions are further expected to bolster the use of SPDs.

The rise in disposable income has enabled the adoption of expensive consumer electronic. As these electronic products are subject to regular internal surges, it is essential to safeguard them. Furthermore, in developed regions, the well-established information technology industry is encouraging the use of surge protection devices on a large-scale for protecting electronic hardware such as data servers, desktops, and electrical supply equipment.

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Further key findings from the study suggest:

The type 2 SPD segment was valued at USD 610.1 million in 2016
The growing number of hospitals in developing economies, such as India and China, along with widespread healthcare network in developed countries, is anticipated to foster market growth
Increased electrification of rail networks, coupled with the growing popularity of electric vehicles and their required infrastructure, is predicted to boost the growth prospects of SPDs in the near future
The North American region is expected to significantly contribute to the industry growth and represented the largest market size with USD 778.3 million in 2016, owing to the widespread awareness of the benefits of SPDs
The key industry participants include ABB Ltd, Advanced Protection Technologies, Inc., G Power and Industrial Solutions Limited, Eaton Corporation PLC, Emerson Electrical Co., General Electric, Legrand S.A., Schneider Electric, Siemens AG, and Tripp Lite

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Enterprise Wearable Market Size To Reach USD 22.3 Billion By 2025

The global enterprise wearable market is expected to reach USD 22.3 billion by 2025, according to a new study conducted by Grand View Research, Inc. The high demand for enterprise wearable devices in the Asia Pacific region is anticipated to drive the industry growth over the next decade. The aging population and rising chronic diseases, such as coronary heart diseases and diabetes, in countries such as China, India, and Japan would drive the demand for wearable technology in the region.

Industry players are investing a significantly in research & development activities for product innovation, thus catering to the specific needs of the enterprise industry. They are using strategies such as acquisition, partnerships, and collaborations to maintain market competencies.

The rising enterprise applications of Virtual Reality (VR) and Augmented Reality (AR) in the following years is expected to fuel the demand for wearable devices, such as smart eye wear and head mounted devices. This growth in demand may be attributed to advancements in the VR and AR technologies, which would help increase their connectivity and enterprises’ interaction with employees and consumers.

The increasing awareness regarding health and wellness, rising aging population, and chronic diseases such as heart attack and diabetes, globally, are favorable factors expected to support the demand for wearable devices over the forecast period.

The rising demand for IoT technology, owing to its wide application in various sectors such as healthcare, manufacturing, retail, and others, is foreseen to drive the growth of the enterprise wearable market. The IoT technology, along with wearable devices, would help organizations in the development and deployment of the future generation value-added services by utilizing user-centric data.

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Further key findings from the study suggest:

The IoT technology segment is expected to surpass the Bluetooth segment and dominate the market after 2022 as well. This growth may be attributed to the expected rise of widespread real-time applications of IoT technology in different industries globally over the next decade.
The demand for head wear devices is expected to gain momentum over the forecast period owing to their prospective applications in highly developing technologies such as VR and AR
The Asia Pacific region is predicted to emerge as the fastest growing market owing to a significant rise in the number of adopters of medical wearable devices for monitoring bodily conditions, such as glucose level, heart condition, temperature, sleep, and others, in countries such as China and India
Prominent vendors operating in the market include Fitbit Inc., Apple Inc., Alphabet Inc., Xiaomi Inc., Samsung Electronics Co. Ltd., Eurotech SpA, Adidas AG, and Seiko Epson Corporation
The increased focus on research and development activities for new product developments and upgrades of existing products to meet industry demands are the key trends adopted by industry player

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Microdisplays Market Size Worth $3.42 Billion by 2025

The global microdisplays market size is poised to reach USD 3.42 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 19.1% during the forecast period. A microdisplay is a microminiaturized display with a diagonal screen size of less than two inches. Microdisplays are compact small-sized displays with a large number of pixels and high resolution. These are commonly used in head-mounted displays (HMDs), head-up displays (HUDs), rear-projection TVs, and digital cameras. Increasing adoption of consumer electronics, rising consumer preferences for miniature displays, and widening application scope of the product are among the primary growth stimulants for the market.

Microdisplays utilize CMOS (complementary metal – oxide – semiconductor) chips that include a two-dimensional array of transistors. Microdisplays are being increasingly used in rear-projection TVs to increase voice and image clarity, besides reducing the overall cost. Excellent picture quality, high resolution, compact size, and low power consumption have led to increased adoption of microdisplays in consumer electronics, military & defense, and medical applications. In 2017, LCD-based displays dominated the market owing to their low cost, relatively high brightness, and a rather simple manufacturing process.

Moreover, high consumer demand for small form factor (SFF) microdisplay devices with improved features, such as faster response, more colorfulness, higher power efficiency, and better contrast is projected to create significant opportunities for vendors in the market. Furthermore, OLED is a next-generation technology replacing LCD in several applications, such as digital cameras, fitness watches, and smartphones.

Key manufacturers are also highly focused on R&D initiatives to innovate new display technologies based on OLED, LCoS (Liquid Crystal on Silicon), and holographic displays. For instance, in May 2018, Sony Semiconductor Solutions Corporation introduced a high-class UXGA resolution OLED microdisplay with the smallest pixel size of 6.3 micrometers.

These displays are being increasingly used for military and medical applications, such as monochrome night-vision systems to provide an improved visual experience to soldiers, real-time augmented displays, and monitoring patient vitals. This, in turn, is anticipated to drive the microdisplays market over the forecast period.

Prominent market players are strategically focusing on partnership agreements that would help them to introduce new products and enhance their geographical presence. High manufacturing costs associated with these displays are estimated to hamper the growth of the global microdisplays market.

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Further key findings from the study suggest that:

North America held the highest share in the market in 2017 owing to rising demand for digital cameras viewfinders in military and defense applications. High military spending to provide their soldiers OLED microdisplay-based night vision systems is poised to stimulate the growth of the regional market
Asia Pacific is likely to witness the highest growth during the forecast period owing to spiraling adoption of smart devices by a large number of consumers and increasing demand across various industries
Burgeoning popularity of VR gaming headsets and smart glasses among consumers is expected to contribute to the growth of the near-to-eye segment
Prominent market players such as Sony Semiconductor Solutions Corporation, Kopin Corporation, and eMagin Corporation are focused on developing technologically advanced display solutions to enhance resolution and reduce associated manufacturing costs of finished products.

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Distributed Antenna Systems Market Worth $13.78 Billion By 2025

The global distributed antenna systems market size is expected to reach USD 13.78 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to register a CAGR of 11.4% during the forecast period. Key factors driving the demand for Distributed Antenna Systems (DAS) include proliferation of connected devices in Internet of Things (IoT), mobile data traffic, and demand for extended network coverage and constant connectivity. Additionally, an increase in higher-bandwidth applications and in-building demand is also supporting the market growth.

Increasing use of wireless data has been accompanied by the development of newer and faster mobile networks, such as 4G and 5G. These networks have become affordable due to their wide usage and availability of smartphones at affordable prices. Moreover, since the switching cost from one service provider to another is low, mobile network operators have to be extra cautious of the penetration and quality of their network. Increased emphasis on improving network performance has propelled service providers to opt for solutions such as DAS, to ensure round the clock availability of their network, thereby driving market growth.

However, the high cost of manufacturing along with the complex installation process of the system is expected to hamper the market growth. Cellular network providers are working on extending their network coverage and bandwidth to take into account the substantial costs involved in the development of a DAS system, which may be attributed to the high cost of consultation, planning and implementation along with the high product price itself.

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Further key findings from the study suggest:

The hybrid DAS segment is expected to expand at a CAGR exceeding 14.0% over the forecast period. This system is an ideal fit for medium-sized spaces or areas with weak signals. It is cost-effective, easily expandable, and provides increased efficiency and broader coverage
The neutral-host ownership segment captured over 48.0% of the overall market share in 2018. This segment is projected to witness the highest growth on account of a large user base, third-party ownership, and a number of players providing a range of solutions
The public venues and safety segment is expected to emerge as the fastest-growing segment over the forecast period attributed to the high adoption of DAS solution in areas such as entertainment venues, sports stadiums, and shopping malls
North America accounted for over 30.0% of the market share in 2018. Meanwhile, Asia Pacific is expected to expand at the highest CAGR owing to the increasing sales of handheld devices and smartphones in China and India coupled with rising infrastructural growth
Key players in the DAS market include CommScope Inc.; Corning Inc.; Crown Castle International Corporation; and Boingo Wireless Inc., among others. These companies are engaging in collaborations with construction companies to sustain the competition.

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Travel Retail Market Size Worth $128.8 Billion By 2025

The global travel retail market size is expected to reach USD 128.80 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 8.7% over the forecast years. Rapidly expanding retail and travel and tourism industry along with increasing per capita income levels is expected to drive the market growth. Different retail channels help in improving the retail experience of the passengers while contributing to economic growth.

The airport retail segment is expected to gain traction over the forecast period and is expected to reach over USD 91.75 billion by 2025. On the basis of products, perfume & cosmetics segment held a significant share of the market in 2017. Driven by the rising demand for branded cosmetics, such as makeup and skin care products, which are available discounted rates at the duty-free stores, the segment is projected to expand further.

The travel retail industry is focusing on enhancing customer experience and use data to provide customers an integrated experience. For example, Kuala Lumpur International Airport has integrated big data platform deployed for its KLIA2 terminal. This platform will extract passenger’s real-time location throughout the airport for real-time status check, travel plans, and so on.

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Further key findings from the study suggest:

The global market accounted for USD 67.3 billion in 2017 and is expected to register a CAGR of 8.7% from 2018 to 2025
Increasing number of international travelers across the globe is expected to boost the market growth
The perfume & cosmetics segment is anticipated to witness the highest CAGR of 9.9% followed by the fashion & accessories segment over the forecast period
Asia Pacific is anticipated to be the fastest-growing regional market due to increasing disposal income levels and expanding travel industry in the region
Key companies in the global travel retail market include Shilla DFS, Lagardre Group, Lotte Corp., Heinemann, and Dufry AG

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Smart Retail Market Size Worth $58.23 Billion By 2025

The global smart retail market size is expected to reach USD 58.23 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 23.9% during the forecast period. In present day retail industry, conventional bricks-and-mortar stores are facing intense competition from rapidly expanding e-commerce sector. Therefore, traditional retailers need to incorporate smart retail technology to bring back their customers. The technology helps enhance digital shopping experience in physical stores. Of late, customers demand personalized, high-quality assistance in a store as well as end-to-end connected experience to internet environment.

Main components of a smart retail system are integration, connectivity, and big-data analytics. This allows retailers to provide their customers with products and services tailored to their preferences and help in effective client communication, which further improve customer experience and retention. The hardware segment held significant share in the market in 2017. On the basis of application, the others segment, which includes robotics and analytics application, is estimated to gain traction over the forecast period and is expected to reach over USD 12.14 billion by 2025.

Growing use of big data analytics in order to understand the need of customers, improve customer engagement, and their shopping experience is anticipated to contribute to the growth of the market. Surging use of advanced technology such as BLE beacons, near field communications (NFC), and mPOS retailer can help enhance customer experience as well as increase in-store data collection. This collected data can be further utilized to provide customers with product and assistance in the better manner.

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Further key findings from the report suggest:

The visual marketing segment emerged as the largest market in 2017 and is estimated to reach USD 16.01 billion by 2025
The software segment is anticipated to witness the highest CAGR of 26.1% over the forecast period
The Asia Pacific smart retail market is expected to experience the highest CAGR during the same period. Growing adoption of smart retail solutions such as RFID, facial recognition, and big data analytics by retailers in China and Japan in order to provide ease of online shopping experience within a physical store
Key players include Intel Corporation; IBM; Samsung Electronics; Amazon; Google, Inc.; Microsoft Corporation; Softbank Robotics Holdings; Ingenico S.A.; Verifone Systems; NCR Corporation.

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Wireless Microphone Market Worth $3.51 Billion By 2025

The global wireless microphone market is estimated to reach USD 3.51 billion by 2025, growing at a CAGR of 5.9%, according to a new study by Grand View Research, Inc. Technological proliferation such as Wi-Fi and Bluetooth enabled microphones are expected to drive the market growth over the forecast period.

The evolving entertainment and media industry, mainly in developing regions such as Asia Pacific and Latin America, has fostered the demand for wireless microphone products. These products are used for applications such as television broadcasting, public speaking, podcasting, and performing arts. The preference for wireless microphones has increased among consumers as these microphones enable performers to move their hands freely, thereby increasing comfort.

The adoption of wireless microphones is anticipated to grow in the Asia Pacific region. Global sports events such as Summer Olympics 2020 and Winter Olympics 2022 are scheduled to be organized in the region, which is presumed to propel the demand for wireless microphones. Furthermore, the increasing application of microphones in government infrastructure is expected to boost the adoption of wireless microphones in the Asia Pacific region.

The changing regulatory scenario of wireless spectrum across regions including North America and Europe is expected to propel the market growth. It enables market participants to develop new products that comply with the new spectrum regulations. Moreover, the new products are developed to provide features such as efficient audio signal transmission and high output audio quality.

Prominent & established industry players and new entrants collaborate with each other for sharing expertise and resources. The market is highly competitive and major companies are laying emphasis on retaining their market shares. Moreover, there is a strong presence of small and local manufacturing companies in the market, mainly in countries such as China and Japan.

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Further key findings from the study suggest:

The clip-on segment is expected to emerge as the fastest growing segment, registering a CAGR of 6.8% over the forecast period. Increasing public speaking events are encouraging the demand for this segment.
The North American region has announced changes in regulations wherein the use of wireless frequency is restricted to below 600 MHz. Any device operating above 600 MHz would be illegal.
Radio Frequency (RF) band is the fastest growing segment, registering a CAGR of 7.5% over the next eight years. The RF band offers a large number of frequency options that facilitate the selection of frequency depending on the application.
Asia Pacific is estimated to be the fastest-growing regional market due to the growth of sports and entertainment events in the region leading to an increase in demand for audio equipment
Key industry participants include AKG Acoustics, Audio-Technica Corporation, Blue, LEWITT GmbH, Rode Microphones, Samson Technologies Inc., Sennheiser Electronic GmbH & Co., Shure Incorporated, Sony Electronics, Inc., and Yamaha Corporation, among others

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