HVAC Control Systems Market Size Worth $29.2 Billion By 2025

The global HVAC control systems market size is expected to reach USD 29.2 billion by 2025, expanding at a CAGR of 12.2%, according to a study conducted by Grand View Research, Inc. The rise in demand for HVAC equipment and advent of smart controllers are some factors anticipated to positively affect market growth. The growing adoption of building management systems is also expected to impel market growth.

Advancements in the field of sensors is anticipated to offer opportunities for market growth over the forecast years. Numerous sensors including temperature and humidity form a core component of any HVAC system. These sensors gather real-time data and help smart functioning of the equipment by analyzing surrounding changes.

Technological upgrades in systems that improve energy efficiency of HVAC equipment are expected to further fuel the HVAC control systems market. For instance, Siemens provides Synco 700, a primary controller equipped with KNX communication standard. KNX helps in communicating energy related information and thus saves energy wasted in unnecessary heating/cooling. Such advancements are expected to increase adoption of energy efficient systems for controlling heating, ventilation, and air conditioning over the forecast period.

Furthermore, the rising demand for replacement and retrofit of controllers is expected to drive the market growth. Considering high installation costs, consumers seldom replace their heating, ventilation, and air conditioning equipment. However, just changing a unit used to operate the HVAC equipment can increase its efficiency. Thus, the demand for replacement and retrofit systems is anticipated to surge over the next six years.

The Asia Pacific market held largest market share in 2018 and is anticipated to continue its dominance over the forecast period. This is attributed to rising demand for heating, ventilation, and air conditioning in emerging economies such as India and China. In addition, rising disposable income among consumers will drive the regional market. The North America market is likely to exhibit more than 10% CAGR over the forecast period. This is attributed to rising adoption of smart homes in the region. In addition, presence of key market players in the region such as Nest and Honeywell will drive the market in this region.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hvac-control-systems-market

Further key findings from the report suggest:

The global HVAC control systems market is gaining traction owing to increasing popularity of building management systems that provide ease of controlling all the connected equipment in a building
The sensors segment accounted for a market share of over 30% in 2018 owing to the use of multiple sensors in HVAC controllers. These sensors are essential for measuring the environment condition and sending signals to the controller
The integrated control segment is anticipated to grow at a substantial CAGR of more than 12.0% from 2019 to 2025 owing to ease and comfort it offers by combining functions of multiple controllers in a single unit
The commercial segment is anticipated to witness healthy growth due to increasing demand across the hospitality sector
Climate change and increasing awareness regarding energy conservation are the primary growth drivers for the Asia Pacific market.

Continuous Glucose Monitoring Device Market Worth $10.4 Billion By 2027

The global continuous glucose monitoring device market size is expected to reach USD 10.4 billion by 2027, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 12.7% over the forecast period. Growing cases of diabetes and introduction of novel and advanced diabetes care devices are the major factors driving the market growth. Continuous glucose monitoring devices provide an efficient method to measure body glucose levels in real time. Data recorded by these devices is transmitted through a wireless network to receivers; this helps keep a track of glucose levels over a designated period.

These devices also help manage diabetes while reducing individual insulin dosages. Integrated software within these devices provides users with insights about food consumption, medication, physical activity, and illnesses. Thus, an increasing number of diabetic patients are using these devices to manage and treat diabetes, which, in turn, is accelerating market growth. With the advent of digital therapeutics, a rising number of continuous glucose monitoring devices are being incorporated with apps and software to help patients with diabetes mellitus. Rise in the number of diabetes mellitus has been contributing toward continuous glucose monitoring (CGM) systems market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/continuous-glucose-monitoring-market

Further key findings from the study suggest:

Growing cases of diabetes is anticipated to propel market growth, with increasing number of patients opting for simplified CGM devices
CGM devices provide analysis of blood glucose levels from the tissue fluid at regular intervals of time, which is also driving their demand
Sensors was the largest component type segment and is anticipated to maintain its dominance owing to their integral nature in these devices
Asia Pacific is the leading regional continuous glucose monitoring device market, with Japan, China, and India on the forefront
North America led the global market in the past owing to wide usage of CGM devices as a result of higher number of target patients in the region
The European region followed the North American closely in terms of market revenue due to rise in the adoption of these devices in key countries such as U.K., Germany, France, Italy, and Spain
Some of the key companies present in the market are Pfizer Inc.; Baxter International, Inc.; Abbott Laboratories; Medtronic PLC; Animas Corporation; and Novo Nordisk A/S.

Automotive Electronics Market Size Worth $493.69 Billion By 2027

The global automotive electronics market size is expected to reach USD 493.69 billion by 2027, expanding at a CAGR of 9.0% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing automotive production across emerging economies, coupled with the growing demand for luxury and hybrid vehicles is anticipated to drive the growth. Additionally, the availability of advanced safety systems with features such as automatic emergency braking, and blind-spot detection at a reduced cost is leading to an increase in the integration of these systems. This, in turn, is also expected to boost the adoption of Engine Control Units (ECUs) and sensors used in these systems, subsequently fueling the market growth.

Moreover, to bring down the number of road accidents, governments are also regulating the use of Advanced Driver-Assistance Systems (ADAS) in vehicles. For instance, the New Car Assessment Program mandates the use of advanced active and passive safety systems, such as automatic emergency braking and lane departure warning, in China, U.S., and Europe. The Indian government also allows the use of certain low-frequency bands that can help automotive manufacturers to use radar-based systems for installing ADAS features in vehicles. Stringent regulations have mandated the deployment of most of the electronic components during vehicle production stage itself, thus linking the automotive electronics demand with the growth in vehicle production. Hence, it resulted in an increase of over 2.5% in the Original Equipment Manufacturer (OEM) segment share between 2019 and 2027.

Furthermore, in European and North American regions, the demand for in-vehicle infotainment systems has gained prominence, thereby supporting the market demand. Infotainment solutions providers are actively participating in consolidating the features, such as in-vehicle infotainment and ADAS, in reducing the overall electronic component count, consequently reducing the vehicle weight. For instance, NVIDIA Corporation announced the launch of the DRIVE CX platform. This platform can be used for infotainment and ADAS solutions, in the autonomous vehicles. However, such consolidation requires high-speed data processing controllers such as 64-bit ECU’s and integration of other advanced hardware and software, which is expected to drive the overall market growth from over the forecast period.

Asia Pacific held a dominant market share in 2019, attributed to the significant investments in the automotive industry, mainly in emerging countries, such as Japan, India, and China. The Make in India campaign is anticipated to draw significant investments toward automotive sector, as India offers benefits such as cheaper raw materials and low-cost labors. Besides, Japan is one of the most technologically advanced nations and has witnessed some recovery in its vehicle production since 2015.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry

Further key findings from the report suggest:

The current carrying devices segment is expected to hold a dominant market share over the forecast period, owing to the rising demand for convenience, safety features, and connectivity in passenger cars
The safety systems segment is estimated to dominate the market throughout the forecast period owing to increasing consumer awareness pertaining to safety equipment in vehicles
OEM segment dominated the automotive electronics market in 2019 owing to the increased durability and shelf life of electronic components that they offer as compared to the aftermarket components
Asia Pacific is estimated to register the highest CAGR of 9.4% from 2020 to 2027 owing to the increasing vehicle production in emerging countries such as India and China
The key industry competitors include Aptiv PLC, Continental AG, Denso Corporation, Intel Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG

Distributed Fiber Optic Sensor Market Size Worth $1.87 Billion By 2025

The global distributed fiber optic sensor market size is anticipated to reach USD 1.87 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.8% from 2019 to 2025. Factors such as significant demand from the civil engineering vertical and rising adoption in the oil and gas sector are projected to substantially boost the market growth. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, the capability of Distributed Fiber Optic Sensors (DFOS) to work in challenging environment is another factor propelling the growth.

Increasing demand for sophisticated infrastructure coupled with rising per capita income is predicted to lead to industrial automation, urban mobility, and growth in high-end residential projects. Governments from around the world focus on conserving their existing infrastructure and developing new projects. They are under constant pressure to provide the necessary infrastructure, amenities, and connectivity to people. This has enabled increased spending on road, railway, and dam construction projects. This rapid growth in the advanced civil engineering is expected to boost the distributed fiber optic sensor market.

The rapid adoption of DFOS has encouraged investments in R&D activities by manufacturers and suppliers to launch new products. They are also focusing on optimizing their production process and regulating efficiency to curb all other alternatives of the fiber optics technology. Due to the high price of production and installation processes of DFOS products, the manufacturers are developing competitively priced optic inspection products that are more reliable. However, factors such as technological complexities and other challenges incurring in optical inspection process are hampering the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/distributed-fiber-optic-sensor-sensing-dfos-market

Further key findings from the report suggest:

Temperature sensing application segment is expected to continue leading in terms of market size over the forecast period. Temperature sensors find application in oil and gas and civil engineering segments
Suppliers and manufacturers of fiber optic equipment are looking to achieving higher bandwidth, 100 GBPS, by undertaking intense research activities
North America dominated the global market in 2018 and is projected to account for the largest market share in terms of revenue in the forthcoming years
Growing demand for DFOS equipment can be attributed to the ever-growing demand for efficient and optimized processes, across enterprises and manufacturing sectors
Key market participants include Halliburton, Schlumberger Limited, Yokogawa Electric Corporation, OFS Fitel, LLC, Qinetiq Group PLC, Omnisens SA, Brugg Kable AG, Luna Innovations Incorporated, and AP Sensing GmbH

Pet Wearable Market Size Worth $4.6 Billion By 2027

The global pet wearable market size is estimated to reach USD 4.6 billion by 2027, registering a CAGR of 14.3% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing concerns toward companion animals’ health and wellbeing, coupled with rising pet humanization and population, is anticipated to be the key factor driving the growth of the market over the forecast period. In addition, increasing expenditure on pet consumables and rising demand for identification and tracking devices are some of the key factors driving the market growth.

According to the American Pet Products Association (APPA), the expenditure on companion animals in U.S. is expected to be USD 72.1 billion in 2018. Several advancements in technology is expected to lead to an increased demand for these wearables over the forecast period. Wearables are capable of continuously tracking health-related parameters such as body temperature, calorie intake, and Heart Rate Variability (HRV). Moreover, sensor technology is integrated into wearable devices to monitor and measure health metrics such as heart rate and respiration levels. It also enables pet owners to check disease symptoms, store medical records in the cloud, and set goals and reminders.

Moreover, growing reliance on pets for companionship, mental wellbeing, fitness, and entertainment has led to an increased spending on companion animals. The availability of advanced technology-based devices to monitor health by gathering vital information is expected to drive the pet wearable market growth. Furthermore, increasing adoption of companion animals in emerging economies such as India and China would offer several opportunities for market growth in the Asia Pacific region over the forecast period. On the other hand, North America dominated the global market in 2019 owing to the increasing awareness of the importance of pet health. Moreover, high penetration of fitness and activity monitoring devices and increased spending on companion animals is anticipated to drive the regional market growth.

Key industry players include Allflex USA Inc.; Avid Identification Systems, Inc.; Datamars; Fitbark; Garmin Ltd., Intervet Inc.; Invisible Fence; and Konectera Inc. Key players in the market focus on research and development activities to develop innovative products to expand their product offerings. In addition, companies adopt strategies such as collaborations, expansions, and acquisitions to strengthen their position in the global market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/pet-wearable-market

Further key findings from the report suggest:

The RFID segment dominated the market with a share of 39.9% in 2019, as RFID technology is considered more accurate and reliable, and helps authenticate products and store information
The identification and tracking segment dominated the market in 2019 and is projected to reach USD 2.8 billion by 2027 as tracking wearable devices can play a significant role in finding lost or stolen pets
The Asia Pacific pet wearable market is estimated to register the highest CAGR of over 17.0% from 2020 to 2027 owing to increasing awareness regarding pet fitness and health in countries such as India and Australia
Key industry players include PetPace LLC; Whistle Labs, Inc.; Tractive; Garmin International, Inc.; and FitBark.

2D Barcode Reader Market Worth $8.6 Billion By 2025

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

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

A 2D barcode reader has assumed a pivotal role in increasing the operational efficiency of businesses. Owing to advantages such as higher accuracy, higher scanning speed, reduction in clerical cost, and improvement in customer service, the 2D barcode reader has cemented its position as a prominent tool for streamlining internal and external operations. Apart from being compact and flexible, the reader can also turn out to be an economical solution with a payback period of just 3-6 months. It is particularly getting vital for the industrial sector as a result.

The adoption of barcode technology as an automatic identification/scanning system has helped significantly in reducing human errors. A typical error rate for human data entry is estimated at around 1 error per 300 characters typed. However, the error rate of a barcode reader is estimated at 1 error per 35 trillion characters. Thus, from accelerating the checkout process in the retail industry to tracking inventories in warehouses, barcode scanners have eventually proliferated into a myriad of business operations. These scanners can not only help businesses in conserving their resources but in optimizing the data entry process, improving real-time visibility of the products, and enhancing the productivity of employees.

However, the proliferation of mobile barcode Software Development Kits (SDKs) is anticipated to hinder the growth of the market. Organizations with low-volume operations are particularly preferring smartphones over scanners for barcodes to reduce their operational costs. The adoption of Bring Your Own Device (BYOD) policies is also anticipated to encourage the adoption of barcode scanning apps over readers. In other words, any growth in the usage of smartphones for scanning barcodes can potentially take a toll on the demand for dedicated 2D barcode readers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/2d-barcode-reader-market

Further key findings from the study suggest:

The global market for 2D barcode reader was valued at USD 6.39 billion in 2018 and is expected to exhibit a CAGR of 4.7% from 2019 to 2025
The handheld segment accounted for the largest revenue share of over 65% in 2018 and is anticipated to register a CAGR of 5.2% over the forecast period
The logistics segment is anticipated to exhibit the highest CAGR of 6.1% over the forecast period as transporters continue to deploy barcode readers at their logistics facilities
The warehousing segment dominated the market in 2018 and was valued at USD 2.60 billion as warehousing companies aggressively adopted 2D barcode readers to track inventories
The Asia Pacific regional market was valued at USD 2.66 billion in 2018 and is expected to register a significant growth rate owing to the booming e-commerce industry and the continued rollout of warehousing network, particularly in developing countries, such as India and China
The key players dominating the 2D barcode reader market include Zebra Technologies Corporation, Datalogic S.p.A., Cognex Corporation, Honeywell International Inc., and Keyence Corporation, among others

Pet Wearable Market Size Worth $4.6 Billion By 2027

Click the link below:
https://www.grandviewresearch.com/industry-analysis/pet-wearable-market

Further key findings from the study suggest:

The RFID segment dominated the market with a share of 39.9% in 2019, as RFID technology is considered more accurate and reliable, and helps authenticate products and store information
The identification and tracking segment dominated the market in 2019 and is projected to reach USD 2.8 billion by 2027 as tracking wearable devices can play a significant role in finding lost or stolen pets
The Asia Pacific pet wearable market is estimated to register the highest CAGR of over 17.0% from 2020 to 2027 owing to increasing awareness regarding pet fitness and health in countries such as India and Australia
Key industry players include PetPace LLC; Whistle Labs, Inc.; Tractive; Garmin International, Inc.; and FitBark.

Ingestible Sensors Market Worth $1.99 Billion By 2024

The global ingestible sensors market size is expected to reach USD 1.99 billion by 2024, according to a new report by Grand View Research, Inc. The market is anticipated to register a strong CAGR of 19.1% over the forecast period. Growing need for medical adherence and real-time monitoring of health along with rising prevalence of chronic diseases are some of the factors driving the market growth. Patient compliance is another key factor boosting the usage of ingestible sensors.

Simple procedure, user convenience, and minimal side effects are the factors leading to increased medical adherence by patients of all age groups, thus, driving the market growth. Increasing cases of chronic diseases, such as diabetes, hypertension, and cancer have also led to the market expansion. According to the International Diabetes Federation (IDF), around 642 million people across the world are projected to have diabetes by 2040.

In addition, growing geriatric population is also leading to numerous health issues, which is further raising the incidences of such chronic diseases. With technological advancements, ingestible sensors are growing rapidly in the field of digital medicine. Thus, it is anticipated to grow further in applications like customized drug delivery. However, costly raw materials and techniques for the development and design of this product may impede the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ingestible-sensors-market

Further key findings from the study suggest:

In 2016, temperature sensors led the market owing to their benefits in diagnosing and treating heat-related illness, particularly among athletes
Image sensors are projected to show a significant growth over the forecast period due to their accuracy and clear images for the diagnosis of critical diseases
Sensors held the largest market share in 2016 amongst the component segment due to the advanced and expensive technology used in these devices
Medical segment accounted for the largest market share in 2016 owing to huge scope of application for ingestible sensors in drug delivery and patient monitoring
North America held the largest market revenue in 2016 due to high awareness levels regarding the availability of advanced technologies
Asia Pacific is anticipated to register a significant CAGR over the forecast period on account of increasing geriatric population and prevalence of chronic diseases, especially in the developing countries
Some of the key companies in the market are Proteus Digital Healthcare; CapsoVision Inc.; Given Imaging Ltd; Olympus Corporation; Medimetrics Inc.; HQ Inc.; MC10 Inc.; and Microchips Biotech Inc.

Flexible Electronics Market Worth $87.21 Billion By 2024

The global flexible electronics market was USD 20,850.0 million in 2015, which is estimated to reach USD 87,210.0 million by 2024, according to a new report by Grand View Research, Inc. Escalating demand for compact and light-weight electronic devices is anticipated to fuel growth over the forecast period. Flexible batteries, displays, memories are a few products realized with the adoption of this technology. The technology provides ample opportunities in the area of smart textiles, which is the future of wearables. Government support in the form of funding that lends a helping hand to several research projects in this field is also anticipated to impact the industry growth positively.

Healthy demand for smart glasses, e-books, smartphones, smartwatches, and e-papers is expected to catapult market growth over the next eight years. The technology facilitates electronic systems to be stretched, rolled, and flexed, minimizing design issues associated while developing compact, portable and miniature devices. The style and functionality of wearable devices are anticipated to witness a transition over the next eight years with companies such as Samsung, Apple, Nike, and Google investing heavily in this segment, thereby providing avenues for discovering novel applications incorporating this technology.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/flexible-electronics-market

Further key findings from the report suggest:

The consumer electronics segment accounted for over 55% of the overall revenue in 2015. The year 2014 witnessed the onset of new curved televisions, smartphones, and other electronic devices; a trend that gained traction in 2015, and is expected to impact the flexible electronics demand favorably from 2016 to 2024 owing to high penetration in the wearable’s segment
The display segment is projected to grow at a CAGR exceeding 16% over the forecast period. It is primarily attributed to the ability of these products to curve, roll, flex, conform, and fold, enabling a new intuitive user interface. Further, companies are progressing towards the use of plastic displays as an alternative to glass displays, which provides an opportunity for future growth
Wearable devices segment accounted for over 40% of the overall revenue in 2015 and is expected to witness a healthy demand over the forecast period. This increase is primarily ascribed to an upsurge in demand for fitness or activity trackers as these products are well-positioned in the market with a promise of tracking productivity, physical activity, heart rate, sleep, etc. that intrigues customers
Asia Pacific flexible electronics market accounted for over 20% of the overall revenue share in 2015. Research capabilities and aggressive investments by major industry players such as LG and Samsung Electronics in anticipated to drive the regional growth over the forecast period
Prominent industry participants include 3M, E Ink Holdings Inc., GE Measurement & Control Solutions, ITN Energy Systems Inc., LG, PARC, Samsung, and Thinfilm Electronics ASA. Strategic alliances among the major stakeholders such as material manufacturers, academia, and device integrators are anticipated to strengthen the existing technology know-how while driving drive efforts to explore new application areas

Automotive Electronics Market Size Worth $493.69 Billion By 2027

Click the link below:
https://www.grandviewresearch.com/industry-analysis/automotive-electronics-industry

The current carrying devices segment is expected to hold a dominant market share over the forecast period, owing to the rising demand for convenience, safety features, and connectivity in passenger cars
The safety systems segment is estimated to dominate the market throughout the forecast period owing to increasing consumer awareness pertaining to safety equipment in vehicles
OEM segment dominated the automotive electronics market in 2019 owing to the increased durability and shelf life of electronic components that they offer as compared to the aftermarket components
Asia Pacific is estimated to register the highest CAGR of 9.4% from 2020 to 2027 owing to the increasing vehicle production in emerging countries such as India and China
The key industry competitors include Aptiv PLC, Continental AG, Denso Corporation, Intel Corporation, Robert Bosch GmbH, and ZF Friedrichshafen AG