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Optical Switches Market – Growth, Trends and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 14-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 14-06-2019
Market Overview
The Optical Switches Market is expected to register a CAGR of over 13.41% during the forecast period 2019 – 2024. The growing proliferation of cloud across all aspects of businesses in a diverse range of end-user industries is creating a robust demand for data center operations, as companies are increasingly investing to gain prominence in a highly contested and populated market space. Further, as major cloud content providers build out ever-larger data center facilities, the bandwidth limitations of conventional data center architectures become more apparent, throttling aggregate performance and efficiency.
The demand for cloud services, virtualization, and edge computing is augmenting the growth of the data center market. This has led to an overflowing influx of traffic within the data centers, thus pushing operated to find improved means to interconnect rising numbers of servers and move larger amounts of data between them. Server interconnection scalability within the data center is becoming a bottleneck, and inefficient data flow scaling constrains data center growth. Operational inefficiencies caused due to product breakages are reducing server utilization and wasting critical space, powering, and cooling resources.
Traditional data center, such as Optical-to-electrical-to-optical (OEO) switches and Ethernet routers have limited scalability and cannot keep up with growing intra-data center traffic bandwidth demands. Further, the logistics of deploying and managing miles of optical fiber required is not considered feasible.
While there are many ongoing as well as planned optical fibre network investments for various end-user applications, it is critical to consider the budget for a new fibre cable project. While most managers focus on the unit price of the materials involved, there is a greater need to select materials to achieve the best TCO for the customer.
The deployment of the fibre cable network deems itself as an expensive task. Further, maintenance of the network equipment and cables is also extremely necessary to ensure perfect system delivery. Fans and blowers are used to ensure an efficient cooling mechanism, which is vital to the fiber cable’s performance.
This necessitates a rigorous maintenance program. It also adds to the overall costs that come with the fiber optic technology. Due to these factors, telecom operators may hesitate to make such huge investments unless completely sure on the ROI, this may hinder the market growth.
Scope of the Report
Optical switches used in fiber optic transmission systems contributes to the development of the optical network. The main function of optical switching is to enable routing of optical data signals without the need for conversion to electrical signals and, consequently, is independent of data rate and data protocol. The transfer of the switching function from electronics to optics will offer a reduction in the network equipment, an increase in the switching speed, and a decrease in the operating power.
Key Market Trends
Optical Switching is expected to register a Significant Growth
The segment comprises of various applications of all-optical switches. Technological advancements in the all-optical switch, coupled Software Defined Network (SDN) paradigms, create compelling solutions to bring the fiber layer under software control. In addition to this, the adoption of all-optical switching in data centers facilitates both traffic provisioning and protection switching between the external network and the peering arbitrator. Moreover, in all-optical switching, any optical connection can be remotely monitored and tested and can be configured to switch automatically based on reduction, or loss, of the optical signal.
Furthermore, the incorporation of all-optical switching to C-RAN architectures allows the sharing of centralized monitoring and test equipment across multiple optical fiber front haul links interconnecting RRHs and BBUs.In 2017, China Telecom built a WDM ASON backbone network at 21 nodes throughout Jiangsu, Shanghai, Zhejiang, Hubei, Anhui, and Jiangxi. Through this project, the company deployed the first all-optical network 2.0 backbone network in the country.
The project witnessed the transformation from electric switching nodes to all-optical switching nodes. In addition, 21 ROADMs were deployed to create intelligent optical nodes, which will eventually become the optical cross-connect (OXC). Thus, potential such investments in other countries are expected to drive the demand for all-optical switches.
North America is Expected to Hold Major Share
The global roll out of 5G commercial services is expected to commence during 2019-2020. To support the accelerated build out of 5G in the United States, Ericsson predicts that 5G subscriptions are expected to reach the 150 million user mark, accounting for 48% of all mobile subscriptions in North America by the end of 2023.
Unlocking the full potential of 5G in the United States depends on the extension of fiber deep into the network. Despite the demand and potential economic benefits of fiber deployment, the United States currently lacks the fiber density in access networks to make the bandwidth advancements that are necessary to improve the pace of innovation and economic growth.
At the same time, an analysis based on the Deloitte Consulting LLP estimates that, the United States requires between USD 130 and USD 150 billion over the next 5-7 years to adequately support broadband competition, rural coverage, and wireless densification.
The aforementioned factors are expected to support and drive the demand for optical fiber-based broadband services, which in return aid the market growth significantly.Ericsson increased investment in 5G, AI, and automation in the United States, seeing the strategic opportunity in the market.
Competitive Landscape
The Optical Switches Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability.
The companies operating in the market are also acquiring start-ups working on Optical Switches technologies to strengthen their product capabilities. In June 2018, Hewlett Packard Enterprise and Deutsche Telekom AG implemented the world’s first proof-of-concept network data layer (NDL), which integrates various virtual network functions (VNFs) of different vendors, in a cloud infrastructure.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 High Cost of Maintenance and Equipment for Deploying the Optical Network
4.3.2 Increasing Internet Penetration and Data Traffic of Mobile Devices
4.4 Market Restraints
4.4.1 Resistance in Variation of Existing Applications or Systems
4.4.2 Complexity Issues
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 All Optical Switch (OOO)
5.1.2 Electro Optical Switch (OEO)
5.2 By Application
5.2.1 Optical Switching
5.2.2 Fiber Restoration and Optic Component Testing
5.2.3 Optical Add – Drop Multiplexing
5.2.4 Network Monitoring
5.2.5 Optical Cross – Connects (OXC)
5.2.6 Others (External Modulators)
5.3 By Technology
5.3.1 Mechanical Optical Switch
5.3.2 Micro Electronics Mechanical Switch (MEMS)
5.3.3 Liquid Crystal Optical Switch
5.3.4 Bubble Switch
5.3.5 Thermal Optical Switch
5.3.6 Semiconductor Optical Amplifiers Switch
5.3.7 Other Technologies
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Australia
5.4.3.6 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Mexico
5.4.4.4 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 UAE
5.4.5.2 Saudi Arabia
5.4.5.3 Israel
5.4.5.4 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Keysight Technologies Inc.
6.1.2 Hewlett Packard Enterprise Co
6.1.3 Fujitsu Ltd
6.1.4 ZTE Corporation
6.1.5 Yokogawa Electric Corporation
6.1.6 Nokia Corporation
6.1.7 Cisco Systems Inc.
6.1.8 Huawei Technologies Co Ltd
6.1.9 Ciena Corporation
6.1.10 Infinera Corporation
6.1.11 ADVA Optical Networking SE
6.1.12 Coriant GmbH
6.1.13 Keysight Technologies Inc
6.1.14 Juniper Networks Inc
6.1.15 Ericsson Inc
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
All Optical Switch (OOO)
Electro Optical Switch (OEO)
By Application
Optical Switching
Fiber Restoration and Optic Component Testing
Optical Add – Drop Multiplexing
Network Monitoring
Optical Cross – Connects (OXC)
Others (External Modulators)
By Technology
Mechanical Optical Switch
Micro Electronics Mechanical Switch (MEMS)
Liquid Crystal Optical Switch
Bubble Switch
Thermal Optical Switch
Semiconductor Optical Amplifiers Switch
Other Technologies
Geography
North America
US
Canada
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
Israel
Rest of Middle East and Africa
US LED Market – Growth, Trends, Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 85 pages | Published: 14-06-2019 |
- Electronics
- Mordor Intelligence
- 85 pages
- Published: 14-06-2019
Market Overview
The US LED market was valued at USD 8.82 billion in 2018 and is expected to register a CAGR of 12.6% over the forecast period (2019-2024). Residential LEDs, especially ENERGY STAR rated products, use at least 75% less energy, and last 25 times longer, than incandescent lighting. Widespread use of LED light also has the most significant potential impact on energy savings in the United States.
The high efficiency and directional nature of LEDs make them perfect for multiple industrial uses. LED lights are increasingly being incorporated in parking garage lightway, walkway, street lights, modular lighting, and task lighting among other things.
The LED lighting penetration in terms of cumulative installations is significantly lower compared to its market share of unit shipments. There are two primary reasons for this phenomenon. Firstly, the total number of lighting products installed, i.e. the U.S. inventory of lighting, is significantly larger than the total number shipped each year, since the lifetime of lighting products in several applications exceeds one year.
Secondly, the cumulative installed penetration of LED lighting increases as it replaces conventional lighting technologies. Therefore, when an existing LED product installed is replaced by a newer LED product, either due to failure or lighting upgrade, it results in almost zero net gain to the installed penetration of LED lighting. The importance of this phenomenon increases the longer a technology is available on the market and affects the cumulative installed stock of LED lights.
Scope of the Report
The United States LED market is segmented into two categories, indoor and outdoor, based on the type of use. The indoor segment is further subdivided into the residential, commercial, and industrial sector. Based on category type, the market is further segmented into general purpose, integrated fixture/luminaire, linear, and reflector.
Key Market Trends
General Purpose Lighting to Hold Major Share
The alternatives to incandescent light bulbs, which are energy efficient, have been available for a long time. Since the past few years, market conditions have been favoring and LED bulbs are poised for widespread consumer adoption.
Moreover, price decrease, energy savings, and an independent certification for rigorous performance standards are bolstering customer satisfaction. Traditional incandescent light bulbs comprising of 100-40W bulbs have catered to the basic lighting needs in the country for more than a century. However, 90% of the energy used is wasted as heat and only 10% is used to deliver light.
The adoption of LED bulbs has been majorly augmented by the Energy Independence and Security Act (EISA) of 2007 general service lamp standards. The maximum wattage standards, which began to take effect from 2012, requires a 25% efficiency increase for all general service lamps.
Competitive Landscape
The United States LED market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. In Nov 2017, Cree launched KBL LED High-Bay Series, a solution for various applications such as retail, civic, and industrial. As a result, it is projected to attract new and existing customers. Further in Jan 2018, Feit Electric Company launched a LED product line complying with the California energy commission standards, which is likely to drastically boost the company’s presence and help in enticing new consumers.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 PESTLE Analysis
4.3 Industry Attractiveness Porter’s Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Industry Value Chain Analysis
5 MARKET SEGMENTATION
5.1 By Type of Use
5.1.1 Indoor
5.1.1.1 Residential
5.1.1.2 Commercial
5.1.1.3 Industrial
5.1.2 Outdoor
5.2 By Category Type
5.2.1 General Purpose
5.2.2 Integrated Fixture/Luminaire
5.2.3 Linear
5.2.4 Reflector
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Acuity Brands Inc.
6.2.2 Cree Inc.
6.2.3 GE Lighting (General Electric Co.)
6.2.4 Eaton Corporation
6.2.5 Hubbell Incorporated
6.2.6 Feit Electric Company Inc.
6.2.7 OSRAM Licht AG
6.2.8 Philips Lighting
6.2.9 Samsung Electronics Co. Ltd.
6.2.10 Bridgelux Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type of Use
Indoor
Residential
Commercial
Industrial
Outdoor
By Category Type
General Purpose
Integrated Fixture/Luminaire
Linear
Reflector
Mobile Satellite Services Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 14-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 100 pages
- Published: 14-06-2019
Market Overview
The mobile satellite services market is expected to register a CAGR of over 6.2% during the forecast period 2019 – 2024. The usage of satellite communication services for IoT, as well as in the disaster management areas in developed regions, is expected to boost the market studied, over the forecast period. Mobile satellites services can find space for a various range of applications, including telecommunication, weather prediction, and navigation, military intelligence, and space exploration. Additionally, augmenting 5G mobile networks with next-generation satellite capabilities helps the mobile satellite operators in playing a vital role in the emerging 5G ecosystem.
Until recently, the MSS frequency bands were separate from the bands used for terrestrial cellular, because of, which the mobile user either needed a dual frequency band handset or two separate handsets. However, in the past decade, several system planners have proposed that segments of the MSS frequency bands be used for both terrestrial cellular and satellite communications so that the handsets might be simplified and the user’s service is always through the same service provider.
The terrestrial cellular network to support this mode of operation is called the ancillary terrestrial component (ATC). Although, this will put additional burdens on the existing frequency allocations and require special precautions to protect GPS operations in adjacent bands, conditional approvals for concept have been already obtained in the United States for the deployment of new integrated satellite and terrestrial networks using standard devices with form factors similar to current PCS/Cellular devices. There is a convergence between emerging wireless and mobile satellite services. Examples include deployment of S-Band and L-Band integrated MSS networks in the United States by ICO Global Communications (DSDB recently acquired by Dish Network), TerreStar, and LightSquared.
Interoperability is described as the ability of diverse information systems, devices, and applications to connect, in a synchronized manner, inter and intra organizational boundaries to access, exchange, and cooperatively use the data amongst stakeholders. Data exchange architectures and standards allow relevant data to be shared effectively and securely, within all applicable settings and with relevant stakeholders (including with the person whose information is being shared).
Optimally, interoperability facilitates the connections and integrations across these communication systems to occur regardless of the data’s origin or destination and ensures the data are usable and readily available to share without additional intervention by the end user. In the mobile satellite services market, the connection can happen between fixed satellite services to MSS or others as well. It requires the facilities to have the interoperability; otherwise, the function may fail.
Scope of the Report
Mobile satellite services (MSS) are the telecom services provided to mobile users with the help of satellite technology to establish communication between portable terminals or mobile devices. The availability of mobile communication beyond the terrestrial-based wireless system is a salient feature of MSS. The cost of mobile devices and the poor connection between mobile devices are key drawbacks of these services. MSS is used for emergencies such as distress, natural disasters, war zones, and breakdown of emergency communication.
Key Market Trends
Voice Segment is expected to register a Significant Growth
Companies are offering portable and fixed phone services that provide essential voice calls and messaging, for businesses operating in remote regions across the world. These voice services can be used on land, at sea, and in the air. They utilize advanced satellite communications network, offering clear voice quality and minimal call drop out.
For government agencies, voice mobile satellite services are an effective solution to manage coast guards and forest rangers, allowing them to help people on the borders and the islands. This is necessary during natural disasters.
Apart from government agencies, businesses adopt voice satellite services to ensure continuous, uninterrupted communications for their crews in the fishery, mining, transport, construction, and tourism industries. Individual customers also benefit from voice satellite services, especially those who are always on the move or working in areas without cellular networks.
Companies support polar adventurers by providing them with voice satellite services, which enable satellite connectivity for mobile devices where terrestrial networks cannot reach. For instance, Polar adventurer Antony Jinman used Iridium GO! on his Antarctica trip.
Companies are also adopting voice-based mobile satellite services to keep their employees connected with their families and close friends. For instance, Inmarsat offers one of the services called ChatCard, which helps to reduce feelings of isolation at sea, by giving crewmembers the freedom to stay in touch with family and friends, anywhere.
North America is Expected to Hold Major Share
North America, among the lead innovators and pioneers, in terms of adoption, is one of the largest markets for mobile satellite services. The growth in demand from end-user industries, such as government, maritime, aviation, among others, is boosting the growth of the market in the region. Moreover, the region has advanced foothold technological infrastructure and improved network connectivity.
The government agencies in the region have taken significant efforts to introduce new satellite and navigation systems, which have further boosted the growth of the satcom industry. For instance, in June 2018, the U.S. Air Force awarded the contract of USD 130 million to SpaceX for the launch of Air Force Space Command Satellite (AFSPC) -52 satellites in the late FY2020.
Recently, SES GS announced that the U.S. General Services Administration’s Future Satellite Communications Service Acquisition (FCSA) program had awarded SES Government Solutions the spot on the Complex Commercial Satellite Communications Solutions contract (CS3).
This will allow the U.S. Government to take advantage of most innovative offerings, including high throughput connectivity on multi-orbit satellite fleet. Complex solutions will have any combination of fixed and mobile satellite services, service-enabling authorizations, components, and ancillary equipment, such as terminals, teleports, and peripherals.
Competitive Landscape
The Mobile Satellite Services market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Mobile Satellite Services technologies to strengthen their product capabilities. In February 2018, Ericsson and MTS established 5G research center in Russia. The two companies may leverage their expertise, latest technologies, and partner ecosystem to build prototypes and explore new business opportunities with 5G and Internet of Things.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Integration Demands for Satellite and Terrestrial Mobile Technology
4.3.2 Growing Interest from Government and Military
4.4 Market Restraints
4.4.1 Lack of Interoperability between MSS Systems
4.4.2 Increasing Regulations on the Use of Satellite Technology
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Service
5.1.1 Voice
5.1.2 Data
5.2 By End-user Industry
5.2.1 Maritime
5.2.2 Enterprise
5.2.3 Aviation
5.2.4 Government
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Globalstar Inc.
6.1.2 Ericsson Inc.
6.1.3 Inmarsat PLC
6.1.4 EchoStar Mobile Limited
6.1.5 Iridium Communications Inc.
6.1.6 Intelsat S.A
6.1.7 Thuraya Telecommunications Company
6.1.8 ViaSat UK Limited
6.1.9 ORBCOMM Europe Holding BV
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Service
Voice
Data
By End-user Industry
Maritime
Enterprise
Aviation
Government
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Active Pharmaceutical Ingredients (API) Market- Growth, Trends, and Forecast (2019 – 2024)
| Healthcare | Published by: Mordor Intelligence | Market: |
| 110 pages | Published: 24-06-2019 |
- Healthcare
- Mordor Intelligence
- 110 pages
- Published: 24-06-2019
Market Overview
The global active pharmaceutical ingredients market was valued at USD 165.74 billion in 2018 and is estimated to reach USD 236.7 billion in 2024, witnessing a CAGR of 6.1%. Some of the key factors that are driving the market include the increasing prevalence of infectious diseases, cardiovascular conditions, and other chronic disorders. Apart from these diseases, genetic disorders are significantly driving the usage of biologicals and biosimilars, globally.
Biosimilars, in many instances, serve as low-cost options. They hold the potential to create a more sustainable healthcare system by making room for innovation so that more patients continue to receive the best possible care.
The active pharmaceutical ingredients (API) market has traditionally been dominated by drugs, such as anti-infectives and diabetes, cardiovascular, analgesics, and pain management drugs. However, as per the R&D trends, the demand is shifting toward the development of complex APIs used in novel formulations, targetting niche therapeutic areas.
A large number of drugs are in the pipeline to develop treatments for cancer, an autoimmune disorder, and metabolic diseases. Owing to the rising prevalence of cancer, several manufacturers are venturing into the development of highly potent APIs (HPAPI) and specialty APIs, in order to cater to the rising demand for these products.
Scope of the Report
Active pharmaceutical ingredient (API) is a part of any drug that produces its effects. Some drugs, such as combination therapies, have multiple active ingredients to treat different symptoms or act in different ways. They are produced using highly technological industrial processes, both during the R&D and the commercial production phase.
Key Market Trends
Cardiology is Expected to hold the Largest Market Share in the Application Category
The API market, by application, is dominated by the cardiology segment, due to the vast population using various CVD drugs. This segment is projected to witness a CAGR of 6.05% during the forecast period.
Coronary heart disease (CHD) is the most common type of cardiac disease, with a death toll of over 370,000 people, annually, in the United States alone. According to the American Heart Association (AHA), cardiovascular disease accounts for 17.3 million deaths per year. The Centre for Disease Control and Prevention states that about 610,000 people die of heart diseases in the United States every year, i.e., one in every four deaths can be attributed to cardiovascular diseases (CVDs).
Cholesterol reducers and blood pressure lowering drugs are the key drug classes under CVS. Cholesterol reducers, especially Statins, are driving the CVS segment, and have emerged as the most important family of drugs among the cholesterol and triglycerides reducers. Healthcare spending for hypertension was USD 23 to 26 billion in 2017, in the developed markets alone. Another USD 14 to 17 billion was spent in 2017 in the pharmerging markets. The high expenditure on the cardiovascular category highlights the rising demand for APIs in the same.
North America Dominates the Market and is expected to continue its dominance through the Forecast Period
North America currently dominates the market for active pharmaceutical ingredients and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the increasing incidences of disease and rising aging population. The United States holds the majority of the market in the North American region. However, the majority of its API requirements are met through imports from the Asian Markets. The trade statistics suggest that nearly 75% to 80% of the APIs imported to the United States are from China and India, as these countries have well-established manufacturing facilities and an abundant talent pool serving the pharmaceutical sector.
The recent political and trade policies implemented by the US government to increase import duties and taxes are expected to drive operational costs and increase the pricing pressure on the manufacturers. The FDA has also increased the application fees for new drug approvals and has increased the number of periodic inspections conducted on various off-share contract manufacturing facilities to ensure the supply of high-quality products to the US market.
Competitive Landscape
The active pharmaceutical ingredients market is highly competitive, and consists of several major players; thus, indicating a fragmented market scenario. The API market has several manufacturers from China and India holding a dominant market position, due to their large manufacturing footprints. In Europe, Italy, Germany, and the United Kingdom are the key regions for API trade, due to the presence of a well-developed pharmaceutical and life sciences industry.
A majority of the APIs produced by reputed MNCs are used for captive production. However, few players have emerged as contract manufacturers with a diversified client base. Further, with increasing technological advancements and product innovation, mid-size and small-scale companies are increasing their market presence, by introducing new ingredients with competitive prices. Companies, like Teva, Pfizer, Aurobindo, Sun Pharmaceuticals, Novartis, Mylan, and Boehringer Ingelheim, hold substantial market shares in the active pharmaceutical ingredients market.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Infectious, Genetic, Cardiovascular, and Other Chronic Disorders
4.2.2 Increasing Adoption of Biologicals and Biosimilars
4.2.3 Rising Prevalence of Cancer and Increasing Sophistication in Oncology Drug Research
4.3 Market Restraints
4.3.1 Drug Price Control Policies Across Various Countries
4.3.2 High Competition Between the API Manufacturers
4.3.3 Stringent Regulations
4.4 Industry Attractiveness Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Business Mode
5.1.1 Captive API
5.1.2 Merchant API
5.2 By Synthesis Type
5.2.1 Synthetic
5.2.2 Biotech
5.3 By Type
5.3.1 Generic
5.3.2 Branded
5.4 By Application
5.4.1 Cardiology
5.4.2 Pulmonology
5.4.3 Oncology
5.4.4 Ophthalmology
5.4.5 Neurology
5.4.6 Orthopedic
5.4.7 Other Applications
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 South Korea
5.5.3.6 Rest of Asia-Pacific
5.5.4 Middle East & Africa
5.5.4.1 GCC
5.5.4.2 South Africa
5.5.4.3 Rest of Middle East & Africa
5.5.5 South America
5.5.5.1 Brazil
5.5.5.2 Argentina
5.5.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Aurobindo Pharma
6.1.2 Teva Pharmaceutical Industries Ltd
6.1.3 Pfizer Inc.
6.1.4 Novartis AG
6.1.5 BASF SE
6.1.6 Boehringer Ingelheim GmbH
6.1.7 Dr. Reddy’s Laboratories Ltd
6.1.8 Lupin Ltd
6.1.9 Mylan NV
6.1.10 Sun Pharmaceutical Industries Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Business Mode
Captive API
Merchant API
By Synthesis Type
Synthetic
Biotech
By Type
Generic
Branded
By Application
Cardiology
Pulmonology
Oncology
Ophthalmology
Neurology
Orthopedic
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America
Marketing Analytics Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 110 pages | Published: 14-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 110 pages
- Published: 14-06-2019
Market Overview
The Marketing Analytics Market is anticipated to register a CAGR of 14% over the forecast period (2019-2024). The benefits of analytics have become highly obvious for companies as the competition for the retention of customers has become a necessity for the businesses. Companies these days use multiple channels to keep the customers informed and connected with them. Analytics solution allows them to keep track of the impact of the actions taken. This has resulted in the Integration of these solutions with the existing ERP solution, which is beneficial in using the generated and available data.
Increasing need to utilize marketing budgets for an effective ROI is estimated to boost the market over the forecast period.
Further, the adoption of cloud technology and Big Data is also increasing the growth of the Marketing Analytics market.
Over the course of 2017, technology giants like Google, Adobe, Salesforce, and Oracle added more data sources to their ever-growing marketing capabilities. This particular trend is expected to continue, as businesses of all sizes work to lessen the complexity of data collection, cleansing, and usage across their organizations.
Scope of the Report
Marketing analytics software aid a company in tracking the data pertaining to traffic, leads, and sales. Implementation of marketing analytics helps the person of interest to compare between various mediums of operation, such as social media vs. blogging vs. email marketing etc. these analytics also aid in diagnosing the difficulties faced in a particular channel, and the tactical steps which need to be taken to improve the background.
Key Market Trends
Social Media Marketing Anticipated to Record
Social media marketing has been on the rise owing to many developments, such as chatbot and other applications. It is estimated that machines can generate about 20% of the content.
Chatbots have been implemented to give an enriched experience to the consumer. According to Facebook, about 100,000 monthly active bots on Facebook Messenger, which offers a variety of new platforms for marketers to connect with potential customers.
The amount of spending on social media video advertising has nearly double compared to previous years. The growth of social media, such as Facebook, integral, and Snapchat have emerged as one of the primary medium of advertising.
According to a survey done by HeyWire business about 53% of its consumers prefer the use of electronic media such as email, web chat or social instead of phone support. About 79% of consumers have been seeking other forms of consumer support. 31% have emphasized the need for text as an available support option.
North America to Hold Major Share
Many of the major market players have been in this region. Marketing budgets in the company have been increasing and companies, such as Ebiquity have been investing further in the region to increase the number of services provided. Many companies have comparatively reduced the budget expenditure in the region owing to the recent slump in the region. This decrease further emphasizes the need for an optimal spend of budgets, which emphasizes the need for marketing analytics software in the region. Use of machine learning (ML), natural language processing (NLP), and artificial intelligence (AI) has further enhanced the capabilities of marketing analytics in this region. Use of qualitative analytics and such advanced analytics tools is currently limited to large enterprises, as they are costlier solutions and demand huge resource and capital investment.
Competitive Landscape
The Marketing Analytics market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. In Jul 2017, Teradata announced the acquisition of StackIQ, a prominent developer of cloud analytics software, which has managed the deployment of cloud and analytics software at millions of servers in data centers around the world. The acquisition is expected to strengthen the R&D capabilities of the company. Further In Jun 2018, Microsoft signed a MoU with New Sales Wales to trial a major data science project based on procurement analytics.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porter’s Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Increase in Social Media Channels
4.4.2 Increasing Need to Utilize Marketing Budgets for an Effective ROI
4.4.3 Adoption of Cloud Technology and Big Data
4.5 Market Restraints
4.5.1 High cost of implementation and System Integration issues for Marketing Analytics Software
4.5.2 Availability of Many Free Open Source Software
4.6 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Deployment
5.1.1 Cloud
5.1.2 On-premise
5.2 By Application
5.2.1 Online Marketing
5.2.2 E-mail Marketing
5.2.3 Content Marketing
5.2.4 Social Media Marketing
5.2.5 Other Applications
5.3 By End User
5.3.1 Retail
5.3.2 BFSi
5.3.3 Education
5.3.4 Healthcare
5.3.5 Manufactuing
5.3.6 Travel and Hospitality
5.3.7 Other End Users
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Microsoft Corporation
6.1.3 Oracle Corporation
6.1.4 Salesforce.Com Inc.
6.1.5 Accenture PLC
6.1.6 Adobe Systems Incorporated
6.1.7 SAS Institute Inc.
6.1.8 Teradata Corporation
6.1.9 Neustar, Inc.
6.1.10 Pegasystems Inc.
6.1.11 Tableau Software
6.1.12 Google LLC
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Deployment
Cloud
On-premise
By Application
Online Marketing
E-mail Marketing
Content Marketing
Social Media Marketing
Other Applications
By End User
Retail
BFSi
Education
Healthcare
Manufactuing
Travel and Hospitality
Other End Users
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Testing, Inspection, and Certification Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 13-06-2019
Market Overview
The global testing, inspection, and certification market was valued at USD 172.65 billion in 2018 and is expected to register a CAGR of 5.4% over the forecast period (2019-2024). The advent of new technologies, with stringent environment norms, increasing health safety measures have changed the entire industry viewpoint, with respect to the compliance of standards and regulations. Testing, inspection, and certification (TIC) plays a significant role to ensure the infrastructure, services, products are met with the standards and regulations pertaining to safety and quality. With inspection and testing at regular intervals across a few industries, such as oil and gas becoming mandatory, the TIC services are expected to grow in demand, irrespective of the industrial seasonality.
Safety breaches in recent times, such as Volkswagen’s diesel emissions scandal, Chinese milk scandal (melamine found in infant milk formula), have led to more stringent regulations in developing economies. Such breaches demonstrate the significance of independent inspection and certification services and not only have forced tougher and more complex regulations and standards but also increased the dependability on the third party for assessment, thus providing scope for independent TIC companies.
International imports and exports of products belonging to different industries apart from the high demand, food and medical products have increased significantly over the years. In fact, according to The World Bank Group, global exports has increased from USD 6.24 trillion in 1995 to USD 22.99 trillion in 2017. Food and beverages, consumer electronics, agriculture, and automotive (electrical vehicles) markets are expected to provide more scope for the TIC services.
So as to adapt to the diverse quality and safety standards of the import destinations, the need for effective testing, inspection, and certification has become critical for product manufacturers.
Scope of the Report
Testing represents the industrial activities which ensure that manufactured products, individual components, and multicomponent systems are adequate for their intended purpose. Inspection and testing are the operational parts of quality control, which is the most crucial factor in the survival of any manufacturing company. Quality control directly supports the other elements of cost, productivity, on-time delivery, and market share. Therefore, all quality standards needed to produce the components of a product and perform its assembly must be specified in a manner such that customers’ expectations are met.
Key Market Trends
Energy and Commodities is Expected to Hold Major Share
The market studied is experiencing an increase in the acceptance and applications in the studied sector mainly as industry players demand high standards regarding safety and profitability and increasing adoption of smart technologies and devices. These technologies have made many testing and inspection methods cost-efficient, allowing end-users to cut down a part of the operations and maintenance costs.
Further, various government regulations are making it mandatory for companies to adopt proper TIC methods. For instance, in India, the Ministry of New and Renewable Energy (MNRE) issued guidelines for conducting tests on power inverters for use in photovoltaic (PV) power systems and utility-interconnected PV inverters in 2017.
Further, the development of new nuclear plants, as well as renewable energy projects, the upgradation and expansion of existing ones globally, is expected to augment the market growth over the forecast period.
Over the next four years, more than 67 nuclear reactors in the world are estimated to reach an age over 40 years and over 66 reactors to reach more than three decades of operational period.
Asia-Pacific Expected to Witness Rapid Growth
Asia-Pacific is anticipated to hold major share owing to the merging markets such as China, India, Japan, and South Korea which have become attractive, through the development of indigenous industries and subsequent acceleration in exports, the introduction of stringent standards, and rapid urbanization. Additionally, the rise of the middle class has led to an increase in private consumption and demand for both safety and product quality. This, in turn, offers growth opportunities in areas, such as food and consumer goods testing. One such example is the acquisition of TUV Rheinland’s food analysis laboratories in China.
Competitive Landscape
The testing, inspection and certification market is highly competitive and consists of several major players. However in terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on enterprise network equipment technologies to strengthen their product capabilities. In Jan 2018, Eurofins acquired Ashwood UK, a food microbiology and chemistry testing lab in Scotland. Through this acquisition the company aims to expand its business in Scotland. Further in Jun 2018, the company acquired Finnish company VTT Expert Services that provides testing, inspection and certification of construction products. Through this acquisition the company aims to become a one-stop service provider for companies within the construction product industry.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Study Deliverables
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porter’s Five Force Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Growing Export Regulations And High Emphasis On Energy Efficient And Environmentally Safety Products
4.4.2 Globalization And Digitalization
4.5 Market Restraints
4.5.1 Trade Wars And Growth Fluctuations Of End-user Industries
5 MARKET SEGMENTATION
5.1 By Service Type
5.1.1 Testing
5.1.2 Inspection
5.1.3 Certification
5.2 By Sourcing Type
5.2.1 In-house
5.2.2 Outsourced
5.3 By End-User Vertical
5.3.1 Construction and Engineering
5.3.2 Chemicals, Material, and Minerals
5.3.3 Energy and Commodities
5.3.4 Food and Healthcare
5.3.5 Transportation
5.3.6 Products and Retail
5.3.7 Industrial
5.3.8 Other End-user Verticals
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 UK
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 South Korea
5.4.3.4 India
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Intertek Group PLC
6.1.2 SGS SA
6.1.3 Bureau Veritas SA
6.1.4 DNV GL
6.1.5 Eurofins Scientific SE
6.1.6 ALS Limited
6.1.7 Underwriters Laboratories (UL)
6.1.8 Dekra Certification GmbH
6.1.9 BSI Group
6.1.10 SAI Global Limited
6.1.11 MISTRAS Group, Inc.
6.1.12 Exova Group PLC
6.1.13 TUV SUD AG
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Service Type
Testing
Inspection
Certification
By Sourcing Type
In-house
Outsourced
By End-User Vertical
Construction and Engineering
Chemicals, Material, and Minerals
Energy and Commodities
Food and Healthcare
Transportation
Products and Retail
Industrial
Other End-user Verticals
Geography
North America
US
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
Rest of the World