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Europe Wall Coverings Market – Growth, Trends, and Forecast (2019 – 2024)
| Packaging | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Packaging
- Mordor Intelligence
- 100 pages
- Published: 13-06-2019
Market Overview
The Europe Wall Coverings Market is expected to register a CAGR of over 2.54% during the forecast period 2019 – 2024. Europe has emerged as the market leader for wallcoverings in the last decade. The European market is expected to witness robust growth and is likely to retain its market leadership over the forecast period.The region has witnessed a significant rise in the construction of new buildings, residential as well as commercial, on the back of low interest rates, good economic growth, and pent-up needs, and these factors have significantly contributed to the growth of home furnishing.
The rise in the number of residential houses or complexes due to an increasing number of nuclear families caused the residential segment to hold the larger share over commercial applications. In the present scenario, wall panels and wallpapers, which are sub-segments of wall coverings, are the dominant products.
The European population has been concerned about the home furniture and décor systems. Owing to the increasing number of high-income population, the spending on home furnishing has increased over the past few years. Due to this demand, European companies are investing significantly in innovative wallcoverings. For instance, Kobe’s library offers a wide range of fabrics and wallcoverings to create your own personal statement in interiors.
High inventory costs have been one of the biggest challenges to the growth of the wallcoverings industry. Distributors are needed to stockpile the number of patterns, styles, and raw materials, and store them in controlled environments to protect them from various climatic conditions. Such storage requirements are coupled with very low inventory turnover rates.
While there are a number of wallpaper designs coming up, almost 80% of wallpapers purchased are from just 20% of the designs present in the inventory. This has led to the cost-conscious behavior of the wallcoverings industry.
Scope of the Report
Wall coverings protect the wall surface from accidental marks or scratches, besides imparting an air of quality and grandeur to uncovered walls. Wall coverings further help in neutralizing interior and customizing it with the help of various colours and patterns. These coverings are also cost-effective.
Key Market Trends
Non-commercial is expected to register a Significant Growth
The non-commercial applications include the residential usage of wallcoverings. Decreasing average household size, owing to the increasing number of individuals living alone, is driving the demand for real-estate, influencing the demand for wall coverings in the market. Consumer trends relating to wallcoverings in Europe are constantly shifting. Wallpaper remained the preferred choice of covering in the last decade, while panels are finding increasing demand in the residential segment.
Increased consumer awareness is resulting in consumers demanding specific wall coverings to suit their preference. This is creating a demand for high-end and customized wallcovering solutions in the residential sector in Europe.
Besides, increasing demand for premium real-estate is one of the important trends, impacting the market. Real-estate companies are focusing on value addition, by providing sophisticated designs and luxury interiors to lure consumers. The demand in residential wallcoverings is mainly driven due to the growth in household customization, as nuclear families are growing in the region. Moreover, owing to the increase in residential construction, coupled with the growth of the spending power of people in the region, the market has been handed a boost.
Additionally, a decrease in average household size, owing to an increasing number of individuals living alone, is driving the demand for real estate, influencing the demand for wallcoverings in the market. Moreover, advancement in wallcovers has led to the introduction of eco-friendly interior products for residences. With the 3D wall panels and 3D wall tiles becoming prominent in the market, in recent years.
The United Kingdom is expected to Hold Major Share
There were 27.2 million households in the United Kingdom, in 2017. The number of households increased by 6%, since 2007, similar to the growth in the UK population, during this period. Being the sixth-largest construction sector in the world, the UK construction industry is a major contributor to the domestic economy. It is a highly prioritized industry, with a pledge from the government to build 1,000,000 homes by 2020, and another 500,000 in the subsequent two years.
Furthermore, despite market volatility, the outlook is positive, considering the reports from the government of United Kingdom, the residential building and commercial building revenues are expected to grow by 3.1% and 3.0%, respectively, by 2023. This is pushing contractors to offer additional value in the form of premium interiors, creating demand for high-end wallcoverings.
The demand for real estate is also increasing, with an estimated demand of 300,000 new houses every year. This is further expected to impact the market, with higher demand for wallcoverings. Within the residential sector, prefabricated housing was dominated by timber frame systems, using storey height timber wall panels, when compared to the inner leaf, timber panels.
Competitive Landscape
The Europe Wall Coverings 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. The companies operating in the market are also acquiring start-ups working on Europe Wall Coverings to strengthen their product capabilities. In November 2018, Nippon Paint Holdings Co. Ltd announced that Nippon Paint China has agreed to acquire a 70% stake in Shanghai Mega Coatings Co. Ltd and Mega Coatings (Nantong) Co. Ltd. With this acquisition, NP China will enter full-scale into the container and wind power infrastructure segments, both of which have strong growth potential in China’s industrial coatings 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 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Higher Demand For Home Furnishing Among The European Countries
4.3.2 Availability Of Styled Products
4.4 Market Restraints
4.4.1 High Inventory Costs And Premium Pricing
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 Product
5.1.1 Wallpaper
5.1.2 Wall Panel
5.1.3 Decorative Tile
5.1.4 Metal Panel
5.1.5 Other Products
5.2 By Application
5.2.1 Commercial
5.2.2 Non-commercial
5.3 Geography
5.3.1 Europe
5.3.1.1 Germany
5.3.1.2 UK
5.3.1.3 France
5.3.1.4 Russia
5.3.1.5 Spain
5.3.1.6 The Netherlands
5.3.1.7 Rest of Europe
5.3.1.8 Belgium
5.3.1.9 Portugal
5.3.1.10 Russia
5.3.1.11 Poland
5.3.1.12 Italy
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Nippon Paint Group
6.1.2 Grandeco Wallfashion Group
6.1.3 Walker Greenbank PLC
6.1.4 A.S. Création Tapten AG
6.1.5 AkzoNobel NV
6.1.6 Brewster Home Fashions LLC
6.1.7 Adfors (Saint Gobain)
6.1.8 Ahlstrom-munksjö Oyj
6.1.9 Grespania Cerámica
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Product
Wallpaper
Wall Panel
Decorative Tile
Metal Panel
Other Products
By Application
Commercial
Non-commercial
Geography
Europe
Germany
UK
France
Russia
Spain
The Netherlands
Rest of Europe
Belgium
Portugal
Russia
Poland
Italy
Process Automation Market – Growth, Trends, and Forecast (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Automation
- Mordor Intelligence
- 100 pages
- Published: 13-06-2019
Market Overview
The Process Automation Market is expected to register a CAGR of over 7.23% during the forecast period 2019 – 2024. The Internet of Things (IIoT) and the Industrial 4.0 are dominating trends in the industrial sector, with machinery and devices being connected via the internet. The number of IoT connected devices rose to 20.35 billion in 2017 from 15.41 billion in 2015, and is expected to reach 51.11 billion by 2023, given the huge push from the investment of the technology providers through continuous research and development. To operate these increasing number of connected devices and machine-to-machine connection in the manufacturing industry, the need for control and supervision is expected to become more prominent; this can be attributed to the increase of network connected and controlled devices and systems.
The sales figures for industrial robots have increased almost four-fold since 2009. According to IFR, by the end of 2018, around 2.3 million units will be deployed on factory floors. Further, within the global markets, these adoption rates have been driven by highly automated emerging countries, and by regions that are already highly developed economically. For example, in Europe, the total sales figures for industrial robots in 2015 rose by 10% to 50,000 units, compared to the previous year, with Germany, Italy, and France as the strongest regional markets.
Asia is still the world’s strongest growth market. This region saw a total of 156,000 units sold in 2015 – a rise of 16%. With around 68,000 industrial robots sold, China alone surpassed the total market volume for Europe. Growth in China saw foreign-based robotic manufacturers profit with a 69% share of the total market. At the same time, domestic competitors have, by now, significantly expanded their market share to 31%. The robotics markets in South Korea and Japan continue to occupy second and third places in global sales behind China – followed by the United States and Germany.
It has been often observed that the availability of skilled workforce is low, especially in emerging countries, where the market is poised to witness high growth. A relevant aspect to the slow adoption of industrial IoT, particularly in the emerging economies of India, Brazil, and China is the small amount of professionals focused on the programming and operation of this equipment. This specialized workforce is mostly found in other segments of technology industries, a limiting factor to the development and implementation of IoT solutions in the country.
Additionally, many industries make use of legacy equipment that cannot connect to IP networks, which severely limits the adoption of IoT solutions. The country’s networks, on the other hand, do not provide the low latency required for the efficient operation of these devices.Moreover, the operations of DCS, PLC, SCADA, and MES are complex, and require a highly skilled workforce. Furthermore, initial investment associated with traverse from an assembly line through automated production line is expected to be high. Along with it, the cost involved in training the employees with the usage of the new sophisticated equipment is also added, which could be unaffordable for certain small- and medium-sized end users.
Scope of the Report
The automation industry has been revolutionized by the combination of the digital and physical aspects of manufacturing, aimed at delivering optimum performance. Further, the focus on achieving zero waste production and shorter time to market has augmented the growth of the market. Automation of manufacturing processes has offered various benefits, such as effortless monitoring, reduction of waste, and speed of production. This technology offers customers an improved quality with standardization and dependable products within time, and at a much lower cost.
Key Market Trends
Paper and Pulp Segment is expected to register a Significant Growth
The numerous processes in the paper and pulp industry requires the raw materials pass through a lot of process with close monitoring of temperature and chemical content and the process automation allows to achieve the same from one location through the process automation.The paper and related products have seen an increase in the past five years and the demand is expected to show similar trends with the increase in demand from Asian, North American, and European regions over the forecast period. All these regions are expected to further drive the demand in the paper and pulp industry for increased process adoption.
Process automation is also considered as primary level of automation, which allows the collection of data continuously and real time basis, this enables the industry to further use these systems for data visualization and predictive plant maintenance.The paper and pulp industry involves a number of steps for the conversion of wood into paper. Activities, such as wood preparation, bleaching, chemical recovery required high utilization of raw material, which can be better controlled, as automation helps in the efficient conversion of raw materials..
The production in the industry is also facing shortage, due to the presence of bottlenecks in production. A typical manual operator is the main bottleneck, which allows only about 60 rolls per hour of production, which can be improved by process automation and drive the growth over forecast period.
North America is Expected to have Highest Market Share
US manufacturing sector is the second-largest in the world, with a manufacturing value added (MVA) of nearly USD 2 trillion in 2016, representing close to 16% of global MVA and 12% of the country’s GDP.The United States is renowned for its innovation capabilities, and is at the forefront of prominent developments surrounding the emerging technologies of the Fourth Industrial Revolution.
According to WTO, the country’s share in global manufacturing value has declined over decades, from 29% in the early 1980s to 18.6% in 2015, with slower output growth than China, South Korea, Germany, and Mexico. Thus, the country is likely to turn toward process automation and smart manufacturing technologies, to enhance its production capabilities.
The formation of the ‘Advanced Manufacturing Partnership (AMP)’ is an initiative undertaken to make the automotive industry, universities, and the federal government to invest in the emerging technologies.This has substantially helped the country in gaining a competitive edge in the global economy. The National Network for Manufacturing Innovation (NNMI), which consists of developing regional hubs, is likely to be involved in developing and adopting cutting-edge manufacturing technologies for making innovative products, to be implemented in the manufacturing sector.
Competitive Landscape
The Process Automation 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. T
he companies operating in the market are also acquiring start-ups working on Process Automation technologies to strengthen their product capabilities. In June 2018, Dassault systèmes and centric software come together to accelerate digital transformation of fashion, retail and consumer goods companies. Dassault Systèmes to acquire majority stake in centric software’s PLM solutions to generate fast ROI for fashion brands to respond to on-trend, on-demand 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 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Adoption of Robotics
4.3.2 Increased Focus on Manufacturing in Developing Economies
4.4 Market Restraints
4.4.1 Lack Of Skilled Workforce, Connectivity, and Security Concerns Regarding the Full Fledged Adoption of Automation
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 Communication Protocol
5.1.1 Wired Protocol
5.1.2 Wireless Protocol
5.2 By Technology
5.2.1 Supervisory Control and Data Acquisition (SCADA)
5.2.2 Programmable Logic Controller (PLC)
5.2.3 Distributed Control System (DCS)
5.2.4 Machine Execution System (MES)
5.2.5 Product Lifecycle Management (PLM)
5.2.6 Enterprise Resource Planning (ERP)
5.2.7 Human Machine Interface (HMI)
5.2.8 Other Technologies
5.3 By Offering
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
5.4 End-User Industry
5.4.1 Chemical and Petrochemical
5.4.2 Paper and Pulp
5.4.3 Water and Wastewater Treatment
5.4.4 Energy and Utilities
5.4.5 Oil and Gas
5.4.6 Pharmaceutical
5.4.7 Food and Beverages
5.4.8 Other End User Industries
5.5 Geography
5.5.1 North America
5.5.1.1 US
5.5.1.2 Canada
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 UK
5.5.2.3 France
5.5.2.4 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 Rest of Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dassault Systemes SE
6.1.2 ABB Ltd
6.1.3 Eaton Corporation
6.1.4 Emerson Electric Co
6.1.5 Honeywell International Inc
6.1.6 Johnson Controls, Inc.
6.1.7 Mitsubishi Corporation
6.1.8 Robert Bosch GmBH
6.1.9 Rockwell Automation, Inc.
6.1.10 Schneider Electric SE
6.1.11 Siemens Corporation
6.1.12 Texas Instruments, Inc.
6.1.13 Yokogawa Electric Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Communication Protocol
Wired Protocol
Wireless Protocol
By Technology
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Machine Execution System (MES)
Product Lifecycle Management (PLM)
Enterprise Resource Planning (ERP)
Human Machine Interface (HMI)
Other Technologies
By Offering
Hardware
Software
Services
End-User Industry
Chemical and Petrochemical
Paper and Pulp
Water and Wastewater Treatment
Energy and Utilities
Oil and Gas
Pharmaceutical
Food and Beverages
Other End User Industries
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Middle East and Africa
North America Dashboard Camera Market – Growth, Trends, and Forecasts (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 95 pages | Published: 13-06-2019 |
- Electronics
- Mordor Intelligence
- 95 pages
- Published: 13-06-2019
Market Overview
The North America Dashboard Camera Market is expected to register a CAGR of over 15.41% during the forecast period 2019 – 2024. The market studied has expanded rapidly over the last few years, due to a considerable rise in the number of accidents and thefts, which have led to government mandating the installation of dashcams. Driving assistance systems have gained popularity recently, owing to the drastic rise in the number of accidental fatalities that have been reported in the last decade. The demand for better assistance systems to categorically judge imminent dangers, and guide drivers, has emerged as viable product in the automotive sector.
There is a drastic increase in automobiles sales, worldwide. As more and more users are growing conscious about safety, dash cam installations are expected to witness an all-time high, over the forecast period.Many car manufacturers are providing built-in dash cams in their cars, to fulfill customers’ requirements for road safety. For instance, automobile manufacturer Citroen, has launched its first car to be sold in Australia, with a factory-fitted dash cam. It is integrated into the rearview mirror and records footage continuously, unless the driver switches it off.
There is a significant demand for driver assistance features in cars, which would help the drivers in navigation. Safety-conscious drivers also need smart dash cams that are innovative and have a better quality. Dash cams are also incorporating the ADAS functionality that takes driver safety to the next level, with its safety features, such as lane departure warnings, detection of front car movement, forward collision warnings, etc.
The rising number of automobile sales and increasing number of safety-conscious drivers are expected to increase the demand for dashboard cameras in cars, thus leading to its growth.
The problems of legality issues of dash cams are related to – obstructing the view through windshield and using electronic surveillance. Besides, these issues are dealt differently from one country to the other country, and can also differ within the jurisdictions of the same country.
There are privacy obligations for dash cam users, which have to be fulfilled. If people operate shared vehicles, they must inform the other person that a dash cam has been installed. This also holds true for those operating in the taxi industry. Minicab drivers, coach drivers, etc., who choose to use a dash cam, must inform every passenger who enters their vehicle that a dash cam is in use.
Scope of the Report
Dashboard Cameras are onboard cameras that continuously record the view through a vehicle’s front windscreen and sometimes rear or other windows. The important benefits of vehicle dash cameras are its accident recording capabilities. It helps to capture vehicle collations on video which ensures that there is always a witness around. Besides, many people have used accident footage to prove that they were not wrong. Dashcams are also placed on truck’ dashboard which help to record front facing videos. Besides, advanced dash cams can record rear views and some are equipped with specialized sensors to support more effective nigh time recordings.
Key Market Trends
Single-channel is expected to register a Significant Growth
The dashboard cameras are available in every conceivable configuration, ranging from a single lens to multiple lenses that allow simultaneous front and rear recording. The demand for single channel dashboard cameras is growing rapidly, due to the rising demand for dashboard cameras among motorists, owing to its usefulness in filing insurance claims, procurement of evidence for civil and criminal lawsuits, and other safety concerns.
Voxx International, one of the players, showcased its new 360Fly single lens 360° action camera. The ability of this system to provide mobility without a processor can be further extended to automotive applications, to obtain better-processed images. Further, the usage of wide-angle lenses in automotive camera modules is witnessing increasing adoption, due to a wide field-coverage and enhanced picture quality.
OEMs are exploring safety solutions that capture blind spots on the road. Thus, this technology is being adopted rapidly, on a large-scale. Single-channel dashboard cameras are relatively cheaper in comparison to the dual-channel dash cams, which further plays a vital role in influencing the consumers’ purchasing opinion.
Basic Technology is Expected to Hold Major Share
Basic dashboard cameras are affordable (ranging from USD 20 to USD 100) and usually have limited features, compared to other dashboard cameras. This segment has witnessed rapid adoption of full HD dashboard cameras, which are fast replacing SD dashboard cameras. Basic dashboard cameras are in-vehicle cameras with built-in or removable storage media, which continually record driving, with no additional feature. Dashboard cameras are being installed with the intention of gathering evidence, in the event of a road traffic accident.
Major taxi service provider companies install dash cams in their taxis, to film the passenger area, for example, to increase taxi drivers’ safety or to combat theft and vandalism. The basic dashcams are in-car cameras with built-in/removable storage media that constantly record driving, with no additional feature. In addition to basic practices of dash cams, advanced cameras offer much smarter features, such as audio recording, GPS logging, speed sensors, accelerometers, and uninterrupted power supply.
Also, benefiting from the trend of these dashboard cameras, a group of startups in the United States have developed an innovative business model, wherein they offer monetary rewards to drivers for installing dashboard cameras in their vehicles. The aim is to collect dash cam, recorded data, and ultimately aid technology companies in building maps for self-driving cars. As a result, an increasing number of ride-hailing service providers across North America, such as Lyft and Uber, have begun deploying in-car DVRs to record their rides.
Competitive Landscape
The North America Dashboard Camera 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 North America Dashboard Camera technologies to strengthen their product capabilities. In October 2017, Garmin acquired Navionics SpA, a provider of electronic navigational charts and mobile applications for the marine industry. Through this acquisition, the company aims to offer the best available breadth and depth coverage to it’s marine customers.
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 Increase In Automobile Sales
4.3.2 Favorable Dashboard Camera Installation Mandates
4.3.3 Increase In The Number Of Road Accidents And Thefts
4.4 Market Restraints
4.4.1 Laws Restricting The Use Of Dash Cams In Some Areas
4.4.2 Reliability And Privacy 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
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Basic
5.1.2 Smart
5.2 By Product
5.2.1 Single-channel
5.2.2 Dual-channel
5.2.3 Rear-view
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Garmin Ltd
6.1.2 LG Electronics
6.1.3 Panasonic Corporation
6.1.4 Harman International Industries Inc
6.1.5 Transcend Information Inc.
6.1.6 Pittasoft Co. Ltd (BlackVue)
6.1.7 YI Technology
6.1.8 Papago Inc.
6.1.9 Mondo Systems Inc.
6.1.10 Steelmate Co. Ltd
6.1.11 Waylens Inc.
6.1.12 Rand McNally
6.1.13 Cobra Electronics Corporation.
6.1.14 HP Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Basic
Smart
By Product
Single-channel
Dual-channel
Rear-view
Geography
North America
US
Canada
Tele Intensive Care Unit Market – Growth, Trends, and Forecast (2019 – 2024)
| Healthcare | Published by: Mordor Intelligence | Market: |
| 112 pages | Published: 13-06-2019 |
- Healthcare
- Mordor Intelligence
- 112 pages
- Published: 13-06-2019
Market Overview
The tele-intensive care unit market was valued at USD 2,441.38 million in 2018, and it is estimated to be valued at USD 6,715.61 million by 2024, while witnessing a CAGR of 18.37% during the forecast period of 2019-2024. Factors that are responsible for the growth of the market include, rising geriatric population across the world and increasing demand for remote patient monitoring in developing regions.
With the increasing geriatric population and prevalence of chronic diseases, there is a growing need to find new ways of improving patient outcomes, increasing access to care, and reducing the cost of medical care. Using remote patient monitoring, which utilizes devices to remotely collect and direct information to a remote diagnostic testing facility for interpretation, the healthcare providers, insurance payers, and the various governments are seeking to alter the way in which care is being delivered, thus reducing the cost of care at the same time. As the aging population creates an increase in health-related issues, especially cardiovascular and neurological diseases, the hospitalization of the patients is also expected to rise. This hospitalization is likely to lead to some sort of surgeries that require intensive care, and this is expected to drive the tele-intensive care unit market.
Scope of the Report
The tele-intensive care unit (ICU) is like the second set of eyes that provides additional clinical support and surveillance. Collaborating tele ICU with the bedside team can provide support care for the patient without any distraction, and can deliver in timely interventions when minutes may make a huge difference. The major purpose of the tele ICU system is not to replace the bedside clinicians or bedside care, but to provide improved safety through redundancy and enhance outcomes through standardization.
Key Market Trends
Therapeutic Devices Sub-segment is Expected to Hold the Largest Market Share in the Hardware Segment
In the hardware segment of the tele-intensive care unit market, the therapeutic devices sub-segment is expected to have largest market share, and is expected to witness a CAGR of 18.51% over the forecast period.
In the past decade, there were several studies being conducted by engineers and clinicians to apply robotic devices in multiple indications of heart and brain, such as stroke therapy. The therapeutic devices are highly useful in the decentralized tele ICU. A large number of nursing activities are increasing their dependency and providing better patient management through therapeutic devices, even when they are disengaged from therapeutic interactions.
The therapeutics devices have achieved success in transferring the neurological/cancer examinations, diagnosis, and consultations across a range of distances in several developed countries. Therapeutic devices under tele ICU are aiding its importance, with the potential to help providers and caregivers to improve the post-acute care, specifically for patients leaving the ICUs. Thus, over the forecast period, the awareness about these devices is expected to significantly improve across the emerging markets.
North America Dominates the Market and is Expected to do Same during the Forecast Period
North America currently dominates the tele-intensive care unit market and is expected to continue its stronghold for a few more years. The emergence of novel technologies, along with their adoption, is helping the United States to grow in the healthcare sector. Rising healthcare expenditure is the prime factor responsible for the growth of this sector. The rapid increase in the older population and rising life expectancy are propelling the growth of the tele ICU market in the country. Due to the rising older population, an increasing number of emergency cases are coming to ICU departments in hospitals, which in turn, is creating the need for improved ICU care. Therefore, the market for tele ICUs is expected to experience growth in the North American region over the forecast period.
Competitive Landscape
The tele-intensive care unit market is highly competitive and consists of several major players. In terms of market share, there is moderate consolidation in the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by introducing new products with less prices. Companies, like Banner Health, INTeLeICU, Philips (VISICU), InTouch Technologies Inc., and Inova, hold the substantial market share in the tele-intensive care unit 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 Geriatric Population
4.2.2 Increasing Demand for Remote Patient Monitoring
4.3 Market Restraints
4.3.1 High Cost of Treatment and Expensive Set Up
4.4 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 Component
5.1.1 Hardware
5.1.1.1 Therapeutic Devices
5.1.1.2 Communication Lines
5.1.1.3 Computer Systems
5.1.1.4 Physiological Monitors
5.1.1.5 Display Panels
5.1.1.6 Video Feed
5.1.1.7 Other Hardware
5.1.2 Software and Services
5.2 By Type of Management
5.2.1 Intensivist
5.2.2 Open
5.2.3 Co-managed
5.2.4 Open with Consultant
5.2.5 Other Types of Management
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 UK
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East & Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East & Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Advanced ICU Care
6.1.2 Banner Health
6.1.3 iMDsoft
6.1.4 INTeLeICU
6.1.5 InTouch Technologies Inc.
6.1.6 Koninklijke Philips NV
6.1.7 SOC Telemed
6.1.8 UPMC Italy
6.1.9 Apollo Telehealth Services
6.1.10 Advanced ICU Care
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Component
Hardware
Therapeutic Devices
Communication Lines
Computer Systems
Physiological Monitors
Display Panels
Video Feed
Other Hardware
Software and Services
By Type of Management
Intensivist
Open
Co-managed
Open with Consultant
Other Types of Management
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
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
Blockchain Market in the Energy Sector – Growth, Trends and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: |
| 95 pages | Published: 13-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- 95 pages
- Published: 13-06-2019
Market Overview
The Blockchain Market in the Energy Sector market is expected to register a CAGR of over 67.23 % during the forecast period 2019 – 2024. The blockchain technology, which has greatly benefitted the financial sector, finds applications in the energy sector predominantly for wholesale energy trading. However, the increasing number of use cases and efforts from the regional blockchain associations are promoting the adoption of the technology for various other applications like smart contracts and digital identification.
The increasing investment activity across the emerging vendors, like LO3 and Electron, among other 100+ startups, in the market enable the vendors to actively invest in more research and innovation for developing blockchain solutions for the energy sector. Considering that the innovation would be user-driven, such investments would increase the trust among the energy market participants to adopt blockchain technology.
Utilities are expressing their interest in the technology by investing in blockchain startups. For instance, Utilities like Tokyo Electric Power Company, a Japanese utility company has invested in the Energy Web Foundation, to accelerate the commercial deployment of blockchain technology in the energy industry. In 2017, the Japanese utility has also made investments in Electron, a UK-based blockchain vendors specializing in the energy sector.
Centrica, a prominent British multinational utility giant, is set to invest in LO3, in partnership with Braemar Energy. Similar investments have also been made by RWE, a German power company in 2017. LO3 Energy has also received investments from Siemens, a prominent player in the energy sector. The vendors are also closely working with Siemens to develop a blockchain enabled transactive energy platform for environmentally-friendly electricity.
The blockchain technology is currently under testing phase across the United States and the United Kingdom, among others. The technical and costs constraints of the blockchain technology might challenge the technology adoption in the energy sector. The blockchain technology for the peer-to-peer transactions may neither be particularly cost-effective nor can be easily scaled to support massive transaction levels in the long run. The presence of very few use cases that can emphasize on the scalability of the technology and the cost associated is the reason for the blockchain technology not being viewed as a cost-effective solution in the long run.
For peer-to-peer trading, blockchains would need to handle transactions of just a few kilowatts, which may take a minimum time span of 15 minutes. The costs associated with the transaction may be worth just a few cents in traditional methods, considering the amount of trading. The Bitcoin trading fee, for instance, has increased significantly from the last quarter of 2017 to 2018. Currently, a USD 16 fee is being imposed for a USD 25 bitcoin transaction. Such high trading fee of bitcoin and other 1600 cryptocurrencies used across regions for trading makes the blockchain technology expensive, in terms of handling huge transaction levels in the long run of peer-to-peer trading.
Scope of the Report
The energy sector has certain limitations, including high administration and transmission costs mainly, due to the centralized functioning of the sector. As blockchain addresses these issues and decreases the scope for single point failures and increases transparency across the supply chain, the technology is expected to be a noteworthy digital transformation for the sector.
The blockchain technology, which has greatly benefitted the financial sector, finds applications in the energy sector predominantly for wholesale energy trading. However, the increasing number of use cases and efforts from the regional blockchain associations are promoting the adoption of the technology for various other applications like smart contracts and digital identification. Blockchain enables energy transmission companies to track the movement of excess energy thereby managing the supply-demand bottlenecks.
Key Market Trends
Smart Contract is expected to register a Significant Growth
The Smart Contract is the computer-aided program, which encodes the different conditions and possible outcomes and moves the currency or information across the ledger using blockchain technology. Blockchain with the use of smart contracts is anticipated to reduce the number of different administrative processes, which involves the deal of execution.
The smart contract enables consumers to execute and dispatch various commodities automatically, once the trade is booked. By reducing the involvement of multiple intermediaries, Blockchain will decrease the time and costs involved in executing these transactions.
For instance, ING and Société Générale S.A. decided the first oil trade by using a prototype of the Blockchain platform, (Easy Trading Connect). ING also anticipated the usage of Blockchain would help to reduce its involvement in the transaction from 3 hours to 25 minutes, which results in 30% cost savings per transaction.
The rising acceptance of electric vehicles (EVs) and the lack of coordination between consumers and charging stations enabled the adoption of smart contract solution. As, smart contract aid the EV’s to charge or discharge based upon the needs of the electric grid, which enables the vehicles to act as mobile batteries and to help stabilize the grid. Furthermore, the high adoption of smart contract solutions are expected to reduce labour costs, manual and semi-automated processes, capital costs through faster settlements, and technology costs by decreasing dependency on redundant systems.
North America is Expected to Hold Major Share
With blockchain adoption in the energy sector, transactions such as energy trading can be recorded and settled almost instantly, with no need for an intermediary and with little need for reconciliation since all parties are using the same platform. North Americans as early technological adaptors are having significant adoption of blockchain in the energy sector.The region is experiencing an increasing number of investments and partnerships, since the first blockchain in energy transaction took place, in 2016, in Brooklyn, New York. Companies in the region are partnering with other countries or having high investments to develop products related to energy sector using blockchain technology.
For instance, Bovlabs, a startup working to empower clean energy, entered into a partnership with Enchanted Rock, to test blockchain’s ability to bid into wholesale markets, with the ERCOT (Electric Reliability Council of Texas), and is expected to enter as a blockchain-based retailer in energy sector.
In another instance, LO3 Energy entered into a partnership with Energy Web Foundation (EWF), to work on standardizing data for use in EWF’s blockchain, which is designed specifically for the energy industry. As said by the LO3’s CEO, creating a data standard for transacting energy across projects and users, will be vital to meeting blockchain’s potential. Omega Grid software is operating on-site at the Stone Edge Microgrid, to test the blockchain based software’s ability to calculate optimal power flow and locational price, for each asset, on 5-minute intervals, and accept the best bids from the asset to control the load.
Competitive Landscape
The Blockchain Market in the Energy Sector 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 Blockchain Market in the Energy technologies to strengthen their product capabilities. In July 2018, Microsoft Corporation announced the launch of the Enterprise Blockchain partnership, in Taiwan. The company has entered the partnership with Digital China and Hot Cool, in the hope that the three companies can use blockchain technology to enhance financial, e-commerce, entertainment, and other industries.
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 Emergence Of Variable Electricity Rates And Need For Peer To Peer Trading
4.3.2 Aggressive Spending By Venture Capitalists
4.4 Market Restraints
4.4.1 Scalability Constraints
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 Application
5.1.1 Payments
5.1.2 Smart Contracts
5.1.3 Digital Identities
5.1.4 Governance, Risk, and Compliance Management
5.1.5 Other Applications
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 SAP SE (SAP)
6.1.2 Microsoft Corp
6.1.3 Accenture PLC
6.1.4 IBM Corporation
6.1.5 LO3 Energy Inc.
6.1.6 GREENEUM
6.1.7 Drift Marketplace Inc.
6.1.8 IOTA Foundation
6.1.9 Btl Group Ltd
6.1.10 Power Ledger Pty Ltd
6.1.11 ImpactPPA
6.1.12 Electron (Chaddenwych Services Limited)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Application
Payments
Smart Contracts
Digital Identities
Governance, Risk, and Compliance Management
Other Applications
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Force Sensors 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 Force Sensor Market is expected to register a CAGR of over 5.9% during the forecast period 2019 – 2024. Force sensors have become key features in industrial robots, by enabling them to be task agnostic and safely operate alongside humans. These sensors have improved the monitoring and managing of networked embedded systems. The adoption of automation has transformed the global landscape, as these sensors have become critical to all automated equipment, offering accuracy and precision in all operations.
Force sensing makes surfaces more intuitive to use, and the displays enable user experience designers to simplify and improve the control surface layouts, on many of today’s appliances. This has allowed designers to seamlessly integrate force sensors into new designs, by exploring a new generation of user interfaces for appliances.
To meet the demands for testing ever-smaller switches and touchscreens, the market studied has evolved to test small buttons. These sensors also offer protection from overload, while being able to provide accuracy and standardization.
Rapidly changing requirements across the automotive, medical, and aerospace sectors have been creating the need for more precise measurement. However, the technological landscape in the industry has been developing at a slower pace as compared to industrial demands, thereby creating a gap between supply and demand.
This technological gap in demand could lead to under-utilization of the manufacturing and assembly processes. Further, this may even cause the impairment of assets, including facilities, equipment, and intangible assets, leading to increased expenses.
Scope of the Report
Force sensors are the devices that convert external force into digital signals, thereby assisting the parent system to detect, measure, and monitor the magnitude and direction of the applied force.
Key Market Trends
Healthcare is expected to register a Significant Growth
The healthcare segment of the market studied is anticipated to record the fastest growth, among all applications of force sensors. Across the globe, increasing healthcare expenditure, extensive R&D activities, and rising demand for portable medical devices and automation in the sector, are anticipated to be the primary factors responsible for the growth of the segment.
In the healthcare sector, force sensors are often implemented in the form of load cells. In such way, force sensors are used for various applications, including infusion pumps, physical therapy, patient weight monitoring systems, cardiopulmonary-resuscitation (CPR) devices, surgical staple guns, assist machines for emergency medical treatment, and oxygen tank monitoring, among others.
Surgical procedures have also undergone changes, as force sensors are being employed in surgical instruments, such as ocular surgery devices, staple machines, etc. These help the operating doctors to conduct more accurate and precise procedures, with the help of digital assistance provided by real-time data gathered and processed from force sensors.
In the recent times, with the advent of connected medical equipment policies and IoT technologies, minimal equipment, such as saline drip weight measurement systems, have also been identified to be using force sensors to take periodic readings, in order to provide the best possible patient care.
The United States is Expected to Hold Major Share
High implementation of digitization in the healthcare sector, due to the increasing necessity to improve quality of health care services, and the rise in the military and defense expenditure are expected to offer growth opportunities for force sensors in the United States.The country recorded the highest healthcare expenditure in the world over the last few years. As of 2017, health expenditure in the country was valued around USD 3.5 trillion, an increase of 4.5% from 2016. However, due to the digital revolution, it can be estimated that over USD 300 billion in healthcare expenses can be saved, specifically, in the field of chronic disease management.
FDA’s announcement of regulation, which highlights high-risk technologies can help big market players, who want to develop a universal platform for wearable medical technology. This is expected to drive the demand for wearables in medical applications.
Competitive Landscape
The Force Sensor 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 Force Sensor Market to strengthen their product capabilities. In July 2018, NextInput Inc. introduced the new ForceGaug sensor family, with 200% higher sensitivity performance. This disruption paves the way for the emergence of force-based HMI in smart watches, large touch displays, automotive panels, stainless steel appliances, and other applications.
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 Innovation and Development in the Consumer Electronics Sector
4.3.2 Surging Demand in the Automotive Sector
4.4 Market Restraints
4.4.1 Fluctuating Market Demands and Customization Issues
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness- Porter’s Five Forces 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 Technology
5.1.1 Piezoresistive
5.1.2 Capacitive
5.1.3 Piezoelectric
5.1.4 Strain Gauge
5.1.5 Other Technologies
5.2 By End-user Industry
5.2.1 Healthcare
5.2.2 Industrial Manufacturing
5.2.3 Packaging
5.2.4 Automotive
5.2.5 Aerospace and Defense
5.2.6 Consumer Electronics
5.2.7 Others End-user Industries
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 & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alps Electric Co. Ltd
6.1.2 Synaptics Inc.
6.1.3 Interlink Electronics Inc.
6.1.4 Pressure Profile Systems, Inc.
6.1.5 Uneo Inc.
6.1.6 Futek Advanced Sensor Technology Inc.
6.1.7 Tekscan Inc.
6.1.8 Hottinger Baldwin Messtechnik (HBM) GmbH
6.1.9 Kavlico Corporation
6.1.10 Flintec Group AB
6.1.11 Tecsis GmbH
6.1.12 Shenzhen New Degree Technology Co. Ltd.
6.1.13 Sensel Inc.
6.1.14 Tangio Printed Electronics
6.1.15 NextInput Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Piezoresistive
Capacitive
Piezoelectric
Strain Gauge
Other Technologies
By End-user Industry
Healthcare
Industrial Manufacturing
Packaging
Automotive
Aerospace and Defense
Consumer Electronics
Others End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa