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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
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
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
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
Dashboard Camera Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 120 pages | Published: 12-06-2019 |
- Electronics
- Mordor Intelligence
- 120 pages
- Published: 12-06-2019
Market Overview
The global dashboard camera market was valued at USD 2519 million in 2018, and it is expected to register a CAGR of 15.4%, during the forecast period of 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 various governments mandating the installation of dashcams.
The expansion of the market studied was further supported by the increase in automobile sales, globally. As the automotive sector is evolving consistently, integration of dashcams has become a prominent trend, worldwide.
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.
Several insurance companies are contributing to the increase in dashboard camera sales by offering discounts on car insurance premiums to customers. The demand for dashcams is also increasing, as it can reduce insurance frauds or claims by capturing on video events
.
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
Dual-channel Cameras to Witness Major Growth
Multi-lens dashboard cameras represent a lucrative segment to invest in, for dashboard camera manufacturers. There has been an increasing preference for dual-channel dashboard cameras, over single-channel dashboard cameras.
These cameras are gaining popularity among private and commercial vehicle owners. Dual-channel dash cam systems comprise two cameras with high-resolution feed, for front and rear video recording.
Companies are continuously innovating, to develop their offerings and leverage this opportunity. For instance, Thinkware launched a two-channel (2CH) dashcam F200 that records in full HD 1080p with wide dynamic range (WDR) and offers 720p HD at the rear. It also has a built-in Wi-Fi functionality, which allows drivers to connect the dash cam directly to their smartphone, to adjust settings and easily download footage.
China to Witness Highest Growth
China is expected to overtake the United States as the world’s largest premium car market, creating a significant potential for the growth of the market studied. The Chinese automotive industry is expected to witness rapid technological evolution over the next few years, owing to the ongoing safety trend that is evident in North America and Europe. Particularly in the dashcam market, the country witnessed a 20% rise in sales, in recent years, due to increasing demand from insurance frauds. While the adoption of normal dashcams in the country is high, the manufacturers in the country are providing more enhanced solutions, like modern cameras equipped with Wi-Fi, ADAS, and real streaming media mirror.
Competitive Landscape
The 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 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 Oct 2017, Papago introduced new dashcams – Gosafe S37, Gosafe S780, and Papago Ray – at the world’s biggest automotive products show, SEMA. Jan 2018, Garmin announced the launch of Garmin Speak Plus with Amazon Alexa, by adding a built-in dash camera to its innovative Garmin Speak.
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 Industry Value Chain Analysis
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Increase in the Automobile Sales
4.5.2 Favorable Insurance Policies
4.5.3 Increase in the Number of Road Accidents and Thefts
4.5.4 Favorable Dashboard Camera Installation Mandates
4.6 Market Restraints
4.6.1 Reliability and Privacy Issues
4.6.2 Laws Restricting the Use of Dashcams in Some Countries
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Basic
5.1.2 Smart
5.2 By Product Type
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
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 UK
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Argentina
5.3.4.2 Brazil
5.3.4.3 Mexico
5.3.4.4 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 UAE
5.3.5.4 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Garmin Ltd.
6.1.2 Panasonic Corporation
6.1.3 Aiptek Inc.
6.1.4 ABEO Company Co. Ltd
6.1.5 Harman International Industries, Inc.
6.1.6 DOD Tech
6.1.7 Papago Inc.
6.1.8 Steelmate Automotive (UK) Ltd
6.1.9 HP Development Company LP
6.1.10 LG Electronics Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Basic
Smart
By Product Type
Single-channel
Dual-channel
Rear-view
Geography
North America
US
Canada
Europe
Germany
UK
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
UAE
Rest of Middle East and Africa
Automotive MEMS Sensors Market – Analysis of Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 12-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 12-06-2019
Market Overview
The automotive MEMS sensors can be used in a number of applications, such as tire pressure monitoring systems, oil pressure sensing, pedestrian protection, and in exhaust gas recirculation. The market serves a vast variety of industry verticals, ranging from very small consumer electronic devices to very large automotive manufacturers. Automotive MEMS sensors provide various advantages of high efficiency, small size, and low cost.
The growing demand for safety and security in automobiles is one of the main factors that is playing a vital role in the growth of the market. According to the World Health Organization, globally, more than 1.55 million people are killed in road accidents every year, and about 50 million people get injured. MEMS sensors play a critical role in improving the safety features of vehicles and act as catalysts for the growth of the market.
The emergence of electric vehicles (EVs) in the industry has dramatically impacted the demand for and distribution of pressure and magnetic sensors, and is expected to further increase the demand in the long-term. Increasing sales of electric cars is thereby increasing the demand for sensors, along with the surge in sensors for used battery monitoring, and various positioning and detection of moving parts of the automobiles.
Mandated safety systems, such as tire pressure monitoring systems (TPMS) and electronic stability control (ESC) attained full implementation in new vehicles in major automotive markets. The United States, for instance, is currently driving the revenue growth for MEMS sensors.
Scope of the Report
Microelectromechanical systems (MEMS) technology is used in a wide variety of modern era automotive sensors. The small size of MEMS sensors provides a quicker response to rapid change in measured parameter, and because of the extremely low-cost, the use has been extensive. One of the most well-known MEMS devices for automotive applications are inertial sensors and pressure sensors.
Key Market Trends
Air Bag Deployment Sensors to Witness Highest Growth
Passive safety applications, like the airbag deployment, make use of MEMS sensors for communicating vehicle deceleration inputs to the electronic control unit (ECU) that controls the airbags.
Crash sensing for airbag control is a compelling factor for the demand of inertial MEMS sensors. Companies, like ST Electronics, Bosch, and Analog Devices, among others, have been instrumental in developing MEMS-based accelerometer sensors and inertial sensors specified for a temperature range extending from -40°C to +125°C, which are suitable for enabling passive safety during a crash.
Innovations in the MEMS sensors for airbag applications are toward increasing the processing speed of the sensors and sensors that can detect forces up to 120g or 480g. For instance, Bosch, in November 2018, launched a new generation of high-g acceleration sensors, SMA7xy sensor family, which are designed to enable faster signal processing, as compared to the sensors of the preceding generation (SMA6xy released in 2014). With higher bandwidth, these sensors detect impact and facilitate more rapid deployment of the vehicle’s passive safety systems.
In the light of the road crash fatalities, governments across regions, like the United States and Europe, have mandated automobiles to have airbag functions even in non-luxury variants. These regulations, therefore, have fueled the demand for MEMS sensors for airbag deployments.
Asia-Pacific to Witness Highest Growth
Asia-Pacific is expected to exhibit the highest growth rate in the automotive MEMS sensors market, owing to the rapidly growing automotive industry in economies, such as China and Japan. In the automotive industry, tire pressure monitoring system (TPMS) is one of the applications of MEMS sensors. China’s prominent role in implementing TPMS for its vehicles is expected to contribute to the market’s growth positively over the forecast period. Additionally, the standardization of autonomous driving and advanced driver assistance systems (ADAS) is accelerating the growth.
Competitive Landscape
The automotive MEMS sensors 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. For instance, in November 2018, Analog Devices Inc. launched a broad range of new Industry 4.0 solutions, enabled with MEMS sensor within its advanced Industry 4.0 roadmap that aimed at helping the industrial equipment accelerate their path to Industry 4.0. These new solutions deliver next-generation flexibility, connectivity, and efficiency for today’s existing factory 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 Industry Attractiveness- Porter’s Five Forces 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 Passenger Safety and Security Regulations, and Increased Focus on Compliance
4.4.2 Increased Automation Features and Performance Improvements Preferred by Customers
4.5 Market Restraints
4.5.1 Increase in Overall Cost of MEMS Sensors Implementation due to Interface Design Considerations
4.6 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Tire Pressure Sensors
5.1.2 Engine Oil Sensors
5.1.3 Combustion Sensors
5.1.4 Fuel Injection and Fuel Pump Sensors
5.1.5 Air Bag Deployment Sensors
5.1.6 Gyroscopes
5.1.7 Fuel Rail Pressure Sensors
5.1.8 Other Types
5.2 Geography
5.2.1 North America
5.2.1.1 US
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 UK
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Rest of Asia-Pacific
5.2.4 Rest of World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Analog Devices Inc.
6.1.2 Delphi Automotive PLC
6.1.3 Denso Corporation
6.1.4 General Electric Co.
6.1.5 NXP Semiconductors NV
6.1.6 Infineon Technologies AG
6.1.7 Sensata Technologies Inc.
6.1.8 STMicroelectronics NV
6.1.9 Panasonic Corporation
6.1.10 Robert Bosch GmbH
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Tire Pressure Sensors
Engine Oil Sensors
Combustion Sensors
Fuel Injection and Fuel Pump Sensors
Air Bag Deployment Sensors
Gyroscopes
Fuel Rail Pressure Sensors
Other Types
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of World