The global MobileSatellite Services Market is anticipated to reach USD 5.53 billion by 2024 on account of its rising demand as it facilitates advanced services where one can send or receive information from any remote location despite the absence of necessary infrastructure. Furthermore, the usage of satellite communication services in the disaster management areas in developed regions is expected to boost the market over the forecast period.
In 2016, maritime was the largest application segment of the market on account of the lack of definite communication infrastructure over sea routes. Increasing accidents on the sea routes and need for proper communication at the time of such events are anticipated to drive the demand for satellite communication.
Messages are conveyed through voice and data services within the MSS market. Conventionally, data has been the largest segment of the market representing that majority of the communication in the form of encrypted codes due to the high level of security offered by it. Sectors such as aviation and defense are the largest users of the service. Nonetheless, voice services are expected to witness growth as a result of increasing technology and communication system.
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North America held the significant share in 2016 by contributing to over 30% of the overall market share due to the extensive usage of the technology. However, Asia Pacific is expected to witness a lucrative growth due to the increasing use of satellite devices in the defense, government and transportation applications. The launch of 104 satellites by ISRO in February 2017 along with the future planning of more number of a satellite launched is expected to provide an opportunity for growth of the market over the projected period.
The market is consolidated with the presence of a limited number of players. Majority of the global companies implement strategies of acquiring the leading domestic players to increase their production capacity and expand their presence in different regions. For instance, EchoStar Corp. acquired Solaris Mobile Ltd., an MSS operator based out of Dublin, Ireland in January 2014.
The leading players operating in the mobile satellite services include Inmarsat plc.,Globalstar, Iridium Communications Inc., Thuraya Telecommunications Company, EchoStar Corporation, INTELSAT, ORBCOMM, ViaSat Inc., Singtel, and Telstra.
Hexa Research has segmented the global mobile satellite services (MSS) market based on service, application, end-use and region:
Segmentation by service, 2014 - 2024 (USD Million)Data Voice
Segmentation by application, 2014 - 2024 (USD Million)Maritime Aviation Land
Segmentation by end-use, 2014 - 2024 (USD Million)Defense Government Transportation Mining Oil & Gas Others
Segmentation by region, 2014 - 2024 (USD Million)North America
• UKAsia Pacific
• IndiaCentral & South America Middle East & Africa
Key players analyzedInmarsat plc. Globalstar Iridium Communications Inc. Thuraya Telecommunications Company EchoStar Corporation INTELSAT ORBCOMM ViaSat Inc. Singtel Telstra
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The global Ballast Water Treatment Systems (BWTS) Market is expected to reach USD 117.55 billion by 2025, driven by growth in the size of shipping industry trade volume and rising government initiatives in line with the International Maritime Organization (IMO) regulations. Furthermore, the ballast water treatment systems market is expected to be growing as BWTS is effective in regulating unauthorized ocean dumping, oil & chemical spills, and the introduction of aquatic invasive species.
North America dominated the global market in 2016, and the trend is likely to continue over the next few years due to supporting regulations coupled with rising focus on environmental safety conservation. Asia-Pacific and Europe followed suit, with a consolidated contribution of USD 59.48 billion by 2025.
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The implementation by IMO for strict water quality standards has set an obligation for ocean freight service providers. Since vessels have not been planned and fortified to treat ballast water, setting up of a ballast water management system is essential to ensure conformity with the standards.
Asia Pacific is expected to witness the fastest growth over the forecast period on account of increase in production and sales of ballast water treatment systems owing to increase in trade of automotive machinery & equipment, cosmetics, food & beverages, building & infrastructure materials, medical & healthcare, and mining equipment. The region has witnessed an increase in ocean freight volumes from various countries such as China, India, and South Korea.
The market is expected to grow on account of increasing demand for ballast water treatment systems in containers, ships, dry bulk carriers, tankers, and general cargos. Container ships dominated the global BWTS market in 2016 and are expected to grow at an above average CAGR of 25.2% over the projected period. Increasing trade activities among various regions on account of lower transportation costs, free trade agreements, and globalization is expected to result in augmenting the demand for container ships.
Companies are actively looking for new ballast water treatment projects alongside investing in R&D to enhance technology. In July 2015, Wärtsilä won the largest retrofit contract for ballast water management systems. This has been one of the major retrofit contracts so far issued for ballast water management system solutions. Other prominent players in the market such as Xylem Inc., Evoqua Water Technologies LLC, Mitsubishi Heavy Industries, and Alfa Laval AB are investing considerably in the ballast water treatment systems market.
Hexa Research has segmented the global ballast water treatment systems (BWTS) market based on operating technology, type, and region:
Segmentation by technology, 2014 - 2025 (USD Million)Physical Disinfection Mechanical Method Chemical Method
Segmentation by type, 2014 - 2025 (USD Million)Container Ships Dry Bulk Carriers Tankers General Cargos
Segmentation by region, 2014 - 2025 (USD Million)North America
• GermanyAsia Pacific
• JapanRest of the World
Key players analyzed:Wärtsilä Corporation Xylem Inc. Evoqua Water Technologies LLC Calgon Carbon Corporation Mitsubishi Heavy Industries Veolia Environnement S.A. UV Technology Alfa Laval AB Headway Technology Co., Ltd. Trojan Marinex
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The global Water & Wastewater Treatment Market to reach USD 674.72 billion by 2025, driven by the rising demand for freshwater for drinking, industrialization and agriculture. Treated water is suitable for various end-uses such as river flow maintenance, drinking, the supply of industrial water and irrigation.
Water & wastewater treatment processes such as softening, deodorization and purification make the water more useful and potable. Asia Pacific was the largest market accounting for 43.9% of the revenue share in 2016. It is anticipated to gain momentum over the forecast period on account of the growing demand for filtered water for various applications.
Water treatment systems are either installed at the point of use or the point of entry. However, as drinking water is a vital priority for the population, the residential sector contributes significantly towards the development of water treatment market as compared to the industrial and commercial sector.
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Central & South America water & wastewater industry is capable, but the absence of significant venture in infrastructure is unfavorable for its economic performance. Asia Pacific municipal water & wastewater market is likely to grow at a CAGR of 5.3% over the forecast period. This market has been rapidly growing owing to the presence of developing economies and a large concentration of population in the region. Asia Pacific’s vast and rising population, coupled with increasing middle class and rising incomes, will continue to drive demand agricultural resources and commodities.
The global equipment & services market accounted for USD 117.85 billion in 2016. The growth of equipment & services market is likely to gain momentum in the recent future, as it utilizes environment-friendly and economically feasible instruments and technologies.
Few major players dominating the market are GE Water & Process Technologies, 3M Purification, Calgon Carbon, Aqua Tech International, Danaher, GDF SUEZ, Degremont, Veolia Water Solutions & Technologies and Siemens. Companies such as Siemens and GE, are using advanced products and equipment to gain a competitive advantage in the market. Major players in flow control services are acquiring firms in the treatment market. For instance, in June 2010, the largest pump provider, ITT acquired filtration company to expand its services such as dewatering pump and rental facilities.
Hexa Research has segmented the global water & wastewater treatment market based on type, end-use and region:
Segmentation by type, 2014 - 2025 (USD Billion)Chemicals Treatment Technologies Equipment & services
Segmentation by end use, 2014 - 2025 (USD Billion)Municipal Industrial
Segmentation by region, 2014 - 2025 (USD Billion)North America
• UKMiddle East & Africa
• Saudi Arabia
• AlgeriaAsia Pacific
• ChinaCentral & South America
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The global DigitalCamera Market is expected to reach USD 28.71 billion by 2025, influenced by a range of radically evolving trends regarding picture quality, lenses, zooming, photo accessories, and other features. An introduction of digital action camera with 4K and improved 360° video capturing are expected to boost the global market. For instance, in 2016, Nikon launched 4K, 360-degree action camera to enter in action segment market. It is wearable action digicam, capable of filming a 306-degree video with the 4K high definition.
Reducing prices of digital cameras has also had a positive influence on the purchasing decisions of consumers. Availability of a range of cameras suitable for enthusiasts and professionals is expected to drive the market growth. The global market is presumed to grow at a revenue CAGR of 3.3% over the forecast period.
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Asia Pacific dominated the global market in 2016, and the trend is expected to continue over the forecast period on account of an increasing consumer base, particularly in India. Rising disposable income of consumers, especially in India, and Thailand along with growing number of individuals that want to pursue their hobby of photography is expected to drive the sales of digital cameras and related accessories.
The global tourism market size was estimated over USD 7.5 trillion in 2016 and is projected to increase at a CAGR of over 3% over the next eight years. As consumers prefer digital cameras over smartphones while traveling and during holidays owing to its ability to provide high pixel photos, the growth of the tourism industry is expected to augment the demand for digital devices over the projected period.
In 2016, personal user segment dominates the market, accounting 54.4% of market share in terms of volume. Cameras such as compact ones are mostly utilized for personal use. An increase in tourism is likely to be a key factor driving the personal use segment.
Manufacturers have been focusing on adding improved features for connectivity to gain market share. For instance, In February 2017, Kodak launched a winning photos application, which will help photographers to showcase their pictures. In February 2016, GoPro acquired Vemory Inc. to enhance its video editing tools.
Hexa Research has segmented the global digital camera market on the basis of products, end-user and region:
Segmentation by product, 2014 – 2025 • Built-in lens camera • Interchangeable lens camera • Single Lens Reflex (SLR) • Non-reflex • OthersSegmentation by end-user, 2014 – 2025 • Personal • ProfessionalSegmentation by region, 2014 – 2025 • North America • U.S. • Canada • Europe • Germany • UK • Russia • France • Italy • Spain • Asia Pacific • China • Japan • India • Thailand • Central and South America • Brazil • Middle East and Africa
Key players analyzed: • Sony Corporation • Canon Inc. • Nikon Corporation • Fujifilm Holding Corporation • Eastman Kodak Company • Toshiba Corporation • Olympus Corporation • Panasonic Corporation • Leica Camera AG • GoPro Inc.
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The global Commercial Telematics Market is expected to reach USD 114.28 billion by 2025 on account of to the rapid penetration of smart connectivity systems in passenger cars as well as commercial vehicles. Continuous software developments to link smartphones to the vehicle to improve drive quality, increase road safety, and monitor real-time positioning of automobiles to avoid congestions in case of any emergency situations are key parameters contributing to the growth of the market.
Features such as vehicle tracking, fleet management, satellite navigation, and wireless vehicle safety ensure improved ride quality. Such features are expected to fuel the market over the forecast period.
Solutions such as infotainment systems and services such as maintenance & training services are gaining momentum pertaining to rising awareness regarding driver and passenger safety. Furthermore, supporting government regulations regarding implementation of automotive telematics are expected to drive the market over the forecast period. For instance, in March 2016, the Japanese government joined hands with the U.S. and Europe for R&D on autonomous vehicles where commercial telematics have a wide scope.
Insurance telematics accounted for 10.2% of the overall market share in 2016. The segment is anticipated to experience high demand for commercial telematics over the forthcoming years attributed to the need to increase safety and reduce the loss from accidents.
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Integration and deployment have important features such as safety-related data, location-based data, diagnostic data, communication features and interactivity features. These features help the commercial vehicles to keep a complete track of the vehicle and are very useful in various instances such as breaking down of the vehicle, track fuel efficiency and radio communication. The segment is likely to grow at a 24.4% CAGR over the forecast period.
North America and Europe together dominated the global market contributing to over 65% of the revenues generated in 2016. The rise in concern of security, driver safety, and the increase in the need for vehicle tracking are some of the key factors resulting in the technology establishing a strong foothold in the regions over the past few years.
PTC, Inc., TomTom Telematics, Zonar Systems, Inc., OCTO Telematics Ltd, Trimble Inc., Verizon Telematics, Inc., Mix Telematics International (PTY) Ltd, Koito Manufacturing, Omnitracs, LLC, Masternaut Limited, Inseego Corporation and Volkswagen Commercial Vehicles are some of the key players in the market.
Hexa Research has segmented the global commercial telematics market on the basis of solution, services, vehicle type, product, source and region:
Segmentation By Solution, 2014 - 2025 (USD Million) • Fleet/Asset Management • Navigation & Location Based Systems • Infotainment Systems • Insurance Telematics • Safety and Security • Remote Alarm and Incident Monitoring Solutions • V2X • Others
Segmentation By Service, 2014 - 2025 (USD Million) • Integration & Deployment • Consulting & Design • Maintenance & Training Services
Segmentation By Vehicle Type, 2014 - 2025 (USD Million) • Passenger Cars • Commercial Vehicles
Segmentation By Product, 2014 - 2025 (USD Million) • Hardware • Software
Segmentation By Source, 2014 - 2025 (USD Million) • Aftermarket • OEM
Segmentation By Region, 2014 - 2025 (USD Million) • North America • U.S. • Canada • Europe • France • UK • Germany • Asia Pacific • India • South Korea • Japan • China • Central & South America • Brazil • Mexico • Middle East & Africa
Key Players Analyzed • PTC, Inc. • TomTom Telematics • Zonar Systems, Inc. • Octo Telematics Ltd. • Trimble Inc. • Verizon • Mix Telematics • AirIQ Inc. • Omnitracs, LLC • Masternaut Limited • Inseego Corporation • Volkswagen Commercial Vehicles
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Global Commercial Drone Market size is estimated to reach USD 2,069.6 million by 2022, as per a new research report by HexaResearch. Increasing application of these machines in various industry sectors such as military, agriculture and energy among others is expected to drive industry demand. Growing investments in industrialized markets for technology innovation and commercialization is likely to provide opportunities for future applications in the commercial drones market.
Drones are being increasingly used for commercial purposes such as delivering products to customers without hiring a driver. For instance, Dominos adopted these machines in order to deliver food items. In addition, solar powered drones with five years airborne capacity are increasingly used as mobile access points to provide internet access in remote areas. Media and entertainment industries are expected to fuel the demand considerably owing to its small size and flying capability. These machines are also used in real estate industry to capture aerial shots of the infrastructure.
Rotary blade accounted for over 75% of the overall industry share in 2014. It is expected to dominate the industry due to its fixed position hovering and multi-directional flying capability. Nano drone was valued at USD 38.7 million in 2014 and is projected to witness highest growth rate over the forecast period. This spur can be addressed to its portability and efficient application in security and photography activities
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Event organizers are increasingly using drones for safety and proper crowd management. Growing usage in law enforcement activities is projected to fuel the demand. It is mainly used to gather evidence and also investigate crime scenes by capturing high definition videos as well as photos.
Strict government norms regarding safety and privacy concerns are anticipated to hinder the industry growth. Scarcity of trained pilots in the industry owing to lack of training and career opportunities pose as a key challenge to the industry demand. Commercial drones are anticipated to witness significant growth opportunities due to increasing demand from agriculture industry for crop management to augment yields.
Key report insights suggest:
- Global commercial (UAV) drone market was valued at USD 552.0 million in 2014 and it is likely to reach USD 2,069.6 million by 2022 growing with an estimated CAGR of 16.9% from 2015 to 2020.
- North America captured majority of the market share and dominated the regional demand owing to high production and increasing applications in commercial sectors. Asia Pacific was valued at USD 117.8 million in 2014. The region is expected to witness significant growth due to prominent use of drones for agricultural purposes.
- Agriculture accounted for 24.13% of the overall industry share in 2014. It is projected to be valued at USD 557.8 by 2022 owing to crop monitoring activity for enhancing yield. Government sector was value at USD 245.4 million in 2014. It is likely to reach USD 846.1 million by 2022 growing at a CAGR of 15.6 % from 2015 to 2022 over the forecast period.
- The commercial drone industry consists of top three participants occupying majority of the industry share. DJI Innovations dominated the industry with over 43% share in 2014. Key industry players encapsulate Parrot SA and AeroVironment Inc among others.
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Traditional advertisement has taken a back seat to make way for novel technologies like interactive ads on mobile phones, websites, and digital billboards. Digital signage systems encompass digital devices that can display information or content.
The Digital Signage Market is predicted to reach revenues worth USD 20.1 billion by 2020, as per a report by Hexa Research. It was worth around USD 13.3 billion in 2013. The market will display 6.1% CAGR from 2014 to 2020. Factors like improved user experience, decreasing prices of display panels, and cost-effective promotion should positively impact the market.
The digital signage market is divided on the basis of technologies, applications, and geographies. Technologies like LCD, LED, and front projection are expected to propel the market. LCD had lion’s share in 2013, and accounted for more than 50% of the global revenues that year. LED will be adopted in the near future for saving energy.
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The market finds applications in banking, healthcare, education, retail, and transportation. Companies utilize point-of-sales (POS), point of transit (POT), point of purchase, and infotainment to entice consumers. Retail had more than 40% share in 2013 and would dominate the digital signage market over the next six years.
The sector of healthcare has utilized digital signage to provide registration information on cell phones, tips on better health, and guidance to visitors. Geographies wise, North America captured more than 35% of the total demand in 2013. It will face increased demand from various sectors owing to advanced infrastructure and technology.
Asia Pacific has the highest potential on account of decreasing prices of LCDs and favorable regional conditions. The worldwide digital signage market includes major players in Nippon Telegraph and Telephone (NTT) Corporation, Microsoft Corporation, Cisco Systems Inc., and LG Electronics. It is expanding swiftly due to product developments and technological advancements by its players.
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The global Automotive Collision Repair Market to reach USD 206.46 billion by 2025, driven by a surge in automobile production, digitalization of automobile repair services and advances in manufacturing technology such as 3D printing of automotive parts to optimize costs. Europe was the largest market accounting for 44.9% of the revenue share in 2016. However, it is expected to lose its share over the forecast period on account of increase in trade barriers created by Brexit.
The increase in demand for vehicles driven by improvement in lifestyle in developing countries such as India and Brazil is expected to drive the growth of the market. Asia Pacific is anticipated to witness the fastest growth over the forecast period at a CAGR of 3.7% on account of increase in production and sale of automobiles and rising living standard. The increase in the number of vehicles on the road in countries such as China and India is expected to drive growth.
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The automobile industry is expected to grow on account of increasing demand for passenger cars. Increasing number of accidents due to the lack of proper infrastructure is projected to drive the demand for spare parts and other special tools. The collision repair market is expected to grow at a CAGR of 2.5% from 2017 to 2025. The requirement of quick turnaround time for replacement of parts is likely to be an opportunity for growth of the market.
Companies are investing extensively in R&D to enhance technology. For instance, in July 2016, BASF announced plans to step up its R&D activities for automotive coatings to a new world-class platform at the BASF Innovation Campus Asia Pacific in Shanghai, China.
In addition to this companies are adopting the strategy of merger & acquisition. In February 2016, 3M Automotive Aftermarket Division collaborated with the German-based Tool Technic Systems AG & Co. KG to provide the collision repair industry a comprehensive surface preparation and finishing system. The new system is expected to launch in US and Canada impacting the growth of the market in North America.
In September 2016, BASF acquired Guangdong Yinfan Chemistry, China. This acquisition resulted in an addition of Yinfan’s products to BASF’s portfolio and enabled BASF to expand its portfolio in Asia Pacific.
Hexa Research has segmented the global automotive collision repair market on the basis of product, vehicle type, end-use and region:
Segmentation by product, 2014 - 2025 (USD Million) • Paints & Coatings • Consumables • Abrasives • Fine Abrasives • Coarse Abrasives • Compound • Polishes • Glazes • Paint Spray Equipment • Paint cups • Others • Cleaners and Removers • Buffing pads • OthersSegmentation by type of vehicle, 2014 - 2025 (USD Million) • Light Duty Vehicle • Heavy Duty VehicleSegmentation by end use, 2014 - 2025 (USD Million) • OEM Manufactures • Recycled OEM • Aftermarkets • Refurbished ProductsSegmentation by region, 2014 - 2025 (USD Million) • North America • US • Canada • Mexico • Europe • Germany • UK • Asia Pacific • China • Japan • India • Central and South America • Brazil • Middle East and Africa • Saudi Arabia
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The global Baby Monitors Market size to reach USD 1.63 billion by 2025, driven by the increasing number of working parents in countries such as U.S., Germany, France, and China. These monitors help working parents to keep a track on their baby when they are away from home or at the workplace.
The U.S. was the largest market in North America accounting for 47.9% of the revenue share in 2016. The rise in the adoption of baby products and advanced technology has been one of the main reasons for market growth.
Online retail platforms have been one of the driving forces for the increased sales of baby monitors globally. Rising awareness regarding infant protection, growing disposable income, and an increase in nuclear families are other crucial factors that have boosted growth. Keeping these driving forces in mind, companies have been aiming at capturing the global baby monitor market and ramping up their product portfolio.
Growing prevalence of internet has resulted in an increasing number of parents purchasing goods online. Furthermore, increasing trend of parents to have their infants in close range and communicate even when they are at home or workplace is expected to bolster the growth of the market.
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Developing economies such as India, China, Brazil, South Africa, and Thailand offer lucrative prospects for the monitors market, owing to the huge population, increase in the number of women workforce, enhanced level of education, and increase in disposable income. Moreover, changes in one-child policy in China is likely to drive the market in the region.
Key players have developed baby monitors with advanced features to brace their market presence. Audio & video baby monitors with features such as color LCD screen, night vision, and others are fast traction in the marketplace. Other configurations being incorporated in high-end devices include heart rate monitoring, movement sensors, and alarms. These devices accounted for 50.6% of the global market share in 2016.
Prominent players present in the market include Samsung Electronics Co. Ltd, FLIR Systems Inc., Angelcare Monitors Inc, Motorola Mobility LLC, Tomy Company Ltd., Withings Inc., Shenzhen Foscam Intelligent Technology Company Ltd., Summer Infant Inc, Dorel Industries Inc, and VTech Holdings Limited.
Hexa Research has segmented the global baby monitors market based on product and region:
Segmentation by Product, 2014 - 2025 (USD Million) • Audio & video baby monitor • Motion detection baby monitor • Audio baby monitor
Segmentation by Region, 2014 - 2025 (USD Million) • North America • U.S. • Europe • Germany • France • UK • Asia Pacific • China • Rest of the World
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