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U. S. Market for Automotive HVAC is Expected to Register 8% CAGR till 2024

June 19, 2018 10:06AM, 0 comments

The global Market for Automotive HVAC (Heating, Ventilating, and Air Conditioning) was estimated at USD 12 billion in 2015 and is anticipated to grow at a CAGR of over 8 % over the forecast period (from 2016 to 2024). The growing production of the passenger vehicles along with the rising income levels is projected to augment the global market growth over the next few years.

Improved lifestyles and rising customer awareness about the energy-efficient products are projected to contribute towards the automotive HVAC market growth. Various technological improvements and innovations for cost-effective and efficient products are also driving the demands extensively. Negative impact on the economy of automobile fuel is likely to hinder the market growth; however, the effects of this restraint are said to decrease in the long term. The global HVAC market is categorized as applications, technologies, and regions.

The application sector involves Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), and passenger cars. The passenger cars sector dominated the market in 2015 accounting for the revenue share of over 60 %. This is mainly because of the increasing demands for passenger vehicles along with the rising sales of luxury vehicles globally. Demands in the LCV sector is anticipated to grow at a CAGR of 8 % during the estimated years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-hvac-market

The technologies segment comprises automatic and manual. The automatic systems sector led the automotive HVAC market in 2015 occupying over 60 % of the overall share. It is further projected to grow at a CAGR of 10 % during the forecast period. The manual systems are a common installation in budget vehicles. The advent of multi-zone systems makes it easier for vehicle manufacturers to modify and install better comfort features in their products.

Geographically, the U. S. market for automotive HVAC is expected to grow at a CAGR of over 8 % over the estimated years. The European market is also projected to boost nature-friendly technology demands in Europe due to the favorable initiatives by the government to control the energy consumption. The APAC region is expected to grow at a CAGR of 9 % over the next eight years.

Some of the major companies operating in the automotive HVAC market are Mahle Group; Denso Corp.; Hanon Systems; and Valeo S. A.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

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Military Radar Systems Market is Set to Value USD 14.46 billion by 2024

June 19, 2018 10:06AM, 0 comments

The global MilitaryRadar Systems Market to reach USD 14.46 billion by 2024, driven by the rising need for improving safety and security on the borders and rising conflicts among neighboring nations. North America was the largest regional market commanding the highest revenue share in 2016 and is expected to maintain its dominance over the forecast period.

The region is home to many active vendors such as Raytheon Company and Northrop Grumman Corporation in the defense market at large. Rise in investment activities, especially in developing countries such as China and India to strengthen their armies is expected to boost the military radars systems market over the forecast period.

The ground-based radar platform dominated the market owing to its uses and applications in surveillance and weapon guidance. The segment is expected to continue to dominate the market over the forecast period as well. Airborne radars are widely used for guiding missiles and for tracing accurate and precise targets. Naval radars are expected to follow a similar growth trajectory with an expected increase in demand over the forecast period.

Browse Details of Report @ https://www.hexaresearch.com/research-report/military-radar-systems-market

Growing safety and security concerns with the nations along with rising investments and defense budgets are expected to spur growth in military radar systems market. Technological advancements in the military radar systems industry are leading to the growth and development of lightweight military radars which is projected to add to the growth of the market over the forecast period.

The military radar systems market is estimated to witness growth in demand owing to the escalation in terrorist activities, border intrusions, and inter-country conflicts. Military radars are used for accurate and precise detection, surveillance, tracking, warning, and ground mapping of weapons and aircraft in the war zone.

While the market for military radar systems is expected to grow over the forecast period, it remains susceptible to the prevailing economic situations. The result of economic slowdown has affected military spending in many countries, hindering the growth opportunities for defense market at large.

European countries, such as Germany, UK, and Russia have observed cut down in defense expenditure owing to the financial crises and macroeconomic conditions. Furthermore, the development of space-based radars involves considerable expenditure on R&D activities, engineering, and production.

Hexa Research has segmented the global military radar systems market based on platform, application and region:

Segmentation by platform, 2014 - 2024 (USD Billion) • Ground-Based • Naval • Airborne • Space-based

Segmentation by application, 2014 - 2024 (USD Billion) • Weapon guidance system • Surveillance

Segmentation by region, 2014 - 2024 (USD Billion) • North America • U.S. • Asia Pacific • China • India • Europe • France • UK

Key players analyzed • Lockheed Martin Corporation • Boeing • Northrop Grumman Corporation • Raytheon Company • Saab Sensis Corporation • BAE System PLC • Airbus Group • General Dynamics Corporation • Leonardo DRS • Harris Corporation

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Automotive Air Filters Market to go Beyond USD 6 billion by 2020

June 13, 2018 07:06AM, 0 comments

Automotive Air Filters Market is likely to cross over USD 6 billion by the end of 2020. According to the new research report by Hexa Research, The growing demand of automotive industry, especially in nations like BRIC, with growth in industrialization and increase in disposable income to remain a key driving factor in the global market. Rising consumer awareness regarding health disorders that are caused due to contaminated air the car cabin is also estimated to have a positive influence on industry.

Global automotive air filters segment was dominated by Cabin filters which contributed for over 50% of total market revenue in 2013.These product segment are expected to be the fastest growing product segment at an approximate CAGR over 8.5% from 2015 to 2020.Consumers’s focus towards the reducing the bad odor and reducing the health disorders caused by air pollutants inside the vehicles is estimated to increase demand for cabin filters over the forecast period.

Browse Details of Report @ https://www.hexaresearch.com/research-report/global-automotive-air-filters-industry/

Largest application for automotive air filters market was Passengers cars which contributed for around 51.3% of market revenue globally in 2013.With growing passenger’s cars ownerships especially in emerging markets of Brazil, India and China are likely to drive air filter demand in passenger cars. The demand for Automotive air filter is estimated to grow for two wheelers with CAGR for around 8.3% from 2015 to 2020.In 2013, Aftermarket dominated automotive filter demand contributing for total 49.1% of market revenue. Major regional market for Automotive Air filters were Asia Pacific, estimated to grow at the CAGR of around 8.4% from 2015 to 2020.

In 2013, Major Market participants were accounted for around 50% of market revenue. The market had experienced acquisitions and mergers in last few years. The market is about to move towards consolidation in upcoming years. Few leading participants operating in market are Mahle Industries, Mann + Hummel, Cummins and Affnia.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

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Home Automation Market to Value $39.88 Billion by 2024

June 11, 2018 12:06PM, 0 comments

The global Home Automation Market is expected to reach USD 39.88 billion by 2024, driven by rising necessity of consumers for protection against fire and break-ins. Availability of automated systems that can be operated over high-speed Wi-Fi, powerful smart phone ubiquitous, and growing popularity of Internet-connectable gadgets is expected to drive market growth. Moreover, reduced energy consumption and availability of a broad range of products is anticipated to boost the home automation market.

North America was the largest market accounting for 35.7% of the share in 2016, owing to the adoption of the technology and availability of affordable solutions is expected to augment market growth. Europe is expected to witness sluggish growth over the forecast period on account of market saturation. Factors such as awareness towards security & safety of property, particularly in countries such as Germany, UK and France, is expected to drive the market over the forecast period. Asia Pacific, Central & South America, and the Middle East are expected to lead the global home automation market in the next few years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/home-automation-market

Wireless systems were extensively used and are expected to witness a growth at an 11.7% CAGR on account of shift of consumers to a hands-free method of operation. Computing network is anticipated to achieve substantial growth in future owing to the availability of wearable computing devices and high-speed internet connectivity.

Safety & security was the largest contributor and is expected to witness the fastest growth on account of advancement of technology such as biometric enabled lock system, camera feeds, and alarm systems which prevent theft and burglary. Mainstream automation systems are expected to witness significant growth in upcoming years on account of its ability to integrate all smart electronic appliances to form one intelligent system which can be accessible by the user.

Custom automation systems are anticipated to grow on account of its ability to provide features which suit the personal requirement of the customer. Moreover, these systems are available over a broad price range, thus, providing a consumer with the option of picking and choosing functions that suit their homes.

Hexa Research has segmented the global home automation market based on technology, application, type and region:

Segmentation by networking technology, 2014 - 2024 (USD Million)

Wired systems Power-line systems Computing networks Wireless systems

Segmentation by application, 2014 - 2024 (USD Million)

Lighting Safety & security HVAC Entertainment Energy management Others

Segmentation by type, 2014 - 2024 (USD Million)

Custom Automation Mainstream Automation System Do-It-Yourself (DIY) Managed Home Automation

Segmentation by region, 2014 - 2024 (USD Million)

North America

• U.S.

Europe

• Germany

• UK

Asia Pacific

• China

Central & South America

• Brazil

MEA

Key players analyzed

Siemens AG ABB Honeywell Crestron Electronics, Inc. Schneider Electric Johnson Controls, Inc. Control4 Corporation Ingersoll-Rand PLC Legrand Leviton Manufacturing Company, Inc.

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Ebook Market is Driven by Rising Adoption of Smartphones and Other Digital Reading Platforms

June 11, 2018 10:06AM, 0 comments

The global E-book Market is set to reach USD 29.43 billion by 2024, primarily driven by the advancement in technology, rising population of educated youth, increasing smartphone penetration across the globe, government policies promoting smart education, free accessibility and e-book reader applications. Moreover, the availability of an online translation of e-book in various local languages is anticipated to drive the market over the forecast period.

Asia Pacific is anticipated to witness the fastest growth over the forecast period on account of rising adoption of smartphones and other digital reading platforms such as Adobe eBook platform and Kindle. India and China have a large number of educational institutes than any other country in the region. These educational institutes are preferring e-books over the conventional books to reduce the space as well minimize the cost attached to with paper books.

Over 60% of the books sold in this region are educational owing to the higher number of educational institutes. Preference of digitalization, especially journals in STM (Science, Technology and Medicine), to access a larger volume of data seamlessly is expected to propel growth. This factor is expected to drive the growth of the nonfiction & education segment, resulting in 28.4% contribution to the overall market by 2024.

Fictional books contributed to the largest revenue share in 2016. The demand for the genre has been increasing on account of consumer preference for leisure reading, and the segment is expected to grow at a 7.8% CAGR over the forecast period.

Browse Details of Report @ https://www.hexaresearch.com/research-report/e-book-market

The industry has been characterized by the presence of big companies that have been operating in the market for a substantial period including Amazon, Hachette, Harper Collins, Penguin Random House and Kensington Publishing. These companies have been focusing on marketing strategies on expanding the reach of the market to consumers located in urban as well as rural areas. These companies are also expanding their user base within cities.

For instance, Kindle Unlimited is a new feature launched by the firm which gives users access to the thousands of audiobooks and e-books every month. This app also has a library management feature which helps readers to organize e-books without any difficulties. The popularity of digitization and accessibility is expected to grow in tandem with the development of digital books industry.

Hexa Research has segmented the global E-book market based on genre and region:

Segmentation by Genre, 2014 - 2024 (USD Million) • Fiction • Nonfiction & education • Literature • Children’s book • Comics & graphic novels • Others

Segmentation by Region, 2014 - 2024 (USD Million) • North America • U.S. • Europe • Germany • UK • Asia Pacific • China • India • Rest of World

Key players analyzed • Amazon • Hachette • Harper Collins • Penguin Random House • Kensington Publishing • Bloomsbury India • LuLu

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Library Management Software Market to Value USD 2.80 Billion by 2024

June 11, 2018 07:06AM, 0 comments

The global Library Management Software Market is expected to reach USD 2.80 billion by 2024. Emerging trend automating library functions is expected to be one of the key driving factors of the market. In 2016, North American dominated the global market contributing to 40.5% of the market share pertaining to the increasing number of online libraries along with corporates. Asia Pacific is expected to grow at the fastest CAGR over the forecast period pertaining to the increasing awareness of education in the region.

In compliance with the driving factors, companies are focusing on software development as well as mergers and acquisitions to expand their presence in global market. For instance, in October 2015, ProQuest successfully acquired Ex Libris to provide new solutions that will help libraries to seize the opportunities in rapidly changing technology. This strategy has been helpful to both libraries and the company’s financial position on accounts of profound investments in research and libraries.

The companies are also focusing on expanding their software portfolio to maximize its end use through means of various strategies. For instance, in April 2015, EBSCO acquired an online platform named LearningExpress which would benefit the company to expand its student library range to help the students improve their academic skills and get ready for mock test series.

Browse Details of Report @ https://www.hexaresearch.com/research-report/library-management-software-market

Cloud-based library solutions dominated the global library software market in 2016 and are expected to maintain its position over the forecast period. Furthermore, the cloud-based software was extensively used owing to several benefits like multi lingual articles, multiple format support and easy access. Furthermore, steady demand for on-premises solutions on account of several benefits including user comfort, pleasant surrounding along with rising footfall of students is expected to upsurge the progression of the market. This segment is expected to grow at CAGR of 2.7% over the projection period

The lucrative growth of library management software market primarily driven by increasing tangible stock which is also likely to be favored by easy access and use through smartphones or any other online platforms. These factors are expected to result in a noticeable growth of the global library management software market over the next forecast period.

Hexa Research has segmented the global library management software market based on deployment, end-use and region:

Segmentation by deployment, 2014 - 2024 (USD Million)

Cloud based On-premises

Segmentation by end-use, 2014 - 2024 (USD Million)

School Library Public Library Academic Library Others

Segmentation by region, 2014 - 2024 (USD Million)

North America

• U.S.

Europe Asia Pacific

• China

• India

Central & South America MEA

Key players analyzed

Civica Pty Limited ProQuest Innovative Interfaces, Inc. SirsiDynix Book Systems Inc Insignia Software. PrimaSoft PC Follett Corporation Soutron Ltd. LIBSYS Ltd.

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Internet of Everything Market is Predicted to Surpass USD 7,000 billion by 2020

June 08, 2018 06:06AM, 0 comments

Internet of Everything (IoE) is a systematic connection of data, things, processes and people. It enables the convergence of previously unconnected physical and digital domains. IoE is drastically changing the way business organizations function. It is affecting not just technological areas of enterprises but also crucial business strategies.

Market Growth Drivers

The worldwide Internet of Everything(IoE) market is expected to grow substantially in the future. It is likely to observe a CAGR of more than 16% during 2014 to 2020. The market would exceed USD 7,000 billion by 2020.

Accelerated internet penetration, proliferation of connected devices and growing expenditure on technology across the globe will be the crucial drivers of the worldwide Internet of Everything (IoE) market. IoE is being adopted by various public and private institutions, like educational establishments; non-governmental organizations; healthcare bodies; federal & state governmental agencies, etc.

Faster networks, internet security equipments and high speed processors are also estimated to propel the demand for the Internet of Everything (IoE) Market. The emergence of big data analytics would prove favorable for the market. Moreover, the rising demand for Information and Communications Technology (ITC) products, particularly in Asia Pacific, is also anticipated to escalate the sales of the Internet of Everything (IoE) market.

Browse Details of Report @ https://www.hexaresearch.com/research-report/internet-of-everything-market-analysis/

Market Restraints

Internet security issues are likely to hamper the future prospects of the Internet of Everything (IoE) market. Lack of high-speed connectivity in many regions will pose a challenge for high-traffic data transfer, thereby restricting further growth of the market.

The success of the Internet of Everything (IoE) market depends on some factors. These are compatibility of hardware and software; proper synchronization; improvements in wired and wireless infrastructure; advancements in data mining; and analysis; etc.

Business Verticals - Insights

The Internet of Everything (IoE) market can be divided into two business verticals - business to business (B2B) and consumer.

B2B can be further spit into retail; manufacturing; transportation; banking; financial services & insurance; utility; healthcare; public; and communication & media. Within the B2B vertical, the highest demand for IoE services was generated by the manufacturing sector.

Manufacturing captured a share of over 30% in 2013. Public followed manufacturing and was valued at 20% of the worldwide Internet of Everything (IoE) market. Healthcare, with a CAGR of more than 20% from 2014 to 2020, is foreseen to grow most rapidly.

The consumer business vertical registered income worth about USD 624 billion in 2013.

Regions - Outlook

The key regional segments in the Internet of Everything (IoE) market are Asia Pacific, Latin America, Middle East & Africa, Japan, North America, Eastern Europe and Western Europe. North America assumed leadership in 2013. It accounted for more than 33% of the total revenue. The region is likely to grow strongly at a CAGR of 14% by 2020.

It was followed by Western Europe. Western Europe and Asia Pacific together, contributed approximately 20% of the worldwide Internet of Everything (IoE) market revenue in 2013. Asia Pacific is anticipated to grow the fastest. It would expand at a CAGR of more than 18.5% from 2014 to 2020.

Components - Overview

Based on components, the Internet of Everything (IoE) market is categorized into infrastructure enablement spending; intelligent systems; and services enablement spending. Intelligent systems were worth USD 1,500 billion in 2013.

They are expected to grow at a CAGR of 15% from 2014 to 2020. Infrastructure enablement spending is likely to be the fastest growing component by 2020. It is estimated to register revenue worth around USD 1,160 billion in 2020.

Competitive Profile

Some of the participants of the Internet of Everything (IoE) market are Ericsson, Cisco Systems Inc., Oracle Inc., Vodafone Group Plc., Google Inc., and Hewlett-Packard Company. The others are IBM Corporation; Apple Inc.; Samsung Electronics Co. Ltd.; and Accenture Inc; among others.

These players focus on technological advancements to grow and stay competitive. Consolidation through mergers, acquisitions and strategic alliances are common among them.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/communication-services-industry

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ATM Market is Projected to Garner over USD 26 billion by 2024

June 07, 2018 07:06AM, 0 comments

The ATMMarket (Automated Teller Machines Market) is estimated over USD 26 billion by 2024, growing at nearly 10% CAGR during the forecast period (2016-2024). It was valued about USD 12.5 billion in 2015. Technological breakthroughs and improved safety amid rising wireless devices will drive the ATM market in the next eight years. This can result in lessened frauds and safe consumer financial transactions.

ATMs find active encouragement from banks and other financial institutions. They help reduce bank queues. These machines benefit customers by assisting them make cash withdrawals, transfers, and deposits. They are adopted widely since they provide a multitude of options for fiscal transactions.

Online cash transfers and other transaction modes hinder the ATM market. Introduction of solar & smart ATMs across India and China is expected to provide industry opportunities. Rising competition among banks to expand their customer base should give the market a fillip.

Browse Details of Report @ https://www.hexaresearch.com/research-report/atm-market

The ATM industry, divided on the basis of solutions, includes managed services and deployment. Deployment has enabled customers to avail banking services 24/7. It accounted for 70% revenues in 2014. This was attributed to growing IT companies worldwide. Worksite, offsite, onsite, and mobile ATMs constitute deployment solutions. Worksite is expected to generate over USD 2.6 billion by 2024.

Onsite machines are installed within bank premises. They reduce staff-pressure and error-probability. These factors would drive sub-segment demand in the near future. Mobile ATMs decrease customers at trade fairs and sports events. They may grow at a CAGR close to 13% till 2024. These machines give banks the chance to lessen the traffic at populated places and extend their reach.

Managed services allow banks to move their non-core activities to trained service providers & concentrate on their core business. They are involved in retaining customers & offering cross-selling opportunities. Managed services will grow at a CAGR above 11% from 2016 to 2024. Their outsourcing can bring good returns, complying with regulatory policies. Firms such as Diebold Inc. and Wincor Nixdorf AG provide such services at low costs.

In view of regions, the ATM market consists of North America, Asia Pacific, Europe, and the MEA (the Middle East & Africa). North America dominated in 2014 but will face a decline till 2022. Its trend of trading in digital currency has encouraged the adoption of Bitcoin ATMs in the region. The U.S. is the best market (in terms of performance), bound at over USD 9 billion by 2024. Its integration of biometrics, remote assistance, & video conferencing can drive regional sales. U.S. banks have implemented Europay/Visa/MasterCard IC encryption to ensure added security.

Europe is predicted to experience a similar trend on account of saturation and rising operational costs. Asia Pacific will grow at a CAGR above 12% during the forecast period due to its self-service machines and ever-increasing customer base.

Increased IT dependence has led players of the global market to create devices with multiplatform compatibility. Notable players are GRG Banking, Nautilus Hyosung, Euronet Worldwide, and NCR Corporation. Mergers and acquisitions are one of the strategies adopted by companies to maintain industry hold. For instance, Euronet acquired Pure Commerce in 2013 to broaden its global reach.

Browse Related Category Market Report @ https://www.hexaresearch.com/research-category/digital-media-industry

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Wireless Charging Market to Exceed $20 Billion By 2024

June 06, 2018 01:06PM, 0 comments

Wireless Charging Market is expected to grow beyond USD 20 billion by 2024. Elimination of cables allows clutter-free charging, which has impelled the consumption levels. Another growth driving factor for the global market includes the growing demands for smartphones, specifically in India, China, and South Korea. The rise in infrastructural development, digitization, and network communications has also driven the growth. Moreover, rising demands across the automotive industry on account of the increased sales of electric vehicles is also a key market driver. The global market is segregated as applications, technologies, and regions.

The application sector includes defense, consumer, automotive, healthcare, and industrial. The consumer application sector led the global market and is expected to generate a revenue share of more than USD 16 billion by 2024. Rising demands for wireless chargers is likely to augment the segment. The healthcare sector is projected to be the most lucrative application sector, with a CAGR of over 38 % over the forecast period (from 2016 to 2024).

Browse Details of Report @ https://www.hexaresearch.com/research-report/wireless-charging-market

The technology sector comprises resonant, Radio Frequency (RF), and inductive. Inductive wireless charging market led the overall technology sector, particularly in the automotive industry, in 2015. However, this technology is inconvenient for a multi-device ecosystem since it permits just a single device to be charged per coil. The RF technology sector is expected to exceed USD 3.5 billion by 2024 growing at a CAGR of over 45 % from 2016 to 2024. This is mainly because it eradicates the necessity for appropriate alignment in case of any small devices.

Regionally, the United States occupied over 30 % of the total revenue in 2015. High tendency to spend on these devices because of the high levels of technological awareness and advancements are anticipated to favorably impact the market growth. In addition to this, significant technological proliferation across various application sectors is also likely to be a key growth driver. The Asia-Pacific wireless charging market is projected to reach USD 12 billion by 2024 growing at a healthy CAGR of over 35 % during the estimated years.

The major companies in the global market include WiTricity Corp.; PowerbyProxi Ltd.; Qualcomm Inc.; and Integrated Device Technology Inc. (IDT). New players generally work together with technology providers and then launch their products. However, huge set-up costs may pose a challenge to these new companies that want to establish and develop their market presence.

Browse Related Category Market Reports@ https://www.hexaresearch.com/research-category/next-generation-technologies-industry

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