Reduce Rising Crime Rate is Anticipated to Propel Demand for Video Analytics

26-November-2018: According to a report by Grand View Research, Inc., global video analytics market is anticipated to value USD 9.4 billion by 2025. Growing requirement for timely alert regarding unusual and suspicious activities to reduce rising crime rate is anticipated to propel demand for video analytics. Video analytics is likely to offer multiple useful features such as enhanced reliability, improved accuracy, and cost-effectiveness, which are likely to boost its significance in business intelligence.

Increasing use of video analytics in criminal investigations to reach essential clues that can help solve complicated cases can augment market growth. Rising concerns over public safety attributed to increasing number of criminal activities can fuel growth of market. In addition, growing adoption of video analytics in retail sector for estimating display effectiveness, gender bifurcation, average footfall, retail, and healthcare can influence market growth during the forecast period (2014 to 2025).

The video analytics market can be segregated on the basis of type, deployment, application, end-use, and region. Based on type, the market can be bifurcated into services and software. Both service and software are likely to offer features which can be customized according to consumer’s requirements. Software can help in detecting wide range of events including vehicles, objects, and people. It can also analyze videos from multiple sources.

Video analytics can enable detection of minute things even in low visibility and support central management of analytics in deployment that can be accessed anytime and anywhere. This access can be granted using web browser with alarms based on user-defined rules and real-time scene analysis.

Based on deployment, the market can be divided into on-premise and cloud. Cloud segment is anticipated to grow at phenomenal CAGR of 24.5% during the forecast period. Shifting focus of organizations from conventional on-premise installations to cloud deployments can augment growth of segment. Cloud segment can comprise of software as a solution (SaaS), which can enable on-demand subscription model and management of processes. This, in turn, can charge consumers based on number of subscriptions.

However, on-premise business operations are likely to be carried out on user’s company site with dedicated server. In such cases software is expected to be owned completely by the company.

Based on application, the market can be categorized into facial recognition, intrusion detection, crowd management, license plate recognition, motion detection, and others. Crowd management segment is expected to contribute for maximum growth of market attributed to increasing use of video analytics to monitor and control huge crowd at public events. Video analytics when combined with smart surveillance systems can enable critical situation alerts on real-time basis.

Based on end-use, the market can be classified into education, government, retail, transportation, critical infrastructure, city, BFSI, and others. In 2016, retail segment dominated the market and accounted for market share equivalent to USD 418.6 million. Rising demand for video analytics in retail sector is likely to fuel growth of segment during the forecast period.

On the contrary, shifting focus of end-users such as government, BFSI, transportation, city, and critical infrastructure from basic security surveillance to understanding crowd patterns and behavior of individuals can stimulate market growth.

Regional segmentation includes North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. In 2016, North America dominated the market and accounted for market share equivalent to USD 736.6 million. High prevalence of key market players is likely to fuel growth of market in the region. In addition, shifting focus of organizations on safety and security by implementing video analytics can augment market growth.

Asia Pacific region is anticipated to emerge as second largest market after North America in terms of revenue. Strong economic growth in countries such as China, India, and Indonesia can fuel market growth in the region. These economies are expected to invest in intelligent surveillance security systems to increase safety of their citizens. In addition, rising implementation of industry solutions in Japan, India, and China coupled with growing adoption of cloud-based technologies can augment market growth.

Some of the leading companies offering video analytics are IBM Corporation; Honeywell International Inc.; Cisco Systems Inc.; Agent Video Intelligence Ltd.; and Axis Communications AB.

In-Depth Research Report On Video Analytics Market:

https://www.grandviewresearch.com/industry-analysis/video-analytics-market

Photoelectric Sensors Market Hit USD 2.09 billion by 2025: Grand View Research, Inc.

According to a report published by Grand View Research, Inc.; the photoelectric sensors market is expected to reach a valuation of around USD 2.09 billion by 2025.

Rising adoption of this sensors in various industrial end-use including manufacturing, packaging, and material handling industries can propel the market over the forecast period (2014 to 2025).

Various benefits associated with these sensors such as fast response time, long sensing distances, high resolution, cost effectiveness, extended operating life, low maintenance, and less power consumption are likely to boost their demand in different end-use in industries. 

Development and high adoption of industrial internet of things (IIoT) is also expected to positively drive the market growth in the years to come. These devices aid in improving operational efficiency and productivity in industries. Since, numerous industrial process systems depend on sensors to perceive reliable and accurate data to control and automation. 

IIoT mainly uses these sensors to measure pressures, positions, and several other important production parameters. Additionally, introduction of smart photoelectric sensors is likely to support the market growth during the forecast period. Use of these sensors provide several benefits including reduction in downtime, improved reliability, less maintenance cost, and reduced weight.

Full Research Report On Photoelectric Sensors Market Analysis: www.grandviewresearch.com/industry-analysis/photoelectric-sensors-market

Worldwide photoelectric sensors market can be segmented on the basis of technology, end-use, and region.

As per technology, the market can be characterized into diffused, thru-beam, and retro-reflective.

In 2016, the retro-reflective segment accounted for the major market share and expected to grow significantly. The technology offers efficient sensing of glossy and transparent objects, and small and large objects. It also comprises low installation and maintenance costs. The thru-beam segment is estimated to grow at a CAGR over 5.0%. The technology has capabilities like long sensing distances and stable operation. The diffused segment is expected to expand at a reasonable rate over the study period. Based on end-use, the market can be fragmented into automotive, electronics and semiconductor, military and aerospace, packaging, and others.

Browse More Reports Of This Category By Grand View Research At:  www.grandviewresearch.com/industry/sensors-and-controls

The automotive segment dominated the market in 2016. These sensors are extensively used in sensing vehicles in parking lots, noticing shiny objects, and electronic power steering systems. The use of these sensors has increased in automobiles due to high implementation of emission guidelines. For instance, In Europe, the Euro 6 standards for exhaust emissions involves 56% reduction in nitrogen oxides emission for diesel engines. The packaging segment is likely to grow with the highest CAGR during the projected period. This growth can be associated with increasing automation and high adoption of these devices in packaging. These industries use these products for detecting transparent bottles, detection of wafers in vacuum conveyor system, and conveyor positioning control monitoring.

The military and aerospace segments, and electronics and semiconductor segment are projected to grow sensibly during 2017 to 2025. Increasing expenditure in military across several developed as well as emerging countries is likely to support the military and aerospace segment. Sensors are widely accepted in the military and aerospace sectors for detecting biological agent and surveillance.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa.

In 2016, Asia Pacific estimated for around 35.0% of the overall market. The region is expected to grow at a CAGR of 6.0% over the forecast period. Increasing adoption of IIoT is various industrial facilities, growing technological advancements for improving operational efficiency, and rise in safety directives are likely to increase the demand for these sensors in the coming years. Rise in government regulations and industrial automation in emerging countries such as Japan, China, and India are expected to support6 the market growth in this region.

Europe is expected to grow on account of increasing implementation of strict guidelines for industrial automation in numerous manufacturing settings. The Middle East is also likely to observe promising demand due to existence of oil and gas companies in the region.

Major companies operating in the market include Rockwell Automation Inc.; Keyence Corporation; Panasonic Corporation; Schneider Electric SE; and Autonics Corporation.

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www.grandviewresearch.com/press-release/global-photoelectric-sensors-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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industrial microwave heating equipment market HIt USD 1.4 billion by 2025

15-November-2018: According to a report published by Grand View Research, Inc.; the global industrial microwave heating equipment market is anticipated to reach a valuation of around USD 1.4 billion by 2025. Increasing implementation of magnetrons and Radio Frequency (RF) solid state amplifiers in various end-use industries like food, plastic, paper, and wood can propel market growth during the forecast period (2014 to 2025). In addition, increasing government regulations related to safe use of the equipment can positively impact the market.

Industrial microwave heating equipment reduces over-processing, overheating, and scorching. They also provide instantaneous heating control and are considered eco-friendly as they do not produce combustion byproducts. The equipment has applications including tempering and blanching, drying and sterilizing, foaming plastic materials, rubber curing and tire pre-heating, final drying at paper making, polymerization, and drying synthetic and coated paper. All these factors are anticipated to drive the market demand over the forecast period.

The worldwide industrial microwave heating equipment market can be segmented on the basis of equipment, end-use, and region. Based on equipment, the market can be bifurcated into magnetrons and RF solid state amplifiers. The RF solid state amplifiers segment is expected to expand at a CAGR of around 13.0% over the forecast period. High demand from various end-use industries is anticipated to spur the market growth in the forthcoming years. These amplifiers offer better operating life, frequency tuning, fast frequency hopping, and high precision output power control. Frequent technological developments are expected to bode well for the adoption of this product in near future.

As per end-use, the market for industrial microwave heating equipment can be fragmented into food, paper, plastics, chemicals, wood and derivatives, and others. In 2016, food industry acquired the largest market share and is likely to grow at a CAGR of close to 7.0% during 2017 to 2025. Extensive usage in food industry due to versatile applications in cooking, sterilizing, drying, foaming, tempering, and blanching can propel segment growth.

The plastic segment is expected to expand at a CAGR of over 6.0% during the estimated period. Rising applications in drying casting cores, melting optical fibers with high polypropylene content, preheating plastic profiles, and heating epoxide pipes/tubes and heat-shrinkable molded parts are expected to impel demand over the forecast period.

Geographically, the market for industrial microwave heating equipment can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, Europe accounted for the largest market share with around 34.0%. It is expected to display significant expansion at around 6.0% CAGR during the forecast period. This growth is attributed to rapid industrialization and implementation of strict government regulations regarding use of microwaves/RF equipment in industrial processing. This region is home to various technology-driven nations and is likely to witness exponential rise in adoption of RF solid-state amplifiers  in the years to come.

In 2016, North America and Asia Pacific collectively accounted for over 50% of the overall market share. Both the regions are expected to register significant CAGR during the forecast period. This growth can be accredited to availability of chemical, paper, and food companies. Middle East and Africa and Latin America are expected to exhibit considerable growth over the forecast period.

Key players operating in the industrial microwave heating equipment market include Toshiba Hokuto Electronics Corporation, Communications & Power Industries LLC, Richardson Electronics, Ltd., Muegge GmbH, and L3 Electron Devices. Major companies are increasingly investing in research and development activities to provide energy efficient and affordable products. They are also focusing on inorganic growth strategies like mergers and acquisitions and joint ventures to sustain market competition and gain higher profit margins. Market players are also trying to maintain their position in global scenario through enhanced distribution channels and services.

In-Depth Research Report On Industrial Microwave Heating Equipment Market:

https://www.grandviewresearch.com/industry-analysis/industrial-microwave-heating-equipment-market