Semiconductors And Electronics Industry Insight: March 2019

Monday 18 March 2019

Power Bank Market Hit USD 27.75 billion by 2025: Grand View Research, Inc.

19-March-2019: The global power banks market size is anticipated to reach USD 27.75 billion by 2025 expanding at a CAGR of 18.4% during the forecast period, according to a new report by Grand View Research. Currently, power banks are one of the essential mobile accessories. Increasing demand for power banks and intense competition in the market has led to a reduction in their prices. This is expected to help boost the market growth over the coming years. Rising use of internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally.

Growth in GDP, increased consumer purchasing power, and improved living standards are propelling the growth of the electronics market, which, in turn is driving the power banks market. The 8,001 mAh-20,000 mAh capacity range segment is expected to register the highest CAGR over the forecast period owing to the capacity of these power banks to charge a device multiple times.

The Asia Pacific region led the market in terms of revenue in 2017.Factors, such as growing population and rising penetration of e-commerce in the electronics industry, are augmenting the demand for power banks in Asia Pacific. Thus, the region is expected to witness a significant gain in revenue share over the forecast period. The lithium-ion battery segment held the largest market share in 2017.Lithium-ion batteries offer numerous advantages, such as relatively low self-discharging, high energy density, and low maintenance.

In depth research report on Power Bank Market

https://www.grandviewresearch.com/industry-analysis/power-banks-market

Further key findings from the study suggest:

· The online distribution channel segment is expected to witness substantial growth over the forecast period owing to the growing number of internet users

· The electric power banks segment accounted for the largest market share in 2017

· However, the solar power banks segment is expected to register the fastest CAGR from2018 to 2025

· Countries including U.S., China, Japan, India, and Mexico are expected to witness considerable growth over the forecast period owing to robust industrial development and extensive urbanization

· Major companies in the global power banks market include Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; Microsoft Corporation; Panasonic Corporation; Sony Corporation; ASUS TeK Computer, Inc.; Anker Technology Co.; Intex Technologies; and Ambrane India Private Ltd.

Grand View Research has segmented global power banks market on the basis of capacity range, energy source, battery type, end user, distribution channel, and region.

Power Banks Capacity Range Outlook (Revenue, USD Billion, 2014 - 2025)

· Up to 3,000 mAh

· 3,001 mAh-8,000 mAh

· 8,001 mAh-20,000 mAh

· Above 20,000 mAh

Power Banks Energy Source Outlook (Revenue, USD Billion, 2014 - 2025)

· Electric

· Solar

Power Banks Battery Type Outlook (Revenue, USD Billion, 2014 - 2025)

· Lithium-Ion Batteries

· Lithium Polymer Batteries

Power Banks End User Outlook (Revenue, USD Billion, 2014 - 2025)

· Industrial/B2B

· Consumer Electronics

Power Banks Distribution Channel Outlook (Revenue, USD Billion, 2014 - 2025)

· Online

· Offline

Browse more research reports of this category:

https://www.grandviewresearch.com/press-release/global-power-bank-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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Thursday 14 March 2019

Smart Speakers Market Size is Projected to Reach USD 39.3 billion by 2025: Grand View Research, Inc.

14-March-2019: The global smart speakers market size is expected to reach USD 39.3 billion by 2025 at a 38.7% CAGR over the forecast period, according to a study conducted by Grand View Research, Inc. The ability of a smart speaker to function as a centralized hub that can adequately control other smart home devices is expected to increase their popularity among consumers.

The market is anticipated to witness significant growth over the forecast period owing to various technological advancements. One of the recent technological advancements is Echo Look, launched by Amazon in June 2018. Echo Look is integrated with a camera and programmed to function as a fashion advisor by capturing user’s images. Similarly, in March 2017, Google announced its strategy to incorporate smart displays in their speakers. The Google Assistant Smart Displays can be used to watch recipes, refer to Google maps, and shop online with the visual aid of a screen.

Furthermore, increasing penetration of broadband services, coupled with growing integration of AI technologies, is anticipated to bolster the smart speakers market over the forecast years. Another key factor driving the market is price differentiation. Various smart speaker providers offer their products at varied costs to maintain consumer preferences toward their products. Additionally, smart speakers are expected to be the fastest-growing products among other smart devices included in the consumer electronics portfolio.

Despite growing consumer interest in smart speakers, data security and privacy continue to be primary concerns. These devices gather personal information pertaining to contact details, bank account number, and login credentials from Google Home, which has access to Gmail where users store their personal details. These security concerns may hinder market growth. However, with development of security compliances, the market is expected to overcome this challenge and exhibit an upward growth trend.

In depth research report on Smart Speakers Market

https://www.grandviewresearch.com/industry-analysis/smart-speakers-market

Further key findings from the study suggest:

· Amazon Alexa dominated the market in 2017 and is expected to register a CAGR of more than 19.0% over the forecast years. This growth is ascribed to its massive popularity among consumers and its advanced features such as machine learning and semi-supervised learning techniques

· Several emerging players are entering into collaborations with existing participants to enhance their market presence. For instance, in July 2018, Pioneer Electronics announced its partnership with Amazon, Inc. to introduce Elite Smart Speaker F4 (VA-FW40) enabled with Amazon Alexa voice assistant. Pioneer Electronics is engaged in providing home entertainment products

· The smart speakers market is marked by presence of industry participants such as Apple, Inc.; Amazon; Google; and Xiaomi. These players incorporate effective strategies to maintain their presence and gain popularity among users. For instance, after Amazon introduced its smart speaker in U.S., Xiaomi, Chinese electronics giant, introduced its smart speakers and is currently one of the pioneers in the consumer electronics market. The company holds more than 5% share in the smart speakers market.

Grand View Research has segmented the global smart speakers market based on virtual personal assistants (VPA) and region:

Smart Speakers Virtual Personal Assistant Outlook (Volume, Million Units; Revenue, USD Million, 2015 - 2025)

· Amazon Alexa

· Google Assistant

· Apple Siri

· Others