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

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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.

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Wireless Infrastructure Market is Anticipated to Value USD 116.75 billion by 2025: Grand View Research, Inc.

22-January-2019: According to a report by Grand View Research, Inc., global wireless infrastructure market is anticipated to value USD 116.75 billion by 2025. Growing requirement for high-speed data transmission and connectivity is anticipated to propel demand for wireless infrastructure. These wireless infrastructures are likely to support various businesses in executing multiple tasks simultaneously with ease and efficiency.

Growing adoption of hosted and managed networking and communication services over unified communication systems among enterprises is expected to influence growth of market. High demand for enterprise mobility particularly in telecom sector can augment demand for wireless infrastructure over next few years. Increasing investments from wireless carriers in heterogeneous networks and HetNet infrastructure to cope with coverage requirements and high demand for capacity can influence growth of market. Growing adoption of cloud computing, bring your own device (BYOD), wear your own device (WYOD), and artificial intelligence (AI) in telecom applications can augment market growth. Introduction of advanced technologies in telecom sector such as 4G, 5G, and long-term evolution (LTE) is anticipated to impel growth of market during the forecast period (2014 to 2025).

High R&D expenditures faced by manufacturing companies is expected to hinder growth of market over the forecast period. In addition, several constraints faced by manufacturers of network components related to patent constrictions, internet protocol, and copyright acts can obstruct growth of market over next few years.

The wireless infrastructure market can be segregated on the basis of technology and region.

Based on technology, the market can be categorized into small cells, remote radio heads, distributed antenna systems (DAS), cloud RAN, carrier Wi-Fi, mobile care, backhaul, and macrocell radio access network (RAN). Macrocell RAN segment is anticipated to dominate the market during the forecast period. Evolution of hardware, software, and dynamic networking technologies, wireless communication infrastructure is likely to fuel growth of market. In addition, expanding network and technology infrastructure among several industry verticals is estimated to create huge impact on demand for high speed data transmission and connectivity. IT & telecom enterprises and government entities globally are expected to adopt wireless network and telecom solutions to optimize their daily tasks even from remote locations.

Similarly, Cloud RAN segment can contribute well for growth of market during the forecast period attributed to rising demand for C-RAN architecture among wireless carriers. This architecture can centralize baseband functionality to be shared across distributed radio nodes. In addition, numerous economic and performance benefits associated with this technology such as virtualization, energy optimization, enhanced coordination between cells can augment market growth.

Moreover, other technologies such as DAS, small cells, fronthaul, and backhaul are likely to create immense growth opportunities for this market over next few years. Introduction of 5G network technology coupled with increasing investments in R&D by wireless carriers is expected to fuel growth of market.

     

Regional segmentation includes Europe, North America, Asia Pacific, South America, and Middle East & Africa. In 2016, North America dominated the market and accounted for largest market share. Banking, financial services, government, business process outsourcing (BPO) sectors are likely to adoption sophisticated telecom communications to enable efficient collaboration. This, in turn, can fuel market growth. Growing adoption of wireless communication can enable reduction in costs arising from domestic and international travel by executing novel technologies, which can fuel growth of market in the region. Moreover, favorable policies, subsidies, and regulations from local governments regarding telecom and network infrastructure are likely to impel growth of market during the forecast period.

Similarly, regions such as South America, Asia Pacific, and MEA, are expected to contribute well to market growth attributed to digitization and increasing use of internet.

On the contrary, supportive regulatory framework in European Union can play vital role in development of regional market. Spain, France, and United Kingdom can grow faster than overall average. In addition, growing adoption of data services can augment market growth in the Europe.     

Some of the leading companies offering wireless infrastructure are Qualcomm Technologies, Inc.; NEC Corporation, Huawei Technologies Co., Ltd.; Motorola Solutions, Inc.; and ZTE Corporation.
 

In-Depth Research Report On Wireless Infrastructure Market:

https://www.grandviewresearch.com/industry-analysis/wireless-infrastructure-market

Video Analytics: Intelligent Security Surveillance Systems

16-january-2019: According to a report published by Grand View Research, Inc.; the video analytics market is expected to reach a valuation of around USD 9.4 billion by 2025.

Growing concerns related to safety and security of the public and technological advancements can propel the market over the forecast period (2014 to 2025).

Rising demand for intelligent security surveillance systems to estimate the trends and deriving patterns is the crucial factor for the market growth. These systems are intended to improve reliability, accuracy, and cost-effectiveness. These systems can be used to get insights on patterns related to consumer behavior, traffic movements, and others like frequency of football at a user-defined area. Furthermore, video recording plays an important role in law procedures to gather evidence. Furthermore, these solutions are extensively used in the retail sector to estimate display effectiveness, gender bifurcation, and attractiveness of shelf space.

Worldwide video analytics market can be segmented on the basis of type, deployment, application, end-use, and region.

Based on type, the market can be classified into software and services.

The services segment is anticipated to exhibit the highest CAGR of 24.0% during 2017 to 2025 due to increasing demand for installation of video analytics solutions.

As per deployment, the market can be categorized into cloud and on premises. The Cloud segment is expected to be the fastest growing segment and projected to display a CAGR of 24% during the forecast period. Cloud-based solutions are considered as highly scalable and can support large number of cameras by providing real-time analyses. Thus, the consumers are increasingly shifting towards the cloud applications.

On the basis of end-use, the market can be split into BFSI, city, critical infrastructure, education, government, retail, transportation, and others.

The retail segment is expected to gain the highest CAGR of 25.6% during the projected period.  Growing applications such as people counting, customer preference pattern analysis, product placement and store layout, and display and promotion effectiveness are driving the growth of this segment.

As per application, the market can be fragmented into crowd management, facial recognition, license plate recognition, intrusion detection, motion detection, and others.

Facial recognition is the fastest growing segment and expected to expand with a CAGR of 25.9% during 2017 to 2025. This growth can be credited to increasing use of facial recognition solutions for surveillance at events, malls, public transport, airports, among others.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa (MEA).

In 2016, North America dominated the market and valued at USD 736.6 million due to existence of the major companies in the region. Presently, the U.S. the world’s biggest consumer of video analytics. Factors such as increasing technological advancements and strong economic growth is driving the market in this country. Also, organizations in this region are adopting these solutions to improve the safety and security. Consumes in this region are increasingly chaining their preference for cloud deployment over on-premise deployments.

Asia Pacific has reported as the second largest market in terms of revenue due to robust economic growth in countries including China, Indonesia, India. These countries are extensively investing for the development of intelligent security surveillance systems in order to provide safety of their citizens. Growing implementation of industry solutions, primarily in countries including China, Japan, and India, along with high adoption of cloud-based technologies, is likely to drive the market.

Prominent players operating in the market include Cisco Systems Inc.; Agent Video Intelligence Ltd.; Honeywell International Inc.; Aventura Technologies Inc.; and Bosch Security Systems GmbH.

The market is extremely competitive and mainly dominated by the established companies in the market. The participants in the market are undertaking several strategies to gain traction in the market such as mergers and acquisitions, new product developments and partnerships and agreements. Companies are also making high investments to carried out R&D. The players are also concentrating on the development of customized products to stay ahead in the market.

In-Depth Research Report On Video Analytics Market:

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

Solid State Drive Market is Anticipated to Value USD 25.51 billion by 2025: Grand View Research, Inc.

10-January-2019: According to a report by Grand View Research, Inc., global solid state drive market is anticipated to value USD 25.51 billion by 2025. Growing requirement for large, fast, and reliable data storage devices among consumers is anticipated to propel demand for solid state drives (SSDs).

Increasing penetration of internet coupled with growth of e-commerce sector can influence growth of market. Growing adoption of smartphones, laptops, and tablets among consumers can surge demand for high capacity SSDs. Increasing resolution of video and images is expected to generate large volumes of digital data and content. This, in turn, can influence market growth over next few years. Moreover, average household’s storage capacity is expected to increase attributed to popularity of tablets and smartphones. These devices are likely to generate large volumes of data and hence can fuel growth of market during the forecast period (2014 to 2025).        

Based on type, the market can be bifurcated into internal and external. SSDs can be used as external storage device or can be installed inside laptops, computers, and tablets. Internal SSDs are likely to offer faster and better performance in USB enclosure as compared to external one. Use of external SDD is increasing owing to its portability. Global storage capacity per household is expected to increase owing to intense use of social media and high data transfer need. Hence, smartphones manufacturers are likely to install SSDs inside smartphones. An internal SDD is cheaper and faster. However, users are required to use specific interface for conversion and power source for using these drives portably. External SSDs can be slow and expensive but can be connected to systems or devices using FireWire or USB.

Based on storage, the market can be classified into under 120 GB, 120GB-320GB, 320GB-500GB, 500GB-1TB, 1TB-2TB, and above 2TB.

Based on end use, the market can be divided into client and enterprise. Based on size, enterprise segment can be segmented further into medium, small, and large. Most number of enterprise applications are expected to demand constant uptime, high reliability, high-performance storage devices, power efficiency, and high throughput. SSDs are likely to address all these demands in an enterprise. In addition, enterprises are likely to prefer SSDs as they are expected to consume less energy, add smaller environmental footprint, and allow for reduction in sprawl. Moreover, rising adoption of SSDs in data centers attributed to growing demand for storage infrastructure can augment market growth.

Huge amount of digital data coupled with growing adoption of reliable and fast data storage options are estimated to fuel demand for SSDs for personal and professional use. Demand for usage in client segment is also high attributed to user’s preference for fast and large data storage options. Increasing use of SSDs in personal computers, laptops, and tablets can drive client segment. 

Regional segmentation includes Europe, North America, Asia Pacific, South America, and Middle East & Africa (MEA). In 2016, North America dominated the market and accounted for largest market share. Rising rate of replacing hard disk drives (HDDs) with solid state drives in the region can augment market growth. In addition, manufacturers of SSDs in the region are likely to focus on product differentiation and innovation to increase revenue and enhance geographical reach can fuel growth of market.

In Asia Pacific, the market is expected to witness significant growth attributed to rising need for high-capacity storage devices. In addition, increasing number of data centers owing to expansion of information technology in the region can stimulate growth of market. Growing popularity of social media attributed to rising adoption of next generation connected devices can influence market growth. Moreover, growing demand for advanced computing systems, rising number of smartphone and laptop users, and growing demand for on-site storage devices can augment market growth in the region.

In South America and MEA, the market is anticipated to grow well owing to growing use of smartphones and laptops embedded with SSDs. In addition, rising awareness regarding benefits of solid state drives over HDDs can augment growth of market.

Some of the leading companies offering solid state drives are Micron Technology, Inc.; Intel Corporation; Seagate Technology PLC; Samsung Electronics Co., Ltd.; and Western Digital Corporation.

In-Depth Research Report On Solid State Drive Market:

https://www.grandviewresearch.com/industry-analysis/solid-state-drives-industry

Silicon Wafer Reclaim Market is Growing due to Increasing Adoption of Sustainable Energy Sources

10-January-2019: According to a report published by Grand View Research, Inc.; the silicon wafer reclaim market is expected to reach a valuation of around USD 577.3 million by 2024.

Factors such as increasing adoption of sustainable energy sources and supportive government efforts such as supportive regulations and subsidies can propel the market during the forecast period (2013 to 2024).

Increasing use of the product in integrated circuits, which are used in devices such as personal computers, laptops, and smartphones is expected to drive the market growth. Increasing manufacturing and high adoption of electronic devices has increased the volume of electronic waste. This burgeoning e-waste has led to high availability of raw material, which will create more opportunities for reclaim companies to carried out recycling operations. Growing worries regarding the unsustainable consumption of silicon is also expected to boost the recycling activities. Adoption of reclaim material in consumer industries will drive the market growth.

The market is also expected to grow due to presence of strict regulations regarding processing, packaging, transportation, disposal of harmful waste materials is likely to create positive outlook in the market.

Worldwide silicon wafer reclaim market can be segmented on the basis of product, application, and region.

Based on product, the market can be classified into 150mm, 200mm, 300mm, and, and others. In 2016, the 300 mm segment reported as the major segment and estimated for 69.2% of overall market. The segment is expected to register CAGR of 3.8% during 2013 to 2024 due to its better performance including grater conductivity owing to its large dimensions.

As per application, the market can be split into solar panels, integrated circuits, and others.

The solar panels segment is considered as the major segment. Since, the industry is mainly driven by increasing demand for solar PV as these wafers are the important component solar photovoltaic systems. High demand for solar PV due to decreasing equipment prices and increasing consumers awareness can drive the dement growth.

In 2016, the integrated circuits segment accounted for 37.7% of the total revenue. These wafers are extensively used in integrated circuits and reclaimed products has high demand due to its lower cost as compared to virgin wafers.

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

Rise in volume of e-waste along with growth in recycling activities mainly in Europe and North America are expected to support the market growth. Various wafer consumers are focusing on utilization of reclaim material and reducing dependence on virgin material in order to enable sustainable solutions to thriving electronic industry. This is expected to boost the market.

In Europe, German semiconductor companies are remains on top position in terms of revenue despite of strong competition in the region. In addition, growing applications of reclaimed wafers in automotive industry is also likely to support the market growth in this region.

The U.S is anticipated to display substantial growth in the years to come on account of increasing applications in solar panels, integrated circuits, and other electronic devices such as televisions, digital camera, and personal computers, among the others. Ongoing solar projects in this country is likely to create more opportunities in the market.

Asia Pacific is likely to expand with a CAGR of 3.9% during the forecast period due to high availability of raw material with low reclamation cost. The market in Taiwan and Japan are highly intense due to low production and less labor cost in terms of reclaim process in these countries. Additionally, the reclaimed wafers can be differentiated on the type of reclaim process. Since companies have their own patented reclamation techniques. Significant industrial growth and technological developments in China is the major driving factor for the regional as well as overall market growth.

Some of the leading companies operating in the market include Silicon Materials Inc.; Kemi Silicon Inc.; Nano Silicon Inc.; Noel Technologies; and Silicon Quest International.

In-Depth Research Report On Silicon Wafer Reclaim Market:

https://www.grandviewresearch.com/industry-analysis/silicon-wafer-reclaim-market

LED Lighting Market is Projected to Reach USD 108.99 billion by 2025: Grand View Research, Inc.

27-December-2018: According to a report published by Grand View Research, Inc.; the LED lighting market is expected to reach a valuation of around USD 108.99 billion by 2025.

Escalating demand for power-efficient lighting systems in residential, commercial, and industrial application can propel the market during the forecast period (2014 to 2025). In addition, growing worries about decreasing non-renewable power sources and declining prices of these lights can support the market growth.

LEDs are efficient, reliable, and have long life, which is expected to spur its demand in several indoor as well as outdoor applications. In addition, technological developments, improved energy efficiency standards, and increasing shift from conventional lighting to green lighting are likely to increase demand for these products in the years to come. Constant improvements in energy-saving products, launch of Standard Deviation Color Matching (SDCM) control, extended lifespan as compared to CFL lamps, and development of smart/connected lighting has increased its demand.

Worldwide LED lightening Market can be segmented on the basis of product, design, application, and region.

As per product, the market can be bifurcated into basic LED, high brightness LED, OLED, and others.

In 2016, the OLED segment developed as the major product segment. The segment is expected to display high CAGR of over 23.0% during 2017 to 2025. It offers greater contrast and improved brightness, wide viewing angle and extensive range of pixel sizes.

Based on design, the market can be classified into lamps and luminaires.

In 2016, LED lamps appeared as the prime segment. These lamps comprise many advantages over incandescent ones in terms of energy efficiency, robustness, and temporal stability. In addition, they are available in several designs and applications such as T-Lamps, A-Lamps, MR-16 lamps, and reflectors.

The luminaires segment is mainly driven with rise in new installations. The segment include illumination used in applications such as streetlights, downlights, high bays, troffers, track lights, and suspended pendants for several applications. LED luminaires produces more light per output power and easy to control.

On the basis of application, the market can be split into indoor and outdoor.

In 2016, the indoor segment was valued at over USD 20.0 billion and likely to grow steadily during the forecast period. This segment is further classified into commercial, residential, industrial, and others. In 2016, the commercial sub-segment accounted for the major share due to increasing use in offices, hospitals, retail stores and malls, education buildings, and others.

The outdoor segment includes applications like corporate campuses, industrial, airports, government, highways and roadways, healthcare infrastructure, and public places such as signage and traffic signals. Supportive government policies can boost the segment growth in the coming years.

Government efforts such as LightSavers program commenced by The Climate Group are expected to increase its use over traditional products.

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

Stringent regulatory guidelines across European Union, the U.S., Canada, and China about conventional lighting and energy consumption are expected to support the market growth.

Asia Pacific is expected to dominate the market during the forecast period in terms of manufacturing. The region is likely to display a CAGR of 15.4% during 2017 to 2025 on account of increasing demand for energy-efficient products. Countries such as China, Japan, and Taiwan are the major contributor to regional growth due to supportive government measures for implementation of LEDs and presence of numerous companies.

In recent years, North America and Europe have perceived a remarkable growth due to government support and increasing use of ultra-modern lighting in industries. The U.S. is likely to become a major contributor due to strong dollar policy and high demand for LED illumination. The country has implemented several new policies regarding the use of LED technology, and increased budget for R&D of energy efficient lighting solutions. This is expected to thrive the market in this region.

Prominent companies operating in the market include Digital Lumens, Inc.; Cree, Inc.; General Electric Company; Cree, Inc.; and Koninklijke Philips Electronics N.V.

In-Depth Research Report On LED Lighting Market:

https://www.grandviewresearch.com/industry-analysis/led-lighting-market

Light-Weight Electronic Devices can Propel the Flexible Electronics Market

14-December-2018: According to a report published by Grand View Research, Inc.; the flexible electronics market is expected to reach a valuation of around USD 87.21 billion by 2024.

Increasing demand for for compact and light-weight electronic devices can propel the market over the forecast period (2013 to 2024). In addition, increasing government expenditure is also expected to support the market growth.

Several advantages associated with it such as ruggedness, light-weight, portability, and low-cost of manufacture as compared to rigid substrates are expected to fuel the market growth. These devices pose high demand in gaming and entertainment industry due to their ability to curve, flex, roll, fold, and conform to provide a spontaneous user interface.

The market is expected to perceive the integration of wearable technology with flexible electronics due to increasing technological developments. Increasing demand for smartphones, smart watches, smart glasses, e-papers, and e-books are likely to boost the demand for this technology in the coming years. Since, the technology enables electronic systems to be the technology facilitates electronic systems to be rolled, flexed, and stretched that helps to design portable, compact, and miniature device. In addition, organic electronics will also offer opportunities sensors in non-display applications such as contactless control, biometric sensor arrays, and gesture recognition.

However, increasing competition with other commercialized technologies including LED, LCD, among the others are likely to hamper the market growth.

Worldwide flexible electronics market can be segmented on the basis of components, application, and region. Based on component, the market can be categorized into display, memory, sensors, battery, and others. The display segment estimated for the highest revenue of over 50%.  The segment is anticipated to expand at a CAGR of more than 16% during the forecast period. Features such as better power efficiency and fast microsecond on/off pixel switching rates are likely to support the segment growth. Increasing applications in e-reader, smartphones, notebooks, laptops, and desktops, is likely to growth of the segment in the coming years.

The battery segment is projected to expand at CAGR over 15% during the study period. Growth of internet of things (IoT) and its execution in wearables and environmental sensors, and energy efficient products are expected to boost the segment.

As per application, the market can be bifurcated into consumer electronics, industrial, automotive, healthcare, and others.

In 2015, The wearable devices segment estimated for over 40% of the total revenue. The segment is expected to display healthy growth over the forecast period due to surge in demand for fitness or activity trackers for tracking physical activity, heart rate, and sleep.

The healthcare segment is likely to witness a steady growth at CAGR of over 8% during 2016 to 2024. This growth can be attributed due to growing usage in x-ray detectors, lab-on-chip devices, light therapies, healthcare photonics, health monitoring devices, and smart plastics.

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

In 2015, North America estimated for over 30% of the overall revenue. Factors such as presence of established players, availability of technologically advanced process technologies, and equipment and intellectual property related to flexible electronics are likely to drive the regional growth over the forecast period. Presence of several research universities, which are involved in research projects are also expected to support the growth in the region.

In 2015, Asia Pacific accounted for over 20% revenue share of the total market. This region is likely to show rapid growth at a CAGR more than 17% during 2016 to 2024.  This growth can be attributed to the presence of several major companies with high manufacturing capabilities.

In 2015, European market was valued over USD five billion.  Numerous subsidized projects carried out in countries such as Germany, the UK, Belgium, Netherlands, and Finland to boost the advancements in technology.  This is also driving the growth in this region.

Key companies operating in the market include E Ink Holdings Inc.; ITN Energy Systems Inc.; Thinfilm Electronics ASA.; Samsung; and GE Measurement & Control Solutions.

In-Depth Research Report On Flexible Electronics Market:

https://www.grandviewresearch.com/industry-analysis/flexible-electronics-market