Wireless Fire Detection Systems Market worth 303.8 Million USD by 2020 - Report by MarketsandMarkets™

The report "Wireless Fire Detection Systems Market by Product, System Type (Fully Wireless, Hybrid), Installation Type (New, Retrofit), Vertical (Commercial, Residential, Manufacturing), and Geography - Global Forecast to 2020", published by MarketsandMarkets^TM, the overall wireless fire detection systems market is expected to be valued at USD 303.8 Million by 2020, at a CAGR of 7.7% between 2016 and 2020.

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This significant growth rate of the wireless fire detection systems market is fostered by the increasing demand of these systems in retrofit installations due the cost-effectiveness and the ease involved in installing these systems. The improvement in the existing government regulations and mandates regarding fire protection systems is another major driving factor for this market.

Sensors/detectors held largest share of market based on product in 2015; market for segment expected to grow at highest CAGR during forecast period

The market for sensors/detectors is expected to lead the current wireless fire detection systems market based on product and is expected to grow at the highest CAGR between 2016 and 2020. The robust growth in infrastructure, utilities, and facilities sectors is bringing in the need for a greater adoption of advanced sensors and detectors across the globe. Another important factor impacting the growth of this market is the stringent government regulations in many countries regarding the installation of these sensors/detectors. With the increasing government funding, the market for smoke detectors is expected to have a positive outlook by 2020, especially in the residential sector.

Hybrid systems held larger share of wireless fire detection systems market in 2015

The hybrid systems held a larger share of the wireless fire detection systems market based on system type in 2015, and the market for the said segment is expected to grow at a higher CAGR between 2016 and 2020. The hybrid systems are mainly suitable for retrofitting buildings as these systems are very resilient due to their exclusive mode of transmission and offer relatively uncomplicated installation without cable drawing. On the other hand, the structural cost involved with a traditional system is high. Hybrid systems are highly suitable for smaller or larger scale apartments and houses, and for smaller or medium-scale commercial spaces.

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48 - Figures
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The major players in this market include EMS  Security Group Ltd (UK), Electro Detectors Ltd (UK), Sterling Safety Systems (UK), Honeywell International Inc. (US), Siemens AG (Germany), Tyco International PLC (Ireland), HOCHIKI Corporation (Japan), Halma Plc (UK), Robert Bosch GmbH (Germany), EuroFyre Ltd (UK), and Detectomat GmbH (Germany).

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North America expected to hold largest share of market, while market in Europe expected witness highest CAGR

North America held the largest share of wireless fire detection systems market in 2015. The market in Europe is expected to grow at the highest CAGR during the forecast period. Wireless systems have already gained popularity in Western Europe, especially the UK, France, and Germany. The high expected CAGR of wireless fire detection systems market in Europe can be attributed to the stringent government mandate on the installation of smoke detectors or smoke alarms in homes in European countries such as the UK, France, and Germany.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Industrial Display Market worth 5.87 Billion USD by 2022 - Report by MarketsandMarkets™

According to the new market research report "Industrial Display Market by Type (Rugged Displays, Open Frame, Panel-Mount, Marine, Video Walls), Technology, Panel Size, Application (HMI, Remote Monitoring, Interactive Display, Digital Signage), Vertical and Geography - Global Forecast to 2022", published by MarketsandMarkets^TM, the market is expected to grow from USD 4.09 Billion in 2016 to reach USD 5.87 Billion by 2022, at a CAGR of 6.18% between 2017 and 2022. The growth of industrial display market is mainly driven by technological shift and development of high specification display devices, rising demand for HMI devices, high growth of LED-backlit LCD-based display solutions, and growing adoption of IoT.

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Panel-mount monitors accounted for the largest share of the industrial display market in 2016

The industrial display market is led by the panel-mount monitors. The major reason for the large market size of panel-mount monitors is due to the demand generated by HMIs, interactive displays, and digital signage applications in manufacturing, oil & gas, and energy & power sectors.

The market for OLED technology is likely to grow at the highest rate during the forecast period

OLED technology is expected to grow at the highest rate between 2017 and 2022 and hold the largest market size by 2022. OLED is a fairly new display technology in the industrial space and can serve diverse applications including remote monitoring using portable devices; HMI, and imaging.  For example, OLED is used as a status indicator in the industrial sector and also used in digital signage for advertisement or information display. These applications are the key factors for driving the growth of the OLED display market.

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186 - Pages 

The major players operating in the industrial display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South orea), Panasonic Corporation (Japan), and Advantech Co. Ltd. (Taiwan).

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North America held the largest market share in 2016

North America held the largest share of the industrial display market in 2016, followed by Europe and APAC. The US accounted for the largest share of the industrial display market in this region. Rugged displays are widely used for HMI applications and remote monitoring in the manufacturing sector that boost the industrial display market in North America. The leading companies for display technologies, industrial monitors, HMIs, and related semiconductor components, such as Planar Systems, Inc. (US) and GE (US) are based in the North American region.

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About MarketsandMarkets™
 
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. 

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Underfloor Heating Market worth 4.23 Billion USD by 2023

According to the new  report "Underfloor Heating Market by Component (Heating Cables, Heating Mats, Sensor & Thermostat, Heating Pipes, Manifolds), Type (Hydronic Underfloor Heating, Electric Underfloor Heating), Application and Geography - Global Forecast to 2023", The underfloor heating system  market was valued at USD 2.53 Billion  in 2016 and is expected to reach USD 4.23 Billion by 2023, at a CAGR of 7.5%  during the forecast period. The  key factors driving the underfloor heating market include tax credit program,  automation in industrial, commercial and  residential sectors, and increasing awareness about benefits of underfloor  heating systems.

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New installation to lead the underfloor heating market in the coming years

New installation held a major share of the underfloor heating market than other equipment in 2016. Underfloor heating is used for various applications, and there are prospects to use it in large-scale commercial properties in both new housing developments and new business premises. It has become the most popular choice of space heating for new build properties because of the significant growth of renewable energy systems. The underfloor heating system operates with a low-flow temperature, which can be easily achieved. It is being used largely in the development of flats and apartments, which are mainly suited to this type of heating system.

Market for hydronic systems to witness a high growth in the near future

Hydronic radiant heating systems are ideal for those homes that already use a water heater as the energy can be diverted to the floor in an efficient manner. In the hydronic underfloor heating system, heated water is propelled from a boiler through a link of tubing underneath the floor. Heat is conducted to the surface of the floor by hot water, and from there, radiant energy is emitted to the room. The system is controlled by one or more thermostats which control the manifold and boiler as required. Also, the hydronic underfloor heating system is suitable for most floor finishes such as carpet, ceramic, engineered and solid wood, laminate, stone, and vinyl. Including all of these benefits, it is expected to grow with highest CAGR during the forecast period.

Residential application is expected to grow at the highest CAGR during the forecast period

The high growth rate of the underfloor heating market in the residential application is mainly due to the growth in the self-build trend and custom-build trend in the domestic sector wherein house owners are involved in the specification of their new homes and are willing to invest more at the initial level to appreciate long-term benefits. The trend toward simple styling with clean, uncluttered lines, and open-plan living has supported the demand for invisible underfloor heating systems, particularly in kitchens and in bathrooms. For these areas, there are underfloor heating systems specifically designed for use under stones and ceramic tiles. Owing to all these trends, the underfloor heating market is showing an impressive growth.

The underfloor heating market in Europe held the largest share in 2016

The market is growing rapidly because Europe is moving toward a low-carbon economy and because of the increased awareness about environmental and energy efficiency concerns. Also, higher levels of insulation, driven by regulatory requirements and government initiatives are contributing to a reduction in the overall heating load, making underfloor heating a more practical and efficient heating solution in Europe.

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Leading players operating in the underfloor heating market include Danfoss A/S (Denmark), Uponor Corporation (Finland), Emersion Electric Co. (US), Honeywell International (US), and Robert Bosch (Germany). Pentair PLC (US), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), and Nexans S.A. (France).

About MarketsandMarkets™


MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Intelligent Virtual Assistant Market worth 17.72 Billion USD by 2023

The report “Intelligent Virtual Assistant Market by Product (Chatbots, IVA smart speakers), User Interface (Text-based, Text-to-speech based, Automatic Speech Recognition), Industry (Consumer Electronics, BFSI, Retail), and Geography – Global Forecast to 2023″, The global intelligent virtual assistant (IVA) market is expected to grow from USD 2.48 Billion in 2017 to USD 17.72 Billion by 2023, at a CAGR of 38.82% between 2017 and 2023. The market is expected to be driven by the demand for automation in customer support services. At the same time, IVA smart speakers are very much in demand for smart home applications such as wireless-connected thermostats, air-conditioners, and others.

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BFSI sector has the highest market share of the IVA market and is expected to witness a substantial growth from 2017 to 2023

IVAs are being driven by the BFSI sector due to its demand in automated customer support services. This is due to the technological dependence of people on online transactions while managing their finances. General queries such as balance check, account status, or new schemes can be resolved through chatbots, without engaging a person for resolving such queries. This is propelling the demand for IVA devices.

The automatic speech recognition (ASR)-based IVA is expected to grow at the highest CAGR from 2017 to 2023.

The overall IVA market has been segmented on the basis of user interface. Automatic speech recognition IVAs are expected to grow at a significant rate between 2017 and 2023, driven by the growing demand for smart speakers in home automation systems. Smart home systems are increasingly being adopted especially in North America and Europe. This will fuel the growth of smart speakers that are used in controlling smart home devices such as wireless thermostats, music systems, washing machines, and others.

North America is expected to hold a large share of the IVA market through 2023

North America was the largest market in 2016, followed by Europe and APAC. This is mainly due to the awareness and the availability of smart speakers in North America This is a technologically advanced region where new technologies are adopted at the earliest. Also, major IVA players such as Apple (US), Amazon (US), and Alphabet (US) belong to North America. The IVA market in Europe is expected to hold the second-largest market share by 2023 owing to the growth of gas-sensing applications.

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Major companies in the overall IVA market that have been included in this report are Alphabet (US), Amazon.com (US), Apple (US), Nuance Communications (US), IBM (US), Microsoft (US), Samsung Electronics (South Korea), Inbenta Technologies (US), Baidu (China), and Blackberry (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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System in Package Market worth 9.07 Billion USD by 2023

According to the new market research report “System in Package Market by Packaging Technology (2D IC, 2.5D IC, 3D IC), Package Type (BGA, SOP), Packaging Method (Flip Chip, Wire Bond), Device (RF Front-End, RF Amplifier), Application (Consumer Electronics, Communications) – Global Forecast to 2023″, the system in package market is expected to grow from USD 5.79 Billion in 2017 to USD 9.07 Billion by 2023, at a CAGR of 9.4%. The factors that are driving the growth of this market are the growing demand for miniaturization of electronics devices, the impact of Internet of Things (IoT), and reduced time-to-market.

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“System in package market for 3D IC expected to grow at the highest rate during the forecast period”

The market for 3D IC is expected to grow at the highest CAGR between 2017 and 2023. The growth of this market is mainly driven by the increasing need for advanced architecture in electronics products, growing need for miniaturized electronic devices, and growing use of tablets, smartphones, and gaming devices.

“System in package market for FOWLP expected to grow at the highest rate during the forecast period”

The market for FOWLP is expected to grow at the highest CAGR between 2017 and 2023. This growth is mainly attributed to the rising demand for semiconductor ICs for IoT application that allows devices to assemble data using sensors and actuators and transmit data to a centralized location on a real-time basis.

“The consumer electronics application expected to lead the system in package market between 2017 and 2023”

Among various applications, the consumer electronics application expected to account the largest size of the overall system in package market between 2017 and 2023. Consumer electronics products, such as mobile phones, tablets, netbook PCs, digital video cameras, navigation devices, and gaming controllers, are adopting the advanced architecture. Moreover, these products address features that increase the demand for miniaturized electronic devices with improved performance in consumer electronics. With all this development in the consumer electronics application, the demand for system in package would also rise.

“APAC expected to lead the system in package market between 2017 and 2023”

APAC is expected to hold the largest size of the system in package market during the forecast period. The major factors driving the market in APAC are the presence of major semiconductor foundries and outsourced semiconductor assembly and test (OSAT) players including TSMC (Taiwan), UMC (Taiwan), ASE Group (Taiwan), SPIL (Taiwan), and JCET (China), proximity to major downstream electronics manufacturing operations, government-sponsored infrastructure support, tax incentives, and availability of skilled engineers and labor at a relatively low cost.

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ASE Group (Taiwan), Amkor Technology (US), JCET (China), Chipmos Technologies (Taiwan), Chipbond Technology (Taiwan), KYEC (Taiwan), Intel (US), Samsung Electronics (South Korea), Texas Instruments (US), and Signetics (South Korea) are the major players operating in the system in package market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Digital Signage Market worth 32.84 Billion USD by 2023

The report "Digital Signage Market by Product (Kiosks, Menu Boards, Billboards, Sign Boards), Offering (Hardware (Displays, Media Players, Projectors, Mounts & Other Accessories), Software, and Services), Application and Geography - Global Forecast to 2023", The digital signage market is expected to grow from USD 19.61 Billion in 2016 to USD 32.84 Billion by 2023, at a CAGR of 7.4% between 2017 and 2023.

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The increasing demand for digital signage in public and commercial sectors, advancements in technology offerings and rising infrastructure are the key driving factors for the digital signage market. There is an increasing demand for customized solutions and software used in the commercial sector; it makes the system interactive and user-friendly. This leads to improved customer retention by providing an enhanced experience for customers through interactive screens. Content management system is widely used in the market for effective management of content to be displayed on digital signage systems.

Digital signage market for software offerings expected to grow at the highest CAGR during the forecast period

The market for software offerings is expected to grow at the highest rate during the forecast period. The expected growth of the digital signage market for software offerings is higher than that for hardware offerings as hardware devices such as displays, media players, projectors, and mounts & other accessories do not require frequent purchases or replacements. The high growth of the market for software offerings is because software licenses need to be regularly updated.

Technological innovations are driving the displays market

Rising demand for high-picture quality, attractive design, and high specifications-based displays is driving the growth of the displays market. Newer technologies such as fine-pixel LED and OLED are expected to drive the growth of the digital signage hardware devices market during the forecast period. High brightness, attractive, and thin panel design, as well as low power consumption, are a few benefits of this technology when compared with the other available technologies. OLED technology is already penetrating the display market in various digital signage applications. There is also a growing demand among customers for displays based on direct-view LED and LCD technologies. These are vivid displays having a significant resolution and can be seamless infinite video walls of any size. New technological innovation for digital signage such as 3D screens and electronic paper displays are still in the stage of development.

Kiosks held the largest market share of the digital signage market for products in 2016

Kiosks held the largest market share of the global digital signage market for products in 2016 and are expected to dominate the market till 2023. Kiosks plays a significant role in the digital signage market for providing access to information and communication, commerce, entertainment, education, and other applications. Kiosks are quick and effective solutions which can be used virtually in all locations.

North America expected to hold the largest market share, while APAC projected to witness the highest growth rate

North America is expected to hold the largest market share and dominate the digital signage software market between 2017 and 2023. North America is a leader in the market for the cutting-edge technology, which is used in the advertisement sector. The digital signage market in APAC and Europe is expected to have a promising future with tremendous opportunities, especially in commercial and infrastructural sectors.

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The major players in the digital signage market include Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd., NEC Display Co., Ltd (Japan), Sharp Corporation (Japan), and Planar Systems Inc. (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com