Hermetic Packaging Market expected to reach $4.3 billion by 2025

 

According to the new market research report "Hermetic Packaging Market with COVID-19 impact by Configuration (Multilayer Ceramic Packages, Metal Can Packages, Pressed Ceramic Packages), Type (Ceramic-Metal Sealing, Glass-Metal Sealing), Application, Industry, and Region - Global Forecast to 2025", the global hermetic packaging market size is projected to reach USD 4.3 billion by 2025 from USD 3.5 billion in 2020 at a CAGR of 4.3%. Major requirements of safety and absolute reliability in industries, such as electronics, automobile, and aeronautics and space, are contributing to the rising demand for hermetic packaging, and have been propelling the growth of the hermetic packaging market.

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Multilayer ceramic packages to hold the largest size of hermetic packaging market from 2020 to 2025

Multilayer ceramic packages are most suitable for packaging complex electronic circuits, such as microelectromechanical systems (MEMS). They are widely adopted for high-frequency applications such as data communication, wireless communication, and optical communication because they offer better hermeticity than other configurations, and also enable a large number of electrical feedthroughs within very small spaces. Thus, multilayer ceramic packages account for the largest share of the hermetic packaging market.

The market for Ceramic-Metal Sealing (CERTM) is projected to grow at highest CAGR during the forecast period

A ceramic–metal seal is a joined or bonded assembly of ceramic on one side and a metal on the other. Ceramic–metal seals are used in industries that entail high operating temperature, high voltage withstanding, biocompatibility, or special chemical resistance. The aeronautics & space industry has largely adopted CERTM hermetically sealed transistors, as they are thermal shock resistant. This has been a key factor driving the CERTM sealing market.

Hermetic packaging market for military & defense industry to grow at highest CAGR from 2020 to 2025

The hermetic packaging technology is highly trusted and dependable for users in the military & defense industry. This is because the hermetic packaging technology helps in addressing distinctive challenges related to safety and absolute reliability that are inherent in applications such as air surveillance and underwater surveillance. However, the recent outbreak of the COVID-19 pandemic has negatively affected the military defense sector globally. It is expected that countries around the world, especially those that have really poor or inadequate healthcare infrastructure and penetration, are expected to have to spend significantly on social security to cope with the pandemic. If governments of such countries are in questionable financial shape, with limited reserves, inadequate avenues for borrowing, and low liquidity, spending is expected to be met by channeling funds from other high-value budget segments, which include defense budgets. This, in turn, is expected to challenge the growth of the hermetic packaging market in the military & defense industry.

APAC to be the fastest-growing market for hermetic packaging during the forecast period

The hermetic packaging market in APAC is expected to grow at the highest CAGR from 2020 to 2025. Increasing energy needs, emerging economies, and increasing defense spending are some of the factors driving the growth of this market in the region. The rising military capabilities of emerging countries such as China, India, and South Korea are boosting the demand for hermetic packaging for sensitive electronic components. Due to the COVID-19 pandemic, the Asia Pacific region has been significantly affected. The pandemic has led to a significant slowdown in the manufacturing industry. The implementation of lockdowns in several countries has negatively affected the operations of end-use industries such as automotive, military & defense, aeronautics & space, due to which the market for hermetically packaged products is expected slowdown in 2020 in the Asia Pacific.

The key players operating in the hermetic packaging market include SCHOTT (Germany), AMETEK, Inc. (US), Amkor Technology, Inc. (US), Texas Instruments Incorporated (US), Teledyne Technologies (US), Kyocera Corporation (Japan), Materion Corporation (US), Egide (France), Micross Components Inc. (US), and Legacy Technologies Inc. (US).

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Magnetic Sensor Market expected to reach $6.2 billion by 2025

 

The report "Magnetic Sensor Market with COVID-19 Impact Analysis by Type (Hall Effect, Magnetoresistive (AMR, GMR, TMR), SQUID, Fluxgate), Range (<1microgauss, 1microgauss-10gauss, and >10gauss), Application, End-user Industry, Geography - Global Forecast to 2025 ",magnetic sensor size is projected to reach USD 6.2 billion by 2025 from an estimated USD 4.3 billion in 2020, at a CAGR of 7.7% from 2020 to 2025. Intensifying focus of manufacturers towards producing 3D magnetic sensors and unceasing growth of consumer electronics industry are among the factors driving the growth of the magnetic sensor market.

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Magnetoresistive sensors segment to projected to register highest CAGR between 2020 to 2025

The magnetoresistive sensors have a wide operating range and possess features and functionalities such as inherently low hysteresis, low power consumption, and high linearity for improved measurement accuracy as compared with Hall effect sensors. Also, the cost of magnetoresistive sensors is decreasing gradually, which will boost the market for these sensors in various applications during the forecast period. Thus, the magnetoresistive sensors segment is projected to grow at the highest CAGR during the forecast period.

By range, >10 gauss segment is projected to register highest CAGR between 2020 and 2025

The >10 gauss segment of the market is projected to grow at a higher CAGR from 2020 to 2025 than the 1 microgauss–10 gauss and <1 microgauss segment. The growth of the >10 gauss segment can be attributed to the increasing demand for driverless cars and green vehicles.

By application, speed sensing applications is projected to grow at the highest CAGR during the forecast period

The speed sensing applications is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to the rising demand for highly accurate, small size, simple design, reliable, and pocket-friendly magnetic speed sensors in the automotive industry. In the automotive industry, speed sensors are found in anti-lock braking system (ABS), engine camshafts/crankshafts, speedometers, and automatic transmissions.

By region, APAC magnetic sensor market estimated to grow at highest CAGR throughout forecast period

In 2019, APAC held the largest share of the magnetic sensor market. The market in the region is expected to grow at the highest CAGR from 2020 to 2025. The growth of the magnetic sensor market in APAC can be attributed to the growing population in countries of APAC. The region houses some of the world’s highly populated countries, including Chain and India. These countries are witnessing large sales of smartphones and tablets. This, in turn, drives the growth of the magnetic sensor market in APAC.

Asahi Kasei Corporation (Japan), Allegro MicroSystems, LLC (US), Infineon Technologies AG (Germany), TDK Corporation (Japan), Melexis (Belgium), Honeywell International Inc. (US), TE Connectivity (Switzerland), ams AG (Austria) are some of the key players in the magnetic sensor 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.

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Next-Generation Data Storage Market worth $81.0 billion by 2025, at a CAGR of 8.5%

The report "Next-Generation Data Storage Market by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture (File- & Object-Based, Block), Storage Medium (SSD, HDD, Tape), & End User - Global Forecast to 2025", is estimated to grow from USD 53.9 billion by 2020 to USD 81.0 billion by 2025 at a CAGR of 8.5%. The major drivers for this market include the massive growth in digital data volume; proliferated use of smartphones, laptops, and tablets; growth of IoT market; and increasing penetration of high-end cloud computing.

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Storage area network to hold largest share of next-generation data storage market during forecast period

Storage area network is expected to hold the largest share of the next-generation data storage market during 2020–2025. As an increasing number of companies have started utilizing cloud-based services to store their data with the use of virtual servers, companies aim to expand their storage capacities beyond existing infrastructural capabilities. SAN technology is widely used by cloud technology creators due to its ability to connect large numbers of servers to storage devices.

Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture

File- and object-based storage (FOBS) is expected to hold the largest share of the next-generation data storage market during 2020–2025. Rapidly growing data generation by large enterprises is leading to an increased need for FOBS to manage those huge volumes of data. These huge volumes of structured and unstructured data, including photos, videos, audio files, and other media, are generating considerable market opportunities for file-and object-based storage market players.

North America to hold largest size of next-generation data storage market during forecast period due to rapid technological advancements in the region

North America is expected to account for the largest share of the market by 2020. The increasing volume of unstructured data across various industries and rapid technological advancements have led to an increased demand for the secure, reliable, and cost-efficient storage infrastructure in North America. The region, being the early adopter of advanced data storage technologies, captures the largest share of the next-generation data storage market.

The companies profiled in this report are Hewlett Packard Enterprise Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan), and International Business Machines Corporation (US), Toshiba  Corporation (Japan), Pure Storage, Inc. (US), Nutanix, Inc. (US), Scality  (US), Micron Technology, Inc. (US), Tintri, Inc. (US), Cloudian, Inc. (US), Drobo, Inc. (US), Quantum Corporation (US), Western Digital Corporation (US), Samsung Electronics (South Korea), Fujitsu Ltd. (Japan), VMware, Inc. (US), Nexenta Systems, Inc. (US), and Netgear Inc. (US), and Inspur (China).

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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Interactive Display Market expected to reach $13.2 billion by 2025

 

The report "Interactive Display Market with COVID-19 Impact Analysis, by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025", is expected to grow from USD 9.0 billion in 2020 to USD 13.2 billion by 2025, at a CAGR of 8.1%. The market growth can be attributed to several factors, such as growing demand for gamification and digital classrooms, growing adoption of interactive displays in retail sector, declining price of displays, easy availability of interactive products, and increased end-user engagement by using interactive displays for various applications—such as learning, presentations, signage, wayfinding, and ticketing.

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Interactive whiteboard held the largest share of the interactive display market in 2019

The advent of interactive learning and advancements in teaching methodologies drive the growth of the market for interactive whiteboards. Due to rapid advancements in technology, companies focus on innovation to provide variety and additional features in products. Researchers associated with different companies are focusing on integrating new technologies in conventional interactive white board to make them user-friendly and interactive. Artificial Intelligence (AI) is one such technology, which provides huge opportunities for the interactive whiteboard market to grow.

32–65” held the largest share of the interactive display market in 2019

Interactive displays with screen sizes between 32 inches and 65 inches are mainly used in the healthcare and hospitality sectors. Besides, these screens are also used in restaurants as menu boards to indicate prices, ingredients, and waiting time of the orders taken from customers. In the healthcare sector, many interactive healthcare smart displays are specially designed for the hospital environment.

Flat panel type to dominate the interactive display market during the forecast period

The interactive display market is currently dominated by the flat panel displays only. The other 2 panel types are in a very nascent stage in the interactive ecosystem, as of now, and are expected to grow at a high rate during the forecast period. Going forward, transparent displays are expected to be used more in interactive tables, kiosks, and monitors.

North America is leading the market for interactive display in 2019

North America is the leading region in terms of market size related to interactive display applications. The interactive display market is estimated to grow significantly over the next few years in North America. In the current market scenario, the US dominates the interactive display market in North America. Mexico is expected to rapidly adopt interactive displays in the near future. Therefore, the interactive display market is expected to have potential opportunities in North America.

Some of the key companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), Sharp (Foxconn) (Japan), Elo Touch Solutions (US), Crystal Display Systems (UK), ViewSonic (US), Horizon Display (US), and so on.

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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European Smart Home Market expected to reach $39.6 billion by 2025

 

According to the new research report, the "European Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Home Healthcare), Software & Services (Proactive, Behavioural), and Region - Global Forecast to 2025", size is expected to grow from USD 23.2  billion in 2020 to USD 39.6  billion by 2025, at a CAGR of 11.3%. The growth of the market is driven by many factors, such as an increasing number of internet users, increasing disposable income of people in developing economies, the rising importance of home monitoring in remote locations, and the growing need for energy-saving & low carbon emission-oriented solutions. Moreover, the rapid proliferation of smartphones & smart gadgets, expansion of smart home product portfolio by a large number of players, growing concern about safety, security, and convenience among the general population will fuel the demand for smart home solutions.

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The smart speakers market is likely to grow at a high rate during the forecast period.”

The growth of the smart speaker market is driven primarily by the increasing adoption of smart homes, high disposable income, the popular trend of personalization, and the rapid proliferation of multifunctional devices. Factors such as increasing focus of companies on enhancing customer experience and consumer preference for technologically advanced products over traditional products are expected to provide opportunities to smart speaker providers.  Further, recent developments in artificial intelligence (AI) and natural language processing (NLP) to enhance voice recognition capabilities have increased the overall demand for smart speakers in smart homes.

“The proactive type software and services segment to grow at a higher rate during the forecast period.”

Proactive type software and services facilitate the transmission of data, along with the best possible solutions, to end-users for actions to be taken after receiving the information. The proactive type enables the transfer of a larger volume of data than the behavioral type; it can provide inputs to end-users regarding effective energy usage and required actions on the physical parameters to reduce energy consumption.

Proactive solutions are more beneficial than the behavioral type as they can also send recommendation signals to end-users to take necessary actions to reduce energy consumption. Moreover, based on the user’s actions, measures to control electronic devices can be implemented. Due to these advantages, the market for proactive type software and services is expected to grow at a higher rate during the forecast period.

“The European smart home market is expected to grow at a significant rate during the forecast period.”

The drive for “green city” projects brings more energy efficiency in most EU countries. This has created a market opportunity for the manufacturers of energy-efficient smart lighting solutions. Europe would probably be the leading adopter of LED solutions. An increase in construction activities, followed by a growth in new installations of lighting fixtures and dimmers, drives the smart lighting market in this region. Moreover, some consumers and professional lighting companies are switching to LEDs. All these factors have substantially contributed to boosting the demand for smart homes in Europe.

The smart home market is currently dominated by Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany).

Other players operating in the smart home market are Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (US), Comcast Corp. (US), Hubbell Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (US), Lutron Electronics Co. Inc. (US), Vivint (US), and Axis Communication AB (Sweden), among others. Almost all companies, including key players, have adopted a few major strategies such as product developments and launches, mergers and acquisitions, and partnerships and collaborations to grow in the smart home 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:
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Artificial Intelligence in Manufacturing Market worth $16.7 billion by 2026, at a CAGR of 57.2%

 

The report "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Technology (Machine Learning, Computer Vision, Context-Aware Computing, and NLP), Application, End-user Industry and Region - Global Forecast to 2026", is expected to be valued at USD 1.1 billion in 2020 and is likely to reach USD 16.7 billion by 2026; it is expected to grow at a CAGR of 57.2% during the forecast period. The major drivers for the market are the increasing number of large and complex datasets (often known as big data), evolving Industrial IoT and automation, improving computing power, and increasing venture capital investments.

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The hardware segment in the AI in manufacturing market projected to grow at highest CAGR during forecast period

The hardware segment is projected to grow at the highest CAGR from 2020 to 2026. Most of the AI hardware manufacturers have been in the business of providing the same hardware components for other technologies such as connected cars, machine vision cameras, and IoT for a long time. This will enable the companies to transfer the technology easily and accordingly develop the AI hardware. Moreover, the increasing participation of startups in AI hardware is complementing the growth of the hardware segment.

Quality control application of AI in manufacturing market to grow at highest CAGR during forecast period

The quality control application is expected to register the highest CAGR during the forecast period. Governments impose regulations on maintaining the quality according to certain benchmarks; for instance, the USD Food and Drug Administration (FDA) imposes stringent guidelines to regulate the quality of pharmaceutical products in accordance with the Current Good Manufacturing Practices (CGMPs). The growing use of robotics and deep learning technology in the manufacturing industry is expected to drive the growth of the AI in manufacturing market for the quality control application

AI in manufacturing market in APAC projected to grow at highest CAGR from 2020 to 2026

The AI in manufacturing market in APAC is expected to grow at the highest CAGR during 2020–2026. The presence of a large number of industries, especially in countries such as China, India, and Taiwan is resulting in the adoption of AI in the manufacturing sector in APAC. The increasing adoption of AI-based robots is also fueling the market’s growth in this region.

NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), Siemens AG (Germany), General Electric Company (US), General Vision Inc. (US), Progress Software Corporation (US), Micron Technology Inc., (US), Mitsubishi Electric Corporation (Japan), Sight Machine (US), Cisco Systems Inc., (US), and SAP SE (Germany) are the prominent players of AI in manufacturing 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.

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Digital Signage Market expected to reach $27.8 billion by 2026

 

The report "Digital Signage Market with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Product, Display Size, Installation Location, Application (Retail, Healthcare, Hospitality, BFSI, Education), and Geography - Global Forecast to 2026", will grow to USD 27.8 billion by 2026 (forecast year) from USD 16.3 billion in 2021 (estimated year), at a CAGR of 11.2% between 2021 to 2026. The key drivers fueling the growth of this market include the growing adoption of digital signage in commercial applications, increasing infrastructure developments in emerging countries, surging demand for 4K & 8K resolution displays, and ongoing technological advancements in displays.

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The hardware segment to hold the largest market share in 2026

The hardware segment of the digital signage market, by offering is estimated to hold the largest market share in 2026. The rapid adoption of display technologies such as direct-view LED and OLED offering ultra-high definition (UHD), 4K, and 8K resolutions complemented by the growing adoption of digital signage in commercial industries is expected to drive hardware segment market growth. Additionally, the increasing adoption of large screen digital signage in the retail sector and advertising spaces as a suitable replacement for traditional signboards would boost the growth of the hardware segment in coming years.

The outdoor installation segment to register higher CAGR during the forecast period

The outdoor installation segment of the digital signage market, by installation location, is projected to register the higher CAGR during the forecast period. This growth can be attributed to various technological developments related to digital signage display as a result of which businesses have the option to choose from a wide variety of high brightness, highly attractive displays in different sizes and configurations offering brightness of more than 2000 nits, making them perfectly suitable for outdoor locations. Moreover, with recent advancements in display technology, digital displays have become less prone to harsh outdoor environments and deliver excellent product life.

APAC is projected to hold the largest share of the digital signage market in 2026

APAC is expected to hold the largest share of the digital signage market in 2026. Increasing adoption of the Internet of Things (IoT) and technologies that enable digital transformation across various sectors such as commercial, institutional, infrastructure, and industrial has fueled the demand for digital signage in APAC. In addition, strong economic growth, rise in consumerism, growth in the standards of living, increase in disposable income, high technological advancements, growth of retail space, and changes in lifestyles have accelerated the adoption of strong and reliable advertising media in the countries of the region.

Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan), Leyard Optoelectronic (US), Sony Corporation (Japan), Barco (Belgium), Panasonic Corporation (Japan), Shanghai Goodview Electronics (China), AU Optronics (Taiwan), and BrightSign (US) are the key players in the global digital signage market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

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