Smart Home Market worth 137.91 Billion USD by 2023

According to the new research report “Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Home Healthcare, Smart Kitchen, and Home Appliances), Software & Service (Behavioral, Proactive), and Geography – Global Forecast to 2023″, the smart home market is expected to be valued at USD 137.91 Billion by 2023, growing at a CAGR of 13.61% between 2017 and 2023. The growth of the smart home market can be attributed to the significant advancements in the IoT market; increasing need for convenience, safety, and security; and rising demand for energy saving and low carbon emission-oriented solutions.

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The market for home appliances is likely to grow at a high rate between 2017 and 2023.

The increasing cost of electricity is a major concern for household consumers. These increasing costs are influencing the households to save energy. Smart home appliances can communicate among themselves and have emerged as an effective solution to save energy. Thus, households are increasingly adopting smart home appliances to minimize their energy costs. The smart home market for home appliances is expected to grow at a high rate between 2017 and 2023 owing to the advancements in electronics and communication technologies. Factors such as rising purchasing power and changing lifestyles of people are driving the demand for smart home appliances worldwide.

Smart meters held the largest share of the smart home market in 2016.

Smart meters enable end users to calculate their real-time energy consumption levels on a daily basis. They provide information regarding the use of energy at different times during the day, enabling them to take appropriate steps to cut down their energy costs. Thus, smart meters are expected to hold a major share of the smart home market by 2023.

The smart home market in APAC is expected to grow at a high rate between 2017 and 2023.

The smart home market in APAC is expected to grow at a high rate between 2017 and 2023, owing to the rising number of new residential projects and the increasing initiatives to strengthen the building infrastructure in the region. The presence of a huge end-user base in advanced economies such as Japan and South Korea and the growing demand for energy management systems are also expected to fuel the growth of the smart home market in this region.

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The major companies operating in the smart home market include Siemens AG (Germany), United Technologies Corporation (US), General Electric Company (US), Schneider Electric (France), Honeywell International, Inc. (US), Ingersoll-Rand PLC (Ireland), Johnson Controls, Inc. (US), ABB Ltd. (Switzerland), Legrand S.A. (France), Samsung Electronics Co., Ltd. (South Korea), Acuity Brands, Inc. (US), Lutron Electronics Co. Inc. (US), and Leviton Manufacturing Company, Inc. (US).

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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).

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Wireless Fire Detection Systems Market worth 303.8 Million USD by 2020

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″, 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.

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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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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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 5000 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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Google, Inc. (U.S.), Sony Corp. (Japan), and Apple Inc. (U.S.) Leading Players in the Top 10 Mobility Technologies Market

Mobility solutions use wireless technologies that enable users to roam freely, with being in touch with the back-end office infrastructure. The Top 10 mobility technologies report studies the major mobility technologies such as cellular IoT, wireless gigabit, mobile augmented reality, wireless charging for consumer electronics, Bluetooth, automotive vehicle-to-everything, mobile biometric, land mobile radio, automated guided vehicle, and wearable technology.

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Qualcomm Incorporated (U.S.) is a leading semiconductor manufacturer and supplier in the world. In 2016, the company acquired NXP Semiconductors; this acquisition would help Qualcomm broaden its customer base. It is among the forerunners in the NB-IoT market. The company has designed LTE modems (MDM9207-1 and MDM9206) to support reliable, optimized cellular connectivity in a growing array of devices and systems within the IoT. Qualcomm continues to expand the LTE capabilities to accelerate progress in the IoT with these modems. The company is developing transformative technologies to advance today’s global wireless standards for 4G LTE. Its global R&D teams help the company grow in the next-generation augmented reality industry. The company has dedicated in-house teams of AR technologists and visionaries based in San Diego (U.S.), Seoul (South Korea), and Vienna (Austria). In addition, it has collaborations with various leading academic institutions such as the Georgia Institute of Technology and Graz Institute of Technology (Austria).

The company is involved in the R&D and commercialization of AR technologies. Qualcomm Inc. also focuses on collaborating with different companies to capture more market share. The company intends to build relationships with the players that can help it expand its sales and marketing reach, both domestically and internationally, and facilitate the development of products and services that complement its existing portfolio of wireless power technology. As a part of this strategy, the company has entered into a partnership agreement with Powermat (U.S.) to provide cutting edge wireless power solutions for the applications in mobile devices as well as the electric vehicles. In addition, it has also acquired HaloIPT (U.K.) to enhance its portfolio of wireless technology.

Samsung Electronics Corporation Ltd. is known for its electronic gadgets such as smartphones, tablets, wearables, and headsets. It also provides other consumer electronics products such as TVs, laptops, cameras, and audio systems. The company is mainly focused on adopting new technologies for developing high-quality products. Presently, it is focusing on augmented reality applications for its smartphones, smart TVs, and wearable devices. Besides, the company’s global approach toward R&D facilities enables it to have a competitive edge in the market. The wearable technology market is in the promising stage and is expected to grow at a high rate in the near future. So, along with smartphones, the Samsung Group is also focusing on providing wearable technology for enhancing its position in the market. Samsung Electronics faces an intense competition from Google, Inc. (U.S.), Sony Corp. (Japan), and Apple Inc. (U.S.) for wearable products among different network, operating systems, and hardware camps. By focusing more on wearable devices and operating systems in smartphones, the Samsung Group would manage to reduce the costs of wearable devices to a great extent.

Texas Instruments Incorporated (U.S.) designs and manufactures semiconductors. It has announced that data can be exchanged between two wireless devices such as mobile phones and personal digital assistants, through inductive coupling. It has a strong product portfolio as well as R&D capabilities.

To increase its market share, the company has been focusing on strategies such as new product launches and development. The company is contributing to the growth of the IoT ecosystem with its wireless connectivity products such as Bluetooth Low Energy modules, embedded Wi-Fi modules, and others. The company also develops and launches a wide range of wireless solutions for the IoT market. Texas Instruments continues to focus on the analog and embedded product segments strategically. It aims to further expand and target innovative market verticals.

The company’s consistent focus on R&D enables it to launch innovative products, which helps in increasing its revenue and market share. Over the last several years, Texas Instruments has been focusing on enhancing its products and launching new innovative solutions through consistent R&D investments.

Related Reports:

Top 10 Mobility Technologies Market by Technology (Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit, Cellular IoT, Mobile Biometric, Automotive V2X, Wireless Charging For Consumer Electronics) & Geography – Global Forecast to 2022

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Next-Generation Data Storage Market worth 144.76 Billion USD by 2022

According to the new research report “Next-Generation Data Storage Market by System (Direct-Attached, Network-Attached, Storage Area Network, Software-defined, Cloud, Unified), Architecture (File, Object, Block), Technology (Magnetic, Solid-State), and Industry – Global Forecast to 2022″, the next-generation data storage market is expected to be valued at USD 144.76 Billion by 2022, at a CAGR of 16.76% between 2016 and 2022. The growth of this market is mainly driven by the increasing volume of digital data, increasing proliferation of smartphones, laptops, and tablets, and growth of the Internet of Things (IoT) market.

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Direct-attached storage (DAS) market held the largest size in 2015

DAS is the oldest storage system and offers convenient data storage solution. DAS offers simplicity and low-cost solution compared to any other storages. Network-attached storage (NAS) is the second-largest market by size after DAS in the next-generation data storage market. The key feature of NAS is the ability to provide multiple-client access to the same file. NAS devices also offer vertical and horizontal scalability. Such solutions are mostly used by enterprises where data security is of prime importance.

Market for solid-state storage expected to grow at the highest rate during the forecast period

Solid-state drives (SSDs) are one of the fastest and most reliable media for storing data. These drives do not contain any movable parts and use microchips to store data. Due to the non-moving parts, the data stored on these devices is more secured. Availability of hybrid flash arrays is driving the growth of solid-state devices where converged solution for conventional and flash storage is available.

North America accounted for the largest share of the next-generation data storage market in 2015

North America, being the early adopter of advanced data storage technologies, captures largest share of the next-generation data storage market. Every industry in North America is being digitized and demands advanced data storage solutions. Enterprises in America are increasing their spending on IT infrastructure to gain competitive advantage and increase their business productivity.

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The key players in this market include HPE Company (U.S.), NetApp, Inc. (U.S.), IBM Corp. (U.S.), Hitachi Ltd. (Japan), and Dell Inc. (U.S.)

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

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Ambient Assisted Living Market worth 3.96 Billion USD by 2020

The report “Ambient Assisted Living and Smart Home Market by Product, Services, Assisted Living, Product (Safety & Security, Communication, Medical Assistive, Mobility, Telemonitoring, Compensatory Impairment) and Region – Global Trend & Forecast to 2020″, the ambient assisted living market is expected to reach USD 3.96 Billion by 2020.

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The smart home market is estimated to grow from USD 25.38 Billion in 2015 to USD 56.18 Billion by 2020, at a CAGR of 17.2% between 2015 and 2020.Increasing safety and security concerns, rising demands for energy savings, and low carbon emission-oriented solutions along with the interplay of wireless technology, mobility, IoT, and digital living are expected to drive the smart home market.

Aging population is increasing in many developed countries, thus creating the demand for assisted living products. Therefore, the AAL market is expected to gain traction in the next five years; it is estimated to grow from USD 1.44 Billion in 2015 to USD 3.96 Billion by 2020.

Security and access control solutions to play a key role in the smart home market

Security and access control is expected to hold the largest share and lead the smart home market between 2015 and 2020, due to increase in the crime rate, remote monitoring mobile devices, and growing consumer awareness . Energy management systems and security & access control markets are expected to grow at high growth rates between 2015 and 2020.

Medical assistive products and telemonitoring/telemedicines segments expected to play a vital role in coming years

Safety and security is expected to hold the largest share of theambient assisted living market. Medical assistive products and telemonitoring/telemedicine segments are expected to exhibit high growth rate between 2015 and 2020, in the ambient assisted living market. Increasing aging population, life expectancy, and chronic diseases are likely to drive the AAL market.

North America expected to hold the largest market share, APAC to witness fastest growth in the smart home market

North America is expected to hold the largest share and lead the smart home market between 2015 and 2020, due to presence of a large number of players and increasing demands for energy-efficient and enhanced security products. APAC offers potential growth opportunities because of rapid technological advancements and construction activities observed in the APAC region.

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Major players in the market include Honeywell International, Inc. (U.S.), Siemens AG (Germany), Schneider Electric S.E. (France), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Medic4all group (Switzerland), Tunstall Healthcare Ltd (U.K.), Chubb Community Care (U.K.), Televic N.V. (Belgium), Telbios (Italy), Vitaphone GmbH (Germany), GETEMED AG (Germany), Koninklijke Philips N.V. (Netherlands), CareTech AB (Sweden), Assisted Living Technologies, Inc. (U.S.) and others.

The scope of the report covers detailed information regarding major factors influencing the growth of the smart home and ambient assisted living market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.

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MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, “RT” 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Infrared Detector Market worth 405.2 Million USD by 2020

According to the new market research report “Infrared Detector Market by Type (MCT, INGAAS, Pyroelectric, Thermopile Microbolometer and Others), Technology (Cooled Infrared, and Uncooled Infrared), Wavelength (Short, Medium, and Long Infrared), Application, and Geography – Global Forecast to 2020″, the market is estimated to reach USD 405.2 Million by 2020, at a CAGR of 9.83% between 2015 and 2020. The increasing awareness of IR detector in manufacturing and industrial applications, uncooled infrared technology, and wide acceptance of IR detector in different applications are the major drivers for the infrared detector market.

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Uncooled infrared detector technology is expected to grow at the highest CAGR between 2015 and 2020

The market for uncooled infrared detector technology sensors is expected to grow at the highest CAGR during the forecast period. Features such as high reliability, smaller size, and lower costs would drive the uncooled IR detectors market.

People and motion sensing application is expected to lead the infrared detector market

Infrared detector is primarily used in the people and motion sensing application, and currently, it holds the leading position in the overall market. the increasing use of IR detectors in places such as airports, museums, retail shops, and libraries for counting the people and for motion detection have resulted in the dominating position of the people and motion sensing application in the infrared detector market.

Asia-Pacific expected to hold the largest market share and witness rapid growth during the forecast period

Asia-Pacific accounted for the largest share of the infrared detector market in 2014; the market in this region is expected to grow at the highest CAGR during the forecast period, mainly owing to an increased demand for infrared detectors from temperature measurement, military and defense, and industrial applications.

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The major players in this market include Excelitas Technologies Corp., (U.S.), Nippon Ceramic Co., Ltd (Japan), Hamamatsu Photonic K.K. (Japan), Murata Manufacturing Co., Ltd (Japan), FLIR Systems Inc. (U.S.), Honeywell International Inc. (U.S.), Texas Instruments Inc. (U.S.), Infra Tec GmbH (Germany), Raytheon Company (U.S.), Omron Incorporation (Japan), and Sofradir (France) among others.

This research report categorizes the global infrared detector market on the basis of type, technology, wavelength, application, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the market. The Porter’s five forces analysis has been included in the report with a description of each of the forces and their respective impact on the infrared detector market.

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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 5000 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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Automotive Semiconductor Market worth 48.78 Billion USD by 2022

According to the new market research report on the “Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power, Sensor, and Memory), Vehicle Type (Passenger, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Electric and Hybrid), Application, and Geography – Global Forecast to 2022″, the automotive semiconductor market is expected to reach USD 48.78 Billion by 2022, at a CAGR of 5.8% between 2016 and 2022. The most significant factor driving the automotive semiconductor market is the increasing vehicle production which, in turn, is leading to the rise in demand for automotive semiconductors. Rising trend of vehicle electrification and growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth of the semiconductor content in the automobiles.

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Ongoing electrification of the powertrain system generating more demand for discrete power devices

Discrete power devices is the fastest-growing segment of the automotive semiconductor market segmented on the basis of components. The reason behind this sharp growth in the market share of the discrete power devices is due to the ongoing electrification of the major applications of the automobile, such as powertrain, which is generating more demand for power components such as MOSFET and IGBT.

Passenger cars segment occupies almost three-fourth of the overall automotive semiconductor market

Passenger cars accounted for the largest market share in 2016. This growth can be attributed to the huge demand for passenger cars across the globe, especially in Asia-Oceania. The rising middle-class population and improved disposable income have accelerated the demand for passenger cars in countries such as China, India, Thailand, Indonesia, and Malaysia among others.

Automotive industries in Asia-Oceania are the major consumers of the semiconductor component

The Asia-Oceania region expected to account for the largest share in 2016 of the total automotive semiconductor market. The Asia-Oceania region has emerged as a major automotive hub with the majority of the market share in terms of vehicle production as well as sales. The primary reason for this trend is the growing Chinese automotive market. This market has evolved into the largest producer of vehicles and consequently the largest consumer of automotive semiconductor across the globe.

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The report also profiles the most promising players in the automotive semiconductor market. The competitive landscape of the market presents a very interesting picture where several big and small players have become a force to reckon with. The key players in the automotive semiconductor market are NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (U.S.) among others.

The report articulates the drivers, restraints, challenges, and opportunities with respect to the automotive semiconductor market and forecast the market till 2022. The report also gives a qualitative and quantitative description about different segments considered for the automotive semiconductor market. This global report gives a detailed view of the market across the four geographical regions, namely, North America, Europe, Asia-Oceania, and Rest of the World.

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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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Artificial Intelligence in Healthcare Market worth 7,988.8 USD Million by 2022

According to the new market research report “Artificial Intelligence in Healthcare Market by Offering (Hardware, Software and Services), Technology (Deep Learning, Querying Method, NLP, and Context Aware Processing), Application, End-User Industry, and Geography – Global Forecast to 2022″, is expected to grow from USD 667.1 million in 2016 to USD 7,988.8 million by 2022, at a CAGR of 52.68% during the forecast period. The growing usage of big data in the healthcare industry, ability of AI to improve patient outcomes, imbalance between health workforce and patients, reducing the healthcare costs, growing importance on precision medicine, cross-industry partnerships, and significant increase in venture capital investments are expected to drive the AI in healthcare market.

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Software to hold the largest share of the AI in healthcare market

The AI software is used to assist the medical system in relevant insights, medical imaging and diagnostics, drug discovery, in-patient care and hospital management, virtual assistance, precision medicine, lifestyle management and monitoring, patient data and risk analysis, and research. The growing usage of smart devices, and the presence of major AI software providers such as IBM Corporation (US), Google Inc. (US) and Microsoft Corporation (US), Enlitic, Inc. (US), Next IT Corp (US) are driving the growth of the AI in healthcare market for the software offering.

Deep learning technology expected to grow at the highest rate between 2017 and 2022

The deep learning technology which includes image recognition, signal recognition, and data mining—is expected to witness the highest CAGR during the forecast period. The government mandates for using Electronic Health Records (EHR), the presence of major companies such as IBM Corporation (US) and Google, Inc. (US) and Microsoft Corporation (US), and the engagement in deep learning technology are expected to propel the AI in healthcare market.

North America to hold the major market share for AI in healthcare during the forecast period

North America, which comprises the US, Mexico, and Canada, dominates the overall AI in healthcare market. The US is a major contributor to the growth of the AI in healthcare market in North America Factors such as EMR, increasing focus on precision medicine, strong presence of leading companies engaged in developing AI solutions for healthcare, large number of cross-industry collaborations in this region, growing investments in the field of healthcare AI in this region, and high consumerization of personal care products are driving the growth of the AI in healthcare market in this region.

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The major players in the AI in healthcare market are IBM Corporation (US), Intel Corporation (US), Google, Inc. (US), NVIDIA Corporation (US), Microsoft Corporation (US), iCarbonX (China), Next IT Corp. (US), CloudMedx Inc. (US), Carescore (US), Atomwise, Inc (US), Zephyr Health, Inc. (US), Sentirian (US), BabyLabs, Inc. (US), Siemens Healthineers GmbH (Germany), Johnson & Johnson (US), Welltok, Inc. (US), General Vision, Inc. (US), Enlitic, Inc (US), Recursion Pharmaceuticals (US), General Electric Company (US), Stryker Corporation (US), Deep Genomics, Inc. (Canada), Medtronic Plc. (Ireland), Koninklijke Philips N.V. (Netherlands), and Oncora Medical, 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 5000 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, “RT” 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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Aerostructures Market worth 75.97 Billion USD by 2022

The report “Aerostructures Market by Component (Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle & Pylon), Material (Composite, Alloys, Metals), End-Use (OEM, Aftermarket), Platform (Fixed & Rotary Wing), and Region – Global Forecast to 2022″, The aerostructures market is projected to grow from USD 52.17 Billion in 2016 to USD 75.97 Billion by 2022, at a CAGR of 6.47% during the forecast period.

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Browse 94 market data tables and 87 figures spread through 177 pages and in-depth TOC on  “Aerostructures Market by Component (Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle & Pylon), Material (Composite, Alloys, Metals), End-Use (OEM, Aftermarket), Platform (Fixed & Rotary Wing), and Region – Global Forecast to 2022″
 
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Factors such as increase in outsourcing of aerostructure manufacturing by OEMs to tier 1 and tier 2 suppliers and rise in adoption of composite aerostructures by the general and commercial aviation sectors are driving the growth of the aerostructures market.

Based on material, the composites segment is projected to grow at the highest CAGR during the forecast period

Based on material, the composites segment of the aerostructures market is anticipated to grow at the highest CAGR from 2016 to 2022, owing to the increasing demand for composite aerostructures. The use of composites helps reduce the weight of the aircraft and improves fuel efficiency.

Based on component, the fuselage segment is expected to lead the aerostructures market during the forecast period

Among all components, the fuselage segment is projected to lead the aerostructures market from 2016 to 2022. Increase in aircraft deliveries is one of the most significant factors contributing to the growing demand for fuselage in the aerostructures market.

Based on end-use, the aftermarket segment is expected to grow at the highest CAGR during the forecast period

Based on end-use, the aftermarket segment of the aerostructures market is projected to witness the highest growth during the forecast period, owing to the rise in aftermarket services offered by different manufacturers of aerostructures.

Based on platform, the rotary wing segment is anticipated to grow at the highest CAGR during the forecast period

Based on platform, the rotary wing segment of the aerostructures market is projected to grow at the highest CAGR from 2016 to 2022, owing to the increasing demand for military and commercial rotary wing aircraft.

Asia-Pacific is expected to be the fastest-growing market for aerostructures during the forecast period

The aerostructures market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The growth of this market is mainly attributed to increase in outsourcing of aerostructure manufacturing to aircraft component suppliers in this region, owing to low labor and production costs. This has further driven exports of aerostructures in the Asia-Pacific region, thereby contributing to the growth of the aerostructures market.

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Major players operating in the aerostructures market include UTC Aerospace Systems (U.S.), Leonardo S.p.A. (Italy), and Triumph Group, Inc. (U.S.), among others.

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 5000 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 PC Market worth 4.73 Billion USD by 2022

According to the new market research “Industrial PC Market by Hardware (Panel Industrial PC, Rack Mount IPC, Box IPC, Embedded Box IPC, Embedded Panel IPC and DIN Rail PC), Data Storage Media, Touchscreen Technology, Sales Channel, End-User Vertical, and Geography – Global Forecast to 2022″, the industrial PC market is expected to be valued at USD 4.73 Billion by 2022, growing at a CAGR of 6.2% between 2016 and 2022.

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The growth in this market can be attributed to the increasing penetration of IoT across manufacturing industries, high R&D investments by the manufacturing companies to promote the adoption of industrial PCs, rising demand for energy-efficient manufacturing operations, and growing emphasis on regulatory compliances.

“Industrial PC market for solid state data storage medium to grow at a high rate between 2016 and 2022”

Solid-state is robust data storage medium for handling shocks and vibrations in manufacturing plants. It provides high-speed data access. Apart from providing consistent and faster input/output times, solid-state data storage medium offers similar levels of endurance and data integrity as other electronic devices; hence, require lesser cooling and power than its electromechanical equivalents.

“Market for capacitive touchscreen technology-based IPCs likely to grow at a high rate in the coming years”

The market for capacitive touchscreen technology-based IPCs is likely to grow at a high rate between 2016 and 2022. This market growth can be attributed to the advantages of capacitive touchscreen technology-based IPCs over resistive touchscreen technology-based IPCs such as faster response time, higher accuracy, and no requirement for periodic calibrations, among others.

“Direct sales considered as the most preferred sales channel and likely to continue its dominance during the forecast period”

The direct sales channels offer various advantages to the industrial PC manufacturers; they cater to the customization requirements of the end-user industries and eliminate resellers’ markup and the costs and risks associated with carrying large finished goods inventories. Due to these factors, the market for direct sales channels is expected to grow at a high rate during the forecast period.

“Oil and gas industry to hold the largest share of the industrial PC market between 2016 and 2022”

The growing demand for downtime, both logistically and commercially; increasing environmental concerns such as reduction of CO2 emissions; curtailment of fossil fuels usage; and fluctuating oil prices are reshaping the production landscape of the oil and gas industry. The oil and gas companies are focusing on incorporating new technologies in their production processes to reduce costs, while maintaining ecological balance. Due to the aforementioned factors, the industrial PC market for the oil and gas is likely to grow at a significant rate during the forecast period.

“North America to dominate the industrial PC market between 2016 and 2022”

The industrial manufacturers in North America focus on adopting advanced technologies to enhance their production processes and optimize output. The growing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply-chain management, and constant pressure of reducing maintenance and operation costs in the discrete industries are boosting the adoption of industrial PCs in this region. Moreover, several major players are increasingly investing in the industrial PC market in North America, thereby propelling the growth of the market in this region.

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The major players operating in the industrial PC market include Advantech Co., Ltd. (Taiwan), Beckhoff Automation GmbH & Co., KG (Germany), General Electric Co. (U.S.). Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), OMRON Corporation(Japan), Panasonic Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), and Siemens AG (Germany).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’s flagship competitive intelligence and market research platform, “RT” 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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