Automotive & Transportation

Law Enforcement Robots Market Size May Reach $5.7 Billion By 2022

The global law enforcement robots market was valued at nearly USD 1 billion in 2015. It is projected at USD 5.7 billion by 2022. Increasing terrorist activities will impel market growth over the forecast period (2016-2022).Scaling incomes and technological maturity will rapidly make these robots more affordable; further driving the market. The robots provide a level of protection to the human officers on duty to do their job remotely.

Terrorist operate outside the national borders as well as within the country. This has increased the safety & security budget of every country; increasing the use of robots by local police force and military alike. Law enforcement robots aim to safeguard the lives of law enforcement officers in the field. Officers face dangerous situations on the field, risking their lives to safeguard civilians. These manned police (robots) are operated by the police on force. They replace officers in vulnerable situations.

Next-generation law enforcement robots leverage sophisticated design, better material, tablet remote control, and software technology. These robots are implemented as platforms, used for accepting a range of components to repurpose units on the field. The robots are mobile automated process platforms, responsive to homeland security.

Mobile security technology is revolutionizing old security cameras, allowing a proactive approach to security. These robots can survey the field, protecting humans from impending dangers. The robots are equipped with video cameras facilitating communication and visual. The market comprises applications and products.

Applications, law enforcement robots respond to hostage taking, barricaded law breakers, surveillance, terrorists, bomb disposal, training, and natural disasters.

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Bomb squad robots require robots that are flexible and easy to maneuver. In addition to this they require a better technology. The robots can be modified to perform certain activities. Modular systems represent platform technology for the specific robot. The modules can be targeted to specific situations. Remote maneuvering empowers the law enforcement authorities with more functions and improves their performance.

The robots are required by security personnel under dangerous situations. Specifically designed ground robots are used to tackle terrorism, aid fire department, and local law enforcement. They support the community and cities safety patrol. Systems of engagement apps enable specially designed ground robot networks to be used for fire department requirements to and cities safety patrol.

On the basis of products the market is divided into bomb disposal unit, border patrol, and search and rescue robots (SAR), among others. Matilda is a low-cost investigation robot by Mesa Associates. The robot weighs 25 pounds and has rechargeable batteries that can last for nearly 6 to 10 hours. It comes with optional attachment like a detachable breaching mechanism and manipulator arm. Matilda can climb stairs at a 50° incline and can pan & tilt the camera. It also has an option cart which can carry nearly 500 pounds of equipment for the law enforcement team or food for hostages.

Police use search and rescue (SAR) robots are used in rescue missions. For instance, unsafe damaged buildings after a disaster, where first responders are unable to enter. These robots are being developed for search & rescue situation, as global positioning system (GPS) and thermal imaging was added to arsenal accessible to robots. In situations where the officials and/or civilians are wounded but can’t be removed from the scene, SAR robots step in and rescue the victim. It uses its own bulk to protect the injured.

Mitsubishi Next-generation, Google, Endeavour Robotics Kongsberg, and Robosoft are leading players of the law enforcement robots market.

Global Law Enforcement Robots Market

Information Source: Radiant Insights

Advanced Interior Materials

Global Rare Earth Elements Market To Grow At 12.4% CAGR Till 2024

The global rare earth elements market is anticipated to grow at a CAGR over 12.4 % from 2016 to 2024 (forecast period). It should reach around USD 16 billion by 2024.Rare earth metals have numerous applications in advanced products; such as nuclear batteries, television sets, tablets, military warfare, superconductors, etc.

Booming mobile devices have raised the demand for rechargeable batteries, thus pushing market sales. In addition, the demand for metal catalysts; like cerium (Ce) and lanthanum (La) is projected to propel the industry. The said catalysts find applications across industries comprising metallurgy, automobiles, and glass.

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Some factors; such as strict regulations, diminishing reserves, and complex extraction will pose challenges for industry players. Expansion in the automobile sector is predicted to further the demand for magnets, thus driving the market.

However, the recycling of rare earth elements from waste may provide excellent opportunities to them. Despite the multiple applications of these elements, the market faces challenges in the form of decreasing resources & feedstock. Also, eco-hazards associated with mining have coerced several nations, like China to prohibit excessive mining to prevent resource-exploitations.

The market is categorized into products, applications, and regions. Product segments include cerium, neodymium, praseodymium, lanthanum, yttrium, gadolinium, dysprosium, etc. Cerium led and accounted for significant shares in the past.

Lanthanum was the second largest segment. Neodymium is one of the  essential rare earth elements and utilized in permanent magnets. The demand for permanent magnets has been rising fast, specifically in electronics and automobile industries.

Applications encompass catalysts, magnets, polishing, glass, metallurgy, etc. Metallurgy and magnets were the biggest segments and jointly accounted for substantial shares. Metallurgy would experience the fastest growth till 2024 due to the adoption of lanthanum, neodymium, yttrium, and cerium; which are mainly added to enhance metals’ physical features.

Geographically, the worldwide rare earth elements market is fragmented on the basis of Asia-Pacific, North America, Europe, and RoW. Asia-Pacific was the biggest market in 2013. It is estimated to register the highest growth with respect to consumption. Regional demand could be fueled by growing applications in China, India, South Korea, etc.; among which China has the biggest resources. Chinese monopoly in the market is expected to record a decline.

Extractions and rapid urbanization across China also drive regional growth. The RoW consists of Latin America and the Middle East & Africa. It is anticipated to observe considerable expansion owing to its automotives & metallurgy industries. North America was the 2nd biggest customer base of the global market in 2013. It consumed more than 14 kilo tons the same year. However, this region can lose shares to the Middle East, Latin America, and Asia Pacific in the coming eight years.

Some of the major companies with the worldwide rare earth elements market are Lynas Corporation Ltd.; Indian Rare Earths Ltd.; China Rare Earth Holdings Ltd.; and Great Western Mineral Group Ltd. China Rare Earth Holdings Ltd. and Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co were the biggest suppliers of rare earth elements and together occupied about 33% shares in 2013.

Rare Earth Elements Market

Information Source: Grand View Research

Personal care & cosmetic

Zeolite Market – Analysis, Trends And Forecasts, 2015 To 2022

The zeolite market produced approximately USD 27.8 billion in 2014. It is anticipated to grow significantly during the forecast period (2015 to 2022). This will be due to demand for detergents, awareness regarding hygiene, and growing refining yield. Moreover, demand for natural products in the industries of agriculture, pet litters, and concrete should also drive the market.

Growing disposable earnings and emphasis on ecological safety are likely to increase market incomes in Latin America, Asia Pacific, and Middle East & Africa. Additionally, enhanced infrastructure in these regions would drive the consumption of zeolites in the forecast period.

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Low pricings of zeolites and usage of the latter for microbial protection should also raise market sales. Zeolites involve less preliminary infrastructural spending and technical complications. Along with these, huge demand for builders, adsorbents, and catalysts has led to market expansion. The zeolite market is divided into products, applications, and regions.

In terms of products, natural zeolites led the market and had more than 60% shares in 2014. Synthetic will grow at over 2.5% CAGR in regards to volumes during 2015 to 2022. Awareness regarding cleanliness & fitness has furthered the use of synthetic zeolites in water treatment.

Application segments comprise adsorbents, catalysts, and detergent builders. Detergent builders were the biggest application in 2014. They generated more than USD 19, 000 million that year. Adsorbents should expand at around 1.6 % CAGR in the coming seven years due to demand across several applications.

These applications are drying & air separation, water treatment, gas separation, and petroleum refinement. Regional segments of the zeolite market include Europe, Asia Pacific, North America, and rest of the world. Europe led the market in 2014. It accounted for over 1, 600 kilo tons the same year.

Asia Pacific is estimated to experience significant expansion during the forecast period. It would have a CAGR of more than 3 % by volumes during the same period. This should happen in view of escalating infrastructural spending in India, China, Malaysia, Indonesia, and other South Eastern nations.

Main players in the worldwide zeolite market encompass UOP LLC, Tosoh Corporation, Zeochem AG, Arkema Group, and Grace Catalysts Technologies. They are expanding their capacities in Europe & Asia Pacific and implementing other strategies to gain more shares.

Zeolite Market

Information Source: Grand View Research

Next Generation Technologies

Wireless charging market – Analysis, Trends And Forecasts, 2014 To 2020

In 2014, the worldwide wireless charging market contributed USD over 1.85 billion. Rising adoption of this technology in consumer electronics devices such as tablets and smartphones is expected to augment the industry demand further. Furthermore, other sectors such as defense, automotive, industrial and healthcare are anticipated to boost the market growth over the coming years. To enhance existing functionalities and features, market players are investing heavily on R&D activities which will impact the overall demand.

Consumer electronics contributed over 60% of the worldwide share in 2014 and is anticipated to dominate in terms of market size by 2022.Unavailibity of electric points coupled with elimination of hassles caused owing to wired chargers have increased in prominence of cordless power.

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Defense and healthcare are anticipated to be the promising application sectors over the coming years. Furthermore, PMA and WPC specialize in inductive technology and announced their merger in June 2015, after a year of discussion.  In Addition, they formed a new entity in November 2015, after their mergers were named Airfuel alliance.

Based on technology, Inductive has penetrated significantly into the industry and accounted for over 50% of the revenue share in 2014.Additionaly, Electric vehicles use inductive technology for powering. Radio frequency and resonant are anticipated being the most lucrative technologies over the forecast period.

Resonant technology does not require direct contact and aids in powering of devices, it also increases convenience. Furthermore, this technogy also provides multiple devices to be charged concurrently. RF-based technology eliminates the need for proper alignment in case of small devices like medical plants and wearables.  Several   advantages which are offered by technology are making firms like humavox to invest more in the industry.

Asia Pacific is the promising regional sector for hybrid electric vehicles and lucrative industry for consumer electronics devices like laptops and smart phones .The region contributed over 35% of the total market share in 2014. Furthermore, North America is the major regional segment owing to consumer’s inclination towards investing more on tablets and Smartphone’s has increased in the region. Africa and Latin America are comparatively untapped markets and are estimated to undergo augmented adoption of cordless charging over the coming years.

Integrated Device technology, WiTricity Corporation, PowerbyPRoxi and Qualcomm are some of the major companies operating in the  wireless charging market. WiTricity has developed charging technologies for numerous applications involving medical, automotive, and industrial and consumer electronics.

Wireless charging market

Information Source: Grand View Research

Medical Devices

Vascular Graft Market – Analysis, Trends And Forecasts, 2015 To 2022

The vascular graft market was worth about USD 1.9 billion in 2014. It is projected to reach around USD 3.6 billion by 2022. Cardiovascular diseases and technological advances in tissue engineered vascular grafts are its drivers. Rising healthcare costs and favorable insurance policies will also augment market growth.

Apart from the aforementioned diseases, the current lifestyle of junk food, alcohol & tobacco consumption, and substance abuse will boost the usage of vascular grafts from 2015 to 2022 (forecast phase). Genetic factors like diabetes would also increase their usage during the same phase. High EVAR (endovascular aneurysm repair) volumes are the key driver of the vascular graft market.

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The market products are coronary artery by-pass grafts, endovascular stent grafts, hemodialysis access, and peripheral vascular. Among these, endovascular stent grafts accounted for over 85% of the market in 2014. Factors attributing to their share are current lifestyles and minimal physical activities.

The vascular graft market is also segmented on the basis of applications. These include diabetes, aneurysm, kidney failures, vascular occlusion, and cardiovascular diseases. Cardiovascular diseases accounted for 25% shares in 2014. This was credited to the high prevalence of blood sugar, hypertension, and age-related illnesses. Cardiovascular diseases result directly from coronary artery diseases, diabetes, and obesity.

On the basis of raw materials, the vascular graft market is divided into polyurethane, polyester, polytetrafluoroethylene, and biological materials. Polyester had 38% share in the past. Biological materials are sub-divided into human saphenous & umbilical veins and tissue engineered materials. They are preferred more on account of reduced post surgery complications. Biological materials are expected to be the fastest growing raw material in the forecast phase.

The vascular graft market is also split on the basis of regions. These are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America accounted for 50% share in 2014. This was attributed to collaborations between research organizations & manufacturers and advanced healthcare infrastructure. Asia Pacific should be the fastest growing region, with about 10% CAGR in the seven years ahead.

Research facilities and favorable governmental initiatives like ‘Make in India’ targeting cardiovascular diseases will favor this region. Major players of the global vascular graft market comprise Medtronic Plc., Terumo Medical Corporation, Bard Peripheral Vascular Inc., Junken Medical Co. Ltd., and Cook Medical.

Vascular Graft Market

Information Source: Grand View Research


Neurostimulation Devices Market – Analytical Insights, Trends And Forecasts, 2014 To 2020

Neurostimulation technology includes the utilization of microelectrodes. These electrodes stimulate components of the nervous system. Neurostimulation technology makes use of a device to transport electrical signals to the nervous system at certain time periods. The device is referred to as a neurostimulation device. It has a size akin to that of a stop-watch and is battery-powered. The device is embedded in the brain via surgical means. It helps electrical signals to activate the concerned nerve.

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Neurostimulation procedures assist in treating neuro-disorders and chronic pains. In conditions with chronic pain, these procedures don’t allow painful sensations to reach the brain. These sensations are blocked at the very site of the injured nerve. Rising brain disorders are steering the sales of the neurostimulation devices market around the globe. These devices are getting increasingly popular and gaining wide recognition with time. They are also helpful in treating Parkinson’s disease, nociceptive pain, depression, epilepsy and obsessive compulsive disorder.

Neuropathic pain happens as a result of nerve injury. Nociceptive pain is a consequence of cancer, diabetes and arthritis. When general drug therapies fail to treat the aforementioned conditions, neurostimulation devices come handy. Neurostimulation procedures are also considered as one of the last resorts for chronic neuro-disorders. The worldwide neurostimulation devices market is projected to experience considerable growth through the forecast phase.

Augmented consciousness with respect to brain disorders and boosting spendings in the research and development of advanced neurostimulation devices are estimated to propel the income of the neurostimulation devices market. Apart from these, the accelerated old population triggering the onset of neuro illnesses furthers the market. Conversely, optional therapies for neuro-disorders and side effects of neurostimulation technology limit the flow of the neurostimulation devices market and hinder its pace.

The worldwide market stood at around USD 5, 089 million in 2014. It is estimated to rise to around USD 10, 445 million by 2020. The neurostimulation devices market is set to record about 12.6 percent CAGR in the forecast phase.

Regions Insights

The North American neurostimulation devices market is expanding further. This is owing to the rising prevalence of Parkinson’s and Alzheimer’s diseases in the region. Additionally, various proposals by government and individual organizations for escalating consciousness regarding neurological disorders are also driving the region. Apart from these, significant investments in the research and development of neurostimulation technology are steering the regional neurostimulation devices market forward.

Europe is growing on account of increased governmental proposals for enhancing the medical facilities of the region. The growth is also driven by escalating aged population and rising neuro-disorders. The Asian Pacific neurostimulation devices market is expanding most swiftly. This is owing to the boosting population of old people and escalating awareness regarding neuro and psychiatric disorders in the region.

Categories Outlook

The neurostimulation devices market is divided on the basis of five categories. These are applications, devices, external devices, implantable devices and geographical regions. Surging demand for these devices across all the applications is also anticipated to drive the neurostimulation devices market ahea

Neurostimulation Devices Market

Information Source: Grand View Research

Semiconductors & Electronics

Smart Meters Market – Analysis, Trends And Forecasts, 2015 To 2022

Global smart meter shipments are projected to increase from 60 million units in 2012 to 165 million units in 2020. The market was valued at USD 11 billion in 2013. Total global revenues may cross USD 22 billion by 2020.

Higher global focus on conserving energy is prompting governments to encourage widespread installation of smart meters. Smart meters help consumers to regularly monitor power consumption and thus lower peak electricity demand. Promotion of green energy and efficient transmission of electricity indicate a promising outlook for the future.

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Electricity suppliers also benefit from these meters in multiple ways. Reaction time for resolving power outages and hardware faults is reduced. On-site visits and manual readings are not required. Convenient remote reading improves customer service. Growing awareness of the advantages offered by smart meters will aid market growth.

An important feature of smart meters is their ability to share real time information pertaining to usage and tariff rates. This benefit resonates across the value chain. However, lack of standardized technology and inconsistent regional deployment may inhibit market growth.

The global smart meters market can be segmented on the basis of applications and regions. Main application categories are commercial, residential and industrial. Commercial segment held more than 34% of the total market in 2013. It includes commercial establishments like residential lodges, offices, hotels, shopping complexes, etc. Electricity meters that offer high levels of flexibility and robustness are a prerequisite for this segment.

Residential applications encompass suburban and urban apartments, standalone autonomous bungalows. They accounted for 61.9 million smart meter units in 2013. Installations could grow at a CAGR of 9.9% from 2014 to 2020. This segment will lead the market in terms of volume over the next six years.

Regional wise, there are four segments viz. Europe, North America, Asia Pacific and Rest of the World (RoW). North America and Europe will witness sound growth driven by supportive administrative policies and regulations. In fact, Europe would attain the fastest growth (CAGR of 9.5% from 2014 to 2020) in terms of revenues.

Asia Pacific, which accounted for 49% of the global volumes in 2012, will dominate in terms of volumes. China, which plans to implement smart grids for sustainable energy management, will be a key contributor to this dominance.

Eminent market participants include Echelon Corporation, Sensus USA Inc., Itron Inc., and Landis+Gyr. Mergers, acquisitions, vertical integration are the favored growth strategies.

Smart Meters Market

Information Source: Grand View Research

Medical Devices

U.S. Medical Device Outsourcing Market – Analysis, Trends And Forecasts, 2015 To 2022

The U.S. medical device outsourcing market generated around USD 13.3 billion in 2014. The major market driver is demand for healthcare instruments & cost control. Additionally, connected advantages like decreased production costs and concentration on core proficiencies are predicted to boost the market in the forecast period (2015 to 2022).

The geriatric populace is susceptible to chronic illnesses and also drives the market. Complications in product manufacturing and growing small-sized manufacturers provide future prospects to this market. However, the market faces hindrances from drastic reductions in U.S. public investments.

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Moreover, productivity pressure, escalating costs & competition, and higher market penetration have impacted the U.S. medical device outsourcing market. Wide prevalence of traumatic wounds, cardiac illnesses, and cancers enhance the demand for surgical practices. This causes growth in surgical equipment and propels market incomes.

The market is bifurcated into applications and services. Class II, class III, and class I are the application segments. Class II devices captured around 48% shares in 2014. They should notice the fastest expansion (at about 9.8% CAGR) in the coming seven years. These equipment decrease the dangers of death & injuries.

Class II devices include surgical drapes, powered wheelchairs, infusion pumps, and others. Easier technologies in comparison to class III devices turn class II devices into the most outsourced. In regards to services, the U.S. medical device outsourcing market was led by product development & design in 2014. This segment held more than 25 % shares that year.

It is the most capital extensive industrialized segment and will experience maximum outsourcing rates. Regulatory services occupied the second biggest share in 2014. They are highly popular and broadly recognized. Product implementation services are anticipated to grow lucratively (at more than 11 % CAGR) during the forecast period.

Use of process overlapping as a beneficial alternative and synchronized product design implementations are the reasons for their fast growth. Some key players in the U.S. medical device outsourcing market comprise Accellent Inc., Kinetics Climax, Avail Medical Products Inc., Active Implants Corporation LLC, and Teleflex Medical OEM.

They offer cost-effective equipment & services to recipient establishments. The players also indulge in mergers and acquisitions for market penetration.

U.S. Medical Device Outsourcing Market

Information Source: Grand View Research

Next Generation Technologies

Printed And Chipless RFID Market – Analysis, Trends And Forecasts, 2015 To 2022

Revenues of the printed and chipless RFID market will increase from about USD 2.1 billion in 2014 to around USD 15.2 billion by 2022. Market demand is driven by the need for inventory management & supply chain visibility. Falling tag costs also prove beneficial.

Printed and chipless RFID (radio frequency identification) technology has many users. One of them is public transit.  Public transit systems benefit from better functionality and lower costs of this technology. Major transport systems utilizing RFID are Octopus Card in China, Ventra in the United States, Oyster Card in the U.K., T-Monet in Seoul, and Saint Petersburg City Card in Russia.

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Technological developments simplify the manufacture and reduce the production time of printed and chipless RFID products. This leads to higher adoption of the products. Chipless RFID also facilitates anti-counterfeiting and asset tracking, thus discouraging thefts in retails.

High unit prices of chip-based tags in the pharmaceuticals industry drive the switch to chipless tags. Electronic transactions and governmental initiatives like e-passports fuel market sales. However, this technology’s proper implementation demands huge investments, which can discourage its growth. Demand could rise when implementation costs lower due to technological developments and more competition.

The printed and chipless RFID market is split on the basis of applications and regions. Application segments are aviation, retail, transport & logistics, and healthcare. Transport & logistics accounted for more than 29% revenues in 2014. It is estimated to rise at around 26% CAGR during 2015 to 2022 (forecast period). This would be triggered by the booming public transit industry.

Contact and contactless RFID smart cards enhance operational efficiencies and reduce travel time. Retail occupied about 26% of the market in 2014. Main applications in retails encompass supply chain management, shrinkage loss reduction, and stock tracking.

Regions wise, the printed and chipless RFID market comprises Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. North America held 36% shares in 2014. Asia Pacific is projected to expand at a CAGR of 30% over the next seven years. Huge opportunities in China and India should contribute to the same.

Leading participants of the worldwide printed and chipless RFID market include Zebra Technologies, IBM Corporation, Alien Technology Corporation, and Siemens AG. The market is highly competitive. Its success factors comprise product developments, warranty coverage, and customer relationship management, among others.

Printed And Chipless RFID Market

Information Source: Grand View Research

Medical Devices

North America Home Healthcare Market – Analysis, Trends And Forecasts, 2015 To 2022

The North America home healthcare market was worth USD 757 million in 2014. It is projected to grow lucratively, at around 10% CAGR during 2015 to 2022 (forecast period). This can be attributed to geriatrics population and resulting chronic ailments. Increasing need to lower the healthcare costs is another market driver.

Chronic ailments require continuous care & attendance. Hospitalization involves huge costs. Demand for hospital beds outnumbers their supply. Home healthcare is an effective & affordable solution to these problems.

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Coverage under Medicaid, Medicare, and other private insurance providers is also an advantage. Moreover, governmental initiatives (e.g. Canadian Home Care Association) will encourage home healthcare. The North America home healthcare market is categorized into products, services, and countries.

Product segments are wound care, heel protectors, mattress overlays, and seating cushions. Wound care is sub-divided into wound care products, wound closure products, wound cleaners, lotions & creams, and wound care dressings.

Heel protectors are split into cushions, gels, silicon sleeves, convoluted foam boots, and synthetic protective boots. Mattress overlays comprise low air loss mattresses, pressure relief & alternating pressure mattresses, memory foam mattresses, and premium guard water mattresses. Seating cushions include latex cushions and gel & form cushions.

Wound care held over 64% of the total revenues in 2014. Infected wounds are a major concern, significantly furthering this product. Mattress overlays could capture major shares by 2022. Wound care and mattress overlays are jointly estimated to capture 86% shares by the same year. Diabetic ulcers, pressure ulcers, and venous stasis ulcers should contribute to this large share.

Services are split into home care, unskilled home care, durable medical equipment, and others. Home care services, with 31% revenues, were the leading segment in 2014. Durable medical equipment could occupy about 26% shares by 2022.

On the basis of countries, the market is categorized into U.S., Mexico, and Canada. The U.S. would grab lion’s share (over 86%) by the end of the forecast period. Sophisticated healthcare, high disposable earnings, patient awareness, and geriatric populace will be the key drivers of this country. Leading players of the North America home healthcare market comprise Span America, Smith & Nephew, Invacare, and Kinetic Concepts.

North America Home Healthcare Market

Information Source: Grand View Research