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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

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Semiconductors & Electronics

Service Robotics Market – Growth, Study, Trends And Forecasts, 2014 To 2020

The service robotics market includes various robots. These are used for medical, defense, aerospace and various other purposes. Rising demand for service robotics across these sectors is estimated to drive the demand for the service robotics market during the forecast period. These robotics are also utilized for ensuring safety and surveillance. Services robots are highly advanced and estimated to infiltrate markets on account of their advantages.

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They have a mix of technologies, sciences and applications. Service robotics technology also assists in decreasing workloads. It comes forward in dangerous circumstances and helps achieve tasks which are next to impossible for humans. Robots utilized for individual tasks can assist, educate or entertain people at home. Other robots help in ensuring home safety, serve as friends and also aid in completing daily chores. The service robotics market also has a huge consumer base in the form of elderly and disabled people.

Outlook

The service robotics market is on rise and expected to grow significantly in the future. It is projected to attain a revenue of about USD 19 billion by 2020. The market is likely to expand at about 21 percent CAGR during 2014 to 2020. Service robotics technology is useful to humans. It caters to their professional as well as individual requirements.

Rising demand for service robots from old and disabled people is also estimated to steer the sales of the market. Due to broad application scope of these robots, the market faces huge demand across various industrial verticals. The service robotics market has gigantic potential and prospects in the future. It has also experienced imperative developments over the past years. This is specifically with regard to accuracy, mobility and perception.

Service robots help in executing tasks that are tiresome, dirty, dangerous and repetitive. They perform operations which are partly or fully automatic. Some of the other major application sectors across which these robots find use are research and rescue operations, forestry, demolition, cleaning and farming. Augmented demand for service robots across these sectors is also predicted to drive increased demand for the service robotics market.

Increased usage of robotics in automotives and rising governmental finances in support of service robotics also help drive further demand for the market. The service robotics market is segmented on account of two categories. These are applications and regions.

Applications Outlook

The applications market is fragmented into two categories. These are personal service robots and professional service robots. Personal service robots are utilized as pets and friends and means of entertainment. They occupy smaller share in the service robotics market. Professional service robots are used in the sectors of defense, farming, logistics, forestry, mining, search and security, medical, etc. All these sectors make use of highly advanced robots to meet their objectives.

Regions Overview

The service robotics market is also sliced in view of four regions. These are Asia Pacific, rest of the world, North America and Europe. Asia Pacific is estimated to remain the primary region. North America is likely to capture crucial shares in the service robotics market in years ahead.

Service Robotics Market

Information Source: Grand View Research

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Semiconductors & Electronics

Mobile Robotics Market – Size, Outlook, Categories And Trends, 2015 To 2022

The mobile robotics market is segmented in view of three categories. These are applications, travelling environments and geographical regions. The applications market includes the sectors of entertainment, domestic, healthcare and medical, field applications, defense and military, logistics and warehousing and others. Rising demand for mobile robotics across these sectors is anticipated to drive the demand for the market.

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The market of travelling environments comprises unmanned surface vehicles, unmanned aerial vehicles, unmanned ground vehicles and independent underwater vehicles. The geographical regions mobile robotics market includes Asia Pacific, rest of the world, Europe and North America. Mobile robotics possesses the capability of being the next innovative edge in flexible robotics.

Trends

The travelling environments market is likely to be dominated by unmanned ground vehicles through the forecast phase. This is due to the escalatedutilizationof these vehicles in the sector of defense and military. Unmanned aerial vehicles are projected to experience stable growth in the mobile robotics marketduring the said phase. This is owing to their accelerated utilization in the sectors of military, safety, wildlife, surveying, photography and defense.

Unmanned surface vehicles are estimated to grow in the years to come. This is on account of rising economical cordless data systems and worldwide positioning systems.Asia Pacific leaded the worldwide mobile robotics market in 2013. The region is likely to experience huge expansion through the forecast period. This is due to growing demand for mobile robotics in China, Japan, India, Australia, South Korea.

Outlook

The growing adoption of mobile robots in consumer and application sectors, like defense, cultivation and healthcare is estimated to increase the demand for the mobile robotics market. Mobile robots aid in the effective execution of operations that may or may not be repetitive. They assist workers in completing tough and complicated tasks within a short time. Commercialization of automated vehicles and automobiles due to technological developments in robotics is also anticipated to positively affect the mobile robotics market in the coming six years.

Innovations in mobile robotics also help in deactivating roadside bombs and reducing terrorism.Finances and incentives in support of mobile robotics from countries, like Canada, United States and Germany are also estimated to fuel the demand for the mobile robotics market. Mobile robotics also findsfuture prospects in entombment of bodies and elimination of wastes. If they are successful in performing these tasks, endemics can be prevented and rising demand for the market can be witnessed in the future.

Mobile robotics is a comparatively unexplored market in Latin America and Asia Pacific. It thus has the capability to develop further through the forecast period. The mobile robotics markethas also experienced broad implementation of mobile robotics in the sectors of distribution and warehousing, depainting and painting and dispensing and coating. Increased demand for mobile robotics across these sectors is also projected to steer the sales of the mobile robotics market.

With advancements in technologies, the robotics industry is estimated to witness commercialization of mechanized vehicles. Thiswill also further the sales of this market. The incorporation of mobile robots in smart products, devices and mobile technologies is also predicted to drive the mobile robotics marketahead.

Mobile Robotics Market

Information Source: Grand View Research

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Semiconductors & Electronics

Analog Integrated Circuits Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, and Forecasts, 2015 To 2022

The global analog integrated circuits market is expected to retain prominence owing to its small size, diverse functionality, and dynamic application areas such as LED lighting, healthcare monitoring, utility in automotive application, and collision prevention. Owing to their inherent flexibility and contraction, analog integrated circuits have been integrated in numerous sectors such as automotive products, consumer electronics products, biomedical products, and wearable sensor-based devices. Analog integrated circuits are anticipated to be deployed in automotives, communications, industrial, computing and storage, medical, and in consumer electronics sectors over the next few years.

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Market fragmentation restrains revenue and increases competition, strong competition leads to price reduction, and meltdown of economy affects growth opportunities and impacts revenues negatively. Discrete circuits are preferred over analog ICs owing to limited space constraints, thereby decreasing the returns. This is foreseen to hamper the analog integrated circuits market expansion.

The analog integrated circuits market can be categorized into application-specific and general purpose integrated circuits. Application-specific analog circuits function in specific domains such as consumer electronics, computing devices, automotive domains, and industrial domains. General purpose ICs, function in multiple domains such as voltage regulators, amplifiers & comparators, and data converters. Based on vertical sector applicability, the ICs can be segregated into industrial, administrative, automotive, communications, and consumer electronic sectors. Automotive and industrial sectors are poised to emerge as major application sectors for these ICs.

Use of ICs in infrastructural, avionic, and dynamic industrial applications is expected to drive the analog integrated circuits market in the North American region. In Asia Pacific, China is anticipated to maintain its course of high growth on account of increased consumer electronics adoption by the tech-savvy population. Europe is anticipated to surface as a global leader on account of major automobile manufacturers that have their production units in Europe. Automotive leaders such as Volkswagen, Ford, Toyota, Renault, and BMW have largely encouraged the analog integrated circuits market expansion in Europe.

Analog ICs market can be segregated into small-scale IC fabrication companies and merchant IC companies. Merchant vendors incorporate a specific set of strategies to retain their legacy in the market such as extensive breadth of product sets, special product design skills, competitive price, and widespread worldwide distribution & support networks. New entrants focus only on the specific product category they deal with. For example, Taiwan Semiconductor (discrete semiconductors, voltage regulators, and Op Amps), GMT (audio, power management, and switches), and Richtek (LED drivers and power management) are some of the market players focusing on explicit domains.

Major analog IC market players include Texas Instruments Inc., Qualcomm Inc., Infineon Technologies AG, Analog Devices Inc., and STMicroelectronics NV.

Analog Integrated Circuits Market

Information Source: Grand View Research