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

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

Next Generation Technologies

Smart Water Management Market – Size, Outlook, Categories And Trends, 2014 To 2020

In industrialized areas, water is the most ignored natural resource. Smart water services and solutions are still tussling for fast implementation in most of the global regions. This is on account of no regulatory backing from governments in Western Asia, Africa and some others. Maturing water infrastructure, particularly in Canada, the United States of America and Germany is one of the primary propellers of the smart water management market. It leads to pipe seepages, bursts, and augmenting client objections.

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Water regulatory organizations are dictating sterner ecological policies with respect to smart water management. This factor is yet another driver of the smart water management market. The worldwide market is estimated to experience significant growth in the future. This is owing to rising demand for decreasing loss of water and non-income water. Sustainable water administration policies are high on significance of different governments around the globe.

Harmful effects of environmental alterations, like increased sea levels, flooding dangers, and lengthier famine periods have impacted the resources of fresh water. These resources are required to uphold rising fiscal conditions and inhabitants. The prime cause of escalating demand for the smart water management market is augmenting industrial population.

Outlook And Trends

The smart water management market is anticipated to attain about USD 18, 310 million by 2020. Maturing infrastructure, growing water shortage, climate unpredictability, water quality problems and increasing water-relevant energy dangers are predicted to positively impact the market. Water stress, a circumstance brought about by rising demand for water, contamination and biologicallyirregular water resources is also expected to add income to the smart water management market.

Besides these, rising demand for hygienic water supplies and proper hygiene due to fast industrialization are also projected to drive further demand for the market. Lack of consciousness and data about ways to augment water effectivity might hinder the market. Also, low implementation of smart water management technologies owing to high fitting costs of advanced metering infrastructure might slow down the progress of the smart water management market.

Components Outlook

The smart water management market is segmented into three categories on the basis of components. These include solutions, devices and services. Devices surfaced as the leader of the components sector in 2013. They are estimated to dominate the market in the coming years as well.

Technologies Outlook

The worldwide market is also fragmented on account of two categories. These are fixed network technology and cellular network technology. Fixed network technology is anticipated to dominate the smart water management market through the forecast period. Cellular network technology is predicted to experience high expansion in the coming six years.

Regional Overview

North America is predictedto lead the smart water management market through the forecast period. Venture financial spendings around the United States water segment have boosted significantly. This factor has added further revenue to the market in North America. The Asian Pacific smart water management market is anticipated to experience the most rapid development in the future. Furthermore, rising demand for smart water management across application and consumer segments is also projected to steer the sales of the worldwide.

Smart Water Management Market

Information Source: Grand View Research

Next Generation Technologies

Automotive Entertainment Systems Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, And Forecasts, 2015 To 2022

The global automotive entertainment systems market is expected to witness exponential growth, owing to innovation and early adoption of these sophisticated devices. Entertainment systems such as rear-seat entertainment systems, satellite radio, and MP3 players have swiftly emerged as preferred features in contemporary automobile entertainment system offerings. The automotive entertainment systems market is foreseen to display a surge in number of new entrants to get a share of the growing market.

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Surge in global income level has boosted the growth of luxury and high-end car segments; consequently, resulting in the development of the automotive entertainment systems market. Growing modifications in customer experience, surging social status apprehensions, and reduced costs have encouraged the automotive entertainment systems market development. Urban lifestyle is foreseen to emerge as another driving factor as commute distances have lengthened.

Automotive entertainment systems market players have collaborated with both, consumer electronics and automotive vendors, to augment the entertainment system installation in luxury and mid-segment cars. Automotive entertainment systems are anticipated to observe dynamic applicability owing to reduced cost of assembled media devices and associated apparatus such as LCD display panels.

Surging commute time and increasing global per capita income have augmented the sale of automotive entertainment & aligned infotainment systems, in the premium and mid-segment car divisions. The Asia Pacific market is anticipated to witness a noteworthy growth over the next seven years, which can be attributed to surging luxury car sales. Europe and North America are expected to be the major reception regions, which can be attributed to increased demand for high-tech products and rising awareness of people about technological advancements.

Some of the key participants in the automotive entertainment systems industry include Bosch, Delphi, JVC-Kenwood, Denso, Harman International, Pioneer, and Alpine. This market also includes software platform developers such as KPIT, Luxoft, Nuance, and Intel, and automotive entertainment systems service providers such as ‘Meego Aha’ by Harman, and navigation system-service providers, TomTom and Garmin.

Prominent market participants continue to embed innovative technology in the automotive infotainment systems, thereby escalating their corresponding product applicability. Automakers have constantly strived to add new features in their vehicles and automotive entertainment systems. In a bid to augment their market share, infotainment systems are offered by automakers to attract buyers.

Automotive Entertainment Systems Market

Information Source: Grand View Research