Market Research Blog

Radar Market size is forecast to total US$ 34.2 Bn in 2021, expanding at a 10% CAGR, the market valuation is expected to reach US$ 60.5 Bn by 2028.

A new report published by Future Market Insights (FMI) titled “Radar Market: Global Industry Analysis (2017-2022) and Opportunity Assessment (2022-2028)” states that with the increasing focus of governments on defence and the growing budget of the sector are expected to trigger substantial growth in the global radar market in the coming years.

Radar is a type of object-detection system that employs radio waves for determining the angle, range, or velocity of respective objects. It can also be used for detecting ships, aircraft, guided missiles, motor vehicles, weather formations, spacecraft, and terrain. As a result of these benefits, the demand for radar is likely to rise over time, especially in the defence and aerospace sectors.

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Increasing Application Areas to Present Lucrative Growth Prospects

Radar detectors are employed to map out climatic conditions for the air force, army, and other maritime tasks. Shuttle, air ship, boats, and vehicles are few of the key users of radar innovation. The presentation of 3D radar innovation and an expansion in the utilization of unmanned aerial vehicles (UAVs) is driving the market for radar framework and innovation internationally. Unmanned vehicles are basically utilized in peacekeeping activities and are additionally utilized for reconnaissance purposes.

Defence and Aerospace to Grab a Substantial Piece of the Pie; Automotive to Catch up

Growing security concerns along with rising defence budgets of both developing and developed nation are the core factors that are expected to boost the growth of the global radar market in the long run. Technological proliferation is expected to have incessant impacts on the growth of the market in this sector.

The developing market for radars is expected to be in the automotive industry. While today’s cars make limited use of radars, future cars are anticipated to integrate radars as a default element in their models. The chances for radar companies to capitalize on this evolving market are currently very high. Several automakers are still looking to partner with component manufacturers on integrated radar systems. For radar manufacturers, the time to invest in automotive radars is ideal because automotive radars are still under research and an early investment from the companies in the R&D process would stand them to gain a favourable learning chance.

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Radar Market by Category

Platform:

• Land
• Naval
• Airborne
• Space

Range:

• Short Range
• Medium Range
• Long Range

Application:

• Defense & Aerospace
• Marine
• Weather Forecasting
• Remote Sensing
• Automotive

Type:

• Detection and Search
• Targeting Radars
• Weather Sensing Radars
• Navigational Radars
• Mapping Radars

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/radar-market
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The market for intelligent transport systems is anticipated to reach US$ 37.8 billion by the end of 2022, with sales expanding at a rapid CAGR of 13.4% from 2022 to 2027.

By 2027, the market is anticipated to reach a value of $70.8 billion. Over the course of the forecast period, the market is anticipated to experience growth due to increased demand for improved transportation infrastructure and a growing need for better traffic management and control.

The increasing need for cutting-edge traffic control technologies has been spurred by an increase in traffic accidents and collisions. The demand for intelligent traffic control systems is growing as smart vehicles are increasingly being used in countries like the U.S., China, and the U.K. These two elements are the main forces behind the development and growth of the market for intelligent transportation systems.

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Additionally, the deployment of intelligent transport systems is anticipated to increase traffic efficiency, traffic passenger safety, passenger satisfaction, and environmental preservation. Another advantage is an improvement in traffic operations as a whole.

Advancements in transportation technology, rising adoption of IoT for traffic, and government investments in the designing, planning, and implementation of intelligent transport system solutions to control traffic congestion are all contributing factors for the market growth of intelligent transport system.

Key Takeaways:

• Rising adoption of smart vehicles will promote market growth in the U.S. over the assessment period.
• China will continue dominating the Asia Pacific market, excluding Japan.
• India is projected to emerge as a lucrative market in South Asia over the forecast period.
• By component, intelligent transport systems software is expected to witness a CAGR of 13% over the forecast period.
• On the basis of application, intelligent urban traffic management systems will register a CAGR of 9.4%.

Competitive Landscape

Manufacturers of intelligent transportation systems (ITS) are profiled in the full version of the report, including Thales Group AD, Siemens AG, Garmin Ltd., Kapsch Trafficcom, Tomtom International BV, Q-Free ASA, Denso Corporation, Atkins Group, Iteris Inc., Ricardo PLC, Efkon AG, Savari Inc., Transcore LP, Lanner Electronics Inc., and others.

To obtain a competitive edge, major companies in the global intelligent transport systems (ITS) market are using strategies such strategic mergers, acquisitions, and collaborations. Governments and other significant market participants are working with them to make significant investments in projects involving advanced solutions in order to increase their market position.

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More Insights into the Intelligent Transport Systems (ITS) Market Report

In its latest report, FMI offers an unbiased analysis of the global intelligent transport systems (ITS) market, providing historical data from 2013 to 2021 and forecast statistics for the period 2022 to 2027. To understand the global market potential, growth, and capacity, the market is segmented based on application (intelligent urban traffic management systems (traffic monitoring, traffic signal controls, enforcement camera management), Highway traffic management, intelligent car parking management systems (smart parking), Fleet management and asset monitoring (public, private), collision avoidance systems, advanced traveler information systems, congestion/road charging solutions), component (hardware, software, services), and region.

Intelligent Transport Systems (ITS) Market Regional Analysis 

According to the latest reports by FMI, India is expected to present significant growth rate in the intelligent transport systems (ITS) market over the forecast period. Increasing development in transport infrastructure coupled with rising incidences of road accidents are promoting the expansion of intelligent transport systems (ITS) market in this region. India is thus considered as one of the most lucrative intelligent transport systems (ITS) markets in South Asia.

In China, demand for intelligent traffic management is rising along with the increasing cases of road accidents and collisions. Intelligent transport systems (ITS) control road accidents, traffic and improve transport infrastructure. Due to this reason, many key players in the market are either eying the region for product launch or for introducing updates to existing systems. As a result of all these factors, China is expected to lead the Asia Pacific intelligent transport systems (ITS) market, excluding Japan market.

Apart from countries in the Asia Pacific region, the U.S. intelligent transport systems (ITS) market will also account for steady growth due to the rising demand for improved transport infrastructure. Rising adoption of smart vehicles also contribute to market growth in this region.

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Intelligent Transport Systems (ITS) Market Segmentation Analysis 

By component, the software segment will account for almost 21.6% market share, growing at a prolific CAGR of over 13% during the forecast period. Rising need for efficient traffic management systems across regions like China, India, and Japan is driving the market sales of this segment. More and more governments are forced to install ITS software for efficient traffic control due to the growing rates of accidents and collisions resulting from poor weather conditions. This bodes well for the software segment.

By application, the intelligent urban traffic management system segment is predicted to exceed US$5.04 Bn by the end of 2022, growing at a robust CAGR of 9.4%. Introduction of smart cities, and need for effective management of traffic across emerging economies is spurring the sales of the intelligent urban traffic management system segment. This system also aids in curbing the high mortality rate due to traffic accidents, thus, facilitating market growth.

Intelligent Transport Systems (ITS) Market by Category

Application:

• Intelligent Urban Traffic Management Systems
  • Traffic Monitoring
  • Traffic Signal Controls
  • Enforcement Camera Management
• Highway Traffic Management
• Intelligent Car Parking Management Systems (Smart Parking)
• Fleet Management and Asset Monitoring
  • Public
  • Private
• Collision Avoidance Systems
• Advanced Traveler Information Systems
• Congestion/Road Charging Solutions.

Component:

• Hardware
• Software
• Services

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Middle East & Africa
• Japan

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/intelligent-transportation-system-its-market
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A new research report suggests that the global analog phase shifter market is expected to witness an exponential growth in the coming years, especially in telecommunication applications. This research report by Future Market Insights is titled ‘Analog Phase Shifter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).’ The report highlights the current scenario of the global analog phase shifter market and the trends governing the market. According to the report, the global analog phase shifter market is expected to reach a market value of over US$ 1,600 Mn by the end of 2027, growing at a stellar CAGR of 49.5% during the forecast period.

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This exponential growth of the market is attributed to the introduction of 5G technology, wherein analog phase shifters will be used for beam forming. The telecommunication segment remained uneventful and non-responsive till 2017 after which the sector is expected to pick up pace and show the maximum contribution in the growth of the global analog phase shifter market during the forecast period 2017 – 2027.

The widespread nature and ubiquity of telecommunication infrastructure will induce a substantial growth in the market for analog phase shifters. The telecommunications segment in the global analog phase shifter market is expected to pick up pace in 2020, when the segment is anticipated to reach a valuation of over US$ 60 Mn by the end of 2020. The other two segments – radars and satellites – are both expected to witness a CAGR of 4.9% during the forecast period 2017-2027. The telecommunications segment is expected to grow at a whopping CAGR of 59.2% during the forecast period.

Analog phase shifter market to grow with arial defence gaining importance among security forces

As political instability and civil war continues in the Middle East, rich economies like the U.S. and Saudi Arabia are likely to spend heavily on their aerial defence programs. Procurement of air-to-surface missiles and up-gradation of military jets is also on the rise. Many countries are even implementing usage of drones into their arsenal. As phased array antennas are largely used in missile defence systems and military jets, the increasing focus on aerial defence will result in a favourable demand for analog phase shifters in the coming years.

Global Analog Phase Shifter Market: Competitive Landscape

This comprehensive research report includes a brief profile of the top players in the industry. Some of the leading companies mentioned in the report include Pulsar Microwave Corporation, Mini-Circuits, Qotana Technologies Co.,Ltd, SAGE Millimeter, Inc., Planar Monolithics Industries, L3 Narda-MITEQ etc.

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Key Segments Covered

By Application

• Radars
• Satellites
• Telecommunication

By Region

• North America
• Western Europe
• Eastern Europe
• Latin America
• APEJ
• Japan
• MEA

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/analog-phase-shifter-market
For Sales Enquiries: sales@futuremarketinsights.com
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The global varactor diode market’s performance is examined during a ten-year evaluation period, from 2017 to 2027, in a new research from Future Market Insights titled “Varactor Diode Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” The research provides key insights into the industry growth drivers and market development inhibitors and presents value predictions for the worldwide varactor diode market. According to Future Market Insights’ assessment, the global varactor diode market was assessed to be worth roughly US$ 490 million in 2017 and is anticipated to reach a valuation of roughly US$ 1,300 million in 2027, exhibiting a CAGR of 10.3% over the evaluation period of 2017–2027.

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Additionally, consumer gadgets are in higher demand globally. Smartphones, tablets, and other electronic devices like DVD recorders and players are all part of the consumer electronics business. The global varactor diode market is benefiting from the rising demand for these kinds of devices. During the projection period, it is also anticipated that new consumer electrical technology items will significantly increase demand for varactor diodes.

Rising Adoption of 5G Technologies in the Coming Years and Increasing Usage of Smartphones to Boost the Global Varactor Diode Market

Because they are increasingly employed for high speed applications that require greater linearity, varactor diodes used in wireless infrastructure are crucial to the proper operation of 5G technology. Sales of electronic goods like smartphones, laptops, and tablets will rise significantly as a result of the introduction of 5G technology. Varactor diodes are widely integrated in VCOs and employed in applications including radar, consumer electronics, and seaports as 5G technologies are currently in the research and development stage. Manufacturers are thus seizing the opportunity to increase the variety of varactor diodes in their product lineup, which are utilised in a variety of applications.

The rapid global expansion of smartphones is another factor contributing to the market for varactor diodes predicted to gain substantial traction. The global varactor diode market is projected to benefit from the widespread use of mobile phones with high-speed data connections, which is the standard today.

Global Varactor Diode Market: Segmentation and Forecast

The global varactor diode market is segmented on the basis of breakdown voltage, application and region.

• By breakdown voltage, the 5V-30V segment was estimated to be valued at nearly US$ 300 Mn in 2017 and is likely to reach a valuation of nearly US$ 780 Mn in 2027, exhibiting a CAGR of 10% during the period of forecast 2017-2027.
• By application, the mobile devices segment was estimated to be valued at nearly US$ 260 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 750 Mn in 2027, displaying a CAGR of 11.2% during the assessment period.
• By region, the APEJ varactor diode market was estimated to be valued at nearly US$ 140 Mn in 2017 and is expected to reach a valuation of nearly US$ 420 Mn in 2027, exhibiting a CAGR of 11.7% during the period of forecast.

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Global Varactor Diode Market: Competitive Landscape

In this report, some of the important players functioning in the global varactor diode market have been profiled, which include players such as NXP Semiconductors, STMicroelectronics, MACOM, Vishay Intertechnology, ON Semiconductor, Analog Devices Inc., Infineon Technologies, Integrated Device Technology Inc. and Micro Semi Corporation.

Market Taxonomy

By Breakdown Voltage

• 5 V- 30 V
• 31V – 65V
• 65 V & Above

By Application

• Defence, Aeronautics and Marine
• Satellite Communication
• Mobile Devices
• DVD Recorders

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/varactor-diode-market
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The Power Management Integrated Circuit (PMIC) Market is likely to surge at a vigorous 6.6% CAGR during the assessment period 2022 – 2027 and is anticipated to progress at a CAGR of 6.6% to reach US$ 28.1 Bn in 2022 and US$ 41.2 Bn by 2027.

• Rising sales of smart devices across the globe
• Growing energy harvesting initiatives
• Introduction of compact and high-efficiency PMICs
• Ongoing industrial automation and vehicle electrification

The FMI study finds that demand for power management integrated circuit (PMIC) in communication equipment application is projected to grow at a higher rate. In 2019, PMIC application in communication equipment is expected to grow at 8.5% y-o-y. The projected growth can be attributed to buoyancy in the telecommunication industry owing to increasing demand for connectivity and adoption of communication equipment starting from analogue switches to smartphones to communication satellites.

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Personal Electronics Application Registers Leading Revenues

The FMI study finds that demand for power management integrated circuit (PMIC) remains higher in personal electronics devices. In 2018, sales of power management integrated circuit garnered revenues worth over US$ 5.7 billion in 2018 and held 27% of the global PMIC market share. The demand trend in personal electronics application is expected to continue in 2019 at the rate of 6.6% y-o-y.

A plethora of personal electronics devices and their rising adoption rate in the wake of increasing millennial population, expansion of middle class and increased purchase capacity are factors responsible for the increasing demand for power management integrated circuit (PMIC) in personal electronics application. In addition, manufacturers in the consumer electronics industry highly utilize PMIC to optimize energy consumption in compact devices.

Industrial application of power management integrated circuit (PMIC) registered second highest revenues and accounted for over one-fifth of the market revenues in 2018. Demand for power management integrated circuit (PMIC) in an automotive sector closely follows revenues in industrial application.

PMIC Marketplace Moderately Consolidated

Leading players in the power management integrated circuit (PMIC) marketplace share considerable revenues. Texas Instruments, STMicroelectronics, NXP Semiconductors N.V., ON Semiconductor Corporation and Analog Devices, Inc. are prominent market players, of which ON Semiconductor is the front runner.

Small and mid-sized players are leveraging strategies such as introduction of low-priced products to establish a stronghold in the domestic market. Increasing revenues of these players are eating into the shares of prominent PMIC market players.

APEJ Revenues Continue to Surge

The FMI study finds that APEJ continues to register leading position in the power management integrated circuit (PMIC) market. In 2018, over two-fifth of the PMIC market revenues were accounted for APEJ region, of which over 67% share was registered from China and India.

The region presents significant growth of the end-user industries of the power management integrated circuit (PMIC) market, thereby garnering leading revenues.

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The FMI study finds that North America continues to register the second leading position in the power management integrated circuit (PMIC) market. In 2018, over one-fourth of the PMIC market revenues were accounted for the North America region, of which over 81% share was registered from the U.S.

Across the globe, increasing energy harvesting initiatives and their penetration in the semiconductor industry has generated lucrative opportunities for power management integrated circuit (PMIC) market. As the global demand for electricity rises and the world enters the era of IoT and digitalization, demand for power management integrated circuit (PMIC) is set to rise in the coming years.

Power Management Integrated Circuit (PMIC) Market Survey by CategoryBy Application:

• Automotive
• Communication Equipment
• Enterprise Systems
• Industrial
• Personal Electronics

Region:

• North America
• Latin America
• APEJ
• Japan
• Eastern Europe
• Western Europe
• Middle East & Africa (MEA)

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About FMI                     

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:                                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/power-management-integrated-circuit-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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The number of people watching live streaming fitness programmes during the protracted lockdown has continually climbed due to a growing concern among people to live healthier lives with consistent diets, better healthcare, and stretching exercises. This is one of the main factors influencing the market for video on demand (VOD) services, according to Future Market Insights (FMI). By 2021, the market is anticipated to reach more than US$ 81 Bn, according to FMI.