Intelligent Transport Systems (ITS) Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 – 2027

The global intelligent transport system market is projected to reach a value of US$ 37.8 Bn by the end of 2022, with sales growing at a prolific CAGR of 13.4% over the forecast period of 2022-2027.

Attribute Details
Intelligent Transport Systems Market Size in 2022 US$ 37.8 Billion
Intelligent Transport Systems Market Value in 2027 US$ 70.8 Billion
Historical CAGR 9.8%
CAGR (2021-2031) 13.4%

The market will reach an estimated a value of US$ 70.8 Bn by 2027. Elevated demand for enhanced transportation infrastructure and growing need for better traffic management and control is expected to boost the market over the forecast period.

Rising incidences of road accidents and collisions have fueled the growing demand for advanced traffic control solutions. The adoption of smart vehicles across regions like the U.S., China, and the U.K. are promoting the demand for intelligent traffic control systems. These two factors are the primary drivers of the intelligent transport system market growth and expansion.

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Furthermore, adoption of intelligent transport systems is expected to achieve traffic efficiency, safety of traffic passengers, improve passenger experience and also contribute towards environmental preservation. Improvements to the overall traffic operations is another benefit.

Government investments in the designing, planning and implementation of intelligent transport system solutions to control traffic congestion as well as advancements in transportation technology and rising adoption of IoT for traffic 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

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 are some of the manufacturers of intelligent transport systems (ITS) profiled in the full version of the report.

Key players in the global intelligent transport systems (ITS) market are employing tactics like strategic mergers, acquisitions and collaborations to gain a competitive advantage. They are collaborating with governments and other key market players to invest extensively in advanced solution projects and thereby strengthen 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.

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.

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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.

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U.S. & Canada portable air conditioner market is estimated to top nearly US$ 231.2 Mn in 2022 and is projected to reach US$ 319.7 Mn by 2032

The U.S. & Canada portable air conditioner market is estimated to top nearly US$ 231.2 Mn in 2022 and is projected to reach US$ 319.7 Mn by 2032 at a CAGR of 3.3% from 2017 to 2021.

2017-2021 U.S. & Canada Portable Air Conditioner Market Outlook Compared to 2022-2032 Forecast

Rise in consumer’s income, which leads to higher living standards, has resulted in an increase in demand for portable air conditioner, resulting in the growth of the portable air conditioner market. Growth in urbanization, which leads to an increase in demand for portable Air conditioner in places such as corporate offices and hypermarkets, is another important factor driving the U.S. & Canada portable air conditioner market. Furthermore, consumers’ growing preference for convenience and comfort is expected to upkeep demand for portable air conditioner over the forecast period.

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Image Explanation

The U.S. & Canada portable air conditioner market is valued at US$ 224.7 Mn in 2021 and is expected to reach US$ 319.7 Mn in 2032, growing at a CAGR of 3.3% from 2022 to 2032. The market is characterized by intense competition owing to the presence of several well-established global players. Some of the key players in the market are Midea Group, LG Electronics, Black+Decker Inc., Electrolux AB, and Haier Group Corporation among others.

Technological Advancements in IoT Transforming the Way Consumers Interact With Their Products

With constant technological advancements, consumers are eager to purchase next-generation portable air conditioners that are multi-functional and simple to use. Manufacturers of portable air conditioners are incorporating advanced technologies such as the Internet of Things and a variety of sensors to automate various machine tasks.

Leading market players are introducing portable air conditioners with advanced settings such as sleep-mode operation, quieter as consumers prefer to buy less noisy air conditioners. Consumers are increasingly interested in lightweight portable air conditioners.

Above all, the most popular trend in the portable air conditioner market is the production of smart portable air conditioners with WiFi. The majority of market players are introducing portable air conditioners that can be controlled remotely and smartly optimize the use of electricity. Furthermore, the majority of the established manufacturers in the portable air conditioner market have produced voice-controlled portable air conditioners.

These portable air conditioners are compatible with popular voice-activated systems like Amazon Alexa, Apple HomeKit, and Google Assistant. Market players are incorporating smart business strategies to attract consumers and establish a stronger position in the portable air conditioner market by manufacturing technologically advanced yet energy efficient portable air conditioners.

Growing Importance of Sustainability in Purchasing Decisions

Customers are now living in a new “period of sustainability,” in which values, attitudes, and preferences based on sustainability are driving lifestyle choices and purchasing decisions. Customers are ‘voting with their wallets’ all across the world. With sustainability gaining a center stage in the mind of consumers, the buyers today are increasingly inclined towards energy-efficient appliances. This trend is seen in the portable air conditioner market as well. Thus, to further gain consumer attention, portable air conditioners are increasingly being marketed as energy-efficient appliances.

Country-wise Insights

What is the U.S. Portable Air Conditioner Market Outlook?

North America is predicted to be one of the most attractive markets during the forecast period, according to Future Market Insights. The U.S. is expected to account for over 78.3% of market share in North America through 2021.

The growing use of tiny houses is promoting the use of compact, portable air conditioners that can be installed easily in a smaller space than a standard space required for an air conditioner. The tiny-house concept, moreover, is a social and architectural trend that promotes reducing living space, reducing the energy consumption rate, and smaller and less equipment. Moreover, the demand for affordable homes for individuals who move frequently due to various purposes is further driving the demand for portable air conditioner in the U.S. market.

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 How big is the Opportunity for Portable Air Conditioner in Canada?

The Canada portable air conditioner market is anticipated to witness growth at a CAGR of 2.0% through 2032 owing to customers who are more focused on purchasing products that will not only offer more smart functionality but also add aesthetic appeal to suit individual tastes. In addition, manufacturers are launching new products that offer additional features like EER, which is used to measure the efficiency of the air conditioner, UL Safety, which is another marking that the user should see on the unit to ensure that the unit is designed using UL safety requirements and automatic low voltage cut out protection, protecting batteries from over-discharge, coupled with the insertion of rugged and durable exteriors that can withstand extreme weather conditions. This is a major factor expected to drive the growth of the portable air conditioner market in Canada.

U.S. & Canada Portable Air Conditioner Market by Category

By Product Type, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Standard Portable Air Conditioner
  • Smart Portable Air Conditioner

By Capacity, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • 5,000-10,000 BTUs
  • 11,000-15,000 BTUs
  • 16,000-20,000 BTUs
  • 20,000 and Above BTUs

By Price Range, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Below US$ 100
  • US$ 100-200
  • US$ 200-700
  • US$ 700 and Above

By End User, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Commercial
  • Residential

By Sales Channel, U.S. & Canada Portable Air Conditioner Market is segmented as:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Specialty Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channels

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About Future Market Insights (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:

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Car Rentals Market is expected to reach a valuation of US$ 134 Bn in 2021, and is expected to rise at a 7.2% CAGR by 2032

Newly released data by Future Market Insights (FMI) shows that the global Car Rental Service Market is expected to reach a valuation of US$ 134 Bn in 2021. Growing popularity of ride-sharing services is expected to augment the growth of the market, pushing sales at a 7.2% CAGR over the assessment period.

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Subscription models are increasingly gaining traction among consumers as they are cost-effective and offer more convenience. Driven by this, various OEMs are entering the market with improved service offerings, which is expected to augment the growth of the market.

Further, players are aiming to improve their present working models, while utilizing their abilities in fleet management and existing public fleet presence to gain a competitive advantage.

Vehicle subscriptions are expected to entice customers who may not represent conventional customer profiles for OEMs. For example, few extravagant OEMs are trying membership models widen their customer base.

Scope of Report

Moreover, the car subscription model permits customers to maintain a strategic distance from upfront capital necessities and long-term contracts related with buying or renting. It also allows consumers to access comfort and adaptability with the “all-in” month-to-month expense and responsibility.

“Growing preference for economic cars and rise-sharing services, coupled with subscription models offered by market players will continue fueling growth of the market over the assessment period,” says an FMI analyst.

Key Takeaways:

  • Based on car type, demand for economy cars is expected to surge at a considerable pace over the forecast period.
  • In terms of end use, the on-airport segment is projected to remain dominant through 2031.
  • Sales in the mobile application segment are forecast to continue gaining traction over the forecast period.
  • The U.S. is expected to dominate the North America market owing to the presence of key market players and increasing preference for ride-sharing services.
  • Demand in the U.K. is expected to remain high due to growing prevalence of medical tourism in the country.

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Competition Landscape

Some of the key players operating in the car rental services market are Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, AI Futtaim Group, Localiza-Rent A Car, Eco Rent A Car, and GlobalCARS among others.

Leading players operating in the market are offering services aligned with consumers’ expectations to gain a competitive edge in the market. Besides this, players are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. For instance:

  • In January 2020, Localiza Rent A Car SA had been ranked 7th place in customer service – EXAME / IBRC (Ibero-Brazilian Institute for Customer Relations)
  • In 2019, Enterprise Holdings, Inc. had acquired Romsey-based car rental company, SHB Hire Ltd. The latter operates a fleet of over 18,500 commercial vehicles and this acquisition would help the company to form one of the largest U.K. commercial vehicle rental business.
  • In 2019, Hertz Global Holdings and Air France jointly launched Hertz DriveU, which had designed to meet all customer transportation needs.

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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: 

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Analog Phase Shifter Market: Notable Developments & Geographical Outlook

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.
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Report: https://www.futuremarketinsights.com/reports/analog-phase-shifter-market
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Varactor Diode Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2027

Future Market Insights presents a new report titled ‘Varactor Diode Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ that studies the performance of the global varactor diode market over a ten year assessment period from 2017 to 2027. The report presents the value forecasts of the global varactor diode market and provides important insights into the factors driving market growth as well as the factors restricting market growth. As per the assessment of Future Market Insights, the global varactor diode market was estimated to be valued at nearly US$ 490 Mn in 2017 and is likely to reach a valuation of nearly US$ 1,300 Mn in 2027 and in the process exhibit a CAGR of 10.3% during the period of assessment 2017-2027.

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Moreover, there is an increasing demand for consumer electronics globally. The consumer electronics market includes smartphones, tablets and electronic gadgets like DVD recorders and players. Due to the increasing demand for such kind of devices, there is a positive impact on the global varactor diode market. Also, the demand for varactor diodes is expected to be driven by emerging consumer electronic technology products during the forecast period.

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

Varactor diodes that are used in wireless infrastructure play an important role in the proper functioning of 5G technology, as these diodes are increasingly used for enhanced linearity function for high speed applications. Due to the emergence of 5G technology, there will be a significant increase in the sales of electronic goods such as smartphones, laptops and tablets. Presently, 5G technologies are under research and development stage, and varactor diodes are majorly integrated in VCOs, and are used in applications like radar, consumer devices and seaports. Hence, manufactures are grabbing the chance of expanding their product portfolio of different kinds of varactor diodes that are used for several applications.

In addition, the market for varactor diodes is expected to witness a significant traction due to the fact that the proliferation of smartphones is happening at a fast rate all across the world. Since mobile phones accompanied with high speed data services are the norm of the day with a high usage rate, this is likely to positively impact the global varactor diode market.

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,
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/varactor-diode-market
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Power Management Integrated Circuit (PMIC) Market 2022 Production Analysis – Key Players STMicroelectronics, Maxim Integrated, Cypress Semiconductor Corporation, ROHM Semiconductor, Renesas Electronics Corporation, Texas Instruments, Analog Devices, Inc.,

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.
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Report: https://www.futuremarketinsights.com/reports/power-management-integrated-circuit-market
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Video on Demand (VOD) Service Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

A growing concern of people to have a better lifestyle with stable diets, better healthcare and stretchy workouts, consistently increased the viewership for live streaming fitness programs amid prolonged lockdown. Future Market Insights (FMI) identifies this as one of the key factors driving the video on demand (VOD) service market. According to FMI, the market is expected to surpass US$ 81 Bn by 2021.

Steered by changing consumer preferences, several video streaming services have included fitness programs to encourage healthy living. For instance, in September 2020, Apple, Inc. introduced fitness plus, a streaming program that combines Apple TV, Apple Watch, iPads, and iPhones. This program provides online fitness classes.

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It enables users to monitor all the activities such as rowing, running, cycling, swimming, and many others. Therefore it is expected that the increasing popularity of online fitness plans among young people and individuals across all age groups will bring considerable growth opportunities for video streaming providers.

Besides fitness and healthy living, online streaming services offer a wide range of entertainment options for subscribers. Among content offered, videos and movies have become increasingly popular. As per FMI, more than half of the revenue generated in the video-on-demand service market will be contributed by the videos/ movies segment.

Key Takeaways: Video on Demand Service Market

  • The global video on demand (VOD) service market is estimated to register a CAGR of 8.5% during the forecast period of 2021-2031
  •  Backed by presence of leading service providers, the U.S. to account for nearly 88% of revenue generated in North America
  • Rising streaming spend, enabling the U.K. to register a massive 17.9% y-o-y growth in 2021
  • Increasing user penetration supporting expansion in Germany and France
  • Spurred by rising smartphone penetration, Japan and South Korea will emerge as lucrative markets in East Asia

COVID-19 Impact Analysis on Video on Demand (VOD) Service Market

The novel coronavirus (COVID-19) pandemic had a positive effect on the entertainment industry. A large number of consumers across the globe had increased their spending on the over the top (OTT) platform, which resulted in an increase in the number of subscribers for video streaming providers.

The rising penetration of smartphones in developed economies provided growth opportunities to video streaming services providers during the pandemic situation. Owing to this fact, subscribers can access video content from anywhere and anytime. This is also supported by the fact that Mobile Network Operators (MNO) have accelerated the deployment of mobile broadband & LTE, especially in emerging countries in the APAC & MENA region.

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Who is winning?

VOD service providers have been experimenting with content ideas and technologies to ensure seamless streaming. For instance, In July 2020, Amazon has introduced a live streaming service for mobile and web applications. This new interactive video service (IVS) enables customers to customize and view videos live from their own website or mobile app. This helps content creators and developers to offer a reliable, low-latency live streaming experience across multiple viewing channels and devices without compromising video quality.

Some of the leading players operating in the market are Apple, Inc., Amazon.Com, Inc., Netflix, Hulu LLC, Google LLC, Comcast Cable Management, LLC, DISH Network L.L.C, Vudu Sky UK Limited, The Walt Disney Company, HBO Max (AT&T), Viaplay (Nordic Entertainment Group) and others.

Key Segments Covered of the Video on Demand (VOD) Service Market

Content Type

  • Subscription Video On Demand (SVOD)
  • Advertising Video On Demand (AVOD)
  • Transactional Video On Demand (TVOD)
  • Others

Content Type

  • Music
  • Video/Movie
  • Sports
  • Kids Content
  • Others

Platform

  • Smartphones/Tablets
  • Smart T.V
  • Laptops/PCs

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Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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:                        

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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/video-on-demand-market
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Mass Notification Systems Market 2021 | Present Scenario and Growth Prospects 2031

As per the revised market research by Future Market Insights (FMI), the global mass notification systems market reached a valuation of around US$ 7.6 Bn in 2020, and is anticipated to surge at a CAGR of 18.5% over the next ten years.

The proliferation of smartphones and the accessibility of the Internet across the globe have improved the mass notification systems, catapulting it as an incredibly powerful, efficient and flexible business tool.

With the help of smartphones and Internet, it is now possible to communicate with any number of people, irrespective of their location. According to the report, factors such as increasing adoption of wireless emergency alert system and proliferation of smartphones across the globe are projected to drive growth of the mass notification systems market.

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Key Takeaways from Market Study

  • The South Asia & Pacific market is expected to offer lucrative growth opportunities due to growing industrialization and increasing frequency and natural disasters in the region.
  • Growing trend of cost-effective mass notification systems along with technological advancements are creating growth opportunities for component manufacturer and providers.
  • The market in the U.S. is projected to expand at a CAGR of 13.2% through 2031.
  • Germany will emerge as a highly lucrative market for sales. Demand in Germany has been forecast to rise at around 16.0% CAGR through 2031.
  • Market growth in China, Japan, and India is expected to be much higher, at around 19.7%, 23.9%, and 29.9%, respectively.
    • pplications of Intelligent Transportation System (ITS) technologies is highly
    • encouraged in emerging smart cities to handle the current challenges of the continuous
    • growth in the number of vehicles that ply the highways in urban center
    • pplications of Intelligent Transportation System (ITS) technologies is highly
    • encouraged in emerging smart cities to handle the current challenges of the continuous
    • growth in the number of vehicles that ply the highways in urban center
    • Applications of Intelligent Transportation System (ITS) technologies is highly
    • encouraged in emerging smart cities to handle the current challenges of the continuous
    • growth in the number of vehicles that ply the highways in urban centers

Impact of COVID-19 on Mass Notification Systems Market

The COVID-19 pandemic outbreak has disrupted many industries, including the mass notification systems market. Mass notification systems are installed to alert people about prospective exposure, without triggering panic.

The demand for mass notification systems solutions and devices such as in-building mass notification systems, wide-area mass notification systems, distributed recipient mass notification systems and IP-based notification devices however increased during the lockdown resulted by COVID-19 outbreak. This created opportunities for the market growth.

Mass notification systems market is expected to grow by 2.0X from 2020-2021 and would see a surge in demand amid the COVID-19 outbreak, as IP-based notification devices among various businesses, becomes the new norm.

These initiatives start with city Wi-Fi and public connectivity, which plays an important role in ensuring law enforcement devices such as cameras and police observation devices, gunshot detection to collect and transmit the necessary data at the time of emergency situations. This is a significant factor responsible for driving growth of mass notification systems market.

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Emergence of Connected Safety Solutions Driving Market Growth

A crisis is the worst situation to draft messages for various audiences, doing phone calls, social media posting and other activities, especially when risks is on rise with every passing second. Mass notification systems not only reduce the staff workload but help resolve and recover from any incident quickly, with as little damage as possible.

Connected safety solutions uses IoT-connected sensors to increase the ability to gather data and make informed decisions.

It helps prepare better and quicker response to peoples in crisis situations. Emergence of IoT helps in boosting the reach, speed, and cost-effectiveness of mass notification systems. IoT enables to automate manual processes in an intelligent way, so the output is always relevant to the situation and to the person receiving the notification.

Mass Notification Systems Industry Survey by Category

By Component:

  • Mass Notification Systems Hardware
    • Fire Alarms
    •  Public Address Systems
    •  Alert Beacons
    •  Duress Systems
    •  Others
  • Emergency Notification Platform
  • Mass Notification Systems Services
    • Installation & Deployment
    •  Support & Maintenance
    •  Warning System Designing
    •  Emergency Response Services

By Solution:

  • In-Building Mass Notification Systems
  • Wide-Area Mass Notification Systems
  • Distributed Recipient Mass Notification Systems

By Application:

  • Emergency & Crisis Notification
  • Business Continuity and Disaster Recovery
  • Business Communication & Operations
  • Others

By Industry:

  • Military & Defense
  • Government & Public Sector
  • Industrial
  • Commercial
  • Event & Sports Venues
  • Critical Infrastructures
  • Others

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More Valuable Insights on Mass notification systems Market

A new market research report published by Future Market Insights (FMI) on the global mass notification systems market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.

The report provides valuable insights on the basis of component (hardware (fire alarms,   public address systems,   alert beacons, duress systems, others) emergency notification platform, services (installation & deployment, support & maintenance, warning system designing, emergency response services)), solution (in-building mass notification systems,   wide-area mass notification systems, distributed recipient mass notification systems), application (emergency & crisis notification, business continuity and disaster recovery, business communication & operations, and others), end-use industry (military & defense, government & public sector, industrial, commercial, event & sports venues, critical infrastructures, and others), and across six major regions.

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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.
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/mass-notifications-systems-market
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Smart Kitchen Appliances Market 2017 Development Status, Competition Analysis, Type and Application 2026

Smart Kitchen Appliances Market is projected to total US$ 703 in 2017 and Expanding at 13.7% CAGR, reach a valuation higher than US$ 2 Bn by 2026. Smart kitchen appliances deliver higher efficiency, comfort, convenience and increased safety as compared to traditional kitchen appliances. Smart kitchen appliances are equipped various components and hardware with sensing technologies as well as advanced connectivity features with the help of which they can be connected to mobile phones or tablets with a view to enable remote access. Safety, enhanced productivity, increased comfort, reduction in wastage, increased energy saving, and efficient power consumption are few of the benefits of smart kitchen appliances. The increased per capita expenditure owing to higher disposable income of individuals around the globe and tech savvy nature of individuals is expected to drive the global smart kitchen appliances market.

The research report includes historic data and statistics as well as future value projections of various segments of the global smart kitchen appliances market for a period of nine years, starting from 2017 and ending in 2026. 

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Global Market for Smart Kitchen Appliances: Dynamics Influencing Growth

There are various factors that have propelled the use of smart kitchen appliances. Kitchen is one of the most important facility in any house and needs to be kept up to date. The smart technology has been applied in this section with a view to enhance and modify current kitchen scenario. The increasing percentage of working population has made it imperative for manufacturers to develop a technology that can be used to control and monitor home remotely. This concept gave rise to smart kitchen appliances that can be remotely accessed. Additionally, various benefits associated with smart kitchen appliances have surged the demand in the coming years. The increasing disposable income, growing adoption of Internet of Things (IoT), favourable government initiatives and technological advancements to manufacture new smart kitchen products have contributed to the growth of the global smart kitchen appliances market. However, higher pricing is a factor of concern that has challenged the market’s growth.

Global Market for Smart Kitchen Appliances: Segmental Snapshot

The global smart kitchen appliances market has been segmented on the basis of components, by appliances, by connectivity technology and by region.

  • By region, Europe is the most attractive from a growth perspective. This region has shown high growth potential and is marked with increased adoption of smart kitchen appliances. The market for smart kitchen appliances in Europe is estimated to reach a high market valuation as compared to other regions thus leading the global market
  • In the components category, the hardware and software segments are expected to reflect high market valuations. By the end of the year of forecast, the valuation of hardware segment is poised to touch US$ 917 Mn. The software segment is projected to grow at the highest rate during the forecast period
  • By connectivity technology, the Wi-Fi segment is expected to dominate the global market in terms of market strength followed by the bluetooth segment. This segment is also expected to grow at a higher CAGR throughout the assessment period
  • By appliances, smart oven segment is the fastest growing and is expected to reflect a value CAGR of more than 18% throughout the forecast period

Global Market for Smart Kitchen Appliances: Competition Tracking

The research report has profiled key companies such as Dacor, SectorQube, Onida, General Electric Co., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Haier Group, Panasonic Corporation, AB Electrolux, LG Electronics and Whirlpool Corporation.

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Detailed market segmentation

Region

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

Components 

  • Hardware
  • Software
  • Services

Appliances

  • Smart Refrigerator
  • Smart Coffee Maker
  • Smart Dishwasher
  • Smart Cookware & Cooktop
  • Smart Oven
  • Other Appliances

Connectivity Technology

  • Bluetooth
  • Wi-Fi Market
  • NFC
  • Others

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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.

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Report: https://www.futuremarketinsights.com/reports/smart-kitchen-appliances-market
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From 2022 to 2030, the digital forensics market is anticipated to grow at a CAGR of 11.2%, according to a report by FMI

The global digital forensics market is poised to increase at a CAGR of 11.2%, reaching US$ 23.62 Bn by 2030 from a market valuation of US$ 10.07 Bn in 2022.

Digital Forensics Market Size (2022) US$ 10.07 Bn
Sales Forecast (2030) US$ 23.62 Bn
Global Market Growth Rate (2022 to 2030) 11.2% CAGR
Share of Top 5 Market Players 55%

Despite having high demand, several factors such as lack of knowledge, budget constraints, unavailability of sufficient resources, and others, digital forensics solutions are confined in the SMEs.

Furthermore, factors such as non-operational manufacturing units during lock down, decreased manpower, unavailability of raw materials, and others have slowed down the market growth which is expected to go on till the end of this year.

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Some of the key takeaways from the report are highlighted below-

  • The increasing cases of cyber threats and attacks in the government, law enforcement, and others sectors is resulting in higher adoption of digital forensics solutions over the world
  • Among the end users, government & law enforcement sector will maintain the lead, followed by the legal services firms throughout the forecast period
  • North America digital forensics market will lead other regions during the forecast period

Rising Adoption of Artificial Intelligence Boosting Growth

Since the past decade, artificial intelligence is being increasingly adopted by the digital forensics market in order to obtain more advanced results.

As artificial intelligence is highly efficient in locating, and identifying relevant elements in video clips and pictures in order to spot the commonalities in time stamps, places, communications, and others, it is widely preferred by the digital forensics market across the globe.

With the increasing adoption of artificial intelligence, digital forensics market is getting more efficient and fast in data investigation, data recovery, and other crucial parts of crime investigations.

As artificial intelligence is getting more widely popular, its increased adoption is expected to grow the global market further in the near future.

COVID-19 Impact Analysis

The outbreak of novel coronavirus outbreak in the current year has negatively impacted the global digital forensic market. Various restraining factors such as closed manufacturing units, scarcity of raw materials, unavailability of labors, economic crisis, and others have declined the market growth.

Despite facing decreased demand due to the ongoing pandemic, the global digital forensics market has high potential to grow further.

According to FMI, the global market is expected to grow by both value and volume during the forecast period from the year 2020 to 2030.

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Who is Winning

The global digital forensics market has unlimited potential worth getting utilized by the key market players. The top companies such as FireEye Inc., IBM Corporation, Micro Systemation AB, KPMG and others are giving their best efforts to leverage the market potential.

For instance, FireEye Inc. has released their new digital forensics and incident response for PLCs in order to effectively response to the attacks against Industrial Control Systems (ICS).

Recently, KPMG has come up with their dedicated forensic technology lab for recovery and use of critical digital evidence to support investigations and litigation.

IBM Corporation has launched their extensive range of digital evidence management and saving solutions to provide fast actions during the investigation.

Digital Forensics Industry Survey

Digital Forensics Market by Type:

  • Computer Forensics
  • Mobile Device Forensics
  • Network Forensics
  • Database Forensics
  • Cloud Forensics

Digital Forensics Market by Component:

  • Digital Forensics Hardware
  • Digital Forensics Software
  • Digital Forensics Services

Digital Forensics Market by End User:

  • Government & Law Enforcement
  • Legal Services Firms
  • Military & Defense
  • IT & Telecom
  • BFSI
  • Others

Digital Forensics Market by Region:

  • North America Digital Forensics Market
  • Latin America Digital Forensics Market
  • Europe Digital Forensics Market
  • East Asia Digital Forensics Market
  • South Asia & Pacific Digital Forensics Market
  • Middle East & Africa (MEA) Digital Forensics Market

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More Valuable Insights on Digital Forensics Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global digital forensics market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2022-2030.

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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/digital-forensics-market
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