Global Medical Loupes Market to Grow at 5.4% CAGR through 2029

As the world continues to deal with COVID-19 pandemic, the global market for medical loupes will decline during Q1 and Q2 of 2020 before returning to healthy growth in 2021, according to Future Market Insights (FMI) Yearly Medical Loupes Tracker.

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The market has confronted a temporary setback in 2020 as supply chain disturbances have impacted revenue pool during early months and estimated product shipments have slowed the market mid-year.

That said, FMI estimates shipments of medical loupes to grow rapidly with CAGR of 5.4% from 2019 through 2029 as manufacturers and customers continue to invest in technology.

Medical Loupes Market Size Study

  • Sales of medical loupes to rise at 5.4% CAGR during 2019-2029
  • Flip up loupes continue to capture leading revenue share, about 60%
  • About 6 out of 10 medical loupes to be sold will have Galilean lens, given their high magnification level, minimal weight, and easy usage
  • Adoption of medical loupes will remain high in surgical procedures through 2029
  • Markey players to remain glued to offline channels for sales of medical loupes over following decade
  • Substantial sales to come from North America, markets in East and South Asia to experience tremendous growth

“Tech-advanced products are continuously required in medical device industry. Safe and high-tech medical equipment curb medical expenses for patients. Medical loupes are becoming increasingly advanced with regards to magnification power, product weight, and high powered optics. Tech-enabled transformation will enable market players to boost revenues, expand margins, and pursue new revenue lines with innovative business models,” says analyst at FMI.

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COVID-19 Impact on Medical Loupes Market

The impact of COVID-19 pandemic has been negative on medical loupes market as several aesthetic procedures – liposuction surgery, breast implantation, and non-essential dental procedures – have been delayed due to pandemic-induced restrictions.

In order to free up limited space for individuals getting treated for COVID-19, hospitals have postponed – or canceled – several elective operations, particularly those considered non-urgent or non- essential.

Recent estimates have revealed that 15-30% of elective surgeries have been canceled in March 2020. Global market bariatric surgeries, implants, and cosmetic procedures will remain particularly vulnerable as these procedures are non-urgent, and can be delayed without significantly impacting quality of life.

That said, surgeries will return to pre-crisis rates by Q4 2020, with total numbers returning to pre-crisis levels by Q1 2022.

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Medical Loupes Market – Competitive Intelligence

The global medical loupes market is fairly consolidated, wherein leading players are highly focused on developing innovative products to broaden their product portfolio as well as regional footprint. At present, market players are investing in R&D activities to come up with cutting-edge technologies. For instance,

  • Schultz Optical Co. Inc. has rolled out dental surgical loupes that offer 25% larger viewing field compared to others, and up to 5.5x magnification, as well as are lightweight, making dental surgeries extremely easier compared to conventional versions.
  • SurgiTel has developed two sorts of customized loupes – through-the-lens (TTL) loupes and front-lens-mounted (FLM) loupes. Customized FLM loupes allow re-adjustment of declination angle and field shape as per user requirement.

Cloud Business Email Market 2022-2027 | Country Level Analysis, Current Trade Size And Future Prospective

The global cloud business email market is expected to acquire a market value of nearly USD 2.15 Bn, proliferating at a CAGR of 10.4% during the forecast period from 2017 to 2027.

The IT sector worldwide is seeing progressive changes attributable to the expansion of cutting edge and inventive technologies that are fueling worldwide market development. The coming of the cloud in all aspects of the business has made it advantageous for enterprises to deal with their everyday business exercises, including business email solutions. Such technological progressions commonly first hit the IT sector in North America, making the region the leader of all innovations.

The market for cloud business email in North America is ready to exploit the innovative progressions in the region and rise as the biggest regional market based on revenue contribution to the worldwide market. A few organizations have begun actualizing the G-suite with add-on AI highlights to provide enhanced conveyance of enterprise email in an offer to draw in consumers.

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In the previous few years, financial establishments all over Europe have been fast in the reception of hosted cloud services transversely public clouds to guarantee expedient speedy financial services delivery in an offer to meet changing sector and consumer needs with more productivity and more noteworthy ease of security concerns. This is altogether adding to the revenue development of the Europe cloud business email market.

Developing acceptance of cloud email with AI: Business ventures in North America progressively use cloud email solutions to deal with their everyday assignments. A few organizations have begun actualizing the G suite with add-on AI attributes to provide enhanced conveyance of enterprise email in an offer to pull in consumers. The G suite including man-made AI offers endeavor specialized tools, for example, word processing docs and hangouts that help enhance work efficiency. This aspect is boosting the regional market for cloud business email solutions.

Expanding implementation of hosted cloud services by financial institutions: Across North America financial foundations have been brisk in the acceptance of hosted cloud services all over public clouds to guarantee quick conveyance of financial services in an offer to meet evolving industry and consumer demand with more effectiveness and more noteworthy ease of security concerns. This is fundamentally adding to the revenue development of the North American market.

After APEJ, Western Europe and North America would be essentially higher development markets in the worldwide market for cloud business email. The Western Europe market would record steady incremental prospects of US$ 498.5 Million during 2017-2027 whereas APEJ will record incremental prospects of US$ 823.2 Million amid the assessment time frame.

Cloud Business Email Market: Segmentation

The global Cloud Business Email market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Operating Environment

  • Windows
  • Linux
  • Unix
  • Mainframe
  • Others

By Verticals

  • BFSI
  • Healthcare
  • Media & Entertainment
  • IT & Telecom
  • Energy & Power
  • Automotive
  • Consumer Goods & Retail
  • Others

By Region

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

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Key Questions Answered in the Report

  1. What is the anticipated market value of the global cloud business email market?

The global cloud business email market is anticipated to procure a market value of approximately USD 2.15 Bn from 2017 to 2027.

2. Who are the prominent players of the global cloud business email market?

IBM Corporation, Google Inc., Micro Focus, Amazon Web Services, among others are some of the prominent players of the market.

Family/Indoor Entertainment Centres Market High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2027

A new report published by Future Market Insights titled “Family/Indoor Entertainment Centres Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” studies the performance of the global family/indoor entertainment centres market over a 10 year assessment period from 2017 to 2027. The report presents the value forecast of the global family/indoor entertainment centres market and provides key insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from about US$ 17,575 Mn in 2017 to US$ 61,248 Mn by the end of 2027, resulting in a CAGR of 13.3% over the forecast period.

With continuous innovations in technological aspects, family entertainment centres are offering a diversified range of gaming options for their customers. New technologies such as virtual reality gaming, 3D technology, etc. are trending and consumers are preferring modern ways of entertainment over traditional entertainment options. Hence, the availability of a number of options for gaming is driving the growth of the family entertainment centres market especially in the North America region over the forecast period. 

Indoor entertainment centres are increasingly preferred as entertainment and leisure options by families over outdoor entertainment centres in the North America region, in order to ensure that environmental factors and weather changes do not affect any fun time or experience of customers.

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Global Family/Indoor Entertainment Centres Market: Segmentation and Forecast

The report segments the global family/indoor entertainment centres market on the basis of FEC type (arcade studios, VR gaming zones, sports arcades, others); on the basis of visitor demographics (families with children (0-9), families with children (9-12), teenagers (12-18), young adults (18-24), adults (24+)); on the basis facility size (<5000 sq. ft., 5001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft., >40,000 sq. ft.); on the basis of attendance per day (<25,000, 25,001 to 50,000, 50,001 to 100,000, 100,001 to 250,000, >250,000); and on the basis of revenue source (entry fees and ticket sales, food and beverages, merchandising, advertising, others).

  • As per the forecast of Future Market Insights, revenue from the arcade studios FEC type segment will increase from US$ 6,081.9 Mn in 2017 to US$ 21,131.4 Mn by 2027 end, representing a CAGR of 3% from 2017 to 2027.
  • Future Market Insights forecasts revenue from the teenagers (12-18) visitor demographics segment to increase from US$ 6,083.8 Mn in 2017 to US$ 21,951.7 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027.
  • The >40,000 Sq. ft. segment by facility size is expected to represent incremental opportunity of US$ 11,792.9 Mn between 2017 and 2027.
  • Future Market Insights projects revenue from the <25,000 attendance per day segment to increase from US$ 2,142.2 Mn in 2017 to US$ 7,082.2 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027.
  • The merchandising segment by revenue source is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 13.5% during the period of study.

family-indoor-entertainment-centre-market

Global Family/Indoor Entertainment Centres Market: Regional Forecast

Future Market Insights tracks the performance of the global family/indoor entertainment centres market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. In terms of value, North America is projected to be the most attractive in the global family/indoor entertainment centers market during the opportunity assessment period. The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the APEJ market is expected to expand at a CAGR of 13.7% during the Opportunity Assessment period. In 2017, the family/indoor entertainment centres market in North America is estimated to be valued at US$ 6,565.9 Mn and is expected to witness steady growth in terms of revenue throughout the Opportunity Assessment period.

Market Taxonomy

FEC Type

  • Arcade Studios
  • VR Gaming Zones
  • Sports Arcades
  • Others

Visitors Demographics

  • Families With Children (0–9)
  • Families With Children (9–12)
  • Teenagers (12–18)
  • Young Adults (18–24)
  • Adults (24+)

Facility Size

  • <5,000 Sq. ft.
  • 5,001 to 10,000 Sq. ft.
  • 10,001 to 20,000 Sq. ft.
  • 20,001 to 40,000 Sq. ft.
  • >40,000 Sq. ft

Attendance per day

  • <25,000
  • 25,001 to 50,000
  • 50,001 to 100,000
  • 100,001 to 250,000
  • >250,000

Revenue Source

  • Entry Fees & Ticket Sales
  • Food & Beverages
  • Merchandising
  • Advertising
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Global Family/Indoor Entertainment Centres Market: Vendor Insights

The report profiles some of the leading players operating in the global family/indoor entertainment centres market such as Dave & Buster’s Inc., CEC Entertainment, Inc., Main Event Entertainment, Legoland Discovery Center, Scene 75 Entertainment Centers, Gatti’s Pizza Corporation, Bowlmor AMF Corporation, Nickelodeon Universe, Lucky Strike, Smaash Entertainment Pvt. Ltd., Amoeba Services, Funcity, Time Zone Entertainment Pvt. Ltd., Tenpin, Kidzania, Bandai Namco Entertainment, Toy Town and The Walt Disney Company.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Metalworking Fluids Market is poised to total US$ 9.6 Bn in 2021, expanding at a 3.7% CAGR.

As per the newly released data by Future Market Insights, the global metalworking fluids market is poised to total US$ 9.6 Bn in 2021, expanding at a 3.7% CAGR.  Demand for removal fluids is projected to rise at 3.5% to top 1,354,497 Tons in terms of volume, while the forming fluids segment is expected to grow at 2.7% to total 772,256 Tons.

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Increasing adoption of lightweight materials in high performance applications, especially in the automotive industry is spurring demand for metalworking fluids. Manufacturing of complex geometrics with lightweight metals requires proper lubrication, which in turn is boosting sales of metalworking fluids.Increasing adoption of metalworking fluids for the production of key metal components in the transportation equipment and heavy machinery industries will continue augmenting market growth.

Growing preference for lightweight metals such as aluminum, copper, and zinc in production of complex components used in high performance applications is anticipated to boost sales of metalworking fluids over the forecast period.

Rapid urbanization and population growth are leading to a surge in demand for private transportation vehicle and increased spending on public transport. The automotive industry has been a key beneficiary of this trend, as automotive sales continued increasing in developing countries such as China, India, Saudi Arabia, and ASEAN nations.

Similar growth has been recorded in these markets for public transportation facilities such as metro trains, resulting in high demand for metalworking fluids in the automotive and transportation sectors.

However, various stringent regulations regarding the usage of harmful synthetic chemicals are restricting the market growth. To counter this issue, manufacturers are investing in research and development activities to develop eco-friendly lubrication solutions.

Emergence of bio-based fluids, and other multifunctional fluids to reduce incompatibility will continue providing tailwinds to metalworking fluids sales in the forthcoming years.

Key Takeaways from Metalworking Fluids Market Study

  • Transportation equipment is the leading consumer of metalworking fluids, accounting for and more than half of the overall metalworking fluids produced.
  • Sales of straight oils are projected to increase by 3.1% year-over-year in 2021.
  • Based on product type, sales of metal removal fluids are projected to command over 50% of the total metalworking fluids market share.
  • The U.S. will continue dominating the North America metalworking fluids market, growing by 3.0% year-over-year rate in 2021.
  • Demand for metalworking fluids in Germany is anticipated to rise at a 3.5% CAGR through 2031.
  • China will emerge as a lucrative metalworking fluids market, expanding at a 5.1% CAGR over the forecast period.
  • Japan and South Korea will collectively account for 9.7% of the total metalworking fluids market share.

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Increasing sales of lightweight automotive such as electronic vehicles (EVs), along with innovations in fluid blends to cater to diverse industrial requirements will continue pushing the sales of metalworking fluids over the forecast period,” says the FMI analyst.  

Metalworking Fluids Market: Participant Insights                                               

Key players operating in the global metalworking fluids market comprise ExxonMobil Corporation, Idemitsu Kosan Co. Ltd., Quaker Chemical Corporation, FUCHS Petrolub SE, TotalEnergies SE, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Cimcool Industrial Products LLC, and Metalworking Lubricants Company.

As per FMI’s analysis, top 5 players including Quaker Chemical Corporation, ExxonMobil Corporation, TotalEnergies SE, Idemitsu Kosan Co. Ltd. and BP plc. are projected to account for 45-55% of the total metalworking fluid market share.

In efforts to gain a competitive edge, leading players are focusing on research and development to launch new and innovative products that are more efficient and comply with various stringent regulations. In addition to this, collaborations, mergers, and acquisitions will remain effective growth strategies among players over the assessment period.  For instance:

  • In 2021, Quaker Chemical Corporation announced the beginning of a new joint venture with Grindaix GmbH, which is a German provider of high-tech coolant control solutions and delivery systems.
  • In 2021, Idemitsu and IHI Corporation announced that they had concluded a joint agreement to establish a supply chain network for ammonia.

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More Insights into the Metalworking Fluids Market Report

In its latest report, FMI offers an unbiased analysis of the global metalworking fluids market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of category (straight oil, emulsified oil, semi-synthetic oil, and synthetic oil), product type (removal fluid, protection fluids, forming fluids, and treating fluids) end-use type (metal fabrication, heavy machinery, transportation equipment, and general manufacturing) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

GaN Power Devices Market Global – Growth, Statistics, By Application, Production, Revenue & Forecast To 2027

A report triggered by Future Market Insights (FMI) states that the global GaN power devices market compresses several expansions and in addition mid-level sellers, owing to number of lucrative open doors in the market. According to the report, the global GaN devices market is estimated to witness expansion at double-digit CAGR throughout the assessment period (2017-2027).

Gallium Nitride (GaN) is the material, which is used for the manufacturing of semiconductor power devices as well as light emitting diodes and RF components. GaN has demonstrated the capability to be the displacement technology for silicon semiconductors in power conversion, analog applications and RF.

GaN is widely used in transistors and due to its enhanced properties such as high thermal conductivity, high voltage potential and large critical fields, these devices offer high switching frequencies and high power density enabling transistors to operate at high voltage levels. These transistors have applications in various fields and provide good results, which is another factor driving market growth.

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Japan to Remain Dominant in Global GaN Power Devices Market

The hardware industry in Japan is the prominent purchaser of the gadgets ventures across the globe. With a huge income share, demand for semiconductors is high and GaN power devices are being decreased, effective and with low capacitance, overtake nearly limiting vitality misfortunes amid charging and releasing. This factor is likely to increase demand for GaN products and in this manner market will gain momentum.

gan power devices market

 

GaN has wide application as a part in transistors and due to its enhanced properties, for instance, high warm conductivity, high voltage potential, substantial basic fields, these gadgets deliver high exchanging frequencies and better power thickness empowering transistors tofre work at high voltage levels. Such type of transistors have many uses in various in different fields and provide better outcomes, this is another driving factor influencing growth of the market. A best example for it is- a IT gear producing organization situated in Japan, Fujitsu Limited, in Jan 2016, built up a GaN high-portability transistor power developer with significant yield execution of the world for wideband remote broadcasts, that was 1.8X more noteworthy than some time recently, permitting over 30% more prominent range foe a fast remote system.

Increasing developing work activities in GaN substrate in charge of the development of the Japan GaN power devices market. Owing to GaN innovation highlights, for example, scaling down, high breakdown voltage, high exchanging recurrence, demand for GaN power devices has been propelling and continuous research has been finished by inquiries of focuses in Japan and incremental competences of GaN. Moreover, couple of years ago, a team of specialist from the institute of Industrial science at the Tokyo University discovered other innovation for manufacturing GaN LEDs on the crystal substrate. Costs for fabrication can be cut down along with actuating OLED light boards, with implementation of this improvement.

Restraints

However, shrinking path of the semiconductor is the key factor that is limiting the growth of the GaN power devices market. Problems associated with present assembly and interconnect technologies are growing with expanding high current density in GaN devices. The major problem consist of low impedance interconnects, higher thermal resistance and lower thermal capacitance per chip requiring more chip temperature and better thermal interconnects. The requirement for handling present densities per package and the similar heat flow generating by smaller footprints to be removed from the ambient atmosphere is also increasing. Such factors are anticipated to remain key challenge for growth of GaN market in Japan region.

Market segmentation

By Technology

  • 4H-SiC MOSFET
  • HEMT
  • Others

By Wafer Material

  • GaN SiC
  • GaN Si

By Wafer Size

  • Less than 150mm
  • 150mm-500mm
  • More than 500 mm

By Industry

  • Consumer Electronics
  • Energy & Utilities
  • Automotive
  • IT & Telecom
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

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Competitive Landscape

Several leading players operating in the market that are profiled in the report include Texas Instruments Incorporated, Qorvo, Inc., Infineon Technologies AG, Toshiba Corporation, Panasonic Corporation, and NXP Semiconductors N.V. The market is anticipated to witness section of acute number of GaN power gadget sellers in foreseeable period, increasing the opposition. Some other prominent players in the market, that have huge contribution in the growth of the market are POWDEC, GaN Systems Inc., Wolfspeed, Inc., EXAGAN,Transphorm Inc., AIXTRON SE, STMicroelectronics, IQE PLC, and Efficient Power Conversion Corporation.

Conveyor System Sales to Surpass 16,000 Units by the End of 2031 As Overhead Conveyor System Gains Traction in Automotive Industry: FMI

The conveyor system market saw steady growth in 2021 with worldwide revenues up 3.5% year over year. Future Market Insights (FMI) has forecast the conveyor system market to reach US$13.7 billion in 2021 at a CAGR of 4.5%, backed by increasing mergers & acquisitions by Tier-1 companies and integration of machine learning and internet of things in material handling solutions.

Conveyor systems demand s significantly increasing from the mining industry. Mining requires transportation and handling of large volume of heavy goods and debris. Low cost of conveyor system and minimum maintenance make them ideal choice for long distance transportation.

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Rising per capita income and rapid economic growth in developing countries like India and Brazil are driving the manufacturing industry. This coupled with automation in fast-moving consumer goods (FMCG), baggage handling, and manufacturing industries will positively influence the market growth over the forecast period.

Industries are looking towards optimizing their manufacturing process to improve efficiency and production rate. This has encouraged advancements in conveyor system development and integration of automation in material handling system.

Automated conveyor systems eliminate human error, improve safety and boost the production volume with high repeatability. Owing to such benefits, companies are adopting modern conveyor system for material handling processes.

Surge in online retailing activities along with increasing demand for high quality goods will drive the adoption of conveyor and sortation systems in the retail industry. Companies are installing conveyor system to optimize warehouse spacing, sorting and cross-docking products, and automating their distribution process. Increase in online shopping in India, China, Brazil, and Chile will positively influence the market growth in upcoming years.

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Key Takeaways from FMI’s Conveyor system Market Study

  • North America conveyor system market is forecast to expand at 3.5% CAGR due to rapid growth in online retail sector.
  • Growing adoption of automation in automotive and manufacturing industry, surging mining and construction activities along with growing e-commerce industry in the U.K. and Germany are the key factors driving the market in Europe.
  • Population surge, increase in demand for processed food, and presence of e-commerce giants like Alibaba group will drive the demand for conveyor systems in FMCG and packaging industries in China.
  • India is expected to offer lucrative opportunities as home to one of the leading the retail sectors after U.S. and China. Steady consumer demand and rising investment towards expansion of retail infrastructure will boost the demand for advanced material handling systems, such as conveyor systems.

 “Increasing penetration of automation in material handling and distribution system and increase in number of supermarkets and distribution centers will boost the demand for conveyor system in upcoming years,” says the FMI analyst.

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Who is Winning?

Future Market Insights discusses the key trends shaping conveyor system market and highlights the strategies adopted by leading market players in the study.

Top players, including Daifuku Co., ltd., Schaefer Systems International, Inc., Interroll Holding AG, BEUMER GROUP, and Dematic Company accounted for 23.5% of the market in 2020. Some of the leading companies are investing in research and development activities to drive product launches.

For instance, SideDrive Conveyor Co. launched configurable side drive conveyor system in January 2021 for modular sanitary applications.

In response to pandemic, Multi-Conveyor collaborated with East Coast representatives to develop a hand-pack conveyor system to effectively follow social distancing in work place and launched “Barrier Spaced Conveyor” in July 2020.

Dürr Group introduced automated guided vehicle designed for paint shops as a part of its intelligent production initiative in May 2019.

Prominent players operating in the conveyor system market are:-

  • Daifuku
  • BEUMER GROUP
  • Interroll Holding AG
  • Murata Machinery
  • Schaefer Systems International
  • Dürr Group

Internet of Things (IoT) Security Product Market: High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2027

The global Internet of Things (IoT) Security Product market is estimated to grow from USD 12 Bn in 2017 to USD 48 Bn by 2027, expanding at a CAGR of 14.9% during 2017 to 2027.

The emergence of players and the rise in launch of IoT security offerings are likely to boost the market. The increasing number of service providers is also enhancing the growth of the industry.

The smart grid segment is anticipated to witness the maximum growth during the review period. The on-going development in smart grid application is likely to augment the market.

The East Asia Region has been predicted to acquire the forefront position in the IoT Security market due to the increasing usage of IoT-enables smart connected devices.

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Future Market Insights forecasts revenue from the global IoT security product market to increase from US$ 12 Bn in 2017 to about US$ 48 Bn by 2027 end, representing a CAGR of 14.9% from 2017 to 2027. This increasing revenue growth is attributed to continuous launching of IoT security offerings and emergence of niche players in the market. Moreover, an increasing number of service providers is also supporting revenue growth of this market.

Key Takeaways of Internet of Things (IoT) Security Product Market Study

  • Among the application segment, the smart grid sub-segment is expected to witness a high growth rate during the forecast period, owing to the security and privacy considerations for IoT application on smart grids.
  • East Asia is expected to create lucrative growth opportunities for players in the Internet of Things (IoT) Security Product market, due to increasing number of projects implemented by using IoT tools and data sets, in the countries of this region.

internet of things (IoT) security product market

Increasing Adoption of Internet of Things (IoT) Security Product Market amid the COVID-19 Pandemic outbreak

The COVID-19 pandemic outbreak has disrupted many industries, such as the Internet of Things (IoT) security product market. Many private, as well as government organizations, have allowed their employees to work from home amid the lockdowns, which has created the need for monitoring the network security proactively, as people are remotely connected consuming enterprise resources and sharing documents using collaboration tools. For Instance, East Asia accounted for 42% of the total installed connected devices such as smart meters, and among others, in 2019, which is estimated to increase in the forecast period for remote monitoring of the infrastructure during times of such pandemic. Business is increasingly adopting security solutions to manage such security risks in the new home-working environment. Amid the COVID-19 pandemic, there has been led IoT healthcare security solution providers to quickly render solutions for combatting the increasing demand for a high-quality solution for protection against the COVID-19 virus. The growth of the Internet of Things (IoT) security product software solutions will be profoundly impacted in different application, such as Machine-to-Machine (M2M) communication, Vehicle-to-Vehicle (V2V) communication, and among others.

Adoption of IoT devices in the medical sector

Enterprises are required to upgrade their health IT infrastructure for shifting to the Internet of Things and to keep up with increasing adoption of connected medical devices. This technological advancement enables patients and service providers to enable more efficient management and security measures of information and data in the healthcare sector. At the same time, adoption of connected devices has loop-holes for hackers to steal data such as patient records and also conceal services being offered by healthcare service providers. As a result of such cyber threats, healthcare organizations adopting connected medical devices also prefer adopting cyber security solutions.

Internet of Things (IoT) Security Product Market: Segmentation

By Component

  • Hardware
  • Software

By Deployment Type

  • End-point or Device Security
  • Network Security
  • Identity and Access Management
  • Vulnerability Management
  • Messaging Security
  • Web Security
  • Others

By Application

  • Machine-to-Machine (M2M) Communication
  • Smart Grid
  • Home and Building Automation
  • Wearable Computing Devices
  • Vehicle-to-Vehicle (V2V) Communication

By Verticals

  • Consumer Goods and Retail
  • Manufacturing
  • Transportation and Logistics
  • Healthcare
  • Energy and Utility
  • Others

By Region

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

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FREQUENTLY ASKED QUESTIONS ABOUT INTERNET OF THINGS (IOT) SECURITY PRODUCT MARKET

What are the future prospects of Internet of Things (IoT) Security Product market?

Growing number of devices connected to each other via IoT has resulted in increasing vulnerability in terms of security of the entire IoT ecosystem. Increasing intensity of cyber-attacks on IoT networks and devices has prompted solution providers to focus more on security aspects, which is driving market demand for IoT security solutions globally.

What are the major challenges for Internet of Things (IoT) Security Product Market?

Although a number of governing authorities have issued guidelines to be followed by IoT device manufacturers so as to protect against cyber-attacks on IoT networks and devices, many device manufacturers and users are not strictly adhering to these guidelines and taking precautionary measures.

Which application will have significant revenue growth in the next five years?

The smart grid application has been considered as largest revenue growth in the next five years due to continuous development of the IoT and innovation and encouraging adoption and use of evolving technologies in smart grid application.

What are the major opportunities for Internet of Things (IoT) Security Product market?

Increasing demand for endpoint security solution for IoT devices, which is a major opportunities for the Internet of Things (IoT) security product market

Which region is expected to be at forefront in the Internet of Things (IoT) Security Product market?

Increasing number of IoT- enabled smart connected devices, which is, in turn, boosting the growth of the Internet of Things (IoT) security product market in East Asia region.

Who are the major companies leading Internet of Things (IoT) Security Product market?

Prominent companies in the Internet of Things (IoT) Security Product market includes International Business Machines Corporation, Cisco Systems, Inc., Intel Corporation, Check Point Software Technologies, Trend Micro Inc., Infineon Technologies AG, Symantec Technology Ltd., Sophos Group Plc., Palo Alto Networks, Inc., Arm Holdings, and among others.

Set Top Box Market: Development History, Current Analysis and Estimated Forecast to 2027

Set-top box market will register year-on-year growth at 11%, with the overall valuation expected to reach US$ 28 Bn in 2021. As per the study, demand for set top boxes is expected to rise at 9% CAGR between 2021 and 2031.

Increasing production and sales of smart television across the U.S., India, and Malaysia will improve the demand for set top boxes. Regionally, Asia Pacific excluding Japan (APEJ) and North America are expected to dominate the global set-top box market, collectively accounting for 55.7% of global market share.

Growing demand for high-definition videos and powerful interfaces with advanced technology will propel the sales of high-definition set-top boxes, as per FMI. The set-top box market will represent over 10% of sales in the global digital broadcasting industry.

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Segmental forecast of the global set-top box market

The global set-top box market is segmented on the basis of product type (Cable Set-Top Boxes, Satellite Set-Top Boxes, IPTV Set-Top Boxes and OTT (Over the Top) Devices) and by video quality (Standard-Definition Set-Top Boxes, High-Definition Set-Top Boxes).

  • In the year 2017, the satellite set-top box segment is estimated to be valued at US$ 8,458.1 Mn and is expected to register a CAGR of 8.1% during the forecast period
  • The OTT devices set-top box segment is estimated to be valued at US$ 3,039.1 Mn in the year 2017 and is forecasted to touch a value of US$ 3,406.0 Mn in the year 2018, reflecting a year-on-year growth rate of 12.2%
  • In the year 2017, the SD set-top box segment is estimated to be valued at US$ 5,377.8 Mn and is expected to register a CAGR of 5.1% during the assessment period
  • The HD set-top box segment is estimated to be valued at US$ 16,891.0 Mn in the year 2017 and is forecasted to touch a value of US$ 18,532.1 Mn in the year 2018, reflecting a year-on-year growth rate of 9.7%
  • In 2017, the North America set-top box market is estimated to be valued at US$ 5,748.4 Mn and is projected to reach US$ 9,942.0 Mn by the end of 2027. The market in North America is expected to represent incremental opportunity of US$ 4193.6 Mn between 2017 and 2027
  • In 2017, the APEJ set-top box market is estimated to be valued at US$ 6,652.4 Mn and is projected to reach about US$ 16,703 Mn by the end of 2027. The market in APEJ is expected to represent incremental opportunity of US$ 10,050.3 Mn between 2017 and 2027

set top box market sector region wise plc position and notable trends 2021 2031

Global Set-top Box Market Forecast 2017-2027

Future Market Insights predicts the global set-top box market to be valued at about US$ 22,269 Mn by the end of 2017 and will continue to grow at a CAGR of 7.5% during the period of study to reach a market valuation of about US$ 46,091 Mn by the end of the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global set-top box market including Humax Co., Ltd., Huawei Technologies Co., Ltd., Kaonmedia Co., Ltd., Technicolor SA ADB (Advanced Digital Broadcast), SA Sagemcom SAS Samsung Electronics Co. Ltd., ARRIS Group, Inc,  EchoStar Corporation, Microsoft Corporation,  ST Microelectronics,  Texas Instrument and Broadcom among others.

Set top box (STB) Market by Category

Product:

  • Cable Set-Top Boxes
  • Satellite Set-Top Boxes
  • IPTV Set-Top Boxes
  • OTT (Over the Top) Devices

Video Quality:

  • Standard-Definition Set-Top Boxes
  • High-Definition Set-Top Boxes

Region:

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

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Key Questions Answered in the Report

  • What is the current value of the global set top box market?

– The global set top box market is expected to reach a valuation around US$ 28 Bn in 2021.

  • At what rate did the global set top box market grow between 2016 and 2020?

– The global set top box market grew at 7.5% CAGR between 2016 and 2020.

  • What are the key trends boosting set top box sales?

– Increasing adoption of smart television, improved standard of living, and advancements in digital broadcast technologies are the factors propelling the sales of set top boxes.

  • What is the total share of top players operating in the global set top box market?

– Top 5 players in the global set top box market are expected to hold around 45% of the total market share.

  • Which are the major countries driving demand for set top box?

– As per Future Market Insights, India, Australia, and Malaysia are identified as key exporters in set top box market.

Bromine Market is growing with a healthy CAGR of 2.7% between 2021 and 2031

According to the latest report by Future Market Insights, the global bromine market is estimated to be worth US$ 2.4 Bn in 2021. With a large share in oil and drilling applications, bromine and its derivatives are seeing high demand growth in the US.

High demand for bromine derivatives and Clear Brine Fluids (CBFs) is seen in the US which is seeing an uptick in drilling and exploration activities for oil.

Despite the ongoing pandemic, players in the bromine market are engaging in smart procurement moves for bromine and its derivatives in order to preserve their margins. Efforts are also being undertaken to secure long-term strategic liaisons by manufacturers with their customers and partners to offtake production and keep plants operational in the interim.

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Key Takeaways of Bromine Market

  • Flame retardants account for the largest share in the bromine market. Despite stringent regulations banning brominated flame retardants, this segment will showcase strong growth through 2031
  • Asia Pacific was the largest regional market for Bromine in 2019. Within this region China accounted for 13% bromine production
  • With high uptake of bromine as a flame retardant in electronics manufacturers are re-shoring to regions within Asia Pacific on back of cost-effective raw materials and cheap labor
  • High recyclability of hydrogen bromide along with virgin bromine brines is upping the overall production of bromine globally

COVID-19 to Compound Challenges of Refiners

Bromine and in particular, the chemicals industry, will feel the impact of COVID-19 in the near term. The bromine market like other major chemical sectors will continue to face supply chain disruptions owing to outbreaks in various regions.

Regions such as Asia Pacific, North America and Europe which have till now remained key producers of bromine may feel the adversarial effects of the pandemic and prevailing uncertainty in capital markets.

Slackening growth in consumer goods, automotive and the construction sector is also impacting the demand for brominated flame retardants in these end-use industries. Refineries producing bromine are facing significant challenges with facility shutdowns.

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Bromine Market – Competitive Intelligence

The market structure for bromine is highly consolidated with leading stakeholders’ producers accounting for three-fourth of the supply. With technological advancements in bromine and its derivatives as well as collaborative ventures between major players, the market is witnessing high growth in pharmaceuticals, construction, electronics and oil & gas.

  • Israel Chemicals Ltd, headquartered at Tel Aviv, is one of the leading players in the market manufacturing elemental bromine. With an estimated capacity of 280,000 MT of bromine per year, the company serves diverse sectors such as construction, pharma, energy and automotive. To reduce its overall operating cost the company looks at establishing new pumping stations in locations around the Dead Sea to maintain bromine production. The company also collaborated with Albermarle Corporation to develop a new generation of polymeric flame retardants with reduced emissions
  • Lanxess AG, headquartered in Germany offers brominated flame retardants which are primarily being used in building insulation. The company recorded a strategic milestone with its acquisition of Chemtura, a US company which has made it one of the most important players in the additive market and has also given it a foothold in urethanes and organometallics divisions

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Want to Know More?

Future Market Insights has published a market research report on the bromine market that contains global industry analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the bromine market through four different segments- product type, source, application, and region. The bromine market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

 

Wood Charcoal Market Key Players, End User, Demand and Consumption by 2030

A recent report by Future Market Insights (FMI) states that global sales of wood charcoal will value around US$ 20 Bn in 2020. Substantial demand will come from residential sector, especially in developing regions of Asia Pacific, Africa and South America wherein over 2 billion people rely on wood energy for cooking and heating purposes. The study further reveals that cooking and heating in private households make up for about a third of worldwide renewable energy consumption

While emergence of alternative energy sources is hampering market growth, demand from chemical industry for production of chemicals – carbon disulfide, sodium cyanide, and carbon tetrachloride – is reflecting remunerative opportunities.

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Key Highlights

  • Charcoal lumps continue to generate greater revenue through 2030
  • Fuel feedstock to remain primary application area of wood charcoal
  • Adoption of wood charcoal in residential sector to remain over decade ahead
  • Hardwood to account for leading revenue share, tentative to 80%
  • Markets in Latin America and South Asia to offer potential growth avenues

“Food prepared from barbeque charcoal (BBQ) grills offer various benefits such as less oil usage, nutritionally rich food, and low fat. As consumers are following stay-at-home orders, at-home consumption is surging and consumers are showing greater interest for indoor grilling. The trend is well-established in developed regions, in particular,” says analyst at FMI.

COVID-19 Impact on Wood Charcoal Market

While the global wood charcoal market has been facing significant brunt of the COVID-19 pandemic in Q1 and Q2 of 2020 due to trade restrictions, lockdowns, and travels bans, resulting in subsequent drop in demand from several end-use industries such as chemicals, metal and metallurgy, and water treatment plants.

That being said, gradual easing of pandemic-induced restrictions across continents are setting high hopes for wood charcoal manufacturers as these end-use industries are getting back on track.

While the global chemical production declined in every category through Q1 2020, production eventually showed positive signs during Q2 2020, despite negative growth in some categories.

Moving ahead, as the COVID-19 pandemic continues to rage across the globe, governments and organizations are laying greater emphasis on treating wastewater as essential public service to minimize potential impacts on health and surroundings. This, in turn, will further accent the need for wood charcoal wastewater treatment plants.

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Wood Charcoal Market – Competitive Intelligence

The global wood charcoal market is highly competitive, with presence of several players competing with each other to capture bigger revenue share. Majority of leading players are allocating huge investments in R&D to roll out innovative offerings that help step up production efficacy and thus improve their regional presence. Case in point,

  • Greencoal Namibia CC produces pure hardwood lump charcoal made from 100% natural Blackthorn wood. The charcoal offers enhanced lighting characteristics, reduced ash production, and amazing hardwood aroma.
  • Kingsford Products Company develops professional briquettes made with 100% natural ingredients and premium wood char to assure professional-quality results. These briquettes offer better burn and feature low ash formula.
  • Royal Oak Enterprises manufactures pure natural hardwood charcoal briquettes derived from wood, vegetable starch, and contain no additional substances.

Wood Charcoal Market – Key Segment

Wood Type

  • Softwood
  • Hardwood

Product Type

  • Charcoal Lump
  • Charcoal Briquettes
  • Charcoal Powder

Application

  • Fuel Feedstock
  • Reducing Agent
  • Filtration Agent & Gas Masking
  • Decolorizing Agent
  • Gas Masking
  • Sketches & Paints
  • Soil Conditioning
  • Gunpowder
  • Others

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To Know More About Wood Charcoal Market:

A new market research report published by Future Market Insights (FMI) on the global wood charcoal market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the wood charcoal market through five different segments – product type, wood type, end use, application and region. The wood charcoal market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of wood charcoal and product adoption across several end-use industries.