Image Intensifier Market is projected to expand at a CAGR of 2.9% during 2019-2029: PMR Study

A recently published report by Persistence Market Research (PMR) sheds light into the image intensifier market by analyzing the changing dynamics of the landscape and assessing opportunities for market players. According to the report, the image intensifier market is on a pedestrian growth trajectory given that its scope of application is limited to the military and defense industry.

According to the study, the increase in the military expenditure in numerous countries, on account of cold wars and trade wars is likely to drive investments in the image intensifier market. Since image intensifiers are directly linked with security applications, market players are observed making hefty investments in the development of image intensifiers to enhance the vision during nighttime.

Besides the military, government and law enforcement bodies make a crucial end user in the image intensifier market. With smart city development initiatives taken by governments of numerous countries, there has been a rise in the adoption of highly advanced security systems, aimed at the detection and prevention of security breaches. Such a high inclination and investment made by the government in the direction of ensuring the safety of consumers is likely to drive the future demand for image intensifiers.

Application of Image Intensifiers in the Healthcare Industry – A Crucial Mine of Opportunity

A significant aspect that market players need to focus on is the growing demand for image intensifiers in the healthcare industry for diagnostic systems in order to offer better precision and visibility. Medical personnel are gradually realizing the prowess of image intensifier in transforming the intensity of x-ray photons to light photons, in order to produce a clear image for diagnosis. In addition, the modern image intensifiers even possess the competency to convert low energy radiation to visible light images, in order to increase the brightness of the image. As the trend of early diagnosis encircles the medical sector, image intensifier will gain massive popularity in the healthcare landscape in the coming years.

Survivability in the Image Intensifier Landscape Equals to Strategic Collaborations

The report finds that military and defense applications of image intensifiers are hard-pressing market players to diversify their product portfolio to offer advanced products to their clientele base. For this purpose, market players are seen leveraging partnerships and collaborations to acquire their technologically sound counterparts and gain a reciprocal advantage. An example can be taken from Harris Corporation. In April 2019, L3 Technologies Inc. announced a merger with Harris Corporation to develop innovative products. The company has a reach in over 100 countries across the world.

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While acquisition, merger, and collaboration make up a crucial strategy for the market majors, product launch remains a key strategy for new market entrants and prominent players. One such example can be taken from SYT Technologies. In April 2019, the company announced that it has developed the SYT SR750 long-range observation model, which possesses the competency to detect and identify objects all-day long and even during nighttime, which is likely to serve as an advancement in the military and defense sector.

Expanding Applications in Diverse Sectors Boost the Need for Citrus Powder

The rising numbers of organizations all over incalculable industrial verticals are changing their business models with expanded significance being given to consumer fulfillment, and the citrus powder scenario is no exemption. With the market for citrus powder seeing steady development in the personal care & cosmetics sector, soon citrus powder will be amid the primary ingredients utilized in the cosmetics sector.

The lemons and lime utilization for the making of citrus powder are demonstrating remarkable expansion in the anticipated period. This category is increasing greater fame attributable to its simple accessibility and various applications in makeup expelling and cleaning in the field of personal care and cosmetics sector. The market is increasing huge footing because of the anti-aging properties of lemons and skin lightening.

One of the ongoing advancements in the market is that various players are turning out with the novel trend of initiating natural citrus powder. Numerous organizations in the field of citrus powder are going for this trend to expand their worldwide market revenue and shares.

Causing a greener and clearer vision of the environment conceivable, the citrus makers are operating in every one of the zones, beginning from organic production of citrus to biodegradable citrus powder packaging. The makers are getting a change in their manufacturing pattern since the buyers nowadays need organic, natural, free from gluten, vegan, and a lot increasingly such specifications in their items.

The restraining aspect for citrus powder is that of cost. Given their export-dependent and exotic nature, citrus powder-based items are evaluated moderately at a more elevated level. The significant expense is likewise a result of higher generation costs when contrasted with synthetic vitamin C. This further restrains their extension to just certain socioeconomics, for example, high and urban earning people.

The processing method for getting citrus powder from citrus fruit is generally perplexing. The citrus powder extraction necessitates a few phases of processing before, at last, arriving at the packaging procedure, and after that arriving at shoppers. The purity and quality of citrus powder count significantly on the drying technique that is utilized to separate the citrus powder.

Oranges, lemons, tangerines, and grapefruits are the most prominently developed citrus fruits types, which are exchanged as fresh fruits, juice pulps, and concentrates. On the other hand, cultivators face a test in enhancing or keeping up yield quality, with crop diseases, drought, cold, and soil salinity being the key obstructions. These difficulties force on economic restraint for the cultivators. Fruitful implementation of customary breeding strategies on enhancing citrus generation is done for quite a long time, conversely, they involve trouble identified with the yield’s postponed maturation and growth. As conventional reproducing strategies represent longer time necessities, the fast incorporation of attractive attributes in citrus fruits is considered illogical. At times, specific desirable traits are not accessible in developed citrus fruits that have additionally been made progressively obvious for engaging against crop diseases. As ailments show up in the territory of citrus development, they spread inside a couple of years and become the extra blocks for a generation. The aggregate monetary impact on the back of expanded creation expenses and yield decrease negatively affects set up organizations along with developing local makers in the worldwide market

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New Entrants to Focus on the Highly Fragmented Aftermarket Segment of the Car Security System Market

Car security systems have significantly helped in decreasing car thefts worldwide. Conversely, expanding examples of vehicle robberies in nations, for example, India and South Africa have demonstrated the significance of car security systems. Various automakers provide diverse car security systems, for example, glass break sensors, immobilizers, shock sensors, inclination sensors, central locking systems, stolen vehicle trackers, alarm systems, perimeter sensors and so forth. North America has the biggest aftermarket share and China is the greatest manufacturing base. With the expanding car security utilization in the APEJ region and increasing awareness amid car proprietors, the market is anticipated to surpass the North America market over the years to come.

Expanding new vehicle sales, alongside increasing awareness amid car owners and a strong aftermarket development are reinforcing the worldwide market for the car security system. Carmakers are expanding the boosting of the security systems deployment in new vehicles to be noticeable in competition. Besides, expanding the implementation of telematics all over the world is empowering simple car monitoring proficiencies along with comfort to vehicle proprietors with an upgrade in vehicle security. On the other hand, the significant expense of product and high establishment charges are constraining OEM and aftermarket prospects. Automakers give more choices in their premium car alternative which thusly is diminishing the acceptance by new vehicle proprietors. While the foundation of new vehicle manufacturing plants in nations, for example, China, India, Turkey, and Mexico are expanding car security system market prospects in these regions.

Increasing awareness among car owners because of expanding cases of vehicle burglaries is uniting the market for the car security system. Alongside expanding by and large vehicle manufacturing, there is an advancing need for car security systems. Expanding vehicle armada and constrained existence of a few car security products are reinforcing the replacement market. Also, government regulations and insurance policies are fueling automakers to introduce these car security systems as standard attributes in novel cars. As indicated by the Western Australia Department of Transport, immobilizer fitment is compulsory before transferring and licensing a vehicle in a region. However, the significant expense of these systems is restricting the worldwide market for a car security system, a few systems are extended as discretionary whereas a few are saved for luxury cars.Aftermarket is profoundly divided, new participants are focusing on the aftermarket section. Vehicle OEMs are moving towards developing economies, car security system makers are focusing on such markets where vehicle OEMs are setting up new manufacturing plants.

Based on product type, the worldwide market for a car security system is fragmented into a remote central locking system, immobilizer system, alarm system along with different systems that incorporate perimeter sensors, vehicle trackers, glass break sensors and ultrasonic sensors. Others category is anticipated to enlist the most elevated expansion in the market though remote central locking system would keep on commanding in OEM and aftermarket market. Immobilizers are for the most part sold in the OEM market inferable from their huge entrance in all the car types

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Increasing Preponderance of Renal Ailments to Chiefly Boost Expansion of the Renal Biomarker Market

Kidney ailments are one of the main sources of death around the world. The frequency of chronic kidney ailments is quickly increasing particularly in the older populace as a result of the increment in life expectancy of overall populace and enhancements in therapeutic administration services. On the other hand, hypertension, as well as diabetes, remains the main source of renal ailments. Biomarkers are quantifiable markers reflecting pharmacological as well as the physiological movement of the illness state. Ongoing advances in molecular biology have brought about the improvement of novel biomarkers for renal capacity. Broad research & development by biomarker producers has prompted distinguishing proof of new renal biomarkers to convey more beneficial diagnostic precision in addition to enhance patient results.

The development of the worldwide market for the renal biomarkers is mostly determined by the increasing occurrence of a variety of renal ailments combined with a maturing populace around the world. In addition, there has been an expansion in the grown-up populace with chronic kidney ailments, basically as a result of an increasing pervasiveness of conditions, for example, high blood pressure as well as diabetes. Other noticeable development variables incorporate the enormous number of clinical trials in the new renal biomarker in addition to drug development space as well as the entrance of different financially savvy, solid, in addition to quick innovatively determined diagnostic conventions in clinical practice. On the other hand, utilization of questionable blemished best quality level for renal ailment diagnosis in addition to the absence of sensitivity and explicitness in current renal biomarkers are a few of the aspects controlling the development of the market over the years to come.

Existing trends administering the worldwide market for renal biomarkers incorporate the conceivable utilization of renal biomarkers in customized medication and medication advancement and developing the popularity of non-intrusive renal biomarkers.

In terms of the biomarker type, the worldwide market is categorized into functional biomarkers (incorporating urine albumin, serum cystatin c, and serum creatinine) and up-regulated proteins (incorporating neutrophil gelatinase-associated lipocalin, kidney injury molecule 1 and interleukin 18) and others. The functional biomarkers category is likely to stay dominant in the approaching years. In terms of the diagnostic technique, the worldwide market is categorized into enzyme linked immunosorbent assay, colorimetric assay, particle-enhanced turbidimetric immunoassay, liquid chromatography-mass spectrometry in addition to chemiluminescent enzyme immunoassay. Among these, the enzyme linked immunosorbent assay diagnostic technique category is projected to account for the biggest market share over the years to come. The renal biomarkers are majorly employed by the end users, for example, outpatient clinics, diagnostic labs, hospitals, and research centers. Of these end-users, the diagnostic labs end user category is anticipated to foresee the highest expansion on the basis of revenue all through the assessment time frame. The foremost market players are focusing on ever-increasing their existence in high-development rising markets all the way through well-thought-out investments in research and development in addition to the technological innovation.

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Automobile Producers to Lean Toward Locally Sourced Segments for Sustainable Supply and Economical Pricing in the Automotive Washer Systems Market

The automotive washer system is a significant piece of vehicle safety system as well as guarantees clean sight of different vehicles on the street to maintain a strategic distance from conceivable outcomes of a mishap. Windshield washer framework is a fundamental safety attribute accessible as an inherent component in passenger cars, heavy and light commercial vehicles made over the globe. Then again, the headlamp washer system is increasingly an element of SUV, luxury and premium car section, it guarantees rightful cleaning of the headlamp as opposed to dirt and mud, therefore, keeping up an appropriate force of light. In certain areas, for example, Western Europe, Eastern Europe, and regions of North America, it is required for vehicles utilizing HID (high-intensity discharge) headlights to convey headlamp washer system. The fragment sales of washer systems incorporates every single standard part discovered in a vehicle with windshield washer system and headlamp washer system, for example, camera wash nozzle/ headlamp wash nozzle, fluid reservoir, windshield wash nozzle, connectors and hose, wiper arm, wiper blade, front & wiper motor and windshield washer pump.

Expanding vehicle manufacturing and implementation of proficient washer and wiper technologies are essential aspects reinforcing the washer systems sales worldwide. Also, the high substitution pace of washer system components is anticipated to bring about higher sales in the aftermarket fragment. The rise of more current windshield and wiper blade cleaning technologies is bringing about the greater expense of finished results, which is a central point constraining the implementation of these items amid purchasers. High market entrance of moderately minimal effort wiper and washer system choices confines need for the heated nozzle, nozzle integrated wipers and wiper de-icer washer systems.

The development of the worldwide market for the automotive washer system is principally ascribed to expanding new vehicle sales and sturdy aftermarket need for washer system parts. The extra cost of novel wiper advancements is foreseen to modestly impede market development, as a consumer base, especially in emerging economies, is unwilling to invest in more up to date and extravagant technologies.

A few of the foremost trends surveyed in the worldwide market for the automotive washer system are a smart amalgamation of technologies, expanding the utilization of rear camera washer frameworks, expanding appropriation of headlamp washer systems in mid-sized and semi-luxury cars and progressions in nozzle design and wiper blade.

Besides, noteworthy prospects exist for washer system makers through extension in emerging economies. Current vehicle reviews because of the supply of defective washer system and guidelines commanding utilization of headlamp washer systems would make critical weight on the supply side to create cost-proficient, sturdy and dependable washer systems, to win market share. Car makers are anticipated to favor privately sourced segments for sustainable supply and economical pricing, along these lines profiting domestic washer system makers. Moreover, worldwide players could use their abilities to venture into such markets through coordinated efforts with neighborhood players. Moreover, the extension of manufacturing offices, especially in emerging countries, is the key technique embraced by topmost players in the market

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4 Factors that are Changing the Organic Fertilizers Market for Stakeholders

The agriculture industry is taking a U-turn to make a move away from less-convenient and less-productive traditional farming methods to adopt new ones, which are much more efficient and productive. Organic fertilizers are gaining high demand with the rising awareness about their potential benefits over synthetic fertilizers, which contributed to the harmful emissions of nitrogen in the air.

Furthermore, farmers and other stakeholders in the agriculture industry are considering not only the agricultural benefits of organic fertilizers but also the environmental advantages of incorporating them in agricultural practices. Growing awareness about the harmful impact of synthetic fertilizers on the environment is expected to further bolster demand for organic fertilizers in the coming years.

Here are four important factors that are instrumental in redefining the potential growth prospects of the organic fertilizers market.

Organic Fertilizers Sales Soring in European Countries as Customers make Ecofriendly Decisions

Increasing environmental awareness among consumers as well as stakeholders operating across a diverse range of industries is bringing in a significant change in the factors influencing manufacturing decisions and strategies. Consequently, a mounting number of stakeholders in Europe’s agriculture industry are spurning fertilizers manufactured using chemicals in order to make a move towards organic fertilizers. Furthermore, the awareness about the potential benefits of urea and organic fertilizers in improving the yield quality is significantly higher in European countries, as compared to other geographic regions. This is creating a positive outlook of future growth parameters for the global market for organic fertilizers.

Plant-based and Animal-based Organic Fertilizers Growing High in Demand

Leading players in the organic fertilizers market are exploring the potential for organic fertilizers manufactured using innovative ingredients, both plant and animal-based, to further expand their sales opportunities. Market leaders are investing in research & development to diversify their product range and gain a competitive edge in the organic fertilizers landscape. Currently, the demand for plant-based organic fertilizers is relatively higher than that for animal-based organic fertilizers. However, the picture is likely to change with ongoing R&D activities in the market.

Favorable Regulatory Environment and Government Initiatives Foster Market Growth

In December 2018, the European Commission (EC) shed light on the agreement on the Fertilising Products Regulation, which imposes strict regulations on the use of toxic contaminants in fertilizers and also supports the use of innovative organic fertilizers. The agreement highlights new rules set across the European Union (EU) to ease the access of organic and waste-based fertilizers to the EU single market. The demand for organic fertilizers is growing not only in Europe but also in other regions, such as Africa. The governing bodies in many African countries are encouraging the use of organic fertilizers through different regulations and awareness campaigns, which is likely to support the growth of the market in the region.

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Liquid Organic Fertilizers witness more Demand than their Solid Variants

In the past five years, the global demand for liquid organic fertilizers has increased significantly, and it is primarily attributed to their high solubility in water and plants can easily absorb nutrients dissolved in these fertilizers. Abundant micro and macronutrients are present in all types of organic fertilizers, however those in the form of liquid expedite the absorption of nutrients, and eventually, the growth of plants. With a significant revenue share of the market, liquid organic fertilizers are witnessing incremental demand in the global market, and the trend is likely to continue to grow in the coming years.

Forestry Trailers Market Set to Grow 1.4X by 2029 Despite Increasing Forest Conservative Initiatives

As the timber industry continues to see rapid growth with rising commercial development and road building worldwide, the level of technology used in forestry harvesting has been increasing at steady pace. With a paradigm shift from animal-powered to more mechanized process, forestry industry operators are increasingly focusing on the use of advanced technologies to enhance management capabilities and raise the production. Over the years, forestry trailers have garnered high traction as viable machinery for optimized and fast transportation of logged woods from forests to store landings. The demand for forestry trailers is further gaining a boost from elevating adoption of timber for construction and wood pellets for biofuel.

According to a new business intelligence report by Persistence Market Research, the global forestry trailers market is projected to register a CAGR of ~4% during the period, 2019-2029. Sensing the lucrative nature of the market and rapidly expanding timber industry, leading automotive manufacturers are foraying into the production and sales of forestry trailers. An example has been illustrated by Mercedes-Benz, the global automotive giant, which has introduced its own line of forestry trailer, Unimog. With cloud swirling around automation and digital technologies, manufacturers are focusing on integration of advanced technologies in their products such as GPS system, in addition to offering high speed and high capacity shears. Moreover, as farmers and construction contractors continue to embrace newer technologies, forestry trailer manufacturers are likely to follow suit and incorporate various technology solutions to make their product smarter and more productive.

Opportunities Abound in Developing Economies

Continued urbanization and industrialization, especially in developing economies, has led to increase in the use of round wood in construction activities, thereby potentially raising the demand for forestry trailers for various harvesting applications. Asian countries continue to offer greater opportunities for the forestry trailers market players, on the account of increasing consumption of timber wood products. On the one hand, Europe will continue to remain in the vanguard of the forestry trailers market, due to strong presence of market players and significant share of the world’s forested area.

Considering fossil fuel a dwindling resource and continuous volatility in oil prices, the demand for wood pellets has been on the rise in the recent years, contributing to the growth of the forestry trailers market. Notable increase in biomass collection for energy generation, especially in North America and Europe, is further likely to work to the advantage of the manufacturers.

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However, it is imperative to note that, mounting concerns over deforestation and increasing incidences of wildfires damaging forest resource are likely to represent as a potential threat to the market growth. Several governments across the globe are taking initiatives for forest conservation and imposing tougher regulations to restrict the rate of deforestation, which could adversely influence the growth of the forestry trailers market.

Electrical Compliance and Certification: North America remains the Top Revenue Pocket, finds a PMR Study

Persistence Market Research (PMR) recently publishes a market intelligence study that assesses the growth of the electrical compliance and certification market to estimate its growth parameters between 2019 and 2029. The study has found that the market reached the US$ 1 billion mark in 2014 and increased at a healthy to rate to surpass a valuation of US$ 1.4 billion by 2018. The positive growth of the market was mainly triggered by the ongoing manufacturing activities in the electrical industry and amendment in regulations and standards associated with electrical compliance certifications, finds the PMR study.

In the past decade, the rules and regulations about the electrical compliance and certification process have evolved significantly across various countries, which is expected to contribute to the future growth parameters of the market. The PMR study estimates that the demand for electrical compliance and certification offerings will increase at a rapid pace, resulting in the incremental opportunity of nearly US$ 2 billion for market players between 2019 and 2029. The potential growth prospects of the market are mainly attributed to the recent advancements in technologies for equipment testing and quality control.

The PMR study also finds that the adoption of electrical compliance and certification services remained significantly high in North American countries. In 2018, North America accounted for nearly half the revenue share of the global market for electrical compliance and certification services, and the region is likely to continue to remain the top revenue grosser in the coming years, projects the PMR study.

It also finds that the increasing growth of various industrial areas in developing countries, especially in East Asia and South Asia, is expected to attract the attention of investors. In the coming years, new growth opportunities for will be created for market players in the developing economies in Asia Pacific, triggering a change in the market dynamics of the electrical compliance and certification landscape, opines the study.

Commercial Sector to Trigger High Demand for Electrical Installation Certification Services

The PMR study finds that the demand for certification services remained more among the end users from the commercial sector than the residential and industrial sectors. Growing awareness about the employee and public safety standards is expected to trigger the adoption of electrical compliance and certification services across the commercial sector in the coming years, according to the study.

Leading players in the market are mainly focusing on offering electrical installation certification for the commercial sector, as the demand is significantly higher than other certification offerings such as electrical installation condition reports minor and electrical works installation certificates, mainly due to their low costs.

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Providing foolproof, accurate reports on electrical installation condition at affordable rates to end users from the commercial sectors is emerging as a popular strategy for market players, opines the PMR study. With the increasing competition, due to the mounting number of small players sprouting up in the market, leading players will have to adopt strategies to offer end-to-end services to their clients to maintain a competitive edge in the coming years.

Construction Aggregates Market to Reach US$ 623 Bn by 2029, Finds PMR’s Latest Research

The gap between the demand and supply of natural sand remains unfilled in tandem with construction activities across the globe facing an uplift. With natural resource depletion at an alarming stage, construction aggregates pop up as part and parcel for industrial, commercial, infrastructural, and residential development projects. Further, governments’ role in backing housing projects, and mushrooming travel & tourism activities are set to amplify the adoption of construction aggregates.

Manufacturers bank on recycling processes to eliminate disposal issues, envisaging the unstable demand-supply ratio with increasing construction projects. Constructors are switching from larger and heavy construction aggregates to lightweight and durable ones, following quality, and simple transportation. With diverse applications requiring specific size or shape, manufacturers are offering customizations to the end users.

Manufacturers are leveraging the intensifying wave of innovation by employing upgraded equipment to satiate the required productivity, and quality of construction aggregates, boosting the supply capacity. However, construction activities are critically impacted during rainy and winter seasons, as such, the demand for aggregates appears to observe seasonality.

Governments across the globe are issuing a clarion call for reducing the utilization of natural resources. As such, manufacturers are turning to leverage recycled construction aggregates to achieve sustainability.  Furthermore, countries, including China, are undergoing massive infrastructural development under the 13th five-year plan, while India is on the same line under the smart cities project.

Countering Transportation Costs and Adverse Events with Lightweight Construction Aggregates

Lightweight construction aggregates are witnessing immense traction among construction firms owing to multitude of properties and benefits. Transportation expenses accounts for nearly half of the total construction aggregates cost, forcing contractors to heavily rely on their wallets. Lightweight construction aggregates exhibit greater strength as compared to their regular counterparts, yet, are lighter by about 25% to 50%.       

Lightweight construction aggregates offer significantly better fire resistance against conventional aggregates following lower thermal conductivity, and lower coefficient of thermal expansion. Properties constructed with the help of lightweight construction aggregates showcase greater resilience to exposure to the natural elements. The lower conductivity aspect stretches the time needed to attain a stable temperature, avoiding the internal temperature from altering under unstable situations conditions.

As such, lightweight construction aggregates are extensively used in top storeys of high rise construction, long span bridges, steel structures, marine structures, and screeds. In addition, the aggregates show excellent bond compatibility with the cementations matrix, and prevent micro-cracking owing to better elastic compatibility.

Recycled Construction Aggregates – An Eco-Friendly Solution

With environmental concerns climbing higher levels, manufacturers are developing recycled construction aggregates from the earlier used reprocessing materials, thereby reducing the burden on landfills. Recycled construction aggregates pose lesser threat on the surroundings, and are ideal for the progress of construction sector thriving to lower emissions.

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Gravel extraction consumes a great deal of resources, and considerably harms the environment. Further, vegetation covers need to be cleared to make space for digging for disposing extra sand and gravel. Recycling used aggregates decreases the need for continued mining operations. The process of recycling shrinks the dependence on virgin construction aggregates – a cost-efficient factor for enterprises. In addition, recycling of construction aggregates at local level dismisses the need for transportation.

Connected Home Security Market to Surpass US$ 1.4 Bn by 2029: PMR Study

Persistence Market Research (PMR) recently published a market intelligence study that assesses growth of the connected home security market and projects its future growth parameters based on changing technological trends and consumer perception about internet-driven home security products. The PMR study finds that the global market for connected home security was valued at US$ 300 million in 2014, and with advent of advanced technologies and the rise in their penetration worldwide, it is likely to reach a valuation of ~US$ 400 million by 2019. While the development in the market has been steady in the past few years, the coming decade is expected to reflect unprecedented growth for this landscape, as it is expected to surpass US$ 1.4 billion by 2029, opines the PMR study.

In 2018, North America accounted for more than one-third revenue share of the global market for connected home security equipment, and the PMR study attributes the rise in technological advancements and adoption in the region for its positive growth prospects. However, the demand is expected to reach new heights in developing economies, mainly in East Asia and South Asia, as the construction industry is booming and consumers’ willingness to spend on home security is expected to create lucrative sales opportunities for stakeholders in the connected home security market in these regions.

The study finds that, with the increasing profitable opportunities in the landscape, new entrants are sprouting up in the developing markets for connected home security. As the technological penetration rises in these countries, small and medium-sized technology companies are expected to account for nearly 30% revenue share of the global market in the coming decade, finds the PMR study. The global market is expected to witness a rise in merger & acquisition activities among leading players in the security industry and small technology companies in the landscape, according to the study.

Introducing Internet Security Cameras to Become a Winning Imperative

With the increasing growth of the digital economy of the world, the penetration of internet services through broadband has increased dramatically in the past decade, mainly attributing to the substantial rise in connectivity. As a result of which, the adoption of internet security cameras are demonstrating high sales in connected home security market, finds that PMR study. Growing availability of a broad array of connected home security systems integrated with technologically advanced features is triggering market players to invest heavily in research & development (R&D) to bolster innovation and stay ahead of the competition, opines PMR.

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Furthermore, convenience and robust security are becoming among the top priorities for consumers, which is bolstering the popularity of voice-assisted internet security cameras with AI features. This is likely to reflect in an emerging trend in the market, opines the study. Furthermore, leading stakeholders are also introducing cloud-integrated software and services to reduce the risks of cyber-attack and threats, ultimately to stay ahead of the competition. However, in the coming years, market players are also likely to introduce innovation in other connected home security systems involving devices such as smart locks and smart thermostats, projects the PMR study.