Market Research Blog

The Flexible barrier films for electronics Market revenue was $33.8 million in 2021 and is expected to reach 188.4 million by 2032, increasing at an 18.7% CAGR between 2022 and 2032. Increasing emphasis on the introduction of novel flexible electronics such as sensors, displays, and others is expected to accelerate the sales of flexible barrier films in the global market.

Flexible barrier films are flexible barriers or substrates made to protect electronic circuits and other components from degradation caused due to moisture, oxygen, and other environmental factors. These barrier films are extensively being used in the development of novel electronic devices that offer features such as flexible form, versatility, lightweight, and robustness without compromising the performance of the electronic device.

Growing shift in customer preference towards adopting flexible barrier films for electronic products and components, owing to their higher level of protection from oxygen and moisture in comparison to alternatives such as metal, glass, and plastics among others is facilitating the growth in the market.

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In addition to this, increasing investment in research & development (R&D) activities for the innovation and development of substrate material for providing flexible, transparent, and glass-like permeability properties to electronic components are estimated to bolster the sales of flexible barrier films.

Which are Some Prominent Drivers Spearheading Flexible Barrier Films For Electronics Market Growth?

As the trend of miniaturization continues to create deeper inroads across the consumer electronics sector, industry players are increasingly aiming at reducing the weight and size of their products without compromising performance.

In addition, growing advancement of in-mold electronics and increasing use of flexible sensors in smart tracking and covering applications is encouraging the development of novel flexible electronics product, which is in turn, expected to augment the growth in the forthcoming years.

Flexible barrier films hold tremendous potential in adoption across the consumer electronic, wearable technology, and gaming industries, owing to their enquire ability to roll, curve, flex influencing, fold, and conform, enabling a new intuitive user interface. Hence, with surging demand for organics, flexible, and printed electronics devices, leading industry players are increasingly focusing on launching novel flexible and foldable electronics.

What are the Challenges Faced by the Flexible Barrier Films For Electronics Market?

The global flexible barrier films are highly regulated with several governing bodies and organizations such as Food and Drug Administration (FDA) Electronic Regulatory Submission. Companies in the market are required to patent their fabrication and designing, which is in turn, hindering the growth in the market.

Also, need for advancements in terms of technology and substrate material to match the encapsulation flexibility of novel flexible electronic devices is expected to restrain the growth in the market. Extravagant cost of flexible barrier films and high initial investment required to gain economy of scale during manufacturing are factors further hampering the growth in the flexible barrier films for electronics market.

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Why is Asia Pacific Excluding Japan Considered an Attractive Flexible Barrier Films For Electronics Market?

As per Future Market Insights, Asia Pacific excluding Japan is forecast to exhibit robust growth in the global flexible barrier films for electronics market between 2022 and 2032.

Within growing advancement in flexible technologies and increasing demand for flexible electronic devices in countries such as China, India, South Korea, and others, leading industry players are increasingly investing in development of novel films and barriers.

For instance, in 2021, LG, a South Korean multinational conglomerate company announced introducing now foldable display barrier film, Real Folding Window, which is as hard as glass and as flexible as plastic.

How is North America Contributing to the Growth of the Flexible Barrier Films For Electronics Market?

FMI reveals that North America is estimated to account for a significant share in the global flexible barrier films for electronics market over the forecast period 2022-2032.

With increasing demand for energy and rising concerns pertaining to carbon emission due to the use of petroleum products, governments in countries such as the U.S. and Canada are increasingly focusing on expanding their renewable energy production.

Market Competition

Some of the leading players in the flexible barrier films for electronics market are 3M Company, Amcor Plc, Beneq, Eastman Chemical Company, Fraunhofer Polo Alliance, Honeywell International Inc., Materion Corporation, Sigma Technologies Int’l, LLC., Alcan Packaging,  Tera-Barrier Films Pte Ltd, Toppan Printing Co., Ltd., and General Electric.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as 3M Company and Honeywell International Inc account for a considerable market size, several leading players are also operating across prominent regions, particularly in the Asia Pacific and the U.S.

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Key Segments Profiled in the Flexible Barrier Films For Electronics Market Survey

By Product Type:

• Flexible Electronics
• Photovoltaic
• Others

By Application:

• Consumer Electronics
• Automotive
• Defense & Aerospace
• Medical & Healthcare
• Energy
• Power & Utility

By Region:

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

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Humidifier Market is estimated at US$ 1.85 Bn in 2022, likely to surge at a vigorous 5.8% CAGR during the assessment period 2022 – 2030. The market is reach a valuation of US$ 3.53 Bn by the end of 2030.

The market is recording surging demand for various types of humidifiers such as ultrasonic, cold mist, warm mist, and others. Innovations in humidifiers are further helping the market gain traction. Despite witnessing disruptions due to the COVID-19 outbreak, the humidifier market is anticipated to witness impressive growth during the forecast period.

FMI offers an exhaustive overview of the humidifier market in its new study. The report also covers information on growth drivers and restraints.

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

• Demand for cool mist humidifiers will remain high, however, sales recorded in the ultrasonic humidifier category is expected to be comparatively higher
• Portable humidifiers are likely to get more popular due to their ease of installation
• The online/ ecommerce segment will emerge as the most preferred sales channels
• Residential sector is likely to exhibit significantly high demand for humidifiers
• North America is expected to lead the global humidifier market followed by Europe during the forecast period

COVID-19 Impact Analysis

The outbreak of novel coronavirus has resulted in restricted growth of the humidifier market. Various factors such as shutting down of manufacturing units during lock down, restricted labor supply, disruptions in supply chain, and other hindrances caused due to the pandemic have been hampering operations within the market.

With sales via retail channels visibly hampered due to restrictions imposed to contain the novel coronavirus, manufacturers are shifting focus towards strengthening their online presence. Consequently, despite aforementioned restraints, the market is likely to witness higher volume of consumer traffic across ecommerce platforms.

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Who is Winning

As the humidifier market is expanding gradually, the key market players are focusing on launching innovative products.

For instance, Philips has launched their advanced humidifier equipped with nano cloud technology which uses natural evaporation process to humidify indoor air in the current year.

Condair has launched their new Condair EL electrode boiler steam humidifier in the recent year which is easy to install and provides reliable steam humidification. They have also released their CIBSE-approved CPD seminar on dehumidification and drying psychometrics which includes training on the principles of operation for both desiccant and condensing dehumidifiers, and others in October, 2020.

Some of the key market players giving tough competition are Honeywell International Inc., Dyson Ltd., De’Longhi S.P.A, BONECO AG, LG Electronics, and others.

More Valuable Insights on Humidifier Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global humidifier market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2022-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of type (warm mist humidifiers, cool mist humidifiers, ultrasonic humidifiers, others), installation type (fixed, portable), sales channel (online/ecommerce, retail stores (physical)), end user (residential, commercial, industrial), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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Humidifier Industry Survey

Humidifier Market by Humidifier Type:

• Warm Mist Humidifiers
• Cool Mist Humidifiers
• Ultrasonic Humidifiers
• Others

Humidifier Market by Installation Type:

• Fixed Humidifiers
• Portable Humidifiers

Humidifier Market by Sales Channel:

• Online/e-Commerce
• Retail Stores

Humidifier Market by End User:

• Residential Humidifiers
• Commercial Humidifiers
• Industrial Humidifiers

Humidifier Market by Region:

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

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The Modular Data Centre Market is set to enjoy a valuation of US$ 2.7 Bn in 2022 and is predicted to surge at a CAGR of 27.1% to top US$ 11.5 Bn by the end of 2028. Modular data centre, as considered under the scope of the report titled “Global Modular Data Centre Market,” is adopted by industry verticals for storing and managing their data effectively at a faster rate with low maintenance cost. Besides this, the introduction of smart micro-modular data centres is the primary factor driving the global modular data centre market in terms of value.

The integration of IT modules, power modules and cooling modules or an already integrated resultant container comprising all the modules into one container results in the creation of a modular data centre.

Owing to the presence of prefabricated individual modules or containers, one of the most important advantages offered by modular data centres is the portability and the speed of deployment. Owing to these advantages, a higher preference for modular data centres is now witnessed among data centre customers.

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On the basis of component, the global modular data centre market can be segmented into solutions and services. The solution segment is further segmented into all-in-one containers and independent module containers. The all-in-one containers segment is further segmented into 20 feet, 40 feet and customised containers.

However, the independent module containers are segmented into IT modules, power modules and cooling modules. On the basis of solution, the all-in-one containers segment is expected to register attractive growth over the forecast period in the global modular data centre market.

On the basis of data centre size, the global modular centre market is segmented into small, mid-size and large data centres. Owing to the lack of preference, high maintenance and restricted applications in several verticals, large modular data centres are expected to witness a comparatively lower growth rate. On the basis of industry vertical, the modular data centre market is categorised into BFSI, telecom & IT, energy, manufacturing, research, healthcare, government & defence and others.

High adoption of modular data centres has been witnessed since their inception in the telecom & IT and BFSI industry verticals owing to the generation and the need for the storage of high-volume data. Besides this, modular data centres have also been adopted by various governments for storing the data as a backup to deal with expected disasters or emergencies. In addition, the growth of the manufacturing and healthcare industry verticals worldwide in terms of value is correspondingly expected to increase the adoption of modular data centres.

Some of the modular data centre market vendors in this study of the global modular data centre market include CUPERTINO ELECTRIC, INC.; Dell; Delta Power Solutions; Eaton; Hewlett Packard; Enterprise Development LP; Huawei Technologies Co., Ltd.; Inspur Technologies Co., Ltd.; IBM Corporation; Keysource; Rittal GmbH & Co. KG; Schneider Electric and Vertic, Co. Huawei is expected to lead the global modular data centre market.

Competitive Landscape

Modular data centre companies are focusing on developing advanced methods to enable faster deployment of data centres as per client requirements. Top modular data centre suppliers are also investing in research to develop more sustainable solutions to meet environmental concerns.

• In June 2021, Schneider Electric, a leading company providing digital solutions for energy and automation, announced the launch of a new modular data centre. The new all-in-one liquid-cooled modular data centre is known as EcoStruxure and is capable of deploying CPU- as well as GPU-intensive, high-performance applications with more reliability in the harsh and remote installation environment.
• Africa’s first modular prefabricated data centre was recently announced in 2021, and this was through a collaboration between telecommunication giant Huawei and system integrator Cloud Exchange. The data centre will be the first Tier IV data centre in West Africa, and would also be free from noise and air pollution, making it a sustainable one.

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Key Segments of Modular Data Centre Industry Survey

Modular Data Centre Market by Component:

• Solutions
• All-in-one Containers
  • 20-Feet Containers
  • 40-Feet Containers
  • Customised Containers
• Independent Module Containers
  • IT Modules
  • Power Modules
  • Cooling Modules
• Services

Modular Data Centre Market by Data Centre Size:

• Small Data Centres
  • Micro
  • Others
• Mid-Sized Data Centres
• Large Data Centres

Modular Data Centre Market by Industry Vertical:

• BFSI
• Telecom and IT
• Energy
• Government and Defence
• Manufacturing
• Research
• Healthcare
• Others

Modular Data Centre Market by Region:

• North America Modular Data Centre Market
• Latin America Modular Data Centre Market
• Europe Modular Data Centre Market
• East Asia Modular Data Centre Market
• South Asia & Pacific Modular Data Centre Market
• Middle East & Africa (MEA) Modular Data Centre Market

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The Inventory Management Software revenue totalled US$ 1,528.3 million in 2021 and is expected to reach US$ 3,291.1 million by 2028, growing at a CAGR of around 11.2% between 2022 and 2028.

By the end of the forecast period, North America is expected to have a sizable market value share. Retailers in the United States are focusing on incorporating Omni-channel platforms to provide a better customer experience. Companies in this region are also relying on third parties to manage their operations, which include product storage, packaging, and sales, making online inventory management easier and increasing product penetration. In the global inventory management software market, SEA and Others in APAC would exhibit relatively high growth.

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The software segment, in terms of component and SaaS in terms of deployment are expected to gain swift momentum during the forecast period, considering the rising adoption of cloud for inventory data storage arising from dynamically changing inventory levels. The emergence of advanced technologies, including integration of Big Data analytics, IoT and automation would also fuel the inventory management software market through 2028.

Ease in Supply Chain Operations and Emphasis on Omni-Channel Systems to Push Global Inventory Management Software Market

Technology has notably crept into the supply-chain process. With the introduction of inventory management software, enterprises- big and small are able to get real time visibility of supply and demand, through processes that notifies everyone along the chain, thereby, providing an overview of the inventory functioning.

Advanced features such as reservation of specific products from the existing inventory or making segmentations within the inventory to suit privileged demands, adoption of inventory management software is projected to significantly ease supply chain operations along with inventory maintenance, in turn, driving the global inventory management software market.

However, inventory accuracy is paramount for retailers and warehouse owners considering increasing demand for real-time inventory management solutions that can be accessed through multiple channels. Retailers and business owners are increasingly facing challenges apropos to expanding their operations into omni-channel.

Enterprises trying to bridge the gap between its online and offline sales is driving the adoption of supply chain solutions such as inventory management software. In a bid to maintain accurate store inventories and serve everyday orders efficiently, vendors are adopting inventory management software across various industry verticals and manage their online and offline customers under an omni-channel platform.

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Integrating AI, Machine Learning Would Further Shape Inventory Management Software Market; Favourable Opportunities for Vendors in the Inventory Management Realm Awaiting

Moreover, disruptive technologies such as predictive ETAs to improve inventory accuracy, live ocean and geo-fencing, and 3D visual warehouse to provide users a visual decision-making platform are only further supporting the adoption of inventory management software, to maintain a smooth demand and supply landscape. Integrating advanced technologies including machine learning and artificial intelligence into the supply chain and inventory management systems would equip inventory management vendors with lucrative market opportunities.

Key players in the inventory management software market are Oracle Corporation, IBM Corporation, SAP SE, Zebra Corporation, Kinaxis Inc., Infor Inc., Zoho Corporation, SAGE Group Plc, Brightpearl Ltd. and DEAR Systems.

Inventory Management Software Market Key Segments Covered

By Component, Inventory Management Software Demand is segmented as:

• Inventory Management Software
• Inventory Management Services

By Deployment, Inventory Management Software Demand is segmented as:

• SaaS-based Inventory Management Software
• On-Premises Inventory Management Software

By Industry, Inventory Management Software Demand is segmented as:

• Consumer Goods and Retail
• Manufacturing
• Automotive
• Oil and Gas
• Others

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About Us

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 6-years.

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The global radio frequency integrated circuits (RFIC) market is anticipated to grow at around 8% CAGR through the period of 2021 to 2031, and reach a valuation of US$ 45 Bn by 2031-end.

In the past decade requirement for the RFIC products increased with the growing demand for optical, wireless, and other high frequency consumer electronic products.

Radio frequency integrated circuits are made available in the frequency range of 900 MHz to 2.4 GHz. The RFICs are gaining the rapid popularity in the technological deployment because of the ability to work as application specific ICs (ASICs) and configurable with several applications similar as application specific integrated circuits (ASICs).

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Infrastructure development registered in the telecommunication industry of emerging and developed economies alike is attracting several semiconductor manufacturers. The deployment of next-generation LTE networks and 5G is a current technological trend in the telecom industry.

Telecom operators were expected to launch 5G networks in 2018. It has been observed that semiconductor manufacturers have started upgrading their product offerings for 5G-capable infrastructure.

Recently, Samsung Electronics Co, Ltd. launched 5G-capable RFICs with an aim to cater to the demand from the telecom industry. As per FMI analysis, 5G-capable chips are creating high opportunities for the manufacturers of RFICs. Hence, the manufacturers of RFICs can invest and upgrade their product portfolio in the 5G segment.

Key Takeaways: Radio Frequency Integrated Circuit Market

• Demand for RF amplifiers IC is estimated to surge. However, the RF switch IC segment is estimated to continue to hold a significant market share through 2031.
• The market for consumer electronics segment is expected to account for dominant share of 29% by 2031. Rising demand for consumer electronic products and the emergence of next-generation wireless devices are among major factors driving growth in the segment.
• While China is expected to remain dominant in East Asia, the demand in South Korea and Japan will rise at a higher pace.
• The market for radio frequency integrated circuit in GCC countries and the U.K. is expected to surge remarkably, exhibiting growth at around 13% and 8% CAGR, respectively.
• Radio frequency integrated circuit demand in Canada is anticipated to witness strong growth at over 7% CAGR between 2021 and 2031.
• The Mexico market for radio frequency integrated circuit is projected to grow at a remarkable CAGR of over 9% through 2031.

 “Internet service providers are focusing on offering seamless experience to the end users, which can be achieved using RFICs in their networks to provide higher bandwidth and higher speed to the network service end users. RFIC circuits are extensively utilized for performing functions such as signal filtering, frequency conversion and amplification. This is fueling the demand for RFICs across the world,” says FMI analyst.  

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COVID-19 Impact Analysis on Radio Frequency Integrated Circuit Market  

While ensuring employee safety and business continuity remained paramount, public companies were simultaneously challenged by a sudden decline in consumer demand, a continuing halt or reduction in onsite activities, and global supply chain issues.

Disturbances experienced by the supply chain around the world compelled manufacturers to adopt technologies which will allow remote manufacturing capabilities without the need for investment in large areas. Thus, the market experienced a drop in growth in 2020, however it is anticipated to regain momentum by second half of 2021.

Hence, the radio frequency integrated circuit market is estimated to grow around 4% to 5% Y-o-Y from 2019 to 2021.

Advanced Packaging Technologies for RFIC

In the current wireless market, competitive pressures are driving the electrical performance of RF integrated circuit devices to new levels. At the same time, requirements for packaging of these RFICs have caused more resources to be focused on solutions.

The result has been that high frequency packaging is called upon to provide low cost, thermally efficient, miniaturized products for a wide range of wireless telecommunications applications.

The packaging of RFICs covers a wide range of technologies, with a number showing promise for future developments. Advanced package technologies include many forms of multiple chip modules (MCM), leadless array packaging as well as thermally enhanced packaging in ceramic and laminate substrate materials. These packaging tools have been creating lucrative growth avenues for the global RFIC market.

Who is Winning?

Some of the leading companies operating in the market are Infineon Technologies AG, Analog Devices, Inc., Texas Instruments, NXP Semiconductors, STMicroelectronics, Microchip Technology Inc., among others. In order to gain competitive advantage, some of the leading market players are focusing on business expansion to maintain their global presence.

• For instance, in May 2020, Murata started Kanazawa Murata Manufacturing Sendai Plant and established a new group company with the name of Sendai Murata Manufacturing Co., Ltd.  The company aims to enhance the high-frequency electronic component business and ties to the local community as a production subsidiary of the Murata Manufacturing Group.

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More Valuable Insights on Radio Frequency Integrated Circuit Market

FMI’s report on the radio frequency integrated circuit market is segmented into five major sections – product (RF transceivers IC, RF amplifiers IC, RF modulators/demodulators IC, RF mixers/multipliers IC, RF switch IC, and others), application (consumer electronics, telecommunication, automotive, media & broadcasting, medical devices, industrial electronics, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the radio frequency integrated circuit market.

Radio Frequency Integrated Circuit Market by Category

By Product:

• RF Transceivers IC
• RF Amplifiers IC
• RF Modulators/Demodulators IC
• RF Mixers/Multipliers IC
• RF Switch IC
• Others

By Application:

• Consumer Electronics
• Telecommunication
• Automotive
• Media & Broadcasting
• Medical Devices
• Industrial Electronics
• Others

By Region:

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

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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.

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The Radio Frequency Identification Market is expected to reach $22.5 billion in 2022 and grow at a 15.9% CAGR to $54.7 billion by 2028. The RFID software and middleware segment is expected to grow rapidly in terms of components over the forecast period. Based on application, the agriculture segment is expected to gain a large market share during the forecast period.

which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe, are expected to collectively account for a majority share in the global RFID market. These regions are likely to dominate the global market over the forecast period.

Over a decade ago, RFID technology was used by large enterprises.  With improvements in technology and economic cost, this technology has been adopted by small and medium enterprises. RFID technology is widely used by all tier companies to streamline operations and enhance the visibility of their supply chain and logistics operations. The usage of RFID technology in automated item identification systems is gaining importance in the retail sector.

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The increasing need for RFID tags across the globe is driven by robust opportunities in the healthcare sector. In the healthcare sector, an increasing focus on RFID technology for the tracking and classification of medical instruments has been driving the demand for RFID tags worldwide.

This technology holds immense potential for improving supply chain efficiency and ensuring patient safety while reducing human errors in healthcare processes at the same time. Healthcare management and monitoring of critical care equipment represent other interesting areas of application for the RFID market.

The automotive and aerospace industry is adopting the RFID technology especially for the tracking of vehicles, inventory management of spare parts and visibility in logistics operations. Also, Vendor management has become smoother with use of RFID technology since it provides detailed performance metrics.

On the basis of FMI analysis, the RFID tags in the component segment are expected to dominate the market due to the high penetration of advanced technologies such as RAIN RFID tag in various industry verticals.

The High Frequency (HF) sub-segment in the RFID tags segment is estimated to remain dominant in terms of market share during the forecast period. On the basis of applications, the agriculture segment will be a dominating segment due to the wide adoption of RFID technology for the tagging of animals through which the farmers can easily trace them and improve supply chain efficiency.

The North America RFID market is expected to dominate the global RFID market due to the large automotive tires market in the country. The market has huge potential in China owing to major technological advancements in the healthcare, retail and consumer goods markets.

The SEA and Others of APAC RFID market will be a target market for market participants looking to penetrate the retail and consumer goods segment. Latin America is estimated to grow with an above-average CAGR over the forecast period. Brazil is expected to hold a major revenue share in the Latin America RFID market over the forecast period.

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According to FMI analysis, long-term contracts with business partners are estimated to help increase revenue and new innovation strategies are likely to enable RFID vendors to reach new growth markets. Some of the market participants in the global RFID market report include Zebra Technologies Corporation; HID Global Corporation; Thin Film Electronics ASA; Invengo Information Technology Co., Ltd.; GAO RFID Inc.; Impinj, Inc.; Xerox Corporation; Omni-ID; Alien Technology, LLC and Molex, LLC.

Radio Frequency Identification Market by Category

Component:

• RFID Tags
  • Low Frequency (LF)
  • High Frequency (HF)
  • Ultra-High Frequency (UHF)
  • Microwave Frequency
  • Ultra-Wideband (UWB)
• RFID Readers
• RFID Software and Middleware

Applications:

• Logistics and Transportation
• Aerospace and Defense
• Automotive
• Retail and Consumer Goods
• Agriculture
• Healthcare
• Government

Region

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

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The video streaming market is expected to exceed US$ 750 billion by 2031, owing to rising demand for OTT platforms. According to new data from Future Market Insights (FMI) on the video streaming market, demand will rise at a 25% CAGR from 2021 to 2031.

According to the report, the market will be worth more than US$ 73 billion by the end of 2021. According to FMI, increased demand for digital content and on-demand video streaming, as well as increased penetration of smart devices, will drive market growth.

The consumption of video content has been increasing owing to several factors such as the increasing availability of the internet and increasing demand for mobile devices. Thus technical advancements and a growing number of streaming service providers are expected to fuel the demand in the video streaming market across the globe.

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Key Takeaways: Video streaming Market

• By type, the live video streaming segment is anticipated to account for the leading share in the global video streaming during the forecast period. The segment estimated to grow at a robust CAGR of 27% through 2031.
• The demand in the OTT segment is expected to account for maximum sales in the market.
• Demand for subscription-based revenue model is estimated to grow at an impressive CAGR, as adoption of smart phones and smart devices grows following increasing penetration of high speed.
• North America is expected to lead the market followed by Europe in 2021.
• South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
• The market in India is expected to progress at a CAGR of 34% through 2031.

“Rise in consumption of digital content across smart devices, cheaper mobile data plans, and proliferation in OTT services across the world will boost the demand for video streaming services exponentially in the nest 5 to10 years.” says a FMI analyst.

Growing Adoption of Smart Phones and High-Speed Internet Technology is driving the Video Streaming Market

In recent years the adoption of smartphones has been increasing along with the penetration of high-speed internet connections. Improving access to advanced telecommunication technologies such as 3G, 4G LTE, and 5G will fuel the demand in the video streaming market across the globe.

The quality experience of live streaming videos are highly dependent on the availability of network connection facility/infrastructure and the internet availability. Also the growing demand for the smart devices that support digital media will create conducive environment for the expansion of the video streaming market.

Who is winning?

Competition within the video streaming market is growing by the day. To gain competitive edge, the market players are expected to focus on the integration of latest technologies. Some of the leading companies operating in the market are Akamai Technologies, Apple Inc., AT&T Inc., Kaltura, Inc, Walt Disney Company, Brightcove Inc., Tencent, iQIYI, Google LLC, Kaltura, Inc, Netflix, Inc., IBM Corporation, Wowza Media Systems, LLC, Hulu, LLC, Adobe Systems, Inc.,Roku Inc., and Wowza Media Systems LLC.

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Video Streaming Industry Survey by Category

Type:

• Video On-Demand
• Live Video Streaming

Content Delivery Channel:

• OTT
• Pay TV
• IPTV
• Others

Revenue Model:

• Subscription
• Pay Per View
• Premium Purchases
• Advertisement-Based Revenue Model
• Other

End User:

• Residential
• Commercial
  • Media & Entertainment
  • Education
  • Others

Region:

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

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About Us

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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Marine Electronics Market is estimated at US$ 5.2 Bn in 2022, and is projected to close in on a valuation of US$ 7.5 Bn by 2029, expanding at a CAGR of 5.3% over the said period. Surge in industrialization and globalization is resulting in an increase in demand for ships and boats, which is ultimately driving the growth of the marine electronics market.

Moreover, growing concerns regarding search & rescue, safety & security, and aid for the monitoring and navigation of marine transportation has increased the use of marine electronics devices. Furthermore, governments of various countries are also implementing various regulations for the mandatory installation of AIS in ships and boats which is, in turn, is fuelling the growth of the marine electronics market.

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Defence Industry Remains Key Revenue Contributor

The increasing demand for marine electronics solutions from the defence sector is also generating potential growth opportunities for the marine electronics market.

In order to increase coastal safety and security, the Coast Guard Office of Navigation Systems and Coast Guard Research and Development Center are working for the improvement of communication and navigation for continuous broadcast and autonomous systems. Moreover, constant research and development by the defence sector for the improvement of marine navigation and communication is one of the major factors contributing in the growth of marine electronics market.

In the past few years, ocean carriage has witnessed significant growth in European and Asian countries. Counties in these regions, such as, India, China, Japan, France, and Germany, have large logistical operations that require continuous communication and monitoring. This creates potential demand for advanced monitoring systems in these regions and therefore, key players in the marine electronics market are focusing on offering advanced marine communication and navigation systems.

FMI has segmented the global marine electronics market on the basis of component, application, and region. Based on component, the global marine electronics market is sub-segmented into hardware and software. The hardware segment is further sub-segmented into GPS & radar systems, multi-function navigation, fish finders/SONAR modules, thermal & visible cameras, marine VHF communication devices, audio/video equipment, marine autopilots, autonomous identification systems, analogue & digital communication display, and satellite TV.

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SEA&P Likely to Soon Outpace Europe

Based on application, the global marine electronics market is sub-segmented into merchant marine, fishing vessel, yachts/recreation, military naval, autonomous shipping, smart boat, and underwater drones. Among these, the underwater drones sub-segment is expected to witness a high growth rate during the forecast period, owing to the increasing adoption of underwater drones for a wide range of underwater operations and inspection activities.

In addition, on the basis of geography, Europe is expected to dominate the global marine electronics market. However, in the next few years, the SEA & Others of APAC region is expected to surpass Europe to become the leading region in global marine electronics market owing to the increasing marine activities and growing demand for advanced ships & boats in the countries of this region.

Some of the key players in the global marine electronics market research report include Navico, Furuno Electric, Garmin Ltd., FLIR Systems, Raytheon Company, Transas, Wärtsilä SAM Electronics, SRT Marine Systems, Icom Inc., Kongsberg Maritime, and Japan Radio. These companies in the marine electronics market are continually focusing on providing advanced marine electronics products and solutions by leveraging the latest technologies to enhance and expand their product portfolio with new innovations and technological advancements.

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Key Segments of Marine Electronics Industry ResearchBy Component:

• Hardware
  • GPS & Radar Systems
  • Multi-function Navigation
  • Fish Finders/SONAR Modules
  • Thermal & Visible Cameras
  • Marine Electrical Screeners
  • Marine VHF Communication Devices
  • Audio/Video Equipment
• Software

By Application:

• Merchant Marine Electronics
• Fishing Vessel Electronics
• Yacht/Recreation Boat Electronics
• Military Naval Electronics
• Autonomous Shipping Electronics
• Smart Boat Electronics
• Underwater Drone Electronics

By Region:

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

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About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
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Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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