Technology Market report

Monday, 6 April 2020

Germany Automotive Aftermarket is Predicted to Register 1.1% CAGR till 2025

The Germany Automotive Aftermarket size is expected to reach USD 23.4 billion by 2025, registering a 1.1% CAGR from 2019 to 2025, according to a new study by Grand View Research, Inc. The market is expected to be driven by technological advancements, shift in competitive power with the rise of new players, and evolving customer expectations.

Germany is among the most prominent automotive vehicle manufacturer countries and reports the most significant demand and sales for automobiles. Moreover, vehicle parc has witnessed substantial growth in the last few years owing to surging vehicle sales. Significant vehicle parc has led to increased replacement of various automotive parts, which will translate to high growth opportunities for the market. Furthermore, online retail tailored services and innovative business models will support the growth of aftermarket parts over the forecast period. Most market players in the value chain, from OEMs and OESs to wholesalers, workshops, and insurers, are looking to benefit from online automotive parts sales, which is further estimated to give the market a boost.

Another fact supporting online automotive parts sales is that 70% of the people residing in Germany have regular internet access. Online aftermarket channels have grown at a faster pace in the country and this is expected to provide lucrative opportunities for accessories and spare parts providers. Some spare parts wholesalers have also developed online concepts, which is based on online shops as well as offering via third-party retail providers. This is expected to benefit market growth in the coming years.

There has been a significant ongoing revolution in the aftermarket, specifically in the sales and distribution channel segments. Small players have to fulfill customer requirements in order to keep up with the competitive pace of top players. This requires electronic tools with specialization in basic service models in order to retain or strengthen their position in the market. Automotive centers, franchise operations, and fast fitters are emerging as a prominent service chain in the market for certified part sales. This trend is influenced by the sales of the independent market and substantial rise in do-it-for me (DIFM) and do-it-yourself (DIY) customers.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/germany-automotive-aftermarket

Further key findings from the report suggest:

In terms of replacement part, the wheels segment is estimated to gain high traction in the market. Rising performance of wheels with aluminum and magnesium materials has fueled the adoption of the same
By distribution channel, retailers accounted for the dominant market share in 2018. However, growth in the segment is expected to be rather slow, allowing wholesalers and distributers to overtake its lead position by 2025
While original equipment manufacturers held the lead in 2018, in terms of sales channel, the DIY and DIFM segments are anticipated to register significant traction over the coming years, owing to the sustainable growth of e-commerce
Based on certification, the genuine parts segment is expected to retain the lead position over the forecast period. Certified parts will register the fastest growth through 2025
Key participants in the Germany automotive aftermarket include namely 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, and Federal-Mogul Corporation.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Electric Mobility Market: In Depth Analysis Report by Product and Region

The global Electric Mobility Market size is expected to reach USD 489,315.6 million by 2025 and register CAGR of 21.6% from 2019 to 2025, according to a study conducted by Grand View Research, Inc. Electric mobility, or E-Mobility or Electro Mobility is increasingly accounting for a significant share of the global automotive industry and is changing the way mobility as a concept is conceived by the end-user. Governments across the globe are proactively adopting strategies promoting the adoption of electric vehicles (EVs) with an aim of reach the goals related to climate change, dependence on oil, local air quality, and industrial development. Government initiatives aimed at reducing the global carbon footprint by minimizing the consumption of conventional fuel, bringing down the cost of environment-friendly and high-capacity batteries, and the growing consumer preference for shared mobility are expected to drive the market over the forecast period.

Advances in E-sharing mobility services such as shared taxi, ride sharing, and E-bike and car sharing are expected to increase the consumption of EVs use globally. However, a lack of consumer awareness pertaining to maintenance cost of EVs is a primary barrier to their widespread adoption. Although the upfront cost of an EV exceeds that of cars powered by IC engines, the reduction in battery cost have ultimately reduced the costs of EVs to a great extent over the past four years. These favorable trends with respect to cost, combined with changing consumer preferences, are likely to enhance the adoption of EVs, thereby augmenting the growth of the global market for electric mobility.

Geographically, Asia Pacific accounted for over 53% E-mobility market share in 2018. This is majorly due to presence of some of the leading producers of EVs in countries such as Japan, and China. Moreover, several countries in the region are planning to ban the sales of internal combustion engines and have set goals to achieve a certain share of EVs in their vehicular fleet by certain years in the near future to promote the uptake of cleaner vehicles. For instance, the Indian government has decided to increase financial support for EVs to up to USD 1.3 billion under its second phase of Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles (FAME II) scheme.

Some of the key players in the market for E-mobility are Zero Motorcycles, Inc., Kinetic Green Energy & Power Solutions Ltd., General Motors, Terra Motors, BYD Company Ltd., Vmoto Limited ABN, Continental AG, Mahindra Electric Mobility Limited, ALTA MOTORS, Tesla, Accell Group, and Nissan Motor Corporation. The transition to electric mobility is opening lucrative opportunities for the existing as well as new market entrants to operate with new business models across the value chain of the market. Leading companies are focusing on acquisitions and expansion opportunities to tap a larger share of the market.

Browse Details of report @
https://www.grandviewresearch.com/industry-analysis/electric-mobility-market/

Further key findings from the report suggest:

Based on battery, the Li-ion segment is likely to register the highest CAGR of 23.8% over the forecast period. Remarkable growth prospects exist in the Li-ion battery market as battery suppliers and manufacturers strive to offer safe, reliable, and cheap battery solutions with improved energy density, making EVs a feasible option for consumers
In terms of product, the electric car segment accounted for the dominant revenue share of the electric mobility market in 2018 and is estimated to retain its dominance over the forecast period as well
By voltage, the 24V segment held the dominant share in the market in 2018 and is likely to continue to account for a significant share over the forecast period as well. However, the demand for segment of greater than 48V is anticipated to substantially rise in the near future
Asia Pacific is expected to be the largest regional E-mobility market over the forecast period owing to massive investments in vehicle charging infrastructure for electro mobility services and is expected to reach USD 274,200.2 million by 2025
Zero Motorcycles, Inc., Kinetic Green Energy & Power Solutions Ltd., General Motors, Terra Motors, BYD Company Ltd., Vmoto Limited ABN, Continental AG, Mahindra Electric Mobility Limited, ALTA MOTORS, Tesla, Accell Group, and Nissan Motor Corporation are some of the leading vendors in the market.

Location Intelligence Market: Current Trends and Future Opportunities

The global Location Intelligence Market size is expected to reach USD 32.8 billion by 2027, expanding at a CAGR of 15.2 % according to a study conducted by Grand View Research, Inc. Growing penetration of smart devices coupled with the rising demand for data-rich location solutions to increase customer engagement and drive operational efficiency is expected to bolster the growth. Increasing penetration of network infrastructure and smart devices paired with rising digitalization has enabled organizations to collect user information, which in turn is anticipated to further spur the market growth.

Location intelligence is a subcategory of the IoT concept that enables businesses to identify consumer trends, customer behaviour, and a variety of information regarding niche markets for the organizations to make better decisions, deliver better products and services, and to mitigate the uncertainties in the market. Organizations are incorporating real-time location monitoring capabilities in various devices, especially smartphones, for monitoring and recording the geographic position of consumers to be able to analyze trends, improve customer experience, and optimize business operations. Owing to the benefits offered, organizations are more inclined toward implementation of location intelligence services thus spurring the market growth.

Additionally, the booming smartphone and smart devices industry in Asia Pacific (APAC) region is expected to drive the growth of the location intelligence market. The steady rise in investments in IoT technologies, increasing number of smartphone users, and rising spending on connected devices in APAC countries are the factors predicted to fuel the market expansion over the forecast period. However, lack of network infrastructure, data privacy concerns, lack of awareness, and other operational challenges and risks can hinder the growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/location-intelligence-market

Further key findings from the study suggest that:

North America accounted for the largest market share in 2019, owing to the highest adoption of IoT and the presence of key players such as Google, Apple, Qualcomm, HERE, Bosch, and GE
The European Commission is heavily investing in IoT infrastructure and location intelligence technologies thereby aiming to accelerate the regional growth
Asia Pacific is expected to experience the fastest growth over the forecast period, owing to the rising number of smartphone users, enhancement of networking technologies, increasing number of service providers, and rise of social media
The transportation and logistics vertical segment accounted for over 19% market share in 2019. Rising adoption of innovative location intelligence tools, owing to rapid technological advancements in network communication, location determination techniques, and sensor technologies is expected to influence the growth
2019, Sales and marketing optimization and customer management applications account for market shares of over 20% and 17% respectively. These applications enable organizations to assess spending patterns, consumer behaviour, and forecast sales enabling them to optimize profitability

Flow Meters Market is Predicted to Register 5.8% CAGR till 2027

The global Flow Meter Market size is estimated to reach USD 12.3 billion by 2027, registering a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. The penetration of IoT has helped the evolution of smart flow rate measurement solutions, leading to an increased demand for intelligent flow meters. The adoption of flow meters is expected to increase as rapid urbanization triggers the need for better water and wastewater management.

The market has been segmented on the basis of product, application, and region. Based on product, the market has been classified into Differential Pressure (DP), Pressure Displacement (PD), magnetic, ultrasonic, Coriolis, turbine, vortex, and others (variable area, multiphase, thermal, and others). The magnetic segment accounted for the largest share of the global flow meters market in 2019. However, the ultrasonic and Coriolis segments are expected to grow at the highest rate over the forecast period owing to the advancements in technology that have made ultrasonic and Coriolis flow meters more reliable and accurate than their counterparts.

Coriolis meters enhance the reliability, accuracy, and efficiency of liquid flow rate measurement. Furthermore, the integration of IoT in flow rate measurement solutions has helped transform Coriolis meters into intelligent flow meters. Hence, the adoption of these meters is expected to grow significantly over the forecast period. Extensive adoption of Coriolis flow meters by the oil & gas, chemical, and refinery sectors is projected to drive the growth of the overall product segment over the forecast period.

Based on application, the flow meters market has been segmented into oil and gas, power generation, water and wastewater management, chemical, pulp and paper, food and beverage, and other application sectors. The water and wastewater segment is expected to witness robust growth over the forecast period owing to rapid urbanization in various parts of the world, particularly in Asia Pacific, South America, and Africa. These regions have aggressively started to adopt efficient solutions for the treatment, control, monitoring, and regulation of water supplies and management of wastewater, thereby driving the demand for flow rate measurement solutions and instruments.

On the basis of region, the market has been segmented into North America, Asia Pacific (APAC), Europe, South America, and Middle East and Africa (MEA). Europe dominated the global market in 2019 as the region is home to several manufacturers and product innovators of flow rate measurement solutions and services, including flow meters. However, APAC is expected to witness the highest growth rate over the forecast period owing to the rapid urbanization underway in APAC countries, which would subsequently trigger the need for adequate power generation and efficient water and wastewater management. The market in India is likely to witness a significant boost over the forecast period on account of the growing need for expanding fuel refining capacity in the country.

With emerging economies in Asia Pacific such as China, India, and other Southeast Asian nations witnessing rapid industrialization, regional manufacturers and providers of flow rate measurement solutions are forming collaborations and partnerships with global players to cash in on opportunities prevailing in the regional as well as global markets. Regional players are also improving their customer engagement activities and enhancing their portfolio of products and services.

General Electric (U.S.), ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), Yokogawa Electric Corporation (Japan), and Hitachi Ltd. (Japan) are some of the major providers and vendors of flow rate measurement solutions. Market players are constantly emphasizing on product innovation and enhancing their products and solutions. With the lucrative opportunities the oil and gas, petroleum, chemicals, and water and wastewater management sectors offer, manufacturers focus on meeting the various requirements of these sectors in particular.

Apart from the analysis of the global market for flow meters, the report analyzes the facts and key industry trends prevailing in custody transfer application, which is one of the prominent applications of flow meters in the oil and gas sector. The report also highlights how the unstable dynamics of the oil and gas sector would affect the adoption of flow meters worldwide.

Strategic profiling of the prominent industry participants across the globe highlights various aspects of these players such as company overview; financial performance; product categorization with their features, applications, and types; and strategic and recent developments, which have been covered in the research report. Moreover, the report offers an extensive list of other industry players operating in the market, value chain analysis, as well as product mapping of prominent vendors and manufacturers of flow meters. Overall, the study offers in-depth analysis, insights, and a holistic view of the entire market.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/flow-meters-market

Further key findings from the report suggest:

Water and wastewater is likely to dominate the application segment through the forecast period owing to the increasing initiatives taken by several governments for water and wastewater management
Businesses in Middle Eastern countries such as Iran, Iraq, and Syria are highly vulnerable to political instability. Businesses in other Middle Eastern countries such as UAE, Saudi Arabia, Oman, and Qatar focus on expanding their presence by establishing friendly relations with eminent manufacturers in Western countries
One of the key factors supporting the product demand over the forecast period is the integration of IoT in flow meters, which has led to the introduction of smart flow rate measurement solutions
Custody transfer application in the oil and gas sector is one of the key applications creating lucrative opportunities for ultrasonic and Coriolis flow meters
Asia Pacific is expected to grow at the fastest rate over the forecast period owing to substantial demand and adoption of flow meters in various application sectors, particularly in China, India, and Southeast Asian countries
Flow meter market key participants are ABB (Asea Brown Boveri) Ltd., Emerson Electric Co., General Electric (GE), KROHNE Messtechnik, Höntzsch GmbH, Siemens AG, Hitachi, Ltd., and Yokogawa Electric Corporation

Friday, 3 April 2020

Interactive Video Wall Market Analysis, Outlook and Forecast to 2025

The global Interactive Video Wall Market size is expected to reach USD 8.4 billion by 2025, registering a CAGR of 10.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of interactive video walls in educational institutes is expected to drive the growth. The market growth is ascribed to the rising demand for digital classrooms that allow students to work together for cooperative learning.

Interactive video walls enabled with multi-touch functionality are extensively used in museums to enable customized/personalized viewing experience to visitors. The demand for interactive video walls equipped with LED displays has increased over the last few years. LED displays provides better clarity and are portable, thereby increasing the demand for such walls among museums.

Furthermore, the growth of interactive video wall market is attributed to an increase in the adoption of interactive display technologies, such as interactive tables and interactive kiosk, among others especially in North America, which currently accounts for the largest revenue share. The media sector is witnessing a paradigm shift in terms of advertisement display methods. Interactive video walls are used as an advertising medium by several companies to attract a larger group of the crowd and grab the attention of passers-by.

Browse Details of Report@
https://www.grandviewresearch.com/industry-analysis/interactive-video-wall-market

Further key findings from the study suggest:

Custom layout segment is anticipated to register considerable growth over the forecast period, on account of the benefits offered in terms of viewing flexibility, thereby augmenting their adoption across museums, conference rooms, and corporate, and healthcare sector among others
LED display segment accounted for the largest market share in 2018, on account of the benefits offered by the product in terms of bezel less sleek design, superior image quality, and energy efficiency, among others
North America is anticipated to continue leading the global interactive video wall market over the forecast period, attributed to the presence of large number of shopping malls using interactive technologies coupled with presence of large number vendors/manufacturers offering interactive touch video wall solutions
Key market players include Christie Digital System Inc.; eyefactive GmbH; Prestop B.V.; IDEUM; Intermedia Touch; Planar; Panasonic Corporation; MultiTaction; Pro Display; and Leyard; among others. New product development remains the major strategy adopted by the leading manufacturers

Virtual Sensors Market Analysis, Outlook and Forecast to 2025

The global Virtual Sensors Market size is expected to reach USD 1.4 billion by 2025, expanding at a CAGR of 27.2%, according to a new report by Grand View Research, Inc. Growing use of virtual sensors in the human activity recognition and in the healthcare domain is driving the market. Implementation of cloud platforms integrated with IoT applications is driving the market growth.

A virtual sensor is expected to achieve multiple objectives built for a specific purpose and result in a meta-analysis about its environment. These circuits can range from very simple to very complex design and undergo changes to produce a desired output. The device is an intangible form of sensor which is activated via two kinds of input, one from user and other from physical sensor. However, virtual sensors, in terms of capabilities are much beyond physical devices that can work individually and collectively irrespective of their physical counterparts.

Trends such as new product launches and agreements are likely to be witnessed in the market. In order to enhance industrial facilities, GE offers virtual sensors to reliantly work on predix, which is a cloud-based platform mainly used in the industrial space. Moreover, Siemens AG is working on digital twin technology for the development of virtual sensing solution for its customers. Siemens AG has developed Simcenter solution that is combining the system simulation and 3D CAE for predicting the performance parameters earlier and throughout the product lifecycle.

The solutions segment is expected to witness largest virtual sensors market share over the forecast period. This is attributed to advent of industry 4.0 and rising demand for cloud-based solutions in the manufacturing facilities. Such solutions are anticipated to promote the robot guidance operations by sensing and reducing accidents.

The market in Asia Pacific offers lucrative growth opportunities in terms of technology output, competitive advantage, and relevancy. In addition, the market witnesses a high influx of investments by stakeholders in various verticals pertaining to product development. Compliance policies and government regulations are pivotal in creating a sustainable market development. North America is expected to hold largest market share over the forecast period. This is attributed to rising demand for IoT cloud models and continuous innovations in the field of VR. In addition, growing adoption of advanced technologies among the companies in the region is driving the market growth.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/virtual-sensors-market

Further key findings from the report suggest:

The service segment is anticipated to witness higher growth owing to growing training and consulting activities for imparting significant knowledge and advantages of virtual sensors
The cloud deployment segment is expected to witness a steady market growth, which can be attributed to the rise in use of IoT approach
The aerospace and defense segment is accelerating the product demand for enhancing the passenger’s safety and safer flight operations
The key players in the virtual sensors market are Siemens AG, General Electric Company; Aspen Technologies, Inc.; Elliptic Laboratories A/S; and Tactile Mobility.

Predictive Maintenance Market Size Worth $28.24 Billion By 2025

The global Predictive Maintenance Market size is expected to be valued at USD 28.24 billion by 2025, expanding at a CAGR of 37.9% over the forecast period, according to a study conducted by Grand View Research, Inc. Growing demand for IoT and big data along with rising concerns in the organizations regarding asset maintenance and operational costs is expected to drive the growth. Moreover, deployment of predictive maintenance solutions can help organizations in reducing the downtime costs by accurately predicting asset failures.

The deployment of predictive maintenance solutions is not limited to the manufacturing sector. These solutions are now increasingly being deployed in energy and utilities, IT and telecommunication, and automotive and transportation, among others. Growing adoption of these solution in various sectors is anticipated to support the market growth over the forecast period.

Companies operating in the predictive maintenance market are also integrating sensor-based technologies with the predictive maintenance solutions to deliver an efficient solution to users. Additionally, the venders are also investing in R&D of remote maintenance solutions. The remote predictive maintenance solution is anticipated to support the maintenance activities in remote locations and also for unsafe working conditions.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/predictive-maintenance-market

Further key findings from the report suggest:

A rise in deployment of customized predictive maintenance solutions is the key trend driving the growth of the integrated segment
Training and consulting services segment is expected to reach USD 1,991.8 million by 2025 owing to the growing need for skilled workforce for operating predictive maintenance solutions
Demand for cloud-based predictive maintenance solutions is likely to witness a rise owing to cost-effectiveness and easy maintenance of produced data through these solutions
Small and medium enterprise segment is projected to witness remarkable growth over the forecast period owing to reduce the operational costs associated with downtimes
Growth of the aerospace and defense segment is being driven by the growing demand for effective flight operation and avoidance of mishaps or accidents due to failure of any component within the airplane
Asia Pacific predictive maintenance market is anticipated to witness the highest growth owing to rising adoption of deep learning and artificial intelligence technologies in the region
Key players operating in the market include IBM Corporation; Microsoft Corporation; SAP ERP; General Electric Company; Siemens AG; Schneider Electric SE; Software AG; Accenture plc; Honeywell International Inc.; and Cisco Systems, Inc.