Technology Market report

Monday, 13 April 2020

LiDAR Services Market | Industry Insights, Trends, Outlook and Key Players

The global Lidar Services Market size is expected to reach USD 2.6 billion by 2025, registering a CAGR of 14.5% from 2019 to 2025, according to a new study by Grand View Research, Inc. LiDAR services find prominent applications in the automotive industry. Further, favorable government policies regarding self-driven vehicles and advanced driver-assistance systems (ADAS) are fueling market growth.

The use of LiDAR services in autonomous vehicles is one of the major factors driving the market. Furthermore, increasing automobile production across developed and developing economies, along with the growing demand for technologically advanced electronic safety systems in vehicles, are the major factors positively impacting market growth. The implementation of stringent carbon emission norms are driving demand for next-generation technologies, such as advanced driving systems. This, in turn, is likely to drive demand for LiDAR services over the forecast period. Further, LiDAR sensors are also used for security, surveillance, and logistics in industrial automation. The extensive use of sensors in the automotive and industrial automation industry is anticipated to positively influence the market over the forecast period.

The market is anticipated to be driven by growing 3D imaging technology. The growing use of 3D imaging enabled devices, such as the robotic vision system, medical imaging device, and the 3D X-ray imaging device, are expected to boost the growth of the market. Besides, the implementation of LiDAR services in 3D imaging is expected to boost its demand in the healthcare industry.

North America held largest market share in 2018, followed by Asia Pacific and Europe. The Asia Pacific regional market is expected to witness robust growth over the forecast period, owing to the increasing awareness regarding the benefits of the techonology in the automotive and industrial automation industry. Moreover, the rise in demand can be attributed to the growth in adoption of ADAS in autonomous cars in China, Japan, South Korea, and Singapore.

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

Further key findings from the report suggest:

The GIS service segment is estimated to gain high traction in the market. As this involves advanced terrestrial laser scanning systems for data acquisition in 3-dimensional point clouds
The modelling segment is further sub segmented as city modelling and others. The city modelling segment is expected to account for maximum share in the market
The significant adoption of LiDAR in Unmanned Aerial Vehicles (UAVs) has led to the growth of the market
Increasing adoption of LiDAR mapping across different applications namely corridor mapping delivers sustainable growth opportunities for market
Maintaining operational costs is a major focus area of the suppliers in the market. As availability of low-cost services in the market creates major concern for the prominent suppliers
The emergence of a considerable number of substitutes, such as HTC Corporation, and Sony Corporation, introducing low-cost automotive imaging LiDAR sensors, is expected to challenge market growth
The key participants in the LiDAR services market are namely Fugro; GeoDigital; Harris Geospatial Solutions, Inc.; Hexagon; Kucera International; Quanergy Systems, Inc.; Quantum Spatial; and Surdex 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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4K TV Market | Industry Insights, Trends, Outlook and Key Players

The global 4K TV Market size is expected to reach USD 380.9 billion by 2025, at a CAGR of 21.2% according to a new report by Grand View Research, Inc. The evolving nature of the consumer electronic industry, advancements in graphic engines of televisions, increased pressure on manufacturers to reduce prices, and popularity of the ultra-high definition technology & its advantages have fueled the demand for UHD televisions in the past few years. Latest graphic processors permit advanced technical image formats and have improved the content quality significantly hence, they are widely used in production and distribution of UHD content. Customers are getting accustomed to using such contents, which is further anticipated to spur the market growth.

The 52–65 inches’ segment dominated the global 4K TV market in 2016 since this segment has a wide range of product offering at different price points. Moreover, the adoption of novel technologies, such as Quantum dot LEDs (QLEDs) and Super UHD (SUHD) and decreasing prices of 4K TVs are expected to catapult the segment demand over the forecast period. Televisions belonging to this range have high penetration rates as compared to the others. However, the above 62 inches’ screen size segment is expected to witness the highest growth over the forecast period owing to the declining price trend of 4K TVs coupled with increasing disposable incomes of individuals globally.

China is one of the biggest manufacturers of LCD panels for televisions. The country accounted for more than 70% of the total market share in 2016. Furthermore, North America is projected to be the highest growing region owing to the rising disposable income of the individuals and the increasing penetration of UHD set top boxes in the region.

Browse Details of Report@
http://www.grandviewresearch.com/industry-analysis/4k-tv-market

Further key findings from the report suggest:

The global UHD TV market is expected to witness a CAGR exceeding 20% from 2017 to 2025 owing to the changing consumer preference from HD to UHD technology along with increasing demand for high-end home products
Moreover, increasing penetration of ultra-high-speed internet, particularly in developed regions including metropolitan cities are expected to favorably impact the 4K TV market growth over the coming years
The 52 – 65 inches’ segment accounted for the largest share in 2016, which is accredited to increasing penetration of 4K TVs in the higher economic class; however, with decline in TV prices the above 65-inch screen size segment pose high growth opportunities
The Asia Pacific region accounted over 40% of the overall revenue share in 2016 and is also expected to dominate over the forecast period owing to the huge adoption along with declining prices of 4K televisions
A few key players who captured a significant market share in 2016 are Samsung, LG Electronics, Sony Corp., Hisense, and Sharp Corp

Machine Translation Market Size, Share, Analysis and Research Report, 2022

The global Machine Translation Market size is expected to reach USD 983.3 million by 2022, according to a new study by Grand View Research, Inc., exhibiting a 14.6% CAGR during the forecast period. The reinvention of computer-aided translational tools and growth of adaptive machine translation has considerably widened the scope of the machine translation market.

Key players are increasing their focus on developing advanced MT systems to meet growing consumer needs. For instance, Lilt Inc. has launched an adaptive neural machine translation system to use real-time feedback loop and Artificial Intelligence (AI) to boost the productivity of a human translator. Moreover, the technology is expected to offer opportunities to people for communicating and accessing information in a particular language. This system goes beyond Facebook, Inc.; Apple Inc.; and Microsoft Corporation’s product offerings.

Globalization has significantly contributed to addressing the need for linguistically diverse local audiences. Growing importance of businesses in emerging markets, creation of online content, and need for enabling global collaboration among employees is expected to drive market growth over the forecast period.

Need for organizations to localize their content in several languages to capture international markets is expected to bolster demand for MT systems. Adoption of such systems and instant web publishing requirements is further expected to improve user experience by developing multilingual engagement across different content types.

Growing importance of cloud computing has resulted in increasing demand for cloud-based translation tools. Moreover, delivery of Machine Translation Software-as-a-Service (MTSaaS) over secure cloud offerings accommodated in data centers is expected to offer considerable growth opportunities.

The convergence of Translation Memories (TM) and MT is expected to fully integrate workflows. TM store sentences and paragraphs that were previously translated to aid human translators, accelerating translation projects and reducing costs. Furthermore, the industry has gravitated toward the use of Bilingual Evaluation Understudy (BLEU) as a useful measurement of translation quality. BLEU is a method for automatic evaluation of MT, which is inexpensive and language independent.

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

Further key findings from the study suggest:

The automotive and electronics industries are anticipated to gain substantial market share by 2022 owing to need for timely and accurate translation of large amounts of content in various application segments
The MT market in automotive applications is expected to value around USD 140 million by 2022
Existence of a large number of players and government initiatives supporting machine translation has impacted industry growth positively in U.S. Google Inc. and Microsoft Corporation have made SMT technology popular with their free online engines in the country
Demand for Statistical Machine Translation (SMT) has significantly increased over the past few years, due toits effectiveness over Rule-Based Machine Translation (RBMT) in terms of time and cost
SMT contributed to more than 65.0% of the overall MT market revenue
Key players in the industry include IBM Corporation; SDL PLC; Lionbridge Technologies Inc.; Asia Online Pte Ltd.; and Lighthouse IP Group.

LED Driver Market Analysis, Segmentation and Future Forecasts, 2025

The global LED Driver Market size is expected to reach at USD 11.31 billion by 2025, according to a new report by Grand View Research, Inc. The light-emitting diode driver market is projected to expand at a CAGR of 16.3% over the forecast period. LEDs have emerged as an energy-efficient alternative to traditional light sources in the last decade; thus, they have extensive demand in lighting and display segments across several industries. LED lighting is replacing the traditional lighting products due to their benefits, such as longer life, higher energy-efficiency, miniaturization, lower heat output, and directionality.

Moreover, rising demand for IOT-based connected lighting solutions due to the rising number of smart homes in developed countries will contribute to the LEDdrivermarket growth. Furthermore, governments of various countries have launched Smart City initiatives to improve the energy-efficiency of populated cities, which is anticipated to boost the market further. Demand for the constant current LED driver has witnessed exponential growth from 2015 to 2018; these drivers are widely used in high brightness and outdoor lighting applications.

The consumer electronics segment is the largest application segment in the market as LEDs have extensive demand in television and display panels applications. Many leading manufacturers are collaborating with other companies to deliver public lighting systems to cities around the world connected with remote management for energy saving and efficient maintenance. For instance, Philips Lighting N.V. has collaborated with Vodafone Limited to deploy IoT-based wireless Smart Street lighting across the globe.

There is a high demand for energy-efficient and highly reliable products with a smaller system package and lower cost for applications in the low- to mid-power range. To meet these requirements, manufacturers are incorporating Primary-Side Regulation (PSR) to lower the costs by eliminating secondary feedback circuitry and Power-Factor Correction (PFC) circuitry for higher power quality.

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

Further key findings from the study suggest:

The constant current segment is anticipated to expand at the highest CAGR of 16.7% from 2019 to 2025. These type of drivers provide greater system reliability for general lighting applications
The application lighting segment is anticipated to witness the maximum CAGR of 18.6% over the forecast period
On the other hand, consumer electronics application segment is estimated to account for the largest market share by 2025
Asia Pacific led the market in 2018 and is projected to maintain the dominance throughout the forecast years due to stringent regulations across region, which fuel the demand for efficient lighting solutions
Key industry participants include AC Electronics; Atmel Corp.; Cree, Inc.; General Electric Company; Koninklijke Philips N.V.; Lutron Electronics Co.; On Semiconductor Corp.; and Osram GmbH

Tuesday, 7 April 2020

Automotive Hypervisor Market Size Worth $698.2 Million By 2025

The global Automotive Hypervisor Market size is expected to reach USD 698.2 million by 2025, growing at a CAGR of 33.2% from 2019 to 2025, according to a new study by Grand View Research, Inc. The use of automotive hypervisor technology has increased owing to its growing demand in automotive production and vehicle parc. The upsurge in vehicle production is creating intense competition among the players, leading to high investments in research and development activities. The hypervisor technology offers various feature enhancements such as telematics, Advanced Driver Assistance System (ADAS) and benefits such as security, infotainment, communication, and connectivity in vehicles.

The market is expected to gain momentum owing to advancements and innovation in virtualization technology. Hypervisor technology facilitates real-time communication between vehicle-to-vehicle & vehicle-to-environment. The use of increased number of ECUs and different network interface is leading to complexities in vehicle functionality. The use of gateways and electronic devices enable reliable and secure communication between a vehicle’s electronic systems. A hypervisor maintains network functionality and offers improved communication for the same.

The use of hypervisor technology in vehicles increases the cost of production and hence, the technology is primarily featured in luxury vehicles. This is expected to drive the growth of the luxury vehicles segment over the forecast period.The unavailability of a strong data network leads to delay in information transfer and ADAS failure. ADAS failure further creates a delay in sharing information related to route, traffic jam, and obstacles. The hypervisor technology is used to share information in real time and hence, helps reduce accidents.

The major players in the market are collaborating with each other to improve the automotive hypervisor technology. For instance, in February 2019, Green Hills Software LLC announced a strategic partnership with Cadence Design Systems, Inc. This initiative was undertaken to leverage their individual strengths for enhancing embedded system security and safety while hastening growth for both companies.

Asia Pacific region dominated the automotive hypervisor technology market in terms of revenue in 2018 and is expected to grow at the highest CAGR over the forecast period. Original Equipment Manufacturers (OEMs) are setting up production plants in the countries of this region owing to low labor and maintenance costs. This is expected to drive the growth of the Asia Pacific market.

One of the challenges faced by the market is the lack of standards related to automotive virtualization. Currently, the only regulation to be followed by the market players is ISO 26262, a functional safety standard that regulates electronic and electrical systems throughout the product development lifecycle, from development to decommissioning. The lack of cybersecurity standards across the globe is leading to issues related to hacking. National Institute of Standards and Technology’s Cybersecurity Framework (U.S.),EU’s Regulation against Geo-IP-based blocking of EU member countries or economies (EU), and others have introduced cybersecurity standards.These standards are to be mandatorily followed by the automobile providers while manufacturing autonomous vehicles.

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

Further key findings from the report suggest:

The type 2 segment is expected to register the highest CAGR over the forecast period as these hypervisors allow various virtual machines to run simultaneously using different operating systems
The passenger cars segment is expected to grow at a significant pace over the forecast period owing to the growing concerns pertaining to the safety and security of passenger cars
The growing initiatives undertaken by governments in the developing countries to improve electric vehicle parc are expected to create new growth opportunities for the market players
The increasing production of autonomous cars with entertainment and infotainment systems is creating growth opportunities for the players in the automotive hypervisor market
The key players in the market include Continental AG; Renesas Electronics Corporation; NXP Semiconductor N.V.; Wind River Systems, Inc.; Green Hills Software LLC; Sasken Technologies Ltd.; and Mentor Graphics Corporation.

Emission Monitoring Systems Market | Ametek, Inc.; ABB Ltd.; Emerson Electric Company

The global Emission Monitoring Systems Market size is expected to reach USD 4.43 billion by 2025, expanding at a CAGR of 8.6% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Increased deployment and usage in oil and gas, power generation, and metals and mining industries in emerging economies such as China and India are expected to drive the growth.

Emission Monitoring Systems (EMS) have enabled companies to accurately detect, report, and reduce the concentration of harmful gases and improve air quality. The deployment of EMS has also helped regulatory agencies and departments to efficiently monitor emissions from various industries such as oil and gas, metals and mining, and chemical and fertilizer. Technological advancements such as predictive analytics and the development of sensitive and advanced sensors have significantly contributed to the growth of the emission monitoring systems market.

Recognizing the negative consequences of harmful gases into the atmosphere, governments across the globe have taken major steps to monitor and reduce emission levels. Changing regulatory framework, stringent emission standards, and improvement in the data reporting process are also some of the significant factors driving the market growth. Apart from these, growing investment in environmental management, along with personnel health protection are promoting the adoption of EMS.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/emission-monitoring-systems-market

Further key findings from the study suggest:

CEMS segment is expected to expand at the highest CAGR of 8.7% over the forecast period owing to increased adoption of these systems in oil and gas upstream and downstream
Development of PEMS capable of higher accuracy in emission detection is further expected to drive the demand and adoption of the systems by major companies in oil and gas, power generation, and chemical and fertilizer industries
Hardware segment presently leads the emission monitoring systems market and is also anticipated to be the fastest growing segment over the forecast period. Stringent government regulations and air quality standards by the Environmental Protection Agency (EPA) and European Committee for Standardization of emission monitoring are expected to have a positive influence on growth in U.S. and Europe, respectively
Asia Pacific is expected to register the highest CAGR from 2019 to 2025 due to the establishment of new refineries and capacity enhancement of existing refineries to meet the rapidly growing crude oil consumption
The key industry players include Ametek, Inc.; ABB Ltd.; Emerson Electric Company; General Electric Company; Horiba Ltd.; Enviro Technology Services Plc.; Fuji Electric Co., Ltd.; Siemens AG; Thermo Fisher Scientific Inc.; and Rockwell Automation, Inc.; among others.

U.S. Automotive Battery Aftermarket: Current Trends and Future Opportunities

The U.S. Automotive Battery Aftermarket size is expected to reach USD 4.2 billion by 2025 at a 1.4% CAGR during the forecast period, according to a new study by Grand View Research, Inc.Worldwide sales of electric vehicles are anticipated to increase significantly over the forecast period, which will emerge as one of the key factors boosting market growth.

A notable rise in availability of charging outlets and financial incentives for manufacturing Hybrid electric vehicles (HEVs) has emerged as a crucial factor for the growth of the electric vehicle market in the recent past. Lower running cost of electric vehicles compared to that of conventional Internal Combustion Engine (ICE)-operated vehicles is also expected to bolster market growth. Various government regulatory agencies have implemented policies that support increased usage of electric vehicles globally. In addition, environmental issues, such as increasing levels of pollution, energy depletion, global warming, and biological hazards, are leading to a substantial shift in consumer preferences from conventional vehicles to electric vehicles.

Leading manufacturers of electric vehicles are also increasingly incorporating eco-friendly materials in their production mechanisms. Ford, for instance, has started using bio-based and recycled materials to manufacture external structures of its electric vehicles. Nissan, on the other hand, is using a different approach to being environment-friendly when it comes to its electric vehicles. The company extensively uses old car parts, water bottles, and plastic bags to manufacture interior and exterior parts of these vehicles.

The automotive aftermarket is witnessing a dynamic phase change in customary automotive component sales and delivery paradigms with the convergence of digitalization and auto repair and maintenance service delivery techniques. Several start-ups have surfaced in the industry, delivering custom-made components at economical rates. For instance, CarParts.com and US Auto Parts Network, Inc. are leading global auto spare parts suppliers for maintaining vehicles. These start-ups also suggest an estimate for the right price to be paid for an auto component along with recommendations for customizations.

Similarly, ‘Auto Parts Warehouse’ allows users to compare and get components at economical rates with ease and delivers instant quotes for battery replacement and maintenance. This convergence enables component suppliers to provide pickup and drop services even from remote locations in cases of repair and replacements. Digitalization has, thereby, enabled transparency in auto repair and maintenance service delivery. Digitalization in automotive component suppliers has enabled OEMs to deliver directly to the customer’s home or office from across the globe, at the click of a button.

However, fluctuating raw material prices are hampering the growth of the U.S. automotive battery aftermarket. Lead oxide, sulfuric acid, and polypropylene are key raw materials used to manufacture batteries. Polypropylene, which is used to make cases for batteries, is derived from carbon compound and petroleum. Crude oil and natural gas derivatives are the primary feedstock used to produce polypropylene. Therefore, fluctuation in prices of crude oil and natural gas plays a key role in structuring the cost dynamics of plastics used for battery manufacturing.

Crude oil witnessed tremendous fluctuation in prices over the past few years owing to the large supply-demand gap. As a result, several nations implemented policies in order to stock up on crude oil resources to maintain constant internal supply. Volatility in prices of crude oil also has a direct impact on the manufacturing cost of its downstream derivatives.

Key manufacturers and distributors are continuously expanding their service reach by resorting to geographical expansion and mergers and acquisition across U.S. states. In April 2017, for instance, A123 Systems, LLC announced plans to construct a new headquarter in Michigan. This strategy is likely to help the company in amplifying its presence in U.S. over the near future. In June 2014, the company acquired intellectual property-related assets of Leyden Energy, based in California, U.S., and China. This strategic acquisition is projected to benefit the company in gaining access to the latter’s lithium-ion technology and battery materials, thus widening the former’s technological expertise.

In U.S., most automotive aftermarket batteries are manufactured by three leading companies, namely East Penn Manufacturing Company, Exide Industries Ltd., and Johnson Controls. These companies offer batteries under various brand names, which manufactures batteries according to desired specification of retailers, so the specifications of their products may vary. Johnson Controls, which supplies batteries to more than half market, announced in November 2018 that it has agreed to sell its power solutions business, which involves automotive battery business, to Brookfield Business Partners L.P. The transaction was valued at nearly USD 13.2 billion.

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

Further key findings from the report suggest:

Rising investments and initiatives aimed at developing Hybrid Electric Vehicles (HEV) are expected to propel market growth. For instance, the U.S. American Recovery and Reinvestment Act grants funds to private and government entities to develop HEVs
By distribution channel, the e-commerce segment is expected to exhibit the highest CAGR of 5.5% over the forecast period
A123 Systems, LLC; East Penn Manufacturing Company; EnerSys; Delphi Technologies; Exide Technologies; Johnson Controls; NEC Corporation; Samsung SDI Co., Ltd.; Tesla, Inc.; and Interstate Battery System of America, Inc. are some of the key players in the U.S. automotive battery aftermarket.