Physical Security Market Forecast, Industry Outlook, Market Demand, Share 2014 To 2020

The Global Physical Security Market is expected to reach USD 110.09 billion by 2020, according to a new study by Grand View Research, Inc. Increasing budget allocation for physical security on account of growing security concerns is expected to boost the physical security market. Increased migration towards cloud-based security systems and convergence in applications are expected to impact market dynamics. Smart devices, infinite storage devices, next-generation analytics, and ubiquitous sensors are among the emerging technologies in the physical security market.

Cloud-based systems serve various kinds of services including Internet of Things (IoT), mobile internet connections, electronic security and third-party security practices. Smart cities are expected to be governed and managed by these smart facilities over the forecast period. Increased adoption of security systems in business organizations is expected to favorably impact market growth. However, device interoperability issues and privacy concerns against installation of physical security systems may restrain the market. Security compliances issued by international bodies and stringent government regulations is the key opportunity for the market.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/physical-security-market

Global physical security market by component (USD Billion), 2012 - 2020

 

 Further key findings from the study suggest:

• Physical security hardware systems accounted for over 70% of the market in 2013; under these products, access control has the dominant share due to sabotages on critical infrastructure zones and increasing terrorist attacks. Intrusive detection & prevention sub-segment is expected to grow over the forecast period.
• Transportation was the dominant application segment in 2013; a trend that is expected to continue over the forecast period. This can be attributed to effective transport management system and continued investment in infrastructure. Government applications are expected to witness high growth over the next six years.
• North America accounted for over 30% of the global physical security market in 2013; Asia Pacific is estimated to exhibit high growth through the forecast period. This can be attributed to shift towards security integration in developing markets, favorable government initiatives and high growth verticals generating demand for physical security.
• Key participants operating in the market include Honeywell Security Group, Cisco Systems Inc., Genetec Inc, Morpho SA, Bosch Security Systems Inc and Axis Communication AB. These manufacturers have started developing products targeted at network-based technologies; additionally, geographical expansion is expected to be a key growth strategy.

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About Grand View Research

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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Radio Frequency Components Market Forecast, Trends To 2022: Grand View Research, Inc.

The global Radio Frequency (RF) components market is expected to reach USD 17.54 billion by 2022, according to a new study by Grand View Research, Inc. Growing adoption of consumer electronics including smartphones, tablets, notebooks, set top boxes and smart televisions is estimated to fuel industry growth over the next few years. Rising consumer disposable income particularly in developing countries like India and Brazil pared with overall improvement in global economy may elevate demand significantly. Technological advancements in the field of wireless communication and development in materials used for manufacturing RF components such as Silicon Germanium (SiGe) and Gallium Arsenide (GaAs) is also expected to drive industry growth.
Increasing popularity and adoption of high speed networks such as 3G and 4G have significantly impacted demand for RF components. Technological advancement enhancing antenna efficiency by replacing traditional filters with advanced tunable filter may escalate demand over the next seven years. The industry is poised for growth owing to increasing demand across automotive industry. Increasing efforts for development of advanced and innovative wireless infrastructure may also propel product demand.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/radio-frequency-rf-components-market

India RF components market by product, 2012 - 2022 (USD Million)

 

Further key findings from the study suggest:

• Power amplifiers segment accounted for over 30% of the overall share in 2014, which is expected to increase over the next few years owing to increasing prevalence of mixed-mode 3G/4G handsets coupled with growing emphasis on LTE concept.
• Antenna switches is estimated to exhibit rapid growth over the coming years, which may be primarily attributed to increasing experimentation with switch architectures particularly in higher end handsets. Growing number of 3G/4G handsets is anticipated to broadly contribute to this rapid growth.
• Consumer electronics segment accounted for more than 60% of the global revenue in 2014, which is estimated to increase over the coming years owing to rising consumer disposable income resulting in increasing adoption of consumer electronic products. Increasing consumer spending for smartphone, tablets and other portable electronic devices may spur demand.
• North America accounted for over 30% of the global revenue in 2014. Increasing demand for better mobility solutions is estimated to drive regional market growth. Asia Pacific RF components market is estimated to exhibit dramatic growth over the coming years attributing to increasing adoption of improved connectivity solutions in the region.
• Key players in this industry include Avago Technologies Ltd., Aixtron SE, NXP Semiconductors, RF Axis, STMicroelectronics, Texas Instruments, Renesas Electronics Corporation, Fujitsu Limited, and Freescale Semiconductor Inc. Industry participants compete on the basis of development of components that offer faster access to mobile data, high performance, cost and flexibility to support the corresponding solution.

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Smart Demand Response Market Hits $24.71 Billion By 2022: Grand View Research, Inc.

The global smart demand response market size is expected to reach USD 24.71 billion by 2022, according to a new study by Grand View Research, Inc.
Increasing grid deployment is expected to favorably impact market growth. Demand response plays an important role in electric grid operation by reducing electricity usage during peak hours.
Introduction of grid technologies is expected to open avenues for the traditional energy infrastructure vendors. Smart grids when coupled with metering systems; provide information on real time consumption to the customers as well as suppliers.
Spread of ubiquitous wireless networks as well as internet access, along with the growing level of intelligence built into HVAC systems, industrial controls, lighting networks and varied other big building loads is expected to drive the automated DR market.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/smart-demand-response-market

North America smart demand response market by application, (USD Million)

 

 Further key findings from the study suggest:

• Residential segment is poised to grow at a CAGR higher than the global average, which is a direct consequence of financial incentives and rebates offered by utilities to domestic customers to persuade them in the participation of several direct load control programs. The participation of smart buildings in DR programs to protect electrical grids for the duration of peak energy demand is expected to reduce loads during high-cost periods, thereby reducing bills.
• Industrial applications contributed to over 50% of the revenue in 2014; this large share can be attributed to DR programs offered by several utilities for maximizing power utilization through adoption of high efficiency variable speed drives and motors. Industrial customers are also encouraged to participate in such programs on account of lucrative financial incentives offered to them.
• Asia Pacific contributed to over 15% of the market revenue in 2014. DR programs are expected to increase significantly in the countries of Asia Pacific. Power utilities offer initiatives to reduce peak load demand on power grids. Components of the initiative include expansion of transformation to thin-tube (T8) lamps, Time-of-Use (TOU) metering programs, high efficiency refrigerators, and promotion of compact fluorescent lamps (CFLs) which are expected to boost the DR market growth.
• The market is highly fragmented, with no particular company occupying a majority of the revenue share. The industry is characterized by companies having a strong hold over a particular region with little or no influence globally. However, through mergers & acquisitions, key participants have started expanding globally. Upcoming smart grid projects in countries such as Australia, India, China, and Japan have attracted prominent players in these regions.

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Grand View Research has segmented the global smart demand response market on the basis of application and region:

Smart Demand Response Application Outlook (Revenue, USD Million, 2012 – 2022)

• Residential
• Commercial
• Industrial

Smart Demand Response Regional Outlook (Revenue, USD Million, 2012 – 2022)

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

New Report - Human Machine Interface Market Study To 2022: Grand View Research, Inc.

The global Human Machine Interface (HMI) market is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property.

Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period.

High upfront capital and need for change in business process to integrate HMIs are key challenges anticipated to impact the industry. In addition, lack of skilled professionals and awareness on HMIs among management and lower level executives may also pose a challenge to market growth over the coming years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/human-machine-interface-market

Further key findings from the report suggest:

• Interface software market accounted for substantial revenue share in 2014. The segment is also anticipated to exhibit high growth with an estimated CAGR exceeding 10% over the next few years. This may be attributed to the increasing adoption of PC- based open source monitoring and controlling system worldwide.
• Development of new and innovative displays along with emergence of industrial internet of things may contribute towards further growth in the display terminal segment.
• Oil & gas emerged as the dominant application and accounted for over 20% of the overall revenue in 2014. This may be attributed to increasing demand from the oil & gas sector owing to the benefits offered by HMI regarding the flow of information inside a pipeline without updated monitoring capabilities for overcoming a particular problem.
• HMI offers several benefits regarding driver safety and security by integrating solutions such as ADAS, ACC and LDW, which are expected to drive demand in the automotive industry.
• North America HMI market is estimated to hold majority share and accounted for more than 30% of the consumption in 2014. Additionally, Asia Pacific is anticipated to exhibit high growth over the next few years. This may be attributed to the migration of manufacturing processes to developing regions in order to capitalize on labor cost and high availability of raw materials in this region.
• Companies operating in the industry include GE, Eaton, ABB, Honeywell, Siemens, Omron, Rockwell Automation, Emerson Electric, etc. 

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