Image Sensor Market Size Was Valued At USD 10,300 Million In 2015 And Is Anticipated To Reach $26.41 Billion By 2024: Grand View Research, Inc.

The global image sensor market is anticipated to reach USD 26.41 billion by 2024, according to a new report by Grand View Research, Inc. The industry is poised for an unprecedented growth over the forecast period owing to the rising expenditure on security & surveillance in public places across regions and increasing disposable income across the emerging and developing economies. The impact of information technology in the automotive, defense, medical, and industrial application has driven the demand for image sensors over the projected period.
Increasing adoption of technologies for improving anti-terror equipments mitigating the security lapses has demanded for better camera resolution, which has further enhanced the market growth. The IP cameras are expected to have a significant growth over the forecast period as compared to analog cameras, which is due to higher resolution, secure transmission, ability to cover more distance, high-speed recording, and lower cable cost. Consumer electronics is expected to be the key application segment having the significant penetration and is also anticipated to grow at a considerable rate over the forecast period. The leading companies in the market are seeking new revenue sources as the smartphone market is attaining maturity. This has resulted in increased demand for the image sensors in the wearable industry and other applications.
The increasing R&D expenditure on the deployment to have a raw material access is expected to compel the backward integration at the buyer’s end. For instance, Beijing-based Hua Capital Management Co., Ltd. planned to acquire U.S-based OmniVision Technologies, Inc. in 2016 to overcome the supply shortage in the market.

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

Global Image Sensor Market, 2014 - 2024 (USD Million)

 

Further key findings from the report suggest:

·         The image sensor market is anticipated to witness a considerable growth over the projected period owing to the increasing awareness of early diagnosis. Moreover, a growing number of diagnostics imaging procedures have increased the demand for imaging systems in the healthcare facilities.

·         The CMOS technology is anticipated to grow at significant CAGR over the projected period owing to the characteristics such as low power consumption, high immunity to noise, and less emission of waste heat.

·         Consumer electronics is anticipated to gain the highest revenue over the forecast period owing to the wide applications in devices such as wearable, tablets, notebooks, PCs, webcams, gaming consoles, and so on.

·         The industrial/defense application is anticipated to witness a CAGR of over 15.2% over the forecast period. The growth is attributed to the increased defense spending by countries across the region. The increasing performance of the high-end CMOS technology is competing with the CCD technology on the factory floors. Reducing the cost of mainstream cameras and sensors allows vision to be used effectively in the industrial applications.

·         The North American image sensor industry is anticipated to have a significant growth over the forecast period. The increasing per capita healthcare expenditure and prevailing large consumer base have influenced the growth in the region.

·         The key players in the image sensor market include OmniVision Technologies, Inc., (U.S.), Toshiba Corporation (Japan), and Pixart Imaging, Inc. (China). Companies are focusing on developing new products to enhance their market share.

Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry/sensors-and-controls

Grand View Research has segmented the image sensor market on the basis of technology, application, and region:
Image Sensor Technology Outlook (Revenue, USD Million, 2014 - 2024)

·         CMOS

·         CCD

Image Sensor Application Outlook (Revenue, USD Million, 2014 - 2024)

·         Automotive

·         Consumer Electronics

·         Security & Surveillance

·         Industrial/Defense

·         Medical

·         Others

Image Sensor Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/press-release/global-image-sensors-market

Smart Lock Market To Exhibit Growth At 80% CAGR For Hospitality Segment Till 2024: Grand View Research, Inc.

The global smart lock market size is anticipated to reach USD 24.20 billion by 2024, according to a new report by Grand View Research, Inc. The increasing awareness regarding the secure home solutions and a steady rise in the portable connected smart devices adoption complemented by the Bring Your Own Device (BYOD) trend surfacing across emerging and developed economies are the key factors expected to impel the market growth over the forecast period.
Increasing need for dynamic unlocking mechanism is the prime factor anticipated to drive the market over the forecast period. Cloud-based lock management solutions and home access are expected to present considerable growth opportunities to this industry. Smartphones, tablets, key fobs are increasingly being integrated with access to various locking functions which is expected to further boost market growth. The rising use of technologies such as Near Field Communication (NFC), low-power Bluetooth, and ZigBee/ Z-wave, for accessing locks is anticipated to make the growth prospects for this market very bullish.
However, the issues related to high R&D costs are expected to challenge the growth of the market. In addition, the surging adoption of inexpensive electromechanical door locks that provide enhanced security as compared to the customary mechanical locks is expected to pose challenge to the industry growth.

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

North America smart lock market by application, 2013 - 2024 (USD Million)  

 

Further key findings from the report suggest:

·         The hospitality segment is projected to grow at an estimated CAGR of over 80% from 2016 to 2024 with the increasing usage of smart locks owing to increasing security-related concerns among customers during their stay at foreign locations

·         The increasing crime rate globally has fueled the adoption of these devices in the enterprise segment. The demand across residential segment is considerably low and is limited to urban users requiring convenience and multiple user access.

·         At present, products available in the market are more or less similar and manufacturers are increasingly focusing on innovations to gain a competitive edge.Currently, installation of locks poses a challenge.Companies are increasingly developing new products so as to overcome the challenge and ensure easy installation and incorporation withinthe present mechanical door locks.

·         Asia Pacific is anticipated to witness substantial growth at an estimated CAGR of close to 70% from 2016 to 2024. The regional growth prospects can be attributed to the significant increase in new commercial as well as residential infrastructure projects across countries such as India, China, and Korea. North America is expected to emerge as a predominant region over the forecast period.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-security-systems-and-devices

Grand View Research has segmented the smart lock market on the basis of type, application, and region.

• Type Outlook (Volume, Thousand Units; Revenue, USD Million; 2013 - 2024)
• Deadbolt
• Lever handle
• Padlock
• Others
• Application Outlook (Volume, Thousand Units; Revenue, USD Million; 2013 - 2024)
• Residential
• Hospitality
• Enterprise
• Critical Infrastructure
• Others
• Regional Outlook (Volume, Thousand Units; Revenue, USD Million; 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Korea
• Latin America
• MEA

For press release of this report - http://www.grandviewresearch.com/press-release/global-smart-lock-market

Commercial Refrigeration Equipment Market To Witness Growth On Account Of Increasing Demand For Packaged Food And Beverages With High Growth In Hospitality Industry Till 2024

The global commercial refrigeration equipment market is expected to reach USD 52.52 billion by 2024, according to a new report by Grand View Research, Inc. Growing number of hypermarket and supermarket in developing regions has increased the demand of energy efficient equipment in the recent years. Rapid industrialization, rising disposable income and several other demographic shifts has led to significant change in food and beverage consumption over the past few years.
Rising capital investment with the growing emergence of food services in terms of transportation, distribution and production is anticipated to proliferate volume of shipments. Increasing use of these equipment in horticulture, processes, and seafood is also projected to contribute to the industry demand. Furthermore, the increasing international trade of frozen food items in various countries owing to the shift in food consumption trends has led to the considerable rise in demand for refrigeration products across the commercial sector.
Advances in compressor protection controls and introduction of reconfigured kitchen space with modular commercial refrigeration units are anticiapted to drive the demand for advanced technology. Modern products use evenly distributed air temperature units and appropriate humidity levels. Continuous advancements in cooling technologies have been ensuring the need for energy efficient products across the hospitality sector.
Moreover, commercial refrigeration equipment manufacturers invested considerably in R&D activities to develop advanced and innovative products. Further, in order to cater to the requirement of their customers, vendors provide installation along with services such as repairing, and maintaining systems.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/commercial-refrigeration-equipment-market

Further key findings from the study suggest:

·         Transportation refrigeration equipment segment accounted for 19% in 2015, which is expected to grow at a significant CAGR of 7.3% from 2016 to 2024. Globalization in agriculture and trade liberalization is motivating the shift towards increased preference for high nutrition and processed foods. Hence, rise in the international food trade would foster the product segment as most of the activities in the food trade require proper transportation facilities of food articles between countries.

·         Food service segment exhibited for over 32% of the revenue share in 2015 and is projected to witness significant growth over the forecast period. Development of cascade refrigeration systems with variable speed compressors are expected to escalate the industry demand across the food and beverage industry.

·         Asia Pacific is expected to witness substantial growth with a CAGR of nearly 7.5% over the forecast period. The flourishing retail and food industry in the region has led to increasing demand for innovative equipment. Further, the rising consumption of packaged food and beverages is expected to rise the industry growth.

·         Key companies operating in the commercial refrigeration equipment industry include Carrier, Electrolux AB, Daikin, Ingersoll-Rand PLC, Illinois Tool Works Inc., Dover Corporation, and Johnson Controls. Manufacturers in the industry are focusing on expanding their presence across the globe to gain market share. For instance, in 2015, Daikin Industries, Ltd. acquired Solvay S.A., the refrigeration business in Europe of Belgium Chemical Group. This acquisition will allow the company to fully expand the refrigerant business in Europe.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the commercial refrigeration equipment market on the basis of product, application, retail channel and region:
Product Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 - 2024

·         Transportation Refrigeration Equipment

·         Refrigerators & Freezers

·         Display Showcases

·         Beverage Refrigeration

·         Parts

·         Others

Application Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 - 2024

·         Food Service

·         Food & Beverage Production

·         Food & Beverage Distribution

·         Food & Beverage Retail

·         Others

Retail Channel Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 - 2024

·         Hypermarkets

·         Supermarkets

·         Convenience store

·         Specialty food store

·         Others

Regional Outlook, Revenue (USD Million) & Volume (Thousand units), 2014 - 2024

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

For press release of this report - http://www.grandviewresearch.com/press-release/global-commercial-refrigeration-equipment-market