Wednesday, 20 January 2016

Microcontroller Market Size Worth USD 26.98 Billion By 2020: Grand View Research, Inc.



The global microcontroller market is expected to reach USD 26.98 billion by 2020, according to a new study by Grand View Research, Inc. Advancement in Internet of Thing (IoT) applications in order to build smart devices is expected to drive the industry demand over the next six years. Surging demand for automation across several end-use industries including industrial, automotive and consumer electronics is anticipated to further catapult MCU demand. Growing adoption of connected cars in several developing regions such as Asia Pacific may positively impact MCU market growth
Development several wireless communication products such as Near Field Communication (NFC), Bluetooth, and ZigBee constitute MCUs. Large scale migration from conventional to smart grid and better regulatory scenario in order to produce energy efficient electricity is expected to boost industry demand over the forecast period. This is also anticipated to be a key growth opportunity for industry participants.

Further key findings from the study suggest:
  • 32-bit microcontroller market is anticipated to dominate demand with over 34% share in 2013; the segment is further expected to exhibit substantial growth in terms of revenue over the next six years. 32-bit microcontroller provides high performance, greater on-chip memory, and peripheral integration as well as communication interface. Increasing regulations and standards for emissions may further positively impact segment growth.
  • Automotive segment accounted for more than 30% of the share in 2013, and is expected to dominate the MCU industry over the next six years. This can be attributed to the growing adoption of hybrid and electric vehicle and growing need for energy efficient design in countries with stringent emission laws.
  • Consumer electronics is expected to exhibit substantial growth and occupy sizable market share over the next few years. Smartphone proliferation is expected to be the key driver for industry growth. Surge in adoption of smart and connected devices for better and healthy living may further increase demand over the forecast period.
  • Asia Pacific is expected to dominate MCU industry over the next six year. The region is also anticipated to witness substantial growth. It accounted for over 35% of the market volume in 2013. Industrialization in China and India is expected to be the key contributing factor for this growth. Smartphone proliferation and growing development of smart and connected cities is expected to further catalyze regional growth.
  • Prominent industry participants include STMicroelectronics, Renesas Electronics Corporation, Microchip Technology, Inc., Infineon Technologies, Fujitsu Semiconductor, Freescale Semiconductor, and Atmel Corporation.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/semiconductors

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Thursday, 14 January 2016

Household Vacuum Cleaners Market Worth $16.1 Billion By 2022



The global household vacuum cleaners market is expected to reach USD 16.1 billion by 2022, according to a new report by Grand View Research, Inc. Increasing government initiatives to spread awareness about cleanliness and hygiene worldwide is expected to contribute to revenue growth.
Rising disposable income and increasing preference for new technologies worldwide is anticipated to favor industry growth over the forecast period. Price is estimated to be a critical factor in buying decision. Rising competition owing to presence of large industry players and less differentiated product is expected to benefit Industry leading to price reduction.
Technology developments play an important role in revenue growth. Products such as bagless and robotic vacuum cleanerss have gained popularity across the globe. Use of smartphone-based services is also gaining popularity due to rising smartphone penetration worldwide. For instance, in September 2015, iRobot Corporation announced the introduction of Roomba 980 that combines adaptive navigation with visual localization, and cloud connected app control for easy operation.

Europe household vacuum cleaners market share by product, 2012 – 2022 (USD Million)
Europe household vacuum cleaner market 

Further key findings from the report suggest:
  • Household vacuum cleaners market is segmented on the basis product into upright, canister, central, drum, wet/dry, and robotic devices. Robotic cleanerss are expected to hold high potential over the next seven years owing to innovative features including sweeping brushes, acoustic sensors, mobile support, automated mapping capabilities and self charging capabilities.
  • Canister vacuum cleanerss market is estimated to be valued at over USD 4 billion by 2022. Drum products are anticipated to grow at a CAGR of more than 4.0% over the forecast period. High cost and large size may hinder growth of the central product segment over the next seven years.
  • Asia Pacific vacuum cleaners market accounted over 30% of the overall revenue share in 2014.  Strict energy regulations may hinder regional growth over the forecast period. EU banned the sales of vacuum cleanerss with power capacity above 1600 watts and this capacity restriction will reduce to 900 watts in September 2017.
  • Key industry players include Stanley Black & Decker, Electrolux Group, Dyson Ltd., TTI Floor Care, Miele, LG Corporation, and Eureka Forbes Ltd. Other prominent vendors include Royal Philips Electronics, Oreck Corporation, Haier Group, iRobot Corporation, Bissell Inc., Panasonic Corporation, and Samsung.
  • In July 2013, TTI Floor Care acquired Oreck Corporation to enhance its product portfolio. The company offers these products through four brands, Vax, Oreck, Dirt Devil, and Hoover. Dyson offers upright, canister, cordless, and handheld products. In September 2015, iRobot Corporation announced the launch of Roomba 980, which is equipped with high tech sensors for navigation, visual localization technology, and app-based support.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the household vacuum cleaners market on the basis of product and region:
Household Vacuum cleaners Product Outlook (Revenue, USD Million, 2012 – 2022)
  • Upright
  • Canister
  • Central
  • Drum
  • Wet/dry
  • Robotic
  • Others
Household Vacuum cleaners Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • RoW
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.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States           
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com 
Website:  Grand View Research                          
Blog Site: http://www.divog.org/


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Consumer Electronics Market Trends, Company Share To 2020: Grand View Research, Inc.



The global consumer electronics market is expected to reach USD 838.85 billion by 2020, according to a new study by Grand View Research, Inc. Recent technological advancements have led to the miniaturization of smart devices, and are expected to be key factor driving the consumer electronics industry. High investment, availability of cost effective devices due to mass production, and a range of diverse applications are also expected to be the key growth drivers.
Consumers are narrowing their technology interest to devices that offer multiple functions. Single-function products such as portable music players, digital cameras, etc. have witnessed considerable decline owing to the advent of multi-function devices. For example, there has been a considerable rise in smartphone ownership in 2013, while ownership of digital cameras has declined. End users have become more platform-agnostic as they are open to experimenting with different platforms such as Windows, Android and iOS, which is also expected to catapult consumer electronics market demand over the forecast period.
Increasing penetration of BYOD has presented growth avenues. Long-battery life, processors and large screens along with other value-added features is also expected to favorably impact personal electronics market growth over the next few years. Consumer electronics manufacturers focus on gaining a level of insight into service adoption on smartphones and related pricing strategies to target end users.

Global personal electronics market by product, 2012 – 2020 (Million units)
Global personal electronics market
Add caption
 

Further key findings from the study suggest:
  • The smartphone market is poised for high growth over the next six years, which may be attributed to increased emphasis on devices integrating several advanced features such as audio, GPS and high-end cameras. Emerging concepts such as pervasive computing along with several communication technologies, including 4G/5G LTE are also expected to drive demand.
  • Laptops, desktops, and notebooks accounted for considerable revenue share in 2013. Introduction of new low end-devices and affordability are key factors driving the tablet market growth. The overall increase is also expected to stem from substitution of conventional laptops with tablets
  • Digital camera market sales may witness a decline over the next few years. Consumer preference for devices such as smartphones that offer multi-functionality is expected to hinder the digital camera market.
  • Asia Pacific consumer electronics market captured sizable volume share, which can be primarily attributed to high demand in China and India as well as considerable product penetration in the region.
  • Key industry players such as Samsung, Apple, LG, Huawei and ZTE focus on providing a wide product portfolio and product differentiation as a core business strategy. Sales and distribution activities involve a mix of direct sales, distributors and third-party representatives, retail outlets, independent dealers etc. Distribution activities have become a key area of focus for all companies owing to wide adoption of these products.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the global consumer electronics market on the basis of product and region:
Consumer Electronics Product Outlook (Volume, Million Units & Revenue, USD Billion; 2012 – 2020)
  • Smartphones
  • Tablets
  • Laptops/Notebooks
  • Desktops
  • Digital Cameras’
  • Hard Disk Drives (HDD)
  • E-readers
Consumer Electronics Regional Outlook (Volume, Million Units & Revenue, USD Billion; 2012 – 2020)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
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.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States           
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com 
Website:  Grand View Research                          
Blog Site: http://www.divog.org/


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Tuesday, 12 January 2016

Human Machine Interface Market To 2022 - Industry Analysis, Share, Market Demand and Segment: 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.
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. 
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the global Human Machine Interface (HMI) market on the basis of product, application and region:
HMI Product Outlook (Revenue, USD Million, 2012 – 2022)
  • Display Terminals
  • Interface Software
  • Industrial PCs
HMI Application Outlook (Revenue, USD Million, 2012 – 2022)
  • Automotive
  • Healthcare
  • Food & Beverages
  • Oil & Gas
  • Packaging
  • Aerospace & Defense
HMI Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • RoW
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.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States           
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com 
Website:  Grand View Research                          
Blog Site: http://www.divog.org/


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