Electronics and Media

UHD/4K Panel market to witness massive gains from television application over 2016-2024, U.S. to be a prime revenue contributor

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The consumer electronics sector is soaring with the growing popularity of UHD TVs. The UHD/4K panel market has already generated a heavy momentum in this space with the development of next generation TVs. Ultra HDTV has gradually emerged from a techie’s dream to consumer reality in the recent past. This UHD technology is unlocking transformative, awe-inspiring, and enhanced viewing experience with a minimum resolution of 3840 x 2160 pixels. 4K resolution provides around 8 million pixels and is called so as a result of the images being about 4,000 pixels wide.

The increasing number of platforms offering higher resolution of HD content will further expand UHD panel industry growth.  Moreover, government initiatives to minimize custom duties particularly in India and China and the dropping prices of 4K panels will stimulate UHD market over the coming years. UHD/4K Panel Industry is estimated to grow at a rate of 11% over the period of 2016-2024.

North America UHD/4K panel market size by application, 2013-2024 (USD Million)

North America UHD/4K panel market size by application, 2013-2024 (USD Million)

In 2015, the television application accounted for over 55% of revenue share and is set to register a CAGR of 11% over the period of 2016-2024. Demand for better customer viewing due to improved picture quality will propel 4k panel industry growth.

Retail is another booming sector which has been penetrated by the UHD technology. This is undoubtedly helping retailers to display their products with minute details and supreme clarity. A memorable shopping experience with UHD displays owing to its superior quality is attracting larger consumer base, thus driving ultra-high definition panel market. Digital display screens market worth USD 4 billion in 2015 is set to witness a significant growth curve, owing to rising demand from the advertising and publishing sectors. The growth of digital signage market due to rising commercial application in advertising is also worth noticing.

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Devices equipped with UHD panel are highly energy efficient and durable. LG, Toshiba, Sony Electronics, Panasonic, Philips, Sharp, BOE Technology Group, Hisense Group, and Samsung Electronics are the major players accumulating maximum share of ultra-high definition panel industry. These players are highly emphasizing on product development and customer service to keep up with growing competition for providing better image quality. The demand for 60-inch and above screen size is projected to record a substantial growth in UHD/4k panel market.

For achieving better displays of mobile and tablet screens, LED technology is used which accounted for more than 45% in 2015 and is estimated to grow at an annual rate of 8.8% over the period of 2016-2024. LCD segment is another booming technology, projected to record USD 18 billion by 2024, owing to its lower power consumption feature. LCD uses the light modulating properties of liquid crystals which is gaining high preference in global UHD panel industry.

In terms of regional split, Asia Pacific ultra-high definition panel market share catered for over 20% of the overall industry in 2015 and is set to hit a CAGR of 11.6% over 2016-2024.  North America 4K panel market, led by the U.S., is estimated to generate a revenue share of over USD 19 billion by 2024. The regional growth is subject to huge tech-savvy consumer base and intensive adoption of HD technologies.

Early deployment of this technology is likely to show tremendous growth prospects for future trends in 4K panel industry. Heavy investments in research and development will send strong undercurrents for the future of consumer electronics. Developments in this area are really going to be interesting to watch over, in the next couple of years.


Author Name : Ojaswita Kutepatil

Single Board Computer market to register highest growth from defense & aerospace applications over 2016-2024

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Single board computer market is projected to collect noticeable revenue due to shifting consumer trends toward wearable electronics, electric vehicles, and the Internet of things (IoT) devices and solutions. IoT incorporated with embedded systems undoubtedly helps perform operations in real-time. Single board computers, which are basically hardware components integrated with IoT, garner a huge demand from numerous end-user industries. According to Global Market Insights, Inc., “Single Board Computer market will record a CAGR of 12.5% over the period of 2016 to 2024.”
Single board computer industry has widespread application areas such as transportation, entertainment, industrial automation, medical, and aerospace & defense. Aerospace & defense application will exhibit a CAGR of more than 13% over the coming years of 2016 to 2024, owing to the requirement for improved performance and high-density communication in cost-restrained environment. Industrial automation is also another lucrative application segment that will register substantial gains over the next few years.

U.S. single board computer market size, by technology, 2013-2024 (USD Million)
U.S. single board computer market size, by technology, 2013-2024 (USD Million)

VME technology is increasingly being deployed across the military & defense sector driven by its high reliability and efficiency. This will lead to VME-based SBC market registering an annual growth rate of more than 10% over the period of 2016 to 2024. xTCA, VPX, and cPCI are the other prominent technology segments of single board computer industry. cPCI-based single board computer market accounted for more than 25% of the market share in 2015 and will grow lucratively in the years ahead.

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Taking into account the end-use segment, single board computer industry comprises communication, research, data processing, and test & measurement. Test and measurement end-use segment will generate considerable revenue over 2016-2024, augmented by the ample availability of technologically advanced products.

System integration, aftersales, and customization are the key service segments of single board computer market. System integration dominated the service landscape by accounting for more than 45% of the industry share in 2015, owing to its widespread deployment across myriad professional sectors. Customized service reduces the total development time and associated costs, in response to which this segment will record a CAGR of more than 12% over the coming years of 2016 to 2024.Based on the processor type, single board computer industry is mainly composed of PowerPC, x86, ARM, and atom. X86 processor market is predicted to generate considerable revenue over the coming seven years, owing to the properties such as power saving capability and high processing speed. ARM (advanced RISC machines) processor accounted for 40% of the processor market share and will exhibit substantial growth rate over 2016-2024, which can be attributed to the notable characteristics such as multi-core processing, lower power consumption, and flexibility.

Considering the regional landscape, China single board computer market will grow at an annual growth rate of more than 18% over the period of 2016 to 2024, primarily driven by the surging need for industrial automation across this region. In addition, the availability of widespread manufacturing base will also boost the regional trends.

U.S. single board computer industry share will hold a significant share of the global revenue over the coming timeframe, driven by the escalating implementation of SBCs across this region. Increasing usage of SBCs for application sectors such as energy, medical, and transportation will also influence the industry growth noticeably.

To sustain their position in the business, market players are reducing product prices and developing a range of new, advanced products to attract a broader consumer base. Key players in single board computer market are Digi International, VersaLogic Corp., Olimex, American Portwell Technology, Inc., Advantech, Wandboard, UDOO, Adlink Technology Inc., Mercury Systems, NETBurner, Kontron, Radisys, and Eurotech Group.

Author Name :Sunil Hebbalkar

Retail Point of Sale Terminals Market Outlook: Growing efforts to encourage digital payment will push industry growth over 2016-2024

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Escalating need to counter money laundering, frauds, and terrorism is expected to spur retail Point of Sale terminals market size over the coming years. Rising consumer trend towards cashless transactions to reduce queues and personnel costs will contribute substantially towards industry demand.  According to Global Market Insights, Inc., “Retail Point of Sale Terminals Market revenue, valued at USD 14 billion in 2015, is anticipated to hit USD 45 billion by 2024.” Efforts to check cash-handling costs along with growing focus on online payments will produce enormous profit avenues for market.

India Retail POS Terminals Market size, by application, 2013-2024 (USD Million)
India Retail POS Terminals Market size, by application, 2013-2024 (USD Million)

Technological inventions have played a major role in providing effective and secured digital transactions, thereby favoring the growth of retail Point of Sale terminals market. Foundry Logic provides add-on services to retailers through its retail Mobile POS applications for Apple devices such as iPod touch, iPad, and iPhone. Wide acceptance of wireless technology and increased demand for mobile wallets across the globe will push market size in the near future.

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Retail point of sale terminals are gaining optimum popularity across convenience stores, department stores, discount stores, supermarkets, category stores, specialty stores, and drug stores. Supermarkets contributed nearly 35% of retail point of sale terminals market share in 2015 and will experience a massive growth over 2016-2024. Ability to reduce human errors and improve customer service will push the revenue. Effectiveness in maintaining discount tracks and price adjustments, is anticipated to boost the industry revenue across discount stores.

Fixed and Mobile POS terminals are the key products of retail point of sale terminals industry. Mobile POS terminals market is projected to grow substantially over the coming timeframe and will accelerate the growth of retail point of sale terminals industry over the coming seven years, driven by rise in the number of smartphones, touch pads, notebooks, and iphones.

Fixed point of sale terminals industry, contributing more than 75% of retail point of sale market revenue in 2015, is projected to grow considerably over the coming seven years. High level of security, less updates, and reduced costs have added to the industry growth.

Taking into considerations the regional trends, Asia Pacific retail point of sale terminals industry is projected to witness a substantial growth over the coming years. Increasing use of mobiles across the urban as well as rural areas in countries such as China and India will push the industry revenue. In addition, government norms favoring online payments and payments via mobiles will further boost the regional growth.

North America retail point of sale terminals market is projected to experience an enormous growth in the coming years. Strict implementation of EMV as per government norms to enhance payment security is predicted to boost the industry trends across the region. Again, the presence of big industry players is forecast to contribute significantly towards the regional revenue.

Market players will try to maximize their ROI and increase their regional presence through strategic collaborations, high R&D investments, benchmarking, scientific breakthroughs, and product differentiation. MICROS Systems, Epicor Software Corporation, Cisco Systems, PAX Technology Incorporation, VeriFone Holdings Incorporation, Ingenico Group, HP Company, Toshiba Corporation, NEC Corporation, Samsung Electronics Limited, and Panasonic Corporation are the key participants of retail point of sale terminals industry.

Author Name :Dhananjay Punekar

Wireless Earphone & Headphone market to grow extensively over 2016-2023, Bluetooth & Wi-Fi technology adoption to push the demand

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Growing consumer preference for mobiles, iphones, and portable audio players such as MP3 music players will accelerate earphone & headphone market demand over the years to come. Flourishing Wi-Fi and Blue tooth sectors will further add towards the product demand in the near future. As per Global Market Insights, Inc., “Earphone & Headphone industry size, worth USD 11.68 billion in 2015, is projected to surpass USD 18 billion by 2023.” Rapidly expanding home audio equipment sector will contribute significantly towards earphone & headphone market revenue over the coming six years. Product innovations along with successful execution of marketing and branding strategies executed by the major players will benefit the industry. High per capita income along with elevated economic growth across emerging economies is expected to create brighter growth prospects for market.

Europe earphones and headphones market size, by technology, 2012-2023 (USD Million)

Europe earphones and headphones market size, by technology, 2012-2023 (USD Million)

In terms of technology, the industry is segmented into wireless and wired Earphone & Headphones. Wired earphone & headphone market, worth USD 10 billion in 2015, is forecast to record an annual growth of 4.6% over 2016-2023. Technological innovations in wireless products to improve the hearing experience coupled with rising efforts to curb noise pollution will drive wireless earphone & headphone industry revenue over the next few years.

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Earphones market, worth USD 7.7 billion in 2015, is expected to contribute significantly toward the overall industry growth over the next few years. Its light-weight, compact, and portable features are projected to accelerate the revenue. Headphones are expected to collect a revenue of over USD 6 billion by 2023, driven by growing vendor efforts to improve their distribution channel services. The demand of these products are highly dependent on the product differentiation and the cost parameters.

Taking into consideration the regional trends, North America industry accounted for 36% of the global revenue in 2015, primarily driven by U.S. As per the report, U.S. earphone & headphone market is projected to register a substantial growth rate of 4.8% over 2016-2023. Stringent legislations passed by OSHA (Occupational Safety and Health Administration) aimed at procurement of high quality parts for manufacturing of earphones and headphones will contribute significantly towards the regional revenue.

China earphone & headphone industry, which contributed a major chunk of Asia Pacific earphone & headphone market share in 2015, is expected to record a CAGR of 5.6% over 2016-2023.  Strong economic development leading to rise in product demand will steer the regional growth.

Earphone & headphone industry may face growth challenges on account of the industry being highly fragmented and competitive. Moreover, the product substitution at a lower price may further hamper the industry trends in the years ahead. However, strategies adopted by the market players such as high R&D investments, mergers & acquisitions, improved customer services, technological inventions, and multiplying the distribution channels will fight back the growth restraints. Key industry participants include Ultimate Ears Company, Koninklijke Philips N.V., Sennheiser electronic GmbH & Co. KG, Bose Corporation, Shure Incorporated, Beats Electronics Company, Grado Labs, Aclair Audio, Panasonic Corporation, Pioneer Corporation, Sony Corporation, and Skullcandy Incorporation.

Author Name :Dhananjay Punekar

North America to dominate global IR (Infrared) Camera market landscape over 2016-2023, US to be the prime revenue driver

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IR (Infrared) Camera Market is gaining a heavy momentum with rapid adoption of infrared cameras in automotive, radiometric, and mobile sectors. Technological innovations have contributed significantly towards reduction in the costs of IR cameras and this is expected to steer the industry growth map. As per Global Market Insights, Inc., “IR (Infrared) Camera Industry size, valued at USD 3 billion in 2015, is projected to surpass USD 6.8 billion by 2023.” Inception of new technologies providing exceptional features such as built-in visual imaging and automation will generate more market demand over the coming six years. The growing popularity of these products can be attributed to its wide use for detecting electrical defects, leak identification, and plumbing blockages.

North America IR Camera Market size, by application, 2013-2023 (USD Billion)
North America IR Camera Market size, by application, 2013-2023 (USD Billion)

Infrared (IR) Cameras further find applications across commercial, military & defense, and medical imaging sectors. Military & Defense application, which accounted for more than 35% of Infrared (IR) Camera Market share in 2015, is anticipated to play a major role in industry expansion over the coming years. Infrared (IR) Camera industry revenue in the commercial sector is projected to grow at a rate of 10% over the period from 2016 to 2023.

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The commercial sector is expected to influence the industry growth over the coming years, owing to elevated product demand across nuclear power plants, thermography, security borders, airports, and constructions. Medical imaging sector is expected to stimulate Infrared (IR) Camera industry development over the years to come, driven by the escalating product demand for detecting life-threatening ailments such as cancers.

Key regional trends pertaining to Infrared (IR) Camera Industry over 2016-2023:

  • North America IR (Infrared) Camera Market is anticipated to surpass USD 2.5 billion by 2023. Mounting requirement for efficient mass screening as well as video surveillance is projected to push the regional demand. The U.S. is likely to dominate the regional revenue.
  • Asia Pacific IR (Infrared) Camera Market size is expected to observe a substantial surge over 2016-2023. Growing security concerns coupled with heavy investments in defense activities is expected to drive the regional growth. High product demand in oil & gas and automobile sectors will further contribute towards the revenue.

Introduction of new technologies in market and massive investments by various players in R&D activities to create new products will further boost Infrared (IR) Camera industry growth. Established firms will try to acquire maximum market share through strategic collaborations, joint ventures, and new product launches. Leak Surveys and IRCameras together launched nitrous gas imaging Infrared camera for LDAR sector. FLIR systems introduced new smartphones with thermal imaging technology to expand its business.

Pelco Corporation, E.D. Bullard Company, Fluke Corporation, Axis Communications AB, FLIR Systems, Seek Thermal, Nippon Avionics Company Limited, Samsung Group, Testo SE & Co. KGaA, Zhejiang Dali Technology Company Limited, QIOPTIQ Limited, Guangzhou SAT Infrared Technology Company Limited, Infrared Integrated Systems Limited, Wuhan Guide Infrared Company Limited, and Raytheon Company are key participants of infrared (IR) Camera Industry.

Author Name :Dhananjay Punekar

APAC pneumatic conveying system industry to witness maximum gains over 2015-2022, China and India to be key revenue pockets

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Pneumatic Conveying System Market will witness a massive surge over the coming five years owing to the growing requirement for effective filtration across the petrochemical, food, pharmaceutical, rubber & plastic, chemical processing, and ceramic sectors. Food sector, worth USD 5.7 billion in 2014, is expected to grow at a rapid pace in the coming years. As per Global Market Insights, Inc., “Pneumatic Conveying System Industry revenue is slated to hit USD 30.67 billion by 2022.” Rapid technological advancements along with the escalating urge for improving the conveying process efficacy will further boost market demand. Customers prefer the pneumatic conveying system over its mechanical counterpart due to the former’s favorable features such as the low space requirement and flexibility.

Pharmaceutical sector, estimated at USD 5 billion in 2014, will propel pneumatic conveying system industry development over the coming timeline. The growing popularity of this system across pharmaceutical sector can be credited to the escalating demand for power transfer through vacuum. Ceramics sector will surpass USD 5 billion by 2022, and is forecast to contribute substantially towards pneumatic conveying system market size over the forthcoming years, driven by the automation of processes in various industrial establishments.

Germany pneumatic conveying systems market size, by technology, 2012-2022

(USD Million)

Germany pneumatic conveying systems market size, by technology, 2012-2022 (USD Million)

Based on the operating principle, pneumatic conveying system is segmented into two main types – Dilute Phase Conveying System and Dense Phase Conveying System. Dilute phase conveying system is expected to record a CAGR of 5.5% over 2015-2022. It is likely to   dominate global pneumatic conveying system market revenue over the next few years, driven by its ability to use air pressure effectively for conveying materials. Dense phase conveying system, estimated at USD 5 billion in 2014, will record significant gains over the coming timeline, driven by the efficient usage of pressure and blow tanks.

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Taking into consideration the regional trends, Asia Pacific pneumatic conveying system industry is forecast to display highest growth over the next few years. Speedy industrial development across India and China is expected to drive the regional growth. Pneumatic Conveying System market in China is projected to grow at a rate of 6.2% over 2015-2022. Driven by the high rate of industrialization, India Pneumatic Conveying System industry is anticipated to hit USD 1,240 million by 2022.

U.S. industry is anticipated to reach USD 6 billion by 2022, and will drive North America Pneumatic Conveying System market in the years ahead. Easy availability of technologically advanced filters along with the introduction of novel methods that facilitate free material flow will contribute significantly towards the expansion of the industry.

Europe Pneumatic Conveying System industry value, which was estimated at USD 6 billion in 2014, will grow considerably over the coming five years. Stringent rules for maintaining sanitation and improved hygienic standards will boost the regional revenue.

Market players will try to increase their ROI through strategic alliances and new product launches. Key industry participants include Gericke, Pneucon Valves Private Limited, Atlas Copco, Flexicon Corporation, Coperion K-Tron, Dynamic Air Incorporation, Schenck Process LLC, Dong Yang P&F Company, Cyclonaire Corporation, and AZO GmbH & Co. KG.

Author Name :Dhananjay Punekar

Outdoor LED displays market to register a massive CAGR of 20% over 2016-2024, billboard applications to remain the key revenue generator

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Growing inclination of established corporate brands to advertise products with LED displays will positively boost outdoor LED displays market size. Rising demand for billboards with wireless connections (for regularly changing content) and high resolution displays for scoreboards, hoardings, stadium screens, etc., will fuel the industry trends. Market players often engage in product innovation to be able to cater to corporate demands. For instance, Panasonic, which is already an official partner of the Rio 2016 Olympics and the Rio 2016 Paralympics, recently announced that the company will supply large outdoor LED displays systems to the Live Site, an outdoor entertainment area in Rio de Janeiro, to enhance the audience experience of viewing the Games.

Asia Pacific outdoor LED display market size, by application, 2013-2024 (USD Million)Asia Pacific outdoor LED display market size, by application, 2013-2024 (USD Million)

LED displays are manufactured with the help of PCBs, PBBs, LED tiles, LED lights, data collectors, driver chips, cabinets, and back covers. With advertising gaining high ground for company expansion, corporations are vying with one another to advertise their product offerings in the best ways. This leads to high demand for OLEDs for stadiums, traffic signals, weather forecast, corporate events, cabs, and video walls. According to Global Market Insights, Inc., “Outdoor LED Displays Market will be valued at USD 22.4 billion by 2024, growing at an impressive CAGR of more than 20% over 2016-2024.”

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Technologically, OLEDs can be either individually mounted or surface mounted. Surface mounted outdoor LED displays industry is anticipated to increase at a CAGR of 26.5% over the period of 2016-2024. This technology is gaining popularity over its counterpart due to high density and enhanced mechanical performance, and is slated to exhibit remarkable growth prospects in the coming years.

Individually mounted technology contributed to more than 55% of the overall outdoor LED displays market share in 2015. This technology provides the benefits of bright displays, clarity, reduced heat generation, and longer lifespan, owing to which individually mounted outdoor LED displays industry will exhibit outstanding growth over 2016-2024. High adoption by retailers and builders will further propel this market, which was worth USD 1.46 billion in 2015.

OLEDs are gaining prominence globally due to their increased application scope. North America covered more than 19% of the overall revenue share in 2015, with U.S. being the key contributor, having covered more than 50% of the regional industry share.

U.S. outdoor LED displays market will be valued for more than USD 2.5 billion by 2024, driven by growing implementation of LEDs across prime locations (Times Square and the Broadwalk). The deployment of interactive screens embedded with 3D technology at bus and train stations and the demand for custom-made solutions will also fuel industry growth over 2016-2024.

High infrastructural development coupled with the increased number of sporting events will act as the key drivers for China outdoor LED displays market, which registered a revenue of USD 1.18 billion in 2015.

India is emerging as a global sports hub, which will prompt the usage of outdoor LEDs for sporting events, stadiums, mobile panels, and billboard advertising. This, in turn will impel India outdoor LED displays industry growth over the years to come. Supported by India and China, APAC outdoor LED displays market, having recorded a revenue of more than USD 1 billion in 2015, will grow at a CAGR of 25% over 2016-2024.

Global outdoor LED displays industry is fiercely competitive and leading providers are continuously engaged in imperative strategies to gain an edge over one another. Increasing R&D investments remain a prime growth tactic to enhance displays efficiency and readability. In addition, companies are striving to innovate products by increasing their longevity, internal capacity, and color displays.

Speaking of color displays, outdoor LEDs can be segmented into tri-color, monochrome, and full color displays. Tri-color outdoor LED displays market is projected to increase at an annual growth rate of 22.3% over 2016-2024, driven by the high product deployment in scoreboards and perimeter boards. The full-color displays model depicts animated content, high quality images, and high quality videos. Powered by these excellent features, these models are being increasingly implemented across myriad sectors, thereby fueling full color outdoor LED displays industry size.

OLEDs find extensive usage across numerous applications and advertising methodologies. Traffic lights contributed to more than 11.5% of the overall outdoor LED displays market share in 2015. Driven by enhanced efficiency and low maintenance charges, outdoor LED displays industry from traffic lights is set to grow at a CAGR of 19% over 2016-2024, and will hit a revenue of more than USD 1.95 billion by 2024.

The billboards segment contributed to more than 40% of the overall market share in 2015. Favorable features such as high visibility, cost-effectiveness, and dynamic content will stimulate outdoor LED displays industry from billboards, which is anticipated to exhibit a y-o-y growth of 24.8% over 2016-2024.

Key players operating in outdoor LED displays market include Shenzhen Dicolor Optoelectronics, Leyard Optoelectronic, LG Electronics, Lighthouse Technologies, Barco NV, Sony, Toshiba, Electronic Displays Inc., Panasonic, Optoelectronics Inc., and Daktronics. It is predicted that these conglomerates will also offer solutions for every stage of the process, right from designing to manufacturing to installation, and then the advertising to after-sales services. This strategy is likely to strengthen their global presence and diversify the service offering.

Author Name :Saipriya Iyer