Latest Event Updates

E-Waste Management Market is Expected to Reach $49.4 Billion, Global, by 2020

Posted on

According to a new report by Allied Market Research titled, “Global E-Waste Management Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020“, the global E-Waste Management Market would reach an amount of $49.4 billionby 2020, registering a CAGR of 23.5% during 2014 – 2020. The ever-growing need for adapting the latest technology is the prime factor for a large volume of E-Waste generated across the globe. The Asia Pacific region contributes to the largest revenue share in the global E-Waste management market, followed by European countries. Analysis of the market indicates that the global volume of E-waste accounted for 57.7 million tons in 2013.

To view the report, visit the website at http://www.alliedmarketresearch.com/e-waste-management-market

StEP (Solving the E-waste problem) is a German based establishment that manages the processing of E-Waste in developed countries. Ruediger Kuehr, executive secretary of StEP, states that Rapid product innovations and replacements for electronic gadgets account for the rise in E-Waste worldwide. The monumental rise of E-Waste brings across an impending need for all countries to manage their E-Waste effectively. The U.S. is a major exporter of used electronic goods. The region exports a large quantity of CRT (cathode ray tubes) monitors and a considerable number of cellphones, amongst other electronic devices. National Center for Electronics Recycling (NCER), is a U.S. based non-profit organization dedicated to the enhancement of national infrastructure for recycling E-waste. NCER states that, nearly 54 million tons (49 metric million tons) of E-Waste, i.e. approximately 43 lbs (20kg) per person, is generated every year across the globe. The study estimates that U.S. generates a large quantity of E-waste, major portion of which is shipped to developing countries (mainly Asia) and West Africa, where it is usually disposed-off in backyards or recycled. These deposits ultimately cause numerous health issues and environmental hazards.

Jason Linnell, an Executive director of NCER has mentioned that the U.S is yet to fully utilize its recycling capacity as compared to other countries. Presently, North America is largely taking initiatives to recycle its E-Waste. The StEP estimated that the U.S generated about 258.2 million units of used-electronics (monitors, cellphones, computers and TV sets) in 2010, of which, 171.4 million were collected for recycling and 14.4 million were exported. The E-Waste management initiatives in North America should significantly reduce E-waste exports and propel the domestic market. Adoption of E-Waste management programs by all the countries globally, would further minimize the health concerns and significantly reduce environmental hazards. Presently, North America is a leader in exporting E-Waste to developing countries. These exports generate a large quantity of trash for recycling in emerging markets. TheAsia-Pacific comparatively generates a larger revenue from the recycled E-Waste. However, North America is also in the process of recycling the E-waste, which would add to a larger share of its revenue in the global market.

From the year 2000 – 2005, the Organization for Economic Co-operation and Development (OECD), identified a growth of approximately 22% in Information and Communications Technology (ICT) market in China, declaring it to be the 6th largest ICT market in 2006, followed by the U.S, Japan, Germany, UK and France. Thus, in the wake of constant innovation and rapidly increasing adoption of new technologies, there exists a need more than ever before, for the adoption of E-Waste management programs, globally.

Key findings of the study:

  • Presently, the trashed E-waste holds a larger percentage share as compared to the recycled E-Waste.
  • In the global E-Waste management market, household appliances generate the largest amount i.e. approx. 46% of E-Waste as compared to other sources,  followed by the IT and Telecommunications sector
  • The IT and Telecommunications sector is expected to produce a large volume of E-Waste by 2020
  • Asia-Pacific region would generate the highest revenue for the E-Waste management market by 2020.
  • The E-Waste management rate in Asia-Pacific and European regions is higher than developed countries such as U.S, Canadaand Mexico

Human health concerns and environmental hazards caused due to E-Waste production, annually, are leading to the rise of E-Waste management programs all over the world. The government agencies with the help of E-waste management players, are strategically focusing on new and innovative E-Waste Management programs. These programs are focused at reducing the world’s E-Waste and its hazards. Lack of awareness regarding the hazards associated with E-Waste in the LAMEA region and the lack of E-Waste recycling plants in the United States, support the growth of the global E-Waste management market, at a faster pace. The key providers of recycling services, profiled in this report are Stena Metall AB, SIMS Recycling Solutions, Umnicore, Electronic Recyclers International Incorporation, Tetronics Limited, CRT Recycling Incorporation, LifeSpan Technology Recycling Incorporation, Triple M Metal LP, MBA Polymers Incorporation and Enviro-Hub Holdings Limited.

Global Erythropoietin Drugs Market is Expected to Reach $11.9 Billion by 2020 – Allied Market Research

Posted on

A new report by Allied Market Research titled, “Global Erythropoietin (EPO) Drugs Market (Type, Application and Geography) – Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013-2020″, forecasts the Global EPO market to reach $11.9 billion by 2020, with promising CAGR of 9.7% from 2014 to 2020. Darbepoetin alfa is fastest growing drug class at a CAGR of 12.9% during the forecast period, owing to its high potency and minimal side-effects.

Rising incidences of Cancer, ESRD (End Stage Renal Disease), and HIV have largely contributed to the overwhelming demand for EPO drugs. Approximately 20% of the patients suffering from Cancer/HIV and ~70% of the patients suffering from ESRD undergo chemotherapy, which induces anemia in such patients, requiring EPO treatment. Despite this, the market nevertheless witnesses restraints due to highly priced EPO drugs resulting in minimal adoption. However, commercialization of EPO biosimilars would eventually ease the influence of restraints and fuel the market growth, primarily across the developing regions.

To view the report, visit the website at http://www.alliedmarketresearch.com/erythropoietin-market

Globally, ~70% of the market share is held by the developed regions owing to favorable reimbursements leading to affordability for EPO drugs. Going forward, owing to commercialization of EPO biosimilars, the Asia-Pacific EPO drugs market would be the most potential market among other regions.

Key findings of the study:

  • Europe led the global EPO drug market in 2013 closely followed by North America
  • Asia Pacific EPO drugs market is projected to grow at a CAGR of 13.3% during the forecast period, fastest among the four geographies
  • Currently, Anemia therapeutics (Cancer and HIV treatment) market leads the overall EPO drugs market; however, kidney therapeutic segment would emerge as the largest market segment by 2020
  • Originator companies are investing in R&D for expanding product i.e. EPO drug applications to newer disorders such as neural diseases and in wound healing
  • EPO drugs market is witnessing high commercialization of biosimilars for the ‘off-patent’ drug namely Erythropoietin alfa

The first EPO drug – Epogen (Erythropoietin alfa), launched by Amgen, has witnessed patent expiry in 2014. Following this, a number of biosimilar Erythropoietin alfa have been launched by major companies such as Biocon, Ranbaxy, Emcure Pharmaceuticals. In addition, Amgen currently owns the patent Aranesp for Darbepoetin alfa; which is expected to expire by 2016, thus, calling for launch of Darbepoetin alfa biosimilars. Some of leading players operating in EPO drug market are Amgen Inc., Johnson & Johnson, Roche, LG Life Sciences Ltd., Biocon, Intas Pharmaceuticals, Teva Pharmaceutical Industries Ltd., Ranbaxy Laboratories Ltd., and Celltrion, Inc.

Global Cleanroom Disposable Gloves Market is Expected to Reach $1.4 Billion, by 2020 – Allied Market Research

Posted on

According to a new report by Allied Market Research entitled, “Global Cleanroom Disposable Gloves Market (Product Typesand Geography) – Size, Share, Trends, Regional Trends, Segmentation and Forecast, 20132020“, the global cleanroom disposable gloves market is expected to reach $1.4 billion by 2020, registering a CAGR of 8.0% during 2014-2020. Neoprene disposable gloves would emerge as the fastest growing segment, at a CAGR of 17.5% during the forecast period.

In order to maintain aseptic and contaminant-free environment during production, controlled environmental conditions are the prerequisites for pharmaceutical, semiconductor and electronics manufacturing companies. The prerequisites can be achieved by setting up distinct and separate cleanrooms, which necessitates the need for clean room disposable gloves in the production environment. Factors such as a large base of consumers, stringent regulatory requirements and the popularity of ‘cleanroom-customized’ gloves are driving the growth of the market. Following the positive strides in the adoption of the clean room disposable gloves, the market is expected to reach 35.6 billion pairs by 2020.

To view the report, visit the website at http://www.alliedmarketresearch.com/cleanroom-disposable-gloves-market

Natural rubber/latex disposable gloves, despite its conventional nature, continues to dominate the market. It held about 2/5th of the market share in 2013 making it the leading market segment, and shall continue to lead the market during forecast period. Unchallenged physical attributes such as comfort and dexterity supplement the growth of natural rubber/latex gloves. However, increasing incidences of allergies and a consequent ban on such gloves have given rise to the need for non-allergic variants of cleanroom gloves, chiefly, the nitrile gloves. Apart from its non-allergic properties, nitrile gloves also possess additional properties such as resistance to puncture, antistatic properties, anti-slip grip and anti-fatigue properties. However, these types of gloves cannot be used when subjected to hazardous conditions such as extreme temperatures, radiations, chemicals and punctures. These challenges can be overcome by neoprene gloves; thus, making it the fastest growing market segment during the period of 2014-2020. However, neoprene gloves (cleanroom-customized disposable gloves) are priced higher as compared to conventional gloves, which is a restraint for the growth of this market.

Key findings of the study:

  • Nitrile gloves holds second highest CAGR i.e., 9.2% during 2014-2020
  • Natural Rubber/Latex gloves would account for the largest market share, both in terms of volume as well as value through 2020, followed by vinyl gloves
  • Asia Pacific accounted for the 48% of the global market in 2013, followed by North America, at 28% of the global market share
  • China emerges as one of the most lucrative markets during 2014-2020

Geographically, the market share of developed countries in the global cleanroom disposable gloves market is expected to decline due to the use of industrials robots; whereas, the developing nations would witness a steady rise in their market share due to surplus work force and outsourced pharmaceutical manufacturing operations. Thus, countries such as China, India, Vietnam, and Philippines exhibit a double digit growth rate during the analysis period. Presently, U.S. is leading the market in terms of volume and value; however,China would surpass U.S. in the coming years and would subsequently emerge as a market leader. The companies profiled in this report include Ansell Healthcare, Hartalega Holdings Berhad, Supermax Corporation Berhad, Kossan Rubber Industries Ltd., Rubberex, Top Glove Corporation Berhad, Adventa Berhad and Semperit AG Holding, amongst others.

Text Analytics Market is Expected to Reach $6.5 Billion by 2020 – Allied Market Research

Posted on

According to  a new market research report titled “Global Text Analytics Market– Size, Industry Analysis, Trends, Growth and Forecast, 2014 2020,” the global text analytics market has a potential to reach $6.5 billion by 2020, registering a CAGR of 25.2% during 2014-2020. Predictive analytics is the most attractive application within text analytics, which provides insights on unstructured text and helps the companies to formulate business strategies accordingly. Retail sector largely uses text analytics software, which approximately contributes 1/3rd of revenue amongst all industries. Use of text analytics in Healthcare accelerates Health-Care research, which eventually adds to the rapid growth of the healthcare and pharmaceutical sector.

Comprehending the benefits of the text analytics in predicting and forecasting consumer behavior, the technology is gaining ground and helping corporations to strategically position themselves in the competitive market. The capability of the technology to deduce trends from the unstructured text and single out rationale is the driving force for the market. The upsurge in the adoption of social networking platforms for conversations, rising adoption of cloud computing technologies and the ability of text analytics to move beyond sentiment analysis are some major driving factors for text analytics industry. Nevertheless, despite the finer and profitable aspects, the technology has some vices posing as obstacles for the growth of the market. The expensive analytic software and lack of awareness among the stakeholders about the advantages of text analytics in the pivotal regions would impede the growth of the market.

To view the report, visit the website at http://www.alliedmarketresearch.com/text-analytics-market

Text analytics finds wide acceptance in regions such as North America due to the early adoption of big data analytics in the region. North American region approximately holds 40% of global text analytics market amongst all regions. Till 2012, North American region generated about 2.5 exabyte (2.5 million gigabytes) of data per day and the number is anticipated to double every 40 months. For instance, Walmart collect 2.5 petabytes of data from their customers’ transactions. Therefore, the use of text analytics software to analyze customers’ demands is on the higher side, as compared to other regions.  Substantial amount of data is generated in the region on a daily basis, which is a gold mine for companies that understand the importance of historical data. Historical data trend is further used to forecast the trend of the market in the coming years. Therefore, predictive analytics is also increasingly used to forecast the market trend and formulate the business strategies.

Presently, On-premise deployment model is predominantly favored by the government organizations and small & medium business, as it offers higher level of security compared to cloud based deployment model. The use of on premise model for deployment of text analytic software would gradually subside and the market would be driven by cloud based deployment models in the near future. Operational cost cutting would contribute to the rapid adoption of Cloud-based model in the coming years.

Predictive analytics is gaining ground in the field of healthcare and Banking Financial Services and Insurance industries (BFSI).  The ability of Predictive analytics application to track the incidences of diseases and forecast the reoccurrence in the future is a boon for the healthcare sector. On the other hand, financial forecasting is accomplished very effectively using text analytics. The forecast could assist BFSI’s in tracking loan trends and gain insights on the potential client base that demand banking services in the future. Retail sector has large customer base and has sizable number of reviews on their products. Analyzing the voice of the customers helps the retail companies to improve their products, by considering the customer demands. Therefore, retail sector majorly uses text analytics software compared to other sectors.

Key findings of the study:

– Global market for Text analytics deployment models is gaining prominence with cloud based models, which is the growing at a rapid rate for the forecast period (2014-2020)

– Predictive analytics is the major application segment that uses text analytic software to forecast the market trend, which is growing at a CAGR of 21.3% during the forecast period

– Based on the geographic examination, North America would be the highest revenue-generating region, confers the report

– Text analytics software is widely used in customer relationship management applications, where the analyzed information is prominently used to take strategic business decisions

– Small scale enterprises still rely on on-premise model and is growing at a CAGR of 16.6% during 2014-2020

Continuous innovations in the text analytics industry is leading to upgrade the existing versions of text analytics software.   Therefore, product launch is the major developmental strategy that is widely adopted by the text analytics market players. In June 2014, Linguamatics launched I2E Semantic Enrichment that uses natural language processing technology for analysis of text, and offer insights at a much faster rate. The report expounds on the strategies of top players such as IBM, Attensity, Microsoft, Clabridge, SAS, HP, Tibco Software, Oracle, Tableau Software and SAP.

Smartwatch Market is Expected to Reach $32.9 Billion by 2020 – Allied Market Research

Posted on

The new market research report titled “Global Smartwatch Market – size, Industry Analysis, Trends, Growth and Forecast, 2014  2020, the global Smartwatch market has a potential to reach $32.9 billion by 2020, registering a CAGR of 67.6% during 2014 – 2020. Popular highlights of the Global Smartwatch Market that are noteworthy are, based on type, the Extension Smartwatch sales was the source for approximately 4/5th of the revenue generated by the global Smartwatch market in 2013. Standalone smartwatch, which was nearly 1/10th of the market in 2013, would swiftly take over the extension smartwatch and would match with the market size of extension smartwatch by 2017. Android operating system, which is the most prominent OS preferred by Smartwatch manufacturers, would grow even further during the forecast period. Following the trends of the market, geographically, Asia Pacific region is expected to propel the global market supplemented by China, which is expected to evolve as a hub for low cost smartwatch manufacturing.

To view the report, visit the website at http://www.alliedmarketresearch.com/smartwatch-market

The market of smartwatches is witnessing a double-digit growth globally. North America, due to favorable market conditions, is the highest revenue generating region for smartwatches. As per the estimates, North American region generated nearly 1/3rd of the market revenue in 2013. However, in the near future, the growth of this market is expected to be driven by the Asian region and Chinaemerging as a popular hub, as it would evolve as a low-cost smartwatch manufacturer. Over the next decade, the market is expected to witness product based revolution with newer sensor technologies emerging. Further, since the market is still in its evolutionary phase, it would create opportunities for new companies to enter the market, eventually leading to an increased level of competitiveness.

Considering the competitiveness in the market, Samsung is expected to refresh its offerings of the Galaxy Gear by replacing the Android OS by Tizen, a Samsung platform. Pebble, one among the leading companies, used to offer smartwatch at USD 150 with limited appeal as lifestyle accessory. However, recently the company has launched a second-generation device called Pebble Steel; thereby, offering a renewed appeal to the version, with enhancements in designs using brushed stainless steel and a black matte version, available at USD 249. Apple also has planned to integrate its Health Kit application with the smartwatch for the end users to monitor and keep track of their fitness and health.

Extension smartwatch garnered the largest market share within the global market for smartwatches. In terms of overall volumes, as of 2013, extension smartwatch accounted for more than 2 million units, and is expected to experience unprecedented growth during the forecast period. Based on number of units sold, Android had the largest market share, accounting to 3/5th of the market in 2013, followed by iOS at approx. 17%. Android has gained edge, and is the most used OS platform for smartwatches; however, iOS is expected to emerge as a strong competitor for Android systems at a later stage, given the premium prices charged for the devices. Another factor adding to the growth of these devices is Apple’s move to offer bundled products and sell smart watches in the market, leading to popularity of iOS smartwatches. The Personal Assistance segment is poised to grow at a steady rate through 2020. The Personal Assistance application contributed to nearly half of the overall smartwatch application market, by value in 2013. This application will remain as mainstream for smartwatch users. Wellness application is the second most dominant domain for the market and held nearly 1/5th of the market in 2013. The wellness segment will witness steady growth due to the adoption of wellness monitoring devices.

Key findings of the study:

– Global market for Smartwatch is gaining prominence due to its potential to replace traditional watches and functionality similar to smartphones

– Extension Smartwatch contributes to nearly 4/5th of the global market in 2013

– Standalone smartwatch would match the market size of Extension Smartwatch by 2017

– Based on the geographic examination, North America is the highest revenue-generating region confers the report. North America is anticipated to reach $11.2 Billion by 2020

– China is expected to evolve as a key manufacturer of low cost smartwatches during the forecast period

– Android is the most preferred OS for smartwatches and is expected to lead the market throughout the forecast period

Based on the total smartwatch shipments in 2013, Samsung leads the Smartwatch market, followed by Nike and Garmin. Currently, there are approx. 40 countries operating in this market and the number of manufacturers is expected to grow manifold during the forecast period. As of now, the market is purely driven by the leading tech companies such as Samsung, Apple, Google, etc. However, in the future, the entry of watch companies is expected to increase the competition and dynamics of this market. Led by innovations, the smartwatch companies are spending heavily on R&D. Top players such as Samsung, Pebble, Maritime and Sony are counting on their R&D investments to be the prioritized strategy to increase respective market shares. An effective distribution channel is a key in defining the market status of a company. Samsung has significantly higher worldwide distribution strength compared to others and this adds to its competitive advantage. Key companies profiled in the report are Apple Inc., Google Inc., Garmin, Fitbit, Motorola, Sony Corp., and Samsung Electronics Co. Ltd.

Permanent Magnet Motor Market is Expected to Reach $45.3 Billion, Global, by 2020 – Allied Market Research

Posted on

According to new report by Allied Market Research titled, Global Permanent Magnet Motor Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014-2020 “, the Global Permanent Magnet Motor Market would reach $45.3 billion by 2020, registering a CAGR of 11.7% during the forecast period 2014 – 2020. The global demand for rare earth (RE) magnet materials, in 2012, accounted for 21% of all rare earth materials available. Presently, the permanent magnet AC and DC motors are increasingly used in factory automation applications such as robotics and material handling, amongst the others. The increasing use of permanent magnets, owing to its unique properties, subsequently, should supplement the growth of the permanent magnet motor market.

In 2012, the increasing demand of permanent magnet motors across diverse sectors, led to disruption in its supply chain, further resulting in the scarcity of RE permanent magnets. This scarcity of RE permanent magnets adversely affected the permanent magnet motors market. Presently, stability in the supply of RE permanent magnets has led the market to recover its losses and regain its stability. China being the leading manufacturer of Permanent Magnet (PM) motors, owing to the country’s natural abundance in rare earth materials, generates significant revenue from the exports of permanent magnets.

To view the report visit the website at http://www.alliedmarketresearch.com/permanent-magnet-motor-market

Reduced field excitation losses resulting in increased performance of the motor leads to low energy consumption in operation of PM motors. Additionally, high power density, reliable performance, electric stability & durability along with simplified construction help in increasing its efficiency. Therefore, these motors are largely used in factory automations and other machinery tools since many years. With the advent of robots for material handling, and the requirement of high precision work with minimal errors, would help the PM motors market to grow exponentially over the years. PM motors are largely used in chip conveyors, elevators, oil reservoirs, coolant pumps, photocopy machines, etc. The rising demand of such applications is eventually increasing the demand of PM motors in numerous industries.

The improved efficiency of PM motors and their integration in automobiles and electric cars, dynamically supplement the growth of the permanent magnet motors market, globally. The market is witnessing an increasing demand for permanent magnets from the countries with abundant resources of rare earth materials. China dominates the global market for rare earth magnets as it is the leading permanent magnet manufacturing country. China, comparatively manufactures PM motors at a lower cost as compared to other countries. The factors mentioned above would subsequently increase the manufacturing rate of PM motors and boost the market growth in future.

Key benefits of study:

  • The study indicates that the permanent magnet AC motors are widely used in industrial applications as compared to DC and Hermetic motors, whereas, permanent magnet DC motors are majorly used in the automobile industry.
  • Neodymium magnet type is the most popular magnet in use, owing to its moderate cost and operating ability at high temperatures. Neodymium magnet type is estimated to grow at a CAGR of 10.8% during the forecast period.
  • The presence of a large number of PM motor manufacturers in the Asia Pacific region, generates a significant amount of revenue for the PM motors market here, as compared to other regions.
  • The permanent magnet motors below 4.0 kW power range are used in various appliances with lower output voltages. Additionally, the motors between the power ranges of 22.0kW – 75.0 kW, are widely used in diverse applications ranging from automobiles to air conditioning devices.
  • The increasing use of PM motors across diverse applications in factory automation, presently account for the highest revenue generating segment in the global market.

The industry is witnessing a shift from induction motors to permanent magnet motors, in order to improve the performance of the device whilst rendering lower levels of power consumption. Permanent magnet motor manufactures are launching new products and partnering with other market players to conceptualize motors with improved performances that are energy efficient. For instance, inSeptember 2014, Toshiba Corporation, a world-class manufacturer of electric and electronic products and systems, launched the world’s first train propulsion system containing Permanent Magnet Synchronous Motors (PMSM) and Silicon Carbide (SiC) Variable Voltage Variable Frequency (VVVF) traction inverters. These systems were delivered to Japan’s Tokyo Metro Co., Ltd., enabling the system to reduce power consumption by up to 37 percent. The major players profiled in this report are, Siemens, Baldor Electrics Incorporation, Rockwell Automation Incorporation, Franklin Electric Co. Incorporation, Johnson Electric Holdings Ltd., Ametek Incorporation, Toshiba Corporation and Danaher Corporation.

Global 3D Camera Market is Expected to Reach $7.6 Billion by 2020 – Allied Market Research

Posted on

According to a new report by Allied Market Research titled, “Global 3D Camera Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020″, the global 3D Camera market is expected to reach $7,661.8 million by 2020, registering a CAGR of 39.4% during 2014 – 2020. The 3D camera applications, in smartphones, should drive the 3D camera market significantly by year 2020. About 80% of the smartphones could be enabled with 3D imaging technology by 2018.

The entertainment & media industry is witnessing a rapid surge in 3D content. Moreover, increasing use of 3D imaging for security surveillance, home automation and mobile robots, is paving the market growth for 3D camera products. The developments in 3D scanning technologies enable the market players to launch products delivering high-quality images or videos. The advent of 3D smartphones also promotes the prospects in the application of 3D technology.

To view the report, visit the website at http://www.alliedmarketresearch.com/3D-camera-market

The smartphones, which are available at lowest price, amongst all 3D camera based devices, should witness rapid adoption over the forecast period. With the simplest 3D camera technology – stereo visioning; about 80% of smartphones in production could be upgraded with a 3D camera lens by the year, 2018. Numerous smartphone manufacturers, now identify with 3D technology as a significant prospect to enhance their product offerings. The application of 3D cameras in smartphones should garner a revenue of$2.02 billion by the year 2020.

Stereo visioning technology is commonly integrated in applications such as movie recording, gaming, etc. The stereo vision based 3D cameras, with adjustable range, are easier to design and available at a lower price. These benefits of stereo vision technology should retain its preference among 3D camera manufacturers over other technologies. The wide adoption of this technology, has, in turn, contributed to over 60% of its global market size by value, during 2013.

Key findings of the study:

– The global market for 3D cameras is progressive in nature and should go on to witness a rise in its adoption across smart phones, tablets and other such devices, during the forecast period of 2014 – 2020

– The adoption of 3D cameras in tablets, is estimated to grow rapidly at a CAGR of 60.4%, during the forecast period

Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth. It should reach $3,403.0 million by the year 2020, registering a CAGR of 44.1% during 2014 – 2020

– The Asia-Pacific regional market should surpass the North American regional market in terms of market size by value, within two years.

Rising demand for 3D scanning technology in the entertainment and media industry, supplement the developments and growth of its market. A rise in the technological advancements in smartphone cameras, empowers the manufacturers to introduce 3D cameras as an innovative product offering. Furthermore, due to rising 3D content, several OEMs are upgrading their product offerings with 3D imaging capabilities. Innovative product launch has now become a strategic essential for manufacturers, to gain a higher market share. For instance; Sony Electronics, in the recent years, has upgraded its ‘Handycam’ series with 3D imaging capabilities. Prominent companies profiled in the report include Nikon, Cannon, GoPro, Kodak, Sony Electronics, Panasonic Corporation and LG Electronics.