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Active Optical Cable Market Is Expected to Reach $3,480.7 Million, Worldwide, by 2022 – Allied Market Research
According to a new report published by Allied Market Research, titled, World Active Optical Cable Market, the global active optical cable market generated $481.3 million in 2015. It is expected to reach $3,480.7 million by 2022, growing at a CAGR of 32.7% from 2016 to 2022.
Active optical cables (AOCs) exhibit a rapid adoption in enterprises as they enhance network structure and increase the efficiency of operations. The AOC market is largely driven by the growing demand for these cables in data centers, increasing investment by governments of various developed and emerging countries to improve connectivity within the region, growing demand for higher bandwidth and shift of the telecom sector towards faster optical networks.
AOC protocol includes InfiniBand, Ethernet, HDMI, DisplayPort, USB, and others. Currently, the InfiniBand segment holds significant share in the overall market, owing to its increasing usage in commercial applications such as data centers and high-performance computing.
According to a new report published by Allied Market Research, titled, World Medium Voltage Cables Market the global medium voltage cables market is expected to garner revenue of $54.2 billion by 2022, growing at a CAGR of 6.5% during 2016 – 2022. Asia-Pacific was the largest market of medium voltage cables, accounting for around 36% of the market revenue in 2015. Increasing requirement of electricity due to rapid urbanization and industrialization is fueling the demand for medium voltage cables in the region.
The overhead installation segment accounted for the largest market share of about 57% in 2015. Factors such as lower installation cost and easier maintenance in comparison to underground cables has led to its wider adoption, primarily in developing economies. However, the submarine installation is expected to be the fastest growing segment owing to increasing investments in the offshore wind generation technology for power generation. The underground segment is expected to grow at a notable pace on account of longer life, lower transmission losses, and limited space availability for new overhead installations.
A new report published by Allied Market Research titled, World Hybrid Devices Market, signifies that the world hybrid devices market is likely to reach revenue of $30.92 billion by 2022, growing at a CAGR of 25.6% from 2016 to 2022. Asia-Pacific is expected be the largest market for hybrid devices during the forecast period owing to the growth in personal use, educational institutions, and IT & telecom sectors.
According to a new report published by Allied Market Research, titled, World Precision Agriculture Market – Opportunities and Forecasts, 20152022, the global precision agriculture market is expected to generate revenue of $7.8 billion by 2022, growing at a CAGR of 14.9% from 2016 to 2022. Precision agriculture is a farming technique associated with application of different technologies and solutions to enable efficient farming and improve crop yield. It presents significant potential in enhancing food productivity while at the same time providing sustainable management of resources.
Facial Recognition Market is Expected to Reach $9.6 Billion, Worldwide, by 2022-Allied Market Research
According to a new report published by Allied Market Research, titled, World Facial Recognition Market – Opportunities and Forecasts, 20152022, the global facial recognition market is expected to generate revenue of $9.6 billion by 2022, growing at a CAGR of 21.3% from 2016 to 2022. Facial recognition is a biometric technology that selects facial features of an individual and compares them with an available database to provide identification and authorization. North America is expected to dominate the market throughout the forecast period, owing to the high expenditure on security systems by government agencies in the region.
A new report by Allied Market Research, titled, “Smart Material Market,” projects that the world smart material market is expected to generate revenue of $72.63 billion by 2022, with an estimated CAGR of 14.9% from 2016 to 2022.
In the year 2015, Asia-Pacific was the highest revenue-generating region, owing to high adoption of products developed by using smart materials in various end-user industries such automotive, manufacturing, construction, and defense along with large number of small players offering smart materials. Furthermore, the region is projected to continue its dominance throughout the forecast period, due to increasing adoption of Internet of things (IoT) applications. North America was the second largest market, in terms of revenue generation, followed by Europe. Major factors that boost the smart material market in Asia-Pacific region include growing geriatric population, declining prices of smart materials, and improving standards of living in countries such as India, China, and Japan. In addition, evolution in IoT and increasing demand for connected devices are projected to drive the market growth worldwide.
Read more details of the report at: https://www.alliedmarketresearch.com/smart-material-market
In the year 2015, the actuator & motor segment dominated the market with around 44% share, owing to high performance, innovation, and continuous improvements in variety of industrial applications. In terms of growth, the sensor segment is projected to expand at the highest CAGR of around 18% during the forecast period. This is attributed to widening applications of connected devices equipped with smart sensors by end users.
Among key end users, industrial segment led the market followed by defense & aerospace, both collectively accounted for around 62% of the market revenue in 2015.
The world smart material market is classified based on geography into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific generated the largest revenue in 2015, followed by North America. Asia-Pacific is projected to expand at the highest CAGR of around 16% during forecast period.
Key Findings of the Study:
- Major driving forces for the growth of smart material market are increasing penetration of consumer electronics, rising uptake of connected devices among various end-user industries, and continuous technological advancements.
- Transducer segment dominated the smart material market in 2015; however, the sensor segment is expected to grow at a fastest CAGR.
- Asia-Pacific dominated the market in 2015, and is expected to register the fastest growth over the forecast period.
The report features a competitive scenario of the world smart material market. It provides a comprehensive analysis of key growth strategies adopted by major players. Key players adopt product launches, digital expansion, and mergers & acquisitions as their key growth strategies to expand their presence and gain a competitive edge. Companies profiled in the report include KYOCERA Corporation, Noliac A/S, APC International, Ltd., TDK Corporation, CTS Corporation, Channel Technologies Group, LLC, LORD Corporation, Advanced Cerametrics, Inc., Metglas Inc., and CeramTech GmbH.