Technology

Electronic Skin Market to Garner with a Revenue of $1,719.38 Million by 2025

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According to a new report by Allied Market Research, titled, Electronic Skin Market by Application: Global Opportunities Analysis and Industry Forecast, 2020-2025, the Electronic skin market was valued at $464.04 million in 2020, and is projected to reach at $1,719.38 million by 2025, growing at a CAGR of 38.7% from 2021 to 2025.

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Electronic skin consists of stretchable network of sensors and flexible electronics, which are used in biometric prosthetics, intelligent robots, and others. It senses heat, pressure, temperature, and other influencing factors.

Electronicskin01
Electronic Skin Market

 

Wearable, ultrathin, and twistable & stretchable nature of electronic skin makes it suitable, in terms of usage & operations, for the users. In addition, its compact size and lesser number of wires fuel its adoption, thereby supplementing the market growth. In 2020, wearable technology segment dominated the market, in terms of revenue, due to increased disposable income across various developing and developed nations.

North America is anticipated to be the highest revenue contributor to the electronic skin market in 2020, accounting for around 37.90% share, owing to rise in investment on robotics technology.

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The report features a competitive scenario of the electronic skin market and provides a comprehensive analysis of key growth strategies adopted by the major players. The key players profiled in the study are MC10, Xensio, Rotex Inc. Intelesens ltd, Immageryworks Pty Ltd, Dialog Devices Limited, SmartLifeinc Limited, Xenoma Inc., Plastic electronic GmbH, and VivaLnK, Inc.

Key Findings of the Electronic Skin Market:

  • Wearable technology segment is anticipated to generate the highest revenue in 2020, accounting for $186 million.
  • North America is expected to dominate the market, in terms of market share, during the forecast period.
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Light Fidelity (Li-Fi)Light Communication Market to Rise with a Stupendous Growth by 2022

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Light Fidelity (Li-Fi)/Visible Light Communication Market report, published by Allied Market Research, forecasts that the global market is expected to garner $115 billion by 2022, registering a CAGR of 116.8% during the forecast period 2016 – 2022. In 2015, North America contributed major share in the market and will continue to lead throughout the forecast period.

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Light Fidelity (Li-Fi) is a very high speed, two-way wireless communication method which uses visible light from LEDs as the medium for transmitting the data by turning them on and off at very high frequency which human eyes cannot sense. This technology is an apt replacement for currently prevailing Wi-Fi technology as Li-Fi is considerably faster, has almost 10,000 times broader bandwidth because it uses visible light, and it is safe to operate in electromagnetic sensitive areas.

Light_Fidelity_(Li-Fi)

Li-Fi incorporates three major components, which are LED, photodetector, and microcontroller. Among the three components, in the year 2015, LED dominated the market by contributing over 40% share of the overall component segment revenue. Also, this segment is anticipated to grow with the highest CAGR 118.1% during the forecast period owing to its low cost, increased adoption in different applications such as households, offices, vehicles, airplanes and retail stores among others. Furthermore, LEDs are preferred over all other lighting systems as they can easily be turned off and on with the use of a microcontroller.

Under the industry vertical segment, retail industry contributed over 30% of the overall Li-Fi market, in 2015. Li-Fi enables the storekeepers to monitor the positioning of customers by tracing their location to improve shopping experience and provide notifications on their cellphones. However, healthcare sector would be the fastest growing industry and is expected to register highest CAGR 125.3% during the forecast period. This is because Li-Fi does not cause any electromagnetic interference and can safely be used with other medical apparatus such as CT scanner, MRI machine, X-ray machine, and ultrasound machine among others.

North America dominated the market in 2015 by accounting for around 40% of the total market revenue and it is expected to maintain its dominance throughout the forecast period. This is accredited to the presence of various research and development facilities in the region and investment for implementation of this technology by the major companies in the region.

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Asia-Pacific is anticipated to be the fastest growing region among others with CAGR of 121.7% during the forecast period. This is attributed due to the large electronic market in China and Japan as well as presence of several developing regions where governments promote the use of LED lights. In Asia-Pacific, China holds about 50% of the market at present and is expected to maintain its leading position throughout the forecast period.

Light Fidelity (Li-Fi)/Visible Light Communication MarketKey findings:

  • In 2015, LED component led the overall Li-Fi market revenue, and is projected to grow at a CAGR of 118.1% during the forecast period.
  • Retail industry vertical segment is projected to grow at a CAGR of 112.8% during the analysis period.
  • Asia-Pacific is anticipated to be the fastest growing region growing at a CAGR of 121.7% during the forecast period.

The key players in the Li-Fi market are focused on intensive research and development such as undergoing researches in Edinburgh University and the research facility of pureLiFi in United Kingdom, to improve their product quality and partnerships to reach untapped regions. Key players in the market have adopted product launch as their key strategy to grow in the market. For instance, launch of enhanced lighting named Atlanta for precise indoor positioning by acquity brands and the Li-Fi enabled router, LiFi-x by pureLiFi The key players profiled in the report include General Electric, Oledcomm S.A.S, Renesas Electronics Corporation, pureLiFi, LVX SYSTEM, Acuity Brands Lighting, Inc., Qualcomm technologies Inc., IBSENtelecom Ltd., Koninklijke Philips N.V., and Panasonic Corporation.

Rising Smartphone Uses pushes the Global 3D Display Market

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” Leading display manufacturers such as LG, Panasonic, Samsung and Sony have launched their 3D TVs and smartphone products in the market. The surge in 3D entertainment content would drive the adoption of 3D TVs, smartphones and monitors. By 2020, more than 50% of the TVs are expected to be 3D compatible. As a result of which, the TV application would continue to dominate the market.”

Allied Market Research published a report titled “Global 3D Display Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020.” The report expects the global 3D display market to attain a value of $112.9 billion by the year 2020 with a CAGR of 26.8% during the period 2014 – 2020. The usage of 3D displays in Smartphone and TV’s would boost up the global 3D display Market. It is estimated that about half of the global TV production would come with 3D display by the year 2013.

Among stereoscopic, HMD and volumetric, auto-stereoscopic and stereoscopic display would remain the most popular choice as a result of their higher usage in monitors, TVs and Smartphone. The LED backlighted LCD technology is commonly utilized for the 3D displays. Since, aforementioned technology is cost effective and efficient agaistn CFL technology, the use of 3D display could experience a rise in its production.

The entertainment & media industry is getting advanced because of climb in 3D substance. The developing number of HD-3D amusements would drive the uptake of 3D screens. Indeed among portable processing gadgets, the late dispatches of 3D tablets, notepad, PCs and laptops by organizations, for example, Samsung, Sony and Dell have increased customer awareness. The 3D open presentations are utilized for signage and publicizing. Understanding the business potential, Sony dispatched its initial 3D presentation keeping in mind the end goal to show FIFA 2010 matches in South Africa.

Driving presentation producers, for example, LG, Samsung, Sony and Panasonic have propelled their 3D TVs and cell phone items in the business sector. The surge in 3D entertainment substance would drive the selection of 3D TVs, cell phones and screens. By 2020, more than half of the TVs are required to be 3D perfect. As an aftereffect of which, the TV application would keep on commanding the business.

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Commercial Drones Market Expected to Reach $10,738 Million, Globally, by 2022

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Commercial Drones Market Report, published by Allied Market Research, projects that the global market was valued at $2,145 million in 2015, and is projected to reach $10,738 million by 2022, growing at a CAGR of 26.2% from 2016 to 2022.

Aircrafts that have the capability of autonomous flight with the help of an embedded program, and can be remotely operated from ground by a pilot are called as drones. Commercial drones are unmanned aerial aircrafts that are designed for commercial applications such as risk mitigation, resource planning, research & excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and others. The report includes the study of global commercial drone market with respect to three types of products including fixed wing drones, rotary blade drones, and hybrid drones.

The commercial drone market growth is driven by factors such as technological innovation in cameras & sensors and upsurge in application areas of drones. However, factors such as stringent government regulations regarding security & privacy and use of satellite imagery as a substitute to these drones are anticipated to hamper the commercial drone market growth during the forecast period. Increased application areas for commercial drones among various industry verticals and increased market for smartphones is expected to create lucrative opportunities for the commercial drone industry.

In 2014, the rotary blade segment dominated the global commercial drone market with around 71% share. This is attributed to evolution in imaging and sensory capabilities and development of smart cameras and new interfaces. Furthermore, the hybrid drones segment is projected to witness the highest CAGR of 29.6% during the forecast period, as hybrid drones possess the capabilities of both rotary and fixed wing drones.

In 2014, the agriculture & environment segment dominated the global market with around 28% share, followed by construction & archaeology. Furthermore, the construction & archaeology segment is projected to grow at the highest CAGR of 29.4% from 2016 to 2022, owing to increase in the need for surveillance of sites, map building, monitoring, project estimation, detailed topographic models, 3D modeling, and reconstruction services.

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The commercial drones market is categorized into four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor to the global market in 2014, accounting for around 39% share. The Asia-Pacific commercial drones market is projected to grow at the highest CAGR of 29.6% during the forecast period on account of the growing market for the media and entertainment industry, precision agriculture, construction sector, and others in countries such as India, China, Japan, and Australia.

The report features a competitive scenario of the global commercial drones market, and provides comprehensive analysis of key growth strategies adopted by major players. Some of the key players operating in the industry are SZ DJI Technology Co., Ltd., Parrot SA, 3D Robotics, Inc., Leptron Unmanned Aircraft Systems, Inc., PrecisionHawk Inc., Yuneec International Co. Ltd., Aeryon Labs Inc., AeroVironment, Inc., Trimble Navigation Ltd., and Insitu Inc.

Key Findings of the Commercial Drones Market:

The rotary blade segment dominated the global commercial drones market in 2014.
The hybrid drones segment is expected to grow at the highest CAGR of 28.3% from 2016 to 2022.
The construction & archeology segment is anticipated to present significant growth opportunities for key players operating in the global market.
North America dominated the global market in terms of market size, while Asia-Pacific is estimated to grow at a significant growth rate during the forecast period.

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Industrial and Commercial LED Lighting Market By Applications & End User Global Opportunity Analysis and Industry Forecast 2014 – 2022

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Light Emitting Diodes (LEDs) are semiconductor light source. These lights are often used in the lamps as a replacement of incandescent light sources. LEDs have longer life, require less power, small in size and are robust in nature. The advantages of LED over incandescent light lamps such as high efficiency, longer life span, high reliability, high brightness levels and condensed size are driving the LED market as a whole. Hence, LEDs are being used in various applications such as aviation lighting, camera flashes, traffic signals, headlights, etc., market players are adopting product launch as their key developmental strategy. Recently, GE Lightings launched a new bulb that can be connected to a smart-phone very economically. The key players in the global market are Philips Electronics, Digital Lumens, Inc., Cree Inc., Osram Licht AG, Dialight plc, Zumtobel AG, GE Lightings, Toshiba Corp. and Cooper Industries plc.Light Emitting Diodes (LEDs) are semiconductor light source. These lights are often used in the lamps as a replacement of incandescent light sources. LEDs have longer life, require less power, small in size and are robust in nature. The advantages of LED over incandescent light lamps such as high efficiency, longer life span, high reliability, high brightness levels and condensed size are driving the LED market as a whole. Hence, LEDs are being used in various applications such as aviation lighting, camera flashes, traffic signals, headlights, etc., market players are adopting product launch as their key developmental strategy. Recently, GE Lightings launched a new bulb that can be connected to a smart-phone very economically. The key players in the global market are Philips Electronics, Digital Lumens, Inc., Cree Inc., Osram Licht AG, Dialight plc, Zumtobel AG, GE Lightings, Toshiba Corp. and Cooper Industries plc.
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For the purpose of analysis, the global market is segmented into applications, end-users and geography. The application segment would comprise of indoor and outdoor applications such as airport lighting, corporate campus lighting, government & healthcare lighting, industrial warehouse lighting, residential lighting, municipal lighting, Restaurant lighting, etc. Further, various end users would be industrial & commercial users and architecture industries. The analysis is conducted in different geographic regions such as North America, Europe, Asia-Pacific and LAMEA.
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Haptic Technology Market By Components, Technology & Applications Global Opportunity Analysis and Industry Forecast 2014 – 2022

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Increasing demand of product differentiation to gain consumer loyalty is a major driving force to adopt advanced technologies. The adopted advanced technologies would make human interaction more appealing. The need for an advanced technology gave way to adopting Haptic technology that would make human and computer interaction possible. Haptic sensing technology is considered superior as compared to other sensing technologies that are used for human interface such as vision and auditions.

This technology delivers higher touch sensations while using electronic devices, and results in realistic virtual experience. Conventional touch screen lack in physical feedback, this barrier is eliminated by haptic technology as it delivers clearly identifiable tactical verification to improve safety by eliminating distractions. This virtual confirmation plays critical role in application areas like automotives, navigations etc.Haptics-Technology

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Switching cost of this technology is very high, which may not be affordable to many companies. This acts as a major limiting factor restraining the adoption in many application segments. Power consumption haptic technology based devices is impacting the adoption of this technology in smart phones and other handheld electronics devices.

Key companies that are profiled in this report are 3M, Apple, Cypress Semiconductor Corporation, Johnson Electric, Elo Touch Solutions, Samsung Electronics, National semiconductor, Immersion Corporation, Gesturetek and Alpine Electronics.

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Commercial drones are the fastest-growing part of the market

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Commercial Drones Market- Allied Market Research
Agriculture and Environment Commercial Drones Market

Commercial Drones Market Report, published by Allied Market Research, projects that the global market was valued at $2,145 million in 2015, and is projected to reach $10,738 million by 2022, growing at a CAGR of 26.2% from 2016 to 2022.

Aircrafts that have the capability of autonomous flight with the help of an embedded program, and can be remotely operated from ground by a pilot are called as drones. Commercial drones are unmanned aerial aircrafts that are designed for commercial applications such as risk mitigation, resource planning, research & excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and others. The report includes the study of global commercial drone market with respect to three types of products including fixed wing drones, rotary blade drones, and hybrid drones.

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The commercial drone market growth is driven by factors such as technological innovation in cameras & sensors and upsurge in application areas of drones. However, factors such as stringent government regulations regarding security & privacy and use of satellite imagery as a substitute to these drones are anticipated to hamper the commercial drone market growth during the forecast period. Increased application areas for commercial drones among various industry verticals and increased market for smartphones is expected to create lucrative opportunities for the commercial drone industry.

” Heavy investment in R&D activities related to drone technology have fueled the use of innovative tools for the development of commercial drones. In addition, increase in demand for GIS (geographic information system), LiDAR (Light Detection and Ranging), aerial & mapping services across various industries is expected to boost the adoption of commercial drones. In addition, increased demand for aerial imaging market in developing economies and rapid penetration of high definition cameras present lucrative opportunities to the commercial drone market. “

In 2014, the rotary blade segment dominated the global commercial drone market with around 71% share. This is attributed to evolution in imaging and sensory capabilities and development of smart cameras and new interfaces. Furthermore, the hybrid drones segment is projected to witness the highest CAGR of 29.6% during the forecast period, as hybrid drones possess the capabilities of both rotary and fixed wing drones.

In 2014, the agriculture & environment segment dominated the global market with around 28% share, followed by construction & archaeology. Furthermore, the construction & archaeology segment is projected to grow at the highest CAGR of 29.4% from 2016 to 2022, owing to increase in the need for surveillance of sites, map building, monitoring, project estimation, detailed topographic models, 3D modeling, and reconstruction services.

The commercial drones market is categorized into four regions, namely North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor to the global market in 2014, accounting for around 39% share. The Asia-Pacific commercial drones market is projected to grow at the highest CAGR of 29.6% during the forecast period on account of the growing market for the media and entertainment industry, precision agriculture, construction sector, and others in countries such as India, China, Japan, and Australia.

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The report features a competitive scenario of the global commercial drones market, and provides comprehensive analysis of key growth strategies adopted by major players. Some of the key players operating in the industry are SZ DJI Technology Co., Ltd., Parrot SA, 3D Robotics, Inc., Leptron Unmanned Aircraft Systems, Inc., PrecisionHawk Inc., Yuneec International Co. Ltd., Aeryon Labs Inc., AeroVironment, Inc., Trimble Navigation Ltd., and Insitu Inc.

Key Findings of the Commercial Drones Market:

  • The rotary blade segment dominated the global commercial drones market in 2014.
  • The hybrid drones segment is expected to grow at the highest CAGR of 28.3% from 2016 to 2022.
  • The construction & archeology segment is anticipated to present significant growth opportunities for key players operating in the global market.
  • North America dominated the global market in terms of market size, while Asia-Pacific is estimated to grow at a significant growth rate during the forecast period.

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