Top 5 Reasons for Driving Sales for Power Electronics

Surge in need for power management devices and rise in incorporation of power electronics components in electric vehicles drive the growth of the global power electronics market. However, complex processes of incorporation in advanced electronics devices hinder the market growth. Furthermore, increase in demand for plug-in electric vehicles (PEVs) is expected to create new growth opportunities for the market players.

According to the report published by Allied Market Research, the global power electronics market generated $23.25 billion in 2019, and is estimated to reach $36.64 billion by 2027, registering a CAGR of 5.7% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Covid-19 scenario:

• Several major market players have halted the production of power electronics devices amidst lockdown due the Covid-19 pandemic. There has been the supply shortage of raw materials such as silicon carbide and gallium nitride.
• The demand for power electronics is likely to decrease from the power industry. This is due to closure of most of the industrial units in which there has been huge demand for power.

The report offers a detailed segmentation of the global power electronics market based on device type, material, application, end-user, and region.

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Based on device type, the power module segment contributed to the largest share in 2019, accounting for nearly half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the power discrete segment is estimated to portray the highest CAGR of 7.4% during the forecast period.

Based on material, the silicon carbide segment accounted for the largest share in 2019, holding more than one-fourth of the total share, and is expected to maintain the largest share throughout the forecast period. However, the gallium nitride segment is expected to register the highest CAGR of 7.8% from 2020 to 2027.

Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, this region is expected to grow at the highest CAGR of 6.7% from 2020 to 2027. The report also analyzes regions including North America, Europe, and LAMEA.

Leading market players analyzed in the research include Fuji Electric Co, ABB Group, Microsemi Corporation, Infineon Technologies AG, Renesas Electronics Corporation, Mitsubishi, STMicroelectronics, Rockwell Automation, Toshiba Corporation, and Texas Instruments Incorporated.

Why super capacitors getting more traction over traditional capacitors?

Rise in demand in automotive applications, increase in demand for renewable energy systems, and supportive government regulations drive the growth of the global supercapacitor market. However, high costs of raw materials and low awareness hinder the market growth. On the other hand, increase in the demand for supercapacitor in solar and wind energy applications creates new opportunities in the coming years.

According to the report published by Allied Market Research, the global supercapacitor market generated $3.27 billion in 2019, and is estimated to reach $16.95 billion by 2027, registering a CAGR of 23.3% from 2020 to 2027. The report offers an extensive analysis of current market dynamics, top winning strategies, business performance, major market player’s analysis, and competitive landscape.

Covid-19 scenario:

• During the coronavirus pandemic, the operational restrictions on the manufacturing activities would take place due to shortage of raw materials.
• Moreover, the demand for supercapacitors has been decreased during the Covid-19 pandemic due to the restrictions on activities in the automotive, industrial, and consumer electronics sectors.

The report offers a detailed segmentation of the global supercapacitor market based on product type, module type, material, application, and region.

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Based on product type, the pseudocapacitors segment contributed to the largest share in 2019, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the hybrid capacitors segment is expected to register the highest CAGR of 25.0% from 2020 to 2027.

Based on module type, the 10 volts to 25 volts modules segment accounted for the largest share in 2019, holding nearly one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the above 100 volts modules segment is estimated to portray the highest CAGR of 27.2% during the forecast period.

Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. Moreover, the same region is expected to grow at the highest CAGR of 24.5% from 2020 to 2027. The research also offers detailed analysis of regions including North America, LAMEA, and Asia-Pacific.

Leading market players analyzed in the research include AVX Corporation, Cap-XX Limited, Panasonic Corporation, Nippon Chemi-Con Corporation, SPEL Technologies Private Limited, Ioxus Inc., Skeleton Technologies, Evans Capacitor Company, LS Mtron Ltd., and KORCHIP Corporation.

Microcontroller Industry: Future Growth and Projections

Rapid development in the automotive sector, rise in trend of working through automated machines & equipment, and broadening scope of electronic products and technology drive the growth of the global microcontroller market. On the other hand, chances for operational failure in extreme climatic conditions restrain the growth to some extent. However, high demand for electric and hybrid vehicles is expected to create lucrative opportunities for the key players in the industry.

According to the report, the global microcontroller industry was estimated at $16.49 billion in 2019, and is expected to hit $42.19 billion by 2027, registering a CAGR of 11.5% from 2020 to 2027.

COVID-19 impact-

• COVID-19 has impacted the global microcontroller market badly. The lockdown across the world has led to a significant decline in the manufacturing of office machinery, power tools, home appliances, and remote controls. Also, disruptions in the supply chain has aggravated the cause yet more.
• However, the government bodies in various regions are coming up with several relaxations on the current regulations. With this, the market is expected to retrieve its position very soon. 

The 32 bit microcontroller segment to dominate by 2027-

Based on product type, the 32 bit microcontroller segment accounted for more than two-fifths of the global microcontroller market revenue in 2019, and is expected to rule the roost by 2027. The same segment is also anticipated to portray the fastest CAGR of 12.5% throughout the forecast period. Increasing trend of working with automated machines & equipment and growing demand for automobiles & smart phones drive the segment growth.

Read Full News: https://www.alliedmarketresearch.com/microcontrollers-market

The automotive segment to lead the trail-

Based on application, the automotive segment contributed to nearly one-fourth of the global microcontroller market share in 2019, and is projected to retain its top status by the end of 2027. The same segment would also manifest the fastest CAGR of 14.2% from 2020 to 2027. Surge in use of numerous microcontrollers in automobile's electronics system and electronic control units propels the growth of the segment.

Asia-Pacific, followed by North America, garnered the highest share in 2019-

Based on geography, Asia-Pacific, followed by North America, hold the major share in 2019, generating more than two-fifths of the global microcontroller market. The region would also grow at the fastest CAGR of 13.4% during the study period. This is due to high adoption of IoT across several smart cities in the province.

Frontrunners in the industry-

• Panasonic Corporation
• Microchip Technology Inc.
• Renesas Electronics Corporation
• NXP Semiconductor
• Zilog, Inc.
• Texas Instruments Incorporated 
• STMicroelectronics N.V.
• Analog Devices, Inc
• Infineon Technologies AG

Adoption of IoT and AI in electronics drive the humidity sensor

Rise in demand for small-sized humidity sensors, increase in installation of personal weather stations, growth in automobile sector, and surge in adoption of IoT and AI in electronics drive the global humidity sensor market. However, need of improvement in technical specifications of humidity sensor restrains the market growth. On the other hand, development of vertical farming and precise farming create new opportunities in the coming years.

According to the report, the global humidity sensor market garnered $4.0 billion in 2019, and is estimated to reach $11.85 billion by 2027, registering a CAGR of 14.2% from 2020 to 2027.

COVID-19 Scenario

• The global lockdown due to novel coronavirus has impacted global supply chain. Various countries are taking initiative and providing financial support to their domestic market players in order to help them strengthening their market position.
• There will be a growing demand for humidity sensors from healthcare sector, as all countries are currently focusing and investing high to improve healthcare facilities.

The relative segment to maintain its lead status in terms of revenue throughout the forecast period

Based on product, the relative segment accounted for more than four-fifths of the global humidity sensor market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to operational simplicity and wide range of applications of relative humidity sensors. Moreover, this segment is estimated to portray the highest CAGR of 14.9% from 2020 to 2027. The report also analyzes the absolute segment throughout the forecast period.

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The digital segment to maintain its leadership position during the forecast period

Based on type, the digital segment contributed to the highest market share with nearly three-fifths of the global humidity sensor market share in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to increase in adoption of IoT devices. Moreover, this segment is estimated to portray the highest CAGR of 16.3% from 2020 to 2027. The report also analyzes the analog segment throughout the forecast period.

Asia-Pacific, followed by North America, to maintain its dominant by 2027

Based on region, Asia-Pacific, followed by North America, accounted for the highest share based on revenue, holding for more than half of the global humidity sensor market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is attributed to rise in technological innovations in the automotive industry. Moreover, this region is estimated to portray the highest CAGR of 15.6% from 2020 to 2027. The report also analyzes the regions such as Europe, and LAMEA.

Leading market players

• Amphenol Advanced Sensors
• Guangzhou Aosong Electronics Co., Ltd.
• Honeywell International Inc.
• Laird Connectivity
• Michell Instruments
• Renesas Electronics Corporation
• Schneider Electric
• Sensirion AG Switzerland
• TE Connectivity
• Texas Instruments Incorporated

Radar Industry Size and Share – Explore More!!

Increased territorial battles, advancements in radar technology, and rise in demand for radar systems in automotive & defense industry drive the growth of the global & Asia-Pacific radar market. However, adverse climatic conditions hamper the market. On the contrary, high investment from the developed countries in military sector is expected to create lucrative opportunities for the market players in the future.

According to the report, the global & Asia-Pacific radar market was pegged at $32.56 billion in 2019, and is projected to reach $49.43 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027.

Air traffic control segment dominated the market

By application, the air traffic control segment held the largest share in 2019, accounting for more than one-fourth of the global & Asia-Pacific radar market, due to surge in number of airports and air travel in developing countries and increase in need for efficient airspace management system. However, the ground traffic control segment is expected to manifest the highest CAGR of 5.1% from 2020 to 2027, owing to growing opportunities for the airports to integrate advanced taxing guidance systems based on the existing international standards and integrated technologies.

Read Full News: https://www.alliedmarketresearch.com/global-and-asia-pacific-radar-market-A06640

Automotive segment to portray highest CAGR through 2027

By end-user, the automotive segment is anticipated to register the highest CAGR of 5.8% during the forecast period, due to increase in demand for safety features in automobiles and rise in demand for comfort. However, the military and defense segment held the largest share in 2019, contributing to around two-fifths of the global & Asia-Pacific radar market, owing to rise in usage of electronic warfare system and UAVs that forced several countries to enhance their radar capabilities.

China held the lion's share

By region, the market across China held the largest share in 2019, due to demand from Chinese military for advanced compact size radar for navy's carrier fleet. However, the global & Asia-Pacific radar market across India is expected to register the highest CAGR of 7.7% from 2020 to 2027, owing to rapid innovations and technological advancements, followed by growing focus of government toward Make in India initiative in the defense sector.

Major market players

• Northrop Grumman Corporation
• SAAB AB
• Lockheed Martin Corporation
• Thales Group, Rockwell Collins Inc.
• L-3 Communications Holdings
• Honeywell International Inc.
• BAE Systems
• General Dynamics Corporation
• Dassault Aviation

Next Generation Video Surveillance System – Explore More!!

Increase in need for safety in risk-prone areas, transition from analog surveillance to IP cameras, and integration of IoT in surveillance cameras drive the global video surveillance market. However, high investments, scarcity of skilled professional in handling IP cameras, and surge in privacy concerns hinder the market growth. On the other hand, trend of smart cities development and rise in adoption toward spy and hidden cameras create new opportunities in the coming years.

According to the report, the global video surveillance industry garnered $42.94 billion in 2019, and is estimated to reach $144.85 billion by 2027, growing at a CAGR of 14.6% from 2020 to 2027.

Covid-19 scenario

• Countries such as China, India, Israel, Singapore, and others have been utilizing mass surveillance tools to track spread COVID-19 and quarantined patients.
• Strict video surveillance at hotspots and containment zones with the help of drones and CCTV cameras will play an important role in maintaining law and order during lockdown.   
• Many experts have questioned the privacy and security of data collected from various video surveillance tools.

The IP surveillance segment to maintain its lead position by 2027

Based on system type, the IP surveillance segment accounted for the largest market share in 2019, holding more than half of the global video surveillance market, and is estimated to maintain its lead position during the forecast period. This is attributed to surge in adoption of network cameras. However, the hybrid surveillance segment is estimated to maintain the highest CAGR of 17.5% from 2020 to 2027, owing to increase in hybrid recorder demand.

Read Full News: https://www.alliedmarketresearch.com/Video-Surveillance-market

The commercial segment to maintain its dominant share during the forecast period

Based on application, the commercial segment accounted for nearly one-fourth of the global video surveillance market in 2019, and is projected to maintain its dominant share during the forecast period. This is due to increase in demand for safety in commercial spaces. However, the infrastructure segment would grow at the fastest CAGR of 18.7% from 2020 to 2027, owing to emergence of remote monitoring.

Asia-Pacific to dominate, North America to follow

Based on region, Asia-Pacific accounted for nearly half of the global video surveillance market in 2019, and is estimated to maintain its dominant position by 2027. Moreover, this region is estimated to maintain the highest CAGR of 16.7% from 2020 to 2027. This is attributed to increase in security concerns, trend of smart city development, and urbanization in the countries such as India. However, North America contributed the second-highest market share in 2019, and will maintain its position by 2027.

Market players grabbing the largest pie

• HKVISION, Ltd.
• Bosch Security System
• Honeywell Security Group
• Dahua Technology
• FLIR
• Panasonic
• Avigilon
• Axis Communication
• Infinova
• Pelco

How Trade Finance Will Make Your Business Profitable?

 Surge in technological developments, increase in competition, and new trade agreements drive the global trade finance market. However, rise in trade wars and lack of focus on small- & medium-sized enterprises hinder the market growth. On the other hand, advancements in the field of global trade finances create new opportunities in the market.

According to the report, the global trade finance market was valued at $39.71 billion in 2018, and is estimated to grow $56.06 billion by 2026, witnessing a CAGR of 3.79% from 2019 to 2026.

The export and agency finance segment to maintain its highest share by 2026-

Based on product type, the export and agency finance segment held nearly four-fifths of the total share of the global trade finance market in 2018, and is expected to maintain its highest share throughout the forecast period. This is due to its highly structured financing solutions, improvement in exporters risk capacity, and ability of domestic companies to export goods and services across the world. On the other hand, the supply chain finance segment is expected to grow at the highest CAGR of 3.81% from 2019 to 2026, owing to the product permits that enable businesses to widen payment timelines for large corporations and small & medium sized enterprises.

Read Full News: https://www.alliedmarketresearch.com/trade-finance-market

The importers segment to contribute its dominant position during the forecast period-

Based on end user, the importers segment contributed to the highest market share in the global trade finance market, accounting for more than two-fifths of the total market share in 2018, and is estimated to retain its dominant position during the forecast period. This is due to challenges overcame by them through maintenance of working capital despite delays and complications during trading goods overseas. However, the traders' segment is expected to grow the largest CAGR of 3.92% from 2019 to 2026. This is due to traders being largely dealing under short term periods, holding assets to capitalize on short-term trends in the market.

LAMEA to maintain its dominant share by 2026, North America to follow-

Based on region, LAMEA accounted for the largest market share, contributing to more than two-fifths of the global trade finance market in 2018, and is estimated to maintain its dominant share throughout the forecast period. This is due to high oil production, large-scale exports, and better services from agency finances. North America is expected to hold the second-highest market share during the forecast period. However, Europe is expected to grow at the highest CAGR of 3.95% from 2019 to 2026. This is attributed to the involvement of export credit agencies (ECA) that carry out international trade, improve public policy from government agencies, and promote trade across the globe.

Leading market players

• Asian Development Bank (ADB)
• Bank of America
• BNP Paribas
• Citigroup Inc.
• Euler Hermes
• HSBC Holdings plc
• JPMorgan Chase & Co
• Mitsubishi UFJ Financial Group, Inc.
• Royal Bank of Scotland
• Standard Chartered Bank

Top 5 Factors Boosting Open Banking Industry

 Rise in adoption of new applications and services in the banking sector, supportive government regulations, and enhanced customer engagement with open banking APIs drive the growth of the global open banking market. However, lack of awareness regarding open banking, data security, and management of security threats hinder the market growth. On the other hand, collaboration activities between fintech firms and banks create new opportunities in the industry.

The global open banking market generated $7.29 billion in 2018, and is expected to reach $43.15 billion by 2026, growing at a CAGR of 24.4% from 2019 to 2026. The report provides an extensive analysis of changing market dynamics, market size & projections, top investment pockets, major segments, and competitive scenarios.

Based on financial service, the banking and capital markets segment contributed to more than half of the total share of the global open banking market in 2018, and is expected to maintain its lead share in terms of revenue during the forecast period. However, the payments segment is projected to witness the largest CAGR of 27.3% from 2019 to 2026. The research also discusses segments such as digital currencies and value-added services.  

Read Full News: https://www.alliedmarketresearch.com/open-banking-market

Based on distribution channel, the app market segment accounted for the highest market share with more than two-fifths of the total share in 2018, and is expected to continue its highest distribution during the forecast period. However, the distributors segment is expected to portray the highest growth rate with a CAGR of 27.0% from 2019 to 2026. The report also analyzes segments including bank channel and aggregators.

Geographically, North America held the highest share based on revenue, accounting for more than two-thirds of the global open banking market share in 2018, and is estimated to maintain its lead position throughout the forecast period. However, Europe is estimated to witness the highest CAGR of 24.0% from 2019 to 2026. The report also offers a detailed analysis of Asia Pacific and LATAM.

Leading market players analyzed in the research include BBVA Open Platform Inc., DemystData, Credit Agricole, Finastra, Figo GmbH, Jack Henry & Associates, Inc., FormFree, MineralTree Inc., Mambu GmbH, and NCR Corporation. They have adopted various strategies such as collaborations, partnerships, mergers & acquisitions, joint ventures, and others to gain a strong position in the industry.

5 Key Factors Which Boosts Health Insurance Industry

Increase in healthcare expenses, mandatory provision of healthcare insurance for public and private sectors, and rise in prevalence of chronic diseases have boosted the growth of the global health insurance market. However, stringent regulation and longer time for claim reimbursement and dearth of awareness of healthcare insurance in rural region hamper the market. On the contrary, innovation in healthcare insurance products is expected to create lucrative opportunities in the near future.

According to the report, the global health insurance industry was pegged at $3.15 Trillion in 2018 and is projected to reach $4.47 Trillion by 2026, registering a CAGR of 4.4% during the forecast period.

Public service providers segment dominated the market

The public service providers segment held the largest share in 2018, accounting for more than half of the global health insurance market, as these providers incur lower administrative costs as compared to private health insurance. However, the private service providers segment is projected to register the fastest CAGR of 4.5% during the forecast period, as private providers offer prompt referral to a consultant, advanced treatment option, and quick & flexible treatment time in private hospitals to subscribers.

Medical insurance segment held largest share

The medical insurance segment dominated the market in 2018, contributing more than two-fifths of the global health insurance market, owing to high costs incurred for expensive surgeries and increase in a number of road accidents. However, the income protection segment is estimated to manifest the fastest CAGR of 4.9% during the study period, owing to mandatory provision of income protection insurance implemented in developed countries.

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North America held lion's share

The market across North America held the largest share in 2018, contributing nearly one-third of the market, owing to high adoption of private insurance among the population, increase in population suffering chronic illness, and availability of high disposable income. However, the global health insurance market across Asia-Pacific is expected to portray the fastest CAGR of 4.9% through 2026, due to increase in awareness regarding benefits of using healthcare insurance.

Frontrunners of the market

• Berkshire Hathaway Inc.
• Prudential plc
• Nippon Life Insurance Company
• Dai-ichi Life Holdings, Inc.
• Kaiser Foundation Group of Health Plans
• Berkshire Hathaway Inc.
• New York Life Insurance Company
• Life Insurance Corporation of India