Smart Windows by 2027: Future demanding technology

Surge in demand for products manufactured using smart glass in the construction sector and its influence on the automobile industry coupled with rigorous government regulations to control risk-oriented incidents have boosted the growth of the global smart windows market. However, lack of awareness on long-term benefits hampers the market growth. On the contrary, lowing prices of advance materials is expected to create lucrative opportunities in the near future.

According to the report, the global smart windows industry was pegged at $4.22 billion in 2019, and is projected to reach $8.97 billion by 2026, growing at a CAGR of 11.4% from 2019 to 2026.

OLED glass segment dominated the market

By type, the OLED glass segment held the largest share in 2019, accounting for more than two-thirds of the market, owing to its various advantages over conventional display technologies such as being light in weight and its flexibility. However, the self-repairing segment is expected to register the highest CAGR of 14.7% during the forecast period, due to its application in harsh environments such as industrial, automotive, construction, and manufacturing.

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Commercial segment to portray the fastest CAGR through 2026

The commercial segment is expected to manifest the fastest CAGR of 14.0% from 2019 to 2026, due to the high adoption of intelligent solutions in the commercial sector to operate automatically and conserve energy and reducing human efforts. However, the transport segment held the largest share in 2019, contributing to nearly half of the market. This is due to increase in demand for smart windows in commercial vehicles, trains, passenger vehicles.

North America region held the lion's share

The market across North America accounted for the largest share in 2019, holding nearly one-third of the total revenue. This is due to the presence of the largest residential and commercial sector that demands smart glass in their properties. However, the market across Europe is projected to portray the highest CAGR of 13.3% during the forecast period, as it is a multi-purpose building material and is widely used by architects, engineers, and designers.

Major market players

·         Pleotint LLC

·         Research Frontiers Inc

·         SAGE Electrochromics, Inc

·         Gentex Corporation

·         Polytronix, Inc

·         ChromoGenics

·         Stellaris Corporation

·         Smart Windows Colorado

·         Innovative Glass Corporation

·         View, Inc.

Vertical Farming: Future of Quality Food Source

Optimum usage of vertical space & energy utilization, ease in monitoring and harvesting of crops, and limited availability of arable land for carrying out traditional agriculture drive the growth of the global vertical farming market. However, high investments and technologies in development phase restrain the market growth. On the other hand, rise in urban population and surge in prominence of organic foods create new opportunities in the industry.

According to the report, the global vertical farming industry accounted for $2.23 billion in 2018, and is expected to garner $12.77 billion by 2026, registering a CAGR of 24.6% from 2019 to 2026.

The building-based vertical farms segment to maintain its dominant position by 2026

Based on structure, the building-based vertical farms segment contributed for the highest market share in the global vertical farming market in 2018, accounting for nearly three-fifths of the total share, and is expected to maintain its dominant position during the forecast period. This is due to rise in urban population, shortage of arable land, and rapid surge in the adoption of novel food production techniques.

However, the shipping container based vertical farms segment is expected to grow at the highest rate with a CAGR of 28.1% from 2019 to 2026, owing to less cost and time required for construction as compared to conventional agriculture.  

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The hydroponics segment to maintain its lead during the forecast period

Based on growth mechanism, the hydroponics segment held around two-fifths of the total market share of the global vertical farming market in 2018, and will maintain its leadership status during the forecast period. This is due to increase in prominence owing to its ability to manufacture more nutritious eatables in less space along with reduction of the cost associated with maintenance and labors.

Moreover, it can avoid usage of animal excreta that makes this process cleaner. On the other hand, the aeroponics segment is estimated to register the highest CAGR of 25.6% from 2019 to 2026, owing to reduced waste generation, labor cost, and minimal water requirement for producing fruits and vegetables. 

Asia-Pacific to continue its dominance throughout the forecast period followed by North America

Asia-Pacific held the dominant share, contributing to nearly half of the total share of the global vertical farming market in 2018, and will continue its dominance throughout the forecast period. This is due to the shift in consumer preferences, surge in pollution, food scandals, and rise in distaste that led to the growth of indoor farming and organic food in the region. North America would contribute the second-highest market share.

However, Europe is estimated to register the largest growth rate, with a CAGR of 26.0% from 2019 to 2026, owing to increase in the concerns toward the availability of water in some regions, which makes vertical farming an ideal solution as it consumes 90% less water than traditional farming and increases yield by nearly 70%. Moreover, it offers food security.

Leading Market Players

·         4D Bios Inc.

·         AeroFarms

·         Agrilution

·         AMHYDRO (American Hydroponics)

·         Everlight Electronics Co., Ltd.

·         Hort Americas

·         Illumitex Inc.

·         Koninklijke Philips N.V.

·         Urban Crop Solutions

Sky Greens

Rise in Usage of Internet Services Boosting Ethernet Cable Industry

 High speed and low latency of the cable, high reliability and low-security threats, and features like easy installation and connectivity have boosted the growth of the global ethernet cable market. However, high installation cost and limited physical availability of devices hamper the market. On the contrary, rise in demand for power over ethernet in industries is expected to create lucrative opportunities in the near future.

According to the report, the global ethernet cable industry was pegged at $7.60 billion in 2018 and is projected to reach $21.36 billion by 2026, registering a CAGR of 13.5% from 2019 to 2026.

The copper cable segment dominated the market

Based on type, the copper cable segment held the largest share in 2018, contributing to more than half of the global ethernet cable market, owing to its robust design, ease of availability, and economical deployment. However, the fiber optic cable segment is projected to register the fastest CAGR of 18.3% during the forecast period, due to its ability to fast transfer of data.

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The industrial segment to manifest the fastest growth through 2026

By application, the industrial segment is expected to portray the fastest CAGR of 13.1% during the forecast period, due to growth in industrial sector demands ethernet cable deployment at working sites. Moreover, the commercial segment held the largest share in 2018, accounting for nearly half of the global ethernet cable market, owing to the developed commercial sector among various countries around the globe. The report includes an in-depth analysis of the segments such as residential and commercial.

North America region held the lion's share

The global ethernet cable market across North America held the largest share in 2018, accounting for more than one-third of the total revenue, due to technologically developed infrastructure and construction of data centers in the region. However, the market across Asia-Pacific is expected to manifest the fastest CAGR of 16.8% during the forecast period, owing to rising digital trends in the residential, commercial, and industrial sectors.

Major market players:

·         Belden Inc.

·         Nexans

·         General Cable Technologies Corporation

·         Siemon

·         SAB Bröckskes GmbH & Co. KG

·         Anixter Inc.

·         Schneider Electric

·         Commscope

·         Siemens AG

·         Prysmian Group

Smart Lighting Industry Outlook, Trends and Analysis

Rising demand for street lighting systems, increasing need for energy-efficient lighting systems, and high penetration of LED bulbs and lightning drive the growth of the global smart lighting market. However, high installation and maintenance cost in smart lightning system hampers the market growth. On the contrary, advent of IoT and AI technology for smart lightning and developments in smart city projects in Asia-Pacific region are expected to create lucrative opportunities in the near future.

According to the report, the global smart lighting industry was pegged at $8.68 billion in 2018 and projected to $38.68 billion by 2026, registering a CAGR of 20.5% from 2019 to 2026.

The hardware segment dominated the market

The hardware segment held the largest share in 2018, contributing to nearly three-fourths of the global smart lighting market, owing to rise in use of multiple devices within a premise for automation of lighting control that demands the use of hardware. However, the software segment is projected to register the fastest CAGR of 23.5% during the forecast period, owing to advancements of software that control the hardware.

The LED lighting technology segment to manifest fastest growth through 2026

The LED lighting technology segment is expected to portray the fastest CAGR of 23.4% during the forecast period. Moreover, the segment held the largest share in 2018, contributing to more than two-fifths of the global smart lighting market, owing to rise in penetration of LEDs in residential, commercial, and industrial sectors coupled with advancement of LEDs. The report includes analysis of other segments such as Halogen, incandescent, fluorescent, and CFL.

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The Indoor lighting segment held the largest share

The indoor lighting segment accounted for the largest share in 2018, contributing to more than two-thirds of the global smart lighting market, owing to adoption of smart infrastructure in developed and developing countries within homes, retail stores, offices, and other premises. However, the outdoor lighting segment is expected to register the fastest CAGR of 22.7% during the forecast period, owing to increase in government initiative for smart city projects.

North America held the lion's share

The global smart lighting market across North America dominated in 2018, contributing to more than one-third of the market, owing to high disposable income and fast adoption of automation in residential and commercial sectors. However, the market across Asia-Pacific is anticipated to manifest the fastest CAGR of 23.7% during the forecast period, owing to rapid adoption of advanced technologies for sustainable development.

Major market players

·         Acuity Brands, Inc.

·         Cree, Inc.

·         Cisco Systems, Inc.

·         Deco Lighting, Inc.

·         Eaton

·         General Electric

·         Dialight

·         Koninklijke Philips N.V.

·         Honeywell International Inc.

Syska

Industrial LED Market: High Demand for Energy Saving Lighting

High demand for cost-effective & energy-saving LED lighting, government campaign toward LED adoption, and surge in need to replace traditional lighting have boosted the growth of the global industrial LED market. However, voltage sensitivity & temperature dependence, and high initial cost of LEDs hamper the market growth. On the contrary, surge in adoption of smart lighting technology is expected to create lucrative opportunities in the near future.

According to the report, the global industrial LED industry was pegged at $5.57 billion in 2018, and is projected to garner $20.16 billion by 2026, growing at a CAGR of 16.8% from 2019 – 2026.

The LED lamps segment dominated the market

Based on product, the LED lamps segment held the largest share in 2018, accounting for more than half of the global industrial LED market, owing to the increased demand for LED lamps and rapid development of smart cities. However, the LED fixtures segment is projected to register the highest CAGR of 19.0% during the forecast period. This is due to features such as longest life rating, best visual lighting, and rise in demand for the LED fixture.

Read Full Article: https://www.alliedmarketresearch.com/industrial-led-market-A06054

The outdoor lighting segment to manifest the fastest CAGR through 2026

Based on application, the outdoor lighting segment is anticipated to portray the fastest CAGR of 18.2% during the forecast period, owing to surge in need for longer service life of light panel/bulbs along with brighter light in outdoor applications. However, the indoor lighting segment held the largest share in 2018, accounting for nearly three-fourths of the global industrial LED market, owing to the features such as flexible design, energy efficiency, and prolonged durability of LEDs.

Asia-Pacific, followed by Europe and North America, held the lion's share

The market across Asia-Pacific held the largest share in 2018, contributing to nearly two-fifths of the market. This is due to technological development in the LED market and a surge in demand for low-power consumption lighting solutions. However, the market across LAMEA is estimated to register the fastest CAGR of 20.2% during the forecast period, owing to the inclination toward advanced technological products, increase in investments in the various industry verticals, and growth in R&D facilities in the region. The global industrial LED market across North America held more than one-fifth of the total market share.

Major market players

·         Cree, Inc

·         Dialight

·         Deco Lighting, Inc

·         General Electric

·         Eaton Corporation

·         OSRAM

·         Koninklijke Philips N.V.

·         Toshiba Corporation (Toshiba Tec Corporation)

·         Syska

·         Zumtobel Group AG

Rise in IoT and Automation Booming Smart Sensors Technology

Growing trend toward the Internet of Things, robust demand for smart sensors in the automobile sector, and growth in demand for smart sensors in the development of smart cities have boosted the growth of the global smart sensor market. However, incorporating smart sensors in devices reduces the life of the devices, which hampers the market growth. On the contrary, rise in adoption of wearable devices and innovative applications in the biomedical sector are expected to create lucrative opportunities in the near future.

The global smart sensor market was pegged at $37.12 billion in 2019, and is projected to reach $143.65 billion by 2027, growing at a CAGR of 18.6% from 2020 to 2027. The report provides an extensive analysis of changing market dynamics, market size & projections, top investment pockets, major segments, and competitive landscape.

The global smart sensor market is segmented on the basis of type, end use, and geography. Based on type, the market is categorized into touch sensor, image sensor, temperature sensor, motion sensor, position sensor, gas sensor, light sensor, pressure sensor, and others. The image sensor segment held the largest share in 2019, accounting for around one-fifth of the market. However, the light sensor segment is projected to register the highest CAGR of 25.2% during the forecast period.

Read Full Article: https://www.alliedmarketresearch.com/smart-sensors-market

Based on end use, the market is divided into automotive, consumer electronics, industrial, infrastructure, healthcare, and others. The automotive segment held the largest share in 2019, accounting for around one-fourth of the market. Moreover, the segment is anticipated to portray the highest CAGR of 21.7% during the study period.

The global smart sensor market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2019, accounting for nearly half of the market and is expected to manifest the highest CAGR of 19.8% during the forecast period. On the other hand, the market across LAMEA is expected to register a CAGR of 18.7% during the forecast period.

The global smart sensor market report includes an in-depth analysis of the major market players such as Analog Devices, ABB Ltd., Honeywell, Eaton, NXP Semiconductors N.V., Infineon Technologies, Siemens, Renesas Electronics, Texas Instruments, and STMicroelectronics.  

Neo and Challenger Bank: Future Banking Systems

Convenience & flexibility, higher interest rates offered as compared to traditional banks, and favorable regulatory scenario drive the growth of the global neo and challenger bank market. However, challenges related to profitability for digital banks hinder the market growth. On the other hand, rise in penetration of internet and smartphones along with untapped potential in developing nations create new opportunities in the coming years.

According to the report published by Allied Market Research, the global neo and challenger bank market generated $20.4 billion in 2019, and is estimated to reach $471.0 billion by 2027, registering a CAGR of 48.1% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Covid-19 scenario:

·         During the coronavirus pandemic, the revenue generated from interchange fees for neo and challenger banks will be reduced for few months, however, will rebound quickly.

·         Depositors who seek more safety during the economic turbulence do no favor neo banks, and been transferring their deposits to traditional and major banks, according to the Federal Reserve.

Neo and challenger banks have been rolling out contactless cards to curb the transmission of coronavirus.

The report offers a detailed segmentation of the global neo and challenger bank market based on service type, end user, and region. Based on service type, the loans segment contributed to the largest share in 2019, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, the payment & money transfer segment is expected to register the highest CAGR of 49.7% from 2020 to 2027.

Read Full Article: https://www.alliedmarketresearch.com/neo-and-challenger-bank-market

Based on end user, the business segment accounted for the largest share in 2019, holding nearly three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the personal segment is estimated to portray the highest CAGR of 50.0% during the forecast period.

Based on region, Europe contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 51.3% from 2020 to 2027.

Leading market players analyzed in the research include Atom Bank plc, Monzo Bank Limited, Fidor Solutions AG, MYbank, Movencorp, Inc., Simple Finance Technology Corporation, Number26 GmbH, UBank limited, Tandem Bank, and WeBank.

Head-Up Display(HUD): Business Strategies and Trends

Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market. However, its high cost hampers the market. On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players.

As per the report, the global head-up display (HUD) industry was pegged at $6.07 billion in 2019, and is expected to reach $19.11 billion by 2027, growing at a 20.1% CAGR from 2020 to 2027.

COVID-19 scenario:

·         As the majority of countries are still in lockdown, the demand for HUD and other display technologies is decreased.

·         Most of the manufacturing companies are not working up to their full potential, which negatively impacts the market.

·         Most of the raw materials and raw materials for HUD are manufactured in China. However, the ban on import-export with China imposed by China have hampered the market.

The combiner-based segment dominated the market

By type, the combiner-based segment held the largest share in 2019, accounting for more than half of the global head-up display market, owing to higher penetration rate of head-up displays in the aerospace and defense sector. However, the windshield-based segment is expected to register the highest CAGR of 22.8% from 2020 to 2027, due to the development of augmented reality technology.

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The aerospace segment to manifest the highest CAGR through 2027

By end user, the aerospace segment is expected to portray the highest CAGR of 24.2% during the forecast period, owing to increasing adoption of head-up displays by commercial and business aircraft. However, the automotive segment held the largest share in 2019, contributing to around three-fourths of the global head-up display market, enhanced safety features of premium vehicles.

Europe, followed by North America, held the lion's share

By region, the global head-up display market across Europe, followed by North America, held the lion's share in 2019, accounting for nearly two-fifths of the market. Moreover, the region is expected to manifest the highest CAGR of 22.0% during the forecast period, owing to presence of a significant number of OEMs.

Major market players

·         BAE Systems

·         Continental AG

·         Denso Corporation

·         Elbit Systems Ltd.

·         Nippon Seiki Co., Ltd.

·         Panasonic Corporation

·         Rockwell Collins

·         STMicroelectronics

·         Texas Instruments Incorporated

 Visteon Corporation