Adoption of Internet of Things is propelling Digital Transformation Market Growth over the forecast period

The global Digital Transformation Market is expected to reach USD 798.44 billion by 2025, according to a new study by Grand View Research, Inc. The increasing necessity for the introduction of innovative solutions that are capable of engaging customers or employees to integrate process, data, IT and business and the increasing demand for the adoption of Internet of Things (IoT) are propelling market growth.

us-digital-transformation-market.png

Digital transformation allows organizations to tackle disruptive changes such as marketplace fluctuation, and corporate restructuring, among others, occurring in their markets and customer base by designing new products, services, and business models leveraging digitalization. These newly designed solutions are generally a mix of digitally stored historical information about business activities and the customers Furthermore, they facilitate the transformation of traditional processes, business activities, and models to take advantage of the upcoming changes and opportunities of digital technologies.

Moreover, factors such as optimization of end-to-end customer experience and improvement in operational flexibility are promoting the growth of digital transformation along with the recognition of new revenue sources.

Browse Full Research Report on Digital Transformation Market:
http://www.grandviewresearch.com/industry-analysis/digital-transformation-market

Further key findings from the study suggest:

  • The hosted deployment segment is anticipated gain momentum owing to advantages such as convenience, lower cost, and better security. The segment is estimated to grow at a CAGR of 22.3% over the forecast period
  • The healthcare segment is presumed to find the highest growing application and is estimated to grow at CAGR of 19.5% over the next eight years. This can be attributed to the increasing focus of the healthcare providers towards improving the patient care by implementing digital process and technology
  • North America accounted for the largest share in 2016 owing to growing customer interaction through smart devices such as tablets, smartphones, and phablets, among others in this region
  • Furthermore, the presence of leading players such as IBM Corp., CA Technologies, and Hewlett Packard Enterprise Co, among others in the North American region is a key factor contributing to the regional market dominance
  • The Asia Pacific regional market is expected to grow at the highest CAGR over the next eight years. This can be attributed to the growing demand for the application of the Internet of Things.
  • The key industry participants include SAP SE, IBM Corporation, Oracle Corporation, Google Inc., Dell EMC, Hewlett Packard Enterprise Co., CA Technologies, Microsoft Corporation, Adobe Systems Incorporated, Accenture plc, Capgemini Group, Apple Inc., and Kellton Tech Solutions Ltd.

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the global digital transformation market on the basis of type, deployment, enterprise size, end-use, and region:

Type Scope (Revenue, USD Billion; 2014 – 2025)

  • Solution
    • Analytics
    • Cloud Computing
    • Mobility
    • Social Media
    • Others
  • Service
    • Professional Services
    • Implementation & Integration

Deployment Outlook (Revenue, USD Billion; 2014 – 2025)

  • Hosted
  • On-premise

Enterprise Size Outlook (Revenue, USD Billion; 2014 – 2025)

  • Large Enterprise
  • Small and Medium Enterprise

End-use Outlook (Revenue, USD Billion; 2014 – 2025)

  • BFSI
  • Government
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others

Regional Outlook (Revenue, USD Billion; 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • MEA

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-digital-transformation-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Research and Development Investment by Large Number Of Industry Player Is Expected To Fuel Wearable Technology Market Growth Till 2022

The global Wearable Technology Market is anticipated to reach USD 196.5 billion by 2022, according to a new study by Grand View Research, Inc. Research and development investment by large number of industry player is expected to fuel growth over the forecast period.

Increasing disposable income worldwide is expected to fuel industry growth over the forecast period. Technological advancement, price, quality, and battery life influence the buying decision of the end-users. The emergence of 3D printing solution and crowd funding is expected to positively impact the wearable technology market.

wearable-technology-market

Increasing smartphone penetration worldwide is expected to propel industry growth over the forecast period, owing to increasing wearable device compatibility. Advancement in semiconductor electronics is expected to favor more efficient and effective products, thereby fuel revenue growth over the next seven years.

Various health and economic benefits are expected to contribute to overall industry development. For instance, advertisement agencies can bring down research cost through the use of eye-wear, which can allow enhanced data collection of customers’ feedbacks. Low battery life and high cost of some of the devices may hinder the industry growth over the forecast period. Data privacy concern may also adversely affect the industry demand.

Browse Full Research Report on Wearable Technology Market http://www.grandviewresearch.com/industry-analysis/wearable-technology-market

Further key findings from the study suggest:

  • The global industry is innovation driven and continuously evolving. The products available in the market include wrist-wear, neck-wear, body-wear, eye-wear and foot-wear. Companies such as Nike, Garmin, GOQii are offering wrist-wear for fitness and sport and healthcare application.
  • Applications include healthcare, fitness and wellness, infotainment, enterprise and industrial, and defense. Increasing concern about fitness and health among urban population is anticipated to drive demand over the forecast period. Advancement in virtual reality technology is expected to favor the infotainment segment over the next seven years. Government initiative to enhance their defense capability and provide soldiers with advanced technology is anticipated to drive investment in this sector.
  • North America wearable technology market is estimated to be the key regional segment and is anticipated to grow at a CAGR of around 32% over the next seven years. Increasing in awareness about the benefit of this technology will drive demand in Asia Pacific over the forecast period. Asia Pacific is expected to be key component manufacturing hub over the forecast period owing to availability of cheap resources. The region was valued over USD 3 billion in 2014, and is expected to grow at a CAGR of over 36% from 2015 to 2022.
  • Companies operating in the industry include Apple Inc., Adidas AG, Garmin, Fitbit, Nike, Inc., Google Inc., Jawbone, Sony Corp, Samsung Electronics Co. Ltd., and Xiaomi. In March 2014, Google Inc. launched Android operating system for wearable technology. CuteCircuit Technologies is a company that designs and develops wearable garments for both men and women.

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the wearable technology market on the basis of product, application and region:

Wearable Technology Product Outlook (USD Billion, 2012 – 2022)

  • Wrist-wear
  • Eye-wear
  • Foot-wear
  • Neck-wear
  • Body-wear
  • Others

Wearable Technology Application Outlook (USD Billion, 2012 – 2022)

  • Fitness and sports
  • Healthcare
  • Infotainment
  • Defense
  • Enterprise and industrial

Wearable Technology Regional Outlook (USD Billion, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • ROW

Access Press Release of this Report: http://www.grandviewresearch.com/blogs/technology

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Momentous Growth Opportunities in Medical Sensors Market worth $18.5 Billion By 2024: Grand View Research, Inc.

The Medical Sensors Market is expected to reach USD 18.5 billion by 2024, according to a new report by Grand View Research, Incite upsurge in the number of patients afflicted with chronic conditions, such as diabetes and hypertension, is fueling the usage of monitoring as well therapeutic devices, thus boosting the market demand.

The target population for this market is patients with chronic illnesses, as such conditions necessitate regular checkups and intermittent or continuous patient monitoring. The rise in population of chronically ill patients further increases the uptake of the medical sensors.

medical-sensors-market

The geriatric population is highly prone to developing chronic disorders and they pose a higher risk of developing age-related deformities and complications. Moreover, the adoption of unhealthy food habits and sedentary lifestyles and the resultant surge in the incidence of obesity has led to the increasing prevalence of lifestyle disorders including diabetes. The presence of a large target population base combined with the prevalence of lifestyle-related risk factors is likely to accelerate the growth of the medical sensors market during the forecast period.

Technological advancements in terms of accuracy, portability, and affordability associated with the new generation medical sensors resulted in the increased usage of these devices; for instance, the introduction of easy-to-operate, home-based diagnostic kits that are cost effective.

Browse full Research Report on Medical Sensors Market: http://www.grandviewresearch.com/industry-analysis/medical-sensors-market

Further key findings from the study suggest: 

  • The biosensors products segment held a lucrative share of over 40.0% in 2015. This is ascribable to the following attributes of the novel biosensors: durability, reliability, and accuracy. Moreover, their applications in the healthcare areas, such as the detection of drug abuse, glucose monitoring for diabetes, the detection of cholesterol, and others. All these elements governed the growth of this segment in 2015.
  • The surgical applications of the sensors dominated the market in 2015. Whereas, the monitoring applications segment is projected to be the fastest growing during the forecast period. Advancements, such as wearable technology are anticipated to boost the demand for the monitoring devices market.
  • The hospitals registered a remunerative growth in 2015; this can be attributed to the presence of a well-developed healthcare infrastructure, which yields faster and accurate diagnosis. Moreover, the availability of well-equipped infrastructure coupled with the presence of skilled personnel and technologically advanced equipments contribute towards the lucrative growth of this segment.
  • North America held a considerably large share of over 35.0% in 2015 owing to the presence of leading sensor manufacturers, a well-planned medical reimbursement network, and the increasing disposable income
  • On the contrary, Asia Pacific is anticipated to be the fastest growing region with a CAGR of over8.0% over the forecast period. The favorable economic developments and the advancing healthcare system with the aid of supportive government initiatives are anticipated to further assist the growth. Moreover, the increasing base of the aging population in this region also, additionally impels the demand. According to the report published by the Ministry of Statistics, in India, 8.6% of the total population is aged above 60; hence, presenting a profitable opportunity for the market players to invest in this region.
  • The leading players of the medical sensors market include Analog devices, Inc., Avago technologies Ltd., Danaher Corporation, GE Measurement &Control Solutions, Inc., Honeywell International, Inc., Stellar technologies, Inc., OmniVision Technologies, Inc., Sensation AG, TE Connectivity Ltd., Micro-Epsilon Messtechnik GmbH Co. & KG, and NXP Semiconductors N.V.

Read Our Blog: http://www.grandviewresearch.com/blogs/healthcare

Grand View Research has segmented the medical sensors market on the basis of product, application area, end-use, and region.

Global Medical Sensors Market, by Product, Revenue (USD Million) 2013 – 2024

  • Pressure sensors
  • Temperature sensors
  • Image sensors
  • Accelerometers
  • Biosensors
    • Cholesterol sensors
    • Blood glucose sensors
    • Pregnancy testing
    • Drug discovery
    • Infectious diseases
    • Others
  • Flow sensors
  • SQUID sensors
  • Others

Global Medical Sensors Market, by Application, Revenue (USD Million), 2013 – 2024

  • Surgical
  • Diagnostic
  • Therapeutic
  • Monitoring
  • Others

Global Medical Sensors Market, by End-use, Revenue (USD Million), 2013 – 2024

  • Hospitals
  • Physician offices
  • Nursing home
  • Home healthcare
  • Others

Medical Sensors Market, by Region, Revenue, (USD Million), 2013 – 2024

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-medical-sensors-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Asia Pacific IoT Market Is Predicted To Grow At A CAGR of approximately 16.0% over the next seven years

The Internet of Things (IoT) Market was worth USD 605.69 billion in 2014 owing to rising requirement for internet connectivity worldwide coupled with technological advancements. The emergence of start-ups in different industries to satisfy growing need of consumers is anticipated to result in increasing venture capital investments. The market is estimated to grow at 15.2 % to reach over USD 1.88 trillion by 2022.

iot-market.png

IoT market is projected to increase at a significant pace on account of its ability to improve efficiency and enable new services. IoT connects devices including industrial equipment and consumer electronics through a network that allows users to gather information and manage devices via software. Key factors that are expected to propel future growth include improving connectivity and internet access, data processing requirements and decreasing costs of internet enabled sensors. In addition, the market is likely to witness significant growth opportunities over the forecast period owing to increase in demand for gadgets such as wearable devices and futuristic elements including connected homes, vehicles, and cities coupled together with industrial internet of things (IIoT)

Browse Full Research Report on IoT Market: http://www.grandviewresearch.com/industry-analysis/iot-market

The absence of universally accepted standards that give rise to security and privacy issues are expected to hamper growth in the industry. Moreover, the introduction of stringent rules and regulation in the U.S and Europe to tighten data security and privacy for internet users are anticipated to restrict further market growth.

The global IoT market was dominated by device segment comprising of sensors and modules and contributed to over 30.0% of the overall market in 2014. The device segment is projected to witness significant growth opportunities through introduction of innovative IoT platforms as a substitute for competitor devices such as HomeKit by Apple Inc and Brillo by Googe Inc

A significant revenue share in the IoT market is anticipated to be occupied by the consumer electronics application segment followed by manufacturing and retail. The introduction of new concepts such as connected cars in the transportation sector is expected to propel demand for IoT over the forecast period. In 2014, about 25.0% of the overall industry was acquired by this segment.

Emerging economies such as Japan, India and China are expected to be the key drivers of IoT industry on account of manifestation of major component and technology manufacturers such as Huawei and Samsung coupled with the potential for the high-speed broadband internet. Asia Pacific is there by projected to grow at a CAGR of approximately 16.0% over the next seven years.

IoT is a dynamic market majorly fuelled by new product developments and enhancements in technology. Organizations are focussing on investing in IoT divisions, innovation labs, and R&D to obtain the first-mover advantage to expand globally and mark their presence. Key companies include major telecom and technology giants such as Alcatel-Lucent, Accenture PLC, Google Inc., Apple Inc., General Electric, IBM, Freescale Semiconductors, SAP SE and Samsung Electronics.

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the global IoT market on the basis of component, application and region:

IoT Component Outlook (Revenue, USD Billion, 2012 – 2022)

  • Devices
  • Connectivity
  • IT Services
  • Platforms

IoT Application Outlook (Revenue, USD Billion, 2012 – 2022)

  • Consumer Electronics
  • Retail
  • Manufacturing
  • Transportation
  • Healthcare
  • Others

IoT Regional Outlook (Revenue, USD Billion, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-iot-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Greater Energy Efficiency and Increased Environmental Friendliness Is To Added Fuel In The Overall Industry Growth Of LED Drivers Market 2024

The global LED (Light-emitting diode) Drivers Market size is expected to reach USD 14.19 billion by 2024 according to a new report by Grand View Research, Inc. LEDs are increasingly capturing more market share across lighting and display segments, which is anticipated to grow over the future owing to high-efficiency benefits. As the marketplace is driven by the concept of offering consumers with the most effective and efficient lighting products, LEDs win easily. LED lighting products are replacing the traditional lighting products due to numerous benefits such as longer life, greater energy efficiency, increased environmental friendliness, miniaturization, lower heat output and directionality.

asia-pacific-led-driver-market.png

The growing demand for IoT is compelling companies to make their products compatible with it, including LED lighting solutions. The concept of smart cities, an initiative by several governments to improve the energy efficiency in most populated cities, is expected to contribute to the industry growth. Companies are collaborating and joining forces to facilitate the deployment of public lighting systems to cities around the world connected with a remote management for energy saving and efficient maintenance. For example, recently in 2016, Vodafone and Philips Lighting collaborated for smart cities and connected lighting services.

Moreover, there is an increase in demand for drivers with small power loss, a lower system package, and lower cost for applications in the low- to mid-power range while still providing high reliability. In order to meet the requirements, driver manufacturers have been incorporating Primary-Side Regulation (PSR) to lower cost by eliminating secondary feedback circuitry as well as Power-Factor Correction (PFC) circuitry for higher power quality.

To Request For Sample Copy Of This Report: http://www.grandviewresearch.com/industry-analysis/led-drivers-market

Further key findings from the report suggest:

  • The constant current segment is anticipated to grow at CAGR of over 15% from 2016 to 2024. Constant current drivers provide greater system reliability for general lighting applications than constant voltage drivers. Moreover, it avoids the absolute forward current, which maximizes light output without overstressing LEDs ensuring matched luminous intensity essential for backlighting applications, display illumination, and LEDs. This has caused a shift of lighting market towards constant current drivers for a wide range of applications in commercial, residential and industrial sectors.
  • The outdoor lighting segment is anticipated to witness a strong growth with a CAGR of nearly 16% over the forecast period, owing to the increased investments in Europe and Asia Pacific. The German government is planning to reduce carbon emissions by 40% by 2020, which will increase the demand for Light-emitting diode lighting contributing towards the industry growth. Moreover, the digital signage segment is anticipated to grow significantly over the next eight years, creating a significant demand for LEDs fueling the LED drivers’ growth.
  • The commercial end-use segment is expected to grow at a CAGR of over 15% from 2016 to 2024. The segment has witnessed high adoption of LED lights as an alternative to HID, incandescent and fluorescent lighting owing to the growing construction of commercial buildings, retail stores and office spaces across countries such as India, China and Australia, which will drive the demand for energy efficient drivers.
  • Asia Pacific dominated the industry contributing to over 46% of the global revenue in 2015. Stringent government regulations across Asia Pacific are expected to fuel the demand for efficient lighting solutions. Moreover, a decline in the average selling price of drivers has resulted in a rise in the demand across the lighting industry.
  • Key industry participants include AC Electronics, Atmel Corporation, Cree, Inc., General Electric Company, Harvard Technology Ltd., Koninklijke Philips N.V., Lutron Electronics Co., Macroblock Inc., Maxim Integrated Products, Inc., NXP Semiconductor N.V., On Semiconductor Corporation, Osram GmbH, ROHM Semiconductors and STMicroelectronics N.V. Manufacturers operating in the market are investing immensely on R&D and focusing on product differentiation with advanced technologies owing to the competitive nature of the market.

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the global LED drivers market on the basis of supply type, application, end-use and region:

LED Drivers Supply Type Outlook (USD Million, Million Units, 2014 – 2024)

  • Constant voltage
  • Constant current

LED Driver Application Outlook (USD Million, Million Units, 2014 – 2024)

  • Automotive
  • Consumer electronics
  • Outdoor lighting
  • Signage
  • Others

LED Driver End-Use Outlook (USD Million, Million Units, 2014 – 2024)

  • Industrial
  • Commercial
  • Residential

LED Driver Regional Outlook (USD Million, Million Units, 2014 – 2024)

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • India
    • China
    • Japan
    • Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Access Press Release of This Report: http://www.grandviewresearch.com/press-release/global-light-emitting-diode-led-driver-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Industrial Internet of Thing Market size was valued at USD 109.28 billion in 2016 and is estimated to surpass $933.62 Billion By 2025

The global Industrial IoT Market is expected to reach USD 933.62 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand and adoption of cloud computing, coupled with the Scalability of IPv6-3.4X 10^38 IP address, are presumed to drive the market over the forecast period.

Businesses, across the globe, are seeking new operating models to create a connected enterprise for merging operational and information departments of the industry. This transformation is predicted to increase the overall productivity, enhance operational efficiency, improve visibility, and reduce the complexities of different processes in the industry.

germany-industrial-iot-market

The ability of IoT to reduce costs has been the prime factor for its adoption in the industrial sector. However, several significant investment incentives, such as increased productivity, process automation, and time-to-market, have also been boosting this adoption. The falling prices of sensors have reduced the overall cost associated with data collection and analytics.

An emerging trend among enterprises worldwide is the transformation of technical focus to improving connectivity in order to undertake data collection with the right security measures in place and with improved connections to the cloud. The emergence of low-power hardware devices, cloud integration, big data analytics, robotics & automation, and smart sensors are also driving IIoT market growth.

However, there are a few factors that are anticipated to limit the global IIoT growth. The major factors challenging the market growth are the lack of a defined protocol or standardization and use of old equipment. Security-related concerns, associated with big data, are also expected to limit the market growth.

To Request For Sample Copy Of This Report: http://www.grandviewresearch.com/industry-analysis/industrial-internet-of-things-iiot-market

Further key findings from the report suggest:

  • The global industrial IoT market size exceeded USD 100 billion in 2016 and is presumed to grow at a CAGR of over 25% from 2017 to 2025
  • Manufacturers are increasingly leveraging the benefits of IIoT solutions to enhance their analytics functionalities (through predictive maintenance), consolidate their control rooms, and track assets
  • The managed IIoT services segment is predicted to growth over the next eight years, as implementation of IoT technology requires integration of managed IIoT services at every layer of the IIoT ecosystem
  • The Asia Pacific regional market is anticipated to outgrow the North American market and emerge as the highest revenue-generating region, with China spearheading the growth, by the end of 2025
  • Large IT solutions & service providers are seeking IIoT platform, as a high-margin solution that generates a stable revenue stream via cloud-based revenue models

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the global Industrial Internet of Things (IIoT) market on the basis of component, end-use, and region:

Industrial IoT Component Outlook (USD Billion, 2014 – 2025)

  • Solution
    • Remote Monitoring
    • Data Management
    • Analytics
    • Security Solutions
    • Others
  • Services
    • Professional
    • Managed
  • Platform
    • Connectivity Management
    • Application Management
    • Device Management

Industrial IoT End-Use Outlook (USD Billion, 2014 – 2025)

  • Manufacturing
  • Energy & Power
  • Oil & Gas
  • Healthcare
  • Logistics & Transport
  • Agriculture
  • Others

Industrial IoT Regional Outlook (USD Billion, 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Latin America
    • Mexico
    • Brazil
  • Middle East & Africa

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-industrial-internet-of-things-iiot-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Growing sealing area in commercial and Residential Buildings is expected to influence the Smart Glass Market positively Till 2025

The global smart glass market size is expected to reach USD 9.98 billion by 2025, according to a new report by Grand View Research, Inc. The growing glazing area in commercial and residential buildings is expected to impact the market positively over the next few years. Architects are suggesting the use of smart technology for new buildings, which is expected to drive smart glass demand in the architectural segment.

High growth opportunities exist in the transportation sector as manufacturers are increasingly using smart glass as an alternative to conventional glass. In 2016, the new Mercedes-Benz SLC incorporated the Suspended Particle Devices (SPD) technology developed by Research Frontiers, Inc. Daimler AG and BMW AG have deployed smart glass in sunroofs and windows of their premium cars. Ferrari 575M Super America featured an electrochromic smart glass panel roof. Electrochromic smart glass is used in the fabrication of Boeing 787 Dreamliner windows.

The key factors contributing to the smart glass market growth include positive growth outlook of the construction industry, increasing automotive production, and rising investments in infrastructure projects. Moreover, growing restoration and renovation activities in commercial and residential buildings are providing ample replacement opportunities as the current buildings lack energy-efficient infrastructure.

To Request For Sample Copy Of This Report: http://www.grandviewresearch.com/industry-analysis/smart-glass-market

Further key findings from the report suggest:

  • The electrochromic segment is expected to account for a revenue share of close to 30% by 2025, owing to its increased adoption in smart windows for transportation and architectural applications
  • The consumer electronics segment is expected to grow at a significant rate as several manufacturers are focusing on implementing smart glass in their products
  • LG incorporated the technology in its new refrigerator, which featured darkened glass panel that illuminates upon an external stimulus to become transparent in order to reveal the fridge’s contents
  • The aircraft segment is expected to grow at a CAGR of more than 15% over the forecast period
  • Asia Pacific is expected to be the fastest-growing regional market, owing to increasing investments for the production of smart glass in economies such as Taiwan and Japan
  • The key industry players include Saint-Gobain S.A., Asahi Glass Co., Ltd., Corning Incorporated, and DuPont

Read Our Blog: http://www.grandviewresearch.com/blogs/technology

Grand View Research has segmented the smart glass market based on technology, application, and region:

Smart Glass Technology Outlook (Revenue, USD Million; 2014 – 2025)

  • Electrochromic
  • Polymer Dispersed Liquid Crystal (PDLC)
  • Suspended Particle Devices (SPD)
  • Thermochromic
  • Photochromic

Smart Glass Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Architectural
  • Transportation
    • Automotive
    • Aircraft
    • Marine
  • Consumer electronics
  • Power generation

Smart Glass Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
  • MEA

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-smart-glass-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com