Friday, 17 January 2025

Real-time Location Systems Companies - Securitas Technology (Sweden) and Zebra Technologies Corp. (US) are the Key Players

The global real-time location systems market size is expected to grow from USD  6.03 billion in 2024 to USD 15.79 billion by 2029, at a CAGR of 21.2% from 2024 to 2029. Many sectors, such as manufacturing & automotive, logistics & transportation, and healthcare, are employing cost-effective RTLS solutions in order to improve operational efficiency and achieve cost optimization. Additionally, by adopting RTLS it has been observed that there are high return-on-investments and high productivity. These factors are contributing to the growth of RTLS Market.  

As of 2023, Securitas Technology (Sweden); Zebra Technologies Corporation (US); HPE Aruba Networking (US); Impinj, Inc. (US); Savi Technology (US); TeleTracking Technologies, Inc. (US); CenTrak, Inc. (US); and UBISENSE  (UK) are some major players in the RTLS market. These players strengthen their market position and geographic presence by developing innovative products, strategically partnering with other stakeholders, and acquiring small players.

Major Real-time Location Systems Companies include:

  • Securitas Technology (Sweden)
  • Zebra Technologies Corp. (US)
  • HPE Aruba Networking (US)
  • Impinj, Inc. (US)
  • Savi Technology (US)

Securitas Technology (Sweden)

Securitas Technology, a global leader in integrated security systems, was officially launched after Securitas acquired STANLEY Security in July 2022. This merger has positioned Securitas Technology at the security industry's forefront, leveraging legacy organizations' combined expertise and technological capabilities. The company is a part of Securitas AB, with a workforce of approximately 13,000 individuals, including over 5,100 field technicians. Securitas Technology dominates in 18 global markets, such as Canada, France, Mexico, Sweden, the UK, and the US. The company's extensive suite of customizable solutions includes video surveillance, access control, intrusion detection, fire safety, and integrated systems and related services, all designed to adapt and expand with the evolving security needs of its clients. The company offers a unified RTLS platform that forms the backbone of workplace efficiency. Utilizing existing Wi-Fi infrastructure and integrating advanced wireless technologies, this platform equips employees and managers with the tools to enhance safety, protect valuable assets, and optimize operational workflows, improving safety and efficiency across the organization.

Zebra Technologies Corp. (US)

Zebra Technologies Corp. is one of the leading providers of automatic identification and data-capturing technology-based products, such as mobile computing, barcode printing, and RFID devices, as well as other workflow automation products and services. The company operates through two business segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company caters to its customers in the RTLS market through the Asset Intelligence & Tracking segment. Zebra Technologies Corp. primarily serves the healthcare, retail, manufacturing, hospitality, transportation, and logistics industries. The company's offerings include hardware products and software platforms for RTLS. Wi-Fi, RFID, WhereNet, NFC, BLE, and UWB are among the key technology-based RTLS solutions offered by the company. Its RTLS solutions are equipped with active and passive RFID tags, beacons, and other tracking devices to locate, track, manage, and optimize high-value assets, equipment, and people. The company offers a range of scalable RTLS technologies that generate precise, on-demand information about the physical location and status of high-value assets.

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HPE Aruba Networking (US):

HPE Aruba Networking, a subsidiary of Hewlett Packard Enterprise Company (US), serves various industries, such as financial services, government and military, healthcare, education, hospitality, and retail. The company’s product portfolio includes hardware products such as switches, Wi-Fi access points, and gateways. RTLS hardware products include beacons and tags, which can be integrated into any existing Wi-Fi network in an enterprise or a locality. The company also helps deploy Wi-Fi networks for end users such as hospitals, research organizations, stadiums, hotels, and universities. It offers BLE-based tags, beacons, and sensors, which can be managed through mobile apps.

Service Robotics Industry worth USD 98.65 billion by 2029

The report "Service Robotics Industry by Environment (Ground (AGVs, Cleaning, Surgical, Humanoid), Marine, Aerial), Component (Airframe, Sensor, Camera, Actuator, Power Supply, Control System, Navigation System, Propulsion System and Software) - Global Forecast to 2029" The service robotics market is projected to grow from USD 47.10 billion in 2024 to reach USD 98.65 billion by 2029; it is expected to grow at a CAGR of 15.9% from 2024 to 2029.

The growing usage of robots for new applications providing high returns on investment coupled with the rising use of loT in robots for cost-effective predictive maintenance is a few key factors driving the service robotics market. There is a surge in demand to reduce hospital-acquired infections regularly, which has fueled the demand for disinfection robots. Furthermore, funding for service robotics research has increased significantly in recent years, with governments making substantial investments. By 2028, Al researchers in G20 countries are expected to contribute around USD 11.5 trillion to intelligent technologies.

The software segment for aerial service robots is expected to record the highest CAGR during the forecast period.

The software used in robots consists of a set of coded commands and a list of instructions that program them to perform specific tasks. Robotic software provides functionalities similar to an operating system, offering services such as hardware abstraction, low-level device control, common functionality implementations, inter-process communication, and package management. As robots become increasingly sophisticated, software becomes crucial for their control. The software segment for aerial service robots is projected to experience the highest CAGR during the forecast period, driven by various advancements. Numerous companies are developing software designed to map the 3D data collected by unmanned aerial vehicles (UAVs). This software is commonly used for the semi-automation of UAVs, helping to maintain stability, as takeoff and landing can be challenging for operators. Additionally, this feature is easy to program and cost-effective.

The hardware segment in by component segment is expected to account for a larger share of the service robotics market during the forecast period.

The hardware segment is anticipated to hold a larger share of the service robotics market during the forecast period, largely due to the emergence of innovative hardware designs. However, the sensors used in service robots can be quite expensive. Additionally, the batteries required for drones are often costly and must be replaced regularly, especially when the drones are used frequently for commercial purposes. This replacement contributes significantly to the overall operating costs of drones. Furthermore, new technologies such as exoskeletons and pool-cleaning robots remain relatively pricey for most urban households. Nonetheless, due to increased adoption and economies of scale, hardware costs are expected to decrease over time. As production processes become more efficient, the prices of hardware components are projected to decline, ultimately providing better cost benefits.

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China in Asia Pacific region is projected to hold the largest market share during the forecast period.

China holds the largest share of the service robotics market in the Asia Pacific region and will continue the trend during the forecast period. The main factor driving this market in China is the aging population. The country is experiencing a rapid demographic shift, with individuals aged 65 and older projected to constitute 26% of the population by 2050. This aging trend is leading to a labor shortage, which, in turn, is pushing up wages. As a result, the demand for professional robots in various sectors—such as logistics, security, and cleaning—is expected to rise significantly. Additionally, the growing elderly population will likely increase the demand for domestic and assistive robots. Consequently, the demand for delivery robots is also anticipated to grow rapidly.

The report profiles key players such as Intuitive Surgical Operations, Inc. (US), DJI (China), Daifuku Co., Ltd. (Japan), JD.com, Inc. (China), and iRobot Corporation (US).

 

 

Thursday, 16 January 2025

Gas Sensor Companies - Honeywell International Inc. (US) and MSA (US) are the Key Players

The gas sensor market is projected to reach USD 3,137.4 million by 2032 from USD 1,621.9 million in 2024 at a CAGR of 8.6% during the forecast period. Major growth drivers of this market include the rising implementation of gas sensors in industries with critical operations, including oil & gas, chemicals, mining, and power, as they require detecting toxic gases like methane (CH4), carbon monoxide (CO), hydrogen sulfide (H2S), and volatile organic compounds (VOCs) in such industries to prevent accidents. Global implementation and enforcement of several health and safety regulations are encouraging the adoption of gas sensors to ensure worker safety, environmental monitoring, and emission control, hence fueling the demand for the product across industries.

Some of the major players in the gas sensor market with significant global presence are include Honeywell International Inc. (US), MSA (US), Amphenol Corporation (US), Figaro Engineering Inc. (Japan), and Alphasense Inc. (UK). These players have incorporated various organic and inorganic growth strategies including collaborations, acquisitions, product launches, partnerships, agreements, and expansions to strengthen their international footprint and capture a greater share in the gas sensor market. These organic and inorganic strategies have allowed the market players to expand themselves across geographies by offering gas sensors.

Major Gas Sensor Companies Include:

  • Honeywell International Inc. (US)
  • MSA (US)
  • Amphenol Corporation (US)
  • Figaro Engineering Inc. (Japan)
  • Alphasense Inc. (UK)
  • Sensirion AG (Switzerland)
  • Process Sensing Technologies (UK)
  • ams-OSRAM AG (Austria)
  • Membrapor (Switzerland)
  • Senseair (US)
  • Nissha Co., Ltd. (Japan)
  • Fuji Electric Co., Ltd. (Japan)
  • Renesas Electronics Corporation (Japan)
  • Danfoss (Denmark)
  • Gasera (Finland)
  • Infineon Technologies AG (Germany)

Honeywell International Inc. (US) aims to expand its position as a leading provider of gas-sensing solutions for customers. The company has stressed on expansion strategy to tap business opportunities in emerging markets. The development of new and innovative products is also helping the company strengthen its brand image. For instance, the company launched a new infrared-based (IR) technology, Fs24x plus flame detector in October 2023. It detects hydrogen flames quickly and reliably. It helps protect workers and facilities from hydrogen production and usage risks. It mainly provides sensors based on gas sensing technologies, such as infrared, catalytic, and electrochemical, in the gas sensor market. The company is primarily involved in R&D for product innovation and invention, for which it has tied up with several universities. The company has an established geographic presence in the UK, Germany, China, Taiwan, and the US. It offers a wide range of gas sensors, thus catering to various applications, including those used in harsh and hazardous environments. The company offers over 300 different sensors sold in 48 countries worldwide.

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MSA (US) is a global manufacturer of safety instruments. The company offers a wide range of gas sensors and gas sensor-based products, including portable gas sensors, multiple-gas sensors, and connected/cloud-based safety services, to various industries. It provides portable gas sensors through its ALTAIR series, while the cloud-based devices are offered through its subsidiary Safety io, LLC, which is focused on using wireless technology and cloud-based computing to offer a broad range of connected and safety services. The company has manufacturing operations in the US, Europe, Asia, and Latin America. MSA offers its products to various markets, such as oil & gas, petrochemical, fire service, construction, mining, and military. MSA focuses on developing wireless devices and portable gas sensors; it is expected to grow significantly in the coming years as its gas sensors are equipped with cloud-based services. The company makes significant investments in research and development, which is reflected through its product offerings.

Asset Management System Companies - Zebra Technologies Corp. (US) and Honeywell International, Inc. (US)

 The asset management system market is projected to reach USD 26.41 billion by 2030 from USD 17.64 billion in 2025, growing at a CAGR of 8.4% during the forecast period. Key growth drivers in the asset management system market include the rising adoption of GPS tracking devices, advancements in IoT and AI, and government initiatives and regulations supporting real-time asset management.

Some of the major players in the asset maolutions (US). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, partnerships, agreements, and expansions to strengthen their footprint and enhance market share in the asset management system market.

Major Asset Management System Companies Include:

  • Honeywell International, Inc. (US)
  • Siemens AG (Germany)
  • Trimble Inc. (US)
  • Motorola Solutions (US)
  • TrackX Inc. (US)
  • Checkpoint Systems (US)
  • Impinj, Inc. (US)
  • Datalogic S.p.A. (Italy)
  • Infor Inc. (US)
  • GE Healthcare (US)

Zebra Technologies Corp. (US) is among the leading enterprise asset intelligence solution providers. Zebra designs, manufactures, and sells innovative solutions that assist organizations in enhancing their ability to operate more efficiently and make smarter business decisions. Its product line includes barcode scanners, mobile computers, RFID systems, and thermal printers. These solutions are applied across different retail, healthcare, manufacturing, logistics, and transportation industries. Zebra has diversified strategies, including organic growth strategies such as product introduction and seeking external growth strategies such as productivity enhancements through partnerships, acquisitions, and agreements, all aimed at strengthening Zebra Technologies' leading position in the asset management system market. For instance, in March 2024, Zebra Technologies Corp. launched the industry's smallest back-of-hand scanner designed to leave the palm free for more movement. This is especially useful in environments requiring fast and efficient asset tracking and management.

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Honeywell International Inc. (US) is among the leading technology and manufacturing companies designing and manufacturing innovative solutions to improve operational efficiency and support better business decisions. Honeywell specializes in creating asset management systems based on the latest technologies, including IoT, cloud computing, predictive analytics, and automation. Its portfolio ranges from Asset Performance Management (APM) solutions to connected building technologies, industrial automation systems, supply chain management tools, and advanced sensors and control systems, thereby allowing organizations to monitor, track, and optimize physical and digital assets in real-time and thereby improve uptime while reducing downtime and optimizing resources. Honeywell considers applying digital marketing approaches, especially product launches, as the basis for achieving superiority in the competitive landscape of the asset management system market. For instance, in October 2023, Honeywell Technologies launched Honeywell Forge Asset Performance Management (APM), an advanced software solution designed to optimize asset performance across various industries. It is an AI-powered asset performance management solution to optimize maintenance and reduce downtime.

Siemens AG (Germany) is among the leading technology providers, focusing on digital industries, smart infrastructure, mobility, and healthcare. Siemens offers various products and services, including industrial automation, digitalization solutions, building technologies, energy management, and medical devices. Recently, Siemens has been aggressively gaining momentum in the asset management system space through new product launches and investment in immersive technologies. For instance, Siemens AG (Germany) launched Siemens Accelerator in June 2023, a comprehensive digital business platform enabling companies to accelerate innovation, enhance competitiveness, and drive sustainability. It includes various tools and solutions for asset management, such as digital twins, predictive maintenance, and IoT connectivity.

Tuesday, 14 January 2025

Top Companies in AI in Supply Chain Industry - Kinaxis Inc. (Canada) and Manhattan Associates (US)

The AI in supply chain market is projected to grow from USD 9.15 billion in 2024 and is expected to reach USD 40.53 billion by 2030, growing at a CAGR of 28.2% from 2024 to 2030. Enhancement of supply chain efficiency through data-driven decision making is one of the major drivers for the market growth. Distribution systems are subjected to enormous amounts of data from many different sources. Therefore, big data and Al technologies are becoming inextricable components of such organizations, due to a strong reliance on data that is available from the Internet of Things (IoT). These days, companies attempt to make their consumer research more profound by making use of the technological tools, such or CRM systems, product ratings, and media controversies, and make their promotion efforts more precise.

Major players in the AI in supply chain market include SAP SE (Germany), Oracle (US), Blue Yonder Group, Inc. (US), Kinaxis Inc. (Canada), Manhattan Associates (US), IBM (US), Microsoft (US), Anaplan, Inc. (US), ServiceNow (US), and e2open, LLC (US) among others. New product launches, collaborations, and acquisitions were some of the key strategies adopted by the players in the AI in supply chain market ecosystem to enhance their product portfolios, increase their market share, and expand their presence in the AI in supply chain market.

For instance, in June 2024, Kinaxis Inc. (Canada) launched the first Al powered supply chain orchestration platform, Maestro. It integrates artificial intelligence, machine learning, and mobile technology in order to improve a seamless management decision making, visibility and agility of supply chain operations respectively.

Similarly, in May 2023, Manhattan Associates (US) launched its next-generation Yard Management solution. This cloud-native platform introduces real-time visibility, automation, and advanced scheduling capabilities aimed to help businesses better manage their inbound and outbound logistics.

Top AI in Supply Chain Companies

Kinaxis Inc. (Canada) is one of the leading providers of cloud-based subscription software that helps businesses accelerate and enhance their decisions in supply chain operations. The organization runs its business through four business division: SaaS, Subscription term license, professional services, and maintenance and support. Its flagship product, Rapid Response, is a supply chain planning platform that combines demand, supply, inventory, and capacity management. The company serves various industries, such as automobile, aerospace and defense, logistics, and retail. With registered offices in the US, Japan, Hong Kong, Netherlands, South Korea, UK, Romania, Mexico, Singapore, France, Ireland, Germany, India, and Canada, the company operates around the world, ensuring it can assist companies in working with their complex, dynamic supply chain challenges.

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Manhattan Associates (US) designs and delivers supply chain and omnichannel solutions. It specializes in software that optimizes inventory, distribution processes, and transportation. Manhattan Active applications are cloud-based but delivered through SaaS model, whereby scalability and updates are seamless. Major application domains of the Active applications are supply chain management, optimization of product inventory, omnichannel retail, which improves efficiency in operation, cost savings, and customer service among others. The platform offers the company warehousing and transportation management as well as solutions for omnichannel commerce that provide end-to-end visibility and streamlined operations for diverse industries.

 

 

Dimensional Measurement Market Revenue Trends and Growth Drivers – 2030

 Dimensional measurement systems enhance the quality and accuracy of manufacturing processes by detecting defects and inconsistencies early in production. Dimensional measurement refers to determining an object's geometric characteristics, including size, shape, and form. It plays a critical role in quality control and manufacturing processes by ensuring that products meet precise specifications and regulatory standards. This market encompasses tools, technologies, and systems such as coordinate measuring machines (CMMs), laser trackers, vision systems, and portable measurement devices. Major industries utilizing dimensional measurement include automotive, aerospace, electronics, medical devices, and consumer goods.

Advanced systems such as non-contact measurement solutions also enable the evaluation of delicate or complex components without risking damage. Additionally, these tools support reverse engineering and rapid prototyping by providing precise 3D models of existing parts. Overall, dimensional measurement enhances productivity, ensures compliance with international standards, and fosters product design and development innovation.

Impact of AI on the Dimensional Measurement Market

Artificial Intelligence (AI) has emerged as a transformative force in quality control, providing manufacturers with advanced tools to enhance the efficiency, scalability, and accuracy of dimensional analysis. In sensorless dimensional analysis, AI offers innovative solutions for processing large volumes of sensor data to extract dimensional information from products. Traditionally, dimensional measurements were conducted using physical sensors or through direct contact with the object being measured. However, AI enables sensorless measurement techniques by processing data from non-contact sources such as 3D scanners, analyzing this information to infer the product's dimensions. These technologies outperform traditional methods by offering better learning, real-time, and improved accuracy, while also reducing the costs associated with physical sensors and measurement devices.

Technological advancements like AI-powered optical measurement driving the dimensional measurement market

Technological advancements have played a pivotal role in driving the growth of the dimensional measurement market, particularly with the emergence of high-precision technologies such as laser interferometers and advanced coordinate measuring machines (CMMs). These innovations have significantly enhanced measurement accuracy and efficiency, making them essential in complex manufacturing environments where precision is critical. Laser interferometers, for instance, utilize the interference of light to measure displacement with remarkable accuracy, while advanced CMMs provide automated, high-precision measurements of physical objects in three dimensions. These technologies have paved the way for more effective and consistent quality control in the aerospace, automotive, and electronics industries. Furthermore, newer innovations like AI-powered optical measurement systems and Light Detection and Ranging (LADAR) technology have expanded dimensional measurement capabilities. AI-powered optical systems integrate machine learning algorithms to analyze and interpret measurement data in real time, enhancing speed and accuracy while reducing human error.

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High costs of advanced dimensional measurement systems

One significant challenge in the dimensional measurement market is the high initial investment costs associated with advanced systems such as coordinate measuring machines (CMMs) and laser scanners. While offering unparalleled precision and efficiency, these systems require a substantial financial outlay, making them inaccessible for many small and medium-sized enterprises. This financial constraint can deter these businesses from adopting such technologies, even when they could significantly enhance quality control and production accuracy. Consequently, the high costs limit the market’s growth potential, especially in regions with a prevalence of cost-sensitive industries.

Some players in the dimensional measurement market includes Hexagon AB (Sweden), Carl Zeiss AG (Germany), FARO Technologies (US), Mitutoyo Corporation (Japan), Nikon Metrology NV (Belgium), KEYENCE CORPORATION (Japan), and Renishaw plc (UK).

Recent Developments

The dimensional measurement market has experienced significant advancements in recent years, with portable and wireless measurement devices gaining popularity due to their flexibility and convenience. Non-contact measurement technologies, such as 3D laser scanners and structured light systems, have further transformed the market by enabling faster and more precise data acquisition. For instance, in December 2024, Nikon Metrology NV introduced the NEXIV VMF-K Series, a next-generation video measuring system developed to address growing inspection needs in the semiconductor and electronics industries. The VMF-K Series ensures stable micron-level measurements while enhancing throughput, supporting stringent quality control in semiconductor manufacturing.

Wearable Technology Companies -Signify Holding (Netherlands) and Acuity Brands, Inc. (US) are the Key Players

 

The Wearable Technology market is projected to grow from USD 70.30 billion in 2024 and is projected to reach USD 152.82 billion by 2029; it is expected to grow at a CAGR of 16.8% from 2024 to 2029. The major factors driving the market growth of the wearable technology  market include increasing growth prospects of next-generation displays in wearable devices

The major players in the wearable technology market with a significant global presence are Apple Inc. (US), Garmin Ltd. (US), SAMSUMG (South Korea), Sony Group Corporation (Japan), Huawei Technologies Co., Ltd. (China), LG Electronics. (South Korea), Alphabet Inc. (US), Microsoft (US), Lenovo (Hong Kong), Meta (US), Amazon.com, Inc (US), Xiaomi (China), OPPO (China), and Imagine Marketing Limited (India), etc. The market players have adopted various strategies, such as the development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the wearable technology market. The organic and inorganic strategies have helped the market players expand globally by providing advanced wearable technology  solutions.

Major Wearable Technology companies include:

  • Apple Inc. (US)
  • Garmin Ltd. (US)
  • Samsung (South Korea)
  • Sony Group Corporation (Japan)
  • Huawei Technologies Co., Ltd. (China)
  • LG Electronics (South Korea)
  • Alphabet Inc. (US)
  • Microsoft (US)
  • Lenovo (Hong Kong)
  • Meta (US)
  • Amazon.com, Inc. (US)
  • Xiaomi (China)
  • OPPO (China)
  • Imagine Marketing Limited (India)

Apple Inc.

Apple Inc. provides a range of wearable devices, including smartwatches, powered by the watchOS multi-touch operating system. In April 2015, Apple launched its first smartwatch, the Apple Watch, which wirelessly connects to iPhones and also allows iPhone users to make calls and send texts. The watch is compatible with iPhone 5 and newer models. It also integrates with Apple Pay for contactless payments. The Apple Watch supports Bluetooth and Wi-Fi connectivity. Apple's software ecosystem includes iOS, OS X, watchOS, and tvOS, with iOS as the foundation for all iOS devices. The company also provides digital content, software, networking solutions, and apps through the iBooks Store, App Store, Mac App Store, and iTunes Store. The company's operations are expanded over the key regions, including the Americas, Europe, Greater China, Japan, and the Asia Pacific. The company organizes its operations primarily by geographic regions. The company operates in 5 reportable segments: the Americas, Europe, Greater China, Japan, and the Rest of Asia Pacific. The Americas segment covers both North and South America, while the Europe segment includes European nations, India, the Middle East, and Africa. The Greater China segment includes mainland China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment comprises Australia and other Asian countries not classified under the company's other geographic segments.

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SAMSUNG

SAMSUNG manufactures and sells a variety of consumer electronic products, through its four major business divisions: Samsung DS, Samsung DX, Samsung Display (SDC), and Harman. The DX Division includes TVs, monitors, refrigerators, washing machines, air conditioners, smartphones, tablets, and wearables. This division emphasizes expanding global market presence through a wide range of products, which includes Neo QLED TVs and Lifestyle TVs. Some of the key subsidiaries of Samsung include the case of Samsung Electronics GmbH of Germany, Samsung Electronics Southwest Asia of India, Samsung Electronics Co., Ltd. of South Korea, Samsung Electronics Philippines Corp of the Philippines, Samsung Japan Corp of Japan, and Samsung Electronics Austria GmbH of Austria.

Xiaomi

Xiaomi is a consumer electronics company that has smart products, including smartphones, wearable devices, and the other tech products. The products included in this company's lineup are smartphones, smartwatches, smart wristbands, wireless routers, tablets, TVs, and power banks. Distributing their products in Asia, this company spreads its products in Taiwan, Hong Kong, Singapore, Malaysia, the Philippines, and India. These include Xiaomi Watch S3, Xiaomi Watch 2 Pro, Redmi Watch 4, Xiaomi Smart Band 9, Xiaomi Smart Band 8 Pro, Xiaomi Smart Band 8 Active, and Redmi Watch 5 Active.

Huawei Technologies Co., Ltd.

Huawei Technologies Co., Ltd. is a leading global provider of information and communications technology (ICT) infrastructure and smart devices in more than 170 countries and regions, serving more than 3 billion people worldwide. Huawei Technologies Co., Ltd. operates its business through six reportable segments: ICT Infrastructure, Consumer Business, Cloud Computing, Digital Power, Intelligent Automotive Solutions, and Others. The Consumer Business part of the company sought to develop an integrated Al-driven experience, which was termed the "1 + 8 + N" strategy with its engine on the HarmonyOS. The key focuses of this strategy are: smart office, fitness & health, smart home, easy travel, and entertainment. It ranges from smartphones, tablets, personal computers, and wearable devices to home devices and applications and services for both consumer and enterprise customers.

Imagine Marketing Limited

Imagine Marketing Limited, or boAt, is one of the companies that designs and manufactures audio products. The firm's product portfolio consists of smartwatches, fitness trackers, true wireless earbuds, gaming headphones, speakers, trimers, power banks, chargers, soundbars, and accessories for cars. Smartwatches in the company's line-up feature photoplethysmography, or PPG, sensors; accelerometers; gyroscopes; heart rate monitors, and GPS. BoAt launched a smartwatch called Boat Lunar Pro LTE in India last December. This smartwatch boasts a fast dial pad and offers the Bluetooth calling feature, LTE calling feature, and e-SIM. The smartwatch uses Jio's SIM technology, and users can connect to it without smartphones to enjoy uninterrupted communication. This company mainly operates in India but also has presence in Europe and the Middle East with Imagine Marketing Limited.