Wearable Technology Market worth 51.6 billion by 2022 with a growing CAGR of 15.5%

The report "Wearable Technology Market by Product (Wristwear, Headwear/Eyewear, Footwear, Neckwear, Bodywear), Type (Smart Textile, Non-Textile), Application (Consumer Electronics, Healthcare, Enterprise & Industrial), and Geography - Global Forecast to 2022", is estimated to grow from USD 21.7 billion in 2016 to USD 51.6 billion by 2022; it is expected to grow at a CAGR of 15.5%. The emergence of wearable technology is expected to transform the outlook of computing on-the-go. Application areas for wearable technology range from consumer durables and healthcare to enterprise, industrial, and so on. As the technology matures, it is expected to find new application verticals and increased applications in existing ones such as the wearable technology used in medical surgery. 

Wearables products type to hold largest size during forecast period

The growth of this segment is attributed to the increase in awareness of fitness and healthcare as well as increase in consumer expectations. The consumer preference is expected to grow stronger with the participation of new players and launch of new products in the wearable technology market. Key industry players are introducing new advanced wearable products which cater to various new application areas. For instance, wearable devices are currently used in medical surgery and oil and refinery plants.

Headwear & eyewear to witness fastest growth during forecast period

Headwear & eyewear includes augmented and virtual reality products, both of which have multiple applications in consumer and enterprise industries. Headwear & eyewear devices have major applications in the commercial sector such as sports and video games. Hence, this market is expected to grow at the highest rate during the forecast period.

Americas is expected to hold the largest market size of wearable technology market during forecast period

The market growth is attributed several factors technological innovations and advancements leading to the introduction of new products. Other factors promoting the growth of the market are the increasing prevalence of chronic diseases and lifestyle diseases such as diabetes, and ease of use.

https://www.marketsandmarkets.com/Market-Reports/wearable-electronics-market-983.html

Key players in the wearable technology market include Fitbit (US), Apple (US), Xiaomi Technology (China), Garmin (US), Samsung Electronics (South Korea), Alphabet (US), LG Electronics (South Korea), Qualcomm Technologies (US), Sony Corporation (Japan), Adidas Group (Germany), Jawbone (US), Misfit (US), Guangdong BBK Electronics (China), Lifesense Group (The Netherlands) among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Wearable Technology Market Size | Industry Analysis and Market Forecast to 2022 | MarketsandMarkets

The wearable technology market is expected to reach USD 51.60 Billion by 2022, at a CAGR of 15.51% between 2016 and 2022. The growth of the wearable technology market is driven by consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays in wearable devices, and growing popularity of Internet of Things (IoT) and connected devices.

The competition in the wearable technology market is high because of the presence of a large number of players. Some of the key players in the wearable technology market include Fitbit, Inc. (U.S.), Apple, Inc. (U.S.), Xiaomi Technology Co. Ltd. (China), Garmin Ltd. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Adidas Group (Germany), Guangdong BBK Electronics Co., Ltd (China), Misfit, Inc. (U.S.), Alphabet, Inc. (U.S.), LG Electronics Inc.(South Korea), Qualcomm Technologies, Inc. (U.S.), Sony Corporation (Japan), Jawbone, Inc. (U.S.), and Lifesense Group (The Netherlands) among others.

Fitbit, Inc. (U.S.), and Xiaomi Technology Co. Ltd. (China), are two of the key players in the wearable technology market.

Fitbit, Inc. (U.S.) is one of the key players in the wearable technology market. The company’s core competency is in health and fitness monitoring products and related application. The company manufactures and sells wearable products such as Fitbit Flex, Fitbit One, Fitbit Zip, Fitbit Force, Fitbit Aria, and Tory Burch for Fitbit accessories among others. The company sells all these products through their strong sales network. The company has more than 50,000 retail stores across 63 different countries. The company adopted the horizontal integration and new product launch strategies. In December 2016, Fitbit, Inc. acquired the software division of Pebble Technology Corporation (U.S.), a wearable tech company, to improve their own application platform. With this acquisition, the company accelerates the expansion of platform and ecosystem, which helps the company to improve its platform with additional features. The company majorly focuses on new product launches to stay ahead in the competition. For instance, in August 2016, Fitbit, Inc. launched a new product “Fitbit Charge 2”, a smartband for fitness tracking. This product automatically captures the fitness activity such as steps taken, distance travelled, heartrate, and calories burned among others. Moreover, the smartband has a larger display than the previous version as well as extended battery backup for up to 5 days.    

Xiaomi Technology Co. Ltd. (China) entered into the wearable technology market in 2014. The company offers a wide product portfolio, which includes smartbands and smartwatches. The company’s smartwatch is equipped with a 512 MB random access memory (RAM), 4GB internal memory, and a single core processor. The company’s smartbands are armed with advanced technology, which measures accurate steps taken during exercise and filter outs all other movements. The company has succeeded in the wearable technology market because of its strong image of affordability with equally strong functionality for the products. The company is majorly focused on new product launches to grow their business. For instance, in November 2016, the company launched “AMAZFIT”, a new smartwatch. This smartwatch has features such as activity tracking sensors, Bluetooth 4.0 LE, and heartrate sensor among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Video Surveillance as a Service Market worth 5.93 Billion USD by 2022

According to the new market research report "Video Surveillance as a Service Market by Type (Hosted, Managed, Hybrid), Vertical (Commercial, Infrastructure, Military & Defense, Residential, Institutional, Industrial), and Geography - Global Forecast to 2022", The Video Surveillance as a Service Market (VSaaS) market is expected to be valued at USD 5.93 Billion by 2022, at a CAGR of 22.0% between 2017 and 2022.

The factors driving the growth of the market include increasing demand for real-time and remote access for video surveillance data, low initial investment required to avail VSaaS services, and flexible scalability offered by VSaaS.

Hybrid VSaaS market expected to witness the highest growth rate during the forecast period

Hybrid VSaaS offers enhanced security for surveillance data by storing at customers’ end as well as in the cloud at the service provider’s end. Apart from data security, hybrid VsaaS offers real-time data access, remote surveillance, flexible scalability in data storage, ease of adding new cameras, and so on, which helps hybrid VSaaS to become more common among end users such as banks and financial institutes, retail stores, enterprises, among others, who demand more data security.

Commercial vertical is expected to hold a major share of the Video Surveillance as a Service market during the forecast period

End users such as enterprises, retail stores, warehouses, banks and financial institutes, and so on use VSaaS for enhancing security, monitoring staff, detecting misconducts, and so on. Increasing retail stores, manufacturing sites, business offices creates significant opportunities for VSaaS providers. Moreover, using VSaaS for remote monitoring of businesses having multiple sites at different locations such as retail chains, manufacturing sites, among others, is easy which makes VSaaS popular in small businesses.

APAC is expected to dominate the Video Surveillance as a Service market between 2017 and 2022

Increasing retail stores, infrastructural projects, manufacturing sites, increasing terror threats in educational, government and religious buildings, and governments’ initiatives to enhance public safety are some of the factors driving the VSaaS market in the APAC region. Moreover, presence of several system providers and availability of low cost systems, and increasing adoption of consumer devices such as mobiles, tablets, and laptops are some of the important parameters which spur the growth of the VSaaS market in APAC.

https://www.marketsandmarkets.com/Market-Reports/video-surveillance-as-a-service-market-773.html

Major players in the Video Surveillance as a Service market include Axis Communications AB (Sweden), Honeywell International Inc. (US), Genetec Inc. (Canada), Brivo (US), Cameramanager (Netherlands), ADT Security Services (US), Cloudastructure Inc. (US), Duranc (US), Ivideon (US), NeoVSP (Israel), Nest Labs, Inc. (US), Pacific Controls (UAE), and Smartvue Corporation (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Power Bank Market worth $25.16 billion by 2022, growing at a CAGR of 21.2%

The power bank market is expected to be valued at USD 25.16 billion by 2022, at a CAGR of 21.2% between 2017 and 2022. The growth of this market is propelled by the increasing usage of electronic devices such as smartphones and tablets, increased power consumption of electronic devices due to technological advancements, and electric outage in certain countries.

The capacity range of 9500–12499mAh accounted for the largest share of the power bank market in 2016. The rising adoption of power banks that are capable of charging a device several times is expected to drive the growth of the market for power banks with a capacity range of 9500–12499mAh.

The power bank market for more than two USB ports is expected to grow at a high rate between 2017 and 2022. Consumers demand for power banks with three or four USB ports as they are capable of charging three to four devices, simultaneously. Moreover, these devices are now available with higher capacities; this has increased the demand for power banks with three or four USB ports.

Power banks that derive power from electric power grids accounted for a major market share in 2016. The benefits offered by these devices such as easy accessibility, low prices, lightweight, compact size, and suitability for charging any portable electronic devices are contributing to the increasing the demand for electric-based power banks.

https://www.marketsandmarkets.com/Market-Reports/power-bank-market-127595596.html

Lithium ion batteries held the largest size of the power bank market in 2016. Li-ion batteries offer various advantages such as high energy density, relatively low self-discharging, and low maintenance. The power bank market for lithium polymer batteries is expected to grow at a high rate between 2017 and 2022. Lithium polymer batteries are moldable, lightweight, and come in a flat shape; these factors enable electronic device manufacturers to develop thin and compact electronic devices. These batteries are preferred as they are light in weight and have a flexible form factor, and are safer than other batteries.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

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Suite 430

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USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Virtual Reality Market worth $44.7 billion by 2024, growing at a CAGR of 33.47%

The virtual reality market is expected to grow from USD 7.9 billion in 2018 to USD 44.7 billion by 2024, at a CAGR of 33.47% during the forecast period. The penetration of HMDs in the gaming and entertainment sector, huge investments in VR market, advancement of technology and growing digitization, and availability of affordable VR devices are the major factors fueling the growth of the overall market.

Gesture-tracking devices to grow at highest CAGR during forecast period.

Gesture-tracking devices are used as input devices for VR systems. These tracking devices track the user’s movements and enable the user to interact with the virtual environment. Gesture-tracking devices include data gloves, treadmills, and controllers to facilitate gesture and action tracking in VR applications. The use of gesture-tracking devices in gaming and entertainment and healthcare applications will play a crucial role to boost their growth in the VR market.

Retail and ecommerce applications to have significant share in virtual reality market

In the retail sector, virtual reality technology is used in virtual fashion stores for designing virtual avatars for the selection of clothes or accessories, fashion shows, and so on. Virtual environments are used in many applications of marketing as they are helpful in demonstrating and displaying product- and business-related information and creating awareness among potential buyers. Virtual reality can show a 360° view of a product or device (online or at the point of business), by which a potential customer gets a better insight. In online shopping, items such as apparels, jewelry, spectacle frames, and others can be viewed closely by zooming in and out. On a few websites, a user can even virtually try the outfit. Increased use of VR technology will help drive the retail and ecommerce VR market.

North America to account for significant share in virtual reality market during forecast period

North America, being a developed and technologically advanced region, is likely to be one of the key contributors to the overall virtual reality market growth during the forecast period. North America, being technologically advanced and developed, is a leading market for cutting-edge technologies that are used in display devices. The use of VR in various applications, especially in consumer electronics, is helping the growth of the VR market. Applications such as aerospace & defense, healthcare, consumer, and commercial are utilizing VR technologies for further advancements. The US has many global players featuring VR products and solutions. This helps North America stand out as one of the major regions in the global VR market.

Sony (Japan), Samsung Electronics (South Korea), Google (US), Microsoft (US), HTC (Taiwan), Oculus (US), Eon Reality (US), Vuzix (US), CyberGlove Systems (US), and Leap Motion (US) are among the few key companies in the virtual reality market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

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Data Acquisition System Market worth $2.2 billion by 2024

The report "Data Acquisition System Market by Offering (Hardware, Software), Lifecycle Application (R&D, Field, Manufacturing), Vertical (Automotive & Transporation, Aerospace & Defense, Energy & Power, Environmental Monitoring, Food & Beverages), Region - Global Forecast to 2024", is expected to grow from USD 1.8 billion in 2019 to USD 2.2 billion by 2024, at a CAGR of 5.0%. Major factors driving the DAQ system market include the rising adoption of Industry 4.0, Industrial Internet of Things (IIOT) and Smart Factory, using the data acquisition system.

The hardware segment is expected to hold the largest share in the global DAQ system market during the forecast period

The DAQ system market has been segmented on the basis of offering into 2 categories: Hardware and Software. Among hardware, external chassis and module holds the largest size of the DAQ system market. Moreover, the growth of DAQ system hardware is attributed to its wide use due to the modular design and various combinations can be arranged to satisfy a wide range of customized experimental setups with the help of data acquisition hardware.

The Field DAQ is expected to grow at the highest CAGR in the global DAQ system market during the forecast period

Among all lifecycle applications, the market for field DAQ is expected to grow at the highest CAGR during the forecast period. This growth is due to increasing use of DAQ system on field in testing various automotive components thereby reducing the development time of the product. Competitive pressure is forcing engineers to perform product development faster, thus driving demand for field data acquisition. Field data acquisition includes rugged devices that allows to take accurate measurements as close to sensors as possible, even under a full range of environmental conditions. Data acquisition on field is used to record data such as strain, force, displacement, acceleration, pressure, temperature, speed and noise. These data are further filtered and analyzed to verify design parameters verses the actual performance of the product. Furthermore, the same data help decide test criteria for laboratory conditions. Data acquisition devices in field application help reduce the developmental time of the product.

Asia Pacific is expected to hold the largest share of the DAQ system market during the forecast period

The market in APAC is expected to witness the highest CAGR during the forecast period. The market in China is expected to grow mainly because the number of automotive manufacturing units in China is increasing, which is expected to create a huge demand for DAQ system. The demand for process automation & instrumentation is very high in APAC owing to the increasing investment in power transmission and distribution. China, India, and Japan are considered as largest electricity generators in the APAC.

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Key players in the DAQ system ecosystem include National Instruments (Texas), Keysight Technologies (US), Siemens (Germany), HBM (Germany), Yokogawa Electric (Japan), ABB Ltd (Switzerland), Honeywell International (US), Rockwell Automation (US), AMETEK Inc (US), Emerson Electric (US),etc.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

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USA: 1-888-600-6441

newsletter@marketsandmarkets.com

3D Food Printing Market worth 425.0 Million USD by 2025 with a growing CAGR of 54.75%

The overall three-dimensional (3D) food printing market is expected to be valued at USD 425.0 Million by 2025, growing at the CAGR of 54.75% between 2018 and 2025. Increasing demand for 3D food printers and three-dimensionally printed food from hospitality industry pose a key opportunity for the market. The benefit of getting food rich in specific nutrients, growing market for customized food, and rising demand from the healthcare applications are some of the key factors driving the 3D food printing market.

The key players operating in the 3D food printing market include the major players striving for development of 3D food printing technology; these players are TNO (Netherlands), 3D Systems (US), Natural Machines (Spain), Systems And Materials Research Corporation (US), By Flow (US), Print2taste GmbH (Germany), Barilla (Italy), CandyFab (US), Beehex (US), Choc Edge (UK), Modern Meadow (US), Nu Food (UK), and North branch Everbright (China). Most of the leading companies focus on the organic growth strategies such as new product launches and developments and inorganic strategies such as agreements, partnerships, and collaborations to boost their revenues.

Top 2 players in the 3D food printing market:

3D Systems (US) holds a leading position in the global 3D food printing market due to its wide geographic presence and strong R&D capabilities, with offices and distributors spread across more than 80 countries including US, France, Germany, Italy, Switzerland, the UK, China, Korea, and Japan. 3D Systems Corp. is a provider of design-to-manufacturing solutions for 3D printing. The company offers 3D printers, Quickparts solutions, 3D authoring tools and scanners, bespoke modeling, and team platform. The company also provides solutions for healthcare applications, such as end-to-end simulation, training and planning, and printing of surgical instruments and devices for personalized surgery and patient-specific medical and dental devices. 3D Systems presents a broad portfolio of printers which includes stereolithography (SLA) printers, selective laser sintering (SLS) printers, direct metal printing (DM) devices, multi jet printing (MJP) devices, color jet printing (CJP) devices, film transfer imaging (FTI) printers, and plastic jet printing (PJP) devices.

https://www.marketsandmarkets.com/Market-Reports/3d-food-printing-market-267692011.html

3D Systems have set up 3D Systems Culinary Lab. The lab is learning, collaboration, and exploration space, where chefs and food innovators experience the intersection of their traditional craft and 3D printing. This unique asset is a testing ground where the food industry helps create a culinary ecosystem involving the adoption of 3D printed food and mixology of the future. This shows the company’s growing interest in the 3D food printing market. The company has also partnered with the Culinary Institute of America (US) to explore the intersection of 3D printed food and traditional artisan culinary methods. The company’s 3D food printer, named, ChefJet Pro is capable of printing many food items including chocolates and candies. Along with its capability to print a variety of food items, the global presence of the company is likely to help the company to compete strongly with other regional players. In 2015, the company acquired Cimatron Ltd. (Israel), a provider of integrated 3D CAD/CAM software and solutions; the acquisition was worth USD 77,984. The operations of Cimatron have been integrated into the company’s products and service revenues segments, which is further expected to help the company to strengthen its market position.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Solid-State and Other Energy-Efficient Lighting Market growing at a CAGR of 5.38%

The solid-state and other energy-efficient lighting market was valued at USD 118.29 Billion in 2015 and is expected to reach USD 174.45 Billion by 2022, growing at a CAGR of 5.38% during the forecast period. The growth of this market is propelled by several factors such as rising demand for environment-friendly lighting technologies, reduction in the overall maintenance costs of solid-state and other energy-efficient lighting products, and increased infrastructure growth in various developing countries such as India, China, and South Korea.

The major opportunities for this market are growing adoption of LED lighting in the automotive industry and development of wireless technology. Some of the major players operating in the solid-state and other energy-efficient lighting market are OSRAM Licht AG (Germany), Royal Philips Electronics N.V. (Netherlands), Seoul Semiconductor Co., Ltd. (South Korea), General Electric Company (U.S.), Nichia Corporation (Japan), AIXTRON SE (Germany), Applied Materials, Inc. (U.S.), Applied Science and Technology Research Institute Company Limited (Hong Kong), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Acuity Brands, Inc. (U.S.), Advanced Lighting Technologies, Inc. (U.S.), Energy Focus, Inc. (U.S.), Intematix Corporation (U.S.), LED Engin, Inc. (U.S.), Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (U.S.), Ceravision Ltd (U.K.), and Bright Light Systems, Inc. (Georgia).

OSRAM Licht AG (Germany) was ranked first in the solid-state and other energy-efficient lighting market. The company focuses on strategies such as new product launches and acquisitions to grow in the market. In July 2016, the company signed an agreement with LEDVANCE (China) to grow its sales and distribution network. In November 2015, the company opened a new application center in Shanghai. This brings OSRAM closer to business customers in the Asian region. The company has diversified business operations along with a strong portfolio of lighting solutions in the solid-state and other energy-efficient lighting market.

Royal Philips Electronics N.V. (Netherlands) was ranked second in the solid-state and other energy-efficient lighting market. The company focuses on strategies such as new product launches and collaborations. In May 2015, the company launched ActiveSite, a cloud-based connected lighting management platform. It allows the company’s architectural LED lighting systems to be monitored, maintained, and managed remotely, and its content can be uploaded from anywhere in the world. Also, in April 2015, the company collaborated with Tandus Centiva (U.S.) to develop luminous carpets using LED technology.

https://www.marketsandmarkets.com/Market-Reports/solid-state-lighting-market-1234.html

The solid-state and other energy-efficient lighting market value chain comprises many entities from lighting component manufacturers to technology providers. Products and devices are distributed by specialized distributors that are into lighting and related fields. Some of the manufacturers that have a strong presence across the concerned geographic regions have a built-in distribution network. Distributors and manufacturers often establish partnerships with distributors across various regions having expertise in products and services concerned with solid-state and other energy-efficient lighting because of the lack of knowledge of networking. These distributors are key points of contact for professional and custom installers. They consist of a strong network of system integrators, which include custom system integrators, dealers, business models, and contractors.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.

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Process Automation & Instrumentation Market worth 88.92 Billion USD by 2023 with a growing CAGR of 6.0%

Process automation refers to the procedure of automating production processes across a wide range of process industries such as chemicals, oil & gas, energy & power, and water & wastewater. Process automation & instrumentation helps process industries increase plant efficiency and enhance product quality by automating and controlling the production processes. It eliminates human intervention, which saves time during the entire production as well as controlling stage. In addition, the elimination of human intervention results in high precision.

Fourth industrial revolution helps in connecting systems and machines, which allows seamless data transmission across production sites; this is likely to open up growth avenues for the process automation and instrumentation market. Due to the combination of industrial software and powerful automation technology, tie to market can be reduced by up to 50% with the adoption of process automation & instrumentation solutions at production sites.

The process automation & instrumentation market is projected to be valued at USD 88.92 billion by 2023, at a CAGR of 6.0% between 2017 and 2023. The growth in this market can be attributed to the rising emphasis on regulatory compliance in process industries, increasing adoption of IoT across various industries, shift in production approach from conventional practices to digitalized methods, growing labor wages in major manufacturing hubs, and rising demand for proactive solutions that can determine failures at component level.

ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International, Inc. (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan),  and Metso Corporation (Finland) are some of the leading players in the process automation & instrumentation market. Product launches and developments, contracts, agreements, acquisitions, and partnerships are some of the key strategies adopted by these major players to gain a competitive edge in the market.

ABB Ltd. holds a pioneering position in the process automation and instrumentation market, catering to a wide range of process industries. It has a broad portfolio of automation, instrumentation, and electrification solutions. The company is well established in the process automation and instrumentation market, predominantly in the oil & gas industry. For instance, in March 2017, ABB commercially launched ABB Ability,  comprising more than 180 solutions and services, as a powerful solution to solve real business problems and yield tangible business opportunities. ABB Ability helps optimize production planning and control operations in real time. The company sells its products and solutions directly as well as through its third-party channel partners such as OEMs, system integrators, and distributors.

https://www.marketsandmarkets.com/Market-Reports/process-automation-market-1172.html

Emerson Electric Co. is one of the leading players in the process automation and instrumentation market. The company’s products and solutions aid process industries to automate and optimize production processes.  It has built a diversified product portfolio to cushion the business risks and respond to challenges and opportunities in the market effectively. It is nurturing its growth through investments in R&D for the development of innovative products. For instance, in March 2017 The Company launched a new life sciences platform, DeltaV Discovery. This platform is an automation solution for research and discovery laboratories that accelerates product introduction for life sciences manufacturing companies.

Honeywell International Inc. is a diversified technology and manufacturing company, serving customers worldwide. The company is well known for its total solution capabilities, life cycle services, and vertical domain expertise pertaining to the chemicals & petrochemicals, oil & gas, mining, pharmaceuticals, and pulp & paper industries. The company is developing through investing in product developments. For instance, Honeywell Process Solutions has introduced Honeywell Trace software, a powerful documentation and change management software. This software will replace paper-based records and spreadsheets with an automated solution, thereby improving workers’ productivity, simplifying automation asset management, and minimizing errors due to changes in configurations.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com