Infrared Imaging Market with COVID-19 Impact Analysis - Global Forecast to 2025

 

The infrared imaging market is expected to grow from USD 5.8 billion in 2020 to USD 8.3 billion by 2025; it is expected to grow at a CAGR of 7.6% during the forecast period. The infrared imaging market has been witnessing significant growth over the past years, mainly owing to the high adoption of infrared imaging solutions in the nonindustrial vertical, especially for security and surveillance applications. The increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are also expected to considerably boost the infrared imaging market in the coming years.

Impact of COVID-19 on Infrared Imaging Market:

The world is facing an economic crisis caused by COVID-19 pandemic. The pandemic like various other markets has also led to a decline in the growth rate of the infrared imaging market, especially in 2020 and 2021. This is because organizations in most of the major demand-generating verticals are currently, or were, non-operational in various countries, thereby negatively impacting the demand for infrared imaging products. The COVID-19 pandemic has also disrupted the supply chain of the infrared imaging market, thus hindering the manufacturing, distribution, and installation of infrared imaging solutions.

While the COVID-19 pandemic is expected to negatively impact the growth of the infrared imaging market in the short run, it has also led to the rising adoption of infrared imaging products for body temperature measurement. In recent months, a number of companies operating in the infrared imaging market have launched products for the said application.

North America to account for largest market share during forecast period

North America to account for the largest share of the infrared imaging market during the forecast period. High demand for infrared imaging products for the security & surveillance application is one of the major factors fueling the growth of the infrared imaging market in North America. The military & defense, and civil infrastructure segments generate the highest demand for infrared imaging cameras for this application.

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Key Market Players

FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), Axis Communications (Sweden), Xenics (Belgium), Opgal Optronic Industries (Israel), New Imaging Technologies (France), Allied Vision Technologies (Germany), Lynred (France), are among the key players operating in the infrared imaging 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.

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Market Leaders - Building Automation System Market

 

The Building Automation System Market is expected to grow from USD 75.0 billion in 2019 to USD 121.5 billion by 2024—growing at a CAGR of 10.12%. Favorable government initiatives and incentives, advancements in building technologies, and automation with data analytics provide lucrative opportunities for the players in the BAS market. Rapid infrastructure growth in developing nations and rise in the adoption of automated security systems in buildings are the major factors driving the market growth.

Key players operating in the BAS market include major players operating in different stages in the entire value chain of BAS; these players are Honeywell International (US), Siemens AG (Germany), Johnson Controls International (Ireland), Schneider Electric (France), United Technologies Corp. (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), and Ingersoll-Rand (Ireland). Many major companies focus on the implementation of organic growth strategies, such as product launches, and inorganic strategies, such as acquisitions and expansions, to increase their revenue.

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Top 2 Players in Building Automation System Market:

Johnson Controls International (Ireland) operates in more than 150 countries across the Americas, Europe, the Middle East and Africa, and APAC. It is one of the leading players in the BAS market. The company has a broad product portfolio pertaining to the BAS market, with products ranging from building management systems, integrated HVAC systems, controls, and security and mechanical equipment. The company also provides air-conditioning and heating systems for residential buildings, industrial refrigeration products, energy management consulting, and technical services. Acquisition and partnerships were the primary strategies adopted by the company in 2018. For instance, in October 2018, the company partnered with the Town of Walden to implement Colorado’s first floating solar photovoltaic (PV) array at the Town Water Treatment Facility in Walden. In October 2018, the company acquired Lux Products Corporation (US), a leader in residential thermostats and smart products. In January 2016, Johnson Controls announced its merger with Tyco International (Ireland) and found the company based in Cork, Ireland.  According to this agreement, Johnson Controls combined with Tyco, a global fire and security provider, to establish a company engaged in building products and technologies, integrated solutions, and energy storage solutions. The merger was completed in September 2016, and Johnson Controls International was formed. This merger strengthened the BAS offering portfolio of the company and helped increase the overall revenue.

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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Infrared Imaging Market worth $8.3 billion by 2025

 

According to the new market research report "Infrared Imaging Market with COVID-19 Impact Analysis by Technology (Cooled and Uncooled), Wavelength (Near Infrared, Shortwave Infrared, Mid-wave Infrared, and Long-wave Infrared), Application, Vertical, and Geography - Global Forecast to 2025", The infrared imaging market is expected to grow from USD 5.8 billion in 2020 to USD 8.3 billion by 2025; it is expected to grow at a CAGR of 7.6% from 2020 to 2025. The infrared imaging market has been witnessing significant growth over the years, mainly due to the high adoption of infrared imaging solutions in nonindustrial and industrial verticals in emerging use cases. However, the COVID-19 outbreak is likely to result in a decline in the growth rate of the infrared imaging market, especially in 2020 and 2021. This is because organizations in most of the major demand-generating verticals are currently, or were, non-operational in various countries, thereby negatively impacting the demand for infrared imaging products. The COVID-19 pandemic has also disrupted the supply chain of the infrared imaging market, thus hindering the manufacturing, distribution, and installation of infrared imaging solutions.

Uncooled segment to hold the largest share of the infrared imaging market, by technology, in 2020

Uncooled segment will lead the infrared imaging market, by technology, in terms of size, in 2020. Long-wave infrared cameras and near infrared cameras mostly employ uncooled detectors. These cameras are widely adopted in the security & surveillance application, which accounts for majority share of the infrared imaging market. This is one of the key factors that is expected to lead to the dominance of the uncooled segment in the infrared imaging market.

The market for monitoring & inspection application to grow at the highest CAGR during the forecast period

On the basis of application, the infrared imaging market has been broadly classified into three segments: security & surveillance, monitoring & inspection, and detection. Among these, the market for the monitoring & inspection application is expected to record the highest CAGR between 2020 and 2025. The rising demand for infrared imaging cameras for predictive maintenance is accelerating the growth of the infrared imaging market for the monitoring & inspection application.

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North America to hold the largest share of infrared imaging market by 2020

North America is expected to hold the largest share of the infrared imaging market by 2020. The US leads the market in North America owing to its well-established economy that encourages government and private investments in new technologies. Europe is expected to account for the second-largest share of the infrared imaging market during the forecast period. The UK and Germany are significant demand-generating countries for infrared imaging solutions in this region.

A few key players operating in the infrared imaging market are FLIR Systems (US), Fluke (US), Sensors Unlimited (US), Leonardo DRS (US), DALI Technology (China), Lynred (France), Axis Communications (Sweden), Xenics ((Belgium), Opgal Optronic Industries (Israel), and New Imaging Technologies (France).

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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Optical Sorter Market worth $3.3 billion by 2025

According to the new market research report "Optical Sorter Market with COVID-19 Impact, by Type (Cameras, Lasers, NIR Sorters, Hyperspectral Cameras & Combined Sorters), Platform (Belt, Freefall, Lane, Hybrid), Application (Food, Recycling, and Mining), and Geography - Global Forecast to 2025", the optical sorter market is valued at USD 2.0 billion in 2020 and is expected to reach USD 3.3 billion by 2025; it is expected to grow at a CAGR of 10.2% from 2020 to 2025. A few key factors driving the growth of this market are growing focus on automation to increase productivity, increasing need to reduce process and delivery time in the food industry, rising labor costs, and emerging stringent government regulations regarding food safety.

Cameras are expected to hold largest share of optical market during forecast period.

Cameras are expected to hold largest share of optical market during forecast period from 2020 to 2025. Camera-based optical sorters are more accurate and can detect minute defects in products; therefore, these optical sorters are preferred in various applications. Cameras are widely used in food sorting applications to sort vegetables and fruits, dried fruits and nuts, and cereals, grains, and pulses. Based on flexibility, monochromatic, bichromatic, and trichromatic cameras that have the capability to detect minute infractions in products, both within and outside of the visible light spectrum, are available in the market.

Food application is expected to hold largest share of optical sorter market during forecast period.

Food application is expected to hold largest share of optical sorter market during forecast period from 2020 to 2025.  The growing adoption of automated equipment in the food industry is a major driving factor for the optical sorter market as optical sorters offer benefits such as improved food safety, better food quality, shorter delivery cycles, and increased output.

Optical sorter market in APAC to grow at highest CAGR during forecast period.

The optical sorter market in APAC is expected to grow at the highest CAGR during the forecast period. In APAC, industries are focusing on automation to increase productivity and quality. Growing automation in the application areas of the market is also expected to create demand for optical sorters in this region. Other concerns supporting the adoption of automation in APAC countries include labor shortage and increasing labor costs.

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TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder+Co (Austria), Satake Corporation (Japan), Allgaier Werke (Germany), Hefei Meyer Optoelectrionic Technology (China), TAIHO (China), Daewon GSI (South Korea), Cimbria (Denmark), CP Global (US), GREEFA (Netherlands), National Recovery Technologies (US), NEWTEC (Denmark), Pellenc ST (France), Raytec Vision (Italy), Sesotec (Germany), and STEINERT (Germany) few major players in the optical sorter 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.

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MarketsandMarkets™ INC.

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USA: 1-888-600-6441

Market Leader - Thin Wafer Market

 

The thin wafer market is projected to grow from USD 7.6 billion in 2020 to USD 10.8 billion by 2025; it is expected to grow at a CAGR of 7.2% from 2020 to 2025. The key factors fueling the growth of this market include rising adoption of MEMS technology in portable health monitoring devices, reducing sizes of electronic devices, growing smartphone and consumer electronics markets, and high amount of material saving. Moreover, steady demand for telecommunication systems owing to the increasing focus on e-learning amid COVID-19 is expected to drive the thin wafer market.

The thin wafer market is dominated by key global established players such as Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), SK Siltron (South Korea), SUSS MicroTec (Germany), LINTEC Corporation (Japan), DISCO Corporation (Japan), 3M (US), and Applied Materials (US). These companies focus on adopting both organic and inorganic growth strategies, such as new product launches, collaborations, agreements, expansions, and mergers and acquisitions to strengthen their position in the market.

Shin-Etsu Chemical Co., Ltd. (Japan) held the majority of the global thin wafer market share in 2019. The company has an expertise in providing hyper pure silicon wafers used in the production of semiconductor devices such as MEMS, memory, and LEDs. The company is well acknowledged among leading IC manufacturers of the world, which helped the company record high sales in the year 2019. SUMCO Corporation (Japan) followed in second place with a wide product portfolio of silicon wafers that caters to a large number of semiconductor device manufacturers. The expanding IC industry in China, rising adoption of portable devices, and growing adoption of IoT and AI in automotive sector has led to the market growth of these companies.

Shin-Etsu Chemical Co., Ltd. (Japan) is a leader in the thin wafer market. The company provides thin silicon wafers through its Semiconductor Silicon Business. Shin-Etsu Chemical Co., Ltd. is accelerating investments in R&D and focusing on the commercialization of innovative new products to strengthen its business foundation and achieve growth. The company is engaged in aggressive investments aimed at strengthening existing businesses and enhancing production capacity. For instance, in September 2018, the company invested YEN 110 billion (USD 990 million) in its Japan and Thailand facilities to increase the production capacity of silicon products. This investment is expected to enable the company to cater to the fast-growing demand for thin silicon wafers for use in semiconductor devices.

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Another important player in the thin wafer market is SUMCO Corporation (Japan). The company manufactures and sells high-purity silicon wafers processed from monocrystalline silicon ingots. Products include polished wafer, annealed wafer, epitaxial wafer, junction isolated wafer, and SOI wafer for use in the manufacturing of memory products and MPUs. The company also provides recycled polished wafer on request. In response to the COVID-19 pandemic, SUMCO Corporation continues to focus on technological developments and invests in the latest trends to be able to provide leading-edge, high-precision silicon wafers.

Other major players in the thin wafer market are mainly focusing on expanding their regional presence and new product launches to achieve continuous and sustainable development.

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Market Leadership - Virtual Reality Market

 

The virtual reality market was valued at USD 6.1 billion in 2020 and is expected to reach USD 20.9 billion by 2025, at a CAGR of 27.9% from 2020 to 2025. Factors such as penetration of HMDs in the gaming and entertainment sector post COVID-19, advancement of technology and growing digitization are driving the growth of the market during the forecast period.

Sony (Japan) has set the pricing of VR PlayStation headset to USD 399 which is hundreds of dollars less than those of its counterparts. The company would bank on the economies of scale to grow in the VR market with the low pricing strategy to compete with the established headset makers in the VR market. Sony’s VR technology owns some of the largest movie, music, and gaming companies in the world. The company is planning to reshape entertainment delivery within prolonged lockdowns and, eventually, post-COVID-19. It is also planning to promote VR concerts and other VR entertainment solutions to entertain people by avoiding crowds and attaining a safe environment.

Oculus (US) develops and manufactures virtual reality technology products such as Oculus Rift and Oculus Touch. These are mostly utilized in video games of various categories including adventure, action, fighting, horror, and education. The company has its facilities in 5 locations spread across 4 states in the US and 1 in Seoul, South Korea. Oculus has made huge investments in R&D and has been as an important player in the virtual reality market as it has been backed by Facebook (US).

HTC (Taiwan) has been among the companies with huge investments in the virtual reality market. The company in partnership with Valve (US) developed Vive, a head-mounted display which would be useful for applications such as healthcare, retail, education, and automotive. HTC Corporation also announced to dedicate the fund of about USD 100 million to start-ups that would join the Vive X accelerator program. The Vive X accelerator program would help build VR ecosystem by investing in the promising VR companies. The HTV Vive is a product of HTC (Taiwan) and Valve (US). Valve Corporation owns the platform, technology, and software of the Vive; with HTC being just the manufacturer, HTC Corporation has recently announced its plans to spin-off their VR division into a new wholly owned subsidiary, HTC Vive Tech. The company has not been doing well in its smartphone business, and the move to concentrate on VR business with less acquaintance of technology initially seemed dicey. However, the move worked well. The company has come up with other products such as VIVE Tracker, Deluxe Audio Strap, and VIVEPORT. The company concentrates on providing accessories required for VR devices to exhibit enhanced experience. HTC ventured with Capital Alliance (VRVCA), along with 27 other firms, to form a consortium focused on VR investments. The VRVCA has a total fund of USD 10 billion for startups in the VR market. HTC Corporation has a broader ecosystem with this initiative of forming a consortium for VR-dedicated investments. The company is looking forth to enter applications such as entertainment, retail, education, training, design, healthcare, and automotive with VR products and services.

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Also, the outbreak of the COVID-19 pandemic has impacted businesses and industries. To help businesses grow, HTC introduced the VR Meeting App, which helps connect users and deliver “face-to-face connection” during the lockdown. Also, to mitigate the spread of novel coronavirus (COVID-19), the company has announced that it is switching its upcoming developer conference to virtual reality meetings.

 

 

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Market Leadership - Virtual Reality Market

 

The virtual reality market was valued at USD 6.1 billion in 2020 and is expected to reach USD 20.9 billion by 2025, at a CAGR of 27.9% from 2020 to 2025. Factors such as penetration of HMDs in the gaming and entertainment sector post COVID-19, advancement of technology and growing digitization are driving the growth of the market during the forecast period.

Sony (Japan) has set the pricing of VR PlayStation headset to USD 399 which is hundreds of dollars less than those of its counterparts. The company would bank on the economies of scale to grow in the VR market with the low pricing strategy to compete with the established headset makers in the VR market. Sony’s VR technology owns some of the largest movie, music, and gaming companies in the world. The company is planning to reshape entertainment delivery within prolonged lockdowns and, eventually, post-COVID-19. It is also planning to promote VR concerts and other VR entertainment solutions to entertain people by avoiding crowds and attaining a safe environment.

Oculus (US) develops and manufactures virtual reality technology products such as Oculus Rift and Oculus Touch. These are mostly utilized in video games of various categories including adventure, action, fighting, horror, and education. The company has its facilities in 5 locations spread across 4 states in the US and 1 in Seoul, South Korea. Oculus has made huge investments in R&D and has been as an important player in the virtual reality market as it has been backed by Facebook (US).

HTC (Taiwan) has been among the companies with huge investments in the virtual reality market. The company in partnership with Valve (US) developed Vive, a head-mounted display which would be useful for applications such as healthcare, retail, education, and automotive. HTC Corporation also announced to dedicate the fund of about USD 100 million to start-ups that would join the Vive X accelerator program. The Vive X accelerator program would help build VR ecosystem by investing in the promising VR companies. The HTV Vive is a product of HTC (Taiwan) and Valve (US). Valve Corporation owns the platform, technology, and software of the Vive; with HTC being just the manufacturer, HTC Corporation has recently announced its plans to spin-off their VR division into a new wholly owned subsidiary, HTC Vive Tech. The company has not been doing well in its smartphone business, and the move to concentrate on VR business with less acquaintance of technology initially seemed dicey. However, the move worked well. The company has come up with other products such as VIVE Tracker, Deluxe Audio Strap, and VIVEPORT. The company concentrates on providing accessories required for VR devices to exhibit enhanced experience. HTC ventured with Capital Alliance (VRVCA), along with 27 other firms, to form a consortium focused on VR investments. The VRVCA has a total fund of USD 10 billion for startups in the VR market. HTC Corporation has a broader ecosystem with this initiative of forming a consortium for VR-dedicated investments. The company is looking forth to enter applications such as entertainment, retail, education, training, design, healthcare, and automotive with VR products and services.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=458

Also, the outbreak of the COVID-19 pandemic has impacted businesses and industries. To help businesses grow, HTC introduced the VR Meeting App, which helps connect users and deliver “face-to-face connection” during the lockdown. Also, to mitigate the spread of novel coronavirus (COVID-19), the company has announced that it is switching its upcoming developer conference to virtual reality meetings.

 

 

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Market Leadership - Smart Glass Market

 

The smart glass market size is expected to grow from USD 3.8 billion in 2020 to USD 6.8 billion by 2025, at a CAGR of 12.1% during the forecast period. The growth of the smart glass industry is driven by factors, such as the growing adoption of smart glass in automotive application and, declining prices for eletrochromic material.Other major driving factors for smart glass adoption include supportive government mandates and legislation on energy efficiency. Governing bodies of various countries are increasingly encouraging the use of these energy-efficient products. Smart glass has inherent energy-saving and auto-dimming properties, which reduce its maintenance cost. As a result, the perceived benefits of these glass products are more than the incurred investments.

In 2019, the smart home market was dominated by Saint-Gobain (France), AGC Inc. (Japan), NSG Group (Japan), research frontier (US), and Gentex Corporation (US). A few of the major strategies adopted by these players to compete in the smart home market include Product launches, partnerships, and agreements have been carried out by the players in the smart home market from 2017 to 2019. There were also a significant number of product launches, partnerships, collaboration, and agreements during this period.

Saint-Gobain (France) develops electrochromic glass, focusing mainly on architectural applications. The company claims that its electrochromic smart glass has the potential to reduce the size of equipment for building heating and air conditioning by up to 25%, resulting in a reduction in the construction costs. The company holds over 500 patents and offers solutions for office spaces, schools and universities, healthcare facilities, among others. It sells its products through independent representatives in the US and internationally and has successfully installed electrochromic glass in 700 projects and buildings globally. In November 2019, Saint-Gobain entered into a definitive agreement to acquire Continental Building Products. Both the companies’ businesses have strong geographic complementarity with Saint-Gobain’s North American operations, good positioning in growth regions in the East and South-East of the United States, and strong profitability.

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AGC Inc (Asahi Glass Corp.) (Japan) has a strong presence in Japan and Asia. According to its 2019 annual report, the company generated ~67% of its revenues from Asia. This indicates that the company is dependent on the Asia Oceania market for a majority of its revenues. Asahi Glass needs to expand its presence in America, as it generated just 11% of its revenue as of FY2019. To gain market share in this region, the company can explore joint ventures and acquisitions. It would provide the company a significant advantage over its competitors, as it would have its major presence in emerging economies along with a good presence in developed economies

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441