Motion Control Market worth $20.0 billion by 2027

 The report "Motion Control Market by Offering (Actuators & Mechanical Systems, Motors, Motion Controllers, Drives, Sensor & Feedback Devices, Software & Services), System (Open-loop, Closed-loop), Industry and Region - Global Forecast to 2027", size is expected to grow from USD 15.5 billion in 2022 to USD 20.0 billion by 2027, at a CAGR of 5.2% between 2022 and 2027. The growth of this market is driven mainly by surging adoption of automation in manufacturing facilities to ensure employee health and safety after the COVID-19 outbreak, the growing need for high-precision automated processes in manufacturing sector, and rising focus of governments on enforcing stringent measures to ensure workplace safety.

The motion control market includes major Tier I suppliers like ABB, FANUC, Siemens, Rockwell, Mitsubishi Electric, and Yaskawa. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Rest of the World. COVID-19 has impacted their businesses as well, as multiple manufacturing facilities of players have shut down due to COVID-19 in 2020. According to the industry experts manufacturers are gradually realizing the importance of motion control more than ever. Additionally, a few technologies such as the Internet of Things (IoT), Artificial intelligence (AI), and machine learning (ML) are in high demand as they are essential for smooth functioning and help automate processes in manufacturing facilities.

Motors is expected to hold the largest market share of motion control market during the forecasted period due to growing demand of industrial automation in manufacturing industry

Motors are key components of motion control systems. With the rise in industrial automation, manufacturers have been emphasizing using energy-efficient motors. Energy-efficient motors offer various enhancements over standard motors in terms of parameters such as winding, quality of laminations, and others, which significantly reduce operating costs. Motors find a wide range of applications in industries such as semiconductor & electronics, food processing, petrochemicals, pharmaceuticals, healthcare, packaging, and paper & printing.

Motion control market for closed-loop system is estimated to be the fastest growing market during forecasted period

A closed-loop control system also known as feedback system looks at the current output and alters it to the desired condition. The control action in these systems is based on the output. The adoption of closed-loop systems is high as the process is automated, and the error is reduced without human intervention. The closed-loop system can automatically adjust the systems’ inputs, improve the stability of a system, reduce system sensitivity, increase robustness, and create a reliable system. Due to these factors, there is a surge in the adoption of closed-loop systems.

Automotive industry is expected to hold the major share of the motion control market during the forecast period

Closed-loop systems are designed to automatically achieve and maintain the desired output condition by comparing it with the actual condition. They do this by generating an error signal that is the difference between the output and the reference input. The closed-loop system can automatically adjust the systems’ inputs, improve the systems stability, reduce system sensitivity, increase robustness, and create a reliable system without human intervention. Due to these factors, the adoption of the closed-loop system is increasing. In April 2022, Optimal Engineering Systems, Inc. (OES) launched a Figaro series of motion control systems with closed-loop configuration. To provide a closed-loop motion control system, this series can be configured with any combination of drivers for steppers, DC servo motors, and BLDC motors.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98406125

Asia Pacific is likely to be emerge as the fastest growing region during forecasted period

Asia Pacific is expected to be the fastest growing region in the global motion control market during the forecast period. The increase in urbanization and industrialization are surging the demand for motion control in the region. Additionally, the growth in Asia Pacific region is due to the rising adoption of automation technologies, such as robots, across several industries, increasing production of machine tools, and surging use of smartphones and automobiles, which require motion control systems to assemble electronics and semiconductor machinery.

ABB Ltd. (Switzerland), FANUC Corporation (Japan), Parker Hannifin Corporation (US), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Robert Bosch GmbH (Germany), Altra Industrial Motion Corp. (US) and Novanta Inc. (US) are few major players in the motion control 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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

VSaaS Market Size & Share | Industry Report, 2022-2027

 The VSaaS market is projected to grow from USD 3.3 billion in 2022 to reach USD 7.6 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.0% from 2022 to 2027.

The growth of this market is driven by factors such as the low cost of investment, the rise in demand for real-time surveillance data, and flexible scalability offered by VSaaS.

Driver : Increasing demand for real-time surveillance data

Increasing demand for real-time surveillance data across commercial and infrastructure sectors is one of the major driver for VSaaS market growth. Security concerns and advancements in technologies demand real-time remote monitoring on any device at any time by end users such as retail stores, manufacturing sites, enterprises, warehouses, and banks to detect unusual events on their premises. Also, users with multiple business sites demand real-time and remote access to surveillance data to keep an eye on the site remotely. Additionally, smart cities are also leveraging networks of intelligent sensors to capture data and organize system responses to incidents as they unfold, as well as improve processes such as traffic flow. Thus, the rising demand for remote access to surveillance data at any time enables the VSaaS market to grow worldwide, as it offers real-time access to live footage on any device located at any location.

Restraint : Strningent government regulations associated to privacy and data security

Rising privacy and security concerns have led to stringent privacy protection laws such as the Federal Information Security Management Act (FISMA) in the US and the General Data Protection Regulation (GDPR) in Europe. These laws are being enforced on VSaaS providers so that a user’s personal data is not misused, especially in the area of facial recognition technology. Also, IT enterprises are becoming increasingly aware of the dangers of private data bridges and, therefore, becoming more concerned when selecting a VSaaS solution. These factors are expected to restrain market growth during the projected timespan.

Opportunity : Increasing use of smart devices

The increasing use of smart devices along with rising popularity of do-it-yourself (DIY) video surveillance for home security is creating lucrative opportunities for VSaaS service providers in the market. In recent years, a high penetration rate of smartphones has been observed in China, the US, the UK, India, and Japan due to a decrease in their price, advancements in technologies, and improved usability. According to GSM Association, the number of active smartphones across the globe in 2021 was over 6.2 billion units, which is expected to cross the 7.4 billion units mark by 2025. The increasing use of smart devices has created significant opportunities for VSaaS providers. Service providers can increase their presence in the market by offering VSaaS compatible with these devices.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=773

Challenge: Lack of knowledge regarding benefits of VSaaS services pose a major challenge

Though VSaaS market is growing significantly across developed economies, there are still some challenges faced by the services providers. This challenge majorly includes lack of knowledge about benefits of VSaaS services along with lesser adoption rate across underdeveloped and developing economies. Adding to this, several countries do not have access to high-speed internet connectivity. This further pose a challenge to service providers as VSaaS requires high-speed internet connection to operate on cloud platform. End-users are becoming skeptical about switching to VSaaS over traditional video surveillance systems, therefore, it is becoming crucial to increase the awareness for VSaaS services among end-users in the market.

Key players in the VSaaS market are ADT (US), Johnson Controls (Ireland), Axis Communications AB (Sweden), Avigilon, a Motorola Solutions Company (Canada), Alarm.com (US), Arcules, Inc. (US), Securitas AB (Sweden), Comcast Corporation (US), Duranc Inc (US), Eagle Eye Networks, Inc. (US), Genetec Inc. (Canada), and Honeywell International Inc. (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.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

VSaaS Market worth $7.6 billion by 2027

 The report "VSaaS Market by Type (Hosted, Managed, and Hybrid), Vertical (Commercial, Infrastructure, Residential, Public Facilities, Military & Defense, and Industrial) and Geography (North America, APAC, Europe, Rest of the World) - Global Forecast to 2027" The VSaaS market is projected to grow from USD 3.3 billion in 2022 and is projected to reach USD 7.6 billion by 2027; it is expected to grow at a CAGR of 18.0% from 2022 to 2027. The growth of this market is driven by factors such as the low cost of investment, the rise in demand for real-time surveillance data, and flexible scalability offered by VSaaS.

Hybrid VSaaS is expected to grow at the highest CAGR from 2022 to 2027.

Hybrid VSaaS is expected to grow at high rates over the forecast period. The growth is driven by the combined benefits of on-premise video recording and managed video services, provided by hybrid VSaaS. In hybrid VSaaS, the recorded data is stored at both, the customer and service provider’s end; the main reason for the popularity of this model is concerns regarding the security of data. This model offers the benefits of on-premise video recording, along with those of managed video services. All day-to-day management of NVRs and cameras is handled by the offsite provider, thus saving time and effort. Moreover, it reduces the need to purchase and maintain a server and, hence, upfront costs are reduced. These benefits provided by hybrid VSaaS is expected to fuel the segment growth over the forecast period.

Infrastructure vertical is expected to grow at high CAGR during the forecast period.

The market for infrastructure vertical is expected to grow at a high CAGR from 2022 to 2027. The increasing demand for VSaaS solutions across public places, transportation & city surveillance segments is expected to propel the growth of the market. Favorable government initiatives to develop smart city projects will add new opportunities for VSaaS providers. Various countries, such as China, India, and South Korea, are investing huge amounts in building smart cities. For instance, in November 2021, The Ministry of Land, Infrastructure and Transport, South Korea, announced plans to invest USD 215 million to establish 64 small and medium-sized smart cities in the country by 2025. This will create opportunities for the VSaaS service providers in infrastructure and city surveillance applications.

North America held significant share of VSaaS market in 2021 and is expected to follow the trend by 2027.

North America is expected to account for the high market share of the VSaaS market during the forecast period. In North America, particularly in the US, the government has taken several initiatives to implement advanced surveillance systems in public areas and government buildings. the focus of the government on boosting the penetration of VSaaS solutions across defense and infrastructure verticals is also high. Adoption in the military & defense sector to monitor security at the border and military bases has further driven VSaaS market growth in the region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=773

Key players in the VSaaS market include ADT (US), Johnson Controls (Ireland), Axis Communications AB (Sweden), Avigilon, a Motorola Solutions Company (Canada), Alarm.com (US), Securitas AB (Sweden), Eagle Eye Networks Inc. (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China) and Honeywell International Inc. (US).
Apart from these, Arcules, Inc. (US), Comcast Corporation (US), Duranc Inc (US), Genetec Inc. (Canada), Pacific Controls (UAE), Arlo Technologies, Inc. (US), Camcloud (Canada), MOBOTIX AG (Germany), Morphean SA (Switzerland), Solink (Canada), Verkada Inc. (US), Vivint (US), Camio (US), iVideon (US), IronYun (US), and 3dEYE Inc. (Canada) are among a few emerging companies in the VSaaS 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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Building Automation System Market worth $148.6 billion by 2027

 According to a research report "Building Automation System Market by Offering (Facility Management Systems, Security & Access Controls, Fire Protection Systems, BEM Software, BAS Services), Communication Technology (Wireless, Wired), Application and Region - Global Forecast to 2027" published by MarketsandMarkets, the building automation system market is projected to reach USD 148.6 billion by 2027 from USD 86.8 billion in 2022; it is expected to grow at a CAGR of 11.4% from 2022 to 2027. Building automation systems are used to automate and control heating, ventilation, and air-conditioning systems; lighting systems; and other systems installed in buildings to increase the comfort, safety, security, and convenience of occupants and make buildings energy efficient. A BAS is a computer networking system that monitors and controls a range of other electronic and mechanical systems. It provides a means for these disparate systems to communicate across platforms, software, and languages. The core functionality of a BAS is to maintain building climate based on an occupancy schedule, monitor performance and device failures in all systems, and provide malfunction alarms. Automation systems reduce building energy and maintenance costs. Almost all multi-story green buildings are designed to accommodate a BAS for energy, air, and water conservation. Most green buildings also use as many low-power DC devices as possible, typically integrated with power over Ethernet wiring. Even a piassavas design intended to consume no net energy whatsoever will typically require a BAS to manage heat capture, shading and venting, and scheduling device use. Asia Pacific is expected to grow at highest CAGR during the forecast period. Stringent regulations with respect to energy efficiency and various initiatives undertaken in countries such as China and India for the same and high economic growth and surge in construction and industrial activities in various countries in the region are some of the driving factors for the growth of building automation system market in Asia Pacific region.

In application type, the industrial application segment is expected to grow at highest CAGR of the building automation system market during the forecast period

The industrial application segment is projected to grow at the highest CAGR during the forecast period. Automation of facility management systems, such as HVAC and lighting control systems, in the industrial sector is fueling the demand for building automation systems used in industrial applications. Automation can efficiently help in reducing energy expenditure, which is an important factor in cost reduction in manufacturing and production facilities. Decrease in capital expenditure, operational costs, and energy expenditure can increase profitability. This can be achieved by automating different processes with the help of facility management systems as well as other building automation systems. Various countries with proactive manufacturing bases, such as China, Japan, the US, Germany, and India, are utilizing building automation systems in order to carry out energy-efficient and safe production and manufacturing processes. These factors are expected to drive the demand for building automation systems in industrial and manufacturing facilities.

The building automation system market in APAC is projected to have the highest growth during the forecast period

Asia Pacific is expected to account for the largest share of the building automation system market during the forecast period. The rapid growth of the construction industry in emerging economies such as China and India and the government initiatives for energy conservation have contributed to the growth of the building automation system market in the region. The consumers in this region are actively deploying building automation systems in residential and commercial areas owing to improvements in economic conditions. Moreover, increasing construction activities in China play a key role in driving the growth of the building automation system market in Asia Pacific. The growth of the building automation system market in APAC can be attributed to the economic growth in the region, along with a surge in construction and industrial activities witnessed by the key countries in Asia Pacific. The prime objective of consumers in the region is to achieve energy savings with the implementation of building automation systems that directly translate into monetary savings. Countries such as China and India have increasingly started developing smart cities. Building automation systems act as key enablers in achieving energy-saving objectives in these countries. China hold the highest market of the region. China has implemented various energy efficiency policies and programs, including green building ratings, building energy codes, minimum energy performance standards, voluntary rating programs, and energy-efficiency retrofits in existing buildings to reduce the energy consumption in residential and commercial buildings. The country has been undertaking a huge amount of construction projects to become the base of its modern urban landscape. Different construction projects undertaken in Q3 of 2021 include third west-east gas pipeline middle section natural gas pipeline, Liuzhou-Wuzhou Railway Line, Zhangzhou Development Zone Shuangyu Island Secondary Development, and Zengcheng-Foshan Expressway. The country is focusing on new building construction instead of adding technologies to the existing ones; hence, it is applying smart technology to architecture, using new forms of materials to improve sustainability.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=408

Key Players of Building Automation System Market:

Honeywell International (US), Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Zurich), Trane Technologies (Ireland), Lutron Electronics (US), Creston Electronics (US), Hitachi (Japan), Delta Controls (Canada), Beckhoff Automation (Germany), Lennox International (US), General Electric (US), Distech Controls (Canada), Dialight PLC (UK), Cisco Systems (US), Rockwell Automation (US), Control4 (US), Signify (Philips Lighting) (Netherlands), Emerson Electric (US), and Leviton Manufacturing Company (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.

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

The Future of the Smart Glass Industry and Smart Glass Market Growth (New Report)

 The smart glass market is estimated to rise at a CAGR of 10.4 percent during the forecast period, from USD 5.0 billion in 2022 to USD 8.2 billion by 2027. Smart glass, also known as switchable glass, dimmable glass, or magic glass, can adjust the light transmission properties dynamically or statically, depending on the stimuli. The stimuli altering the light transmission properties could be light, voltage, or heat. Smart glass does not require electricity to maintain its state of opacity or for a color change. The installation of smart glass helps reduce the energy spent on heating, ventilation, and air conditioning (HVAC) and lighting systems as well as improves the indoor environmental quality of buildings. Decreasing price of electrochromic prices, energy saving capacity of smart glass and use of smart glass in automobile application are significant drivers driving the growth of this market.

Driver: Energy-saving capacity of smart glass

The global energy demand continues to grow despite the historic high prices and mounting concerns over energy security. Improving the energy efficiency of homes, businesses, schools, government buildings, and industries is imperative to balance energy supply and demand. According to the US Department of Energy (DOE), heating, cooling, and lighting of buildings together account for 25% of the total energy costs of the country. According to the DOE estimation, smart glass can reduce energy consumption by ~40%. Heating, cooling, and lighting equipment consume a lot of energy, adding to the overall expense of any industry. The type of glass used for windows, doors, and partitions in a room has a major impact on the room’s energy consumption. The heat and light transferred through the glass directly impacts the comfort level of the room’s occupants, apart from affecting energy costs. Switching to smart windows makes a huge difference in overall energy consumption. Smart windows are installed with smart glass, which regulates the amount of light passing through them, depending on the time of the day. As a result, these windows can switch from translucent to transparent without consuming much energy.

Restraint: Technical glitches in functioning

Despite technological advancements in smart glass, some operational or functionality issues remain unaddressed. Despite having the ability to adjust to different wavelengths and control the amount of light penetrating through it, smart glass cannot provide exact color transparency. This results in improper color balance and clarity issues. The user expects to get an exact view of the exterior through the windows; however, the contrast ratio of the front view/object often gets disturbed, resulting in improper visibility. Smart glass costs more than ordinary glass, leading the user to expect superior performance. Such shortcomings are restricting the growth of the smart glass market. Usage of passive smart glasses in extreme temperatures has been an issue due to their functioning related to the surroundings rather than user preference. The recycling of smart glass is also another issue. Although smart glass is helping the environment by conserving energy, recycling smart glass is still a factor to be considered, as no proper procedure is adopted for recycling.

Opportunity: Growing need for sustainable buildings

The world is becoming conscious of climate change, global warming, and its impact on the planet. The pandemic has also shown the need for green buildings and the benefit of having a sustainable living space. Governments and world organizations are moving toward sustainability, wherein green buildings have a major role in achieving a carbon-neutral society. As part of the EU (European Union) Green Deal, the European Commission has set a target to make Europe a climate-neutral continent by 2050, focusing on sustainable building and energy performance. The EU also issued directives to member states like the “New Energy Performance in Building” in 2018 to promote sustainable buildings. Furthermore, the US had 3,156 registered green buildings with LEED (Leadership in Environmental and Design) in 2005, compared to ~70,000 in 2019. Thus, the current focus on green buildings and sustainability has the potential to generate growth opportunities in the smart glass market.

Challenge: High initial costs of R&D and manufacturing

Companies operating in the smart glass ecosystem incur high manufacturing and R&D costs. The high manufacturing cost has resulted in a high selling price for smart glass. Smart glasses are mostly used in premium, high-end applications because of their high costs. In the automobile sector, smart glass is used in windows, sunroofs, rearview mirrors, and side windows in premium cars. Similarly, in the architectural sector, high-end corporate or commercial buildings use this type of glass in their designs. This niche and elite customer base signifies a higher customer concentration ratio and greater dependency on fewer customers. The limited number of customers puts a limitation on the overall returns. As a result, the ROI is extremely volatile and could restrict the overall growth of the smart glass 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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Smart Glass Market worth $8.2 billion by 2027

 According to a research report "Smart Glass Market by Technology (Suspended Particle Display, Electrochromic Glass, Liquid Crystals, Micro blinds, NanoCrystals, Photochromic and Thermochromic), Application, Control Mode and Geographic Analysis - Global Forecast to 2027" published by MarketsandMarkets, The global smart glass market is projected to grow from USD 5.0 billion in 2022 to USD 8.2 billion by 2027; it is expected to grow at a CAGR of 10.4% from 2022 to 2027. The key factors fueling the growth of this market include increasing importance of smart glass in the healthcare industry, rising use of smart glass in automobile applications and government support for energy-efficient construction.

Suspended Particle Display technology is projected to register highest CAGR during forecast period

SPDs respond to AC power to turn the glass from dark to clear. They are ideal for light control applications such as skylights, auto glass, sunroofs, aircraft windows, and marine windows and portholes. The market for architecture is expected to grow at the highest CAGR of 13.4% during the forecast period due to the increase in the demand for energy-efficient and eco-friendly products. Additionally, SPD smart glass-enabled products have less maintenance costs, making these products a popular choice in industries. SPD smart glass has a strong presence in the architecture application. SPD smart windows offer energy savings, lower maintenance costs, and increase the aesthetic value of a structure, which, in turn, is helping the market to grow. The major factors supporting the growth of the SPD smart glass market for the commercial architecture are the superiority of this technology in terms of energy efficiency and the requirement for low-maintenance supervision. Government policies on environmental protection also contribute to the increased use of SPD smart glass in corporate applications.

Transportation segment held the largest market share of smart glass market

The transportation application accounted for the largest share of the smart glass market in 2021 as several automobile manufacturers have been incorporating smart glass materials in their vehicle designs to benefit from its antiglare property, remote access capacity, and dynamic light emission adjustment properties. Transportation is one of the major application areas of smart glass products. Smart glass is used in doors, windows, sunroofs, windshields, rear-view mirrors, and skylights. Smart glass helps minimize heat generation, provides shading, limits the viewing scope, and offers privacy to users. The automotive application of the transportation segment is the leading consumer of smart glass products. Several automobile manufacturers are incorporating smart glass materials in their vehicle designs to benefit from their antiglare property, remote access capacity, and dynamic light emission adjustment property. The automotive sector uses smart glass sunroofs, windows, visors, and rear-view mirrors. Users can control such products with a simple switch, allowing for the easy regulation of lighting and cooling.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=907

Asia Pacific is projected to register the highest CAGR during the forecast period.

Asia Pacific includes the fastest developing economies of the world—China and India. It also has a few developed economies such as Japan, Russia, Singapore, and Australia. The rapid industrialization and increasing disposable income help the smart glass market in this region to grow. APAC is an emerging market for smart glass and hence, is expected to hold a prominent position in the market. Many smart glass players are strategizing to tap this market. Companies such as SageGlass and Research Frontiers Inc. have collaborated with distributors and partners in the region to enter this unexplored territory. The lack of awareness and low disposable income have restricted the growth of the smart glass market in developing countries in APAC. However, this scenario is changing; government incentives and tax credit programs are encouraging the use of smart glass in the region. The adoption of smart glass is expected to increase across APAC in the coming years with its reducing price.

Major players in the smart glass market are Saint-Gobain (France), AGC Inc. (Japan), NSG Group (Japan), Research frontier (US), Gentex Corporation (US), View Inc (US), Corning (US), Showa Denko Materials (Japan), Pleotint(US) and Smartglass International (Ireland). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global smart glass 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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Evolution of the Near-Eye Display Industry - Market Size and Growth rate

 The Near-Eye Display Market size is projected to reach USD 5.3 billion by 2027 from an estimated USD 1.7 billion in 2022, at a CAGR of 24.7% from 2022 to 2027. Increasing use of OLEDoS microdisplays in newer applications such as projection, imaging, smart glasses and surging adoption of AR devices in different verticals are among the factors driving the growth of the near-eye display market.

Driver: Increasing use of OLEDoS microdisplays in newer applications such as projection, imaging, smart glasses

OLEDoS microdisplays are gaining momentum due to advanced features such as higher contrast, faster response time, lighter weight, more compact size, negligible image smearing, and a wider operating temperature range than LCDs. They have outperformed conventional LCD and LCoS microdisplay technologies as they are widely used in EVFs and HMDs. In the consumer sector, OLEDoS microdisplays are used in video and VR glasses and EVFs to facilitate search, navigation, and daily personal activities, while the defense sector targets AR helmets for pilots to resolve communication issues during the battle. Many industry experts believe that OLEDoS are likely to replace existing display technologies. Therefore, various companies have started investing increasingly in research and development activities related to OLEDoS technology. Kopin Corporation and SeeYA Technology Corporation are some the key players offering OLEDoS technology-based displays.

Restraint: Health issues associated with excessive use of AR and VR devices<

With the advent of AR-based gaming devices, health issues among gamers are increasing. AR games are highly interactive and keep the user engaged immensely for longer hours, causing issues such as anxiety, eye strain, obesity, and lack of concentration. The nature of AR technology is immersive and can induce anxiety or stress after wearing the AR headset for longer hours. Apart from stress, AR devices also expose users to harmful electromagnetic frequency radiation, which may cause illness. Modern VR implementations do not consider all human senses. The virtual reality experience may include artificial visual, aural, and even haptic sensations, while feelings such as balance and proprioception remain unchanged, contradicting sensory stimulation. Users may see pixels instead of an image. Lenses can cause optical distortions, or there might be noticeable latency or some other glitches. Sometimes the imperfections cause increased fatigue or headaches as the brain is involved in interpreting the unusual stimuli. Further, eyeglasses may pose problems for some users, and their prolonged use may cause eye strain and physical fatigue for most. Therefore, the excessive use of AR and VR devices can cause health issues, limiting the market's growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204073371

Opportunity: Increasing investments by technology giants in development of innovative near-eye display products

Technology giants are focused on collaborating and partnering with companies that create and deliver value to their customers. Companies such as Meta, Apple, Inc., Microsoft Corporation, and Samsung Group invest heavily in developing state-of-the-art near-eye display modules. Also, several research institutes are carrying out research in AR technology for various products and applications. Many companies are focusing on maximizing the features and functions of their existing products. The application areas of near-eye displays across consumer, medical, and aerospace & defense industries would grow with increasing investments by giant companies, thereby resulting in the overall growth of the market.

Challenge: Minimizing latency for AR and VR displays

Displays contribute to more than 50% of the total response delay in VR and AR devices. There will be a deviation in the location from the exact position if there is an issue in the measurement of the viewpoint. Thus, VR systems require minimal latency to maintain the virtual entity in a stable position. The virtual object projection should not delay more than 15 milliseconds while adapting to a new situation as it can cause variation in the position of virtual objects compared to real objects. Further, the AR systems also require minimum latency to improve the see-through video comfort. Thus, the minimal latency for AR systems should not be more than five milliseconds as even a little latency between the user moving, and the virtual imagery updating can be visible and highly distracting. Thus, minimizing latency is one of the key challenges for companies developing near-eye displays.

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

What Is The Future Of The Wearable Technology Industry?

 The global wearable technology market size is projected to grow from USD 116.2 billion in 2021 to USD 265.4 billion by 2026; it is expected to grow at a CAGR of 18.0% from 2021 to 2026. Factors such as growing consumer preference for sleek and compact devices in fitness and healthcare applications and the rising popularity of IoT and connected devices are driving the growth of the market during the forecast period.

The wearable technology market is dominated by a few globally established players such as Apple Inc. (US), Fitbit Inc. (US), Google LLC (US), Samsung Electronics Co., Ltd.(South Korea), Garmin Ltd.(Switzerland), LG(South Korea), Huawei(China), Sony Corporation(Japan), Xiaomi Corporation(China), and Microsoft (US)

Factors such as growing demand for smart devices in the healthcare sector and surge in demand for IoT devices are driving the growth of the market during the forecast period.

APAC accounted for the largest share in the market in 2026. APAC has the presence of prominent market players. Manufacturers in China and India offer wearable devices at a low price, making them affordable for customers. Many international players get their wearable devices manufactured and assembled by local manufacturers based in the region and then brand their names.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=983

The region has many highly populated countries, which account for the high adoption rate of consumer electronics. Wearable device manufacturers are continuously innovating their wearable devices to attain a competitive advantage. Several manufacturers have integrated NFC technology into their wearable devices to enable payment functionalities

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