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Linear Motion Systems Market: Global Market Growth Study,Top Players Data by Forecast to 2027

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The global Linear Motion System Market capitalization is expected to reach USD 8.76 billion mark, growing at a staggering CAGR of 7.8% during the forecast period (2017-2023), Market Research Future (MRFR) reports. Linear motion systems (LMS) are devices capable of gyration of components in assembly lines in two directions. Rapid industrialization across verticals such as packaging, automotive, manufacturing, and food and beverages can act as a catalyst for the market. Implementation of advanced technologies and latest equipment in processes by these sectors can be key to driving market growth over the forecast period. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/6200 Increasing demand for precision in industrial processes coupled with booming economies of India and China due to industrialization can propel the market growth. Utilization of LMS in the automotive sector for quality and repetitive movements is likely to work in favor of the market. But high maintenance costs of LMS can act as a market deterrent against growth. Segmental Analysis The global market for linear motion systems can be segmented based on type, application, and region. By type, the market has been segmented into single-axis and multi-axis linear motion systems. The multi-axis linear motion system segment is touted to dominate the market owing to the low cost of these systems compared to its counterpart. The segment can purportedly reach a projection of USD 5.70 billion by 2023 owing to its performance and efficiency across industry verticals. Major market applications include palletizing, robotics, machine tools, material handling equipment, packaging, and others. The robotics segment is likely to gain traction during the forecast period thanks to rapid pace of automation to reduce time for laborious processes such as pick-and-place, storage, and material handling. The material handling equipment segment accounted for the second-biggest applications owing to its ability to reduce operational expenses of businesses. Access Report @ https://www.marketresearchfuture.com/reports/linear-motion-system-market-6200 Regional Outlook Region-wise, the linear motion system market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). The APAC region can dominate the global market by 2023, with China and India fueling market growth. China’s market valuation stood at USD 804.7 million in 2017. It can register an 11.7% CAGR over the forecast period owing to various technological advents in automation. Japan and India follow China’s lead on the basis of demand. The North America region can register a strong CAGR over the forecast period owing to rising trend of bring-your-own-device (BYOD) and adoption of smart devices by various industries. Automation of industrial processes is expected to spur the integration of LMS across industries in the region. The necessary budget for implementation of these devices coupled with a surge in shale production can bolster regional demand. Innovations are galore in the region, with the T-Case LinearRace Shafting LMS by Thomson Industries possessing the capacity to transmit power to machines. Competitive Dashboard The market is highly fragmented and various players, at an international as well as regional levels, are imposing themselves as market influencers. Some of the key players profiled in the report include Bosch Rexroth AG, Hepco Motion, Schneeberger AG, Thomson Industries, Inc., Bishop-Wisecarver, Lintech, Rollon S.p.A., Nippon Bearing Co., Ltd., SKF AB, and Schneider Electric Motion USA. Innovation is at the crux of the strategies of these players with new products replacing legacy products. Players such as Thomson Industries, Bosch Rexroth, and Schneider Electric Motion USA are encouraging technological innovation and launching new products into the market. About Market Research Future: Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client. The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. Our Forte Strong industry focus Robust methodology Tailor-made solutions Disruptive research Cutting-edge detailed reports Competitive pricing Domain expert researchers Timely delivery Ground-breaking approach Advanced and transparent research methodology Cover latest trends and innovations
posted Oct 13 by Minakshi Jagtap

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Market Highlights The study reveals that Power Transmission And Motion Control Equipment are trending in North America region. The power transmission and motion control products are gaining momentum in these region as it is used in a wide variety of high-volume manufacturing processes. These products are more reliable, durable, and cost effective and enhancing the efficiency of manufacturing operations. These power transmission and motion control components such as linear motion slides and actuators, gearboxes, timing belts/pulleys/bushings, and a host of shaft couplings, bore reducers, and other mechanical devices. These components have huge demand in the market as it is widely used in mechanical drivetrains to create movement. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/4225 In North America region, the power transmission and motion control demand are growing due to increase efficiency, extend component life and reduce long-term operating costs. The automation requires safe, smart and sustainable production and delivery. The motion control products and devices helps to gain process effectiveness and improve system operations and performance. In 2016, Altra Industrial Motion Corp. went into the agreement to amend its existing credit facility. The Global Power Transmission And Motion Control Market is growing rapidly over 30% of CAGR and is expected to reach at USD 255 Billion by the end of forecast period. Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Power transmission and motion control Market Research Report -Forecast to 2023”. Access Report Details @ https://www.marketresearchfuture.com/reports/power-transmission-motion-control-market-4225 Global Power transmission and motion control Market Segmentation The global power transmission and motion control market are bifurcated on the basis of products, components, applications and region. The products are segmented into motors, gearings, clutches & brakes, belts & chain drivers, hydraulics/pneumatics and others. The component is segmented into services, solutions and others. The applications are segmented mining, automotive, aerospace & defense, power generation, pulp & paper, oil & gas and others. The region includes North America, Europe, Asia Pacific and rest of the world. The prominent players in the global power transmission and motion control market are – Altra Industrial Motion Corporation (U.S.), Cangro Industries, Inc. (U.S.), Forbes Engineering Sales, Inc. (U.S.), Poklar Power Motion, Inc. (U.S.), Custom Machine & Tool Co., Inc. (U.S.), Plastic PowerDrive Products, LLC. (U.S.), E&E Special Products LLC (U.S.), C-Flex Bearing Co., Inc. (U.S), Servo2Go.com Ltd. (U.S.), NMB Technologies Corporation (U.S.) and Applied Motion Products Inc. (U.S), among others. Market Research Analysis: On geographic basis, global power transmission and motion control market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with market share growth in the power transmission and motion control market. The power transmission and motion control is gaining huge demand due to the presence of major players such as Custom Machine & Tool Co., Inc. (U.S.)), Forbes Engineering Sales, Inc. (U.S.) in these regions. In this market, Europe is to be estimated to be the second largest market share for power transmission and motion control during the forecast period due to economic development and industrial production in Europe. About Market Research Future: Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information. We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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The global Smart Highways Market is showing immense growth; mainly due to the growing need for congestion free, reliable and improved travel experience among the end users. Smart highways basically refer to incorporation of different technologies into the roads for generating solar energy, for improving the operation of autonomous cars or for lighting and monitoring the condition of the roads. Increasing need for better and sustainable roads and highways is one major factor responsible for driving the growth of smart highways market.

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According to a recent study report published by Market Research Future, The global market of smart highways is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). Smart highways are gaining popularity with growing need for reliable, safe and congestion free is driving the growth of smart highways market. Technological advancements and economic growth is influencing the industry dynamics. Also, increasing demand for smart highways from medium and small enterprises is one major factor driving the market growth. Increasing adoption of intelligent transport system (ITS) and developing infrastructure are major factors expected to boost the growth of smart highways market.

On the other hand, lack of accurate driver information and inappropriate traffic flow due to poor highway communication infrastructure are major factors hindering the growth of smart highways market. Moreover, lack of technical knowledge among drivers and lack of training about the smart highway rules, regulations and technologies are other factors which may hamper the market growth.

Browse Full Report @ https://www.marketresearchfuture.com/reports/smart-highways-market-2931

Key Players:

Alcatel-Lucent (U.S.), Indra Sistemas, S.A. (Spain), Siemens AG (Germany), Kapsch AG (Germany), LG CSN (South Korea), CISCO Systems, Inc. (U.S.), Schneider Electric (France), International Business Machine (IBM) (U.S.), Xerox Corporation (U.S.), Huawei Technologies Co., Ltd. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Highways Market.

Industry News

December 2017 – LG has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market. The company wants to enable vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I) and vehicle-to-person (V2P) communications at high speeds using long-term evolution (LTE) networks.

December 2017 – Siemens has unveiled a new range of passively safe traffic signal poles which they say, offers customers longer life passively safe poles in a wide variety of forms, finish and lengths from 2m to 6m. The new poles are CE marked with a unique specification label confirming key features as required by BS EN 12899 including construction material, corrosion resistance and strength characteristics.

December 2017  Siemens has been awarded new ITS contract in Northern Ireland. A new long-term contract to maintain traffic management equipment throughout Northern Ireland for a minimum of four years has been awarded to Siemens by the Department for Infrastructure (DfI), NI. The principal objectives of the contract are to maintain a high level of equipment availability and to respond and rectify any faults which may arise on the equipment. Siemens will also carry out routine maintenance inspections and lamp changes at the appropriate intervals to check they adhere to current standards.

Smart Highways Global Market   - Competitive Analysis

The market of smart highways appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Smart Highways Global Market   - Segmentation

The smart highways market can be classified into 5 key segments for the convenience of the report and enhanced understanding;

Segmentation by Technology: Comprises of intelligent transportation management system, intelligent traffic management system, communication system and monitoring system

Segmentation by Display: Comprises of variable message signs, digital signage and others

Segmentation by Deployment: Comprises of cloud and on premise

Segmentation by Service: Comprises of managed service, maintenance and operation service and consultancy service

Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Smart Highways Global Market   - Regional Analysis

North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the smart highways market in North America owing to the presence of a large number of established key players such as Alcatel-Lucent, CISCO Systems, Inc., International Business Machine (IBM) and Xerox Corporation among others. Also, due to the growing demand for improved travel experience in the region, the market is likely to show immense growth in the coming future. Smart highways market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 due to rise in IT technology and increasing adoption of upcoming technologies in the transportation industry in the region. Whereas, the Europe market for smart highways is expected to grow at a considerable CAGR (2017-2023).

TABLE OF CONTENTS

 

1 MARKET INTRODUCTION

 

1.1 INTRODUCTION

 

1.2 SCOPE OF STUDY

 

1.2.1 RESEARCH OBJECTIVE

 

1.2.2 ASSUMPTIONS

 

1.2.3 LIMITATIONS

 

1.3 MARKET STRUCTURE

 

2 RESEARCH METHODOLOGY

 

2.1 RESEARCH TYPE

 

2.2 PRIMARY RESEARCH

 

2.3 SECONDARY RESEARCH

 

2.4 FORECAST MODEL

 

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

 

2.4.2 MARKET SIZE ESTIMATION

 

3 MARKET DYNAMICS

 

3.1 INTRODUCTION

 

3.2 MARKET DRIVERS

 

3.3 MARKET CHALLENGES

 

3.4 MARKET OPPORTUNITIES

 

3.5 MARKET RESTRAINTS

 

4. EXECUTIVE SUMMARY

 

5. MARKET FACTOR ANALYSIS

 

5.1 PORTER’S FIVE FORCES ANALYSIS

 

5.2 SUPPLY CHAIN ANALYSIS

About Market Research Future:

 

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

Our Forte 

 

  • Strong industry focus
  • Robust methodology
  • Tailor-made solutions
  • Disruptive research
  • Cutting-edge detailed reports
  • Competitive pricing
  • Domain expert researchers
  • Timely delivery
  • Ground-breaking approach
  • Advanced and transparent research methodology
  • Cover latest trends and innovations 

 

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Market Scope

Market Research Future (MRFR) reveals that the optical sensing market 2020 can possibly achieve a striking growth rate of 21.41% between 2018 and 2023 (evaluation period). It is also likely that the market, by 2023, can touch a valuation of more than USD 4 billion, adds MRFR.

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Primary Boosters and Main Barriers

Optical sensing technology has emerged as an indispensable technique for manufacturers to save time, money and power, on account of the precise and quick measurements offered by them. Also, the applications of optical sensing technology in intelligent lighting help save power, since it is not dependable on a manual on-off switch. Instead, the light is turned depending on the natural light around it. These characteristics are highly desirable and are responsible for the high product demand in the market.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/optical-sensing-market-3260

 

The number of smartphone users has managed to outpace the number of home gadget users in recent years. Estimations reveal that by 2020, over six billion cell phones are going to be in use around the globe. These statistics are relevant to the market growth for optical sensing, given the demand for more security features in smartphones like on-screen fingerprint scan. Also, with more and more companies deploying on-screen fingerprint authentication, the market growth for optical sensing is imminent in the coming years.

The mounting deployment of optical sensing technology in residential and commercial applications in lighting systems can be an important growth booster in the market. Chicago is striving to use intelligent controls and LEDs in the next few years, replacing close to 270,000 city lights. These kinds of initiatives are helping cities save colossal amount of energy costs. Various other regions are following suit, which can only mean hike in the demand for optical sensors in intelligent light systems in the approaching period and better market growth as well.

Market Segmentation

Type, method, technology, application and vertical are the primary segments as per which the optical sensing market has been studied in the report.

Optical sensing system types are Ambient Light Sensors, Fiber Optic Sensors, Position Sensors and Image Sensors, and others. In the year 2018, the fiber optic sensors segment held the biggest share of 44.05% at a value of USD 728.69 million. The segment is also presumed to attain a growth rate of 19.17% in the given timeline.

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

Our Forte

 

•          Strong industry focus

•          Robust methodology

•          Tailor-made solutions

•          Disruptive research

•          Cutting-edge detailed reports

•          Competitive pricing

•          Domain expert researchers

•          Timely delivery

•          Ground-breaking approach

•          Advanced and transparent research methodology

•          Cover latest trends and innovations

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4K technology is on the way to substitute HD technology from TV screens, computer monitors, projectors, as well as cameras. On this, Market Research Future suggested a study that reveals that the 4K technology market might rise at a valuation of USD 150,202 Million by the year 2023. The rate of growth is calculated to be 21.29% of CAGR through the years from 2017 to 2023. The transition from standard definition to elevated definition resolutions has played a massive role in creating a 4K technology market for large screen TV all over the world.

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Top Impacting Factors

4K technology is mainly used in electronic devices to enhance its picture quality. The 4k image is composed of almost 8.3 Million pixels compared to the 1080p image, which of 2 Million pixels. 4K technology is an advanced feature that offers sharp quality pictures along with vibrant colors, which is one of the leading factors fascinating to the global 4k technology market. This is also probable to boost the global 4k technology market in the near future. Increasing the disposal income of people positively impacts global market growth. Moreover, preferences of people have changed to view the picture with advanced quality, which is accepted to stimulate the 4k technology market growth in the future.

In fact, the growing industrial revolution has also projected to foster the global market in the future timeframe. With this, technological proliferation has led to the development of UHD, which means 4K technology after full HD. This new product is known for having a better color display, improved sound quality crystal clear picture. Additionally, 4K TV supports extended colors and faster frame rates. All these factors have made the market to expand more mainly in the developed regions and score well in the future.

Furthermore, the main advantages of 4K technology are the higher resolution gives better quality. From the context of home, 4K in TV screens has a least resolution of 3,840 pixels wide and 2,160 pixels high, thus making it the corresponding to two 1080p screens in height and two in length. Despite these factors, 4K technology has few disadvantages which choose to hamper the growth of the4K technology market. The content recorded in 4K is still restricted. To transfer videos in 4K, it is obligatory to have a minimum bandwidth of 25Mbps. The exported archives are profound and take up much space. The prices of 4K televisions are not reachable for all pockets. All these factors are posing as a tough challenge for the market to reach its higher valuation throughout the forecast period.

Segmentation of Market: 4 K Technology


As per the study, the global 4K technology market has further been studied among the main segments of the product, which includes TVs, digital signage, monitors, Smartphones, set-top boxes, laptops, tablets, cameras, projectors, blue-ray players. New technologies facilitate users to capture the sharpest video and edit without losing its quality. 4K cameras support the flash memory used by photographers and videographers. 4K cameras can shoot videos with the practice of any single frame as high-res image allows photographers capturing without compromising on quality. The high resolution in the 4K market offers users detailed gaming features as well. A 4K laptop consists of the extra pixel that provides photographers with a sharp image, smooth text, and graphics. 4K laptops also provide users a high storage option for software interfaces. The elevated memory space and better gaming platform are driving the 4K laptop market.


Access Report Details @ https://www.marketresearchfuture.com/reports/4k-technology-market-2909

 

Regional Framework


Currently, the Asia-Pacific region is the leading player in the 4K technology market. North America region is also one of the rising markets in the region owing to high spending powers. The growing economies such as Japan, India, and China have acquired the largest market share owing to mounting electronics industries in this region. The forthcoming revolution in technology is changing the market of the display with higher resolution. 4K technology refers to pixel size. It consists of 3840 or 4096 horizontal pixels and 2190 vertical pixels. Japan and Korea are possible to show rapid growth owing to the incidence of the broadcasting system industry. Also, China is in the same line of growth and be the leader in the shipment of 4K TV in the future timeframe.

 

The North America region has been the foremost adopter of the 4K technology and leads the 4K display market expansion. The Asia Pacific is also likely to show growth in the coming years.


Top Competitive Market Players


Some of the foremost companies working in the market are Panasonic Corp. (Japan), Canon Inc. (Japan), AsusTek Corp. (Taiwan), JVC Kenwood Corp. (Japan), Sharp Corp. (Japan), Innolux Corp. (Taiwan), LG Electronics Corp. (South Korea), Blackmagic Design Pty Ltd. (Australia), Hisense Co.Ltd (China), Samsung Electronics Corp. (South Korea), and Sony Corp. (Japan).

 

About Market Research Future:

 

 

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

Our Forte 

 

  • Strong industry focus
  • Robust methodology
  • Tailor-made solutions
  • Disruptive research
  • Cutting-edge detailed reports
  • Competitive pricing
  • Domain expert researchers
  • Timely delivery
  • Ground-breaking approach
  • Advanced and transparent research methodology
  • Cover latest trends and innovations 

 

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Smart City Market – Overview:

The next phase of urban development in cities has emerged in the form of the Smart Cites Industry revolution. Market Research Future, a firm which specializes in market reports related to the Information and Communications Technology sector among others, recently published a report on this market. The market for global smart cities is expected to reach USD 1933 Billion by 2022.

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Increased pace of urbanization has entailed the need for smart cities concept. The demand for smart cities concept and tools has diversified significantly due to government initiatives related to funding and R & D activities. Development of the concept of Internet of things has also added to the growth of the smart cities concept. Better internet connectivity has also played a vital role in the development of this industry.

Industry Segments:

The industry for global smart cities can be divided into following categories of component and application. The segmentation on basis of component is into hardware, software and service. While, on the basis of component, the hardware component in smart city accounts for the largest market share and is growing with approximately 30.65% CAGR during forecast period. On the basis of application, the category is divided into utility, transport, government, residential, education, healthcare and others. In this segmentation, the transport sub segment holds majority of market share growing with approximately 30.34% CAGR by the end of forecast period.

Detailed Regional Analysis:

The market for global smart cities is projected to develop at an encouraging rate during the forecast period. The North American market is anticipated to achieve a majority share in the smart city market. High adoption rates related to internet of things, development of high end infrastructure and focus towards energy saving and availability of efficient network connectivity is driving market in the North American region. This region is followed by the European region in this market. Nevertheless, Asia-Pacific is estimated to be the fastest rising region in smart city market due to the increasing initiatives and high investment initiated by governments.

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Global Competitive Analysis:

The industry players in the segment are effectively utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been observed in the market of late with the development of different varieties of product types. The sector is meanwhile also undergoing considerable transformation which has accelerated the growth pace of the sector. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.

The key players in global smart city market include Huawei Technologies Co Ltd. (China), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), AT&T Inc. (U.S), Siemens AG (Germany), Oracle Corporation (U.S.) Microsoft Corporation (U.S) among others.

Industry Updates:

Jan 2018 Kuching, Malaysia has invested into it vision of becoming a smart city with the launch of Sacofa Open Fibre Infra Access (Sofia) recently. Sofia has the ability to deliver high-speed internet connections to residential or commercial buildings. With the innovative infrastructure, the people of the city would be able to be better linked with the outside world with more ease.

Jan 2018 The Department of Homeland Security in the US is reaching out to tech entrepreneurs and innovators to advance smart city tools for first responders. The department's Science and Technology Directorate (S&T) launched also launched a smart city grant named the ‘Request for Innovators’ designed for tech companies that can develop tools to assist first responders. S&T has partnered with the First Responders Group and the Smart Cities Internet of Things Innovation (SCITI) Labs to coordinate the grant that awards selected entrepreneurs and tech companies with roughly $50,000 to design initial prototypes, and if they prove useful S&T will provide an additional $100,000 for research and development. 

Jan 2018 Malaysia will be the first country apart from China to adapt the smart city system established by the cloud computing arm of Alibaba Group Holding. Its subsidiary, Alibaba Cloud, has launched the smart city initiative called Malaysia City Brain, which will harness artificial intelligence, big data and cloud technologies to support the country’s digital transformation and help its cities run more efficiently.

Jan 2018 Panasonic is developing a "smart city" infrastructure in Colorado, US with the aim of turning the area into a smart city by 2026. The initiative is part of a larger Panasonic program called CityNow. The development of the town will happen on a 400-acre of empty land near the Denver Airport, the company has installed free WiFi, LED street lights, pollution sensors, a solar-powered microgrid, and security cameras initially.

Table Of Content

 

1 Market Introduction

 

2 Research Methodologies

 

2.1 Research Process

 

2.2 Primary Research

 

2.3 Secondary Research

 

2.4 Forecast Model

 

2.4.1 Market Size Estimation

 

3 Market Dynamics

 

3.1 Market Drivers

 

3.2 Market Restraints

 

3.3 Market Opportunity

 

3.4 Market Challenges

 

4 Executive Summary

 

5 Market Factor Analysis

 

5.1 Smart City Supply Chain

 

5.2 Porter’s Five Forces Analysis

 

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

Our Forte 

 

  • Strong industry focus
  • Robust methodology
  • Tailor-made solutions
  • Disruptive research
  • Cutting-edge detailed reports
  • Competitive pricing
  • Domain expert researchers
  • Timely delivery
  • Ground-breaking approach
  • Advanced and transparent research methodology
  • Cover latest trends and innovations 

 

 

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