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Touchless Sensing Industry Expected to Raise Moderately over 2027

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Touchless sensing is defined as an advanced form of human-machine interaction that is dependent on software. Here, the user can control and monitor devices via contactless modes. Market Research Future (MRFR) has published a research report regarding the global touchless sensing market that vaticinates massive extension for this market with 17.3% CAGR (Compound Annual Growth Rate) for this market between 2018 and 2023. In terms of cash, this market is expected to be worth US $ 18 bn.

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The key factors aiding the market growth for touchless sensing are easy incorporation into mobile devices and its high demand across industries including food & agribusiness, healthcare, and Information Technology (IT). Other factors aiding the market include low cost, zero maintenance, reliability, ease of development & integration, enhanced user experience, ease of use, increasing digitalization across industries. Lastly, increasing hygiene concerns, especially in the food industry are contributing substantially to the growth of the touchless sensing market. However, some factors that can cause roadblocks in the market growth are the absence of haptic sensation and high power consumption.

The global touchless sensing market has been segmented on the basis of industry, product, technology, touchless biometric, and lastly, region. The industry-based segmentation segments this market into automotive, banking, financial services and insurance (BFSI), consumer electronics, government, healthcare, and others. Based on the product, the market has been segmented into touchless biometric, touchless sanitary equipment, and others. Touchless sanitary equipment has been sub-segmented into hand dryers, touchless faucets, touchless soap dispensers, touchless towel dispensers, and touchless trashcans.

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On the basis of technology, the market has been segmented into camera-based technology, radio-frequency identification (RFID) technology, sensors, voice assistance, and others. Sensors have been sub-segmented into image sensors, infrared sensors, proximity sensors, and others. The touchless biometric segment has been segmented into a face recognition system, iris recognition, touchless fingerprint recognition, and voice recognition.

The regional segmentation of the global touchless sensing market segments the market into continent-based regional markets known as North America, Europe Asia Pacific and the rest of the world (RoW). According to the report, Europe is expected to hold the largest share during the forecast period due to the favorable initiatives were taken by the governments of various European countries towards hygiene standards. The most important country-specific markets in Europe are France, Germany, Italy, Spain, and the United Kingdom (UK).

North America is the second largest market. The organizations in this region are shifting towards new and upgraded technologies with the increasing adoption of digital business strategies. The presence of a major solution provider of touchless sensing (key market players) in North America is also boosting the market growth in this region. The significant country-specific markets in this region are the United States of America (USA), Canada, and Mexico.

The Asia Pacific is expected to emerge as the fastest growing market during the forecast period because the growth potential of developing countries can provide a favorable environment for product manufacturers. The major country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.

The RoW segment covers the Middle East & Africa (MEA) and Latin America. In Latin America, Argentina and Brazil have strong economies, and they might emerge as big markets in the future. The MEA region shows limited market slow and steady growth. The reasons for the slow market growth in this region are lack of awareness, lack of education, lack of technological development, political instability.

Key Players

The key players in the global touchless sensing market include CogniVue Corporation (Canada), Crossmatch (USA), Elliptic Labs Inc. (Norway), Eyesight Technologies Ltd. (Israel), Microchip Technology Inc. (USA), Microsoft Corporation (USA), Intel (USA), InvenSense (USA), NXP Semiconductors (Netherlands), and Qualcomm Inc. (USA). 

Latest Industry News

  • Twenty Billion Neurons GmbH, a leading provider of real-time, artificial intelligence (AI) solutions and interactive computer vision, has announced a $10 mn Series A funding round, led by M12, Microsoft's venture fund, with participation from Coparion, Creative Edge, and MFV Partners. 26 SEP 2018
  • Microsoft has won a patent for a future surface tablet called Surface Go that could support touchless input & recognize hand gestures. 11 JUL 2018.

 

TABLE OF CONTENTS

 

1 Executive Summary

 

2 Scope Of The Report

 

2.1 Market Definition

 

2.2 Scope Of The Study

 

2.2.1 Research Objectives

 

2.2.2 Assumptions & Limitations

 

2.3 Markets Structure

 

3 Market Research Methodology

 

3.1 Research Process

 

3.2 Secondary Research

 

3.3 Primary Research

 

3.4 Forecast Model

 

4 Market Landscape

 

4.1 Porter’s Five Forces Analysis

 

4.1.1 Threat Of New Entrants

 

4.1.2 Bargaining Power Of Buyers

 

4.1.3 Threat Of Substitutes

 

4.1.4 Segment Rivalry

 

4.1.5 Bargaining Power Of Suppliers

 

4.2 Value Chain/Supply Chain Of Touchless Sensing Market

 

5 Industry Overview Of Touchless Sensing Market

 

5.1 Introduction

 

5.2 Growth Drivers

 

5.3 Impact Analysis

 

5.4 Market Challenges

About Market Research Future:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

 

 

posted Oct 13 by Minakshi Jagtap

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Push buttons signaling devices are used to control and monitor equipment and machinery in industries, indicating audio-visual signaling notifications.  The global push buttons & signaling devices market is growing continually. The market growth attributes to stringent industrial safety regulations and the rising adoption of Pushbutton signaling devices across the industrial verticals.

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Besides, increasing safety concerns in food and beverages, chemicals and pharmaceuticals, and oil & gas industries drive the market growth. Also, the market seeks opportunities due to the reduced costs of LED lights. Moreover, the increasing demand for real-time monitoring of machinery escalates the market growth, encouraging manufacturers of push buttons & signaling devices to incorporate wireless connectivity in these devices.

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According to Market Research Future (MRFR), the global push buttons & signaling devices market is projected to create a valuation of USD 2,206.2 MN by 2023. In its recent COVID 19 analysis on the push buttons & signaling devices market, MRFR states that the market had valued at USD 1,654.0 MN in 2018, which is expected to grow further at approximately 5.1% CAGR during the forecasted period (2019–2024).

Additionally, the proliferation of LED lights encourages manufacturers of industrial signal lights and industrial warning lights to incorporate LED lights to minimize the manufacturing costs. On the flip side, high costs involved in the inspection and maintenance of these devices is a major factor estimated to impede the market growth. Nevertheless, the growing demand for push buttons & signaling devices in the automotive sector would support market growth throughout the review period.

 

Push Buttons & Signaling Devices Market   - Segments

The report is segmented into five dynamics;

By Type                       : 20mm Pushbuttons, 30mm Pushbuttons, and others.

By Signaling Devices: Visual Signaling Devices (covers rotating beacons, tower lights, panel light bars, led stick lights, others), and Audible Signaling Devices (electronic sounders & tone generators, alarms, bells & horns, intercoms, others).

By Connectivity     : Wired and Wireless Connectivity.

By Vertical              : Food & Beverages, Oil & Gas, Chemicals & Pharmaceuticals, Energy & Utilities, Mining, and others.

By Regions              : Asia Pacific, Americas, Europe, and the Rest-of-the-World.

 

Push Buttons & Signaling Devices Market   - Regional Analysis

North America dominates the global push buttons & signaling devices market. The largest market share attributes to government regulations for industrial safety and security, encouraging the adoption of signaling devices in various industrial facilities. Besides, ongoing industrial developments, rapid commercialization, and the rise in security systems implementations across varied commercial spaces drive the market growth.

Moreover, the strong presence of notable players and development centers & manufacturing facilities in the region fosters market growth, allowing early adoption of advanced technologies. Also, growing government spending to enhance security systems in the region boosts the growth of the market. The North America push buttons & signaling devices market is projected to retain its dominance throughout the estimated period.

Europe stands second in the global push buttons & signaling devices market. The market growth is driven by the increasing uptake of advanced signaling technologies across the end-user industry-verticals. Rapid urbanization and increasing office & residential premises act as a major growth driver for the market in the region. The European push buttons & signaling devices market is expected to create a substantial revenue pocket over the forecasted period.

The Asia Pacific push buttons & signaling devices market is growing rapidly. Factors such as the presence of the leading manufacturers and technological advances in the region further foster the growth of the market. Besides, early adoption of the latest identification and signaling technologies in various industries, enterprises, and residential properties across the region propel market growth. The APAC push buttons & signaling devices market is estimated to register the highest CAGR during the forecast period.

 

Global Push Buttons & Signaling Devices Market   - Competitive Analysis

Highly competitive, the push buttons & signaling devices market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, mergers & acquisitions, collaboration, brand reinforcement, and innovation remain key industry players' key trends. Players make a substantial investment in research and development of innovative technologies and to upgrade their product portfolio. 

Major Players: 

Players leading the global push buttons & signaling devices market include Emerson Electric Co. (US), ABB Ltd (Switzerland), Robert Bosch GmbH (Germany), Siemens AG (Germany), Rockwell Automation Inc. (US), Eaton PLC (Ireland), Schneider Electric (France), Omron Corporation (Japan), Thomas & Betts Corporation (US), PATLITE Corporation (US), Thales Group (France), Potter Electric Signal Company LLC (US), General Electric (US), Honeywell International Inc. (US), E2S Warning Signals (UK), R. Stahl AG (Germany), Federal Signal Corporation (US), Tomar Electronics (US), WERMA Signaltechnik GmbH + Co. KG (Germany), C&S Electric Limited (India), Thakral Services (India) Ltd (India), and Koninklijke Philips Electronics NV (Netherlands). 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 

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July, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on “Global Terminal Management System Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Terminal Management System (TMS) a combination of hardware & software elements helps to carry out all data management task which is required to perform while loading terminal. It uses a single web-based portal to manage all operational and commercial activity at a terminal helping operators to efficiently plan and execute loading operations, manage book and physical inventory, charging for services and provide billing activity to the customer.

A TMS is quite helpful in Brownfield projects where modification and up-gradation of systems becomes integral. With the increasingly evolving technologies, Brownfield projects are increasing too which defines the growing market landscape of TMSs.

Terminal Management System (TMS) a combination of hardware & software elements helps to carry out all data management task which is required to perform while loading terminal. It uses a single web-based portal to manage all operational and commercial activity at a terminal helping operators to efficiently plan and execute loading operations, manage book and physical inventory, charging for services and provide billing activity to the customer. 

A TMS is quite helpful in Brownfield projects where modification and up-gradation of systems becomes integral. With the increasingly evolving technologies, Brownfield projects are increasing too which defines the growing market landscape of TMSs.

According to a recently published report by Market Research Future, The global market of Terminal Management System is booming and expected to gain prominence over the forecast period. The global Terminal Management System Market is anticipated to accrete to USD 2 Bn. by 2023, at a striking CAGR of 13 % during the forecast period 2017-2023.

The interactive Terminal management system market is undergoing a significant change, as some of the burgeoning sectors such as oil and gas go through the digital transformation, embracing and leveraging of a wide variety of new terminal types and forms that do not lend themselves to relational representation, and as they move to the cloud. 

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Growing application areas and high adoption of cloud computing are playing a vital role in the growth of TMS market.  With the growing size of the digital content worldwide, the need for Terminal centers and cloud computing is expected to rise subsequently.

Additional factors substantiating the market growth include the growing implementation of terminal management solutions in brownfield projects, low operational cost, increasing awareness about the security solutions and about the installing automation solutions.

On the other hand, factors such as technical complexity and incompetence are bottlenecking the market growth. Also, the high cost of hardware and software and staff training are expected to pose as a challenge to the market growth of Terminal management system market.

Global Terminal Management System Market   - Segments

The report is segmented into four key dynamics for an easy grasp and enhanced understanding.

By Components        : Hardware, Software

By Project Types : Greenfield and Brownfield

By Vertical           : Oil & Gas, Chemicals and others.

By Regions           :  North America, Europe, APAC and Rest-of-the-World.

Global Terminal Management System Market   Regional Analysis

North America is dominating the market of Terminal management system due to the presence of global players which provide a competitive advantage to the U.S. and Canada. Growing IT industry and high deployment of cloud computing by middle and large enterprises are some of the major factors which is driving the market of Terminal management system in North America.

Also, factors such as the augmented demand for new technological solutions, increasing number of Brownfield projects, increasing consumer awareness for security solutions and increasing competition among developers in the region, are substantiating the market growth.

Europe is showing steady growth in the market of the Terminal management system. High growth of financial and healthcare sector is leading to the high adoption of on-premises and on-cloud Terminal infrastructure.

The Asia Pacific is emerging as one of the most lucrative markets for the Terminal management system, mushrooming rapidly. Growing manufacturing and BFSI sector in China and India is one of the key driving forces accounting for the market growth in the region. Also, players located in China and Japan is investing heavily in the development of efficient management systems which in turn, is substantiating the market growth in APAC.

Attributing to the increasing need for operational efficiency and the integrated safety along with the better security solutions, the APAC market will demonstrate a galvanizing growth, witnessing enhancement in the terminal automation.

Terminal Management System Global Market   - Competitive Analysis

Characterized by the presence of several major well-established players, the global Market of   Terminal Management System appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain a competitive advantage over the other market players and thus to maintain their positions in the market.

Strategic partnerships are expected to help key players to grow and expand during the forecast period. Market players compete based on pricing, technology, reputation, and services. These players strive to provide a combined open source and industry-leading solutions irrespective of the deployment of the data; on- cloud, on-premises, or at the edge.

Key Players:

ABB Ltd. (Switzerland), Honeywell International, Inc. (US), Siemens AG (Germany), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), Schneider Electric (France), Emerson Electric Corporation (US), Implico GmbH (Germany), Endress+Hauser Management AG (Switzerland), and General Atomics Corp. (California) are some of the leaders in the Global Terminal Management System Market and are profiled in MRFR Analysis.

Industry/Innovation/Related News:

June 28, 2018 – Hughes Network Systems, LLC (US) announced its collaboration with Pasifik Satelit Nusantara (PSN), an Indonesian internet service provider, to provide the Jupiter System for broadband services over the PSN VI High Throughput Satellite (HTS). The comprehensive Hughes solution includes HG240 Gateways, a variety of remote terminals, and a central network management system, enabling PSN to deliver satellite broadband services to consumers and businesses across Indonesia.

April 17, 2018 – Emerson (US), a multinational software company launched the next-generation terminal management software which can help operators streamline operations and manage their terminals more efficiently.

With this TMS launch, Emerson has demonstrated its extent to offer new ways for its customers to improve the efficiency of their operations, not just for loading and unloading operations but the terminal business management process as well.

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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 Overview In its research report, Market Research Future (MRFR), asserts that the wearable technology components market 2020 is expected to grow significantly, securing a exponential market valuation from USD 20.89 billion in 2017 up to USD 51.50 Billion in 2023, and a substantial 16.02% CAGR over the review period. Drivers and Restraints The demand for wearable technology components has yet to grow, and health and activity monitoring apps currently dominate. While the reach of this market has expanded beyond health and wellness, due to innovation, technology innovations and the growing number of use cases, wearables are expected to be used for different purposes in the near future. Get Free Sample Report : https://www.marketresearchfuture.com/reports/wearable-technology-components-market-800 One of the major factors leading to the growth of the wearable technology product market has been the recent developments in mobile networks. This is also likely that demand for wearable devices in sectors such as infotainment, telemedicine, navigation (cycling and running), and others, would fuel the market. For example, various fitness devices such as Fitbit can be connected to satellites to facilitate navigation, while the Apple Watch can be used for hotel check-in and contactless payment. However, shared data privacy and protection and lack of sufficient network infrastructure are some of the limiting factors that could potentially hamper the wearable technology portion market during the forecast period. Segmental Analysis The global wearable technology component market is segmented into products, technology, components, and application. The segmentation by product includes headwear and eyewear, wristwear, neckwear, smart clothing, wearable cameras, and implants. According to MRFR study, Wristwear segment is gaining the highest market share in 2017 and is slated to grow at a healthy CAGR by the end of the reivew period. The growth in the segment is due to the inclination of major market players towards creating products with advanced features to serve consumers’ need of fitness and healthcare. By technology, it is segmented into display technology, computing technology, networking technology, and sensor technology By components, it is segmented into memory, battery, control, sensing, and connectivity. By application, the market is segmented into fitness and wellness, consumer electronics, healthcare, defense, and enterprise and industrial applications. Access Report Details @ https://www.marketresearchfuture.com/reports/wearable-technology-components-market-800 Regional Analysis The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. During the forecast era, North America is projected to account for the greatest market share of the wearable fitness technology industry. The that understanding of the latest developments in technology, new technologies and the acceptance of wearable technology components leads to rising wearables ownership. In addition, the market in this area is powered by high consumer disposable income that, combined with health knowledge and willingness to maintain a healthy lifestyle, will accelerate the adoption of wearable technology components in the years to come. Europe is also expected to experience significant growth in the demand for wearable technology components over the forecast period. In Europe, a number of innovations are being introduced which drive the region's demand for wearable technology. Due to the increasing population in China, Japan and India, which is responsive to the latest technology trends, Asia Pacific is expected to have a positive growth during the forecast period. Competitive Analysis The major market players operating in the global market as identified by MRFR are Adidas AG (Germany), Xiaomi Inc. (China), Apple Inc. (US), Google Inc. (US), Garmin Ltd. (US), Fitbit (US), Jawbone (US), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Qualcomm Technologies, Inc. (US), and Nike, Inc. (US). Whereas, Lifesense Group (Netherlands), Misfit, Inc. (US) are among the other players. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In its research report, Market Research Future (MRFR), emphasizes that the global portable Battery Market 2020 is expected to grow significantly, securing a substantial market valuation of USD 18 Billion and a healthy 17% CAGR over the review period.

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Drivers and Restraints

Through the growth of innovative devices the portable battery market is increasing. It is important to recharge battery-operated electronic devices such as cell phones, wireless devices and others from time to time, which has become a key factor affecting the growth of the portable battery industry. Factors such as growth in electric vehicle adoption, growth in the renewable sector and consumer electronics sales are expected to drive the growth of the portable battery industry. The growth of the global portable battery market is limited by factors such as fire risk, high cost and electrolyte leakage. Advances in technology such as IoT-based devices and increasing demand for new medical and consumer goods such as hearing aids, bands, digital watches are projected to be the worldwide opportunistic market for portable batteries. Mainly, portable batteries are used in household applications such as calculators, flashlights, clocks, and watches. Quite stringent government policies on fuel use and fuel efficiency are also one of the key reasons for increasing demand in the market for portable batteries. Therefore, the constantly growing need for the portable electronic system due to its longer shelf life is also one of the primary factor estimated to act as a catalyst for the demand of  batteries during the forecast period. Furthermore, the growth in demand for smartphones and tablets fuels the use of portable batteries and has made them unique in the consumer electronics market. In addition to the rapid growth of plugin hybrid electric vehicles, the market for portable batteries in the coming years is also expected to increase.

 

At the other hand, the overheating problem of portable batteries serves as a limiting factor in reaching the maximum potential for the portable battery industry. Portable batteries' greatest obstacle is the high price of the batteries. Fire risk in electronic devices and vehicles is also a major limiting factor for market development. Inadequate charging set-up is also acting as a impeding factor in the growth of the Portable Battery market.


 

Segmental Analysis


The global portable battery market is analyzed on the basis of technology, capacity type, and applications.

Based on the technology, the market has been segmented into lithium-polymer battery, lithium-ion battery, nickel-cadmium battery, and nickel-metal hydride battery.

Based on the technology, the market has been segmented into 000-2500 mAh, 2600-5000 mAh, 5100-10400, mAh and above 10400 mAh.

Based on the technology, the market has been segmented into smartphones, tablets, media devices and portable, and wearable accessories.

 

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Regional Analysis


The geographical overview of the global portable battery market has been conducted in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world.

Owing to the high use of cell phones and other portable devices, Asia-Pacific dominates the global portable battery market with the greatest market share. In addition, rapid migration from rural to urban areas is expected to help the mobile phone segment over the forecast period, especially in countries such as China and Indonesia. In order to gain a competitive advantage in the cell phone sector, main market players rely heavily on broad distribution networks such as multi-brand distributors and cell accessories retailers to better cater for customers. The region's emerging economies like India, Vietnam, Myanmar and China are making greater efforts to extend and modernize wireless app services. It is further expected that Thailand, Singapore, and the Philippines will contribute to regional market expansion over the forecast period. Countries such as Japan, Malaysia, and Australia are rising to build new battery designs, and expected to play a major role in Asia-Pacific market expansion.


Due to the growing demand for high-capacity range devices in this area, North America is expected to rise during the forecast period, which will in turn accelerate the growth of the global portable battery pack market.


Competitive Analysis

The major market players operating in the global market as identified by MRFR are Advanced Battery Systems Inc. (US), Casio Computer Co.Ltd. (Japan),Acer Inc. (Taiwan), Sony Corporation (Japan), Alcatel-Lucent S.A. (France), Dell Inc. (US), Siemens AG (Germany), Nikon Corporation (Japan), Sharp Electronics Corporation (Japan), and Seiko Holdings Corporation (Japan)


 

Other players in markets are   BYD Company Ltd. (China), Samsung Sdi Co. Ltd. (South Korea), China Bak Battery, Inc. (China), Energizer Holding Inc. (US), Duracell International Inc. (US), LG Chem Inc. (US), Mophie Inc. (US), Panasonic Corporation (Japan), Lenovo group Ltd. (Hong Kong), Simplo Technology Co. Ltd. (Taiwan) among others.

 

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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Electronic article surveillance system is extensively used in the different segments of commercial sectors, government institutions, supermarkets and retail industries. Majorly the electronic surveillance system is used in supermarket and retail stores. Retail industries are currently suffering from increase in the number of shop-lifting cases which gradually increase their losses. Therefore, electronic article surveillance system aids to curb the shoplifting cases through hard, soft tags and detection system which are widely used in retail stores and supermarkets. Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/5211 According to Market Research Future Analysis, electronic article surveillance market has been valued at approx. USD 1600 million in 2016 and is expected to grow with 3.61% of CAGR during forecast period 2016 to 2022. Electronic article surveillance system Market is segmented by type and by application. Based on type, Electronic article surveillance system market is bifurcated into hard tag, soft tag, deactivator or detacher and detection system. On the basis of end-use, electronic article surveillance system has been differentiated into clothing and fashion accessories, cosmetics/pharmacy, supermarkets & large grocery and others. Key Players Market Research Future (MRFR) identifies the following companies as the key players in the electronic article surveillance market – are Checkpoint Systems(U.S.), Tyco International Ltd (Ireland), Nedap (The Netherlands), Hangzhou Century Co., Ltd, (China), Gunnebo Gateway (Sweden), Sentry Technology (U.S.), Ketec (U.S.), All-Tag Corporation (U.S), Universal Surveillance System (U.S) Get Report Details @ https://www.marketresearchfuture.com/reports/electronic-article-surveillance-system-market-5211 Regional analysis Geographically, electronic article surveillance market has been bifurcated into of U.S, China, Europe, Japan, Korea, Taiwan and Rest of the World. In terms of revenue, China led the market in Asia-Pacific region in the year 2017 and generated market revenue of USD 426.9 million and is expected to reach market value of USD 529.2 million by 2022.This is attributed to large number of electronic manufactures in China. Additionally, due to increased population in China and rising demand for the variety of fashionable clothes and cosmetics is expected to drive the market. However, Europe is expected to have a significant growth over the forecast period. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Some Points Of Table Of Content Some Points Of Table Of Content 1 Executive Summary 2 Market Dynamics 2.1 Market Growth Factors 2.1.1 Growing Adoption Of Electronic Article Surveillance Systems (EAS) By Retail Industry 2.1.2 Increasing Security Concerns At Shopping Store 2.2 Market Restraints 2.2.1 Competition From Opponents 3 Electronic Article Surveillance Supply Chain/Value Chain Analysis 4 Porter’s Five Forces Analysis 5 Global Electronic Article Surveillance Market, By Type 3.1 Introduction 3.2 Sub-Segment 3.2.1 Hard Tag 3.2.2 Soft Tag 3.2.3 Deactivator Or Detacher 3.2.4 Detection System 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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