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Smart Cameras Market Global Insights and Trends, Forecasts to 2027

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As per the analysis by the Market Research Future Reports (MRFR), the global smart cameras market is expected to expand at a CAGR of 8% and value approximately 2 billion by the end of 2023.

Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/1326

 

The global market for the smart camera is likely to grow considerably during the forecast period from 2017 to 2023. The robust development in camera technology, increasing adoption of automation systems by industries and homes, expansion of semiconductor and electronics industries have contributed significantly to the expansion of the global market for smart camera 2020. The rising demand for surveillance and security, easy installation process, developed specifications in electronic gadgets are likely to propel the smart camera market at a global level.  However, the lack of technical proficiency and the high cost of cameras are the major factors hindering the growth of global smart cameras. Apart from this, the scarcity of standardization and constant review of regulatory policies of local bodies of various economies on the installation of smart cameras at sensitive locations are assumed to act as an obstacle to the expansion of the smart camera market.


 

Market Segmentation


 

The global market for the smart camera can be classified on the basis of end-user, components, application, sensor technology, integration, scanning technology, and region.


 

On the basis of end-user, the global market for the smart camera can be segmented into Military & Defense, Public Spaces, Transit Facilities, Enterprise & Government Infrastructure, Commercial Facilities, and Residential Infrastructure.


 

On the basis of components, the global market for the smart camera can be segmented into Communication Technology, Digitization Circuit, Sensors, Lighting Device/LED, and Storage Hardware.


 

On the basis of application, the global market for the smart camera can be segmented into Fingerprint Readers, Security & Surveillance, Face Recognition, Robotics, Traffic Surveillance, and Industrial Machine Vision.


 

On the basis of sensor technology, the global market for the smart camera can be segmented into CCD and CMOS.


 

On the basis of integration, the global market for the smart camera can be segmented into Distributed Smart Cameras, Embedded Smart Cameras, Single-Chip Smart Cameras, and Stand-Alone Smart Cameras.


 

On the basis of scanning technology, the global market for the smart camera can be segmented into Line Scan, and Area Scan.


 

On the basis of region, the global market for the smart camera can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).


 

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/smart-cameras-market-1326


 

Regional Segmentation


 

The geographical analysis of Europe, North America, Asia Pacific, and RoW has been performed. As per the analysis, the APAC is likely to reign the global smart camera by acquiring the maximum market share in the region. The developing countries of APAC, such as Taiwan, China, Japan, and the Republic of Korea, are making a significant contribution to the market. It is accredited to a large number of suppliers of electronics components, manufacturers, and semiconductors are enhancing the market to expand significantly. Europe is likely to have a considerable growth of the smart camera market due to the increasing demand for security and surveillance in public places. The North American region is likely to expand due to the presence of developed nations like Canada and the U.S. It is likely to expand considerably during the review period.


 

Key Players

The most important players in the market for the smart camera are Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Bosch Security Systems, Inc. (Germany), Nikon Corporation (Japan), Canon Inc. (Japan), Flir Systems, Inc. (U.S.), Raptor Photonics Ltd. (U.K.), Panasonic Corporation (Japan), Olympus Corporation (Japan), Watec Cameras Inc. (Japan), and Polaroid Corporation (U.S.).

 

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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As per the analysis by the Market Research Future Reports (MRFR), the global smart cameras market is expected to expand at a CAGR of 8% and value approximately 2 billion by the end of 2023.

Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/1326

 

The global market for the smart camera is likely to grow considerably during the forecast period from 2017 to 2023. The robust development in camera technology, increasing adoption of automation systems by industries and homes, expansion of semiconductor and electronics industries have contributed significantly to the expansion of the global market for smart camera 2020. The rising demand for surveillance and security, easy installation process, developed specifications in electronic gadgets are likely to propel the smart camera market at a global level.  However, the lack of technical proficiency and the high cost of cameras are the major factors hindering the growth of global smart cameras. Apart from this, the scarcity of standardization and constant review of regulatory policies of local bodies of various economies on the installation of smart cameras at sensitive locations are assumed to act as an obstacle to the expansion of the smart camera market.


 

Market Segmentation


 

The global market for the smart camera can be classified on the basis of end-user, components, application, sensor technology, integration, scanning technology, and region.


 

On the basis of end-user, the global market for the smart camera can be segmented into Military & Defense, Public Spaces, Transit Facilities, Enterprise & Government Infrastructure, Commercial Facilities, and Residential Infrastructure.


 

On the basis of components, the global market for the smart camera can be segmented into Communication Technology, Digitization Circuit, Sensors, Lighting Device/LED, and Storage Hardware.


 

On the basis of application, the global market for the smart camera can be segmented into Fingerprint Readers, Security & Surveillance, Face Recognition, Robotics, Traffic Surveillance, and Industrial Machine Vision.


 

On the basis of sensor technology, the global market for the smart camera can be segmented into CCD and CMOS.


 

On the basis of integration, the global market for the smart camera can be segmented into Distributed Smart Cameras, Embedded Smart Cameras, Single-Chip Smart Cameras, and Stand-Alone Smart Cameras.


 

On the basis of scanning technology, the global market for the smart camera can be segmented into Line Scan, and Area Scan.


 

On the basis of region, the global market for the smart camera can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).


 

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/smart-cameras-market-1326


 

Regional Segmentation


 

The geographical analysis of Europe, North America, Asia Pacific, and RoW has been performed. As per the analysis, the APAC is likely to reign the global smart camera by acquiring the maximum market share in the region. The developing countries of APAC, such as Taiwan, China, Japan, and the Republic of Korea, are making a significant contribution to the market. It is accredited to a large number of suppliers of electronics components, manufacturers, and semiconductors are enhancing the market to expand significantly. Europe is likely to have a considerable growth of the smart camera market due to the increasing demand for security and surveillance in public places. The North American region is likely to expand due to the presence of developed nations like Canada and the U.S. It is likely to expand considerably during the review period.


 

Key Players

The most important players in the market for the smart camera are Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Bosch Security Systems, Inc. (Germany), Nikon Corporation (Japan), Canon Inc. (Japan), Flir Systems, Inc. (U.S.), Raptor Photonics Ltd. (U.K.), Panasonic Corporation (Japan), Olympus Corporation (Japan), Watec Cameras Inc. (Japan), and Polaroid Corporation (U.S.).

 

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.

 

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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.

Access Complete Report @ https://www.marketresearchfuture.com/reports/smart-city-market-2624

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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The global smart irrigation market is gaining momentum pervasively. The growing population indicates that the world is about to confront an intensified demand for food in the years to come. Simultaneously, rapidly depleting water resources due to the increasing impacts of climate change prompts the need for climate-resilient crops. All these factors cumulatively presage the acute need to deploy smart irrigation techniques.

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Smart irrigation is a viable solution for increasing the output of quality yield and reducing the vulnerability to climate change by curtailing water wastage. Technological advancements are promoting smart irrigation in agriculture, substituting rain-fed farming.  Therefore, the demand for smart irrigation is augmenting, elevating its market on the global platform.

Additional factors impacting the market growth include continual economic growth worldwide, enhancing consumer purchasing power and the quality of life. Substantial R&D investments are paying off well by bettering smart watering systems, hence the demand, sales, and eventually, the market size. Furthermore, the proliferation of IoT contributes to market growth, enhancing efficiencies of sensors used in the systems.

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On the flip side, high costs associated with the installation and maintenance of smart irrigation systems are a major factor impeding market growth.  Also, the lack of awareness among consumers towards the benefits of these systems restricts the market growth, especially in the underdeveloped regions. Nevertheless, increasing technological innovations would support the market growth throughout the assessment period, presenting cost-competitive solutions.

Smart Irrigation Market   - Segments

The report is segmented into components, verticals, applications, and regions. The components segment is sub-segmented into controllers, sensors, meters, and others. The sub-segment controller is bifurcated into wifi controllers, electric controllers, hybrid controllers, battery controllers, and others.

The sub-segment sensor is bifurcated into temperature sensors, soil moisture sensors, rain sensors, dendrometer sensors, freeze sensors, and others. The sub-segment meter is bifurcated into water flow meter, soil meter, fertilizer meter, and others. 

The application segment is sub-segmented into groundwater management, water resource management, soil management, and others. The vertical segment is sub-segmented into agricultural, non-agricultural, commercial, industrial, residential, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World. 

Smart Irrigation Market   - Regional Analysis

North America dominates the global smart irrigation market, Factors such as high disposable income and vast investments in agriculture projects positively impact the regional market growth. Investments in smart irrigation technology in the US and Canada are highly impressive. Also, the vast agricultural sector in the US is adopting smart irrigation systems at a rapid pace, substantiating the market demand in turn.

Europe holds the second significant share in the global smart irrigation market. The market is largely driven by regulatory laws implemented to increase crop yields.

Besides, green zone projects in countries like the UK and France increase the market demand significantly. Furthermore, favorable incentives policies to purchase smart watering solutions foster the growth of the regional market.

The Asia Pacific, too, holds a considerable share in the global smart irrigation market. Factors such as the vast areas of agricultural land, water scarcity, and demand for proper watering solutions boost the smart irrigation market size. Additionally, the improving economy of this region fosters market growth. India, China, and Japan are major smart irrigation markets in the region.

Smart Irrigation Market   - Competitive Analysis

The global Smart Irrigation market appears to be fiercely competitive and fragmented, with many well-established players having a global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the popular trends for the key players in the market.

Major Players

Players leading the global smart irrigation market include Rain Bird Corporation (US), Hunter Industries (US), The Toro Company (US), Galocn (Israel), Netafim (Israel), and Stevens Water Monitoring System (US), among others. 

Industry/ Innovation/ Related News 

Aug.16, 2020 – Viridix (Israel), a developer of data-driven precision irrigation systems, announced its partnership with Talgil (Israel), a manufacturer of professional irrigation controllers, to offer farms cutting-edge smart irrigation. The partnership would provide farmers with the ability to automate irrigation cycles by optimizing water needs for each crop, combining Viridix’s data-driven technology with Talgil’s irrigation control systems. 

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.

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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 

 

 

0 votes

Market Insights

Next-generation power semiconductors, as the name implies are the latest in technology for use as power semiconductors in electrical and electronic devices used across various industry verticals. Thier development is expected to provide highly efficient power semiconductors for use in different end-use industry verticals over the forecast period of 2017 to 2027, thus driving robust growth for this market.

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Market Research Future (MRFR) has performed a thorough analysis of the market to provide a report which reliably indicates present trends, future opportunities and threats that may affect market growth. The need for more efficient semiconductors to keep up with advancing technology in various end-use industries has driven high demand for next-generation power semiconductors. MRFR has predicted that the market will grow at a high CAGR and a rapid pace over the forecast period.

Many global market leaders have found themselves at the forefront of research and development of innovative products, thus driving growth and making the market highly competitive. The market is expected to value several billion by the end of 2027.

Market Segmentation

The global market has been segmented to provide a comprehensive view and understanding of the next-generation power semiconductors and their various components. Segmentation has been done by product material, device, application, and region.

By product material, the market has been segmented to include Gallium Nitride (GaN) and Silicon Carbide (SiC). Of these, GaN is expected to hold the largest share due to the growing preference for the material in semiconductors over SiC.

By device, the market has been segregated into diode, MOSFET/IPD, and IGBT/Power module.

By applications, the market has been segmented to include renewable energy, hybrid & electric vehicle, smart homes, LED lights and others.

By region, the global market has been divided into the North America, Europe, the Asia-Pacific (APAC) and the Rest of the World (Row)

Access Report @ https://www.marketresearchfuture.com/reports/next-generation-power-semiconductors-market-1079

Regional Analysis

North America, with its booming automotive industry and high demand and consumption of personal devices such as laptops, smartphones, and tablets, has captured the largest market share globally. There are several key players in this region who are actively developing new and efficient next-generation semiconductor technology which is expected to boost this market further.

Meanwhile, the Asia Pacific is projected to grow at the highest CAGR and a rapid pace due to the massive consumer population with rising disposable incomes in the region. The demand for personal devices from the consumers in this region are fuelling rapid and robust growth for the next-generation power semiconductor market, and due to this, the region is likely to take over North America's lead by the end of 2027. There is also a strong presence of technology giants in countries such as South Korea and Japan where ongoing R&D is expected to further market growth.

Key Players

The analysis of the competitive landscape of the global next-generation power semi conducters include prominent players such as NXP Semiconductors, Fuji Electric, Infineon Technologies, STMicroelectronics, Mitsubishi Motors, Toshiba, Semikron, Fairchild, Vishay Intertechnology, Renesas Electronics and others.

Latest Industry News

AGC has decided to invest in a Japanese company which is in the process of successfully developing gallium oxide wafers for use in next-generation power semiconductors with a plan to commercialize by 2020. Novel Crystal Technology is located in Saitama, Japan.

Samsung has disclosed it's process technology roadmap at the annual Samsung Foundry Forum in the U.S. The company has plans to mass produce gate-all-around (GAA) transistors at the 3nm node. They plan to release 5LPE, 4LPE/LPP, 7LPP and 3GAA/GAAP by 2021 with the development set to be completed by 2019. Samsung's 7LPP will be the first ever semiconductor process technology to utilize EUV lithography solution. 

 

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.

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