Testing, Inspection and Certification Market Analysis, Growth, Trend, and Forecast, 2024

Testing, Inspection and Certification (TIC) Market size is anticipated to grow at a steady rate over the years owing to the rising awareness about the quality of products among the consumers. The growing consumption of high-quality products in emerging economies further contributes to the industry demand. Increasing demand for various certification services due to the substantial rise in the production of counterfeit products worldwide is a major factor driving the TIC market growth.

Stringent rules and specified standards adhering to international standards are imposed on import-export materials by the government & international standardization institutions. It is expected to provide impetus to the rising demand for various certification services. Awareness among companies about the fact that certifications enhance the marketability and validate the compliance of their products is fueling the TIC market growth. In India, food products, which contain additives or ingredients that do not adhere to the given standards in the Food Safety and Standards Act and Regulations require an approval from FSSAI.

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Due to the huge number of applications pending for the product approval, the FSSAI has replaced the traditional manual system with a new online system, the Food Product Approval System (FPAS).In the recent years, rising standards owing to the environment and human safety are becoming compulsory for certain category of products, driving the demand for such services. Due to the increasing regulations and standards, companies can no longer build in-house inspection and testing capabilities, which are projected to increase the number of third-party service providers. To reduce the cost-related to testing services, industry players operating in various domains are increasingly outsourcing services, contributing to the TIC market growth.

The divergence in regulations and standards across different geographies is an important factor restraining the TIC market growth. Furthermore, the lack of globally-accepted standards is anticipated to hamper the industry demand. The presence of different standards & regulations in countries across various regions is compelling the manufacturers to restrict their import & export activities, which might have a negative impact on the TIC market.

The TIC market is segmented based on service type, sourcing type, and application. By service type, the market is classified into testing services, inspection services, and others, which include training, consulting, auditing, project management, and asset integrity management services. Rising instances of product recall owing to the surge in use of sub-standard materials and faulty components are driving the growth of testing service segment.

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By the sourcing type, the TIC market has been further classified into in-house and outsourced. Globalization has resulted in the rise in trade between emerging countries, leading more manufacturers to rely on such services. Outsourcing services are expected to witness growth over the forecast timeline. It can be credited to the growth in the utilization of such services pertaining to the increased testing costs.By application type, the TIC market is categorized as consumer goods and retail, transportation, chemicals, agriculture & food, construction & infrastructure, mining, oil & gas, energy & power, industrial & manufacturing, and supply chain & logistics.

The transportation segment is anticipated to witness a significant growth over the forecast timespan. This growth can be attributed to the rising production of vehicles followed by the increasing demand for passenger safety. However, the use of preservatives in packaged food products is on a rise compelling the demand for stringent regulations in product manufacturing, driving the agriculture & food segment growth.

Asia Pacific TIC market is expected to witness a considerable growth over the forecast timespan. Growing number of manufacturing facilities in India and China is aiding the growth of the market in the region. Improved standard of living has led to the demand for better-quality products that require strict testing and certification rules to be followed, driving the regional growth. Moreover, rapid industrialization in Latin America leading to an increase in the number of imports and exports is projected to propel the TIC market in the region.

Major players in the TIC market include Eurofins Scientific, TUV Rheinland, TUV Nord, Avomeen Analytical Services, SGS, Bureau Veritas, Intertek, Eurofins Scientific and Element Materials Technology Medistri, Mistras, Dekra, DNV GL, TUV SUD, Lloyd’s Register, Applus, and ALS. The players operating in the industry are increasingly focusing on enhancing the service portfolio, expanding to the potential region. For instance, in 2017, Bureau Veritas announced the acquisition of ICTK Co., Ltd. aimed at expanding its testing services business in South Korea. 

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Smart Luggage Industry to surpass $2bn by 2024

Luggage is no longer just a carton to stuff personal possessions. With technology playing a crucial role, it has become a statement of fashion, personal taste, and style. The growth of smart luggage market can be majorly credited to this fundamental shift in perspective. With the growing demand for diversified high-end luggage, many trendy products equipped with smart features have sprung up in recent years. One of the very latest breakthrough technologies that has taken the industry by storm is Travelmate suitcase.  This fully automated robotic companion, is claimed to be the first of its kind that completely lives up to name. Equipped with an instinctive smartphone app, Travelmate utilizes a whisper quiet motorized system that can match with the speed of the traveler and can navigate to any direction even in large crowds, both horizontally as well as in vertical angle. Also, the fact that these suitcases are TSA approved and are integrated with GPS chips make their safety quotient high, as the travelers could track the luggage 24/7 on the go.


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The extensive proliferation of Iot has practically revolutionized almost every business sphere, smart luggage market probably being the next to gain remarkable proceeds by these technological advancements. The testimony of the fact is the sizable share of USD 630 million having recorded by the smart luggage industry in 2016. Over the past few years, sustainable and smart knowhows have provided a significant impetus to global technology marketplace, and the growth chart asserts a linear adoption curve for smart devices in the coming years. As far as smart luggage market is concerned, increased frequency of international travel has positively influenced the industry penetration across major economies. For instance, almost 120 million Chinese travelled overseas, in the year 2016. This huge figure, as depicted by experts, has not only helped China to become world’s largest outbound travel industry, but also has expanded business opportunities for smart luggage market giants.

Speaking along the similar lines, smart luggage industry share from real time tracking application is forecast to experience remarkable growth over the coming years, subject to the growing occurrences of luggage misplacement in the airlines. The companion application which can be seamlessly integrated with Ios and android is expected to gain a global attention, owing to its smart features like information updates with regards to flight schedules, locking and tracking etc. Growing consumer concerns over security breaches and theft of luggage is the prime factor that has enhanced smart luggage industry outlook and is expected to remain major focal point for the smart luggage makers.

Smart luggage industry, despite being far away from the intended destination is gearing up rapidly on a global scale. Tech giants are diversifying their product portfolio to grab maximum opportunities of the thriving business space. The recent launch of X-series of iFLY Luggage by Calego International Inc., which is reported to be a unique amalgamation of optimum quality, functionality, and elegance, has claimed to redefine luggage for smart business travelers. Some of the other leading names in smart luggage industry include Delsey, Samsonite, Bluesmart, Away, Trunkster, Reden, Lugloc and Barracuda.

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Speaking about the geographical aspect, Asia Pacific is expected to mark a strong foothold in the smart luggage industry. The substantial macro-economic development of APAC countries such as China, Japan, India coupled with the escalating urban population base has significantly driven the regional smart luggage market share. With a large tourist footfall in regions like Malaysia and Singapore, APAC smart luggage market size is sure to widen its horizon in the coming years.  With regards to the technological proliferations, North America has always been at the forefront. In addition to this, the region is home for various renowned market giants, a factor that has made the region one of the profound growth avenues for smart luggage market. As per the estimates, North America is projected to procure a major chunk of the overall smart luggage market share over the coming seven years.

The industry is characterized by a fiercely competitive landscape with leading companies consistently investing in product innovations and developments. In this regard, Bluesmart’s contribution in changing smart luggage industry trends is worth noticing. The new ‘series 2’ line of smart luggage is reported to be absolutely slick in design equipped with remote locks and GPS navigation. With the increasing appetite for technology in product design, the commercialization matrix of smart luggage industry is sure to escalate in the coming years.  Global market Insights Inc., estimates the overall industry share to exceed USD 2 billion by 2024.

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Hall-Effect Current Sensor Market Applications, Segmentations & Forecast by 2024

Hall-Effect Current Sensor Market size is anticipated to grow steadily over the forecast timeline. The growing demand can be attributed to the advantages offered such as extremely low power consumption and the property of these devices to reduce the current consumption from milliamps to microamps. The ongoing technological developments are the major factors fueling the hall-effect current sensor market. For instance, in September 2017, Silicon Labs unveiled the Si72xx products, which enhance the sensitivity and power efficiency and are designed to resist harsh industrial environments.

Increasing demand for fully integrated and programmable sensors is anticipated to drive the hall-effect current sensor market growth. Owing to their applications in current sensing, speed detection, positioning, and proximity switching, they play a key role in several industries. Galvanic isolation-based devices are used for both DC and AC measurements and feature zero-voltage loss. These benefits play a significant role in driving the hall-effect current sensor market.

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Various expansion strategies, such as product developments, business expansions, and collaborations undertaken by major industry players, are expected to propel the industry growth over the forecast time span. For instance, SEC Electronics, Inc. announced a new hall-effect current sensor, specifically for industrial and automotive sectors, in 5 V supply applications. However, growing research and development activities in the industry and its usage in the automotive sector, such as hybrid electric vehicles, provide significant opportunities to the hall-effect current sensor market.

The high manufacturing cost of these sensors is expected to hinder the hall-effect current sensor market growth. Factors such as lower measuring and detection accuracy as compared to that of fluxgate magnetometers or magneto-resistance based devices are the other challenges that pose threat to the industry demand.

The hall-effect current sensor market is segmented into open-loop and closed loop. The closed-loop devices are projected to grow at a high rate owing to their applications in critical industries such as aerospace, defense, automotive, and medical. Features such as higher accuracy and faster response time have led to an increase in the adoption. Open loop systems are prone to temperature drift & saturation and are less immune to electrical noise as compared to closed-loop sensors.

By end-use, the hall-effect current sensor market is classified as automotive, industrial automation, consumer electronics, medical, utilities, aerospace & defense, telecommunication, and railways. Due to various applications of the devices in the automotive industry, such as current measurement for overcurrent protection, control of motor drives, battery management, and converter control, they are significant in the automotive industry. Increasing number of automotive industries in emerging economies, such as China and India, contribute to the hall-effect sensor market growth. The rising demand for eco-friendly hybrid vehicles in the automotive sector also contributes towards the growth. Moreover, they are utilized in consumer electronics applications, such as in digital cameras, household appliances, and electronic instruments.

The hall-effect current sensor market is classified into CMOS and BiCMOS technology. The BiCMOS technology reduces the density of the integrated circuit and enhances the operations by improving the speed. It also features low input density, high current drive per unit, and high-power dissipation as compared to CMOS. It led to an increased demand for BiCMOS technology based products in various industries such as automotive and consumer electronics.

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The Asia Pacific hall-effect current sensor market is projected to dominate the industry over the forecast timespan. This growth can be attributed to the increasing need for power management in growing economies including Japan, South Korea, India, and China. The expanding cloud connectivity systems have led to the increasing adoption of Industrial Internet of Things (IIoT) based devices in this region. The rise in the number of consumer electronics and automotive industries in Asia Pacific is propelling the industry growth.

Companies operating in the hall-effect current sensor market are American Aerospace Controls, ABB Ltd., Magnesensor Technology, Sanken Electric Company Ltd., Honeywell International, Inc., Vacuumschmelze GmbH & Co., KG, Pulse Electronics Corporation, Infineon Technologies AG, Kohshin Electric Corporation, Asahi Kasei Microdevices Corporation, HARTING Technology Group, Melexis NV, and Electrohms Private Limited. The growing competition among these players to introduce new products with advanced technologies is providing impetus to the hall-effect current sensor market.

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Critical Communication Market Share, Applications, Segmentations & Forecast by 2024

Critical Communication Market size is projected to grow at a high rate in the coming years owing to the rising safety concerns in manufacturing industries. High bandwidth is required to support users for mission critical applications such as utilities, public safety, mining, and transportation owing to the growing data traffic. Rising security threats, demand for a more efficient system, and cross-agency coordination are transforming public safety communications network, a government priority.

Increasing need for the adoption of modern technologies and the replacement of the existing outdated equipment with new advanced equipment are creating growth opportunities for the critical communication market. For instance, in July 2017, Nokia announced that it will be supplying mission-critical communication network to the county of Fresno, California, with an aim to modernize the network and improve public safety. The implementation of I- based communications makes connectivity establishment among agencies easier. For instance, connectivity between a natural calamity center and a city’s emergency center can be set-up using inter-domain IP routing through a national IP network. Considering these advantages, end users are more inclined to use digital systems as compared to the traditional analog systems, driving critical communication market.

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Cost-effective digital systems have enabled easy access of digital technologies to price-sensitive users in emerging economies. These technologies include Digital Mobile Radio (DMR), professional digital trunking, and digital private mobile radio. This shift from analog to digital is an important factor driving the critical communication market growth since the infrastructure and the terminals of the regional network transitioning to digital are required to be replaced. China is investing in the development of support of the infrastructure with an aim to deliver broadband services at speeds of 12 Mbps for rural areas and 50 Mbps for the urban sector. Similarly, the Singapore Government supported the association named OpenNet to operate and build the infrastructure.

The presence of multiple communication standards, such as P25, 3G, 2G, 4G LTE, DMR, and LMR, requires hardware, which increases the complexity and the cost of the system. This is a key factor hampering the growth of a critical communication market. In various handheld devices, the use of hardware increases the weight and the size of the device. This makes the device inconvenient for use and limits movement in critical scenarios such as battlefields. Limited spectrum bandwidth is also a major factor hindering the industry growth over the forecast timespan.

The critical communication market is segmented into Land Mobile Radios (LMRs) and Long-Term Evolution (LTE) based on technology. LTE network features cannot be accessed by the existing mobile phones unless the phone supports LTE functionality, making the LTE service expensive. Moreover, the new installation of antennas and equipment are required to make LTE network operational, increasing the overall cost of the system, thereby making LMRs a preferred choice among end users.

LMRs in the critical communication market is further classified as terrestrial trunked radios (TETRAs) and analog with TETRA having a high growth as it is robust, reliable, cost-effective, secure and has the potential to deliver mission critical data. Sepura deploys TETRA-LTE solutions for customers with large data requirements to provide real-time video transmission between stations and trains in Bilbao Metro in Spain. The diverse applications of LMRs in public safety, military, and emergency services, such as police and fire services, are factors contributing to its high growth in the technology segment of the critical communication market over the forecast timespan.

By end users, the critical communication market is segmented into mining, transportation, utilities, and public safety. The transportation sector is anticipated to grow at a significantly over the future owing to the increasing security needs at high-risk transit location such as airports and metro stations, primarily in progressing economies such as China and India. Digital networks offer various advantages over the traditional analog networks. The rising need for enhanced security services for public safety is triggering the industry growth for the public safety vertical. Hence, the rising need for transforming analog networks to digital is boosting the critical communication market for the transportation vertical.

By offering, the critical communication market segmented into hardware and services. The services sub-segment includes maintenance, consulting, integration, and other services such as training & education. Rising number of deployment of these networks is boosting the demand for maintenance services. Hardware is projected to hold a large share of the market owing to the growing demand for the existing as well as the newly deployed critical communication market networks in Europe and North America. Hardware, such as command & control, handheld devices, and infrastructure equipment, forms the base of critical communication networks. The use of critical communication systems by first responders, such as police and ambulances, makes hardware an integral part of the network.

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Critical communication market in Asia Pacific is projected to hold the largest share over the forecast time span owing to the regional economic growth in the recent years. The rise in the number of terrorist attacks, such as Bhopal-Ujjain passenger train bombing in 2017, in India has led to an increase in demand for public safety devices and systems. Smart city projects in Asia Pacific, such as Land use and environmental management project in New Zealand, the Transportation project in Taiwan, and Administration project in Singapore, are boosting the critical communication market growth in the region.

Government and other organizations are investing heavily in the critical communication market to combat terrorist attacks and natural calamities. Many progressing countries, such as China, are investing heavily in this sector. On an average, China adds 450 subway stations every year to enhance its network. The presence of companies, such as Hytera, ZTE, and Telstra in Asia Pacific, is projected to aid the industry growth. The rise in research and development activities in the oil & gas industry in North America is propelling the industry growth in the region.

Major players in the critical communication market include Leonardo, Hytera, AT&T, Ascom, Zenitel, Telstra, Nokia, Harris, Huawei, Ericson, Motorola, Mentura Group, Inmarsat, and Cobham Wireless. Rising competition among major players to bring new technologies in the critical communication market is projected to help the industry growth. In May 2017, Harris Corporation announced that it will be supplying critical communication solutions for major electric utilities in the U.S. for providing security and reliability for over 10,000 users. 

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Internet of Things in Manufacturing Industry to reach $150bn by 2024

The scope for IoT in manufacturing market has been on a tremendous high lately, owing to the massive deployment of IoT devices in numerous manufacturing operations for enhancing industrial productivity and working efficiency. The ongoing developments across numerous industry verticals stand testimony to the aforementioned fact. Recently, the Japan based conglomerate Hitachi, and the automotive giant Toyota inked a partnership to develop a high-efficiency production model using an IoT platform. The partnership intends to exploit Hitachi’s Lumada technology and artificial intelligence across all the manufacturing operations.Incorporating big data with AI has been touted to improve the quality and production efficiency of manufacturing companies, pertaining to the capability of IoT devices to provide real time information and feedback. In recent years, the advent of advanced digitalization and the prevalence of diversified customer requirements have changed the mindset of manufacturers toward the adoption of advanced technologies. In a bid to fulfill the growing demand for consumer products, manufacturers have been attempting to upgrade their production efficiency several notches higher, through automation and the internet of things, which would have a favorable impact on IoT in manufacturing industry share. Statistics, as a matter of fact, claim that in 2016, worldwide IoT in manufacturing market collected a revenue of USD 20 billion.

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With an aim to comply with the critical advancements in the technology cosmos, IoT in manufacturing industry players have been developing novel products incorporated with IoT sensors for various sectors such as the automotive, consumer goods, chemical, and electronics. Acknowledging the numerous benefits of the Internet of things, several key players in IoT in manufacturing market have been attempting to brainstorm products that would have an appreciable influence on the overall business landscape in the ensuing years. Some of the renowned firms striving to augment the profitability landscape of IoT in manufacturing industry are Microsoft Corporation, Zebra Technologies, Rockwell Automation, PTC Inc., IBM Corporation, Huawei Technologies, Bosch, Siemens AG, Intel Corporation, Schneider Electric, and Cisco Systems.

Currently, many manufacturers have already deployed IoT systems in their workflow to increase their functionality via predictive maintenance, track assets in their factories, and combine their control rooms. The shifting focus of manufacturing behemoths toward the deployment of more advanced technologies such as augmented reality (AR) and robotics is slated to fuel IoT in manufacturing industry size. The digital transformation in the manufacturing sector has been forecast to generate new opportunities for various end-use industries such as automotive, electronics, consumer goods, etc., subject to the intensive networking customers through IoT.

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In the United States, growing consciousness regarding the benefits of IoT among manufacturers has generated considerable demand for IoT solutions. With the adoption of internet-connected devices, manufacturers across U.S. have been rather successful in increasing their output by cutting the overall production cost drastically, pertaining to the capability of IoT solutions to analyze complex manufacturing processes within a shorter duration. An IoT implemented manufacturing process essentially allows companies to maintain a high level of connectivity in manufacturing operations by minimizing the error and operational time, which will stimulate IoT in manufacturing market size.

Considering the benefits of IoT, many manufacturing giants have been collaborating with internet companies, as is witnessed across IoT in manufacturing market in recent times. For instance, National Instruments Alliance partner Averna has announced a partnership with PTC to expand its reach from testing to manufacturing via IoT. Many other companies have also been increasingly adopting connectivity technologies such as WiFi, M2M, and industrial networks to link plant automation assets such as RFID and robots to end user applications like PLM, ERP, and MES for more precision, which would undeniably have a major impact on IoT in manufacturing market share. This is quite evident from the estimates – IoT in manufacturing industry size has been forecast to cross a valuation of close to USD 150 billion by 2024.

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Mixed Reality Headsets Industry to cross $35bn by 2024

The mixed reality headsets market is expected to grow at a significant rate, owing to growing usage in employee training across several end-use industries including retail, automobile, aerospace & defense, and industrial manufacturing. The devices enable the trainees to learn and experience with the interactive objects within their present environment. For instance, the 200 training centers of the retail giant, Walmart are planning to incorporate the virtual reality platform by the end of 2017 to train employees. The employees will Oculus Rift headsets to train on different real-world scenarios.

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Rising need of retailers to inspire their customers through AR/VR video marketing is expected to propel the mixed reality headsets market growth. 2D videos cannot offer high degree of customer engagement, which AR/VR can, thus enabling the companies to attract the target group of customers. For instance, the Oreo Wonder Vault VR campaign takes users through the facility where its cookie flavors are conceived. According to YuMe, a video advertising company, emotional attachment to a brand increased by 27% in a VR experience. Also, the customer engagement duration is far higher for VR content, which will propel the mixed reality headsets market growth significantly.

High product costs are expected to restrict the commercial adoption of these devices, thus impacting the mixed reality headsets market growth. Increasing technological advancements and innovations in the products are compelling the manufacturers to sell the products at premium prices making them much less affordable for customers across several industries and consumers in the gaming sector. However, with the increasing number of players entering the mixed reality headsets market and rising commercialization of AR and VR devices, the prices are expected to witness gradual decline making them affordable, thereby increasing the adoption rate.

AR devices are expected to grow at the highest growth rate in the mixed reality headsets market, due to its ability to overlay information on reality. These devices are gaining popularity due to applications across healthcare, automotive, and industrial sectors. Smart glasses will witness high adoption owing to the low costs and high degree of convenience offered, as compared to HMDs. The usage of these devices in day-to-day applications is increasing gradually, with the growing need to get the right information when required, thereby driving the mixed reality headsets market growth.

Travel & tourism is one of the growing sectors in the mixed reality headsets market. The companies in the sector are attracting the potential travelers to visit the destination in VR. For instance, in 2015, Marriott used VR experience to teleport travelers to a top skyscraper in London or to one of the beaches in Hawaii. The hotel chain is also testing its VRoomService, in which the guests will be able to use GearVR to view postcards from places including Rwanda, Chile, and Beijing. Moreover, these devices are being progressively used in the industrial manufacturing processes, owing to the growing need to increase performance efficiency and reduce costs in the long run. With the advent of Industry 4.0 and smart manufacturing, the adoption of mixed reality headsets market is projected to grow rapidly.

The China mixed reality headsets market is anticipated to witness significant growth during the forecast timeframe, owing to the presence of large number of players in the region. Development of low-cost products, due to the presence of several material suppliers and cost-effective labor is expected bode well for the mixed reality headsets market growth in China.

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The Germany mixed reality headsets market will witness increased demand, owing to increasing implementation in the automotive industry. Moreover, the technology is being used in applications such as marketing, training, and design development in automobiles. For instance, the BMW service engineers use AR HMDs to see the instructions and tools to be used.

Some of the prominent players in the mixed reality headsets market comprise Facebook/Oculus, Microsoft, HTC, Sony Corporation, Samsung Electronics, Lenovo, GlassUP S.r.l, Optinvent, Solos, Vuzix Corporation, and Seiko Epson Corporation. Small players are continuously entering the mixed reality headsets market due to its attractiveness and huge market potential. These companies in the market need to invest increasingly in R&D and new product development to gain competitive edge. For instance, Optinvent has created and patented its Clear-Vu technology, that enables see-through near the eye.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Data Converter Market Analysis Report Trends, and Forecast, 2017-2024

Data Converter Market size is anticipated to grow substantially over the forecast time span owing to the rising demand for high-resolution images in healthcare applications, growing demand for test and measurement solutions, and the rising adoption of innovative data acquisition systems. These systems are being majorly used in industrial, automotive, medical imaging, and telecom applications. The adoption of IoT, penetration of connected devices, and the growing digitization in the industrial sectors will globally provide an impetus for the data converter market.

The penetration of these products in the aerospace & defense sector is gaining momentum. These converters are used in several applications, which range from electronic warfare systems, communication systems, defense vehicles, and weapons to condition and convert digital signal to analog signal and vice versa. The implementation of these converters helps in improving the process control capabilities, data processing, and transmission of signals.

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The substantial growth of data converter market can also be attributed to the high demand and integration of smart devices such as tablets and smartphones. These devices are implementing these converters for video calling, network signal processing, touch sensitivity, call signal, and image processing uses. Leading companies, such as Apple, Inc., LG Corporation, Nokia Corporation, Samsung Electronics, Co., Ltd., and Sony Corporation, are using these converters in their Test & Measurement (T&M) applications.

An enhanced demand for high-speed data converter market will be witnessed in the coming years owing to the ongoing developments in the wireless communication networks such as the 5G technology. To develop innovative high-performance communication applications, several network infrastructure manufacturers are investing in high-speed solutions, which have enhanced the demand for the converters. The rise in the network penetration in several regions and the high rate of 4G compatibility in smart devices will fuel the data converter market.

A key factor hampering the data converter market growth is the restrictions on latency. Advanced solutions perform computing at high precision and speed and it is difficult to implement the System on Chips (SOC) owing to the technical limitations in the manufacturing processes. The final circuit of the system will always have the latency in comparison to the theoretical design and will hamper the performance. Moreover, the manufacturing sector is not using these SOCs owing to the lack of knowledge about the placement of converter in smart devices.

The data converter market is segmented by type and end-use industry. The industry is classified into Analog to Digital Converter (ADC) and Digital to Analog Converter (DAC). The ADC converter helps in converting audio signals from audio equipment and makes them perceptible for the listeners while the DAC converts digital signals into analog signals. DAC is mainly implemented in audio output equipment such as speakers. To meet the rising demand for data consumption, and high-speed internet, the converters are being used in several products such as multiplexers, base stations, microwave radios, servers, routers, and switches.

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Based on the end-use industry, the data converter market is classified into test & measurement (T&M), healthcare, industrial, consumer electronics, telecom, and automotive sectors. The telecom sector is witnessing an increase in investments to meet the rising demand for growing data consumption and high-speed internet from enterprises and consumers. Data center operators and telecom service providers are investing a high capital in setting up data centers and network infrastructure respectively as converters are the vital components of the manufactured products, propelling the data converter market growth.

The Asia Pacific data converter market is anticipated to witness a substantial growth during the forecast timeline. Countries, such as China, Japan, Taiwan, and South Korea, will contribute majorly to the growth as it is a key manufacturing hub for smart devices, omputers, and laptops. In addition, the presence of several semiconductor companies in the region has stimulated the data converter market growth. In the last few years, China and India have witnessed a rise in demand for these advanced products owing to the growth in 3G/4G subscriptions.

Companies operating in the data converter market are Analog Devices, Inc., Asahi Kasei Microdevices Corporation, Avia Semiconductor (Xiamen) Co., Ltd., Cirrus Logic, Inc., Datel, Faraday Technology Corporation, Honeywell International, Inc., Intersil, IQ-Analog Corporation, Maxim Integrated, MaxLinear, Micro Analog, Inc., Microchip Technology, Inc., Microsemi Corporation, National Instruments Corporation, NXP Semiconductors N.V., Nuvoton Technology Corporation, Nisshinbo Holdings, Inc., On Semiconductor, ROHM Semiconductor, Silicon Laboratories, Inc., STMicroelectronics, and Texas Instruments, Inc. Companies are increasingly focusing on innovative strategies such as agreements, collaborations, mergers and acquisitions, and product developments and promotions to expand their regional presence and improve the product offerings.

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Overhead Conductor Market by Top Application High Tension, Extra High Tension, Ultra High Tension

Overhead Conductor Market will exceed USD 29 billion by 2024, as reported in the latest study.

Overhead Conductor Market size is estimated to surpass Higher Billions Profit by Market Size Forecasters. Dispatch Consoles Market by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. The report presents a deep study of the market growth factors and drivers.

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Overhead Conductor Market, By Voltage

132 kV to 220 kV

221 kV to 660 kV

> 660 kV

 Overhead Conductor Market, By Rated Strength

High Strength {10 kN to 75 kN}

Extra High Strength {76 kN to 150 kN}

Ultra High Strength {> 150 kN} 

 Overhead Conductor Market, By Current

HVAC

HVDC

Overhead Conductor Market, By Application

High Tension

Extra High Tension

Ultra High Tension

Future Scope:

Inadequate electrical supply due to the lack of an effective grid network fuel the expansion & enhancement of transmission networks which in turn will augment the overhead conductor market growth. Furthermore, grid integration of renewable technologies coupled with the ongoing expansion of cross-border transmission networks will further complement the industry outlook.

221 kV to 660 kV in 2016, dominated the overhead conductor market share owing to large-scale demand for electricity from industrial establishments. In addition, ongoing expansion of extra high-tension transmission networks across mining and Oil & Gas processes will positively influence the business growth. Stringent energy efficiency protocol favored by advancing conductor composition technologies will further thrust the business outlook.

Rapid industrial expansion coupled with ongoing urbanization across developing economies of Asia Pacific & Africa have instituted a favorable business layout. Industry participants across the sub-continents on account of favorable investment and regulatory prospects have witnessed the fabrication of a competitive industrial platform. In addition, proliferating economic zones will escalate regional energy consumption, which in turn will positively impact the overhead conductor market scenario.

Notable players across the overhead conductor market include ZTT, Prysmian, Sumitomo, APAR, LAMIFIL, Neccon, Nexans, CTC, General Cable, 3M, Taihan, Midal, Alfanar, Sterlite, Coreal, Versalec, Gulf Cable, KEI, LS Cable, Jeddah, SWCC, Oman Cables, Elsewedy, Bekaert, and others.

 Overhead Conductor Market, By Product

Conventional

ACSR

AAAC

ACAR

AACSR

AAC

High Temperature

TAl

ZTAl

ACFR

ACCR

ACCC

CRAC

Gap Conductors

Others 

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The U.S. overhead conductor market is set to reach over 400 ‘000 ckt km by 2024. Favorable reforms toward the refurbishment and retrofitting of existing grid infrastructure coupled with rapid integration of advance electric transmission components will augment the industry growth. In addition, increasing energy demand coupled with rising infrastructural spending across the nation will further complement the business landscape.

High temperature overhead conductor market is anticipated to exceed USD 10 Billion by 2024. The penetration of high-temperature conductors over the years has accelerated subject to the high-temperature bearing capacity and the ability to retain conductance when compared to the existing conventional technologies. Lower sag, low expansion coefficient, and reduced knee-point temperature are the few parameters which will positively impact the product penetration.

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Global 3D Concrete Printing Market Research Report 2018

This report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate 3D Concrete Printing in these regions, from 2017 to 2022

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Cloud Natural Language Processing Industry to surpass $6bn by 2024

Exponential growth of the digital data is one of the major factors that is driving the growth of the cloud natural language processing market. Data/information has emerged as one of the most important assets of the organizations. Companies are collecting, analyzing, and reporting vast volume of data for extracting meaningful insights to get competitive edge. Growing adoption of the big data technologies such as Hadoop and IoT among organizations along with popularity of cloud deployment is one of the major factors that are fueling the growth of the digital data. Digital data is estimated to grow at a rate of 40% for next 10 years and by the year 2020 data generation is expected to reach 44 zettabytes per year. As the data increases, it leads to the requirement of an effective analytics solution to process the information, therefore, driving the cloud NLP market growth.

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Healthcare applications are estimated to exhibit higher growth rate than other industry verticals. Healthcare organizations are widely adopting NLP solutions for analyzing clinical transcriptions, managing medical notes, and documentation purposes. Furthermore, these solutions also assist in reducing medication errors and adverse drug events by managing Health Information Management (HIM) systems. In addition, implementation of ICD-10 regulation and adoption of auto-coding technology in healthcare is further estimated to fuel the demand in the healthcare sector.

Media & advertisement and the retail sector is also one of the major end-users of the cloud NLP market solutions. They are leveraging NLP capabilities along with social media analytics modules and CRM solutions for lead generation and brand recognition. Furthermore, increasing interest of the market players towards these industry verticals is also backing the growth of the market. For instance, IBM, HP, SAS and EasyAsk are providing NLP tools such as sentiment analysis and text analysis to these industry sectors.

Asia Pacific is estimated to be the fastest growing region in the global cloud natural language processing market owing to the increasing adoption of the smart devices. Moreover, increasing investment in AI by Chinese players such as Baidu and Alibaba are also contributing significantly towards the revenue growth.

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Some of the vendors offering NLP solutions are Google, Microsoft, IBM, HP, AWS, Baidu, Dolbey Systems, Facebook, Netbase Solutions, Fuji Xerox, Lexalytics, SAS, and Verint Systems. Vendors are trying to capture the market with customized product portfolio, that will help them in gaining more market share. Also, they are collaborating with cloud providers to offer products and services especially, to SMEs. The market is quite attractive as majority of the players are ready to invest in technologies such as AI, deep learning, and machine learning.

Browse key industry insights spread across 230 pages with 348 market data tables & 42 figures & charts from the report, “Cloud Natural Language Processing (NLP) Market” in detail along with the table of contents:

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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