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Gigabit Ethernet or GigE cameras operate on the GigE vision interface standard which transmits images over gigabit Ethernet. The development expenses of these cameras are quite less, and they facilitate efficient video transmission with easy configuration options and fast transfer speed. Some of the major application areas of GigE camera include industrial, security and surveillance, machine vision, research and development, robots, night vision, electronics manufacturing, and factory automation. The convenient integration of the GigE camera interface in all principal image processing, long cable length, and high data transfer rates up to 100 MB/s have increased the adoption rate of these cameras among the end-user segments.

The report, global GigE camera market, is part of Technavio’s media & entertainment research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as consumer electronics, gaming, internet and e-commerce, media and entertainment services, and publishing and advertising. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an...

Reconfiguration instrument cluster is a part of the automotive interior design. It is a driver information system that provides visual information regarding the traffic, environment, and the surrounding vehicles. The system is integrated with a compatible OS and an advanced user interface solution. The attributes and functionalities are displayed with the help of photorealistic real-time 2-D and 3-D graphics. One can personalize the system by changing the settings according to his/her convenience. Some of the key vendors identified in this market space are Continental, Magneti Marelli, and Texas Instruments.

The report, global reconfigurable instrument cluster market, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries...

Smart security system deals with solutions that monitor and track behavioral patterns of people in those areas that are susceptible to unauthorized access or damage such as enterprises, commercial building, educational institutions, and utility infrastructures. Some of the advanced smart security solutions include biometric access control systems, IP surveillance cameras, wireless alarms, and integrated perimeter intrusion prevention systems. Through timely alerts, the deployment of smart security solutions helps end-user to be prepared for different threat,j such as thefts, terrorism, warships, accidents, and natural disasters. These intelligent security solutions not only offer security but also enhance the confidence of people residing in vulnerable areas for their safety.

The report, global smart security market, is part of Technavio’s ICT research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automatic identification system, cloud computing, data center, enterprise application, IT security, ITO and BPO, and product lifecycle management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing...

Outlook of the furniture manufacturing market in Bulgaria

According to Technavio’s market research analyst, the market for furniture manufacturing in Bulgaria will grow steadily and will be positively affected by changing consumer preferences. Over the past two years, it has been observed that the consumers of furniture in Bulgaria are purchasing low and medium-priced products as opposed to premium furniture products, which were in substantial demand before the global economic crisis of 2008. Manufacturers of such products are focusing on enhancing their production processes to increase productivity and lower costs, along with expanding their portfolios. This has opened up new growth opportunities for manufacturers of furniture operating in this price segment. A comprehensive market study carried out by the analysts at Technavio has shown that the market for furniture manufacturing in Bulgaria will grow at a CAGR of over 5% by 2020.

The augmented demand for wood-based panels is another factor spurring growth in this market. Wood-based panels are being extensively used as raw materials for the production of furniture in Bulgaria. Consequently, the demand for solid wood has decreased. The recent increase in the demand for wood-based panels from furniture manufacturers is also because of their low price, especially when compared to sawn wood. Since wood-based panels offer ease-of-assembly to furniture manufacturers, the manufacturing costs for vendors will also decrease.

Competitive landscape and key vendors

This market is marked by the presence of diverse international and regional manufacturers. However, as international players have established their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially on the basis of quality, technology, and pricing. The competitive environment in this market will likely...

Overview of the aluminum manufacturing market in Bulgaria

Market research analysts at Technavio have predicted that the aluminum manufacturing market in Bulgaria will witness steady growth at a CAGR of more than 1% over the forecast period. A rise in purchasing power and increased urbanization have led to an augmented demand for both indoor and outdoor furniture. Cast aluminum patio furniture is a type of outdoor furniture that has become increasingly popular in the last few years. These products are lightweight and inexpensive compared to wood, and more resistant to corrosion from iron or steel. Moreover, aluminum furniture is highly durable attractive, and require minimal maintenance, which is expected to fuel its demand over the next four years.

Aluminum is considered an ideal material for electronic components because of its light weight, structural strength, and corrosion-resistant properties. Besides, the global mobile manufacturers such as Apple and HTC, local manufacturers like Allview also use aluminum extensively in their products. The demand for electronic devices is expected to increase steadily during the forecast period due to a rise in consumer expenditure and purchasing power of the general population, which, in turn, will propel the growth prospects of the aluminum manufacturing market in Bulgaria.

Competitive landscape and key vendors

The aluminum manufacturing market in Bulgaria is characterized by the presence of diverse international and regional manufacturers. However, as international players have established their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially in terms of quality, technology, and pricing. The competitive environment is expected to intensify further with an increase in product/service extensions, technological innovations, and M&A. The market is highly...

Outlook of the electrical equipment market in Bulgaria

According to Technavio’s market research analysts, the electrical equipment market in Bulgaria will grow at a modest CAGR of over 1% during the forecast period of 2016 to 2020.The recent increase in the inflow of FDI in this region will lead to the slow but moderate growth of the market. Post the global economic crisis, the inflow of FDI in Bulgaria declined and growth remained negative. However, since 2012, investments were on the rise, particularly in sectors like metal processing, machine building, and electronics and electrical equipment. Moreover, as foreign investments in the manufacture of export-oriented electrical equipment are also on the rise, the market for electrical equipment in Bulgaria will experience steady growth over the next few years.

The vendor’s focus on niche segments will also aid in spurring this market’s growth prospects in Bulgaria over the next four years. The market for energy-efficient lighting systems, especially LED-based lighting systems, is in its nascent stage in Bulgaria. As a result, new vendors are foraying into the market as its potential for growth is very high. While most manufacturers offer conventional LED-based products for interior and exterior lighting in residential and non-residential end-user segments, an increasing number of manufacturers are focusing on applications like LED modules for speedometers, LED lighting systems for yachts and MRI, and LED-based modules for the food industry.

Competitive landscape and key vendors

This market is fragmented and is marked by the presence of over 300 manufacturers. Foreign manufacturers and a few indigenous manufacturers dominate the market. In this market, some low-cost manufacturers over economical products, particularly to residential end users. The quality of products is a key concern in the market, with the overall...

Outlook of the Romanian consumer electronics market

Technavio’s market research analyst has estimated that the Romanian consumer electronics market will grow at an impressive CAGR of almost 13% by 2020. The rising demand for flat-screen TVs in this region will lead to the strong growth of the consumer electronics market in this region. In this region, the television sets segment accounted for more than 29% of the Romanian consumer electronics market in 2015. However, this region has witnessed a shift in consumer preference from CRT-based television to flat screen TVs including LED, plasma, LCD, 3D, and smart TVs over the past decade. As a result, the sales of flat screen TVs have been growing at a rate of more than 11% over the past couple of years. The high demand for TVs has resulted in a decline in prices due to economies of scale, which has, in turn, made them more accessible to the consumers.

This market study also anticipates the sudden rise in the demand for wearables to impel market growth during the forecast period. Wearables include smartwatches and bracelets that monitor the wearer’s physical activity. In 2015, the market for wearables was less than 50,000 units, and it is expected to grow at an annual rate of 15% till 2020. A critical factor contributing to this growth is the Romanian populace’s increase in health consciousness. For instance, Romanian IT&C manufacturer, Evolio, launched a smartwatch named x-Watch, which can be connected to users’ smartphones to make calls or text. It can also be used to monitor physical activity.

Competitive landscape and key vendors

This market is characterized by the presence of both local and international manufacturers who focus on maximizing sales rather than profit margins. Though international players dominate the market, the local manufacturers will provide fierce competition to international manufacturers by...

Outlook of the automotive industry in Romania

According to this market study, the Romanian automotive industry will experience moderate growth during the forecast period and will be positively influenced by the low energy and labor costs. In the European region, there is an increased emphasis on meeting the emission limit set by the EU. To meet such standards, advanced technologies need to be installed in new automobiles, which is expected to increase manufacturing costs and negatively impact their sales. To lower this impact, automobile manufacturers have started to shift their manufacturing bases to developing countries such as Romania. As a result of such developments, this market research estimates that the automotive industry in Romania will grow at a CAGR of over 2% by 2020.

The recent increase in the adoption of electronic devices in automobiles will act as a major growth-promoting factor for this market. Due to intense competition between vendors, many manufacturers have started to differentiate their products by incorporating electronic gadgets and components in the automobiles produced by them. A shift in customer preference toward automobiles incorporated with advanced electronics is propelling the demand for devices such as infotainment systems, and active and passive safety systems.

Competitive landscape and key vendors

This market is characterized by the presence of diverse international and regional manufacturers. However, as international players have established their footprint in the market, regional manufacturers are finding it increasingly difficult to compete with them, especially on aspects such as quality, technology, and pricing. The competitive environment in this market will likely intensify further with an increase in product/service extensions, technological innovations, and M&A activities.

Key manufacturers in this market...

Outlook of the Romanian leather and allied products market

Technavio’s market research analysts have estimated that the market for leather and allied products in Romania will grow at an impressive CAGR of over 8% by 2020. Much of this market’s impressive growth can be attributed to the high demand from the automotive sector. Globally, it has been observed that the automotive industry is one of the major end-users of leather. Generally, leather is used in automotive interiors and upholstery and covers for steering wheels and other accessories. Investments from auto giants like Renault and Honda in Romania make the country a hub for the automotive industry in Central Europe.

Additionally, it has also been observed that the high demand for leather from the aviation industry is another factor leading to the strong growth of the leather and allied products market in this region. In the aviation industry, leather is used because of its high durability and ease of maintenance. The leather used in aircraft interiors should be lightweight and flame retardant. As a result, chrome-tanned leather, which is treated with flame retardants, accounts for a major share of the market. Due to the high demand for leather from this industry, manufacturers in the market have started to introduce chrome-free tanning systems with flame-resistant properties to cater to the changing needs of the end users.

Competitive landscape and key vendors

 This market is marked by the presence of diverse international and regional manufacturers. The competitive environment in this market will likely intensify with an increase in product or service extensions and technological innovations. In this market, the large multinational companies are expected to grow inorganically by acquiring regional or local players.

Top vendors in the market are -

  • Picard
  • Amalfi...

Overview of the plastic and rubber manufacturing market in Romania

Technavio’s market research analyst has estimated that the plastic and rubber manufacturing market in Romania will grow at a CAGR of almost 5% by 2020. The recent boom in the Romanian manufacturing sector will be a critical factor leading to the growth of this market. The manufacturing sector in Romania has been experiencing significant growth due to increasing investments in automotive, metal forming, oil and energy, paper, rubber and plastics, and other manufacturing firms in recent years. According to the UK’s National Statistics Institute, new orders in the industrial sector saw an increase of almost 6.8% in 2014. As a result, industries engaged in the manufacture of plastic and rubber products witnessed above-average profitability.

According to this market study, privatization of the plastic and rubber industry in this region will also help spur the prospects for market growth. Due to the extensive privatization of plastic and rubber manufacturing industries in this region, many industries have started adopting advanced manufacturing technologies, with a focus on energy efficiency and quality enhancement of products. Furthermore, the growing focus on manufacturing products with superior mechanical properties, such as spares manufactured from plastics, will also lead to the growth of this market.

Competitive landscape and key vendors

This market is competitive and is highly fragmented with the presence of a large number of small and medium-sized companies. The level of competition in this market is likely to intensify owing to the increase in product/service extensions, technological innovations, and M&A activities. In this market, the international players are expected to grow inorganically by acquiring regional and local players.

Key vendors analyzed in this industry research...