Overview of the global timing controllers market
Market research analysts at Technavio predict that the global timing controllers market will grow steadily during the next four years and post an impressive revenue of more than USD 7 billion by 2021. This market research analysis identifies the increasing unit shipment of smartphones as one of the primary growth factors for this market. It has been observed that the during 2016, there was a significant demand for timing controllers for smartphones. In the coming years, the demand for smartphones will increase considerably especially from the countries such as China, India, Brazil, and South Africa. 2016 witnessed a shipment of more than a million smartphones and according to our analysts, there will be a substantial increase in smartphone shipments in the coming years. With smartphone manufacturers increasing production to meet the growing demand, this increase in the demand for smartphones will subsequently fuel the growth of the timing controllers market.
The coming years will witness an increase in the demand for slimmer and lighter devices which will induce manufacturers to develop thinner and flatter displays. The availability of slim TFT-LCDs for making thin LCD glass substrates will rise the demand for TFT LCD displays since they are eco-friendly and cost-efficient. Few display manufacturers such as Samsung are also adoption new technologies such as quantum dots which will not only enable the production of thinner LCD displays but also increase their resolution and performance. Such advancements result in the need for customized timing controllers or Tcons, in turn, boosting market growth.
Competitive landscape and key vendors
The market is characterized by
Overview of the global signal jammer market
Market research analysts at Technavio predict that the global signal jammer market will grow steadily during the next four years and post a CAGR of almost 5% by 2021. This market research analysis identifies the increased usage of unmanned aerial vehicles (UAVs) in restricted areas as one of the primary growth factors for the signal scrambler market. With the growth of the consumer electronics market and the commercial applications of defense technologies, UAVs or drones used only by the military sector are now readily available for commercial applications as well. This poses a serious threat to government agencies, military, and civilians. This will increase investments towards the development and adoption of advanced signal jammers by government agencies across the world, in turn, driving the growth of the signal jammer market. The Battelle Memorial Institute has already developed signal jammers that are specially designed for UAVs and are currently used by the US for training programs.
With the increased popularity of the Internet, several businesses across the globe have developed their business models based on global positioning system (GPS)-based applications. From navigating traffic to placing and tracking orders online, GPS helps businesses increase their revenue shares. This will again increase the adoption of network jammers since government authorities and other private businesses are realizing the need to protect the location of confidential documents and machines.
Competitive landscape and key vendors
The market is characterized by the presence of a considerable number of signal jammer
Overview of the global radiography market
Technavio’s market research analyst predicts the global radiography market to grow steadily at a CAGR of around 2% by 2021. One of the primary drivers for this market is the rapid rate of upgradation of analog X-ray systems to digital X-ray systems. The radiography market is observing an increase in the number of users that want to migrate from the use of analog X-ray systems to digital X-ray systems. This is because of the flexibility of digital X-ray systems and an increasing number of applications. Digital X-ray systems offer faster scanning, increased throughput, multiple storage options, and better image quality. As a result, they eliminate the need for chemical processing of films. Moreover, these devices can provide the capability to generate 3D images. Also, it makes the end-user equipped with the capability to slice the images to analyze objects better. Furthermore, technological advances like telemedicine have enabled the integration of digital X-ray systems with satellite broadband to provide healthcare in remote areas will augment the growth of the global radiography market during the forecast period.
One of the latest trends gaining traction in this market is the rising demand for portable radiography equipment. There is an increased need for the development of miniaturized and portable testing equipment, such as the equipment used to test automotive components, because most of the inspection is carried out in different locations. These devices are highly suitable for oil rigs and are used for testing in locations with low accessibility.
Global outlook of the contactless PoS terminals market
Technavio’s market research analysts predict the global contactless PoS terminals market to grow steadily during the forecast period and post a tremendous CAGR of almost 26% by 2021. This industry research report identifies the increased number of card transactions to be one of the major factors that will have a positive impact on the growth of the contactless card reader market in the coming years. The recent years have witnessed a significant increase in the number of card transactions, inducing several enterprises to adopt payment mechanisms for card transactions. It has been observed that consumers who shop at retail and hospitality businesses are increasingly using debit or credit cards due to the ease of their payment process. This increase in card transactions will induce credit and debit card companies such as American express, MasterCard, and Visa to promote the adoption of contactless cards, which will in turn, drive the sales of NFC-enabled POS terminals especially in the retail and hospitality sectors.
One of the major trends that will gain traction in the contactless card machine market in the coming years is the rise in number of mobile devices with NFC. With the significant increase in the adoption of mobile devices for contactless payments, smart device manufacturers will start integrating their products with NFC technology. This increased adoption, coupled with the rise in awareness about the benefits of contactless payments will result in an increased adoption of contactless POS terminals by merchants.
Competitive landscape and key vendors
Global outlook of the internet of things (IoT) devices market
Technavio’s market research analysts predict the global Internet of Things (IoT) devices market to grow steadily during the forecast period and post a CAGR of almost 4% by 2021. This industry research report identifies the rise in industrial automation to be one of the major factors that will have a positive impact on the growth of the Internet of things devices market in the coming years. With the rise in adoption of automation in the manufacturing sector, industries will soon focus on employing smart machines that automatically carry out manufacturing processes, smart robots that coordinate with employees for assembling products, and smart driverless transport vehicles that can automatically carry out logistics processes. This integration of digital and physical systems will help industries increase the efficiency of their processes with greater safety. Germany has already announced the investment of about USD 565 million in developing a new standard that will enable end-to-end automation at factories. Such initiatives will increase the adoption of industrial automation systems, which will in turn, fuel the demand for IoT devices.
One of the major trends that will gain traction in this market is the rise in development of high-power processors for IoT devices. With the rising need to handle processing equivalent to that of laptops and smartphones, IoT devices will likely be equipped with powerful embedded processors that will enable them to carry out advanced computing processes. Major
Overview of the global EMV POS terminals market
Technavio’s market research analyst predicts the global Europay, MasterCard, and Visa (EMV) point of sale (POS) terminals market to grow steadily at a CAGR of around 10% by 2021. One of the primary drivers for this market is the rise in regulatory interventions for secure payments. Due to the increasing fraudulent activities, the US shifted the liability of fraud to the merchants in case they do not have EMV POS terminals (transactions made with chip and PIN cards). This compelled the payment gateways and network providers to adopt EMV standards, to reduce the chances of fraud. The fraud related to debit and credit cards is mostly prevalent where transactions are processed using magnetic stripe-based POS terminals. To minimize this, the EMV POS adopts a tokenization process that removes all the important information of the cardholder resulting in lower fraudulent activities. This will consequently drive the growth of the EMV POS terminals market over the next few years.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The growing number of retail outlets in the region is the key factor responsible for the dominance of this market in the region. Also, the merchants in the region are attaching high significance to information management and also focus on offering a secure and safe shopping experience for the customers. Moreover, the increasing purchasing power of end-consumers, large potential consumer base, and the increased sales of debit/credit cards in the region, will also propel the growth of the EMV POS terminals market in this region.
Competitive landscape and
Since the desktop PC, there has been a slew of devices that have been introduced into the market, from smartphones to laptops to tablets. One by one, these devices have revolutionized the way individuals work. They have created a more mobile workforce, creating more global businesses.