Outlook of the chip-on-board (CoB) LED market in APAC
Technavio’s market research analyst predicts the chip-on-board (CoB) LED market in APAC to grow at a CAGR of around 35% during the forecast period. Much of this market’s strong growth can be attributed to the advent of stringent regulations about the utilization of high energy-consuming lighting sources and subsidies for the adoption of LED lighting equipment. In this region, many countries are promoting the use of energy management solutions by replacing the existing sodium and halogen street-lighting systems with advanced and energy efficient CoB LED systems. This rising preference for energy efficiency among the countries in APAC will result in the augmented adoption of CoB LEDs during the forecast period.
The rising demand for energy-efficient and high-quality devices will impel the prospects for market growth until 2020. Recently, it has been observed that the demand for high-quality and energy-efficient light sources that have a longer lifespan is increasing. The flexible design of LEDs allows lighting system controls to be used more efficiently than traditional lighting sources. Their rational design coupled with the presence of micro lens molding will allow these devices to avoid the defects of point and glare light. Benefits such as its improved color-rendering index will result in its increased adoption during the forecast period.
Segmentation by application and analysis of the CoB LED market in APAC
- General lighting industry
- Automotive industry
- Backlighting industry
The general lighting industry segment currently dominates this market and is envisaged to account for a market share of more than 66% by 2020. Much of this segment’s growth can be attributed to the advent of stringent regulations that necessitate the
Global outlook of the connectivity enabling technology market
Technavio’s market research analysts have predicted that the global connectivity enabling technology market will grow steadily during the forecast period and will post a moderate CAGR of about 3% by 2020.Voice over mobile broadband provides end-to-end connectivity for standard mobile phone calls over mobile broadband networks such as Wi-Fi, long-term evolution (LTE), and high-speed packet access. It also offers several advantages for telecom carriers such as high-quality audio, cost reduction per subscriber, improved spectral efficiency, and user terminal power savings and has the ability to offload voice capacity to other technologies. This will lead to the adoption of VoWi-Fi. The technology has been in the industry for a long time and is expected to gain considerable traction in the telecom sector in the coming years. The technology allows users to make calls over any network without the requirement to download any other application. This will increase the demand for Wi-Fi-enabled devices and will, in turn, lead to the growth of the market.
This market research and analysis estimates that in terms of geographical regions, APAC will dominate the connectivity enabling devices market based on Bluetooth technology and the Americas will dominate the market based on ZigBee and Wi-Fi technology. North America is the largest regional market for Wi-Fi chipsets in the Americas where the US is the major revenue contributor. The growth of the market in the Americas is mainly due to the availability of established infrastructure and the high penetration of Wi-Fi-enabled smartphones and tablets. The availability of low-cost smartphones in countries such as India and China and the increasing usage of e-commerce portals will lead to the rise in sales of
Outlook of the global microfluidic market for healthcare applications
Technavio’s market research analyst predicts the global microfluidic market for healthcare application to grow at a CAGR of about 18% during the forecast period. A major factor that propels growth in this market is the development of equipment that aid in patient monitoring. Microfluidic devices will have a significant impact on clinical and biomedical applications as they help in the monitoring and prevention of diseases like cancer, cardiovascular diseases, and diabetes. Furthermore, their ability to reduce the rising cost of healthcare around the world will result in its augmented adoption during the predicted period.
Increasing instances of lifestyle-related diseases, which are associated with the excessive use of tobacco and alcohol and poor diet will also aid in the growth of this market. The WHO has warned that public policies are required for the prevention of lifestyle-related diseases as they lead to high blood pressure, high cholesterol levels, and high incidence of diabetes. Consequently, microfluidic chips are increasingly being used in the healthcare sector as they aid in the rapid testing and identification of such conditions in patients.
Geographical segmentation of the microfluidic market for healthcare applications
In terms of geography, the Americas dominate this market and is anticipated to grow at a CAGR of around 16% during the forecast period. Factors like the presence of a large number of leading market players for microfluidic devices and the presence of a developed health care system will aid in the growth of this market in the Americas.
Competitive landscape and key vendors
The microfluidic market for healthcare application is
Outlook of the global nanolithography equipment market
Technavio’s market research analyst predicts the global nanolithography equipment market to grow at a CAGR of around 1% during the forecast period. The demand for compact electronic devices has grown in sectors like communication device, automotive, industrial manufacturing, and healthcare equipment. This trend has compelled the semiconductor IC manufacturers to invest in R&D to reduce the size and increase the performance of ICs, which in turn has led to the emergence new nanolithography equipment.
The strong demand for miniaturized electronic devices is another major factor that will drive market growth during the forecast period. One of the major transformations in the global semiconductor industry is the advent of miniaturized semiconductor components like ICs. Recently, it has been observed that manufacturers are focusing on the size reduction of their devices without compromising on performance. Consequently, IC chips installed in the system need to be small in size, while delivering better performance and consuming lesser power. Nanolithography systems play an important role in such systems as they help to transfer the IC design from a photomask to a silicon wafer. Due to miniaturization of electronic devices, the use of optimized and miniaturized electronic circuits made of semiconductor materials has increased.
Geographical segmentation of the nanolithography equipment market
At present, the APAC region dominates this market and is anticipated to grow at a CAGR of nearly 1% during the forecast period. Factors such as the early adoption of smartphones and tablets and the growing usage of the mobile internet have augmented the demand for nanolithography equipment in this region.
Outlook of the global carbon nanotubes market
Technavio’s market research analyst predicts the global carbon nanotubes market to grow at a CAGR of around 20% during the forecast period. Carbon nanotubes can be used in place of silicon and indium tin-coated films for the production of solar cells, liquid crystal displays, and organic light-emitting diodes. Due to their high market potential, investments in the R&D of carbon nanotubes is also increasing. This recent increase in the R&D of new carbon nanotubes will lead to the widespread adoption of such tubes across various end-user industries.
The market is also facing some challenges due to the negative impact of carbon nanotubes on the environment. The improper disposal of toxic substances during the manufacture of carbon nanotubes can cause serious health issues in people. Consequently, manufacturers have been compelled to find new ways to reduce the negative effects of carbon tubes on the environment.
Product-based segmentation of the carbon nanotubes market
In terms of revenue, the MWCNTs segment dominated this market and accounted for a market share of around 94% during 2015. Much of this segment’s growth can be attributed to the low selling price of MWCNTs, which can be produced in large quantities at a lower cost when compared to SWCNTs.
Geographical segmentation of the carbon nanotubes market
The APAC region was the largest market for carbon nanotubes during the forecast period and is expected to grow at a CAGR of approximately 21% until 2020. The widespread presence of large vendors and end users in APAC is the major reason for the dominance of this region.
Global outlook of the fire sprinklers market
Technavio’s market research analysts have predicted that the global fire sprinklers market will grow steadily during the forecast period and post a CAGR of more than 9% by 2020. This industry research report identifies the growing environmental concerns due to fire wastage to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Fire sprinklers help reduce the amount of greenhouse gases released into the environment during fire incidents. In addition to preventing fire-related causalities, they also help in efficient water management by using only a minimal fraction of water used by the fire department. Global warming has led to the increased awareness towards the need to reduce carbon emissions, which in turn, will result in the increased installation of fire suppression systems such as sprinkler systems in residential and commercial buildings.
Fire sprinkler manufacturers are constantly focusing on developing and using water-efficient fire sprinklers which led to the emergence of HI-FOG technology. This is based on the fast evaporation of water that cools down the flame and the surrounding gases and also displaces oxygen from the environment. These systems are more efficient than the conventional fire sprinkler systems due to their comparatively low size of water droplets. Also, these fire protection systems control the room temperature and also convert the droplet into steam, extinguishing fires much faster than the normal fire
This segment includes components and systems like duplexers, microprocessors, and microcontrollers. These devices are essential to every electronic device that is sold today. Advances in embedded systems, such as higher memory capacities, faster processor speeds, and higher power capacities are required for technological growth across all industries. Organizations need to be attentive to the advances in this field, as this technology shapes the future of hardware devices.