Overview of the global barcode scanner market
Technavio’s market research analyst predicts the global barcode scanner market to grow steadily at a CAGR of above 4% by 2021. One of the primary drivers for this market is the rise in the adoption of 2D barcodes. The introduction of 2D barcodes has revolutionized the global barcode scanner market significantly. 2D barcodes, such as QR, Data Matrix, and Portable Data File (PDF)417, are being increasingly adopted across various industries, such as the retail, healthcare, and transportation and logistics. Among all the available 2D barcodes the QR bar code is the most popular. This is primarily due to its ability to be scanned even by mobile devices such as smartphones and tablets. Also, QR codes can be read easily because of their ability to hold information both horizontally and vertically. Moreover, they capacity to contain ten times more information than a 1D barcode will increase the market penetration of the 2D barcodes, this, in turn, will propel the growth of the barcode scanner market during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The dominance of the barcode scanner market in the Americas can be attributed to the early adoption of the automatic data capture (ADC) devices. Also, the presence of numerous retail chains that have stores in the region will also contribute to the barcode scanner market in the region during the next four years.
Competitive landscape and key vendors
The global barcode
Overview of the global nanopatterning market
Technavio’s market research analyst predicts the global nanopatterning market to grow steadily at a CAGR of around 23% by 2021. One of the primary drivers for this market is the development of nanotechnology. Nanotechnology is the ability to influence the atoms, with an objective to influence their core properties and characteristics. The technology makes use of nanoscience to build up an ecosystem around the concept. Many semiconductor components are manufactured using technologies such as quantum dots, carbon nanotubes, and other nanoparticles. For instance, nanosensors can be embedded into the construction of a building to monitor its health and surrounding weather conditions, which will provide vital information about the general state of the structure. The sensors can also be used to monitor concrete corrosion and cracks within the structures. These advantages will compel manufacturers to adopt nanotechnology, this, in turn, will propel the global nanopatterning market in the coming years.
In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. The presence of many prominent semiconductor foundries like TSMC, Samsung, and SMIC is creating the majority demand for nanopatterning in the region. The region has a few key countries such as Taiwan, South Korea, Japan, and China that contribute heavily to the market demand as they house most of the major semiconductor device manufacturers. Moreover, the rapid adoption of nanopatterning in the
Overview of the global quantum dots market
The global quantum dots market is anticipated to grow rapidly and post a CAGR of more than 120% during the forecast period. The increasing need for energy-efficient devices will drive the growth prospects for the global quantum dots market for the next four years. A large number of nations are looking for eco-friendly and renewable sources of energy that results in less CO₂ emission. Some of the major factors responsible for the growing popularity of renewable sources of energy are high-energy prices and unexpected nuclear disasters. Also, various countries are encouraged to adopt energy-efficient electronic devices such as energy star rated laptops, air conditioners, irons, televisions, and microwaves. Also, quantum dot display technology reduces the overall household electricity bill for television as it uses less power in comparison to LCD TVs. Moreover, it has been observed that the low-power consumption property of quantum dot display technology improves the battery life of electronic devices such as smartphones and tablets. According to the industry research report, due to the growing adoption of quantum dot technology in display devices such as tablets, smartphones, and TV, the customer base for the vendors will expand in the coming years.
A large number of different applications of quantum dot technology will drive the growth prospects for the global quantum dots market until the end of 2021. Some of the major applications and benefits of quantum dot technology which will drive market growth is its growing use in cancer surgery, extraction of solar energy through windows, perovskite PV, and graphene.
Competitive landscape and key
Overview of the global carbon nanotube (CNT) market
According to the analyst at Technavio, the global CNT market is anticipated to grow rapidly and post a CAGR of close to 22% during the forecast period. The rise in production capacities of CNTS will drive the growth prospects for the global CNT market until the end of 2021. One of the major factors responsible for the market’s growth is the increasing number of investments in the production facilities to meet the growing demand from sectors such as consumer goods, electrical and electronics, energy, healthcare, automobile, and aerospace and defense. Also, companies are highly investing on the expansion of high-quality CNT manufacturing operations, employment of new production technologies, and diversification of their production capabilities to new emerging markets from traditional markets.
In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market until the end of 2021. The APAC region is witnessing a significant growth in the electronics and semiconductor industry. As a result, the demand for CNTs in applications such as capacitors and batteries increase that will eventually accelerate the rate of revenue generation in the global CNT market.
Competitive landscape and key vendors
The global CNT market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that several vendors are increasingly focusing on the manufacture of the high amount of CNTs per year to meet the growing demand. Furthermore, these
Overview of the global QSFP module market
Technavio’s market research analyst predicts the global quad small form-factor pluggable (QSFP) module market to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the rise in the optical fiber communication network connections. Optical fibers are flexible, thin, susceptible to electromagnetic interference, and more rugged and reliable than copper cables. They are ideal for inaccessible environments, from underground ducts to overhead electricity lines. These characteristics of optical fibers are encouraging several industry players from different industries such as military and aerospace, mining, oil and gas, telecommunication, transportation, and utilities to build their communication network infrastructure using fiber optics. Moreover, fiber to the premise (FTTP) initiatives by different countries such as Australia, China, India, and New Zealand is driving the demand for optical fiber and optical fiber components for FTTx connections. As a result of this rapid increase in the FTTP services, the demand for QSFP modules will increase during the forecast period.
One of the latest trends gaining traction in this market is the emergence of cloud computing. Cloud is a virtual and remote data center that stores, manages, and retrieves data or resources without requiring any infrastructure costs. This trend has been gaining traction recently, primarily due to the high inclination of enterprises toward cloud computing for cost cutting by eliminating investments required for storage of hardware
Overview of the global physical intellectual property (IP) market
Technavio’s market research analyst predicts the global physical intellectual property (IP) market to grow steadily at a CAGR of around 12% by 2021. One of the primary drivers for this market is the growing complexity of ICs. Designers and engineers are continuously developing new methodologies and techniques to keep pace with the increasing level of integration and to manage more circuitry within the same size and at the same cost. This is leading to growing complexity of ICs wherein several active and passive components are being integrated on a single chip. For instance, for the development of system-on-chip (SoC) design, predesigned and pre-verified blocks such as IP blocks, IP cores, and virtual components are combined on a single chip. This is driving the demand for third-party IP blocks incorporated into designs. In response to technological advances, the semiconductor manufacturers are incorporating new process and design technologies to manufacture smaller and powerful devices at lower cost. Consequently, foundries are working closely with IP vendors to ensure the availability of IP building blocks for their new process technologies. This, in turn, will propel the growth of the global IP market in the coming years.
One of the latest trends gaining traction in this market is the rising adoption of in-vehicle networks by the consumers. The exponential increase in the deployment of advanced electronics such as actuators, microcontrollers, and sensors to enable in-vehicle communication is driving the growth of automotive communication protocols. Consumers are demanding smart features in automotive
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.