Hardware and Semiconductor
Overview of the global system-in-package (SiP) market
Market research analysts at Technavio predict that the global SiP market will grow steadily during the next four years and post a CAGR of more than 10% by 2020. This market research analysis identifies the emergence of advanced and compact consumer electronic devices as one of the primary growth factors for this semiconductor packaging market. The consumer electronics devices industry has witnessed a massive transformation in the recent years, where feature phones were replaced by smartphones and personal computers by laptops and tablets. Furthermore, the adoption of the smart homes concept, where electronic devices can be monitored and controlled with the help of mobile applications, will further transition this industry. This will induce electronic device manufacturers to constantly upgrade their products in terms of several factors such as design, processing power, power consumption, and user-interface, that will require the use of robust technology and develop compact devices. This demand for compact electronic devices will compel semiconductor manufacturers to develop denser ICs with increased circuitry, which will boost the demand for advanced IC packaging techniques such as SiP.
Due to the presence of numerous foundries and OSATs in countries such as China, Japan, South Korea, and Taiwan, APAC will be the major revenue contributor to the market throughout the predicted period. Also, the presence of several semiconductor manufacturing units, the high demand for semiconductors from the communication and
Overview of the global ATM slide rails market
Market research analysts at Technavio predict that the global automated teller machine (ATM) slide rails market will grow steadily during the next four years and post a CAGR of about 16% by 2020. This market research analysis identifies the increase in demand for Bitcoin payment system as one of the primary growth factors for this market. The Bitcoin payment system has several advantages over other payment gateways such as user anonymity, no third party interruptions, and a greater degree of freedom. Bitcoin transactions do not involve any intermediaries which eliminates the need for sales tax and also have very less cost of foreign transactions. Owing to these benefits, there will be a constant increase in the demand for Bitcoin as a payment system. To allow easy access to end-users, there will be a significant increase in the deployment of Bitcoin ATMs, which will in turn, increase the demand for ATM slide rails.
In terms of geographical regions, APAC was the major revenue contributor to the ATM slide rails market during 2015. The demand for ATM slide rails in the region is mainly driven by countries such as China, Indonesia, India, Bangladesh, and Pakistan. The presence of the manufacturing facilities of major vendors such as THK and TK in countries such as South Korea, Japan, and China, will propel the growth of the market in the next four years.
Competitive landscape and key vendors
The overall market for ATM slide rails is small and is dominated by few players such as Sun Chain Metal, TAKACHIHO KOHEKI (TK), and THK. Vendors mainly compete on the basis of common factors such as weight of product, number of cycles it can
Outlook of the global navigation satellite system (GNSS) market
Technavio’s market research analysts predict the global GNSS market to grow steadily over the next four years and post a CAGR of more than 4% by 2020. This industry research report identifies the growth of the smartphone and tablet computer industry to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The recent years witnessed a rapid increase in the sales of smartphones and tablet computers, and according to analysts, this trend will continue in the coming years as well. The increasing usage of the Internet and the growth of the Internet of Things (IOT) drive the smartphone market since IOT uses mobile applications installed on smartphones and tablet computers to control other devices. Moreover, the entry of new smartphone vendors who offer smartphones at prices that are comparatively lower than the established ones will also aid in the growth of the smartphone market. Advancements in technology and the adoption of bring-your-own-device (BYOD) policy by several organizations across the world are also factors that will drive the growth of the smartphone market. Since the growth of the GNSS market is directly influenced by the growth of the tablet and smartphone segments, there will be a rapid increase in the adoption of GNSS technology in the next four years.
The emergence of multimodal logistics will be one of the major trends that will gain traction in this market in the next four years. GNSS-based systems come as the ideal solutions for on-the-route positioning and enable operators to monitor goods and assets during their transfer between different transport hubs. GNSS-based information can also be combined with data regarding the
Overview of the global GaN devices market
Market research analysts at Technavio predict that the global GaN devices market will grow steadily during the next four years and will post a CAGR of almost 16% by 2020. This market research analysis identifies the increased use of GaN in electronic warfare by the defense sector as one of the primary growth factors for this market. The modernization of defense equipment has subsequently increased the demand for high-powered semiconductor devices. This will drive the demand for GaN-based RF power amplifiers as they are more-efficient and offer better bandwidth performance than the traditional silicon amplifiers. GaN, when used in radars, delivers higher performance in terms of power and radar range, which will reduce the number of radars required to monitor the same perimeter. This will substantially reduce operational costs. Due to its enhanced performance, GaN will soon find applications in anti-IED (improvised explosive devices) and phased-array radars, in turn, driving the growth of the market.
This market research report predicts that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the next four years. The shift in focus of several companies in the region toward RF technologies and the availability of efficient design and technology to fabricate semiconductor devices such as transistors and other equipment, will drive market growth in this region.
Competitive landscape and key vendors
Due to the presence of a considerable number of vendors, this global market appears to be fragmented. Since all market players equally compete to gain majority of the market shares, the competitive environment is quite fierce. Vendors are currently focusing on increasing their R&
Overview of the global GaN radio frequency (RF) devices market
Market research analysts at Technavio predict that the global GaN RF devices market will grow steadily during the next four years and post a CAGR of almost 19% by 2020. This market research analysis identifies the proliferation of next-generation long term evolution (LTE) wireless networks as one of the primary growth factors for the GaN RF device market. The constantly increasing data consumption has resulted in the growth of commercial networks and will induce network carriers to adopt next-generation LTE networks such as 4G and 5G. Due to its ability to provide higher frequency data bandwidth connections, GaN RF technology will soon be the ideal choice for network service providers. GaN RF devices help in ensuring that the device can generate maximum frequency at the necessary band and also prevent any interference from other frequency bands. The deployment of GaN RF power devices will allow LTE devices to offer speeds that allow consumers to upload and download content such as music and photographs and also play online games and watch online TV shows on maximum frequency bands, which will lead to a rise in their adoption.
The proliferation of the Internet of Things (IoT) will be one of the major trends that will gain traction in this market in the next four years. The successful implementation of IoT requires data transfer over a network without human-to-computer interaction. Sensors and micro-electrical-mechanical systems (
Market outlook of the document scanner market
Technavio’s research analyst predicts the global document scanner market to grow at a CAGR of 14% during the forecast period. The growing need to scan large quantities of complex documents automatically will increase the demand for document scanners. The increasing use of the portable scanner that can be connected to the computing devices drives the document scanner market. Portable document scanners are in high demand for their flexibility. Many SMEs prefer portable document scanners for its cost benefits as against conventional document scanners.
The lower price of alternatives such as multi-function peripherals or printers (MFPs) can hinder the market growth for the document scanners. The growing usage of MFPs, which can perform multiple functions like printing, faxing, scanning, and photocopying is a challenge for this market.
Product segmentation of the document scanner market
The hardware segment dominated the market during 2015 with a market share of 60% in terms of revenue. However, the software segment is gaining more importance since enterprises are demanding customized workflow system in relation to document scanners. Technavio expects the software segment to contribute significantly and surpass hardware segment’s share by the end of the forecast period.
Geographical segmentation of the document scanner market
The Americas accounted for 41% of the market share during 2015 and is expected to grow at a CAGR of 14% during the forecast period. One of the key reasons was the high adoption of document scanners in different sectors such as banking, enterprise, education, and government.