Hardware and Semiconductor
Overview of the global mobile AR market
The global mobile AR market is anticipated to grow rapidly and will post a CAGR of more than 77% during the forecast period. The increasing adoption of crowdfunding strategy will drive the growth prospects for the global mobile augmented reality market until the end of 2021. According to the industry research report, a large number of vendors are increasingly taking efforts to raise funds for their projects. This increases the awareness among potential customers, provides enormous opportunities for small vendors, encourages small vendors to innovate and succeed in a strong competitive environment, allows vendors to understand customers' interests, and enables a direct interaction with potential buyers. For instance, Prynt started a crowdfunding campaign for its Prynt smartphone case that has AR functions, and the camera converts images into video clips during scanning.
In terms of geography, the Americas is one of the fastest growing segment and will continue to grow and dominate the market in the coming years. One of the major factors responsible for the market’s growth in the region is the US, which is one of the earliest adopters of AR where numerous apps have been developed for iOS and Android. In addition, the high purchasing power, availability of a multitude of vendors, and a high penetration rate of smartphones in the US has made the US a favorable destination for the smart glasses market.
Competitive landscape and key vendors
The mobile AR market is highly fragmented with a moderately competitive environment and is still in its nascent stage. These vendors increasingly focus on working together with the technology developers to comprehend the unique differences and requirements of each industry separately. Also, the market witnessed low entry barriers,
Global outlook of the visible light communication (VLC) market
Technavio’s market research analysts predict the global VLC market to grow steadily during the forecast period and post a tremendous CAGR of almost 78% by 2021. This industry research report identifies the advantages of visible light communication including faster and safer data transfer to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Unlike other technologies that use radio waves, VLC systems use light and have been observed to be several times faster and more secure than the other competing technology like Wi-fi. As a result, it is being adopted by corporate organizations for secure and fast data exchange and file transfers Moreover, VLC technology can also be applied in almost all environments including water and also eliminates interference with electronic circuitry. Such benefits will increase the adoption of this technology among more end-user sectors, subsequently fueling market growth.
This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the visible light technology market throughout the next four years. Countries such as the US, Canada, and Brazil are increasingly focusing on phasing out incandescent lamps and adopting energy-efficient lighting such as LEDs. Such developments will help in the growth of the market in the Americas.
Competitive landscape and key vendors
Though the market is currently at the nascent stage, it is characterized by the presence of a considerable number of vendors and is extremely
Overview of the global semiconductor fabrication software market
The global semiconductor fabrication software market is anticipated to grow at a steady rate and will post a CAGR of close to 2% during the forecast period. The increasing adoption of fin-shaped field effect transistor (FinFET) architecture will drive the growth prospects for the global semiconductor fabrication software market until the end of 2021. The market has witnessed a major shift from planar FET designs to FinFET architecture design due to the advent of new technological platforms such as the internet of things (IoT) and the growing demand for smart electronic devices such as smartphones, digital cameras, notebooks, PCs, PDAs, and tablets. Some of the major factors responsible for the growing adoption of FinFET architecture is the increasing need for improving the performance and reducing power consumption. It has been observed that FinFET architecture is faster, consumes less dynamic power and reduces the static leakage in comparison to planar FET.
Theincreasing need for semiconductor memory devices will drive the growth prospects for the global semiconductor fabrication software market for the next four years. With the increasing high growth potential of semiconductor memory market devices, the semiconductor fabrication software market is witnessing a huge shift from the logic, analog, and discrete devices to memory devices such as the 3D NAND and 3D DRAM. Some of the benefits of this shifting trend include devices that have more resistance to vibration, low chances of corruption due to impact, and less possibility of data loss.
Outlook of the global intelligent RFID platform market
Technavio’s market research analyst predicts the global intelligent radio-frequency identification (RFID) platform market to grow steadily at a CAGR of above 26% by 2021. One of the primary drivers for this market is the demand for inventory management capability by firms across the globe. Inventory management is the process of tracking products, items, or assets of a company. It also involves the storage of components that will be required during production, as well as oversee quantity of the finished products. With the introduction of automatic data capture (ADC) through the RFID system, companies can ensure that the purchase orders are linked to the amount of stock that must be replenished. Most of the RFID systems are integrated with intelligent RFID platform products such as controllers. Store managers use the system to track depletion of inventories. They can also use such systems to assess the rate of replenishment for certain stocks and decide on the economic order quantity (EOQ) for the inventory. Furthermore, the capability of intelligent RFID platform to help feed information into the database and analyze trends in product demand will propel the growth of the intelligent RFID platform market during the forecast period.
One of the latest trends gaining traction in this market is the growing popularity of smart factories. A smart factory uses a real-time location system (RTLS) to gather location of the data. The RTLS has tags and sensors that point to the exact location and identity of assets. This data is combined with the existing plant systems and devices and helps in interpreting the current state of the factory. As a result, many
Overview of the global field-programmable gate array (FPGA) market
Technavio’s market research analyst predicts the global field-programmable gate array (FPGA) market to grow steadily at a CAGR of around 9% by 2021. One of the primary drivers for this market is the rise in the demand for optimization in big data analytics. Big data analytics is the process of interpretation of high volume of data to capture useful business insights such as consumer trends and unknown correlations. The leading search engines such as Google and firms such as Amazon and Walmart, who derive consumer insights based on big data analytics, are increasing their dependence on FPGAs to execute operations in parallel to have the real-time performance to make business decisions. FPGA-based systems are substantially improving the speed of data analysis from extract, transform, and load (ETL) to indexing, search, and business intelligence (BI). Moreover, emerging technologies such as internet of things (IoT) and the subsequent need for faster data processing for advanced analytics, will propel the demand for FPGA-based systems during the forecast period.
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 increasing demand for consumer electronics is the key contributing factor leading to the dominance of FPGAs in the region. This demand in primarily driven by the presence of major consumer
Overview of the global nanosensors market
Technavio’s market research analyst predicts the global nanosensors market to grow steadily at a tremendous CAGR of around 93% by 2021. One of the major factors contributing to the growth of this market is the rise in demand for sophistication in healthcare. The use of nanotechnology, especially nanosensors in healthcare diagnostics, increases the rate of the diagnostics process, thereby complementing the primary goal of diagnostics to identify a medical problem in the shortest span of time. Another major advantage of nanosensors for healthcare diagnostics is that the nanosensors are composed of carbon nanotubes (CNT). This makes it highly convenient for these sensors to be implanted into the body without causing any inconvenience to the patient. Also, the small size of nanosensors makes it possible for them to penetrate cells and manipulate the way they function, which is unachievable in the case of conventional medicine. The sensor can transmit signals to an external computer by using radio frequency (RF), through which the medical condition can be assessed by the clinicians. With the increasing use of nanosensors, a new proactive system for healthcare is evolving, in which the sensors can monitor certain medical conditions and respond to them in a considerably shorter time span than in a conventional reactionary model.
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. Much of the region’s dominance can be attributed to the unprecedented growth in the adoption of nanosensors in the region. Over the past few years, the Americas have witnessed significant