FSO and VLC markets have also been broadly classified on the basis of geography into the Americas, Europe, Asia-Pacific, and Rest of the World
The market for FSO is in the growth phase, while the market for VLC is currently in the introductory phase. Both the markets are expected to grow rapidly during the forecast period. The FSO market is expected to grow from USD 116.7 million in 2015 to USD 940.2 million by 2020, at a CAGR of 51.8% between 2015 and 2020. The VLC market is expected to grow from USD 327.8 million in 2015 to USD 8.50 billion...
The rising demand for effective solutions for infrastructure maintenance and rapid infrastructure development in the APAC region is driving the demand for structural health monitoring (SHM) in the civil infrastructure industry
SHM facilitates decision making in condition-based maintenance procedure to ensure structural integrity of various infrastructure such as bridges, dams, tunnels, and others. SHM-based condition monitoring helps to reduce the maintenance cost of infrastructure compared to other methods. For instance, to reduce the maintenance cost of bridges, the South Carolina Department of Transportation (SCDOT) used...
Automated Guided Vehicle (AGV) Market is a major contributor to the modern material handling industry
A number of factors such as the rising need for automation, predictive maintenance, safety control, and need for high productivity across industries are driving this market. Additionally, growing government support in many countries in the form of foreign direct investments (FDIs) is encouraging investments in the industrial sector and is further stimulating the growth of the automated guided vehicle...
The Increased Focus On Customer Engagement and The Fast-Growing Tourism Sector is Expected to Provide New Growth Opportunities to the Augmented Reality Market
The applications in the medical field such as the 3D visualization for disease detection and the increased use of the mobile applications have been the major drivers for the augmented reality (AR) market, which are impelling the demand for the augmented reality market. Growing investments in the AR market and growth of gaming market are the driving factors.
Growing investments in the augmented reality...
Medical Alert Systems provides flexibility of usage to the senior citizens and provide ease of use in the event of medical emergency.
Personal emergency response systems (PERSs) provide both in-house and out of the house round-the-clock medical assistance to the senior citizens in case of emergency. Technological innovations in the PERS market and globally increasing aging population are driving the overall personal emergency response system (PERS) market. According to the data given by Live Well San Diego, a California-based NGO,...
Collision Avoidance System is designed to reduce the severity of an accident
A collision avoidance system helps in avoiding collision of two vehicles or mitigates the consequences of an imminent collision. It finds applications in several industries such as automotive, aerospace, railway, marine, and construction & mining. In all applications, collision avoidance systems avoid collisions either by issuing a warning to an operator or performing an autonomous avoidance maneuver....
Visual computing interacts with the disciplines of computer science such as image processing, computer graphics, visualization, video processing, and augmented and virtual reality.
The visual computing market has evolved at a high rate. The technology has revolutionized to such an extent, that a broad range of industries with numerous applications optimized to tackle complex challenges in the field of graphics and 3D modelling and accelerating high performance computing across the key verticals such as gaming, media & entertainment, healthcare, automotive, and so on. Post...
How big is the Power Bank Market in various Region
Power banks are mainly based on lithium-ion and lithium-polymer based batteries. It has been estimated that ~80% of power banks currently available in the market are based on lithium-ion based batteries. LG Chem Ltd. (South Korea) and Samsung SDI co. Ltd. (South Korea) among others are two such companies which provide lithium batteries for power bank.
Asia-Pacific accounted for a high market share...
Various government initiatives to ban the use of refrigerants with a high ozone depletion and global warming potential are likely to drive the magnetic refrigeration market
The existing refrigeration and air conditioning systems use refrigerants that have a high ozone depletion potential (ODP) and high global warming potential (GWP). Governments of the U.S. and European countries have been phasing out such refrigerants to reduce their impact on the environment. Hydrofluorocarbons (HFC) refrigerants such as R-134a, R-410a, or R-404a are already being phased out. The most...
Smart lighting market exhibits a huge growth potential in the coming years
The lighting industry has entered a dynamic period of growth and potential. New technologies emerging in recent years have enabled a wide range of innovative strategies, from room-level intelligence of occupancy and daylight sensing to building-wide coordination of a fully networked system. Lighting technologies have been used to supplement and complement natural light in various applications. Smart...