Pet Wearable Market Size Worth $4.6 Billion By 2027

The global pet wearable market size is estimated to reach USD 4.6 billion by 2027, registering a CAGR of 14.3% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing concerns toward companion animals’ health and wellbeing, coupled with rising pet humanization and population, is anticipated to be the key factor driving the growth of the market over the forecast period. In addition, increasing expenditure on pet consumables and rising demand for identification and tracking devices are some of the key factors driving the market growth.

According to the American Pet Products Association (APPA), the expenditure on companion animals in U.S. is expected to be USD 72.1 billion in 2018. Several advancements in technology is expected to lead to an increased demand for these wearables over the forecast period. Wearables are capable of continuously tracking health-related parameters such as body temperature, calorie intake, and Heart Rate Variability (HRV). Moreover, sensor technology is integrated into wearable devices to monitor and measure health metrics such as heart rate and respiration levels. It also enables pet owners to check disease symptoms, store medical records in the cloud, and set goals and reminders.

Moreover, growing reliance on pets for companionship, mental wellbeing, fitness, and entertainment has led to an increased spending on companion animals. The availability of advanced technology-based devices to monitor health by gathering vital information is expected to drive the pet wearable market growth. Furthermore, increasing adoption of companion animals in emerging economies such as India and China would offer several opportunities for market growth in the Asia Pacific region over the forecast period. On the other hand, North America dominated the global market in 2019 owing to the increasing awareness of the importance of pet health. Moreover, high penetration of fitness and activity monitoring devices and increased spending on companion animals is anticipated to drive the regional market growth.

Key industry players include Allflex USA Inc.; Avid Identification Systems, Inc.; Datamars; Fitbark; Garmin Ltd., Intervet Inc.; Invisible Fence; and Konectera Inc. Key players in the market focus on research and development activities to develop innovative products to expand their product offerings. In addition, companies adopt strategies such as collaborations, expansions, and acquisitions to strengthen their position in the global market.

Full Research Report On Pet Wearable Market Visit Here: https://www.grandviewresearch.com/industry-analysis/pet-wearable-market

Pet Wearable Market Report Highlights

• The RFID segment dominated the market with a share of 39.9% in 2019, as RFID technology is considered more accurate and reliable, and helps authenticate products and store information
• The identification and tracking segment dominated the market in 2019 and is projected to reach USD 2.8 billion by 2027 as tracking wearable devices can play a significant role in finding lost or stolen pets
• The Asia Pacific pet wearable market is estimated to register the highest CAGR of over 17.0% from 2020 to 2027 owing to increasing awareness regarding pet fitness and health in countries such as India and Australia
• Key industry players include PetPace LLC; Whistle Labs, Inc.; Tractive; Garmin International, Inc.; and FitBark.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

LiDAR Market Future Growth & Latest Trends

The global LiDAR market size is expected to reach USD 3.7 billion by 2027, expanding at a CAGR of 13.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing acceptance in environmental mapping, automobile safety application, construction and architectural sectors for monitoring, and 3D-modeling applications arenas is expected to boost the market growth. Furthermore, increasing development and adoption of self-driving cars and trucks is expected to boost the market growth, as Light Detection and Ranging (LiDAR) is one of the key sensing technologies that is required to enable hybrid to full autonomous driving.

The advanced driver assistance systems (ADAS) application segment is expected to grow at a remarkable pace owing to surging incorporation in automotive safety and forward-collision avoidance systems. In U.K., the regulatory authorities have mandated installation of certain automotive safety technologies such as the collision avoidance technologies. The Euro NCAP Advanced aims to provide buyers with clear guidance regarding the safety benefits offered by technologies such as blind spot monitoring, lane support, Autonomous Emergency Braking (AEB), speed alert, attention assist, vision enhancement, and pre-crash sensing. Rising developments in 3D scanning solutions is anticipated to boost the market growth over the forecast period. For instance, in October 2018, Faro Technology, Inc. introduced new airborne LiDAR scanning in partnership with STORMBEE, in order to provide cost effective airborne 3D scanning solution.

Furthermore, growing environmental concerns have enforced governments to establish regulations over the past decade. The authorities have been implementing strategies, activities, and policies to tackle the concerns. The ability to store large LiDAR point files has been a stumbling block for new users however, the technological advancements in spatial resolution of LIDAR-based digital terrain models are providing incredible accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways.

Full Research Report On LiDAR Market Visit Here: https://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market

LiDAR Market Report Highlights

• The LiDAR market is estimated to grow significantly due to automation in industries, leading to reduced human efforts and increased efficiency. Technological superiority of LiDAR in engineering projects of large magnitude is estimated to trigger the demand further
• Airborne systems are expected to remain the dominant product segment over the forecast period on account of the surging adoption of aerial mapping devices
• North America is expected to emerge as one of the leading regional markets owing to rising R&D spending coupled with high adoption in the automotive sector and environmental scanning and modeling operations
• Growing demand in emerging economies, such as India, Japan, and China, is driving the industry growth in the Asia Pacific region. The surge in the demand across the automotive industry is one of the reasons boosting the market demand
• The key industry participants include Velodyne LiDAR, Inc.; Leica Geosystems Holdings AG; Faro Technologies Inc.; Trimble Navigation Limited; and RIEGL USA Inc.
• The current market environment is witnessing an intense competition between the key players for achieving the market domination via product differentiation and enhancement of quality.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Insurance Telematics Market Worth $6.2 Billion By 2025

The global insurance telematics market size is expected to reach USD 6.2 billion by 2025, registering a CAGR of 22.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. Insurance telematics provide accurate data about driver behavior and vehicle operations, which provides visibility and actionable data for claim processes. Additionally, the device helps in minimizing fraudulent claims and minimizes losses in this area. These factors are expected to boost the growth of the market over the forecast period. In addition, decline in the cost of supporting technologies such as wireless sensor network, GPS, and computer analytics is another factor contributing to the market growth.

Factors such as OpenStreetMap (OSM) project, plug-and-play devices, rising adoption of smartphone, and ability of smartphones to connect with on-board vehicles wirelessly using Bluetooth is further expected to propel the market growth. Advanced generation of telematics devices work effectively with fleets, business processes, and fleet managers. Therefore, it becomes easy for insurers to choose within a broad spectrum of data and feedback sources. Considering the long-term gains in the auto insurance sector, the market encourages mutual partnerships with telematics service providers that helps in eliminating the design and deployment complexities pertaining to IT and analytics services. Furthermore, logistics and support hold equal importance from the implementation perspective that offers high assurance in long-term maintenance.

Europe represents a steady market growth owing to significant presence of the telematics industry in Italy and U.K. Moreover, other regional markets in Europe such as Spain, Austria, France, Switzerland, and Germany have exhibited lucrative growth opportunities and resulted in a considerable market share owing to the growing automotive sector. The Europe market spans independent insurers as well as collaborative insurers that offer incentive programs based on varying degrees. Therefore, the value chain for insurance telematics in Europe beholds notable presence of key players with effective insurance programs to offer to their clients.

Full Research Report On Insurance Telematics Market Visit Here: https://www.grandviewresearch.com/industry-analysis/insurance-telematics-market

Insurance Telematics Market Report Highlights

• The software segment is anticipated to exhibit the highest CAGR from 2019 to 2025. Growth in innovations such as machine learning and IoT is driving the adoption of the software segment
• The Pay-how-you-drive (PHYD) segment is anticipated to witness highest growth rate over the forecast period. PHYD insurance policies are behavior based and provide accurate estimation of risk involved in the driving, which will increase its demand in connected cars over the forecast period
• The flexible and scalable infrastructure of cloud-based telematics allows the analysis of large volumes of data generated from multiple sensors installed on vehicles and for handling multiple devices
• The large enterprises segment accounted for largest market share in 2018 in terms of revenue and is expected to maintain its dominance over the forecast period owing to high adoption of smartphones and mobile telematics
• The commercial vehicle segment is expected to emerge as the fastest-growing end use segment over the next six years as the prominent market players are offering exclusive package of telematics services including driver behavior assessment, mobile app for fleet drivers, data feeds, and vehicle enablers for commercial units
• North America held the largest share in 2018 owing to significant presence of technology providers and robust infrastructure for installing the device
• The key players in the insurance telematics market include Agero Inc.; Aplicom; Intelligent Mechatronic System; Masternaut Ltd.; Meta System S.p.A; MiX Telematics Ltd.; Octo Telematics S.p.A; Sierra Wireless Inc.; TomTom Telematics BV, and TRIMBLE INC.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Shared Mobility Market Size, Share, Future Growth Analysis

The global shared mobility market size is projected to reach USD 619.51 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 25.1% during the forecast period. Growing use of smartphones and connected vehicles, along with an elevated problem of traffic congestion in prominent cities worldwide, is anticipated to drive the market. Increasing fuel costs are impelling individuals to shift towards alternative transportation solutions, further escalating the growth of the market during the forecast period.

Reluctance towards sharing personal vehicle with strangers in ride sharing is one of the major factors challenging market growth. Furthermore, high costs of developing internet infrastructure in some low-income countries and substandard connectivity are inhibiting the upward rise of the market.

Proliferation of internet-based technologies, mass marketing of connected vehicles, and burgeoning popularity of intelligent transportation systems (ITS) are prominent technological breakthroughs that are estimated to positively influence the growth of the market. Web-integrated services offer advanced features, such as V2V, V2X, and V2I communication, for vehicles. Moreover, availability of real-time information pertaining to parking and congestion is expected to further augment the shared mobility market over the coming years.

Full Research Report On Shared Mobility Market Visit Here: https://www.grandviewresearch.com/industry-analysis/shared-mobility-market

Further key findings from the report suggest:

• Introduction of shared mobility services availed through electric vehicles is one of the key growth opportunities for industry players. Electric car sharing is a popular trend in developed countries of Europe and is likely to shape the future of the regional market over the coming years
• The ride-hailing segment is poised to account for the highest revenue share of more than 52.0% by 2025. Growing penetration of internet across the globe and introduction of new services by ride hailing companies are projected to supplement the growth of the segment
• Bike sharing is anticipated to be the most promising service model segment, registering a CAGR of over 29.0% from 2018 to 2025, owing to increasing number of bike-sharing programs, especially in matured economies worldwide
• Asia Pacific is estimated to dominate the market throughout the forecast horizon owing to high adoption rate of ride-hailing and car-sharing services in densely populated countries such as China.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Travel Retail Market Size Worth $128.8 Billion By 2025

The global travel retail market size is expected to reach USD 128.80 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 8.7% over the forecast years. Rapidly expanding retail and travel and tourism industry along with increasing per capita income levels is expected to drive the market growth. Different retail channels help in improving the retail experience of passengers while contributing to economic growth.

The airport retail segment is expected to gain traction over the forecast period and is expected to reach over USD 91.75 billion by 2025. On the basis of products, the perfume & cosmetics segment held a significant share of the market in 2017. Driven by the rising demand for branded cosmetics, such as makeup and skincare products, which are available discounted rates at the duty-free stores, the segment is projected to expand further.

The travel retail industry is focusing on enhancing customer experience and use data to provide customers an integrated experience. For example, Kuala Lumpur International Airport has integrated big data platform deployed for its KLIA2 terminal. This platform will extract passenger’s real-time location throughout the airport for real-time status checks, travel plans, and so on.

Full Research Report On Travel Retail Market Visit Here: https://www.grandviewresearch.com/industry-analysis/travel-retail-market

Travel Retail Market Report Highlights

• The global market accounted for USD 67.3 billion in 2017 and is expected to register a CAGR of 8.7% from 2018 to 2025
• Increasing number of international travelers across the globe is expected to boost the market growth
• The perfume & cosmetics segment is anticipated to witness the highest CAGR of 9.9% followed by the fashion & accessories segment over the forecast period
• Asia Pacific is anticipated to be the fastest-growing regional market due to increasing disposable income levels and expanding the travel industry in the region
• Key companies in the global travel retail market include Shilla DFS, Lagardere Group, Lotte Corp., Heinemann, and Dufry AG

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

North America Digital Transformation in Manufacturing Market Worth $25.70 Billion By 2025

The North America digital transformation in manufacturing market size is expected to reach USD 25.70 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 17.2% during the forecast period. The manufacturing industry is inclined towards deploying digital manufacturing solutions that offer greater efficiency and productivity and minimize manufacturing costs.

Artificial Intelligence (AI) is the driving factor behind modernization of manufacturing procedures, which is being undertaken to help make smarter real-time production decisions. Integration of AI and robotics to improve productivity of manufacturing processes is a major trend that is being currently observed in the market.

Manufacturing companies in the region are shifting their focus from large-scale manufacturing to customized manufacturing. Since customers are increasingly demanding tailor-made products, manufacturing companies are making efforts to fulfill these demands in real time. In response to the growing trend, manufacturing companies are adopting Industry 4.0 standards that include cyber-physical systems to monitor processes in factories and make decentralized decisions.

Moreover, use of drones for product delivery is an emerging trend in the region. Drones are considered to be the future of last-mile delivery for consumer goods as they are cost effective and also assist in reducing delivery time. For instance, in December 2016, Amazon.com, Inc. launched the Amazon Prime Air project in the U.S., which involved use of drones for delivering products within 30 minutes.

Full Research Report On North America Digital Transformation in Manufacturing Market Visit Here: https://www.grandviewresearch.com/industry-analysis/north-america-digital-transformation-manufacturing-market

Further key findings from the report suggest:

• The presence of a large number of key providers of digital transformation in the region is one of the key factors supporting the growth of the market
• The solution segment is expected to account for the largest market share over the forecast period. On the other hand, the service segment is anticipated to register a CAGR of 18.3% from 2018 to 2025 owing to increasing demand for managed and professional services that offer information on new technologies introduced for production processes
• The hosted deployment segment is expected to witness the highest growth over the forecast period. It is estimated to register a CAGR of 20.2% during the forecast period as it facilitates a virtual presence that enables organizations to access data across connected devices at any point of time
• The large enterprise segment is expected to account for the largest market share over the forecast period and is anticipated to progress at a CAGR of 16.0% from 2018 to 2025 owing to huge investments of such enterprises in advanced technologies to cope with changing industry dynamics
• The U.S. is anticipated to continue to dominate the market over the forecast period and is estimated to reach USD 19.53 billion by 2025 owing to increasing government initiatives for deploying digital manufacturing process in SMEs to increase production efficiency and gain a competitive edge
• Key industry participants include ABB Ltd.; Dassault Systemes; Emerson Electric Co.; Fanuc Corporation; General Electric Company; Honeywell International, Inc.; Mitsubishi Electric Corporation; Rockwell Automation, Inc.; Robert Bosch GmbH; Schneider Electric SE; Siemens AG; and Yokogawa Electric Corporation.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Telecom MMW Technology Market Size Worth $7.38 Billion By 2027

The global telecom millimeter wave technology market size is projected to reach USD 7.38 billion by 2027, registering a CAGR of 37.01%, according to the new report conducted by Grand View Research, Inc. Millimeter Waves (MMW) can a transmit large amount of data efficiently, operating in the electromagnetic spectrum of 30 GHz to 300 GHz. Millimeter waves are also known as Extremely High-Frequency (EHF) waves owing to its operational frequency spectrum. The property of transmitting a large amount of data has made the technology a popular across the telecommunication application.

The MMW technology industry is prominently dependent on the applications in various verticals where it is used extensively. Major application areas include telecommunication, military and defense, security services, and medical and healthcare. Evolution of 5G technology is likely to occur over the coming years on account of recent developments and continuous research and progress in the telecom industry.

Millimeter waves are anticipated to play a vital role in the development of fifth-generation technology on account of the technology’s demand for higher-bandwidth. The 5G technology is predicted to emerge in the coming years and the market is likely to witness its adoption significantly. Eventually, the demand for MMW technology is expected to boost, in turn, propelling the overall MMW technology market, particularly across the telecom industry.

Increased government funding and initiatives coupled with intensive R&D carried out from the military and private sectors are leading towards the improvement of the MMW technology. In addition, the E-band frequency segment having extensive application in the telecommunication sector is estimated to generate the highest revenue. The E-band frequency segment is projected to keep on dominating in the telecom industry owing to the growing telecom applications. Therefore, the overall telecom millimeter wave technology market is poised to witness a significant growth worldwide over the forecast period at a notable pace.

Full Research Report On Telecom Millimeter Wave Technology Market Visit Here: https://www.grandviewresearch.com/industry-analysis/telecom-millimeter-wave-mmw-technology-market

Telecom Millimeter Wave Technology Market Report Highlights

• North America accounted for the largest market share in the telecom MMW technology market owing to the technology’s early and greater adoption rate
• U.S. being highest revenue generating country in 2019 in North America, the regional market is predicted to exhibit steady growth over the forecast period
• E-band frequency segment is anticipated to grow rapidly over the estimated duration owing to its extensive adoption in the telecom applications
• The telecom industry in Asia Pacific is poised to expand substantially over the coming years, and the E-band frequency segment is likely to witness lucrative opportunity in the regional telecom industry
• Besides, growing urbanization in the Asia Pacific region and competition amongst the telecom service providers to offer superior quality of internet and other related services in order to enlarge customer base is another factor expected to drive the telecom MMW technology market
• Online streaming of high-quality videos, online gaming, and other entertainment stuff which demand high bandwidth and consume heavy data are again likely to fuel the overall demand for MMW technology in the telecom sector globally

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Smart Stadium Market Future Growth & Latest Trends

The global smart stadium market size is expected to reach USD 21.00 billion by 2025, expanding at a 20.9% CAGR over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing focus on engaging and entertaining the fans at stadiums, coupled with stringent security regulations framed by sports governing bodies are among the key factors driving the market growth. Additionally, growing demand for data-driven operations and upcoming international and national sports events are anticipated to increase the demand for smart stadiums.

Stadiums across the developing and developed economies are being renovated to offer facilities such as smart parking, fan experience, operational efficiency, enhanced security, and next-generation viewing experience, among others. Smart stadiums include many surveillance solutions, parking solutions, sensors, and digital signs, among other solutions. These solutions deliver real-time information such as in-stadium merchandise pricing, lines at concession stands, and available parking, thus enhancing the fans’ overall experience. Additionally, smart stadiums support green initiatives navigating fans to dispose of waste in dustbins and allowing only disposable items in the stadium.

In 2018, Europe accounted for a majority stake of the smart stadium market, attributed to the high adoption of smart stadium solutions owing to a large number of stadiums across the region. The region has over 1,200 stadiums and has the highest number of professional sports teams and leagues. In 2018, Germany held the majority share in the Europe market.

Asia Pacific, on the other hand, is projected to grow at a considerable CAGR and is anticipated to account for 29.8% of the market revenue in 2025. The strong growth is attributed to the digitalization of sports, increasing penetration of internet and cloud technology, and the emergence of professional leagues in the region. Moreover, sports organizations, including Melbourne Cricket Association, New Zealand Cricket, and Sahara Force India, among others use advanced technologies for hosting tournaments. Singapore, Australia, Japan, India, and China are some of the countries focused on building new smart stadiums and renovating the existing stadiums with improved technology.

Some of the key players operating in the market are Cisco Systems, Inc.; Apple, Inc.; Telefonaktiebolaget LM Ericsson; Fujitsu Ltd.; Fitbit, Inc.; NXP Semiconductors; IBM Corporation; NEC Corporation; Johnson Controls; and Intel Corporation. The market is moderately consolidated owing to the existence of a few solution providers that account for the majority share of the market revenue.

Full Research Report On Smart Stadium Market Visit Here: https://www.grandviewresearch.com/industry-analysis/smart-stadium-market

Smart Stadium Market Report Highlights

• Software segment is expected to continue leading the smart stadium market over the forecast period owing to increasing focus on fan engagement by providing them better experience. The segment is expected to reach USD 12.97 billion by 2025
• On premise segment is estimated to dominate the market over the forecast period. The smart stadium comprises of a large number of cameras, digital signs, and sensors, connected to wireless and wired servers and networks
• Asia Pacific is estimated to expand at a significant CAGR of 23.5% over the forecast period. Emerging countries such as Japan, India, ASEAN, and Australia are swiftly adopting digital technologies in stadiums for enhancing the fan experience and increasing safety and security
• Prominent market players include IBM Corporation; Intel Corporation; NEC Corporation; Cisco Systems, Inc.; Telefonaktiebolaget LM Ericsson; among others

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Fiber Optic Preform Market Size Is Estimated To Reach $8.66 Billion by 2025

The global fiber optic preform market size is expected to reach USD 8.66 billion in 2025, registering a CAGR of 19.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Benefits associated with optical communication have encouraged intensive R&D into the fiber optics technology, which in turn has resulted in several innovations enabling the application of optical fibers in a myriad of industries other than telecommunications. These industries include healthcare, railway, defense and aerospace, and oil and gas. This factor is anticipated to bode well for the overall market growth in near future.

Growing adoption of optical fibers has resulted in a looming shortage of optical fiber preform. This, in turn, has culminated in a shortage of fiber, thereby triggering the price of telecom fiber. For example, telecom fiber price increased by more than 10% to 20% during 2017. The situation has prompted manufacturers of optical fiber preform to increase their production capacity. Several companies went on to announce projects to expand their existing preform facilities and to invest in new preform facilities at the beginning of 2017.

Several such capacity expansion projects are already underway in U.S., China, and India. Capacity expansion projects undertaken by prominent manufacturers, such as Corning Incorporated and Yangtze Optical Fibre and Cable Joint Stock Limited Company, are expected to help reduce the supply gap. These projects are expected to add up to 3,000 tons of preform capacity capable of supporting up to 55 to 90 million km of new fiber capacity.

China happens to be one of the largest consumers in the fiber optic preform market. In July 2018, government of China announced the continuation of anti-dumping duties on fiber optic preform originating in U.S. and Japan for a further 5-year period. The move is aimed at protecting the Chinese fiber optic preform companies and at encouraging the local manufacturers to invest more into R&D and production expansion.

Full Research Report On Fiber Optic Preform Market Visit Here: https://www.grandviewresearch.com/industry-analysis/fiber-optic-preform-market

Further key findings from the report suggest:

• More than 50% of optical fiber used for telecommunication applications is manufactured using VAD method
• Multi-mode fiber accounted for the largest market share in 2018. However, plastic optical fiber segment is expected to expand at the highest CAGR from 2019 to 2025
• China happens to be the world's largest fiber optic preform producer accounting for over 50% of global production
• Manufacturers invest aggressively in R&D initiatives. For instance, in October 2017, Rosendahl Nextrom opened a new preform R&D center in Vantaa, Finland. The facility would develop new technologies that can potentially augment the production performance
• The key players operating in the fiber optic prefrom market include Yangtze Optical Fibre and Cable Joint Stock Limited Company, Corning Incorporated. Sumitomo Electric Industries, Ltd. HENGTONG GROUP CO., LTD., and Shin-Etsu Chemical Co., Ltd, among others.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Growing Adoption Of Webcams For Video Conferencing, Visual Marketing And Entertainment Is Propelling The Webcam Market Growth

The global webcams market size is expected to reach USD 11.60 billion by 2027, expanding at a CAGR of 8.2% from 2020 to 2027, according to a new report by Grand View Research, Inc. Webcams can be connected to laptops and desktops for real-time recording at any given location. Growing need for security and surveillance systems to capture intruders, trespassers, and miscreants in commercial as well as residential premises is expected to drive the product demand over the forecast period.

These devices are widely being deployed in the corporate sector for video conferencing and telecommutingfor more accessible communication with counterparts at distant locations. Hence, key market participants are emphasizing on new model launches and technological advancements to cater to the demand for devices with higher recording, streaming, microphone, and zoom quality.

For instance, in December 2019, Logitech launched a 4K Ultra HD webcam for Mac Pro with RightLight 3 technology, enabling automatic adjustment of lightening conditions for better video quality. Moreover, emergence of advanced video cameras with the capability of connecting the entire conference of people to a single user is propelling market growth.

Furthermore, multiple attributes of webcam technology have extended its scope in the healthcare sector to assist the patients suffering from chronic diseases and emergency situations. These devices are highly being utilized for the telehealth consulting services as they provide simplified connectivity between patients and healthcare professionals through video conferencing on mobile devices or laptops.

Owing to the COVID-19 pandemic, governments of the profoundly affected countries have already announced national lockdowns and are mandating the public to maintain social distancing. Webcams are being used for communication and live virtual events due to in-home isolation worldwide for minimizing the social and economic impact of the outbreak. For instance, leaders of the G20 countries held a video conference summit for a discussion on preventive measures to be undertaken to reduce the impact of the current global pandemic.

Furthermore, governments are using Unmanned Aerial Vehicles (UAVs) for surveillance purposes as mobility restrictions are tightening worldwide owing to the COVID-19 pandemic. For instance, the State Police of Western Australia announced the deployment of drones for remotely monitoring recreational sites to ensure if people are following social distancing guidelines. In the light of the current scenario, market demand is expected to boost over the forecast period.

Full Research Report On Webcams Market Visit Here: https://www.grandviewresearch.com/industry-analysis/webcams-market

Webcam Market Report Highlights

• By technology, analog webcams accounted for over 60.0% share of the total revenue in 2019
• Based on distribution channel, e-commerce is expected to expand at the highest CAGR of 11.9% in terms of revenue from 2020 to 2027
• In 2019, North America accounted for the largest revenue share of over 35.0%
• Asia Pacific is expected to witness a significant increase in the product demand during the forecast period.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com