Automotive Lighting Market to Cross US$46,372.7 mn by 2025

Competition is expected to be stiff within the Global Automotive Lighting Market, as per new research report on this Market by transparency market research TMR. There are several companies present in the market making it fragmented. Each player in the market is trying to game consumers and market share by implementing advanced technology and bringing about innovation. Players within the market are competing with each other on the basis of product differentiation and cost. Names of the leading players operating within the Global Automotive Lighting Market are ICHIKOH INDUSTRIES LTD, Hella KGaA Hueck & Co, General Electric Co., Magneti Marelli S.p.A, Hyundai Mobis, Royal Phillips Electronics, SAMSUNG ELECTRONICS Co., Ltd, Zizala Lichtsysteme GmbH, Koito Manufacturing Co., LTD, OSRAM Licht Group, and VALEO

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According to TMR, the global automotive lighting market is likely to reach US$46,372.7 mn by the end of 2025, rising from US$28,250.5 mn in 2016, showcasing a healthy CAGR of 5.7% between 2017 and 2025. On the basis of geography, 46% of the total market was accounted for, by Asia-Pacific in 2016. In terms of demand, the front lighting segment is leading.

Flourishing Automobile Industry Positively Impacting Demand for Automotive Lighting

According to the report, the global market for automotive lighting is witnessing a growth on account of the expanding automotive sector. In order for a vehicle to drive along the roads during dark, lighting is crucial and this will create a continuous demand for automotive lighting. Apart from improving the visibility in darkness, Automotive bad weather conditions. moreover Automotive lighting mix the vehicle more evident on the road by other vehicles in which helps in preventing accidents.

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Global Industrial Laser Market: Fiber Laser Product to Witness Maximum Demand

The global industrial laser market features the presence of several large companies that renders a competitive vendor landscape, states Transparency Market Research (TMR) in a new report. Top companies are vying to enter into partnerships with smaller ones to expand their product offerings and tap into growth opportunities in local markets.

Some key companies operating in the global industrial laser market are TRUMPF, Coherent, Hypertharm Inc., Apollo Instruments, Amonics Ltd., IPG Photonics, Clark MXR, Calmar Laser Inc., 3 SP Technologies S.A.S., and Han’s Laser Technology

As per the TMR report, the global industrial laser market is predicted to expand at a moderate 4.6% CAGR between 2017 and 2026. In terms of product type, the key segments into which the industrial laser market is classified are CO2 lasers, solid state lasers, fiber lasers, and others. Out of these, the fiber laser product segment is the most attractive one worth US$900 mn. However, the others product type segment is anticipated to witness faster growth rate over the forecast period through 2026. By end-use, the industrial laser market is segmented into medical defense, construction, electronics, aeronautics & marine, automotive, utility and other verticals. In terms of application, the industrial laser market is classified into micromaterials, marking, and macromaterials.

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Widespread Use across Industries Boosts Growth

Owing to a number of micro-economic and macro-economic factors, the global industrial laser market is set to tread a growth path, says the author of the study. Surging demand for processing manufacturing materials across industries continues to be a key growth driver of the industrial laser market. Heat treatment, cutting, welding, drilling, and marking are some industrial processes that require industrial laser. Industrial lasers continued to be used substantially for welding manufacturing materials and for heat treatment of surfaces for the purpose of transformational hardening mainly in automotive and electronic industry.

Due to benefits of precise cutting and low contamination levels, laser cutting technology finds widespread applications. Laser cutting enables manufacture of tools that enable precise cutting of steel and aluminum sheets for various end-use. Attributes of low contamination levels of laser cutting technology also contributes to the growth of industrial laser market.

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Furthermore, integrating industrial lasers with advanced technological features such as GPS technology and sensors is likely to boost their sale for application in various industries. Industrial lasers offer features for data collection in various end-use industries such as mining, telecommunications, forestry, construction, and natural resource management.

The Global Smart Pole Market to Grow Due To Rise in Smart City Projects

The global smart pole market is anticipated to rise the demand for the global smart poles market. Government of various countries are trying to transform the public street lights digitally. Various organization in this market are trying to improve the technology used in street lights by investing on research and development. These organizations are trying to add various multifunctional features which is going to produce product differentiation and help in creating brand name. The manufactures in order to provide better connectivity are using the 4G LTE in the smart pole. Some of the major global smart pole market are Telensa Limited, Lumca, Inc, Philips Lighting Holding B.v, Maven Systems Pvt. Ltd, shangai Sansi technology Co., Sunna Design, Acuit brands Lightin., and Neptune Light, Inc,

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In terms of revenue, the sensor segment is anticipated to experience an exponential growth, accounting for more than US$1000 mn by the end of the forecast period. Sensor segment is also expected witness a relatively high CAGR in the market. This is because installation of sensors on every smart pole has become important in order to monitor traffic and avoid accidents. North America is expected to remain as the leading region in the global smart pole market. Increase in adoption of smart pole systems for development and innovative structures is promoting the growth of the market in the region.

The global smart pole market is envisaged to grow at 13.7% of CAGR by the end of the forecast period. During this period the market is anticipated to be worth at US$ 10000 mn.

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Rising Concern Regarding Traffic and Road Accidents Promotes the Growth of Market

Installation of smart video cameras and sensors in order to avoid accidents and monitor traffic, is driving the global market for smart pole exponentially. In order to build smart cities, government of various countries have found installing the smart pole to be the stepping stone. Smart poles are proved to avoid congestion and maintain a smooth flowing traffic. This has made its demand higher among cities which face tough time in controlling a traffic. Smart poles are expected to witness a surge in their demand as it equipped with internet connectivity, thus making it easy for tourist to explore more. Power socket for charging phones is one of the subsidiary factor which is going to benefit the growth of the market. Apart from these factors, government of various countries are trying to expand the smart city projects towards rural areas, thus increasing the opportunities for the players in the global smart pole market. Such projects in rural areas are expected to make people stay updated. Setting up of smart poles is also anticipated to rise the growth of the various other industries.

Global Digital Voice Recorder Market Predicted to Rise at 11.50% CAGR between 2017 and 2022

With the presence of a copious number of companies, the global market for digital voice recorder is fragmented with intense competition. In this scenario, top companies are aggressively engaged in technological advancements to serve ever-changing consumer demand, for which they are investing heavily in this market. In the years ahead, these players are likely to concentrate on regional expansion, for which they might resort to business alliances with regional players.

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Key companies operating in the digital voice recorder market include Sony Corp., Hyundai Digital Tech Co Ltd., Zoom Corp., Panasonic Corp., Olympus Corp., Leap Investment Ltd., Zoom Corp., Royal Philips NV, Shenzhen Hnsat Industrial Co. Ltd., and Noel Leeming Group Ltd.

As per a research report by Transparency Market Research (TMR), the global digital voice recorder market is likely to be valued at US$1.91 bn by 2022 from US$1.15 bn in 2017. This rise alludes to 11.50% CAGR over the 2017-2022 forecast period. By component of the recorder, Bluetooth, USB, infrared, and SD card are the segments into which this market is classified. The USB segment, among these, is currently displays the leading demand and is likely to continue to remain at the lead over the forecast period, rising at a CAGR of 11.30% CAGR between 2017 and 2022.

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In terms of type of battery, AA, AAA, lithium ion, and rechargeable are the segments into which the digital voice recorder market is divided. By end user, residential and commercial are the segments of the digital voice recorder market. Geography-wise, North America currently accounts for maximum share in the global digital voice recorder market; the segment is predicted to stay at the fore rising at a CAGR of 14.50% between 2017 and 2022. The region being home to some leading vendors accounts for growth of North America digital voice recorders market. Factors such as ever-increasing demand for high quality products and swift uptake of technologically advanced devices in security and investigation practices realms are anticipated to drive the market in the upcoming years.

Global E-scrap and Printed Circuit Board (PCB) E-scrap Market to be driven by Rising Focus on Recovery of Precious Metals from E-wast

The global e-scrap and printed circuit board (PCB) e-scrap market features a diversified and highly fragmented vendor landscape, with players focusing on rising growth opportunities across emerging economies, observes Transparency Market Research in a recent report. Rising numbers of stringent regulations pertaining to the proper management and disposal of e-waste in emerging economies are compelling companies to expanding across regions such as Asia Pacific and Latin America through mergers and acquisitions.

Some of the leading companies operating in the global e-scrap and printed circuit board (PCB) e-scrap market are Umicore N.V., LS-Nikko Copper Inc., Boliden Group, Dowa Holdings Co. Ltd., and Ultromext Ltd.

According to the report, the global printed circuit board (PCB) e-scrap market will expand at an impressive 7.3% CAGR from 2016 to 2026. At this pace, the market is expected to rise to a potential of 3.14 mn tons by 2026. Over the same period, the market for e-scrap is expected to clock in a CAGR of 5.6%.

Household Appliances to Continue to Remain Key Source of e-scrap and PCB e-scrap

Of the key sources of e-scrap and PCB e-scrap, the segment of household appliances presently accounts for the dominant share of the total volume acquired by the overall market. The segment is also expected to remain the key contributor of e-scrap and PCB e-scrap over the next few years owing to the rising usage of complex electronics devices such as smartphones, laptops, tablets, and a variety of connected devices.

From a geographical perspective, the market in Asia Pacific is presently the most promising and lucrative regional market for e-scrap and PCB e-scrap. The thriving consumer electronics industry and the rising regulations pertaining to the proper disposal of e-waste and the increased demand for copper and other metals in the fields of telecommunication and construction in the region are the key factors attributed to its dominance. The regional market is expected to rise to a revenue valuation of US$33.5 bn by 2026.

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Increased Numbers of Regulations Mandating Proper Management of E-waste to Drive Market

Some of the key factors working in favor of the global e-scrap and PCB e-scrap market are the rising volumes of e-waste across the globe and the increased demand for effective technologies and systems for the efficient recycling, management, or disposal of such waste. The massive rise in uptake of consumer electronics across a number of regional market and the consecutive rise in their disposal, as the increasingly affluent middle-class population globally prefers new and advanced variants of these products, is also expected to drive the market.

The increased demand for the recovery of precious metals from disposed electronic devices across a number of economies has also accentuated the need for e-scrap recycling across the globe. Moreover, the focus of economies on the recovery of precious metals as an important part of efficient resource management practices in a number of countries has led to a significant rise in proper e-waste recycling facilities globally, thus driving the market.

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Global Industrial Agitator Market : Widespread Application across Various Industries Drives Growth, finds TMR

EKATO GROUP, Sulzer Ltd., Philadelphia Mixing Solutions, Ltd., Chemineer Inc., Xylem, Inc., Tacmina Corporation, Mixel Agitators, Dynamix Agitators Inc., Silverson Machines, Inc., and SPX Flow Inc. are to name a few prominent names operating in the global industrial agitator market.

The global industrial agitator market, so far, has grown at a steady pace. In 2016, the market was valued at US$2.245 bn. Rising at a steady 5.7% CAGR during the period between 2017 and 2025, the market is slated to attain a value of US$3.647 bn by 2025 from US$2.245 bn in 2016, finds a report by Transparency Market Research.

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Easy Access to Serviceable Parts Accorded by Top Entry Industrial Agitator Makes it Key Segment

The different types of industrial agitators available in the market are side entry, top entry, bottom entry, static, and portable. Of them, the top entry industrial agitator grossed maximum revenue in 2016. The segment is expected to maintain its dominant position in the near future too.

This is because the top entry industrial agitator caters to most of the requirements of mixing and homogenization of customers and also have a long service life.

Apart from that, other unique perceived benefits of top entry agitators are that they can be used on either open or close tanks. The shaft is vertical with one or more impellers. Top entry agitators are mostly being installed from the top of the tank, which enables easy access to serviceable parts. This in turn, helps to avoid direct contact with effluent and sludge, which is an obvious safety and health benefit. In addition, top entry industrial agitators find application in manufacturing and process industries such as oil and petrochemical, chemical, and gas.

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Geographically, the key segments of the global industrial agitators market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In terms of growth rate, Asia Pacific will likely outshine all other regions because of the high degree of pollution, acute water shortage, key regulatory change, and swift pace of urbanization and industrialization. The region is predicted to clock a CAGR of 6.2% during the period between 2017 and 2025. China and India are main engines of growth in the region.

Automatic Number Plate Recognition Market- Key Players are Bosch Security Systems, Inc., ELSAG North America LLC, ARH, Inc.

The global automatic number plate recognition (ANPR) market is characterized by a fairly fragmented vendor landscape, finds Transparency Market Research (TMR). Various players are increasingly focusing on introducing ANPR technologies and developing integrated systems to get a better foothold in the market. Several of these players are likely to focus on innovative optical character recognition techniques and image processing technology, in order to develop innovative products. TMR expects that the ANPR engine manufacturing segment to witness a markedly high level of competition. Furthermore, the global market features a remarkable rivalry between system integrators and component manufacturers. To get over mounting competitive pressure, a number of players are shifting their attention to countries such as Malaysia, India, China, and Philippines as part of their expansion strategy.

Top players operating in the global automatic number plate recognition market include Viion Systems Inc., Siemens AG, Genetec, Inc., Vigilant Solutions, Q-Free ASA, Vaxtor Technologies, Bosch Security Systems, Inc., ELSAG North America LLC, ARH, Inc., Digital Recognition Systems, Ltd., and NDI Recognition Systems LLC.

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The global automatic number plate recognition market stood at US$2013.5 million in 2016 and is projected to rise at a promising CAGR of 11.1% from 2017 to 2025. Expanding at this pace, the market will touch a valuation of US$4674.0 million by the end of forecast period.

The various end users of ANPR are government and commercial, of which the former is sub-segmented into mainly homeland security, traffic department, and defense. Of the two, the government sector currently leads and held a major share of 70% of the global market in 2016. The proliferating demand for ANPR technologies in various government sectors account for its dominance. Geographically, Europe holds the sway and held a major share of 35.0% in the global market in 2016. The dominance of the regional market can be attributed to an extensive uptake of ANPR systems for effective traffic management.

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Vast Deployment of Technology for Security and Surveillance by Government Sector Accentuate Growth

The drive for automatic number plate recognition technology and systems stems from the need for an efficient and automatic vehicle identification system based on its number plate. The substantial benefits of ANPR in the area of security and surveillance, parking management, toll enforcement, and traffic enforcement is a notable factor accentuating the market. The adoption of such automatic technologies for keeping a strict vigil on illegal activities by the transport departments of various countries is propelling the growth of the ANPR market.

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