Nanorobotics Systems Market: Increasing Acceptance And Preferment Of Entrepreneurship

​Nanorobotics is an evolving technology arena that creates robots or machines which have components near to the scale of a nanometre (10−9 meters). Nanorobotics denotes the nanotechnology engineering discipline of planning, designing, and building nanorobots, primarily from molecular components. Nanorobotics is an attractive new field, especially in medicine, which focuses on directed drug delivery using nanoscale molecular machines. These nanobots carry a load with the drug and they are capable of identifying specific categories of cancer cells among billions of healthy cells by using biomarkers. The nanobots then disentangle on contact with the target cells and release the drug, thereby destroying the transmuted cells.

Some of the major drivers of micro- and nanorobots are initiatives undertaken by universities and governments to encourage investments in this sector, the increasing acceptance and preferment of entrepreneurship, and technological advancements in the field. All these factors are poised to fuel the growth of the nanorobotics systems market during the forecast period. Moreover, the increased demand for miniaturization coupled with high demand for automation across sectors has driven the overall nanorobotics systems market. Countries such as the U.S., Japan, and the U.K. hold majority share in this market. This is due to factors such as advancement in technology, availability of high end infrastructure, and high capital disbursement into development of new and developed nanorobotics systems.

High manufacturing cost as well as challenges related to miniaturization are some of the major restraints faced by the industry. However, emergence of mind-controlled nanorobots and development of swarm intelligence is expected to give a positive push to the global nanorobotics systems market. Moreover, growing health related issues, higher acceptance of automated medical devices, and advancements in features of nanorobotics systems will lead to higher growth of the global market.

The global nanorobotics market can be divide into five regions. They are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America held a considerable market share and is expected to be the market leader over the forecast period. One of the foremost factors for the region’s growth is the growing backing of nanorobotics from the Defense Advanced Research Projects Agency (DARPA) and National Science Foundation (NSF). Growing adoption of nanotechnology coupled with high expenditure on healthcare will foster the growth in this region in the future. Asia Pacific is projected to grow at the maximum rate during the forecast period. Rise in disposable income, and significant growth of aging population will fuel the growth of the nanorobotics systems market in the region. Additionally, a number of companies are looking to tap into this growing market; therefore, they are investing heavily in this region, which is poised to further propel the growth of this market.

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The nanorobotics systems market is extremely disjointed due to the existence of many vendors. As the market is highly capital-intensive, market players are shifting toward mergers and acquisitions, to minimize cost and leverage on technological advancements. This has resulted in reduced cost for single players. Various sellers are concentrating on incorporating the best supplementary tools to increase the instrument performance.

Some of the key players in the market are Bruker (Massachusetts, U.S.), JEOL Ltd. (Tokyo, Japan), Agilent Technologies (California, U.S), FEI Company (Oregon, U.S.), and EV Group (St. Florian am Inn, Austria). Other prominent dealers in the market include Park Systems Corporation (Suwon, South Korea), Anasys Instruments (California, U.S.), AIXTRON SE (Herzogenrath, Germany), Asylum Research (California, U.S.), NT-MDT (Moscow, Russia), Novascan Technologies (Iowa, U.S), Cavendish Kinetics Inc. (California, U.S), JPK Instruments (Berlin, Germany), Nanonics Imaging Ltd. (Jerusalem, Israel), Angstrom Advanced Inc. (Massachusetts, U.S.), Nanosurf AG (Liestal, Switzerland), and WiTec GmbH (Ulm, Germany).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Zigbee Market: Standard 802.15.4 Is A Radio Protocol

​ZigBee is a wireless technology that helps to establish device to device communication or machine to machine communication. ZigBee works on 802.15.4 physical radio specification of approved by (Institute of Electrical and Electronics Engineers) in various unsanctioned bands such as 2.4 GHz, 868 MHz and 900 MHz. Standard 802.15.4 is a radio protocol that helps in communicating devices within a specific range of network configurations and is specially used for battery operated and low-cost devices. ZigBee enabled devices have a long operating life and consume very low power. ZigBee enabled device is predicted to experience a lot of traction and exponential growth rate during the forecast period owing to its increasing demand in home automation.

For the purpose of providing detailed analysis of the market, the global ZigBee enabled device market can be segmented on the basis of product type, end user and geography. Based on product type the market has been classified into set top box (STB), smart meters, remote controls, connected bulbs and smart thermostat among others. Zigbee enabled devices are also used across various end user segments including commercial sector and residential sector. The commercial sector can be further bifurcated into educational institute, office and industry among others. The report also provides cross sectional analysis of various product type and end user segment across different regions including Europe, North America, Asia Pacific, Latin America and Middle-East and Africa (MEA). The report also covers the current market scenario along with various growth prospects that are anticipated to effect the demand of ZigBee enabled devices during the forecast period from 2017 to 2025.

Rising inclination towards smart home across the globe is the primary factor predicted to boost the demand of ZigBee enabled devices in the coming years. The anticipated rapid growth of the smart home market in different parts of the world is predicted to trigger the demand of smart consumer electronic devices and gadgets that remain connected to the common home network. This in turn is expected to affect the demand of ZigBee enabled devices owing to its competitive over other wireless network such as WiFi, Z-Wave or oceania in terms of overall operating cost and availability. In addition, one ZigBee enabled device has the ability to connect to number of devices in a smart home which is expected foster its demand in the coming eight years. Moreover, increasing number of ZigBee alliances is also predicted to augment the market growth of ZigBee enabled devices during the forecast period from 2017 to 2025. The rapidly growing IoT (Internet of Thing) market globally is encouraging different industries to participate in the ZigBee alliance that provides global wireless standards. This alliance supports the member companies to to manufacture different products having compatibility of ZigBee certified products. In 2016, the alliance consist of more than 400 members and is working together to innovate a simple and user friendly ZigBee enabled products and standards that can be used in various commercial, residential and industrial applications. The number of alliances is anticipated to increase in the coming years with the rising popularity of ZigBee technology over other technologies.

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However, short range network and low data transfer speed is one of the major factors limiting many smart home consumers to adopt Zigbee enabled devices in their home. In addition high replacement cost of ZigBee enabled appliances is also expected to deter the demand of ZigBee enabled devices in the coming years.

Based on product type, the global market of ZigBee enabled devices is majorly driven by the connected bulb segment during the forecast period. Connected bulbs saves energy and can be easily connected with other smart devices. The market of connected bulbs is anticipated to exhibit the fastest growth rate in the coming years owing to factors such as global warming and rapid exhaustion of non-renewable energy sources. These factors trigger the need of energy conservation and in turn are predicted to increase the adoption rate of these bulbs during the forecast period.

Geographically, due to high presence of the smart home in North America, this region held the largest market share of the ZigBee enabled device market across various regions in 2016. The ZigBee enabled device market of North America is followed by Europe. However, Asia Pacific region is at the nascent stage and is predicted to experience a promising growth owing to the growing demand for wireless technology devices that consumes less power.

The global Market of ZigBee enabled devices is highly competitive and fragmented in nature with the presence of large number of market players. Some of the major players operating in the ZigBee enabled device market include Atmel (U.S), NXP Semiconductors (Netherlands) and STMicroelectronics (Switzerland) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Nfc Chips Market Consumer Electronics Segment Has Been Leading This Market

​A new research study by Transparency Market Research states that the NFC Chips Market is extremely concentrated in nature. With a share of 55%, NXP Semiconductor emerged as the clear leader of this market in 2015 and is expected to retain its position over the next few years.

Other prominent players in this market are Broadcom Corp., STMicroelectronics, Qualcomm Inc., Texas Instrument, and AMS AG. These enterprises are being actively involved in mergers, acquisitions, and partnerships, which is likely to increase the competition within the market in the near future, states the research report.

As per TMR’s estimations, the opportunity the global market for NFC chips is projected to expand at a CAGR of 26.0% over the period from 2016 to 2024, proliferating from a value of US$1.35 bn in 2015 to US$10.62 bn by the end of the forecast period. The smartphone segment has emerged as the market leader and is expected to retain this position throughout the period of the forecast, thanks to the increased uptake of communication technologies.

Demand for NFC Chips to Increase in Consumer Electronics

According to the research study, the consumer electronics, automotive, retail, medical, and the aviation industries are the prime end users of NFC chips across the world. The consumer electronics segment has been leading this market and is anticipated to remain doing so over the forecast period, thanks to the increasing interest of consumers for luxury goods, fueled by the rise in their disposable income. The retail and the aviation industries are also expected to register a significant rise in the uptake of NFC chips, owing to the augmenting demand for NFC-enabled PoS terminals across the world.

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Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe have been considered as the key regional markets for NFC chips across the world. North America, among these, led the overall market in 2015 with a share of more than 34% on the ground of the partnerships between leading banks and enterprises that tokenize card using NFC chips and the introduction of various NFC modes. Asia Pacific, however, is all set to take the reign from North America by the end of the forecast period, rising at a CAGR of 27.90%. The increasing number of smartphone users is projected to propel the Asia Pacific NFC chips market in the years to come, notes the research study.

NFC Chips Find Widespread Usage in Consumer Goods

“The increasing application of NFC chips in consumer electronics is the key factor behind the growth of the global NFC chips market,” says an analyst at TMR. As NFC chips simplify user interfaces, thereby enhancing their applicability, their usage in consumer goods has surged significantly. Smartphone vendors have begun to install NFC chips in their handsets, which is also adding to the growth of this market considerably.

Although the future of this market looks bright, the complexity in product designs and the dearth of awareness among consumers are expected to limit the uptake of NFC chips, which may create hindrances for this market in the next few years, states the research report.

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Gesture Recognition Market Technologies And Solutions In The Future Years

gesture recognition technologies is booming with technological advancements and sweeping investments from technology giants such as Apple Inc., Google Inc., Intel Corporation, and Microsoft Corporation. Rising sales of consumer electronic devices with gesture recognition capabilities are will persuade optoelectronic components companies in undertaking extensive research and strengthening their market presence through new research centers and sales offices, states a recent report by Transparency Market Research. The high influx of new vendors in the already fragmented market will intensify competition, prompting companies to differentiate their offering through innovative gesture recognition technologies and solutions in the future years.

There has been a sizeable rise in the global sales of camera-enabled consumer electronic devices, such as smartphones, tablet computers, and wearable devices with gesture recognition capabilities based on 2D images captures by the device’s camera. Gesture recognition technologies enabling touchless interaction in camera-enabled consumer electronic products, such as face recognition in smartphone cameras, have also witnessed vast appreciation on the consumer front.

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In the highly competitive consumer electronics industry, inclusion of gesture recognition technology can help companies gain an edge over competitors. The increased realization of this trend has compelled companies such as Sony and Lenovo to integrate gesture recognition technologies in their new product ranges.

Rising Applications of Gesture Recognition in Industrial Settings to Fare Well for Market

The market for gesture recognition is also expected to witness major traction from the rising adoption of gesture recognition applications as an alternative to touch-based controls in industrial settings. The increasingly complex machineries and operations in the present day technologically advanced industrial setups present many challenges to manual operations and call for innovative ways of managing machines from a distance. This factor is driving the increased adoption of gesture recognition technologies in factory automation systems and is expected to have a major impact on the short and long term development of the market.

The automobile industry is also expected to have a major impact on the gesture recognition market as automobile companies are increasingly adopting gesture recognition technologies in their vehicles. Following on from the touch and voice controls already available in existing multimedia systems used in vehicles, companies are experimenting with controls that are activated by simply moving a hand over the central console. Serving the dual purpose of ensuring onboard safety and upping the technology quotient of automobiles, gesture recognition technologies will soon be a common element of a major proportion of new-generation vehicles in the near future.

Intensive Investments and Research to Enable North America to Maintain Leading Stance

Home to some of the leading technology and optoelectronics companies in the globe, North America has led to the most lucrative growth opportunities for the global gesture recognition market in the past years. In 2015, North America accounted for a dominant 35.1% of the global market. The market is progressing in specialty application segments such as smart homes, industry automation, consumer electronics, automobiles, and aerospace and defense.

Europe, the second largest market for gesture recognition in 2015, accounted for a share of 30.04% in the global market. Asia Pacific closely followed with nearly 26% share in the global market in the same year. With the rising consumer base of interactive electronic devices such as smartphones and gaming consoles, Asia Pacific will present manifold growth opportunities for the global gesture recognition market from 2016-2024.

Over the said period, the global gesture recognition market is projected to exhibit an excellent 16.2% CAGR. The market, which valued US$11.60 bn in 2015, holds an opportunity worth US$48.56 bn by 2024.

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Body Sensor Market Measure Physiological Attributes In Humans And Relay The Information

​As per the findings of a new intelligence study by Transparency Market Research (TMR), the prospects of global body sensor market remain positive, with demand projected to increase at an impressive CAGR during 2017 to 2022. Body sensors are wearables that can constantly track or measure physiological attributes in humans and relay the information on smartphones and other electronic devices. With the ubiquity of smartphones, the growth in the global body sensor market is augmenting quickly, especially in the developed regions as well as among the urban populations in emerging economies.

Some of the key factors driving the demand in the global body sensor market are: rapidly increasing percentage of geriatrics in the world’s population who need real-time caring and monitoring, growing fitness awareness among the high-income customers, proven usefulness of body sensors in professional sports leagues, growing use of body sensors in clinical trials, added comfort with fabric-based sensors, and the development of smart textiles as mobile user interface. On the other hand, lack of proper supply chain and distribution channel, adequate procedures for data security, and limitations pertaining to body sensor wearability are some of the obstructions faced by the global body sensor market.

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Based on sensor type, the global body sensor market is segmented into EEG, visual sensor, respiration sensor, ECG, blood pressure sensor, temperature sensor, and EMG sensor. Application-wise, the market for body sensor has been segmented into healthcare, defense, man-machine interface and sports body sensor, whereas on the basis of placement type, the market is categorized into wearable and implantable. Geographically, the report takes stock of the potential of body sensor market in the regions of North America, Latin America, Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa, and Japan.

The key highlights from Transparency Market Research’s report on the global body sensor market include,

  • North America is the most profitable region, with demand for body sensor expected to grow at an impressive CAGR of 16.7% during the forecast period of 2017 to 2022. On back of strong demand from the U.S., body sensor market in North America is estimated to be worth US$100.9 mn by 2022.
  • Europe is foreseen as the second most lucrative region, exhibiting a CAGR of 16.7% during the said forecast period, and generating absolute dollar opportunities worth US$45.7 mn from 2017 to 2022. Japan and China are among the profitable country-wide markets in Asia Pacific.
  • Temperature sensor is the leading sensor type segment, representing 18.5% of the overall revenue share in 2017. By 2022, the demand for temperature sensors will grow at a CAGR of 21.9%, to reach a valuation of US$62.0 mn by 2022.

Some of the prominent companies currently operating in the global body sensor market are Apple Inc., Koninklijke Philips N.V., Abbott Laboratories, Texas Instruments Incorporated, NXP Semiconductors NV, STMicroelectronics NV, Analog Devices, Inc., Garmin Ltd., Broadcom Ltd., and Fitbit, Inc.

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Commercial Drones Market Will Reach Us$8.89 Bn

​The global market for commercial drones is highly consolidated as the two leading players, namely Parrot S.A. and DJI cumulatively accounted for over 75% of the overall market in the year 2016. Among these, DJI held the lead on the back of its large global network and product innovations. Transparency Market Research (TMR) has observed that various companies operating in this market are constantly improving the technological aspects of their products to provide highly functional drones to their consumers. Other prominent players include Northrop Grumman Corporation, Draganfly, Denel SOC Ltd., and Aurora Flight. These players are focusing on improving landing capabilities and high image capturing abilities of drones.

Transparency Market Research has estimated that the market value of the global commercial drones market will reach US$8.89 bn by the end of 2025 from its valuation of US$2.8 bn in 2016. The market is anticipated to expand at an impressive CAGR of 13.8% for the forecast period 2015-2023.

Based on type, the global commercial drones market can be segmented into hybrid, fixed wing, single rotor, multi-rotor, and others. Among these, the multi-rotor segment contributed the major share, accounting over 33.2% in 2016 in the overall market. Regionally, the global market is segmented into the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America. Of these, the North America market held the leading share in the market contributing 35% to the global market in 2016.

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Integration of AR and VR offers Significant Growth Opportunities

The increasing use of commercial drones in surveillance applications, precision agriculture, and aerial photography is enabling growth in the global commercial drones market. Videos and images captured by advanced drones provide high resolution and enhanced image quality, which is increasing their applications across various industries. Furthermore, with technological advancements high image and video format supporting TV and smartphones have come into emergence. Consumers of these devices demand high quality pictures, which can be captured by drones. This demand for high quality images are motivating players to manufacture drones with capabilities of recording high quality videos and images, with improved handling properties. The increasing competition and numerous products available are expected to reduce the product costs, further helping the market to expand.

Furthermore, the integration of augmented realty (AR) and virtual reality (VR) into commercial drones is offering various opportunities for the market growth. Companies are reducing human errors pertained to site design and area inspection. These are also being used for various educational purposes, to find data of unreachable natural sites. Countries such as the U.S., are expected to augment the usage of drones in various fields such as defense, industrial, and infrastructure.

Increasing Privacy Concerns Could Impede Market Growth

The rising number of flying drones is raising privacy concerns among many consumers. The drones can capture private activities, this has restricted the use of drones at several areas. Governments are regulating various rules for the usage of drones. Furthermore, the increasing number of spying by drones are motivating various regulatory bodies to implement strict laws against the unauthorized usage of these flying machines. These factors could impede the market growth. Nonetheless, the rising adoption of drones in developing countries is most likely to assist the market sustain its growth. During the forecast period, applications of drones for transportation and delivery are expected to fuel the market growth. They are most likely to be used for delivering small packages and couriers such as beverages, medicines, letters, and pizzas over short distances.

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Smart Transportation Market Asia Pacific Is Expected To Be Fastest Growing Region

​Smart Transportation Market uses information technology and artificial intelligence to efficiently manage and coordinate transportation systems. The application of smart transportation network allows the travelling population to have better knowledge of the traffic for better coordination. In addition, the use of smart transportation also ensures safety for the drivers. The market is experiencing growth due to their increasing demand across all geographic locations.

The global smart transportation market is expected to grow significantly during the forecast period. The market is primarily being driven due to the rising demand for efficient transportation networks across the globe. In addition, the growth in sale of automobiles is resulting in traffic congestion. This in return is creating the demand for smart transportation market. Furthermore, the application of smart transportation systems ensures safety of the drivers. The rising awareness for safety is ensuring the need for better road safety standards which fuelling the need for smart transportation systems. Various governments such as the UK government have shown their interest to implement smart transportation networks across their countries. Moreover, the emerging idea of building smart cities is also creating an opportunity for the smart transportation market. In addition, the application of smart transportation also ensures better parking management by coordinating with the drivers and helping them to easily locate the parking spaces.

However, the high installation cost is acting as a restraint for the market. Moreover the use of smart transportation requires a large database of road networks which may not be available with the developing nations. This is acting as a restraint for the market. Currently, Europe has the largest market share in the smart transportation market and Asia Pacific is expected to be fastest growing region during the forecast period. By solutions, traffic management is expected to dominate the market during the forecast period. The reason is attributed to the growing traffic congestion which is aiding to demand for smart tolling systems and freight management services. By services, the cloud based services will be dominating the market during the forecast period.

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The global smart transportation market report has been analyzed and estimated in terms of revenue (USD Billion) from 2015 to 2021. In addition, we have covered the drivers and the restrains effecting smart transportation and its impact over the forecast period. Furthermore, the future opportunities affecting the market have also been discussed.

The region segmentation for the smart transportation market has been done by North America, Europe, Asia Pacific and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). In addition, the report segments the market based on the solutions, which include ticketing management systems, parking management systems, integrated supervisory systems and traffic management systems. The smart transportation system can also be segmented by services. It segments the market on the basis of services as cloud services, business services and professional services. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).

For better understanding of the smart transportation , we have provided with a key trend analysis for the segments. In addition, the market attractiveness has also been provided to give a better understanding of the various segments globally. Furthermore, the global market share of the key industry players has also been discussed for a better study of the current trends in the market.

Furthermore, the report also provides the profiles of the leading players on the basis of their company overview, financial overview, key developments, historical roadmap and business strategies adopted by the players in the smart transportation .