Window Automation Market in electric applications to cross $4.5bn by 2024

​The technology research report “Window Automation Market Size By Product (Electric, Mechanical, Hybrid), By Component (Sensors & Detectors, Motors & Actuators, Control Panels, Switches, Accessories), By Application (Residential, Commercial [Retail, Airports, Education, Healthcare, Hospitality, Public Transit Systems], Industrial), By End-Use (Façade Builders, Profile Houses, Window Manufacturers, Contractors), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Switzerland, Norway, Denmark, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Window Automation Market to exceed USD 8 billion by 2024.

Window automation market is expected to grow over the forecast timespan due to the increasing energy savings and reduced operational costs with the implementation of these systems. Automated windows can control & detect air and light requirements and adjust their operations accordingly, thus saving energy considerably. Furthermore, climate control using natural ventilation requires expensive mechanical controls such as in air conditioners.

The performance of windows is based on the SGHC rating that defines the amount of solar energy striking the window and the U-factor that defines the rate of heat transfer per unit and the unit temperature difference. Automated systems with low U-factor provide significant annual energy savings in the residential sector, thus propelling the window automation market growth. For instance, switching to these solutions in the U.S. can help households reduce the energy bill to approximately USD 150 in warm climates and to USD 277 in cold climates.

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Growing trend of solar-powered systems is expected to propel the window automation market growth. The increasing use of solar-powered battery-operated systems provides environmentally-friendly alternatives to these solutions. Furthermore, solar-powered systems reduce the complexities pertaining to wiring and are easy to install. These also can be fitted with additional functionalities such as rain sensors, propelling the demand for solar-powered systems.

Lack of awareness and non-compliance with regulatory standards are expected to hinder the window automation market growth. Most of the buildings stick to the retrofit mechanical and electrically-operated systems. Also, the high costs of implementation of these systems in old buildings are discouraging the building managers to comply with the standards pertaining to the implementation of these systems.

The mechanical window automation market is anticipated to grow at a above 6.5% growth from 2018 to 2024 due to its widespread use in the retail sector and warehouses. These are typically used in applications where windows are hard to reach and at high levels. These are also widely used in applications such as government buildings and schools, where electrical systems are risky and costly to implement.

With the advent of advanced technology, the window automation market is characterized by increasing demand for sensors and detectors which expected to be valued over USD 950 million by 2024. Increased requirements for safety and security are propelling the manufacturers to implement sensors for the detection of intruders and smoke & harmful gases. Furthermore, these components are used in residential applications to keep a check on pollutants such as pollen, soot, and dust. The integration of these components with sensors that perform advanced features, such as rain detection, is expected to propel the demand for these components.

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The industrial window automation market was approximately USD 540 million in 2017. The increasing use in manufacturing facilities, cold storages, warehouses, showrooms, and data centers is expected to fuel the demand for these solutions over the future. Growing need for comfort, efficiency, and low energy consumption will drive the demand in industrial applications. Furthermore, the installation of these systems is very common in chemicals & pharmaceutical sectors due to the increasing need for ventilation.

India window automation market is expected to witness significant growth nearly 7% from 2018 to 2024 due to increasing infrastructural projects and implementation of advanced technologies in these projects. The government is undertaking several projects such as Digital India and smart cities that focus on implementation of technology. Increasing awareness regarding technology and rising disposable income of the people that encourage them to implement these solutions will increase the demand for these solutions.

Key players in the window automation market include Kintrol, Insteon, Geze GmbH, Aumuller, Ultraflex Group, and Vent Engineering. The manufacturers are focused on developing customized solutions catering to specific industry requirements. These companies are heavily investing in R&D to develop solutions that can be integrated with smart homes.

Window automation market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Window Automation Market, By Product

  • Electric
  • Mechanical
  • Hybrid

Window Automation Market, By Component

  • Sensors & detectors
  • Motors & actuators
  • Control panels
  • Switches
  • Accessories

Window Automation Market, By Application

  • Residential
  • Commercial
    • Retail
    • Airports
    • Education
    • Healthcare
    • Hospitality
    • Public transit systems
  • Industrial

Window Automation Market, By End-Use

  • Façade builders
  • Profile houses
  • Window manufacturers
  • Contractors

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • Russia
    • Switzerland
    • Norway
    • Denmark
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa

Browse key industry insights spread across 300 pages with 383 market data tables & 77 figures & charts from the report, Window Automation Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/window-automation-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Smart Electric Meter Market to cross $10bn by 2024

​The technology research report “Smart Electric Meter Market Size By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Utility), By Technology (AMI {RF, PLC, Cellular}, AMR), By Phase (Single Phase, Three Phase) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Sweden, Denmark, Austria, Spain, China, India, Japan, Australia, South Korea, Saudi Arabia, UAE, Oman, Kuwait, Iran, Lebanon, Egypt, South Africa, Nigeria, Brazil, Mexico, Uruguay, Argentina, Chile) Application Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Smart Electric Meter Market to reach USD 10 Billion by 2024, driven by renewable energy integration to smart grid infrastructure.

Robust implementation of government mandates and fiscal incentives toward the adoption of sustainable technology will drive the smart electric meter market size. Several countries have enacted distinct legislation mandating the adoption of AMI meters as a part of their comprehensive energy conservation initiatives. In March 2011, the Government of UK framed a rollout strategy and designed a policy framework for smart meters. The Smart Metering Implementation Programme is expected to achieve the installation of over 50 million smart meters by 2020.

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U.S. smart electric meter market is anticipated to exceed USD 1 Billion by 2024. Significant encouragement by regulators and policymakers toward the adoption of smart technologies will stimulate the business growth. As per the Residential Energy Consumption Survey conducted by the EIA in 2015, residential smart meter adoption across the U.S. stood around 40%. Furthermore, it has been analyzed that electric utilities across the country had installed over 70 million AMI meters till 2016.

AMI smart electric meter market will grow on account of continuous expansion and increasing share of renewables across centralized and decentralized grid infrastructure. Rapid technological advancements coupled with growing concern toward energy conservation will strengthen the business outlook. Smart meters integrated with automated data management systems have drastically eased the assessment of consumption patterns by the user.

UK smart electric meter market is witnessed to grow on account of growing measures toward the adoption of energy efficient products. Introduction of strict emission norms toward the development of sustainable technologies has created a competitive business scenario for leading manufacturers across the region. The Article 9-11 of the UK Energy Efficiency Directive provides rules on devices related to metering and billing information that needs to be provided to end users.

China, in 2017 accounted for over 70% smart electric meter market share across Asia Pacific. Growing penetration of smart technologies along with shifting focus toward energy efficiency will stimulate the business growth. Asian Development Bank is supporting the sustainable use of energy and the roll-out of smart meters is the top priority in line with the adoption of renewable and smart-grid technologies. China in its 13th five-year plan introduced various smart city projects that include the installation of smart meters across water and electric networks.

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Shifting trends toward an effective measurement, monitoring, and utilization of resources to limit the overall energy challenges will drive the smart electric meter market. Metering and monitoring have been the essential tools for the measurement and efficient energy management. In addition, these provide building owners & operators with the information to improve building energy performance.

Key industry participants in the smart electric meter market include Apator, Iskraemco, Circutor, Kamstrup, Sensus, Aclara, Neptune, Badger Meter, Osaki, Honeywell International, Schneider, Siemens, Itron and Landis+Gyr.

Smart electric meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:

By Application

  • Residential
    • Single family
    • Multi family
  • Commercial
    • Education
    • Healthcare
    • Retail
    • Logistics & transportation
    • Offices
    • Hospitality
    • Others
  • Utility

By Technology

  • AMI
    • RF
    • PLC
    • Cellular
  • AMR

By Phase

  • Single Phase
  • Three Phase

The above information is provided on regional & country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Sweden
    • Denmark
    • Austria
    • Spain
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Oman
    • Kuwait
    • Iran
    • Lebanon
    • Egypt
    • South Africa
    • Nigeria
  • Latin America
    • Mexico
    • Brazil
    • Uruguay
    • Argentina
    • Chile

Browse key industry insights spread across 511 pages with 1044 market data tables & 10 figures & charts from the report, Smart Electric Meter Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/smart-electric-meter-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Europe District Cooling Pipeline Network Market to surpass $1bn by 2024

​The technology research report “Europe District Cooling Pipeline Network Market Size By Pipe (Pre-insulated steel [20 – 100 mm, 101 – 300 mm, ≥300 mm], Polymer [20 – 100 mm, 101 – 300 mm, ≥300 mm]), By Diameter (20 – 100 mm, 101 – 300 mm, ≥300 mm) By Application (Residential, Commercial [College/University, Office Buildings, Government Buildings], Industrial) Industry Analysis Report, Country Outlook (Germany, Poland, Sweden, Italy, France, Finland, Austria, Norway), Application Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Europe District Cooling Pipeline Network Market to exceed USD 1 billion by 2024, driven by growing norms toward zero emission buildings.

Growing demand for sustainable cooling solutions coupled with rising concerns pertaining to emissions will foster the Europe district cooling pipeline network market size. Acceleration in demand for space cooling on account of growing average surface temperature across the region including Germany, Italy and Sweden will propel the industry growth. According to EEA, the annual mean temperature across Eastern and Central Europe is projected to rise by 10 to 30 C by the end of decade.

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Reduced maintenance cost, longer life cycles, reduced heat loss and high efficiency are some of the key features which will drive district cooling pipeline network market. In addition, the increasing use of sustainable insulating material including HDPE, Polyurethane and PUR favored by ongoing government subsidies and incentives will propel the business outlook.

France district cooling pipeline network market is set to reach over 190 Km by 2024. Stringent regulatory frameworks toward the adoption of sustainable energy solutions coupled with rapid increase in population will stimulate the industry outlook. Ongoing deployment of smart monitoring systems, efficient piping technology and sustainable insulating material will positively influence the business growth.

Growing penetration of small scale cooling systems across the residential establishments coupled with government assisted research and development initiatives will stimulate the demand for 20 – 100 mm diameter pipes. Further, increasing use as a service pipe owing to their ease of transportation and installation will propel district cooling pipeline network market.

Polymer pipes is set to witness a sturdy growth on account of their increasing use as a service pipe across the DC grid. Advancement in product technology including thermoplastic technology coupled with ongoing innovations toward development of efficient insulating material will foster district cooling pipeline network market. Ease of transportation, efficient insulating properties, corrosion resistance and low carbon emissions are some of the key features which will propel the product growth.

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Growing investments toward the deployment of green building structure coupled with stringent building emissions norms will stimulate the commercial district cooling pipeline network market. Further, the increasing investments toward the real estate industry favored by flourishing service sector across the region will foster the industry growth.

Government assisted renewable energy targets coupled with strict regulatory framework toward conventional fuels will propel the Italy district cooling pipeline network market. Accelerating temperature across the nation on account of global warming will positively influence the business outlook. In 2016, the average temperature range recorded in Rome was between 80 to 260 C.

Notable players catering across Europe district cooling pipeline network market includes Logstor, Uponor, BRUGG, Perma Pipe, Thermaflex, Aquatherm, Isoplus, Ke Kelit, Huntsman, Cosmoplast, Eval, Future Pipe and CPV Limited. Increasing investments toward better insulating material along with various public and private initiatives toward product adoption has been a key strategic inference for major industry players across the region.

Europe district cooling pipeline network market research report includes in-depth coverage of the industry with estimates & forecast in terms of Km and USD from 2013 to 2024, for the following segments:

Europe District Cooling Pipeline Network Market, By Pipe

  • Pre-insulated steel
  • Polymer

Europe District Cooling Pipeline Network Market, By Diameter

  • 20 mm – 100 mm
  • 100 mm – 300 mm
  • ≥ 300 mm

Europe District Cooling Pipeline Network Market, By Application

  • Residential
  • Commercial
    • College/University
    • Office Buildings
    • Government Buildings
    • Others
  • Industrial

The above information is provided on a country basis for the following:

  • Germany
  • Poland
  • Sweden
  • Italy
  • France
  • Finland
  • Austria
  • Norway

Browse key industry insights spread across 200 pages with 335 market data tables & 12 figures & charts from the report, Europe District Cooling Pipeline Network Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/europe-district-cooling-pipeline-network-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
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Network Attached Storage Market to reach $20bn by 2024

​The technology research report “Network Attached Storage (NAS) Market Size By Architecture (Traditional, Scale-out), By Design (1-bay to 8-bay, 8-bay to 12-bay, 12-bay to 20 bay, above 20-bay), By Deployment Model (On-premise, Cloud, Hybrid), By Application (Home/Consumer NAS, Business [BFSI, Telecom & IT, Healthcare, Retail & Consumer Goods, Government, Media & Entertainment]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Taiwan, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Network Attached Storage (NAS) Market to exceed USD 20 billion by 2024, driven by increase in Big Data analytics and data mining applications.

The NAS market growth is attributed to the increasing adoption of the storage technology by SMEs for extended and scalable storage applications along with the growing demand for NAS systems from the home/consumer market. Also, features such as ease-of-installation and automatic backup capabilities are further contributing to the rising demand for NAS solutions. The proliferation of social media content and the growing popularity of on-demand entertainment services are also expected to contribute to the increasing demand for the storage technology from the home/consumer sector. For these applications, the NAS systems are being used as home backup devices, mail servers, media streamers, and video surveillance recorders.

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The traditional architecture segment held a major share of the NAS market in 2017 due to the large-scale utilization of legacy scale-up systems for storage functions by enterprises. However, with the growing popularity of scale-out NAS systems for affordable and less complex network storage, the scale-out architecture market is expected to exhibit accelerated growth between 2018 and 2024. As scale-out systems efficiently support High-Performance Computing (HPC) applications as compared to scale-up architecture in terms of reduced hardware cost for procuring additional data storage resources, the demand for scale-up NAS systems is expected to exponentially increase over the forecast period.

The 1-bay to 8-bay NAS market is projected to register high growth over the forecast period wit a CAGR of over 25% due to the growing popularity of the storage technology for home-based consumer applications. With increasing multimedia data being generated from consumer mobile devices, home entertainment systems and smart IoT devices used for home automation purposes, the storage needs of the consumers are expected to increase consistently over the next five years. Consequently, manufacturers are focusing on introducing NAS solutions that are designed to address the specific storage requirements for these consumer-level applications.

Due to the growing adoption of cloud platforms for storing enterprise data in a flexible and dynamically scalable architecture, the cloud deployment segment is projected to register an accelerated growth in network attached storage market with a CAGR of around 24% between 2018 and 2024. The businesses that require a powerful, agile, and frictionless storage, can benefit from cloud-based NAS solutions while reducing their data storage costs incurred from the procurement of on-premise storage infrastructure. Hybrid deployment is projected to register the fastest growth deployment model segment in network attached storage market during the forecast period as it allows users to store critical data on-premise while leveraging scalable cloud-based storage platform to accommodate dynamic storage requirements.

With increasing emphasis on digitalization in the healthcare sector, the adoption of healthcare management systems is increasing steadily in the developed as well as the developing economies. This has resulted in the growing demand for efficient network storage solutions from the healthcare sector. Growing popularity of advanced systems such as electronic medical records will further contribute to the adoption of network attached storage market in the healthcare industry leading to a robust growth with a CAGR of over 20% during the forecast period.

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North America is projected to hold a major share of the NAS market throughout the forecast timeline due to the early adoption of the advanced storage technology by enterprises in the U.S. With the large-scale adoption of cloud platforms by enterprises in the region, cloud-based and hybrid NAS solutions are expected to garner a high demand over the forecast period.

Europe is projected to be the second largest network attached storage market by 2024 due to a growing data center ecosystem in the region along with large-scale adoption of the storage technology by SMEs. As the major global players are aggressively extending their presence in the European market through distribution agreements with local companies, the adoption of NAS systems is likely to increase steadily between 2018 and 2024.

The companies operating in the network attached storage market are involved in aggressively expanding their global presence by introducing their products in untapped regional markets by partnering with local online and offline distribution channels. The companies are also focusing on diversifying their product portfolio by introducing NAS systems that are tailor-made for SMBs and home & enterprise customers. Some of the key players operating in the NAS market are Netgear, Buffalo Americas, QNAP, Western digital, Thecus Technology, Hitachi Data Systems Corporation, Synology, DELL EMC, Seagate, D-Link, NetApp, Zyxel, SoftNas, Avere Systems, Asustor, Infortrend, Pansas, Broadberry, and Cisco.

Network attached storage (NAS) market research report includes an in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Network Attached Storage Market, By Architecture

  • Traditional
  • Scale-out

Network Attached Storage Market, By Design

  • 1-bay to 8-bay
  • 8-bay to 12-bay
  • 12-bay to 20-bay
  • Above 20-bay

Network Attached Storage Market, By Deployment Model

  • On-premise
  • Cloud
  • Hybrid

Network Attached Storage Market, By Application

  • Home/Consumer NAS
  • Business
    • BFSI
    • IT & Telecom
    • Healthcare
    • Retail & consumer goods
    • Government
    • Media & Entertainment

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • ANZ
    • South Korea
    • India
    • Taiwan
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • GCC
    • South Africa

Browse key industry insights spread across 380 pages with 300 market data tables & 25 figures & charts from the report, Network Attached Storage Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/network-attached-storage-nas-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
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Car Sharing Market to cross $11bn by 2024

​The technology research report “Car Sharing Market Size By Model (P2P, Station-Based, Free-Floating), By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Turkey, China, Japan, South Korea, India, Taiwan, Malaysia, Singapore, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Car Sharing Market to exceed USD 11 billion by 2024, driven by growing adoption of vehicles enabled with advanced technologies.

Reduction in commuting costs is expected to propel the car sharing market growth over the next six years. According to the American Association of Automobiles (AAA), the average annual costs to own and operate vehicles are about USD 8,698. Car sharing model has the potential to significantly reduce the transportation costs for the commuters. According to the Transportation Sustainability Research Center, the monthly transportation savings for round trip car sharing members in the U.S. ranges from USD 154 to USD 435. Furthermore, car sharing addresses some of the traditional problems of owning a car including arranging and paying for parking spaces and maintaining the insurance cover.

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Stringent government regulations and norms associated with the emissions of greenhouse gases are propelling the growth of carsharing market. In January 2017, the government of Germany announced an initiative to encourage the adoption of these services by passing a draft bill to encourage the installation of the infrastructure required for these services. The government is helping the adopting of these services as these are considered crucial to make the transportation sector environmentally friendly.

The absence of proper transportation infrastructure is posing a great challenge to the car sharing market. Poor road conditions in India, Turkey, and Africa are limiting the adoption of the car sharing model. Growing traffic congestion due to lack of road infrastructure is discouraging the users to opt for cars as a mode of transport. Moreover, limited parking on the street or in public garages is restraining the adoption of station-based car sharing platform.

The use of advanced technologies is creating lucrative opportunities for the car sharing market growth. Industries are actively integrating technologically-advanced systems such as vehicle access and reservation systems into their vehicles to gain prominence in the carsharing market. The vehicle access system enables keyless entry whereas the reservation system allows the users to freeze their vehicles as per their time of need. For instance, Zipcar uses a zipcard as a vehicle access technique to unlock the doors of their vehicles and Enterprise CarShare uses a mobile app for reservation system to provide a selection of cars and the duration of usage for the customers. The adoption of such technologies will fuel the car sharing market growth.

P2P carsharing market is expected to witness growth due to the increasing number of people willing to rent out their idle cars on a short-term basis. For the owner, car is an asset that incurs costs in the form of loan repayment, insurance, maintenance, depreciation, etc. The owners are becoming increasingly inclined toward earning money by renting it out rather than letting the car sit idle in the parking lot.

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Round trip car sharing market is projected to undergo wide adoption due to the lower costs for long-distance trips as the fares are based on distance traveled. The model allows a user to pick and return a shared vehicle at the same station that is supported by mobile applications or a personal access card. Growing awareness related to environmental benefits of these services, such as reduction in carbon emissions, will further increase the adoption of round trip services over the coming years.

The U.S. carsharing market is projected to grow due to the incentives introduced by the government to promote the use of these services. The states in the country have enacted taxation regulations & legislation and incentives for companies providing these services. For instance, the state of Washington has announced tax credits of up to USD 60 per employee per year to the employers that offer these services to the employees. Various public transit agencies such as Los Angeles County Metropolitan Transportation Authority, Dallas Area Rapid Transit, Tri-County Metropolitan Transportation District of Oregon, Metropolitan Atlanta Rapid Transit Authority, and Massachusetts Bay Transportation Authority have formed partnerships with car sharing companies to locate car sharing vehicles near transit stations. The aim is to create a mobility hub for the commuters, thus propelling the car sharing market growth.

Some of the players in the car sharing market include Orix Corporation, Lyft, Inc. Locomute (Pty) Ltd., Ekar Fz LLC, Carrotshare, and Hour Car. Strategic acquisitions and partnerships are the strategies commonly adopted by the players. For instance, in January 2017, Europcar Group announced the acquisition of GuidaMi, a station-based car sharing company to expand its business in Milan. In November 2016, Getaround acquired stakes of City CarShare to strengthen its position in the market.

Car sharing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD, fleet size in units, and members in units from 2013 to 2024, for the following segments:

Carsharing Market, By Business Model

  • Round trip
  • One-way

Carsharing Market, By Model

  • P2P
  • Station-based
  • Free-floating

Carsharing Market, By Application

  • Business
  • Private

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Turkey
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Singapore
    • Malaysia
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East
    • GCC
    • South Africa

Browse key industry insights spread across 227 pages with 323 market data tables & 28 figures & charts from the report, Car Sharing Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/carsharing-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
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Global In-Car Infotainment System Market – Share, Growth, Analysis, Forecast to 2024

​According to new Global Market Insights, Inc, research report In-Car Infotainment System Market size is driven by the growing demand for the better driver assistant system in the automobiles. The in-car infotainment systems provide excellent entertainment facility such as audio, video and offers advance technology such as GPS, vehicle parking system that can assist the driver. The growing demand for the connected vehicles is also one of the major factor augmenting the growth. Due to the rising demand for the connected vehicles, the in-car infotainment system is becoming more sophisticated. The market players, original equipment manufacturers (OEM), software suppliers and the technology-based start-ups are coming together and competing to develop the advance infotainment systems that are safe and user-friendly.

The integration of the in-car infotainment system with the smartphone is one of the primary factor driving the growth in developing countries. The OEMs are collaborating with the technology solution providers to design and develop smart solutions to integrate the capabilities of the smart devices into the automotive. The technology giants Google and Apple have developed Android Auto and Apple CarPlay respectively to enable the mobile devices to be operated in the automotive through the dashboard unit.

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Several in-car infotainment products such as audio units, display units, head-up displays, navigation units and communication units are available in the market. The demand for the head-up display unit is increasing very rapidly due to the integration of the advance technology such as augmented reality, GPS, camera and sensors that assist drivers. Navigation units are also anticipated to grow substantially during the forecast period. The growth of the market is attributed to the increasing adoption of cloud-based GPS system, which provides real-time information and compatibility with other devices.

The in-car infotainment systems are widely used in passenger cars as well as in commercial vehicles. The passenger cars market is driven by the technological advancement in the infotainment system. The integration of the voice-based command system and gesture control system for multimedia is one of the major factor augmenting the market growth. Commercial vehicle also holds significant share in the in-car infotainment market. The transportation and logistics companies are leveraging the capabilities of the in-car infotainment system to manage their fleet and obtaining real-time information. In addition, smart navigation system and fuel consumption tracker capabilities offered by the system also drives the market growth.

North America is leading the in-car infotainment market. The growth of the market is driven by the increasing vehicle production. The high demand of the premium vehicle in U.S. is also one of the major factor backing the growth of the market in the region. Furthermore, high disposable incomes of the population also foster the market growth. Asia Pacific is estimated to grow significantly during the forecast period owing to the increasing demand of the vehicle in the developing economies such as China and India.

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The market is highly competitive due to the presence of the multinational as well as regional players. Some of the major vendors of the in-car infotainment market Alpine Electronics, Garmin, Pioneer, Harman International, Panasonic, Clarion, TomTom, Mitsubishi, Continental, Robert Bosch, Denso, Delphi, Visteon and Jvckenwood.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Solid State Automotive LiDAR Market – Share, Growth, Analysis, Forecast to 2024

​According to new Global Market Insights, Inc, report Solid State Automotive LiDAR Market size is expected to exhibit lucrative growth over the forecast period due to the growing popularity of autonomous vehicles and the huge investment from the automotive sector for developing and commercializing autonomous vehicle technology. The automotive industry has been disrupted by game changing technologies over the last decade which include driverless car prototypes and Automotive ECU (Electronic Control Units). Solid state LiDAR technology is expected to accelerate the large-scale autonomous vehicle commercialization over the next ten years.

LiDAR (Light Detection and Ranging) is a remote sensing technology which emits a laser pulse beam onto the target with defined intensity and focus and measures the arrival time of the reflected beam by photodiodes within the receiving sensor. The technology is being explored for a wide range of applications in the automotive sector including fully automated driving, parking assistance, forward collision warning and automatic emergency braking. Some of the major drawbacks of early LiDAR systems are high cost, weather sensitivity and bulky size. Also, LiDAR systems consist of moving parts such as rotating mirrors. Solid-state LiDAR systems, as the name suggests, contain no moving parts and score high on the robustness level required by stringent automotive standards. New solid-state LiDARs are being designed by manufacturers to solve the cost, reliability, size, and complexity issue of mechanical scanning LiDARs. Due to their low cost, it is possible to combine two or more sensors to cost-effectively enhance the field-of-view coverage.

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Some of the potential advantages of solid-state LiDAR systems for the automotive applications are automated tolling, vehicle measurement and profiling, vehicle to infrastructure communication, speed enforcement and monitoring and real-time traffic monitoring and control. The evolution of early LiDAR systems into solid-state LiDAR technology is primarily drive by next-generation sensors that contain no moving parts on the micro and macro scale. This ensures highest level of longevity, dependability, reliability, performance, and cost efficiency.

Europe, being a hub for numerous global automotive manufacturers is expected to lead the solid-state automotive LiDAR market over the forecast timeline. German automotive companies such as BMW and Audi are increasingly focusing on incorporating advanced LiDAR technology in their vehicles to facilitate enhanced safety of the passengers. In March 2018, BMW i Ventures, a venture capital fund which focuses on finding and supporting next-generation technology companies invested in Blackmore Sensors and Analytics, Inc., a U.S.-based technology company involved in developing LiDAR technology for the automotive industry. The funds will be used to increase the production of Blackmore’s FMWC LIDAR sensor that are used for advanced driver assistance systems.

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The companies operating in the solid-state automotive LiDAR market are aggressively involved in technology innovation to commercialize next-generation LiDAR systems in the automotive sector. For instance, In January 2018, Innoviz Technologies, an Israel-based technology company involved in development of sensing solutions for automotive applications, launched the InnovizPro, a stand-alone, solid-state, MEMS-based scanning LiDAR solution which offers a long detection range of up to 150 meters. Similarly, in September 2017, AEye Inc, a technology company involved in the development of advanced vision hardware and software solutions announced the completion of a successful live demo of its 360° Solid State LiDAR System for autonomous vehicle application. It is a first commercial solid-state LiDAR system capable of 360° coverage and real-time software configurability. Some of the companies operating in the solid-state automotive LiDAR market are, Innoviz, Quanergy, LeddarTech, Innovusion, Infineon Technologies, Velodyne LiDAR, Continental AG, Delphi Automotive, AEye, Benewake, Cepton, Luminar and Robosense.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Mobility on Demand Market – 15% CAGR for Ride Hailing service segment to 2024

​The technology research report “Mobility on Demand Market Size By Service (Car Sharing [By Model {P2P, Station-Based, Free-Floating}, By Business Model {Round Trip, One Way}], Ride Hailing, Car Rental [By Vehicle Type {Luxury Car, Executive Car, Economy Car, SUV, MUV}], By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Turkey, China, Japan, South Korea, India, Taiwan, Malaysia, Singapore, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Mobility on Demand (MOD) Market to exceed USD 200 billion by 2024, driven by growing adoption of vehicles enabled with advanced technologies.

Mobility on demand market is expected to grow over the forecast time span due to the increasing inclination of customers toward shared services rather than ownership. The costs of owning vehicles including components, such as insurance, repair & maintenance, and depreciation, are more than the sharing of vehicles. Furthermore, volatility in fuel prices is encouraging the users to switch to the shared transport, propelling the mobility on demand market growth.

Increasing government initiatives to implement these services in countries are expected to accelerate the mobility on demand market growth. The governments in various developed economies including the U.S. and Germany are funding such projects to foster innovations and provide technical assistance to the industry players. For instance, the Federal Transit Administration (FTA) of the U.S. has signed an agreement with a national non-profit organization, Shared-Use Mobility Center (SUMC) to provision the successful implementation of these projects across the country.

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Growing trend of adoption of electric and plug-in hybrid vehicles in shared transportation services is dominating the mobility on demand market. Increasing stringency of regulations regarding the emissions of hazardous greenhouse gases from the vehicles is compelling the drivers and fleet owners to opt for these environment-friendly alternatives. Various automobile manufacturers are forming strategic partnerships with mobility on demand vendors to promote the use of electric or plug-in hybrid cars. For instance, Volkswagen UK formed a partnership with Zipcar to launch a new fleet of 50 Volkswagen GTE plug-in hybrid cars in London. These premium zero-emission cars encourage more people to choose electric instead of fossil-fuel-based cars.

Technological advancements and the emerging IoT trend are further propelling the mobility on demand market growth. Rise in the number of connected vehicles and the increasing penetration of smartphones are anticipated to drive the industry. Various government organizations are focusing on encouraging digitalization for the overall economic growth. Technological developments, such as autonomous and AI-enabled vehicles, are expected to revolutionize the industry. Innovations, such as electric vehicles and GPS-based navigation systems, are anticipated to fuel the mobility on demand market growth.

Inadequate transportation infrastructure is expected to hinder the mobility on demand market growth in countries including India, Brazil, and Mexico. Deteriorating conditions of road infrastructure discourage the commuters to travel by roads, thus challenging the growth of car rental market. Furthermore, the integration of these services with the traditional transport infrastructure is an expensive and time-consuming process. Lack of awareness regarding these services is pushing people to use public transport extensively, hindering the industry growth.

The growing popularity of car sharing services is expected to propel the mobility on demand market growth. Reduction in travel costs and emissions of greenhouse gases are some of the drivers of the car-sharing industry. Station-based car sharing services currently sized at over 600 million encourage the commuters to walk, cycle, or use public transportation to the car-stations. Technological advancements, such as smartcards, GPS tracking, and app-based reservation of cars, will drive the car sharing market growth, impacting the industry growth.

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The mobility on demand (MOD) market in private applications is expected to witness a significant growth over the forecast timespan due to growing inclination of individual commuters toward shared services. Increasing traffic congestion in urban areas is compelling the people to opt for services such as ride hailing for running daily errands such as grocery shopping, thus propelling the ride hailing market growth to reach over USD 100 billion by 2024. Increased convenience of booking these services through apps on smartphones and websites is further increasing the demand for mobility on demand market in private applications.

Key players in the mobility on demand market comprise Lyft, DriveNow GmbH, Didi Chuxing, Enterprise Rent-A-Car, Gett, and Uber Technologies. The industry is highly fragmented in nature and big players, such as Uber and Didi Chuxing, are adopting strategies such as M&As to penetrate into newer regions and gain share. For instance, in February 2018, Uber announced its intention to enter Vietnam by partnering with MoMo, a mobile wallet company in the country. Also, several regional players, such as Ola and Grab, are gaining a strong foothold in their respective regions by acquiring operations from foreign players such as Uber. For instance, in early 2018, Grab announced that the company is in preliminary talks with Uber Technologies to strike a deal to acquire its operations in Singapore.

Mobility on demand market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Mobility on Demand (MOD) Market, By Service

  • Car sharing
    • By business model
      • Round trip
      • One way
    • By model
      • P2P
      • Station-based
      • Free-floating
  • Ride hailing
  • Car rental
    • Executive car
    • Luxury car
    • Economy car
    • SUV
    • MUV

Mobility on Demand (MOD) Market, By Application

  • Business
  • Private

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Singapore
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa

Browse key industry insights spread across 400 pages with 510 market data tables & 32 figures & charts from the report, Mobility on Demand Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/mobility-on-demand-mod-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
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Smart Lighting Market to hit $24bn by 2024

​The technology research report “Smart Lighting Market Size By Component (Product [Luminaires {Smart Bulbs, Fixtures}, Light Control {Sensors, Switches & Dimmers, Relays, Router & Gateways, LED Driver & Ballasts}], Technology [Wired {PLC (Power Line Control), PoE (Power over Ethernet), DALI (Digital Addressable Lighting Interface), Hybrid}, Wireless {Bluetooth, Zigbee, Wi-Fi, EnOcean, Hybrid}]), By Lighting Source (LED, Fluorescent Lamp, CFL (Compact Fluorescent Light), HIDL(High Intensity Discharge Lamp), By Application (Indoor Lighting [Residential, Commercial, Industrial], Outdoor Lighting [Highways & Roadways, Public Places, Bridges & Tunnels]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Singapore, Philippines, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Smart Lighting Market to exceed USD 24 billion by 2024, driven by increasing demand for energy-efficient lighting systems.

The smart lighting market growth is attributed to worldwide initiatives for smart city development and the growing popularity of home and building automation systems in residential, commercial, and industrial sectors. As the modernized smart city infrastructure offers intelligent connectivity among different components of the administrative framework such as transport, healthcare, and law & order, further initiatives for developing smart cities are likely to be undertaken aggressively around the world over the next one decade.

Smart lighting products are used in different applications to enable highly connected and energy-efficient lighting solutions. These applications include commercial, residential, industrial, and outdoor lighting applications such dynamic traffic management systems employed in public places, highways & roadways, tunnels, and bridges. Developing economies can largely benefit by deploying smart lighting systems for the outdoor lighting applications to ensure energy security and sustainability.

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The communication technology market is expected to exhibit excellent growth between 2018 and 2024 due to rapid advancements in wireless communication technologies such as LPWAN, Wi-Fi, and hybrid technologies. With the increasing popularity of highly interconnected IoT-based smart city ecosystem, these technologies are expected to play a critical role in enabling such intelligent and data-driven infrastructure.

In the light control market, sensors are expected to exhibit the fastest adoption over the forecast period. This accelerated adoption can be attributed to technological advancements in different types of sensors, such as occupancy sensors and motion sensors, which enhance the ability of smart lighting systems to effectively react to the surrounding conditions. Also, as these sensors enable remote operability of lighting systems through mobile devices, their utility in connected lighting solutions is likely to increase substantially over the forecast timeline.

With the rapid adoption of LED bulbs to replace traditionally used incandescent lighting systems, the LED market is projected to exhibit accelerated growth with a CAGR of over 20% between 2018 and 2024. As LED light bulbs enable significant cost savings (more than 50%) compared to traditional bulbs, their adoption in smart lighting systems is expected to grow exponentially over the forecast timeline.

The outdoor lighting market is projected to register a fast growth over the forecast period due to the increasing popularity of intelligent street lighting systems in the smart city infrastructure. With embedded sensors and digital networks, these systems collect and transmit information that helps city administrators to monitor and respond to any circumstances related to air quality, traffic levels, and noise levels on the streets. Also, by intelligently controlling the operating period of lights, substantial cost savings can be realized by minimizing the energy wastage.

Europe is projected to hold a dominant position in the market by 2024 with a market share over 30%. This market dominance is attributed to growing emphasis on developing smart city infrastructure in the region and the large-sale installation of smart lighting system across the commercial and residential sectors. The European Union (EU) is consistently focusing on developing highly connected smart city infrastructure across the region while encouraging participation from public and private stakeholders. Through its funding instrument, The European Innovation Partnership on Smart Cities and Communities (EIP-SCC), brings together industry and citizens to enhance the urban life using more sustainable and integrated solutions.

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The Asia Pacific smart lighting market is projected to witness the fastest growth between 2018 and 2024 due to growing awareness among emerging economies including India, Japan, and Singapore regarding the efficacy of connected lighting systems in enabling significant cost savings through optimal energy consumption.

The companies operating in the smart lighting market are consistently involved in new product development initiatives and product innovation activities. For instance, in January 2018, the company announced that it is previewing two new products to this portfolio that are expected to be launched later in 2018, a smart light switch and a ceiling light. These products can control smart assistants including Alexa and Google Assistant and will have a built-in hub, which lets them control other C by GE products as well. Similarly, in April 2017, Philips Lighting launched the Philips InterAct Office connected lighting system aimed at the global office lighting systems market. The solution allows building managers to reduce energy consumption by nearly 70% and optimize operations. Some of the key payers operating in the market are, Bridgelux, Cree, Digital Lumens, Echelon, Schneider Electric, Acuity Brands, Honeywell, GE Lighting, Secil, Cooper Industries (Eaton), OSRAM, Lutron, Hubbell, Philips Lighting, Silver Spring Networks, Legrand, Tvilight, and Zumtobel.

The smart lighting market research report includes an in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Smart Lighting Market, By Component

  • Product
    • Luminaires
      • Smart Bulb
      • Fixtures
    • Light Control
      • Sensors
      • Switches & Dimmers
      • Relays
      • Router & Gateways
      • LED Driver & Ballasts
  • Technology
    • Wired
      • PLC
      • PoE
      • DALI
      • Hybrid
    • Wireless
      • Bluetooth
      • Zigbee
      • Wi-Fi
      • EnOcean
      • Hybrid

Smart Lighting Market, By Lighting Source

  • LED
  • Fluorescent Lamp
  • CFL
  • HIDL

Smart Lighting Market, By Application

  • Indoor Lighting
    • Residential
    • Commercial
    • Industrial
  • Outdoor Lighting
    • Highways & Roadways
    • Public Places
    • Bridges & Tunnels

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
  • APAC
    • China
    • Japan
    • ANZ
    • South Korea
    • India
    • Singapore
    • Malaysia
    • Philippines
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • Israel
    • GCC
    • South Africa

Browse key industry insights spread across 440 pages with 698 market data tables & 25 figures & charts from the report, Smart Lighting Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/smart-lighting-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Global Market Insights, Inc.
Phone:1-302-846-7766
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Smart Transportation Market to grow at 20% CAGR from 2018 to 2024

​The technology research report “Smart Transportation Market Size By Mode of Transportation (Roadways, Railways, Airways), By Component (Software [Telematics, Parking Management, Ticket Management, Traffic Management, Security and Surveillance, Passenger Information System], Services [Training and Consulting Service, Integration Service, Support and Maintenance Service]), By Deployment Model (On-Premise, Cloud, Hybrid), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Switzerland, Netherlands, China, Japan, Australia & New Zealand (ANZ), South Korea, India, South East Asia, Brazil, Mexico, Argentina, Chile, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Smart Transportation Market is set to exceed USD 130 billion by 2024, driven by rapid urbanizations and government investment in smart transportation.

The smart transportation market growth is attributed to the worldwide government initiatives for the smart city development. Around USD 1 billion of connected things are mounted across the globe under the smart cities projects. Smart transportation being an integral part of smart cities project provides a platform for connected vehicles. The mandates set by the government, such as Directive on Intelligent Transport Systems and Bharat Stage standards, to reduce the CO2 emissions and to protect the environment also provide an impetus to the growth of the transportation market.

Rapid urbanization and improved lifestyle have transformed the transportation infrastructure thereby driving the market demand. The smart systems help the users in dealing with over speeding, bad weather conditions, and heavy traffic thus avoiding collisions and enhancing the user experience. Various connected technologies, such as IoT, smart sensors, and GPS, provide real-time information about traffic congestion in different areas, assisting the drivers in taking alternative routes. These systems reduce the passengers traveling time, improving the productivity and leading to the overall economic development of the country. However, the huge capital investment and time required to complete the transformation process of the existing infrastructure and transportation systems may hinder the market growth.

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Roadways account for the largest market share in the smart transportation market followed by railways and airways. Railways are anticipated to grow at a fast pace over the forecast period due to factors, such as cheaper transport fare and government investments, in developing smart railway systems. Airways are the preferred mode for freight transportation and airports worldwide have been investing in various smart technology solutions to reduce air traffic congestion and delays. For instance, in 2017, airlines and airports invested around USD 33 billion to improve the airport infrastructure by going through a digital transformation mainly focused on providing self-service processes at bag-drop, check-ins, and boarding using new technologies such as IoT, sensors, and beacons.

In the software segment, the traffic management system dominates the market. The use of advanced technologies, such as sensors and IoT, in the traffic lights, helps them in automatically responding to the changing traffic patterns. In these systems, the light changes as per the traffic pattern rather than the fixed schedule, encouraging the smooth flow of the traffic. Smart ticketing segment is anticipated to grow at the fastest rate and reach USD 11 billion by 2024. These solutions increase the accessibility to integrated transport systems thereby offering reliability and flexibility and by providing access to new payment modes, enhancing the customer experience.

The penetration of integration services is the highest in the market as they deliver a high level of performance and intelligence. Advanced technologies, such as computers, electronics, smart sensors, and information & communication, need to be integrated with transport infrastructure and vehicles to reduce traffic congestion and environmental impact of greenhouse gases and to improve the transport efficiency.

The cloud deployment model is projected to witness a fast growth rate over the forecast period due to the increasing popularity of the vehicular cloud technology and the features it offers such as efficient traffic management, road safety, standardization, and infotainment services. The real-time safety applications, such as remote surveillance, video capture service, and speed-based lance changing, provide enhanced efficiency to the passengers thereby accelerating the market growth.

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North America witnesses the highest share in the smart transportation market due to the use of advanced technologies, high disposable income, and improved lifestyle. Moreover, the growing demand for connected cars due to factors, such as fast internet speed and the emergence of IoT, further drives the market growth. The U.S. accounts for 70 percent of the market in North America owing to the various automotive companies pouring huge funds to develop smart-connected vehicles. For instance, in 2017, Warren Buffett invested USD 10 billion for bringing about developments in the U.S. airline industry.

Asia Pacific is anticipated to show the highest growth rate over the forecast timeline. The infrastructure is still in the developing stage in this region, displaying a major opportunity for the smart infrastructure deployment, driving the demand for the smart transportation market. Furthermore, the government initiatives for developing smart cities coupled with rapid urbanization act as a major platform for the growth of the market. The Indian government has allocated USD 7.6 billion for upgrading the smart cities until 2020. The major constituent of smart city initiative is developing an effective mobility and public transport system, providing a variety of transportation solutions.

The global smart transportation market is characterized by the presence of both major market players with diverse product portfolio and start-ups that offer niche products, solutions, and services. The key players operating in the market include Accenture PLC, Cisco Systems, Inc., Cubic Corporation, General Electric Company, IBM Corporation, Siemens AG, Thales Group, and WS Atkins. These companies are collaborating with government agencies to achieve the smart transportation vision of the government. For instance, in May 2015, the Hamburg Port Authority and Cisco partnered to develop the first smart road in Germany. This smart road, which links three streets with Kattyykbrucke bridge is developed with sensors and cameras connected to the poles along the road. The smart lighting systems on the roads are fitted with heat sensors and only turn on when a person passes by, saving the power.

The smart transportation market research report includes an in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Smart Transportation Market, By Mode of Transportation

  • Roadways
  • Railways
  • Airways

Smart Transportation Market, By Component

  • Software
    • Telematics
    • Parking management
    • Ticket management
    • Traffic management
    • Security and surveillance
    • Passenger information system
  • Service
    • Training and consulting service
    • Integration service
    • Support and maintenance service

Smart Transportation Market, By Deployment model

  • On-premise
  • Cloud
  • Hybrid

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Switzerland
    • Netherlands
  • APAC
    • China
    • Japan
    • ANZ
    • South Korea
    • India
    • South East Asia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Qatar

Browse key industry insights spread across 370 pages with 214 market data tables & 24 figures & charts from the report, Smart Transportation Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/smart-transportation-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
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