Precision Machining Equipment Market For Automotive And Aerospace Industry

 Precision Engineering Machines Industry Overview

The global precision engineering machines market size was valued at USD 13.07 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The rising demand for advanced precision machining solutions and the emphasis on lowering downtime to boost production efficiency, boost accuracy, and optimize machining procedures are the main factors for the expansion of the market. By reducing machining time, advanced machining techniques help to reduce the cost of materials, setup, and custom machining. Because of this, manufacturing companies commonly employ precision engineering machinery in their manufacturing spaces.

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The COVID-19 outbreak has had a detrimental effect on the market by stifling innovation, lowering profitability, reducing cash flow, and creating an unbalanced economy. The COVID-19 pandemic also caused the cancellation of several events in 2020, which made it harder for businesses to market new products and technological advancements. Lockdowns all around the world led to the closure of businesses, including offices and retail outlets, as well as limitations on manufacturing, distribution, and travel, all of which influenced the market. The negative effects of supply chain and trade interruptions on overall operations have had a direct impact on revenue streams. Due to efforts undertaken to cut non-critical and CAPEX investments, plans to upgrade technology are likely to be delayed. On the other hand, inexperienced workers may find it difficult to handle precise engineering equipment, which could lead to machine damage and jeopardize the manufacturing unit's investments. As a result, a dearth of seasoned operators is a key obstacle to the precision engineering machine industry progress.

Precision engineering includes the development of precise machine tools and the evaluation of machine design, construction, precision valuation and procedure, research and development, and the manufacturing and very accurate measurement of goods and parts. Precision engineering tools can be used to meet the demands of both mass production and exceedingly fine detail. The most modern and sophisticated precision engineering machines give suppliers greater quality control power with less labor input, allowing them to raise their profit margins. The fact that the most recent precision engineering equipment are modular and smaller in size than previous ones help to explain why their demand is rising.

The accuracy that computerized machining systems provide greatly reduces repeated work and machining time, increasing the effectiveness of industrial operations. Additionally, technological developments have led to the creation of software and end-uses that enable managers to follow machine activities on the shop floor in real time and make wise judgments. As manufacturers work to meet the needs of the expanding urban population, the demand quickly and efficiently for precision, engineering machines is rising along with the urban population increase and the expansion of the commercial and residential sectors.

Sales are growing due to the rising demand for sophisticated machining solutions and the emphasis on decreasing downtime to enhance production efficiency, boost precision, and optimize machining processes. In addition, industry 4.0 encourages the integration of manufacturing facilities with other processes to construct holistic and adaptable automation system designs utilizing precision engineering machinery for production and manufacture. Therefore, the market has several potentials with the arrival of Industry 4.0 in the upcoming years.

Several prominent market participants are introducing technologically improved precision engineering machines. However, the inadequate number of experienced operators is emerging as a major hindrance to market expansion. Untrained operators may find it challenging to control precision engineering machines and may cause damage to the machinery, subjecting the production unit's investments to risk. Another market barrier is the considerable costs involved in training existing operators in smoothly running modern precision machinery.

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• The global soundbar market size was estimated at USD 7.50 billion in 2023 and is expected to grow at a CAGR of 9.5% from 2024 to 2030. The soundbar market is experiencing significant growth due to evolving consumer preferences for high-quality home entertainment systems and the increasing demand for enhanced audio experiences.

• The global street lighting market size was valued at USD 9.10 billion in 2023 and is expected to grow at a CAGR of 3.6% from 2024 to 2030. The growing urbanization and infrastructure development projects drive the market's growth.

Precision Engineering Machines Market Segmentation

Grand View Research has segmented the global precision engineering machines market based on end-use and region:

Precision Engineering Machines End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Automotive
• Non-Automotive
o Aerospace & Defense
o Engineering & Capital Goods
o Power & Energy
o Others

Precision Engineering Machines Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa (MEA)
o U.A.E.
o Saudi Arabia
o South Africa

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Key Companies profiled:
• Amada Machine Tools Co., Ltd.
• Amera-Seiki
• DATRON AG
• Dalian Machine Tool Group (DMTG) Corporation
• DMG Mori Co., Ltd.
• FANUC Corporation
• Haas Automation, Inc.
• Hurco Companies, Inc.
• Okuma Corporation
• Shenyang Machine Tool Co., Ltd.
• Yamazaki Mazak Corporation

Smart Lighting Market Consumer Preferences And Adoption Rates

 Smart Lighting Industry Overview

The global smart lighting market size was valued at USD 15.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 22.1% from 2023 to 2030. The ability of lights to connect with IoT devices and create a variety of ambient lighting using just smartphones or tablets has increased its popularity and demand across commercial and residential spaces. Smart lights are dimmable with various color tones as per requirement, can be scheduled to turn on/off, monitor lighting’s energy usage, and be connected via Wi-Fi, Bluetooth, SmartThings, Z-Wave, or ZigBee. Additionally, smart lights can be voice-controlled by integration with the platform, such as Google Assistant, Amazon’s Alexa, Apple’s Siri, or Microsoft’s Cortana. These wide ranges of features apart from illumination coupled with the growing adoption of IoT devices and smart assistant platforms have created market growth avenues for smart lighting.

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Smart lighting is also termed connected lighting as it can be seamlessly integrated into the IT network in a building or city infrastructure to share information regarding the status of the operation. For instance, smart street lights in city parking or roads ensure safety by offering wide coverage, environmental monitoring, parking and traffic management information, and city surveillance by connecting with IoT devices. Smart lights are often integrated with sensors, which turn them into a point of intelligence device to gather information on activity patterns, daylight levels, occupancy, changes in temperature, or humidity. This information proves to be vital for government departments to take appropriate actions and monitor the city for unwarranted activity.

Government policies encouraging energy conservation and environment protection coupled with stringent regulations discourage the usage of incandescent lamps, which is anticipated to bolster the demand for LED smart lighting. The global lighting industry consumes approximately 19% of the total electricity and is responsible for around 6% of the total greenhouse gas emissions. On the contrary, LED smart lights are highly efficient. They consume almost 70% less energy and connect devices to collect information for future processes. They have significantly longer life spans and are free from any mercury content. Similarly, there are no harmful greenhouse gas emissions associated with LED lights. Thus, LED technology has potentially revolutionized the entire lighting industry and infiltrated the smart lighting segment wherein LED is a preferable choice among vendors and consumers.

The penetration of smart lights is expected to increase owing to benefits such as controlled power usage, longer life, multiple light settings in a single lamp/luminaire, and availability of a wide range of modern decorative lighting products. The adoption of smart lighting in the residential, commercial, and industrial sectors is yet to reach its full potential. Hence, various government initiatives to promote the use of LED-based smart lights are expected to boost their demand over the forecast period.. Moreover, countries such as China, Brazil, Colombia, Mexico, France, Spain, and Germany have imposed a complete ban on the sale of incandescent lamps to encourage the adoption of LED lights; wherein high-income groups are leaning towards LED-based smart lights. Furthermore, many smart lighting companies had reported a negative impact of the COVID-19 pandemic due to the lockdown, disrupting construction activity, and raw material supply. The decline in consumer purchasing capacity, and delay in completing construction projects due to the COVID-19 pandemic pushed the smart lights purchase order quantity, timeline, and payment.

Smart lights consist of several networked components, including lighting fixtures that collect information about the physical environment and allow users to control or adjust devices based on their requirements. The advent of the Internet of Things (IoT) and its rising set of applications in lighting systems has contributed to the growth of the market. Moreover, advancements in technologies that allow the easy integration of functions such as ambient sensing and voice control in lighting systems have widened and diversified the scope of smart lighting applications.

Smart lighting systems use wired and wireless communication protocols such as Bluetooth, Wi-Fi, ZigBee, DALI, EnOcean, and Sigfox for the networking of necessary components. Lighting control modules receive real-time information such as the lighting environment and transmit signals to the lighting system or luminaires to undertake actions such as switching on or switching off lights and adjusting brightness. For instance, Hue Lighting by Philips is a smart home lighting system, which provides an entire range of lights that can be controlled using the Hue app on smartphones. The emergence of such integrated lighting systems has boosted the demand for smart lamps and smart fixtures.

LED prices have been plummeting over the past years owing to various factors, including overproduction of LED chips and packages and a comparatively slower rise in the demand for LED lamps from the backlight segment. The trend has led to the introduction of low-priced LED chips and packages in the general household lamp segment. Several governments have been promoting the use of LED lights owing to benefits such as energy efficiency, cost-effectiveness, and a longer lifespan when compared to other lighting.

Moreover, concerns regarding the rising consumption of non-renewable power, which is a major contributor to greenhouse emissions and environmental deterioration, are rising among consumers and enterprises. Lighting is an indispensable requirement in daily activities and accounts for around 15% of global electricity consumption and around 5% of global greenhouse gas emissions. Conserving the energy utilized in lighting can significantly limit carbon emissions and improve environmental health. Increasing pressure to make changes on this front has encouraged several policymakers and governments to implement sustainable policies to promote energy-saving lighting products. Additionally, several governments are promoting and providing education on sustainable energy-saving practices to end consumers. Increased awareness related to the quality of health and energy conservation practices could drive the demand for energy-saving products in the near future.

However, the total cost of ownership of smart lighting includes the direct and indirect expenses incurred during the complete life cycle of owning or using a smart lighting product. It includes the cost of equipment, cost of installation, deployment, operation, upgrading, production, and maintenance. Moreover, smart lights consist of various components such as sensors, control systems, dimmers, switches, and software. As a result, the initial costs of smart lights are higher than conventional lights, which may compel several residential owners and low-budget end-users to select alternate or conventional energy-saving lighting. This could limit the adoption of smart lights to a certain extent. Also, smart lights are sometimes incompatible with conventional infrastructures and fittings due to the difference in their form factor and circuitry, which means the switches may have to be replaced at times. Similarly, all the smart lighting fixtures associated with conventional or existing fittings cannot be used with all lighting sources as an enclosed fixture does not allow the heat to dissipate from the bulb. LED bulbs dissipate less heat as compared to incandescent bulbs because of the heat sink installed at the base of the LED bulb. However, if the LED bulb is enclosed in a closed housing, it would not be able to dissipate the generated heat effectively and the overall lifespan of an LED lamp may be reduced. Such compatibility concerns could restrain the growth of the market.

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• The global next generation non-volatile memory market size was valued at USD 6.15 billion in 2023 and is projected to grow at a CAGR of 17.8% from 2024 to 2030. Next-generation non-volatile memory (NVM) technologies are emerging storage solutions that enable high-speed data access and maintain data integrity during power loss.

• The global embedded non-volatile memory market size was valued at USD 3.88 billion in 2023 and is projected to grow at a CAGR of 11.5% from 2024 to 2030. The increasing use of embedded non-volatile memory (eNVM) in consumer electronics, such as smartphones, wearables, and IoT devices, drives the market growth.

Smart Lighting Market Segmentation

Grand View Research has segmented the global smart lighting market based on component, connectivity, application, region:

Smart Lighting Component Outlook (Revenue, USD Million, 2018 - 2030)
• Hardware
o Lamp
o Luminaire
• Software
• Services

Smart Lighting Connectivity Outlook (Revenue, USD Million, 2018 - 2030)
• Wired
• Wireless

Smart Lighting Application Outlook (Revenue, USD Million, 2018 - 2030)
• Indoor
o Residential
o Commercial
• Outdoor
o Highways and Roadways
o Architectural
o Others

Smart Lighting Regional Outlook (Revenue in USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o Saudi Arabia
o South Africa
o UAE

Recent Developments

• In March 2023, Itron, Inc. signed a contract with Duquesne Light Company (DLC) to improve operational efficiency, update infrastructure, and enable smart city applications. Itron plans to supply DLC with its smart street lighting solution, which includes LED lights, sensors, and software for dimming, collecting data, and controlling traffic. The solution is expected to assist DLC in conserving energy, improving safety, and better understanding how its consumers use its services.

• In January 2023, YEELIGHT, a smart lighting manufacturer unveiled a new range of products including the Cube Smart Lamp, an Automatic Curtain Opener, and a Smart Scene Panel. These products work with the new smart home standard, Matter, which is expected to be released later this year.

• In October 2022,IDEAL INDUSTRIES, INC. announced the sale of Casella, its occupational and environmental monitoring equipment business, to TSI Instruments Ltd., a subsidiary of TSI Incorporated. This strategic divestiture allows IDEAL to focus on its core business and growth ambitions in the professional electrician products, high power density connections, and superior charging solutions markets.

• In September 2022, Alcorcón, a city in Spain, launched a smart city pilot project with Itron's intelligent street lighting solution. The project includes upgrading existing streetlights to LEDs and adding Networked Lighting Controllers (NLCs) from Itron. The NLCs provide the ability to dim and control lights, as well as collect health status data and provide advanced configuration options.

• In August 2022, Häfele America Co. launched the Loox Illuminated Wireless Adjustable Shelf System, a new LED lighting innovation. This system is meant for frameless cabinets such as closets, entertainment centers, kitchens, and pantries. It comes with wireless controllers, adjustable shelves, and a variety of lighting options to suit the user’s needs.

• In July 2022, Signify Holdings. introduced a new line of smart WiZ lighting solutions designed to improve daily comfort and convenience. The new collection adds to the existing line-up with table and floor lamps, a portable light switch, and new ceiling lights and lamps.

 

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Key Companies profiled:
• Acuity Brands Lighting, Inc.
• Signify Holding
• Honeywell International Inc.
• Itron Inc.
• IDEAL INDUSTRIES, INC.
• Häfele America Co.
• Wipro Lighting
• YEELIGHT.
• Sengled Optoelectronics Co., Ltd.
• Verizon
• Schneider Electric

 

Physical Security Market Insights And Technologies Shaping The Industry

 Physical Security Industry Overview

The global physical security market size was valued at USD 127.01 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The need to secure the physical environment from activities such as crime, vandalism, potential burglaries, theft, and fire incidences is one of the crucial factors expected to drive the market. Moreover, factors such as increased spending on the security to protect organization’s critical asset, adoption of cloud-based data storages, advanced analytics, as well as technological developments in access control and video surveillance are some of the key trends expected to drive the market growth.

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In addition, the shifting focus from legacy solutions such as badge readers, alarm systems, and door locks to advanced logical security which encompasses breach detection, threat management, and intrusion prevention, among others, has helped the organization and government agencies to deter crime incidence and breach at a higher success rate.

For instance, in September 2022, Axis Communications launched two multidirectional, dual-sensor cameras. They are designed for 24/7 operation in difficult lighting conditions and provide excellent wide-angle overviews and zoomed-in detailed coverage. These powerful cameras use a deep learning processing unit based on ARTPEC-8 (DLPU), making it possible to collect and analyze more data and improve processing and storage capacities.

This will help securely communicate precise information about the emergency, such as the severity, kind of danger, and position within the affected building, all before the first rescuers arrive. Governments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems. Additionally, modernizing the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries.

Organizations are increasingly concerned about employee safety and are hence setting up systems to prevent unauthorized access; further driving the demand for physical security solutions. The physical security environment continues to evolve globally. During the past few years, numerous sectors and leading industries such as BFSI, residential, government, and transport, among others have witnessed a swift growth in the number of security breaches.

Furthermore, the growing concerns to ensure the safety of resources, people, and vital assets, against physical threats and unique vulnerabilities are anticipated to become major factors driving the need for a robust security environment. Moreover, rising threat incidents have surged the need to strengthen efforts to maintain a highly secured physical infrastructure at residential as well as business premises.

For instance, in August 2022, Uber and ADT teamed up to integrate ADT's mobile safety solutions into the Uber app. ADT is the most reputable name in smart home and small business security. Uber users in the U.S. can now contact ADT professional monitoring specialists by phone or text to receive live assistance. By integrating ADT's 24/7 professional monitoring, Safe by ADT helps secure millions of gig economy employees and customers. It gives them access to assurance and emergency services when they most need them.

Governments across major regions are continuously involved in strengthening their physical security infrastructure to curb the growing threats. For instance, in December 2021, Axis Communications, AB., a Sweden-based company that provides services to private sectors and governments around the world, launched its body-worn camera for the private security of government officials. The body-worn cameras have advantages of multiple benefits for liability protection, personal safety, and operational efficiency.

The advent of technology such as the Internet of Things (IoT) has potentially created vulnerabilities with additional entry points into the data systems through the connectivity of physical objects. However, IoT has also widened the scope of opportunities for the consumer by enabling data protection through the advanced connected networks of the physical security system.

Furthermore, innovations and technological advancement in integrated sensors, video, and access systems for IoT-enabled devices are anticipated to spur the market at a high rate. For instance, in September 2021, Intel Corporation stated that it uses a software-based IoT platform to manage its physical security and virtual device access. Further, this also ensures that only authorized workers have physical access to the devices through keys or access credentials.

Browse through Grand View Research's Electronic Security Industry Research Reports.

• The global IR camera market size was valued at USD 7.79 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2030. As concerns about safety and security continue to rise, businesses, government agencies, and homeowners are investing in infrared camera (IR) cameras to enhance their monitoring capabilities.

• The global commercial radars market size was estimated at USD 6.44 billion in 2023 and is expected to grow at a CAGR of 7.6% from 2024 to 2030. Commercial radars are a dynamic market encompassing a wide range of applications such as aviation, marine, weather monitoring, automotive, security, etc.

Physical Security Market Segmentation

Grand View Research has segmented the global physical security market report based on the component, organization size, end-user, and region:

Physical Security Component Outlook (Revenue, USD Billion, 2017 - 2030)
• Systems
o Physical Access Control System (PACS)
o Video Surveillance System
o Perimeter Intrusion Detection And Prevention
o Physical Security Information Management (PSIM)
o Physical Identity & Access Management (PIAM)
o Fire And Life Safety
• Services
o System Integration
o Remote Monitoring
o Others

Physical Security Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)
• SMEs
• Large Enterprises

Physical Security End-user Outlook (Revenue, USD Billion, 2017 - 2030)
• Transportation
• Government
• Banking & Finance
• Utility & Energy
• Residential
• Industrial
• Retail
• Commercial
• Hospitality
• Others

Physical Security Regional Outlook (Revenue, USD Billion 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
• Asia Pacific
o China
o India
o Japan
• South America
o Brazil
• Middle East & Africa

Order a free sample PDF of the Physical Security Market Intelligence Study, published by Grand View Research.

Key Companies profiled:
• Hangzhou Hikvision Digital Technology Co., Ltd.
• Honeywell International, Inc.
• Genetec Inc.
• Cisco Systems Inc.
• Axis Communications AB
• Pelco
• Robert Bosch GmbH
• Johnson Controls
• ADT LLC
• Siemens

Head-Up Display Market Segmentation And Comprehensive Overview By Application

 

Head-Up Display Industry Overview

The global head-up display market size was valued at USD 4.75 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.7% from 2023 to 2030. The growth of the market is primarily driven due to the low cost of products and easy integration with smartphones, which enhances the safety of drivers by reducing distractions. Innovative solutions such as global positioning systems and augmented reality that can be integrated with the head-up display system further drive the industry's demand. HUD is a transparent display that presents information in the driver's line of sight without looking away from the road. HUDs were initially developed for aviation and military applications but are increasingly used in automobiles, commercial aircraft, and other wearables.

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The increase in the purchasing power of individuals due to growth in disposable income is expected to fuel the industry's growth. The modern-age population is becoming more tech-savvy and accepting technologically advanced products that promote safer driving practices. Furthermore, increasing awareness regarding safety is a major factor driving further growth.

A typical head-up display consists of a projector unit, a display system, a programmed computer, and connecting chords. It is available in diverse types, such as fixed-mounted HUD, helmet-mounted HUD, and so on, and offers an advanced way of viewing navigation directions. The system can also be coupled with adaptive cruise control, a recent innovation in car transport systems, to offer the best safety systems.

The improved standard of living of the global population has resulted in increased affordability for premium cars, which has boosted the usage of head-up displays for navigation purposes. Though several automobile manufacturers offer head-up display systems as an additional feature, it may eventually become necessary for every car manufacturer to implement them for improved safety and enhanced user experience.

Browse through Grand View Research's Display Technologies Industry Research Reports.

• The global 4K TV market size was valued at USD 244.51 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030. 4K TVs display pictures in four times better resolution (2160p) than full HD TVs (1080p).

• The global 3D rendering market size was estimated at USD 3.74 billion in 2023 and is expected to grow at a CAGR of 17.9% from 2024 to 2030. The market is primarily driven by technological advancements, increasing demand across various industries, and the growing need for high-quality visual content.

Head-Up Display Market Segmentation

Grand View Research has segmented the global head-up display market based on application and region:

Head-up Display Application Outlook (Revenue in USD Million, 2017 - 2030)
• Automotive
o Premium/Luxury Cars
o Sports Cars
o Basic & Mid-segment Cars
• Aviation
• Wearables
• Others

Head-up Display Regional Outlook (Revenue in USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o United Arab Emirates (UAE)
o Saudi Arabia
o South Africa

Recent Developments

• In February 2023, AeroBrigham acquired the SkyDisplay HUD division from MyGoFlight and rebranded it as AeroDisplay. The company intends to further enhance the HUD by developing configurations for more Part 23 aircraft and Part 27 helicopters. AeroDisplay plans to incorporate engine and external load information into the HUD's display for helicopters. Additionally, AeroDisplay integrates with thermal imaging systems, such as the Astronics Max-Viz enhanced flight vision system.

• In January 2023, HARMAN International launched HARMAN Ready Vision, a range of Augmented Reality (AR) head-up display hardware and AR software products. The AR software of Ready Vision integrates with vehicle sensors to provide immersive audio and visual alerts, delivering crucial information to the driver accurately and promptly without being disruptive. Additionally, the system utilizes computer vision and machine learning for precise 3D object detection, enabling the driver to receive non-intrusive warnings for potential collisions, blind spots, lane departures, lane changes, and low-speed zones.

• In May 2022, BAE Systems announced the launch of LiteWave, an innovative compact Head-Up Display (HUD) designed exclusively for aviation cockpits with restricted space. The HUD utilizes BAE Systems' unique waveguide technology and is flexible to accommodate different flying postures. This function allows pilots to maintain situational awareness even in adverse weather or low visibility scenarios.

• In February 2022, Continental AG launched a head-up display (HUD) for trams, developed by their in-house team at Continental Engineering Services (CES). This innovative display aims to enhance safety in urban traffic by allowing tram drivers to concentrate fully on the road, reducing the need for emergency braking. Additionally, the increasing prevalence of cellphone distractions among road users has contributed to a growing number of accidents involving trams, prompting the need for improved safety measures.

• In January 2022, Panasonic Corporation of North America announced the launch of Augmented Reality HUD (AR HUD) 2.0, incorporating an innovative eye tracking system (ETS) to enhance the AR experience. This exclusive technology is made possible by integrating an IR camera into the AR HUD projector and optics, eliminating the necessity for a separate camera focused on the driver. The ETS accurately detects the driver's gaze direction and optimizes the AR visuals to ensure clear and precise imagery, resulting in a more intuitive and enjoyable user experience.

• In January 2022, CY Vision announced the launch of a 3D Augmented Reality Head-Up Display (3D AR-HUD), a groundbreaking windshield technology that offers uninterrupted depth and authentic 3D functionality. This cutting-edge display surpasses all other augmented reality displays available in terms of its expansive field of view, catering to various distances and weather conditions.

 

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Key Companies profiled:
• BAE Systems
• Continental AG
• DENSO CORPORATION
• Elbit Systems Ltd.
• Visteon Corporation
• YAZAKI Corporation
• Robert Bosch LLC
• Collins Aerospace
• Thales

 

Perimeter Security Market Forecast Report Will Helps To Decide What To Expect In The Next Five Years

 Perimeter Security Industry Overview

 

The global perimeter security market size was valued at USD 64.60 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030. The increasing threat of terrorism and cross-border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, resulting in market growth. A rise in the development of smart cities and infrastructure is the key factor driving the market.

 

Government support for implementing different security systems at critical locations is on the rise. Technological advancements in the field of automation have resulted in the rapid adoption of the latest techniques, such as video analytics and aerial drones to provide better results. With the growing safety concerns among the general population, the manufacturers have come up with a new multilayered perimeter protection solutions. Some of the technologies that are gaining popularity are electronic fencing with sensors and infrared and integrated fiber-optic intrusion detection systems. Perimeter security systems find applications particularly at national borders, military & defense sectors, government offices, commercial domains, banks, correctional sites, and other huge industrial plants in various segments.

 

Gather more insights about the market drivers, restrains and growth of the Perimeter Security Market

 

In the recent years the world has witnessed a tremendous rise in illegal activities, breaches of security systems, planned crimes, and terrorism activities and this has led to increased awareness among citizens as well as industries and governments. As a result, various security systems are deployed at different locations in an attempt to strengthen security. However, the increasing cost of implementing these systems is estimated to hinder the growth of the market. Moreover, improving the reliability of the systems is another challenge for all manufacturers.

 

Browse through Grand View Research's Electronic Security Industry Research Reports.

• The global physical security market size was valued at USD 127.01 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030.
• The global industrial barrier systems market size was estimated at USD 2.16 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030.

 

Perimeter Security Market Segmentation

 

Grand View Research has segmented the global perimeter security market based on system, service, end use, and region:

 

Perimeter Security System Outlook (Revenue, USD Million; 2017 - 2030)

• Access Control Systems
• Alarms & Notification Systems
• Intrusion Detection Systems
• Video Surveillance Systems
• Barrier Systems
  • Active Barriers
  • Passive Barriers
• Others

 

Perimeter Security Service Outlook (Revenue, USD Million; 2017 - 2030)

• System Integration & Consulting
• Risk Assessment & Analysis
• Managed Services
• Maintenance & Support

 

Perimeter Security End-use Outlook (Revenue, USD Million; 2017 - 2030)

• Commercial
• Government
• Industrial
• Military & Defense
• Transportation
• Others

 

Perimeter Security Regional Outlook (Revenue, USD Million; 2017 - 2030)

• North America
  • S.
  • Canada
• Europe
  • France
  • Germany
  • K.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

 

Order a free sample PDF of the Perimeter Security Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:

• Axis Communications AB
• Barrier1 Systems, Inc.
• Optex, Inc.
• Honeywell International, Inc.
• Tyco International Ltd.
• Puretech Systems
• Senstar Corporation
• Delta Scientific Corporation
• RBtec Perimeter Security Systems
• Cias Elettronica Srl

 

Recent Developments

• In December 2021, Axis Communication AB released an open-source project for video authentication to ensure the integrity of surveillance videos. As its own version of open-source authentication software, the company has developed signed video that adds a cryptographic checksum to the video, which is then signed by the Axis device ID, proving that the video was created within a specific Axis camera.
• In November 2021, Bosch Building Technologies acquired Protec Fire and Security Group Ltd., a U.K.-based system integrator of security and fire alarm technology company.

Interactive Display Market Sustainability Practices And Eco-Friendly Solutions

Interactive Display Market Size & Trends

 

The global interactive display market size was valued at USD 41.45 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The study comprises interactive kiosk, video walls, table, monitors, and whiteboard. The interactive or touchscreen display is a display unit that accepts user commands with the help of a finger or stylus in place of peripheral devices, such as a mouse or keyboard. Additionally, these displays include screens that project information, such as texts, images, and videos. These display screens are used in various industries, such as retail, healthcare, hospitality, and education. The market is expected to witness significant growth in the coming years, primarily owing to increasing demand for digital classrooms as well as growing adoption of these displays, such as video walls and tables. These video walls and tables are used at transit spaces/public transportation, such as railway stations and airports.

 

Gather more insights about the market drivers, restrains and growth of the Interactive Display Market

 

Rapidly increasing adoption of touchscreen tables as well as video walls in the hospitality and corporate sectors is expected to drive the market during the forecast period. The touchscreen table acts as a menu board to indicate the waiting time of the orders taken from the customer, along with prices and ingredients. Furthermore, the use of touchscreen tables in corporate meetings has been observed to provide a better experience for the clients as well as employees. The use of such technology in offices allows better engagement between employees, management, and clients.

 

Digitalization in the education sector involving the use of new technologies, such as smartphones, tablets, laptops, and touchscreen whiteboards and tables, projectors, and kiosks in classrooms, increases student engagement and makes the learning process more reciprocal, resulting in increased learning retention levels. Moreover, these displays help in maintaining a convenient communication environment that encourages group learning, participation, and creativity in the classroom, along with feedback not only between teachers and students but also among the students themselves. Besides, these display technologies permit teachers to include media, games, audio clips, and video clips in their lessons. In the past few years, student preferences have been witnessing a paradigm shift towards digital learning as it allows them to learn through relevant digital content.

 

Furthermore, factors such as internet penetration and changing preferences towards technology have positively influenced the adoption of touch display technologies. Additionally, the rising emphasis on gamification in the education system has boosted market growth. Gamification is considered to be an influential tool, which improves the medium of delivering lectures by incorporating lessons in the form of games and helps to develop cognitive skills and effective interaction in classrooms. Moreover, it enables the integration of 3D characters and game mechanics into effective courseware to make the learning process more reciprocal for students.

 

Browse through Grand View Research's Display Technologies Industry Research Reports.

 

• The global outdoor LED display market sizewas valued at USD 7236.9 million in 2022 and is expanding at a compound annual growth rate (CAGR) of 15.9% from 2023 to 2030. The increasing demand for digital advertising and the rising popularity of large-scale events drive market growth.
  
  
• The global smart TV market size was valued at USD 197.82 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2023 to 2030. The increased popularity of content on over-the-top (OTT) services has provided a boost to the smart TV market.

 

Interactive Display Market Segmentation

 

Grand View Research has segmented the global interactive display market on the basis of display type, application, and region.

 

Interactive Display Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Kiosk
• Video Wall
• Tables
• Monitor
• Whiteboard

 

Interactive Display Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Retail
• Hospitality
• Healthcare
• Transportation
• BFSI
• Corporate
• Entertainment
• Education
• Others

 

Interactive Display Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

 

Order a free sample PDF of the Interactive Display Market Intelligence Study, published by Grand View Research.

 

Key Companies profiled:

 

• Panasonic Corporation
• Horizon Display, Llc
• Lg Display Co.
• Ideum
• Marvel Technology (China) Co., Ltd
• Sharp Corporation
• Tableconnect

Flexible Electronics Market: Impact Of Wearable Technology On Industry Dynamics

 

Flexible Electronics Industry Overview

The global flexible electronics market size was valued at USD 24.94 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030. A noticeable increase in the adoption of laptops and smartphone products by consumers and the wide applicability of flexible electronics such as flexible batteries and displays in the consumer electronic industry is a major factor expected to drive the global flexible electronic market growth. Consumer electronics manufacturers are focused on developing advanced products that are small and have better functionality. Integrating flexible displays and batteries aids in developing lightweight, rugged, bendable, and durable products.

Gather more insights about the market drivers, restrains and growth of the Flexible Electronics Market

The healthcare sector across the globe is witnessing rapid advancements in medical devices, surgical procedures, and diagnostic tools. Also, consumers’ demand for minimal surgical/diagnostic procedures is gaining traction, which calls for medical devices/equipment with excellent electrical properties, flexibility, and stretchability. This high demand for advanced medical devices/equipment is expected to increase demand for flexible batteries and sensors, which is another factor expected to support the growth of the global flexible electronic market. For instance, in May 2022, Vivalink, a global digital healthcare solution provider, launched the multi-vital blood pressure patch for commercial and R&D purposes. This patch aids in monitoring and capturing ECG traces, heart rates, respiratory rates, and others, through electrical signal-based technology.

The sales of commercial and passenger vehicles in countries such as the U.S., China, and India are witnessing rapid growth due to increasing consumer spending. The vehicle manufacturers are focused on introducing vehicles with advanced features and better interiors, such as thin-film heaters, flexible backlighting, and capacitive touch surfaces, to differentiate between other models and attract more customers. Thus, the wide applicability of printed sensors and batteries in the automotive sector is expected to support the growth of the market.

The entertainment and gaming industry constantly strives to provide consumers with more immersive experiences. From virtual reality (VR) headsets to curved OLED displays, flexible electronics enable the creation of devices that offer a more immersive and realistic user experience. For instance, curved screens wrap around the user's field of vision, enhancing the feeling of presence in virtual environments. As a result, manufacturers are increasingly investing in flexible display technologies to cater to this demand for immersive content consumption. The gaming industry substantially impacts the development of flexible electronics, particularly by designing gaming consoles and portable gaming devices.

Browse through Grand View Research's Electronic Devices Industry Research Reports.

• The global frame grabber market size was valued at USD 1.65 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. Frame grabbers are crucial components in various applications, from machine vision to medical imaging, and innovations in this field are continuously expanding their capabilities.

• The global industrial and commercial LED lighting market size was valued at USD 51.37 billion in 2023 and is projected to grow at a CAGR of 10.2% from 2024 to 2030. Lower prices of semiconductor chips and components are leading to decreasing manufacturing costs.

Flexible Electronics Market Segmentation

Grand View Research has segmented the global flexible electronics market based on component, application, and region:

Flexible Electronics Component Outlook (Revenue, USD Million, 2018 - 2030)
• Displays
• Batteries
• Sensors
• Memory Devices
• Others

Flexible Electronics Application Outlook (Revenue, USD Million, 2018 - 2030)
• Consumer Electronics
o Television
o Wearable Devices
o Smartphone
o Others
• Automotive
• Healthcare
• Industrial
• Others

Flexible Electronics Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
• MEA
o U.A.E.
o Saudi Arabia
o South Africa

Order a free sample PDF of the Flexible Electronics Market Intelligence Study, published by Grand View Research.

Key Companies profiled:
• 3M
• E INK HOLDINGS INC
• First Solar
• General Electric
• ITN Energy Systems Inc.
• LG Electronics
• MFLEX
• Palo Alto Research Center LLC
• SAMSUNG
• SOLAR FRONTIER K.K.