#US Italy Smart Cities Market

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Italy Smart Cities Market Outlook for Forecast Period (2023 to 2030)

Italy's Smart Cities are Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

Smart cities in Italy are an emerging trend in urban development, whereby local governments use data-driven solutions and cutting-edge technologies to transform city life. These smart cities use cutting-edge digital technologies, data analytics, and innovative infrastructure to maximize resource management, increase public services, and improve the general well-being of its residents. A prime example of an Italian smart city project is "Milan, the Digital City." Milan, the thriving financial and economic hub of Italy, has made great progress toward becoming a smart city. This effort is made up of several related projects that are all meant to use innovation and technology to the advantage of the city.

Italy's smart city market is expanding steadily for a number of reasons. First, through a variety of legislative initiatives, financial incentives, and funding sources, the Italian government has aggressively promoted and assisted smart city initiatives.

Cities are now in a better position to adopt efficient and sustainable practices thanks to this help. Like many other nations, Italy is rapidly becoming more urbanized as more people relocate there in quest of better job prospects. The need for intelligent solutions to effectively manage resources, infrastructure, and services has increased as cities get denser. The growth of the smart city has been greatly aided by technological advancement.

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Leading players involved in the Italy Smart Cities Market include:

Acea (Europe), Siemens (Germany), Cisco (US), Enel X (Italy), ABB (Switzerland), Huawei (China), Atos (Italy), IBM (US), BCW Group (Italy), Schneider Electric (France), Comune di Bologna (Italy), Engie (Italy), Esri Italia (Italy), Accenture (Ireland), Vodafone (UK), General Electric (GE) (US), Lumen (US), Nokia (Finland), Philips (Netherlands), Ineco (Spain), Other Major Players. 

Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

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Segmentation of Italy Smart Cities Market:

By Solution and Service        

Smart Mobility Management

Smart Public Safety

Smart Healthcare

Smart Building

Smart Utilities

Others

By Component          

Hardware

Software

Service

By Level         

Emerging Smart Cities

Developing Smart Cities

Mature Smart Cities

By End-user   

Government & Municipalities

Transportation & Logistics

Energy & Utilities

Healthcare

Education

Others

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Smart Clothing: The Future of Wearable Technology.

The latest research Report on the Global Smart Clothing Market is experiencing rapid growth due to the increasing integration of wearable technology into everyday apparel. Smart clothing incorporates advanced sensors, fabrics, and connectivity features to monitor and analyze various parameters such as heart rate, body temperature, posture, and movement. This innovation is being driven by the rising demand for health monitoring, fitness tracking, and performance optimization across sectors like healthcare, sports, defense, and fashion.

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Key Matrix for Latest Report Update Base Year 2023, Estimated Year 2024, CAGR 2024 to 2030

Key Players In The Global Smart Clothing Market:

AIQ Smart Clothing, Athos Sensoria Inc., Carre Technologies Inc, Applycon S.R.O., Cityzen Sciences, Clothing Plus, Dupont, Vulpes Electronics, and Wearable X.

Market segmentation

Global Smart Clothing Market Segment by Product:

Apparel Footwear Wearable Patches Others

Global Smart Clothing Market Segment by End User:

Healthcare Sports & Fitness Fashion & Lifestyle Military

Regional Analysis for Global Smart Clothing Market:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

MEA (Saudi Arabia, UAE, South Africa)

Key Features:

Embedded Sensors and Electronics:

Smart clothing is equipped with sensors to monitor vital signs, activity levels, and environmental conditions in real time.

Wireless Connectivity:

Most smart garments feature Bluetooth or Wi-Fi capabilities for seamless integration with smartphones, tablets, and other devices.

Health Monitoring:

Smart clothing can track parameters like heart rate, respiratory rate, and muscle activity, aiding in medical diagnostics and fitness routines.

Performance Tracking:

Athletes and fitness enthusiasts use smart apparel to monitor movement, posture, and effort, optimizing training and minimizing injury risks.

Key questions answered

Who are the Leading key players and what are their Key Business plans in the Global Smart Clothing Market?

What are the key concerns of the five forces analysis of the Global Smart Clothing Market?

What are different prospects and threats faced by the dealers in the Global Smart Clothing Market

What possible measures players are taking to overcome and stabilize the situation?

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QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence.

QualiKet Research strive hard to simplify strategic decisions enabling you to make right choice. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. Our experts provide deep insights which is not available publicly that enables you to take bold steps.

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Global Biodegradable Plastic Market Report 2024 – 2030

The Global Smart Refrigerator Market is witnessing rapid growth as consumers increasingly seek advanced, tech-savvy home appliances. Smart refrigerators integrate cutting-edge technology to enhance convenience, improve food storage efficiency, and provide real-time connectivity with other smart devices. Features like Wi-Fi connectivity, voice control, inventory tracking, energy management, and remote monitoring are revolutionizing the way people use and manage their refrigerators.

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Key Matrix for Latest Report Update • Base Year: 2023, Estimated Year: 2024 , CAGR: 2024 to 2030

Prominent Key Players In The Global Smart Refrigerator Market:

LG Electronics, Haier Group Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd, Hisense Co ltd., Whirlpool Corporation, GE Appliance, Siemens AG, Electrolux AB, and Midea Group

Global Smart Refrigerator Market Segmentation:

Global Smart Refrigerator Market is segmented into type such as Single Door, Double Door, French door, Door-in-Door, and Side by Side, by end use such as Commercial, and Residential. Further, market is segmented into sales channel such as Online, and Offline.

Also, Global Smart Refrigerator Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Global Smart Refrigerator Market Segment by End Use:

Commercial

Residential

Global Smart Refrigerator Market Segment by Sales Channel:

Online

Offline

Regional Analysis for Outbreak- Global Smart Refrigerator Market:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

MEA (Saudi Arabia, UAE, South Africa)

Key Drivers and Challenges influencing Global Smart Refrigerator Market:

As smart homes gain popularity, consumers are increasingly adopting appliances like smart refrigerators that integrate seamlessly into connected ecosystems.

Features like voice control, AI-powered inventory management, energy efficiency, and IoT connectivity are attracting tech-savvy buyers.

Growing Focus on Energy Efficiency With rising awareness about sustainability and energy savings, smart refrigerators with energy-efficient technologies are becoming more appealing.

Smart refrigerators are significantly more expensive than traditional models, limiting their adoption among price-sensitive consumers.

Advanced features may seem overwhelming to less tech-savvy users, reducing their willingness to invest in these products.

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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers.

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QualiKet Research strive hard to simplify strategic decisions enabling you to make right choice. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. Our experts provide deep insights which is not available publicly that enables you to take bold steps.

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Wood Coating Additives Market-Industry Forecast, 2024–2030

Wood Coating Additives Market Overview

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COVID-19 Impact

Various countries have declared a complete national lockdown as a result of the corona virus 2019 (COVID-19) outbreak. These decisions have restricted the movement of people and resulted in a complete shutdown of many businesses across many sectors. The construction industry, as a significant growth driver of the economy with no exception, has also been completely shut down. All the developments and projects were postponed until further notice. For instance, the construction output in Great Britain fell by a record 35.0% in Quarter 2 (Apr to June) 2020 compared with Quarter 1 (Jan to Mar) 2020. This value decline was due to the Corona Virus pandemic. With the decrease in building and construction operation, the demand for furniture has significantly fallen, which is having a major impact on the wood coating additives market.

Report Coverage

The report: “Wood Coating Additives Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the wood coating additives Industry.

By Formulation: Water Based System, Solvent Based System, Radiation Cured System, and Others.

By Type: Dispersing Agents, Rheology Modifiers, Defoamers, Micronized Waxes, Emulsions, Wetting & Leveling Agents, Surface Modifiers, and Others.

By End-Use Industry: Food Industry (Trays, Pallets, and Others), Building and Infrastructure (Residential, Commercial, and Industrial), Furniture (Outdoor, and Indoor), and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (U.K, Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

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Key Takeaways:

Asia-Pacific dominates the wood coating additives market, owing to the increasing building & infrastructure activities in the APAC due to various government initiatives such as “100 smart cities” and “Housing for all by 2022”.

The primary purpose of using coating additives in wood is to manufacture superior quality wood surfaces. Additives are often used in wood coatings for a variety of purposes such as better stabilization, hygiene, and decoration of wood.

The coating additives also add some extensive properties to the wooden material such as moisture-resistant, anti-bacterial solution, improved hardness, better appearance, and more. These enhanced properties of wood coating additives are projected to increase the market growth.

However, high regulation on coatings due to its high emission of volatile organic compounds and awareness on damage for deforestation is projected to hinder the growth of wood coatings, which indirectly affects the demand for wood coating additives.

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which various building and construction operations are disruptively stopped, which is hampering the wood coating additives market growth.

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Wood Coating Additives Market Segment Analysis — By Formulation

The solvent based system segment held the largest share in the wood coating additives market in 2020 and is growing at a CAGR of 6% during 2021–2026. A solvent based wood coating additives system offers a liquid protective layer that is primarily composed of organic compounds and applied to a material’s surface to prevent corrosion. They are typically more resilient than water based wood coating additives system coatings during the curing time. These coatings have one major advantage over water based wood coating additives systems i.e. they are less susceptible to environmental conditions such as temperature and humidity during the curing phase. Humidity can prevent the water in a water-based system from evaporating, making them impractical in some climates. Thus, solvent based wood coating additives systems are preferred for applications in humid environments. All these superior properties of the solvent based system are the key factor anticipated to boost the demand for wood coating additives during the forecast period.

Wood Coating Additives Market Segment Analysis — By Type

The Rheology modifier segment held a significant share in the wood coating additives market in 2020. For the optimal application of coatings on wood, it is necessary to adjust the rheology profile of the coating with the help of rheology modifiers. This can be managed by using associative thickeners based on polyurethanes. Polyurethane thickeners can be used solely or in combination with each other as well as with other types of thickeners (e.g. polyacrylates or cellulose ethers). In addition, rheology modifiers enable formulators to adjust the flow behavior of coatings, owing to which the wood coatings benefit from improved viscosity. Furthermore, it reduces dripping and a spattering of paint during roller or brush application, which is the major driving factor for the Rheology modifier additives during the forecast period.

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Wood Coating Additives Market Segment Analysis — By End-Use Industry

The furniture segment held the largest share in the wood coating additives market in 2020 and is growing at a CAGR of 5% during 2021–2026, owing to the increasing usage of wood in the manufacturing of the furniture industry. This exceptionally versatile material is commonly used as a building material as it is a natural resource, which makes it readily available and economically feasible. It is remarkably strong in relation to its weight, provides good insulation from the cold, and can be fabricated into all kinds of shapes and sizes to fit practically any construction need. Pinewood and whatman filter paper are common substrates used in furniture fungal resistance. Also, wood is an environmentally sustainable product, biodegradable, renewable, and carries the lowest carbon footprint of any comparable building material. In addition, no high-energy fossil fuels are required to produce wood, unlike other common building materials such as brick, steel, or plastic owing to which wood is widely used in the manufacturing of furniture. And wood furniture requires preservation for which coating additives are extensively used over wood, which is the major factor driving the demand for wood coating additives in the furniture industry during the forecast period.

Wood Coating Additives Market Segment Analysis — By Geography

Asia-Pacific region held the largest share in the wood coating additives market in 2020 up to 36%, owing to the increasing demand for furniture in the region. The key factors driving the increase in demand for furniture are the growth of housing and commercial construction and also the increase in income levels that influence customers to adopt global lifestyle options, especially in urban affluent Indians. According to the Trade Promotion Council of India (TPCI), the Indian domestic furniture market is expected to expand at a CAGR of 12.91% from 2020 through 2024. It has been observed that for 2018 and from 2014–18, India’s furniture exports surged at CAGRs of 15% & 8.8% respectively, which is way higher than the world average. According to the United States Department of Agriculture (USDA), China remains the largest wood-based panel producer in the world, accounting for roughly half of global production. Production in 2019 was approximately 325 million meter cube, nine percent higher than in 2018 (299 million meter cube), driven by strong demand from decoration facilities. Thus, with an upsurge in the demand for furniture, the demand for wood coating additives will also subsequently increase to preserve the wooden furniture, which is anticipated to eventually drive the wood coating additives market in the APAC region during the forecast period.

Wood Coating Additives Market Drivers

Flourishing Food Industry

Products derived from wood are widely used in the packaging of food in the form of paper and cardboard. Paper is a very cheap, lightweight product with excellent printing capacity. Although it is very sensitive to moisture, it can be corrected with a combination of paper and other materials such as plastic or paraffin. The wooden packaging is specially designed for cooking or reheating in traditional ovens or microwave ovens. According to the International Trade Administration (ITA), there was an increase of 4.7% in food production in Russia. According to the United States Department of Agriculture (USDA), in 2018, the total value of all retail food and beverage sales in Japan was $479.29 billion (¥53,339 billion), an overall increase of 2.3 percent. According to the United States Department of Agriculture (USDA), China’s food processing industry continued to grow in 2017. Revenue climbed to $1.47 trillion, an increase of 6.3 percent compared with the previous year. The rising disposable income has resulted in the increasing demand for the food industry in various regions, which is further driving the growth of the food packaging industry market. And since additives improve or maintain the food’s nutritive value, make food last longer, make food stay fresh for much longer owing to which the demand for coating additives in wood-based food packaging is increasing. Thus, the expanding food industry acts as a driver for the liquid nitrogen market.

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Increasing Government Initiative Bolstering the Growth of building and infrastructure Industry In Various Regions

The building and construction industry is flourishing in countries such as India, and Singapore as governments are spending heavily on expanding the building and construction industry. The A government-wide program for a Circular Economy, aimed at developing a circular economy in the Netherlands by 2050 is boosting the construction sector in the country. The infrastructure sector has become the biggest focus area for the Government of India. India plans to spend US$ 1.4 trillion on infrastructure during 2019–23 to have a sustainable development of the country. The Government has suggested investment of Rs. 5,000,000 crore (US$ 750 billion) for railways infrastructure from 2018–30. And wood-based products such as furniture are often used in the construction industry. And these wood products to be durable and resistant require coating additives. Hence, with the increase in construction activities across the globe, the demand for wood coating additives will be foreseen to grow enormously. Thus, such government investments and initiatives in the construction industry act as a driver for the market.

Wood Coating Additives Market Segment Analysis Challenges

Presence of Other Substitute Materials

Most wood coatings are done either in a short-term artificial weathering chamber or long-term on an outdoor rack/fence. In both cases, the coatings are exposed to both ultraviolet radiation and water. As moisture is absorbed into the wood structure, the wood swells in proportion to the volume of water absorbed. As moisture is lost, the wood shrinks in proportion to the volume of the water lost. Thus, moisture in the wood end grain is responsible for coating failures. Also, the wood material may be too hard or rough for products like soft fruits, and therefore liners of soft material may be needed, which further increases the expenses owing to which polymeric materials are gaining popularity. Moreover, the continuous manufacturing of wooden-based products such as furniture, crates, pallets, containers, and more have put an extra claim on the natural forest resources, leading to deforestation. All these disadvantages of wood-based products are unlatching doors for other immediate substitute materials such as metal, polymer, composites, and more. Thus, the demand for wood may see a downfall, which may hinder the wood coating additives market growth during the forecast period.

Wood Coating Additives Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the wood coating additives market.

The Top 5 companies in the are: Wood coating additives market

BYK Additives & Instruments

Arkema S.A.

Sherwin-Williams Company

Akzo Nobel N.V.

PPG Industries, Inc.

Acquisitions/Technology Launches

In November 2019, AkzoNobel invested $55 million to transform its wood coatings facility in High Point, North Carolina, and further strengthen the company’s market position in North America.

In October 2019, BASF introduced a new silicone wetting agent-“Hydropalat® WE 3225”, which combines excellent substrate wetting with pronounced defoaming performance. It is designed for use in high-end water-based industrial and automotive coatings and especially wood coatings that require excellent wood grain accentuation.

In October 2019, BASF launched a new high molecular weight dispersing agent-“Dispex® Ultra PX 4290”. Dispex® Ultra PX 4290 in response to surging market demand for a dispersing agent, which enables broad applicability in both inorganic and organic pigments and fillers used in water-based automotive OEM and refinishes coatings, industrial coatings, and wood coatings.

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Switrus Holidays’ Tips for Exploring Europe Like a Pro

Embarking on a Europe tour is a dream for many travelers. With its rich history, stunning landscapes, and vibrant cultures, Europe offers an unforgettable experience. Switrus Holidays, your trusted travel partner, brings you expert advice and tailored Europe tour packages to make your journey seamless and memorable. Whether you're booking Europe tour packages from Mumbai or elsewhere, our tips will help you explore Europe like a seasoned traveler.

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A well-planned trip is the cornerstone of a great experience. Switrus Holidays provides meticulously curated Europe tour packages, ensuring every detail is taken care of, from flights to accommodations. Start by deciding the type of trip you want: a cultural exploration, a romantic getaway, or a nature-filled adventure.

If you're traveling from Mumbai, check out our exclusive Europe tour packages from Mumbai, designed for convenience and value.

2. Pack Smart and Light

Europe's diverse climates mean you should pack according to your itinerary. Include comfortable walking shoes for cobblestone streets, layered clothing for fluctuating weather, and essentials like adapters and travel-sized toiletries. Switrus Holidays provides a packing checklist to help you prepare without overpacking.

3. Master Transportation in Europe

Europe's public transport is highly efficient. From high-speed trains to scenic buses, traveling within Europe is part of the adventure. Switrus Holidays ensures your Europe tour packages include easy-to-navigate transportation plans. Use apps like Google Maps for real-time transit updates and explore city passes for cost savings.

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Europe’s charm lies in its diverse cultures. Whether you’re tasting authentic pasta in Italy, enjoying a croissant in France, or exploring Bavarian traditions in Germany, immerse yourself fully. Switrus Holidays' guides help you experience local festivals, cuisine, and traditions, enriching your Europe tour.

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Switrus Holidays' itineraries balance must-visit landmarks like the Eiffel Tower and Colosseum with lesser-known gems such as quaint villages and serene countryside. With our Europe tour packages from Mumbai, you’ll explore iconic sites while discovering unique, off-the-beaten-path experiences.

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Make the most of your journey with helpful travel apps. From language translators to currency converters, these tools simplify your trip. Switrus Holidays recommends apps to enhance your Europe tour experience and stay connected with real-time updates.

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Europe is a paradise for food lovers. Each destination offers unique flavors, from Swiss chocolates to Spanish tapas. Switrus Holidays ensures your itinerary includes time to explore local food markets and authentic restaurants.

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For a less crowded and more affordable experience, consider traveling during shoulder seasons (spring or autumn). Switrus Holidays offers flexible departure dates in our Europe tour packages, helping you avoid peak-season rush while enjoying milder weather.

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Group tours are an excellent way to explore Europe efficiently and economically. Switrus Holidays organizes group tours with expert guides, allowing you to connect with fellow travelers while making the most of your trip. Our Europe tour packages from Mumbai include group tours for a hassle-free experience.

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Switrus Holidays is committed to delivering unforgettable travel experiences. Our expertly designed Europe tour packages cater to all kinds of travelers, offering flexibility, affordability, and unmatched convenience. With departures from Mumbai and other major cities, we make Europe accessible for everyone.

Final Thoughts

Exploring Europe is an enriching experience, and Switrus Holidays ensures it’s a journey you’ll cherish forever. Whether it’s the historic streets of Rome, the picturesque canals of Venice, or the snowy Alps, our Europe tour packages offer a perfect mix of adventure and relaxation.

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Healthy Buildings Market will reach $71.5 billion by 2031

Meticulous Research® has released a comprehensive report titled “Healthy Buildings Market—Global Opportunity Analysis and Industry Forecast (2024-2031),” projecting that the healthy buildings market will reach $71.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. This growth is driven primarily by increasing awareness regarding air quality, wellness, and mental health in indoor environments, alongside rapid urbanization in developing regions.

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Despite these positive growth indicators, the market faces challenges, particularly the high costs associated with implementing healthy building solutions. Nonetheless, there are significant opportunities, particularly in healthcare, where patient-centered designs are gaining traction. Construction firms are increasingly pursuing green building certifications, further promoting sustainability and enhancing indoor health.

The healthy buildings market also encounters hurdles, especially in terms of integrating new systems with existing infrastructure. However, the incorporation of Internet of Things (IoT) and Artificial Intelligence (AI) technologies into building management is paving the way for innovative solutions. The trend towards developing green cities and the shift to smart buildings are also shaping the market's future.

The competitive landscape of the healthy buildings market is moderately crowded, featuring a mix of large, medium, and small enterprises from global, regional, and local spheres. Key players include prominent companies such as Honeywell International Inc. (U.S.), DAIKIN Airconditioning (Singapore), Johnson Controls International plc (Ireland), Schneider Electric SE (France), Siemens Corporation (Germany), Bosch Sicherheitssysteme GmbH (Germany), Delta Electronics, Inc. (Taiwan), Automated Logic Corporation (U.S.), and others.

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The market is analyzed based on various offerings and end-user segments. Within the offerings, the solutions and tools segment is projected to dominate the market in 2024, driven by the growing emphasis on improving energy efficiency, reducing operational costs, and minimizing environmental impact. The rising adoption of air quality monitoring solutions also supports this segment’s leadership.

In terms of end-users, the commercial segment is expected to capture a substantial share of 43% in 2024. This dominance is attributed to the increasing implementation of advanced ventilation systems designed to mitigate airborne pollutants and allergens, thus fostering healthier work environments. Additionally, the use of healthy building solutions in educational institutions is on the rise, as these tools enhance student engagement, retention, and overall academic performance.

The research report offers a geographical analysis, covering major regions including North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, Netherlands, Sweden, and others), Asia-Pacific (Japan, China, India, South Korea, Singapore, Australia & New Zealand, Indonesia, and others), Latin America (Brazil, Mexico, and others), and the Middle East & Africa (UAE, Saudi Arabia, Israel, and others).

North America is expected to hold the largest share of the market at 38% in 2024. This is fueled by the adoption of advanced technologies like UV air purification systems aimed at improving indoor air quality, alongside strong government regulations and incentives that encourage the implementation of healthy building practices. Overall, the healthy buildings market is positioned for significant growth, driven by evolving consumer preferences and technological advancements aimed at enhancing indoor environmental quality.

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Li-Fi Market — Forecast(2024–2030)

Li-Fi Market Overview

The Global market for Li-Fi Market Size is forecast to reach $ 35310 Million by 2030, at a CAGR of 40.30% during forecast period 2024–2030. The market growth is attributed to the factors such as growing demand for indoor wireless communication technology in the commercial sector, increasing implementation of Li-Fi, Light as a service (LaaS) and other Optical Sensing based technology in healthcare & education sectors and others.

Moreover, rise in penetration of smart devices, construction of smart cities and commercial establishments boosts the market growth. Analysing the widespread use of LED bulbs inside buildings and the large visible light bandwidth, Li-Fi technology is much cheaper and more environmentally friendly than Wi-Fi. In many popular applications, Li-Fi technology has great potential, such as location-based services, mobile connectivity, smart lighting and hazardous environments.

Report Coverage

The report: “Li-Fi market — Forecast (2024–2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Li-Fi market.

By Component type: LEDs, Optical Sensing, Photo-detectors, Microcontrollers, others

By Application: Indoor networking, Location-Based Services, Underwater communication, Smartphone, Standalone Tracker, Advance Tracker, Others

By End Users: Aerospace & Defence, Healthcare, Education, Transportation, Automotive, Consumer Electronics, Retail, Government, Others

By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa)

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Key Takeaways

As digitalisation multiplies the number of connected devices, the bandwidth of radio frequencies is facing a bottleneck due to its small capacity, which impacts the quality of service. Li-Fi technology, on the other hand, uses a visible light continuum for data processing that is free of any scale constraints. The impending RF crunch is therefore an important driver for the Li-Fi market

North America region dominated the global Li-Fi market in 2020 owing to the presence of advanced technologies, large number of manufacturers and the increasing domestic and commercial demands for Li-Fi.

Li-Fi Market Segment Analysis — By Component type

Li-Fi market is segmented into LEDs, Optical Sensing, Photo-detectors, Microcontrollers and others on the basis of component. The market of LEDs is anticipated to hold the highest market share of 48.2% in 2020 and is projected to witness fast growth. This growth can be attributed to increased LED and Light as a Service deployment at commercial establishments and industries. The ability of an LED to modulate swiftly on and off is key to Li-Fi working. These modulation and demodulation schemes transition data from one location to another.

Li-Fi operates by taking and inserting data content into an SSL driver by streaming it. This SSL driver can run a string of high speed LED lamps, turning them on and off. As the LED lamps turn on and off and strobe faster than the eye can see, it illuminates the context area. Their demand in Li-Fi systems is proliferating with several advantages of LEDs such as durability, low power consumption, and high energy output. These advantages contribute to the broad adoption of LEDs in the form of arrays for Li-Fi system infrastructure, supporting the growth of the market.

Li-Fi Market Segment Analysis — By Application type

Indoor networking type segment held the highest market share of Li-Fi in 2020. Moreover, it is anticipated to witness the significant market growth of 25.1% CAGR during the forecast period 2024–2030. Smart buildings are presently acclimatizing to accommodate their residents, in order to enhance dweller cosiness and customer experience. They do this by identifying the coordinates of each user and then providing on-site services such as smart car parking, condition monitoring, logistics and shopping support services through Light as a Service wireless communication technology. The basic idea of Li-Fi technology is to use the visible light of an LED light bulb to transmit high-speed data to a smartphone or tablet-connected photo detector and optical sensing.

Li-Fi Market Segment Analysis — By Geography

North America is anticipated to witness significant market growth of 26.7% during the forecast period 2024–2030. Market growth is attributed to factors such as technological advances, increased demand for energy-efficient appliances and increased demand for high-speed wireless connectivity technology in the area. The region also has a well-established infrastructure which allows easy implementation of advanced technologies and provides better connectivity.

North America, which has prominently taken the lead on various technological developments such as smart homes, smart cities, Internet of Things (IoT), big data and consumer electronics; has emerged as the nucleus for Li-Fi market demand. With majority of the global smart homes, intelligent transport systems and green buildings developing in the U.S., there is upliftment in the market growth of Li-Fi. In the lighting industry, the growth and increase in lifetime of LED lightening has led to the development of new commercial schematics.

Light source coming from LED bulbs provides a pathway for data in Li-Fi technology, Light as a Service and can meet any devices that it illuminates. The strobing of the LED bulb generates a signal for the receiver device, thereby transferring information. This wireless optical networking technique offers great ability to transmit data at a rate of 224 GB per second and is approximately 100 times faster than Wi-Fi.

In January 2019, VLNComm formed the industry’s fastest, most affordable, and most innovative Li-Fi LED lighting panel. The LumiNex panel, introduced and successfully demonstrated to over 500 people at CES 2018 in Las Vegas, is capable of downloading speeds of 108Mbps and upload speeds when combined with the LumiStick 2, 53Mbps. Such product launches boosts the market growth in this region.

Li-Fi Market Drivers

Inexpensive LEDs Ballooning Implementation

LED plays a vital role in the overall growth of the Li-Fi industry as a basic component of Li-Fi networks. Globally, LED is promoted due to features such as low power consumption, a lack of harmful emissions and increased lighting. Moving for the aim of ‘low carbon economy’ and ‘smart cities,’ policymakers around multiple nations are offering discounted prices for LED bulbs in order to raise application rate. Such developments increase the range of potential Li-Fi Systems users.

Adoption over Wi-Fi

Apart from potentially faster speed Li-Fi has multiple other benefits over Wi-Fi. Li-Fi offers a more secure network as light cannot pass through walls; this also minimizes the interference between devices. Li-Fi is also useful in electromagnetic sensitive areas such as in aircraft cabins, hospitals and nuclear power plants without producing electromagnetic interference. Li-Fi technology uses visible light spectrum and can thus communicate data and unravel capacity which is 10,000 times greater than that accessible within the radio spectrum. The present visible light spectrum is abundant, free and unlicensed; this will help in mitigating the radio frequency spectrum crunch effect. This will drive the Li-Fi market over the forecast period

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Li-Fi Market Challenges

Transfer within Room

Li-Fi is unable to relay the path through walls. Wi-Fi is, this drawback of Li-Fi can also be used as a protective mechanism where communication only takes place within a certain space and gadgets that are not present within the room cannot reach it.

Li-Fi Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Li-Fi market. As of 2019, the market for Li-Fi market is consolidated with the top players General Electric (U.S.), Koninklijke Philips N.V. (the Netherlands), Oledcomm (France), PureLiFi Limited (U.K), Panasonic Corporation (Japan), Acuity Brands, Inc. (U.S.), LightPointe Communications, Inc. (U.S.), Velmenni (Tartu), LightBee Corporation (U.S.), FSONA Networks (U.K) and among others.

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Acquisitions/Technology Launches/Partnerships

In June 2019, Signify, the world leader in lighting, launched a new range of LiFi systems that includes the world’s fastest and most reliable LiFi systems commercially available. The range, branded Trulifi, leverages existing and future professional luminaires. Instead of using radio signals (such as WiFi, 4G/5G, Bluetooth, etc.).

In January 2019, Oledcomm announced LiFiMAX, a low-profile ceiling lamp. LiFiMax is an optical wireless communication system that offers an internet connection over light waves to up to 16 users simultaneously at a peak speed of 100Mbps.

Key Market Players:

The Top 5 companies in the Li-Fi Market are:

pureLiFi

Oledcomm

Signify (Philips Lighting)

Wipro Lighting

Panasonic Corporation

[prachicmi]

Online Home Rental Market Primed to Register Strong Growth Due to Rising Demand for Short-Term Accommodations

The online home rental market allows individuals to list, find, and book unique homes, apartments and other lodging accommodations for short-term stays through online services. It provides a hassle-free alternative to conventional hotels by offering culturally immersive accommodation experiences in residential settings. The COVID-19 pandemic has further boosted demand for home rentals as people prefer self-contained living over shared spaces in hotels. The global online home rental market is estimated to be valued at US$ 107 billion in 2024 and is expected to exhibit a CAGR of 13% over the period 2024-2028.

Rapid growth of the sharing economy and digital disruption have made online home rental services far more accessible than traditional channels. The ability to instantly book unique homes located almost anywhere in the world through user-friendly websites and mobile apps has spurred significant market expansion in recent years. Key Takeaways Key players operating in the Online Home Rental Market Size are Airbnb, Booking.com, Expedia Group and TripAdvisor. The key opportunities in the market include strong growth potential in emerging economies and new product/service innovations. Short-term rentals in suburban and rural areas are gaining traction as travelers seek accommodations away from crowded cities amid the pandemic. Technological advancements pertaining to advanced search filters, instant booking features, automated communications and payments have enhanced the user experience of online home rental platforms tremendously. Integration of virtual tours, multi-lingual support and customizability have further expanded their global reach. Market Drivers The growing popularity of experiential and authentic travel is a major market driver. Home rentals allow travelers to immerse themselves in local cultures and lifestyles instead of conventional hotels. The cost savings compared to hotels, especially in high-traffic destinations, is another factor fueling demand. Short booking windows and flexibility in accommodations also make online home rentals an attractive option for business and leisure travelers.

Current Challenges in Online Home Rental Market

The Online Home Rental Market News is currently facing challenges of low trust between homeowners and potential renters. Many homeowners are hesitant to list their properties on online platforms due to security and privacy concerns. Moreover, verification of details provided by renters on their profiles is a complex task for platforms. This often leads to conflicts between the two parties. Another major challenge is the lack of standardized contracts and regulations across different countries and regions. Laws pertaining to rental agreements vary significantly making operations difficult for platforms having global presence. SWOT Analysis

Strength: Platforms offer huge inventory of rental listings giving more options to travelers. Online verification of documents and background checks of users adds convenience. Weakness: Dependence on third party property owners leads to lack of control over supply. Technology issues and privacy breaches can damage brand value. Opportunity: Growth of shared and short-term rentals present significant untapped potential. Innovation in facilities like smart locks reduces dependency on physical interactions. Threats: Strict Airbnb regulations in some cities poses business risks. Economic uncertainties and public health issues impact travel and living arrangements. Geographical Regions

North America is currently the largest market for online home rentals in terms of value, driven by a large young traveling population and popularity of short weekend getaways. United States and Canada collectively account for over 35% of the global market revenue. Europe is another major regional market led by countries like United Kingdom, France and Italy where rental properties are widely listed on platforms. However, the highest growth rates are projected in the Asia Pacific region over the next 5 years. Countries like India, Indonesia and Thailand are expected to witness strongest uptake of online rental platforms complementing their booming tourism and real estate sectors. Fastest Growing Regions

Among different geographical areas, the Asia Pacific region is poised to emerge as the fastest growing market for online home rentals globally. Factored by strong double digit CAGR of over 18% during the forecast period. Countries like India and Indonesia offer immense untapped potential with expanding middle class population having increased disposable incomes and growing inclination towards experiential traveling. Digital adaptation is alsoVery high among millennial in the region providing a conducive environment for platforms. Furthermore, huge infrastructure investments and business friendly regulations by governments aim to promote real estate and tourism sectors, thereby driving higher adoption of online rental listings.

Get more insights on, Online Home Rental Market

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Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. (LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

[tushar38]

Smart Ticketing Market: Regional Insights and Analysis

Introduction to Smart Ticketing Market

 The Smart Ticketing Market is rapidly evolving as a key component of the digital transformation in the transportation sector. Leveraging technologies like NFC, RFID, and mobile applications, smart ticketing systems offer a seamless, efficient, and contactless solution for fare collection and access management across public transport, entertainment, and events. This market is driven by the growing demand for cashless transactions, enhanced user experience, and the need to reduce operational costs. Key players are focusing on integrating AI and IoT to offer more personalized and secure services, catering to the increasing expectations for convenience and real-time data access. The market's growth is further propelled by the rise of smart city initiatives and the emphasis on sustainability.

Market overview

The Smart Ticketing Market is Valued USD 19.9 billion in 2024 and projected to reach USD 47.3 billion by 2032, growing at a CAGR of 9.78% During the Forecast period of 2024-2032.. The Smart Ticketing Market is experiencing significant growth, driven by the increasing adoption of digital and contactless solutions in transportation, entertainment, and event management. Smart ticketing systems use advanced technologies such as Near Field Communication (NFC), Radio Frequency Identification (RFID), QR codes, and mobile apps to streamline the process of ticket purchasing, validation, and access control, providing a seamless and convenient experience for users.

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Major Classifications are as follows:

By Type

 Hardware

 Software

 Services

 Implementation

Support and Maintenance

 Consulting

By Application

Parking

 Transportation

 Railways

 Airways

 Roadways

Sports and Entertainment

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada,) ◘ Latin America (Brazil, Mexico, Argentina,) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ Europe (UK,Germany,France,Italy,Spain,Russia,) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South

Major players in Smart Ticketing Market:

Cammax (England), ACT (England), Cubic (US), Hitachi Rail (Italy), Giesecke+Devrient (Germany), Flowbird Group (France), Atsuke (France), IDEMIA (France), Corethree (England), HID Global (US), Masabi (England), Confidex (Finland), PayiQ (Finland), Infineon Technologies (Germany), LIT Transit (Slovenia), Conduent (US), NXP Semiconductors (Netherland), Indra (Spain), INIT (Germany), SecuTix (Switzerland), Scheidt & Bachmann (Germany), Siemens (Germany), Ticketer (England), Thales (France), Xerox (US) & others.

Market Drivers in the Smart Ticketing Market:

Rising Demand for Contactless and Cashless Solutions: The increasing preference for contactless payments and digital transactions, accelerated by the COVID-19 pandemic, has significantly boosted the adoption of smart ticketing systems. Users value the convenience, speed, and safety of cashless solutions, which have become essential in modern public and private transit systems.

Growing Urbanization and Smart City Initiatives: With rapid urbanization and the rise of smart cities, there is a heightened focus on improving urban mobility. Governments and city planners are investing in smart ticketing systems as part of broader efforts to enhance public transportation networks, reduce congestion, and provide efficient, interconnected transit solutions.

Technological Advancements: Innovations in NFC, RFID, QR codes, and mobile applications are making smart ticketing solutions more accessible and efficient. The integration of AI and IoT technologies allows for real-time updates, personalized services, and predictive analytics, which enhance the overall user experience and operational efficiency. Market Challenges in the Smart Ticketing Market:

High Initial Implementation Costs: Deploying smart ticketing systems requires significant upfront investment in technology, infrastructure, and integration with existing systems. This can be a major barrier for smaller operators and public transport authorities, particularly in developing regions where budget constraints are a concern.

Interoperability Issues: One of the key challenges in the smart ticketing market is achieving interoperability across different transport modes, operators, and geographic regions. Lack of standardized protocols and systems can lead to fragmented user experiences and limit the scalability of smart ticketing solutions.

Data Privacy and Security Concerns: Smart ticketing systems collect and store vast amounts of personal and financial data, making them attractive targets for cyberattacks. Ensuring robust security measures to protect user data and maintain compliance with data protection regulations is a critical challenge for service providers.Market Opportunities in the Smart Ticketing Market:

Expansion in Emerging Markets: There is significant growth potential in emerging economies, where urbanization is rapidly increasing and investments in public transport infrastructure are rising. Governments and private players can tap into these markets by offering affordable and scalable smart ticketing solutions that cater to the needs of expanding urban populations.

Integration with Smart City Initiatives: As cities worldwide move towards becoming 'smart cities,' there is a growing opportunity to integrate smart ticketing systems into broader urban mobility solutions. This includes linking ticketing with other smart city services such as parking, bike-sharing, and electric vehicle charging stations, providing a unified and seamless user experience.

Adoption of Blockchain for Enhanced Security: Utilizing blockchain technology can address security concerns by providing a tamper-proof system for transactions and data management. This not only enhances trust among users but also offers new opportunities for innovation in secure, transparent, and efficient ticketing solutions.Future Trends in the Smart Ticketing Market:

AI and Machine Learning Integration: Artificial Intelligence (AI) and Machine Learning (ML) are set to revolutionize smart ticketing by enabling predictive analytics, personalized offers, and dynamic pricing models. These technologies can analyze user behavior and preferences to offer tailored travel suggestions, optimize routes, and improve overall customer satisfaction.

Increased Use of Biometric Ticketing: Biometric authentication methods, such as facial recognition, fingerprint scanning, and voice recognition, are gaining traction as secure and efficient alternatives to traditional ticketing. This trend is expected to enhance the speed and convenience of ticket validation, particularly in high-traffic environments like airports and major transit hubs.

Expansion of Mobile and Digital Wallets: The shift towards mobile-based ticketing solutions and digital wallets is expected to continue, driven by the widespread adoption of smartphones and mobile payment technologies. This trend supports the growth of cashless and contactless transactions, offering greater convenience and accessibility for users.

Conclusion:

The Smart Ticketing Market is poised for substantial growth, driven by the increasing demand for contactless, efficient, and user-friendly solutions across various sectors, including public transportation, entertainment, and tourism. While the market presents several challenges, such as high implementation costs, interoperability issues, and data security concerns, the opportunities far outweigh the hurdles. Emerging trends like AI integration, biometric authentication, and the rise of mobile ticketing are set to redefine the future landscape of smart ticketing, enhancing both operational efficiency and customer experience. As cities evolve into smart ecosystems, the integration of smart ticketing with broader urban mobility solutions will play a crucial role in shaping the future of public transport and beyond. Stakeholders who capitalize on these trends and address the existing challenges will be well-positioned to lead in this dynamic and rapidly evolving market.

[businessindustry]

LED Traffic Signs and Signals Market Size, Analysis, Research Report, Trends by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “LED Traffic Signs and Signals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global LED Traffic Signs and Signals Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the LED Traffic Signs and Signals Market?

The global LED traffic signs and signals market was valued at US$ 1,106.2 Million in 2023 and is expected to register a CAGR of 5.6% over the forecast period and reach US$ 1,806.4 Mn in 2032.

What are LED Traffic Signs and Signals?                                                                                                                                                                            

LED traffic signs and signals are modern roadway devices that employ light-emitting diodes (LEDs) to communicate vital information to drivers and pedestrians. These signs and signals are designed to improve road safety and traffic management by providing clear and highly visible indications, such as stop signs, speed limits, and directional arrows, even in challenging weather conditions and low-light environments. The use of LED technology offers numerous advantages, including energy efficiency, long lifespan, and minimal maintenance needs, making them a cost-effective option for municipalities and transportation agencies. The bright illumination and rapid response time of LED traffic signs enhance drivers' reaction times, reducing the risk of accidents and promoting smoother traffic flow. Overall, LED traffic signs and signals represent a significant advancement in traffic control systems, contributing to safer and more efficient transportation networks.

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What are the growth prospects and trends in the LED Traffic Signs and Signals industry?

The LED traffic signs and signals market growth is driven by various factors and trends. The LED traffic signs and signals market is witnessing significant growth, driven by factors such as rising urbanization, increasing vehicle populations, and a heightened focus on road safety and effective traffic management. These advanced devices offer improved visibility and clarity, essential for conveying crucial information to drivers and pedestrians, particularly in low-light and adverse weather conditions. Government initiatives and investments in smart city infrastructure are further fueling market expansion, as they aim to enhance transportation systems and reduce traffic-related accidents. Technological advancements in LED technology, including greater energy efficiency and longer lifespans, are making these solutions more attractive to municipalities and transportation agencies. Additionally, the growing awareness of sustainable practices is promoting the adoption of eco-friendly LED traffic solutions, positioning the market for continued growth in the years ahead. Overall, the LED traffic signs and signals market is set to flourish, reflecting the rising demand for innovative and effective traffic control systems. Hence, all these factors contribute to LED traffic signs and signals market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type

Solar

Electric Power

By Product Type

Traffic Signals

Variable Message Signs

Guidance Signs

Warning Signs

Others

By Technology

Conventional LED

Smart LED

By Application

Urban Areas

Highways

Construction Sites

Others

By End User

Private Sector

Public Sector

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

ARCUS USA Inc.

D G Controls Ltd.

Econolite Control Products Inc.

Envoys Electronics Pvt. Ltd.

European Safety Systems Ltd.

Federal Signal Corp.

Horizon Signal Technologies Inc.

LITE-ON Technology Corp.

North America Traffic

Pfannenberg Group Holding GmbH

Sinowatcher Technology Co. Ltd.

Traffic Safety Corp.

Trafitronics India Pvt. Ltd.

Ver Mac

Yangzhou Xintong Transport Equipment Group Co., Ltd

Beijing Wistron Technology Ltd

Yunex Traffic

Hesham Industrial Solutions

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About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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[industrynewsupdates]

5g Infrastructure Market Size, Trends, and Business Outlook 2024-2030

The global 5G infrastructure market size was estimated at USD 16.69 billion in 2023 and is expected to grow at a CAGR of 22.9% from 2024 to 2030. 

The growing mobile data traffic and the rise of smart cities with IoT applications are key factors that are fueling market growth. Moreover, increased government and telecom investments in 5G networks are expected to create growth opportunities for the market. The increasing demand for connected devices for uses like smart buildings and remote healthcare is also contributing to market growth. Worldwide data traffic, especially mobile data traffic, has increased at exponentially over the past few years.

Gather more insights about the market drivers, restrains and growth of the 5G Infrastructure Market

According to the Telefonaktiebolaget LM Ericsson’s Mobile Data Traffic Outlook report, at the end of 2023, total worldwide mobile data traffic (without traffic caused by fixed wireless access) reached 130 EB per month and is expected to increase by a factor of 3 to reach 403 EB per month by 2029.This growth in mobile data traffic, coupled with increasing preference for 5G networks, is creating significant opportunities for market growth. The growing number of smart cities in major countries, such as the U.S., Japan, China, Germany, Italy, the UK, and India, has increased the adoption of IoT technology for applications, such as transportation, energy management, and public safety & security.

To offer continuous connectivity for these mission-critical applications, various telecom providers invest in 5G network infrastructure across many cities in partnership with the local federal government. This private and government investment in deploying 5G network infrastructure significantly drives market growth. The rising demand for connected devices and the use of 5G IoT in Industry 4.0 are also among the significant factors driving the industry growth. 5G enables the most advanced network, designed to link nearly anything and everyone, including objects, machines, and gadgets.

These devices are utilized in fleet management, smart buildings, logistics, capabilities networks, smart agriculture, tracking, remote healthcare, traffic safety & control, smart grid automation, and various other applications. The growing adoption of these applications is driving market growth. Despite its growth potential, the market faces hurdles. Deploying a denser network with short-range small cells is costly, and securing permits for using street furniture like lamp posts can be expensive. In addition, the complex technical requirements and the lack of widespread adoption of applications that truly utilize 5G's capabilities are factors that can slow down investments.

5G Infrastructure Market Segmentation

Grand View Research has segmented the 5G infrastructure market report based on component, type, spectrum, network architecture, vertical, and region:

Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

o Radio Access Network (RAN)

o Core Network

o Backhaul & Transport

o FrontHaul

o MidHaul

• Services

o Consulting

o Implementation & Integration

o Support & Maintenance

o Training & Education

Type Outlook (Revenue, USD Million, 2018 - 2030)

• Pubic

• Private

Spectrum Outlook (Revenue, USD Million, 2018 - 2030)

• Sub-6 GHz

o Low Band

o Mid Band

• mmWave

Network Architecture Outlook (Revenue, USD Million, 2018 - 2030)

• Standalone

• Non-standalone

Vertical Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Enterprise/Corporate

• Smart City

• Industrial

• Energy & Utility

• Transportation & Logistics

• Public Safety and Defense

• Healthcare Facilities

• Retail

• Agriculture

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o Italy

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

• Middle East & Africa (MEA)

o Kingdom of Saudi Arabia (KSA)

o UAE

o South Africa

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global Internet of Things analytics market was valued at USD 27.41 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 24.8% from 2024 to 2030.

• The connected enterprise market was valued at USD 469.32 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 32.7% from 2024 to 2030.

Key 5G Infrastructure Company Insights

Some of the key players operating in the market include Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., and Samsung Electronics Co., Ltd.

• Telefonaktiebolaget LM Ericsson provides Information and Communication Technology (ICT) services across the globe. The company’s range of offerings spans various areas, including cloud software and services, networks, enterprise wireless solutions, global communications platforms, technologies, and new businesses, as well as IPR licensing

• Huawei Technologies Co., Ltd. provides smart devices and information & communication technology components to communications service providers, government agencies, and business enterprises. The company carries out its business through five operating segments namely, Cloud Computing Business, Consumer Business, ICT Infrastructure Business, Intelligent Automotive Solution Business, and Digital Power Business

Key 5G Infrastructure Companies:

The following are the leading companies in the 5g infrastructure market. These companies collectively hold the largest market share and dictate industry trends.

• Huawei Technologies Co., Ltd.

• Samsung Electronics Co., Ltd.

• Nokia Corporation

• Telefonaktiebolaget LM Ericsson

• ZTE Corporation

• NEC Corporation

• Cisco Systems, Inc.

• Fujitsu Limited

• CommScope Inc.

• Comba Telecom Systems Holdings Ltd.

• Altiostar

• Airspan Networks

• Casa Systems

• Hewlett Packard Enterprise Development LP

• Mavenir

• Parallel Wireless

• JMA Wireless

• Ceragon

• Aviat Networks, Inc.

Recent Developments

• In October 2023, Nokia and Vodafone joined forces to pioneer a commercial 5G Open RAN trial in northern Italy. This pilot will leverage Nokia's containerized baseband software running on Red Hat OpenShift, a leading hybrid cloud platform powered by Kubernetes. The software will be hosted on Dell PowerEdge XR8000 servers, specifically designed for mobile edge computing and optimized for Open RAN workloads. For Layer 1 processing, these servers will be equipped with a Smart Network Interface Card (NIC), co-developed by Marvell and Nokia. This collaboration signifies a major step towards a more open and flexible telecom network infrastructure

• In June 2023, Orange SA and Telefonaktiebolaget LM Ericsson signed a collaboration agreement and secured contracts for the installation and maintenance of 5G network infrastructure on high-speed rail lines across Spain. With this achievement, Orange SA solidifies its position as a leading contributor to the development and implementation of 5G networks

• In June 2023, Charter Communications, a U.S.-based telecom company, selected Nokia to supply 5G infrastructure for its Spectrum Mobile service. Under this agreement, Nokia will provide its AirScale product portfolio including 5G RAN, which will support Charter Communications’ desired 5G connectivity deployment and design. With this collaboration, Charter Communications aims to enhance its mobile services by delivering mobile traffic efficiently in key locations across its operational presence in 41 U.S. states. The agreement reflects Charter Communications’ commitment to offering its customers an exceptional 5G service experience

Order a free sample PDF of the 5G Infrastructure Market Intelligence Study, published by Grand View Research.

[tamanna31]

Private 5G Network 2024 Industry – Challenges, Drivers, Outlook, Segmentation - Analysis to 2030

Private 5G Network Industry Overview

The global private 5G network market size was estimated at USD 2.00 billion in 2023 and is expected to grow at a CAGR of 54.1% from 2024 to 2030.

Private 5G networks offer businesses and governments dedicated, secure, and high-performance connectivity. This allows them to connect to more devices, improve automation, and deliver better customer experiences. These benefits are driving the adoption of private 5G networks in various industries, including smart cities that rely on private 5G for applications such as traffic management and security, among others.

Gather more insights about the market drivers, restrains and growth of the Private 5G Network Market

Cellular technology, in the form of private 5G networks, is being used by businesses, organizations, and local governments across various industries. These industries include manufacturing, utilities, transportation, logistics, retail, agriculture, and those involved in smart city initiatives. The benefits of private 5G networks, such as ultra-fast speeds, improved security, cost efficiency, reliability, prioritized network access, and extended range compared to Wi-Fi, are driving their adoption across these industries. Thus, various benefits provided by private 5G networks are contributing to the overall market growth.

As an increasing number of devices and enterprises connect to the internet, enterprises may face low coverage and security issues due to network bottlenecks. Private 5G networks solve these issues by providing network connectivity in a dedicated space, providing enhanced security, improved connectivity, and improved automation with lower latency. These benefits can help enterprises deliver enhanced customer experience. Furthermore, private 5G networks support technologically advanced applications, including machine control systems, wireless UHD cameras, collaborative/cloud robots, and remote asset monitoring, which is driving the adoption of private 5G networks.

The rapidly growing smart cities in developed countries such as the U.S., Canada, Singapore, the UK, Germany, Italy, and France have surged the deployment of IoT devices for several applications. These applications mainly include transportation, public safety and security, and energy management, among others. To provide unified and secured connectivity for these mission-critical applications, several telecom providers are launching innovative private 5G network solutions. Continuous innovation is creating significant growth opportunities for the market.

Despite the high growth potential of the market, the deployment and implementation of a private 5G network is a tedious and highly expensive process. As the number of 5G users and network traffic increases in the near future, the need for standalone 5G infrastructure will become necessary. Building and maintaining a private 5G network can be expensive and requires significant investment in infrastructure and equipment, which is acting as a hindrance to market growth. However, key telecom operators are taking strategic initiatives and are investing in infrastructure, and research & development, which is expected to diminish this market challenge.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global digital radar market size was estimated at USD 5.25 billion in 2023 and is expected to grow at a CAGR of 17.6% from 2024 to 2030.

• The global online trading platform market size was estimated at USD 9.57 billion in 2023 and is expected to expand at a CAGR of 7.3% from 2024 to 2030.

Key Private 5G Network Company Insights

Some of the established players operating in the market include TELEFONAKTIEBOLAGET LM ERICSSON, HUAWEI TECHNOLOGIES CO., LTD., Deutsche Telekom, Nokia Corporation, Samsung Electronics Co., Ltd., and Cisco Systems, Inc. among others.

Telefonaktiebolaget LM Ericsson provides information and communication technology (ICT) services, including 5G and IoT-powered networks, managed services, digital services, and others to service providers across the globe. These services form the operating segments of the company and are based on the company’s customer needs. The company is taking strategic initiatives regarding new product deployments and geographical expansion of its facilities across the globe.

Nokia Corporation is a mobile and fixed network infrastructure provider that combines software, hardware, and services. The company is also engaged in the deployment of 5G networks. The company operates through three reportable segments: networks, Nokia software, and Nokia technologies. Through the Nokia Software segment, the company focuses on 5G, digital, automation, and portfolio integration platforms. Nokia Corporation is among the leading players with a vast product portfolio and strong global presence.

Key Private 5G Network Companies:

The following are the leading companies in the private 5G network market. These companies collectively hold the largest market share and dictate industry trends

Telefonaktiebolaget LM Ericsson

Nokia Corporation

Samsung Electronics Co., Ltd.

ZTE Corporation

Deutsche Telekom Group

AT&T Inc.

Juniper Networks, Inc.

Verizon Communications

Altiostar

HUAWEI TECHNOLOGIES CO., LTD.

Mavenir

T-Systems International GmbH

Cisco Systems, Inc.

Vodafone Group Plc

BT Group

Recent Developments

In March 2024, SoftBank Corp. announced the service launch of its Private 5G (dedicated type). This service allows local governments, organizations, and other enterprises to build 5G customized networks on their premises with a dedicated base station. The service is optimal for customers who require low latency and advanced network solutions, making it suitable for smart factory applications.

In December 2023, Telefonaktiebolaget LM Ericsson announced its partnership with Orange. The collaboration aims to offer B2B customers the opportunity to deploy their own private 5G network.

In September 2023, Deutsche Telekom announced the launch of its new private 5G network solution, the ‘Campus Network Smart.’ The solution, launched in partnership with Microsoft Corporation, is part of Deutsche Telekom’s strong 5G private network portfolio. The Campus Network Smart solution is cloud-based, scalable, and incorporates a pay-as-you-grow model

Order a free sample PDF of the Private 5G Network Market Intelligence Study, published by Grand View Research.

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How Connected Street LightingMarketEnhances Public Safety and Energy Efficiency

Introduction to Connected Street Lighting Market

The connected street lighting market is experiencing rapid growth due to advancements in smart technology and the increasing demand for energy-efficient solutions. This market encompasses the integration of LED street lights with IoT (Internet of Things) sensors and communication networks, enabling real-time monitoring, automated control, and data collection. Connected street lighting systems offer significant benefits, including reduced energy consumption, lower maintenance costs, and improved public safety. As cities and municipalities seek to modernize their infrastructure and meet sustainability goals, the adoption of connected street lighting is expected to expand, driven by technological innovations and supportive government policies.

Market overview

The Connected Street Lighting Market is Valued USD 2.2 billion in 2024 and projected to reach USD 15.3 billion by 2032, growing at a CAGR of 24.3% During the Forecast period of 2024–2032.This growth is driven by the increasing adoption of smart city technologies, rising demand for energy-efficient solutions, and advancements in IoT and LED technologies.

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Major Classifications are as follows:

By Component

Hardware

Sensors

Controllers/Relays

Others

Software

Services

By Application

Traffic Monitoring

Environmental Monitoring

Video Surveillance

By Connectivity

Wired

Wireless

Key Region/Countries are Classified as Follows: ◘ North America (United States, Canada, and Mexico) ◘ Europe (Germany, France, UK, Russia, and Italy) ◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◘ South America (Brazil, Argentina, Colombia, etc.) ◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Major players in Connected Street Lighting Market:

EnGo PLANET, Telensa Ltd., Toshiba Lighting, Philips Lighting N.V, OSRAM Licht Group, OSRAM Licht Group, Acuity Brands Lighting Inc., Schreder Group, Twilight Citelum S.A, Dimonoff Inc., among others.

Market Drivers in Connected Street Lighting Market:

Energy Efficiency and Cost Savings: Connected street lighting Market use advanced technologies, such as LEDs and smart controls, which can significantly reduce energy consumption and maintenance costs. This is a major driver as municipalities and organizations look to lower their energy bills and operational expenses.

Government Initiatives and Regulations: Many governments and regulatory bodies are promoting smart city initiatives and setting standards for energy efficiency. Grants, incentives, and regulations aimed at reducing carbon footprints encourage the adoption of connected street lighting market.

Public Safety and Security: Smart street lighting can enhance public safety by improving visibility and enabling real-time monitoring. Features like adaptive lighting and integrated surveillance can help deter crime and provide better public safety.

Market challenges in Connected Street Lighting Market:

High Initial Costs: The upfront investment required for purchasing and installing connected street lighting market, including smart controls and sensors, can be significant. This can be a barrier for municipalities and organizations with limited budgets.

Cybersecurity Risks: Connected street lighting market are vulnerable to cyber threats, including hacking and data breaches. Ensuring robust security measures and protecting sensitive data is a critical challenge.

Maintenance and Reliability: While connected street lighting systems can reduce maintenance needs, they still require ongoing monitoring and occasional repairs. Ensuring system reliability and managing maintenance costs can be challenging.

Market opportunities in Connected Street Lighting Market:

Smart City Initiatives: As more cities around the world adopt smart city frameworks, there is growing demand for connected street lighting as a foundational element. These initiatives offer opportunities for widespread deployment and integration of smart lighting systems.

Government Funding and Incentives: Many governments provide grants, subsidies, and incentives for energy-efficient and smart infrastructure projects. These financial supports can help offset initial costs and encourage adoption of connected street lighting solutions.

Data Utilization and Analytics: The ability to collect and analyze data from connected street lighting market opens up opportunities for better city planning, traffic management, and public safety. Data-driven insights can drive further innovation and improvements.

Future trends in Connected Street Lighting Market:

Increased Integration with Smart City Ecosystems: Connected street lighting will increasingly be integrated with other smart city technologies, such as traffic management systems, air quality sensors, and smart parking solutions. This integration will enhance the overall efficiency and functionality of urban infrastructure.

Advanced Data Analytics and AI: The use of advanced data analytics and artificial intelligence (AI) will enable more sophisticated management of street lighting market. Predictive maintenance, adaptive lighting based on real-time conditions, and personalized lighting experiences will become more common.

Interoperability and Standardization: Efforts to establish industry standards and improve interoperability between different systems and technologies will facilitate smoother integration and deployment of connected street lighting market across various platforms and regions.

Conclusion:

In conclusion, the connected street lighting market is evolving rapidly, driven by advancements in technology, increasing urbanization, and a strong focus on sustainability. Key drivers include the quest for energy efficiency, government incentives, and the integration with broader smart city initiatives. Despite challenges such as high initial costs, cybersecurity risks, and interoperability issues, the market offers significant opportunities through innovations in IoT, data analytics, and sustainable practices.

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Power substation automation Market - Forecast(2024 - 2030)

Power Substation Automation Market Overview

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Growth is supported by member states’ policies to meet the bloc’s 2030 renewable energy target. Substation Automation Systems (SAS) through SCADA Systems, Programmable logic controllers (PLCs) and Remote Terminal Units (RTUs) provide protection, control, automation, monitoring, and communication capabilities as a part of a comprehensive substation control and monitoring solution. To improve the system’s overall efficiency and productivity, a substation automation system automates some repetitive, laborious, and error-prone operations such as those related to protective relay and load tap changers. With the rising demand for smart cities and smart grids, the market is analyzed to grow at significant rate during forecast period 2022–2027.

Report Coverage

The report: “Power Substation Automation Market — Forecast (2022–2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Power Substation Automation market

By Type: Transmission Substation Automation, Distribution Substation automation and collector/tie line substation automation)

By Module: Hardware, SCADA, communication network technology

By Stage: Retrofit & New construction

By End User: Utilities & Industrial

By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

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Key Takeaways

While the accessible potential for deployment of wireless connectivity in substation automation is high, the acceptance of the technology is afflicted by myriad set anxieties and worries close to the wireless technology, one among which is the lack of interoperability

Approximately 83% of the end-users across substation automation regarded interoperability as major concern.

Accomplishment of interoperability would necessitate a construction of full fledged architecture with software based systems, in which disparate standards can be applied.

Being connected to a substation and retrieving vital information from remote devices has always been a challenge for system designers. Not all the substations are of the same size or importance. Many substations are in remote areas where communication could be the biggest challenge when it comes to monitoring a substation.

Power Substation Automation Market, By Region, 2021

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Power Substation Automation Market Segment Analysis — By Application

Utilities dominated the Power Substation Automation Market with a value share of approximately 78% in 2021. The significant investments in the sector are contributing to the market growth rate. The U.S. Department of Energy (DOE) announced more than US$30 million in federal funding, matched by more than US$35 million in private sector funds. In 2021, USDA announced to invest US$598 million to improve, modernize rural electric infrastructure. With the implementation of smart grids, both utilities and consumers expect the energy market to work more efficiently and more cost-effectively. Unlike traditional grid management, smart grids provide operators with the opportunity to monitor remotely substations and grid assets in real-time data. They add distributed automation features, and enable predictive maintenance. Traditional grid management, which involved primary substation assets such as circuit breakers and transformers, is very limited by its communication protocols. The traditional grid management structure requires a dedicated link between the substation control system and a regional control centre. As such, traditional grid management can no longer meet the increasing demand for flexibility, stricter operating and environmental regulations, and the larger number of stakeholders in a deregulated industry. Transitioning to smart grid management will provide an infrastructure that supports multiple distributed energy resources, digital substations and smart grid technology. This combination which will help manage the demand of energy, reduce costs for both energy suppliers and consumers and save energy in the long-term contributing to a healthier environment.

Power Substation Automation Market Segment Analysis — By End User

A transmission substation connects two or more transmission lines, and can range from simple to complex. A transmission station may have transformers to convert between two transmission voltages, voltage control/power factor correction devices such as capacitors, reactors or static VAR compensators and equipment such as phase shifting transformers to control power flow between two adjacent power systems. The global transmission type substation automation market was around $11.06bn in 2021 and is estimated to reach $15.74 billion by 2027, growing at a CAGR of 6.24%. This is the majority substation type in the overall substation automation market. A distribution substation transfers power from the transmission system to the distribution system of an area. In some situations it is uneconomical to directly connect electricity consumers to the main transmission network, unless they use large amounts of power, so the distribution station reduces voltage to a level suitable for local distribution. The downtown areas of large cities feature complicated distribution substations, with high-voltage switching, and switching and backup systems on the low-voltage side. In addition to transforming voltage, distribution substations also isolate faults in either the transmission or distribution systems.

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Power Substation Automation Market Segment Analysis — By Geography

North America dominated the Power Substation Automation Market with a value share of approximately 39% in 2021. The investments and the government plans are the major factors contributing to the growth in the region. The Smart Grid Investment Grant (SGIG) program aimed to accelerate the modernization of the nation’s electric transmission and distribution systems. The program selected projects electricity providers across the nation with plans to upgrade their systems. With regard to industries such as utilities, renewable energy, and oil and gas, the United States has emerged as the world’s most potential market for substation-related projects. To increase the reliability and capacity of transmission and distribution networks, utilities in the United States are investing heavily in replacing, upgrading, and extending new and existing transmission and distribution infrastructure.

Power Substation Automation Market Drivers

Industry 4.0 and Increase in adoption of substation automation across Utilities and Industries

Industry 4.0 revolution creates smart automation in the phase of industrialization. Increasing demand for machines in the manufacturing sector is set to push the process automation market to new heights. Implementation of process automation in industries results in many benefits such as productivity gains, improved team performance, enhanced managerial reporting, error reduction, cost reduction, and higher quality. The growing need to achieve process optimization in lesser time in the industrial operations coupled with various government initiatives to adopt automation is driving the process automation market. The modernization of smart power grids, integration of renewable energy sources and criticality of energy availability, drive the increasing demand to monitor power-related information from the edge. Smart monitoring enables businesses to control and protect their facilities and energy assets. Along with the increasing investments in power industry it is also observed that the key players in oil and gas and utility sector are planning for the upgradation of the substations which is expected to drive the power substation automation market. With the Industry 4.0 standards being evolved , it is not only the Engineering aspect of the Power Generation, Transmission or Distribution, but also the running plants which are getting ready for the future.

Increase in Technology Developments and Digitization Requirements

The advanced developments in wireless technology have opened up new ways for this market with improved quality and increase in production, which is further expected to fuel the demand for substation automation. The data-hungry digital economy requires highly efficient power networks. The demand for high-quality and reliable energy systems grows across industries as digitization continues to change world. Substation automation systems are used by companies where power availability is critical, and energy control and monitoring is a necessity. The demand for substation automation solutions has evolved. With multi-touch technologies such as PLC, DCS, MES, and SCADA, automation equipment has become more sophisticated, carrying out more complex actions at a low operating cost. Also, coupled with the advancements in sensor technology, these technologies have started the era of smart manufacturing, resulting in business process improvement.

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Power Substation Automation Market Challenges

Lack of skilled workforce and substation automation needs monitoring

According to Paradox of Automation, the more well-organized and efficient an automated system, the more crucial the human contribution of the operators. Hence, training the workforce with the skills required for the industry process automation is a strategic concern in the growth and development outlook of this sector. Having a knowledgeable and well-staffed local team on hand to help with process automation issues is absolutely necessary for proper functioning. The substation automation transformation trend is accelerating the miniaturization of technology and the pace of integrating industrial applications with electronics. A major challenge to the OEMs is to enhance the receptiveness of education and training systems to these fluctuations in skill requirements and to enhance the access to training and skills development. Ultimately, the growth of substation automation depends on the availability of relevant labor force and how productive they are, which solely rests on the skills they possess and how effectively those skills are implemented.

Power Substation Automation Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Power Substation Automation market. In 2021, the market of Power Substation Automation market has been consolidated by the top players

Hitachi

GE

Siemens

Schneider Electric

Mitsubishi Electric

Eaton

Cisco

S&C Electric

SEL

Honeywell

Recent Developments

In June 2021, ABB has joined forces with Swiss utility Axpo to develop modular green hydrogen production plants in Italy. The two companies will apply their complementary skills to achieve affordable green hydrogen, with ABB harnessing its automation, electrification, and digital leadership in industrial operations and Axpo’s experience as an established energy provider.

In December 2020, Siemens Smart Infrastructure launched its new PowerLink CM, a condition monitoring solution for high-voltage AC and DC transmission lines

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For more Automation and Instrumentation Market related reports, please click here

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Automated Barriers and Bollards Market  Industry Forecast and Competitive Landscape Reports | Global Insight Services

“Global Insight Services offers unparalleled market intelligence and strategic consulting services to businesses worldwide. Our expertise spans across various industries, including healthcare, technology, and consumer goods, providing comprehensive analysis and actionable insights. By leveraging advanced data analytics and in-depth market research, we empower our clients to make informed decisions, identify growth opportunities, and stay ahead of the competition”.

The global automated barriers and bollards market was valued at US$ 1.5 billion in 2021 and it is anticipated to grow up to US$ 2.1 billion by 2031, at a CAGR of 3.3% during the forecast period.

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Automatic barriers and bollards are used either in combination or as single to ensure high security by preventing the entry of unauthorized vehicles, for example, to prevent burglars and thieves from entering the property. Automatic barriers and bollards restrict vehicle entry in multiple indoor and outside constructions, such as toll booths, high-security areas, and parking centres for offices, hotels, and shopping centres.

Market Drivers and Trends

Public safety these days has become one of the major concerns of governments across the globe. The major reason behind the rising public safety concern is burgeoning crime rates globally. Criminal activities such as serious traffic offenses, assaults, gang, and drug-related offenses have increased. Therefore, barrier installation in high-traffic areas can be used to detect the vehicles involved in these activities, which makes it easier for the surveillance team to determine the convict. Therefore, rising concern regarding security and surveillance is considered a key factor is driving the boom barrier and bollard market. Municipalities in many cities are also adopting smart parking systems for better parking, traffic management, and sustainable growth. Hence, it is clear that there is much scope for municipalities to adopt and implement boom barriers and bollards in smart parking shortly, as a large amount of the world’s population will be living in urban areas by then. Thus, the rise in safety and security across commercial and residential spaces is expected to provide numerous profitable opportunities for automated barriers and bollards market players in the coming years.

Market Restraints and Challenges

Limited availability of cost-effective automated barriers and bollards is expected to limit the market revenue growth. For instance, installing these systems in small projects will result in high overall costs due to the presence of sensors and expensive hardware and software components. In addition, parts of automated barriers and bollards are expensive to replace and maintain, increasing overall maintenance and repair cost and likely restraining market revenue growth in the forecast period.

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Global Automated Barriers and Bollards Market Segmentation

By Product Type

Push Button

Remote Controlled

RFID Tags Reader

Loop Detectors

Others

By Application

Residential

Commercial

Industrial

Major Players in the Global Automated Barriers and Bollards Market

The key players studied in the global automated barriers and bollards market are AUTOMATIC SYSTEMS (Belgium), Avon Barrier Corporation Ltd (UK), Came S.p.A. (Italy), Houston Systems Private Limited (India), LBA group (France), Macs Automated Bollard Systems Ltd (UK), Magnetic Autocontrol GmbH (Germany), Nice S.p.A. (Italy), Omnitec Group (UAE), and RIB srl (Italy).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of automated barriers and bollards worldwide. Thus, the COVID-19 pandemic negatively affected the global automated barriers and bollards market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of automated barriers and bollards.

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Infographic excel data pack, easy to analyze big data

Robust and transparent research methodology

Unmatched data quality and after sales service

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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5G IoT Market - Forecast(2024 - 2030)

5G IoT Market Overview

The 5G IoT Market size is forecast to reach $40.5 billion by 2026, growing at a CAGR 61% from 2022 to 2026. Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector has been eventually driving the need for 5G IoT. Rising demand for connected cars equipped with advanced in-vehicle infotainment and telematics system along with increasing penetration of advanced communication infrastructure in healthcare sector to optimize surgical robots, asset tracking, telemedicine, remote health monitoring are some of the prime factors driving the global 5G IoT Market. Furthermore, with growing adoption of precision farming, agricultural drones and greenhouse automation, global 5G IoT has gained a huge traction. Rise in adoption of IoT and artificial intelligence (AI) to develop fully connected smart cities offering high speed data transmission and data analytics as a part of improving real-time monitoring is analyzed to drive the market in future years.

5G IoT Market Report Coverage

The report: “5G IoT Industry Outlook – Forecast (2022-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the 5G IoT Industry.

By Solution: Hardware, Cellular Connectivity, Software, Services

By Organization Size: SME, Large Enterprises

By Radio Technology: 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture

By Range: Short Range 5G IoT devices, Wide Range 5G IoT devices

By Application: Predictive Maintenance, Business Optimization, Asset Tracking and Management, Logistics & Supply Chain Management, Automation Control and Management, Others

By End Users: Manufacturing (Medical & Pharmaceutical, Chemical, Food & Beverage, FMCG, Metal, Machinery & Equipment, Semiconductor & Electronics, Others), Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities, Others

By Geography: North America (US, Canada, Mexico), Europe (Germany, U.K, France, Spain, Italy, Others), APAC (China, Japan, Malaysia, Thailand, South Korea, Philippines, Hong Kong, Others), South America (Brazil, Argentina and others), RoW (Middle East and Africa)

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Key Takeaways

5G New Radio Standalone architecture is analyzed to witness highest growth in the 5G IoT Market during 2022-2026 owing to increased performance, super-fast response times and faster access to higher data rates.

APAC 5G IoT Market held the largest share in 2021, attributing to factors like rising demand for more reliable connectivity and more bandwidth between devices among manufacturers as a part of optimizing smart industrial operations including process automation, remote monitoring, collaborative robots, predictive analytics, augmented reality, additive manufacturing.

Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector along with rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system are analyzed to significantly drive the global 5G IoT Market during the forecast period 2022-2026.

5G IoT Market Segment Analysis- By Radio Technology

By radio technology, 5G IoT Market has been segmented into 5G New Radio Standalone Architecture, 5G New Radio Non-Standalone Architecture. 5G New Radio Standalone Architecture is analyzed to grow with the highest CAGR of 72% during the forecast period 2022-2026. As compared to 5G non-standalone architecture, standalone architecture acts as a more efficient solution, which includes increased performance, better flexibility, and reduced complexity, attributing to its market growth. Rising adoption of connected cars, immersive media, automated guided vehicles or cobots control need super-fast response times and faster access to higher data rates, which is enabled by SA architecture, and thus such beneficiary capabilities of 5G standalone technology are boosting its market growth. In May 2021, Swisscom announced its plans to strengthen its long-term strategic partnership commitment to Ericsson with a deal including 5G Standalone (SA) rollout. This 5G SA is analyzed to enable Swisscom to deliver superior network performance and new use cases comprising logistics, energy, factory, mining, and airport and so on. Such factors are further set to propel the market growth of 5G IoT Market in the long run. 

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5G IoT Market Segment Analysis- By End Users

By end users, 5G IoT market has been segmented into Manufacturing, Transportation & Logistics, Consumer, Oil & Gas, Automotive, Ports, Energy, Smart City, Smart Building, Retail, Agriculture, Healthcare, Education, Smart Events & Stadia, Mining, Utilities and Others. Automotive sector is analyzed to witness the highest growth with a CAGR 70% during 2022-2026. The demand for future mobility and automated driving coupled with enhanced multimedia and infotainment features in the car is attributing to the market growth. Rising investment towards infotainment solutions with 5G connectivity for seamless and delay-free video and music streaming along with the integration of weather forecasts, or information on the current traffic situation is another prime factor contributing towards market growth. Expansion of digital infrastructure is set to lead to a huge increase in data in the automotive sector. According to a report published by Acta Verba, in advanced connected cars, the data flow is to reach 1 GB per vehicle per day, and it will further explode by 30 times to 1 TB of data per vehicle, per month, by 2025. This creates a need for significantly more bandwidth and faster data processing capabilities close to end users and mobile devices at the digital edge, and such factors are contributing towards expansion of 5G IoT Market. In December 2021, Volkswagen announced the deployment of Nokia’s industrial-grade private 5G wireless network at the company’s main plant in Wolfsburg, Germany. This development was done to help the facility achieve real-time connectivity for IoT sensors, connected vehicles and machinery, supporting intelligent networking of production robots and wireless assembly tools. Such factors are set to drive the market forward in the coming years.

5G IoT Market Segment Analysis- By Geography 

By Geography, 5G IoT Market has been segmented into North America, Europe, APAC, South America and Others. APAC dominated the 5G IoT Market with a share of 34% in 2021, owing to burgeoning demand for next-generation high-speed mobile internet among manufacturers in this region for more reliable connectivity and more bandwidth between devices. Rising partnerships between telecom operators and IoT network providers in APAC region with an aim to enable enterprises running more automated, productive, sustainable and safer businesses with harmonized service level agreements, while providing real-time insights is resulting in speedy expansion of the market. Although 4G can accommodate Industry 4.0 capabilities, 5G is analysed to be the true accelerator for digitalization and the key to implementing features like IoT, advanced robotics and remote machine control, and augmented/virtual reality (AR/VR) to enterprises, with the manufacturing and energy sectors taking the lead in its adoption. According to GSMA, APAC 5G Industry Community is formed by 12 Contributing members and the existing IoT community and 5G emerging market community with over 500 members in more than 30 countries with an aim to build a platform for people who are passionate about 5G benefits to industries and enterprises, to connect with peers and share their knowledge, requirement, and build the ecosystem to support each other to drive businesses forward with the new technologies in APAC. Furthermore, growing investment towards smart city infrastructure, equipped with advanced security features for real-time surveillance, large scale monitoring by local authorities and backed up by analytics, Artificial Intelligence (AI), Internet-of -Things (IoT) and data-driven insights is one of the key factors driving its market growth within the region. In January 2022, Qualcomm announced collaboration with Cybertrust Japan Co., Ltd. and SB Technology Corp. through the Qualcomm IoT Services Suite offering to proliferate smart Cities and 5G IoT solutions in Japan. This collaboration was done to explore projects with Qualcomm Smart Cities Accelerator Program ecosystem members and develop smart solutions for use cases across smart cities, smart campuses, smart parking, smart energy-management, smart security, smart factories, and more in this country. Such developments are set to create significant growth opportunities for the market during 2022-2026.

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5G IoT Market Drivers

Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector are impacting the market growth

Increasing penetration of advanced technologies like predictive maintenance, data analytics, digital twins and others as a part of improving business insights for greater operational efficiency, better product quality, optimized supply chain performance and so on acts as major factor driving the market growth towards 5G IoT Market. The burgeoning demand for predictive maintenance in manufacturing sector leveraging critical communication infrastructure provides data analysis tools and techniques, which are used to monitor equipment condition for regular operational wear and tears, and such factors are analyzed to elevate the 5G IoT Market. Furthermore, rising investments towards connected asset monitoring enabling real-time asset data analysis assists in providing a powerful tool for productivity improvement, which in turn can also aid the market growth overtime. 5G’s enhanced bandwidth compared with other wireless communications technologies help robots and cobots to be monitored and updated in real-time as the environment changes. 5G’s low latency allows for actions to be monitored close to real-time, and such benefits of 5G are propelling the growth of the market. In November 2021, Huawei and China Mobile jointly deployed 5G enabled manufacturing solutions powered by mobile edge computing (MEC) at Haier’s smart factories. Haier is leveraging advanced technologies like artificial intelligence and machine vision at seven smart factories in China and has planned to expand in 20 factories by the end of 2022. Such new development is set to fuel the market growth in the long run.

Rise in demand for connected cars equipped with advanced in-vehicle infotainment and telematics system drives its market forward

Growing demand for connected cars equipped with advanced in-vehicle infotainment and telematics system act as a major driver boosting its market growth. The enhanced bandwidth of 5G New Radio enables richer infotainment and more immersive in-car entertainment experiences. Adoption of multi-access edge computing (MEC) platform puts processing power at the edge of the network, for faster gaming and higher quality video. Such beneficiary capabilities of 5G IoT is analyzed to positively impact the market growth overtime. Furthermore, with the substantial growth of C-V2X technology, 5G network for C-V2X infrastructure for use on on-board platforms is evolving. The rise in adoption of advanced driver assistance system (ADAS), equipped with on-board sensors, is also set to significantly trigger the growth of 5G IoT Market. Rising investments towards autonomous driving (AD) with an aim to harmonize and accelerate the introduction of intelligent transport and communication solutions is augmenting the growth of the market. According to the Economic Times, connected car shipments in the U.S. is expected to cross 80 million units during 2020 to 2025, growing at a CAGR of 10%. They moreover state that 5G cars will account for 27% of the market by 2025. In August 2021, Honda collaborated with Verizon to explore how Verizon 5G Ultra Wideband and 5G Mobile Edge Computing (MEC) can ensure fast, reliable communication between road infrastructure, vehicles and pedestrians. Verizon’s 5G and MEC platforms bring the power of the cloud closer to the vehicle, lowering latency, offering massive bandwidth, and improving communications and connectivity between drivers, other cars, traffic lights, pedestrians and emergency vehicles to improve threat detection and avoid accidents. Such developments are analyzed to propel the 5G IoT Market growth in the coming years.

5G IoT Market Challenges

High infrastructure cost related with 5G deployment and coverage hinders its market growth

5G offers a significant increase in speed and bandwidth, but its more limited range requires further infrastructure. 5G antennas and base stations are smaller in the 5G era, but more of them would have to be installed on buildings or homes to compensate for their shorter range. Cities need to install extra repeaters to spread out the waves and extend range, while also maintaining consistent speeds in more densely populated areas, and thus, deployment of additional infrastructure requires high cost, which in turn create a negative impact on the growth of the market. A small tower and 5G cell site costs $30,000–$50,000 and due to such high costs small and medium enterprises are not opting for 5G. Investments needed in key components for a 5G network coverage includes spectrum, sites, power distribution and resilient strength fibre. Such factors have been creating an adverse impact on its market growth.

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5G IoT Market Landscape

Product innovations, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the 5G IoT Market. 5G IoT top 10 companies include: 

Qualcomm

Ericsson

Nokia Corporation

Samsung Electronics Co. Ltd.

AT&T Inc.

Verizon Communications Inc.

Vodafone Group Plc

Telefonica S.A.

Deutsche Telekom

SK Telecom

Recent Developments

In November 2021, Samsung announced about the launch of its latest automotive chip solutions, the Exynos Auto T5123 for 5G connectivity to enhance smarter and more connected automotive technologies for enriched in-vehicle experiences including entertainment, safety and comfort and other critical features on the road. This product is specifically designed to bring fast and seamless 5G connectivity in both standalone (SA) and non-standalone (NSA) mode to the next generation of connected cars.

In October 2021, Ericsson announced about the launch of end-to-end time critical communication for real time 5G experiences such as cloud gaming, AR/VR, and unlock new ones in remote control, mobility automation, and industrial control. With the launch of its new Critical IoT product, Ericsson is enhancing its 5G capabilities ensuring consistent low latency and high reliability demanded by time-critical applications and services for consumers, enterprises, and public sector. 

In August 2021, Qualcomm announced about the launch of Qualcomm Flight RB5 5G Platform to offer both 5G and AI-capabilities for delivering a solution which will drive the next generation of high-performance, low-power, 5G drones. With this launch, Qualcomm combines heterogeneous, low-power computing and camera systems with AI, and long-range connectivity such as 5G, and Wi-Fi 6 to bring together the unparalleled power of 15 TOPS with advanced imaging capabilities and drone-to-drone communication.