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Smart TV Market will be US$ 495.87 Billion by 2030
Renub Research has published a document titled “Global Smart TV Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030,” which includes market share statistics and a thorough enterprise analysis. This report focuses on the competition, geographic distribution, and growth capability of the Global Smart TV Market. Global Smart TV Market is anticipated to amplify at a…
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#global smart tv market#smart tv market#smart tv market analysis#smart tv market by resolution type#smart tv market forecast#smart tv market growth#smart tv market research#smart tv market share#smart tv market size
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Smart TV Market - Forecast (2023 - 2028)
View More @ https://tinyurl.com/7a2wtpcm
According to a Cisco study, in the year 2019, online video streaming will account for 90% of the Internet traffic[1]. The telecommunications marketplace has not missed this update, and capitalized majorly on this factor. Smart TVs, one of the latest and most important electronic inventions, has made entertainment streaming a cakewalk. Smart TV market companies and online streaming services have developed a symbiotic relationship where the latter benefits from the large screens, and easy connectivity, and smart TVs make use of the plethora of options offered by streaming services. The global smart TV market size in 2018 was between $130 billion to $140 billion. The market is also projected to grow at a notable CAGR of 8%-10% during the forecast period of 2019-2025.
Smart TV Market Outlook:
Any television that can be connected to the Internet, and used as a standalone device, is a smart TV. Though companies these days are selling intelligent TVs as a separate product, a regular TV with a set-top box can also be converted into a smart TV. Over-the-top content offered by online streaming services can be streamed seamlessly on smart TVs by connecting to the internet. This service is thoroughly utilized by consumers owing to the on demand streaming media facility that can be enjoyed on a large screen instead of being limited to our laptops, or mobile phones. As a result of China actively stealing production share of the smart TV market, Asia Pacific region leads the smart TV market globally with a regional share of 35%. 46 to 55 inches sized smart TVs are in extensive demand because of their screen size, as well as the accessibility their offer during global sports events like the FIFA World Cup, or the Olympics.
Smart TV Market Growth Drivers:
Rising Demand for Personalized Entertainment
Gone are the days when people would flock to cinema halls, or flip through their satellite TV channels. We have entered the times of online streaming on a big screen. Smart TV provides that facility by providing internet connectivity which helps consumers in subscribing to their favorite online streaming services like Netflix, and Amazon Prime.
Global adoption of advanced technologies, and rising technological advancement will bolster the smart TV market growth.
Smart TV Market Challenges:
The most prominent challenge faced by the market is the taxation of smart TVs. In India for example, smart TVs are placed under the highest tax slab of the Goods and Services Tax. Consumers are supposed to pay 28% of the already exorbitant rates at which the TVs are sold. Relaxation of taxation will greatly benefit the market, and help fight this challenge.
Smart TV Market Key Players Perspective:
Key market players are equipping smart TVs with Artificial Intelligence in order to make the experience more seamless. Consumers can now communicate with their TVs, and more often than not, don’t need a remote control.
Key market players in the smart TV market are Sony Corporation, LG Electronics, Inc., TCL Corporation, and Koninklijke Philips N.V., Haier Electronics Group Co., Ltd, Intex Technologies, LeEco, Panasonic Corporation, Sansui Electric Co. Ltd., Samsung Electronics, Toshiba Corporation, and Videocon Industries Limited.
Smart TV Market Trends:
Smart TV Prices Will Fall Off In The Upcoming Years
Smart TVs share histories of what the consumer is watching with online streaming websites in order to present more relatable content. Interactive advertisement revenue is also shared between the TV companies, and the marketers, thus establishing a symbiotic relationship. Easier access to multiple shows, and similar services elevates consumer interest, which has led to virtually all sold televisions these days to be smart TVs. This will disrupt the market, and lead to lower prices with robust sales in the upcoming years.
Smart TV Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Smart TV Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Smart TV Market, and their specific applications in different areas.
Smart TV Market Report: Industry Coverage
The Smart TV Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
#smart tv market#smart tv market price#smart tv market size#smart tv market shape#smart tv market forecast#smart tv market analysis#smart tv market research#smart tv market report#set-top boxes#IPTV#satellite TV
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The United States smart TV market size is projected to exhibit a growth rate (CAGR) of 2.00% during 2024-2032. The growing popularity of streaming services, the widespread adoption of smart TV in the educational sector, and the continuous evolution of technology led manufacturers to innovate, improve screen quality, enhance connectivity options, and incorporate voice recognition features into their products represent some of the key factors driving the market.
#United States Smart TV Market#United States Smart TV Market size#United States Smart TV Market 2024#United States Smart TV Market 2032#United States Smart TV Market growth#United States Smart TV Market forecast
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#Global Curved Smart TV Market Size#Share#Trends#Growth#Industry Analysis#Key Players#Revenue#Future Development & Forecast 2023-2032
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MediaTek Dimensity 9300+: Experience Next-Level Performance
MediaTek Dimensity 9300+
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Smart Home Market - Structure, Size, Trends, Analysis and Outlook 2030
The global smart home market size is expected to reach USD 537.01 billion by 2030, registering a CAGR of 27.07% from 2023 to 2030, according to a new study by Grand View Research, Inc. The smart home is driven by computing devices and information technology that link smart home instruments and gadgets to provide convenience, entertainment, and enhanced comfort to residents in a sustainable way. The market growth is attributed to the rising penetration of the Internet of Things (IoT) and Internet connectivity in homes. Moreover, the trend of modern technologies, such as Artificial Intelligence (AI), being integrated with smart homes has enabled more advanced and digitally smart devices for better living.
In addition, the growing penetration of smartphones is driving the market as smart home devices can be controlled through a smartphone, thereby enabling ease of access and usage. Furthermore, the trend of automation in daily mundane tasks is expected to support market growth significantly. The rising need for home security has prompted the use of AI-powered smart home devices. Facial recognition and threat analysis are among the features included in these gadgets that are expected to drive the demand for smart home solutions. Asia Pacific is expected to emerge as the fastest-growing region over the forecast period.
This is mainly owing to the improved standards of living and increased consumer disposable income levels in the region. The rapid penetration of the internet, smartphones, and other digitally advanced equipment in the region is also expected to drive market growth. Furthermore, the increased demand for smart speakers, such as Siri and Alexa, significantly impacts the region’s growth. In addition, the trend of luxurious lifestyles in developing nations in the region, due to increased disposable income and personal choice among consumers for smart devices, is propelling the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Smart Home Market
Smart Home Market Report Highlights
Based on products, the security & access controls segment recorded the highest revenue share in 2022 due to the increased demand for advanced security solutions and the necessity to restrict access to rooms or safes with valuable items and goods
The wireless protocols segment is expected to grow at the highest CAGR over the forecast period as wireless technology is continuously undergoing extreme developments in terms of connectivity and latency
The new construction application segment is expected to register the fastest CAGR over the forecast period as product installations are easier in new constructions with prior knowledge of wall placements and wire/power outlets
The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period due to the increasing internet and IoT devices penetration
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
People Counting System Market: The global people counting system market size was estimated at USD 1.26 billion in 2024 and is anticipated to grow at a CAGR of 13.7% from 2025 to 2030.
Call Center AI Market: The global call center AI market size was valued at USD 2.00 billion in 2024 and is projected to grow at a CAGR of 23.8% from 2025 to 2030.
Smart Home Market Segmentation
Grand View Research has segmented the global smart home market on the basis of products, protocols, application, and region:
Smart Home Products Outlook (Revenue, USD Million, 2018 - 2030)
Security & Access Controls
Security Cameras
Video Door Phones
Smart Locks
Remote Monitoring Software & Services
Others
Lighting Control
Smart Lights
Relays & Switches
Occupancy Sensors
Dimmers
Other Products
Entertainment Devices
Smart Displays/TV
Streaming Devices
Sound Bars & Speakers
HVAC
Smart Thermostats
Sensors
Smart Vents
Others
Smart Kitchen Appliances
Refrigerators
Dish Washers
Cooktops
Microwave/Ovens
Home Appliances
Smart Washing Machines
Smart Water Heaters
Smart Vacuum Cleaners
Smart Furniture
Home Healthcare
Other Devices
Smart Home Protocols Outlook (Revenue, USD Million, 2018 - 2030)
Wireless Protocols
ZigBee
Wi-Fi
Bluetooth
Z Wave
Others
Wired Protocols
Hybrid
Smart Home Application Outlook (Revenue, USD Million, 2018 - 2030)
New Construction
Retrofit
Smart Home Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Order a free sample PDF of the Smart Home Market Intelligence Study, published by Grand View Research.
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Smart Home Market Size, Status, Analysis and Forecast 2030
The global smart home market size is expected to reach USD 537.01 billion by 2030, registering a CAGR of 27.07% from 2023 to 2030, according to a new study by Grand View Research, Inc. The smart home is driven by computing devices and information technology that link smart home instruments and gadgets to provide convenience, entertainment, and enhanced comfort to residents in a sustainable way. The market growth is attributed to the rising penetration of the Internet of Things (IoT) and Internet connectivity in homes. Moreover, the trend of modern technologies, such as Artificial Intelligence (AI), being integrated with smart homes has enabled more advanced and digitally smart devices for better living.
In addition, the growing penetration of smartphones is driving the market as smart home devices can be controlled through a smartphone, thereby enabling ease of access and usage. Furthermore, the trend of automation in daily mundane tasks is expected to support market growth significantly. The rising need for home security has prompted the use of AI-powered smart home devices. Facial recognition and threat analysis are among the features included in these gadgets that are expected to drive the demand for smart home solutions. Asia Pacific is expected to emerge as the fastest-growing region over the forecast period.
This is mainly owing to the improved standards of living and increased consumer disposable income levels in the region. The rapid penetration of the internet, smartphones, and other digitally advanced equipment in the region is also expected to drive market growth. Furthermore, the increased demand for smart speakers, such as Siri and Alexa, significantly impacts the region’s growth. In addition, the trend of luxurious lifestyles in developing nations in the region, due to increased disposable income and personal choice among consumers for smart devices, is propelling the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Smart Home Market
Smart Home Market Report Highlights
Based on products, the security & access controls segment recorded the highest revenue share in 2022 due to the increased demand for advanced security solutions and the necessity to restrict access to rooms or safes with valuable items and goods
The wireless protocols segment is expected to grow at the highest CAGR over the forecast period as wireless technology is continuously undergoing extreme developments in terms of connectivity and latency
The new construction application segment is expected to register the fastest CAGR over the forecast period as product installations are easier in new constructions with prior knowledge of wall placements and wire/power outlets
The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period due to the increasing internet and IoT devices penetration
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
People Counting System Market: The global people counting system market size was estimated at USD 1.26 billion in 2024 and is anticipated to grow at a CAGR of 13.7% from 2025 to 2030.
Call Center AI Market: The global call center AI market size was valued at USD 2.00 billion in 2024 and is projected to grow at a CAGR of 23.8% from 2025 to 2030.
Smart Home Market Segmentation
Grand View Research has segmented the global smart home market on the basis of products, protocols, application, and region:
Smart Home Products Outlook (Revenue, USD Million, 2018 - 2030)
Security & Access Controls
Security Cameras
Video Door Phones
Smart Locks
Remote Monitoring Software & Services
Others
Lighting Control
Smart Lights
Relays & Switches
Occupancy Sensors
Dimmers
Other Products
Entertainment Devices
Smart Displays/TV
Streaming Devices
Sound Bars & Speakers
HVAC
Smart Thermostats
Sensors
Smart Vents
Others
Smart Kitchen Appliances
Refrigerators
Dish Washers
Cooktops
Microwave/Ovens
Home Appliances
Smart Washing Machines
Smart Water Heaters
Smart Vacuum Cleaners
Smart Furniture
Home Healthcare
Other Devices
Smart Home Protocols Outlook (Revenue, USD Million, 2018 - 2030)
Wireless Protocols
ZigBee
Wi-Fi
Bluetooth
Z Wave
Others
Wired Protocols
Hybrid
Smart Home Application Outlook (Revenue, USD Million, 2018 - 2030)
New Construction
Retrofit
Smart Home Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Order a free sample PDF of the Smart Home Market Intelligence Study, published by Grand View Research.
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Forex Goldmine: How CCI and PMI Can Boost Your Trading Success Unlocking Hidden Forex Opportunities: CCI Meets PMI for Maximum Gains You know that feeling when you buy a pair of shoes on sale, and they just sit in your closet like a bad investment? Yeah, that's how some traders feel about the CCI—Commodity Channel Index. It often gets lumped into the 'bargain bin' of indicators, but here’s the insider secret: when paired with PMI—the Purchasing Managers Index—CCI can shine like those shoes you finally wear to the perfect event. Buckle up, we're about to reveal the hidden tricks to using these tools together for some seriously next-level Forex trading. The Unexpected Power Combo: CCI & PMI Imagine if Batman and Robin decided to trade Forex. The CCI and PMI are a bit like that dynamic duo—each has its own quirks, but together, they're unstoppable. The CCI, often overlooked, measures how far price is from its statistical average, which essentially tells you whether the market is in "sale" or "overpriced" territory. The PMI, on the other hand, tells you how the big wigs in manufacturing are feeling about the economy—which is a pretty solid insight when you’re looking at where currencies might go next. Let's be clear, though: using just one of these indicators is like trying to bake a cake with just flour. Technically, you can do it, but no one’s eating that. The magic is in combining these indicators to confirm each other's signals. This gives you an advantage over the herd that blindly follows more popular tools. The Little-Known CCI Formula Only Experts Use Here's where the real magic happens: the CCI (Commodity Channel Index) is actually a secret ninja tool when used creatively. It's like that underrated friend who always seems to know where the party is at. Most traders just look at the CCI as a boring old oscillator—a way to tell when an asset is overbought or oversold. But here’s the scoop—its real strength comes when you use it with divergence to predict market reversals. For example, let’s say you’re looking at the EUR/USD pair, and the price action is showing higher highs, but the CCI isn’t agreeing—it's actually making lower highs. This kind of disagreement—or "divergence" for you technical geeks—is like catching your neighbor trying to sneak your newspaper. It tells you something fishy is going on, and a reversal might be on its way. Smart traders keep an eye out for these divergences and use them to get in before the rest of the market catches on. Why PMI Is the Secret Sauce for Spotting Trends You’re probably wondering, "But what’s the point of the PMI?" Well, the PMI is like your buddy who somehow knows which way the wind will blow before the weatherman does. It’s an economic health gauge based on surveys from major manufacturing managers. They basically give you the behind-the-scenes scoop on whether industries are bullish or bearish about the near-term future. Let’s break it down. When the PMI comes in above 50, it’s like a signal that the economy is expanding. Below 50, and it’s shrinking—a bit like those jeans you thought would fit after quarantine. Traders take these insights and match them with CCI signals to build a robust forecast. For example, if the PMI comes in hotter than expected (say 56 instead of 50) and the CCI is showing overbought conditions, you’ve got yourself a potential turning point. It’s like seeing all the cars suddenly turning down the street—you know something’s up, and you better get ahead. Combining CCI & PMI for a Killer Edge Alright, let’s tie these two together like the ultimate trading power couple they are. Here’s the step-by-step playbook: - Check the PMI Data Release: Keep an eye on the PMI numbers. You can find the release dates on economic calendars—they’re like TV show spoilers, but way more useful. - Analyze Market Reaction: After the PMI is released, note the market's knee-jerk reaction. It’s like seeing a cat jump at a cucumber—entertaining, but also an opportunity to plan your next move. - Overlay CCI Indicator: Look at the CCI reading for the same currency pair. If the CCI is showing overbought or oversold and aligns with the direction that PMI is hinting towards, this is your secret weapon moment. - Look for Divergence: Keep an eye out for any CCI divergence that’s in contrast with price action. If price is making lower lows but CCI is hinting higher lows, it’s like a backstage pass to the show before anyone else gets in. - Enter at the Breakout: Now, the moment we’ve all been waiting for—enter your trade when price breaks out of a confirmed level in the direction indicated by PMI and CCI. Make sure to manage your risk like you would keep track of your house keys—you’re not getting far without it. Why Most Traders Get It Wrong (And How You Can Avoid It) Now, here's where a lot of traders mess up. They either rely too much on a single indicator or ignore economic data like PMI. They’re like that guy at the gym doing only bicep curls—it might look cool for a second, but he's forgetting everything else that counts. By using PMI data to get a macro view and then refining your entry with the CCI, you’re essentially getting a bird's-eye view and then zooming in with binoculars to find the precise entry point. It’s the kind of comprehensive analysis that separates the traders who make money from the ones who just look busy. The Forgotten Strategy That Outsmarted the Pros One overlooked tactic with CCI is what I like to call the "zone bounce" strategy. It’s based on using CCI to find overbought or oversold "zones" rather than individual points. When the CCI is above +100, it’s an overbought zone; when it’s below -100, it's an oversold zone. But here’s the ninja trick—you don't immediately enter a trade when it hits those levels. Instead, wait for CCI to dip back into the neutral zone, which is between -100 and +100, and then come back to the overbought/oversold level. It’s like double-checking if the coast is clear before you cross the street—a little patience can go a long way in protecting your capital. Pairing this with PMI, you’ll know if the broader economy aligns with your CCI bounce—a confluence that pros often overlook. Think of it like seeing both the weather report and the traffic report before deciding whether to take an umbrella on your commute. But Wait, How Do You Get the Data? Now, don’t worry—you don’t need to memorize PMI release schedules or sit around calculating CCI by hand like it's 1995. We've got you covered with the latest economic indicators and Forex news at StarseedFX News. Plus, for anyone wanting to refine their trading skills, we provide detailed courses that walk through methods like CCI divergence step-by-step—all for free at StarseedFX Free Forex Courses. The Ultimate Ninja Tactic for Forex Trading Combining CCI with PMI is not for the faint-hearted. It’s for traders who want to elevate their game beyond the usual RSI and MACD fluff you see everywhere. The trick is to use PMI to understand the broader economic direction and then drill down with CCI to pinpoint the perfect entry. Remember, these tools are your Batmobile and grappling hook—super powerful when used correctly, but even better when you know which villain you’re facing. What’s next? Start putting these ninja tactics into action. And hey, if you’re looking for some extra firepower, check out our free trading plan to manage your trades like a pro, and grab our smart trading tool to optimize your setups without lifting a finger. Got your own CCI + PMI story? Drop a comment below—I love hearing about the wins and the 'oops' moments (especially the oops moments—those are the real gems). Let’s keep this conversation going and continue uncovering those underground trends that make trading an adventure. —————– Image Credits: Cover image at the top is AI-generated Read the full article
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Global Broadcast Automation Software Market Analysis 2024: Size Forecast and Growth Prospects
The broadcast automation software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Broadcast Automation Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The broadcast automation software market size has grown exponentially in recent years. It will grow from $1.74 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to growing complexity in broadcast media planning, increase in the adoption of cloud-based solutions, increasing demand for smart devices, increased need for operational efficiency and cost reduction, rising demand for personalized content and audience engagement.
The broadcast automation software market size is expected to see rapid growth in the next few years. It will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to rising popularity of multimedia streaming applications, growing demand for seamless broadcasting in single channel environments, increasing demand for automation in broadcasting and entertainment industries, increasing demand for high-quality content, increasing investments in broadcasting infrastructure. Major trends in the forecast period include technology advancements, cloud-based solutions in broadcasting, integration of AI and machine learning, emergence of personalized and interactive content experiences, shift towards IP-based and remote production workflows.
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Scope Of Broadcast Automation Software Market The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Broadcast Automation Software Market Overview
Market Drivers - The rising popularity of multimedia streaming applications is expected to propel the growth of the broadcast automation software market going forward. Multimedia streaming refers to the delivery of video or audio content over the Internet in compressed form, allowing users to play the media immediately without the need to download it to their device's storage. Multimedia streaming applications are experiencing growth due to several factors, including the widespread adoption of smartphones, tablets, smart TVs, and other connected devices, the availability of high-speed internet, and the increasing demand for on-demand content. Broadcast automation software is used to simplify content management for media streaming platforms, including content ingestion, transcoding, and delivery to different devices and networks. Broadcast automation software also plays a crucial role in ensuring the smooth transmission of multimedia content by automating tasks related to planning broadcast media with high precision. For instance, in April 2023, according to a press release shared by Netflix Inc., a US-based streaming media company, Netflix had 223 million paying subscribers in the fourth quarter of 2022, and by the first three months of 2023, that number had risen to 231 million. Therefore, the rising popularity of multimedia streaming applications is driving the growth of the broadcast automation software market.
Market Trends - Major companies operating in the broadcast automation software market are focusing on advanced technological solutions, such as radio automation software, to make broadcasting more efficient and effective. Radio automation software is an advanced tool that revolutionizes the radio broadcasting industry by automating various tasks essential for running a radio station. For instance, in March 2023, Aiir, a US-based IT service management company that provides online services and products to broadcast radio stations, launched PlayoutONE version 5, a radio automation software designed for broadcasters that focuses on increasing speed and efficiency and allowing broadcasters to get more things done with ease. PlayoutONE version 5 features a significant improvement to WebVT, a program that enables users to broadcast from anywhere using only a web browser. The update enhances the broadcasting experience by lowering latency and improving audio quality. PlayoutONE V5 is available as a free update to existing customers and is designed for all broadcasters, including individuals and broadcast stations around the world.
The broadcast automation software market covered in this report is segmented –
1) By Product: Web-Based, Cloud-Based, Hybrid 2) By Solution: Software, Service 3) By Application: Entertainment, Healthcare, Education, Government, Other Applications
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Regional Insights - North America was the largest region in the broadcast automation software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broadcast automation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the broadcast automation software market are Belden Incorporated, Harmonic Inc., Grass Valley, Avid Technology, Evertz Microsystems, Ross Video, Amagi Corporation, Imagine Communications, Visualization in Real-Time (Vizrt), Snell Limited, Dayang Technology Development Inc., Dalet Digital Media Systems, Bitcentral Inc., Video Stream Networks (VSN), Automated Video Editing (Aveco), Pebble Beach Systems, BroadStream Solutions, ENCO Systems Inc., Cinegy GmbH, Pixel Power Ltd., Florical Systems, PlayBox Technology, OASYS Automated Playout, Orad Hi-Tec Systems
Table of Contents 1. Executive Summary 2. Broadcast Automation Software Market Report Structure 3. Broadcast Automation Software Market Trends And Strategies 4. Broadcast Automation Software Market – Macro Economic Scenario 5. Broadcast Automation Software Market Size And Growth ….. 27. Broadcast Automation Software Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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The Evolving Display Driver Market: Trends, Innovations, and Future Outlook
Introduction
The Display Driver Market is projected to grow at a compound annual growth rate (CAGR) of 7.3% throughout the forecast period from 2022 to 2027.
The display driver industry is an essential yet often underappreciated part of our digital ecosystem. Display drivers, or driver integrated circuits (ICs), bridge the interface between processors and display panels in a wide variety of devices—from smartphones and laptops to large TVs and automotive screens. With an increase in demand for high-resolution displays, improvements in mobile technology, and the rise of smart, connected devices, the display driver market has experienced significant growth and transformation. This blog will explore the key trends, challenges, and future directions for the display driver market, providing insights into an industry that is foundational to today's tech-driven society.
Market Size and Growth Drivers
The global display driver market is poised for consistent growth, driven by advancements in display technology and the proliferation of consumer electronics. Some of the primary growth drivers include:
Demand for High-Resolution Displays: Consumers are increasingly seeking better visual experiences on their devices. Display drivers are critical to supporting resolutions like 4K, 8K, and beyond, particularly in smartphones, tablets, and televisions.
Rise in Consumer Electronics: The smartphone and television markets remain the largest consumers of display drivers, with tablets, laptops, and wearables also contributing significantly. As these products evolve to include features like foldable and flexible screens, the demand for specialized display drivers rises.
Expansion in Automotive and Industrial Applications: With the rise of digital dashboards, heads-up displays (HUDs), and infotainment systems, the automotive sector has become a major adopter of display drivers. Similarly, industrial equipment now relies on advanced display technologies, driving the need for reliable and high-performance display drivers.
Growth of the IoT Ecosystem: Smart home devices, wearables, and other IoT products increasingly include small screens, creating demand for compact, energy-efficient display drivers.
According to recent market research, the display driver IC market could exceed USD 10 billion by the mid-2020s, with growth fueled by consumer electronics, automotive advancements, and IoT expansion.
Key Industry Trends
a. OLED and AMOLED Technologies
Organic Light Emitting Diode (OLED) and its advanced variant, AMOLED, have become the preferred display technologies for smartphones and high-end televisions. Unlike traditional LCDs, OLEDs provide richer colors, deeper blacks, and faster response times. However, OLEDs require specialized display drivers that are more complex and costlier to manufacture than LCD drivers. As a result, the demand for OLED-compatible display drivers is rapidly increasing.
b. Shift Toward Smaller Process Nodes
To keep up with the miniaturization of devices, display driver manufacturers are working on smaller process nodes, such as 28nm and 14nm technology. These smaller nodes allow for more energy-efficient and powerful drivers, which is especially important for battery-powered devices like smartphones, tablets, and wearables.
c. Mini and MicroLED Displays
As MiniLED and MicroLED technologies gain traction, display driver manufacturers are responding with new designs tailored to the unique demands of these displays. These technologies offer higher brightness, longer life spans, and energy savings, positioning them as potential game-changers in applications where longevity and power efficiency are critical, such as automotive displays and public signage.
d. Enhanced Functionality for Automotive Applications
As more vehicles incorporate digital dashboards and advanced infotainment systems, automotive-grade display drivers are now essential. These drivers are designed to handle extreme temperatures, maintain reliable performance over extended periods, and support larger, high-resolution displays. Some drivers are even equipped with safety-critical features like fault detection and real-time error correction.
e. Low-Power Consumption and Sustainability Focus
Power-efficient designs are now a standard in display drivers, given the increasing focus on sustainability and the need to prolong battery life in portable devices. Manufacturers are using innovative materials and efficient architectures to minimize power draw, which not only benefits end-users but also aligns with eco-conscious initiatives.
Market Challenges
Despite its growth, the display driver industry faces several challenges:
Supply Chain and Component Shortages: The semiconductor industry has experienced significant shortages, affecting the availability of display drivers and impacting various sectors, including automotive and consumer electronics.
Manufacturing Complexity and Cost: Advanced displays such as AMOLED and MicroLED require complex and costly driver designs. This can pose challenges for smaller players in the market, leading to consolidation and monopolization.
Technological Fragmentation: With the rapid pace of new display technologies, manufacturers must often design specialized drivers for each new standard (LCD, OLED, MiniLED, etc.). This fragmentation adds to development costs and reduces scalability.
Environmental Impact: Producing display drivers at scale involves resource-intensive processes. Companies are being pressured to adopt greener practices, use recycled materials, and reduce waste, all of which can add to production costs.
Future Outlook
The future of the display driver market is bright, with innovation in display technologies, IoT adoption, and automotive applications likely to drive demand for more advanced and diverse display drivers. Key projections include:
Higher Resolutions Across All Devices: As 8K TVs and high-definition smartphone screens become more accessible, manufacturers will need display drivers capable of handling higher pixel densities and refresh rates.
Flexible and Foldable Screens: Foldable devices require specially designed drivers that can adapt to changes in screen orientation and size. This trend is expected to grow, particularly in the smartphone and tablet markets.
Integration with AI and ML: AI and machine learning may play a larger role in display driver technology, particularly for automotive applications, where real-time processing is essential for safety and user experience.
Greener Technologies: Sustainable practices will become a competitive differentiator as companies and consumers alike prioritize environmentally friendly technologies. Expect to see more recycled materials and energy-efficient designs in future display drivers.
Emerging Markets Growth: While developed markets remain strong, emerging markets are set to fuel growth in lower-cost, high-volume products like smartphones and TVs. Companies that can balance affordability with quality in display driver ICs will find significant opportunities in these regions.
Conclusion
The display driver industry sits at the intersection of multiple fast-evolving technologies and sectors. As screens become more ubiquitous and central to our daily experiences, the demand for innovative, high-performance, and sustainable display drivers will only continue to grow. Industry players who can keep up with the technological demands and navigate the supply chain challenges will be well-positioned to lead in this dynamic market.
Whether it’s the next foldable phone or a futuristic car dashboard, the future is bright—and the display driver market will be an essential part of this digital transformation.
#Display Driver Market trends#Display Driver Market size#Display Driver Market share#Display Driver Market analysis#Display Driver Market forecast#Display Driver Market demand
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#smart tv market#global smart tv market#smart tv market size#smart tv market share#smart tv market growth#smart tv market analysis#smart tv market forecast#smart tv market research#smart tv market by resolution type#smart tv market by size
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India Smart Card Market Overview | $90.16 Billion in 2023, Forecasted $166.16 Billion by 2032
Astute Analytica has released a comprehensive report titled India Smart Card Market – Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032. This report provides an in-depth examination of the industry, including valuable insights into market analysis, competition, and geographical research. It also highlights recent developments in the global industry.
Market Overview and Forecast
India Smart Card Market is surging, with a projected CAGR of 7.22% between 2024 and 2032 and is poised to reach a market size of US$ 166.16 billion by 2032 from US$ 90.16 billion in 2023.
In addition to market positioning, the report offers a thorough analysis of relevant data, key developments, and revenue streams. It outlines the strategies employed by key market players to expand their market presence and strengthen their positions. The report includes detailed information that illustrates the overall market condition.
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Key Insights
The report emphasizes future trends, market dynamics, market shares, threats, opportunities, and entry barriers. Important analytical data is presented through pie charts, graphs, and tables, providing readers with a clear understanding of the market landscape.
Marketing Channels and Supply Chain
Special attention is given to marketing channels, downstream client surveys, upstream raw materials analysis, and market development trends. The report also includes expert recommendations and crucial information about major chemical suppliers, manufacturers, key consumers, distributors, and dealers, along with their contact details. This information is essential for conducting a detailed market chain analysis.
Geographical Analysis
The report features detailed investigations into the global market across various regions, analyzing over 20 countries that significantly contribute to market development. Key regional markets studied include North America, Europe, Asia Pacific, South America, Africa, the Middle East, and Latin America. This thorough examination aids in identifying regional market opportunities and challenges.
Competitive Analysis
To illustrate the competitive landscape, the report differentiates business attributes and identifies leading market players. It includes the latest trends, company profiles, financial standings, and SWOT analyses of major India Smart Card market players, providing a comprehensive view of the competitive environment.
Key Players
HID Global
Gemalto
IDEMIA
Giesecke & Devrient
Bartronics India Limited
Honeywell International, Inc.
ACPL Systems Pvt. Ltd.
WinAMR Systems Pvt. Ltd.
4G Identity Solutions Pvt. Ltd.
Shanghai Huahong Integrated Circuit Co., Ltd.
iValue InfoSolutions
Microchip Technology India Pvt. Ltd.
For Purchase Enquiry: https://www.astuteanalytica.com/industry-report/indian-smart-card-market
Methodology
The India Smart Card analysis is based on primary and secondary data sources. Primary sources include expert interviews with industry analysts, distributors, and suppliers, while secondary sources encompass statistical data reviews from government websites, press releases, and annual reports. Both data types validate the findings from global market leaders. The report utilizes top-down and bottom-up approaches to analyze estimates for each segment.
Market Segmentation
By Type
Contact Smart Cards
Contactless Smart Cards
By Component
Microcontroller
Memory Cards
By Form Factor
Subscriber Identity Module (SIM)
Integrated Circuit Card (ICC)
Embedded Integrated Circuit Card (eICC)
By Functionality
Transaction
Communication
Security & Access Control
By Application
Telecommunications
National Population Register
Public Distribution Systems
Pay TV
Loyalty Cards
Financial Services
Credit/Debit Cards
Financial Inclusion
PAN Cards
Travel Identity
E-Passports
Driving License
Registration Certificates
Health Care
Rashtriya Swasthya Bima Yojana
Others
Automated Fare Collection
Metro Rail Projects
Delhi Metro
Kolkata Metro
Bangalore Metro
Mumbai Metro
Hyderabad Metro
Chennai Metro
Other Metro Projects
Bus Transportation
Ahmadabad’s Public Bus Transport System
Mumbai’s and Navi Mumbai’s Public Bus Transport System
Karnataka’s Public Bus Transport System
Other Bus Transport Systems
Indian Railways
By Region
North India
East India
South India
West India
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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Electronic Adhesives Market - Forecast (2024-2030)
Electronic Adhesives Market Overview
Electronic Adhesives Market Size is forecast to reach $ 6,820 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Electronic adhesives are used for circuit protection and electronic assembly applications such as bonding components, wire tacking, and encapsulating electronic components. The use of electronic adhesives in manufacturing components for electric vehicles such as printed circuit boards, lithium-ion batteries, and battery pack assemblies are facilitating growth of the market. Growing adoption of surface mounting technology to replace welding and soldering is one of the prominent trends in the electronics industry, shaping the demand for electronics adhesives.
Report Coverage
The report: “Electronic Adhesives Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electronic Adhesives Industry.
By Type: Thermal Conductive, Electrically Conductive, Ultraviolet-Curing and Others.
By Resin Type: Epoxy, Cyanoacrylates, Polyamides, Phenolic, Silicones, and Others (Acrylics, and Polyurethane)
By Application: PCB’s, Semiconductor, and Others
By End-User Industry: Consumer Electronic (Wearable Devices, LEDs & TVs, Smart Phones & Tablets, Computers, Laptops, and Others), Healthcare, Energy & Power (Solar, Wind, and Others), Telecom Industry, Transportation (Automotive (Passenger Vehicles, Light Commercial and Heavy Commercial Vehicles), Marine, Locomotive, and Aerospace), Oil & Gas, Chemical, Pulp & Paper, and Others.
By Geography: North America, South America, Europe, APAC, and RoW
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Key Take away
In 2020, North America held the largest share after APAC. Due to growing demand for electronic adhesives in electronics and telecommunication industry. The US hold the largest share in the region over the forecast period.
Growing adoption of electric vehicles is expected to provide a major growth opportunity for the market.
Emission of Volatile Organic Compounds (VOC’s) may deter the market's growth during the forecasted period.
COVID-19 has hindered the market growth owing to the disruption of supply chain and worldwide lockdown.
Electronic Adhesives Market Segment Analysis - By Type
Electrically Conductive segment held the largest share of more than 30% in the electronics adhesives market in 2020. Electrically Conductive are used in various industry verticals such as aerospace, automotive, medical, and telecom products. Electrically conductive is an excellent solution for making electrical contacts on PCBs and other temperature-sensitive substrates, as their curing temperature is below the soldering temperature. An increase in demand for Anisotropic Conductive Adhesives (ACA) in LCD connections, PCBs, and bonding antenna structures further boost the demand for the market. Electric conductive are also used in the LED industry for their capacity to serve as stable electrical contacts by absorbing mismatches, which will likely boost the market's growth for the forecasted period.
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Electronic Adhesives Market Segment Analysis - By Resin Type
Epoxy segments held the largest share of more than 25% in the market in 2020. Epoxy is widely used in electronic applications, either in two-part or single-part heat cure products. Epoxy has good resilience against environmental and media influences, it has a dry and non-tacky surface which is perfect to be used as a protective coating and is widely used in adhesives, plastics, paints, coatings, primers and sealers, flooring, and other. Curing epoxy adhesives can take place either at room or elevated temperature or through photoinitiators and UV light. Modern photoinitiators also react to the special UV spectrum of LED light sources, so that newly developed epoxide resin adhesives can be cured with both UV and UV LED light. Some epoxies exhibit optical properties and diffraction indexes, making them useful for applications in precision optics, lens bonding, and information technology, which will further boost the market's growth.
Electronic Adhesives Market Segment Analysis - By Application
Printed Circuit Boards (PCBs) segment held the largest share of more than 35% in the market in 2020. Electronic adhesives are used as a conformal coating in PCBs. Adhesive is used in wire tracking, potting & encapsulation of components, conformal coatings of circuit boards, and bonding of surface mount components. PCBs are highly reliable, cheap, less chance of short circuit, easily repairable, and are compact in size. The growing uses of laptops, smartphones, and household appliances coupled with developing living standards further drive the growth of PCB. Whereas, the growing uses of PCB’s in automotive, industrial & power equipment, control & navigation systems, and aerospace monitoring also contribute to the market growth. According to Aerospace Industries Association (AIA) report, in 2018, aerospace and defense exports amounted to $151 billion, an increase of 5.81% from the previous year, and civil aerospace accounted for the majority of exports with $131.5 billion.
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Electronic Adhesives Market Segment Analysis - By End-User Industry
Consumer Electronics segment held the largest share of more than 30% in the Electronic Adhesives Market in 2020. Rapid urbanization and increase in the development of new technology have propelled the demand for consumer electronics. As per the United Nations, 55% of the world’s population lives in urban areas, which propel the demand for consumer electronics. The growing demand for lightweight and portable equipment such as smartphones, laptops, and digital cameras are playing a significant role in boosting the demand for the market. As per a report released by Nexdigm Private Limited, a private company, the global electronics industry is expected to reach $7.3 trillion by 2025, which will significantly propel the demand for the market during the forecasted period.
Electronic Adhesives Market Segment Analysis - By Geography
Asia-Pacific held the largest share of more than 45% in the Electronic Adhesives Market in 2020. China, India, and Japan are the major contributors to the growth of Electronic Adhesives Market in APAC. The large consumer base, developing manufacturing sector, and increase in middle-class population along with smart city projects are major factors for the market growth. As per the Indian Brand Equity Foundation (IBEF) report released in 2020, electronics manufacturing in India is expected to reach $163.14 billion by 2025, and demand for electronics hardware in India is expected to reach US$ 400 billion by 2024. The shifting of production lines to the APAC region for the low cost of production and the ability to serve the local emerging market is another factor for the growth of the market in the region.
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Electronic Adhesive Market Drivers
Growing Need for Miniaturized Electronic Products
Growing demand for low-cost, reliable, and miniaturized electronic devices from consumers propel the market's growth. The increasing demand for miniaturized products has led to the development of smaller electrical components, which occupy less area. The need for smaller and thinner consumer electronics devices is a new trend among consumers. The surface mount technology helps in using and assembling much smaller components, thus facilitating a smaller, portable, and lightweight electronic device. Pocket calculators, smartwatches & other wearable devices are some of the examples. Such miniature devices will further drive the demand for electronic devices and in return will boost the demand for the Electronic Adhesives Market as they are used in manufacturing these devices.
Introduction of 5G Network
Introduction 5G networks are planned to increase mobile broadband speeds and added capability for 4K/8K video streaming, virtual reality (VR) or augmented reality (AR), Internet of Things (IoT), and mission-critical applications. Introduction of 5G will boost the telecommunication industry, with better coverage, and internet speed, which also create a demand for Electronic Adhesives Market as they are used in manufacturing telecom devices. 5G will transmit data ten times faster than 4G and is set to take hold in 2020. This will spark a revolution in many industries such as electronic, energy, medical, automotive, defense, aerospace and others, which will boost the market's growth. 5G will impact the viewing experience for consumer, with its VR & AR which will further boost the demand for consumer electronic industry, which in return will boost the demand for electronic adhesive market.
Electronic Adhesive Market Challenges
Technological Changes & VOC Emission
The market is facing challenges due to technological changes. Shorter leads can damage temperature-delicate components in several applications and to overcome such obstacles electrical components should be assembled after soldering. However, this hampers productivity due to higher costs of production and time consumed in the manufacturing process. Growing concern over the emission of volatile organic compounds (VOCs) is expected to hamper the market growth over the coming years. During the manufacturing of electronics adhesives, VOC is discharged that may pose health and environmental concerns. VOCs are the major contributors to smog and ozone formation at low atmospheric levels.
Emergence of COVID 19
The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. And the Electronic Adhesives Market was no exceptional, as the global production facilities of the electronics, parts have been reduced due to the logistics slowdown and unavailability of the workers. Furthermore, various e-commerce sites had discontinued the delivery of non-essential items which included electronics devices, which affected the electronic industry.
Electronic Adhesive Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Electronic Adhesives Market. In 2020, the market of electronic adhesives has been consolidated by the top 10 players accounting for xx% of the share. Major players in the Electronic Adhesives Market are BASF SE, Panacol-Elosol GmbH, 3M Co., H.B. Fuller Co., Henkel AG & Co. KGaA, Hitachi, Ltd., Mitsui & Co., Ltd., Bostik, Inc., Chemence Inc., tesa SE, Parker Hannifin Corp., Meridian Adhesives Group, among others.
Acquisitions/Technology Launches
In November 2019, Bostik, Inc., announced it has launched a new range of innovative engineering adhesives Born2Bond™, for bonding applications in automotive, electronics, luxury packaging, and medical devices. With this new launch Bostik will not only expand its product portfolio but also expand it offering to various industries, which will further drive the market's growth.
In September 2020, Meridian Adhesives Group, a leading manufacturer of high-value adhesives technologies has announced that the “Company” would be serving the Electric Vehicles Market and provide its adhesive solution, with this announcement Meridian Adhesives would expand its product offering in automobile industry, which will further derive the market's growth.
Key Market Players:
The Top 5 companies in Electronic Adhesives Market are:
Panacol-Elosol GmbH
3M
H.B. Fuller Company
Henkel AG & Co.KGaA
Parker Hannifin Corp.
#Electronic Adhesives Market Size#Electronic Adhesives Market Trends#Electronic Adhesives Market Growth#Electronic Adhesives Market Forecast#Electronic Adhesives Market Revenue#Electronic Adhesives Market Vendors#Electronic Adhesives Market Share#Electronic Adhesives Market
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Smart TV Market to Witness Highest Growth Driven by Escalating Penetration of High-Speed Internet Connectivity
The global smart TV market is estimated to be valued at US$ 150 billion in 2024 and is expected to exhibit a CAGR of 16% over the forecast period from 2024 to 2031.
Smart TV or connected TV refers to internet-enabled television sets that allow users to stream online content directly from the TV screen. Incorporating technological advancements such as voice control, multi-screen management, and content sharing features onto television sets has revolutionized the way viewers consume multimedia content across genres. The ability of smart TVs to seamlessly connect with other smart home devices and enable personalized streaming services has augmented their adoption among households globally. Rapid digitization and escalating penetration of high-speed internet connectivity is driving the demand for smart TVs. Key Takeaways
Key players operating in the smart TV market are Samsung Electronics, LG Electronics, TCL, Hisense, and Xiaomi. The growing popularity of over-the-top (OTT) media services among audiences is fueling the sales of smart TVs. Key players such as Netflix, Amazon Prime, and Disney+ are partnering with smart TV manufacturers to pre-install their applications, thereby driving their adoption. Smart TV Market Trends intechnological advancements such as integration of artificial intelligence (AI) and virtual reality (VR) capabilities are helping smart TV manufacturers to deliver a more personalized viewing experience. AI-enabled features such as content recommendation, voice search, and augmented interactivity are enhancing user engagement. Market Trends The incorporation of innovative panel technologies: Major players are focusing on developing smart TVs integrated with innovative panel technologies such as OLED, QLED, and micro-LED to provide superior picture quality, contrast ratio, and viewing angles. Growing preference for large-screen TVs: Changing consumer behaviors and rising disposable incomes are fueling the demand for large-screen smart TVs of screen sizes 65 inches and above for an immersive home theater experience. Market Opportunities Surging demand from emerging economies: Countries such as India, Brazil, and Indonesia are expected to witness high growth in smart TV sales owing to the expanding middle-class population and growing media and entertainment consumption. Integration of 5G technology: Future opportunities lie in developing 5G-enabled smart TVs that can support rapid content streaming and seamless connectivity of IoT devices for an enhanced smart home experience. Impact of COVID-19 on Smart Tv Market Growth
The COVID-19 pandemic significantly impacted the Smart Tv Market News globally. During the initial lockdown phase in early 2020, the supply chain was disrupted and manufacturing units were shut down. This led to a dip in production volumes across major smart TV manufacturing countries. However, as people were confined to their homes due to lockdowns and movement restrictions, the demand for in-home entertainment increased rapidly. Smart TV emerged as one of the most viable options for accessing OTT platforms, online gaming, video conferencing and virtual socialization. Many upgraded to newer and larger screen sizes to enhance home viewing experience. Various streaming platforms also launched new attractive subscription plans and deals to fuel viewership.
As lockdowns eased from mid-2020, production facilities gradually resumed operations with strict safety protocols. Major brands strategized to cater to the emerging demand through new product launches and attractive offers. The rising work from home and hybrid work culture further boosted demand as people upgraded TVs for professional usage as well. By late 2020, the disruptions were minimized and many countries saw stronger rebound in sales compared to the pre-pandemic levels.
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Exploring the Growth of the Visual Effects (VFX) Market
Analysis of Visual Effects (VFX) Market Size by Research Nester Reveals the Market to Grow with a CAGR of 7.1% during 2024-2036 and Attain USD 22.5 billion by 2036. Research Nester assesses the growth and market size of global Visual Effects (VFX) Market which is anticipated to be on account of the increasing demand of virtual reality (VR) and augmented reality (AR) among consumers. Research Nester’s recent market research analysis on “Visual Effects (VFX) Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global Visual Effects (VFX) Market in terms of market segmentation by component, product, technology, application, and by region. Surge of Streaming Platforms and Digital Media to Promote Global Market Share of VFX The global Visual Effects (VFX) Market is estimated to grow majorly on account of the widespread adoption of high-speed internet, mobile devices, and smart TVs. According to the World Economic Forum, in 2022, there were more than 8.58 billion active mobile subscribers globally, out of a total population of 7.95 billion. A wide variety of content, including documentaries, user-generated videos, TV shows, and movies, can be accessed on streaming platforms whenever and whenever you want. As a result, content creators can concentrate on creating interesting and high-quality content to draw in and keep members. Because of this, content producers are using VFX technology more and more to set themselves apart from the competition and tell stories with greater visual impact. Additionally, VFX is becoming more and more popular in the educational field, where learners need visually stimulating content to get the most out of their study. Some of the major growth factors and challenges that are associated with the growth of the global Visual Effects (VFX) Market are: Growth Drivers: · Surge in the demand for high-quality content · Growing adoption of VFX in the gaming industry Challenges: Digital characters, environments, and effects sequences are among the visual effects creations that are protected by copyright law in the Visual Effects (VFX) Market. This prevents the original writers' work from being used, distributed, or displayed in public without permission. Many visual effects studios develop their own unique processes, tools, and approaches to achieve specific visual effects. These trade secrets are valuable assets that are protected by a number of laws, including nondisclosure agreements (NDAs). VFX companies sometimes grant licenses to other creatives or companies to use their intellectual property in their works. This could be everything from stock footage and audio to 3D models or character concepts. Access our detailed report at: https://www.researchnester.com/reports/visual-effects-vfx-market/6379 By technology, the global Visual Effects (VFX) Market is segmented into AI (artificial intelligence) and AR. The AI segment is to garner highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. Artificial intelligence (AI) can automate tedious and repetitive VFX pipeline tasks like tracking, matte painting, and rotoscoping. This makes it possible for visual effects (VFX) artists to focus more on the artistic aspects of their work. VFX) Market is to generate the highest revenue by the end of 2036.
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