Which Type of Wireless Power Transmission Technology is Expected to Have the Highest Demand in the Future?

The wireless power transmission market to grow from USD 2.5 billion in 2016 to USD 11.3 billion by 2022, at a CAGR of 23.2% between 2017 and 2022.

As of 2016, Texas Instruments, Inc. (US), Qualcomm, Inc. (US), Integrated Device Technology, Inc. (US), Semtech Corp. (US), Toshiba Corp. (Japan), Panasonic Corp. (Japan), and Rohm Co., Ltd. (Japan) were the major players in the wireless power transmission market.

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Market in the APAC Region:

APAC is considered as the manufacturing hub for consumer electronic products such as smartphones, tablets, laptops, and wearable devices. It’s huge population and rapid urbanization in the past has led to the significant demand for devices. Thus, the presence of large consumer electronics industries in the counties such as China, Japan, India, and South Korea has attributed to the huge market size of the APAC region in the global wireless power transmission technology market.

Inductive Technology Share:

Currently, wireless power transmission is based on the two technologies; inductive and magnetic resonance. Inductive technology has almost commoditized in the wireless power transmission market, especially for the consumer electronics applications; therefore, held the largest market share in 2016. Smartphones, tablets, wearable devices are some key applications of the inductive wireless power transmission. On the other hand, magnetic resonance technology is yet to mainstream.

Smartphones receiver application:

Smartphones is the largest receiver application for wireless power transmission technology owing to the adoption of inductive wireless power transmission in various smartphones in the past years. Samsung Galaxy Series, Motorola Droid phones, and Google Nexus phones are some notable smartphones, which have wireless charging capabilities. Samsung Electronics Co., Ltd. (South Korea) has a major product portfolio of smartphones integrated with wireless charging receiver capabilities.

Noise Monitoring Market Size to Grow at 806.5 Million USD by 2023

According to the new market research report on the "Noise Monitoring Market by Sampling Method (Short-term, Long-term, & Permanent Monitoring), precision Type (Class 1 & Class 2), Connectivity (Wi-Fi, Cellular, Ethernet, & USB), Solution (Hardware, Software, & Service), Application, and Geography - Global Forecast to 2023", published by MarketsandMarkets™, this market is expected to be valued at USD 806.5 Million by 2023, at a CAGR of 4.1% between 2017 and 2023.

The report also profiles the most promising players in this market. The key players in this market are Svantek (Poland), RION Co. Ltd. (Japan), Bruel & Kjaer (Denmark), Cirrus Research Plc (UK), Extech Instruments (US), Pulsar Instruments (UK), 3M (US), Nti-Audio (Liechtenstein), Castle Group Ltd. (UK), SKF Group (Sweden), Kimo Instrument (Japan), B&K Precision Corporation (US), HT Instruments (Germany), 01dB (ACOEM Group) (France), SINUS Messtechnik GmbH (Germany), CESVA INSTRUMENTS SLU (Spain), Testo SE & Co. KGaA (Germany), and Casella Inc. (US).

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The major factors driving the growth of the noise monitoring market include the growing occupational hearing impairment in industries, stringent government policies, demand for reducing noise pollution in urban areas, need for noise monitoring systems at airports to optimize profit and capacity, rising installation of all-in-one environmental monitoring solutions, and requirement of noise monitoring infrastructures in mining, wind plant, petrochemical industry, and harbor.

Permanent Noise Monitoring Share:

Permanent noise monitoring held the largest share of the noise monitoring market in 2016. This can be attributed to the wide installation of permanent noise monitoring in places where regular measurement is backed by stringent government policies. Also, permanent noise monitoring is used mainly for real-time noise monitoring.

Cellular connectivity market:

The cellular connectivity for the noise monitoring market is likely to grow at the highest rate during the forecast period. The market is showing a high growth because noise monitoring helps companies and consultants remotely transfer noise data to the central system or cloud storage and reduces the data transfer time.

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Europe Share :

Europe is expected to hold the largest share of the noise monitoring market during the forecast period owing to the presence of major companies such as Brüel & Kjær (Denmark), SKF Group (Sweden), Svantek (Poland), Norsonic (Norway), Delta OHM (Italy), and Libelium Comunicaciones Distribuidas (Spain), providing noise monitoring solutions to customers in countries such as the UK, France, Germany, Denmark, Sweden, Spain, and others. The governments in Europe are very stringent regarding adherence to noise policies. The manufacturing companies in this region need to regularly monitor the noise level to avoid heavy penalties.

IoT Battery Market Trends - Global Forecast to 2025

The battery market for IoT is estimated to grow from USD 9.2 billion in 2020 to USD 15.9 billion in 2025; growing at a CAGR of 11.6% from 2019 to 2025.

The major factors driving the growth of the market are multi-fold rise in the use of IoT and increase in the adoption of IoT-enabled devices, increase in the global demand for wireless communication, the surge in R&D activities to develop advanced, flexible, and thin batteries, and rise in demand for thin and flexible batteries used in IoT-enabled devices. However, high upfront costs involved in the development of thin and flexible batteries, and the ecological implications of the disposing of battery wastes hinder the growth of the market.

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The printed battery segment is expected to grow at the highest CAGR during the forecast period. Printed batteries are a newer type of micro batteries. They are mostly composed of Zinc-based materials. Advantages such as thin size and small form factor, and their ability to be disposed off easily have made printed batteries popular in smart packaging and medical application markets, with their demand likely to be increasing further during the forecast period.

Based on rechargeability, the battery market for IoT for primary batteries is expected to grow at the highest CAGR during the forecast period. Primary batteries are used in products that do not require high power and have a limited lifespan. These batteries are witnessing increasing applications in areas such as smart packaging, smart cards, home automation, retail, and medical and cosmetic patches, as they have low self-discharge time compared to rechargeable thin-film batteries.

The battery market for IoT for the aerospace and defense end-use application is expected to grow at the highest CAGR during the forecast period. The increasing installation of smart beacons that allow mobile apps to comprehend their position on a micro-local scale and deliver content to users based on their location using Bluetooth technology, is propelling the market growth.

The battery market for IoT in APAC is expected to grow at the highest CAGR during 2020–2025. APAC consists of a number of emerging economies such as Australia, India, China, Japan, and Singapore. The high rate of the adoption of new technologies has made this region a lucrative market for IT industries; attributed to this reason, the battery market for IoT in APAC is expected to grow at the highest rate. In addition, these countries are taking aggressive initiatives to upsurge the IT infrastructure enabling commercial users to adopt cutting-edge technologies.

Mobile Engagement Market 2023, Size, Share, Forecast, Trends

According to the recent research report "Mobile Engagement Market by User Type (SME, LSE), Solution (SMS & MMS, Push Notification, In-App Messaging, E-mail, App/Web Content), Vertical (Financial Services, Retail, Travel & Hospitality, Telecom & IT), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market will be valued at USD 4.44 Billion in 2017 and is expected to reach USD 38.70 Billion by 2023, at a CAGR of 43.46% between 2017 and 2023.

Major players operating in the mobile engagement market include IBM (US), Salesforce (US), Oracle (US), Adobe (US), Vibes Media (US), Selligent (Belgium), Urban Airship (US), Appboy (US), Localytics (US), Swrve (US), Tapjoy (US), and Marketo (US).

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SMEs expected to grow at a high rate during the forecast period

The key factor driving the growth of SMEs in the mobile engagement market is the increasing number of vendors that are likely to come up with solutions specifically to cater to the demands of SMEs. This is expected to help these businesses go mobile and start making use of digital marketing to drive traffic and increase sales.

Retail vertical expected to hold the largest share during the forecast period

Key factors contributing to the growth of the mobile engagement market in the retail vertical is the increased adoption of smartphones and tablets, and the use of mobile internet to offer great opportunities to retailers to effectively market their products and services.

Mobile engagement market in the North America expected to hold the largest share in 2016

North America is expected to hold the largest market share in 2016 owing to the increased adoption of mobile wallets among customers, which enables communication with brands about sales, offers, coupons, and loyalty programs. The market for mobile engagement in APAC is expected to grow at the highest CAGR during the forecast period and surpass North America by 2023.