Lithium Ion Battery Market in the Asia-Pacific Accounted the Major Share during Forecast 2024

Lithium ion battery is a rechargeable battery with longer lifecycle. It is used in applications which require high energy density solutions. It is used in notebook computers, hybrid automobiles and cellular phones. The global lithium ion battery market is growing at a significant rate, due to mounting requirement for electric vehicle, and mounting need for smart devices and other consumer electronic products. Different types of lithium ion batteries contributed to the lithium ion battery market size. The market has witnessed high demand for lithium nickel manganese cobalt in the coming years due to depleted proportion of cobalt in the combination.

Insight by Power Capacity

On the basis of power capacity the lithium ion battery market is subdivided into 0 to 3,000 mAh, 3,000 mAh to 10,000 mAh, 10,000 mAh to 60,000 mAh and more than 60,000 mAh. Among the all power capacity, the 3,000 mAh to 10,000 mAh is expected to grow at fastest rate in the market due to increasing market of consumer electronics and smartphones. In addition, 0 to 3,000 mAh segment accounted the largest share in the market.

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Growth Drivers

Mounting requirement for electric vehicle, mounting need for smart devices and other consumer electronic products, mounting demand for grid storage, government directives on fuel economy and expansions toward improvement of lithium ion batteries are the primary growth drivers for lithium ion battery market. Mounting acceptance of novel technologies in lithium ion batteries, stringent government regulations for the disposable of lead, mounting disposable income, and decreasing prices precedents to implementation of lithium ion batteries in novel application areas are also facilitating the growth for the lithium ion battery market.

Geographic Overview

Geographically, Asia-Pacific accounted the major share and is observed to witness highest growth in the lithium ion battery market due to mounting funding from the government. In addition, mounting disposable income, continuous development in automotive and consumer goods sector, mounting demand of electric vehicles, mounting consumer alertness to adopt environment friendly technologies and mounting adoption of smart devices are also facilitating the growth of the Asia-Pacific lithium ion battery market.

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Competitive Insight

In addition, in March 2018, Lithium Werks acquired the A123 Systems manufacturing plants located in China, to improve its position in market. BAK Group, Panasonic Corporation, Saft Groupe SA, BYD Company Ltd., Johnson Controls Inc., GS Yuasa Corporation, LG Chem, Ltd., Samsung SDI Co., Ltd., Lithium Werks, Hitachi Ltd., Toshiba Corporation and Valence Technology, Inc. are the key players offering lithium ion battery.

Geographical Segmentation
Lithium Ion Battery Market by Region
North America

• U.S.
• Canada
• Rest of North America

Europe

• U.K.
• France
• Netherlands
• Sweden        
• Rest of Europe

Asia-Pacific

• China
• Japan
• Singapore
• Taiwan
• Rest of Asia-Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa

• South Africa
• Rest of Middle East & Africa

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North America Has Been the Largest Optical Networking and Communication Market, Globally

Optical networking is a form of a communication network that helps in dispersing information to several telecommunication nodes by consuming signals that are encoded onto the light. Furthermore, it has been observed that these systems operate from the limited range of local area networks that are commonly known as LAN. Optical cables are capable of extremely high bandwidth in accordance to the requirements of the user thereby these factors are fueling the growth of optical networking and communication market at an extensive rate across the globe. On the basis of technology, the optical networking and communication market is segmented into fiber channel, sonnet/SDH and WDM. WDM is further sub-segmented into DWDM and CWDM. Among all these segments, the broad segment fiber channel is expected to generate the largest revenue throughout the estimated period. This technology enables users to adopt more storage systems, enhanced scalability and severs the connection.

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Large bandwidth at lower cost, increasing telecom industry, increasing adoption of cloud-based services and increasing deployment of data centers are the key factors that is pertaining towards the growth of the optical networking and communication market. Furthermore, increasing demand for high bandwidth is accelerating the growth of optical networking and communication market. Additionally, it has been observed that the fiber optic cables that are usually utilized in optical networking and communication market are proficient of attaining extremely high bandwidth in the near future.

Moreover, optical networks have the capability of optimizing the congestion on the network due to increasing data traffic. Due to more deployment of data centers and adoption of cloud-based services, the need for high bandwidths is increasing which is provided by optical networks hence, it has fuelled the growth of the optical networking and communication market exponentially worldwide.

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Geographically, North America has been the largest optical networking and communication market, globally and it is anticipated to remain so during the forecast period. The extensive evolution of I.T sector has also been a reason for advanced growth in optical networking and communication market in this region. Moreover, optical networking and communication market in the Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the increasing penetration of household internet, power generation and increasing number of mobile phone users in this region that are considered to be the key driving forces in the growth of the optical networking and communication market globally.

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Mobile Payment Technologies Market: Everything You Want To Know About ?

Mobile payments are the transactions that are enabled with mobile telecommunications network that is done with a monetary value with diverse mobile user’s devices, such as mobile terminals, cellular telephones and smartphones. Mobile payment enables transferring of funds in return for goods or services that requires mobile device for confirming and executing payment. Furthermore, mobile payment systems enable consumers to make an immediate payment by using a smartphone. Moreover, increasing number of smartphone users across the globe that is pertaining towards the growth of the mobile payment technologies market.

Insight by Industry

On the basis of industry, the mobile payment technologies market is segmented into IT & telecommunications, government services, travel and hospitality, BFSI, healthcare, retail, media & entertainment, transportation and logistics and others. Among all these segments, retail segment is anticipated to generate largest revenue by 2024 since providers are constantly searching for alternatives that help them in engaging more customers and enhancing their satisfaction level.

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Moreover, apart from paying with card or cash there are several mobile payment options that are availed to the customers by the retail service providers such as Samsung Pay and Apple Pay. These applications enable customers to make quicker payments via an NFC equipped platform. Furthermore, increasing domain of mobile payment in retail domain is thereby bolstering the growth of mobile payment technologies market worldwide.

Growth Drivers

Increase in adoption of cashless transactions, increasing demand for easy and hassle-free purchase of goods and services, improved communication networks, increasing adoption of smartphone technology and increasing acknowledgment for the need of clean transactions are some of the key factors that are driving the growth of mobile payment technologies market exponentially.  With the acknowledgment of the significance of cashless transactions among people, mobile payment technology has widened its reach in almost every segment of the business. May it be consumer to business or business-to-business transaction, mobile payment technology is available for all kinds of transactions, which can further makes the technology more popular.

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Geographic Overview

Geographically, Asia-Pacific dominates the mobile payment technologies market followed by North America. The increasing revenue of mobile payment technology in Asia-Pacific is attributed towards large population in the region. Furthermore, Asia-Pacific has the highest numbers in the adoption rate of smartphones due to the large population of young generation. Furthermore, increasing initiatives undertaken by the government authorities in China and India towards promotion of cashless transactions has expounded the demand for the mobile payment technologies market in this region.

Competitive Insight

Key players in the mobile payment technologies market are taking major steps to improve the security for the online payment platforms. These steps include the companies to collaborate with security providers to form a different department to focus specifically on the security issue. Such steps taken by the prominent players give them a competitive edge in the global market. The key players in the mobile payment technologies market are Alipay.com, General Motors Company, MasterCard Incorporated, Samsung Group, Amazon.com, Inc., Apple Inc., Starbucks Corporation, PayPal holdings, Inc., Paytm and Square, Inc.

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North America Dominates Virtual Reality in Gaming Market Due To Increasing Deployment of Gaming Sectors

Virtual reality is the technology that enables the user with an environment that is interactive and engaging in a computer-generated arena and that is further roused in accordance with the graphics requirements of a particular game. It has been observed that virtual reality technology in gaming sector assimilates auditory and virtual feedbacks that enable the gamer to get involved in a fictional area where with the use of stimulation physical presence of a player is ensured. Moreover, increasing disposable income in developing countries and the introduction of a large number of gaming devices are factors pertaining towards the growth of the virtual reality market in gaming sector across the globe.

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Virtual reality in gaming market gives the player an experience of playing inside the game itself. Along with this the gamer can customize and change the simulated environment according to the preference and requirement of the players. Further, increasing disposable income of people in the emerging economies and the increasing involvement of young generation in gaming area are other factors that are attributing towards the growth of the virtual reality in gaming market across the globe. It has been observed that there are several small companies in developing economies that are developing the latest VR devices that help the gamers to completely involve and engage themselves in the game.

Geographically, North America dominates virtual reality in gaming market due to increasing deployment of gaming sectors and extensive influence of games amongst the young generation in this region are the key factors pertaining towards the growth of virtual reality in gaming market in this region. Furthermore, the key providers of virtual reality in gaming reside in this region and are further consuming their resources to make these games adaptable on the virtual reality.

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Furthermore, virtual reality in gaming market in Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to large number of population and their increasing acceptance for gaming technology. It has been observed that there have been many official gaming influencers who are officially popular gamers and whose job are confined towards indulging others into games. Many gaming companies are hiring such influencers to promote the use of virtual reality headsets for gaming purpose that is further bolstering the growth of the virtual reality in gaming market in this region.

Key players in virtual reality in gaming market are launching new products in order to engage large consumer base. For instance, in 2016 Sony Corporation had launched new headset further targeting new and expanding their existing consumer base. Some of the prominent players in the virtual reality market include Kaneva, Linden Research Inc., Nintendo Co. Ltd, Nvidia, Qualcomm, Microsoft Corporation, HTC Corporation, Sony Corporation and Samsung Electronics Co. Ltd.

Geographical Segmentation
by Region


North America

• U.S.A
• Canada

Europe

• Germany
• U.K.
• France
• Italy
• Spain
• Austria
• Ukraine
• Belgium
• Norway
• Portugal
• Poland
• Denmark
• Sweden
• Netherlands
• Hungary
• Switzerland
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Australia
• South Korea
• Indonesia
• Rest of Asia-Pacific

Rest of the World

• Brazil
• Mexico
• Chile
• Argentina
• Iran
• Egypt
• Turkey
• Saudi Arabia
• A.E
• South Africa
• Uruguay
• Other Countries

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Global RFIC Market Is Growing at a CAGR of 8.4% during the Forecast 2024, Skyworks Solutions, Inc., NXP Semiconductors N.V

Global RFIC market is growing at a CAGR of 8.4% during the forecast period due to the increasing demand from emerging economies, increasing adoption of IoT solutions and increasing internet penetration across the globe. RFIC are the devices that enable users in computing devices with long-range connectivity with the use of LTE networks. Furthermore, extensive deployment of internet of things (IoT) in developing economies is another factor that is driving the growth of the RFIC market. However, absence of international standards and high initial establishment cost is another factor that is hampering the growth of the global RFIC market.

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Asia-Pacific is the largest RFIC market across the globe and is also predicted to witness significant growth during the forecast period. The presence of large number of OEMs in the region, increasing internet penetration, and increasing automation in supply chain management are leading to the high demand for RFIC technology in the region. The RFIC market in Latin America and Middle East and Africa will also witness significant growth in the coming years owing to the large unexplored
territories and developing information and communication technology infrastructure in the region.

Based on application, the market is categorized into mobile, tablet and others, of which the mobile category is the largest contributor and also predicted to witness the highest growth during the forecast period. The high demand for RFIC in mobile devices is primarily due to the increasing internet penetration and number of smart phone users, and increasing adoption of connected devices.

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Key players in the RFIC market are leveraging market growth through development of new innovation strategies and establishing long-term contractual relationships with business partners. The key players operating in the RFIC market include Infineon Technologies AG, TriQuint Semiconductor, Qualcomm Technologies, Inc., Skyworks Solutions, Inc., NXP Semiconductors N.V., Silicon Laboratories Inc., Avango Technologies, STMicroelectronics NV, and Renesas Electronics Corporation.

Global RFIC Market Coverage 
Product Insight and Forecast 2014-2024

• Transceivers
• Wireless USB
• Wi-Fi
• ZigBee
• Near Field Communication (NFC)
• Bluetooth
• RF MEMS
• Wi-MAX
• Power Amplifiers
• Mobile TV
• GPS
• Others

Application Insight and Forecast 2014-2024

• Mobile
• Tablet
• Others

Geographical Segmentation
Global RFIC Market by Region
North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific

• Japan
• China
• India
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Brazil
• Other Countries

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Electric Motor Market Is Estimated To Demonstrate A CAGR of 5.9% during the Forecast 2024

Global electric motor market is estimated to demonstrate a CAGR of 5.9% during the forecast period attaining a market size of USD 145.3 billion by 2024. The driving parameters for the growth of the market include rise in adoption of electric motors across industries for automating operations, high demand of electric motors for commercial and residential application, and the increasing requisite for energy efficient motors. During the forecast period, it is expected that the largest application area of electric motor will be motor vehicles. The growing automotive industry is considered to act as a flux for the high demand of electric motors in motor vehicles. Some of the other application areas of electric motor include industrial machinery, transportation, household appliances and others.

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Based on type, the electric motor market is categorized into DC motor, AC motor and hermetic motor, with AC motor leading the market by size. The low maintenance associated with AC motors marks its increased demand over other types. On the basis of output power, the market for electric motor is fragmented into integral horsepower output and fractional horsepower output. Of these, fractional horsepower output of electric motors is estimated to generate the larger revenue during the forecast period, owing to the increasing usage of these motors across automotive and consumer goods industries.

APAC is projected to lead the global electric motor market even during the forecast period. The increasing number of original equipment manufacturer (OEMs) across the region with focus on the usage of electric motors across varied sector, particularly agriculture, automotive, and commercial is expected to contribute to the market growth in APAC. Moreover, the government of developing countries of the region is primarily focusing on promoting in-house manufacture of components, in accordance to the huge investments for industrialization which is further propelling the growth of the electric motor market in APAC.

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Some of the other leading players in the electric motor industry include Johnson Electric , Holdings Limited, AMETEK, Inc., Franklin Electric Co., Inc., Denso Corporation, Robert Bosch GmbH, SL Montevideo Technology, Inc., Siemens AG, ABB Ltd., and ARC Systems, Inc.

Global Electric Motor Market Coverage
Motor Type Insight and Forecast 2014-2024

• Direct Current (DC) Motor
• Alternating Current (AC) Motor
• Hermetic Motor Vibration

Output Power Insight and Forecast 2014-2024

• Integral Horsepower Output
• Fractional Horsepower

Application Insight and Forecast 2014-2024

• Industrial Machinery
• Motor Vehicles
• Transportation
• Household Appliances
• Others Industrial

Geographical Segmentation
Electric Motor Market System Market by Region
North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• U.K.
• Italy
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World (RoW)

• Brazil
• South Africa
• Saudi Arabia
• Other Countries

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