#electronics&semicon

The global smart fitness devices market is expected to reach USD 29.4 billion by 2025, according to a new report by Grand View Research, Inc. The smart fitness devices market has witnessed a rising demand among the growing urban population in a bid to enhance their fitness goals. Advantages such as accessing fitness activities data in remote and real-time operations have resulted in an increased penetration of the market. Additionally, there are tremendous opportunities for advancements in the smart fitness devices owing to the increasing usage of smartphones and enhanced internet accessibility, which, in turn, would fuel the growth of smart fitness market. The growing adoption of the smart fitness devices to keep track of sleep, steps, calories, heart rate, and other bodily stats is anticipated to revolutionize the market by 2025.

The smart fitness devices market has been segmented based on product into the smartwatch, wristband, smart clothing, smart shoes, bike computers, and others. Based on types, the market has been segmented into head-wear, torso-wear, hand-wear, leg-wear, and bike mount. The hand-wear segment is the biggest segment in terms of size and is expected to dominate the market over the forecast period. This growth may be attributed to the high demand of wristbands and smartwatches. The torso-wear segment is anticipated to experience a notable shift in its growth owing to the rising demand for smart clothing.

The growing awareness and popularity of smart fitness products are encouraging producers to invest in research & development for creating better products. Manufacturers are making massive investments to develop several new products in order to enhance user experience. Researchers are focusing on developing cost-effective and reliable products.

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Further key findings from the report suggest:

The growing     demand for smart fitness devices market can be accredited to the increasing     demand among individuals for keeping track of various body parameters such     as heart rate, sleep, steps taken, calories burned, and others.

The growing     penetration of Internet of Things (IoT) and enhanced internet     accessibility, which helps to direct digital controls for improved     Machine-to-Machine (M2M) communication, have encouraged users to adopt     smart fitness devices.

The increase     in adoption of wireless technology, sensor technology, miniaturized     hardware, cloud services, and smartphone have enabled smart fitness market     to emerge as a new promising consumer segment.

The North     American region accounted for the largest market share in 2016, which may     be attributed to its large consumer base.

Key industry     participants include Apple Inc. (U.S.), Fitbit Inc. (U.S.), Garmin Ltd.     (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Xiaomi     Inc. (China).

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The global distributed fiber optic sensor market size is expected to reach USD 2.39 billion by 2025, according to a new report by Grand View Research, Inc. Distributed fiber optic sensors are used in a wide range of application sectors such as oil & gas, infrastructure development, civil engineering, and power & utility.

The demand from the civil engineering vertical and the increasing growth opportunities in the oil & gas sector are driving the growth of the distributed fiber optic sensor market. Optical inspection equipment manufacturers are concentrating on ensuring DFOS sensors’ capability of working in a challenging environment. Associated innovation arenas are infrastructure, architecture, and assessment capability.

Numerous challenges and the consistencies and technological complexities that incur in optical inspection process are restricting the market growth. The auxiliary encounters of a DFOS equipment include repairs, reliability challenges, and rework problems. New product developers and visionaries aim to dominate the technology segment by providing exclusive technology offerings and value differentiation.

The growing penetration of the fiber optics technology is encouraging manufacturers and suppliers to invest in research & development for introducing better products. They are optimizing their production processes and regulating efficiencies & prices to curb all other alternatives of the fiber optics technology. As the production & installation processes of DFOS products are reasonably costly, researchers are focusing on developing dependable and competitively priced optic inspection products.

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Further key findings from the report suggest:

The     temperature sensing application segment dominated the market (in terms of     market size) in 2015. Temperature sensors find solicitations in the oil     & gas and civil engineering segments.

North     America dominated the global market and accounted for the largest market     share (in terms of revenue) in 2015

The growing     demand for DFOS equipment can be attributed to the ever-growing demand for     efficient and optimized processes, across enterprises and manufacturing     sectors

The key     industry participants include Yokogawa Electric Corporation (Japan),     Halliburton Company (U.S.), Schlumberger Limited (U.S.), and QinetiQ Group     plc (U.K.).

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The global electric power distribution automation systems market is expected to reach USD 23.7 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in the adoption of smart grids & funding initiatives is projected to spur the demand for distribution automation systems. The growing investments in transmission & distribution are expected to remain a key driver.

The global electric power distribution automation systems market is anticipated to witness a high growth over the forecast period, owing to the replacement of aging infrastructure across the globe. The emergence of smart cities is expected to further catapult the automation products market growth over the next nine years.

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Further key findings from the report suggest:

The     implementation of automation systems in substation automation is projected     to exhibit a significant growth at a CAGR exceeding 6% from 2016 to 2025     as the energy and power utilities are extremely focused on minimizing     distribution and transmission losses, which has resulted in the increasing     deployment of substation automation.

The     industrial application segment is expected to gain prominence over the     forecast period with an estimated CAGR exceeding 6%, which is accredited     to the rising need of installing distribution automation systems by     utilities across the globe.

Asia Pacific     emerged as the fastest-growing market and is expected to witness a healthy     CAGR of over 7%. The need to replace old transmission and distribution     power infrastructure is driving the demand for electricity utilities     across Asia Pacific to strengthen its power infrastructure.

 The     key purveyors in this industry comprise ABB Ltd., Eaton Corporation,     General Electric, Itron, Inc., Schneider Electric, and Siemens AG, among     others.

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The global collision avoidance system market is expected to reach USD 18.97 billion by 2025, according to a new study conducted by Grand View Research, Inc. The updated ratings of safety agencies and incorporation of anti-collision systems in mass-market models are expected to propel the market growth over the next six years.

The increasing awareness among consumers and extensive R&D by market players have fueled the market growth. Collision avoidance systems enable vehicles to carry out semi-autonomous and autonomous decision-making. The rising need for security from consumers and governments is also expected to drive the collision avoidance systems market growth.

The recent developments in the sensor technology are oriented toward making highly sophisticated devices and augmenting them with various parts of an automobile. Anti-collision systems enable automotive OEMs to integrate additional intelligence to achieve the goal of an autonomous car.

Strict legal and regulatory standards have mandated the inclusion of sensors in motor vehicles. This is further estimated to drive the collision avoidance systems market. However, the high costs of long-range radars and LiDAR-based systems may restrain the market growth as low-price carmakers may abstain from adding onto the cost of vehicles.

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Further key findings from the study suggest:

Radar-based     systems accounted for over 41% of the global market in 2015. The segment     is further expected to gain market share over the forecast period.

The reducing     prices of radars have led to the increased adoption of the technology by     various automotive OEMs

Camera-based     collision avoidance systems are expected to witness high growth, owing to     the government regulations mandating their incorporation into vehicles

Adaptive     cruise control accounted for a major market share in 2015. Such systems     rely on long-range and medium and short-range radar systems to     automatically adjust a vehicle’s speed.

Technological     innovations may mandate the incorporation of systems in vehicles to     counter the threat of accidents due to human errors, which account for 90%     of accidents, according to a 2014 UN Road Safety Collaboration study

Europe is     expected to continue to lead the market over the forecast period. It     accounted for over 33% of the market in 2015.

The key     industry participants include Bosch, Continental, Delphi, Denso, Autoliv,     and TRW, among others

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