North America Spearheads Innovation in Nanosensor Technology, Leads Global Nanosensor Market in Revenue Generation

From being a US$26.9-mn market in 2014 to exceeding US$1,500.9 mn by 2021, global nanosensors market are poised to witness unprecedented growth. This translates to a CAGR of 80.7% between 2015 and 2021, says a latest report by Transparency Market Research. While there are several existing and emerging uses of nanosensors, with healthcare and biomedical being the most remunerative, these miniature devices are also seeing an escalating use in military and homeland security applications.

Nanosensor manufacturing has attracted interest primarily because manufacturing them is cost effective. However, the mass-production of nanowire sensors is still regarded as being difficult because there is a dearth of equipment that can precisely and rapidly assemble these extremely tiny wires on a given surface. This difficulty could soon be overcome with the research community developing techniques to precisely place nanowires on to miniscule sensors.

On the demand side, nanosensors are compact and efficient, making their integration into various electronics devices and systems seamless. This factor will naturally cause the demand for nanosensors to spike dramatically in the coming years.

The United States is a hotbed of innovation in nanosensor technology. In the United States, and subsequently in North America, the high demand for nanosensors in the biomedical and healthcare industries is proving to be a game changer. There is a growing acceptance of nanosensors essentially because of their multiple desirable attributes such as low power consumption, low cost, compactness, and reliable performance. All of these factors collectively make nanosensors a veritable value addition to advanced systems and devices.

According to the TMR report discussed previously, the key factor driving the growth of the nanosensors market in North America is the escalating demand for portable diagnostic devices. So much so, that the biomedical and healthcare industries form the largest application segment in the nanosensors market. As portable diagnostic devices become more affordable, and their demand consequently increases, the positive impact of this trend will be felt by companies in the global nanosensors market.

In terms of revenue, the North America nanosensors market is expected to register a CAGR of 81.2% between 2015 and 2021. This growth rate is higher than that of the global market. Market analysts also predict exceptionally strong revenue growth in the Asia Pacific nanosensors market, with India being an especially lucrative region.

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Proliferation of Lab-on-a-chip Devices Creates Fertile Ground for Nanosensor Companies in Biomedical and Healthcare Industries

Based on the type of application, the global nanosensors market can be segmented into homeland defense and military, automotive and aerospace, biomedical and healthcare, and others. Of these, biomedical and healthcare lead the global nanosensor market. Industry veterans have touted nanosensors as the future of diagnostics, and with good reason. Nanosensors can potentially interact with cells at the molecular level, and this creates a virtually endless opportunity for using nanosensors in discovering, diagnosing, and treating various diseases and conditions.

Non-Volatile Dual In-Line Memory Module Market Trends and Forecast, 2015 - 2021

According to a new market report published by Transparency Market Research “Non-Volatile Dual In-Line Memory Module (NVDIMM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021”, the global NVDIMM market was valued at US$ 3.3 mn in 2014 and is expected to reach US$1,316.3 mn by 2021, at a CAGR of 136.6% from 2015 to 2021.

The global NVDIMM market is mainly driven by the benefits offered by NVDIMMs in terms of I/O performance, endurance, speed, latency, and data retention which has fueled their adoption in enterprise servers and storage products. NVDIMM is integrated into the main memory of the computing platform (server). It enables data retention even when the electric power is discontinued. These are used to improve system crash recovery time, enhance data security and the reliability and endurance of Solid State Drives (SSDs) among others. This combines of subsystem that integrates the data retention characteristics of the NAND flash memory along with the endurance and speed of DRAM. This integration makes NVDIMM a persistent memory module with low latency and very high speed. With further advancements in research and development, the global NVDIMM market can be expected to grow at a faster pace during the forecast period from 2015 to 2021.

By applications, this market is segmented into four segments: enterprise servers & storage, high-end workstation, networking equipments and others (smart card readers, memory devices, etc.). In 2014, enterprise servers and storage devices segment dominated the market and covered more than 70% of the overall market. Their dominance is expected to continue throughout the forecast period. Optimization of regular access to big data’s complicated information sets has increased the adoption of NVDIMM technology in enterprise servers and storage devices.

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By end-usage industry, the market is segmented into data centers & enterprise storage, consumer electronics, industrial & automotives, medical electronics, defense & aerospace, and others. Data centers & enterprise storage commanded the leader position among end-usage industry segments in 2014 and is expected to remain the leading end-use segment due to increasing need for ensuring data reliability, endurance, and performance in data center and storage applications since in this segment I/O performance is critical consideration and where downtime costs money. Considering the positive impacts of the points mentioned above, the global NVDIMM market can be expected to be positively impacted.

By geography, market has been segmented into four regions: North America, Europe, Asia Pacific (APAC) and Rest of the world (RoW). North America held the largest market share in 2014, accounted for a market share of more than 70%. The demand for high application performance, data security, speed, and data retention has accelerated the adoption of NVDIMMs in different end-use verticals, especially in data center applications including data mining, business analytics, and digital media transmission in the region.

Some of the leading players in the market are Viking Technology, Inc. (U.S.), AgigA Tech, Inc. (U.S.), Micron Technology, Inc. (U.S.), Netlist, Inc. (U.S.), SMART Modular Technologies, Inc. (U.S.), Intel Corporation (U.S.), Toshiba Corporation (Japan), Fujitsu Limited (Japan), Samsung Electronics Co., Ltd. (Korea), and Integrated Device Technology, Inc. (U.S.) among others. The report provides estimates of NVDIMM market in terms of revenue (USD Million) from 2015 to 2021. Competitive analysis of various market segments based on products, end-use applications and in-depth scrutiny of the NVDIMM market across different geographic regions falls under the scope of the report.

Growing Construction Activities Propel Circuit Breakers Market in Brazil

Circuit breakers are a device that stop the flow of current in an electric circuit for safety. Circuit breakers are widely used in commercial and residential construction projects. The growing brazil circuit breakers market for is mainly attributable to the increasing investment in roads, water supply, rail transport, housing, ports, and airport developments. Additionally, focused efforts on installing reliable and efficient power transmission and distribution channels, along with the development of new energy infrastructure in Brazil, is leading to a boom in the circuit breakers market in the country. This positive trend is also being supported by the government of Brazil, which is encouraging circuit breaker vendors to deploy these devices at varying voltage levels to ensure a continuous supply of power.

The circuit breakers market in Brazil is segmented on the basis of voltage level, arc quenching medium, and application. The voltage levels seen in this market are low voltage, medium voltage, and high voltage. By arc quenching medium, the circuit breakers market is segmented into air, SF6, vacuum, and others. The application of circuit breakers is seen in areas such as industrial, automotive, construction, oil and gas, power generation, and others.

Widespread Application of Low-voltage Circuit Breakers a Feature of Brazil Circuit Breakers Market

According to a recent research report, the low-voltage circuit breakers segment held the lion’s share in the Brazil circuit breakers market in terms of both volume and revenue in 2014. The factor driving this segment is the popular application of low-voltage circuit breakers in electrical distribution systems of manufacturing plants, residential and industrial constructions, the oil and gas sector, and the power generation industry. In the foreseeable future, the demand for the low-voltage circuit breakers segment will remain high in Brazil, as it offers a safe solution to most industrial users.

Air Circuit Breakers to Dominate Circuit Breakers Market in Brazil

Air circuit breakers are in the leading position in the circuit breakers market of Brazil as of 2014. This segment is expected to continue its dominance as the demand for air as a medium of insulation in low-voltage circuit breakers and switchgears will remain high. Furthermore, air circuit breakers are also a preferred option in the residential construction sector, which is a burgeoning industry in Brazil. Air circuit breakers are mainly used for protecting electrical machinery such as capacitors, generators, motors, and transformers.

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Rising Power Generation Segment Leads Demand from Brazilian Circuit Breakers Market

Amongst the applications, the power generation segment held a share of 35% in the Brazilian circuit breakers market in 2014. Circuit breakers of all voltage levels are used in the power generation sector. Additionally, growing concern pertaining to the reliability and safety of high-voltage power transmission is also contributing to the expanding demand for expensive high-voltage circuit breakers in the power generation industry of Brazil.

Some of the important players in the Brazil circuit breakers market are ABB Ltd., General Electric, Pennsylvania Breaker, LLC, , G&W Electric Company, Schneider Electric SE, Eaton Corporation, Toshiba Corporation, Alstom S.A., Siemens AG, Mitsubishi Electric, Maxwell Technologies, and WEG S.A.

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Power Tools Market expected to lead the market during the forecast period

According to a new market report published by Transparency Market Research “Power Tools Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the power tools market was valued at US$26.13 bn in 2014, growing at a CAGR of 5.3% from 2015 to 2021 to account for US$38.03 bn in 2021.

The power tools are primarily used in construction and manufacturing industries. The ongoing infrastructure development in emerging economies such as India and China is aiding to the growth of this market. Furthermore, the rising concept of urbanization and modernization is also driving the power tools market. India is one of the emerging nations currently undergoing massive urban development as per their smart cities project. In addition, concept of Do It Yourself (DIY) is also supporting the market and helps them to cater residential sector. Furthermore, the availability power tools over various distribution channels and especially on e-commerce websites easily also supports DIY market. Therefore growing idea of DIY is acting as a driver for the power tools market.

The market has been segmented into three categories: by technology, application and geography. By technology, the electric power tools held the largest market share accounting to more that 50% in 2014 The dominance of this segment is attributed to the increasing application of electric power tools in construction industry. Moreover, electric power tools have the capacity of producing better torque as per the requirement of the work.

By regions, Asia Pacific held the highest market share in the 2014 and expected to lead the market during the forecast period. This region is witnessing tremendous industrialization due to the presence of developing regions like India and China.

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About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Global Structured Cabling Market: Rising Demand for Higher Bandwidth to Fuel Demand from Market

The global structured cabling market is exhibiting a robust growth over the next few years. A research report by Transparency Market Research (TMR) says that the market stood at US$7.1 bn in 2014. Analysts at TMR expect it to rise at a CAGR of 7.10% between 2015 and 2021 and reach US$11.4 bn by the end of 2021. As per the findings of the report, the rising demand for higher bandwidth in the global arena is the key factor, driving the worldwide market for structured cabling.

The worldwide structured cabling market is analyzed on the basis of the types of solutions available and their application. Based on solution type, the market is broadly segmented into hardware, software, and services and these solutions mainly serve for residential, commercial, industrial, government, and transportation purposes.

Hardware to Remain Leading Market Segment

The hardware segment leads the global structured cabling solutions market at present. In 2014, it accounted for 89% of the overall market. Analysts expect this segment to maintain its position in the coming years.

Fiber cable, copper cable, racks and cabinets, patch panels and cross connects are the major components of the hardware segment of the global structured cabling market. Among these, the demand for copper cable is the highest.

In 2014, the copper cable segment held over 59.6% of the overall market. The cost efficiency of copper cables, supported by their longer lifespan, is the main factor behind their soaring demand. Additionally, the cost of maintenance for these cables is very less owing to which, the segment is likely to witness a steady growth in the coming years.

The fiber cable market, on the other hand, is projected to report the highest CAGR of 8.0% during the period from 2015 to 2021. The compactness of fiber cable is boosting its popularity among consumers.

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Asia Pacific to Report Fastest Growth

Regionally, the global structured cabling market is spread across North America, Europe, Asia Pacific, and the Rest of the World. North America, among all the regional markets for structured cabling, led the global structured cabling market until recently. It accounted for a share of 38.8% in the overall market in 2014.

The presence of a large number of data centers and the high penetration of the Internet have accelerated the demand for advanced structured cabling infrastructure, required to provide higher bandwidth in this region. This significantly aided the growth of the North America structured cabling market.

On the other hand, the Asia Pacific structured cabling market is projected to exhibit the fastest CAGR at 7.90% between 2015 and 2021. The rapid rise as well as the expansion of data centers and the infrastructure for IT & communication is the key reason behind the development of this regional market. The decrement in the cost required to setup the structured cabling infrastructure is propelling this market in Asia Pacific.

The global structured cabling market is moderately concentrated in nature. ABB Ltd., Panduit Corp., Nexans Société Anonyme., CommScope Holding Co. Inc., Siemon Co. LLC, Legrand SA, Furukawa Electric Co. Ltd., Corning Inc., Schneider Electric SE, and Belden Inc. are the major players operating in this market.

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

 Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Active Electronic Components Market to Grow due to Increasing Demand for Hybrid and Electric Vehicles

Active electronic components are used in areas such as telecommunications, consumer electronics, and computers, among others. These components form electronic circuitry and are manufactured or utilized within the electronics field. The requirement for enhanced energy efficiency in electronic products and the emergence of a number of applications is fuelling the demand for active electronic components. The electronics industry engages in designing, producing, creating, and selling devices such as televisions, radios, stereos, computers, and other electronics products. The numerous components required by the electronic industry for building various electronic products are supplied by the electronic components industry. The two industries complement one another and help in forming a key segment that caters to economies all around the world.

Rising Adoption of Renewable Energy Sources to Propel Active Electronic Components Market

The increasing trend of using hybrid and electric vehicles and increasing adoption of sources of renewable energy will fuel the global active electronic components market in forthcoming years. In addition, recent technological advancements within active electronic components have raised the demand for small-sized hand-held devices such as tablets, smartphones, and PDAs. The convenience and networking potential of these electronic devices have fuelled the usage of smart wearable devices including smart wrist bands and smart watches, among others. Hence, the demand for reduced component size and increased reliability has raised the demand for active electronic components. In addition, the increasing concerns regarding energy efficiency have raised the requirement for active electronic components that aid in conservation of energy, thus stimulating the market for active electronic components. On the other hand, rising electronic waste due to the use of active electronic components may impede the growth of the market in the coming years.

Semiconductor Devices Led the Market in 2014

On the basis of product type, the market is segmented into diodes, semiconductor devices, integrated circuits, display devices, optoelectronic components, cathode ray tubes, microwave tubes, photoelectric tubes, x-ray tubes, triodes, and others. Amongst these, the segment of semiconductor devices held the biggest share in 2014 and is predicted to rise exponentially in forthcoming years. This is owing to the rising product innovations and growing demand for energy-efficient devices within the electronics industry. The semiconductor devices segment includes transistors, diodes, and optoelectronic components, among others. On the other hand, the prime applications of display devices include consumer electronics, display systems, and medical electronics.

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North America Active Electronic Components Market Held a Share of 32%

On the basis of geography, the active electronic components market is segmented into Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa (MEA). Amongst these, in 2014, North America emerged as the biggest market and held a share of 32% in the market for active electronic components. This is due to the increasing adoption of micro-electromechanical systems and renewable energy resources. However, the regional segment of Asia Pacific is poised to supersede North America in the coming years and is predicted to grow exponentially, rising at a healthy 9.10 % CAGR from 2015 to 2023.

Infineon Technologies AG, Texas Instruments, Inc., Fairchild Semiconductor International, Inc., Maxim Integrated Products Inc., Analog Devices, Inc., ON Semiconductor, NXP Semiconductors NV, Toshiba Corporation, Diotec Semiconductor AG, Vishay Intertechnology, Inc., Panasonic Corporation and Everlight Electronics Co., Ltd., among others, are the prime players operating in the market.  

3D Imaging Market to Reach US$17.99 bn by 2021, Driven by High Demand for 3D Cameras

3D Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021” the 3D imaging market was valued at USD 3.51 billion in 2014 and is expected to reach USD 17.99 billion by 2021, growing at a CAGR of 26.8% during forecast period.

The global 3D imaging market is poised for significant growth during the forecast period. Growing demand for 3D medical imaging and increasing usage of 3D imaging in machine vision applications of industrial automation are primarily fuelling the market growth. Furthermore, rising demand for 3D imaging technology in the media and entertainment industry is positively impacting the expansion of the global market. The healthy economic growth of emerging markets such as those in the China, India and Middle East is also fueling the growth of latest technologies, which is in turn, driving the demand for 3D imaging systems. These factors in total are set to bolster the growth of the global market during the forecast period from 2015 to 2021.

Based on end-use products containing 3D imaging technique, market is segmented into 3D cameras, sonography, smartphones and others including 3D televisions and robotics. 3D cameras occupied the largest share of the market in 2014. 3D cameras have been further segmented into time of flight, stereo vision and structured light cameras. Sonography has been bifurcated into sonars and ultrasound. Owing to increasing adoption of smartphones, technological innovations and availability of unique features such as depth sensing and picture clarity, smartphones are projected to witness the fastest growth during the forecast period.

Based on 3D image sensors used for creating 3D images, the market is bifurcated into CMOS sensors and CCD sensors. CMOS sensors dominated the market in 2014 and are expected to emerge as the primary image sensor in the market during the forecast period. The rapid adoption of CMOS image sensors into the CCD applications market is hindering the taking away the market of CCD sensors.

By applications, the overall market is segmented into 3D modeling, 3D scanning, 3D rendering, image reconstruction and layout and animation. 3D scanning was the largest contributor to the market in 2014. Availability of low cost and portable 3D scanners coupled with increasing application of 3D scanning in animation and virtual reality applications are positively impacting the growth of the market. Implementation of 3D scanning in the architecture, engineering and construction (AEC) sector is set to offer promising growth opportunities to the market.

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In terms of end-use industries the market is segmented into: entertainment, healthcare, architecture and engineering, industrial applications, security and surveillance and others. The healthcare segment garnered the maximum revenue in 2014 and is witness steady growth throughout the forecast period. The technological advancements in scanning protocols, 3D volumetric reconstruction software and magnetic resonance hardware have facilitated the expansion of the role of 3D imaging in this field. Furthermore, increasing demand from other end-use industries such as automotive, entertainment, consumer electronics and industrial robotics is also expected to trigger the market growth in the coming years

By geography, the market is classified into four regions, namely North America, Europe, Asia Pacific and Rest of the World. North America occupied the largest share of the market in 2014 and was followed by Europe. In 2014, these two regions jointly held more than 70% of the global market. Rapid technological advancements owing to considerable research and development activities in these regions are the major drivers of the 3D imaging market.

Some of the major players in the market are: Infineon Technologies (Germany), Lockheed Martin Corporation (U.S.), Google Inc.(U.S.), Hewlett-Packard Corporation (U.S.), Microsoft Corporation (U.S.), Panasonic Corporation (Japan), GE Healthcare (U.K.), Konica Minolta, Inc. (Japan), STEMMER IMAGING Ltd. (Germany) and Zebra Imaging Inc. (U.S.) among others.

 The report offers a comprehensive study of the 3D imaging market along with providing the market estimates, in terms of the revenue (USD billion) for the forecast period from 2015-2021. Additionally, the global market has been classified on the basis of end-use products, 3D image sensors, application and end-use industry. Cross sectional analysis of the 3D imaging market broadly across four geographical regions has also been included in the report.

Glass Door refrigerators Market is expected to soar during the forecast period.

According to a new market report published by Transparency Market Research entitled, “Glass Door Refrigerators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the global glass door refrigerators market was worth US$6.53 bn in 2014 and is expected to reach US$13.66 bn by 2023, expanding at a CAGR of 8.6% from 2015 to 2023. Asia Pacific was the largest market for glass door refrigerators in 2014. Growth in this region is expected to be driven by urbanization, changes in food consumption habits, a developed food and beverages industry, and retail infrastructure.

Glass door refrigerators are widely deployed in retail channels that demand an energy-efficient and cost-effective refrigeration system. This is because glass door refrigerators allow for the display of products that require cold storage to drive customer engagement and enhance sales and productivity. Glass door refrigerators are specially designed to display and store. These are commonly used by supermarkets/hypermarkets; grocery stores; hotels/restaurants; catering businesses; nonconventional outlets, such as gas stations; and kiosks/local grocers. The practice of using glass door refrigerators by the biomedical sector for the purpose of storing specimens or drugs is also picking up gradually. This is largely due to the development of advanced refrigerators with critical-temperature-control features.

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For many years, retail channels considered traditional refrigeration systems the only way to store products. With the technological advancements of glass door refrigerators providing more efficiency and functionality, industries are no longer restricted to the use of traditional refrigeration systems and are switching toward glass door refrigerators. The rapid expansion of the retail sector and emergence of new retail networks, along with changing government regulations, has provided necessary momentum for market growth. As a result, demand for both replacement product upgrades and new products are expected to fuel the growth of the glass door refrigerator market over the forecast period. With the proliferation of supermarkets, hotels, and cafes and changing food consumption trends, demand for glass door refrigerators is expected to soar during the forecast period.

On the basis of capacity, the global glass door refrigerator market is segmented into 0.5 – 3 ft3, 3.1 – 6.0 ft3, and 6.1 – 9.0 ft3. In 2014, among these, glass door refrigerator with capacity 3.1 – 6.0 ft3 were the most preferred refrigerators, and accounted for around 30% of the revenue of the overall glass door refrigerators market. Moreover, these refrigerators are expected to expand at a CAGR of 9.4% from 2015 to 2023. The most significant factor driving the market for glass door refrigerators with capacities of 3.1 – 6.0 ft3 is their high demand in hotels, bars, and restaurants due to their high efficiency and small size.

In terms of retail channels, the glass door refrigerators market is segmented into hypermarkets, supermarkets, convenience stores, restaurants, and others. In 2014, hypermarkets held the largest revenue share of around 33% of the overall glass door refrigerators market. Moreover, based on the volume of shipments, hypermarkets accounted for the maximum share of around 32% of the overall glass door refrigerator market in 2014. Glass door refrigerators deployed in hypermarkets are expected to grow at the fastest CAGR in terms of revenue as well as volume during the forecast period from 2015 to 2023.

Geographically, Asia Pacific is the largest market for glass door refrigerators, globally. In 2014, Asia Pacific accounted for around 41% of the overall glass door refrigerators market revenue share. Furthermore, Asia Pacific is expected to witness the fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for glass door refrigerators in this region. The global glass door refrigerators market, in the current situation shows the presence of key players including Hussmann International, Inc., Hoshizaki International, Carrier, Epta Refrigeration, Standex, Manitowoc Company, Inc., Dalian, Sanyo Cold-chain Co., Ltd, Dover Corporation, Beverage-Air Corporation, and Lennox International.

Dynamics of Passive Optical Network Equipment Market in India

With rising competition already a characteristic of the Indian networking market, network providers are looking at ways to provide the best speed and connectivity options to the Indian consumer. The telecom industry, the forerunner of most networking modules, has made a rapid switch from the traditional coaxial cable and digital subscriber line connections structure to more effective fiber optic connectivity methodologies. Fiber optics are considered to be the future of telecom and networking and methodologies such as Fiber-to-the-home (FTTH) or Fiber-to-the-premise (FTTP) are becoming the gold standard for networking these days.

Passive optical networks (PON), a variety of FTTH/FTTP networks, are gaining increased attention due to their many benefits in terms of installation and maintenance costs. The rising demand for passive optical networks in the country has led to a flourishing market for global passive optical network equipment market.

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What is leading to increased demand?

Indian markets in all the fields related to network connectivity have observed huge development in the past few years. Three reasons can be considered the most significant drivers of this growth:

The rising number of small and medium sized IT enterprises

Rising modernization of traditional IT infrastructure in every industry

Rising home internet connections in the country

India, the second most populous country in the world and a rapidly expanding economic force, has always remained one of the most extensive takers of new technologies across the globe. India’s telecommunications and networking industries are amongst the biggest around the globe. While the country’s commercial sector is amongst the first adopters of telecom and networking methodologies, the demand for internet connectivity is rapidly rising in the domestic sector as well.

It is estimated that there were more than 150 million users of the internet in the country and the number is expected to rise to 500 million in the next two years. As such, the market is expected to present huge growth opportunities for the global networking market. In the enterprise sector, too, the networking market is expected to observe strong demand and grow at an excellent pace.

Why Fiber Optics?

Fiber-to-the-home (FTTH) or Fiber-to-the-premise (FTTP) broadband connections, the fiber optic cable connections, have many benefits over traditional ones such as coaxial cable, twisted pair, or digital subscriber line connections. Not only do these connections provide far more carrying capacities and faster data transfer speeds, but they also lead to an overall reduction in maintenance and installation costs due to the longevity of fiber optic cables. However, it is due to the rising pressure for better connectivity that providers and users are looking at FTTH/FTTP connections as the potential solutions.

Of the two key types of FTTH/FTTP networks, passive optical network (the other one being active optical network), has observed increased popularity due to its benefits such as low total cost of ownership, high returns, advanced security, and simplified network applications. Owing to their nature of sharing fiber optic strands for larger parts of the network as compared to the need for a dedicated fiber per house or setting with an active optical network system, passive optical networks use less fiber optic cables and bring a big reduction in networking costs. Passive optical networks also have much lower maintenance costs owing to the fewer electric or moving parts in the network, making for a network where not a lot can go wrong.

Dynamics of Passive Optical Network (PON) Equipment Market in India

A report published by Transparency Market Research analyzing the Indian market for passive optical network equipment states that the market will observe tremendous growth in the near future. From a net value of US$268.6 million in 2013 to US$1,175.5 million by 2020, the market will grow an amazing 21% CAGR over the period. Volume-wise, the market is expected to grow at a 15.7% CAGR over the same term, leading to a demand rise from 7.1 million units in 2013 to 38.3 million units by 2020.

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About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

In-flight Autopilot Systems Market - Global Industry Forecast 2015 – 2021

According to a new market report published by Transparency Market Research “In-flight Autopilot Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021” the in-flight autopilot systems market was valued at US$6.1 bn in 2014 and is estimated to grow at a CAGR of 4.60% and reach US$8.4 bn by 2021.

An autopilot system is composed of set of devices which is used to guide and control an aircraft without any direct assistance from the pilot. Earlier, the application of autopilot systems was only limited to maintaining a constant heading and altitude but nowadays autopilot systems are able to control every function of the flight from take-off to landing. Increasing focus towards improving the operational efficiency of the aircrafts is one of the primary factors responsible for the growth of the in-flight autopilot systems market. The use of autopilot systems in the aircrafts helps to lower the fuel consumption and improve navigation accuracy. In addition, the demand for in-flight autopilot systems market is expected to be high considering the fact that it enhances the safety of the flight. Moreover, growing need for automation of the aircrafts is also contributing to the growth of the in-flight autopilot systems market. These factors in overall are expected to positively impact the growth of in-flight autopilot systems market during the forecast period from 2015 to 2021.

By system type, in-flight autopilot systems market is categorized into five segments; flight director system, attitude and heading reference system, avionics system, flight control system and others. The flight director system was the largest segment in terms of revenue in 2014.

By aircraft type, the market is categorized into two types; rotary wing aircrafts and fixed wing aircrafts. The fixed wing aircrafts category held majority of the market. The demand for in-flight autopilot systems is expected to be high in the fixed wing aircrafts segment due to its increasing applications for enhancing the operational efficiency and improving the safety parameters of the flights.

By applications, the market is divided into three segments namely: commercial aircraft, military aircraft and civilian aircraft. In terms of revenue, the commercial aircraft was the largest segment accounting for a share of more than 60% in 2014. Increasing number of air passengers has positively impacted the demand for in-flight autopilot systems used in the commercial aircrafts. In addition, the demand for in-flight autopilot systems in the commercial aircrafts segment is further augmented by the increasing focus of the airline companies to automate the flights. These factors are expected to positively impact the market in the coming years.

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Based on geography, the global in-flight autopilot systems market has been segmented into four regions; North America, Europe, Asia Pacific and Rest of the World. North America held a share of more than 46% and was the largest segment in terms of revenue in 2014. The increasing need for accuracy in the navigation system is an important factor which has resulted in increased demand for in-flight autopilot systems in North America. In 2014, Europe held the second largest market and accounted for a share more than 35% globally.

Some of the major players in the market are Rockwell Collins, Inc. (U.S.), Airware, Inc. (U.S.), Garmin Ltd. (Switzerland), Lockheed Martin Corporation (U.S.), Honeywell International Inc. (U.S.), L-3 Communication Holding Inc., (U.S.), BAE Systems, Plc (U.S.), Cloud Cap Technology Inc (U.S.), MicroPilot Inc., (Canada) and Genesys Aerosystems Group, Inc., (U.S.) among others.

This report offers a comprehensive analysis of the global in-flight autopilot systems market along with the market values, in terms of revenue (USD million) for the forecast period from 2015-2021. In addition, the global market has been bifurcated on the basis of types and applications. The cross sectional analysis of in-flight autopilot systems market across four geographical regions has also been covered under the purview of the report.

Driven by Large-scale Application, Global GaN Industrial Devices Market will Increase at 15.10% CAGR 2015-2021

The GaN industrial devices market is fueled by the growing number of application areas for GaN-based devices, introduction of advanced technology, increasing demand for enhanced battlefield performance from the defense industry, and large-scale production. A report by Transparency Market Research indicates that driven by these factors, the global market for GaN industrial devices is projected to rise from a value of over US$0.4 bn in 2014 to US$1.3 bn in 2021 at a 15.10% CAGR. The report is titled “GaN Industrial Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021” and also states that by volume, the GaN industrial devices market is anticipated to register a 17.50% CAGR from 2015 to 2021.

On the basis of type, the GaN industrial devices market is bifurcated into power devices and opto electronics. The latter was the dominant product segment in 2014 and made up 78.0% of the GaN industrial devices market.The sub-segment of high electron mobility transistors (HEMTs) is segmented on the basis of application into wireless phone infrastructure: base stations (BTS), WiMAX/LTE, V-SAT, CATV, defense, satellite, and others. In terms of revenue, the segment of wireless phone infrastructure, BTS held the largest share of 26.0% in 2014 and is driven by the rising number of base transceiver station installations.

By application, the market for GaN industrial devices is categorized into light-emitting diodes (LED), radiofrequency (RF), and power device. The LED segment emerged as the leader in the overall market by both volume and value. In 2014, the LED segment accounted for 82.50% of the market in terms of volume and 68.0% in terms of value. This category is driven by the wide-scale usage of GaN-based LED devices in vehicle lamps, traffic signal lamps, and liquid crystal display among others.

The global market for GaN industrial devices is segmented on the basis of geography into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Driven by increasing demand for LEDs in laptops, computers, gaming devices, mobile tablets, and televisions, and high penetration of GaN-based transistors in defense and military applications, North America dominated the global GaN industrial devices market. In 2014, the region held 31.10% of the overall market. Accounting for 28.90% of the global GaN industrial devices market, Europe emerged as the second largest regional segment.

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Stainless Steel Control Valves (less than 2 inches) Market to be Worth US$371.6 mn by 2023

According to a new market report published by Transparency Market Research “Stainless Steel Control Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” the stainless steel control valves market was valued at US$240.0 mn in 2014 and is estimated to grow at a CAGR of 5% and reach US$371.6 mn by 2023.

Control valve can be defined as a device that manipulates the flow of fluids, such as steam, water, gas or chemical compounds. Stainless steel control valves (less than 2 inches) are finding increasing applications as small scale fluid handling technology across industrial sectors such as power generation and oil & gas among others. Also the growing requirement for industrial process control across different industry verticals is also driving the growth of the stainless steel control valves (less than 2 inches) market.

Moreover, stainless steel control valves (less than 2 inches) are increasingly being deployed in chemical industries in APAC and wastewater management projects globally, which are further fuelling the growth of the market. The demand for stainless steel control valves (less than 2 inches) is also expected to remain high in the semiconductor and electronics manufacturing and pharmaceutical industries. In semiconductor & electronics manufacturing and pharmaceutical industries, stainless steel control valves (less than 2 inches) found large numbers of high purity applications. Furthermore, steady growth of other industry verticals, such as pulp & paper, automotives and food & beverages among others, are also set to bolster the growth of the stainless steel control valves (less than 2 inches) market. Considering all the factors mentioned above, the stainless steel control valves (less than 2 inches) market is expected to grow steadily during the forecast period from 2015 to 2023.

Based on actuation technology, the global market can be segmented into four segments, namely manual, pneumatic, hydraulic and electric. Electric control valves garnered the maximum revenue in 2014. The extensive application of electric control valves across various industry verticals including the chemicals, oil & gas and wastewater management among others is fuelling the growth of this segment.

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By types, the global stainless steel control valves (less than 2 inches) market can be segmented into five segments namely ball valve, butterfly valve, cryogenic valve, globe valve and others. Stainless steel butterfly control valves (less than 2 inches) was the largest segment in 2014 owing to their extensive applications across industry sectors including chemicals, oil and gas and wastewater management among others.

By end-use industry, the market has been divided into six segments, namely: power generation, oil & gas, chemical industry, semiconductor & electronics manufacturing, wastewater management, and others. The power generation industry was the largest individual contributor in the stainless steel control valves (less than 2 inches) market in 2014 owing to their increasing applications in the power generation sector. Moreover, increase in demand for power and investments in the industrial infrastructure projects in emerging economies such as China, India and Brazil has also positively impacted the growth of stainless steel control valves (less than 2 inches) market. Economic development and industrialization in these countries has also resulted in additional power requirements. These factors are expected to positively impact the growth of this segment in the coming years.

By geography, the global stainless steel control valves (less than 2 inches) market can be segmented into four regions; North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). In 2014, APAC occupied the largest share of the market, accounting for more than 40%. The demand for stainless steel control valves (less than 2 inches) is expected to remain high in APAC owing to the growth of small scale control valves applications across various industry verticals. North America acquired the second largest share in the market globally with more than 23% share in 2014.

Some major players in the market are: Emerson Electric, Co. (U.S.), Flowserve Corporation (U.S.), IMI Plc (U.K.), Metso Corporation (Finland), Pentair, Plc (U.K.), General Electric, Co. (U.S.), MIL Controls Limited (India), Samson AG (Germany), SVF Flow Controls, Inc (U.S.), Crane & Co. (U.S.), Velan Inc. (Canada), Armstrong International, Inc.(U.S.), Kimray Inc. (U.S.), Christian Burkert GmbH & Co. KG (Germany), Swagelok Co. (U.S.), Cameron International Corporation (U.S.), CIRCOR International, Inc. (U.S.) and Richards Industries, Inc. (U.S.) among others.

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Stainless Steel Control Valves Market to be Worth US$371.6 mn by 2023

According to a new market report published by Transparency Market Research “Stainless Steel Control Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” the stainless steel control valves market was valued at US$240.0 mn in 2014 and is estimated to grow at a CAGR of 5% and reach US$371.6 mn by 2023.

Control valve can be defined as a device that manipulates the flow of fluids, such as steam, water, gas or chemical compounds. Stainless steel control valves (less than 2 inches) are finding increasing applications as small scale fluid handling technology across industrial sectors such as power generation and oil & gas among others. Also the growing requirement for industrial process control across different industry verticals is also driving the growth of the stainless steel control valves (less than 2 inches) market.

Moreover, stainless steel control valves (less than 2 inches) are increasingly being deployed in chemical industries in APAC and wastewater management projects globally, which are further fuelling the growth of the market. The demand for stainless steel control valves (less than 2 inches) is also expected to remain high in the semiconductor and electronics manufacturing and pharmaceutical industries. In semiconductor & electronics manufacturing and pharmaceutical industries, stainless steel control valves (less than 2 inches) found large numbers of high purity applications. Furthermore, steady growth of other industry verticals, such as pulp & paper, automotives and food & beverages among others, are also set to bolster the growth of the stainless steel control valves (less than 2 inches) market. Considering all the factors mentioned above, the stainless steel control valves (less than 2 inches) market is expected to grow steadily during the forecast period from 2015 to 2023.

Based on actuation technology, the global market can be segmented into four segments, namely manual, pneumatic, hydraulic and electric. Electric control valves garnered the maximum revenue in 2014. The extensive application of electric control valves across various industry verticals including the chemicals, oil & gas and wastewater management among others is fuelling the growth of this segment.

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By types, the global stainless steel control valves (less than 2 inches) market can be segmented into five segments namely ball valve, butterfly valve, cryogenic valve, globe valve and others. Stainless steel butterfly control valves (less than 2 inches) was the largest segment in 2014 owing to their extensive applications across industry sectors including chemicals, oil and gas and wastewater management among others.

By end-use industry, the market has been divided into six segments, namely: power generation, oil & gas, chemical industry, semiconductor & electronics manufacturing, wastewater management, and others. The power generation industry was the largest individual contributor in the stainless steel control valves (less than 2 inches) market in 2014 owing to their increasing applications in the power generation sector. Moreover, increase in demand for power and investments in the industrial infrastructure projects in emerging economies such as China, India and Brazil has also positively impacted the growth of stainless steel control valves (less than 2 inches) market. Economic development and industrialization in these countries has also resulted in additional power requirements. These factors are expected to positively impact the growth of this segment in the coming years.

By geography, the global stainless steel control valves (less than 2 inches) market can be segmented into four regions; North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). In 2014, APAC occupied the largest share of the market, accounting for more than 40%. The demand for stainless steel control valves (less than 2 inches) is expected to remain high in APAC owing to the growth of small scale control valves applications across various industry verticals. North America acquired the second largest share in the market globally with more than 23% share in 2014.

Some major players in the market are: Emerson Electric, Co. (U.S.), Flowserve Corporation (U.S.), IMI Plc (U.K.), Metso Corporation (Finland), Pentair, Plc (U.K.), General Electric, Co. (U.S.), MIL Controls Limited (India), Samson AG (Germany), SVF Flow Controls, Inc (U.S.), Crane & Co. (U.S.), Velan Inc. (Canada), Armstrong International, Inc.(U.S.), Kimray Inc. (U.S.), Christian Burkert GmbH & Co. KG (Germany), Swagelok Co. (U.S.), Cameron International Corporation (U.S.), CIRCOR International, Inc. (U.S.) and Richards Industries, Inc. (U.S.) among others.

Rising Threat to Security Continues to Drive Global Electronic Access Control Systems Market

The global electronic access control (EAC) systems market is an important part of the global security systems industry. The market serves government bodies, financial institutions, educational institutions, residential buildings, commercial premises, and a number of other end users, helping tackle security breaches such as illegal immigration, criminal activities, and fraudulence. EAC systems refer to the technologically advanced locking mechanisms that utilize electronic or electromechanical hardware, a reader, and a form of controller to replace the need for physical locks and keys.

Multiple Issues with Physical Locks and Many Benefits with their Electronic Variants

There are many problems that physical lock and keys face. The fact that small items such as physical keys are easy to copy and changing a lock is the only option in case of a lost key, and a premise guarded by a physical lock cannot be remotely accessed, works in favor of electronic access control systems. Not only are electronic keys quite difficult to duplicate, one also need not change an electronic lock when an electronic key is lost, since the key’s record from the database can be immediately removed and replaced with a new one.

Places where frequent personal traffic is observed, such as schools, colleges, or office entrances, locking and unlocking could become a time consuming task. Many more such benefits are afforded by electronic access control systems and the added security features, such as entry and exit logs, alarms for intrusion attempts, etc., make the concept highly effective.

A Market that Survived the Blow of Global Recession

The global market for such systems is flourishing. Though the market was not entirely impervious to the economic slowdown of 2008-2009, it remained fairly resilient to the harsh market conditions of this period. A research report published by Transparency Market Research states that the market had a net worth of US$10.1 billion in 2009 and had risen to US$15.4 billion by 2013.

The market is expected to grow at a CAGR of 12.6% between 2013 and 2019, allowing it to rise to US$31.2 billion by 2019. Post-recession, the authentication system market segment observed growth at a 13.1% CAGR during 2009-2013. During this period, the commercial sector emerged as the fastest growing end-use segment for EAC systems market, as it observed growth at a 13.9% CAGR. The report states that the EAC system market in Asia Pacific will record growth at the highest pace, a 16.7% CAGR between 2013 and 2019.

Market Dynamics and Key Players

The global market for electronic access control systems is highly fragmented. It features a number of businesses operating at regional or global levels. Some companies include all the three most popular variants of electronic access control systems, i.e. authentication systems, perimeter security system, and intruder alarm systems in their portfolios, while some businesses have their offerings dedicated to one or two specialties.

Companies such as Tyco International Ltd., Cisco Systems, Inc., United Technologies Corporation, and Godrej Industries Limited provide EAC systems spanning all the three categories. Global companies such as Safran SA, 3M Cogent, Inc., Panasonic Corporation, Honeywell International Inc., Hitachi Ltd., Siemens AG, and Magal Security Systems Ltd. are well known for their specialized operations in one or two EAC verticals. Regional businesses such as DigitalPersona, Inc., and Everspring Industry Co., Ltd. are also well known for their considerable business share in their respective regional markets.

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About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Biophotonics Market: Non-Medical Applications to Propel Demand at 10.4% CAGR during 2014-2020

Transparency Market Research has released a recent report on the global biophotonics market. The report, titled “Biophotonics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, projects the market to grow consistently at a CAGR of 10.4% during the period between 2014 and 2020. The global biophotonics market was worth US$25.16 billion in 2013 and with the positive growth expected in the forecast period, the market is expected to reach a valuation of US$50.20 billion by 2020. Biophotonics involves development and application of various optical techniques to study molecules, cells, and tissues. Demand for quality healthcare from the growing geriatric population worldwide is expected to fuel the growth of the global biophotonics market during the forecast period.

Advances in optical technologies in telecom and aerospace industries coupled with availability of government and private funds for research and development will help the market grow in the coming years. However, high price of biophotonics-based instruments and complexity of biophotonics technology is expected to negatively impact the overall market. Increasing demand for biophotonics in non-medical applications will open new avenues for the global biophotonics market during the forecast horizon.Medical diagnostics, medical therapeutics, tests and components, and non-medical applications are the major end-use segments of the global biophotonics market. In 2013, medical diagnostics was the dominant segment of the market. However, during the period between 2014 and 2020, implementation of biophotonics in non-medical applications such as prevention of unauthorized critical data access and pathogen detection in agricultural food products is expected to gain a majority share in the market.

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In terms of application, the global biophotonics market has been segmented into surface imaging, light therapy, inside imaging, biosensors, spectro molecular market, microscopy, see-through imaging, and other analytics sensing. In 2013, the see-through imaging segment accounted for a majority share in the overall market, owing to the increasing demand for advanced noninvasive surgical procedures in various medical fields such as brain imaging, neurology, cardiology, and oncology.The global biophotonics market has been divided into four key regions: Asia pacific, North America, Europe, and Rest of the World. North America held the largest share in the market in 2013. Due to the increased investment in research and development activities along with rising prevalence of cancer, the biophotonics market in the region is expected to grow substantially during the forecast period. The market in Asia Pacific was worth US$4.23 billion in 2013. Rising geriatric population and increasing healthcare expenditure is expected to boost the growth of the biophotonics market in Asia Pacific during the forecast horizon.

Some of the key players in the global biophotonics market are Becton Dickinson & Co., PerkinElmer Inc., Olympus Corporation, Hamamatsu Photonics K.K., Oxford Instruments Plc, Carl Zeiss A.G., and Affymetrix Inc. The key players are involved in introducing biophotonics across various non-medical applications.

Insatiable Demand for Internet Bandwith to Drive Global Passive Optical Components Market at 21.1%CAGR Through 2020

Transparency Market Research (TMR), a U.S. based market research and analysis firm recently published a market study on the global passive optical components market. According to the research report titled “Passive Optical Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, the global passive optical components market will expand at a remarkable 21.1% CAGR from 2014 to 2020.

If the figure holds true, the overall valuation of the market will be US$38.19 billion in 2020 increasing from US$10.01 billion in 2013.The TMR study states that the escalating demand for broadband bandwidth across the Asia Pacific and Rest of the World (RoW)together with the expansion of Passive Optical Networks (PON) in Asia Pacific are the major factors propelling the global passive optical components market.

Additionally, amplified investments in research infrastructure and technological advancement and the increasing fiber optic deployment across Asia Pacific and RoW is bolstering the demand for passive optical components. Passive components constitute the foundation of optical network systems and find widespread usage in FTTH, fiber in the loop (FITL), synchronous optical network (SONET), synchronous digital hierarchy (SDH), hybrid fiber-coaxial cable (HFC), loop feeder, and interoffice applications. Additionally, demand for energy efficient networks that employs passive optical components is gaining popularity thus significantly contributing to the growth of the market, as noted in the TMR study.

According to the research report findings, the multiplexers/de-multiplexers wavelength division dominated the components segment of the market in 2013. The segment was trailed by patch cords and pigtails in 2013. Being largely driven by the emergence of ultra-high-capacity optical networks, this segment accounted for 12.73% of the market in the same year.Owing to the unfathomably rising demand for internet communication bandwidth and development in fiberoptic technologies at an unparalleled pace, the optical amplifiers and optical attenuators segment is projected to grow at 22.0% and 21.8% CAGR respectively.

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SONET and SDH application segments have the ability to transfer multiple digital bit data streams across optical fiber employing lasers or light-emitting diodes. Owing to the benefits SONET and SDH application segments offer, the segments collectively accounted for the largest market share in 2013. SONET equipment find high deployment in North America whereas SDH equipment has acceptance in other parts of the world. According to the report, the SONET and SDH applications segments will grow at 22.8% and 22.7% CAGR respectively and will continue to lead the market between 2014 and 2020.

Geographically, Asia Pacific and Rest of the World is expected to continue its dominance in the global passive optical components market, followed by North America and Europe. Rapid economic growth witnessed by Asia Pacific and Rest of the World which led to increased investments in communication infrastructure, rise in the development of networking technologies and deployment of newer fiber optic systems will contribute significantly to the growth of the passive optical components market in the major economies located in this regions.