Automotive Wheelchair Lifts

Commercial Building Wheelchair Lifts to Grow at a CAGR of 8 % During 2017-2023

The increasing focus on wheelchair-assisted mobility worldwide is augmenting the demand for building wheelchair lifts in private homes and commercial buildings. Building wheelchair lifts are categorized into two broader segments that include residential and commercial lifts. Residential lifts are designed for homes for indoor and outdoor use to assist persons with disabilities in accessing an area or activity. Whereas, commercial lifts are primarily used between floor levels, for easy access to stages or concert pits and at the entrance/exit of public buildings.

Residential Building Wheelchair Lifts To Dominate the Global Market

Residential wheelchair lifts are known as platform lifts and are either powered by hydraulic or electrical energy that offers easy access to persons with disabilities to negotiate around the architectural hurdles in the location.

Residential building wheelchair lifts market to generate revenues of around $690 million by 2023.

The growing geriatric population across the world and the rise in solutions for sophistication in lifestyles are two major factors propelling the growth of the residential sector in the building wheelchair lifts market. North America dominates the residential sector followed by Europe. The most widely available designs on the market are:

  • Enclosed Model: This model is a practical outdoor platform lift in which the wheelchair and its rider stay on the top of a platform that is enclosed with walls as the lift elevates up or down.
  • Shaftway Model: This model fits in between existing walls just like a normal elevator.
  • Stage Model: This design contains a sole platform for the wheelchair to stand on, typically used for short heights such as a stage or onto a vehicle.
  • Opal Model: The construction of this opal wheelchair lift is like the enclosed model but with an open ceiling.

Commercial Building Wheelchair Lifts to Gain Traction by 2023

Commercial wheelchair lifts are employed by businesses or commercial establishments for hassle-free mobility assistance to elderly or differently abled individuals in and out of public buildings. New commercial spaces are installing vertical wheelchair lifts rather than space-consuming ramps to offer ease of access. Leading manufacturers are developing innovative solutions for making wheelchair lifts more convenient and consumer-friendly to attract more consumers. The companies are offering products in terms of size, robustness, lifting capabilities, and power-intake capacity are fueling the adoption of the commercial building wheelchair lifts in the global market. Commercial building lift is extensively used in schools, hospitals, auditoriums and the installation are dictated by the location as safety and accessibility factors play an important role. The commercial building wheelchair lifts market is expected to grow at a CAGR of approximately 9% during the forecast period.

Commercial wheelchair lifts are equipped with the emergency stop button and additional safety features for users such as non-skid desk and a folding toe plate, which acts as a ramp for easy entry and exit and flips up while in motion to secure the wheelchair lift. They are equipped to operate under any climatic conditions and provide easy maintenance. The two categories of commercial building wheelchair lifts are:

  • VPLs: These wheelchair lifts are used to raise or lower the person with disabilities in a vertical manner to access into or within commercial places or public buildings.
  • IPLs: These wheelchair lifts are designed to carry the person with disabilities up and down on a straight or curved stairway in commercial spaces.

The leading vendors in the market are BraunAbility, Bruno Independent Living Aids, Cibes Lift Group, Garaventa, Harmar, Ricon, Savaria, and ThyssenKrupp.


Automotive Keyless Entry System Market Report & Analysis

Aptiv, Continental, Hella, Valeo, and ZF TRW To Dominate Automotive Keyless Entry System Market by 2023

Exponential demand for advanced features in connected vehicles such as telematics, keyless entry systems, digital clusters, and high-end infotainment systems will transform the automotive keyless entry system market. The adoption advanced automotive electronics solutions will create lucrative opportunities for leading vendors in the industry. The focus on automotive safety systems such as anti-theft alarms, GPS tracking devices, keyless entry system, and central-locking systems will propel the adoption of automotive keyless entry system in the global market. The automotive keyless entry system market is projected to grow at CAGR of more than 7% by 2018-2023.

The leading five vendors to occupy the largest automotive keyless entry system market share are:

1.    Aptiv

APtiv is the leading provider of on-glass products including keyless entry, tire pressure monitoring, power terminals, antenna assemblies, and other custom connector assemblies for automotive electronics. The company is focusing on optimizing the manufacturing output and capitalizing on the growth opportunities in the fast-growing automotive markets, especially in China and India. The development of electric and hybrid automobiles by Aptiv will propel the growth of the automotive keyless entry system market.

Key news: Aptiv is developing innovative products through collaboration with customers in its 14 major technical centers worldwide. The company believes in collaborative development, hence, works closely with OEMs in developing new products in the automotive keyless entry system market.

2.    Continental

Continental offers a varied range of vehicle access control components such as start/stop systems, immobilizers, remote and passive keyless entry systems, and bi-directional keys. The company is focusing on exploring means to integrate other vehicle functions such as tire pressure monitoring systems, and infotainment systems with vehicle access control components in the automotive keyless entry system market. Continental is developing technology to help the cars communicate with each other and steer its way through the traffic with the help of new generation of intelligent networked systems.

Key news: Continental recently, partnered with IBM to develop autonomous driving systems for cars. The company aims to make use of IBM’s experience in cloud-based platforms and embedded systems development along with its system expertise in automotive electronics in the automotive keyless entry system market.

3.    Hella

Hella operates majorly via three business units, among which automotive business unit is divided into automotive lighting and automotive electronics divisions. The automotive division offers keyless entry system under its body control product line. Apart from the OEM market, the company offers aftermarket services in the global automotive keyless entry system market. The company also offers work lights, front lights, headlights, taillights, beacons, and interior lights with halogen, xenon, and LED technology for the lighting system in the global automotive keyless entry system market.

Key news: In FY2016-2017, Hella generated revenue worth around $8 billion. The business activities of the Hella are divided into four segments such as automotive lighting, automotive electronics, aftermarket, and special applications.

4.    Valeo

Valeo is active in automotive electronics and one of the key products in this segment include its range of keyless entry systems which is a part of its interior electronics business division. The company offers both remote and advanced passive keyless entry systems with emphasis on connectivity and IoT. The company introduced InBlue brand which offers latest products in the automotive keyless entry system market and is expecting to be ahead of the curve in combining connectivity, IoT, and keyless entry systems into a single solution.

Key news: Valeo entered into a joint venture with Siemens in 2016 to form a new venture named Valeo Siemens eAutomotive, dedicated to high voltage powertrains. The company will focus on strong growing automotive electrification in the automotive keyless entry system market.

5.    ZF TRW Automotive

ZF TRW has a strong product portfolio in the automotive keyless entry system market for OEMs and the aftermarket. The company’s RKE system consists of a key fob, an ECU, and an in-key transmitter. The company integrated its traditional RKE system with a tire pressure monitoring function. It claims this system to have reduced the space required and reduced system weight and wiring complexity which in return has reduced the material and assembly cost, making it one of the most competitively priced in the market.

Key news: ZF TRW has a strong presence in the North American market supplying its keyless entry solutions to the major US-based OEMs such as GM, RAM Trucks, and Kenworth, among others. Its future strategy is to increase its presence in growing automotive keyless entry system market such as Asia.

Other prominent players in the market are Advanced Keys, Alps Electric, Bosch, Calsonic Kansei, Denso, Directed Electronics, Hyundai Mobis, Lear Corporation, Marquardt, Microchip Corporation (Atmel), Mitsubishi Electric, OMRON Automotive Electronics, Panasonic, Tokai Rika, and Voxx International.


Point of Sale Market Analysis and POS terminals growth forecast

Ingenico, Fujian, PAX, and Verifone to Dominate the Global POS Market by 2023

Consumer spending on consumer goods, restaurants, and entertainment industry will propel the growth of the global POS market. The diverse range of products offered by leading merchants in the global industry will boost the implementation of point of sales payment terminals in the global market. Booming retail industry in countries such as India, China, and the US will fuel the adoption of POS systems across the world market. The introduction of innovative mPOS terminals with advanced features will fuel the market and create new avenues of leading vendors over the next few years. The global point of sales market is expected to grow at a CARG of approximately 12% by 2018-2023.

Key players attributing to the growth of point of sales market are:

1.    Ingenico Group

Ingenico operates in the global market through its three brands that include Ingenico Smart Terminals, Ingenico Payment Services, and Ingenico ePayments. The company is a global leader in the POS terminal market, and it offers a wide array of smart terminals and payment solutions. Ingenico has the world’s largest in-store acceptance network and offers a smart point of sales terminals equipped with advanced technologies along with latest security requirements, and its terminals are paired with a comprehensive range of management services. The smart terminals provided by the company are used across various vertical markets such as hospitality, retail, BFSI, vending, petroleum, and transportation.

Key products offered by Ingenico: Desktop terminals, Portable terminals, Retail terminals, Integrated point of sales, Mobility for SMB, Unattended terminals, Biometric terminals, and Healthcare / e-ID terminals.

2.    Fujian Newland Payment Technology

Fujian is among the three leading players in the global market, and it offers a wide array of professional financial point of sales, mPOS, and intelligent multimedia systems. The systems by the company are used across various areas such as finance, insurance, telecommunication, logistics, electricity, taxation, and petroleum. Fujian has strong R&D capabilities to develop and introduce innovative products in the market and a long-standing relationship with its distributors nationwide with a recognized commercial market presence. The company is also focusing on increased M&A opportunities to expand into new markets from across the globe.

Key products offered by Fujian: Mobile (SP600 and SP60), Countertop (SP50), iPOS/mPOS (iPOSME11 and mPOS ME30s), Multimedia (N900 and N910), and PIN Pads (SP33).

3.    PAX Global Technology

PAX is among the global leaders in the point of sales terminal market. E-payment terminals offered by the company comprises traditional systems including countertops, PIN Pads, and Multilane, and mPOS solutions. The company is China’s second largest point of sales terminal supplier after Fujian Newland. The company is focusing on the expansion of sales networks and optimization of sales along with after-sales service network. It will also enlarge the scope of business and market share in major international markets during the forecast period. PAX is expected to seek potential M&A or partnership opportunities along payment value chain to enhance technological know-how or market share. Additionally, the company has vast opportunities to expand its presence in APAC and Europe.

Key products offered by PAX: Countertop and Wireless E-payment Terminals (Q80, S920, S910, S900, S800, S500, S90, S80, S78, S60, S58), Pin Pad Devices (S300, PX5, PX7, SP20 V4, SP30), Multilane Series (PX5, PX7, D800), and Mobile e-payment solutions (D220, D210, D200, D180).

4.    Verifone Systems

Verifone is among the global leaders in offering payment and commerce solutions at point-of-sale and has been offering payment solutions for the last 30 years. The company is known for designing, manufacturing, marketing, and supplying a broad array of innovative payment solutions and complementary services to its customers. The company also delivers point of sales electronic payment devices designed to suit the client’s requirements in a variety of environments such as traditional multilane and countertop implementations, in-vehicle and portable deployments, self-service and unattended environments, mPOS solutions, and fully integrated iPOS solutions.

Key products offered by Verifone: Integrated point of sales (Carbon 10 and Carbon 8), mPOS (e355 and e265), Countertops (VX 520, VX 820 duet, and V200c), PIN pads (VX 820, P200, and P400), and Multilane (MX915, M400, and MX 925), Portables & Transportables (VX 690, V400m, VX 680), and Unattended (UX 410, UX 100/101, UX 300/301, and UX 400/401).

The other prominent players in the global point of sales market are BBPOS, Bitel, Castles Technology, Centerm, Dspread Technology, Hangzhou Sunyard, Nexgo (Shenzhen Xinguodu Technology), New POS Technology, Spire Payments, and SZZT Electronics.


Augmented Reality & Virtual Reality in Healthcare

Innovations to Drive Demand for Augmented Reality Products in Healthcare by 2023

The use of technology in medicine and healthcare is a combination of technological development and data boom. The data has been there for years with doctors, and paper format has been changed to electronic health records (EHR). AR technology has brought the solution for seamless information flow and accessibility to information at any point of time. Such benefits of using this technology will propel the demand in the augmented reality market in healthcare. The AR screens used in the healthcare industry will not only provide information about the patient’s medical status but also the performance of vital organs. The augmented reality market in healthcare is expected to reach revenues of more than $1.5 billion by 2023, growing at a CAGR of approximately 30% during 2018-2023.

Augmented Reality assisted Surgery

Augmented reality market in healthcare helps to perform complex surgeries without any geographical barriers and presence of experts at the operation table. AR has connected all the gaps and provided a seamless and smooth functioning of surgical procedures. Companies are developing innovative software that helps doctors to perform such surgeries. The surgeon in an operation theater can stream the video of the patient from any connected device such as smartphones and tablets to a subject matter expert in any part of the world. While in real time, the expert can guide the surgeon during the operations of the proceedings. The introduction of applications that offer surgery simulations with the help of AR will revolutionize the augmented reality market in healthcare.

AR assisted Rehabilitation

AR helps in neuro-rehabilitation and makes the treatment more accessible and effective for patients suffering from strokes, phantom limb pains, and other forms of chronic limb pains. Rehabilitation is one of the major therapies for the patients with neurological disorders and the rise of neurological disorders and long-term disability in the aging population. Such rehabilitation services offer easy access to patients and are provided majorly at medical institutes with the help of development in the augmented reality market in healthcare. AR helps by providing real-time feedback using multiple projection surfaces to provide active visualizations without the therapist. Such efforts will revolutionize the healthcare industry. The leading companies in the augmented reality market in healthcare are developing effective solutions that provide patients effective rehabilitation that is supported by three major concepts such as repetition, feedback, and motivation.

AR assisted Training and Medical Education

Vendors in the augmented reality market in healthcare are developing solutions used in training and educating students and medical professionals. With the help of AR technology, students can stream live operations performed by experts in another city, country, or the continent. The advanced AR technology developed companies in the global market are used by experts that can augment back the live pictures with notes, textbook references, and diagrams. AR is helping medical students and young practitioners in gaining in-depth knowledge and practical experience rather than watching in the operation theater. AR will provide complete know-how of the process with relevant information in the form of references, guidelines, and notes in real time. These benefits of using AR technology will drive the growth of augmented reality market in healthcare.

The leading vendors in the augmented reality market in healthcare are Orca Health, Brain Power LLC, Medsight Tech, Accuvein, EchoPixel Inc, Augmedix, Atheer Inc, Aira, Proximie, and Kinosis Ltd.

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Augmented Reality & Virtual Reality in Healthcare

Virtual Reality in Healthcare to Revolutionize the Medical Industry by 2023

The introduction of VR in healthcare industry is resulting in the evolution of the augmented reality and Virtual reality market during the forecast period. Virtual Reality in healthcare industry is expected to generate revenues of over $1.4 billion by 2023, growing at a CAGR of more than 33% during 2018-2023. VR in the healthcare sector is shaping the future by helping in surgery, education, and training. This technology helps in creating various simulation environments for the training of medical students and young medical practitioners. The leading manufacturers are leveraging VR to develop medical instructional software for difficult procedures such as cardiopulmonary resuscitation (CPR), nasal gastric tube insertion, Foley catheter insertion, intubation, starting an IV, wound care, and the Heimlich maneuver. This technology can provide real-time feedback to doctors and minimize the risk of practicing on real patients that carry the risk of major consequences such as the perforation of organs, and potential malpractice and other lawsuits.

Applications of Virtual Reality in healthcare industry are discussed below:

Virtual Reality Assisted Simulation

Hospitals are building VR simulations where the staff, nurses, medical students, and doctors are put into the rare and difficult situation, where the spilt-second decisions will determine whether the patient lives or dies. Such simulations of Virtual Reality in healthcare industry will help them with real-life situations they face in the future. AiSolve and Bioflight VR have made virtual environment based on the real case scenarios of Children’s Hospital Los Angeles (CHLA). This simulation-based training not only prepares them for the worst but also saves time and cost related to mannequin-based training. Additionally, simulation by Virtual Reality in healthcare industry is also used to train the radiotherapist, who uses radiation to treat patients having tumors or cancers.

Virtual Reality Assisted Diagnostics

Virtual Reality in healthcare industry is a powerful diagnostic tool, and it helps physicians and doctors to perform accurate diagnosis with no errors. VR is useful in the diagnosis of various diseases such as mental conditions Virtual-reality-test-could-pre, such as Alzheimer’s disease, schizophrenia, and traumatic brain injury to eye conditions such as glaucoma. VR provides an inexpensive and easy diagnosis of crucial diseases; it helps in creating a simulation environment, where doctors can perform operations and see the success rate before operating on the patient. Virtual Reality in healthcare industry provides real-time, anatomically précised VR simulations for visualizing medical diagnoses, illustrating the impact of procedures and treatments, and create more well-rounded decision-making.

Virtual Reality Assisted Rehabilitation

Virtual reality in healthcare industry is resulting in the emergence of devices such as Nintendo Wii, Sony PlayStation, and Microsoft’s Kinect is revolutionizing the global market. HMDs are engaging and self-motivating, which increases the confidence level of the patient to use VR HMDs out of hospitals. This boosts their confidence level, and they even use them for a longer period and on a regular basis, which helps in getting better sooner. CAREN (Computer Assisted Rehabilitation Environment) by Motek Medical, SeeMe, GestureTek’s Interactive Rehabilitation and Exercise System (IREX), MindMaze, and MindMotionPro are some of leading providers of rehabilitation systems propelling the growth of VR in healthcare industry.

Virtual Reality Assisted Pain Distraction

VR in healthcare industry is useful in reducing the pain or distracting the patients suffered from acute burn injuries in both adults and children. It also helps in treating phantom limb’s pain by using VR where doctors create a relaxing virtual environment so that the patient forgets about the pain. These games are used to help the patient to escape and manage its pain without any drugs. As the patient is completely engaged in the virtual environment, the nerves in the brain that sense stress and pain become less active and focus on pain, the brain is more indulged in coping, cognition, and resilience. Such development is assisted by the use of VR in healthcare industry.

VR Assisted Virtual Reality Expose Therapy (VRET)

Virtual reality in healthcare industry helps in early detection and treatment of mental health conditions such psychosis and PTSD as these diseases are easily talked in the virtual reality expose therapy (VRET). VRET navigates patients through the digitally created virtual environment and completely designed tasks tailored according to specific ailments. VRET is estimated to have a 90% success rate in treating the patients, especially in PTSD and at about half the cost of other traditional methods such as the one mentioned above the Cognitive Behavior Therapy. The development of VRET in VR in healthcare industry will revolutionize patient care.

The leading vendors in the virtual reality in healthcare market are MindMaze, Psious, Virtually Better, First Hand Technology, Immersive Touch, Medical Realities, Osso VR Inc, VirtaMed, zSpace Inc, and Surgical Theater.

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Pool Equipment and Maintenance Market

Online Options and DIY Concepts to Drive the Pool Equipment and Maintenance Market

The pool equipment and maintenance market is projected to generate revenues of around $17 billion by 2022, growing at a CAGR of approximately 11% by 2017-2022. The increasing disposable income, growth in the travel and tourism industry, and construction of new pools is propelling the growth of the global pool equipment and maintenance market. The growing awareness among people to maintain their swimming pools themselves due to penetration of high-speed internet will positively impact the market revenue during the forecast period. The development of the commercial segments is boosting the demand for these services in the global pool equipment and maintenance market. The global market is also witnessing a rise in demand for other equipment such as cleaners, filters, chemicals, and safety fences, etc. due to the increasing awareness among customers toward the importance of pool cleaning and safety.

Online Websites are Guides for Basic Pool Maintenance Tasks

Pool owners seek help from online blogs and videos available on the social media, company websites, and YouTube to maintain their pool equipment. Several maintenance issues are minor and can be resolved by the consumer thereby, driving the pool equipment and maintenance market. With the availability of all this information online, buyers would be able to save on basic maintenance costs which they would have to bear otherwise. This would urge more individual buyers to build swimming pools which are likely to lead to the rise in the demand for pool equipment. For example, when the lid is removed from the filter for cleaning or pipe breaks during heavy rains, there are chances that water can enter the motor. In this case, the motor should be left to dry and not started before 24 hours as it could result in a short circuit and can damage the motor. Such information from online websites will drive the growth of the pool equipment and maintenance market.

Increasing Trend to Construct Swimming Pools with DIY Setup

The DIY setups in the above ground pools and in-ground pool equipment that are available in the pool equipment and maintenance market with simple procedures are enabling buyers to set up their swimming pools by themselves. DIY setups are valuable for buyers as they save a lot of money involved in installation costs resulting in the growth of the pool equipment and maintenance market. The DIY setup can be included in-ground pools such as natural pools, vinyl liner pools, and fiberglass pools. The swimming pools with DIY setups are considered as high value by buyers as they save a significant amount of money. Also, there are options such as online blogs, YouTube videos, and videos posted by vendors on their website or social media that individual pool owners can refer to in order to maintain their pools by themselves. The rise in demand for DIY swimming pools will contribute to the demand for pool equipment, which, in turn, contribute to the global pool equipment and maintenance market.

Demand for Additional Swimming Pool Features

Some of the additional swimming pool features such as pools with infinity edge, zero entry pools, spray pools, fountains, streams, bar tables or stools, tanning shelf, and spools play an important role to attract high-end customers in the pool equipment and maintenance market. Infinity edge or negative edge swimming pools are the most popular in the high-end segment because of their beautiful design and ability to enhance the view. These pools are customized at one or more sides and give an impression of the water merging into the landscape. Spray pools have in-built water sprayers that can be installed near the pool. They mostly help in children’s play or offer an aesthetic feature. Similarly, fountains and streams can also be used in a pool to improve the appearance. Such additional features will revolutionize the pool equipment and maintenance market.

The leading vendors in the pool equipment and maintenance market are Aqua products, Hayward, Pentair, Zodiac, Maytronics, and Fluidra.

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Global Sexual Wellness Market

Sex Toys and Sexual Lubricants Gains Traction in the Global Sexual Wellness Market

The global sexual wellness market is valued at over $37 billion by 2023. The increasing awareness about sexual rights among women in developing countries and some emerging countries is boosting sales in the global sexual wellness market. The reduced stigma around sex and taboos associated with it is driving the change in attitudes, exploration of sexual fantasies, and linking sexual wellness to lifestyle. The launch of various products such as condoms, sexual lubricants, sex toys, and exotic lingerie is gaining immense popularity in the global market. The leading vendors are focusing on introducing innovative products such as flavored condoms, warming jelly, organic oil-based lubricants, and other several pleasure-enhancing products to gain market share and attract new consumers. The increased marketing and visibility of these products online have contributed to the growth of the global sexual wellness market.

Sex Toys Starter Kits is Gaining Popularity

The worldwide success of erotic novel and movie “Fifty Shades of Grey” and TV series “Masters of Sex” is exponentially driving the demand for sex toys in the global sexual wellness market. Some of the most widely available sex toys in the global market are vibrators or dildos, massagers, rubber penis, Realdolls, sexual games, and bondage gears. The sex toy manufacturers and retailers are capitalizing on this growing interest by offering bundle products and “starter kits” for inquisitive customers. The launch of innovative sex toys and technology by established vendors such as Lovehoney and new entrants such as OhMiBod every year is driving the growth global sexual wellness market. The growing awareness about sex toys sex toys has helped the industry continue to gain mainstream acceptance in the world market. China is the largest sex toys maker in the world, and about 70% of the world’s total sex toy output come from the country. The availability of raw materials to manufacture sex toys and the presence of low-cost labor are the major factors driving sex toy manufacturing in the country.

Hybrid Sexual Lubricants is the Next New Thing!

The demand for sexual lubricants from North America and Western European countries such as the UK, Germany, France, and Italy are fueling development in the global sexual wellness market. The launch of new product models such as hybrid sexual lubricants and fast-growing silicone-based products will transform the global market. Durex Play and K-Y are the most popular sexual lubricant brands in the global market. The most widely available types of sexual lubricants in the global market are water-based, silicone-based, oil-based, and hybrid. Silicone-based sexual lubricants are gaining popularity among end-users worldwide. Furthermore, private label brands constitute a significant chunk of the market share in the US and the UK. Increased focus on brand awareness will create lucrative opportunities for leading vendors in the global sexual wellness market.

Online Websites Improves Distribution Networks

The leading manufacturers are vendors are leveraging the internet to promote the concept of safe and fun sex and use of sexual lubricants through social media channels. The presence of online OEMs e-commerce portals and online direct-to-consumer stores such as Amazon, Adam & Eve online stores, eBay, Ann Summers, Alibaba, and AliExpress will boost sales in the global sexual wellness market. Online websites offer include product bundles at low prices and enable the access of potential consumers to consumer reviews that are lacking in brick-and-mortar distribution formats. Retail players such as Sear’s, Wal-Mart, Tesco, and Sainsbury’s are also slowly entering the online space to market and promote new products in the global sexual wellness market. Economic development of the APAC countries of India and China will boost the demand in the global market.

Top vendors in the global sexual wellness market are Ansell, Church & Dwight, Diamond Products, and Reckitt Benckiser.

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Global Sound Reinforcement Market Research Report

Beats Electronics, Bose, Sennheiser, Sony, and Skullcandy Expect to Lead Global Earphones and Headphones Market by 2023

The proliferation of technological advancements such as active noise cancellation, wireless connectivity, compatibility with smartphones and tablets, and booming VR and gaming industries are defining the global earphones and headphones market. The modification of products into multifunctional gadgets and integration of health sensors will revolutionize the global earphones and headphones market. VR, gaming, and sports and fitness industries are the highest revenues generators for innovative products in the global market. The need for improved and advanced portfolio will create lucrative opportunities for vendors in the global market. Product innovations such as wireless headphones, noise cancelling headphones, Bluetooth earbuds, and innovative earbuds are gaining immense traction in the global earphones and headphones market.

Top vendors that dominate the global earphones and headphones market are:

1. Beats Electronics LLC (Beats by Dr. Dre)

Beat Electronics LLC is renowned for its sound quality across the world and focuses on implementing new advanced technology such as noise cancellation, etc. Beats by Dr. Dre, along with the sound quality, is also much lauded for its design and sleek appearance among the affluent customers, thereby gaining popularity in the premium product category. The company operates under the brand name of Apple, it gets to enjoy the latter’s extensive distribution network, giving consumers in other countries easy access to Beats products and gaining larger market share in the global earphones and headphones market.

Key News: Beats strategic partnership with brands such as Chrysler, Fendi, MCM, Fiat, etc. demonstrate product diversity and gives it an edge over its competitors in the global earphones and headphones market.

2. Bose Corp. (Bose)

Bose Corp is popular in the global earphones and headphones market for its home audio systems and speakers, noise-canceling ear, professional audio systems, and automobile sound systems. The company has also conducted research into suspension technologies for cars and heavy-duty trucks and into the subject of cold fusion. Bose Corp offers its products to industries such as automotive systems, professional sound, homebuilding and remodeling, military, heavy-duty trucking, and test instruments systems. Some of products offered by the company are critically acclaimed for their sound quality as the company invests heavily in R&D activities. Its nonpareil technologies range from noise cancellation to heart-rate sensors.

Key News: Bose’s recent association with the US Ski and Snowboard Association (USSA), the National Football League (NFL) and the MERCEDES AMG PETRONAS Formula One Team adds to its already established brand equity in the global earphones and headphones market.

3. Sennheiser Electronic GmbH & Co. KG (Sennheiser)

Sennheiser Electronics specializes in the designing and production of a wide range of both consumer products, including microphones, telephony accessories, and avionics headsets for consumers, professionals, and business applications. The company develops 3D audio, speech processing, and sound control sensors; it cooperates closely with partners in the Silicon Valley to gain a larger global earphones and headphones market share. The company developed some of the most elite products with sophisticated technologies such as wireless earbuds, smartphone headsets, noise-canceling headphones, Bluetooth earbuds and headsets, etc.

Key News: Sennheiser has strategically partnered with other technology-driven companies and vendors such as SMART Technologies, Starleaf, Audinate, AV User Group, etc. to develop brand equity in the global earphones and headphones market.

4. Sony Corp. (Sony)

Sony has diversified business includes consumer and professional electronics, gaming, entertainment, and financial services. The company is one of the leading manufacturers of electronic products for the consumer and professional market. The company has an elaborate product portfolio ranging from as low as $10 to as high as $1,000 in the global earphones and headphones market. Therefore, it has a large addressable market with varied budgets. Sony also has a vast sales and distribution network, spread across the world including Japan, China, Korea, Taiwan, India, the UAE, the UK, the US, Canada, Brazil, Mexico, Russia, etc.

Key News: Recently, Sony to collaborate with Blue Note to open “Sony Hall,” a new music venue in Manhattan, sponsor the annual Blue Note Jazz Festival each June in New York City, thereby, driving the demand in the global earphones and headphones market.

5. Skullcandy Inc.

Skullcandy markets earphones, hands-free devices, audio backpacks, MP3 players, and other products. It sells its products under the brand names, Skullcandy and ASTRO Gaming. The company and its brand authenticity are driven by the Skullcandy and Astro Gaming family of athletes, artists, gamers, and trendsetters as well as its ability to provide innovative and trend right products in the global earphones and headphones market. Furthermore, the company is engaged in activities and marketing initiatives that are organic to its core consumer strengthens its brand authenticity and creates awareness for new consumers in the global earphones and headphones market.

Key News: Skullcandy is forming strategic brand relationships with Nike, Adidas, Redbull, Scuf Gaming, Kontrol Freek, Toyota, Toshiba, Microsoft, and Electronic Arts to tap market opportunities.

Read: Compatibility with Several Mobile Devices to Drive Global Headphones Market

Other prominent players in the global earphones and headphones market are AIAIAI, AKG Acoustics, Apple, Audio-Technica Corp., Beyerdynamic, Creative Technology., Denon, Grado Labs, The House of Marley, Jays AB, JBL, JVCKenwood, Logitech International, Molami, Monster Cable Products, Panasonic, Parrot, Pioneer, Shure Incorporated, SMS Audio, Sol Republic, Urbanears, and Westone Laboratories.

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Global condom market

Church & Dwight, Ansell, and Reckitt Benckiser Likely to Lead the Global Condom Market by 2023

Product innovations and wide availability of different kinds of products are boosting the growth of the global condom market size. The paradigm shift in consumers’ interest and attitude and growing demand for innovative product portfolio is creating new avenues for leading vendors and gain a larger global condom market size. The reduced social stigma around sexual wellness products such as condoms and lubes will encourage top companies to leverage the opportunities to launch new products in the global market. Furthermore, the growing popularity of online retail websites is encouraging mass-market retail chains such as Wal-Mart, Tesco, Sainsbury’s and drug retailers such as Rite Aid, Walgreens, and Boots to market their products on e-commerce websites.

The leading players in the global condom market are:

1. Church & Dwight

Church & Dwight has ten key brands that are called as “Power Brands,” and these brands represent approximately 80% of its consumer sales. The company sells products under the brand name of Trojan and Magnum. It entered the sexual lubricant market in 2013 by introducing its Crazy Sexy Feel sexual lubricant under the TROJAN brand. The TROJAN product portfolio includes vibrators and sexual lubricants. The company tests products electronically to ensure reliability and presents more than 30 varieties of TROJAN brand. Church & Dwight regularly conducts a financial review of its suppliers to assess both their financial viability and the importance of their products to the company’s operations to maintain their global condom market size.

Key News: Church & Dwight has ventured into selling products via e-commerce for various brands and is looking forward to engaging its experience from other brands and applying it to the sales of these products through e-commerce and gain a larger global condom market size.

2. Ansell (now Lifestyles Holdco)

Ansell offers sexual wellness products such as sexual lubricants, devices, and fragrances under its sexual wellness brand portfolio such as SKYN, Blowtex, LifeStyles, JISSBON, Kama Sutra, and MANIX. The SKYN brand offered by the company are made with SKYNFEEL, a technologically advanced polyisoprene material that is free from natural latex and will help Ansell dominate the market size. The company has a strong technical team that is constantly striving to design, develop, and manufactures technologically competitive solutions that are demanded by the consumers to boost its global condom market size. Ansell has lucrative opportunities to grow in the MEA market and enter into collaboration with research institutes to explore and invent innovative products to boost sales and the global condom market size.

Key News: Ansell in March 2017, announced to sell its sexual wellness business to a consortium of China’s Humanwell Healthcare and CITIC for $800 million. This venture will expand the global condom market size during the forecast period.

3. Reckitt Benckiser

Reckitt Benckiser offers condoms, sex toys, and sexual lubricants under its brand Durex and offers K-Y brand of lubricants, the rights of which were acquired in 2014 from Johnson & Johnson. Both Durex and K-Y have a global reputation and have been demonstrating healthy growth in demand across the world and increase market size. In 2016, the company also purchased the condom and sexual lubricant business of Brazil-based Hypermaras, a leading generic drug manufacturer and the seller of products under brands such as Jontex, Olla, and Lovetex. This acquisition had strengthened its business along with brand-equity and go-to-market capabilities in Brazil. The wide availability of different products will help Reckitt Benckiser to sustain the competition and gain a larger global condom market size.

Key News: Reckitt Benckiser is planning to explore untapped global condom market size in Southeast Asia such as India, Thailand, and Indonesia along with markets in China, Japan, and South Korea.

The other prominent players to dominate the global condom market size are BILLY BOY, Convex Latex, Cupid Limited, Fuji Latex, HBM Group, HLL Lifecare Ltd., Innova Quality, IXu, Karex Berhad, LELO, MTLC Latex, Sagami Rubber Industries, Shandong Ming Yuan Latex Co., Shanghai Dahua Medical Apparatus Co., Silk Parasol, StaySafe Condoms, STRATA Various Product Design, Thai Nippon Rubber Industry (TNR), Tianjin Condombao, and VERU (The Female Health Company).

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Global Electronic Shelf Label Market Research Report

Innovative Technologies in Global Electronic Shelf Label Market

Communication technologies play an important role in the global electronic shelf label market. These provide two-way communication between the ESL tags and consumers or ESL tags and the core software. Both the type of communication is essential for efficient operations and steady revenue streams. Vendor facing, and customer-facing technology divide the ESL market. Here are the technologies that help transmit information of these tags in a large area such as supermarkets and hypermarkets in the retail industry. The global electronic shelf label market will worth around $1,675 million and is expected to grow at a CAGR of over 28% during 2018-2023.

 

Radio Frequency (RF)

Ultra-high frequencies in the range of 300–3,000 MHZ are the ones, which are used for the civilian communication purpose, encompassing mobile communication, WLAN, Bluetooth, Zig-Bee, GPS, two-way radios, etc. The main advantage of the RF communication is that there is no line of sight issue and hence the communication can happen without any hindrance. The leading vendors are using this technology to communicate with the base station and ESL tags.

RF products in electronic shelf label market: SES Imagotag ESL tags have an operating frequency of 2.400-2.480 GHz, which is near the Wi-Fi frequency. M2Communication and Displaydata ESL tags with an operating frequency of sub 1GHz which is untroubled by interference are revolutionizing the global ESL market.

Infrared (IR)

IR is electromagnetic radiation with a longer wavelength than the visible light. IR signals have higher data rates compared to radio frequency signals. The two major types of IR signals used for communication in the global electronic shelf label market are directed or diffused. The use of these IR technologies for ESL tags create no problem of interference from the crowded radio frequency range in large areas of retail stores.

IR products in electronic shelf label market: Pricer, an in-store digital shelf-edge solution provider, use diffuse IR as the communication technology that has no line of sight issues and increases in-store experience for consumers.

Bluetooth Low Energy (BLE)

BLE (aka Bluetooth Smart) is the newly adopted to the Bluetooth specification, and it operates at sub 1GHZ radio frequency. Proximity capabilities that are introduced with BLE have enabled the proliferation of location-based services such as beaconing and geo-fencing applications across industries in the global market. For instance, BLE beacons and geofencing capabilities are currently used ESLs for in-store navigation, and exponentially used for the mobile-based product promotions and positioning.

BLE products in electronic shelf label market: Pricer recently deployed a solution in Carrefour where the customer can interact with ESLs through the mobile application “C-où.” The innovative application has geolocalization which helps to identify in-store and navigate products for consumers in the global electronic shelf label market.

Near Field Communication (NFC)

NFC devices evolved from RFID and are powered by the device that is trying to access the information from the NFC tags. The communication levels of these devices are one directional where the NFC tag will provide the information that is coded into it. The use of NFC in the global electronic shelf label market allows mobile devices that contain the corresponding applications to be in proximity to the ESL tags to process information and reflect on the consumers’ smart devices, and thus the sensitivity and user-interactiveness do play a significant role in this industry.

NFC products in electronic shelf label market: Pricer SmartTag and SES Imagotag G1 retail 7.4 red NFC have the capabilities the enhance the customer interactivity with applications on the mobile phones thereby, increase satisfaction levels.

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