The creation of multiple virtual networks over a shared common physical infrastructure is what network slicing enables. Sector-specific applications such as smart factories, smart homes, smart grid, and connected cars can be supported through the means of configuring each network slice (aka virtual network). Complementing the needs of specific applications such as speed, bandwidth, and latency Each network slice provides a dedicated set of network resources.  The increasing demand for – broadband services over mobile networks, high-speed and large network coverage as well as significant growth in the mobile data traffic volumes, and virtualization of networks are few of the major factors that are driving the growth of Network Slicing Market. Further, the increasing adoption of agile networks and the Internet of Things (IoT) is also expected to propel the market growth during the forecast.

The area that is engaged in network planning and optimization is estimated to drive the network slice market faster than any other application. The ability to deliver the best quality of experience to the clients is ensured by the aforementioned area in the ICT segment simultaneously allowing them to keep a check on injudicious Capital Expenditure (CAPEX). With better data throughput and lowers the Total Cost of Ownership (TCO), this segment is an enabler of advanced pre-emptive analysis service resulting in reduced client complaints. Capacity dimensioning, cell parameter planning, frequency planning, nominal cell planning, Radio Frequency (RF) site surveys are the key competence of Network planning services. While in the case of network optimization of RF measurements and optimizing the network parameters to improve the network performance, thereby along with the aforementioned validating its contribution resulting in the surge of the network slicing market growth, faster than any other. 

The market development pertaining to network planning and optimization segment

This year the launch of 5G Consulting portfolio and practice as well as the Carrier Consulting Services was announced at the Huawei Global Analyst SummitHAS 2020 in Shenzhen China this during the month of May. The objective intending to enable carriers to adjust to opportunities and challenges brought by new technologies, new business, and new models, and foster value creation to woo in new customers. The comprehensive consulting services and solutions which has ecosystem value-based operations, end-to-end network planning, operation optimization and reconstruction, product and offering designs, strategic predictions as well as top-level design within the ambit. These value-added services enable us to maximize investment benefits, achieve sustainable development, and positive business cycles.

Consulting services in the areas of 5G industry and service-network synergetic planning, 5G product and offering innovation, and large-scale 5G service development for carriers by extending close linkage with Huawei's profound professional knowledge,  business design and network planning, DTPC innovation, as well as Cloud Open Labs platform. The aforementioned is offered by Huawei 5G Business-Network Synergetic Consulting.

The remote monitoring application to occupy a healthy market share of the network slicing market

From the perspective application, the area of remote monitoring is also another factor that is expected to hold the largest share in the network slicing market during the forecast period because of the sheer range of sectors that it finds its use in. Businesses around the globe are adopting various digital platforms wherein remote monitoring has become a crucial part of maintaining a competitive edge in the market. This application is enabled by cloud-based end-to-end monitoring technology with which multiple pieces of equipment could be operated from remote locations. The advent of 5 G network is estimated to have gained a lot of traction to an extent whereby every possible sector is inclined to adopt the same due to its enhanced security and higher bandwidth. This technology has brought about a paradigm shift in the remote monitoring applications and the possibility of tracking coupled with information transmission between the sensors, operating vehicles remotely, carrying out surveillance as well as surgeries.

With the advent of COVID-19, health systems that include various care points especially hospitals are witnessing an increasing influx of patients in Emergency Rooms (ERs) and Intensive Care Units (ICUs). This is further fueling their need to rely on health technology to stem the tide of infection simultaneously managing the COVID 19 patients. Therefore, to minimize staff exposure to the coronavirus concomitantly remaining competent to deliver quality care, there lies an urgent need for monitoring patients that enables healthcare workers to remotely monitor a patient’s condition. To this end may be noted in June 2020, RoyalPhilipshas been granted Emergency Use Authorization (EUA) by the US Food and Drug Administration (FDA) for its IntelliVue Patient Monitors MX750/MX850 and its IntelliVue Active Displays AD75/AD85, for use in the US during the COVID-19 health emergency. These two solutions received CE mark in 2029 are already in use by the hospital across Europe.

Again, in June 2020, a leading provider of unified endpoint management solutions that offers SaaS and on-premise solutions to secure, monitor, and manage all business endpoints, such as tablets, wearables, phones, desktops, and called 42Gears Mobility Systems Pvt. Ltd. has collaborated with Isansys Lifecare.  With objective to improve patient care, drive clinical performance, ensure economic value and enhance patient safety, the latter provides remote monitoring solutions. This enables the supporting of healthcare teams around the world in the face of the pandemic, in a better manner by easing the administrative workload off the of medical staff.  Besides the above, a pioneering developer of wearable, remote monitoring technology intended for academic studies, and drug trials called ActiGraph was acquired by ArchiMed, a Private equity healthcare specialist. ActiGraph’s mobility and sleep tracking hardware, software and analysis solutions are extensively employed research-grade monitoring systems. The aforementioned monitoring system watches and can be worn on the wrist, waist, thigh or ankle. Thus, in the light of the aforementioned developments across various sectors, the Network Slicing Market is estimated to grow exponentially during the forecast period.

Ambient lighting refers to the general lighting that are used inside rooms and halls to spruce of the ambience of the rooms. These types of lights generally include those types of lights that hang from ceilings that mainly include chandeliers, pot lights, track lights that offer a soothing ambience to the room. Also, table lamps, and floor lights are also considered to be an integral part of the ambient lighting solutions. These lights are considered to be highly effective as they have considerably less operational and maintenance costs. The integration of technology has led to the development of wireless lights and wirelessly controlled systems, thus these lights also offer higher flexibility thereby, driving the adoption of these lights in developing countries of the world due to higher standards of living, and higher purchasing power of the people. The integration of technology and the rising investments by market players in the development of smart lighting systems and the burgeoning adoption of these systems is also projected to be one of the key opportunity for the market to grow in the near future.

Segment Overview

The ambient lighting market has been segmented on the basis of type, end-user industry, and geography. By type the market has been segmented into indoor and outdoor. By the end-user industry, the ambient lighting market has been classified into residential, hospitality, retail, automotive, commercial and others. Geographically, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.

By type, the indoor segment is projected to hold a substantial market share on account of the burgeoning adoption of these lighting solutions across the residential sector on account of due to the integration of automatic floor lighting systems. The market for indoor lighting systems is also projected to grow on account of the rising investments in smart homes in major developing economies of the world due to the growing disposable income and rising middle class population. The outdoor segment is projected to witness a healthy CAGR throughout the forecast period on account of the rising initiatives by the governments of various countries towards the conservation of energy and thus adopting energy efficient lighting solutions.

By end-user industry, the residential sector is projected to hold a notable market share throughout the forecast period. The major factors supplementing the share of this segment includes the high adoption of these lighting systems across the residential sector coupled with increasing investments in smart homes. Also, booming residential construction in both the developed and developing countries around the world is bolstering the demand for ambient lightings for the residential sector, thus propelling the opportunities for the market to grow in the near future. The automotive segment is anticipated to witness a decent growth during the next five years on account of growing adoption of lighting solutions by the automakers primarily due to the growing consumer expectations regarding the features of their vehicles. Also, the growth in the sale of luxury cars on around the globe on account of the increased affordability coupled with the booming investments by key luxury car manufacturers in for setting up new production facilities as well as expanding the existing facilities further support the demand for these lighting solutions for the automotive industry, and there by drive the global ambient lighting market growth during the next five years.

Geographically, the Asia Pacific region is projected to show substantial growth over the course of the next five years. The major factors that are driving the market growth in the APAC region include the rapid increase in the demand for energy efficient lighting solutions in the major developing economies of the region such as India and China among others primarily on account of the government initiatives for the conservation of energy. For instance, in 2015, the Government of India, Unnat Jyoti by Affordable LEDs, in which the government of the country aimed to replace and distributed around 770 million LED lights under a subsidized pricing to all the residents of the country. Furthermore, the rapid investments by the governments of various countries for the development of commercial infrastructure due to impressive economic growth is also projected to propel the demand for various lighting systems, thus driving positively impacting the market growth during the next five years. Furthermore, the initiatives by the governments of various developing economies of the APAC region for uplifting the residential sector is also driving the market growth during the coming years. For instance, the smart cities mission by the Indian Government, in which 99 cities have been identified to be converted to smart cities and the adoption of energy efficient lighting systems will bolster the market growth in these countries. Similarly, in China, in 2018 the government announced and investment worth US$255 billion for the Shantytown Redevelopment Project. The North American region is projected to hold a noteworthy market share on account of the presence of well-established semiconductor industry in countries like the United States and Canada. Furthermore, the growing construction activities coupled with the high adoption of these efficient lighting systems is also one of the key factors bolstering the significant share of the North American region in the global ambient lighting market.

ABOUT THE AUTHOR:

Rachit Gulati is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from automation to food and beverages, with a special knack for automotive and healthcare. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.

The global solar rooftop market has been showing a good growth over the past few years and is expected to continue witnessing a solid growth over the forecast period. The growth of the market is gaining momentum on account of growing focus on the decarbonisation of the energy sector and reduction of carbon emissions worldwide. Governments and international organizations have been continuously working on the pathway for the deployment of low-carbon technology towards a sustainable and clean energy future. Energy sector transformation main goal is to reduce the energy-related CO2 emissions by way of rapidly shifting away from fossil fuels consumption towards cleaner renewable forms of energy. Rapidly declining cost of renewable energy cost is one such driver that is bolstering the installation rate of solar rooftops. According to the IRENA, the global weighted average cost of electricity from all commercially available renewable power generation solutions continued to fall in 2018. Increasing economies of scale and technological improvements will further continue to drive down the total installation cost of solar PV projects from $1,210 per kW average in 2018 to a range of $340 to $834 kW by 2030.

Supportive government initiatives and policy measures are also fueling the solar rooftop market growth. Governments are continuously trying to reduce carbon footprint while fulfilling the ever-increasing demand for cleaner energy. In December 2019, in India, the Karnataka Electricity Regulatory Commission (KERC) decided to encourage third-party investments in residential solar rooftop projects to accelerate capacity additions in the rooftop solar segment. In 2018, the Israeli government launched a new incentive scheme for rooftop solar PV. The scheme mainly focused on the deployment of 1.6 GW of rooftop PV capacity during the course of the next three years which is further aimed to achieve the country’s renewable energy target by 2020. 

Furthermore, various government policies in major developing countries are promoting sustainable use of energy regarding the promotion of rooftop solar panels like subsidies, loan facilities, and others. For instance, the rooftop scheme by the Solar Energy Corporation of India launched a tender which offered a 30% subsidy to the residential sector, private NPO’s, educational organizations and health institutions. This tender is an initiative for generating the momentum and achieving the target of 40GW of rooftop solar power generation by 2022. In January 2019, the Canadian government for the support and development of solar energy in Alberta, Canada, in which includes an investment of approximately $50 million to use the bi-facial solar PVs on a large scale for both the residential and commercial sector, thus anticipating the market growth during the forecast period.

However, recent COVID-19 global pandemic outbreak disrupting the global supply chain, lower power demand, and currency fluctuations making component costs has negatively impacted the global solar rooftop market. The major supply disruption caused by shutdown in China, the leading manufacturer of solar panels, is the major factor that has led to a decline in solar rooftop market growth. Moreover, construction activity has been also affected due to mandatory regulations regarding social distancing which has further deteriorated the market growth.

Although most of the solar rooftop’s troubles are due to social distancing measures that have closed off door-to-door sales channel, manufacturers are expecting for the situation to get worse even after shutdown measures are phased out. With a long halt in production, solar component prices are projected to initially rise due to shortage of raw materials till the shipping from China resumes and logistical issues due to lockdown. Also, a shortage of workforce could also mean a rise in labor cost in the short term.

Immense growth potential held by this market is attracting investments by many market players into research and development, and in business expansion, thus augmenting the growth of Solar Rooftop Market.

Competitive Scenario in the market

The key players in the market are investing heavily into this market in order to develop more efficient and new products for the purpose of expanding their product offerings. Also, investments into facility expansion and into partnerships and agreements are also supporting the market growth. Some of the key developments in the solar rooftop market are listed below:

Recently in February 2020, the International Finance Corporation (IFC) and Massader, a subsidiary of the Palestine Investment Fund (PIF) have signed a loan agreement to fund the installation of solar rooftop panels across the West Bank region. The loan package includes $8.1 million from Finland-IFC Blended Finance for Climate Program and the Dutch MENA Private Sector Development Program along with an $8.1 million loan from IFC. Furthermore, the World Bank has also announced to provide a grant of upto $2 million from the Investment Co-Financing Facility to help Massader solarize nearly 500 public schools in order to power 16,000 houses in the West Bank region.

Ever Source Capital, a joint venture between Lightsource BP and PE firm Everstone Capital, has recently acquired solar rooftop company Origin Renewables as a part of its strategy to enter the commercial and industrial solar rooftop business.

Recently in January 2020, SIL Rooftop, a wholly owned subsidiary of SunEdison Infrastructure Ltd, has acquired Sherisha Solar Private Ltd with an aim to deliver high-performance solar assets to its customers with improved customer service and visibility.

The Indian government has recently launched a Mobile App for solar rooftop systems called ARUN- Atal Rooftop Solar User Navigator- in order to monitor and manage the installation of solar rooftop system

In September 2017, MYSUN and GCL System Integration Technology partnered to launch ‘GCL G-Home rooftop solar kits especially made for the Indian market to speed up the installation process while enhancing performance and safety.

Hermetic packages refer to those packaging solutions or techniques that are used to pack electronic products or compact electronic components to protect the components from environmental hazards such as moisture, air, and chemicals among others. These are airtight packaging solutions that prevent the entry of various substances that may further destroy or hamper the quality of the component packed inside. Also, these packages prevent the substances to disrupt the connections and electrical circuits inside the package. The wide applications of miniaturized components across various industries including aerospace and defense, automotive, consumer electronics, and medical electronics products among others. The growing demands for various products across these industries are resulting in increased production of various devices and components thereby positively impacting its demand over the next five years.

Segment Overview

The hermetic packaging market has been segmented on the basis of configuration, type, application, end-user industry, and geography. On the basis of configuration, the segmentation has been done on the basis of multilayer ceramic packages, metal can packages, pressed ceramic packages. By type the segmentation is done into ceramic-metal sealing, glass-metal sealing, passivation glass, transponder glass, and reed glass. By application, the market has been classified on the basis of transistors, lasers, photodiodes, airbag ignitors, and others. On the basis of application the classification has been done into military and defense, aeronautics and space, automotive, energy and power, and others. Geographically, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.

By type, the ceramic metal sealing segment is anticipated to hold a considerable share in the market owing to its burgeoning applications across various industries that operate at high temperatures, require special chemical resistance and high voltage withstanding. These also offer better insulation from electrical signals which is also positively impacting the market growth in the next five years. The reed glass segment is projected to show a decent growth during the next five years as the growing applications of reed switches across various industries is widening up the opportunities for this segment to grow during in the near future. These packages are considered as innovative solutions across the packaging industry, thereby instigating its adoption throughout various end-use industries.

By application, the airbag ignitors segment is anticipated to show a robust growth throughout the forecast period. The major factors supplementing the growth of this segment over the next five years include the inclination of governments towards the safety of passengers that has led to the formation of numerous regulations related to the installation of airbags in passenger vehicles. For instance, in Brazil, in 2013, new auto-safety regulations were made which mandated the requirement of frontal airbags for both the driver and the passenger and ABS for all new vehicles to be sold in the country after 2014. Also, vehicle safety has developed substantially over the last decade, primarily driven by developments in Europe, Japan, and the United States (US) with vehicles in these regions are now built to comply with and exceed minimum regulatory standards. This, in turn is also projected to positively impact the market growth during the next five years as the integration of new technologies such as ADAS, ABS, and EBS among others which will instigate the applications of various electronic components, thereby driving the demand during the coming years.

By the end-user industry, the automotive segment is projected to show decent growth during the next five years primarily on account of the healthy growth of the automotive sector. Furthermore, the various government initiatives towards the increased investments in electric and hybrid vehicles are anticipated to be a prime factor which is propelling the opportunities for the market to grow in the near future. Also, the growing focus of the automobile manufacturers and governments of numerous countries towards the safety of vehicles is also propelling the growth opportunities in the near future. The aeronautics and space industry is projected to hold a healthy market share throughout the forecast period on account of the increasing investments by major private and public players in the space exploration sector, which is supplementing its share in the market over the course of next five years.

Geographically, the North American region is projected to hold a noteworthy share in the hermetic packaging market on account of the availability of the state-of-art infrastructure and the presence of well-established industries in countries like the U.S and Canada among others. Furthermore, the presence of key market players in the region also supports the hermetic packaging market growth in the region throughout the forecast period.

Restraining aspects

The major factor that is considered to inhibit the market growth during the short run is the recent outbreak of the deadly coronavirus disease. The market is projected to experience downfall during the next eight to ten months as the manufacturing facilities are shut-down due to the pandemic crisis. This is due to the fact that many end-use industries are not in operation, in addition to the product manufacturing units, due to labor shortages. Also, the trend of social distancing, lockdown, and work-from-home measures are being taken to prevent the spread of this deadly disease. Furthermore, different regulatory standards for various industries is also considered to be a tough challenge for the manufacturers to develop the products and meet the requirements of different industries.

ABOUT THE AUTHOR:

Rachit Gulati is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from automation to food and beverages, with a special knack for automotive and healthcare. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit https://www.knowledge-sourcing.com.

Wireless Power Transmission, which is also referred to as wireless energy transmission or electromagnetic power transfer, is a technology that facilitates the transfer of energy or power from a device that is known as the transmitter to the other device, which is known as the receiver without making use of the wires or any other linkage between the two elements. Wireless transmission products are used in different end-user industries such as automotive, consumer electronics, healthcare to deliver or transfer power over different ranges such as short-range transfer, which is mostly used for charging phones or other devices, medium-range and long-range.

The power can be transferred over short distances by the making use of near field transfer technology that is completed by the alternating electric fields and capacitive coupling between the metal electrodes. However, the most common method used for facilitating the wireless power transfer is inductive coupling, which is used to charge different types of devices such as smartphones, shavers, implantable medical devices, prosthesis among other devices, and can successively operate at a distance of up to 20 m.  Wireless Power Transfer is used for different applications such as telemetry, satellite communications, and radio frequency identification (RFID) tags. The power transferred in most of the applications is low and is measured in micro or milliwatts, whereas, in high power applications, the power I measured in kilowatts. The most common method that is used is through inductive coupling.

Wireless Power Transmission Market Trends

• There is a rising concern among the energy and electrical grid operators in order to effectively manage and maintain the power distribution and transmission systems such as smart grids, smart meters, appliances among other components and products so as to reduce the operational costs, to increase the productivity and reduce the power wastage during the transmission of energy or power. Therefore, this is leading to an increase in the demand for wireless power transmission systems and propelling the Wireless Power Transmission market growth.

• The rising applications wireless power transmission is able to cater to are opening up new avenues in the automotive industry such as the probable charging of electric cars or other devices that facilitate deriver assistance or aid in driver safety. These factors are providing an opportunity for the market player to invest and contribute to the growth of the market over the forecast period.

• There is an increase in the production of different types of consumer electronics that are equipped with the latest technologies including wireless charging mechanisms being manufactured by leading companies such as Samsung, Huawei, and Xiaomi, that the consumers are purchasing owing to the increasing spending power. This is stemming from the increasing income in the middle and ow0cinome population due to improving job roles, more workload, and industrial development and thereby leading to developments and growth of the energy and power sector.

Product Launches by Industry Players in Wireless Power Transmission Market Landscape

Moreover, the industry players are increasingly participating in the market to advance and enhance the Wireless Power Transmission solutions in order to effectively transfer energy and power without wasting and efficiently facilitating the operations. Thus, they are involved in product launches and offerings to accelerate the development of the automobile industry, thereby boosting their market position and contributing to increasing the Wireless Power Transmission market size.

• Recently, In May 2020, TransferFi Pte, a company that is involved in the provision of announced that they developed a wireless charging solution called the “TranferFi wireless power network (TFi WPN)”. This product has been developed for the purpose of powering up and charging different sensors that are at a distance of up to 55 meters. This product enables and facilitates cost-saving and cabling costs that the different end-users have to incur. The TFi uses the gateway Max Turin-1 has a range of up to 32 TFi Sense devices via using the multichannel beamforming technology and has been powered by the Arm Cortex-M4.

• In October 2018, IDT, one of the leading companies that are involved in the manufacture of for different industries, announced the launch of their new product, a turnkey CRB (Customer Reference Board), which is called the “P9621-3C-CRB” reference kit. This product is developed for use in automotive equipment applications. It consists of a three-coil Wireless Power Consortium (WPC) Tx-type reference board with a receiver board with a power of 15-2. It is based on the chipset of their older product called the “P9261 AEC-Q100”, which has the PWC qualified MP-A13 3-coil transmitter. In addition, this product has been developed in accordance and compliance with the grade 2 automotive standards, fulfills the AEC-Q100 requirements, and displays the CISPR-25 EMI/EMC performance.

• In September 2019,  Xiaomi, which is one the most popular company dealing in the manufacture and sale of consumer electronics products with the top quality feature as and are available at affordable prices, announced the launch of their new products which included the first 30W wireless fast charger. This charger offers fast charging capabilities, reverse charging capabilities (i.e., the device is able to turn into a charger) and their new and upcoming phone will be equipped with this technology. The charger is able to charge a 4000 mAh battery up to 50 percent in 25 minutes and 100 percent in about 69 minutes.

Conclusion:

The use of advanced and enhanced wireless power transmission solutions is gaining traction and popularity from the last few years owing to the vast number of benefits and other extended features. These solutions are able to provide to the different end-user industries and power grid operators, which is leading to the increasing adoption of these solutions by companies in their product portfolios. The current market trends show that the usage of the solutions is going to increase with more new and enhanced features being included integrated into these systems such as NFC, among some other further technologies, which will not only make the energy transfer process efficient, and make the energy losses insignificant. Hence, the increasing number of applications of the WPT technology will allow the new entrants to influence and contribute to the market growth, which will play a major role in fuelling the market growth over the common g years and keep the market competitive over the forecast period.