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.

A ventilator is a machine that helps in the functioning of the lungs and is generally used by patients who are physically unable to breathe or are having breathing insufficiently. It pumps oxygen-rich air into the lungs and also helps to breathe out carbon dioxide and other harmful gases when the patient is recovering from an illness or other critical issues. The rising prevalence of respiratory diseases coupled with the growing air pollution level in various parts of the world is expected to drive the growth of the market during the forecast period. For instance, according to the World Health Organisation, air pollution kills an estimated seven million people worldwide every year and the recent data shows that 9 out of 10 people breathe air containing high levels of pollutants in it.

Impact of COVID19 pandemic in overall ventilator market

In mid-2020, as coronavirus pandemic spread its wings the major challenges that arise for healthcare institutions and government were to provide critical care services to its people. As ventilators are important medical equipment that is required for critical patients as COVID-19 directly affects the patient lungs. The lack of healthcare infrastructure available in developing countries like India and Brazil has augmented the demand for ventilators significantly in the short run. Even, the market witnesses’ collaboration and partnership between companies in the production of ventilators to meet the growing demand due to pandemic. Some of the recent deals and investments are as follows:

In June 2020, Nasa’s Jet Propulsion Laboratory (JPL) selected eight US manufacturers for the production of new ventilators designed for Covid-19 patients. The eight companies selected for licenses are DesignPlex Biomedical, MVent, iButtonLink, Vacumed, Pro-Dex, ATRON Group, Evo Design, and Stark Industries.

In April 2020, Philips and the US government collaborated to increase the production of hospital ventilators in its manufacturing sites in the USA. The company’s goal is to double the production by May 2020. 

In March 2020, General Electric and Ford Motor collaborated for the production of ventilators to reconstruct the existing United States manufacturing and supply chain capabilities for the treatment of COVID-19 patients in the country.

In March 2020, Mahindra & Mahindra Ltd teamed up with two state-owned companies scale up production of ventilators amid a surge in cases of Covid-19 in India.

In March 2020, the government of United Kingdom’s ordered nearly 10,000 ventilators from a consortium of leading aerospace, Formula One racing, and engineering companies which have even started their production lines in response to an urgent government call for industry to help.

Recently, General Motors and medical device maker Ventec Life Systems teamed up to enable the Seattle manufacturer for increasing production capacity of its respiratory care products, including ventilators, to support response to the COVID-19 pandemic.

Growing prevalence of the chronic obstructive pulmonary disease is augmenting the growth of the market

Chronic obstructive pulmonary disease, COPD, a group of diseases causing air-flow blockage and breathing problems is quite common worldwide, and currently, COPD has no cure, but it can be treated. It was also noted that the maximum prevalence of deaths by COPD took place in low and middle-income countries. The major factors affecting individuals with COPD in various parts of the world are active and passive smoking. Hence, with the presence of smoking at the international level, the market growth is expected to fuel with the growing number of affected individuals. Also, COPD is found to be more prevalent among the geriatric population. Hence, with the increasing geriatric population in various parts of the world, the market is projected to surge at a rapid pace. According to the World Health Organization, WHO, by 2050, the population under the category of 60 years and above worldwide is estimated to attain a size of 2 billion from a population size of nearly 900 million in 2015. The pace of population aging is much faster in comparison to the past records.

Segment Overview

The ventilators market has been segmented on the basis of mobility type, interface, type, mode, end-user, and geography. On the basis of mobility type, the segmentation is done on the basis of intensive care ventilators and transportable ventilators. By interface, the segmentation is done into invasive ventilation and non-invasive ventilation. By type, the market has been classified on the basis of geriatric, neonatal, and pediatric. Based on the mode the classification has been done into combined mode ventilation, pressure mode ventilation, volume mode ventilation, others. By end-user market is segmented based on ambulatory care centers, emergency medical services (EMS), home care, hospitals, and clinics. Geographically, the global ventilators market is segmented on the basis of North America, South America, Europe, the Middle East and Africa, And Asia Pacific.

 

 

By the type, the geriatric segment is projected to show decent growth during the forecast period as the old age population is more exposed to respiratory problems. The increasing geriatric population in many parts of the world is expected to be one of the prime drivers for the growth of the segment over the forecast period. Also according to the World Bank, the population ages sixty-five and above as the percent of the total population in France and Italy has increased from 16.85% and 20.42% in 2010 to 20.03% and 22.75% respectively by the end of 2018. Furthermore, the growing geriatric population is considered one of the major drivers for the growth of the overall healthcare industry. 

Geographically, the North American region is projected to hold a noteworthy share in the global ventilator market on account of the availability of the state-of-art infrastructure and the presence of major market players in countries like the U.S and Canada. Furthermore, the growing investment in healthcare infrastructure also supports the ventilators market growth in the region throughout the forecast period. 

ABOUT THE AUTHOR:

Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from Healthcare 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.

An electric fuse is an electrical safety device that operates to provide the over-current protection and is generally used as a conduit between an electrical power source and an electrical component. Electric fuses are the essential part of electrical systems in cars, motorcycles, trucks and other types of vehicles and they function to stop electricity from flowing to a particular component as a result of the unsafe electrical condition. Today, automobiles require a lot of electrical fuses for essential activities such as passenger safety and electric car charging stations resulting in a higher demand for electric fuses in the automotive manufacturing industry. The market for electric fuse is expected to increase due to growing industrialization, automobile sector revolution, rising domestic power demand, increasing demand for power transmission equipment.

Growing in-vehicle electronics

Technological advancement in the semiconductor industry has led to the development of electric fuse technologies that are used particularly in the automotive industry. There is an increasing demand for electronic systems within the automotive industry owing to increased attention towards the vehicle-to-vehicle and vehicle-to-infrastructure communications, convenience as well as onboard safety, thus driving the growth of the market during the forecast period. The adoption of electronic systems is growing as technology becomes more widely available on mid-range and entry-level cars, providing another avenue for electric fuse manufacturers to generate higher revenues. In addition, due to the benefits of smart sensors like high reliability, low power consumption and failure detection also boost the demand for vehicle electronics which is further expected to propel the market growth opportunities for the electric fuse market in the coming years.

Significant growth of the world’s electricity transmission and distribution industry

With a growing population, the demand for energy demand continues to increase which is expanding the scope of electric fuse adoption in electricity transmission and distribution. The power delivery system today represents one of the most asset-intensive industries on the planet and a shift of government focus to reinforce the power T&D system in developing countries like India and China also opens up profuse opportunities for the electric fuse market. For instance, the government of India is encouraging investment in transmission and distribution system through schemes such as Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) that aims to provide power for every village. 

 

Impact of COVID19 pandemic in overall electric fuse market

The disruption in the manufacturing industry due to COVID-19 has severe social, financial, and operational consequences which are forcing manufacturers to reassess risk management and contingency plans and new ways of working opportunities, all at the same time. Also, the current COVID-19 pandemic has drastically affected the consumer electronics industry from initial supply and manufacturing disruptions to upcoming demand shock with the uncertainty of the recovery timeline. Besides, the overall impact of global production shutdowns and collapsing demand coupled with the challenges with components supply will have a major economic impact in the short and medium run. Furthermore, the outbreak has dampened the demand for oil resulting in falling prices and declining production especially in the middle of Russia-OPEC price war. Such trend of falling prices is also observed in the electricity sector as the pandemic caused a tremendous drop in electricity consumption globally as businesses and industrial activities are halted, all such situations have drastically impacted the energy and power industry in the region which is further expected to restrain the growth of the market in short term.

Segment Overview

The electric fuse market has been segmented based on voltage, material, end-user, and geography. On the basis of voltage, the segmentation is done as, medium and low. By material, the segmentation is done into copper, silver, and bronze. Based on the end-user industry the classification has been done into energy and power, automotive, manufacturing, consumer electronics, construction, and others. Geographically, the market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

By the end-user industry, the automotive segment is projected to show decent growth during the forecast period on account of increasing investment by major market players. Also, advancement leads to increasing demand for in-vehicle electronics which is further expected to boost the market for electric fuse during the forecast period. In fact, it is estimated that the cost of electronics as a percentage of the overall vehicle cost is expected to increase from 30% in 2005 to 50% in 2030 (source: NXP Semiconductors). However, slowing growth of the automotive industry and a sharp downturn in production and sales from 2018 because of a slump in demand in the world’s biggest market China is expected to slow the growth of the market in short term. Furthermore, the current COVID-19 pandemic has drastically affected the industry from initial supply and manufacturing disruptions to upcoming demand shock with the uncertainty of the recovery timeline.

Geographically, the Asia Pacific region is projected to hold a noteworthy share in the global electric fuse market on account of expanding the automotive and construction industry and the presence of major market players in countries like China who is the world’s manufacturing center and constitute a significant share in global manufacturing output. Furthermore, the growing investment in the manufacturing and energy and power industry also supports the electric fuse market growth in the region throughout the forecast period. In addition, increasing product launches in the European region by major players shows a sign of development and growth in the region. For instance, recently, Mersen announced the launch of Modulostar® fuse-disconnector for application with power cylindrical low voltage fuses.

ABOUT THE AUTHOR:

Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from semiconductor to food and beverages, with a special knack for automotive and semiconductor. 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.