Smart Devices: Interactive electronic gadgets such as tablets, smartphones, phablets, smart glasses, and smartwatches have become an integral part of consumers’ lives in a way not many saw coming. These devices that power the digital lives of the consumer have emerged owing to a host of forces including the development of apps and software, innovations in product design, the need for improved device interconnectivity, and the unprecedented access to digital media. The advent of smart devices has revolutionized the way people interact, socialize, entertain, and communicate.
The rapid adoption of sensors, smart devices, and energy-efficient gadgets has created new opportunities for businesses around the globe. This, in turn, has led to connected infrastructures such as connected homes, connected cars, and machine-to-machine (M2M).
Our analysts at Persistence Market Research keep a tab on these next-generation technologies and with their expertise, predict the trajectory the market is likely to take. Our set of intelligent solutions also helpsclients capitalize on these opportunities presented by smart devices and the explosion of data they will promptin the coming years.
As of October 2014, the number of mobile-connected devices officially surpassed the global population. With connected logistics, connected products, and connected phones becoming ubiquitous, the Internet of Things is poised to revolutionize almost every industry vertical andcompanies like Amazon with their connected logistics and Tesla with their connected car signal the beginning of this revolution. Connected devices have already begun changing workflow, commerce, and customer relationships.
Consumers of the future will purchase new products and gadgets based on their ability to integrate with a host of smart home appliances. At the same time, companies have been focusing on increasing the value of their existing assets and infrastructure by integrating connectivity, sensors, and intelligent systems, thereby generating exciting new revenue streams.
Persistence Market Research helps companies realize and capitalize on the changes brought on by this wave of connected devices. Rather than being intimidated by this transformational phenomenon, companies can embrace the opportunities that lie ahead – PMR helps companies achieve that.
Sensors and Sensing Technologies
Smart sensors have taken over almost every sphere of human life, be it in the detection of viral infections, monitoring traffic, selecting the appropriate cycle for washing machines, managing intelligent buildings, monitoring health, or controlling various processes in a manufacturing unit. The wealth of information gathered by sensors from these processes can be used to enhance product quality and operational efficiency.
The market for sensors and sensing technology is fueled by the rapid advancements made in microelectromechanical systems (MEMS) and nanoelectromechanical systems (NEMS) technologies, cutting-edge research to develop smart and intelligent sensor systems for various novel applications, and the soaring popularity of wearables and wireless electronic devices. With wireless communication links and embedded microprocessors, smart sensors have the potential to fundamentally transform the monitoring, control, and maintenance of civil infrastructure systems.
Persistence Market Research finds solutions for the various challenges facing our clients while exploring the major trends in sensing technology that will drive their businesses. Our sharp industry insights and advanced analytics offer clients unrivaled guidance in this booming industry.
Three-dimensional (3D) virtual reality may have started with gaming, but the technology is on its way to transforming the way we interact and work with each other. Whether it is Google’s Cardboard SDK, Oculus VR’s the Oculus Rift, HTC and Valve Corporation’s HTC Vive, or Samsung Electronics’ Samsung Gear VR,companies today have been thinking big and out of the box to deliver users the most immersive and engaging visual and audio experience. No longer restricted to the world of films and gaming, 3D virtuality is extending its capabilities to the healthcare, media and entertainment, and commerce and retail sectors.Using cutting-edge 3D virtuality technology, medical schools are seeking to capture the attention of a generation of students raised on smartphones. Virtual music concertswith 360-degree video and 3D audio have been breaking the confines of space and screen.
The unending possibilities that 3D virtuality brings to today’s digital and connected world can be monetized with the strategic guidance of Persistence Market Research.
Drones and Robotics
The idea of Amazon delivering products using unmanned aerial vehicles or drones is not as far-fetched as it would have seemed just a few years ago. With Prime Air, the e-commerce giant promises to provide rapid parcel delivery in the near future, taking advantage of automation technology and the highlyadvanced sense-and-avoid technology. Fitted with an altitude sensor and GPS, drones can be used for several military and civilian applications, including search and rescue operations, delivering medical supplies to inaccessible areas, filmmaking, and weather and traffic monitoring.
Robots, too, have immense potential in the manufacturing sector, as patient simulators and for surgical procedures, in the foodtech field, or even performing routine tasks around the house. Critics, however, focus on drones and robots being potential “job-killers” owing to the fact that both these technologies are likely to radically alter the very structure of the daily life of a human.
The future opportunities and probable risks associated with drones and robots have been explored by Persistence Market Research’s team of dedicated and analytical experts, delivering to clients verifiableand competitive insights.
As computing stepped out of the office and into homes and onto the streets, so did display technologies. Evolving from the distorted images of the 1950s television to today’s impressive and flexible smartphone and television screens, display technology has come a long way and become a ubiquitous part of our day-to-day lives. Organic light-emitting diodes (OLED), active-matrix LED (AMOLED), holographic display, virtual retinal display, 3D screens, tactile/haptic touchscreens, higher pixel density, glasses-free 3D, and foldable and bendy displays are some of the latest and most promising display technologies giving consumers a stunning visual experience.
Large investments into research and development and the prolific usage of smartphones and other connected mobile devices have greatly impacted the growth of display technologies. The rapid evolution of augmented reality (AR) and virtual reality (VR) has also allowed display technologies to go way beyond their traditional capabilities.
Identifying market opportunities and innovations are Persistence Market Research’s proficient consultants. The market influencers, competitive trends, and consumer needs highlighted by our industry expertscan guide clients on their business journey – from start to finish.
Circuits and Chips
Integrated circuits, silicon chips, and microprocessors have always formed the keystone of electronics and continue to develop and enable today’s high-speed computers and mobile devices. Every consumer electronics company has been pushing to benefit from the several features of circuits and chips, including reduced weight, small size, high reliability, reduced cost, easy replacement, and low power requirement. Conceptually, the applications of circuits and chips can go as far as the innovation and imagination of the designers, yet they are still somewhat restrained by the limitationspertaining to miniaturization and issues such as heat dissipation versus compression of chip sizes.
The proliferation of smartphones is a key driving force for the integrated circuit market, where increasing competition and developments in smartphone design and technology as well as in integrated circuits have inspired market players to expand their capabilities in this field. The introduction of wearable electronics, smart textiles, and the advances in chip-building using 3D printing also serve as strong growth opportunities.
Persistence Market Research’s team of technology analystsoffer clients a clear and concise perspective on the significant dynamics that have been shaping the semiconductors, consumer electronics, and integrated circuits markets.
Semiconductor Material, Technologies, and Devices
Semiconductor materials, technologies, and devices follow the same principle: faster, smaller, and cheaper. The production process of semiconductors has undergone two key changes in recent years; the development of new technologies that lowers the cost of production per unit, and the outsourcing of the production processes by semiconductor companies to others in the industry.
The influx of increasingly specialized chip designers and testers, the growing need of consumers to upgrade their electronic and computing devices, and the establishment of state-of-the-art design and production facilities across the globe have significantly boosted the market for semiconductor materials, technologies, and devices. This industry has been witnessing steady growth in terms of productivity, performance, and cost-effectiveness. However, steep price declines have adversely impacted the industry’s financial returns.
The industry and business insights provided by Persistence Market Research are designed to empower clients to expand their business capabilities and emerge as a powerful adversary in this immensely challenging field.
A high return and product abandonment rate are just a few problems the wearables industry was met with during its first wave. Add to this, high entry-level price points, issues with accuracy, and rigid form factors. Today, however, wearable technology has a ubiquitous presence across the globe, permeating several industries, including fashion, sports and fitness, business operations, medical and wellness, security, and communication. While the heavyweights like Apple, Nike, Fitbit, Pebble, Samsung, and Google have been making tremendous headway in integrating wearables in our daily routines, smaller companies and startups have also been showcasing great innovation in this space. Companies have been focused on providing customized, comfortable, easy-to-use, aesthetically appealing, efficient, and seamless wearables to consumers on the go.
The future of wearable technology appears to be rather strong and Persistence Market Research aims to make its clients an integral part of the industry landscape in the years to come.
Smart MedTech and Home
Medical device companies, healthcare companies, and technology companies are among the array of new and established firms capitalizing on emerging technologies in healthcare solutions, including sensors, artificial intelligence, mhealth, bioinformatics, data analytics, and advanced software. Smart, connected medical devices result in better patient outcomes and improved healthcare decision-making, apart from the highly efficient diagnosis, monitoring, and treatment of patient conditions.
The arrival of the smart home brings with it a plethora of promising gadgets that strive to make things and life easier and smarter. Right from smoke detectors that send out alerts to your phone, light fixtures that can be turned on and off using a mobile app, and thermostats that adjust the temperature of the house automatically to smart electricity switches that make anything hooked up to them internet-enabled, internet-connected kettles, and smart home-security systems – a remote-controlled home is no longer a futuristic fantasy.
Companies have realized the technological and economic feasibility of smart, connected home appliances and medical devices and Persistence Market Research helps these companies capitalize on the driving factors that shape the smart home and medtech markets.
Integrated photonics has been identified as the key force driving the next-generation semiconductor business. Leading companies have been developing state-of-the-art,smart devices that integrate numerous functions onto a single chip and these devices find application in the growing fields of biomedicine, fiber-optic communication, and photonic computing, among others. Recent developments have shown that integrated photonics is fast emerging as the go-to development platform for several future applications.This technology has the potential to shift the focus from traditional optical systems to next-gen instrumentation, while still providing the same, if not more, advantages such as lesser weight, smaller size, and lower costs and power consumption.Fiber-optic sensing, optical coherence tomography, and optical communications, sensing, and metrology are some of the rapidly growing application fields for integrated photonics.
Persistence Market Research helps integrated photonics companies achieve their dream of developing technologies and devices that offer energy efficiency, greater speed, and the potential for miniaturization.
Wireless Sensor Networks (WSN)
Wireless sensor networks (WSN) were originally designed to aid in military operations but their applications have been extended to traffic, health, food and beverage, supply chain, materials handling, and several industrial and consumer areas since. The development of newer wireless protocols and cloud connectivity have enabled the deployment of wireless sensor networks in these diverse applications.
End users have been employing WSN for real-time data collection, monitoring, and analysis in factory automation and for less critical functions such as monitoring production quality and flow. Wireless sensor networks continue to remain unutilized for control functions with security and reliability being key user concerns. The currently limited bandwidth, the lack of convergence, the need for investment in terms of money and time, and proprietary wireless network standards are some of the other challenges faced by those involved in the WSN market.
Persistence Market Research aids clients in identifying diverse market needs, impediments, and opportunities within this highly dynamic and technologically advanced industry.