Market Report

Among the several types of biometric technology, fingerprint type biometrics was dominant and generated a revenue of $4739 million in 2017 and expected to rise at a CAGR of 22.3% during 2018-2023. The consumer electronics dominated the global biometrics applications section and is projected to rise at a CAGR of 22% during the forecast period 2018-2023. Several technological advancements related to security in smartphones and increased adoption of biometrics in government applications is set to hike the market. Among the regions, North America and Europe are leading the Biometrics market . What is Biometrics? The identity of a persons based on certain physical or behavioral characteristics is recognized and authenticated by the biometric process. A person can be uniquely identified by evaluating one or more distinguishing biological traits through biometric verification. The uniqueness of a person can be identified from different types of biometric technologies such as fingerprints, sig

Global RTLS Market Overview Real Time Location Systems (RTLS) are opted to track the location of objects, assets, or individuals in real time monitoring. This is done by embedding tags to the object being tracked. The signals sent by the tags are received by fixed receivers or readers to identify the location. The Global RTLS Market is estimated to grow at a CAGR of 14.7% during the forecast period 2018–2024. APAC is projected to be the fastest growing market with a CAGR of 17.5%, which can be attributed to the increasing adoption fuelled by the drop in the prices of the RTLS systems lately. Global RTLS Market Outlook RTLS is typically designed so as to improve the operational processes, workflows, safety, security, inventory management, or a combination of all of these. Application of real-time tracking system for detecting live location of any object or person has proven to be of great assistance in diverse industries such as manufacturing, logistics, healthcare, defense, and so on.

Polyvinyl chloride (PVC) resins   are produced by a process called polymerization of vinyl chloride and finally blending them with additives. PVC is the most extensively used thermoplastic after polyethylene and polypropylene. PVC resins based products exhibits strong impact strength and stiffness. These products are stable at ambient temperatures, durable, chemically resistive and have non-flammability character. Owing to these excellent features, the end user products of PVC are applicable in construction, food, pharmaceutical, chemical and various other industries. PVC resins also have application in consumer goods and furniture industry wherein they are utilized for manufacturing of raincoats, shoe soles, conveyor belting and other household products. These products are abundantly demanded in construction industry for pipes and fittings, cable insulation, door & vent seals, office furniture and many others.   PVC pipes has been used in various fields; especially for producing w

Smart Homes Market Overview: Expanding human population is inversely proportional to the amount of natural resources present on earth. The world’s non-renewable energy resources are depleting, while demand for power is increasing. As per United States Energy Information Administration, global energy requirement is expected to rise by 28% by the year 2040. This statistic is alarming in accordance with the ever-increasing human population that is consuming energy at an extraordinary rate owing to technological advancement. In a region like Asia where automotive and electronics industries have taken center stage, countries including India and China account for more than 60% of the expected 28% increase in global energy requirement.  Smart technological systems, thus, have become the need of the hour. Key players in the renewable resources market, and government officials around the world have exhorted all kinds of industries to come up with sustainable technological systems that conserve

Biopolymers Market Overview: As per a report by IndustryARC on the global polymers market, its size in 2018 was evaluated to be staggering $666.6 billion in the year 2018. This market is foreseen to experience a noticeable growth with a compound annual growth rate (CAGR) of 5.1%. The global polymers market is getting majorly disrupted by biopolymers- one of the world’s most organic compounds. The categorization of biopolymers is largely dependent on its end-user industry. This market enjoys a varied number of end-users including some promising ones such as pharmaceutical, healthcare, and food and beverage industry. In the medical industry, biodegradable polyesters are extremely useful in manufacturing surgical implants. And in the food and beverage industry, biopolymers are primarily used for manufacturing cellophane sheets that are massively utilized for food packaging. In the year 2018, the global biopolymer market experienced noticeable growth, which is why its evaluated size was a

Wood Coatings Market Overview: According to the Department of Economic And Social Affairs of United Nations, 55% of the world population currently resides in an urban landscape. By the year 2050, this share is expected to increase to 68%, which means additional 2.5 billion people moving to urban areas.  With rising urbanization and expanding population, the demand for houses and subsequently furniture is increasing. Since more people have access to a higher disposable income in the current scenario, leading a better lifestyle has become a top priority. People are not hesitating to spend in furnishing their apartments which is advantageous for the wood coatings market as its demand continues to experience a constant rise. Exterior wood coatings are of undeniable use in the furniture industry as they provide finishing and longevity to the products. The furniture industry is highly dependent on it and this application segment will experience a noticeable increase in demand with a compoun