Alpha Olefin Market Size Is Expected To Reach 5.16 Million Tons By 2020
Industry Overview
Global Alpha Olefin Market size is expected to reach 5.16 million tons by 2020, growing at a CAGR of 4.4% from 2014 to 2020.
Polyethylene is expected to witness a surge in demand on account of its easy processability, versatility, recyclability, and low cost. The increase in polyethylene demand for plastic production is expected to drive alpha olefin market growth. These olefins are primarily used as feedstock for manufacturing LLDPE and HDPE. Strong packaged food products demand, particularly in Asia Pacific, is expected to drive LLDPE market.
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Global polyethylene demand was 81,914.88 kilotons in 2013 and is expected to exceed 106,742.46 kilotons by 2020, at a growth rate of 4.0%. Polyethylene market growth is expected to be fuelled by world economic growth. Increasing population coupled with polyethylene’s application versatility is further expected to drive the polyethylene market over the forecast period.
Growing protective films usage in agriculture to reduce soil erosion and increase protection against UV rays is also anticipated to fuel demand. Growing poly-alpha-olefin demand for synthetic lubricants in order to reduce engine wear & tear is expected to drive market growth.
Increasing oilfield exploration & drilling activities is anticipated to drive demand. It is being developed as synthetic based oil drilling fluid which is likely to help address environmental concerns associated with diesel based oil based mud.
Volatile prices of key raw materials such as ethylene are likely to affect the profitability of industry participants. Increasing government regulations regarding polyethylene usage coupled with the release of greenhouse gasses (GNG) is likely to challenge the industry. Investments in research to develop bio-based alpha olefin are likely to reduce dependability on petrochemical based raw materials and curb GNG.
Product Overview
1-hexene was the dominant product segment in alpha olefins market and was valued at over USD 1.8 billion in 2013. 1-hexene is also likely to witness highest gains over the forecast period owing to its increasing use as a comonomer for manufacturing LLDPE and HDPE polymers.
1-octene accounted for more than 21% of the total demand in 2013 and is anticipated to witness moderate growth rates of CAGR over 4.1% up to 2020. The growth of application segments such as plasticizers, cosmetics, and adhesives are likely to drive 1-octene demand.
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Application Overview
Polyethylene application witnessed the highest alpha olefin consumption over the past few years and witnessed a revenue generation of over USD 4.3 billion in 2013. This application is expected to witness significant growth rates over the next six years. Increasing demand from automotive, packaging and consumer goods industry owing to increasing population is expected to drive market growth.
Detergent alcohol applications were the second largest and accounted for more than 10% of the total volume in 2013. This application is anticipated to witness moderate gains at CAGR over 3.2% up to 2020. The growth of detergent and personal care industry is expected to drive alpha olefin demand for detergent alcohol.
Regional Overview
North America alpha olefin market was the leading region with an estimated revenue generation of over USD 3.3 billion in 2013. The growth of oilfield drilling activities in U.S. coupled with the capacity expansion of key industry participants in the region is expected to drive the regional growth. Increasing oil exploration along the Gulf of Mexico is anticipated to further drive regional demand.
Asia Pacific alpha olefin market demand is expected to exceed 900 kilotons by 2020, while Europe is expected to witness annual gains of 2.6% up to 2020.
Competitive Market Share
The global alpha olefin market share is moderately concentrated with top four companies accounting for over 60% of the total demand in 2013. Key market players are concentrated within the U.S. and Middle East regions due to the easy and ample availability of petrochemical products and NGLs in these regions.
Shell Chemicals Ltd. was the leading alpha olefins producer and accounted for over 25% of the market share in 2013. Other Key companies include Chevron Philips, Sasol, Nizhnekamskneftekhim, Ineos Oligomers, Evonik, ExxonMobil, Linde AG, Saudi Basic Industries Corp, Mitsubishi Chemical and Qatar chemical.
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Automotive ECU Market Size is Anticipated To Surpass USD 45 Billion By 2020
Industry Overview
Global automotive ECU market size is anticipated to surpass USD 45 billion by 2020, growing at 6% over the forecast period. Mounting deployment in infotainment systems coupled with increasing ECU implementation in electric vehicles is expected to drive demand growth over the next six years.
Telematics systems and connected navigation systems require a growing amount of embedded software in order to manage an increasing number of services such as better HMI technologies, communication management, and website access. For instance, BMW’s ConnectedDrive provides various applications for download to the iDrive multimedia system. It avoids new systems and hardware development, hence expanding the opportunity of the existing infotainment system.
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It offers security and safety by predictive and remote diagnostics, active driver assistance systems, tracking, remote failure diagnostics, and access control. These aspects might extensively contribute to the automotive ECU market growth. China region was valued at for USD 5 billion in 2013 and is expected to exceed over USD 8 billion by 2020, growing at a CAGR of over 8%.
Increasing electric vehicles owing to growing awareness of energy efficiency vehicles is driving the global demand. Environmental trends have a tremendous impact on the powertrain domain with increasing ECU implementation in electric vehicles. Growing electronic components will provide an improvement in emissions and fuel efficiency. Increasing awareness towards green technologies including eco-driver assist systems has assured a major role in many drive-assist products and has become prominent in the automotive industry. Rising adoption rate of EVs is expected to help reduce CO2 emissions from transportation and dependence on fossil fuels, which in turn is expected to impact the industry favorably.
High complexities in the system owing to increasing functionality in order to control the communication options are expected to obstruct industry growth over the forecast period. Several complexities include hardware/software and tolerance stackup. The prioritization of development between software and hardware architectures within the ECU is one of the major challenges faced by Tier 1 suppliers and manufacturers. Low-flexibility for re-design during development has increased the complexity of MCUs per ECU.
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Application Overview
Safety systems were the leading automotive ECU market application and were valued over USD 8 billion in 2013. It is anticipated to observe significant gains, with a forecast of USD 13 billion at a CAGR of 6% from 2014 to 2020. It majorly includes airbags, tire pressure monitoring systems (tpms), keyless entry systems, anti-theft systems and pre-crash safety systems. Air bags protect the faces and chests of drivers and passengers. It receives data from sensors (high-G accelerometers) and transmits the appropriate response to the inflator.
Chassis electronics hold the second largest share in the industry, growing at a CAGR of 5% over the forecast period. Increasing consumer demand for comfort features and convenience is expected to spur the demand.
Regional Overview
In 2013, Asia Pacific automotive ECU market was valued over USD 12 billion and is expected to reach 19 billion by 2020 at a CAGR of 7%. This can be attributed to mounting safety installations for each electric vehicle with standards namely China V for light-duty electric vehicles. North America holds 20% industry share in 2013 and expected to grow at a CAGR of over 6% during the next six years. Demand in this region may vary due to diminishing high adaptation to new technologies.
Europe automotive ECU market is expected to gain significant industry share by 2020. The region is expected to attain USD 13 billion by 2020, at a CAGR of over 7.1% during the forecast period from 2014 to 2020. Europe holds a strong position in the industry due to its leading position in the development and production of luxury cars. Companies such as BMW are especially important in feature innovation and in forging software standardizations that will provide many future advantages. Upcoming technology innovations and technology disruptions will be a key force that will allow it to sustain its strong presence in the automotive market.
Competitive Market Share
Global automotive ECU market share includes participants such as Autoliv, Continental AG, Bosch, Delphi, Hitachi Automotive, TRW Automotive and Denso. Semiconductor suppliers include Infineon, ST Micro, Renesas, and NXP. In 2009, STMicroelectronics estimated that the average cost of semiconductor vehicle in a typical engine control ECU of a fuel based vehicle ECU is about USD 40 per unit.
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Fingerprint Access Control Systems Market Size Is Expected To Reach USD 4.4 Billion By 2022
Industry Overview
Global fingerprint access control systems market size is expected to reach USD 4.4 billion by 2022, growing at a CAGR of over 7% from 2015 to 2022. Escalating safety and security threats is anticipated to drive industry growth. Fingerprint authentication offers a reliable solution to enhance access control thus, assists to mitigate security breaches as well as transaction frauds.
The global smartphone industry was valued at USD 2.5 billion in 2013. It is expected to reach USD 4.4 billion by 2022, growing at a CAGR of 7% over the coming years. The emergence of multi-functional and cost-effective smartphones is expected to fuel growth. Huge demand from Asia Pacific is estimated to drive fingerprint access control systems market demand.
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The highly competitive business environment is likely to boost confidentiality needs for organizational data and information. Biometric systems market is anticipated to witness significant growth owing to the incapability of password and security PINs to safeguard the data. This safety equipment is increasingly implemented for home fortification. Government around the globe is now taking stringent initiatives for biometric enrolment of their citizens. The advent of projects such as national identification programs, e-passports and border control are expected to drive industry growth. This measure can be attributed to secure borders, prosecute criminals, verify immigration or employment and combat identity fraud or terrorism.
Implementation of this system requires huge capital investment. Apart from installation cost, it also involves allied expenses such as enrolling users, administering the system and training expenditures. However, theft or misuse of data is likely to pose a serious risk to the individual’s security. The fingerprint access control system market is expanding its roots into commercial, government as well as healthcare sectors. Its high penetration rate is projected to pose potential opportunities to the industry demand.
Product Overview
Capacitive products accounted for over 27% of the overall industry share in 2014. It is anticipated to exceed over USD 1.3 billion by 2022 owing to its low cost as well as compact size. Optical products were valued over USD 900 million in 2014. It is estimated to grow at a CAGR of over 7% from 2015 to 2022. The growth can be attributed to high image quality robust long life of the system.
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Application Overview
The commercial application was the leading segment, valued over USD 850 million in 2014. It is expected to exceed USD 1.4 billion by 2022, growing at a CAGR of 6.5% over the forecast period. The surge can be addressed to rising safety as well as security demands in various organizations. Consumer electronics accounted for over 4.5% of the overall market share. The growth can be accredited to rapid growing need for access control features in tablets & smartphones.
Regional Overview
North America fingerprint access control systems market was sized over USD 850 million in 2014. It is projected to accumulate more than 30% of the overall industry share by 2022. Regional growth can be attributed to the flourishing biometric application in healthcare as well as consumer electronics industries.
Asia Pacific fingerprint access control systems market is expected to witness considerable growth owing to increasing government initiatives in the region. It is likely to grow at a CAGR of over 7.5% from 2015 to 2022.
Competitive Market Share
The global fingerprint access control systems market share is highly consolidated by top three companies. 3M Cogent, Safran Group, and NEC Corporation are estimated to account for more than 70% of the overall industry share in U.S. Other key players in U.S industry include Suprema, HID Global (Assa Abloy), Cross Match, Fingerprint Cards (FPC), Aware Inc, SecuGen, Daon Inc and Anviz Global among others.
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Data Center UPS Market Size Is Expected To Exceed Over USD 5.7 Billion By 2020
Industry Overview
Global data center UPS market size is expected to exceed over USD 5.7 billion by 2020, growing at 7.3% from 2014 to 2020. Diminishing tolerance limits pertaining to data loss coupled with increased adoption of cloud computing is anticipated to drive demand growth over the coming years. Power outages can prove to be costly irrespective of their duration; even short outages cause a considerable amount of damage.
It is supposed that the U.S. economy loses up to USD 550 billion annually due to power outages and other disturbances. Large data centers were valued USD 500 million in 2014 and is likely to attain over USD 850 million by 2020, growing at CAGR of 7% over next few years. The industry has been substantially boosted by the eager acceptance of cloud servers, which pack more power into smaller spaces.
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To address growing demand for cloud computing, data center UPS manufacturers have geared up to provide models with higher efficiency, lower total cost of ownership, and invest in developing the reliable technology. In several developing countries, power outages are a regular phenomenon, which makes installations a necessity in data centers to ensure smooth functioning of equipment.
The slowdown in semiconductor sector is expected to obstruct data center UPS market growth over the coming years. Several U.S. based semiconductor makers with the global presence have voiced concerns of a broad-based slowdown in markets including network equipment in regions ranging from Asia to Europe. The weakness is centered in China, which serves as an electronics hub for many finished products to be shipped worldwide.
Product Overview
Small data center leads the industry and accounted close to 55% of the total share in 2014, with gains estimated at over 6% during the forecast period. Increasing usage in application areas such as server rooms, factory floors, enterprise data centers, industrial environments, medical imaging and localized & mid-tier data centers has spurred the global demand.
Medium data centers are expected to observe high growth owing to mounting usage in diverse areas including cable handling stations, universities, hospitals, government and commercial organizations.
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Regional Overview
North America data center UPS market was valued over USD 1.3 billion in 2014. It is expected to reach USD 1.9 billion by 2020 at a CAGR of over 6% during the forecast period. Increasing demand for insurance, financial services, and healthcare sectors have spurred the demand growth in this region. Asia Pacific was anticipated to reach USD 1.7 billion by 2020, with gains estimated of over 8% from 2014 to 2020. Rising acceptance of computing services to optimize the assets is predicted to spur the demand in this region over the next few years.
Europe was valued over USD 1.1 billion in 2014 and is likely to attain USD 1.6 billion by 2020. Growing demand for reliable power in data centers is expected to be the key driving force for the regional industry over the next six years.
Competitive Market Share
The global data center UPS market share is moderately competitive, with the top three major players accounted for more than 50% of the total industry share in 2013. Eaton accounted for approximately 28% share and have a strong presence in the data center UPS industry. They address customer needs through innovative standby power solutions that run in parallel with current industry trends. Other key companies include Emerson, ABB Ltd, Ametek Inc., Delta Electronics Inc, General Electric Co., Mitsubishi Electric, Schneider Electric S.A. and Siemens among others.
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Automated Test Equipment (ATE) Market Size Is Expected To Reach USD 4,476.2 Million By 2020
Industry Overview
Global Automated Test Equipment (ATE) market size is expected to reach USD 4,476.2 million by 2020, growing at a CAGR of 2.5% from 2014 to 2020. Increasing design complexity coupled with need for effective testing is expected to drive demand growth over the next six years. It offers more features and amplified device integration. Increasing consumer demand for improved functionality, bandwidth, and performance designing are factors responsible for the industry growth. In addition, manufacturers are adopting high-level product differentiation that invariably demands high complexity in ATE designs.
Increasing need for optimizing power management in order to ensure longer battery life for consumer electronic devices is expected to fuel ATE market growth over the forecast period. The expansion of smartphones, tablets and system-on-chip (SoC) based products is generating demand for greater functionality. Smartphone proliferation has also been instrumental in escalating the demand for semiconductors, which has further fostered automated test equipment market.
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Key test point techniques analyzed and reported in this automated test equipment market report include wafer probing, burn-in and final test. Wafer probing is expected to lose share over the forecast period. It accounted for over 39% of the overall share in 2013. This can be attributed to the miniaturization of semiconductor devices and significant cost-benefits associated. Final test accounted for over 33% of the overall share in 2013.
Strong need for effective testing is expected to spur demand over the forecast period from 2014 to 2020. The benefits offered by semiconductor testing include reduced-cost, miniaturization of components, improved flexibility, modularity, technical capability and reliability. Besides this, high-level integration including RF and wireless technology and rapid product development are the new norms driving the demand for effective testing solutions. In addition, technological proliferation, increasing consumer demand for improved product functionality and the need to gain competitive advantage have bolstered the need for effective testing solutions.
Dependency on semiconductor chips is expected to pose a challenge to the growth of ATE market. The fluctuations in demand for semiconductor chips has led to a gap in the demand and supply, thus industry participants experience volatile revenue that adversely affects their profitability. For instance, in 2011, reduction in production of electronic products owing to natural disasters such as the floods in Thailand and the Great East Japan Earthquake has resulted in significant losses for industry participants.
Product Overview
Non-memory was the leading ATE market product segment and was valued over USD 2,000.0 million in 2013. This can be attributed to the expansion of consumer electronics, increasing automotive demand and growing number of microcontroller-based applications.
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Memory was the second largest product segment and was valued over USD 800.0 million in 2013, growing at a rate of over 1% from 2014 to 2020. The cyclical variations in growth rates than non-memory semiconductors have resulted in gaining popularity among various applications. Discrete is fastest growing product segment and expected to reach over USD 120.0 million by 2020.
Application Overview
IT & telecommunication industry is the highest revenue generator application segment. It was valued over USD 1,500.0 million in 2013 and expected to reach over USD 2,000.0 million by 2020. ATE enables Telecom Equipment Manufacturers (TEMs) in ensuring consistent quality for their products, and Communication Service Providers (CSPs) to enhance their network in order to support new technologies.
Consumer electronics sector is the second largest application segment and was valued over USD 1,000.0 million in 2013, growing at a CAGR of over 3% from 2014 to 2020. Increasing popularity of consumer devices such as tablets, smartphones and computers is expected to be the key growth driver. Defense sector is the fastest growing application sector and expected to reach over USD 170.0 million by 2020.
Regional Overview
Asia Pacific automated test equipment market dominated demand with valuation of over USD 2,000.0 million in 2013, growing at a CAGR of over 2% from 2014 to 2020. This can be attributed to a large number of semiconductor industries in the region. In addition, innovations in technology and changing customer needs have also contributed positively towards the regional growth.
North America was the second largest regional industry and accounted for over 15% of the total demand share in 2013. Heavy investment in innovation for defense applications, along with developments in the telecommunication sector is expected to drive the region over the forecast period.
Competitive Market Share
The global automated test equipment market share is highly consolidated, with the top three companies accounting for over 80% of the total share in 2013.
Teradyne Inc. emerged as the leading company in the global industry and accounted for over 40% of the total consumption in 2013. Rest of the companies such as Advantest Corporation, LTX-Credence Corporation, Yokogawa, Aeroflex Inc., Advint LLC, Anritsu Co., Cal-Bay Systems and National Instruments Corp. among others accounted for approximately 60% of the industry share in 2013.
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