Global Wearable Technology Market is Expected to Reach USD 5.8 Billion in 2018: Transparency Market Research

Wearable Technology MarketAccording to a new market report published by Transparency Market Research “Wearable Technology Market – Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012- 2018” the global wearable technology market stood at USD 750.0 million in 2012 and is expected to reach USD 5.8 billion in 2018, at a CAGR of 40.8% from 2012 to 2018. North America is expected to maintain its lead position at 43.0% of the global wearable technology revenue share in 2018 followed by Europe.

Browse the full report with TOC: http://www.transparencymarketresearch.com/wearable-technology.html

Wearable technology market is in early stage of evolution with growing adoption in various end-use segments such as fitness and wellness, healthcare and medical, industrial and military and infotainment sectors. Wearable fitness and wellness products include smart clothing, activity monitors, sleep sensors and others; whereas the infotainment segment includes smart watches, smart glasses and heads-up displays among others. On the other hand, products like continuous glucose monitors (CGM), drug delivery, and wearable patches are being predominantly used in healthcare and medical sector. Hand worn terminals, heads-up displays and other such products are being used in the industrial and military settings.

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Among all the wearable technology end use segments, the healthcare and medical segment held the largest revenue share followed by fitness and wellness in 2012. However, in 2018, the infotainment segment is expected to surpass the fitness and wellness segment driven by robust growth of smart watches and smart glasses. The healthcare and medical segment accounted for about 35.1% of the overall wearable technology market in 2012 primarily due to the rising aging population and increase in diabetic population.

Wearable technology is driven by factors like compactness, portability and easy use along with the multi-functionality and increasing applications of these products in various sectors. The increasing adoption of such technically advanced products among youth coupled with increasing demand for real time and actionable data will also fuel the growth of the wearable technology market. However, factors including high price and lack of consumer awareness are expected to hinder the market growth.

North America led the wearable technology market growth with high adoption rate and better consumer awareness in the region. The North America region contributed over 2/5th of the global wearable technology market revenue and will consolidate its lead position during the forecast period. Europe and Asia Pacific region will collectively account for about 49% of the market revenue by 2018.

Browse full PDF with TOC: Wearable Technology Market – Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2012 – 2018

The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the global wearable technology market as below:

Wearable technology market segmentation

  • Fitness and Wellness
  • Smart clothing and smart sports glasses
  • Activity monitors
  • Sleep sensors
  • Others
  • Infotainment
  • Smart watches
  • Augmented reality headsets
  • Smart glasses
  • Others
  • Healthcare and Medical
  • Continuous Glucose Monitor
  • Drug delivery
  • Monitors
  • Wearable patches
  • Others
  • Industrial and Military
  • Hand worn terminals
  • Augmented reality headsets

The geographies covered in this report include

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW).
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Radiation Cured Products Market is Expected to Reach USD 7.93 Billionby 2019: Transparency Market Research

Chemical and MaterialsTransparency Market Research has released a new market report titled “Radiation Cured Products (Coatings, Inks, and Adhesives) Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” which observes that the RCP demand in 2012 was worth USD 4.93 billion and is expected to reach USD 7.93 billionby 2019, growing at a CAGR of 7.0% from 2013to 2019. In terms of volume, the demand for RCPwas 393.6 kilo tons in 2012.

See Global Radiation Cured Products Market Report with Full TOC: http://www.transparencymarketresearch.com/radiation-cured-products.html

Radiation cured products (RCP) are obtained after the process of radiation curing.The radiation curing process is instantaneous and requires very less time as compared to the conventional thermal curing process, hence it is used for a wide range of applications. Global demand of RCP is mainly driven by the environmental compliance of this technology and the increase in the infrastructure activities that have led to a rise in demand for wood coatings. These factors are expected to remain the major driving force for the RCP market. Volatile raw material prices are expected to be a key challenge for market participants.

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Radiation cured coatings were the predominant RCP product segment in terms of volume, accounting for over 77% of total demand in 2012.The various advantages comprised by this technology are instant curing, low energy consumption, higher productivity, low to none volatile organic compound (VOC) content, and reduction in waste among others. The instant curing time of radcure coatings provide excellent benefits to the manufacturing industries such as higher throughput, reduced floor space and lower energy requirements as compared to the heat cured products. The prime focus of the usage of coatings is on wood, plastic, metal, glass, and paper. These properties are anticipated to be the key driving factors of RCP coatings for the next few years.

Asia Pacific accounted for about 40% of the total Radiation Cured Products Market in 2012, followed by Europe and North America. Asia Pacific is also expected to be the fastest growing regional market in terms of both RCP consumption and production. This can be attributed to the growing economies in this region. Skilled labor, cheap availability of raw materials, equipment, and land has resulted in AsiaPacific emerging as a key destination for RCP producers. In the past few years,various manufacturers have concentrated on capacity expansion in Asia Pacific to increase their production capacities. Europe is the other major region where RCP consumption was very strong and the demand for RCP products in this region is expected to grow with a CAGR of about 4.9% in terms of revenue from 2013 and 2019.

Ashland Inc., BASF SE, Bayer Material Science, Cytech Industries and DIC Corporation are some of the major participants in the RCP industry.

Browse full PDF with TOC: Radiation Cured Products Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

Some of the leading manufacturers profiled in this report include Ashland Inc., BASF SE, Bayer MaterialScience, Cytech Industries, and DIC Corporation among others.These companies are profiled in detail covering features such as company overview, financial overview, business strategies, SWOT analysis, and recent developments.

Radiation Cured Product Market – Product Segment Analysis

  • Coatings
  • Inks
  • Adhesives

Radiation Cured Product Market – Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)