A new Transparency Market Research report states that the global automotive steering systems market stood at US$24.5 bn in 2014 and is expected to reach US$39.1 bn by 2021. It is expected to expand at a CAGR of 6.20% from 2015 to 2021. The title of the report is “Automotive Steering Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”.

As per the report, the market for automotive steering systems is majorly fuelled by the rising demand from the automotive sector in developing markets and the growing demand for fuel-efficient vehicles. In addition, factors such as the rising vehicle production globally and the growing demand for easy vehicle maneuverability have also resulted in the growth of the companies operating in the market for automotive steering systems. Furthermore, the soaring prices of fuel have resulted in a growing demand for fuel-efficient vehicles from consumers, thus augmenting the demand for hydraulic power steering as well as electro-hydraulic power steering systems. This is further having a positive impact on the market for automotive steering systems. On the other hand, factors such as the requirement for huge capital investments for carrying on research and development activities in automotive steering systems may reduce their demand in forthcoming years.

The report segments the market on the basis of vehicle type, type of steering, and geography.On the basis of vehicle type, the automotive steering systems market is segmented into light commercial vehicles (LCV), heavy commercial vehicles (HCV), and passenger vehicles. Out of these, the passenger vehicle segment is fuelled by their rising demand in the developing economies of India, Japan, and China. In terms of types of steering, the market is segmented into hydraulic power steering, electro-hydraulic power steering, and electronic power steering. Electronic power steering is much easier to operate and offers enhanced mileage in comparison to the segment of hydraulic power steering. However, the segment of electro-hydraulic power steering is poised to witness the highest demand owing to the presence of the favorable qualities of both electronic power steering and hydraulic power steering in this segment.

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On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, on the basis of revenue, the Europe market led the market in 2014 and was trailed by North America. However, the automotive steering systems markets in these two regions will witness slow growth in the forecast horizon owing to impending market maturity here.

The Top Players operating in the market are Mitsubishi Electric Corporation (Japan), ZF Friedrichshafen Manufacturing Company (Germany), Hyundai Mobis Co. Ltd (South Korea), TRW Automotive Holdings (U.S.), Sona Koyo Steering Systems Ltd (India), JTEKT Corporation (Japan), Robert Bosch Automotive Steering GmbH (Germany), Nexteer Automotive (U.S.), China Automotive Systems Inc. (China), and ThyssenKrupp Presta AG Aktiengesellschaft (U.S.), among others, as per this research report.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Whiplash Protection System (WPS) Market - Industry Analysis, Growth, Trends Forecast 2020

Whiplash protection system (WPS) is incorporated in the backrest of front seat, to protect front seat occupant’s neck from any whiplash injury in case of a rear collision. In whiplash protection system (WPS), the entire backrest of the seat is designed to protect the neck of driver from colliding back on the headrest. The whiplash protection system is designed in such a way that the backrest moves along with the occupant while the headrest stays rigid to support the neck. Thus, the entire mechanism ensures that the back of the occupant doesn’t move far away from the backrest when a rear collision occurs. Whiplash protection systems absorb energy from the impact of rear collision in order to protect the front seat occupants from sustaining any major injuries. This absorption of energy is done by a virtual pivot placed at the base of the seat and another metal piece inside the backrest. The virtual pivot lets the seat move backwards along with the actual hip joint of the occupant during rear collision in order to absorb the additional energy. The metal piece in the backrest absorbs the excess energy by allowing the headrest to slightly recline forward.

One of the major factors driving the growth of whiplash protection systems market is the rising awareness towards road safety. Increasing number of collision incidents and casualties caused during the same has led to an increased focus and consumer value for safety technologies. Owing to these factors, a shift in the buyer’s preference for safer cars has been witnessed in recent years.

In addition, government initiatives pertaining to the occupant safety in a vehicle and preemptive safety measures have driven the growth of whiplash protection systems market. Other legislations and car safety assessment programs have played a crucial role in the rising awareness and demand for vehicular safety. However, the whiplash protection systems market faces challenges due to the cyclic nature of automotive production and sales. Since the demand of whiplash protection systems has a direct correlation with the demand for safer cars, the whiplash protection systems market can only grow in tandem with the growth of car market. Moreover, the additional costs incurred during the design and testing phase of such systems hinders the growth of whiplash protection systems market. Other challenge faced by the growth of this market is increased prices due to the costs of raw materials and other commodities.

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With the rise in safety awareness, stringent safety norms, technological advancements and affordability, whiplash protection systems prove to be a viable means to provide safety to vehicle occupants. Institutions such as New Car Assessment Program (NCAP) assess and award ratings based on safety performance to new cars, globally, which further increases the awareness and demand for whiplash protection systems. Identifying these opportunities, many manufacturers have invested heavily in designing and testing of such vehicular safety systems.

Some of the Key Players in whiplash protection systems market are Continental AG, Grammer AG and Robert Bosch GmbH in Germany, Lear Corporation and TRW Automotive in U.S., Takata Corporation in Japan, Delphi Automotive Plc in U.K., Autoliv Inc in Sweden and Hyundai Mobis in South Korea.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Crash Barrier Systems Market Segment and Forecast up to 2023, Research Report

Transparency Market Research (TMR), A Market Intelligence And Research Firm, Has Published A Research Study On “Crash Barrier Systems Market”. The increasing road traffic had raised the demand for installation of safety and support systems in vehicles. Steel crash barrier systems provide safety and support for the vehicle moving away from the traffic path to the area outside the lane. Crash barrier system is a protection used to avoid infrastructural damage, surface car park allocation, and approach lane containment where there is risk to the motorist. The cash barrier systems hold and redirect the uncontrolled vehicle, thereby saving the passengers from injury and ensuring safety for both, vehicle and passenger.

Crash barrier systems market is segmented on the basis of type, material property, devices, applications and geography. Based on type, the crash barrier system market can be segmented into movable barrier system and immovable barrier system. Based on the material property, the crash barrier system can be categorized into rigid barrier, semi-rigid, and flexible barrier. Based on the devices, the crash barrier market can be segmented into guardrails energy absorbent terminals (GEAT), crash cushions, water and sand filled plastic barriers, gating and non-gating end treatment, and others (brakemaster, hex-foam sandwich systems, and low-slung maintenance attenuators). Based on the end user applications, the crash barrier market can be segmented into median barriers, bridge barriers, roadside barriers, work zone barriers, and others (pedestrian foot-path barriers, hilly terrains, and racing tracks). Furthermore, on the basis of geography, the crash barrier systems market can be segmented into five major regions which include North America, Asia Pacific, Europe, Middle East & Africa and Latin America.

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Growing awareness towards the adoption of safety measures is one of the factors driving the growth of crash barrier system market, globally. The major companies such as Avon Barrier Corporation Ltd., are focusing on providing additional rigidity to the barrier system for maximizing safety. Increasing investment in infrastructural development such as roads, airports, coupled with the rising automotive industry are some key factors stimulating the growth of crash barrier system market across the globe. Increasing demand for automobiles is resulting in the rising safety concerns to avoid any mishap or fatal accident. Thus, crash barrier system is the safety measure used to prevent the vehicle from going off the lane thereby providing safety for passengers. However, some of the crash barrier systems involves high life-cycle cost due to repair needs after crashes, which is one of the factors inhibiting the growth of crash barrier systems market. Furthermore, high cost severity due to barrier collision is also a restraint associated with crash barrier systems. Although, the rising demand of flexible barrier systems which require low cost of repair after crashes is triggering the growth of crash barrier market, globally.

Some of the Major Players in crash barrier systems market include Lindsay Corporation (U.S.), Tata Steel Limited (India), Avon Barrier Corporation Ltd. (U.K.), Trinity Industries, Inc. (U.S.), Nucor Corporation (U.S.), Valmont Industries, Inc. (U.S.), Transpo Industries, Inc. (U.S.), Arbus Limited (U.K.),NV Bekaert SA (Belgium),Hill & Smith Holdings PLC (U.K.), and among others.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Digital Door Lock Systems Market to Reach US$8.36 bn by 2023, Driven by Proliferation of Managed Security Solutions

According to a new market report published by Transparency Market Research “Digital Door Lock Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the global digital door lock systems market in terms of revenue was valued at US$ 731.9 Mn in 2014 and is forecast to grow at a CAGR of 31.8% during the period 2015 to 2023. Growth of micro, small and medium enterprises (MSMEs) across the world and high industrial activity driving inclusive of commercial segment are the key factors driving the growth of the digital door lock systems market. In addition, enhanced security needs of customers are driving the adoption of security solutions in residential sector and managed security solutions at affordable option is further expected to drive the growth of this market over the forecast period.

In the Keypad locks digital door lock systems market, electromechanical door locks segment was the largest in 2014, accounting for 45.2% of the overall market. The increased demand for electromechanical products signifies with customers looking for total security solutions and flexible door environments with convenient digital and mobile technology. Manufacturers’ products aim at open standards to facilitate integration with the customer's other security and administrative systems.

In terms of end-user, Commercial is the largest segment contributing to the Global Digital Door Lock Systems market. Residential segment is the second largest segment by end-use adoption. Home-based and small to mid-sized businesses are expected to be the target markets expected to drive the digital door lock systems market. Manufacturers that are positioned to benefit include Godrej & Boyce, Assa-Abloy and Weiser Lock, Siemens AG. These companies manufacture digital door locks systems for both home and business that capture different types of biometrics such as fingerprints, palm, and voice and use them to identify residents and personnel to allow entry. The largest, most demanding and dynamic customer segment is institutional and commercial customers. These include corporate workplaces, universities, hospitals, government agencies, airports and shopping malls, buildings with high security requirements where a large number of people and goods enter and exit daily.

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Smart home applications are in demand and are supported by the increased usage of smart phones and tablets in the market. Residential security has become the major part of various smart home applications which people are adopting these days. Security has become the main feature of smart applications used for homes. People are opting for latest technologies and solutions available in the market for high level of security and automation in their home premises. Smart home applications are now including more advance features which includes advance security aspects like security alarms, sensors, electronic locks, cameras etc. along with other smart features like extensive control over home living environment such as self-powered lighting, climate controls, fire alarms and power managements. People are adopting advanced security features embedded in their smart home application and considering as a value added service for better quality of living.

Some of the major Industry Players profiled in the study include Honeywell International Inc., Godrej & Boyce Manufacturing Company Ltd., Assa Abloy Group, Cisco Systems, Inc., United Technologies Corporation, Siemens AG, Panasonic Corporation, Nestwell Technologies, Vivint, Inc., Hanman International Pte Ltd., Hitachi, Ltd. and Tyco International Ltd.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Shrink Wrap Packaging Systems Market - Global Industry Analysis, Growth, Trends, and Forecast 2024

Transparency Market Research Report Added " Shrink Wrap Packaging Systems Market "Many of the products in today’s era require different style of packaging that must be flexible and even attractive. Shrink wrap packaging is an ideal solution for packing uneven shape objects with flexibility and ease. Shrink wrap is a process under which the product to be packed is covered with a shrink film, which is then heated so that it shrinks on the product. The shrink film is a polymer plastic film made of PVC, polyethylene, polypropylene, or polyolefin. Mostly Polyolefin with different thickness, strength, clarities, and shrink ratios is used as a shrink film. The film is heated with the help of a handheld gun, or the product along with the film is passed through the heating tunnel on a conveyor. Shrink wrap packaging serves the purpose of keeping the product stable and clean, and also helps make it tamper resistant. Shrink wrap packaging is used as an overwrap on boxes, cartons, pallet loads, and beverage cans. It is also used as a primary covering in many food items such as meats, cheese, plants, and vegetables. There are various shrink wrap packaging systems available in the market, which are equipped with different technologies such as sleeve wrappers, side sealers, shrink tunnels, and L-sealers.

The ever expanding food industry and the safety concerns related to products during their transit are factors expected to bolster growth of the shrink wrap packaging systems market over the forecast period. Over the years, there has been a modest rise in application of shrink wrap packaging in industrial equipment. Thus, surge in industrialization in turn is expected to contribute towards growth of the shrink wrap packaging systems market over the forecast period. Shrink wrap is also used to wrap roofs after any natural disaster, such as earthquakes, hurricanes, tornadoes, which is a major beneficial feature that is expected to propel growth of the shrink wrap packaging system market in the near future. However, there are other substitutes available for shrink wrap packaging, such as vacuum packaging, which are equally reliable and effective; this may hamper growth of the shrink wrap packaging systems market over the forecast period. Also, the shrink wrap packaging process is risky, and the person handling the system needs to be cautious as the shrinking involves heating the material up to a high temperature, a factor which again could slowdown growth of the shrink wrap packaging systems market over the forecast period.

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Increasing consumer concerns over healthy and hygienic food are expected to create major growth opportunities for players operating in the global shrink wrap packaging systems market over the forecast period. Also, the food industry experts are trying to differentiate their products from their competitors by providing a robust and unitized packing format in the form of shrink wrap packaging. Due to the flexibility and easy handling features of the shrink wrap packaged products, shrink wrap packaging has become a preferred consumer choice in the global packaging industry. The global shrink wrap packaging system market is anticipated to expand at a single digit CAGR over the forecast period.

The global shrink wrap packaging systems market can be segmented on the basis of technology, type, application, and end-use industry. On the basis of technology, the global shrink wrap packaging systems market can be segmented as automatic, semi-automatic, fully-automatic, manual. On the basis of type, the global shrink wrap packaging systems market can be segmented into sleeve wrappers, L-sealers, side sealers, lap sealers and shrink tunnels. On the basis of application, the global shrink wrap packaging systems market can be segmented into trays, books, beverages, sleeve, sachet, cardboard box, and others. On the basis of end-use application, the global shrink wrap packaging systems market can be segmented into pharmaceuticals, food & beverages, automotive, consumer products, printing and health & beauty.

By geography, the global shrink wrap packaging systems market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, Asia Pacific accounts for the maximum share of the shrink wrap packaging system market, owing to the ever increasing food industry in this region. In terms of demand for shrink wrap packaging system, the market in Asia Pacific is expected to be followed by North America, in view of the surge in industrialization and other economic factors in the region. Europe is also expected to be a major contributor to the growth of the shrink wrap packaging systems market over the forecast period, because of the bolstering meat market and other increasing frozen food items packaging requirements in the countries such Germany and Italy. Meanwhile, the Latin America shrink wrap packaging systems market is also expected to develop at a rapid pace. The Middle East & Africa market, on the other hand, is at a nascent stage.

Some of the Key Vendors identified across the value chain of the global shrink wrap packaging systems market include: Saitech Inc, Texwrap Packaging Systems, Arpac LLC, Shrinkwrap Machinery Co. Ltd, Gebo Cermex, Yorkshire Packaging Systems, and Extreme Packaging Machinery.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Awareness Towards Road Safety Drives Whiplash Protection Market Worldwide

Whiplash protection system (WPS) is incorporated in the backrest of front seat, to protect front seat occupant’s neck from any whiplash injury in case of a rear collision. In whiplash protection system (WPS), the entire backrest of the seat is designed to protect the neck of driver from colliding back on the headrest. The whiplash protection system is designed in such a way that the backrest moves along with the occupant while the headrest stays rigid to support the neck. Thus, the entire mechanism ensures that the back of the occupant doesn’t move far away from the backrest when a rear collision occurs. Whiplash protection systems absorb energy from the impact of rear collision in order to protect the front seat occupants from sustaining any major injuries. This absorption of energy is done by a virtual pivot placed at the base of the seat and another metal piece inside the backrest. The virtual pivot lets the seat move backwards along with the actual hip joint of the occupant during rear collision in order to absorb the additional energy. The metal piece in the backrest absorbs the excess energy by allowing the headrest to slightly recline forward.

One of the major factors driving the growth of whiplash protection systems market is the rising awareness towards road safety. Increasing number of collision incidents and casualties caused during the same has led to an increased focus and consumer value for safety technologies. Owing to these factors, a shift in the buyer’s preference for safer cars has been witnessed in recent years.

In addition, government initiatives pertaining to the occupant safety in a vehicle and preemptive safety measures have driven the growth of whiplash protection systems market. Other legislations and car safety assessment programs have played a crucial role in the rising awareness and demand for vehicular safety. However, the whiplash protection systems market faces challenges due to the cyclic nature of automotive production and sales. Since the demand of whiplash protection systems has a direct correlation with the demand for safer cars, the whiplash protection systems market can only grow in tandem with the growth of car market. Moreover, the additional costs incurred during the design and testing phase of such systems hinders the growth of whiplash protection systems market. Other challenge faced by the growth of this market is increased prices due to the costs of raw materials and other commodities.

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With the rise in safety awareness, stringent safety norms, technological advancements and affordability, whiplash protection systems prove to be a viable means to provide safety to vehicle occupants. Institutions such as New Car Assessment Program (NCAP) assess and award ratings based on safety performance to new cars, globally, which further increases the awareness and demand for whiplash protection systems. Identifying these opportunities, many manufacturers have invested heavily in designing and testing of such vehicular safety systems.

Some of the Key Players in whiplash protection systems market are Continental AG, Grammer AG and Robert Bosch GmbH in Germany, Lear Corporation and TRW Automotive in U.S., Takata Corporation in Japan, Delphi Automotive Plc in U.K., Autoliv Inc in Sweden and Hyundai Mobis in South Korea.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Global Market Research On Crash Barrier Systems

Transparency Market Research (TMR), A Market Intelligence And Research Firm, Has Published A Research Study On “Crash Barrier Systems Market”. The increasing road traffic had raised the demand for installation of safety and support systems in vehicles. Steel crash barrier systems provide safety and support for the vehicle moving away from the traffic path to the area outside the lane. Crash barrier system is a protection used to avoid infrastructural damage, surface car park allocation, and approach lane containment where there is risk to the motorist. The cash barrier systems hold and redirect the uncontrolled vehicle, thereby saving the passengers from injury and ensuring safety for both, vehicle and passenger.

Crash barrier systems market is segmented on the basis of type, material property, devices, applications and geography. Based on type, the crash barrier system market can be segmented into movable barrier system and immovable barrier system. Based on the material property, the crash barrier system can be categorized into rigid barrier, semi-rigid, and flexible barrier. Based on the devices, the crash barrier market can be segmented into guardrails energy absorbent terminals (GEAT), crash cushions, water and sand filled plastic barriers, gating and non-gating end treatment, and others (brakemaster, hex-foam sandwich systems, and low-slung maintenance attenuators). Based on the end user applications, the crash barrier market can be segmented into median barriers, bridge barriers, roadside barriers, work zone barriers, and others (pedestrian foot-path barriers, hilly terrains, and racing tracks). Furthermore, on the basis of geography, the crash barrier systems market can be segmented into five major regions which include North America, Asia Pacific, Europe, Middle East & Africa and Latin America.

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Growing awareness towards the adoption of safety measures is one of the factors driving the growth of crash barrier system market, globally. The major companies such as Avon Barrier Corporation Ltd., are focusing on providing additional rigidity to the barrier system for maximizing safety. Increasing investment in infrastructural development such as roads, airports, coupled with the rising automotive industry are some key factors stimulating the growth of crash barrier system market across the globe. Increasing demand for automobiles is resulting in the rising safety concerns to avoid any mishap or fatal accident. Thus, crash barrier system is the safety measure used to prevent the vehicle from going off the lane thereby providing safety for passengers. However, some of the crash barrier systems involves high life-cycle cost due to repair needs after crashes, which is one of the factors inhibiting the growth of crash barrier systems market. Furthermore, high cost severity due to barrier collision is also a restraint associated with crash barrier systems. Although, the rising demand of flexible barrier systems which require low cost of repair after crashes is triggering the growth of crash barrier market, globally.

Some of the Major Players in crash barrier systems market include Lindsay Corporation (U.S.), Tata Steel Limited (India), Avon Barrier Corporation Ltd. (U.K.), Trinity Industries, Inc. (U.S.), Nucor Corporation (U.S.), Valmont Industries, Inc. (U.S.), Transpo Industries, Inc. (U.S.), Arbus Limited (U.K.),NV Bekaert SA (Belgium),Hill & Smith Holdings PLC (U.K.), and among others.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Hospitality, Residential, and Retail Sector Emerges as Leading End User of IBMS

The objective of the Intelligent Buildings Management Systems (IBMS) is to centralize the monitoring, control operations, efficient management of facilities within the building. These systems helps to achieve more efficient building operations at reduced energy and labor costs while providing a safe and quality working environment to the occupants. The IBMS products are designed to facilitate ease of access, reduce man power and control the all the appliances in a single or multiple rooms.

The IBMS market in India is fueled by growth of automation in the country, development of green infrastructure, booming hospitality sector, technological advancement, and economic growth. However, lack of skilled labor is projected to hamper the development of the IBMS market in India.On the basis of product, the IBMS market in India is segmented into communication systems, access controls, entertainment controls, general lighting controls, security controls, HVAC controls, outdoor controls, and others. Valued at US$291.3 mn in 2014, security controls dominated the IBMS market in India. This product segment is anticipated to maintain its leading position through 2021, fueled by surging demand for PIR sensors, CCTV cameras and others needed in the safety of the country and its people.

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The IBMS market in India is categorized into several application segments: life science, hospitality, residential, and retail, centers of education and learning, office spaces, energy and infrastructure, and manufacturing. Generating a revenue of US$185.1 mn in 2014, the segment of hospitality, residential, and retail dominated the IBMS market. The growth in this sector can be attributed to rising demand for IBMS in applications such as general lighting control, access control systems, entertainment control systems, and security systems in hotels, retail stores, and residential buildings across the country.

By geography, the India IBMS market is divided into North India, South India, East India, and West India. In 2014, South India held the largest share of the overall IBMS market, accounting for a share of over 30.0%. Driven by growing application of IBMS in the reduction of energy consumption and operating expenditure, high disposable income of the people, well-established hotel and hospitality industry, and high degree of industrialization, South India is anticipated to retain its lead throughout the forecast period, expanding from its revenue share of US$296.4 mn in 2014. East India, on the other hand, will emerge as the most rapidly developing IBMS market by 2021, fueled by rising construction in the region and increasing number of new manufacturers.

The top companies competing in the India IBMS market include Cisco Systems, Inc., ABB India Ltd., ADT Corporation India, Crestron Electronics India Pvt. Ltd., Honeywell Automation India Ltd., Control4 Corporation, Schneider Electric India Pvt. Ltd., Siemens Building Technology Pvt. Ltd., Legrand Pvt. Ltd., and Johnson Controls (India) Pvt. Ltd.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.