Artificial Intelligence
Global Magneto Resistive RAM (MRAM) Market to Reach US$1.8 Billion by the Year 2027
New York, June 23, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Magneto Resistive RAM (MRAM) Industry” – https://www.reportlinker.com/p05820699/?utm_source=GNW
1 Million in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2027, growing at a CAGR of 32.1% over the analysis period 2020-2027.Enterprise Storage, one of the segments analyzed in the report, is projected to grow at a 36.4% CAGR to reach US$634 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumer Electronics segment is readjusted to a revised 32.3% CAGR for the next 7-year period. This segment currently accounts for a 23.8% share of the global Magneto Resistive RAM (MRAM) market.
– The U.S. Accounts for Over 43% of Global Market Size in 2020, While China is Forecast to Grow at a 41.9% CAGR for the Period of 2020-2027
– The Magneto Resistive RAM (MRAM) market in the U.S. is estimated at US$109.2 Million in the year 2020. The country currently accounts for a 42.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$557.2 Million in the year 2027 trailing a CAGR of 41.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.8% and 27.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 31.6% CAGR while Rest of European market (as defined in the study) will reach US$557.2 Million by the year 2027.
– Robotics Segment Corners a 16.6% Share in 2020
– In the global Robotics segment, USA, Canada, Japan, China and Europe will drive the 23.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$39.3 Million in the year 2020 will reach a projected size of US$176.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$157.3 Million by the year 2027.
– Select Competitors (Total 37 Featured)
- Avalanche Technology, Inc.
- Crocus Nano Electronics, LLC
- Everspin Technologies, Inc.
- Honeywell International, Inc.
- NVE Corporation
- Samsung Electronics Co., Ltd.
- Spin Memory, Inc.
- Toshiba Corporation
Read the full report: https://www.reportlinker.com/p05820699/?utm_source=GNW
CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and a Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2019 to 2022
How the IT Industry Has Been Impacted by the Pandemic & What?s
the New Normal?
EXHIBIT 2: Global Information Technology Market Growth Outlook
(In %) For Years 2019 Through 2025
Semiconductor Industry Experiences Disruptions
An Introduction to Magneto Resistive RAM (MRAM)
Operation of MRAM
Structure and Fabrication of MRAM
MRAM vs. DRAM
Types of MRAM
Evolving Capabilities Present MRAM as a Promising Memory
Technology of the Future
Enterprise Storage: The Leading Application Market
Developed Economies Lead, Developing Economies Poised for High
Growth
Competition
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Emergence of Next Generation Memory Technologies to Support
Growth of MRAM Market
EXHIBIT 3: Global Non-Volatile Memory Market Size (in US$
Billion) for the Years 2020, 2022, 2024 and 2026
MRAM Set to Emerge as Persistent Memory for Numerous Applications
Low-power Consumption Benefit of MRAM
MRAM Moves into Embedded Space
EXHIBIT 4: Increasing Competitiveness of Embedded MRAM (eMRAM)
with Other Memory Technologies: Price in $/Gb by Memory Type
for the Years 2018, 2022, 2024 and 2026
EXHIBIT 5: eMRAM Holds an Edge Over Other Memory Technologies:
Comparing Power, Performance, Area, and Availability of SRAM,
eMRAM, eFLASH, PCM, RRAM, and FeFET
Second Generation STT-MRAM to Grab Growing Share of MRAM Market
STT-MRAM Finally Comes to Market Replacing Embedded NOR Flash
STT-RAM to Emerge as a Potential Leading Memory Type in the
Embedded Emerging NVM Market
EXHIBIT 6: Emerging Non-Volatile Memory (NVM) Market:
Percentage Breakdown of Revenues in Standalone and Embedded
Memory Segments by RRAM, STT-MRAM and PCM
Challenges Confronting Fabrication and Testing of STT-RAM
Potential for MRAM to Replace SRAM and DRAM
Growing Memory Requirements of Data Centers to Propel MRAM Market
Data Centers Continue to Gain Importance: Presenting
Opportunities for MRAM Market
EXHIBIT 7: Global Data centers Market Growth Outlook (In %) For
Years 2019 Through 2025
EXHIBIT 8: Data Center IP Traffic Growth Worldwide: Global Data
Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020
& 2022
EXHIBIT 9: Global Data Center IP Traffic Breakdown (in %) by
Cloud and Traditional Data Centers for the Years 2017, 2019
and 2021
Power, Cost, and Time Saving Advantages of STT-MRAM to Drive
Adoption in Hyperscale Data Centers
EXHIBIT 10: Number of Hyperscale Data Centers Worldwide
(in Units) for the Period 2015-2021
Rising Computing Needs of Consumer Electronic Devices:
Opportunity for MRAM Market
EXHIBIT 11: Global Electrical & Electronics Equipment Market
Growth Outlook (In %) For Years 2019 Through 2025
Embedded MRAM Emerges as a Promising Technology for IoT
Devices, Artificial Intelligence and Machine Learning
EXHIBIT 12: MRAM Opportunity in IoT Space: Global M2M/IoT
Connections (In Billion) for Years 2019, 2021 and 2023
EXHIBIT 13: Rapidly Growing AI/ML Market Presents Growth
Opportunities for MRAM Adoption: Global Deep Learning Chipset
Market Revenues in US$ Billion for the Years 2019, 2022 and
2025
Growing Need for Energy-Efficient Storage Solutions Gives
Impetus to MRAM Market
EXHIBIT 14: Installed Base of Data Storage Capacity
(in Zettabytes) for 2019, 2020, and 2024
MRAM Emerges as a Possible Option for Post-Flash Solid-State
Storage
MRAM Emerges as the Next Stage for Solid State Storage
MRAM Emerges as a Memory Solution for Intelligent and Connected
Automobiles
Toggle MRAM Preps for 5G Revolution
Edge Computing to Drive Demand for MRAM
Advances in MRAM Augurs Well for the Market
Energy Efficient MRAM Developed by a South Korean Research Team
Tohoku University Research Team Develops High Speed SOT Magneto
Resistive RAM
Researchers at NTHU Manipulates MRAM by Working with the
Electron Spin
Research Focus on Using Antiferromagnets for MRAM Catches Pace
Testing Becomes Important for a Good MRAM Memory
Challenges Confronting Making and Testing of STT-MRAM
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2020 through
2027 and % CAGR
Table 2: World 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets for Years 2020 & 2027
Table 3: World Current & Future Analysis for Enterprise Storage
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 and
% CAGR
Table 4: World 7-Year Perspective for Enterprise Storage by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 5: World Current & Future Analysis for Consumer
Electronics by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2020 through
2027 and % CAGR
Table 6: World 7-Year Perspective for Consumer Electronics by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 7: World Current & Future Analysis for Robotics by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 and
% CAGR
Table 8: World 7-Year Perspective for Robotics by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 9: World Current & Future Analysis for Automotive by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 and
% CAGR
Table 10: World 7-Year Perspective for Automotive by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World for Years
2020 & 2027
Table 11: World Current & Future Analysis for Aerospace &
Defense by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2020 through
2027 and % CAGR
Table 12: World 7-Year Perspective for Aerospace & Defense by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
Table 13: World Current & Future Analysis for Other
Applications by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2020 through
2027 and % CAGR
Table 14: World 7-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2020 & 2027
III. MARKET ANALYSIS
UNITED STATES
Table 15: USA Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Sales in
US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 16: USA 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
CANADA
Table 17: Canada Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 18: Canada 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
JAPAN
Table 19: Japan Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Sales in
US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 20: Japan 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
CHINA
Table 21: China Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Sales in
US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 22: China 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
EUROPE
Table 23: Europe Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Geographic Region – France, Germany,
Italy, UK and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Thousand for Years 2020 through 2027 and %
CAGR
Table 24: Europe 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK and Rest of Europe Markets
for Years 2020 & 2027
Table 25: Europe Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 26: Europe 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
FRANCE
Table 27: France Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 28: France 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
GERMANY
Table 29: Germany Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 30: Germany 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
ITALY
Table 31: Italy Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Sales in
US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 32: Italy 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
UNITED KINGDOM
Table 33: UK Current & Future Analysis for Magneto Resistive
RAM (MRAM) by Application – Enterprise Storage, Consumer
Electronics, Robotics, Automotive, Aerospace & Defense and
Other Applications – Independent Analysis of Annual Sales in
US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 34: UK 7-Year Perspective for Magneto Resistive RAM
(MRAM) by Application – Percentage Breakdown of Value Sales for
Enterprise Storage, Consumer Electronics, Robotics, Automotive,
Aerospace & Defense and Other Applications for the Years 2020 &
2027
REST OF EUROPE
Table 35: Rest of Europe Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 36: Rest of Europe 7-Year Perspective for Magneto
Resistive RAM (MRAM) by Application – Percentage Breakdown of
Value Sales for Enterprise Storage, Consumer Electronics,
Robotics, Automotive, Aerospace & Defense and Other
Applications for the Years 2020 & 2027
ASIA-PACIFIC
Table 37: Asia-Pacific Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 38: Asia-Pacific 7-Year Perspective for Magneto Resistive
RAM (MRAM) by Application – Percentage Breakdown of Value Sales
for Enterprise Storage, Consumer Electronics, Robotics,
Automotive, Aerospace & Defense and Other Applications for the
Years 2020 & 2027
REST OF WORLD
Table 39: Rest of World Current & Future Analysis for Magneto
Resistive RAM (MRAM) by Application – Enterprise Storage,
Consumer Electronics, Robotics, Automotive, Aerospace & Defense
and Other Applications – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 40: Rest of World 7-Year Perspective for Magneto
Resistive RAM (MRAM) by Application – Percentage Breakdown of
Value Sales for Enterprise Storage, Consumer Electronics,
Robotics, Automotive, Aerospace & Defense and Other
Applications for the Years 2020 & 2027
IV. COMPETITION
Total Companies Profiled: 37
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Artificial Intelligence
Department of Health – Abu Dhabi partners with MBZUAI and Core42 to launch Global AI Healthcare Academy
ABU DHABI, UAE, May 13, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the leading AI research-based academic institution located in Abu Dhabi, and Core42, a G42 company offering AI solutions, during Abu Dhabi Global Healthcare Week (ADGHW). This MoU will launch the global AI Healthcare Academy to the health workforce. The MoU was signed by Dr. Rashed Obaid Al Suwaidi, Executive Director of Healthcare Workforce Planning Sector at DoH, Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI and Talal Al Kaissi, Executive Vice President, Chief Product and Global Partnership Officer at Core42.
Reinforcing Abu Dhabi’s position as a leading destination for healthcare and life sciences, the partnership seeks to establish a framework of collaboration to strengthen the Emirate’s position at the forefront of technology-enabled and data-driven healthcare systems. The new AI Healthcare Academy will help to build a global AI-trained workforce, which is capable of advancing diagnostic and operational efficiency, significantly improving patient care, and streamlining healthcare processes around the world.
Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI, said: “Healthcare is a key research pillar for MBZUAI, because we recognise the transformative and life-saving potential of AI across a wide range of diagnostic and treatment areas. In addition to our recent effort in establishing the Institute of Digital Public Health, we are proud to partner with The Department of Health – Abu Dhabi in launching the new AI Healthcare Academy. MBZUAI will provide the Academy our world-class faculty to facilitate AI workshops and training to upskill the healthcare workforce in support of the UAE leadership’s vision to become a global hub for AI and a centre for life sciences.”
Through leveraging advanced technologies and harnessing the power of AI, DoH seeks to upskill the health workforce, enhance local practices and contribute to broader medical research and treatment modalities worldwide. By embracing AI-driven technologies, healthcare professionals can stay at the forefront of innovation, fostering collaboration and knowledge exchange on a global scale.
By collaborating with MBZUAI through its Institute of Digital Public Health, the Academy will encompass ground-breaking research. These efforts will encourage public-private partnerships, fostering collaboration to secure ample funding and ensure ongoing sustainability, setting the academy for long-term success and supporting responsible and impactful innovation.
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, Abu Dhabi Global Healthcare Week (ADGHW) is a major government initiative from DoH, taking place between 13 and 15 May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
About Mohamed bin Zayed University of Artificial Intelligence (MBZUAI)
MBZUAI is a graduate, research university focused on artificial intelligence, computer science, and digital technologies across industrial sectors. The university aims to empower students, businesses, and governments to advance artificial intelligence as a global force for positive progress. MBZUAI offers various graduate programs designed to pursue advanced, specialized knowledge and skills in artificial intelligence, including computer science, computer vision, machine learning, natural language processing, and robotics. For more information, please visit www.mbzuai.ac.ae.
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Milestone includes RDK-Broadband and RDK-Video devices shipped to Network Service Providers across the world
PARIS, May 13, 2024 /PRNewswire/ — Vantiva (Euronext Paris: VANTI), a global technology leader enabling Network Service Providers (NSPs) to connect consumers worldwide, today announced that it has shipped more than 125 million RDK-based customer premise equipment (CPE) products since 2012, strengthening its market share as of 2024. RDK is a fully modular, portable and customizable open-source software solution that standardizes core functions used in video, broadband and Internet of Things (IoT) devices. Vantiva has been an active member of the RDK community since its inception, providing RDK solutions across IP, Hybrid and Quadrature Amplitude Modulation devices. In 2014, Vantiva contributed software that helped enable RDK to expand its applicability to broadband devices, meeting the demand of operators worldwide for greater technical commonality among suppliers.
“Vantiva has played a vital role in helping RDK become a driving force for innovation across broadband and video globally,” said Jason Briggs, President and General Manager of RDK. “Network Service Providers understand the benefits RDK provides in terms of versatility and software commonality, and the importance of having a proven CPE partner, like Vantiva, who can help them deliver at scale. We look forward to continuing to collaborate with Vantiva to extend the reach of RDK for many years to come.”
RDK-Broadband (RDK-B) is an open platform for broadband devices that provides customers with an industry-leading standard of technology facilitating efficiencies in development cycles through collaborative industry contributions that drive lean business results. Operators can efficiently introduce a wider array of enhanced offerings, like parental controls or cybersecurity, while maintaining complete control over design, development, deployment and data management. RDK-Video (RDK-V) provides developers and operators with a unified software stack for set-top boxes (STBs) and home gateways across a broad range of complex video and management functions, including rendering, content, device management and networking.
“RDK has grown exponentially thanks to the leadership of RDK Management and to the more than 600 companies that contribute to the RDK community,” said Leopold Diouf, Senior Vice President of the product division at Vantiva. “By leveraging RDK as a platform, Vantiva delivers innovative software solutions to a globally diverse range of NSPs and multiple access technologies – DOCSIS, fiber and fixed wireless access. This approach provides our clients with the latest software advancements efficiently and effectively, empowering them to focus their efforts on new services that drive their businesses forward.”
All of Vantiva’s DOCSIS gateways ship with RDK-B as the default software stack. Vantiva’s RDK-V STBs are deployed with leading NSPs across the globe.
Achieving more than 125 million RDK devices shipped is the latest strategic milestone in Vantiva’s ongoing commitment to providing open and innovative technologies for customers and operators around the world. Vantiva’s goal is to bring seamless connectivity and premium entertainment experiences to consumers by creating best-in-class CPE and partnering with the most innovative companies in the connected home ecosystem.
ContactsVantiva Press Relations [email protected]
Thatcher+Co. for [email protected]
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Artificial Intelligence
Ambient Intelligence Market Size to Grow USD 185.5 Billion by 2032 at a CAGR of 25.7% | Valuates Reports
BANGALORE, India, May 13, 2024 /PRNewswire/ — Ambient Intelligence Market is Segmented By Component (Hardware, Software, Service), By Technology (Bluetooth Low Energy, RFID, Ambient Light Sensor, Software Agents, Affective Computing, Biometrics, Others), By End User (Residential, Retail, Healthcare, Office Building, Automotive, Others).
The Global Ambient Intelligence Market was valued at USD 19.2 Billion in 2022, and is projected to reach USD 185.5 Billion by 2032, growing at a CAGR of 25.7% from 2023 to 2032.
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Major Factors Driving the Growth of Ambient Intelligence Market:
The market for ambient intelligence is expanding rapidly thanks to a number of important considerations. The need for ambient intelligence solutions is primarily being driven by the growing integration of smart technology into common things, together with improvements in IoT (Internet of Things) and AI (Artificial Intelligence). Market expansion is further accelerated by the growing global adoption of smart home and smart city projects. Furthermore, the adoption of ambient intelligence systems is fueled by the increasing need for individualized user experiences and seamless connection across a variety of industries, including healthcare, retail, and automotive. Together, these elements are fueling the market for ambient intelligence, which is expected to revolutionize how humans interact with our surroundings.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL AMBIENT INTELLIGENCE MARKET:
By redefining patient care and experience, ambient intelligence hardware combined with affective computing technology in the healthcare sector is driving the growth of the ambient intelligence market. With the use of affective computing, medical professionals may monitor mental health issues, gauge patient moods, and customize treatment regimens by analyzing physiological signs such as voice tonality and facial expressions. Hardware with ambient intelligence, including sensors and smart devices integrated into medical settings, makes data collecting and interpretation easier and improves patient involvement and professional decision-making. Affective computing and ambient intelligence together enhance healthcare outcomes and stimulate the market by encouraging creativity and efficiency in the provision of healthcare services.
The market for ambient intelligence is expanding due to the growing need for smart home automation solutions. By adding smart technologies that automate chores and adjust to their needs, homeowners want to improve comfort, convenience, and energy efficiency in their houses. Voice-activated assistants, lighting control systems, and smart thermostats are a few examples of ambient intelligence technologies that provide seamless automation and connection, spurring market growth and acceptance in the smart home space.
Ambient intelligence solutions are becoming more and more popular because of the need for individualized user experiences in a variety of industries, such as retail, healthcare, and entertainment. Ambient intelligence systems anticipate user wants, preferences, and behaviors by utilizing data analytics, machine learning, and context-aware computing. This allows them to provide customized experiences that increase user pleasure and engagement. This customized strategy increases market growth by cultivating brand distinction and consumer loyalty in addition to enhancing user experiences. The aging population and the rise in chronic illness rates have made ambient assisted living technologies more important, which has fueled the healthcare industry’s growth in the ambient intelligence market.
The market is expanding as a result of rising consumer adoption of ambient intelligence technologies and their advantages in everyday life. Customers are more likely to embrace ambient intelligence solutions in other areas of their lives when they see the efficiency, convenience, and personalization that these solutions provide in a variety of domains, such wearables, smart homes, and linked autos. Additionally, as smart gadgets and digital assistants proliferate, customers become more acquainted with ambient intelligence principles, which facilitates wider acceptance and market growth.
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AMBIENT INTELLIGENCE MARKET SHARE:
Due to a variety of factors, including the early adoption of modern technologies, the presence of several important companies in the ambient intelligence vendor market, and the significant digitization of different industries in the area, North America held the biggest market share for ambient intelligence in 2022.
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Key Companies:
Siemens AGHoneywell International IncBioIntelliSenseAccel RoboticsABB GroupJohnson ControlsNuance Communications, Inc.INFOSYS LIMITEDSchneider ElectricEyeris Technologies, Inc.Purchase Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Auto-4W582/Ambient_Intelligence_Market
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– Ambient & High-temp Prober Market
– Handheld Ambient Light Meters market was valued at USD 209 Million in 2023 and is anticipated to reach USD 314.2 Million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.
– OEM LED Automotive Ambient Light market is projected to reach USD 3347.3 Million in 2029, increasing from USD 2166 Million in 2022, with a CAGR of 6.5% during the period of 2023 to 2029.
– Automotive Interior Ambient Lighting Systems Market
– Car Interior Ambient Light Market
– Ambient Temperature Detection Sensor Marke
– Ambient VOC Analyzer Market
– Ambient Temperature Gel Permeation Chromatography market size is expected to reach USD 162.8 Million by 2029, growing at a CAGR of 5.4% from 2023 to 2029.
– Ambient Light, IR, UV Sensors Market
– Low Ambient Temperature Air Source Heat Pump Unit Market
– Air Quality Monitoring Instruments Market
– Digital Painting & Drawing Software Market
– Electric Vaporizers Market
– Wearable Cooling Devices Market
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