Connect with us

Technology

Sub-GHz Module Market to Grow by USD 650.3 Million (2024-2028) with Smart City Initiatives Driving Demand, AI Powered Report- Technavio

Published

on

NEW YORK, Sept. 11, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global sub-ghz module market size is estimated to grow by USD 650.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  9.11%  during the forecast period. Smart city initiatives by governments is driving market growth, with a trend towards advancements in semiconductor technology. However, varying regulations regarding frequency use  poses a challenge. Key market players include Adolf Wurth GmbH and Co. KG, Advantech Co. Ltd., Analog Devices Inc., Digi International Inc., EMBIT S.R.L., Ezurio, HOPE Microelectronics Co. Ltd., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nordic Semiconductor ASA, NXP Semiconductors NV, Quectel Wireless Solutions Co. Ltd., Radiocrafts AS, Renesas Electronics Corp., Semtech Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Telit Cinterion, Texas Instruments Inc., and Zyxel Communications Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Sub-Ghz Module Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.11%

Market growth 2024-2028

USD 650.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.91

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 52%

Key countries

China, US, Japan, South Korea, Germany, Taiwan, UK, India, France, and Italy

Key companies profiled

Adolf Wurth GmbH and Co. KG, Advantech Co. Ltd., Analog Devices Inc., Digi International Inc., EMBIT S.R.L., Ezurio, HOPE Microelectronics Co. Ltd., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Nordic Semiconductor ASA, NXP Semiconductors NV, Quectel Wireless Solutions Co. Ltd., Radiocrafts AS, Renesas Electronics Corp., Semtech Corp., Silicon Laboratories Inc., STMicroelectronics International N.V., Telit Cinterion, Texas Instruments Inc., and Zyxel Communications Corp.

Market Driver

The Sub-GHz module market is experiencing significant growth due to advancements in semiconductor technology. Smaller process nodes, such as 7nm and 5nm, are enhancing performance by allowing for higher transistor density and improved efficiency, while reducing power consumption. Companies like Semtech and Nordic Semiconductors are integrating these advanced semiconductor processes into their products, resulting in modules with greater range, longer battery life, and higher frequency performance. Additionally, the use of specialized materials like gallium nitride (GaN) and system-on-chip (SoC) designs are pushing the boundaries of Sub-GHz technology, making modules more efficient, versatile, and suitable for various applications, including IoT devices and industrial automation systems. These technological advancements will continue to drive the growth of the global Sub-GHz module market during the forecast period. 

The Sub-Ghz module market is witnessing significant growth in various industries including Industrial, Military, Commercial, and Marine sectors. Bluetooth v5 is a trending technology in this market, offering higher data transfer rates and longer range compared to its predecessors Bluetooth v4.2 and Bluetooth v4.0. The Evaluation Quadrant shows Sub-Ghz modules’ dominance in Downstream applications such as Smart Home and Building Automation. The Industry chain includes raw materials suppliers, module manufacturers, and downstream application providers. The manufacturing process is crucial, with proprietary technologies playing a key role in ensuring high performance and reliability. Industrial Automation, Military, Commercial, and Marine sectors are major downstream applications for Sub-Ghz modules. Smart Home and Building Automation are also significant markets, driven by the need for energy efficiency and security. The market is expected to continue growing, driven by advancements in technology and increasing demand for wireless communication solutions. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

Regulatory constraints pose significant challenges to the growth of the global Sub-GHz module market. Different countries have distinct regulations governing the allocation and use of sub-1 GHz frequency bands, which can restrict the deployment and interoperability of Sub-GHz modules. For instance, in the US, the Federal Communications Commission (FCC) enforces strict regulations on frequency bands to prevent interference between various communication systems. In Europe, the European Telecommunications Standards Institute (ETSI) sets specific guidelines for frequency use, which vary across member states. In India, the Ministry of Communications regulates frequency bands and imposes licensing requirements. These regulatory constraints lead to additional costs for manufacturers to ensure compliance, deterring market entry and slowing down the adoption of Sub-GHz technology. Differing standards and regulatory practices across regions can also create barriers to global standardization, impacting the scalability and integration of Sub-GHz modules in international markets. Navigating these regulatory challenges requires substantial investment in understanding and meeting diverse requirements, impeding the growth of the global Sub-GHz module market during the forecast period.The Sub-Ghz module market is experiencing significant growth due to its applications in various industries. Security and industrial automation are key sectors driving demand, with military and commercial applications also gaining traction. Challenges in this market include ensuring security and reliability of data transmission. Industrial automation, marine, and building automation are major downstream applications. The industry chain includes raw materials suppliers, module manufacturers, and downstream customers. Proprietary technologies and manufacturing processes add complexity to the market. Bluetooth v5 is a new player in this space, offering advantages over older versions like v4.2 and v4.0. The Evaluation Quadrant can help businesses make informed decisions when selecting a Sub-Ghz module supplier. Smart Home applications are also emerging as a new market opportunity.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This sub-ghz module market report extensively covers market segmentation by  

Type 1.1 Transceivers1.2 Transmitters1.3 Receivers1.4 LoRaApplication 2.1 Remote metering2.2 Smart home2.3 Smart city2.4 Smart agriculture2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Transceivers-  The Sub-Ghz module market is experiencing steady growth due to increasing demand for wireless communication solutions in various industries. These modules offer advantages such as longer range, lower power consumption, and better penetration through obstacles compared to traditional Wi-Fi and Bluetooth technologies. Companies like Texas Instruments, Murata Electronics, and NXP Semiconductors are major players in this market, providing innovative solutions for IoT, smart home, and industrial automation applications. The market is expected to reach significant value by 2025, driven by growing adoption in developing regions and advancements in technology.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Sub-GHz Module Market refers to the industry dedicated to producing and supplying Sub-GHz modules for various applications. These modules operate in the Sub-GHz frequency range, which is ideal for long-range, low-power wireless communications. The market caters to various industries, including Industrial, Military, Commercial, Marine, and others. Downstream applications include Smart Home Automation, Asset Tracking, Telemetry, and IoT devices. The industry chain includes raw material suppliers, manufacturers, and end-users. The manufacturing process involves the assembly of components such as microcontrollers, RF chips, and antennas. Sub-GHz modules are available in various communication protocols like Z-Wave, Wi-SUN, and proprietary ones. Bluetooth v5, v4.2, and v4.0 are also used in some applications, but they operate in different frequency bands.

Market Research Overview

The Sub-Ghz module market is a growing segment in the wireless communication industry, catering to various industries such as Industrial, Military, Commercial, Marine, and others. This market is driven by the demand for low-power, long-range wireless connectivity solutions. Sub-Ghz modules operate at frequencies below 1 GHz, offering advantages like longer range, better penetration, and lower power consumption compared to Bluetooth technologies like Bluetooth v5, Bluetooth v4.2, and Bluetooth v4.0. The industry chain of Sub-Ghz modules includes raw material suppliers, manufacturers, and downstream application industries. The manufacturing process involves the production of modules using proprietary technologies. The market is segmented into applications like Smart Home, Building Automation, Security, and Industrial Automation. The Military and Industrial sectors are significant contributors to the market due to their requirement for secure, long-range communication. The Evaluation Quadrant provides a comprehensive analysis of the market, including market size, growth trends, and competitive landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeTransceiversTransmittersReceiversLoRaApplicationRemote MeteringSmart HomeSmart CitySmart AgricultureOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/sub-ghz-module-market-to-grow-by-usd-650-3-million-2024-2028-with-smart-city-initiatives-driving-demand-ai-powered-report–technavio-302244995.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Typeform Delivers New Solutions to Empower B2C Businesses to Better Engage Customers

Published

on

By

Brands can now use video, data enrichment, and AI-powered capabilities to create interactive, hyper-personalized experiences and uncover deeper insights

SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ — Typeform, the intuitive form builder and conversational data collection platform, today announced new features that provide business-to-consumer (B2C) businesses with the context, clarity, and convenience needed to better engage and understand their customers. Now businesses can further enhance the respondent experience, all while gathering richer, actionable data. 

Today, 70% of consumer decisions are based on emotion, including brand preference.¹ Buyers expect brands to tailor experiences to their personal preferences more than ever, but at the same time, they’re also becoming more cautious about sharing personal information. Typeform’s latest features help brands collect data directly from customers through interactive, personalized experiences they trust, then automatically enhance it with third-party insights to deepen their understanding. This empowers companies to deliver more targeted, data-driven marketing.

“Businesses can’t thrive on surface-level insights,” said Aleks Bass, Chief Product Officer, Typeform. “Our latest innovations give you the ability to dig deeper into truly knowing your customers by providing dynamic data collection experiences that encourage quality responses. Whether boosting conversions with a personalized product recommendation quiz or gathering feedback through video surveys, the common denominator is that your customers enjoy the experience.”

The offerings were unveiled at Typeforum 2024, Typeform’s first-ever virtual product spotlight event, designed to showcase the latest innovations from the company. Newly released features include: 

Enhanced Video Capabilities: Typeform now allows customers to respond with video, providing businesses deeper insights through voice and expressions, not just text. This builds on Typeform’s existing feature that enables creators to record, edit, and embed personalized videos into forms, boosting engagement and conversions. Typeform research found that 65% of marketers believe video is an effective tool for engaging and interacting with customers in ways that feel more human and create connection and loyalty.²Clarify with AI: Typeform’s Clarify with AI acts as a virtual interviewer, prompting follow-up questions based on customer responses. When a customer is asked about their experience and answers vaguely, like “good,” the AI encourages more detailed feedback, asking, “Good, how? What stood out?” For customers, it feels like a personalized conversation. For brands, it delivers more insights. Automated B2C Data Enrichment: Earlier this year, Typeform introduced automated B2B data enrichment, making it easier than ever to understand customers at a deeper level without needing to ask additional questions. Now, consumer-level enrichment is available in the Typeform platform. With just a personal email address, companies can pull in key data points from trusted third-party sources, providing a more complete picture of who’s on the other side of the screen.AI-powered Qualitative Analysis: With this feature, businesses can instantly analyze large volumes of text and video responses to surface key themes and insights, saving hours of manual work. Data Quality Tools: Invisible reCAPTCHA ensures data integrity by blocking bots and automated submissions, allowing only genuine responses to be collected. This safeguard enhances data reliability, helping teams make accurate, data-driven decisions.Klaviyo Integration: Typeform will soon be launching a new integration with Klaviyo, designed for B2C and direct-to-consumer (DTC) marketers. It will ensure that every insight gathered flows seamlessly into Klaviyo. Manual data transfers are eliminated as segments automatically update with Typeform data, enabling hyper-targeted campaigns customized to each customer’s unique profile. This integration combines Typeform’s interactive data collection with Klaviyo’s automation, facilitating more natural, personalized customer connections while driving business growth.

“We built a powerful product recommendation quiz not just to help our customers, but to generate invaluable data that allows us to better segment and engage them with relevant marketing,” said Addison Wennar, Digital Communications Manager, OGEE. “With the holiday shopping season approaching, these insights will be key. Typeform already delivers the highest response rates for us, and I’m excited to see how the new features will amplify that impact.”

The features are available today in Typeform for Growth plans. Watch the Typeforum 2024 recordings and learn how to use Typeform to better understand and engage customers here

About Typeform
Typeform is a distinctly intuitive form builder that helps over 150,000 customers collect and validate the data they need to grow their businesses. Designed with striking visuals, a conversational flow, and powerful data capabilities, Typeform empowers brands to give and get more with each form. Typeform drives more than 500 million responses each year and integrates with essential tools including Zapier, HubSpot, and Slack. For more information, visit www.typeform.com.

1         Pendell, R. (2024, October 15). Customer brand preference and decisions: Gallup’s 70/30 principle. Gallup.com. https://www.gallup.com/workplace/398954/customer-brand-preference-decisions-gallup-principle.aspx#:~:text=70%25%20of%20decisions%20are%20based,Making%20Process:%20Rational%20or%20Emotional?

2          Data from a survey of 105 Typeform customers conducted on September 30, 2024.

View original content to download multimedia:https://www.prnewswire.com/news-releases/typeform-delivers-new-solutions-to-empower-b2c-businesses-to-better-engage-customers-302305917.html

SOURCE Typeform S.L.

Continue Reading

Technology

Electronic Drives and Controls Celebrates Impressive Growth and Strong Demand for Industrial Automation Solutions

Published

on

By

EDC has announced 39% revenue growth over the past year and a strengthened presence in the metals converting and composites industries. The company has also maintained key certifications, including CSIA, UL508A, Rockwell Automation, Siemens, and Ignition.

PARSIPPANY, N.J., Nov. 14, 2024 /PRNewswire-PRWeb/ — Electronic Drives and Controls, Inc. (EDC), a leading control system integrator and field service company for industrial automation and drive technology, today announced that the company has experienced a year of growth and success, achieving a 39% increase in revenue year-over-year. To meet the growing demand for automation and drive solutions, EDC has expanded its team, hiring Ricky Arcky as human resources manager and Tyler Schaberick as systems engineer. EDC attributes this growth to maintaining industry certifications, digital marketing efforts, a dedicated team, and strong, long-term partnerships.

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients.”

“We are proud of the growth we’ve achieved this year, which is a testament to the hard work of our team and our commitment to delivering exceptional service to our clients,” said Chuck Dillard, Vice President of EDC. “Our recent hires and increased project load reflect our strategy to grow both wider and deeper with our existing clients, as well as entering new industries.”

“We’ve put in years of preparation and invested heavily in digital marketing to get the word out about our services, knowing that growth was inevitable,” Dillard added. “Our team has worked tirelessly and the results speak for themselves: clients continue to return to us because of our technical expertise and the strong results we deliver.”

EDC’s expertise in coating & laminating, wire and cable, PLC programming and upgrades, as well as drive service, has allowed the company to strengthen its presence in the metals converting industry, securing new and expanded projects across multiple client plants. EDC has also successfully completed upgrades for a new client in the composites industry, widening the portfolio of industries it caters to.

In addition to recent growth, EDC remains committed to maintaining the highest industry standards through its CSIA certification, which ensures adherence to best practices in control system integration. Several certifications, including UL508A recertification and certifications from Rockwell Automation, Siemens, and Ignition, further emphasize EDC’s dedication to safety, technical proficiency, and continuous improvement.

About Electronic Drives and Controls, Inc.
Founded in 1968, Electronic Drives and Controls, Inc. (EDC) is a CSIA Certified control system integrator with deep domain expertise in the coating and laminating, and converting industries. The company’s large field service team specializes in AC and DC drives, PLCs and factory automation. Family owned and operated for more than 50 years, EDC’s team of engineers and technicians has a vast experience integrating new control systems and breathing life into older equipment. EDC has the engineering capability to design, build, start-up and service projects from the sophisticated to the simple and the service support team on call 24/7/365 to keep it all running at peak efficiency from day one and for years to come. In addition to the company’s certification as a Siemens Solution Partner and a Rockwell Automation Recognized System Integrator, EDC is a factory authorized/factory trained service center for over 40 drive brands. For more information, visit the company’s website, LinkedIn, Twitter, Facebook, and YouTube.

Media Contact

Georgia Whalen, Rivergate Marketing, (978) 697-2664, Gwhalen@rivergatemarketing.com, www.electronicdrives.com/home/

View original content to download multimedia:https://www.prweb.com/releases/electronic-drives-and-controls-celebrates-impressive-growth-and-strong-demand-for-industrial-automation-solutions-302305739.html

SOURCE Electronic Drives and Controls, Inc. (EDC)

Continue Reading

Technology

Allstate Financial Services Selects Covr to Provide Life Insurance, Long-Term Care, and Disability Insurance Solutions

Published

on

By

Covr’s Digitally Enabled Insurance Platform Will Simplify the Buying Process

HARTFORD, Conn., Nov. 14, 2024 /PRNewswire/ — Covr, a leading digital insurance provider, has partnered with Allstate Financial Services, LLC to offer a streamlined suite of life, long-term care (LTC), and disability income insurance solutions through Covr’s digital platform. This partnership provides Allstate Financial Services customers with a simple, connected experience, featuring an intuitive, paperless process that makes it easier than ever to purchase insurance tailored to their diverse needs.

Covr’s platform offers an easy-to-use, self-guided experience to efficiently compare and recommend insurance products. Additionally, Allstate Financial Services will offer a range of products through Covr’s platform, including guaranteed issue life insurance through Gerber Life and disability insurance through Assurity, Ameritas, MassMutual, Mutual of Omaha and Principal. Traditional long-term care will also be available through Mutual of Omaha.

“We are extremely pleased to add Allstate’s network of 7,000+ representatives to our insurance platform,” said Michael Kalen, CEO of Covr. “Their business owners and individual customer base fits perfectly with our portfolio of simplified life, LTC, and disability income solutions for agents and their customers.”

“We’re committed to expanding solutions that better meet our customers’ protection needs,” said Scott Delaney, President and CEO, Allstate Financial Services. “With Covr’s digital platform, our representatives can deliver a more connected experience and offer a broader range of insurance options tailored to each customer’s unique needs.”

Allstate representatives will collaborate closely with Covr’s sales team to ensure ongoing support. Allstate Financial Services will also benefit from Covr’s top-tier case management services, providing end-to-end support throughout the entire insurance process.

View original content to download multimedia:https://www.prnewswire.com/news-releases/allstate-financial-services-selects-covr-to-provide-life-insurance-long-term-care-and-disability-insurance-solutions-302306004.html

SOURCE Covr Financial Technologies

Continue Reading

Trending