Technology
JD Martin Company Launches New Brand Identity
Published
2 days agoon
By
HOUSTON, Jan. 28, 2025 /PRNewswire/ — The JD Martin Company, a leading manufacturers representative firm for more than seventy years, is excited to announce the launch of its new brand identity. The company engaged Mower, a globally renowned B2B marketing communications firm, to perform the research, the creative, and the value proposition messaging. The rebranding initiative modernizes the look of the company while reinforcing its long held values.
The rebranding includes a refreshed, updated logo, a vibrant new color palette, and a re-statement of the firm’s value proposition. A new tag line of local power…accelerated growth reflects the company’s operating principals. Local power highlights the J D Martin emphasis on local autonomy for its operating companies and sellers across its seventeen states served territory. Accelerated growth is generated from the corporate processes and centralized back-office functions enabling the operating companies to focus on selling, building local relationships, and targeting fast growing vertical markets for their manufacturers and distributors. Utilizing an enterprise wide business operating system, a proprietary data management and Ai business intelligence tool, Visie, and a leading performance management platform, JD Martin provides the foundation for building customer relationships and accelerating sales growth across the company.
“Upon celebrating our 70th year and completing a series of strategic growth initiatives, it was the right time to rebrand the company, said Greg Baker, CEO of JD Martin. While the way we look may be different, how we connect with our customers has not changed. Business growth thrives from local connections and trusted relationships. Our core value of being a trusted partner intent on significantly growing sales is the strategic cornerstone of our company.”
Converting both digital and physical assets is underway and will be completed in the coming months. To learn more about JD Martin click the link to the video or contact Brooke Schell, Director of Marketing at bschell@jdmartin.com.
About JD Martin
JD Martin Company is an electrical manufacturers’ representative agency that sells and markets premier lines of electrical products to OEM and MRO contractors, and end-user markets through wholesale distribution. Since 1954, we have supported industries such as oil & gas, mining, steel, wastewater treatment, wind power generation and commercial construction. We offer impactful solutions and sell electrical products, through qualified electrical distributor channels, in over seventeen states in territories that include Alabama, Arkansas, The Carolinas, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, Montana, New Mexico, Oklahoma, Tennessee, Texas, Virginia, and Wyoming.
About Mower
Mower is a 100% employee owned and digitally integrated independent marketing, advertising, and public relations agency. Women-led, it has professional staff in eighteen cities throughout the U.S. With the mission of Making Fierce Friends™ between brands, customers and stakeholders, Mower delivers strategic insights and counsel, digital solutions, smart creative and award-winning results to clients in a wide range of industries and service sectors, including Energy & Sustainability, Healthcare, Financial Services, Travel & Tourism, Building & Construction, and Transportation & Logistics. It has earned top industry accolades from Clio, Cannes, and ANA B2 awards and is the only full-service independent agency ranked in Ad Age, B2B Marketing, PRWeek and Chief Marketer. Mower is part of two global agency networks- thenetworkone and IPREX -as well as the 4A’s.
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SOURCE JD Martin Co.
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Technology
Data Analytics Market to grow by USD 288.7 Billion (2025-2029), the extensive use of modern technology in company operations boosts the market, Report with market evolution powered by AI – Technavio
Published
42 minutes agoon
January 31, 2025By
NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global data analytics market size is estimated to grow by USD 288.7 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 14.7% during the forecast period. Extensive use of modern technology in company operations is driving market growth, with a trend towards prevalence of internet and increased use of linked and integrated technologies. However, integration of data from different sources poses a challenge. Key market players include Alteryx Inc., Amazon.com Inc., Datameer Inc., Dell Technologies Inc., Fair Isaac Corp., Google LLC, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Mu Sigma, Oracle Corp., Rapidops Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Teradata Corp., ThoughtSpot Inc., TIBCO Software Inc., and Zoho Corp. Pvt. Ltd..
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Data Analytics Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 14.7%
Market growth 2025-2029
USD 288.7 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
12.5
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
APAC at 38%
Key countries
US, Germany, UK, Canada, France, China, Brazil, Japan, India, and South Korea
Key companies profiled
Alteryx Inc., Amazon.com Inc., Datameer Inc., Dell Technologies Inc., Fair Isaac Corp., Google LLC, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Mu Sigma, Oracle Corp., Rapidops Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Teradata Corp., ThoughtSpot Inc., TIBCO Software Inc., and Zoho Corp. Pvt. Ltd.
Market Driver
The data analytics market is experiencing significant growth with key players like Orbital Insight, Carahsoft Technology Corp, Google, and others leading the way. Orbital Insight provides satellite imagery and data analytics for trade markets, while Carahsoft offers data analytics tools for government agencies and healthcare data research. Google’s TerraScope offers traffic trend and demand forecasting for various sectors including e-commerce, banking, and IT services. Google’s GA4 and Google Ads campaigns provide cross-product access management for advertising and customer service analytics. Data security concerns continue to be a focus with the rise of big data and the use of social media platforms for marketing strategies. Predictive, prescriptive, and descriptive analytics are essential for businesses to gain insights into customer behavior and differentiate from competitors. New business prospects include text analytics, social media, and mobile technology. Real-time security is crucial to prevent data loss incidents and cyberattacks. The market is also seeing opportunities in procurement efficiency, enterprise resource planning, supply chain management, human resource management, database management, and cloud or on-premises solutions. Mobile technology, including internet-connected mobile devices like smartphones and tablets, is driving the consumption of data. Unstructured data and analytical tools are essential for businesses to make informed decisions and improve business processes. The market is expected to continue growing with the increasing use of data analytics in various industries.
The proliferation of the Internet and advanced Internet services have led to a substantial increase in data generation. Globalization and economic expansion are key drivers of this trend, as more touchpoints emerge and organizations seek to understand consumer behavior. This has resulted in a growing need for data collection and analysis. Consequently, companies are hiring data scientists and analysts to manage and derive insights from their expanding data sets. Additionally, the potential for revenue generation through data analytics is a significant motivator for adoption.
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The data analytics market is experiencing significant growth as businesses and organizations across various industries, including trade markets, healthcare, government agencies, banking, e-commerce, IT services, and more, seek to gain valuable insights from their data. Companies like Orbital Insight and Carahsoft Technology Corp are leading the way with innovative data analytics tools for forecasting trends in industries like trade and traffic. Google, with its GA4 and Google Ads campaigns, offers powerful data analytics capabilities for marketing and customer service. However, challenges persist in managing cross-product access, ensuring data security, and addressing data security concerns, particularly in relation to social media platforms and mobile technology. Big data market trends include the use of predictive and prescriptive analytics, text analytics, and real-time security. New business prospects lie in areas like fraud and security intelligence, data mining, and supply chain management. Data consumption is on the rise, driven by the increasing use of internet-connected mobile devices like smartphones and tablets. Cloud and on-premises solutions offer different advantages, and businesses must consider their specific needs when choosing a data analytics solution. Procurement efficiency and corporate growth are key opportunities for businesses in this market.Businesses today rely on extracting valuable insights from data to make informed decisions, reduce risks, and identify key consumer segments. However, collecting and consolidating data from various sources can be challenging for large corporations. Data exchanges and ecosystems offer solutions by enabling the centralized analysis of acquired data and ensuring data accuracy. The implementation and evolution of these tools vary based on the perceived value of data for different client groups. By utilizing data interchange and ecosystems, companies can effectively manage and leverage their data assets for optimal business performance.
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This data analytics market report extensively covers market segmentation by
Component 1.1 Services1.2 Software1.3 HardwareDeployment 2.1 Cloud2.2 On-premisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America
1.1 Services- In the Data Analytics Market, the Services segment is expected to experience significant growth during the forecast period. This growth can be attributed to the implementation and integration of service-oriented architectures (SOAs), which enable the seamless integration of applications. SOAs characterize services as logical representations of repetitive operations with specific outcomes. These services are self-contained, with interfaces that define how data is communicated. Additionally, the importance of effective customer service cannot be overstated. The Training and Support service segment ensures that employees are equipped with the necessary skills and knowledge to enhance customer satisfaction. This includes roles such as customer service agents, sales engineers, and field service technicians. Furthermore, Consulting services, which provide professional services like implementation, configuration, custom development, and training, contribute to the market’s growth. Overall, these factors underscore the importance of services in the Data Analytics Market.
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The Data Analytics market is experiencing exponential growth due to the increasing demand for data-driven insights across various industries. This market encompasses solutions for forecasting trends in trade markets, healthcare data, and research analysis, among others. Orbital Insight and TerraScope are notable players in this space, offering advanced analytics tools for traffic trend forecasting and demand forecasting, respectively. Google, with its GA4 and Google Ads campaigns, is a major player in digital advertising and data analytics. Cross-product access management is a crucial aspect of data analytics, ensuring secure access to data for IT services, government agencies, banking, e-commerce, and other sectors. Data security concerns are a top priority, driving the need for advanced data analytics tools and social media analytics for platforms like Google Ads and social media. The big data market continues to expand, fueled by the growing demand for email campaigns, customer service analytics, and e-commerce sector insights.
The Data Analytics market is experiencing exponential growth due to the increasing demand for insights from various sectors such as trade markets, healthcare, research analysis, government agencies, banking, e-commerce, IT services, and more. Data analytics tools are being used for forecasting trends in traffic, demand, and consumer behavior, providing valuable insights for advertising campaigns, product promotions, and business processes. The market encompasses various types of analytics including Predictive, Prescriptive, Descriptive, Customer, Data Management, Fraud & Security Intelligence, Data Mining, Data Monitoring, and Text analytics. Mobile technology, including internet-connected mobile devices like smartphones and tablets, is driving new business prospects in the big data market. However, with the increasing consumption of data comes data security concerns. Real-time security measures are essential to prevent data loss incidents and cyberattacks. Cloud and on-premises solutions offer different advantages, and the choice between them depends on the specific needs of the organization. Key market opportunities include cross-product access management, social media analytics, email campaigns, customer service analytics, and enterprise resource planning. Supply chain management, human resource management, database management, and various other business processes are also being transformed through data analytics. Overall, the data analytics market is a dynamic and evolving landscape, offering numerous opportunities for innovation and growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ComponentServicesSoftwareHardwareDeploymentCloudOn-premisesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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.
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/
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SOURCE Technavio
Technology
In-Car Wi-Fi Market to grow by USD 1.79 Trillion from 2025-2029, wide range of data plans for in-car Wi-Fi to suit individual needs boost the market, Report with the AI impact on market trends – Technavio
Published
2 hours agoon
January 31, 2025By
NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global in-car wi-fi market size is estimated to grow by USD 1.79 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 96.4% during the forecast period. Wide range of data plans for in-car wi-fi to suit individual needs is driving market growth, with a trend towards big data platform provided by connected cars. However, consumer reluctance to adopt in-car wi-fi poses a challenge. Key market players include AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dr. Ing. H.c. F. Porsche AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., KIA CORP., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., NIO Ltd., Nissan Motor Co. Ltd., Rairdons Subaru of Auburn, Renault SAS, SsangYong Motor Co., Tesla Inc., Toyota Motor Corp., and Volkswagen AG.
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In-Car Wi-Fi Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 96.4%
Market growth 2025-2029
USD 1789262.4 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
75.3
Regional analysis
Europe, APAC, North America, Middle East and Africa, and South America
Performing market contribution
Europe at 49%
Key countries
Germany, UK, US, France, China, Italy, Canada, Japan, India, and South Korea
Key companies profiled
AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., Chongqing Changan Automobile Co. Ltd., Dr. Ing. H.c. F. Porsche AG, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., KIA CORP., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., NIO Ltd., Nissan Motor Co. Ltd., Rairdons Subaru of Auburn, Renault SAS, SsangYong Motor Co., Tesla Inc., Toyota Motor Corp., and Volkswagen AG
The In-Car Wi-Fi market is booming as consumers and businesses demand seamless connectivity for their digital devices in vehicles. This trend is particularly strong in commercial vehicles for real-time tracking, fleet management, and autonomous driving. AI algorithms and driver preferences are key factors in enhancing customer satisfaction. 5G technology and wireless internet connectivity are driving the market, enabling high-speed online services, mobile hotspots, and connected environments for cars. Hardware components include embedded, tethered, and integrated systems for passenger cars. The market caters to commercial, residential, and government segments, with car manufacturers and tech companies offering connectivity features, infotainment systems, and entertainment. 3G, 4G, and 5G networks, dedicated modems, and cellular networks are essential components. The market offers flexibility, convenience, and reduced latency, but data security and privacy concerns remain. Personalization and data usage guidelines are crucial for customer confidence. Smart cities and intelligent transportation systems are future growth areas, along with vehicle-to-vehicle communication and autonomous driving.
The automotive industry’s shift towards connectivity presents a significant business opportunity for Original Equipment Manufacturers (OEMs) to create valuable in-car Wi-Fi solutions for customers. Real-time data generated by telematics devices in connected cars is set to expand, providing data on factors like speed, acceleration, deceleration, mileage, fuel consumption, and navigation details. This data, which ranges from 6 MB to 20 MB per customer annually, equates to over 1 TB for 100,000 vehicles, making it a substantial asset for businesses.
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The In-Car Wi-Fi market is growing rapidly as more drivers and passengers demand seamless connectivity for their digital devices. This trend is particularly strong in commercial vehicles, where real-time tracking and fleet management are crucial for business efficiency. However, providing reliable internet connectivity in cars comes with challenges. Seamless connectivity is essential for passenger experience and convenience, especially with the rise of autonomous vehicles and intelligent transportation systems. Hardware components, such as dedicated modems and mobile hotspots, are key to delivering wireless internet connectivity. Car manufacturers and tech companies are investing in 5G technology to provide faster speeds and reduced latency for online services like entertainment, over-the-air software updates, and vehicle diagnostics. The market is segmented into commercial, residential, and government sectors. Commercial segment focuses on fleet management and telematics services, while residential segment caters to passenger cars and personalization. Government segment is essential for smart cities and intelligent transportation systems. However, challenges remain, including data security and privacy concerns, signal coverage in rural areas, and data usage guidelines to maintain customer confidence. AI algorithms and driver preferences are also crucial factors in ensuring customer satisfaction. The future of In-Car Wi-Fi lies in 5G technology, vehicle-to-vehicle communication, and personalized connected environments.In-car Wi-Fi is an emerging technology that raises the question of consumer preference between using their smartphones as hotspots or paying for dedicated in-car Wi-Fi. While both options use the same data, the decision may depend on factors such as convenience and privacy concerns. For Original Equipment Manufacturers (OEMs), prioritizing user needs is crucial to creating a successful in-car Wi-Fi experience. Security and privacy are significant concerns for consumers, and addressing these issues can help boost adoption. OEMs must consider these factors and offer competitive pricing to attract customers to in-car Wi-Fi solutions.
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This in-car wi-fi market report extensively covers market segmentation by
Technology 1.1 3G and 4G1.2 5GApplication 2.1 Residential2.2 CommercialGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South AmericaChannelVehicle Type
1.1 3G and 4G- The in-car Wi-Fi market has witnessed significant growth due to the transition from 3G to 4G networks. The 3G network, introduced in the early 2000s, set the foundation for advanced wireless technologies with features like web browsing, email, and video downloads. The 3G network used UMTS technology and WCDMA air interface, offering faster data rates and more efficient transmissions. However, with the advent of 4G LTE networks, major automotive OEMs, such as General Motors, Ford, Audi, and Porsche, began providing in-car Wi-Fi at faster speeds. The 4G network, based on LTE-advanced-3GPP, offers up to 100Mbps download and 50Mbps upload speeds, reduced latency, and supports a high number of users. LTE technology is preferred over WiMAX in the automotive industry due to its network stability and proven success in the telecom industry. The global in-car Wi-Fi market is expected to continue growing, but the emergence of 5G technology may limit its growth as major vendors like General Motors explore this new technology. By 2024, General Motors aims to provide 5G-enabled vehicles using AT&T’s network.
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The In-Car Wi-Fi market is experiencing significant growth as consumers and commercial fleet operators demand seamless connectivity for their digital devices in vehicles. This technology enables real-time tracking, fleet management, and improved passenger experience in both personal and commercial vehicles. Artificial intelligence and AI algorithms are being integrated to cater to driver preferences and enhance customer satisfaction. Autonomous vehicles are also expected to benefit from this trend, providing a connected environment for passengers. Mobile hotspots, cellular networks, and dedicated modems are key components of In-Car Wi-Fi systems, while car manufacturers and tech companies continue to introduce new connectivity features. The Internet of Things and infotainment systems are also being integrated to provide entertainment and improve signal coverage for laptops, tablets, and other devices.
The In-Car Wi-Fi market is experiencing significant growth as seamless connectivity becomes an essential requirement for digital device users. This technology is increasingly being adopted in commercial vehicles for real-time tracking and fleet management, enhancing driver preferences and improving customer satisfaction. Artificial intelligence and AI algorithms are being integrated to provide personalized experiences for passengers in transportation, making it a key component of smart cities and intelligent transportation systems. Connected cars offer wireless internet connectivity through mobile hotspots, enabling online services such as web surfing, email, and entertainment. The technology is available in various forms, including embedded, tethered, and integrated systems, catering to passenger cars, commercial vehicles, and even autonomous vehicles. 5G technology is revolutionizing the market with reduced latency, faster speeds, and high-quality video capabilities. The market is segmented into commercial, residential, and government segments, with data plans, personalization, flexibility, data security, and privacy concerns being key considerations. The market includes various components, such as dedicated modems, car manufacturers, tech companies, and connectivity features, making it an integral part of the Internet of Things and infotainment systems. The future of In-Car Wi-Fi promises autonomous driving, vehicle-to-vehicle communication, and over-the-air software updates, enhancing the passenger experience and enabling seamless connectivity in rural and urban areas.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Technology3G And 4G5GApplicationResidentialCommercialGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth AmericaChannelVehicle Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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.
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/
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SOURCE Technavio
Technology
Lighting Market set to grow by USD 62.8 Billion from 2025-2029, driven by new developments and product launches, with AI shaping market trends – Technavio
Published
3 hours agoon
January 31, 2025By
NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global lighting market size is estimated to grow by USD 62.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 7.4% during the forecast period. Growing number of developments and lighting product launches is driving market growth, with a trend towards advances in automotive lighting systems. However, sustainability issue in lighting industry poses a challenge. Key market players include Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Digital Lumens Inc., Eaton Corp plc, Ennostar Inc., General Electric Co., GrowRay Lighting Technologies, Havells India Ltd., Hubbell Inc., IDEAL INDUSTRIES Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., SMART Holdings Inc., Syska Led Lights Pvt. Ltd., and Toyoda Gosei Co. Ltd..
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Lighting Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 7.4%
Market growth 2025-2029
USD 62.8 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
6.4
Regional analysis
APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution
APAC at 45%
Key countries
US, China, Germany, UK, Japan, India, France, South Korea, Canada, and Italy
Key companies profiled
Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Digital Lumens Inc., Eaton Corp plc, Ennostar Inc., General Electric Co., GrowRay Lighting Technologies, Havells India Ltd., Hubbell Inc., IDEAL INDUSTRIES Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., SMART Global Holdings Inc., Syska Led Lights Pvt. Ltd., and Toyoda Gosei Co. Ltd.
Market Driver
The lighting market is thriving with trends in interior designing, photography, and scientific advancements. LED lights are leading the charge, replacing traditional incandescent, CFL, LFL, HID, and halogen bulbs due to their energy efficiency and longer life expectancy. LEDs are not just for houses but also for automotive headlamps, aviation, advertising, and traffic signals. Developing and under-developing nations are adopting solar and off-grid solutions for energy consumption reduction. Effective manufacturers like Signify are introducing energy-efficient luminaires, light control systems, and smart LED bulbs. Urban cities and commercial buildings are implementing smart lighting solutions to reduce electricity costs and promote environmental sustainability. The Biden Harris Administration supports smart cities initiatives to minimize capital costs and logistics inefficiency. LEDs are also used in horticulture, medical devices, and camera flashes. The future of lighting is smart, energy-efficient, and cost-effective.
Adaptive lighting systems are gaining popularity in both commercial and automotive industries due to their enhanced safety and comfort features. These systems, specifically designed for night driving and low-light conditions, improve visibility around curves and hills by adjusting the beam direction based on steering input. In contrast, standard headlights continue to illuminate the road straight ahead, leaving the side of the road unlit. Additionally, when climbing a hill, adaptive headlamps prevent the beams from pointing upward, ensuring optimal visibility on the road ahead. This technology enhances driving safety and provides a more comfortable driving experience.
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Market Challenges
The lighting market encompasses various sectors including interior designing, photography, and scientific research. Lighting solutions range from LEDs for houses and commercial buildings to automotive and outdoor applications. Scientists continue to innovate with LEDs for plants and energy-efficient solutions. Developing and under-developing nations face challenges with electricity access and affordability. Effective manufacturers produce luminaires and light control systems, addressing energy consumption and operating costs. Solar and LED technologies offer cost-effective, energy-efficient alternatives, especially in the off-grid solar sector. LEDs replace traditional incandescent, CFL, LFL, HID, and halogen bulbs in general and automotive lighting. Energy costs remain a concern, driving the adoption of smart LED bulbs and outdoor lighting. Real estate, semiconductor, and aviation industries utilize advanced lighting technologies. Energy efficiency and environmental sustainability initiatives, such as the Biden Harris Administration’s focus on smart cities, further fuel market growth. Effective lighting solutions improve urban cities, highways, commercial malls, airports, and various industries like horticulture, medical devices, and advertising. Smart lighting solutions integrate with building automation systems, HVAC, and security for energy savings and improved functionality.The lighting market faces a significant challenge in ensuring sustainability as the demand for environmentally friendly and energy-efficient solutions, such as CFLs and LED lighting, increases. However, the availability of rare earth elements, like those used in Phosphor-based LEDs, is limited, leading to potential price hikes and supply chain disruptions. Addressing this issue is crucial for the continued growth of the lighting industry. Sustainable lighting solutions not only reduce the environmental impact but also offer cost savings in the long run. Companies must work towards finding alternative sources or recycling methods for rare earth elements to mitigate these risks.
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Segment Overview
This lighting market report extensively covers market segmentation by
ApplicationType 2.1 LED technology2.2 Traditional technologyGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South AmericaProductDistribution Channel
1.1 General lighting – The general lighting market encompasses various products such as lamps, electronics, consumer luminaires, systems, and professional luminaires and systems. This segment is the largest in the lighting industry, primarily used in residential, commercial, and outdoor applications. Notable companies like Signify NV, OSRAM, and IDEAL INDUSTRIES Inc. Dominate this sector. LED technology, introduced in the 1970s, has significantly impacted the market with its advantages like low maintenance, long lifespan, energy efficiency, and eco-friendliness. The decreasing LED prices further boost its popularity. Developed countries are adopting connected lighting technology, enabling control of fixtures via smartphones, which may lead to new opportunities for growth in the general lighting market.
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Research Analysis
The lighting market encompasses various applications of light in interior designing, photography, and scientific research. LED lights, with their energy efficiency and long lifespan, have revolutionized the industry. Plants thrive under LEDs, making them popular in horticulture. Lighting plays a crucial role in electricity consumption and energy costs, making energy-efficient solutions essential. Scientists continue to explore metals and white light for advanced applications. LEDs dominate automotive headlamps and aviation, while CFL bulbs are phased out. Advertising, traffic signals, medical devices, camera flashes, and lighted wallpapers also utilize specialized lighting. The Biden Harris Administration pushes for energy-efficient lighting through policies. The Color Rendering Index measures light’s ability to reveal colors accurately. CEA systems, LED lighting, building automation, HVAC, security, and smart lighting solutions further expand the market’s scope.
Market Research Overview
The lighting market encompasses various applications, from interior designing and photography to scientific research and automotive industries. LEDs have revolutionized the sector with their energy efficiency and long life span, replacing traditional incandescent, CFL, LFL, HID, and halogen bulbs. Plants and developing nations benefit from solar lighting in houses and off-grid solar sectors. Light control systems and environmental actions reduce electricity consumption. AI and smart lighting solutions optimize energy usage in urban cities, commercial buildings, malls, stores, restaurants, hospitals, schools, parking lots, and real estate. Semiconductors and effective manufacturers offer cost-effective LED fixtures and luminaires, addressing energy problems and environmental degradation. The Biden Harris Administration supports energy efficiency and environmental sustainability initiatives, including smart outdoor lighting, traffic signals, and lighting for bridges and buildings. The market includes various players from the automotive, retail, aviation, advertising, medical devices, and traffic signal industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ApplicationTypeLED TechnologyTraditional TechnologyGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth AmericaProductDistribution Channel
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
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SOURCE Technavio
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