Technology
Liquid Crystal Polymer (LCP) Films and Laminates Market Size to Grow USD 355.5 Million by 2029 at a CAGR of 6.7% | Valuates Reports
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6 months agoon
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BANGALORE, India, July 19, 2024 /PRNewswire/ — Liquid Crystal Polymer (LCP) Films and Laminates Market is Segmented by Type (Films, Laminates), by Application (Electrical & Electronics, Acoustics & Optics): Global Opportunity Analysis and Industry Forecast, 2023-2029.
The global Liquid Crystal Polymer (LCP) Films and Laminates market was valued at USD 224.6 Million in 2022 and is anticipated to reach USD 355.5 Million by 2029, witnessing a CAGR of 6.7% during the forecast period 2023-2029.
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Major Factors Driving the Growth of Liquid Crystal Polymer (LCP) Films and Laminates Market:
The market for liquid crystal polymer (LCP) films and laminates is expanding quickly as a result of the growing need in the automotive, medical, and electronics industries for high-performance materials. Because of their superior mechanical, chemical, and thermal durability, LCP films and laminates are perfect for use in flexible circuits, connections, and antennas. The market is expanding as a result of the growing miniaturization of electronic gadgets and the demand for strong, lightweight materials. Furthermore, the need for LCP films and laminates is increasing due to the automotive industry’s transition to electric vehicles and advanced driver-assistance systems (ADAS). To maintain their competitiveness in this fast-paced market, businesses are spending money on research and development in order to innovate and enhance their product offers.
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TRENDS INFLUENCING THE GROWTH OF THE INSECT CELL CULTURE MARKET
Because of its remarkable thermal, mechanical, and electrical qualities, liquid crystal polymer (LCP) films are used in the electrical and electronics industries, which is propelling the expansion of the LCP films and laminates market. Because of their exceptional dimensional stability, low dielectric constant, and great temperature resistance, LCP films are being used more and more in flexible printed circuits, connectors, and other electronic components. Due to these qualities, LCP films are perfect for high-frequency and high-speed data transmission, two areas of advanced electronics where conventional materials are inadequate. The requirement for LCP films in the electrical and electronics industry increases along with the demand for more compact, dependable, and efficient electronic devices, which drives the market’s overall growth.
The market for Liquid Crystal Polymer (LCP) films and laminates is expanding because of laminates’ stronger performance in high-frequency and high-temperature applications. Because of their exceptional electrical qualities, low moisture absorption, and high dimensional stability, LCP laminates are widely utilized in printed circuit boards (PCBs) and other electronic substrates. In modern electronics, these characteristics are essential for preserving signal integrity and dependability, especially in the automobile, aerospace, and telecommunications industries. The increasing need for compact, high-performing electronic gadgets makes it necessary to employ premium laminates that are resistant to damage and offer reliable performance. The growing market for LCP laminates is mostly being driven by their expanding use in a variety of high-tech applications.
The use of liquid crystal polymer (LCP) films and laminates in optics and acoustics is another factor driving the market’s expansion. Because of their remarkable acoustic qualities, LCP films are perfect for use in high-fidelity speakers, microphones, and other acoustic devices where sound quality and clarity are crucial. Because of its high transparency, low birefringence, and thermal stability, LCP films are prized in the field of optics and are used for lenses, display technologies, and optical components in a variety of electronic devices. The demand for improved performance from acoustic and optical components in industries like consumer electronics, automotive, and telecommunications is fueling the use of LCP films, which in turn is propelling the growth of the LCP film and laminate market as a whole.
Another significant element propelling the market for LCP films and laminates is the expansion of the automobile industry. Materials that can survive extreme environments are needed because of the growing integration of electronic systems in automobiles, such as infotainment systems, advanced driver-assistance systems (ADAS), and electric vehicle components. LCP films are perfect for automotive applications because of their superior chemical resistance, thermal stability, and electrical insulation. The demand for LCP films is further increased by the global movement toward electric and hybrid cars, which have higher electrical component requirements and dependability in a range of driving scenarios.
The market for LCP films and laminates is growing thanks in large part to the expansion of the medical device industry. Materials with high precision and biocompatibility are becoming more and more necessary as the need for improved medical gadgets, diagnostic tools, and minimally invasive surgical instruments rises. The superior mechanical qualities, chemical resistance, and low moisture absorption of LCP films make them the material of choice for medical applications. These characteristics render them appropriate for the production of a range of medical components, including sensors, microelectromechanical systems (MEMS), and other electronic devices seen in healthcare environments.
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LIQUID CRYSTAL POLYMER (LCP) FILMS AND LAMINATES MARKET ANALYSIS
The substantial share of LCP films in this market is driven by the growing desire for electronics to be smaller and by the rising manufacturing of smartphones, tablets, and other consumer electronics. The use of LCP films is further increased by the push toward lighter, more compact, and more efficient electronic components.
Because of their remarkable dielectric qualities, great mechanical strength, and superior resilience to heat and chemicals, LCP films find widespread application in the electrical and electronics sector. Because of these qualities, LCP films are perfect for a wide range of uses, including connectors, flexible printed circuits (FPCs), and other electronic parts.
Key Players:
WOTE Advanced MaterialSumitomo ChemMurata ManufacturingCelaneseSeyang PolymerSolvay S ADZTPolyplastics Co LtdToray GroupKuraray CoPanasonic
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– The global market for Liquid Crystal Polymer Fiber (LCP Fiber) Market was estimated to be worth USD 65 Million in 2023 and is forecast to a readjusted size of USD 159.4 Million by 2030 with a CAGR of 14.7% during the forecast period 2024-2030
– The global Liquid Crystal Polymer Resins market was valued at USD 1160 Million in 2023 and is anticipated to reach USD 1564.7 Million by 2030, witnessing a CAGR of 4.3% during the forecast period 2024-2030.
– The global Thermotropic Liquid Crystalline Polymer market was valued at USD 836 Million in 2023 and is anticipated to reach USD 1473.5 Million by 2030, witnessing a CAGR of 8.6% during the forecast period 2024-2030.
– Circular Liquid Crystal Polymer Connector Market
– Liquid Crystal Polymer Printed Circuit Board (LCP PCB) Market
– Global and India Liquid Crystal Polymers (LCPs) Market
– The global Liquid Crystal Polymer Films market was valued at USD 276.5 Million in 2023 and is anticipated to reach USD 343.9 Million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
– Polymer Dispersed Liquid Crystal (PDLC) Smart Film Market
– Metallotropic Liquid Crystalline Polymer Market
– Global Liquid Crystal Material for Automotive Market
– Flexible liquid crystal films Market
– The high performance plastics market was valued at USD 23.6 Billion in 2022, and is estimated to reach USD 58.0 Billion by 2032, growing at a CAGR of 9.5% from 2023 to 2032.
– Environmentally Friendly Copper Clad Laminate Market
– Glass Based Laminates (SRBG) Market
– Epoxy Resin Copper-Clad Laminates – Market
– Glass Epoxy Laminates Market
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– Global Acrylic Laminates Market
– Multi-layer Elastic Laminates Market
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Technology
ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR
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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:
“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.
Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”
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MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).
Contact:
Dan Schoenberg (dan.schoenberg@msg.com)
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SOURCE Sphere Entertainment Co.
Technology
Infor Nexus Unveils NexTrace, its End-to-End Traceability Solution at NRF 2025
Published
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January 10, 2025By
Leveraging AI technology and a supplier-centric philosophy, the solution simplifies the data collection process, helping to promote accuracy and compliance
NEW YORK, Jan. 10, 2025 /PRNewswire/ — Infor Nexus™ , the single-instance supply chain network platform providing unparalleled visibility and collaboration, today announced NexTrace. This innovative solution is designed to improve customer transparency and provide a competitive advantage. With the EU Digital Product Passport (DPP) set to take effect in 2027, companies need to start preparing now by implementing traceability solutions. NexTrace can give customers a head start to meet regulatory requirements like the EU DPP and the Corporate Sustainability Due Diligence Directive (CSDDD).
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“Last June, we launched Map and Trace, which empowers our customers to map their supply chains and collect documentation from multiple supplier tiers. Map and Trace provides evidence of chain of custody compliance with regulations such as the US UFLPA and the French AGEC law. With NexTrace, we’re taking this to the next level by proactively gathering full-scale item-level traceability from each tier of the supply chain. This will help our customers to not only meet upcoming regulations like the EU Digital Product Passport but also gain a competitive edge by providing comprehensive data on their products’ journey, composition, and sustainability,” said Brian Carelli, Infor VP, Sustainability and Partnerships.
Meeting regulatory and consumer demands for product traceability requires collaboration across supply chain tiers. By connecting to Infor Nexus, companies gain a head start, leveraging an established ecosystem of over 94,000 brands, retailers, and suppliers already on the platform. Managing traceability and chain-of-custody data alongside existing supply chain processes on a unified platform accelerates progress, boosts efficiency, and reduces reliance on multiple systems.
NexTrace Capability Highlights:
Enables seamless lot and item-level tracing by tracking the movement of raw material lots and batches through their conversion into finished products Leverages AI to collect data from the multiple tiers of suppliers, while automatically associating transactions from one tier to the next, helping to reduce the burden on suppliers and increase data accuracy and tracing efficiency Allows suppliers to upload data from existing reports in one easy step, rather than necessitating manual data entry RFID scanning of serialized barcodes at source automatically links the multi-tier chain of custody data Integrates supplier ESG data and certificates with traceability information, providing a comprehensive view of sustainability and compliance throughout the supply chain Creates a digital link and visualization to share traceability and product information with consumers, enhancing transparency and trust throughout the supply chain Tracing data automatically updates the network graph creating linkages between products and materials providing a higher fidelity map of your supply chain network
“Vendors will be eager to tout their Digital Product Passport solutions at NRF, but their focus is often on flashy features, rather than the minutiae of how to feed such data-hungry systems. At NRF, we look forward to demonstrating how trace data is built and how to scale a system of this magnitude,” said Carelli.
To learn more about building a more responsible supply chain, visit https://www.infor.com/solutions/scm/infor-nexus/sustainability
About Infor Nexus
Infor Nexus™ is the leading global supply chain platform. Infor Nexus connects a network of over 94,000 brands, retailers, manufacturers, suppliers, logistics providers and banks on single-instance network platform to seamlessly orchestrate global supply chain processes from source through to delivery and payment. Companies streamline their operations to eliminate inefficiencies and waste while gaining data-driven insights and optimizing the flow of capital for improved agility, resilience, and sustainability. Visit www.infor.com/solutions/scm/infor-nexus.
Media Contact:
Alexandria Truby
Senior Public Relations Specialist, Infor
Alexandria.Truby@infor.com
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SOURCE Infor
Technology
Security Camera Market to Grow by USD 3.85 Billion from 2025-2029, Driven by Video Analytics for Surveillance and AI-Powered Market Evolution – Technavio
Published
34 minutes agoon
January 10, 2025By
NEW YORK, Jan. 10, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global security camera market size is estimated to grow by USD 3.85 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 12.1% during the forecast period. Growth of video analytics helpful for surveillance video analyses is driving market growth, with a trend towards growing adoption of iot and smart homes. However, challenges regarding privacy and data loss poses a challenge. Key market players include ADT Inc., Amazon.com Inc., Canon Inc., Cisco Systems Inc., Costar Technologies Inc., Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Techwin America, Honeywell International Inc., Johnson Controls International Plc, JVCKENWOOD Corp., Motorola Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Simplisafe Inc., Sony Group Corp., Teledyne Technologies Inc., Vicon Industries Inc., and Xiaomi Inc..
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Security Camera Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 12.1%
Market growth 2025-2029
USD 3851.2 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
9.9
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
North America at 38%
Key countries
US, China, Germany, Canada, UK, France, Japan, India, South Korea, and Italy
Key companies profiled
ADT Inc., Amazon.com Inc., Canon Inc., Cisco Systems Inc., Costar Technologies Inc., Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Techwin America, Honeywell International Inc., Johnson Controls International Plc, JVCKENWOOD Corp., Motorola Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Simplisafe Inc., Sony Group Corp., Teledyne Technologies Inc., Vicon Industries Inc., and Xiaomi Inc.
The security camera market is experiencing significant growth due to increasing operational needs for safety and crime prevention. Traditional security cameras are being replaced by smart security solutions, including AI-powered appliances and IP cameras with high-definition and infrared capabilities. Innovations like facial recognition, motion detection, and anomaly detection are driving consumer interest. Cost-effective options, such as box cameras and dome cameras, offer ease of installation and scalability. Strategic partnerships and promotions are making advanced security solutions more accessible to homeowners and businesses. With the rise of the Internet of Things, cloud-based video surveillance and mobile surveillance systems are becoming essential for both home and commercial security. Despite investment costs, the benefits of AI-driven analytics, incident response times, and thermal imaging outweigh the risks of misuse and privacy concerns. Security camera systems are essential for crime prevention, border security, and critical infrastructure protection, making them a worthwhile investment for private properties and public spaces.
The Security Camera market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) devices, specifically smart cameras, for residential security. These advanced cameras come equipped with video analytics and recognition capabilities, enabling them to monitor and identify family members, pets, and objects. Consumers can record and view security events in real-time via their smartphones. Additionally, vendors offer smart doorbells and peepholes, replacing traditional models with cameras that detect people entering or exiting homes and monitor objects outside. Indoor smart cameras can also be used to monitor pets or babies from a distance.
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• The security camera market is witnessing significant growth due to the increasing operational needs for safety and crime prevention in various sectors. Traditional security solutions like analog surveillance and dome cameras are being replaced by smart security cameras with advanced features like infrared, AI-powered appliances, and high-definition cameras. These innovations offer benefits such as anomaly detection, facial recognition, and two-way audio. However, challenges include investment costs, ease of installation, and privacy concerns. In high-risk areas like border security and critical infrastructure, scalable AI-driven analytics and thermal imaging are essential. Homeowners seek cost-effective, smart home technology solutions with long battery life and remote control. Strategic partnerships and promotions drive consumer interest. Despite these advancements, security risks and privacy protections remain crucial considerations. Incident response times and evidence collection are essential for investigations. Smart city development and mobile surveillance systems offer new opportunities. Overall, the market requires continuous innovation to address operational needs and consumer demands.
• IP-based security cameras offer valuable surveillance solutions for businesses, but they also present significant cybersecurity risks. Hackers can launch various attacks, such as DDoS, MiTM, data breaches, APTs, and ransomware, exploiting vulnerabilities in these devices. Weak passwords and mass-produced, identical cameras make them easy targets. Compromised security cameras can disrupt networks and potentially provide a gateway to larger IT infrastructure breaches. Businesses must prioritize securing their IP-based security cameras to mitigate these risks.
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This security camera market report extensively covers market segmentation by
Technology 1.1 Analog1.2 IP basedProduct Type2.1 HD and full-HD2.2 Non-HDGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and AfricaSystemApplicationFeatureCamera resolutionType
1.1 Analog- Analog cameras are a cost-effective solution for businesses seeking continuous surveillance through closed-circuit television (CCTV) systems. These cameras transmit video signals over cable to video cassette recorders (VCRs) and digital video recorders (DVRs), offering resolution ranges compliant with National Television Standards Committee (NTSC) and Phase Alternating Line (PAL) standards. Resolutions range from 420 to 1080 pixels, ensuring clear images. Analog cameras can connect via coax cables, twisted-pair cables, or wireless connections. Vendors provide advanced features such as infrared light-emitting diodes (IR LEDs) for night vision, 1080 pixels analog high definition (AHD), 1080 composite video interface (CVI), and complementary metal-oxide-semiconductor (CMOS) sensors with Infrared Cutfilter Removal (ICR) for accurate color reproduction. Cameras are built with Ingress Protection rated metal, safeguarding against dust, sand, rain, and snow. VCRs and DVRs are essential for video recording, with offerings up to 50 terabytes of storage, motion-detecting push notifications, remote viewing via smartphones, tablets, and computers, advanced recording and playback options, and scheduling recording 24/7 or by motion detection. Vendors also provide customer care services and a three-year warranty. Analog cameras are commonly used in city infrastructure surveillance, ATM banking outlets, construction sites, and indoor retail environments due to their affordability and advanced features. With a lower average selling price (ASP) and technological advancements like AHD and pan-tilt-zoom (PTZ), the analog segment will continue driving growth in the global security camera market.
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The Security Camera Market encompasses various segments, including video surveillance systems, CCTV, and smart home security. Accessories such as lenses, mounts, and cables enhance the functionality of these systems. Security camera technology continues to evolve, offering advanced features like analytics, remote monitoring, and cloud-based solutions. Organizations across industries rely on security cameras for benefits like deterrence, evidence collection, and improved safety. Installation and integration with business systems are crucial considerations. Security camera pricing varies based on factors like resolution, type, and advanced features. Privacy concerns and cybersecurity are essential aspects of the security camera market. Standards and regulations ensure data protection. Comparison of different security camera solutions based on their features, advantages, and ROI is vital for making informed decisions. The market’s growth is driven by increasing security concerns, technological advancements, and the integration of security systems with other business solutions. Security camera revenue is expected to continue growing as demand for advanced and cost-effective solutions increases. Innovations like AI and machine learning are transforming the market, offering improved monitoring, analytics, and cybersecurity. Maintenance and software updates are essential for ensuring optimal performance and security. Security camera manufacturers cater to various applications, from residential to industrial, providing customized solutions to meet diverse needs. The market’s trends reflect the shift towards more advanced, cost-effective, and user-friendly systems.
The security camera market is experiencing significant growth due to the increasing operational needs for safety and crime prevention in various sectors. Traditional security solutions, such as analog surveillance cameras, are being replaced by innovative smart security cameras with features like infrared technology, AI-powered appliances, and high-definition cameras. These advanced security solutions offer benefits like anomaly detection, facial recognition, and two-way audio. Investment costs for security camera systems have decreased with the advent of scalable IP cameras and the Internet of Things. Smart city development and border security are major drivers of growth, with AI-driven analytics and cloud-based video surveillance becoming essential components. Consumers, including homeowners, are showing increased interest in smart home devices and security solutions, leading to promotions and discounts. Expertise in security camera installation and maintenance is crucial for effective surveillance coverage. In high-risk areas, security cameras are used to prevent incidents like burglary, unauthorized access, and intruders. Thermal imaging and motion detection are effective surveillance tools for crime prevention. However, privacy concerns and data protection laws necessitate privacy protections and data redundancy. Security risks and misuse are potential challenges, requiring strategic partnerships and incident response times. Scalability and cost-effectiveness are essential considerations for commercial security and mobile surveillance systems. Overall, the market for security cameras is continuously evolving with innovations like machine learning and deep learning engines.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TechnologyAnalogIP BasedProduct TypeHD And Full-HDNon-HDGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And AfricaSystemApplicationFeatureCamera resolutionType
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
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Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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