Reducing Size of RFIDs Making them Easier to Use

The global radio frequency identification market amounted to a value of US$1.9 bn in 2013. From the looks of it, the rate at which things are happening in the global RFID market, it could shoot up to US$5.3 bn by 2020, displaying a CAGR of 13.9% between 2014 and 2020.

An RFID device is a tiny device that makes use of electromagnetic fields for the purpose of data transfer. RFIDs have the potential to change the way many industries function in more than one ways. Each RFID tag can contain some data that is stored electronically. When the tag is passed through a reader, the data is documented so we know exactly where an object is and where it is headed. The two common types of RFID devices are those with and without batteries. In the former’s case, the tag needs to pass through an electromagnetic field in order to work. The latter can transmit its data while being hundreds of meters from the closest reader, effectively letting the reader know where the package is.

It’s All about the Goods

The key factor that lets the global RFID market grow in unperturbed peace is the increase in transportation of various goods. Its growth rate is further supplemented by the availability of RFID cabinets and printers. Thanks to the ease with which one can create RFIDs, they have now become a common occurrence and are slowly replacing the traditional barcode system in certain industries. This holds true especially for the healthcare industry, where it is now becoming common practice to create RFIDs that store patient information and are used in the form of wrist bands. The logistics industry finds a huge scope for the use of RFIDs. RFID tags and especially RFID cabinets are capable of storing logs of important parameters such as temperature and humidity wherever applicable, such as in cold storage logistic chains.

RFIDs in the Consumer Markets

The use of RFIDs in the consumer markets is still a dicey equation: on one hand you have the advantage of super-fast transactions and anti-shoplifting mechanisms, but you also have to protect yourself from identity theft, which theoretically is a lot easier to do using RFID scanners than the older methods. Another issue the global RFID market is facing is the rate of adoption of RFIDs being too slow. Many companies and stores have not upgraded their technologies to include RFID scanners. An incoming wave of change of smart credit/debit cards that contain RFIDs, which can let a user make a transaction without actually having to swipe their card, is coming, while stores still either use the traditional swipe cards. Others have upgraded to allow the use of NFC to enable tap and pay services for users with smartphones.

Other niche uses of RFIDs include using them to detect human movements in real time in sports to gauge a team’s overall performance. Another innovative use of RFIDS is in teaching, where RFID tags can be used to display information about an object on a screen whenever a child approaches the object. Ideas like these are keeping the global RFID market competitive against modern identification technologies.

The Incoming Wave of Premium Beers and Why Asia Pacific is the Market to Be in

While there is no real reason to not like beer, most beer manufacturers have, until the past few years, shied away from venturing outside North America and Europe. The sole reason for this is that there used to be few takers for premium beer anywhere else. But that is all in the past now; beer makers from the world over are thronging over across the Mediterranean and into the Asia Pacific beer market, where they are more than welcome to enter and keep introducing new beers.

The Asia Pacific beer market is exhibiting a CAGR of 5.9% between 2014 and 2020. The market was recorded to be valued at US$155.93 bn in 2013. Should it hold fort and keep its growth rate consistent, the Asia Pacific beer market will be valued at US$220.36 bn by 2020. There are many reasons that work in favor of the beer industry as a whole when it comes to manufacturing in and exporting to the Asia Pacific region, the foremost of these being the fact that middle-class workers can now afford more and better beer.

More Income to Dispose, More Places to Dispose it 

The Asia Pacific region is now home to a gigantic population of middle-class citizens that can afford premium beer on a more regular basis. The rapid rate at which the economies of countries in Asia Pacific, especially China and India, are growing, allows them to earn more revenue, which can be converted into disposable income for families and individuals. These two countries, being the two most densely populated ones in the world, can help make the Asia Pacific beer market a fruitful market over the coming few years.

Browse Research Report:

The key drivers of the Asia Pacific beer market, currently, are the increasing levels of disposable incomes and the growing number of locations that sell beer. This includes convenience stores, retail stores, alcohol stores, restaurants, bars, and clubs. One reason why this is happening is the growing acceptance of the Western culture in the East, which includes drinking habits. So far, the biggest factor that could actually restrain the Asia Pacific beer market is the imposition of regulations over the alcohol content in beer and the serving of alcoholic beer in particular locations.

Mainstream Beer Dominates, Premium Beer Growing

In terms of types, the Asia Pacific beer market can be segmented into economy, mainstream, and premium beer. Of these, mainstream beer dominated the Asia Pacific beer market in 2013, when it achieved a share of 33.5%. Mainstream beers have had such success because of established brands that have manufacturing facilities in the region. On the other hand, premium beers are exhibiting a CAGR of 4.6% from 2014 to 2020, the fastest of all three segments.

Browse Press Release:

So far, China has remained the leading consumer of beer in the Asia Pacific beer market. Demand is expected to grow in the other countries, such as India, South Korea, Singapore, and Vietnam. The Asia Pacific beer market is a highly competitive one; the top five companies hold nearly 51% of a market that includes names such as China Resources Enterprise, Beijing Yanjing Brewery, and Anheuser-Busch InBev.

Use of PET Plastics May Hamper Global Bottled Water Market

If we consider the demand for bottled water in the U.S. alone, the market has expanded to become the second largest category of commercial beverages in the country. Considering the trends that govern demand and supply forces in the food and beverages industry, the market for bottled water is by far the most dynamic. Not only has bottled water emerged as the fastest growing consumer choice, but the market is also poised to grow exponentially in the forthcoming years. A new study by Transparency Market Research pegs the volume produced in the global bottled water market at 267.91.billion liters in 2013, which by 2020 is expected to reach 465.12 billion liters. If the figures hold true, the global bottled water market will exhibit a CAGR of 8.3% during the 2014-2020 period.

In the U.S., the Federal Food, Drug and Cosmetic Act considers bottled water as a packaged food, which is regulated by the FDA. However, at the global level, the ICBWA (International Council of Bottled Water Associations) monitors the quality of bottled water and acknowledges national regulatory agencies.

Commercialization of Bottled Water

The advent of modern bottled water production can be traced back to the 1960s, when the invention of plastic revolutionized the industrial world. However, the major growth phase of the plastic bottle industry didn’t occur until the 1990s, with the discovery of polyethylene terephthalate (PET), which is a lightweight yet strong plastic. Subsequently, worldwide bottled water production grew as a multibillion-dollar industry during the latter years of the 1990s. Now that we have forayed into the 21st century, bottled water has emerged as a major commercial product with exponential demand from around the world.

Browse Research Report:

The global bottled water industry, according to Transparency Market Research, reached US$157.27 bn in 2013 and it comprises a wide variety of operations ranging from modest local bottling operations to giant corporations such as PepsiCo Inc., Nestle Waters, Coca-Cola, and others.

The Technology behind Bottled Water

Bottled water technology primarily comprises two components, namely water treatment and bottle production. While there are a few companies that still produce glass bottles, a majority of bottled water production facilities use plastic bottle, since it is more cost-effective and easier to transport.

As mentioned earlier, polyethylene terephthalate (PET) is the most common variant of plastic that goes in the production of bottles. PET is a polymer derived from petroleum hydrocarbon. It is a substance consisting of a chain of recurrent organic molecules with a significant molecular weight. Owing to its durability, PET is preferred for the manufacture of bottled water, however, PET materials do not decompose easily in the natural environment, which is creating bottlenecks in its future use in the industry, against the backdrop of environmental protection.

Browse Press Release:

While the bottled water market is likely to sustain its global footprint, potential leaching of water and the environmental impact of the use of plastic bottle may hamper its growth to an extent.

Innovation in Cashless Payment Shaping Europe Wearable Technology Market

Europe has always been at the forefront of scientific and technological innovation. Its place as an influential player has been strengthened by the economic might of countries such as Germany and the U.K. and, undaunted by recent economic troubles in the EU, the region still counts as one of the prime markets for premium consumer goods. Naturally, the wearable technology market is going strong in Europe.

Largely rejected in emerging countries owing to their high costs, wearable tech devices have surged in demand in North America and Europe, the two most prosperous regions in the world. According to leading market intelligence firm Transparency Market Research, the Europe wearable technology market was worth more than US$0.3 bn in 2013. At an astounding 42.1% CAGR from 2014 to 2019, the market is expected to rise to a valuation of more than US$2.5 bn.

Visa Leading Charge of Wearable Payment Devices

Cashless payments are expected to become the norm in Europe soon, thanks to the proliferation of smart cards and the ease of use of cashless payments. To this view, wearable technology giants are gearing up to produce the next winner in the cashless payment devices market.

Visa, one of the leading cashless payment gateways around the world, teamed up with students from Central Saint Martins, a London-based arts school, to come up with innovative ideas for futuristic wearable devices that will help the wearer in cashless payments. 

Browse Research Report:

The three notable results of this collaboration were Budgeteer, a sensor device to be worn on the wrist and one that saves the wearer’s expenses simply through particular motions of the fingers; Small Change, a device meant to facilitate the transition to a coin-free world by enabling the wearer to pay small change digitally through a linked bank account; and Thread, a fashion-oriented wearable device that can be used to compare and review garments wirelessly. Neither of these innovations is expected to be put into production any time soon, but they reveal the direction the Europe wearable technology is expected to take in the coming years.

Another major invention in the field of cashless payment through wearable technology is the Kerv ring. Designed by London-based Kerv, the ring utilizes NFC to enable cashless payment without the need for even a smartphone. The Kerv ring doesn’t even need to be charged up, which addresses the major restraint that has held the Europe wearable technology market back in recent years.

High Costs, Low Batteries Hold Back Europe Wearable Technology Market

The high costs of wearable devices, which are often geared to an extremely specific purpose, have been a major restraint for the Europe market in recent years. With growing prosperity, the markets for wearable technology in North European countries such as Germany, Denmark, Sweden, the U.K., and Norway are growing. The size constraints on wearable devices, due to the need to keep them light and ergonomic, have also resulted in disappointing battery life for most wearable technology. Advances in this field could rejuvenate the wearable technology market in Europe.

Browse Press Release:

Most consumers in Europe purchase wearable technology to monitor their fitness and wellness, with devices such as sleep sensors, running watches, and activity monitors dominating the market. Heart rate monitors and blood glucose monitors are also expected to be major categories in the coming years.

InSightech’s Noninvasive Ultrasound Device Receives FDA Signoff for Expanded Label

Israel-based medical devices manufacturer, InSightec, has received the U.S. FDA’s stamp of approval for its new ultrasound technology. The technology is indicated for the treatment of fibroids in women. The approval comes at a time when InSightec is trying to command a more dominant position in the U.S. medical devices market by raking in more revenue. The company has also been looking for greater funding avenues in a bid to support its current R&D activities.

The device, called ExAblate, now also carries an expanded label stating that the device is approved for use in women suffering from symptomatic uterine fibroids but who wish to keep their uterus intact so that they do not lose the option of becoming pregnant in the future. According to a statement by InSightec, the approval for the device by FDA was based on clinical data taken from 118 women who became pregnant after being treated with the ultrasound-technology-based device.

The new label for ExAblate is a well-timed achievement for the company, CEO Kobi Vortman stated in an official release. The company regards the new expanded label as a ‘major milestone’, the company’s CEO further stated in its statement. Currently, the company is in the process of running clinical trials to establish the efficacy of the device in treating multiple conditions and diseases. The functioning of the device is unique in that it combines two techniques—ultrasound ablation and magnetic resonance imaging—to remove problematic tissue via a noninvasive procedure. The company states that its device is capable of treating not just uterine fibroids, but also neuropathic pain and Parkinson’s.

The company currently manufactures products for sale in the European Union region and the device is used for a variety of indications. ExAblate already carries a signoff from the FDA for treating uterine fibroids as well as pain management in bone metastases in cases where radiation is not a feasible option.

InSightec is a company that’s already backed by GE, but will now set out to seek more funds so it can conduct more intensive R&D. The company says that it has already pumped in over US$200 mn into R&D initiatives.

With Eye Firmly on Google Glass, Samsung Files Patent for its own Futuristic Gadget

A recent patent filed by Samsung reveals that the tech giants is keeping a close watch on the way the Google Glass project is developing. The former plans to counter Google Glass with its own futuristic technological product – one that is a step ahead of its rival’s product.

It will be interesting to see how Samsung develops its soon-to-be patented technology considering that Google Glass couldn’t live up to the expectations of consumers despite being launched in the midst of much hype. Curiously, Google Glass’ high price tag is not the only thing impeding its popularity. Consumers continue to remain unclear about the uses of the gadget, and this has deterred them from making the purchase decision.

Samsung seems to have realized this drawback and has taken it as a cue to develop a gadget that offers everything that Google Glass does, only more. The patent filed by Samsung reveals that its gadget will allow users to interact with mid-air three-dimensional images. So, by projecting the image of a keypad mid-air, users can dial a number. Likewise, users could even play a virtual piano by projecting it mid-air.

The technology can also be used for projecting images on real-life objects. Thus, by projecting a number pad on their palm, users can use their palm to dial a number to a make a phone call. The patent application shows that Samsung intends to embed its gadget with a pair of cameras capable of projecting 3D images.

By allowing for an advanced input method in its patent-pending technology, Samsung hopes to address the key drawback that stopped Google Glass from achieving the expected level of success. While experts agree that the technology does look superior to Google’s, it remains to be seen if its execution remains as expected.

Demand for Smart Clothing for Personal Health Management will Boost Smart and Interactive Textiles Market

Smart and interactive textiles (SMITs) are a new type of textile technology designed and developed to sense and adapt to their environment in a specific manner. They are able to sense magnetic, chemical, electrical, thermal, or other stimuli from the environment and react to them due to the textile structure.

Smart textiles or garments incorporate advanced sensors/actuators for the purpose of processing and communication in various applications such as industrial plants and manufacturing facilities. Smart fabrics and interactive textiles represent the future generation of fabrics. The market for these materials is enormous due to the increasing demand from the transportation, medical, and healthcare industries.

Increasing Research and Development Activities Boost the Use of Wearable Textile-based Personal Systems

Several research and development projects dealing with smart fabrics and interactive textile wearable systems across the globe aim to improve personal health management through validation, integration, and use of smart clothing. In the past decade, the growing number of research and development activities for product and technological innovation in regions such as North America and Europe has created new growth opportunities for the smart and interactive textiles market.

Various research programs initiated in these regions, as well as elsewhere around the world, for the development and launch of wearable textile-based personal systems have offered health monitoring, healthy lifestyle, and protection and safety options in industrial and manufacturing environments. Owing to the rapidly growing research and development programs, the overall market is expected to expand at a CAGR of 14.0% from 2014 to 2020, according to Transparency Market Research.

According to the research, the global demand for smart and interactive textiles stood at US$1.5 bn in 2013 and is expected to reach US$3.8 bn by 2020. 

Browse Research Report:

Conductive Polymers Play a Vital Role in the Development of SMITs

Conductive polymers as conductive fibers are playing an imperative role in the development of smart and interactive textiles for a broad range of applications. For years, the U.S. military has been the leader in using conductive polymers to develop SMIT technologies and applications for body armor, biochemical hazard protection, artificial muscles, physiological status monitoring, location and embedded communications, and computing. In the near future, SMITs built from conductive polymers are expected to have intelligent built-in features such as computing devices and multifunctional sensors in fabrics. Fabrics or clothing with built-in protection will also offer the wearers some protection against harmful effects of UV radiation, such as skin cancer.

Today, the application of electro-textiles is in its infant stage. However, electro-textiles are projected to have a great impact on the market for protective clothing, medical textiles, and other applications in the fields of sports, military, industrial, and consumer products. 

Browse Press release:

The need for smart textiles is rapidly growing for monitoring professional rescuers and fire fighters across developed regions. Although extensive research and development programs have resulted in commercialization of smart textiles for fire fighters, there is still a gap between commercialization and prototype development. This is likely to change in the future due to new business developments and product innovations.

Latest Post

Market Research Reports