Global Hand Sanitizer Dispenser Market

The smart speakers market consists of sales of smart speakers and related products that include Bluetooth-, Wi-Fi-enabled and wireless devices which are integrated with virtual assistant device powered by artificial intelligence. The smart speakers market consists of revenue generated through the sales of speakers with virtual assistant intelligence such as Alexa, Google Assistant, Siri, and Cortana, among others which are distributed through online or offline channels to personal and commercial users for smart home, smart office, automotive, commercial and more applications. The companies involved in the smart speakers market are engaged in designing, manufacturing, producing artificial intelligence assisted speakers which are activated with one 'hot word' using voice recognition systems to perform wide range of wireless activities. The smart speakers market covered in this report is segmented by intelligent virtual assistant into amazon Alexa, Google Assistant, Siri, Cortana, others; by application into smart home, smart office, consumer, others; by end user: personal, commercial; by distribution channel into online, offline. The global smart speakers market is expected grow from $4.66 billion in 2020 to $6.98 billion in 2021 at a compound annual growth rate (CAGR) of 49.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The smart speakers market is expected to reach $17.85 billion in 2025 at a CAGR of 26%. With increasing consumer preference for technologically advanced products there is a rise in penetration of smartphones and smart devices. The enhanced personal use of smart devices points at integration of smart devices with devices such as smart lightbulbs, thermostats, and TVs. The consumer interest in technologically advanced products has resulted in 205 million installed smart speakers in 2019 from 114 million units in 2018 and is expected to reach 325 million by 2020. In 2019, Amazon could integrate LIDAR technology into Amazon Echo through which it will be able to recognize hand gestures, type of food, and even the clothes being worn. In India, in 2019 the total number of smartphones users are 502.2 million which increased from 2017 which was 468 million users and the smartphones market is expected to gain 859 million users by 2022. Regional manufacturers are being encouraged to produce innovative and advanced products with customer interest to accept and adopt emerging technology which is expected to drive the market. Apart from increasing consumer preference for smart speakers, the major drawback that is concerning the market is data privacy and security. These devices have access to the personal information stored in Gmail like contact details, bank details, login credentials which raise security issues. The devices of a smart home have access to sensitive data like videos, photos, personal information which can be accessed and operated from anywhere. In 2019, a survey conducted in US states that smart speaker non-users are more concerned about data and privacy reasons like hacking risk (63%), smart speakers are always listening (55%) and monitoring by government (40%) when compared with 2017 which were 41%, 36% and 34% respectively. When compared with smart speaker users, they also agreed with the above data and privacy issues similarly. These issues may hinder the market growth if appropriate development in security concerns are not addressed. Virtual assistant devices are powered by artificial intelligence which offer ultimate luxury to the owner. They keep on listening to the command, analyze the needs and performs the task when necessary. The Amazon Echo with smart assistant Alexa can be activated with voice command of one hot word “Alexa”. Siri, the Apple voice assistant provides hands-free activation with deep integration technology and high quality virtual surround sound and exhibits features like setting timer, managing calendar events and more. Google Assistant activated with “Ok Google” provides instant access to all of the Google services and the data associated with the Google account. In 2019, a survey states that Amazon Alexa/Echo dominates the US market with 70% market share followed by Google home with 25% and Apple HomePod with 5% which was largely because of the high sales of entry-level devices like Google Home Mini and Amazon Echo Dot with reasonable price. The proliferation of virtual assistance is, in turn, driving the smart speaker market. In November 2019, Sonos a US-based leading sound experience brand which allows its customers to listen better by giving access to their favorite content by controlling as they wish announced the acquisition of Snips for $37.5 million. The deal will benefit Sonos by improving the voice experience of Sonos with the addition of Intellectual Property of Snips and benefit Snips by taking its France technologies to international customers. Snips is a US-based private-by-design voice technology company which uses artificial intelligence integrated in connected devices. Major players in the smart speakers market are Amazon, Inc., Apple, Inc., Xiaomi, Alibaba Group Holding Limited, Sonos. Inc., Harman International, Bose Corporation, Sony Corporation, Onkyo Corporation, and Panasonic Corporation. The regions covered in the smart speakers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart speakers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global smart speakers market is segmented - 1) By Intelligent Virtual Assistant: Amazon Alexa, Google Assistant, Siri, Cortana, Others 2) By Application: Smart Home, Smart Office, Consumer, Others 3) By End User: Personal, Commercial 4) By Distribution Channel: Online, Offline

The photoelectric sensor market consists of sales of photoelectric sensors and related services by entities (organizations, sole traders and partnerships) that manufacture photoelectric sensors. A photoelectric sensor refers to a sensor that emits a light beam from its light-emitting element. Photoelectric sensors are used in consumer electronics, industrial manufacturing, automotive and transportation, building automation, food and beverages, pharmaceuticals and medical, packaging, and other sectors. The main types of a photoelectric sensor are proximity photoelectric sensor and fiber optic photoelectric sensor. The proximity photoelectric sensor detects objects directly in front of them by detecting the sensor’s own transmitted light reflected from an object’s surface and the fiber optic photoelectric sensor detects mechanical strain or temperature, concentrations of chemical species, acceleration, rotations, pressure, vibrations, and displacements The technologies used in photoelectric sensors are retro-reflective, through-beam, and diffused, and the range of detection varies from being =100 mm, 100 to 1,000 mm, 1,000 to 10,000 mm, and >10,000 mm. The photoelectric sensors are used in various sectors including consumer electronics, industrial manufacturing, automotive and transportation, building automation, food and beverages, pharmaceuticals and medical, and packaging. The global photoelectric sensor market is expected to grow from $1.31 billion in 2020 to $1.63 billion in 2021 at a compound annual growth rate (CAGR) of 24.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.11 billion in 2025 at a CAGR of 6.6%. The increasing demand for photoelectric sensors from various industries such as consumer electronics, automotive and transportation, building automation, food and beverages, pharmaceuticals and medical, packaging, and industrial manufacturing is expected to drive the market for photoelectric sensors during the forecast period. For instance, automated doors and gates on buses, trains, elevators, garages and others need to have reliable sensing technology so that they open and close at correct times. Photoelectric sensors coupled with infrared scanners can detect approaching people or vehicles and can open or close doors accordingly. Therefore, the demand for photoelectric sensors is increasing in various applications including automotive and this is expected to drive the market during the forecast period. The outbreak of COVID-19 has impacted the demand and supply chain of the photoelectric sensors market and this has restrained the market growth during the period. The shutdown of business operations across the world, owing to the impact of COVID-19 has resulted in a decline in the demand for photoelectric sensors from various industries. Also, due to lockdown norms imposed, the production of photoelectric sensors in manufacturing facilities across the world has been temporarily shut down to curb the spread of the virus and this had significantly impacted the players operating in the photoelectric sensors value chain. Therefore, the COVID-19 outbreak during 2020 has hindered the market growth of photoelectric sensors during the historic period. The emergence of smart photoelectric sensors is a key trend in the photoelectric sensor market. Smart photoelectric sensors contain built-in microprocessor-based intelligence that provides them with new capabilities to optimize their adjustments and make them more reliable. Smart photoelectric sensors are rapidly becoming the norm rather than the exception and deliver advanced self-diagnostics and the ability to interface with sensor networks. For example, conventional photoelectric sensors fail to operate under any problems like accumulated dust on the lenses, whereas a smart photoelectric sensor has a microprocessor chip that initiates an alarm signal to the controller and flash LED. Diagnostic alarms provide early warnings against the problem that occurred. Therefore, smart photoelectric sensors are more reliable and efficient and it is an emerging trend in the smart photoelectric market. In January 2019, SICK Group, one of the world’s leading producers of sensors and sensor solutions for industrial applications, acquired Chilean joint venture SICK SpA for an undisclosed amount. The deal aims to acquire 50% shares and strengthening its position in South America. SICK Group produces sensors and sensor solutions for industrial applications. SICK SpA is a provider of sensors, safety systems and automatic identification products. Major players in the global photoelectric sensor market are Schneider, Baumer Group, Panasonic, Omron Corp., SICK, Keyence, Rockwell Automation, Balluff, Banner, Tri-Tronics, Baumer, Hans Turck, Pepperl+Fuchs (Germany), and Di-soric. Asia Pacific was the largest region in the photoelectric sensor market in 2020. North America is expected to be the fastest-growing region in the forecast period for the photoelectric sensor market. The regions covered in the photoelectric sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the photoelectric sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global photoelectric sensor market is segmented - 1) By Type: Proximity Photoelectric Sensor, Fiber Optic Photoelectric Sensor 2) By Technology: Retro-Reflective, Through-Beam, Diffused, Others 3) By Range: =100 mm, 100 to 1,000 mm, 1,000 to 10,000 mm, >10,000 mm 4) By Application: Consumer Electronics, Industrial Manufacturing, Automotive and Transportation, Building Automation, Food and Beverages, Pharmaceuticals and Medical, Packaging, Others

The virtual reality devices market consists of sales of virtual reality devices and related services. The VR devices use advanced computer technology called virtual reality to create a simulated environment. The VR devices such as head mounted display (HMD) devices, gesture tracking devices (GTD), projectors and display walls (PDW) enable the users to get immersed in a real environment and interact with 3D worlds. Some of the virtual reality devices include Oculus Rift - VR headset, HTC Vive – VR, Sony - PSVR, Samsung Gear VR – mobile VR headset with controller, and Google Cardboard – mobile VR headset by Google. The global virtual reality devices market is expected grow from $3.25 billion in 2020 to $4.94 billion in 2021 at a compound annual growth rate (CAGR) of 52%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $22.27 billion in 2025 at a CAGR of 46%. Rising demand for virtual reality devices in changing the traditional way of imparting safety trainings to employees is expected to drive the virtual reality devices market. Virtual Reality provides an effective and safe training environment for the employees in an organization. Traditional training method fail to recreate real time crisis scenarios while VR trainings create the real time crisis scenarios which helps a person to respond in a similar way to that of real time situations, thus providing effective and safe training to staff. It has resulted in fewer mistakes and better information recall than traditional trainings. For example, Ford uses virtual reality which simulates real-life situations to train its staff in a more receptive and effective way than training theoretically. The interferences in demand and supply chains caused by the COVID-19 lockdown are to act as major restraint hampering the growth of the virtual reality market during 2020. According to the World Trade Organization (WTO), the coronavirus represents unprecedented disruptions to the world trade and global economy, as consumption and production are scaled backed worldwide. Moreover, according to Media Post’s news published in March 2020, the shipments for virtual reality headsets are expected to record a decline of approximately 17% during 2020, owing to disruptions in the supply chain caused by COVID19 lockdowns. Hence, the disturbances in demand and supply chain are to act as a major factor to contribute to the declining shipments for virtual reality devices during 2020. Integration of 5K stereoscopic video in VR devices is one of the growing trends that is changing the landscape of virtual reality device market. 5k stereoscopic video is a 5k-resolution video technology which replaces the previous 360 video low resolution technology used in VR headsets. This 5K stereoscopic video would provide a complete and detailed VR immersion experience for the viewers. For instance, Oculus VR, an American technology company, developed Guided Meditation VR which is virtual reality relaxation app that runs 5K stereoscopic video content on the Oculus Go (mobile headsets) version of the app. In September 2019, Verizon announced the acquisition of Jaunt XR, a California-based company’s software, technology, and certain assets for an undisclosed amount. Through this acquisition, Verizon plans to develop and built new leading-edge software combining with Jaunt XR. Jaunt XR was founded in 2013 and deals in developing hardware, virtual technology, software, apps, and tools that enable consumers and brands to make high-quality virtual reality (VR) content. Jaunt XR is focusing on developing volumetric video capturing of human for supply on social media channels and mobile devices. The major players covered in the global virtual reality devices market are Google, Sony Corporation, Samsung Electronics Co., Ltd, Oculus VR LLC, Marxent Labs, Microsoft Corporation, Apple, HTC Corporation, Qualcomm, Lenovo Group Ltd, AMD, Fove, Inc, LG Electronics, Inc, Autodesk Inc, Eon Reality Inc, Leap Motion, Inc, Cyberglove Systems Inc, Virtuix, Unity Technologies, Snap, Firsthand Technology, Wevr, Nvidia, Bricks & Goggles, Prenav. The countries covered in the global virtual reality devices market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global virtual reality devices market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global virtual reality devices market is segmented - 1) By Type: Hand Held Devices, Head Mounted Devices, Gesture Controlled Devices, Others 2) By Application: Medical & Healthcare, Commercial, Education, Advertsiing & Marketing, Commerce, Energy & Utilities, Entertainment & Gaming, Designing & Engineering, Logistics, Others 3) By Technology: Semi & Fully Immersive, Non-Immersive

The household refrigerator and home freezer market consist of sales of household-type refrigerators, ice boxes and upright and chest freezers. The global household refrigerator and home freezer market is expected to grow from $70.94 billion in 2020 to $74.94 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $91.06 billion in 2025 at a CAGR of 5%. The household refrigerator and home freezer market covered in this report is segmented by type into refrigerators, freezers, ice boxes and refrigerator/freezer combinations. The increasing consumption of processed food products such as frozen meat, vegetables, dairy products as well as change in the dietary habits of consumers is driving the household refrigerator and freezer market growth. Due to busy lifestyles, consumers are increasingly relying on processed food, prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the household refrigerators and home freezers market. Intense pricing pressure on manufacturers is restraining the growth of the household refrigerator and freezer market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, freezers are more price elastic than necessities. People are more likely to purchase when there is reduction in the price of the goods and less likely to purchase when there is a price hike. Household refrigerators and home freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, adjust and monitor the temperature as per requirement. In March 2019, The Legacy Companies, a Florida based food and beverages company acquired Avanti Products Inc for an undisclosed amount. Through this acquisition the Legacy Companies plans to produce some of Avanti’s product solutions in its wholly owned manufacturing plants thereby securing a source of competitive advantage. Avanti Products Inc, a Florida based company that develops, manufacturers and markets compact appliances including refrigerators, freezers, ranges, microwave ovens, wine refrigerators, ice makers, water dispensers, laundry appliances and other compact appliances. The major players covered in the global household refrigerator and home freezer market are LG Electronics, Haier, Samsung, Panasonic Corporation, Godrej, Electrolux, Whirlpool, Robert Bosch, Liebherr-International AG, Dover Corporation. The countries covered in the global household refrigerator and home freezer market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global household refrigerator and home freezer market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global household refrigerator and home freezer market is segmented - 1) By Type: Refrigerators, Freezers, Ice Boxes, Refrigerator/Freezer Combinations 2) By Refrigerator Door Type: Single Door, Double Door, Side by Side Door, French Door 3) By Freezer Location: Freezer on top, Freezer on bottom, Freezer less 4) By Application: Frozen Vegetable and Fruit, Frozen Meat, Other Applications 5) By Application: By Distribution Channel, Specialty Stores, Supermarkets/Hypermarkets, Online, Others

The household refrigerators market includes sales of household refrigerators, which are electrical appliances used to preserve food at cold temperatures. The global refrigerators market is expected to grow from $31.61 billion in 2020 to $34 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $44.26 billion in 2025 at a CAGR of 7%. The refrigerators market covered in this report is segmented by type into single-door, double-door, French-door and others. The increasing consumption of processed food products such as frozen meat, vegetables, dairy products as well as change in the dietary habits of consumers is driving the refrigerators market growth. Due to busy lifestyles, consumers are increasingly relying on processed food, prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the refrigerators market. Intense pricing pressure on manufacturers is restraining the growth of the refrigerators market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, freezers are more price elastic than necessities. People are more likely to purchase when there is reduction in the price of the goods and less likely to purchase when there is a price hike. Refrigerators manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, adjust and monitor the temperature as per requirement. In March 2019, The Legacy Companies, a Florida based food and beverages company acquired Avanti Products Inc for an undisclosed amount. Through this acquisition the Legacy Companies plans to produce some of Avanti’s product solutions in its wholly owned manufacturing plants thereby securing a source of competitive advantage. Avanti Products Inc, a Florida based company that develops, manufacturers and markets compact appliances including refrigerators, freezers, ranges, microwave ovens, wine refrigerators, ice makers, water dispensers, laundry appliances and other compact appliances. The major players covered in the global refrigerators market are Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Hitachi, Bosch, Hisense, Sharp, Siemens, TCL, Kinghome, Midea, Panasonic, Meiling, DIQUA, Frestec, Casarte, Homa, LittleSwan, Konka, Toshiba, Arçelik, Godrej, Mitsubishi Electric, Panasonic. The countries covered in the global refrigerators market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global refrigerators market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global refrigerators market is segmented - 1) By Type: Single-Door, Double-Door, French-Door, Others 2) By Distribution Channel: Specialty Retailers, Department Stores, Mass Retailers/Hypermarkets/Supermarkets, Discount Stores, Online 3) By Application: Household, Commercial Use, Industrial Use 4) By Freezer Location: Freezer-on-Top, Freezer-on-Bottom, Freezer-Less

The hand dryers market consists of sales of hand dryers and related services. Hand dryers are cost-effective, energy-efficient and eco-friendly devices that are extensively adopted in restaurants, hotels, offices, and malls as a replacement to towel. Hand dryers are electronic machines used for drying hands in public bathrooms that works either by pressing a button or automatically using a sensor. These are highly responsive and are equipped with fast reacting sensors with maximum energy efficiency for instant reaction. The global hand dryers market is expected grow from $0.75 billion in 2020 to $0.88 billion in 2021 at a compound annual growth rate (CAGR) of 17.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.36 billion in 2025 at a CAGR of 11%. The hand dryers market covered in this report is segmented by product into jet air; hot air. Strong growth in hospitality industry drove the market for hand dryers in the historic period. The rapidly growing hospitality industry, such as the rise in hotels and restaurants, boosted the growth of the hand dryers market, driven by the need to meet cleanliness requirements in the food services and hospitality sector. For instance, according to the Office for National Statistics, in 2019, the hospitality industry is one among the foremost important parts of UK's economy, with total turnover reaching £98 billion ($130.8 billion) in 2017 up from £92 billion ($122.8 billion) in 2016 and £86 billion ($114.8 billion) in 2015. Moreover, according to National Restaurant Association in 2019, the restaurant industry is expected to double its sales by 2030. Strong economic growth in hospitality industry boosted the demand for hand dryers which drove the market during the historic period. The increased noise levels in hand dryers are expected to limit the growth of the hand dryers market. Hand dryers are dangerous and operate at high noise levels that can be hazardous to children's hearing. For instance, in 2019, in Canada, according to a new study published in 'Paediatrics & Child Health', a journal of the Canadian Paediatric Society, ears of children were hurting due to high noise levels of hand dryers. The noise levels with 110 decibels causes hearing loss in children within two minutes and noise levels with 120 decibels causes ear pain and injury. The driers were louder than the manufacturers claimed, with a potential to damage the users' ears. Increased noise levels in hand dryers, therefore, has a negative impact on the hand dryers market. Companies are launching new products in order to increase their revenue and also for gaining a competitive edge over their competitors. For instance, in November 2019, Dyson Ltd, a UK-based company specialized in manufacturing hand dryers, launched their new product Dyson Airblade 9kJ hand dryer in India. This product needs no touch to start its operation and comes with an added feature of HEPA filters that can purify 99.95% of particles from bathroom air. The product costs $1,349 (INR 97,000) in the US and $1248 (INR 95000) in India. The major players covered in the global hand dryers market are American Dryer, LLC., Dyson Ltd., Electrostar, Excel Dryer Inc., Panasonic Corporation, Mitsubishi Electric Corporation, SPL Ltd., Bobrick Washroom Equipment, Inc., Saniflow Corporation, Taishan Jieda Electrical Co. Ltd., World Dryer Corporation, HOKWANG INDUSTRIES, Palmer Fixture Company, Euronics Industries Pvt Ltd, Jaguar Group Sdn. Bhd., Bio JetDrier, Bradley Corporation, TOTO LTD., JVD SAS, Jaquar & Company Pvt Ltd, SAVORTEX, Askon Engineers, Toshi Automatic Systems Pvt. Ltd., Penson & Co., European Tissue, Warner Howard, The Hygiene Company, Veltia UK, Modun, ALOYCO, Siemens. The countries covered in the global hand dryers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global hand dryers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global hand dryers market is segmented - 1) By Product: Jet Air, Hot Air 2) By Operation: Manual On-Automatic Off, Fully Automatic 3) By End-User: Airports, Hotel & Restaurants, Hospitals, Offices, Shopping Malls, Others

The microphones market consists of sales of microphones and related services that are used in various applications such as in hearing aids, radios, large venues & events, educational institutions, government and military, and hospitality. A microphone is a type of transducer that converts acoustical energy from one form to another. The global microphones market is expected to grow from $1.87 billion in 2020 to $2.21 billion in 2021 at a compound annual growth rate (CAGR) of 18.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.41 billion in 2025 at a CAGR of 2%. The microphones market covered in this report is segmented by product type into wired microphones, wireless microphones. Widespread adoption of smartphones globally contributing to the growth of the microphones market. The demand for mobiles is directly proportional to demand for microphones. Mobile penetration is rapidly growing day by day across the globe, it is estimated that more than 5 billion people have mobile phones and half of them are smartphones. Younger people are more likely to have smartphones, access to the internet and use social media to be digitally connected. According to a Pew Research Center survey conducted across 18 advanced economies revealed that, a median of 76% have smart phones compared with a median of 45% in emerging economies. In Japan 69% of men and 63% of women own smartphones. In 2019, 57% of women and 63% of men own smartphones. Therefore, adoption of mobile phones is expected to increase the microphones market’s growth. Technical difficulties hampering the adoption of wireless microphones are expected to limit the growth of the microphones market. Due to the obstructions and physical distance between transmitter and receiver wireless microphones are subjected to signal blockages. In large events, microphone reception fades drastically due to dead zones created by obstructions and physical distance. Although hand free microphones are popular and unobtrusive many people have a habit to turn their heads while talking causing the voice to drop significantly. Wireless microphones can operate in VHF, UHF, 2.4GHz and 6GHz bands. The obstructions and the signal blockages are some of the technical difficulties that limit the growth of the microphones market. In both developing and developed economies, devices such as Amazon Alexa and Google Home are gaining popularity. These devices are manufactured by extensive use of microphones, which are able to respond to human voices. A smart assistant can perform various tasks such as playing music, news with the help of software that is installed in these smart devices. The home users are interacting with the SPA technology, which is an emerging innovation that is changing the way. The growing demand for personal home assistance owing to increasing disposable incomes and standard of living are driving revenues in the global microphones market. In December 2019, Knowles Corporation, a market leader and a global provider of advanced micro-acoustic, audio processing, and precision device solutions, acquired microphone design assets from AMS AG for a deal amount of $58 million. The transaction includes intellectual property, rights to source ASIC wafers from multiple foundry partners, and the transfer of the ASIC design team, which will continue to be based in Switzerland. AMS AG designs and manufactures advanced sensor solutions and also delivers a broad range of technology solutions for consumer electronics and communication device manufacturers. Products in AMS AG include sensor ICs, interfaces and related software for consumer, communication, industrial, medical, and automotive markets. The major players covered in the global microphones market are Knowles Corporation, Goertek, STMicroelectronics, BSE, NeoMEMS Technologies, Hosiden, InvenSense, Cirrus Logic, AAC Technologies, Infineon Technologies, OMRON, New Japan Radio, Bosch Sensortec, MEMSensing, Robert Bosch GmbH, Analog Devices Inc, Analog Devices Inc, Audio-Technica, HARMAN International (SAMSUNG), MUSIC Group (MUSIC Tribe), Sennheiser Electronic, SHURE, Sony, Yamaha, Mouser Electronics, Akustica Inc., Shandong Gettop Acoustic, Vesper Technologies, TDK Corporation’s InvenSense, CUI Inc. The countries covered in the global microphones market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global microphones market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global microphones market is segmented - 1) By Product Type: Wired Microphones, Wireless Microphones 2) By End-User: Studio & Broadcasting, Large Venues and Events, Educational Institutions, Government and Military, Corporate, Hospitality 3) By Application: Automotive, Commercial Security & Surveillance, Consumer Electronics, Industrial, Medical, Noise Monitoring & Sensing 4) By Technology: Electret, MEMS, Others

The smart refrigerators market consists of sales of smart refrigerators and related services that are used in residential and commercial sectors. A smart refrigerator is a programmed high-tech refrigerator that can identify the type of products stored therein and keep track of important information such as expiry and usage. Such refrigerators operate on a barcode or RFID network whereby the batch is collected and information are generated directly from the internet. The global smart refrigerators market is expected grow from $2.5 billion in 2020 to $2.9 billion in 2021 at a compound annual growth rate (CAGR) of 16%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.56 billion in 2025 at a CAGR of 12%. The smart refrigerators market covered in this report is segmented by product into top freezer refrigerator, bottom freezer fridge, side-by-side refrigerator, French door refrigerator and by technology into Wi-Fi, radio frequency identification (RFID), cellular technology, Bluetooth, zigbee, touchscreen. The rise in adoption of smart cities and smart infrastructures is a key factor driving the growth of the smart refrigerator market. The Internet of Things (IoT) market has been growing, with smart home devices and appliances, home is getting smarter with new devices that are available with internet connectivity. Smart home devices such as Google Nest, Ring and smart fridges have held users aware of the IoT trend, which relates to the connectivity of everyday items over the Internet. The global number of IoT-connected devices is projected to nearly triple from the 2018 estimates, reaching 43 billion by 2023, according to McKinsey & Co. Therefore, companies are investing more in IoT due growing interest in the smart home and this factor is driving the market for smart refrigerators. Smart refrigerators are generally more expensive than ordinary refrigerators. Although, smart refrigerators have high-tech features and can be controlled via smartphones, the high cost is hindering its growth. Additionally, the high repair cost is a key factor hampering the growth of the smart refrigerator market. Consumers might have to invest more on specific parts that are difficult to locate, and there might also be shortage of parts for some models in some cases. This results in using second-hand parts. Popular issues include a non-running refrigerator, or having a freezer portion that does not remain cold. The cost to fix these problems ranges between $140 and $200 nationally. The more recent issue with smart refrigerators is hacking. Smart refrigerators are not build with security and can’t be protected by antivirus software. Using devices that incorporates hardware, cloud and software designed to safeguard the appliance is an additional expense. Therefore, the high cost with smart refrigerators is expected to limit the growth of the smart refrigerator market. The IoT-enabled family hub refrigerator is a key trend in smart refrigerator market. The new Family Hub refrigerator provides features such as testing from anywhere what's inside the refrigerator, leaving messages on the White Board, seeing who's at the front door via a connected doorbell, adjusting the thermostat, watching CCTV video, suggestions for recipes, shopping recommendations, etc. In July 2020 Samsung launched its connected SpaceMax Family Hub Refrigerator which has additional storage space. In November 2018, Daikin Industries, Ltd., Japanese manufacturer of commercial air conditioning and refrigeration units acquired AHT Group for 881 million euros. With this acquisition, Daikin adds AHT's own wide range of products, services and solutions focused on its air-conditioning and cooling equipment, this will allow the company to become a one-stop provider providing full air conditioning and refrigeration products coordination. AHT Group, a leading company in the commercial refrigeration market in Europe. The major players covered in the global smart refrigerators market are Haier, Samsung Electronics, LG Electronics Inc., Panasonic Corporation, Whirlpool, Siemens AG, Midea Group, Hisense Co. Ltd., Electrolux, GE Appliances, AB Electrolux, Bosch Group, Liebherr Group, Frigidaire, TCL, Hitachi, Ltd. The countries covered in the global smart refrigerators market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global smart refrigerators market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global smart refrigerators market is segmented - 1) By Product: Top Freezer Refrigerator, Bottom Freezer Fridge, Side-Sy-Side Refrigerator, French Door Refrigerator 2) By Technology: Wi-Fi, Radio Frequency Identification (RFID), Cellular Technology, Bluetooth, ZigBee, Touchscreen 3) By Door Type: Single, Double, Side by Side, French 4) By End Use: Residential, Commercial