MARKETS
А. Markets for the Photonic Elements:
The Photonic Elements can be used in the Markets of Printed Sensor, Flexible Printed Sensor, Photonic/FOLED Controllers, Photonic/FOLED Lighting, Photonic/FOLED Roof; Medical Device; Office Buildings and Banks Construction; Entertainment (Theme Parks and Amusement Rides with Augmented and Virtual Realities); Food (Themed Restaurants).
1.1. The Printed Sensor Market. Sensors that are printed on flexible substrates represent a growing market. The global Printed sensor market is expected to register a CAGR of over 6.56% during the forecast period 2018 - 2023. IDTechEx predicts the market for fully printed sensors will reach $7.6 billion by 2027.
1.2. The Flexible Printed Electronics Market is expected to grow from USD 23.92 billion in 2018 to reach USD 40.37 billion by 2023, at a CAGR of 11.0% between 2018 and 2023.
According to Stratistics MRC, the Global Printed Electronics market is expected to grow to reach $12.83 billion by 2022 with a CAGR of 20.1%.
1.3. The Global OLED Controllers Market is anticipated to grow at an exponential rate. This market has been witnessing a continuous growth path since past years and the situation of the market is expected to further improve after 2017. The global market for LED/OLED controllers is anticipated to grow at a CAGR of 17.4%. In 2017, the global market was valued at about US$ 1400 Mn and is estimated to reach a valuation of more than US$ 5 Bn. Moreover, trends such as emergence of innovative lighting concepts, increasing lighting projects and increasing application of lighting solutions are spearheading this gigantic growth.
1.4. The OLED Lighting Market. The OLED Ceiling and Roof Market. IDTechEx assess the market potential for OLED lighting across all major lighting sectors. IDTechEx forecast that the market will grow to 2.5 billion US$ in 2027.
Rising awareness about energy conservation and utilizing scarce resources judiciously are crucial factors promoting the adoption of LED/OLED/FOLED lighting and its related products. As stated by Persistence Market Research, the global LED/OLED/FOLED lighting market was valued at nearly US$ 37,000 Mn in 2017 and is expected to touch a figure of nearly US$ 126,000 Mn by the year 2025, registering a CAGR of 16.6% and exhibiting an increase of 3.4X in terms of revenue during the forecast period.
The Photonic Elements can also be used in Markets of Smart Office; Medical Device; Cybersport; Entertainment (Theme Parks and Amusement Rides with Augmented and Virtual Realities); Food (Themed Restaurants).
B. Markets for the Device Construction:
The Device Construction can be used in the Markets of Commercial Building Construction and Office/Bank Workspace Organization; Smart Office; Medical Device; Cybersport; Entertainment (Theme Parks and Amusement Rides with Augmented and Virtual Realities); Food (Themed Restaurants).
1.5. The Commercial Building Construction Market. The Office/Bank Workspace Organization Market.
Over the past five years, the Commercial Building Construction in the US industry (Office Buildings and Banks) has grown by 11.2% to reach revenue of $227bn in 2018. In the same timeframe, the number of businesses has grown by 1.3% and the number of employees has grown by 3.9%.
1.6. The Smart Office Market (as Smart Dynamic Office). The global smart office market size is expected to reach USD 57.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 13.2% over the forecast period. Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices. Rising concerns regarding energy consumption are also likely to augment the market.
The North American region accounted for the largest share of just over 55 % in 2016. The retrofit segment dominated the market in 2016, with a valuation of USD 14.30 billion. The segment will retain its lead position through 2025.
1.7. The Medical Device Technology Market (as Medical Offices, Laboratory). The U.S. medical device manufacturers market size was valued at USD 156.0 billion in 2017 and is anticipated to exhibit a CAGR of 5.0% over the forecast period. Rising prevalence of chronic diseases and increasing geriatric population in the country are among principal market drivers.
The future of the global medical device market looks good with opportunities in public and private hospitals. The global medical device market is expected to reach an estimated $409.5 billion by 2023, and it is forecast to grow at a CAGR of 4.5% from 2018 to 2023. The major drivers for the growth of this market are healthcare expenditure, technological development, aging population, and chronic diseases.
1.8. The Cybersport Market. The Statista: According to the source's estimates, global eSports market revenue will reach 1.65 billion U.S. dollars in 2021. The eSports industry is expected to grow rapidly in the coming years.
1.9. The Entertainment Market: Theme Parks and Amusement Rides with Augmented and Virtual Realities. The Device Construction can be used also in Modern Parks and Amusement Rides.
It is projected that the revenue of amusement and theme parks in the U.S. will amount to approximately 20.5 billion U.S. dollars by 2022 according to Statista.
1.10. The Food Market: Themed Restaurants. Presented in this invention rotating device can be used in restaurants with automatic delivery of dishes and also in another.
The Statista: Revenue in the Food market amounts to US$660,831m in 2018. The market is expected to grow annually by 3.0% (CAGR 2018-2021).
With a CAGR of 6.8%, global food services industry revenues will rise to $3.8 trillion by the end of 2019 according to Euromonitor.