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Key Emerging Trends in the 5G System Integration Market
Numerous governments worldwide are spearheading initiatives to replace conventional streetlights with LEDs, aiming to curtail energy consumption and associated costs. Notably, the German government and several countries in Europe—such as the Netherlands, Norway, Spain, and Italy—are instituting regulations to substitute fluorescent lamps with LED lighting. These measures align with the environmental "Green Agenda," underscoring the region's commitment to sustainability. This concerted effort from governments, coupled with burgeoning developments in smart city initiatives, supported by substantial investments from key stakeholders, is poised to drive market growth for smart streetlights in the US and Europe. The market segmentation is based on product categories encompassing lighting controls, access control, surveillance, HVAC control, and other segments. Surveillance emerges as the dominant segment in 2018, maintaining its prominence throughout the forecast period. Within surveillance, sub-segments include security cameras, storage and monitoring devices, and related components. However, the access control segment is anticipated to record the highest Compound Annual Growth Rate (CAGR) during the forecast period. Standard categorization includes KNX, Zigbee, Z-Wave, EnOcean, BACnet, DALI, Wi-Fi, and Infrared. In 2018, Wi-Fi commands the market, although the BACnet segment is projected to exhibit the highest CAGR during the forecast period. The end-user segmentation involves smart home and smart office categories, with smart homes dominating in 2018. Within smart homes, new constructions generated the highest market revenue in 2018 and are forecasted to exhibit the highest CAGR. The surge in smart homes and Internet of Things (IoT) technology has propelled the adoption of smart home systems. Additionally, stringent energy efficiency standards for buildings drive the integration of smart technologies in new house constructions. Regionally, North America is estimated to lead the market in 2018, attributed to escalating government initiatives supporting energy-efficient lighting in commercial and residential spaces. Meanwhile, Asia-Pacific is anticipated to record the highest CAGR during the forecast period, with notable contributions from countries like China and Japan. The global market for smart home and office solutions comprises diverse stakeholders, including component manufacturers, government research entities, universities, and technical institutes committed to advancing the automation sector. Major players identified in the study encompass ABB Limited, Siemens AG, Gira Giersiepen GmbH & Co. KG, Hager Group, MDT Technologies, Schneider Electric (Merten), Bosch Rexroth AG, Honeywell International, Johnson Controls International, United Technologies Corporation, ADT Inc, ASSA Abloy AB, Legrand SA, Ingersoll-Rand PLC, Lutron Electronics, Busch-Jaeger Elektro GmbH, Creston Electronics Inc., Samsung Electronics Co Ltd, Sony Corporation, and Eaton Corporation. Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Technological advancement and innovation |
| Market Dynamics | Rising demand for high-speed bandwidth capacity and growing popularity of Network Function Visualization (NFV) and Software-Defined Networking (SDN) across enterprises |
5G System Integration Market Highlights:
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