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Spark Plug Price in U.S. Drops 32% to $0.5 per unit

Spark Plug Price in U.S. Drops 32% to $0.5 per unit

Spark Plug Price in U.S. Drops 32% to $0.5 per unit

U.S. Spark Plug Import Price August 2022

In August 2022, the average spark plug price amounted to $0.5 per unit, with a decrease of -32.3% against the previous month. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 57% month-to-month. As a result, import price attained the peak level of $0.7 per unit, and then fell significantly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2.1 per unit), while the price for the Czech Republic (less than $0.1 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Spark Plug Imports

In August 2022, approximately 102M units of sparking plugs were imported into the United States; with an increase of 38% on the previous month. In general, total imports indicated a remarkable increase from January 2022 to August 2022: its volume increased at an average monthly rate of +5.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports decreased by -22.4% against April 2022 indices. The growth pace was the most rapid in February 2022 with an increase of 54% m-o-m. Over the period under review, imports hit record highs at 131M units in April 2022; however, from May 2022 to August 2022, imports remained at a lower figure.

In value terms, spark plug imports dropped to $46M (IndexBox estimates) in August 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 48% month-to-month. As a result, imports reached the peak of $59M. From April 2022 to August 2022, the growth of imports remained at a lower figure.

U.S. Spark Plug Imports by Country

In August 2022, Russia (47M units) constituted the largest supplier of spark plug to the United States, with a 46% share of total imports. Moreover, spark plug imports from Russia exceeded the figures recorded by the second-largest supplier, Japan (21M units), twofold. the Czech Republic (15M units) ranked third in terms of total imports with a 15% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Russia totaled +7.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (+2.4% per month) and the Czech Republic (+17.2% per month).

In value terms, Japan ($21M) constituted the largest supplier of spark plug to the United States, comprising 45% of total imports. The second position in the ranking was held by Mexico ($8.3M), with an 18% share of total imports. It was followed by Thailand, with a 12% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from Japan stood at -2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-0.5% per month) and Thailand (+8.9% per month).

Source: https://www.indexbox.io/blog/spark-plug-price-august-2022/

market network cell 5G communications networks will have logistics and supply chain applications, allowing users to more efficiently process shipments of export cargo and shipments of import cargo in international trade. RAN

The Global 5G RAN Market is Exhibiting Robust Growth Throughout the Anticipated Period

The global demand for 5G RAN is expected to rise at a healthy CAGR of 28.7% during the years 2022 and 2032 to reach a net worth of US$ 34.2 billion in 2032.

5G RAN Market Cellular devices utilize radio waves in order to communicate. These devices convert the user’s voice and mobile data into digitalized signals sent as radio waves. Radio Access Networks (RANs) are implemented to ensure the proper functioning of cellular devices and connect them to networks or the Internet.

RANs utilize radio wave transceivers to connect the device to the cloud infrastructure. Most transceivers or base stations are in connection via fiber backhaul to the mobile core network. RANs provide radio communication access and assists coordinative network resources across all wireless devices.

Wireless devices connect to cellular networks via Long Term Evolution (LTE) or 5G New Radio (NR) connectivity. Silicon chips in the core networks and cellular mobile devices complement the functionalities of RAN.

RANs have evolved significantly over the past years as cellular networking technology reaches 5G. Today, 5G RAN technology has the ability to support Massive Multiple Input Multiple Output (Massive MIMO) technology, multi-band carrier aggregation, vast spectrum bandwidths, and more.

5G RAN: Market Dynamics

Infrastructure has always been the top priority of countries with regard to strategic investments. The telecom sector is rapidly growing with governments making huge investments in IT infrastructure. National governments and public organizations are making huge investments in the betterment of national telecom infrastructures. This trend is estimated to propel the adoption of 5G RAN across every regional market.

Strategic investments in the telecom sector help governments harness the potential to create employment and drive the economic growth of countries. Ongoing advancements in 5G technology have great potential to transform the telecommunication industry vertical and enhance the user experience for end-users.

Many enterprises operating in the telecommunication industry across the globe are focusing on upgrading their existing networking infrastructure to 5G networking infrastructure. This will help such telecom service providers offer services with high performance and high-speed connectivity.

Thus, huge investments targeted at upgrading national telecom infrastructure is the key factor estimated to boost the adoption of 5G RAN technology during the forecast period.

Impact of COVID-19 Pandemic Outbreak on 5G RAN Market

Rising infections across the globe are forcing national governments to declare nationwide lockdowns. These lockdowns are restricting the large-scale deployment of 5G technology on a global level. Deployment of 5G technology in key industry verticals, like Automotive, Transportation, and Logistics, was estimated to boost the adoption of 5G RAN solutions and services.

Lockdowns legislated by national governments to combat the spread of infections have restricted 5G deployment. Government and public sector and healthcare industry verticals are estimated to record a spike in adoption rates. However, the overall growth rate is estimated to carry on undeterred with consistent adoption of 4G LTE.

Regional overview

5G RAN markets in North America and Europe are leading all other regional markets on a global level. The strong market share may be attributed to the high presence of 5G technology solutions and service providers in the region.

Initiatives and investments deployed by government organizations are also propelling the adoption of 5G technology, thus driving the 5G RAN market. Advancements in 5G technology for automotive and smart transportation are playing a key role in propelling 5G RAN market growth in European economies like Germany and the U.K.

The 5G RAN market in the Southeast Asia Pacific region is projected to register a strong growth rate over the forecast period. 5G RAN markets in Latin America and the Middle East and Africa region will be slower to gain traction during the forecast period, as LTE Advanced technology is still gaining diffusion in those regional markets.

Competition Landscape

Some of the key vendors in the global 5G RAN market is Nokia; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Verizon; ZTE Corporation; NEC Corporation; Cisco; Qualcomm Technologies, Inc.; SAMSUNG; Intel; and FUJITSU, among others.

The 5G RAN market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

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Power Management Integrated Circuit (PMIC) Market Is Estimated To Develop At A Substantial CAGR For The Duration Of The Prediction

The Power Management Integrated Circuit (PMIC) Market is likely to surge at a vigorous 6.6% CAGR during the assessment period 2022 – 2027 and is anticipated to progress at a CAGR of 6.6% to reach US$ 28.1 Bn in 2022 and US$ 41.2 Bn by 2027.

  • Rising sales of smart devices across the globe
  • Growing energy harvesting initiatives
  • Introduction of compact and high-efficiency PMICs
  • Ongoing industrial automation and vehicle electrification

The FMI study finds that demand for power management integrated circuits  in communication equipment applications is projected to grow at a higher rate. In 2019, PMIC application in communication equipment is expected to grow at 8.5% y-o-y. The projected growth can be attributed to buoyancy in the telecommunication industry owing to increasing demand for connectivity and the adoption of communication equipment starting from analog switches to smartphones to communication satellites.

Personal Electronics Application Registers Leading Revenues

The FMI study finds that demand for power management integrated circuit (PMIC) remains higher in personal electronics devices. In 2018, sales of power management integrated circuits garnered revenues worth over US$ 5.7 billion in 2018 and held 27% of the global PMIC market share. The demand trend in personal electronics applications is expected to continue in 2019 at the rate of 6.6% y-o-y.

A plethora of personal electronics devices and their rising adoption rate in the wake of the increasing millennial population, expansion of the middle class, and increased purchase capacity are factors responsible for the increasing demand for power management integrated circuits (PMIC) in personal electronics applications. In addition, manufacturers in the consumer electronics industry highly utilize PMIC to optimize energy consumption in compact devices.

Industrial application of power management integrated circuit (PMIC) registered second highest revenues and accounted for over one-fifth of the market revenues in 2018. Demand for power management integrated circuit (PMIC) in the automotive sector closely follows revenues in industrial applications.

PMIC Marketplace Moderately Consolidated

Leading players in the power management integrated circuit (PMIC) marketplace share considerable revenues. Texas Instruments, STMicroelectronics, NXP Semiconductors N.V., ON Semiconductor Corporation, and Analog Devices, Inc. are prominent market players, of which ON Semiconductor is the front-runner.

Small and mid-sized players are leveraging strategies such as the introduction of low-priced products to establish a stronghold in the domestic market. Increasing revenues of these players are eating into the shares of prominent PMIC market players.

APEJ Revenues Continue to Surge

The FMI study finds that APEJ continues to register a leading position in the power management integrated circuit (PMIC) market. In 2018, over two-fifth of the PMIC market revenues were accounted for the APEJ region, of which over 67% share was registered from China and India.

The region presents significant growth of the end-user industries of the power management integrated circuit (PMIC) market, thereby garnering leading revenues. The FMI study finds that North America continues to register the second leading position in the power management integrated circuit (PMIC) market. In 2018, over one-fourth of the PMIC market revenues were accounted for the North American region, of which over 81% share was registered from the U.S.

Across the globe, increasing energy harvesting initiatives and their penetration into the semiconductor industry have generated lucrative opportunities for the power management integrated circuit (PMIC) market. As the global demand for electricity rises and the world enters the era of IoT and digitalization, demand for power management integrated circuits (PMIC) is set to rise in the coming years.

Competitive Landscape

Power management integrated circuit (PMIC) manufacturers focus on power management and power-efficient semiconductors that contribute to better energy efficiency and lower power consumption for a range of portable devices and applications in the consumer electronics sector.

  • In December 2020, MagnaChip Semiconductor Corporation announced a new line of power management integrated circuits (PMIC) by introducing its first UHD display panel PMIC for laptops. It includes multiple power management functions within a single chip.
  • In January 2020, Qorvo introduced a power management integrated circuit (PMIC) that expands the company’s portfolio of products for rapid in-vehicle charging of phones, tablets, and laptops.
U.S. Video Game Console Price Contracts for Two Consecutive Months to $152 per Unit

U.S. Video Game Console Price Contracts for Two Consecutive Months to $152 per Unit

U.S. Video Game Console Import Price August 2022

The average video game console price stood at $152 per unit in August 2022, dropping by -8% against the previous month. Over the period under review, import price indicated a buoyant increase from January 2022 to August 2022: its price increased at an average monthly rate of +9.0% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, video game console import price decreased by -10.8% against June 2022 indices. The growth pace was the most rapid in February 2022 when the average import price increased by 32% month-to-month. Over the period under review, average import prices reached the maximum at $171 per unit in June 2022; however, from July 2022 to August 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($261 per unit), while the price for Japan ($25 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Video Game Console Imports

In August 2022, overseas purchases of video game consoles increased by 30% to 7.1M units for the first time since May 2022, thus ending a two-month declining trend. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2022 with an increase of 82% m-o-m. Over the period under review, imports reached the maximum at 7.4M units in January 2022; however, from February 2022 to August 2022, imports failed to regain momentum.

In value terms, video game console imports soared to $1.1B (IndexBox estimates) in August 2022. Over the period under review, total imports indicated a resilient increase from January 2022 to August 2022: its value increased at an average monthly rate of +8.5% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports increased by +19.8% against July 2022 indices. The most prominent rate of growth was recorded in May 2022 when imports increased by 102% month-to-month. Imports peaked in August 2022.

U.S. Video Game Console Imports by Country

In August 2022, China (5.8M units) constituted the largest supplier of video game console to the United States, with a 82% share of total imports. Moreover, video game console imports from China exceeded the figures recorded by the second-largest supplier, Japan (927K units), sixfold.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-1.7% per month) and Vietnam (-3.0% per month).

In value terms, China ($990M) constituted the largest supplier of video game console to the United States, comprising 91% of total imports. The second position in the ranking was held by Vietnam ($64M), with a 5.9% share of total imports.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from China totaled +9.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-0.2% per month) and Japan (+19.7% per month).

Source: https://www.indexbox.io/blog/video-game-console-price-august-2022/

Wireless Antenna Market is reached an evaluation of US$ 7,871.0 million by 2032

Wireless Antenna Market is Reached an Evaluation of US$ 7,871.0 Million by 2032

The worldwide wireless antenna market is projected to arrive at US$ 4,700.0 million in 2022. In light of the report, deals of wireless antennae will take off at a CAGR of 5.30 % to arrive at an assessment of US$ 7,871.0 million by 2032.

In big business applications, wireless antennas are broadly sent in purchaser hardware products like cell phones. Additionally, these wireless antennas are likewise utilized in the auto industry for the reason of vehicle availability.

Wireless antennae are introduced in cutting-edge LTE wireless organizations, as the utilization of portable web information traffic is essentially rising, which has fueled the interest in cutting-edge 4G and 5G wireless organizations.

Wireless Antenna Market: Drivers and Restraints

Increasing usage of the wireless antenna in connectivity vehicles help user to communicate with the outside world with improved features like infotainment and navigation, which is turning out to be the major driving factor that has a huge impact on the growth of the wireless antenna market.

The rising usage of wireless antennas in mobile devices is another major driving factor of the wireless antenna market. Moreover, new entrants in developing wireless antennas international market are also boosting the growth of the wireless antenna positively manner.

High initial investment cost associated with the acquisition of a site to the installation of a telecom network is turning out to be the major challenge faced by most of the vendors in the Wireless Antenna market.

Global Wireless Antenna Market: Regional Outlook

Based on geography, the Wireless Antenna market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa. Among various regions, the Wireless Antenna market in the APEJ region is expected to dominate during the forecast period owing to the presence of a large number of telecommunication industries and strong financial growth in consumer electronics goods in China and India. APEJ region is expected to be followed by North America and Europe.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.

Recent Developments in the Wireless Antenna Market

  • In June 2021, Linx Technologies, a Merlin, OR-based developer and manufacturer of wireless components announced the extension of their global footprint in Taoyuan City, Taiwan with the addition of a new design center.
  • In September 2021, Johanson Technology Inc., a specialist in the manufacture and design of superior quality RF and Microwave ceramic chip capacitors, integrated passives, and inductors announced a novel tri-band WiFi 6E chip antenna.
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IoT Network Management Market is Projected to Record a CAGR of 23.3%, during 2022 – 2032

According to the IoT network management industry analysis by Future Market Insights (FMI), the demand registered in the IoT network management market will grow at a noteworthy CAGR of around 23.3% from 2022-2032. The report states that the market is expected to reach a valuation of US$ 5.1 Bn by the end of 2022.

IoT networks are rapidly expanding across the globe, allowing businesses, and industries to control and/or monitor a broad range of smart gadgets. With any network technology, speed and responsiveness are crucial for accurate and dependable IoT device performance.

IoT networks, on the other hand, have a variety of network performance issues due to the presence of heterogeneous and resource-constrained devices communicating through error-prone radio channels and frequently deployed in hostile environments.

The Internet of Things (IoT) tangibly solves significant business problems in a variety of industries. Healthcare, smart cities, building management, utilities, transportation, and manufacturing are among the early users of this technology, attesting to its numerous advantages.

However, the number of threats and cyberattacks directed at IoT devices and networks is on the rise in both number and complexity. Attacks like IoT botnets, DNS threats, IoT ransomware, IoT physical security, and shadow IoT are on the rise in IoT devices, connected software, and network connections.

Combining IoT solutions with edge processing technology supports minimizing the vulnerabilities as edge security helps in protecting users and sensitive data. Therefore, there is an increased need to secure the devices and network, and use them to strengthen network security. As a result, enterprises are deploying IoT network management solutions to protect devices against new security threats.

“Different functionalities of IoT network management help to maintain network performance. Increasing adoption of IoT network management platforms across large enterprises will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By solution, demand in the network management platform segment is expected to grow at a CAGR of 24.4% through 2032.
  • Based on enterprise size, the SME segment is predicted to grow by 8.9X during the forecast period.
  • In terms of industry, the healthcare segment is predicted to grow at a CAGR of 29.9% between 2022 & 2032.
  • By region, North America accounted for the largest market share of around 32.3% in the IoT network management market in 2021, whereas South Asia & Pacific region is showing the highest growth of around 28.4% CAGR during the forecast period.

Competitive Landscape

IoT network management providers are focusing on strategies such as product innovation to improve their offerings and enhance their product portfolios to meet growing demand. Furthermore, a number of enterprises are collaborating with technology experts to build their own IoT network management solutions. For instance:

  • In March 2021, BehrTech collaborated with WEPTECH, a pioneer in the development and manufacture of cutting-edge wireless communication technologies launched cost effective MYTHINGS-certified gateway for Mioty, which is a next-gen LPWAN protocol.
  • In March 2022, a strategic partnership was established between Sierra Wireless and T-Mobile to strengthen the IoT connectivity solutions of Sierra Wireless by combining the IoT network management tools with LPWA, 5G coverage, AND 4G LTE from T-Mobile’s powerful mobile network.