Wednesday, 30 June 2021

Opportunity in Ultra-Wideband Market : New application areas of UWB technology in wireless sensor network

The report "Ultra-Wideband Market by Application (RTLS, Imaging, Communication), Positioning system (Indoor, Outdoor), Vertical (Healthcare, Automotive & Transportation, Manufacturing, Consumer Electronics, Residential, Retail), & Geography - Global Forecast to 2025" is estimated to grow from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 19.6%. Major factors driving the growth of the UWB market include the rising demand for UWB technology in RTLS applications, the growing deployment of this technology in mobile devices, and the increasing adoption of the Industrial Internet of Things (IIoT).

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Opportunity: New application areas of UWB technology in wireless sensor network

A wireless sensor network is a type of ad hoc network designed for areas where wiring and power supply is difficult to achieve. Over the years, wireless sensor network has gained significant attention in the military, transportation, and other industries. The conventional carrier-based wireless communication technologies are unable to meet the requirements for low power consumption, low cost, user-friendly design, and interference immunity. Hence, researchers are getting attracted toward UWB technology due to its feature of short pulses. The use of carrier less short pulses in UWB, which offers effective and reasonable transmission in the wireless sensor network, has an array of advantages over other carrier-based communication technologies. The advantages of UWB technology-based solutions in terms of cost, size, and power consumption fulfill the requirements of the microsensor node used in the wireless sensor network. Moreover, its capability for high data transmission in a short distance facilitates the gateway nodes to transmit data.

Challenge: Complexities in channel estimation for UWB communications

Channel estimation is one of the most important parameters considered while designing a receiver for deployment in any wireless communications network. The receiver used in the UWB-based wireless communication system correlates the received signal with a predefined template signal. However, as a result of the extremely wide bandwidth and very low signal energy, a short pulse used in UWB technology undergoes pulse distortion, thereby making channel estimation in the UWB-based communication system highly complicated. Furthermore, the large frequency band of UWB increases the antenna swap-out (or additions), as well as the complexity of antenna counts, which makes the channel estimation more difficult.

Communication application to hold largest share of UWB market in 2025

UWB wireless technology offers significant advantages in communication applications owing to its narrow pulses and high localization precision. UWB communications systems are receiving significant attention due to their high data rates and low power consumption, as well as the ability to reduce interference. UWB technology is also used as a communication link in the ad-hoc sensor network. There is a sudden rise in communication applications for UWB as various companies are now using this technology in smartphones for mobile tracking services and better connectivity. Also, UWB antennas are used for wireless communication as they reduce the complexity and fabrication cost when high data rate transition, covering a larger area, is required.

Automotive and transportation would be fastest-growing vertical in UWB market during forecast period

The automotive and transportation industry has witnessed arrays of new and emerging applications for UWB technology. Since the past few years, wireless technology is majorly used in automobiles for the radio reception and navigation purposes. However, recently, automotive applications such as vehicle-to-vehicle and vehicle-to-infrastructure communication gained significant consideration from automobile manufacturers across the world. UWB location tracking technology makes the human–machine interface in automobiles easier and better. It results in novel comfort applications such as smart car access, driver authentication, and personalized user settings, such as seat positioning or climate control. UWB is a very promising technology for public transport vehicles. UWB technology is also used in train control systems where narrow radiofrequency pulses are transmitted to ensure wireless communication between the train and small devices installed on the wayside, as well as to control bus operations.  

North America to hold largest share of UWB market in 2025

Earlier, UWB was not widely adopted in North America owing to the cost-effectiveness of other substitute wireless technologies, such as faster versions of Wi-Fi, and low-power Bluetooth. UWB technology has been widely deployed in the communications and RTLS systems. Recent advancements in positioning accuracy of impulse radio-based UWB technology and falling average selling prices (ASP) of UWB chips are expected to drive the UWB market in North America during the forecast period.

Key Market Players

Key players in the market are Decawave (acquired by Qorvo Inc. (US)), Apple (US), 5D Robotics (US), Pulse~LINK (US), BeSpoon (France), Zebra Technologies (US), NXP Semiconductors (Netherlands), Texas Instruments (US), Johanson Technology (US), Alereon (US), LitePoint (US), Fractus Antennas (Spain), Nanotron Technologies (Germany), Samsung Electronics (South Korea), Sony (Japan), Ubisense (UK), Alteros (Ohio), and Starix Technology (US).

These players are increasingly undertaking product launches and developments, and acquisitions to develop and introduce new technologies and products in the market.

Don’t miss out on business opportunities in Ultra-Wideband Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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GOOGLE and CASIO Top Companies in Global Human Augmentation Market

 According to the new research report "Human Augmentation Market by Technology (Wearable, Virtual Reality, Augmented Reality, Exoskeleton, Intelligent Virtual Assistants), Functionality (Body Worn, Non-body Worn), Region - Global Forecast to 2024", The human augmentation market is projected to grow from USD 70.9 billion in 2019 to USD 206.9 billion by 2024, at a CAGR of 23.9%. Major factors driving the growth of the human augmentation market include surge in technology penetration in healthcare, safe and strong military personnel, advent of artificial intelligence in wearable devices, and growing popularity of wearable augmentation products.

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Key Market Players

Key players operating in the human augmentation market are Google Inc. (US), Samsung Electronics Co. Ltd. (South Korea), Ekso Bionics Holdings Inc. (US), Vuzix Corporation (US), Garmin (US), Fossil Group Inc. (US), B-Temia Inc. (Canada), Casio (Japan), Magic Leap Inc. (US), Rewalk Robotics Inc. (Israel), Polar Electro (Finland), P&S Mechanics. (South Korea), Jawbone Inc. (US), Life Sense Group B.V (Netherlands), Atoun (Japan), Mobvoi (China), Rex Bionics (New Zealand), Goqii (US), Guangdong BBK Electronics Co. Ltd. (China), and Atheer, Inc, (US).

GOOGLE

Google Inc. is determined to tap the augmented reality (AR) headset space, which is currently in nascent stage. For example, in May 2019, the Glass Enterprise Edition 2 was launched to target enterprise & industrial applications. The Glass Enterprise Edition 2 has a powerful processor and a new artificial-intelligence engine, as well as offers fast charging and long battery life. The use of Qualcomm's Snapdragon X1 chip within the same will provide more power and use its multi-core capabilities to power things like a new AI engine. These smart glasses are easier and faster to deploy as they are built upon Android, and therefore can be used for Android-friendly APIs as well as Android Enterprise Mobile Device Management.

CASIO

Casio is among the leading multinational consumer electronics companies offering calculators, musical instruments such as an electronic keyboard, and electronic dictionary. The company earns nearly 85% of its revenue from the consumer business domain, which includes functional watches such as outdoor wristwatches and smartwatches. Casio realizes the potential for smartwatches in the wearable technology market; therefore, it is focused on developing and offering new products to its consumers frequently.

Virtual reality market to grow at highest CAGR during forecast period

The growing demand for virtual reality is due to increasing use in applications such as education and e-retailing sectors owing to the provision of easy learning and promotions and advertising, respectively. Furthermore, virtual reality technology is set to positively impact workplace automation as it can streamline processes and eliminate common pain points experienced by businesses of all sizes. The use of virtual reality will eliminate physical computers and create an exponentially increasing base of remote workers as well as reduce operating costs.

Wearable holds largest share of human augmentation market in APAC during forecast period

APAC is expected to grow at the highest CAGR during the forecast period. Japan’s strong base of technologically advanced manufacturing industries presents significant opportunities for the human augmentation market for technology in the country. Massive mobile user base and high population growth rate in the country are driving the growth for the human augmentation market in APAC. In India, the growing usage of smart devices, availability of cheap labor, and increase in disposable income, as well as rebounding economy, are the key driving factors for the growth of the human augmentation market.

China to grow at highest CAGR in human augmentation market, in terms of value, by 2024

China is a manufacturing and innovation hub for various end-user industries, such as semiconductors, automotive, and consumer electronics, including home appliances, smartphones, and computer and peripheral devices. Therefore, it holds immense potential for manufacturing and selling wearable technology devices. Massive mobile user base to drive the growth of the VR market. The video and gaming content companies are also expected to drive the VR market in this country. The market for virtual reality in China is expected to grow at the highest CAGR during the forecast period. A number of towns and cities in China have declared themselves incubator zones that are integrating VR into research, manufacturing, education, and other spheres, luring in capital. For example, Seekers VR, which is based in Wenzhou, east China’s Zhejiang province is working with the Wenzhou government to establish a college focused on educating students using VR.

Don’t miss out on business opportunities in Human Augmentation Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Network function virtualization to grow at higher CAGR in 5G Infrastructure Market

 The report "5G Infrastructure Market by Communication Infrastructure (Small Cell & Macro Cell), Core Network (SDN & NFV), Network Architecture (Standalone & Non-standalone), Operational Frequency (Sub 6GHz & Above 6GHz), End User & Geography - Global Forecast to 2027", is valued at USD 784 million in 2019 and is projected to reach USD 47,775 million by 2027, at a CAGR of 67.1%. Lower latency in 5G, growing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic are among the major factors driving the 5G infrastructure market. Increasing M2M connections across various industries are also expected to drive the 5G infrastructure market growth during the forecast period.

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Small cell for 5G infrastructure held the largest market share in 2019

The market growth of small cells is attributed to low-power wireless access points that provide better quality cellular coverage and capacity for homes, enterprises, metropolitan public spaces, and rural public spaces. In the 5G network, customers expect high speed of data communication with high reliability, which acts as one of the major challenges for network operators. To overall come this challenge, network operators look forward to deploying small cells on a large scale as an alternative to address the need for high speed and highly reliable data communication.

Network function virtualization to grow at higher CAGR in 5G infrastructure market during forecast period

The NFV is designed in such a way that a network operator can quickly implement different network functions via software that can be run on standard server hardware and can be easily shifted or installed in various locations in the network as per requirement without the need to install new hardware equipment. In other words, the network provider will no longer need to procure dedicated or application-specific hardware devices to build, add, or to offer new services. These factors are expected to fuel the growth of NFV in the coming years.

5G NR Non-Standalone (LTE Combined) held larger size in 5G infrastructure market in 2019

Non-standalone (NSA) 5G network refers to having merely 5G NR cells in place with EPC (Evolved packet core). The deployment of 5G cells would solely rely on the existing LTE network for all control functions and add-on services. The 5G NSA architecture operates in master–slave configuration, in which the 4G access node is the master and 5G access node is the slave. Therefore, this deployment option has several limitations as it will depend on the LTE network for significant coverage.

Above 6 GHz to witness fastest growth in 5G infrastructure market in coming years

Above 6 GHz frequencies such as 26 GHz and 28 GHz bands have strong momentum. As they are adjacent, they tend to support spectrum harmonization, and thus reduce handset complexity, economies of scale, and early equipment availability. Governments and regulators must realize the potential of 5G for new mobile bands above 24 GHz. The significant availability of harmonized 5G spectrum in these bands is essential to enable fast 5G speeds, low cost devices, international roaming, and minimize cross border interference.

APAC to witness highest CAGR in 5G Infrastructure market during forecast period

This high growth in APAC is attributed to the adoption of new technologies and advancements in organizations across various industries. 5G network would play an integral role in advanced technologies such as IoT and machine-to-machine communication (M2M), as well as in smart cities and industrial automation. Also, the 5G infrastructure market has huge opportunities in smart cities. Various countries in Asia have either initialized the implementation of smart city projects or are in the planning phase.

The major players in the 5G infrastructure market are Huawei (China), Ericsson (Sweden), Samsung (South Korea), Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (US), CommScope (US), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel), and Mavenir (US).

Don’t miss out on business opportunities in 5G Infrastructure Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Impact of Covid-19 on Global AI in Computer Vision Market

 The report "AI in Computer Vision Market With Covid-19 Impact by Component, Machine Learning Models, Function, Application (Industrial, Non-Industrial), End-Use Industry (Security & Surveillance, Consumer Electronics) and Geography - Global Forecast to 2026", is estimated to be valued at USD 15.9 billion in 2021 and reach USD 51.3 billion by 2026; it is anticipated to grow at a CAGR of 26.3% during the forecast period (2021–2026). The major factors driving the growth of AI in computer vision market are growing need for quality inspection and automation, increasing demand for computer vision systems in non-traditional and emerging applications, and rising need for ASICs and government initiatives to support industrial automation and integration of AI into the edge devices. However, several factors, such as rising security concerns related to cloud-based image processing and analytics can act as a key challenge in the market during the forecast period.

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Impact of Covid-19 on AI in computer vision market:

The COVID-19 pandemic has had a low impact on the growth of the AI in computer vision market. From a regional point of view, the outbreak of COVID-19 has caused a major setback to the export-oriented economies owing to the temporary shutting down of manufacturing plants. For instance, the automotive industry of Germany has been severely affected as most of the automobile trade takes place with China and Italy. Besides the issues related to exports and imports, the growth of the manufacturing industry in Germany has been hampered due to the closure of manufacturing plants and slowdown in operations to contain the spread of COVID-19.

However, consumer electronics, comprising products such as smartphones and smart homes, have become less of a luxury and more of a necessity. This segment, which comprises wearables, laptops, desktops, and other appliances, was impacted as the production declined due to disruptions in the global supply chain, especially in China, which is the major hub of OEMs in this segment. However, from the consumers’ perspective, there is a growth in the adoption of AI-enabled smartphones and other gadgets, which is supporting the growth of the AI in computer vision market. With most of the process going without human intervention, the security and surveillance industry is likely to hold a substantial share of the AI in computer vision market during and after the COVID-19 period.

Non-industrial to account for the largest share of AI in computer vision market during the forecast period

In the non-industrial market, the growing demand for camera-enabled smartphones at both front and rear ends is driving the market for AI in computer vision, especially in the consumer segment. However, the industrial segment is expected to grow at a higher rate as modern technologies can help in several traffic situation systems, including toll collection, monitoring traffic flows, and identifying violations. 3D machine vision also has a huge potential for growth in non-industrial applications such as security and surveillance, postal and logistics, and intelligent transportation systems (ITS), where image quality, dimension, and orientation play a crucial role. Modern technologies can enhance several transportation systems, including toll collection systems and traffic monitoring systems.

Supervised Learning will have the highest growth in the coming years

Supervised learning is expected to account ~84% share of the overall AI in computer vision market by 2026. The growing adoption of supervised learning in various healthcare applications, especially medical imaging, and the use of different sensors and devices in modern facial recognition algorithms supplement the growth of this segment. Learning models are currently being implemented to develop various AI products and services. Some recent applications of these models are in autonomous vehicles/connected cars, virtual assistants (Apple’s Siri, Microsoft’s Cortana, and Google’s Google Now), expert systems, drones, computer-aided diagnostics, video games, and image recognition systems.

Consumer Electronics is expected to hold the largest share in 2026

There is an increasing demand for AI-enabled computer vision systems in consumer electronics such as smartphones, desktops, and laptops is driving the growth of the AI in computer vision market. Healthcare, however is projected to grow at the highest CAGR during the forecast period as AI-enabled computer vision technology plays a vital role in applications like radiology, medical imaging. Apart from this, increasing participation of various automotive and IT giants to develop autonomous cars is driving the growth of the AI in computer vision market for the automotive industry. In the security & surveillance industry, AI-enabled computer vision systems are increasingly being used to identify threats and people, thus boosting the adoption of AI-enabled computer vision solutions in this industry. Further, advancements in machine vision technology, such as smart cameras and automation, have increased the scope of  AI in computer vision market in the manufacturing industry, which is expected to grow at the second-highest CAGR by 2026.

APAC is attributed to growing at the highest CAGR in AI in computer vision market during the forecast period (2021-2026)

APAC is expected to grow at the highest CAGR in the AI in computer vision market. Countries such China, Japan, and South Korea are expected to be the major contributors to the market in APAC. Increased manufacturing operations contribute mainly to the economic development in China, while the rising demand to incorporate Industry 4.0 and advanced manufacturing techniques for increasing automation across various applications in India is contributing to the tremendous growth of AI in computer vision in APAC. North America is expected to hold the largest share of ~40% of the global AI in computer vision market in 2021. The presence of prominent AI technology providers, such as IBM (US), Google (US), Microsoft (US), NVIDIA (US), Intel (US), and Facebook (US) is complementing the growth of the regional market. The growing concern about the security of critical infrastructure and sensitive data has increased government intervention in recent years and resulted in the adoption of AI in computer vision in security applications. Europe is likely to hold a share of ~29% of the AI in computer vision market in 2021. Germany and the UK are the major contributors to the AI in computer vision market in this region. The automotive industry in the UK is contributing to the growth of the AI in computer vision market.

Key Market Players

In 2020, the AI in computer vision market was dominated by NVIDIA (US), Intel Corp. (US), Microsoft Corp. (US), IBM Corp. (US) and Qualcomm (US).

Don’t miss out on business opportunities in AI in Computer Vision Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Tuesday, 29 June 2021

Ultraviolet Analyzer Market: Air quality monitoring application is expected to hold the largest share

 The report "Ultraviolet Analyzer Market by Treatment Type (Liquid, Gas), Device Type (Online, Field), Industry (Oil & Gas, Chemicals & Pharmaceuticals, Environmental, Food & Beverages), Application, and Geography - Global Forecast to 2024", is expected to grow from USD 1.0 billion by 2019 to USD 1.4 billion by 2024 at a CAGR of 6.4% from 2019 to 2024. A few key factors driving the growth of this market include the rise in demand for environmental protection, which is expected to upsurge the demand for ultraviolet analyzers for emission monitoring, and stringent environmental standards and regulations.

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Ultraviolet analyzer market for gas treatment to grow at highest CAGR during the forecast period

The demand for gas treatment is expected to grow at the highest CAGR during the forecast period. Ultraviolet analyzers for gas treatment are used widely for emission monitoring, air quality monitoring, and process control applications. Growing concerns toward environment monitoring boost the adoption of ultraviolet analyzers for gas treatment by end-users, such as municipalities, oil & gas industry, chemicals, and pharmaceuticals, and energy & power industries.

Air quality monitoring application is expected to hold the largest share of ultraviolet analyzer market during the forecast period

The growing concern about air pollution is creating a need for accurate analytical technologies to prevent further pollution of the atmosphere. The increasing need for environmental protection and stringent regulations on sulfur content in light oil and gasoline boost the adoption of ultraviolet analyzers which offer an extremely high degree of sensitivity and precision. Thus, the growing use of ultraviolet analyzers for air quality monitoring application is enhancing the growth prospects of the market.

North America to dominate the ultraviolet analyzer market during the forecast period

North America has been a significant contributor to the growth of the overall ultraviolet analyzer market as this region is the favorable economic conditions in the US and concerns pertaining to greenhouse gases, pollution, and environment have prompted process-driven sectors as well as manufacturing companies to deploy instruments for emission monitoring, and air quality monitoring at their plant locations. These factors are driving the growth of the ultraviolet analyzer market in this region.

The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are ABB Ltd. (Switzerland), AMETEK, Inc. (US), Emerson Electric Co. (US), Halma plc (UK), Horiba, Ltd (Japan), Teledyne Analytical Instruments Inc. (US), Thermo Fisher Scientific Inc. (US), Xylem Inc. (US), Agilent Technologies Inc. (US), and Hitachi High-Technologies Corporation (Japan).

Don’t miss out on business opportunities in Ultraviolet Analyzer Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Thermoelectric Modules Market: Single stage thermoelectric modules to account for larger share

 The report "Thermoelectric Modules Market with COVID-19 Impact Analysis, By Model (Single Stage, Multi Stage), Type (Bulk, Micro, Thin Film), Functionality (General Purpose, Deep Cooling), End-Use Application, and Region - Global Forecast to 2026", is projected to grow from USD 593 million in 2021 to USD 872 million by 2026; it is expected to grow at a CAGR of 8.0% during the forecast period. Owing to COVID-19, the thermoelectric modules market is estimated to face headwinds for 2020–2021. The growth of the thermoelectric modules market is driven by factors such as increasing demand for electric and luxury vehicles and the growing deployment of 5G connectivity. The new high-speed 5G telecommunication standard presents thermal challenges for critical components such as optical transceivers. Optical transceivers contain a laser diode that needs to be kept below 70°C to ensure no loss of data transmission wherein TEMs need to be deployed. Hence, with the increasing deployment of 5G equipment, there will be an increasing demand for TEMs in telecommunications. TEMs are expected to be used in future electric vehicles. TEMs are used in electric vehicles to stabilize the temperature of a car’s battery-operated system, especially for colder climates where battery efficiency can be reduced by up to 40%.

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Single stage thermoelectric modules to account for larger share of thermoelectric modules market in 2021

Single-stage thermoelectric modules account for a larger share of the thermoelectric modules market and the trend will remain the same during the forecast period. Single-stage thermoelectric modules are suitable for a wide range of cooling and heating applications with low to high heat pumping capacities (depending on the module specifications). The main advantage of a single-stage module is that it covers a vast array of consumer, commercial, and industrial needs as it is available in many shapes and sizes while offering different levels of heat pumping capabilities. It is also less complex to design and manufacture compared to multistage modules.

Bulk thermoelectric modules segment to dominate thermoelectric modules market during forecast period

Bulk thermoelectric modules accounted for the largest share of the thermoelectric modules market and the trend will remain the same during the forecast period. Bulk thermoelectric modules are suitable for a wide variety of applications and have no design constraints compared to micro or thin-film thermoelectric modules. These modules can be configured for different power draw and cooling capabilities based on their design. They are also less complex to design, and manufacture compared to smaller modules. Bulk thermoelectric modules are widely used to make related components such as thermoelectric generators (TEGs) and heat pumps. TEGs are used in power plants to convert waste heat into additional electrical power. They are prevalent in industrial processes and heating as TEGs have long service-free lifetimes compared to other conventional generators.

Consumer Electronics application to register highest share for thermoelectric modules market in 2021

Thermoelectric modules used in consumer electronics accounted for the largest share of the thermoelectric modules market and the trend will remain the same during the forecast period. Consumer electronics manufacturers must constantly innovate and improve designs to create smaller, thinner, lighter, and more reliable products that meet customer demands. Due to fast-changing consumer preferences, thermoelectric cooling solutions offer a competitive advantage by enabling OEMs to develop desirable products and bring them faster to the market. Beverage dispensers including coffee and juice/milk machines require a thermoelectric module that delivers efficient performance, low operating noise, and low maintenance requirements. Water purification systems are another application area, which requires thermoelectric coolers for both cooling and heating water. Thermoelectric solutions are also expected to be featured in consumer wearables in the future. Hence, consumer electronics holds the largest market for thermoelectric modules.

Market in APAC estimated to have largest share during forecast period

APAC has emerged as a global focal point for large investments and business expansion opportunities. The region represents the fastest-growing market worldwide for thermoelectric modules. The increased demand for waste heat recovery, consumer goods, industrial automation, and healthcare monitoring devices is expected to drive this market in the region. APAC has a large consumer electronics industry consisting of countries such as China, Japan, and South Korea, which is the largest manufacturer and end user of consumer devices. South Korea is an important country for manufacturing portable consumer devices while China is the largest exporter of consumer refrigeration devices. Hence, for consumer electronics, the market in APAC is expected to continue to grow as markets in North America and Europe continue to stagnate over time.

North America is the most adversely affected region by the pandemic. Hesitant consumer spending on refrigerator and freezer replacements will drive the demand down for thermoelectric modules for consumer electronics. A decrease in disposable personal income is driving consumer reluctance to replace old appliances as a result of lower spending power in the US and Canada. The North American automotive market witnessed a sharp decline in 2020, resulting in fewer vehicle sales despite the introduction of new vehicle models by major automobile manufacturers. Many existing and potential vehicle buyers in North America are deferring their purchases at present. The commercial aerospace market in North America has also been severely affected, particularly in the US. The purchase of civilian aircraft production in 2020 has declined to around half of that of 2019, which, in turn, has reduced the demand for thermoelectric modules in aerospace applications.

Major vendors in the thermoelectric modules market include Ferrotec (US), II-VI Incorporated (US), KELK (Japan), Laird Thermal Systems (US), Guangdong Fuxin Technology (China), TE Technology (US), Phononic (US), INHECO Industrial Heating & Cooling (Germany), TEC Microsystems (Germany), Crystal (Russia), Kryotherm (Russia), Z-Max (Japan), Kyocera Corporation (Japan), Align Sourcing (US), HiTECH Technologies (US), Hi-Z Technology (US), Merit Technology Group (China), KJLP ELECTRONICS (China), P&N Technology (China), Thermonamic Electronics (China), Hui Mao (China), Wellen Technology (China), and Xiamen HIcool Electronics (China).

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Optical network terminal (ONT) to lead the Global GPON Market

 

The report "GPON Market by Component (OLT, and ONT), Technology (2.5G PON, XG-PON, XGS-PON, and NG-PON2), Application (FTTH, Mobile Backhaul), Vertical (Transportation, Telecom, Healthcare, Energy & Utilities, MTU), Region - Global Forecast To 2025" size is estimated to grow from USD 6.3 billion in 2020 to USD 8.3 billion by 2025, at a CAGR of 5.8%. Major factors fueling the market growth include the high demand for GPON network for triple and quad-play services, increasing demand for high-speed broadband services, advancement in GPON technology, and trial & deployment of the 5G network.

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Optical network terminal (ONT) to lead the GPON market during the forecast period

Optical network terminal (ONT), also known as optical network units (ONU), is another important networking hardware installed at the user premise, which is used for the transmission of traffic through the GPON network. Its primary function is to convert optical signals transmitted via optical fiber to electrical signals, which are forwarded to business and residential users.

The GPON market is expected to be led by ONT components in terms of volume and value during the forecast period. This, coupled with the increasing number of users availing voice, video, and data services that need to be connected through the ONT hardware component, will lead to an increase in demand for the market.

“The GPON market for the mobile backhaul application expected to grow at the highest CAGR during the forecast period.”

Among the optical fiber technologies available for mobile backhaul, GPON networks are increasingly being deployed because of its capability to allow telecom operators to increase their bandwidth capacity and maintaining the quality of service and high reliability while lowering the operational cost. Additional benefits offered by the GPON network for mobile backhaul application includes the efficient topology, minimal hardware requirement, scalability, redundancy, and synergy using the existing fixed-line access. The increasing adoption of GPON networks for mobile backhauling makes the economies of GPON more attractive to network operators.

“Market in Rest of the World expected to grow at the highest CAGR during the forecast period.”

The rest of the world comprises South America, the Middle East, and Africa, which are the potential markets for GPON. Increasing subscription base of FTTH users in the South American countries is driving the growth of the GPON market in this region. Saudi Arabia, UAE, and Turkey are some of the prominent countries witnessing increasing demand for GPON in the Middle East region. Growing investments by telecom companies in Africa’s optical network has resulted in the growth of the GPON market.

The major companies involved in the development and supply of GPON include Huawei (China), Nokia (Finland), ZTE (China), Fiberhome (China), Calix (US), ADTRAN (US), DASAN Zhone (US), Cisco (US), NEC (Japan), Allied Telesis (Japan), Iskratel (Slovenia), Unizyx (Taiwan), and Alphion (US).

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High-Integrity Pressure Protection System (HIPPS) Market: Chemicals to grow at a higher CAGR

 The report "High-Integrity Pressure Protection System (HIPPS) Market by Component (Field Initiator, Logic Solver, Valve, Actuator), Service (Maintenance, Testing, Inspection, & Certification, Training & Consulting), Industry, and Region - Global Forecast to 2024", is estimated to reach USD 724 million by 2024 from USD 486 million in 2019, at a CAGR of 8.3%.

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Chemicals to grow at a higher CAGR from 2019 to 2024.

Safety and reliability are critical factors for the chemicals industry. For reliable and accurate workflow in this industry, the functional safety of plants is necessary. The chemicals industry involves inherent risks due to the presence of dangerous materials such as gases and chemicals. Every year, several workers are injured, affected, or killed because of the exposure to harmful chemical substances. These incidents cause human suffering, loss of production, and high medical costs. Chemical companies are increasingly implementing HIPPS to comply with stringent safety regulations and reduce gas flaring. Owing to this, the market for HIPPS in the chemicals industry is likely to grow at the highest CAGR during the forecast period.

“Valves to hold the largest size of HIPPS market during the forecast period.”

Currently, valves account for the largest HIPPS market share among all components, and a similar trend is likely to continue during the forecast period. Final control elements of HIPPS include valves and actuators that perform the process shut down operation in the case of overpressure conditions. Valves are used to control the plant pressure and discharge a certain amount of steam or gas without electric power. Valves actuate or stop the flow of any dangerous fluid or external hydrocarbons (gases) on detection of a hazardous event. Extensive application of valves in oil & gas and chemical plants is supporting the growth of the HIPPS market.

“Market for testing, inspection, and certification services to grow at fastest CAGR from 2019 to 2024”

Currently, the services market pertaining to HIPPS is gaining pace with an increasing adoption of safety instrumented systems (SIS) by manufacturing companies and growing demand for these systems, especially in oil & gas and chemicals industries. Maintenance is a critical factor in the overall life cycle of HIPPS. After the installation of HIPPS, end-users have to maintain the SIF and SIL level throughout the life cycle of HIPPS. Testing, inspection, and certification (TIC) services play a crucial role in the HIPPS market. HIPPS is inspected regularly for discontinuities, defects, or any other faults that might reduce its operational reliability, leading to failure.

“Oil & gas industry to hold the largest size of HIPPS market from 2019 to 2024”

Safety is the most critical concern in the oil & gas industry. Lack of proper safety systems in this industry may lead to production loss, stress on affected components and systems, and hazards during system restoration. With there is a rise in the level of emissions in the oil & gas industry from both onshore and offshore sites, there is an increase in pressure from regulatory bodies to cut down on the level of pollution. These factors have guided oil & gas companies to install HIPPS. HIPPS plays a vital role in reducing emissions by blocking the release of harmful gases in the environment. The demand for HIPPS in the oil & gas industry is expected to increase with the rise in offshore and shale-related exploration activities.

“North America to be the largest market for HIPPS during the forecast period”

North America is expected to dominate the global HIPPS market during the forecast period. North America is one of the most important markets for HIPPS. The region has stringent industrial safety standards, which drives the growth of the HIPPS market. Companies in this region adhere to various industrial safety standards, such as IEC 61508 and IEC 61511, to avoid fines and punitive disciplinary actions. North American agencies, including OSHA and ANSI, have also published industrial safety guidelines, which has resulted in the high adoption of HIPPS.

North America comprises the US and Canada, which are a major oil and gas producing countries. Further, many suppliers and manufacturers of safety systems have their facilities in this region. Additionally, increasing need for optimum utilization of resources, and growing requirement for improved safety across oil and gas plants are driving the market for HIPPS in this region.

Emerson Electric (US), Yokogawa Electric (Japan), Hima (Germany), Schneider Electric (France), General Electric (US), ABB (Switzerland), Rockwell Automation (US), Honeywell (US), Schlumberger (US), Siemens (Germany), and Mokveld Valves (Netherlands) are among the major players in the HIPPS market.

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Current Sensor Market expected to be worth $3.8 billion by 2026

 The report "Current Sensor Market with COVID-19 Impact Analysis by Loop Type (Closed Loop and Open Loop), Technology (Isolated and Non-Isolated Current Sensors), Output Type (Analog and Digital), End-User, and Geography - Global Forecast to 2026", The global current sensor market is expected to grow from USD 2.3 billion in 2021 to USD 3.8 billion by 2026; it is expected to grow at a CAGR of 10.8% during 2021–2026. Key factors fueling this markets growth include growing use of battery-powered systems and increasing focus on renewable energy, high adoption of Hall-effect current sensors, and increasing demand in consumer electronics industry. Deployment of IoT and IIoT with current sensors and increasing manufacturing of hybrid and electric cars create a strong demand for current sensor for efficient industrial operations in the midst of COVID-19.

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Isolated current sensor is expected to gain a significant share of current sensor market by 2026

The isolated current sensor is expected to account for the larger share of the current sensor market by 2026. The growth of the segment can be attributed to the increasing demand for magnetic current sensors worldwide due to their usability in a wide range of applications. Moreover, the isolation of current sensing circuitry is needed for technical and regulatory reasons in many applications, such as line-operated industrial and commercial motors, electric/hybrid electric vehicles (EVs/HEVs), solar arrays, home energy metering, and many other less-visible applications, where high voltages and currents are common.

Based on end user, consumer electronics to witness the highest CAGR in current sensor market during 2021–2026

The current sensor market for consumer electronics segment is expected to grow with the highest CAGR during the forecast period. The consumer electronics segment includes home appliances, smartwatches, tablets, smartphones, etc. Sensors play an important role in improving the performance of a range of consumer electronic devices and creating effective human–machine interfaces. As technologies used in consumer electronics are evolving, smart consumer electronics devices are being manufactured, thereby leading to an improved lifestyle of people. Current sensors are expected to witness high adoption in consumer electronic devices in the coming years.

Current sensor market in APAC to grow at the highest CAGR during the forecast period

The current sensor market in APAC is expected to grow at the highest CAGR during the forecast period attributed to the increased use of these sensors in the automotive, building automation, energy, and manufacturing industries. APAC is one of the important regions for the automotive industry due to increased passenger car manufacturing and sales in various countries such as China, Japan, and South Korea. The growing adoption of isolated current sensors for electric and hybrid vehicles in the automotive industry is driving the growth of the market for current sensors in APAC.

Key players in the market include Asahi Kasei Microdevices (AKM) (Japan), ACEINNA (US), Melexis (Belgium), Allegro MicroSystems (US), TDK Corporation (Japan), LEM International (Switzerland), Infineon Technologies (Germany), Tamura Corp. (Japan), Texas Instruments (US), and Honeywell (US). These players are increasingly undertaking product launches and developments, acquisitions, partnerships, and expansions, to increase their market shares.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Monday, 28 June 2021

Power Electronics Market: Automotive & Transportation vertical to grow at highest CAGR

 According to the new market research report on the "Power electronics Market with COVID-19 Impact Analysis by Device Type (Power Discrete, Power Module and Power ICs), Material (Silicon, Silicon Carbide and Gallium Carbide), Voltage (Low Voltage, Medium Voltage and High Voltage), Vertical (ICT, Consumer Electronics, Industrial, Automotive & Transportation, Aerospace & Defense), and Geography - Global Forecast to 2025", The global power electronics market size is expected to grow from USD 35.1 billion in 2020 to USD 44.2  billion by 2025, at a CAGR of 4.7%.

The increasing focus on the use of renewable power sources across the globe, growing adoption of power electronics in the manufacturing of electric vehicles, and increasing use of power electronics in consumer electronics are the major factors driving the growth of the power electronics market. Market is expected to be affected by the COVID-19 pandemic due to disruptions in supply chain, manufacturing & distribution across the value chain.

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The Automotive & Transportation vertical to grow at highest CAGR during the forecast period

The automotive vertical is expected to dominate this market in the coming years owing to the increasing focus on hybrid electric vehicles (HEVs) and EVs and increasing demand for cars and other passenger vehicles in developing regions. Also, increasing concerns regarding environmental pollution and sustainable growth have increased government support in several countries to boost the production of electric vehicles, supported by incentives. This is expected to develop and expand the charging infrastructure and provide opportunities for the market. China is one of the largest markets for electric vehicles, and it has scaled up the production by implementing new policies and subsidies aimed at automobiles, particularly new energy vehicles. In May 2020, the government announced the extension of NEV subsidies and tax policies by about 2 years, along with high capital investment for battery charging infrastructure by about USD 38 million. Such efforts are expected to boost the automobile market of the country and drive the market for power electronics.

Power ICs to hold the largest share of device types across the power electronics market

Power IC is used for the functioning of power management in various applications. Power IC is used in various devices, such as smartphones, tablets, smartwatches, TVs, and SSD, for power management applications. It combines multiple functions into a single device to reduce the component numbers and board space needed to easily and cost-effectively manage power in devices for the Internet of Things (IoT), consumer, medical, industrial, automotive, and many other applications. Increasing needs for power management in consumer devices to drive the growth of the market.

The market for SiC and GaN devices to grow at high CAGRs

Increasing interests of OEMs in adopting SiC devices for electric and hybrid vehicle manufacturing is expected to create growth opportunities for the power electronics market during the forecast period. They are also used in EV inverters, where they increase the efficiency of the system by up to 80% and help in reducing the global carbon footprint. SiC components exhibit increased reliability, greater efficiency, high operating temperature, reduced size, and high voltage capabilities, which make it the preferred material for various applications such as renewable energy generation mainly photovoltaics; electrified automobile systems including EV/HEV, trains, and buses; charging infrastructure; UPS; and motor drives

GaN offers similar performance as that of SiC but at a lower cost, as GaN devices can be fabricated on the silicon substrate, which is a cost-effective solution. GaN is used in applications such as PV, EV, UPS, wireless charging, and power supply. The rapid adoption of wireless chargers for consumer devices is expected to boost the growth of the gallium nitride-based semiconductor devices segment.

APAC is expected to grow at the highest CAGR during the forecast period

APAC has been the fastest-growing region in terms of consumption of power electronic products and solutions compared to other regions in the world, owing to the increasing adoption of power electronics in consumer, industrial and automotive applications across various countries such as China, Japan, India, and South Korea, among others. China is the world’s largest producer and end user of consumer electronics devices, including smartphones tablets and home appliances. The increasing need for power management in consumer devices fuels the demand for power electronics in the consumer electronics vertical. Other important verticals include industrial and automotive. Increasing industrial automation, adoption of robotics, and the urgent need for efficient use of power for various industrial applications is further driving the growth of the market for industrial vertical. Renewable energy generation is one of the key revenue pockets for the power electronics market in APAC. Governments in multiple countries of the region are motivating the shift towards renewable energy generation, mainly photovoltaics or solar, in the form of various offers and subsidies. Fast-track adoption of electric vehicles across the region is also a prime factor driving the power electronics market growth. Various countries in APAC have set targets to increase the adoption of electric vehicles to reduce pollution levels

Major players in the power electronics market are Infineon Technologies (Germany), ON Semiconductor (US), STMicroelectronics (Switzerland), Mitsubishi Electric (Japan), Vishay Intertechnology (US), Fuji Electric (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Texas Instruments (US), Toshiba (Japan), ABB (Switzerland), GaN Systems (Canada), Littelfuse (US), Maxim Integrated (US), Microchip (US), ROHM (Japan), SEMIKRON (Germany), Transphorm (US), UnitedSiC (US), and Wolfspeed, A Cree Company (US).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Radiation-Hardened Electronics Market: Space application segment accounted for the largest share

 According to MarketsandMarkets research "Radiation-Hardened Electronics Market with COVID-19 impact, by Component (Analog & Digital Mixed Signals, Memory & Processors, Controllers, Power Devices), Manufacturing Technique, Application, Product Type, and Geography) - Global Forecast to 2026", The market for radiation-hardened electronics was valued at USD 1.4 billion in 2020 and is estimated to reach USD 1.7 billion by 2026, registering a CAGR of 3.5% during the forecast period (2020–2026). The growing intelligence, surveillance, and reconnaissance (ISR) operations globally, the increase in number of space missions, and growing demand for rad-hard electronics in the commercial satellite industry are factors driving the growth of the rad-hard electronics market.

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The space application segment accounted for the largest share of the Radiation-Hardened Electronics Market

The space application segment is expected to grow at the highest rate in the radiation-hardened electronics market The space application segment accounted for the largest share of the rad-hard market due to the growing usage of rad-hard components in TV broadcasting, telephone satellites, nanosatellites & microsatellites, along with surging demand for earth observation satellites. Apart from this, The increasing number of space missions conducted globally is expected to drive the growth of the rad-hard market for space application during the forecast period. The demand from commercial industries for robust and reliable rad-hard electronic components in satellites is expected to create growth opportunities for the market in the near future. The market for the aerospace & defense application is valued second highest during the forecast period. Also, the implantable medical device application market is expected to exhibit the second highest CAGR during the COVID-19 pandemic.

Power Management, by Component type held the largest share in the global Radiation-Hardened Electronics Market in 2019

The power management has been a major segment in the radiation-hardened electronics market. The growth of the power management segment is primarily attributed to the increasing need for MOSFETs and diodes for high-end applications in the space and defense industries. The power management components, such as power switches and metal-oxide-semiconductor field-effect transistor (MOSFETs), accounted for a major share of ~40% of the global radiation-hardened electronics market in 2019. Power MOSFETs are used in high-reliability requirements and designed for the outer space requirements. These have excellent durability against high-energy-charged particles and ionizing radiation. Due to the ongoing COVID-19 pandemic, the growth of the power management segment is slightly impacted but is expected to grow at the highest rate during the forecast period among the other components.

Radiation Hardening by Design (RHBD) Manufacturing Technique is expected to grow at a higher CAGR during the forecast period

The radiation hardening by design (RHBD) segment is expected to grow at the highest rate in the radiation-hardened electronics market attributed to the low cost per chip, high volume of production, and ease of modification. The RHBD memories, microcontrollers, and ASICs are mostly used in the defense and space industries as well as nuclear power plants. The market for RHBD designs is accentuated during COVID-19 because RHBD allows easy modifications by various government programs depending on the intended applications. Though radiation hardening by process (RHBP) is an effective approach for the manufacturing of radiation-hardened electronics systems, its adoption rate among the microelectronics manufacturers is less mainly because of the low profits, process uncertainties, and the high cost of manufacturing.

North America accounted for the largest share of the global radiation-hardened electronics market.

The growth in North America is attributed to the large presence of leading companies such as Honeywell Aerospace & Defense (US), Microchip Technology (US), and Xilinx, Inc. (US) and renowned space research institutes such as the National Aeronautics and Space Administration (NASA), the Florida Space Research Institute (FSRI), and Keck Institute for Space Studies (KISS). Most of the rad-hard components (nearly 50%) are supplied by the US to several parts of the world, and despite the stagnant economic growth and DoD budget costs, the demand for radiation-hardened electronics products is expected to remain high owing to various space missions and military operations being conducted worldwide. On the other hand, Europe is also expected to represent promising opportunities for the rad-hard component manufacturers during the forecast period. The market in APAC is expected to register the highest CAGR in the rad-hard market. With cutting-edge manufacturing technological abilities and improving economic conditions in China, India, and Japan, the region is expected to witness high growth in the coming years.

Bae Systems (UK), STMicroelectronics (Switzerland), Microchip technology (US), Renesas Electronics (Japan), Honeywell Aerospace & Defense (US), and Infineon Technologies (Germany) are the key players in the global Radiation-Hardened Electronics Market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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630 Dundee Road
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