Semiconductor and Defense : Market Research

Thursday 27 January 2022

Heterodyne segment is estimated to be the dominating Laser Interferometer Market

According to a research report "Laser Interferometer Market with COVID-19 Impact Analysis by Interferometer Type (Michelson, Fabry-Perot, Fizeau, and Twyman-Green), Type, Application (Surface Topology, Engineering, and Science), End-User Industry, and Geography - Global Forecast to 2026" published by MarketsandMarkets, the global laser interferometer market size is expected to grow from USD 245 million in 2021 to USD 335 million by 2026, at a CAGR of 6.5%. Laser interferometers are usually used in ultraprecision machining and manufacturing, ultraprecision positioning control, as well as several non-contact optical sensing technologies. Laser interferometers are also extensively used in science and other industries for the measurement of small displacements, refractive index changes, and surface irregularities. Major factors driving the growth of the laser interferometer market are the growing demand for 3D metrology services, focus on quality control, and increasing expenditure on R&D activities. Quality control is an integral part of production processes, as it helps the process run flawlessly without incurring any extra cost. Under quality control and inspection, a laser interferometer is used for measurement, position control, dimensional analysis, and machine calibration, among other functions.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=83973072

As a result of the COVID-19 outbreak, businesses worldwide have been impacted by revenue losses and disrupted supply chains as factory shutdowns and quarantine measures have been implemented across the globe, restricting movement and business activities.

Surface topology segment is expected to hold the largest market share during the forecast period

Interferometry is a well-recognized technique for surface topology measurement. Interferometric measurements of a surface shape include relative measurement techniques, in which the shape of a known surface is compared with that of an unknown surface, and the difference is displayed as a series of interference fringes. Surfaces are an important tool to describe and analyze a multitude of phenomena related to the social, economic, natural, and technical sciences. Interferometry is a well-established technique for surface topography measurement. With the rapid development of interferometry technology, Phase Shifting Interferometry (PSI), has become one of the important methods in the modern measurement of optics surface shape. A laser interferometer probe is used to sense and characterize stress waves directly. It is useful in determining complex signals gathered from acoustic emissions due to cracking in metals or crazing of polymers.

Heterodyne segment is estimated to be the dominating market during the forecast period

The heterodyne segment is expected to capture the larger share (~56%) of the laser interferometer market throughout the forecast period and grow at the highest CAGR during the forecast period. A homodyne interferometer uses a single-frequency laser source, whereas a heterodyne interferometer uses a laser source with two close frequencies. Most commercial Fourier-Transform (FT) spectrometers today use Helium-Neon (HeNe) laser interferometers as position sensors. Heterodyne interferometers are mostly used in precision instruments for modern industrial and scientific applications, which is expected to propel the growth of the laser interferometer market. In heterodyne interferometers, only a single detector is required to measure both the displacement and the direction, which makes the alignment of an object easier.

The Asia Pacific is expected to grow at the highest rate

The APAC region is expected to witness the highest growth during the forecast period, owing to increasing use in applications, such as surface topology, metrology, inspection, and detection. APAC is a potential market for laser interferometers, owing to the increasing urbanization, increasing demand for automobiles, and rapidly growing electronics manufacturing industry in the region. The increasing adoption of advanced technologies for precise measurements in the manufacturing sector in APAC is expected to propel the growth of the laser interferometer market in the region. Many industrial products such as automotive parts and components, electronics devices, heavy machines, and electrical devices contain various mechanical parts, most of which have tight tolerances that need to be measured and calibrated before the parts are assembled into final products. This is expected to increase the demand for laser interferometers in the automotive, aerospace, and other industries. India, China, South Korea, and Japan are some of the major countries contributing to the growth and development of the laser interferometer market in APAC.

Major players in the Laser Interferometer market include Renishaw PLC (UK), Keysight Technologies (US), Carl Zeiss (Germany), SIOS Meßtechnik GmbH (Germany), AMETEK, Inc. (US), Mahr Inc. (Germany), TOSEI ENGINEERING CORP. (Japan), QED Technologies (US), MÖLLER-WEDEL OPTICAL GmbH (Germany), SmarAct GmbH (Germany), Luna Innovations Incorporated (US), 4D Technology Corporation (US), ÄPRE Instruments (US), Trioptics GmbH (Germany), AdlOptica Optical Systems GmbH (Germany), Logitech Limited (UK), Holmarc Opto-Mechatronics P Ltd (India), attocube systems AG (Germany), HighFinesse Laser and Electronics Systems GmbH (Germany), XONOX Technology GmbH (Germany), Thorlabs, Inc. (US), Automated Precision, Inc. (US), Lasertex Co. Ltd (Poland), and FUJIFILM Holdings Corporation (Japan) among others.

Don’t miss out on business opportunities in Laser Interferometer 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

Wireless networking technology to register the highest growth in the Geotechnical Instrumentation and Monitoring Market

According to a research report "Geotechnical Instrumentation and Monitoring Market with COVID-19 Impact Analysis by Offering, Networking Technology (Wired, Wireless), Structure (Bridges & Tunnels, Buildings & Utilities, Dams, Others), End User and Geography - Global Forecast to 2026" published by MarketsandMarkets, the global geotechnical instrumentation and monitoring market is expected to reach USD 5.1 billion by 2026 from USD 3.2 billion in 2021, at a CAGR of 9.6% during the 2021-2026 period.

Browse 204 market data Tables and 74 Figures spread through 246 Pages and in-depth TOC on "Geotechnical Instrumentation and Monitoring Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/geotechnical-instrumentation-monitoring-market-221101423.html

The rapid growth of the global geotechnical instrumentation and monitoring market is attributed to some of the driving factors such as rising infrastructure investments, increasing adoption of geotechnical instruments to prevent structural failures, government regulations for sustainable structures, and growing awareness about the benefits of instrumentation and monitoring tools.

Geotechnical instrumentation and monitoring services to hold the largest market share during the forecast period

The number of market players offering geotechnical instrumentation and monitoring services is more than the companies offering instruments and software. Different types of instruments needed for geotechnical monitoring include inclinometers, piezometers, extensometers, and sensors among others. The data collected from these instruments is provided to the software for analysis. These solutions help to identify structural damages at an early stage and enable a high degree of structural safety. Though the hardware and software solutions can be reused after purchase, many companies that purchase these solutions rent them to other companies, which is considered as a service, making the services segment accounting for a larger market share than the hardware & software segment.

Wireless networking technology to register the highest growth in the geotechnical instrumentation and monitoring market during the period 2021 and 2026

Technological advancements related to wireless technology have led to the development of products to which conventional instruments such as strain gauges, piezometers, inclinometers, linear voltage displacement transducers, and accelerometers can be attached for centralized data collection and analysis. The growing demand for wireless networking technologies for geotechnical instrumentation and monitoring is a major factor contributing to the high market growth for wireless networking technology. However, wired networking technology is expected to hold the largest share of the market owing to the large adoption of wired instruments for geotechnical monitoring.

Asia Pacific to register the highest growth in the geotechnical instrumentation and monitoring market during the forecast period

Asia Pacific is expected to register the highest growth in the geotechnical instrumentation and monitoring market during the forecast period. The major factors driving market growth include the increasing investments related to infrastructure and directives by governments for the compulsory use of geotechnical instrumentation and monitoring for various structures. The growing population in many Asia Pacific countries has led to rapid urbanization which has led to the commencement of several infrastructure projects, thereby, driving the market growth.

The report profiles key players such as Fugro (Netherlands), Keller Group (UK), Nova Metrix LLC (US), Geokon (US), Geocomp Corporation (US), Sisgeo S.r.l. (Italy), COWI A/S (Denmark), James Fisher and Sons (UK), Deep Excavation LLC (US), and RST Instruments (Canada).

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

About MarketsandMarkets™

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

Sensing function accounts for largest market share for Smart Textiles Market

According to the new market research report "Smart Textiles Market with COVID-19 impact analysis by Type (Passive, Active/Ultra-smart), Function (Sensing, Energy Harvesting & Thermo-electricity, Luminescence & Aesthetics), Vertical, & Geography - Global Forecast to 2026"",the smart textiles market is expected to grow from USD 2.3 billion in 2021 to USD 6.6 billion by 2026; it is expected to grow at a CAGR of 23.2% during the forecast period. The major driving factors for the growth of the smart textiles market include implementation of advanced technologies in smart textiles, miniaturization of electronic components, and expanding wearable industry among others.

Browse 118 market data Tables and 55 Figures spread through 177 Pages and in-depth TOC on "Smart Textiles Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/smart-textiles-market-13764132.html

The sudden outbreak of the COVID-19 pandemic has impacted the demand for smart textiles, especially in 2020 and 2021. The pandemic has forced companies to adopt remote working practices. The imposition of lockdown in almost all the major countries to curb the spread of COVID-19 has disrupted the supply chain and halted manufacturing activities, resulting in delayed production. However, as a large share of the global population is working from home and preferring to perform fitness activities indoors attributed to social distancing guidelines, the demand for sports and fitness apparel/accessories integrated with smart applications and sensors that can monitor heart rate and oxygen level has increased, which is expected to boost the growth of the smart textiles market. Besides, hospitals in some countries, e.g., the US, are using smart textiles in various forms, such as heated blankets and socks, during the pandemic crisis.

Passive smart textile to have a significant market in military and protection vertical during the forecast period

Passive smart textiles are the first generation of smart textiles, which can only sense environmental conditions or stimuli but cannot adjust according to external changes. Optical fiber-embedded fabrics and conductive fabrics are the types of passive smart textiles. UV protective clothing, antibacterial fabric textiles, multilayer composite fibers and textiles, plasma-treated fabrics, ceramic-coated fabrics, conductive fibers, and fabrics with optical sensors are some of the examples of passive smart textiles. They are majorly used in the military and protection vertical due to their ruggedness. DuPont (US), which provides fibers, industrial fabrics, and covers used in the medical, military, and aerospace verticals, and Outlast Technologies (US), which provides acrylic, viscose, and polyester fabrics used in bedding, apparel, and footwear applications, are some of the major companies offering passive smart textiles.

Sensing function accounts for largest market share for smart textiles market during the forecast period

Smart textiles are materials that sense and react to environmental conditions or stimuli, which is generated through mechanical, thermal, chemical, electrical, magnetic, or any other sources. They can sense body heat, heart rate, respiration rate, and motion & speed through various sensors. Apparels such as gloves, shirts, and pants made using smart textiles can sense different health parameters of a wearer. Advanced smart fabric sensors virtually track every psychological aspect, including bending, location, movement, and pressure. Thus, sensing is one of the major functions for which smart textiles are being used.

Sports and fitness vertical to have highest CAGR during the forecast period.

The sports and fitness segment is expected to register the highest CAGR during the forecast period. One of the key factors driving the growth of this segment is the growing awareness regarding health and fitness among the general population. Besides, the growing prevalence of heart-related diseases and diabetes is consequently expected to drive the growth of the smart textiles market for the sports and fitness vertical.

North America accounts for the largest share of the smart textiles market during the forecast period

North America accounted for the largest share of the smart textiles market due to several factors. One of the most important factors is technological innovations and advancements, which led to the introduction of new products. The increasing demand for smart textiles from the consumer electronics and medical industries has led to the growth of the smart textiles market in North America.

The report profiles key players in the smart textiles market and analyzes their market shares. Players profiled in this report are DuPont (US), Alphabet (US), Jabil (US), AIQ Smart Clothing (Taiwan), Sensoria (US), Gentherm (US), Interactive Wear (Germany), Outlast Technologies (US), Adidas (Germany), Hexoskin (Canada), TenCate (Netherlands), Clim8 (France), Nike (US), Sensing Tex (Spain), Thermosoft International (US), Milliken & Company (US), Applycon (US), Peratech (UK), CHARNAUD (South Africa), Footfalls & Heartbeats (UK), Volt Smart Yarns (US), Samsung(South Korea), Ambiotex (Germany), Microsoft (US) and LifeSense Group (Netherlands).

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

About MarketsandMarkets™

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

Use of IIoT and Industry 4.0 in industrial valves creating opportunities in Industrial Valves Market

According to a research report "Industrial Valves Market with COVID-19 Impact Analysis by Function (On-off/Isolation, Control), Material, Type, Component, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment) and Region - Global Forecast to 2026" published by MarketsandMarkets, the global industrial valves market size was valued at USD 73.0 billion in 2021 and is projected to reach USD 90.5 billion by 2026. It is expected to grow at a CAGR of 4.4% during the forecast period. Increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic, surging requirement of establishing new nuclear power plants and revamping existing ones, rising need for connected networks to maintain and monitor industrial equipment, rising adoption of automation technologies in process industries, and growing focus on development of smart cities globally are the key driving factors for the industrial valves market.

Opportunity: Use of IIoT and Industry 4.0 in industrial valves

Valves are critical components of various industrial equipment. The failure of valves could lead to disruptions in plant processes. Traditional, schedule-based maintenance methods fail to alert manufacturing companies about impending valve failures. Due to this, technicians often inform about faults while inspecting valves, which, in turn, results in unplanned downtime that could have been avoided by the implementation of Industrial Internet of Things (IIoT). However, recent developments in data science, communications, and computing power have enabled companies to leverage IIoT technology for reducing unplanned downtime due to valve failures. IIoT enables valve experts to monitor the health of valves in a plant remotely and track the efficiency, life cycle, and potential chances of failure of these valves, thus ensuring better valve performance and a secure work environment. Valves equipped with sensors and connected through IIoT can help industry players reduce maintenance and shutdown costs.

Challenge: Rise in collaborations among industry players.

The industrial valves market is highly fragmented. Mergers and acquisitions are expected to help manufacturers enhance their product portfolios and acquire a larger market share. Due to declining oil prices, the oil & gas industry is focusing on the implementation of efficient processes. To fulfill this requirements, big market players are acquiring small companies having innovative solutions to ensure sustainable growth and profitability. For instance, in January 2021, DeZURIK, Inc. announced the acquisition of Red Valve. Similarly, in 2018, Emerson acquired Advanced Engineering Valves (Belgium), a leading manufacturer of innovative smart valves that help LNG customers operate more efficiently. In 2019, Emerson acquired the Spence and Nicholson product lines from CIRCOR International to expand its portfolio of steam system solutions for process industries and commercial buildings.In the same year, IMI plc acquired PBM, a manufacturer of ball valves and specialty valves for sanitary and industrial applications. All these acquisitions would result in increased competition in the industrial valves market.

“Oil & gas accounted for the largest share of the industrial valves market in 2020”

The oil & gas industry accounted for the largest share of the industrial valves market in 2020 owing to the growing transportation sector, increasing energy demand, and rising drilling activities in the Gulf Cooperation Council (GCC) countries. However, at present, the world is recovering from an economic crisis due to the outbreak of the COVID-19 pandemic. Post COVID-19, the increasing demand for maintenance operations in oil & gas sector would create lucrative opportunities for companies. Furthermore, as most of the existing oil and gas refineries are aging, the requirements for maintenance operations would create more opportunities for maintenance services providers in oil & gas industries, thereby boosting the demand for valves.

“Asia Pacific to account for the largest share of the industrial valves market”

Asia Pacific accounted for the largest share of the overall industrial valves market in 2020. The industrial valves market in APAC for the water & wastewater treatment industry is growing at a significant rate; a similar trend is likely to be observed in the coming years. The dense population and high per capita income in this region, along with large-scale industrialization and rapid urbanization, are the major factors fueling the growth of the industrial valves market in the region. The region consists of a few fast-growing economies, such as China, India, and Southeast Asian countries. Owing to the increasing urban population in the region, there is a high demand for new and improved wastewater treatment systems. The increasing need for proper utilization of water and the growing demand for advanced water and wastewater treatment techniques are creating a demand for industrial valves in APAC countries.

A few of the key players in the industrial valves market are Emerson Electric Co. (US), Schlumberger (US), Flowserve Corporation (US), IMI plc (US), Neles Corporation (Finland), Spirax Sarco Limited (UK),Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (US), Bray international (US) , and CIRCOR International, Inc. (US).

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

About MarketsandMarkets™

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

Tuesday 25 January 2022

Above 6 GHz to witness fastest growth in 5G Infrastructure Market in coming years

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.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202955795

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™

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

Automotive industry to hold largest share of Smart Manufacturing Market by 2027

The report "Smart Manufacturing Market with COVID-19 Impact by Information Technology, Enabling Technology, Industry (Process and Discrete) and Geography (North America, Europe, Asia Pacific, Rest of World) - Global Forecast to 2027"According to the new research report, the global smart manufacturing market was valued at USD 88.7 billion in 2021 and is projected to reach USD 228.2 billion by 2027; it is expected to grow at a CAGR of 18.5% from 2022 to 2027. The major drivers of the smart manufacturing market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, growing emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost.

Request Report Sample@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=105448439

Market for digital twins expected to grow at the fastest rate during the forecast period

The smart manufacturing market by enabling technologies for digital twins is expected to grow at a CAGR of 68.9% from 2022 to 2027, reaching USD 43.6 billion by 2027, from USD 2.1 billion in 2021. Digital twins are being increasingly used as a means of connecting information about a physical product and its behavior in the real world with a 3D digital representation, which is commonly employed during engineering and other areas of business. For instance, Dassault Systems (France) introduced the virtual twin concept that enables design and engineering teams to visualize and analyze products or systems virtually and provide insights similar to physical behaviors, including stress and vibration, as well as behaviors associated with software and control systems.

Automotive industry to hold largest share of Smart manufacturing market in 2027

The automotive industry dominates the smart manufacturing market with the highest market share and is expected to grow at the rate of 29.1% during the forecast period owing to changing consumer preferences and the inefficiency of traditional processes. Changing consumer preferences, technological advancements, and the introduction of regulations associated with the automotive industry are responsible for the high complexity of automobile products. Automobiles are extremely complex and technologically sophisticated products. Manufacturing them requires advanced technological methods and processes. Technological innovations such as electric- and gas-powered vehicles lead to infrastructural changes in the automotive industry; also, the latest machines and equipment replace the need for human operators for most of the crucial processes in the automotive industry, resulting in the adoption of smart manufacturing technologies.

Smart manufacturing market in APAC to grow at the highest CAGR

The major factors driving the growth of the smart manufacturing market in APAC are the rising demand for smart tools due to increasing automation in industries; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing need to optimize productivity and reduce operational and maintenance costs. Government support in various APAC countries to drive industrialization is one of the important factors that will boost the demand for smart manufacturing in the coming years. Various initiatives have been taken by the governments in the region. For instance, China’s “Made in China 2025,” Japan’s “Industrial Value Chain Initiative (IVI),” South Korea’s “The Manufacturing Innovation Strategy 3.0 (Strategy 3.0),” and India’s “Samarth Udyog Bharat 4.0,” are likely to play major roles in industrial advancement and consequently create growth opportunities for the smart manufacturing market.

Major companies offering smart manufacturing technologies include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (US).

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

About MarketsandMarkets™

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

Delivery Robots Market: North America expected to hold the largest market share during the forecast period

The report "Delivery Robots Market with COVID-19 Impact by Load Carrying Capacity (Up to 10 kg, More than 50 kg), Components, Number of Wheels, End-User Industry (Food & Beverages, Retail, Postal), and Geography - Global Forecast to 2026", is expected to grow from USD 212 million in 2021 to USD 957 million by 2026; it is expected to grow at a CAGR of 35.1% during 2021–2026. Reduction in delivery costs in last-mile deliveries, and Increase in venture funding are the key factors driving the growth of the delivery robots market. Further, Worldwide growth of e-commerce market are factors propelling the growth of the delivery robots market.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263997316

“4-wheeled delivery robot segment is estimated to register the largest market share during the forecast period”

The delivery robots market for 4-wheeled delivery robots accounted for the largest market share in terms of value in 2020. Companies offer four-wheeled robots for delivering groceries, food orders, flowers, packages, and boxes among other things. Reducing the distance between the front and rear set of wheels will result in better zero-radius turning in any desired direction with 4-wheeled robots. Hence, 4-wheeled delivery robots accounted for the largest market share.

“The market for the retail industry to hold the largest share of the delivery robots market in 2021.”

The retail industry held the largest share of the delivery robots market in 2021. The increasing use of the internet provides an impetus to online shopping. The ever-increasing trend of online shopping is expected to escalate the demand for delivery robots for the e-commerce application in the retail industry in the next few years. Once the rules and regulations for operating delivery robots are defined worldwide, these robots would also be adopted for cargo deliveries, which is also an important factor that is likely to fuel the growth of the market.

North America expected to hold the largest market share during the forecast period

North America has been home to many delivery robot manufacturing companies such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.

Starship Technologies (US), JD.com (China), Panasonic System Solutions Asia Pacific (Singapore), Savioke (US), Nuro (US), Amazon Robotics (US), Robby Technologies (US), Boston Dynamics (US), Robomart (US), and Eliport (Spain) are the key players in the market.

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

About MarketsandMarkets™

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