Motor Monitoring Market expected to be worth $2.3 billion by 2023

According to the new research report "Motor Monitoring Market by Offering (Hardware, Software), Monitoring Process (Online, Portable), Deployment, Industry (Oil & Gas, Power Generation, Metals & Mining, Water & Wastewater, Automotive), and Region - Global Forecast to 2023", The motor monitoring market is expected to grow from USD 1.6 billion in 2018 to USD 2.3 billion by 2023, at a CAGR of 7.4% during the forecast period. Major factors driving the market growth are the growing prominence of predictive maintenance and increasing need to minimize revenue loss caused by motor faults.

Browse 64 market data Tables and 17 Figures spread through 120 Pages and in-depth TOC on "Motor Monitoring Market - Global Forecast to 2023"

Software offerings to witness higher CAGR in global motor monitoring market during forecast period

The motor monitoring market has been segmented on the basis of offering into hardware and software. The use of software offerings to collect data from hardware monitoring and generate a database to analyze the working of motors is likely to grow during the forecast period. These software are used for data analytics to deduce faults or errors in motors in a manufacturing plant; however, skilled workforce is required to successfully run preventive or predictive maintenance through motor condition monitoring solutions.

Oil & gas to continue to hold largest share in global motor monitoring market during forecast period

The oil & gas industry held the largest share of the motor monitoring market in 2018, and it is expected to be the leading segment over the forecast period. Oil & gas companies have been emphasizing on increasing productivity and lowering operating costs in response to the pressure built by the fluctuating oil prices in the global market. Hence, these industries are likely to adopt monitoring solutions and related services to maintain the efficient working of their critical assets and reduce downtime.

APAC to hold largest share of motor monitoring market by 2023

APAC is expected to overtake North America to hold the largest share of the motor monitoring market by 2023. The region has a huge industrial sector with the presence of several manufacturing units of big companies. APAC has become a global focal point for large investments and business expansion opportunities. Many countries in this region also has supportive governments that implement several initiatives and policies to support the local manufacturing industry. China, Japan, South Korea, and India are some of the prolific countries in APAC with a considerable presence of manufacturing industries; therefore, there is a continuous demand for motor monitoring systems in APAC.

Key players in the motor monitoring ecosystem are Banner Engineering (US), ABB (Switzerland), National Instruments (US), SKF (Sweden), Siemens (Germany), Honeywell (US), General Electric (US), Emerson Electric (US), Rockwell Automation (US), Qualitrol (US), Schneider Electric (France), Mitsubishi Electric (Japan), Advantech (Taiwan), Eaton (Ireland), WEG (Brazil), Dynapar (US), KCF Technologies (US), Phoenix Contact (Germany), T.F. Hudgins (US), and Koncar (Croatia).

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Smart Lock Market estimated to be $2.67 billion by 2023

According to the new research report "Smart Lock Market by Lock Type (Deadbolts, Lever Handles, Padlocks), Communication Protocol (Bluetooth, Wi-Fi), Vertical (Residential, Commercial, Institution and Government, Industrial) and Geography - Global Forecast to 2023", The smart lock market is expected to grow from USD 1.28 billion in 2017 to USD 2.67 billion by 2023, at a compound annual growth rate (CAGR) of 13.11%.  Rising adoption of smartphones and other connected devices acts as a driver for the growth of the market. Moreover, growing security and safety concerns and enhanced features compared with traditional lock systems also drive the growth of this market.

Browse 62 market data Tables and 39 Figures spread through 122 Pages and in-depth TOC on "Smart Lock Market - Global Forecast to 2023"

Smart lock market for Wi-Fi is expected to grow with highest CAGR of during forecast period

Wi-Fi can be accessed through various devices, such as smartphones, personal computers, and tablets. The growth of the market for Wi-Fi can be attributed to the factors such as high speed and wireless connectivity offered to smart lock system. Also, the increasing adoption of IoT, globally, is driving the growth of this market.

Residential vertical held the largest share of the smart lock market in 2016

Smart locks are used in the residential applications to prevent invasion, unauthorized access, theft, and burglary.  The increasing adoption of Internet-based home security solutions, rising demand for smart homes, and growing urbanization contribute to the growth of the market for this vertical.

Smart lock market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period.

APAC is expected to witness increased adoption of security systems as the countries in this region are the emerging economies with a growing number of manufacturing bases and increasing demand for connected security devices. Further, a huge population base, large number of research and development (R&D) activities, and increasing urbanization in APAC drive the adoption of smart locks in this region.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Flow Battery: The market for large scale flow battery likely to grow at a higher CAGR during the forecast period

The flow battery market was valued at USD 187.7 Million in 2017 and is expected to reach of USD 946.3 million by 2023 at a CAGR of 32.7% during the forecast period. The base year used for this study is 2017 and the forecast period considered is between 2018 and 2023.

The objectives of the study are as follows:

• To define, describe, segment and forecast the flow battery market, in terms of value, segmented on the basis of type, material, storage, application, and geography
• To forecast the market size for various segments, in terms of value, with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To provide detailed information regarding the major factors influencing the growth of the flow battery market (drivers, restraints, opportunities, and challenges)
• To analyze the micromarkets with respect to the individual growth trends, prospects, and contribution to the total market
• To provide a detailed overview of the value chain in the flow battery market
• To analyze the opportunities in the flow battery market for various stakeholders by identifying the high-growth segments of the market
• To strategically profile the key players in the market and comprehensively analyze their market position in terms of the ranking and core competencies, along with detailing the competitive landscape for market leaders
• To analyze the strategic developments such as product launches and developments, agreements, contracts, collaborations, expansions, and partnerships carried out in the market

The research methodology used to estimate and forecast the flow battery market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as Department of Energy (DOE), Energy Storage Journals and Magazines, Factiva, Hoovers, and OneSource. Moreover, the vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the flow battery market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with the officials holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The market for large scale flow battery likely to grow at a higher CAGR during the forecast period

Based on storage, the market for large-scale flow batteries is expected to witness the highest growth rate during the forecast period. Currently, a majority of verticals—such as utilities, industrial, commercial, and military across the world use large-scale flow battery to efficiently produce and store energy. Large-scale flow battery has been in the market for quite some years. Also, at present, large-scale flow batteries are commonly used in various projects and for several applications worldwide.

North America expected to hold the largest size of the flow battery market during the forecast period

North America held the largest size of the flow battery market in 2017, followed by APAC and Europe. The high number of flow battery installations in the region, mainly in the US and Canada, attributes to the dominating position of the region in the flow battery market. In addition, favorable economic conditions in the US and the increase in the importance of battery energy storage, as well as supportive regulatory policies aiding energy storage in the US and other countries in the region are encouraging many domestic and international manufacturers to deploy flow battery for efficient energy supply. Flow battery market in APAC is expected to grow at the highest rate during the forecast period.

ESS Inc. (US), GILDEMEISTER energy solutions (Austria), Primus Power (US), RedFlow (Australia), redT Energy (UK), SCHMID (Germany), Sumitomo Electric. (Japan), UniEnergy Technologies (US), ViZn Energy (US), and EnSync Energy Systems (US) are the major players operating in this market.

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 5000 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, "RT" 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

RF Power Semiconductor Market: APAC to Emerge as the Fastest-Growing

The RF power semiconductor devices are used in application areas such as aerospace, automotive, military, medical, energy, consumer, telecommunication and data communication, and so on. In the last few years, new improved materials such as gallium nitride (GaN) are increasingly being used in RF power semiconductor devices.

The RF power semiconductor market is estimated to grow from USD 10.57 Billion in 2015 to USD 31.26 Billion by 2022, at a CAGR of 15.4% between 2016 and 2022. The base year considered for the study is 2015 and the market size forecast is given for the period between 2016 and 2022. The objectives of the report include defining, describing, and forecasting the global radio frequency (RF) power semiconductor market on the basis of RF power product, material, frequency, application, and geography. The objective of the report also includes the necessity to provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).

The scope of this report covers the RF power semiconductor market on the basis of products, frequencies, materials, applications, and geography. The market is further segmented on the basis of geography into various countries. The consumer application is expected to hold the largest market share during the forecast period. The market for the aerospace & defense application is expected to grow at the highest rate during the forecast period owing to the increasing demand for RF power semiconductor devices in avionics and radar systems.

The RF power amplifiers held the largest share of the RF power semiconductor market in 2015. The RF power amplifiers have applications in sectors such as aerospace & defense, automotive, medical, telecommunication and data communication, consumer, and others. The other devices such as RF duplexers and RF switches are also expected to witness high growth in the RF power semiconductor market.

The RF power semiconductor market for the frequency band 10 GHz to 20 GHz is expected to hold the largest market size during the forecast period. Satellite communication is the major application for this range in the RF semiconductor market. This band is also used for fixed and broadcast services and for specific applications by the National Aeronautics and Space Administration (NASA) (U.S.). Furthermore, it is used for backhauls and for satellites from remote locations for editing and broadcasting to a TV network studio.

The RF power semiconductor market on the basis of materials was dominated by gallium arsenide. Gallium arsenide material has higher electron mobility than silicon. It is used on a large scale for monolithic microwave integrated circuit (MMIC) applications. The market for gallium nitride is expected to grow at the highest CAGR in the RF power semiconductor market.

The APAC region is expected to witness huge growth opportunities for the companies operating worldwide and it is the leading region in terms of market size in the worldwide RF power semiconductor market. The established electronics industry in the APAC region is the major driving factor for its growth in the global RF power semiconductor market. Furthermore, the low manufacturing and developing costs in APAC countries such as Taiwan, Malaysia, and China also propel the growth of the RF power semiconductor market in the region.

However, the RF power semiconductor market is a highly fragmented market, which reduces the price margin of the RF device suppliers. The increase in the cost of RF devices with performance improvement is another restraint for this market. The key players in the RF power semiconductor market include Infineon Technologies AG (Germany), M/A-COM Technology Solutions Holdings, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Qorvo, Inc. (U.S.), Broadcom Limited (U.S.), Toshiba Corporation (Japan), Qualcomm Inc. (U.S.), Skyworks Solutions, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), and Murata Manufacturing (Japan). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansion to cater to the needs of the RF power semiconductor market.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Silicon Anode Battery Market major players and their key insights

The silicon anode battery market is expected to grow from USD 96.5 Million in 2015 to USD 1,018.3 Million by 2022 at a CAGR of 43.4% from 2016 to 2022. Silicon anode has theoretical capacity of more than 10 times that of graphite anode. The silicon anode battery, being compact, flexible, safe, and cost-effective, makes the devices weigh lighter while increasing its efficiency and facilitating advancements in products. This makes them favorable for use in a wide range of applications. The demand for silicon anode battery is increasing on the basis of types in various industries. To fulfill the demand, companies manufacturing batteries are focusing on partnerships and R&D activities in this market.

Some of the key players in the global silicon anode battery market are Amprius, Inc. (U.S.), Panasonic Corp (Japan), Samsung SDI (South Korea), LG Chem (South Korea), Nexeon Limited (U.K.), Los Angeles Cleantech Incubator (U.S.), Nanotek Instruments, Inc. (U.S.), Enevate Corporation (U.S.), Zeptor Corporation (U.S.), XG Sciences (U.S.) and California Lithium Battery Inc. (U.S.).

Amprius Inc. is a well-known silicon anode battery technology manufacturing company. Over the years, Amprius raised funds through various investors such as Trident Capital, Vantage Point Capital Partners (U.S.), Google Inc. (U.S.), IPV Capital (China), SAIF Partners (Hongkong), and Wuxi IDG (China) among others to boost its next-generation silicon anode battery production. The company is working towards introducing new technologies in the market to fulfil the future needs of its customers. Moreover, to commercialize its batteries for electric vehicle, the company entered into a strategic partnership with Meyer Burger (Netherlands). Amprius is planning to expand its product portfolio by introducing new silicon anode batteries for electric vehicles and gain a stronger position in the market.

Samsung SDI (South Korea) is the second-largest company in the silicon anode battery market. The company is one of the leading manufacturers of silicon anode lithium ion battery in the world. The company seeks to expand its market presence and build a brighter future through technological development for new businesses. The company’s strong R&D capabilities enable it to improve the performance of existing materials and develop new and innovative products. In addition, through strategic investments, the company strives for opportunities in the emerging markets. For instance, Samsung SDI Co. Ltd., a global leader in energy solutions and electronic materials, acquired the battery pack business of Magna International (Austria), a leading global automotive supplier.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Network Monitoring Market Global Growth Opportunities

The overall network monitoring market is expected to reach from USD 1.67 billion in 2017 to USD 2.93 billion by 2023, at a CAGR of 9.9% during the forecast period. The base year considered for the study is 2017, and the market size forecast is given for the period from 2018 to 2023.

Demand for continuous monitoring due to rise in network complexities and security concerns to drive network monitoring market to reach USD 2.93 billion by 2023

 

The increasing number of enterprises with strict reliability requirements drives the need for network performance monitoring equipment. Network architecture is growing in complexity and application delivery is becoming more time-sensitive. This demands the need for highly reliable, scalable network monitoring equipment. The need for robust network monitoring capabilities to ensure smooth operations of mission-critical network infrastructure and the need to quickly resolve downtime issues drive the growth of the network monitoring equipment market. 

Network monitoring helps to minimize the company’s downtime, and thus reduces costs. It is also essential to increase the overall productivity of the network. The network equipment provider companies are trying to create a fully redundant network from end to end; however, in many cases, this is not possible. This may be because of the limitations in the architecture, lack of physical redundancy, or budgets that restrict a fully redundant approach.

Today’s information-driven organizations face the fundamental challenge of balancing the high availability of business-critical information and maintaining its integrity and security. Continuous monitoring is the process of constantly and persistently monitoring technological assets, vulnerabilities, configurations, and more importantly, the current network events to discover new assets that may be vulnerable, as well as detect anomalies or other suspicious activities.

Solution & services to hold largest share of network monitoring market from 2018 to 2023

Increasing network complexity, converging technologies, and growing implementation of virtualization are expected to transform network management technologies, tools, and practices. Virtual networking installed as part of server virtualization will progressively influence network monitoring.

Monitoring equipment with 1 & 10 Gbps bandwidth to hold largest share of network monitoring market from 2018 to 2023

Monitoring equipment with 1 and 10 Gbps bandwidth is widely adopted across various end users, such as enterprises, telecom, government organizations, and service providers. Currently, network monitoring equipment with higher bandwidths is gaining traction in the market. As a result, the prices for monitoring equipment with 1 and 10 Gbps bandwidth have been declining, which, in turn, drive the adoption of these type of equipment for optimum network development. 

Ethernet held largest share of network monitoring market in 2018

Ethernet held the largest share of the said market in 2018. The expansion of data centers and an increase in the adoption of virtualization technology boost the demand for network monitoring equipment with higher bandwidths. Ethernet-based networks deliver more agile and low-latency solutions with increased scalability. The migration from low bandwidth to high bandwidth with Ethernet technology is not only cost-effective but is also possible without any disruption. Thus, it is widely adopted by several industries for data transfer, which, in turn, drives the growth of Ethernet-based networking equipment. 

Enterprise to hold largest share of network monitoring market from 2018 to 2023

High technological developments across various enterprises have generated large volumes of data. The complexities within IT infrastructure encourage enterprises to adopt virtualization technology, thereby driving the growth of network monitoring in enterprises. Also, factors such as increasing employee mobility, growing adoption of strategies such as “bring your own device,” and rising utilization of advanced Big Data solutions for operational data explosion impact the future requirements for network monitoring. These include high performance, low latency, and secure switching solutions. Enterprises include banking and finance, healthcare, retail and ecommerce, and media and entertainment organizations. 

North America to hold largest share of network monitoring market in from 2018 to 2023

The market in the US is expected to experience greater traction as a significant number of organizations are likely to opt for cloud services to save their upfront cost of building new data centers for business continuity. Also, the US is home to global cloud service providers as well as for companies such as Amazon Web Services (AWS) and Microsoft (US), which provide data center infrastructure. Moreover, the leading companies in the network monitoring market account more than half of the revenue and are based in the US. 

Gigamon (US), NetScout Systems, (NetScout) (US), Ixia (US), VIAVI Solutions (Viavi) (US), APCON (US), and Garland Technology (US) are among the leading companies in the network monitoring market. Also, a few major companies, namely, Broadcom (Broadcom) (US), Juniper Networks (US), Big Switch Networks (US), Zenoss (US), Network Critical (UK), Corvil (Ireland), CALIENT Technologies (CALIENT) (US), Netgear (US), and Motadata (US) have also been profiled in the report.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Industrial Valve Market in North America, By Country and Industry, 2023

The industrial valve market is likely to witness rapid growth in the coming years due to the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make the energy sector more resilient. The industrial valve market was valued at USD 67.49 billion in 2017 and is expected reach USD 85.19 billion by 2023, at a CAGR of 3.96% during the forecast period.

Emerson (US), Cameron – Schlumberger (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among a few major players in the industrial valve market.

Among all applications, the oil & gas industry is expected to account for the largest size of the industrial valve market during the forecast period. Recent uptrend in the oil & gas industry has boosted the demand for and increased the production of oil and gas in the Middle East and North America. Growing production of oil sands and shale gas fuels the demand for industrial valves in North America, and the increased investments in natural gas exploration and refineries are likely to boost the demand for these valves during the forecast period. Additionally, technological advancements and the adoption of more innovative valves for oil and gas transportation are the major factors that are likely to have a positive impact on the industrial valve market growth.

Report Objectives:

The base year considered for the study is 2017, and the forecast period is from 2018 to 2023. The objective of the report is to provide a detailed analysis of the industrial valve market by material, valve type, valve size, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the industrial valve market.

Methodology

The research methodology used to estimate and forecast the industrial valve market begins with obtaining data through secondary research such as corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; journals and certified publications related to drone sensors; articles from recognized authors; gold and silver standard websites; directories; and databases. Key offerings of industrial valve providers have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the industrial valve market from the revenues of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which then has been verified through primary research by conducting extensive interviews with officials holding key positions in the industry, such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Lithium Ion Battery Market in APAC, By Type and Country, 2024

the overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 92.2 billion by 2024, at a CAGR of 16.2%. Factors such as increasing demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for various industrial applications are driving the growth of the lithium ion battery market.

“APAC is expected to account for the largest market share during the forecast period”

The market mainly comprises China and India, which have a huge potential for many application areas within the lithium ion battery market. China being a global automotive manufacturing hub holds immense potential for the growth of the market. Increase in the production of electric vehicles and lithium ion batteries used in vehicles is driving the market in China. Furthermore, China is also one of the world's leading producers of electronic devices. This is expected to drive the lithium ion battery market across multiple applications in China. Also, the presence of a number of electronic manufacturers such as Panasonic (Japan), Sony Corp. (Japan), Samsung SDI (South Korea), and LG Electronics (South Korea) in the region is one of the key factors driving the market for lithium ion batteries in APAC.

Key Market Players

Some major companies operating in the global lithium ion battery market are BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).

LG Chem has an energy solution division that works on developing differentiated materials for automotive and mobile batteries with integration of the latest technology. Under its energy solution segment, it provides mobile batteries, automotive batteries, and energy storage systems. Under its mobile batteries division, it delivers cylindrical, prismatic, polymer batteries for mobile devices, electric tools, electric bicycles, and smart watches. LG Chem plans to build a 41,300 m2 sized production base in Wroclaw, Poland, by investing USD 380 million in its Polish subsidiary, LG Chem Wroclaw Energy. After the completion of production base in 2018, it will have capacity to supply lithium-ion batteries for 100,000 electric vehicles every year resulting into the production capacity for 280,000 electronic vehicles by leveraging company’s production system (Korea, US, China, and Poland).

Panasonic Corporation undertakes various strategic investments, which sum up around 1 trillion Yen (~USD 9 billion), and has spent part of this total since FY 2016 to achieve sustainable growth in sales and profit. In FY 2018, the company’s lithium-ion battery plant commenced operation inside Tesla’s Gigafactory in the US. The company’s plant is in charge of producing the high performance cylindrical “2170 cell” used in Tesla’s new model 3 electric vehicles and energy storage system. The company is planning to continue investing capital in FY 2019 to achieve annual production capacity of 35 GWh.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Temperature Sensor Market Growth factors and Global insights

The temperature sensor market was valued at USD 5.29 Billion in 2017 and is expected to reach USD 7.48 Billion by 2023, at a CAGR of 5.9% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is 2018–2023. The objective of the report is to provide a detailed analysis of the temperature sensor market by product type, end-user industry, and region. The report forecasts the market size, in terms of value, of various segments with regard to 4 main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the temperature sensor market, and details the competitive landscape for these market leaders.

The increasing penetration of temperature sensors in advanced and portable healthcare equipment, growing demand for temperature sensors in the automotive sector, and the increasing adoption of home and building automation systems are the key factors driving the temperature sensor market growth. 

Market for contact-type temperature sensor to grow at higher CAGR during forecast period

Chemicals to account for largest size of temperature sensor market in 2018

APAC to dominate temperature sensor market during forecast period

The temperature sensor market in Asia Pacific is expected to grow at the highest CAGR during the forecast period as APAC has a strong demand for consumer equipment, including portable healthcare electronics and white goods. Increasing industrial automation, especially in automotive and food & beverages sectors, will generate demand for temperature sensors in APAC.

Major players operating in the temperature sensor market include ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Tecgnology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US).

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 5000 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Artificial Intelligence in Marketing: Market for cloud deployment to grow at higher CAGR between 2018 and 2025

According to MarketsandMarkets, the artificial intelligence (AI) in marketing market is expected to be valued at USD 6.46 Billion in 2018 and is likely to reach USD 40.09 Billion by 2025, at a CAGR of 29.79% between 2018 and 2025. Growth in the adoption of customer-centric marketing strategies, increase in demand for virtual assistants, and increased use of social media for advertising are the major factors driving the demand for AI-based marketing and sales solutions.

Several businesses have already moved part of their operations to the cloud, which has encouraged vendors to develop cloud-based solutions. Migrating to the cloud has benefits such as enhanced flexibility, control, and scalability. Cloud deployment significantly reduces the capital investment required to implement AI-based solutions for marketing and sales; this is one of the major reasons for the increased demand for cloud-based solutions from most enterprises.

North America to hold major share of AI in marketing market in 2018

North America is expected to account for the largest share of the overall AI in marketing market in 2018. North America is the largest contributor to the adoption and implementation of AI in marketing. The region, including the US and Canada, has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. Considerable growth is expected in the region during the forecast period owing to the growing adoption of AI among physically present retail stores, as well as the ongoing research and pilot projects by North American companies.

Companies covered in the AI in marketing market report are NVIDIA (US), Intel (US), IBM (US), Micron (US), Samsung Electronics (Korea), Xilinx (US), Amazon (US), Alphabet (US), Facebook (US), Microsoft (US), Salesforce(US), Baidu (China), Sentient Technologies (US), Albert Technologies (Israel), and Oculus360 (US). Some of the other key companies included in the report are Twitter (US), Oracle (US), InsideSales (US), Persado (US), Mariana (US), Drawbridge (US), Narrative Science (US), Appier (US), GumGum (US), and Zensed (Sweden).

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 5000 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, "RT" 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Motor Management Market: key insights of Key players

The rate of adoption of motor management depends on the degree of automation in the industrial space. Control devices and software offer several benefits for motor management such as energy savings, precise control, and less wear and tear through the efficient monitoring of load conditions.

Motor management are being deployed in industries such as oil & gas, metals & mining, power generation, chemicals, cement, food & beverages, agriculture, and water supply and wastewater treatment. The Motor management Market is estimated to be worth USD 4.03 Billion by 2023, at a CAGR of 5.35% between 2017 and 2023.

Key market players include General Electric (US), Texas Instruments (US), Siemens AG (Germany), Schneider Electric SE (France), and ABB Ltd. (Switzerland). These companies operate globally and provide motor controllers and discrete devices; they rely on their R&D capabilities to develop a balanced product portfolio to hold a large share of the market. They have been focusing on product launches, research and development, acquisitions, and collaborations to enhance their product offerings and expand their business.

General Electric, with its strong R&D capabilities, makes substantial investments in developing new products. Foer instance, the new series of products launched in motor and generator module helped the company to retain its share in the existing market and also to increase its market penetration. The company is also expected to achieve rapid growth through acquisitions in emerging markets such as China. General Electric has adopted strategies such as product launches, product developments, and expansions to sustain in the highly competitive motor management market. In 2014, GE developed a new Multilin 869 Motor Protection System designed for the protection, control, and management of medium and large induction and synchronous motors.

Texas Instruments is equipped with a strong sales and distribution channel. The company’s microcontrollers used in Motor management have a good industry coverage due to the sales offices located globally. Texas Instruments earns revenue from a diverse base of thousands of applications, which enables it to avoid dependence on a single market, customer, or product. The company continued to perform well in 2016, with a focus on analog and embedded processing. Texas Instruments is continuously engaged in conducting research and upgrading its product portfolio. In 2017, Texas Instruments manufactured the smallest gate driver and power MOSFET solution for motor controllers in motor drive applications. DRV832x brushless DC (BLDC) gate drivers and CSD88584/99 NexFET Power Blocks are mostly deployed together in a single motor controller to work smoothly. 

Siemens has a large workforce dedicated to offering high-quality products and services to consumers. It offers customers a one-stop solution for various power-related queries. It is also venturing into different markets to expand its customer base. Siemens has promoted an expansion module for condition monitoring systems. Siplus CMS1200 enables continuous condition monitoring via TIA Portal and Simatic S7-1200 controller designed for use with mechanical components of motors, generators, pumps, fans, and gear units to detect mechanical damage at an early stage and prevent further problems. Moreover, Siemens AG has linked geared motors and motion controllers together for proper control and protection purposes. In 2016, Siemens AG upgraded its new firmware version 4.8, which allows Sinamics S120 high-performance low-voltage converters to be combined with Simotics’ synchronous reluctance motors.

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 5000 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, "RT" 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. Shelly Singh
MarketsandMarkets Research Pvt. Ltd.
Tower B5, office 101,
Magarpatta SEZ,
Hadapsar, Pune-411013.
1-888-600-6441

Geotechnical Instrumentation and Monitoring Market to make remarkable growth in coming years

The geotechnical instrumentation and monitoring market is estimated to grow at a CAGR of 11.37% from 2017 to 2022 to reach USD 4.64 Billion by 2022. This report provides a detailed analysis of geotechnical instrumentation and monitoring market based on offering, network technology, structure, end user, and region. The service segment, among offerings, is projected to grow at the highest CAGR between 2017 and 2022.

Of all structural segments of geotechnical instrumentation and monitoring market, tunnels & bridges is the fastest-growing segment during the forecast period. Bridges and tunnels are important infrastructures and contribute majorly to the growth of a region. Geotechnical monitoring in tunnels is important due to the increased risks of cave-ins. Thus, it is necessary to monitor the safety of these structures with high precision.

The geotechnical instrumentation and monitoring market based on offering is classified into hardware & software and services. The services market is projected to grow at the highest rate between 2017 and 2022. The primary reason behind this growth is the demand for remote and real-time monitoring of critical structures, such as mines and tunnels & bridges.

Of all the regions, the Americas held the largest market share in 2016. The major reason for this large market share is the high number of projects that are implementing geotechnical instrumentation and monitoring solutions in the region. The Americas has always been the leader in implementing this technology and is very particular about the safety of its structures.

Some of the major restraining factors for the growth of the geotechnical instrumentation and monitoring market are the high installation cost and the slow adoption rate in emerging economies.

Major players in the geotechnical instrumentation and monitoring market are Fugro N.V. (Netherlands), Keller Group plc (U.K.), Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc. (U.S.), Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo Srl (Italy). These players have adopted various strategies, such as new product developments, partnerships and contracts, and business expansions to cater to the needs of end users in the geotechnical instrumentation and monitoring market.

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 5000 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, "RT" 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. Shelly Singh
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441

Ferrotec (Japan) and Laird (UK) are the Key Players in the Thermoelectric Modules Market

The major drivers for the thermoelectric modules market include precise temperature control and superior benefits of thermoelectric modules, dual properties (simultaneous heating and cooling) of thermoelectric modules, improved fuel efficiency in vehicles using thermoelectric modules, and increasing awareness of green energy. Currently, the key players in the thermoelectric modules market are adopting various development strategies such as contracts, partnerships, agreements, mergers, acquisitions, expansions, product launches, and research and development (R&D) activities to gain a competitive advantage in the market.

In terms of market leadership, Ferrotec (Japan) leads the thermoelectric modules market. Other top companies in the thermoelectric modules market include Laird (UK), II-VI Marlow (US), Crystal Ltd. (Russia), and RMT Ltd. (Russia).

Ferrotec (Japan) has been ranked first in the thermoelectric modules market. Ferrotec is a diversified technology company and offers a broad array of end products and manufacturing systems across various industries. Ferrotec products are used in the telecom industry, biomedical industry, instrumentation applications, automotive industry, and power generation and consumer electronics application. The company has 12 production bases and 16 sales offices worldwide. The company has positioned itself for continued growth through product launches. Moreover, the company is extending its business through contracts, partnerships, alliances and collaborations of products and solutions. Furthermore, the company has continued its growth in different economies such as Taiwan, Japan, the US, and the UK. For instance, in January 2016, Ferrotec announced an alliance with JSW AFTY (Japan). This alliance helped JSW AFTY to represent the temescal electron beam evaporators of Ferrotec in the Japanese market. In addition, Ferrotec represented the systems developed by JSW AFTY in the US. Under this alliance, both companies provided sales, services, and support to customers in Japan and the US markets.

Laird (UK) has been ranked second in the thermoelectric modules market. Laird designs, manufactures, and supplies components and solutions for wireless systems and advanced electronics applications, as well as provides support services. The company’s strategy is to provide a broad range of products and solutions for thermal management and wireless systems. New developments and advancements in products require a wide variety of technologies and capabilities. Hence, the company is focusing on organic growth through product development, as well as inorganic growth by extending its existing businesses through acquisitions, expansions, and alliances, which, in turn, would help the company adopt new technologies for the development of new advanced and updated products. For instance, in January 2016, Laird completed the acquisition of Novero (Germany). With the acquisition of Novero, Laird extended its product portfolio in the wireless systems business segment.

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 5000 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, "RT" 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

$34 Billion Delivery Robots Market - Global Forecast to 2024

The delivery robots market is expected to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. The reduction in last-mile delivery costs due to the adoption of these robots is the key factor driving the growth of the delivery robots market. The increase in venture funding is another driving factor for the market.

Delivery robots with load carrying capacity of more than 50.00 kg to hold the largest market size by 2018

The high rate of adoption of delivery robots with load carrying capacity of more than 50.00 kg for e-commerce applications in the retail industry is the key factor driving the market. Apart from e-commerce applications, robots with a load carrying capacity of more than 50.00 kg are mainly used to deliver groceries and heavy parcels ordered by online shoppers. However, robots under this category need to follow a comparatively large number of regulations than the robots belong to other 2 categories because delivery robots with more than 50.00 kg load carrying capacity travel on streets rather than sidewalks, thereby requiring effective traffic management.

The market for delivery robots with higher than 6 kph speed to grow at the highest CAGR during the forecast period

The speed limit has been the key factor for the manufacturer and the lawmaker as it proves to be vital for the safety of human commuters. However, the low speed will affect the operational efficiency, and it would result in the high cost of delivery. The speed limit allowed for a pedestrian robot is generally up to 6 kph. Technologically advanced delivery robots have made it possible to deliver different kinds of items quickly and efficiently. This factor is expected to fuel the growth of the market for delivery robots with higher than 6 kph speed during the forecast period.

4-wheeled delivery robots to dominate the market in 2018

4-wheeled delivery robots are expected to dominate the market in 2018 owing to their capability to well balance the robot. 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, most of the robotics companies across the world offer delivery robots with 4 wheels, which are more efficient in rotating in-place. However, the market for 6-wheeled delivery robots is expected to grow at the highest CAGR during the forecast period.

The market in APAC is expected to grow at a significant rate during 2018–2024

APAC countries such as Australia and Japan are currently involved in testing delivery robots. By the end of Q2 of 2019, these countries are expected to commercialize delivery robots developed by them. The growth of the market in APAC is likely to be propelled by the increasing awareness about the potential of delivery robots to provide delivery services with high efficiency and at a reduced cost. Apart from this, the existence of- e-commerce giants, such as Amazon, Walmart, and Alibaba, in the region provides a growth opportunity for the players in the delivery robots market in APAC. Further, with the increased demand and reduced prices of major components such as LiDAR sensors and motors, the market for delivery robots has a promising future in this region.

Key Market Players

A few major companies in the delivery robots market are 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), Eliport (Spain), Dispatch (US), Piaggio Fast Forward (US), Marble (US), TeleRetail (Switzerland), BoxBot (US), and Kiwi Campus (US). Apart from these, players such as House of Battery (US) and Ultralife Corporation (US) supply batteries to key autonomous robot manufacturers, and companies such as Fastree (Switzerland) and Quanergy (US) are the suppliers of light detection and ranging (LiDAR) sensors.

Starship Technologies offers self-driving delivery robots that improve the local distribution of goods and groceries. The company’s vision of zero cost, zero waiting time, and the least adverse impact on the environment have redefined the local delivery chain. The company believes that robots can complete local deliveries within 5–30 minutes from a local hub or retail outlet and with 10–15 times less than the cost of current last-mile delivery alternatives. Robots are overseen by human operators, along with their property to drive autonomously, to ensure safety. The robots developed by the company have covered more than 100,000 miles in more than 100 cities of 20 countries in the world, encountering 15 million people along the way. In June 2018, the company raised the seed capital of USD 25 million, which is likely to be invested in deploying more number of robots in neighborhoods, as well as corporate and university campuses in the US and Europe.

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Laser Cleaning Market for Solid Laser Type is Expected to Register the Highest CAGR Between 2018 and 2023

The overall laser cleaning market is projected to exhibit lucrative growth potential during the forecast period. The market growth is propelled by the preference toward laser cleaning over traditional approach and the increasing demand for laser cleaning in various applications. The laser cleaning market was valued at USD 588.8 Million in 2018 and is expected to reach USD 723.9 Million by 2023, at a CAGR of 4.22% during the forecast period.

The report covers the laser cleaning market on the basis of laser type, applications, and geography. Among applications, cleaning process accounted for the largest market in 2017. In the automotive industry, laser is used in tire mold cleaning and brake line decoating systems. The growth of laser cleaning systems can be attributed to factors such as increasing use of high-energy pulsed 49 lasers for the ablation of organic materials and surface activation tasks. The laser cleaning market by cleaning process for aerospace and aircraft is expected to grow at a higher CAGR during the forecast period. The growth is because of the global commercial aerospace subsector, which is likely to experience strong revenue and operating earnings growth in the near future. This will be a result of continued record production levels driven by strong demand for next-generation aircraft and growing passenger traffic. The growth is expected to mainly impact Asia Pacific and the Middle East. On the other hand, the commercial passenger and cargo aircraft and the annual number of passengers are expected to witness an expedited growth during the forecast period, which will be further responsible for the increased use of laser for cleaning due to growing air traffic.

Among laser types, solid lasers are expected to grow at a higher CAGR during the forecast period. The growth is likely because of the ability of solid lasers to prevent material wastage when in the active medium and produce both continuous and pulsed output at a higher efficiency. Some of the major advantages include Zero waste material production and ease of access, for a wide range of application areas such as art and heritage sites restoration and for use in industrial areas such as nuclear reactors and power plants.

The laser cleaning market, on the basis of laser types, has been segmented into solid and gas lasers. The solid lasers segment includes YAG and fiber lasers. Major players in the solid laser market include IPG Photonics (US), Coherent (US), Trumpf (Germany), and Adapt Laser Systems (US). The market is dominated by the YAG laser segment as YAG lasers that are extensively used are Nd:YAG, flash-pumped Q-switched Nd:YAG, arc-lamp pumped Q-switched Nd: YAG, and diode-pumped Q-switched Nd: YAG for cleaning and for other material processing applications. In the precision mechanical industry, YAG lasers play a crucial role to clean parts that have grease and mineral oils applied as lubricants or as anti-corrosives. The laser cleaning method reduces the residual contamination to practically zero level.

APAC held the fastest growth rate during the forecast period. The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth in the market for laser cleaning in APAC is also driven by the soaring infrastructure market in the region.

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 5000 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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062

Geographic Information System (GIS) Technology to Grow at at a CAGR of 9.6%

The geographic information system (GIS) market was valued at USD 5.33 Billion in 2016 and is expected to reach USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023. Development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of GIS solutions in transportation are the key driving factors for the market.

Convergence and integration of geospatial technology with mainstream technologies such as analytical tools, database, & enterprise solutions (e.g., ERP and CRM) are considered one of the key drivers expanding the utility of geospatial analytics across various industries. Geospatial data collected from various sources are stored, processed, and analyzed to derive geographic information. The geospatial analyzed information is used for decision-making by various end users. The adoption of geospatial technology has further resulted in improved productivity and efficiency of enterprises across different sectors such as transportation, energy, mining, oil & gas, telecommunication, construction, agriculture, and business enterprises. For instance, real estate site selection, route selection, zoning, planning, conservation, and natural resource extraction involve the usage of geospatial analytics and geographic information system (GIS) solutions. Geospatial software and service providers can deploy more comprehensive solutions through technology convergence and integration with mainstream technologies.

APAC expected to grow at the highest rate between 2017 and 2023

APAC is expected to be the fastest-growing market for GIS during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In APAC, companies engaged in engineering and construction, mining and manufacturing, insurance, and agriculture are implementing geospatial technologies to identify potential markets and are using geospatial information to make strategic decisions. Surveying and mapping technologies are widely used in APAC. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for 3D GIS in this region.

Major players involved in the software market include Autodesk, Inc. (US), Bentley System, Incorporated (US), Environmental Systems Research Institute, Inc. (Esri) (US), General Electric Co. (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US).

The hardware market was dominated by key players such as Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co., Ltd. (China), and Beijing Unistrong Science & Technology Co., Ltd. (China).

The other players in this market include Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), Geosoft Inc. (Canada), Handheld Group (Sweden), Harris Corporation (US), Hi-Target Surveying Instrument Co. Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada),  PASCO CORPORATION (Japan), and SuperMap Software Co., Ltd. (China).

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 5000 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, "RT" 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. Shelly Singh
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441

Anti-Jamming Market: The Surveillance and reconnaissance application holds high demand for GPS technology

The overall anti-jamming market for GPS was valued at USD 3.53 billion in 2017 and projected to reach USD 5.50 billion by 2023, at a CAGR of 7.34% during the forecast period. The base year considered for the study is 2017, and the forecast has been provided for the period from 2018 to 2023.

GPS was originally developed for military purposes and has proven to be essential for land, air, and sea navigation for the accurate positioning for a wide range of military applications. The military GPS/global navigation satellite system (GNSS) devices are highly recommended for applications related to force deployment, logistical support, and vehicle navigation—such as GPS-aided navigation systems for aircraft and unmanned vehicles, handheld receivers for soldiers, and navigational devices for vehicles. Signal jamming is a major threat to the military operations based on GPS. GPS jamming devices broadcast signals in the same frequency as used by satellite navigation, which results in false location information. It can also lead to the disruption of satellite transmissions. A few military applications, such as the GPS Jammer Location (JLOC), have been designed to monitor GPS interference and provide alerts to military users in the field on the detection of threat. Also, the use of anti-jamming systems and technology with GPS receivers and antennas helps prevent jamming. Therefore, the high demand for GPS and GNSS devices in military applications is driving the growth of the anti-jamming market for GPS.

Market Dynamics

Drivers

• High demand for GPS technology in military applications
• Ongoing Developments to improve the overall GPS infrastructure

Restraints

• Incompatibility of older GPS receivers with newer technologies
•  Availability of Precision Terrain Aided Navigation (PTAN) as a substitute to GPS

Opportunities

• Growing demand for unmanned airborne vehicles and systems
• Development of low-cost GPS anti-jamming solutions

Challenges

• GPS spoofing attacks 

By Receiver Type

• Military and government grade
• Commercial transportation grade

By Anti-Jamming Technique

• Nulling technique
• Beam steering technique
• Civilian techniques

By Application:

• Flight control
• Surveillance and reconnaissance
• Position, navigation, and timing
• Targeting
• Casualty evacuation
• Others

By End User:

• Military
  • Airborne
  • Ground
  • Naval
  • Unmanned Vehicles
• Civilian

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Rest of Europe (Greece, Spain, Italy, Russia, Finland, Denmark, Netherlands, and Sweden)
• Asia Pacific (APAC) 
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC (Australia, New Zealand, Singapore, Hong Kong, Indonesia, and Taiwan) 
  
  
• Rest of the World (RoW)
  
  • Middle East and Africa
  • South America

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. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441