How advancements in Industry 4.0 is influencing the industrial sensors market?

The industrial sensors market is expected to be valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6 billion by 2023, at a CAGR of 6.16% during the forecast period. The study involved 4 major activities to estimate the current market size for industrial sensors. Exhaustive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

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Noncontact industrial sensors is a faster growing segment of the industrial sensors market. Increasing penetration of remote sensing and wireless sensing attributes to the growth of noncontact sensors in the industrial sensors market. The wireless sensors market is increasing due to factors such as increasing penetration in industrial automation applications; growing adoption of wearables in industrial facilities; emerging concepts, such as smart factory; and increasing applications in pharmaceuticals and mining industries and petroleum refineries.

APAC to account for largest market during forecast period

APAC is expected to hold the largest share of the industrial sensors market in 2018. APAC is the largest market for industrial sensors because of the presence of China in this region. China’s manufacturing output is the largest in the world. Therefore, China is among the world’s largest manufacturer and industrial producers. It is one of the major manufacturers of consumer electronics, automobiles, etc.

Key Market Players

A few major players operating in the industrial sensors market are Rockwell Automation (US), Honeywell (US), Amphenol Corporation (US), Texas Instruments (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), and Siemens (Germany). Rockwell delivers a wide range of solutions and services for applications such as food & beverages, life sciences, oil & gas, mining, cement, metals, pulp & paper, and water & wastewater. The company offers start-to-end industrial services to its end users. The available solutions offer the company an advantage over its competitors for increased growth. The company adopts both organic and inorganic growth strategies. In the last 3 years, Rockwell Automation offered 2 products related to the industrial sensors segment.

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

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

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

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Temperature Sensor Market: Increasing penetration of temperature sensors in advanced and portable healthcare equipment

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 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 market, and details the competitive landscape for these market leaders.

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Increasing penetration of temperature sensors in advanced and portable healthcare equipment

Growing demand for advanced and portable healthcare equipment is driving the temperature sensor market. With the onset of technologies such as advanced patient monitoring systems and portable health monitoring systems, demand for temperature sensors is on the rise.

With rising aging population and growing lifestyle diseases, demand for portable healthcare devices will see a rise. Technological advancements and miniaturization trends in sensors make it possible to make healthcare and wearable products available at an affordable price. Temperature sensors are used in the healthcare end-user industry in various equipment. Wearable healthcare products have become popular over the past few years owing to the increased growth of the wearable devices. Temperature sensors are used in wearable healthcare devices to offer continuous monitoring of patients/subjects. The increasing popularity of portable and wearable healthcare devices acts as a major driving factor for the growth of the temperature sensor market.

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).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 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.

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Based on device, acoustic wave sensor market for resonators to grow at highest CAGR by 2025

According to the new research report, "Acoustic Wave Sensor Market by Type (surface and bulk); Device (resonator and delay line); Sensing parameters (temperature, pressure and humidity); Vertical (military, automotive and industrial) and Geography (North America and APAC) - Global Forecast to 2025", is expected to grow from USD 0.4 billion in 2016 to USD 1.1 billion by 2025; it is estimated to grow at a CAGR of 10.7% during 2017–2025. Growing concern toward security and surveillance, increasing demand for surface acoustic waves (SAW) based temperature sensors across various industries due to their various benefits such as accuracy, wide temperature sensing range, fast response rate, low cost, repeatability and microelectromechanical sensor (MEMS) technology are some of the major factors fueling the growth of this market.

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 Based on device, acoustic wave sensor market for resonators to grow at highest CAGR from 2017 to 2025

The market for resonators is expected to grow at a highest CAGR from 2017 to 2025. Resonators have an advantage over traditional LC/RC electrical resonance solutions having a mechanical method of vibration. The resonators are not altered by fluctuations in source and circuit voltage. Hence, resonators are suitable for the applications such as automotive keyless entry and tire-pressure monitoring.

Based on type, SAW sensors segment is expected to hold a larger size of the global acoustic wave sensor market

SAW sensors segment is expected to hold a larger size of the global acoustic wave sensor market. The leading position of the market for these sensors can be attributed owing to the capability of SAW sensors to sense various parameters such as temperature, pressure, and humidity. These sensors are used to sense and indicate the change in the concentration of a specific chemical in the environment.

Acoustic wave sensor market in APAC to grow at highest CAGR during forecast period

The acoustic wave sensor market in APAC is expected to grow at the highest CAGR during the forecast period. The region’s huge population, high industrial growth in developing countries like China and Japan, government initiatives and extensive industrial base are the major factors that make APAC a dynamic region for acoustic wave sensor, with Japan and China being the major contributors.

Key players in the market include Althen GmbH (Germany), NanoTemper Technologies GmbH (Germany), H. Heinz Meßwiderstände GmbH (Germany), Transense Technologies plc (UK), Pro-micron (Germany), Vectron International Inc.  (US), Qualtre Inc. (US), Senseor SAS (FRANCE), Sensor Technology Ltd. (US), and Hawk Measurement (Australia). These players are increasingly undertaking product launches, mergers, and acquisitions to increase their market shares.

Don’t miss out on business opportunities in Acoustic Wave Sensor 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.

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Smart Container Market estimated to be worth $5.7 billion by 2024

The report "Smart Container Market by Offering (Hardware, Software, and Services), Technology (GPS, Cellular, BLE, LoRa WAN), Vertical (Food & Beverages, Pharmaceuticals, Chemicals, Oil & Gas), and Geography - Global Forecast to 2024", is estimated to grow from USD 2.6 billion in 2019 and projected to reach USD 5.7 billion by 2024; it is expected to grow at a CAGR of 16.9% from 2019 to 2024. The most significant factor driving the growth of this market is the rise in the adoption of IoT connected devices by major shipping companies. This trend is gaining momentum, as a large amount of data is collected during the entire transportation process, from which various important insights can be extracted. With these insights, issues can be pinpointed, downtime can be reduced, and procedures can be streamlined, thereby improving operational efficiency in the maritime industry. A few other significant factors driving the growth of the smart container market are the need for enhancing operational efficiency and safety in the shipping industry and growing concerns regarding the wastage of food and medical products due to temperature deviation.

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“Hardware to hold the largest size of the smart container market during the forecast period.”

The smart container market for hardware components used in smart container solutions is expected to hold the largest market size since a wide variety of hardware components with varying prices are deployed to conduct container monitoring and tracking applications. Smart container solutions require a lot of sensors and other hardware components for effective network monitoring, and a few of these hardware components can be comparatively expensive.

“Smart container market for pharmaceutical vertical to grow at the highest CAGR from 2019 to 2024.”

The smart container market for the pharmaceutical vertical is expected to grow at the highest CAGR during the forecast period. This high growth is mainly due to the rising concerns of avoiding the losses caused during the transportation of pharmaceutical products. The need for effective monitoring solutions for vaccine transportation activities to maintain the potency of vaccines would drive the smart container market for the pharmaceutical industry.

“Europe held the major share of the smart container market in 2018.”

According to the European Community Shipowners’ Associations (ECSA), European shipowners control over 40% of the worlds merchant fleet and operate shipping services around the world. According to the United Nations Conference on Trade and Development (UNCTAD), Europe is the second-largest region in terms of container port volumes. In 2017, it accounted for 16% of the total world container port volumes. Due to these major driving factors, the smart container market share of Europe is the highest among all regions. Europe held major market share in 2018 and is expected to continue dominating the smart container market during the forecast period. This is mainly due to the presence of major shipping companies in Europe, such as Maersk, CMA CGM, Hamburg Sud, and MSC, that demand for smart shipping container solutions.

Major players in the smart container market are Orbcomm (US), Smart Containers Group AG (Switzerland), Traxens (France), Globe Tracker (Denmark), and Nexiot AG (Switzerland). Other players operating in smart container market include Phillips Connect Technologies (Division of Phillips Industries) (US), SeaLand (Maersk) (Denmark), Robert Bosch Manufacturing Solutions (Robert Bosch GmbH) (Germany), Ambrosus (Switzerland), and ZillionSource Technologies Co., Ltd. (Cisco) (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 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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

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Human Augmentation Market By Wearable, Virtual Reality, Augmented Reality Technology

The human augmentation market is projected to grow from USD 70.9 billion in 2019 to USD 206.9 billion by 2024, at a CAGR of 23.9%. Major factors driving the growth of the market include the surge in technology penetration in healthcare, safe and strong military personnel, advent of artificial intelligence in wearable devices, and growing popularity of wearable augmentation products.

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Virtual reality eye tracking and gesture-controlled technologies are used to control the In-Flight Entertainment and Connectivity (IFEC) system without the use of remote controls that are highly utilized in the aerospace and defense field. The combination of eye tracking and hand gesture technologies enables passengers to engage with their in-flight entertainment in a natural way, thereby increasing its importance in the application area.

APAC to witness highest CAGR in human augmentation market during forecast period

Japan has a strong base of technologically advanced manufacturing industries that presents a significant opportunity for the market technology market in the country. Also, massive mobile user base and high population growth rate in the country are driving growth for the market in APAC. In India, growing usage of smart devices, availability of cheap labor, and increase in disposable income, as well as rebounding economy, are the key driving factors for the growth of the human augmentation market.

Key Market Players

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

About MarketsandMarkets™

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

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

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

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Smart Display Market Factors behind Growth

According to the new market research report on the "Smart Display Market by Smart Home Display (Voice-Controlled, Appliance), Smart Display Mirror (Automotive-Rearview & Side-View, Retail, Home), Smart Signage (Retail & Hospitality, Sports & Entertainment), Components, and Geography - Global Forecast to 2025", The global smart display market is expected to grow from USD 861 million in 2018 to USD 6,665 million by 2025, at a CAGR of 34.0%. The market has been segmented into 3 separate markets—smart home displays, smart display mirrors, and smart signage.  

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Smart displays are intelligent solutions that can be controlled through simple voice commands, remote devices, or with the help of IoT connectivity and artificial intelligence. Smart displays are referred to as emerging display applications where manufacturers add interactive and advanced control features to the display devices. This offers new growth opportunities for display panel manufacturers, technology developers, signage solution providers, and OEMs. These devices are emerging use cases of displays and have potential to revolutionize several applications including home, signage, automotive, and other industries.

Factors such as the success of smart speakers as the gateway to smart home gadgets, availability of multiple voice assistants, and implementation of AI in smart home devices and increasing demand for IoT-enabled smart appliances are driving the global smart home display market. Factors such as new and innovative features offered by smart mirrors, transition from traditional stores to smart stores in the retail industry, and increasing demand for smart display mirrors in the automotive industry are driving the global smart display mirror market. Factors such as increasing demand for context-aware signage and customer data analysis to enable AI-based smart signage are driving the smart signage market.

“Europe accounted for largest share in automotive smart display mirror market”

Europe is home to major automobile manufacturers such as Volkswagen (Germany), BMW (Germany), and Daimler (Germany), which is expected to create significant demand for smart display mirrors. Consumer demand for connected mirrors is also growing due to increasing focus on vehicle safety and convenience, which is driving the automotive smart display mirror market in the region.

Amazon.com, Inc (Amazon) (US); Google, LLC (Alphabet, Google) (US); Facebook, Inc (Facebook) (US); Samsung Electronics Co., Ltd. (Samsung, Samsung Display) (South Korea); LG Electronics Co. Ltd, (LG Electronics, LG Display, LGD) (South Korea); Sony Corporation (Sony) (Japan); NEC Corporation (NEC Corp., NEC) (Japan); Gentex Corporation (Gentex) (US); Magna International, Inc (Magna Mirror, Magna) (US); and Apple Inc. (Apple) (US) are the leading players in the 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.

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Micro Battery Market: Smart cards application to account for the largest market share during the forecast period

According to the new market research report "Micro Battery Market by Type (Thin Film, Printed, Solid State Chip Battery), Capacity, Rechargeability, Application (Smart Cards, Smart Packaging, Medical Devices, Wearable Devices), and Geography - Global Forecast to 2025", the global micro battery market is estimated to be USD 128 million in 2019 and is projected to reach USD 631 million by 2025, at a CAGR of 30.4% between 2019 and 2025. The growth of this market can be attributed to the inherent advantages offered by micro batteries. Some of the major benefits of micro batteries includeflexibility, safety, high energy density, lightweight, longer lifespan, as well as low cost. These factors have helped the micro battery market gain traction in applications such as smart cards, smart packaging, medical devices, and wearable devices, as well as penetrate application areas such as smart textiles and wireless sensors.

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A smart card, which is also known as a power card, requires a self-contained power source. The micro battery integrated with the smart card is usually disposed of along with the smart card at the end of its lifespan. Therefore, the major deployment of single-use batteries in smart cards is expected to drive the market for single-use thin film, printed, and solid state chip batteries during the forecast period. This creates a huge potential for micro batteries in the smart cards application.

APAC to dominate the micro battery market during the forecast period

APAC held the largest share of the micro battery market in 2018. Technology advancements in smart packaging (such as the use of printed RFID tags and smart labels in packages), as well as the adoption of medical devices, mainly pacemakers, drug delivery systems, and medical patches, which require lightweight, flexible, and safe power sources, are fueling the market growth of micro batteries in the APAC region.

Besides APAC, the North American region also holds a significant market share. Manufacturers such as Cymbet, Blue Spark Technologies, BrightVolt, NEC Energy Solutions, Molex, and Ultralife, among others, are based in this region.

Key Market Players

Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), BrightVolt Inc. (US), Power Paper Ltd. (Israel), ProLogium Technology Co., Ltd. (Taiwan), Front Edge Technology, Inc. (US), PolyPlus Battery Co. Inc. (US), Panasonic Corporation (Japan), TDK Corporation (Japan), Blue Spark Technologies, Inc. (US), NEC Energy Solutions Inc. (US), Jenax Inc. (South Korea), Ultralife Corporation (US), and Molex (US) are some of the major players operating in this market.

Cymbet is one of the prominent players in the micro battery market. Its proprietary manufacturing process—PowerFab—utilizes semiconductor fabrication processes to produce rechargeable energy storage devices with no liquids, gels, or harmful chemicals. EnerChip - the company's batteries and integrated products enable new concepts in medical, sensor, IoT, RFID, industrial control, communications, and portable electronic devices. The company is strongly focused on strategies such as partnerships and collaborations. Over the years, it has partnered with several industry leaders to create solutions that enable advanced power back-up, pervasive power, and energy harvesting solutions. Cymbet also concentrates on strategic product and technology development to strengthen its business as well as its customer base.

About MarketsandMarkets™

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

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

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

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MarketsandMarkets™ INC.
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Delivery Robots Market | APAC is expected to grow at a significant rate

According to the new market research report "Delivery Robots Market by Load Carrying Capacity (Up to 10, 10.01-50.00, and More than 50 kg), Component (LiDAR Sensors, Control Systems), Number of Wheels (3, 4, and 6), End-User Industry (Food & Beverages, Retail), and Geography - Global Forecast 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. Autonomous delivery robots are primarily useful for food & beverages, retail, hospitality, and healthcare industries. Owing to this, the companies developing delivery robots have been receiving funding from venture firms. Another driver for the delivery robots market includes the reduction in last-mile delivery costs.

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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.
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5G Infrastructure Market | List of Key Players

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

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Key Market Players

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).

Huawei (China) is the leader in the 5G infrastructure market. The company is a global information and technology solutions provider. It has about 36 joint innovation centers and 14 R&D centers, with a widespread presence and serves its customers in about 170 countries. The company is also among the major vendors of the telecom network infrastructure. The network equipment provided by Huawei has always been a major part of rollouts in APAC, Europe, the US, and other emerging regional markets across the world. Huawei is looking forward to work with its partners to activate transformation in enterprise collaboration and communication, which includes 10-fold network capacity expansion, 10 dB coverage improvement, 10 times better user experience, and introduces artificial intelligence (AI) to simplify networks.

North America to hold major share of 5G infrastructure market in 2019

North America is one of the leading markets for 5G infrastructure, in terms of R&D activities in 5G technology, network design/deployment, and presence of key market players. North America is well known for its high adoption rate of new advanced technologies including Internet of Things (IoT), wearable technology, autonomous car/connected cars. Reliable and fast connectivity required for these technologies is addressed by 5G. Therefore, high growth opportunities for the said market in North America can be expected.

About MarketsandMarkets™

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

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

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

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MarketsandMarkets™ INC.
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Shortwave Infrared (SWIR) Market | North America to account for largest share during forecast period

The shortwave infrared market (SWIR) is expected to be valued at USD 147 million in 2018 and is likely to reach USD 258 million by 2024, at a CAGR of 9.87% during the forecast period. High demand for SWIR products from the nonindustrial vertical is one of the major factors driving the growth of the shortwave infrared market. Moreover, SWIR cameras are increasingly being used in various industries such as electronics and semiconductors, food & beverages, and aerospace for machine vision application; this factor is also expected to considerably boost the growth of the said market in the coming years.

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North America to account for largest market share during forecast period

North America is expected to account for the largest share of SWIR market during the forecast period. The market in this region is also expected to witness significant growth during 2018–2024. One of the major reasons for the leading position of North America is the presence of several prominent military and defense, scientific research, and medical players in this region that are generating demand for SWIR cameras.

Key Market Players

Key players in the SWIR market include Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Hamamatsu Photonics K.K. (Japan), and Opgal Optronic Industries (Israel). Sensors Unlimited is well known for its SWIR imaging solutions and InGaAs technology products. Its leading position in the SWIR market can be attributed to its strong product portfolio of SWIR cameras, consisting of both area scan cameras and line scan cameras. The company is further strengthening its product portfolio by introducing new products. In 2016, the company launched Micro-SWIR 640CSX Camera—a rugged, lightweight, and low-cost SWIR camera; and in 2015, the company introduced two new SWIR products—320-MicroSWIR camera and GL2048R camera. Besides extensive product portfolio, the company’s strong brand image and wide geographic reach have also helped it attain a leading position in the shortwave infrared market.  

The SWIR market for the monitoring and inspection application is expected to witness the highest growth during the forecast period. Rising demand for SWIR cameras for quality control is among the major factors accelerating the growth of the SWIR market for the monitoring and inspection application. Food & beverages, electronics & semiconductors, pharmaceuticals, glass, and aerospace are among the industries that use SWIR cameras for the monitoring and inspection application.

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.
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High Requirement of Lithium-Ion Batteries for Various Industrial Applications Driving the Growth of Lithium Ion Battery Market

The report "Lithium Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry (Consumer Electronics, Automotive, Medical, Industrial), and Region - Global Forecast to 2025"  The overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 98.0 billion by 2025, at a CAGR of 15% from 2018 to 2025.

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The lithium-ion battery market is segmented by industry into consumer electronics, automotive, aerospace & defense, medical, power, marine, and industrial. Demand for Li-ion batteries is increasing because of the growing need for miniature and lightweight source of power in EVs, portable devices, and industrial equipment. Li-ion batteries can deliver adequate power while managing manufacturing costs and the weight and size of products, which are the major factors for manufacturing specific products according to the requirements.

Lithium ion battery market Asia Pacific (APAC) to witness the fastest growth

The lithium-ion battery industry is segmented into North America, Europe, APAC, and the Rest of the World (RoW). APAC accounted for the largest share in 2017, followed by Europe. The lithium-ion battery market is growing at a rapid pace owing to the growth in electric vehicles, industrial and power applications, and the need for clean and sustainable fuel.

The emerging market of electric vehicles and renewable energy storage systems are driving the market. Countries such as China, the Netherlands, and Germany have undertaken many initiatives and are setting strict regulations to support the growth of the electric vehicles market, which is expected to support the growth of the lithium-ion battery market.

Key players operating in the lithium ion battery market include 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).

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