Tuesday 30 June 2020

Flexible Battery Market | Which specific region has the highest adoption of flexible batteries?

According to a new market research report "Flexible Battery Market with COVID-19 Update by Type (Thin-film, Printed), Voltage, Capacity, Rechargeability (Primary Batteries, Secondary Batteries), Application (Medical Devices, Smart Packaging), Region - Global Forecast to 2025", the flexible battery market is projected to grow from USD 98 million in 2020 to USD 296 million by 2025; it is expected to grow at a CAGR of 24.7% from 2020 to 2025. The flexible battery industry is likely to exhibit lucrative growth potential during the forecast period.

The above 3V segment of the flexible battery market is projected to grow at the highest CAGR during the forecast period.

The demand for flexible batteries with a voltage of above 3V is expected to increase during the forecast period. Flexible batteries with a voltage above 3V offer higher power, longer life, and more safety than other flexible batteries. The applications of these batteries are increasing owing to the development of a number of compact electronic devices, which are generally bulky if conventional batteries are used. These batteries are used in consumer electronics and wearables. They are free from toxic materials such as noxious liquids or gases.

The use of portable medical devices during the COVID-19 pandemic led to significant demand for flexible batteries.

Currently, flexible batteries are increasingly being used in the medical devices industry, as several manufacturers are designing and offering flexible batteries to power temperature sensors, pacemakers, and smart patches. Technological advancements and penetration of IoT in the medical sector have generated opportunities for new battery-powered medical devices. Implantable medical devices, such as neural stimulators, pacemakers, and defibrillators, require batteries that can deliver steady, reliable power for a long duration of time. Flexible batteries meet such requirements owing to their excellent reliability and high performance. New versions of pacemakers, drug delivery systems, medical patches, medical diagnosis sensors, disposable medical devices, and biosensors use flexible and thin power sources. The size and the flexibility of flexible batteries perfectly comply with these requirements. Thus, the medical devices segment holds a significant share of the flexible battery market.

The thin-film batteries segment held the largest share of the flexible battery market in 2019.

Thin-film batteries are widely used in smart packaging, smart cards, wearable devices, and medical devices. These batteries offer superior performance and higher average output voltage, as well as have lower chances of electrolyte leakages than bulky solid-state batteries. The increased demand for miniaturized products used in these applications has led to a rise in the adoption of thin-film lithium-ion flexible batteries, thus driving the growth of the thin-film batteries segment significantly. The increasing demand for smart cards in telecommunication, banking, and transportation sectors for payment applications has also fueled the growth of the thin-film batteries segment of the flexible battery market.
The outbreak of COVID-19 has adversely affected investments being made to develop flexible batteries by a number of manufacturers in North America.
Smart packaging, wearable devices, and smart cards are key application segments wherein flexible batteries are used in North America. These applications require thin and flexible power sources for their operations. Flexible battery manufacturers such as Blue Spark Technologies (US), BrightVolt (US), and Ultralife Corporation (US), are based in North America, thereby leading to the growth of the flexible battery market in the region. The outbreak of the COVID-19 pandemic has affected the production and supply chain of flexible batteries. It has adversely affected the investments being made to develop flexible batteries by a number of manufacturers in the region. However, flexible batteries are being increasingly used in medical applications for recording the body temperature of the COVID-19 suspects, as well as of infected on a daily basis. This, in turn, is creating a significant demand for flexible batteries. The rise in research and development activities for the development of enhanced flexible batteries and the technology advancements in the medical and packaging sector of North America are also leading to the growth of the flexible battery market in this region.
Samsung SDI (South Korea), LG Chem (South Korea), Enfucell Oy Ltd. (Finland), Blue Spark Technologies (US), Apple, Inc. (US), Panasonic Corporation (Japan), Ultralife Corporation (US), BrightVolt (US), Imprint Energy (US), Energy Diagnostics (UK), Prologium Technology Co., Ltd. (Taiwan), Molex (US), PolyPlus Battery Company (US), ITEN SA (France), Jenax (South Korea), and Guangzhou Fullriver Battery New Technology Co., Ltd. (China), are key players operating in the flexible battery market.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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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Battery Management System Market | Leclanche (Switzerland) is largely involved in offering energy storage solutions

According to the new market research report "Battery Management System Market by Battery Type (Lithium Ion, Advanced Lead-acid), Topology (Centralized, Modular, Distributed), Type, Application (Automotive, UPS, Telecommunications, Renewable Energy Systems), and Geography - Global Forecast to 2024",the global battery management system market size is estimated to grow from USD 5.2 billion in 2019 to reach USD 12.6 billion by 2024, at a CAGR of 19.5%. The battery management system market is likely to exhibit lucrative growth potential during the forecast period. The growth of this market is expected to be driven by the growing trend of electric vehicles, increasing requirement of battery monitoring in renewable energy systems, and need for effective electric grid management. The market also has several opportunities that can be explored by existing and entry-level companies to expand businesses.

Europe to dominate battery management system market during forecast period

Europe dominated the battery management system market in 2018. Europe is home to a few major battery manufacturers such as Saft (France) and FIAMM (Italy). The automobile industry of Europe is an advanced industry with the leanest production processes where the use of water and energy is optimized. The demand for battery management systems is attributed to the presence of manufacturing facilities of major automotive manufacturers such as the BMW Group (Germany), Daimler (Germany), and Volkswagen (Germany).

Key Market Players

Leclanche (Switzerland), Lithium Balance (Denmark), Nuvation Engineering (US), Eberspaecher Vecture (Canada), Storage Battery Systems (US), and Johnson Matthey (UK), among others, are the major players operating in battery management system market.
Leclanche (Switzerland) is largely involved in offering energy storage solutions, mainly dealing with lithium-ion cell technology aiming for cleaner energy. The company offers specialty battery systems, stationary solutions, e-transport solutions and battery, and energy management systems. The company offers in-house battery management systems by partnering with a hardware company. The company is substantially involved in offering BMS technologies and suites of BMS software. The products offered by the company are either high voltage or low voltage battery management systems. These BMS are manufactured by the company as per the industry standards. All the BMS delivered by the company are either single board or master–slave architecture. These BMSs typically provide safety against conditions such as exceeding the voltage, current or temperature level, or short circuit issues that can affect the performance of battery as well as its life. The communication of these BMSs can occur through RS485 and CAN ports.
Lithium-ion battery type segment held largest share of battery management system market in 2018
The battery management system market, based on battery type, is led by the lithium-ion battery segment (in terms of size). Lithium-ion batteries are widely used in various industrial applications, such as automotive, medical devices, and UPS owing to their high energy and power density, lightweight, and low standby losses. Lithium-ion batteries with high energy density require battery management systems to ensure their efficient operation in electric vehicles, portable devices, renewable energy systems, and so on.  Moreover, the reduced cost of lithium-ion batteries and the high adoption of these batteries in applications such as electric vehicles, UPS, and renewable energy systems are expected to drive the market growth in the coming years.
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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Which are the emerging companies in the network monitoring market?

According to the new research report "Network monitoring Market by Offering (Equipment and Solutions & Services), Bandwidth (1 & 10 Gbps, 40 Gbps, 100 Gbps), Technology (Ethernet, Fiber Optic, and InfiniBand), End User (Enterprises, Telecom), and Geography - Global Forecast to 2023", 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 increasing number of enterprises with strict reliability requirements drives the need for network performance monitoring equipment. Also, the need for highly reliable, scalable network monitoring equipment for robust network monitoring capabilities to ensure smooth operations of mission-critical network infrastructure contributes to the growth of this market.
North America holds the largest market, and a similar trend is likely to continue owing to the increasing IT capacity requirements and rising adoption of new data center technologies. 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. The increasing government initiatives and investments from technologically developing countries, such as India, Japan, China, Singapore, and Australia, in APAC are driving the establishment of data centers in the region. Also, the increasing number of small and medium-sized enterprises and growing adoption of digital technologies further drive the demand for network monitoring. Moreover, the increasing penetration of the Internet and growing population of internet users in the region create a huge volume of data, which, in turn, drive the demand for cloud-based services.
Network monitoring helps companies in getting clear insights about their network traffic, bandwidth, and operational efficiency, and address all the major challenges such as reducing overall operational cost, identifying optimal routes for interconnecting, and providing accurate insights on the flow of information. However, several free network traffic tools are available in the market space with which network admin can monitor and analyze network traffic and operate the network infrastructure efficiently.
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 (US), Juniper Networks (US), Big Switch Networks (US), Zenoss (US), Network Critical (UK), Corvil (Ireland), CALIENT Technologies (US), Netgear (US), and Motadata (US) have also been profiled in the report.
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.
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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Logic Analyzer Market | Keysight Technologies (US), Fortive (US) and Rohde & Schwarz (Germany) are the Major Players

According to the new market research report "Logic Analyzer Market by Type (Modular Logic Analyzers, PC-Based Logic Analyzers), Channel Count (2-32, 32-80, >80), Vertical (Electronics & Semiconductor, Automotive & Transportation, Aerospace & Defense), and Geography - Global Forecast to 2024", The logic analyzer market is projected to be woth USD 387 million by 2024. The increasing demand for testing of power-efficient and high-performance portable electronic devices to avoid distortion of the its output signals, which could affect the performance of the entire systems, and increasing investment by players in electronics R&D to remain competitive in the market are factors driving the growth of the global logic analyzer market.

Key Market Players

Keysight Technologies (US), Fortive (US), Rohde & Schwarz (Germany), National Instruments (US), Yokogawa Electric (Japan), Teledyne (US), Advantest Corporation (Japan), ARM Limited (UK), GAO Tek (Canada), Rigol Technologies (China), Saleae, Inc (US), Good Will Instrument Co., Ltd. (Taiwan), Zeroplus Technology Co., Ltd (Taiwan),  Qingdao Hantek Electronic Co., Ltd. (China), NCI Logic Analyzers (US), Scientech Technologies Pvt. Ltd. (India), OWON Technology (China), IKALOGIC (France), Red Pitaya (Europe), and GSAS Micro Systems Pvt Ltd. (India) are leading companies operating in the logic analyzer market.
Keysight Technologies (US) is a spin-off of Agilent Technologies; it is one of the key players in the logic analyzer market and among the leaders in the field of wireless communications. The company has expertise in engineering different types of products and offering various services. It mainly focuses on manufacturing innovative products by carrying out extensive R&D activities to maintain its position in the market. In 2018, the company invested 15.65% of its total revenue in R&D activities.
Keysight develops different types of measurement devices. Its 13 R&D centers work toward bringing innovations in its products, which helps it meet the ever-changing requirements of its customers. For instance, in July 2018, the company launched Infiniium UXR series of oscilloscopes with industry-leading signal integrity. The company has a diversified geographic presence and generates revenue of ~36% from the US, 27% from China and Japan, and 37% from RoW. The R&D facilities and manufacturing sites of the company are located in California and Colorado in the US. It also has these facilities in China, Germany, India, Japan, Malaysia, Singapore, and Spain.
Fortive (US) designs and manufactures test, measurement, and monitoring solutions. R&D, manufacturing, sales, distribution, service, and administrative facilities of Fortive are located in over 40 countries across North America, APAC, Europe, and Latin America. The company has adopted the strategy of product launches and developments to strengthen its position in the test and measurement equipment market. For instance, its 6 Series MSO unveiled in July 2018 delivers industry-leading vertical resolutions for fast and highly spontaneous operations.
Rohde & Schwarz (Germany) develops, produces, and markets a wide range of electronic testing equipment, including logic analyzers, oscilloscopes, and spectrum analyzers, for various industries, infrastructure operators, and government customers. It has a presence in over 70 countries with strong sales and distribution networks around the globe. The company has the technical expertise and high brand value in the test and measurement equipment and mixed-signal oscilloscope (MSO) ecosystem. It has adopted strategies of product launch and developments, and collaborations to enhance its position in the logic analyzer market. In 2017, Rohde & Schwarz America and DA-Integrated collaborated with an aim to develop an on-wafer RFIC production test system for RF and millimeter-wave devices. In October 2018, Rohde & Schwarz and Spirent announced their collaboration for TC8 Automotive Ethernet testing. In February 2019, Rohde & Schwarz developed 16-bit HD mode standard for its R&S RTE, R&S RTO, and R&S RTP oscilloscopes.
Electronics & semiconductor to account for largest share of logic analyzer market by 2019
The electronics & semiconductor sector is expected to lead the logic analyzer market by 2019. Logic analyzer manufacturers have numerous opportunities in the electronics & semiconductor vertical, on the back of the staggering size of the market for TV sets, video games, computers, smart metering, and cell phones. At the same time, electronics manufacturing is a highly competitive industry with challenging standards for reliability and performance; this drives the growth of the market for this vertical.
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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Monday 29 June 2020

Shortwave Infrared (SWIR) Market | What are the emerging applications of SWIR?

The report "Shortwave Infrared (SWIR) Market with COVID-19 Impact Analysis by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security and Surveillance, Monitoring and Inspection, and Detection), Vertical (Industrial and Non-industrial), and Region - Global Forecast to 2025", is projected to grow from USD 177 million in 2020 to USD 279 million in 2025, at a CAGR of 9.6%. The growth can be attributed to the rising demand for line-scan SWIR cameras for machine vision applications, increasing penetration of SWIR cameras in the military & defense vertical, and growing adoption of SWIR cameras in commercial applications.

Line-scan SWIR, by scanning type, is expected to grow at the highest CAGR during the forecast period.

The SWIR market for line-scan SWIR technology is expected to grow at the highest CAGR during the forecast period. Line-scan SWIR technology enables users to see beyond the visible spectrum; this allows cameras based on SWIR technology to be used in night vision enhancement, moisture detection, solar cell inspection, camouflage detection, silicon wafer inspection, and surveillance applications.

Uncooled SWIR, by technology, is expected to have the largest market share during the forecast period.

Uncooled SWIR technology has fewer moving parts that tend to have much longer service lives than cooled systems under similar operating conditions. The maintenance of the uncooled SWIR technology is hassle-free owing to the absence of the cryocoolers, which create hurdles and are expensive to replace.  

Security & surveillance, by application, is expected to have the largest market share during the forecast period.

Round-the-clock surveillance in all weather conditions is a necessity for many military and emergency services. Intruders often try to disguise their movements using various methods of camouflage that adapt to the prevailing situations. They exploit atmospheric conditions, such as haze, fog, or sandstorms, and may even deploy smoke grenades. Haze and smoke are not barriers in the operation of SWIR detectors. Although the color content of the visible realm is uncaptured, SWIR images that are formed by light reflected by the objects observed can be interpreted as easily and directly as those in the visible realm.

Non-industrial vertical, by vertical, is expected to grow at the highest CAGR during the forecast period.

With an increasing demand from pharmaceuticals and medical industries, SWIR technology has seen a huge growth in applications such as scientific research and medical. SWIR technology is critical for every application mentioned and is widely used, which is expected to lead to the highest growth rate of the non-industrial vertical during the forecast period.
North America, by region, is expected to account for the largest market share during the forecast period
One of the major reasons for North America’s domination of the market is the presence of several prominent military & defense, scientific research, and medical players, which is generating demand for SWIR cameras. As North America is the largest producer of weapons and ancillaries, SWIR products are one of the important technologies being marketed. Moreover, several companies offering SWIR cameras are present in this region, which further adds to the growth of the SWIR market in North America.
A few key players operating in the North America SWIR market are Collins Aerospace (US), FLIR Systems (US), Xenics NV (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Hamamatsu Photonics K.K. (Japan), Photon etc. (Canada), and Teledyne Princeton Instruments (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.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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What are the impact of COVID-19 on the smart manufacturing market and its segments?

Post COVID-19, the "COVID-19 Impact on Smart Manufacturing Market by Enabling Technology (Condition Monitoring, Artificial Intelligence, IIoT, Digital Twin, Industrial 3D Printing), Information Technology (WMS, MES, PAM, HMI), Industry, and Region - Global Forecast to 2025" size is estimated to grow from USD 181.3 billion in 2020 and projected to reach USD  220.4  billion by 2025, at a CAGR of 4.0%. The estimation for 2020 is down by approximately 16% as compared to pre-COVID-19 evaluations. Factors that drive the growth of the smart manufacturing market include the increasing demand for smart manufacturing products & solution propelled by COVID-19, the importance of digital twin in maintaining operations within the manufacturing ecosystem, and the emerging & expanding role of collaborative robots in healthcare and manufacturing sectors.

COVID-19 Impact on Smart Manufacturing Market by Information Technology:

  • Human-Machine Interface
  • Enterprise Manufacturing Intelligence
  • Plant Asset Management
  • Manufacturing Execution System
  • Industrial Communication
  • Warehouse Management System

COVID-19 Impact on Smart Manufacturing Market by Enabling Technology:

  • Industrial 3D printing
  • Collaborative robot
  • IIOT
  • AI in manufacturing
  • Machine condition monitoring
  • Industrial machine vision
  • Industrial cybersecurity
  • Digital twin
  • Automated guided vehicle

COVID-19 Impact on Smart Manufacturing Market by Industry

  • Process Industry
    • Oil & Gas
    • Food & Beverages
    • Pharmaceuticals
    • Chemicals
    • Energy & Power
    • Metals & Mining
    • Pulp & Paper
    • Others
  • Discrete Industry
    • Automotive
    • Aerospace & Defense
    • Semiconductor & electronics
    • Medical Devices
    • Machine Manufacturing
    • Others

Geographic Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World (RoW)
The aviation industry is expected to be most impacted by the COVID-19 in smart manufacturing market in 2020
The global aviation industry is way ahead in terms of the adoption of smart manufacturing solutions than any other sector. Some of the important smart manufacturing solutions adopted in this industry for developing aircraft components include software simulators, remote monitoring solutions, virtual reality solutions, and AI-based supply chain management systems. However, due to the rapid spread of COVID-19, companies such as Boeing, Airbus, Bombardier, and Embraer have either stopped or reduced aircraft production. This has created an adverse impact on the demand for smart manufacturing solutions used in the aviation industry. The aerospace & defense sector is expected to witness negative Y-o-Y growth for 2020 owing to the supply chain disruptions and restriction on travel caused by lockdowns in several countries across the world.
Some of the companies involved in the development of smart manufacturing solutions include 3D Systems (US ), CISCO (US), General Electric (US), Honeywell (US), IBM (Europe), Mitsubishi Corporation (Japan), Schneider (Europe), Siemens (Europe), Oracle (US), SAP (Europe), Yokogawa (Japan) and Stratasys (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.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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Lithium-Ion Battery Market | Lithium Nickel Manganese Cobalt is expected to grow at a higher rate

According to the new market research report "Lithium-Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO), Power Capacity (0-3,000 mAh, 3,000 mAh-10,000 mAh, 10,000 mAh-60,000 mAh, above 60,000 mAh), Industry (Consumer Electronics, Automotive, Industrial), Voltage, Region – Global Forecast to 2025", is estimated to grow from USD 44.2 billion in 2020 to reach USD 94.4 billion by 2025 at a CAGR of 16.4%. The lithium-ion battery industry is likely to exhibit lucrative growth potential during the forecast period. Factors such as increasing demand for plug-in vehicles, growing need for automation & battery-operated material-handling equipment in industries, increasing 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.

"Market for Lithium Nickel Manganese Cobalt is expected to grow at a higher rate during the forecast period."

The energy density of NMC batteries is its primary strength. It achieves this energy density with excellent stability due to the use of an optimum ratio of nickel manganese and cobalt. It also has a good charge and discharge cycle. These features enable its application in industries such as automotive.
NMC is used in batteries of laptops, mobile phones, tablets, automotive, power tools, and electrical storage systems. It is lightweight and can better serve slimmer and lighter tablets and smartphones. This property will lead to the gradual replacement of LCO and NCA cathode materials in batteries of notebooks, mobile phones, and tablets.
NMC is also used in HEV, EV, and PHEV as it offers higher safety, along with other desired properties. These advantageous properties of NMC are expected to increase its market share in the next five years and ideally positioned it to be the best material available in this industry.
Lithium-ion battery market for power capacity range 3,000–10,000 mAH is expected to grow at the highest rate during the forecast period."
Lithium-ion batteries' heavy power capacity makes it useful in electric vehicles and industrial uses. The increasing market of consumer electronics and smartphones is driving the need for batteries with high power capacity that can keep the device running for long hours and, at the same time, giving an optimum experience of the device due to large screen and power back up service.
APAC held the largest size of the lithium-ion battery market during the forecast period
APAC held the largest size of the lithium-ion battery industry in 2018. APAC is home to a large number of semiconductor and electronics companies and the increasing trend to implement high power battery, and safety with low energy wastage are expected to open up new market opportunities for lithium-ion battery in APAC. China and India are the fastest-growing economies in the world.
Demand for lithium-ion batteries is very high in Asia Pacific owing to the ever-increasing population and its need for consumer electronics. The market in China is expected to grow mainly because of the huge number of lithium-ion battery manufacturing companies in China and Japan. A major share of lithium-ion batteries is manufactured in APAC—specifically in China, Japan, and South Korea.
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 Corporation (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).

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Which material would lead the power electronics market during the forecast period?

The global power electronics market size is projected to grow from USD 35.1 billion in 2020 to USD 44.2 billion by 2025, at a CAGR of 4.7%. The increasing focus on the use of renewable power sources across the globe, growing adoption of power electronics in the manufacturing of electric vehicles, and increasing use of power electronics in consumer electronics are the major factors driving the growth of the power electronics market.
Power ICs to hold the largest share of device types across the power electronics market
Power IC is used for the functioning of power management in various applications. Power IC is used in various devices, such as smartphones, tablets, smartwatches, TVs, and SSD, for power management applications. It combines multiple functions into a single device to reduce the component numbers and board space needed to easily and cost-effectively manage power in devices for the Internet of Things (IoT), consumer, medical, industrial, automotive, and many other applications. Increasing needs for power management in consumer devices to drive the growth of the market.
The market for SiC and GaN devices to grow at high CAGRs
Increasing interests of OEMs in adopting SiC devices for electric and hybrid vehicle manufacturing is expected to create growth opportunities for the power electronics market during the forecast period. They are also used in EV inverters, where they increase the efficiency of the system by up to 80% and help in reducing the global carbon footprint. SiC components exhibit increased reliability, greater efficiency, high operating temperature, reduced size, and high voltage capabilities, which make it the preferred material for various applications such as renewable energy generation mainly photovoltaics; electrified automobile systems including EV/HEV, trains, and buses; charging infrastructure; UPS; and motor drives
GaN offers similar performance as that of SiC but at a lower cost, as GaN devices can be fabricated on the silicon substrate, which is a cost-effective solution. GaN is used in applications such as PV, EV, UPS, wireless charging, and power supply. The rapid adoption of wireless chargers for consumer devices is expected to boost the growth of the gallium nitride-based semiconductor devices segment.
Automotive & Transportation vertical to grow at highest CAGR during the forecast period
The advent of electric and hybrid vehicle production has enhanced the demand for power electronic products to a great extent. Also, increasing concerns regarding environmental pollution and sustainable growth have increased government support in several countries to boost the production of electric vehicles, supported by incentives. This is expected to develop and expand the charging infrastructure and provide opportunities for the market. China is one of the largest markets for electric vehicles, and it has scaled up the production by implementing new policies and subsidies aimed at automobiles, particularly new energy vehicles. APAC to hold the highest market share for the power electronics market during the forecast period

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

APAC is likely to grow at the highest CAGR for the global power electronics industry from 2020–2025. APAC is expected to continue to hold the largest market size and expected to be the fastest-growing region in the power electronics market owing to the rapid development of consumer electronics products, which drives power IC market. Consumer electronics, industrial, and automotive are among important verticals in the APAC market
Renewable energy generation is one of the key revenue pockets for the power electronics market in APAC. Governments in multiple countries of the region are motivating the shift towards renewable energy generation, mainly photovoltaics or solar, in the form of various offers and subsidies. Fast-track adoption of electric vehicles across the region is also a prime factor driving the power electronics market growth. Various countries in APAC have set targets to increase the adoption of electric vehicles to reduce pollution levels. For instance, China raised its 2025 sales target for electrified cars; the country wants about 25% of new cars sold by 2025 to be electrified. The Japanese government has aimed to have all new cars sold in Japan to be electric or hybrid vehicles by 2050. Likewise, the Korean Government is aiming to achieve electrification of 33% of new vehicles by 2030. All these factors expected to drive the growth of the power electronics market in APAC.

Key Market Players

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

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Laser Processing Market | What are the opportunities for existing market players and those who are planning to enter the market?

The global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector.

“System revenue segment to hold larger share in laser processing market during forecast period”

The system revenue segment is projected to hold a larger share in the laser processing market during the forecast period. System revenue covers the revenue generated from the sales of several types of laser processing systems, such as systems for marking & engraving, welding & brazing, cutting & scribing, drilling, cladding & coating, annealing, material removal, and other multi-function laser processing systems.

“Hybrid configuration segment to hold largest share of laser processing industry during forecast period”

The hybrid configuration segment is projected to hold the largest share of the laser processing market during the forecast period. A hybrid system is more efficient than the moving beam system as it provides a constant beam delivery path length and allows a comparatively simpler beam delivery system. This is due to the presence of a movable table and a movable head in the hybrid system.

“Architecture end-user industry segment to grow at highest CAGR in laser processing market during forecast period”

The architecture end-user industry segment is expected to grow at the highest rate. Lasers help architects in creating precise models of buildings. These models are capable of accurately representing the design prior to construction, so that the necessary changes can be made to remove flaws or avoid the effect of climatic conditions, such as rain, heavy storms, and other unavoidable natural circumstances.

“Asia Pacific market to record significant growth during the forecast period.”

Asia Pacific (APAC) is projected to account for the largest share of the global laser processing market during the forecast period. The major countries contributing to the market in APAC include China, Japan, South Korea, and India. APAC has been ahead in terms of the adoption of laser processing solutions as compared with other regions. High population density, rise in R&D investments in technologies, and growth of the manufacturing and electronics sectors are expected to drive the growth of the market in the region.

Key Market Players

The laser processing market is currently dominated by Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), and Jenoptik (Germany). A few of the major strategies adopted by these players to compete in the laser processing industry include product launches & developments, expansions, partnerships, and mergers & acquisitions.
Other players operating in the market are Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US). These players have adopted strategies such as product developments & launches, mergers & acquisitions, expansions, partnerships, and collaborations to grow in the laser processing market.

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Friday 26 June 2020

Energy Efficient Motor Market | High purchasing price of super premium efficiency (IE4) motors

According to the new market research report on the "Energy Efficient Motor Market by Efficiency Level (IE1, IE2, IE3, and IE4), Type, Application (HVAC, Fans, Pumps, Compressors, Refrigeration, Material Handling, and Material Processing), Vertical, and Geography - Global Forecast to 2023", the energy-efficient motor market is projected to reach USD 41.6 billion by 2023 from USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors driving the growth of the energy-efficient motor market are energy savings and the subsequent cost over traditional motors, increasing governmental support worldwide towards the adoption of energy-efficient motors, rising need to reduce the greenhouse effect, and growing adoption of energy-efficient motors in the industrial sector.

High purchasing price of super premium efficiency (IE4) motors

The initial or the purchase prices of the energy efficient motors are higher than the ordinary motors. The higher price of the IE4 motors is due to the use of high-quality materials and optimization of assembly and design of these motors to achieve higher efficiencies. Large-diameter copper wires and more quantity of aluminum are used in rotors of these motors to reduce the resistance losses. An optimized cooling fan is also used to reduce the winding losses. The use of the high-quality, expensive materials increases the overall cost of this type of motors. The high purchase price is one of the major restraints as this refrains the small-scale manufacturers from adopting these motors in their plants. This is also expected to lead to the smallest share of the IE4 motors during the forecast period.
The research methodology used to estimate and forecast the energy efficient motor market begins with obtaining data through secondary research such as newsletters and whitepapers published by key associations (IEA, EEC, and IEEE) and leading players in this market. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which 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. The breakdown of the profiles of primaries has been depicted in the following figure.

Energy-efficient motor market to grow at the highest CAGR in the Asia Pacific during the forecast period

The Asia Pacific is projected to be the fastest-growing regions in the energy-efficient motor market by 2018, and grow at the highest CAGR during the forecast period. According to the Asian Development Bank (ADB), the share of the region to global energy consumption is expected to increase from 34% in 2010 to 56% by 2035. ADB has undertaken investments worth USD 970 million in energy efficiency projects, which are expected to help the Asia Pacific countries meet their national targets for energy efficiency and the reduction of greenhouse gas emissions by 2020.
The report profiles the key players in this market, such as ABB (Switzerland), Siemens (Germany), WEG (Brazil), GE (US), Schneider Electric (France), Nidec (Japan), Rockwell (US), CG (India), Bosch Rexroth (Germany), and Kirloskar Electric (India).
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Luminaires to record highest CAGR in LED light engine market

According to a new market research report "LED Light Engine Market by Product Type (Lamps and Luminaires), Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), and Geography - Forecast to 2024", is expected to be valued at USD 30.0 billion in 2019 and is anticipated to reach USD 59.5 billion by 2024 growing at a CAGR of 14.7% from 2019 to 2024. Rising demand for energy-saving lighting systems; development and modernization of infrastructure, for example, smart cities; availability of low price LEDs; the entrance of LEDs as light sources in general lighting; and accelerating growth of LED technology over conventional lighting technology are key factors influencing the market growth of LED light engines.

“Luminaires to dominate LED light engine market (in terms of value) during forecast period”

The luminaires subsegment is expected to dominate the market for LED light engines as it is the main component of an LED lighting system. Increasing consumer awareness about conserving energy and installing light systems with high energy efficiency is expected to boost the LED light engine market for luminaires. LED light engines come in various forms, such as linear, round, square and rectangular, depending upon the application. LED light engine is the core component of a luminaire.

“Indoor lighting to hold largest share of LED light engine market during forecast period”

In the LED light engine market, by end-use application, indoor lighting is expected to have a larger market share than outdoor lighting. The reason being increasing infrastructural activities across the globe, mainly focused on residential lighting. The market for residential buildings (major subsegment of indoor lighting) is expected to have a huge potential in the future. It is expected to witness a high growth rate. Countries across the globe are expected to implement energy-efficient lighting solutions in residential applications owing to government regulation for energy conservation.

“Luminaires to record highest CAGR in LED light engine market during forecast period”

The luminaire subsegment is expected to grow at the highest rate as it is the main component of an LED lighting system. Increasing consumer awareness about conserving energy and installing light systems with high energy efficiency is expected to boost the LED lighting market for luminaires.

“APAC to hold largest share in overall market for LED light engines during forecast period”

APAC is expected to be one of the fastest-growing markets for LED light engines during the forecast period. The high growth rate can be attributed to the undertaking of rapid infrastructure-building activities in the region. China and Japan are the major markets for LED light engines in APAC. China is already the largest producer and consumer of lighting fixtures and lamps in the world. Despite the recent slowdown in real estate, the market for LED lighting is expected to grow at a high rate mainly because of the increasing government expenditure on public infrastructure, and the continuing growth in commercial and industrial building constructions.
In 2018, the LED light engine market was dominated by key players, such as Signify Lighting NV (Netherlands), OSRAM Licht AG (Germany), GE lighting (US), Cree, Inc. (US), Hubbell Inc. (US), Zumtobel Group AG (Austria), Wipro Enterprises (P) Ltd. (India), Samsung Electronics (South Korea), LG Innotek (South Korea), Legrand SA (France), Glamox AS (Norway), Lutron Electronics Co., Inc. (US), among others.
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Current sensor market | Which countries are expected to witness significant growth?

According to the new market research report "Current Sensor Market by Type (1) (Closed Loop and Open Loop), Type (2) (Isolated and Non-Isolated Current Sensors), End User (Automotive, Healthcare, Energy, Consumer Electronics, Industrial, and Others), and Geography - Global Forecast to 2024", the current sensor market is expected to grow from USD 2.4 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 8.34% from 2019 to 2024. The growth of this market can be attributed to the high demand for current sensors from various industries such as energy, automotive, industrial, especially from APAC and North America.

Current Sensor Market, by Geography

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, France, Italy, and Rest of Europe)
  • APAC (China, Japan, India, South Korea and Rest of APAC)
  • RoW (South America, Middle East, and Africa)
APAC to hold largest share of current sensor market by 2019
APAC is expected to hold the largest share of the current sensor market by 2019. This growth is mainly attributed to the population growth and rapid urbanization in developing economies, such as China and Japan, which have accelerated the regional development and would in turn boost the demand for current sensors from several end users, such as industrial, energy, telecom and networking, and healthcare sectors, and automotive and consumer electronics industries. The countries considered in the region are China, India, Japan, Australia, and South Korea. Also, the rapid adoption of the renewable sources for power generation and electric vehicles in China is the major factor contributing to the growing current sensor market in APAC. China has the fastest adoption rate for new renewable energy sources. It also has the maximum number of new electric vehicles registered in the region. China and India were among the top 6 countries for the maximum installation of renewable energy in 2016, and China witnessed the growth of 78% in the registration of electric vehicles in 2017.

Key Market Players

Key players in the current sensor market include Asahi Kasei Microdevices (Japan), Melexis (Belgium), Allegro Microsystems (US), Siliocn Labs (US), LEM International (Switzerland), Sensitec (Germany), Koshin Electrin (Japan). Asahi Kasei Microdevices (Japan) is a leader in the current sensing industry. The company has shown consistent growth in the market by demonstrating capability to serve new markets, and its product launches and promotional activities have boosted its revenue growth.
Automotive industry to hold largest share of current sensor market by 2019
The automotive industry accounted for the largest share of the current sensor market in 2018. The growth of the market for the automotive segment is attributed to the high volume of current sensors being used in automotive vehicles worldwide. Further, this growth is also ascribed to the increasing number of electric vehicles and hybrid vehicles (EV and HEV). The growth of the electric vehicle industry is driven by the increasing adoption of hybrid and electric cars in China, Germany, the US, and other countries. China was the largest market for electric cars in 2018, with 380 thousand electric cars registered. The US is the second-largest market for electric cars with 190 thousand units registered.
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Delivery Robots Market | APAC countries such as Australia and Japan are currently involved in testing delivery robots

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.

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.
North America to hold a major share of the delivery robots market in 2018
Increasing demand for delivery robots in the retail industry and growing labor charges for last-mile deliveries, drive the delivery robots market growth in North America. Owing to various research programs supported by the government of North American countries, North America is expected to hold the largest share of the delivery robots market in 2018. It has invested millions of dollars in robotics research projects, most of which are defense-related projects. North America has been home to many delivery robot manufacturing companies, such as Robby Technologies (US) and BoxBot (US). Sophisticated and adequate street infrastructure, such as proper design and sufficient width of sidewalks and footpaths, helps companies in testing and operating delivery robots in this region.
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Thursday 25 June 2020

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

The report "5G Infrastructure Market by Communication Infrastructure (Small Cell & Macro Cell), Core Network (SDN & NFV), Network Architecture (Standalone & Non-standalone), Operational Frequency (Sub 6GHz & Above 6GHz), End User & Geography - Global Forecast to 2027", is valued at USD 784 million in 2019 and is projected to reach USD 47,775 million by 2027, at a CAGR of 67.1%. Lower latency in 5G, growing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic are among the major factors driving the 5G infrastructure market. Increasing M2M connections across various industries are also expected to drive the 5G infrastructure market growth during the forecast period.
Small cell for 5G infrastructure held the largest market share in 2019
The market growth of small cells is attributed to low-power wireless access points that provide better quality cellular coverage and capacity for homes, enterprises, metropolitan public spaces, and rural public spaces. In the 5G network, customers expect high speed of data communication with high reliability, which acts as one of the major challenges for network operators. To overall come this challenge, network operators look forward to deploying small cells on a large scale as an alternative to address the need for high speed and highly reliable data communication.
Network function virtualization to grow at higher CAGR in 5G infrastructure market during forecast period
The NFV is designed in such a way that a network operator can quickly implement different network functions via software that can be run on standard server hardware and can be easily shifted or installed in various locations in the network as per requirement without the need to install new hardware equipment. In other words, the network provider will no longer need to procure dedicated or application-specific hardware devices to build, add, or to offer new services. These factors are expected to fuel the growth of NFV in the coming years.
Above 6 GHz to witness fastest growth in 5G infrastructure market in coming years
Above 6 GHz frequencies such as 26 GHz and 28 GHz bands have strong momentum. As they are adjacent, they tend to support spectrum harmonization, and thus reduce handset complexity, economies of scale, and early equipment availability. Governments and regulators must realize the potential of 5G for new mobile bands above 24 GHz. The significant availability of harmonized 5G spectrum in these bands is essential to enable fast 5G speeds, low cost devices, international roaming, and minimize cross border interference.
APAC to witness highest CAGR in 5G Infrastructure market during forecast period
This high growth in APAC is attributed to the adoption of new technologies and advancements in organizations across various industries. 5G network would play an integral role in advanced technologies such as IoT and machine-to-machine communication (M2M), as well as in smart cities and industrial automation. Also, the 5G infrastructure market has huge opportunities in smart cities. Various countries in Asia have either initialized the implementation of smart city projects or are in the planning phase.
The major players in the 5G infrastructure market are Huawei (China), Ericsson (Sweden), Samsung (South Korea), Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (US), CommScope (US), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel), and Mavenir (US).
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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Market for IIoT to hold major share of smart manufacturing market in 2025

The report "Smart Manufacturing Market by Enabling Technology (Condition Monitoring, Artificial Intelligence, IIoT, Digital Twin, Industrial 3D Printing), Information Technology (WMS, MES, PAM, HMI), Industry, and Region - Global Forecast to 2025", is expected to be worth USD 214.7 billion in 2020 and USD 384.8 billion by 2025, growing at a CAGR of 12.4% from 2020 to 2025. Factors that drive the growth of the market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, rising emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost.

Market for IIoT to hold major share of smart manufacturing market in 2025

IIoT is expected to hold the largest share of the market, by enabling technology, in 2025. Various technologies are using IIoT to improve the functioning of the processes. These devices & technologies comprise sensors, RFID, industrial robotics, distributed control systems, condition monitoring, smart meter, electronic shelf label, cameras, smart beacon, interface board, yield monitor, guidance and steering, GPS/GNSS, flow and application control devices, and networking technology. The use of IIoT in these devices & technologies helps in analyzing the data collected via various devices and enables effective decision making.
Energy & power industry to hold largest size of smart manufacturing market in 2025
Technological advances in developing markets such as India, China, Brazil, and the Middle East are likely to create significant opportunities for automation in these markets. As a result, a number of smart manufacturing solution providers have targeted this industrial sector. The power industry is growing rapidly because of the globally rising demand for energy. This results in high pressure on power-manufacturing companies to deliver cheap and reliable energy. Also, it becomes necessary for power-manufacturing companies to utilize available resources efficiently, reduce maintenance costs, and further enhance plant performance. Moreover, PAM and HMI solutions help power plant owners, operators, and original equipment manufacturers (OEMs) make improved business decisions regarding the performance and operational readiness of their assets.
Smart manufacturing market in APAC to grow at highest CAGR from 2020 to 2025
The smart manufacturing market in APAC is expected to grow at the highest CAGR globally from 2020 to 2025. China is one of the fastest-growing economies in the world and a global manufacturing hub for semiconductor and automotive industries. This is leading to the increasing adoption of advanced manufacturing technologies such as HMI, MES, AI, condition monitoring, AGV, and WMS. Smart manufacturing technologies are used in these industries to enhance the overall performance of manufacturing plants and improve production output. In addition, the growing economy and technological developments in various industries encourage the application of these technologies for monitoring and controlling production processes.
A few other companies involved in the development of smart manufacturing solutions include 3D Systems (US ), CISCO (US), General Electric (US), Honeywell (US), IBM (Europe), Mitsubishi Corporation (Japan), Schneider (Europe), Siemens (Europe), Oracle (US), SAP (Europe), Yokogawa (Japan) and Stratasys (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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Shortwave Infrared (SWIR) Market | Non-industrial vertical, by vertical, is expected to grow at the highest CAGR

The report "Shortwave Infrared (SWIR) Market with COVID-19 Impact Analysis by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security and Surveillance, Monitoring and Inspection, and Detection), Vertical (Industrial and Non-industrial), and Region - Global Forecast to 2025", is projected to grow from USD 177 million in 2020 to USD 279 million in 2025, at a CAGR of 9.6%. The growth can be attributed to the rising demand for line-scan SWIR cameras for machine vision applications, increasing penetration of SWIR cameras in the military & defense vertical, and growing adoption of SWIR cameras in commercial applications.

Non-industrial vertical, by vertical, is expected to grow at the highest CAGR during the forecast period.

With an increasing demand from pharmaceuticals and medical industries, SWIR technology has seen a huge growth in applications such as scientific research and medical. SWIR technology is critical for every application mentioned and is widely used, which is expected to lead to the highest growth rate of the non-industrial vertical during the forecast period.

APAC, by region, is expected to grow at the highest CAGR during the forecast period.

APAC is set to witness the highest growth rate during the forecast period due to the numerous manufacturing capabilities of the region. The demand for SWIR technology is increasing in daily manufacturing operations and for reducing the manufacturing costs of products. SWIR detectors are used in the manufacturing process of electronics, food & beverage, and glass and security & surveillance. Considering the tensions between India, Pakistan, and China, the demand for SWIR technology is rising from the military & defense sector of these countries for installations at borders for monitoring and security applications.
North America, by region, is expected to account for the largest market share during the forecast period
One of the major reasons for North America’s domination of the market is the presence of several prominent military & defense, scientific research, and medical players, which is generating demand for SWIR cameras. As North America is the largest producer of weapons and ancillaries, SWIR products are one of the important technologies being marketed. Moreover, several companies offering SWIR cameras are present in this region, which further adds to the growth of the SWIR market in North America.
A few key players operating in the North America SWIR market are Collins Aerospace (US), FLIR Systems (US), Xenics NV (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Hamamatsu Photonics K.K. (Japan), Photon etc. (Canada), and Teledyne Princeton Instruments (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.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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USA : 1-888-600-6441
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