Amazon.com, Inc (US) Top Company in Smart Display Market

 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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Key Market Players

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 among the few players in the smart display market.

Amazon has deep roots in electronics and other general merchandise through its e-commerce platform. This reflects the company’s geographic reach and distribution channels. In the smart display market, the company relies on its marketing strategy to increase its market share for Amazon Echo Show. The company is known for its service and product reliability, which is an advantage going forward in the market. With the success of its smart speakers—Echo Series, the company expects high growth from Echo Show due to scope for wider acceptability considering the interoperability with other display devices present in the market.

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 the 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.

“Smart home display market to grow at highest CAGR from 2018 to 2025”

The smart home display market is expected to grow at the highest CAGR during the forecast period (2018—2025). The growth in this segment is expected to happen rapidly in 2018, 2019, and 2020. There are 2 major types of smart home display devices that are currently commercialized—voice-controlled display/assistant smart display and smart appliance display. Being a consumer device, higher growth in voice-controlled smart displays is estimated in the next 3 years considering the trends of smart speakers in the last 3 years. Whereas, the majority of growth in the smart appliance display system market is expected to happen from refrigerators during the forecast period.

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

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

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key players operating in the flexible battery market

 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.

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The flexible battery market in APAC is projected to grow at the highest CAGR during the forecast period.

Continuously increasing demand for IoT-enabled devices and portable consumer electronics in countries such as China, Japan, and South Korea is driving the growth of the flexible battery market in APAC. South Korea is home to companies such as LG Chem and Samsung SDI who have developed curved and flexible batteries to power their products such as smartphones, smart glasses, and wearable devices. In APAC, the popularity of smart packaging is continuously increasing, thereby driving the requirement of integrating flexible batteries with smart packaging.

The consumer electronics industry in China is also witnessing a decline in its production owing to the outbreak of COVID-19. The global prices of consumer electronics could rise in the coming months owing to the partial clamp down on manufacturing facilities in China. This, in turn, is expected to result in a shortage in the supply of components such as batteries required for consumer electronics, thereby negatively impacting the growth of the flexible battery market in 2020.

Key Market Players

Samsung SDI (South Korea), LG Chem (South Korea), Enfucell Oy Ltd. (Finland), Blue Spark Technologies (US), Apple, Inc. (US), Panasonic (Japan), Ultralife Corporation (US), BrightVolt (US), Imprint Energy (US), Energy Diagnostics (UK), and Jenax (South Korea) are key players operating in the flexible battery market.

Samsung SDI (US) is one of the global leaders in flexible battery technology. It seeks to expand its market presence and create a progressive future through technological developments. The company has launched 2 innovative series of small-sized lithium-ion batteries—band batteries and strip batteries— for use in wearable devices. These batteries bend like fiber. The band batteries are designed to add as much as 50% to the original battery life of devices. The strip batteries are designed with a depth of 0.3mm and can be used in wearable devices such as smart necklaces and interactive clothing designs. Samsung SDI has operations in countries such as South Korea, Malaysia, China, Mexico, Vietnam, Austria, Russia, the US, India, Taiwan, and Japan.

The demand for flexible batteries of above 100 mAh capacity is expected to increase significantly during the forecast period.

Flexible batteries with a capacity of above 100 mAh are designed for products and devices with high-energy requirements and long shelf life. These batteries are used in consumer electronics and energy harvesting systems as these systems require power sources to improve their functionalities. Flexible batteries with this capacity range are expected to be adopted significantly in numerous applications in the future.

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.

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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Detail Analysis of Geographic Information System (GIS) Market: Region, Countries and Top Companies- Trimble (US) and Pitney Bowes (US)

 According to the new market research report on the "Geographic Information System (GIS) Market by Offering (Hardware (GIS Collector, Total Station, LiDAR), Software, Services), Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service), Industry, Region - Global Forecast to 2025", the global geographic information systems (GIS) market size is expected to grow from USD 8.1 billion in 2020 to USD 14.5 billion by 2025 at a CAGR of 12.4% from 2020 to 2025. A few key factors driving the growth of this market include the development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and the adoption of GIS solutions in the transportation sector.

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“APAC to be the fastest-growing region in the geographic information system market during the forecast period”

APAC is expected to be the fastest-growing region in the global GIS market. With the increasing infrastructural growth in various countries in the region, GIS is expected to be used for smart city planning and urban development programs.

China is investing heavily in infrastructure development and urban area planning. This investment in the construction industry would boost the market for geospatial surveying technologies such as GNSS receivers and GIS collectors. The growth of the construction industry in Japan is creating opportunities for the GIS market in construction processes. With the emerging urban sector in India, there has been a considerable demand for geospatial technologies that can support various types of urban development projects.

Key Market Players

Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Autodesk Inc. (US), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co. Ltd. (China), Bentley Systems Inc. (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), SuperMap Software Co. (China), Harris Corporation (US), and Maxar Technologies Inc. (US) are among a few major players in the geographic information system market.

Trimble (US) is one of the key players in the GIS market, with operations in all the major geographic regions. It is also a leading provider of location-based solutions, including 3D scanners and software solutions. Product launches and acquisitions are the major strategies adopted by the company to compete in the market. It has launched several new GIS solutions in the fiscal year 2018–2019; the company continuously focuses on the development of advanced technologies and product enhancement. The company has acquired two major businesses providing products and services that are in sync with its geospatial and surveying solutions. The company caters to a variety of end-users, including agriculture, construction, natural resources, utilities, government, and transportation and logistics.

Pitney Bowes (US) is a leading provider of customer information management, location intelligence, shipping and mailing, and e-commerce solutions. The company has an extensive geographic presence across regions, such as North America, Europe, APAC, Africa, and the Middle East. It invests lesser in R&D compared with other players in the market. The company focuses on alliances and partnerships with strategic companies to grow 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.

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Industrial Valves Market: Globe valves to account for the largest market share during the forecast period

 The report "Industrial Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Function (On-off/Isolation, Control), Material, Type, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region - Global Forecast to 2025", size was valued at USD 48.1 billion in 2020 and is projected to reach USD 85.7 billion by 2025. It is expected to grow at a CAGR of 12.3% during the forecast period. Increasing demand for valves from the pharmaceuticals industry due to the outbreak of the COVID-19 pandemic, growing focus on the development of smart cities globally, rising need for connected networks to maintain and monitor industrial equipment, and surging requirement for establishing new nuclear power plants and revamping existing ones are the key driving factors for the industrial valves market.

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Globe valves to account for the largest market share during the forecast period

Globe valves are among the most popular valves used to control the flow in a pipeline, and they regulate by the position of a movable disk in relation to the stationary ring seat. The major advantage of the globe valve is that it does not leak as much as other valves. Owing to various benefits such as better full-closing characteristics, shorter opening and closing time, positive shut-off, these valves are adopted across various industries. They can also be used as stop check valves.

Oil & gas accounted for the largest share of the industrial valves market in 2019

The oil & gas industry accounted for the largest share of the industrial valves market in 2019 owing to the growing transportation sector, increasing energy demand, and rising drilling activities in the Gulf Cooperation Council (GCC) countries. However, at present, the world is facing an economic crisis due to the outbreak of the COVID-19 pandemic. The onset of this epidemic has affected the oil & gas industry badly, with oil prices slashing like never before. Similarly, on the one side, major oil-producing companies are running out of space to store extracted oil. On the other side, the oil demand has declined drastically, which has created a huge demand-supply gap. Oil & gas is one of the key industries for industrial valves, but the pandemic has adversely affected the industrial valves market in 2020 to a greater extent.

North America to account for the largest share of the industrial valves market by 2025

North America is a large consumer and a producer of natural gas, and the market in this region is dominated by the US supply and demand dynamics. The US was the world’s largest producer and consumer of natural gas in 2019. This factor, along with the shale gas boom in North America, contributed to the significant growth of the oil & gas industry in the region until 2019. However, right from the beginning of 2020, the entire world has been strongly hit by the COVID-19 pandemic, a health and an economic crisis. The US is among the most affected countries in the world. The COVID-19 pandemic has plummeted the oil demand drastically. The Energy Information Administration (EIA) reported that the global oil demand was 11.4 million b/d, lower in March 2020 than the annual average in 2019. It further forecasts the demand to be 17.1 million b/d, lower in April 2020. For the year, the EIA estimates that the demand will be 95.5 million b/d (5.2% lower than that in 2019). This is anticipated to be the largest drop since the EIA began keeping records. This drop in demand is likely to have an adverse impact on the growth of the industrial valves market in 2020.

A few of the key players in the industrial valves market are Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI Plc. (UK), Metso (Europe), Spirax Sarco (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (UK), and BRAY International (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 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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Laser cleaning market segmented on the basis of laser type, application, and geography

 The report "Laser Cleaning Market by Type (Solid and Gas), Conservation & Restoration (Art and Heritage Restoration, Infrastructure), Cleaning Process (Automotive, Aerospace), and Industrial Usage (Nuclear Plant, Refineries), and Geography - Global Forecast to 2023", The laser cleaning market is expected to grow from USD 588.8 Million in 2018 to USD 723.9 Million by 2023, at a CAGR of 4.22% between 2018 and 2023. The preference toward laser cleaning over traditional approach and the increasing demand for laser cleaning in various applications such as conservation and restoration, cleaning process, and industrial usage are propelling the market growth. Laser cleaning provides many advantages such as chemical, thermochemical, thermal, grinding, and blasting over traditional methods and can even improve the production process in general.

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Scope of the Report:

The research report segments the laser cleaning market into the following submarkets:

Laser Cleaning Market, by Laser Type

• Gas laser
• Solid laser

Laser Cleaning Market, by Application

• Conservation and Restoration
• Cleaning Process
• Industrial Usage

Laser Cleaning Market, by Region

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

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

Among laser type, solid lasers are expected to lead the overall laser cleaning market because of the higher CAGR during the forecast period. The solid laser segment includes YAG and fiber lasers. The market is dominated by the YAG laser segment as YAG lasers (Nd:YAG, flash-pumped Q-switched Nd:YAG, arc-lamp pumped Q-switched Nd: YAG, and diode-pumped Q-switched Nd:YAG) are extensively used for cleaning and for other material processing applications. In the precision mechanical industry, YAG lasers play a crucial role to clean parts that have grease and mineral oils applied as lubricants or as anti-corrosives. The laser cleaning method reduces the residual contamination to practically zero level.

North America is accounted for the largest share of the laser cleaning market in 2018, followed by Europe and Asia Pacific (APAC). There is an increase in the demand for gas lasers in North America owing to the establishment of the manufacturing sector in the region. Laser cleaning systems are mainly used for the conservation and restoration of antique items and in automotive and aerospace industries and power plants. The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth of the laser cleaning market in APAC is also driven by the rising infrastructure market in the region.

APAC expected to hold the highest growth rate in the overall laser cleaning market

The laser cleaning market, on the basis of region, has been segmented into North America, Europe, APAC, and RoW. North America is accounted for the largest share of the laser cleaning market in 2018, followed by Europe and Asia Pacific (APAC). The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth in the market for laser cleaning in APAC is also driven by the soaring infrastructure market in the region. APAC, comprising countries such as China, Japan, India, and South Korea, is likely to account for a major share of the laser cleaning market in 2018. This market growth can be attributed to the increasing demand for lasers in cleaning of cultural sites and heritage properties, along with the industrial applications (power plants, nuclear plants, and refineries) in APAC.

Major players in the laser cleaning market include Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC (Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme) (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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

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What are the opportunities for new market entrants in Geotechnical Instrumentation and Monitoring Market ?

 According to the new market research report "Geotechnical Instrumentation and Monitoring Market with Covid-19 Impact Analysis by Offering (Hardware & Software, and Services), Networking Technology (Wired, Wireless), Structure, Application, End User, and Geography - Global Forecast to 2025", The GTIM market is projected to reach USD 4.5 billion by 2025 from USD 2.9 billion in 2020; it is expected to grow at a CAGR of 9.2% from 2020 to 2025. Major drivers for the growth of the market are significant rise in infrastructure investments across various countries, use of geotechnical instrumentation to prevent failure of geotechnical structures and loss of lives, stringent government regulations to make structures more sustainable and safer, and growing awareness about benefits of GTIM tools. Opportunities in APAC and GCC countries, and investments in oil & gas and major energy projects is creating ample growth opportunities in the market.

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Currently, the investments in oil & gas and major energy projects is increasing. Major energy companies have started investing in new oil & gas infrastructure projects. However, the US pulled itself out of the Iran nuclear deal and reinstated all Iran-related sanctions. In addition, a few of the developed countries, such as the US and France, have begun to report slower economic growth for the third quarter of 2018 as well as due to COVID-19 in 2020, the oil prices dropped and pushed other countries to invest in mega oil & gas projects.

Wirelss Networking technology segment to grow at a higher CAGR during the forecast period.

Wireless segment is expected to grow at a higher rate. The major advantages of geotechnical instruments are durability, economical pricing, and precise sensing. Wireless instruments have the great potential to expand their use in geotechnical engineering. The key idea behind the efficient performance of wireless instruments in critical structures, such as mines, is to connect all monitoring instruments to wireless systems and technologies that enable data to be collected and processed centrally.

The GTIM market in Americas projected to hold the largest share in 2025.

The GTIM market in the Americas is expected to grow at a significant rate owing to an increase in investments in infrastructural projects in the region. For instance, from 2009 to 2017, the US federal government and local government spent about USD 440 billion on infrastructure. In addition, countries such as the US and Canada are increasingly adopting geotechnical instrumentation and monitoring tools to ensure the safety and security of structures and their people.

Additionally, in the Americas, both government and private sectors are aggressively involved in large-scale infrastructure projects. For example, the Nevada Department of Transportation (NDOT) has constructed a 4-lane concrete interstate freeway between Silverline Road and Foothill Drive in Henderson. The government spent USD 83 million in this project. This is one of the many projects in the region. Such new infrastructure projects would upsurge the demand for geotechnical instrumentation and monitoring tools. Therefore, the rapid development of new infrastructures in the Americas is one of the major driving factors for the market growth in this region.

Fugro (Netherlands), Keller Group plc. (UK), Nova Metrix LLC (US), Geocomp Corporation (US), GEOKON (US), Sisgeo S.r.l (Italy), COWI A/S (Denmark), RST Instruments Ltd. (Canada), James Fisher and Sons plc (UK), and Deep Excavation LLC (US)are a few major players in the GTIM market.

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

About MarketsandMarkets™

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
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North America is projected to hold largest share of embedded display market in 2025

 The report "Embedded Display Market with COVID-19 Impact Analysis by Technology (LCD, LED, OLED, and Others), Type, Device, Application (Automobile Displays, Fitness Devices and Wearables, Home Automation and HVAC Systems), Region - Global Forecast to 2025", will grow to USD 24.4 billion by 2025 (forecast year) from USD 17.7 in 2020 (estimated year), at a CAGR of 6.9% between 2020 to 2025. The key drivers fueling the growth of this market include the advancements in embedded display interface technologies and accelerated adoption of automation in different industries owing to COVID-19. Moreover, the increased demand for interactive displays and digital signage across the globe play a key role in driving the growth of the embedded display market.

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Fixed devices to account for largest market share of embedded display in 2025

Fixed devices are expected to be the largest market for embedded displays by value and volume in 2025, by device. These devices have short time-to-market, offer ease of integration, are affordable, provide high scalability, have long product life, are safe and secure, offer wide operating temperatures, provide improved connectivity, and have better contrast and pixel resolution than portable embedded display devices. The integration of several multi-touch display screens with large-screen fixed display systems is expected to contribute to the growth of the fixed devices segment of the embedded display market in coming years.

Automobile displays segment is expected to witness largest market share in 2020

The automobile displays segment is expected to register largest market share in 2020, by application. TThe continuously increasing demand for advanced technologies from consumers that enhance their driving experience and ensure their safety has led to the adoption of ADAS and in-vehicle navigation and safety systems. These include collision avoidance systems, night-viewing systems, and backup cameras. All these systems require embedded displays for indicating their various operating modes. Developments related to in-plane switching technology have led to the adoption of displays, which offer wide viewing angles, in automobiles. A number of future luxurious vehicles being developed are expected to feature multi-display cockpit systems equipped with OLED and QLED displays to stream media, carry out vehicle diagnostics, and offer real-time information. These developments are expected to drive the growth of the embedded display market for automobile displays.

North America is projected to hold largest share of embedded display market in 2025

North America is expected to hold the largest share of the embedded display market in 2025. The rise in demand for automation of manufacturing and assembling, as well as supply chain operations in various industries, is expected to fuel the adoption of smart systems equipped with embedded displays in different applications. The growth of the embedded display market in North America can also be attributed to the rising demand for smart homes and smart buildings leading to the development of smart cities in the region. Various initiatives undertaken by governments of different countries of the region have further accelerated the development of smart cities in North America. These developments are further expected to drive the demand for home automation devices. All these developments would spur the market growth of embedded displays in North America.

Avnet, Inc., Ansys, Emerging Display Technologies (EDT), Winstar Display, Alita, Green Hills Software (GHS), Microsoft, Planar Systems, Intel, and Anders Electronics are the key players in the global embedded display market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, collaborations, and acquisitions to increase their market share.

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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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GPON market for the mobile backhaul application expected to grow at the highest CAGR

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

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Browse 71 market data Tables and 48 Figures spread through 147 Pages and in-depth TOC on "GPON Market - Global Forecast To 2025"
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“Optical network terminal (ONT) to lead the GPON market during the forecast period.”

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

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

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

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

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

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

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

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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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Micromachining Market by Type (Traditional, Non-traditional, Hybrid)- Global Forecast to 2025

 According to the new market research report on the "Micromachining Market by Type (Traditional, Non-traditional, Hybrid), Process (Additive, Subtractive, Others), Axis (3 axes, 4 axes, 5 axes), Industry (Automotive, Aerospace & Defense), and Geography - Global Forecast to 2025", The global micromachining market size is projected to reach USD 3.3 billion by 2025 from USD 2.4 billion in 2020, at a CAGR of 6.2%. The growth of this market can be attributed to the increasing preference for laser-based micromachining over traditional processes and increasing demand for miniaturization of microelectronic devices.

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Non-traditional micromachining segment to grow at the highest CAGR during the forecast period

Non-traditional micromachining consists of sub-types such as electrochemical micromachining, electrical discharge micromachining, ultrasonic micromachining, and laser micromachining. Laser micromachining and ultrasonic micromachining are some of the dominant sub-types of micromachining that offer ease of use, precision, and extensive usage in various industries. These advantages of laser and ultrasonic micromachining drives the market for non-traditional type micromachining.

Additive process of micromachining market to hold the highest growth rate during the forecast period

Additive machining or manufacturing is also known as 3D printing. The additive micromachining consists of surface micromachining which is further sub-segmented into chemical vapor deposition (CVD), electrodeposition, epitaxy, and physical vapor deposition (PVD).

With the increasing use of 3D printing for micromachining in industries such as medical & aesthetics, and semiconductor & electronics as it offers application flexibility and mass production of customized equipment heralds the highest growth rate of the additive process in micromachining market.

5-axes micromachining to witness the highest growth rate during the forecast period

5-axes micromachining is used in highly specialized industries for its precision. The application of the 5-axes is prominent in manufacturing medical components, automotive, military-grade products, petrochemical industry parts, and aerospace components. The addition of the 5th axis in the micromachining system increases the potential applications of the machine. Improved precision requires less movement of the material for micromachining, which drives the growth rate of the 5-axes micromachining market.

“APAC to be the largest market for micromachining during the forecast period.”

APAC is anticipated to be the fastest-growing region for micromachining due to technological innovations and adoption of the micromachining in the automotive and medical & aesthetics. Emerging economies in APAC are growing significantly in the micromachining market. The market in this region is led by China, India, and Japan, among others.

The APAC region is a promising and emerging market for micromachining owing to factors such as growing economies and booming automotive and manufacturing industries. A few leading micromachining manufacturing companies are from Japan, such as Makino, which offer innovative micromachining across different sectors.

Major players operating in the global micromachining market are Coherent, Inc. (US), Georg Fischer Ltd. (Switzerland), Makino Milling Machine Co., Ltd. (Japan), Lumentum Holdings Inc. (US), Mitsubishi Heavy Industries, Ltd (Japan), DATRON Dynamics, Inc. (US), Han’s Laser Technology Industry Group Co., Ltd (China), Electro Scientific Industries, Inc. (US), IPG Photonics Corporation (US), and Heraeus Holding GmbH (Germany), among others. Other companies include OMAX CORP. (US), 3D Micromac (Germany), Lasea (Belgium), Posalux SA (Switzerland), SCANLAB GmbH (Germany), Tornos S. A. (Switzerland), Swisstec 3D Akus AG (Switzerland), Kugler GmbH (Germany), and GFH GmbH (Germany), among others.

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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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Lithium Ion Battery Market: What are the factors responsible for the growth?

 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.

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The growth of this market is likely to be driven by the excellent features of li-ion batteries, increasing adoption of consumer electronics, and growing R&D initiatives by different organizations & battery manufacturers. Moreover, an increase in demand for plug-in vehicles, rising demand for automation and battery-operated material-handling equipment industries, propelling demand for smart devices and other industrial goods, and high rerquirement of ithium-ion batteries fir industrial applications are other key driving factors.

APAC to dominate the lithium-ion battery industry during the forecast period

APAC dominated the global lithium-ion battery market in 2019. The market mainly comprises China and India, which have considerable potential for many application areas for lithium-ion batteries. China being a global automotive manufacturing hub, holds immense potential for the growth of the lithium-ion battery industry. An increase in the production of electric vehicles and lithium-ion batteries used in vehicles is driving the market in China.

Furthermore, China is also one of the world's leading producers of electronic devices. This is expected to drive the market across multiple applications in China. Also, the presence of several electronic manufacturers such as Panasonic (Japan), Sony Corp. (Japan), Samsung SDI (South Korea), and LG Electronics (South Korea) in the region is one of the key factors driving the market for lithium-ion batteries.

Europe accounted for the second-largest share of the global market in 2019. Presence and active association in Europe, such as the Association of European Automotive Industrial Battery Manufacturers and PRBA is supporting the use of lithium-ion battery in different applications in safe mode by their set standards and certification. Extensive investments in the R&D of battery production and well-established automotive sector in Germany, high adoption of electric vehicles in developed countries, and investments by governments for increasing the battery production are the key factors driving the lithium-ion battery market in this region.

Key Market Players

Some major companies operating in the global lithium-ion battery market are BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa 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).

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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Non-dispersive Infrared (NDIR) Market expected to be worth $535 million by 2025

 According to MarketsandMarkets "Non-dispersive Infrared (NDIR) Market with COVID-19 Impact Analysis by Gas Type (Carbon dioxide, hydrocarbons), Application (Monitoring, HVAC, Detection and Analysis), Vertical (Industrial & Manufacturing, Oil & Gas), and Region - Global Forecast to 2025", The NDIR size is projected to reach USD 535 million by 2025 from an estimated USD 379 million in 2020, at a CAGR of 7.2% from 2020 to 2025.

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Increasing demand for NDIR CO2 sensors in the food processing & storage industry and growing focus on worker safety across industries are among the factors driving the growth of the NDIR market.

Carbon dioxide segment to projected to register the highest CAGR between 2020 to 2025

The carbon dioxide is a prime gas in the environment and is closely related to the daily life functions and activities of humans. The concentration of carbon dioxide compared to other gases is more in the environment. It is also responsible for increased global warming. Thus, it is important to monitor the CO2 levels in the atmosphere to protect the environment, and human, and animal life. Thus, the NDIR CO2 sensors and modules segment is projected to grow at the highest CAGR during the forecast period.

By application, monitoring applications is projected to grow at the highest CAGR during the forecast period

The monitoring applications is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to the rising demand for highly accurate, small size, simple design, reliable, and pocket-friendly NDIR sensors and modules in different industries to monitor indoor and outdoor air quality.

By vertical, the medical segment is projected to grow at the highest CAGR during the forecast period

The medical segment is expected to capture the highest CAGR during the forecast period. The demand for NDIR solutions in this sector is primarily driven by the surging demand for anesthesia machines, patient monitoring systems, respiratory monitoring, and HVAC systems. This factor is likely to drive the growth of the market during the forecast period as well.

By region, the APAC NDIR market estimated to grow at the highest CAGR throughout the forecast period

In 2019, APAC held the largest share of the NDIR market. The market in the region is expected to grow at the highest CAGR from 2020 to 2025. The growth of the NDIR market in APAC can be attributed to the growing population in countries of APAC. The region houses some of the world’s highly populated countries, including Chain and India. These countries are witnessing growth in smart city projects and sales of NDIR sensors and modules. This, in turn, drives the growth of the NDIR market in APAC.

Amphenol (US), Honeywell International Inc. (US), Senseair AB (Sweden), S+S Regeltechnik GmbH (Italy), Dynament (UK), MIPEX TECHNOLOGY (Russia), Gas Sensing Solutions (UK), Nano Environmental Technology S.r.l. (N.E.T.) (Italy), Zhengzhou Winsen Electronics Technology Co., Ltd. (China), and ELT Sensor Corp. (Korea) are some of the key players in the NDIR market.

The scope of the report covers detailed information regarding major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the NDIR market. A detailed analysis of the key industry players has been carried out to provide insights into their business overviews, product offerings, and key strategies, such as product launches and developments, expansions, partnerships, and acquisitions, associated with the NDIR 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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Battery energy storage systems with energy capacity above 500 MWh to witness highest CAGR

 According to the new market research report "Battery Energy Storage System Market with COVID-19 Impact by Element (Battery, Others), Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid And Off-Grid), Ownership, Energy Capacity, Application, and Geography - Global Forecast to 2025", the battery energy storage system market is projected to grow from USD 2.9 billion in 2020 to USD 12.1 billion by 2025; it is expected to grow at a CAGR of 32.8% from 2020 to 2025. The growth of this market is expected to be driven by the prevailing trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution, surging requirement of continuous power supply from critical infrastructures in wake of COVID-19, growing adoption of lithium-ion batteries in renewable energy sector owing to their low costs and improved performance, and increasing demand for grid energy storage systems. These factors have helped the battery energy storage system market gain traction in applications, such as utilities, residential, and commercial.

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Battery energy storage systems with energy capacity above 500 MWh to witness highest CAGR during the forecast period

Based on energy capacity, the above 500 MWh segment of the battery energy storage system market is expected to grow at the highest rate during the forecast period. A battery energy storage system with a high capacity and a low power rating delivers a low amount of electricity for a long time and is sufficient to run a few crucial appliances. These battery storage systems help in running other power plants during times of high electricity demand. The utilities are among the applications that require high capacity energy storage systems. To date, most of the high capacity energy storage system installation projects across the world cater to the utility application. In recent years, due to the growing need for electrification in rural and urban areas, government and private bodies are striving to improve the electric grid system to cater to the energy needs. These systems help the utility meet local capacity requirements and mitigate energy procurement costs. For instance, California investor-owned utility Pacific Gas & Electric (PG&E) constructed a 182.5MW/730MWh battery energy storage system (BESS) project, which was among four energy storage projects located at Moss Landing Power Plant.

APAC accounts for the largest market size during the forecast period

APAC held the largest battery energy storage system market share in 2019, followed by North America and Europe. The market in APAC mainly comprises developing economies, such as China and India, which have tremendous potential for installation of energy storage projects due to increasing renewable energy integration. APAC is expected to witness plans for electrification in remote areas, which are majorly off-grid in several countries. The use of residential energy storage technology will enable to increase access to electricity for these remote and island communities in the region. The battery energy storage system market in APAC is highly competitive with the presence of established players. These players are continually upgrading their product portfolio with the launch of technologically advanced energy storage products.

Some of the major battery energy storage system manufacturers based in Asia Pacific are Samsung SDI (South Korea), LG Chem (South Korea), Hitachi (Japan), Panasonic (Japan), and NEC Corporation (Japan).

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

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

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

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

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Which region is expected to dominate the power electronics market in the next five years?

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

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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 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.

Infineon Technologies is the leading player across the semiconductor solutions market. Set up in 1999 in Munich, Germany, the company’s product offerings include power semiconductors, microcontrollers, security controllers, radio frequency products, and sensors. Infineon offers a wide range of power electronic products, such as MOSFETs, IGBTs, Linear Voltage Regulators, DC-DC converters, Diodes & Thyristors, and Intelligent power modules, which serve a wide range of applications, including switch-mode power supplies (SMPS), computing, motor control and drives, consumer, mobile devices, lighting solutions, and automobiles. . The company focuses on technology leadership by focusing on advanced products to expand its abilities and strengthen its core businesses. As a part of this, the company started conducting research studies on new materials for power semiconductors at an early stage, which led to higher adoption of SiC and GaN in power electronics products. The company is one of the early entrants in the GaN and SiC power electronics market. The company also focuses on in-house manufacturing strategy to differentiate itself from its competitors in terms of cost and performance.

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

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
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COVID-19 Impact on Smart Manufacturing Market by Information Technology and Enabling Technology

 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.

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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

The manufacturing execution systems segment is expected to witness positive growth in smart manufacturing market, by information technology

Manufacturing execution systems (MES) offer companies the ability to monitor real-time production and the other operations of manufacturing plants. This greatly reduces the need for onsite, shop floor employees, thereby abiding by the lockdown and social distancing mandates to fight COVID-19. The ease of use and the ability to monitor operation activities from a safe distance gives thrust to the use of the manufacturing execution system as part of smart manufacturing. Because of this, the market for MES is expected to register a higher market size in 2020 as compared with 2019, post-COVID-19. However, post-COVID-19, the overall growth rate is expected to decline significantly for 2020 and 2025 when compared with growth estimated before COVID-19, which was double-digit%.

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).

Don’t miss out on business opportunities in COVID-19 Impact on Smart Manufacturing Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

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

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

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

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Flexible Battery Market: IoT in the medical sector have generated opportunities for new battery-powered medical devices

 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.

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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 demand for flexible batteries of above 100 mAh capacity is expected to increase significantly during the forecast period.

Flexible batteries with a capacity of above 100 mAh are designed for products and devices with high-energy requirements and long shelf life. These batteries are used in consumer electronics and energy harvesting systems as these systems require power sources to improve their functionalities. Flexible batteries with this capacity range are expected to be adopted significantly in numerous applications in the future.

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.

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

About MarketsandMarkets™

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

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

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

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