Friday 29 January 2021

Attractive Opportunities in Global Shortwave Infrared (SWIR) Market

 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.

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

Line-scan SWIR technology enables users to see beyond the visible spectrum; it also helps in scanning the object/body line by line, thereby helping in covering the whole area of the object, thus providing an accurate image of the object. Line-scan SWIR detectors are highly used in manufacturing to find out flaws and rectify them before delivery.

Security & surveillance, by application type, is expected to account for the largest market share during the forecast period

SWIR imagers are complimentary to thermal imagers when it comes to vision enhancement and low visibility in poor weather conditions. Imagery in the SWIR technology is similar to visible imagery, in that it senses reflected light; thus, interpretation and scene analysis is better than thermal systems. Thermal imagers have good detection abilities, and such imagers are a good complement to SWIR technology. While thermal imaging can detect the presence of a warm object against a cool background, a SWIR detector can actually identify what that object is (for instance, ships, vehicles, or personnel).

Uncooled SWIR, by technology, is expected to account for the largest market share during the forecast period

In the uncooled SWIR technology, the infrared-detecting elements are contained in a unit that functions at ambient temperature. The common type of thermal imaging devices—uncooled systems—operates quietly and can be activated immediately. The other advantages of uncooled SWIR technology are its long service life and low sensitivity to light exposure, as well as the use of vanadium oxide resistors.

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).

Don’t miss out on business opportunities in Shortwave Infrared (SWIR) Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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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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What are opportunities for GaN-RF devices in RF Semiconductor Market?

 According to the new market research report "RF Semiconductor Market by Device (Filter, Power Amplifier, Switch, Low Noise Amplifier), Frequency Band, Material (GaAs, GaN, Si) Application (Consumer Devices, Automotive, Telecommunication, Aerospace & Defense), and Region - Global Forecast to 2025", The global RF semiconductor market size is expected to grow from USD 17.4 billion in 2020 to USD 26.2 billion by 2025, at a CAGR of 8.5%. The growing penetration of LTE and advanced technologies has resulted in the increased demand for RF semiconductors. Other drivers for the RF semiconductor industry growth include the increasing demand for RF devices for smartphones and the growing importance of advanced RF devices in radar and electronic warfare systems.

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GaN-based RF devices are expected to grow at the highest CAGR in the market during the forecast period. GaN devices have the ability to combine high RF power output over broad bandwidths at high frequencies. As industry shifts towards the adoption of 5G networks for >6GHz, band silicon will not be able to meet various requirements of networks as silicon devices operate well below 3GHz. In the higher frequencies being utilized for 5G, such as 3.5 GHz, GaN is 10% to 15% more efficient than LDMOS/Silicon devices. Hence GaN will gain traction for 5G applications, particularly for base station power amplifiers. Also, GaN on Sic semiconductor fulfills size requirements. .

Consumer devices to hold the largest application share of RF semiconductor industry during the forecast period

Consumer devices are expected to account for the majority of the RF semiconductor market share during 2020–2025. The growing worldwide demand for mobile wireless communications and mobile multimedia applications is driving the growth of mobile devices. As the communication technology evolves from 4G to 5G, smartphones should support multiple bands, which increases complexity in smartphones, in turn, driving the demand for RF devices such as filters and switches per smartphone. Hence, the rise in the number of RF devices in each smartphone drives the growth of the market.

SHF frequency band to witness the highest CAGR in the RF semiconductor market during the forecast period

The demand for the SHF frequency band is expected to grow at the highest CAGR from 2020–2025. 5G technology is one of the primary applications for this frequency band, and this frequency band is also used for backhauls and cellular base stations. The 5G technology is expected to be operated in the frequency range of 3.3–3.8 GHz for initial services, and hence the demand for RF semiconductor devices operating in the SHF is expected to grow significantly during the forecast period.

APAC to hold the largest share of RF semiconductor market during the forecast period

APAC is expected to hold the largest share of the RF semiconductor industry in 2020, and a similar trend is likely to be observed during the forecast period. The global market players are experiencing strong demand from countries such as China, Japan, and South Korea. The market in APAC is expected to grow at a high rate in sectors such as consumer devices, telecommunication, and automotive. The Asian markets are encouraging the development of 5G mobile technologies, with commercial deployments planned in 2020 in Japan and China. The growing demand for smartphones, increasing implementation of safety features such as ADAS and infotainment systems in vehicles, the proliferation of advanced communication technologies would help the RF semiconductor market in the APAC region to grow at a significant rate.

Major players in the RF semiconductor industry include Qorvo (US), Skyworks (US), Qualcomm (US), Analog Devices (US), NXP Semiconductors (Netherlands), Cree (US), MACOM (US), Microchip Technology (US), Murata Manufacturing (Japan), and Texas Instruments (US).

Don’t miss out on business opportunities in RF Power Semiconductor 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.

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Top Company Leaders in Battery Management System Market

 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.

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The market for automotive application held largest market share in 2018

Battery management system for application in the automotive space accounted for the largest share of the market in 2018. Battery management systems are mainly used for electric vehicles, e-bikes, and automated guided vehicles. Batteries that are integrated in these vehicles are usually of medium or high-power density, requiring the assistance of a battery management system for optimal utilization. With rapid innovations in the automotive space, the usefulness and significance of BMS are also expected to increase—in turn, further driving the market for BMS in the near future.

APAC to exhibit the largest market size during forecast period

The battery management system market in APAC is expected to grow at the highest rate during the forecast period. South Korea, China, and Japan are among the largest exporters of electric vehicles globally. Leading players contributing to the growth of the region are JAC Motors (China), BYD Co. Ltd. (China), BAIC Group (China), SAIC Motor Corporation Limited (China), Nissan Motor Company Ltd. (Japan), Mitsubishi Motors Corporation (Japan), and Toyota Motor Corp. (Japan), among others. In addition, recent infrastructure developments and industrialization activities in emerging countries have opened new avenues and opportunities for OEMs in the region, which increases the adoption for UPS to be used as a back-up energy source. These factors contribute to the high growth of the battery management system market in APAC.

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.

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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Geographic Information System (GIS) Market Size worth $14.5 billion by 2025

 According to the new market research report on the "Geographic Information System 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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“Mapping function held the largest market size in the overall GIS market “

The mapping function held the largest share of the global GIS market in 2020. Mapping offers a better decision making for selection of agriculture sites, natural resource extraction, disaster management, urban planning, and transportation modeling. Hence, the use of mapping technologies has been growing at a rapid pace in numerous application sectors, including construction, infrastructure, defense and security, transportation, agriculture, forestry,  and environment. Urban planning and smart city development program in developing countries, such as India and China, have contributed to the market growth of mapping function.

“GIS collectors to dominate the market for GIS hardware during the forecast period”

GIS users face challenges for data collection in closed or covered areas, such as dense forests. GIS collectors offer reliable and accurate data collection in these areas. Some of these GIS collectors are integrated with cellular modems, GPS, cameras, and displays.  GIS collector hardware type is expected to dominate the GIS market during the forecast period due to the increasing demand for GIS collectors for data capturing and mapping in the agriculture, construction, and utility sectors. GIS collector offers field data collection in both online and offline mode. It also supports external GNSS/GPS receivers for improved spatial data collection.

“Transportation sector held the largest market size in the overall GIS market”

Transportation has created an ever-increasing demand for GIS-based technologies. With the emergence of telematics and navigation applications, GIS is expected to play a vital role in the transportation sector. GIS is adopted widely in the transportation industry for applications such as highway and roadway management, real-time traffic data monitoring, railway route planning, and transportation modeling.

“APAC expected to grow at the highest rate between 2020 and 2025”

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

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

The other players in this market include Maxar Technologies Inc. (US), Hi-Target Surveying Instrument Co. Ltd. (China), TomTom International (Netherlands),SuperMap Software Co., Ltd (China), General Electric Co. (US), FARO Technologies, Inc. (US), L3Harris Technologies, Inc. (US), Takor Group Ltd. (Australia), Maptoss Technologies Pvt. Ltd. (India), Computer Aided Development Corporation Limited (UK), Blue Marble Geographics (US), and PASCO CORP. (Japan).

Don’t miss out on business opportunities in Geographic Information System 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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MarketsandMarkets™ INC.
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Lithium-Ion Battery Market : GLOBAL OPPORTUNITY ANALYSIS AND INDUSTRY FORECAST 2020-2025

 The global lithium-ion battery market size is estimated to grow from USD 44.2 billion in 2020 to USD 94.4 billion by 2025; it is expected to grow at a CAGR of 16.4%. 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 need for automation and battery-operated material-handling equipment in industries, propelling demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications are other key driving factors.

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"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.

"Lithium-ion battery market for automotive is expected to hold the largest market during the forecast period."

Increasing adoption and awareness of EVs, government initiatives, and regulations supporting the adoption of EVs around the world are the factors that are driving the growth of the lithium-ion battery market. The market for these vehicles is expected to grow in the near future, partly driven by the adoption of various environmental norms and emission regulations. This has increased the demand for Li-ion batteries.

"Lithium-ion battery market for above 36 V segment is expected to hold the largest market during the forecast period."

The majority of the manufacturers prefer above 36V lithium-ion batteries as they support and power high-current applications, and have a long life span. Lithium-ion batteries with this voltage range are the most demanded and used as they are equipped with high capacity and unmatched capabilities. These batteries are used in electric vehicles, marine, power, military, telecom, etc. These batteries offer higher power, longer life, and robust safety compared to lead-acid batteries, which boosts its demand in the market. These batteries feature a built-in automatic battery management system (BMS), which keeps the battery running at peak performance while preventing overcharging, overheating, and maximizing cell cycle life.

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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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USA : 1-888-600-6441

Thursday 28 January 2021

Key Company Leaders in Global Monolithic Microwave IC (MMIC) Market

 According to the new market research report "Monolithic Microwave IC (MMIC) Market by Component (Power Amplifiers, LNA, Attenuators), Material Type (GaAs, InP), Frequency Band (L, S, C), Technology (MESFET, HEMT), Application (Automotive, A&D), and Geography - Global Forecast to 2024", the overall MMIC market is expected to grow from USD 7.7 billion in 2019 to USD 12.7 billion by 2024, at a CAGR of 10.6%. Factors such as the increased demand for MMICs from the flourishing smartphone industry; increasing adoption of E band to meet the growing bandwidth requirements of the space, defense, and wireless communication infrastructure sectors; and rising defense spending of countries, globally are driving the growth of the MMIC market.

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

The growth of the market in this region can be attributed to the high adoption rate of smartphones; significant shift toward high-speed mobile technologies (for instance, the shift from 3G to 4G); increased use of mobile services, including video, social media, e-commerce, and financial services; and rise in the military expenditure of countries such as China, India, Japan, and South Korea. China is a global manufacturing hub with a flourishing electronics industry and one of the fastest-growing economies in the world. Factors such as the rise in defense spending, increased focus of governments on the automotive industry, and scientific and technological developments in MMICs are leading to the growth of the MMIC market in China.

Key Market Players

Some major companies operating in the global MMIC market are Analog Devices (US), NXP Semiconductor (Netherlands), MACOM (US), Qorvo (US), Skyworks Solutions (US), Broadcom (US), Infineon Technologies (Germany), Maxim Integrated (US), Mini-Circuits (US), OMMIC (France), WIN Semiconductors (Taiwan), United Monolithic Semiconductors (UMS) (France), Custom MMIC Design Services (US), Microarray Technologies (China), VectraWave (France), BeRex (South Korea), and Arralis (Ireland).

NXP Semiconductors (Netherlands) is a major player in the field of semiconductor solutions, owing to its wide geographic presence combined with its robust R&D capabilities. The company is growing due to the positive outlook for the automotive semiconductors, wearables, and the Internet of Things markets across the globe. NXP Semiconductors focuses on adopting organic growth strategies such as product launches to enhance its market position. For instance, it launched RF GaN wideband power transistors and expanded its Airfast third-generation Si-LDMOS portfolio of macro and outdoor small cell solutions for 5G in 2018.

Power amplifiers segment is expected to hold the largest share of the MMIC market during the forecast period.

Power amplifiers convert low-power radio frequency signals to high-power signals. These amplifiers are mostly used in transmitters of radio frequency-based communication systems for driving antennas. Most of the power amplifiers are designed taking into consideration a specific application producing a specific type of signal, signal modulation scheme, and a set of specifications such as frequency range, gain (dB), gain flatness (dB), supply voltage (VDC), power decibels (dB-milliwatt), and package type. The growth of this segment can be attributed to the increased use of power amplifiers in defense, automotive, smartphones, and wireless communication applications. Continuously growing demand for high data transfer rates in communication systems has led to an increased demand for power amplifiers.

Gallium nitride segment is expected to grow at the highest CAGR during the forecast period

Gallium Nitride (GaN) is an emerging alternative for pure silicon in the field of semiconductors and electronics due to its high brightness emissions and intensities in opto-semiconductors, high-power efficiency, superior high frequency handling capacity, and flexibility to be used alongside various substrates such as silicon, sapphire, and Silicon Carbide (SiC). Gallium nitride is very hard and mechanically stable semiconductor material with a wide bandgap and high heat capacity and thermal conductivity. MMICs developed using gallium nitride offer large bandwidth, improved power density, and high efficiency to support the future cellular infrastructure such as 5G for the mobile base station transmitters.

E-pHEMT segment is expected to grow at the highest CAGR during the forecast period.

E-pHEMTs offer superior output power and high efficiency with bias voltages of less than +3 VDC. For commercial communication systems, E-pHEMTs offer a combination of high gain, low noise, and wide dynamic range in high-linearity MMIC applications. These transistors can economically provide superior electrical performance in Very High Frequency (VHF) and Ultra-high Frequency (UHF) wireless communication bands commonly associated with technologies such as GaAs MESFETs and depletion-mode pHEMTs.

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

GPON Market: How huge is the opportunity for their growth in the next five years?

 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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XG-PON, XGS-PON, and NG-PON2 are expected to be the fastest growing technologies in the GPON technology market. The rising demand for quad-play services that require high-speed broadband, declining prices of XG-PON systems, and a growing number of field trials of XGS-PON technology followed by its commercialization are the key reasons behind the growth of these two technologies. The market for NG-PON2 technology is expected to grow primarily because it has an advantage of wavelength mobility, and it is the most preferred choice of technology for use in 5G mobile backhaul applications, which is the primary reason for the highest growth rate of NG-PON2 technology in the coming years. This will lead to USD 3.5 billion opportunity in 2025..

“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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What are the Opportunities in Global Digital Holography Market

 The report "Digital Holography Market by Offering (Hardware and Software), Application (Microscopy, Holographic Display, Holographic Telepresence), Vertical (Commercial, Medical, Automotive), Technique, Process, Region - Global Forecast to 2024", is projected to reach USD 5.4 billion by 2024 from USD 2.2 billion in 2019; growing at the highest CAGR of 19.8%. Major drivers for the market’s growth are rising demand for digital holography in medical and commercial applications, the growing adoption of digital holography in the financial sector for security purposes, and increasing use of digital holography microscopy for precise measurements. Furthermore, underlying opportunities for the digital holography market include potential demand for holographic displays for near to eye applications, and latent opportunities for digital holographic solutions from countries in APAC particularly, China, Japan, and South Korea. Major restraints for the market are the high cost of digital holographic products. Computational complexities in the acquisition and reconstruction of holograms and the lack of technological awareness in the market pose a major challenge to the digital holography market.

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Opportunity: Latent opportunities for digital holographic solutions from countries in APAC

In APAC, digital holography (DH) has emerged as a front-runner for phase imaging by providing the quantitative phase measurements of wavefields with high accuracy and in near real-time. Digital holography (DH) is used to investigate engineered surfaces at the microscale level owing to its high precision and fast reconstruction rate. The technology is widely being used in industrial applications. APAC has a number of economies with varying development levels and a wide variety of industries. Major emerging economies such as India, Indonesia, and China have huge potential to adopt the technology as there has been an increasing growth of consumer electronics & automotive industries in the region.

Challenge: Lack of technological awareness in market

There has been a growing demand for digital holography in different applications. However, there is a startling gap in awareness about key technologies among professionals. Despite numerous technological advancements in the particular field, certain issues such as the positioning and assembling of the setup for an exact projection of holographic display still present a challenge for this market. There are only a few skilled technicians in the field of holographic displays. Another challenge is to build a true 3D display based on holographic technology that is practical, as well as commercially viable. The deflection of light requires features that are similar to the wavelength of light that is less than a micron. This is a major technical concern and poses a challenge for the display design from the point of view of manufacturing, computation, and bandwidth.

Commercial vertical to hold largest size of digital holography market during forecast period

Based on vertical, the digital holography market is segmented into medical, aerospace & defense, automotive, consumer, commercial, and others. The commercial vertical is expected to dominate the digital holography market, in terms of size, during the forecast period. The commercial vertical includes education, banking, hospitality, retail, and corporate. Digital holographic technology offers spectacular results with regard to visual effects when used in shows, live events, product launches, advertising, and promotions using digital signage and interactive kiosks. Retailers are focusing on the methods of differentiating themselves to attract more customers. Thus, they are adopting digital holographic displays to improve engagement with their customers by attracting them through memorable experiences. The increasing adoption of digital holographic displays in the commercial vertical for advertising and marketing is driving the said market.

“Market in APAC is expected to grow at highest CAGR during next 5 years”

APAC is a potential market for digital holography systems with huge opportunities for the development and implementation of new technologies. The market in APAC is expected to witness rapid growth owing to the growing number of commercial spaces in the region. China accounts for the majority of the demand for digital holography solutions from the region, owing to the growing interest of consumers in realistic 3D imaging systems. Digital holography technology extends far beyond its common usage in pop concerts and other forms of entertainment. It has a wide range of diverse applications and is being used to actively improve many areas of industry including medical, commercial, and aerospace & defense. The digital holography market in APAC is expected to grow at the highest CAGR in verticals such as medical, commercial, and consumer.

Lyncee Tec (Switzerland), Holoxica Limited (UK), RealView Imaging (Israel), HoloTech Switzerland AG (Switzerland), EON Reality (US), Geola Technologies (Lithuania), Holmarc Opto-Mechatronics (India), Ovizio Imaging Systems (Belgium), Leia (US), and Phase Holographic Imaging (Sweden) are a few of the leading players in this market. The other players operating in the digital holography market include MetroLaser (US), MDH Hologram (UK), Holotronica (UK), Light Logics Holography and Optics (India) Digitos Technologies (India), and Trimos (Switzerland). Whereas, Jasper Display Corp. (Taiwan), HOLOEYE Photonics (Germany), MIT Media Lab (US), and Fraunhofer IMP (Germany), are key innovators operating in this space.

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5G Infrastructure Market: Industrial end-user segment to have highest growth

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

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Industrial end-user segment to have highest growth in 5G infrastructure market in coming years

Currently, the deployment of 5G in the industrial sector is in the nascent stage, and not many developments can be seen. However, owing to growth opportunities in IoT and M2M communication technologies, a 5G network is expected to play a vital role in manufacturing, healthcare, aerospace & defense, industrial, automotive, and many other sectors.

Small cell for 5G infrastructure held the largest market share in 2019

The market growth of small cells is attributed to low-power wireless access points that provide better quality cellular coverage and capacity for homes, enterprises, metropolitan public spaces, and rural public spaces. In the 5G network, customers expect high speed of data communication with high reliability, which acts as one of the major challenges for network operators. To overall come this challenge, network operators look forward to deploying small cells on a large scale as an alternative to address the need for high speed and highly reliable data communication.

Network function virtualization to grow at higher CAGR in 5G infrastructure market during forecast period

The NFV is designed in such a way that a network operator can quickly implement different network functions via software that can be run on standard server hardware and can be easily shifted or installed in various locations in the network as per requirement without the need to install new hardware equipment. In other words, the network provider will no longer need to procure dedicated or application-specific hardware devices to build, add, or to offer new services. These factors are expected to fuel the growth of NFV in the coming years.

5G NR Non-Standalone (LTE Combined) held larger size in 5G infrastructure market in 2019

Non-standalone (NSA) 5G network refers to having merely 5G NR cells in place with EPC (Evolved packet core). The deployment of 5G cells would solely rely on the existing LTE network for all control functions and add-on services. The 5G NSA architecture operates in master–slave configuration, in which the 4G access node is the master and 5G access node is the slave. Therefore, this deployment option has several limitations as it will depend on the LTE network for significant coverage.

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

Above 6 GHz frequencies such as 26 GHz and 28 GHz bands have strong momentum. As they are adjacent, they tend to support spectrum harmonization, and thus reduce handset complexity, economies of scale, and early equipment availability. Governments and regulators must realize the potential of 5G for new mobile bands above 24 GHz. The significant availability of harmonized 5G spectrum in these bands is essential to enable fast 5G speeds, low cost devices, international roaming, and minimize cross border interference.

APAC to witness highest CAGR in 5G Infrastructure market during forecast period

This high growth in APAC is attributed to the adoption of new technologies and advancements in organizations across various industries. 5G network would play an integral role in advanced technologies such as IoT and machine-to-machine communication (M2M), as well as in smart cities and industrial automation. Also, the 5G infrastructure market has huge opportunities in smart cities. Various countries in Asia have either initialized the implementation of smart city projects or are in the planning phase.

The major players in the 5G infrastructure market are Huawei (China), Ericsson (Sweden), Samsung (South Korea), Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (US), CommScope (US), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel), and Mavenir (US).

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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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Wednesday 27 January 2021

Makino is major company in the micromachining market

 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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Key Market Players

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.

COHERENT is one of the leading companies in the micromachining market. The company has a laser technology-focused micromachining product portfolio for applications in microelectronics, materials processing, and OEM components and instrumentation. The laser solutions offered by the company are of various types such as diode-pumped solid-state lasers (DPSS), fiber lasers, gas lasers (CO, CO2, excimer, ion), optically pumped semiconductor lasers (OPSL), ultrafast (UF) lasers, and semiconductor lasers. The company has focused its micromachining offering based on laser technology only and hence has a comprehensive product portfolio based on it. Also, more than 80% of the revenue of the company comes from outside of the US, suggesting that the company has a substantial reach worldwide.

Makino is another major company in the micromachining market. The company offers high-quality metal cutting and EDM machines that include horizontal machining centers, vertical machining centers, 5-axis machining centers, graphite machining centers, and wire and sinker EDMs. The company is present in Asia, the Americas, and Europe. The micromachining offerings by the company have features such as advanced spindle temperature control, rigid machine construction, and unique EDM advancements. The micromachining equipment is capable of high-speed machining and repeatability. The company has a comprehensive product portfolio in wire EDM that makes it robust in the market.

“Non-traditional type micromachining to capture the largest market share in the global micromachining market.”

Non-traditional type micromachining offers more precision than the traditional type and consumes less time. Additionally, it is used in most of the industries for micromachining applications. Hence, it is expected to capture the largest market share in micromachining by 2025.

“Automotive industry to lead the micromachining market from 2020 to 2025.”

Micromachining in the automobile industry is widely used to increase the functionality of the products and for miniaturization. Micromachined devices have applications in accelerometers, speed sensors, temperature, and pressure sensors. The demand for micromachining is also increasing due to recent advancements in micro electro mechanical system (MEMS) devices used in automobiles. Hence, the automotive industry is expected to lead the global micromachining market from 2020 to 2015.

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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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Ultra-Wideband Market: The consumer electronics market has been affected by the COVID-19 pandemic

 The report "Ultra-Wideband Market by Application (RTLS, Imaging, Communication), Positioning system (Indoor, Outdoor), Vertical (Healthcare, Automotive & Transportation, Manufacturing, Consumer Electronics, Residential, Retail), & Geography - Global Forecast to 2025" is estimated to grow from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 19.6%. Major factors driving the growth of the UWB market include the rising demand for UWB technology in RTLS applications, the growing deployment of this technology in mobile devices, and the increasing adoption of the Industrial Internet of Things (IIoT).

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COVID-19 Impact on the Global UWB Market

UWB market is expected to witness a marginal dip in 2020 due to the COVID-19 pandemic as the movement restriction and lockdowns has resulted in the disruptions in the supply chain, However the use of remote monitoring technology, software managment tools could lead to higher adoption during post COVID-19 period. COVID-19 has disrupted the supply chain of different vertical of ultra-wideband market, which included healthcare, automotive & transportation, manufacturing, consumer electronics, and retail. The companies are exploring new opportunities to interact with manufacturers by leveraging advanced technologies.

Coronavirus, a deadly respiratory disease that originated in China, has now become a worldwide pandemic. The impact of COVID-19 is not fully evident on UWB market at the time being, but the slowdown in manufacturing and disruption in supply chain is expected to impact its market, at least in the short term. Labor shortage in the times of COVID-19 is expected to be the biggest challenge for companies across the world to overcome over the next 3–6 months. UWB based systems production facilities are either shut down or currently unable to produce at full capacity, and this could negatively affect Q2 and Q3 revenues of companies for 2020 and result in slower growth in the near term.

Companies with global supply chains are expected to be the most affected by this pandemic. As per industry experts, about 75% companies in the US could face supply chain issues in the coming months. If adverse effects of the virus become more prevalent in locations where customers, suppliers or manufacturers conduct business, the companies might experience constrained supply or curtailed demand that would provide material impacts in future periods. Companies are continuously monitoring the situation at their Chinese suppliers in order to ensure that the supply chain remains as efficient as possible and are also looking for alternative logistical routes wherever possible.

The effect of COVID-19 on the healthcare sector is more noticeable, as it is the epicenter of this unprecedented global pandemic challenge. Private companies has risen to the occasion, by offering support to the government, by providing testing support, preparing isolation beds for the treatment of Covid-19 positive patients, providing equipment such as ventilators, PPE kits, and masks. Systems such as Impulse-Radio Ultra-Wideband system, made up of static biomedical nodes is mounted on a patient’s body to collect vital data. UWB technology is also used for medical monitoring, and medical imaging. Due to COVID-19, the production of these systems is stopped.

The automotive & transportation sector is facing a disruption due to the shutdown of businesses. The disruption in Chinese parts exports, large scale manufacturing interruptions across Europe, and the closure of assembly plants in the United States. Due to abrupt closure of production centers in China, as well as, in all the major countries due to COVID-19, the supply chain is disturbed. Many automotive OEMs and suppliers are now establishing shorter or localized regional supply chain.

The consumer electronics market too has been affected by the COVID-19 pandemic. The sales of consumer electronics go off track due to localized lockdown in various countries. Also, the production facilities remained closed during the lockdown period, and due to shortage of raw materials there is a decline in the production of end products.

North America to hold largest share of UWB market in 2025

Earlier, UWB was not widely adopted in North America owing to the cost-effectiveness of other substitute wireless technologies, such as faster versions of Wi-Fi, and low-power Bluetooth. UWB technology has been widely deployed in the communications and RTLS systems. Recent advancements in positioning accuracy of impulse radio-based UWB technology and falling average selling prices (ASP) of UWB chips are expected to drive the UWB market in North America during the forecast period.

Key Market Players

Key players in the market are Decawave (acquired by Qorvo Inc. (US)), Apple (US), 5D Robotics (US), Pulse~LINK (US), BeSpoon (France), Zebra Technologies (US), NXP Semiconductors (Netherlands), Texas Instruments (US), Johanson Technology (US), Alereon (US), LitePoint (US), Fractus Antennas (Spain), Nanotron Technologies (Germany), Samsung Electronics (South Korea), Sony (Japan), Ubisense (UK), Alteros (Ohio), and Starix Technology (US).

These players are increasingly undertaking product launches and developments, and acquisitions to develop and introduce new technologies and products in the 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.

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Attractive Opportunities in Global Smart Container Market

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

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

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

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

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

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

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

Major players in the smart container market are Orbcomm (US), Smart Containers Group AG (Switzerland), Traxens (France), Globe Tracker (Denmark), and Nexiot AG (Switzerland). Other players operating in smart container market include Phillips Connect Technologies (Division of Phillips Industries) (US), SeaLand (Maersk) (Denmark), Robert Bosch Manufacturing Solutions (Robert Bosch GmbH) (Germany), Ambrosus (Switzerland), and ZillionSource Technologies Co., Ltd. (Cisco) (China)

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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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Power ICs to hold the largest share in Power Electronics Market

 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%.

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. Market is expected to be affected by the COVID-19 pandemic due to disruptions in supply chain, manufacturing & distribution across the value chain.

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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 has been the fastest-growing region in terms of consumption of power electronic products and solutions compared to other regions in the world, owing to the increasing adoption of power electronics in consumer, industrial and automotive applications across various countries such as China, Japan, India, and South Korea, among others. China is the world’s largest producer and end user of consumer electronics devices, including smartphones tablets and home appliances. The increasing need for power management in consumer devices fuels the demand for power electronics in the consumer electronics vertical. Other important verticals include industrial and automotive. Increasing industrial automation, adoption of robotics, and the urgent need for efficient use of power for various industrial applications is further driving the growth of the market for industrial vertical. 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

Major players in the power electronics market are 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).

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