Impact of Covid-19 on Global Hyperloop Technology market

 The report "Hyperloop Technology Market with COVID-19 impact by Transportation System (Capsule, Guideway, Propulsion System, and Route), Carriage Type (Passenger, and Freight), Speed (Less than 700 kmph, and More than 700 kmph), and Region - Global Forecast to 2026", is expected to grow from USD 1.2 billion in 2021 to USD 6.6 billion by 2026, at a CAGR of 40.4%. The major factors driving the growth of the Hyperloop Technology market are decreased travel time and transport costs. less expensive and minimum infrastructural maintenance, creation of hyperloop network requires less land area, tolerance to earthquakes and other natural calamities and emphasis on solar power for energy consumption in the hyperloop transportation technology. However, Lack of awareness regarding hyperloop transportation technology, regulation not yet implemented for hyperloop transportation technology by governments and bureaucrats and safety and security concerns is expected to restrain the growth of the market.

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Impact of Covid-19 on Global Hyperloop Technology market

COVID-19 will certainly delay the rollout of hyperloop, thereby affecting every stakeholder in the supply chain. The disruptions caused by COVID-19 may affect transport and mobility for much longer than the duration of the emergency. Several transport operators have lost a significant part of their income since mid-March 2020, raising worries about their financial stability and their capacity to recover their services. Aversion and self-imposed social distancing may result in modifications of the current trends in personal mobility patterns and user choices.

However, the Hyperloop Technology Market is expected to witness continuous growth across the world in coming years, particularly in the emerging economies of APAC and RoW. The market for hyperloop technology is primarily driven by the continuously growing need for connectivity between different countries and states. Demand for transport and mobility services will probably rebound once restriction measures are removed and activity gradually recovers. Nevertheless, the rate of recovery will vary across transport modes and countries will depend to a large extent on the speed of economic recovery, the cost of the measures to support it, and the changes in the supply and demand of transport services as a result of the direct and indirect impacts of the pandemic. A clear picture of the full impact will be possible after the end of 2021, and the repercussions will be probably still visible at least 3 years after the crisis has been neutralized.

Freight transportation is expected to grow at the highest CAGR in the coming years

Freight transportation is expected to grow at the highest CAGR due to less regulations and minimal environmental restraints (For instance, impact of acceleration and pressure) for cargos, it is expected to attain higher adoption in the coming years.

Less than 700kmph is attributed to holding a major share in the Hyperloop technology market

Less than 700kmph is attributed to holding a major share in the hyperloop technology market because in the present scenario, hyperloop with speed less than 700 kmph seems to be more feasible as per the tests conducted by different players in the hyperloop technology market.

APAC to witness highest CAGR of Hyperloop technology market during the forecast period

APAC is expected to witness the highest CAGR as the companies that are into hyperloop technology are focusing on this region due to the presence of a few evolved economies and the population crisis leading to crowded streets. Australia, India and South Korea are countries that have already signed MoUs with hyperloop companies and are working on the commercialization phase.

Key Market Players

The Hyperloop Technology market was dominated by Virgin Hyperloop (US), Hyperloop Transportation Technologies (US), Hardt B.V. (Netherlands), TRANSPOD (Canada), and Zeleros (Spain).

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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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5G infrastructure market based on communication infrastructure, core network technology, network architecture, operational frequency, end user, and region

 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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5G Infrastructure Market, by Communication Infrastructure:

• Small Cell
• Macro Cell

5G Infrastructure Market, by Core Network Technology:

• Software-Defined Networking (SDN)
• Network Function Virtualization (NFV)

5G Infrastructure Market, by Network Architecture:

• 5G NR Non-Standalone (LTE Combined)
• 5G Standalone (NR + Core)

5G Infrastructure Market, by Operational Frequency:

• Sub 6 GHz
• Above 6 GHz

5G Infrastructure Market, by End User:

• Residential
• Commercial
• Industrial
• Government

5G Infrastructure Market, by Region:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of APAC
• RoW
  • Middle East & Africa
  • South America

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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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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Explosion-proof lighting market for chemical & pharmaceutical industry estimated to be the fastest growing segment

 The report "Explosion-proof Lighting Market with COVID-19 impact analysis by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent), Safety Rating, Hazardous Location, End-user Industry, and Region – Global Forecast to 2026", is estimated to be USD 471 million by 2026 (forecast year) from USD 340 million in 2021 (estimated year), at a CAGR of 6.7% between 2021 to 2026. Factors attributing to the growth of the market include increasing investments in the oil & gas and chemical & pharmaceutical industries for infrastructure development and project expansion plans, growing focus of governments towards energy conservation, rapid transition from traditional light systems to connected lighting solutions, and surging adoption of LED based explosion-proof light fixtures owing to several advantages over conventional light sources.

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Globally, every process industry—such as oil & gas, chemical & pharmaceutical, mining, energy & power, and food & beverage—is required to follow safety measures formulated by the 1996 National Electrical Code, the European Committee for Electrotechnical Standardization (CENELEC), and the Increased Safety “Ex e,” along with various other certifications for products used in hazardous environments. These measures are followed by installing effective and efficient explosion-proof lighting products that maintain safety standards and allow smooth functioning of processes in the above-mentioned industries. This is a major factor contributing to the growth of the explosion-proof lighting market.

LED lights to dominate the explosion-proof lighting market, by light source

LEDs are the most energy-efficient lighting options and can be used to drastically reduce the overall operating cost in industrial facilities. They are 4–5x times cheaper as compared to fluorescent lamps while considering the total cost of ownership. Additionally, LEDs are not as sensitive to temperature as other lighting technologies and therefore can be easily operated in extreme hot and cold environments. Furthermore, the increasing number of industrial facilities is expected to influence the penetration of LEDs for explosion-proof lighting application.

Explosion-proof lighting market for chemical & pharmaceutical industry estimated to be the fastest growing segment, by end-user industry during the forecast period

The chemical & pharmaceutical industry in emerging economies such as India and China are growing rapidly and attracting high investments. For instance, according to an article published by Business Standard, the pharmaceutical industry in India attracted investments of approximately USD 1.7 billion in the year 2020 and is expected to grow faster in the years to come. Moreover, according to Invest India, the chemical & petrochemical industry in India is expected to grow to USD 300 Billion by 2025. All these factors are expected to strengthen the growth momentum of explosion-proof lighting in the chemical & pharmaceutical industry.

North America is projected to hold the largest share of explosion-proof lighting market in 2026

North America has emerged as the worlds most promising market for explosion-proof lighting. The region is witnessing increasing investments in the oil & gas industry, with a number of projects lined up during the forecast period. The Alaska LNG project in Alaska and the Corpus Christi LNG project in Texas are expected to have investments of approximately USD 45 billion and USD 24.5 billion, respectively. The Corpus Christi LNG project is expected to start its operations in 2022, and the Alaska LNG project in 2025. Oil & gas is the major end-user industry of explosion-proof lighting since any damage to assets due to explosion can lead to a high financial loss. This has triggered the installation of robust explosion-proof lighting across the region.

The report profiles key players, including Eaton (Ireland), ABB (Switzerland), Hubbell (US), Emerson (US), Signify (Netherlands), GE Current (US), Glamox (Norway), Phoenix Lighting (US), R. STAHL (Germany), and Larson Electronics (US). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, contracts, and acquisitions to strengthen their position 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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RF Semiconductor Market: Filters to dominate the global RF semiconductor industry

 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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Filters to dominate the global RF semiconductor industry during the forecast period

Filters are expected to hold the majority of the RF semiconductor market share during the forecast period. The technological shift from 3G to 4G/LTE and now into 5G has increased the network traffic through mobile devices and resulted in increased network interferences across the communication channels. This, in turn, is driving a significant increase in the need for advanced filtering technologies. There will be an increasing number of filters per device as the adoption of advanced technologies such as 5G increases. This is expected to drive the market for filters during the forecast period.

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).

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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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Flexible Electronics & Circuit Market: North America is projected to record the highest CAGR from 2021 to 2026

 The report "Flexible Electronics & Circuit Market with COVID-19 Impact Analysis by Structure Type (Single Sided Flex Circuit, Multilayer Flex Circuit), Application (Displays, Printed Sensors), Vertical (Consumer Electronics), and Geography - Global Forecast to 2026", size is projected to reach USD 48.5 billion by 2026 from an estimated USD 31.9 billion in 2021, at a CAGR of 8.8% from 2021 to 2026. The rising demand for consumer electronic devices is among the factors driving the growth of the flexible electronics & circuit  market.

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North America is projected to record the highest CAGR from 2021 to 2026 of the flexible electronics market by 2026

The flexible electronics market in North America is projected to record the highest CAGR from 2021 to 2026 largely due to the increasing establishment of high-technology industries of flexible electronics for military use. A number of US states that are at the forefront of innovation have established research centers for flexible and printed electronics.

Key Market Players

Samsung Group (South Korea), LG Corp. (South Korea), Panasonic Corporation (Japan), The 3M Company (US), Konica Minolta Inc. (Japan), First Solar, Inc. (US), E Ink Holdings (Taiwan), PragmatIC Printing Ltd. (UK), Blue Spark Technologies, Inc. (US), and BrightVolt Technologies (US), are some of the key players in the flexible electronics & circuit market.

By region, APAC Flexible electronics & circuit market estimated to grow at highest CAGR throughout the forecast period

APAC held the largest share of the overall flexible electronics market, based on region, in 2020. The growth of the market can be attributed to the presence of leading players from the flexible electronics ecosystem such as Samsung Group, LG Corp., Panasonic Corporation, and Konica Minolta Inc. These players have captured a major share of the flexible electronics market, thereby contributing significantly to the growth of the market in APAC. The flexible electronics market in North America is projected to record the highest CAGR from 2021 to 2026, largely due to the increasing establishment of high-technology industries of flexible electronics for military use. A number of US states that are at the forefront of innovation have established research centers for flexible and printed electronics.

By application, OLED lighting segment is expected to record the highest CAGR during the forecast period

The OLED lighting segment of the flexible electronics market, based on application, is expected to record the highest CAGR during the forecast period. Flexible OLED lighting solutions are expected to be increasingly used in the automotive industry by high-end car manufacturers, such as General Motors, Tesla, and Audi. The presence of prominent lighting solution manufacturers such as Acuity Brands, LG Display, and OSRAM is also expected to boost the flexible electronics market for OLED lighting.

By vertical, automotive is projected to grow at highest CAGR during forecast period

The automotive vertical is expected to record the highest CAGR during the forecast period. This growth can be attributed to the deployment of flexible displays (LCD and OLED) and OLED lighting panels in vehicles. The demand for flexible lighting is expected to increase globally among prominent automotive manufacturers such as Ford, General Motors, Nissan, Toyota, BMW, and Audi. The LG and Hyundai collaboration for flexible displays in electric vehicles will also significantly contribute towards market growth.

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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GIS market based on component, hardware type, function, end user by geography

 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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This research report categorizes the GIS market based on component, hardware type, function, end user and geography.

By Offering:

• Hardware
  • GIS collectors
  • Imaging sensors
  • LiDAR
  • Total stations
  • GNSS/GPS antennas
• Software
  • Desktop GIS
  • Server  GIS
  • Developer GIS
  • Mobile GIS
  • Remote sensing software
• Services

By Function

• Mapping
• Surveying
• Telematics and navigation
• Location-based services

By the End-User

• Agriculture
• Oil & Gas
• Architecture, Engineering, and Construction
• Transportation
• Utilities
• Mining
• Government
• Healthcare
• Retail
• Others  (Marine, Education, and Forestry)

By Region

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

“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).

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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

Laser Processing Market: Laser revenue to witness higher CAGR during forecast period

 According to the new research report "Laser Processing Market with COVID-19 Impact analysis by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Revenue (System Revenue, Laser Revenue), Application, End-user Industry, and Region - Global Forecast to 2025", the global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector.

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Solid lasers to witness highest CAGR during forecast period

The solid lasers segment is projected to record the highest CAGR in the laser processing market from 2020 to 2025. Solid lasers prevent the wastage of materials in the active medium and produce both continuous and pulsed output with high efficiency. These lasers have numerous applications, such as drilling holes in metals, endoscopy in medical, and targeting in military.

Laser revenue to witness higher CAGR during forecast period

The laser revenue segment is projected to record a higher CAGR in the laser processing market from 2020 to 2025. Laser revenue covers the revenue generated from the sales of several types of lasers, such as YAG laser, semiconductor laser, thin-disk laser, ruby laser, fiber laser, X-ray laser, dye laser, excimer laser, argon laser, chemical laser, and helium-neon laser, for processing applications.

Moving beam configuration to witness highest CAGR during forecast period

The moving beam configuration segment is projected to record the highest CAGR in the laser processing market from 2020 to 2025. In laser machines with moving beam configuration, the cutting head with the laser beam moves over the material in both X and Y axes. This eradicates the need for continuous material clamping as the dynamics are not affected by the variable workpiece size. These machines are ideal for the cutting of thin workpieces as they are fast.

Advanced processing application to witness highest CAGR during forecast period

The advanced processing application is projected to record the highest CAGR in the laser processing market from 2020 to 2025. Lasers have witnessed new application opportunities in the field of additive manufacturing, such as cladding and 3D printing. Particularly, CO2 and fiber lasers have seen an increased level of adoption in the additive manufacturing sector, owing to which many companies are focusing on additive manufacturing.

Architecture end-user industry to witness highest CAGR during forecast period

The architecture end-user industry is projected to record the highest CAGR in the laser processing market from 2020 to 2025. Lasers help architects in creating precise models of buildings. These models are capable of accurately representing the design prior to construction, so that the necessary changes can be made to remove flaws or avoid the effect of climatic conditions, such as rain, heavy storms, and other unavoidable natural circumstances.

Laser processing market in APAC is projected to grow at highest CAGR during forecast period

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

Key players operating in the laser processing market include Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), Jenoptik (Germany), Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US). Most of these companies focus on organic and inorganic growth strategies, such as product launches & developments, mergers & acquisitions, agreements, contracts, partnerships, collaborations, and expansions, to increase their revenue.

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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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APAC to account for largest share of Current Sensor Market

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

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APAC to account for largest share of current sensor market during forecast period

APAC is expected to account for the largest share of the current sensor market during the forecast period. The market in this region is also expected to witness significant growth during 2019–2024. The population growth and rapid urbanization in developing economies, such as China and Japan, have prompted the speedy development in the region, which will boost the demand for current sensor from verticals such as energy, automotive, telecom and networking, industrial, and healthcare.

Key Market Players

Key players in the current sensor market include Asahi Kasei Microdevices (Japan), Melexis (Belgium), Allegro Microsystems (US), Siliocn Labs (US), LEM International (Switzerland), Sensitec (Germany), Koshin Electrin (Japan). Asahi Kasei Microdevices (Japan) is a leader in the current sensing industry. The company has shown consistent growth in the market by demonstrating capability to serve new markets, and its product launches and promotional activities have boosted its revenue growth.

Automotive industry to hold largest share of current sensor market by 2019

The automotive industry accounted for the largest share of the current sensor market in 2018. The growth of the market for the automotive segment is attributed to the high volume of current sensors being used in automotive vehicles worldwide. Further, this growth is also ascribed to the increasing number of electric vehicles and hybrid vehicles (EV and HEV). The growth of the electric vehicle industry is driven by the increasing adoption of hybrid and electric cars in China, Germany, the US, and other countries. China was the largest market for electric cars in 2018, with 380 thousand electric cars registered. The US is the second-largest market for electric cars with 190 thousand units registered.

Closed loop to hold larger share and witness significant CAGR in market during forecast period

The closed-loop segment accounted for a larger share of the current sensor market in 2018. This growth is attributed to the advantages of this type over open-loop type; these include high accuracy and linearity, low gain drift, wide bandwidth, and fast response time. Owing to this, closed-loop current sensors have major demand from the industrial and automation sectors. Closed-loop current sensors are used in industries such as aerospace & defense, automotive, medical, railway, automotive, and consumer electronics, where accuracy and response time are the major requirements. These sensors are generally used in motor drive controllers, photovoltaic systems, generator/alternator monitoring and controlling system, robotics, UPS and telecommunication power supplies, welding power supplies, and frequency and voltage inverters.

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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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GPS anti-jamming market for civilian techniques is expected to grow at the highest CAGR from 2020 to 2025

 According to the new market research report "Anti-Jamming Market for GPS with COVID-19 Impact, by Receiver Type (Military & Government Grade, and Commercial Transportation Grade), Technique (Nulling, Beam Steering, and Civilian), End-User, Application, and Geography - Global Forecast to 2025", The anti-jamming market for GPS is valued at USD 4.0 billion in 2020 and is expected to reach USD 5.9 billion by 2025; it is expected to grow at a CAGR of 7.9% from 2020 to 2025. A few key factors driving the growth of this market are high demand for GPS technology in military applications and ongoing developments to improve the overall GPS infrastructure. Factors such as the growing demand for unmanned airborne vehicles and systems and the development of low-cost GPS anti-jamming solutions are expected to provide growth opportunities to players in the GPS anti-jamming market.

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The GPS anti-jamming market for civilian techniques is expected to grow at the highest CAGR from 2020 to 2025.

The GPS anti-jamming market for civilian techniques is expected to grow at the highest CAGR from 2020 to 2025. The growing use of satellite and GPS technologies in civilian applications and the requirement of anti-jamming solutions to protect devices from jamming are likely to contribute to the high-paced growth of the market for civilian systems during the forecast period.

Nulling Technique is expected to hold largest share of GPS anti-jamming market during forecast period.

Nulling Technique is expected to hold largest share of GPS anti-jamming market from 2020 to 2025. The use of nulling techniques leads to high-accuracy anti-jamming by achieving sharper and deeper nulls; this helps prevent the loss of desired GPS signals from jamming devices. Also, nulling systems are less expensive than beam steering systems.

Surveillance and reconnaissance is expected to hold largest share of GPS anti-jamming market during forecast period.

Surveillance and reconnaissance is expected to hold largest share of GPS anti-jamming market from 2020 to 2025. GPS anti-jammers are used for surveillance and reconnaissance in military and civilian applications, respectively. They are used for mapping strategic targets and positions as well as for finding natural resources that are critical for a country’s economy.

Anti-jamming market for GPS in APAC to grow at highest CAGR during forecast period.

The GPS anti-jamming market in Asia Pacific is expected to grow tremendously, owing to a rise in the number of terror attacks in the region, which has led to countries enhancing their surveillance and antiterrorism capabilities. Countries in Asia Pacific are also involved in the manufacturing of defense aircraft, which, in turn, is expected to increase the scope of GPS anti-jamming for defense and aerospace systems. Additionally, the increase in the defense expenditures of India and China, among other countries, and the expansion of militaries in emerging economies have accelerated the demand for GPS anti-jamming solutions in Asia Pacific.

Raytheon Technologies Corp. (US), Hexagon (Sweden), Thales Group (France), L3Harris Technologies (US), BAE Systems (UK), and Cobham Ltd. (UK), Mayflower Communications (US), infinDome (Israel), Lockheed Martin Corp. (US), Israel Aerospace Industries Ltd. (Israel), FURUNO ELECTRIC CO., LTD. (Japan), and Meteksan Defense (UK), are few major players in the GPS anti-jamming 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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What is the future valuation of 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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Lithium-ion battery type segment held largest share of battery management system market in 2018

The battery management system market, based on battery type, is led by the lithium-ion battery segment (in terms of size). Lithium-ion batteries are widely used in various industrial applications, such as automotive, medical devices, and UPS owing to their high energy and power density, lightweight, and low standby losses. Lithium-ion batteries with high energy density require battery management systems to ensure their efficient operation in electric vehicles, portable devices, renewable energy systems, and so on.  Moreover, the reduced cost of lithium-ion batteries and the high adoption of these batteries in applications such as electric vehicles, UPS, and renewable energy systems are expected to drive the market growth in the coming years.

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.

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 the battery management system 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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Teledyne (US), Thermo Fisher Scientific (US) and Horiba (Japan) are global leaders in Ultraviolet Analyzer Market

 The report "Ultraviolet Analyzer Market by Treatment Type (Liquid, Gas), Device Type (Online, Field), Industry (Oil & Gas, Chemicals & Pharmaceuticals, Environmental, Food & Beverages), Application, and Geography - Global Forecast to 2024", is expected to grow from USD 1.0 billion by 2019 to USD 1.4 billion by 2024 at a CAGR of 6.4% from 2019 to 2024. A few key factors driving the growth of this market include the rise in demand for environmental protection, which is expected to upsurge the demand for ultraviolet analyzers for emission monitoring, and stringent environmental standards and regulations.

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“APAC to account for the largest share of ultraviolet analyzer market during the forecast period”

APAC is expected to hold the largest share of the ultraviolet analyzer market during the forecast period. The stringent air pollution control has driven the market in APAC. Further, the growth is attributed to increasing industrialization and urbanization in the APAC region. Moreover, the growth in power generation companies in countries such as China and India is a major factor responsible for the increasing adoption of ultraviolet analyzers.

Key Market Players

ABB Ltd. (Switzerland), AMETEK, Inc. (US), Emerson Electric Co. (US), Halma plc (UK), Horiba, Ltd (Japan), Teledyne Analytical Instruments Inc. (US), Thermo Fisher Scientific Inc. (US), Xylem Inc. (US), Agilent Technologies Inc. (US), and Hitachi High-Technologies Corporation (Japan) are among a few major players in ultraviolet analyzer market.

Teledyne (US) has a strong presence in the instrumentation market globally and has a strong hold on the US market. It compromises an extensive distribution channel across all major regions. The company markets its products through its board network of sales offices worldwide as well as through its online store in the US. The company focuses on expanding its operations and reaching out to other markets through either acquisitions or strategic partnerships. The company increases its business opportunities with expansion programs through acquisitions. For instance, the company recently acquired Hanson Research (US) to accelerate its development of new products and services.

Thermo Fisher Scientific (US) offers ultraviolet analyzers under its brand Thermo Scientific. These analyzers are used for a wide range of applications, including food and beverage analysis, environmental testing, and industrial quality control. Moreover, the company’s ultraviolet analyzers are designed to measure various combinations of SO2, NOx, CO, NH3, H2S, and other organic compounds for continuous emission monitoring.

Horiba (Japan) is a global group of companies that develops, manufactures, and sells an extensive range of instruments and analytical systems. The company's environmental and process system equipment segment offers water quality monitoring systems, water quality monitor for total nitrogen/phosphorus, monitoring devices, and stack gas analysis systems. The company offers ultraviolet analyzers and related products under the Process & Environmental segment. The company has a strong product portfolio and geographical presence in ultraviolet analyzer market. The company has achieved growth since its foundation and have specialized in measurement technologies. The company spent a significant percentage of revenue, i.e., 7.2% on research and development in 2018. The company offers more than 1,000 products in five of its business segments.

Ultraviolet analyzer market for gas treatment to grow at highest CAGR during the forecast period

The demand for gas treatment is expected to grow at the highest CAGR during the forecast period. Ultraviolet analyzers for gas treatment are used widely for emission monitoring, air quality monitoring, and process control applications. Growing concerns toward environment monitoring boost the adoption of ultraviolet analyzers for gas treatment by end-users, such as municipalities, oil & gas industry, chemicals, and pharmaceuticals, and energy & power industries.

Air quality monitoring application is expected to hold the largest share of ultraviolet analyzer market during the forecast period

The growing concern about air pollution is creating a need for accurate analytical technologies to prevent further pollution of the atmosphere. The increasing need for environmental protection and stringent regulations on sulfur content in light oil and gasoline boost the adoption of ultraviolet analyzers which offer an extremely high degree of sensitivity and precision. Thus, the growing use of ultraviolet analyzers for air quality monitoring application is enhancing the growth prospects of the market.

About MarketsandMarkets™

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

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

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

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China to grow at highest CAGR in Human Augmentation Market

 According to the new research report "Human Augmentation Market by Technology (Wearable, Virtual Reality, Augmented Reality, Exoskeleton, Intelligent Virtual Assistants), Functionality (Body Worn, Non-body Worn), Region - Global Forecast to 2024", The human augmentation market is projected to grow from USD 70.9 billion in 2019 to USD 206.9 billion by 2024, at a CAGR of 23.9%. Major factors driving the growth of the human augmentation market include surge in technology penetration in healthcare, safe and strong military personnel, advent of artificial intelligence in wearable devices, and growing popularity of wearable augmentation products.

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Virtual reality market to grow at highest CAGR during forecast period

The growing demand for virtual reality is due to increasing use in applications such as education and e-retailing sectors owing to the provision of easy learning and promotions and advertising, respectively. Furthermore, virtual reality technology is set to positively impact workplace automation as it can streamline processes and eliminate common pain points experienced by businesses of all sizes. The use of virtual reality will eliminate physical computers and create an exponentially increasing base of remote workers as well as reduce operating costs.

Wearable holds largest share of human augmentation market in APAC during forecast period

APAC is expected to grow at the highest CAGR during the forecast period. Japan’s strong base of technologically advanced manufacturing industries presents significant opportunities for the human augmentation market for technology in the country. Massive mobile user base and high population growth rate in the country are driving the growth for the human augmentation market in APAC. In India, the growing usage of smart devices, availability of cheap labor, and increase in disposable income, as well as rebounding economy, are the key driving factors for the growth of the human augmentation market.

China to grow at highest CAGR in human augmentation market, in terms of value, by 2024

China is a manufacturing and innovation hub for various end-user industries, such as semiconductors, automotive, and consumer electronics, including home appliances, smartphones, and computer and peripheral devices. Therefore, it holds immense potential for manufacturing and selling wearable technology devices. Massive mobile user base to drive the growth of the VR market. The video and gaming content companies are also expected to drive the VR market in this country. The market for virtual reality in China is expected to grow at the highest CAGR during the forecast period. A number of towns and cities in China have declared themselves incubator zones that are integrating VR into research, manufacturing, education, and other spheres, luring in capital. For example, Seekers VR, which is based in Wenzhou, east China’s Zhejiang province is working with the Wenzhou government to establish a college focused on educating students using VR.

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

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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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APAC or Europe which region will dominate the Lithium-Ion Battery Market?

 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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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).

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

Lithium cobalt oxide (LCO) held the largest size of the lithium-ion battery market during the forecast period

Lithium cobalt oxide (LCO) held the largest size, in terms of value, of the lithium-ion battery market in 2019. The market of LCO battery type is the largest due to its application in consumer electronics, which have a major share of the overall lithium-ion battery industry. High energy density acts as a power source for consumer electronics. The energy density of any LCO battery is very high, but it has low stability and power density. Its life cycle is not as long as its counterparts, whereas the cost of manufacturing these batteries is fairly reasonable owing to the use of graphite carbon and cobalt.

Power capacity range of 3,000–10,000 mAh is expected to grow at the highest CAGR during the forecast period

Power capacity range of 3,000–10,000 mAh is expected to grow at the highest CAGR between 2020 and 2025. The market for this range is expected to grow at a high CAGR since it covers a majority of industries such as consumer electronics, electric vehicle, power tools, and aerospace & defense. This makes it more desirable in the near future for numerous applications. Its heavy power capacity makes it useful for industries such as electric vehicles and industrial uses. The increasing market for consumer electronics and smartphones has increased 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.

About MarketsandMarkets™

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

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

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Global leaders in Battery Technology Market

 The report "Battery Technology Market by Technology Type (Lithium-Ion Battery, Lead Acid Battery, Nickel Metal Hydride Battery, Other Battery Technologies), Application (Power & Utilities, Transportation, Consumer Electronics) and Region - Global Forecast to 2025",global battery technology market size is projected to grow from USD 92.0 billion in 2020 to USD 152.3 billion by 2025, at a CAGR of 10.6%. Major factors fueling the market growth include rising adoption of battery technology in the renewable energy industry, surging demand for automation and battery-operated material-handling equipment in industries, the growing use of electric and hybrid electric vehicles, increasing deployment of batteries in the utilities sector.

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Battery Technology Market and Top Companie

CLARIOS (US)

Clarios, formerly known as Johnson Controls Power Solutions, is one of the leading advanced energy storage solution providers. Johnson Controls Power Solutions, the battery division of Johnson Controls International Inc., was acquired by Brookfield Business Partners and was renamed Clarios on May 1, 2019. The company offers automotive batteries globally under private labels and company brand names like Varta, Optima, LTH, Delkor, Baterias MAC, and Heliar. The company has a presence in more than 150 countries in North America, Europe, and the Asia Pacific. They focus on expanding their product portfolio to meet the varying needs of its customers across various end-use applications. For instance, in April 2019, Clarios announced its novel VARTA Silver Dynamic Auxiliary battery range in the European market, and, in March 2019, it introduced its new VARTA Powersports batteries for motorcycle and leisure applications.

Panasonic Corporation (Japan)

Panasonic is a multinational conglomerate comprising 582 consolidated companies across the world. The company operates through four business segments: Appliances, Eco Solutions, Connected Solutions, and Automotive & Industrial Systems. The batteries & energy products subdivision produces a vast array of rechargeable and non-rechargeable batteries for industrial use, including lead-acid, lithium-ion, nickel-metal hydride, nickel-cadmium, coin, lithium, and alkaline technologies. The company focuses on inorganic strategies such as joint ventures and collaborations to target emerging and rapidly growing markets. For instance, in January 2019, it agreed to establish a joint venture with Toyota Motor Corporation related to the automatic prismatic battery business. The company plans to refine its batteries for the automotive segment and focus on the Chinese market, where it has growth potential for EVs and commercial and passenger vehicles.

Samsung SDI (South Korea)

Samsung SDI, a unit of the Samsung group, manufactures secondary cells and plasma display panels. The company started its secondary Li-ion battery business in 2000; since then, Li-ion battery manufacturing has become its core business. SDI operates in two major business segments: Energy Solutions and Electronics Materials. The Energy Solutions segment includes small-sized li-on batteries, automotive batteries, and ESS (Energy Storage System) products, while the Electronics Materials segment includes semiconductors and display materials products. Samsung SDI has a strong market position in the battery technology market. The company undertakes intensive R&D activities to improve the performance of existing materials, develop new and innovative materials, and enhance the efficiency of secondary cells. It invested 6.6% of the total revenue in 2018 in R&D activities.

GS Yuasa (Japan)

GS Yuasa is one of the leading players in the global battery technology market. The company manufactures and supplies power supply systems, lighting equipment, batteries, and other specialty electrical equipment. GS Yuasa operates through five business segments—Automotive Batteries (Japan), Automotive Batteries (Overseas), Industrial Batteries & Power Supplies, Automotive Lithium-ion Batteries, and Others.

The company’s Automotive Batteries business deals with lead-acid batteries for automobiles and motorcycles. The Industrial Batteries and Power Supplies business offers lead-acid and lithium-ion batteries for industrial applications and power supply devices in the global market. The Automotive Lithium-ion Batteries segment deals with lithium-ion batteries for vehicles. The others business segment offers lithium-ion batteries for manned research submersibles, rockets, and satellites. s

Chaowei Power (China)

Chaowei Power is a battery manufacturer that focuses primarily on motive lead-acid batteries, lithium-ion batteries, and related products. The company operates in four major business segments—Electric Bike Battery, Electric Vehicle Battery & Special-Purpose Electric Vehicle Battery, Li-ion Battery, and Others. The company offers lead-acid batteries largely for electric bikes, electric trickle batteries, and special-purpose electric vehicle batteries, with the electric bike battery segment being the major revenue generator.

“Transportation to hold the largest share of the battery technology market during the forecast period.”

The increase in the production of electric vehicles and the subsequent demand for lithium-ion batteries is driving the battery technology market in transportation. Electric vehicles are perceived as the future of the automobile industry and transportation system. More automobile companies are involved in the development of new and improved EVs. The rise in demand for electric vehicles and hybrid electric vehicles will consequently raise the demand for batteries.

“Asia Pacific to hold the largest market share for battery technology during the forecast period.”

The adoption of battery technology is high in APAC as the region mainly comprises developing economies such as China and India, which have a huge potential for many application areas within the battery technology market. Moreover, recent infrastructure developments and industrialization activities in emerging nations have opened new avenues and opportunities for the battery technology market in APAC. Further,  the increase in the production of electric vehicles and batteries used in vehicles is driving the battery technology market in the APAC.

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