Growing demand for edge computing in mobile devices Driving the Growth of AI in Computer Vision Market

The AI in computer vision market was valued at USD 2.37 billion in 2017 and is expected to reach USD 25.32 billion by 2023, at a CAGR of 47.54% during the forecast period. In this report, 2017 has been considered as the base year, and the forecast period is from 2018 to 2023. The objective of the report is to define, describe, and forecast the AI in computer vision market, in terms of value, on the basis of vertical, component, and geography. The major factors that are expected to be driving the AI in Computer Vison Market include growing demand for edge computing in mobile devices, increasing demand for computer vision systems in non–traditional and emerging applications and growing impact of AI in machine vision.

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Driver: Growing demand for edge computing in mobile devices

Most AI algorithms need a large amount of data and computing power to accomplish tasks. For this reason, they rely on cloud servers to perform their computations; they are not capable of accomplishing tasks on devices, mobile phones, computers, and other devices. This limitation makes AI algorithms inefficient in settings where connectivity is sparse and where operations need to be performed in time-critical situations. Premium smartphone vendors are exploring SoC design and frameworks that will bring AI closer to the edge. The connectivity in mobile devices suffers from latency, network congestion, signal collision, and huge geographic coverage. These are few challenges that we face when processing edge data in the cloud. The dedicated chipset in mobile devices can help compute resources in real time and execute algorithms without the need for a round-trip to the cloud.

Apart from smartphones, drones, augmented reality, and driverless cars need to run real-time deep learning. Any delay because of the communication with the cloud can result in disastrous or fatal events. Also, in case of a network disruption, a total halt of operations is imaginable. At this stage of the market, Apple (US) and Google (US) are using AI processors in their flagship smartphones products. However, with the growth of AI in autonomous cars, drones, and other mobile devices, other players are also expected to enter in this market space.

AI in computer vision market in North America expected to hold the largest share in 2017

North America is expected to hold the largest market share in 2017. Startups in the US are receiving funds from various organizations to imply the AI technology in autonomous drones and other flying vehicles. The major focus is to overcome challenges faced by industrial drones in terms of reliability, safety, and autonomy. Thus, companies have come up with solutions that combine computer vision and deep learning algorithms and identify potential hazards, and speed and distance. The market for AI in computer vision in APAC is expected to grow at the highest CAGR during the forecast period and surpass North America by 2023.

Major players operating in the AI in computer vision market include NVIDIA (US), Intel (US), Qualcomm (US), Apple (US), Alphabet (US), Microsoft (US), Facebook (US), Wikitude (Austria), Xilinx (California), Basler (Germany), Teledyne Technologies (US), Cognex (US), General Electric (US), and Avigilon (Canada).

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

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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Absorbent Glass Mat (AGM) Battery Market By Type, Voltage, End User, Application and Geographic Analysis

According to the new market research report "Absorbent Glass Mat (AGM) Battery Market by Voltage (2-4 Volts, 6-8 Volts, 12 Volts & Above), Type (Stationary, Motive), End User (OEM, Aftermarket), Application (Automotive, UPS, Energy storage, Industrial), and Geography - Global Forecast to 2025", the global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to reach USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The AGM battery market is likely to exhibit lucrative growth potential during the forecast period. The growth of this market is expected to be driven by the inherent benefits tendered by AGM batteries, easy recyclability of AGM batteries compared with lithium-ion batteries, increasing demand for high powered batteries for UPS & energy storage, and growing investments for renewable energy systems. The market also has several opportunities that can be explored by existing and entry-level companies to expand businesses.

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In this report, the AGM battery market has been segmented into the following categories:

By Type:

• Stationary
• Motive

By Voltage:

• 2–4 Volts
• 6–8 Volts
• 12 Volts & above

By End User

• OEM
• Aftermarket

By Application

• Automotive
• Motor Vehicle
• Motorcycle
• Others
• UPS
• Industrial
• Energy Storage
• Others

Geographic Analysis

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

APAC to exhibit largest market size during forecast period

The AGM battery market in APAC is expected to grow at the highest CAGR during the forecast period. The huge population in this region leads to an increased energy demand, which eventually increases the need for fossil fuel based energy generation, and leads to renewable energy integration creating the need for batteries. In addition to this, APAC is home to some of the prominent players such as Vision Group (China), HBL Power Systems Ltd. (India), Leoch (China), and B.B. Battery (China) providing AGM batteries for different applications. These factors contribute to the high growth of the AGM battery market in APAC.

Exide Technologies (US), Clarios (US), Power Sonic Corporation (US), EnerSys (US), Fullriver Battery (US) East Penn Manufacturing Company (US), Universal Power Group (US), Fullriver Battery (US), and C&D Technologies (US), among others, are the major players operating in the AGM battery 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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Siemens (Germany) and NETGEAR (US) are the Key Players in the Power Line Communication Market

MarketsandMarkets forecasts the Power Line Communication market to grow from USD 5.5 billion in 2017 to USD 9.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. The major factors that are expected to be driving the PLC market are cost-effective installation, enabling wide coverage by using the existing electricity distribution network, growing deployment of smart grids and high penetration of broadband power line communication devices in indoor networking applications.

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Siemens (Germany) and NETGEAR (US) are two of the key players in the power line communication market. Siemens is a leading player in the power line communication market for the substation communication application, while NETGEAR is a dominant player in the power line communication market for the indoor networking application. Siemens extensive product portfolio along with its strong brand image, customer base, and wide geographic reach has helped it to attain a leading position in the power line communication market. One of the major factors for dominant position of NETGEAR is its strong power line communication product portfolio, which it is further trying to enhance by launching new products. The company’s product portfolio consists of various powerline adapters and bridges with the help of which the users can extend the wired and Wi-Fi Internet connections to any AC outlet using the existing electrical wiring. Some of the other companies operating in the power line communication market include ABB (Switzerland), AMETEK (US), Schneider Electric (France),  General Electric (US), TP-Link Technologies (China), D-Link (Taiwan), Landis+Gyr (Switzerland), Nyx Hemera Technologies (Canada), Belkin International (US), Billion Electric (Taiwan), devolo (Germany), Corinex Communications (Canada), TRENDnet (US), Zyxel Communications (Taiwan), Extollo Communications (US), and NetComm Wireless (Australia).

The major players in the power line communication market have primarily adopted the strategy of product launches to strengthen their product portfolio and expand the reach of their offerings to new clients. For instance, in 2016, NETGEAR (US) introduced the PowerLINE WiFi 1000 adapter kit (PLW1000). Moreover, in 2015, it launched the Powerline 1200 Adapter Kit (PL1200) and Powerline 1200+ extra outlet adapter kit (PLP1200). In 2016, TP-Link Technologies (China) also launched the TL-WPA9610, an AV2000 gigabit powerline AC Wi-Fi kit.

The key players in the power line communication market have adopted various expansion and partnership strategies between 2015 and 2017. For instance, in 2017, ABB (Switzerland) inaugurated its Canadian headquarters and customer innovation center. This facility, located in Montreal, has research and development, manufacturing, assembly, and testing units for its energy value chain. Moreover, in 2017, General Electric (US) inaugurated its new grid automation manufacturing facility in Stafford, UK.

About MarketsandMarkets™

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

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

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

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

Acoustic Wave Sensor Market | Immense growth opportunities in automotive industry

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

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Opportunity: Immense growth opportunities in automotive industry

The automotive industry is well known for developing new application and development of sensor technologies for automotive safety systems. This system has become advanced, sophisticated and efficient over a period of time. Now a day’s automotive industry is more prone to the use of advanced new technologies for reducing number of accidents and decreases the impact of accidents. Acoustic wave sensors have played an important role in achieving these targets, where these systems have made vehicles safer for the occupants. The new awareness of the governments and consumers towards safety of vehicles is one of the major drivers for the acoustic wave sensor market. The increasing demand of micro electro-mechanical sensor (MEMS) technology that uses new sensor technologies for applications like pressure sensing in tire pressure monitoring system (TPMS). The MEMS technology plays an important role in automotive industry as it reduces cost and space as compared to other technologies. SAW sensors are mainly deployed in this industry to sense the modulation occurred in a physical phenomenon. These sensors have limited applications in automotive industry like for torque sensing in electronic power steering, TPMS, and the monitoring of combustion engine but with the increasing advancement in technology many applications is expected to emerge.

Key Market Players

Vectron International (US), Qualtre Inc. (US), SENSeOR (France), Sensor Technology Ltd. (US), NanoTemper Technologies GmbH (Germany), Althen GmbH (Germany), Transense Technologies (Germany), Pro-micron (Germany), Heinz Messwiderstande (Germany), Hawk Measurement System (Australia), Abracon LLC (US), A D Metro Inc. (US), API Technologies Corp (US).

Vectron International held a leading position in the Acoustic Wave Sensor market in 2016. Vectron International is one of the global leaders in designing, manufacturing, and selling of frequency control, sensor, and hybrid product solutions which use of latest techniques based on both bulk acoustic wave (BAW) and surface acoustic wave (SAW) designs. The company is mainly engaged in acquisitions for making strategic investments. The company had acquired businesses and assets which includes patents and technologies. These acquisitions and investments mainly focus in development of existing products and introduction of new products and services.  Vectron concentrates on entering the innovation-driven growth markets by designing innovative acoustic wave solutions. The company serves variety of industries such as mobile consumer, medical, aerospace and defense, and telecommunications.

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.

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. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Silicon Battery Market expected to be worth $177 million by 2025

According to the new market research report "Silicon Battery Market by Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & Above), Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), and Region - Global Forecast to 2025", is estimated to grow from USD 38 million in 2020 to reach USD 177 million by 2025 at a CAGR of 36.2%. The silicon battery industry is likely to exhibit lucrative growth potential during the forecast period.

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The growth of this market is expected to be driven by the excellent properties of silicon batteries, high energy density & better stability than other anode materials, increasing demand for consumer electronics from developed & developing nations, and growing R&D investments by manufacturers for improving Li-ion batteries. The silicon carbide market also has several opportunities that can be explored by existing and entry-level companies to expand businesses.

Consumer electronics application segment held the largest share of silicon battery market in 2019

Based on the application, the silicon battery market for consumer electronics held the largest size in 2019. Continuous technological developments in consumer electronics have boosted the growth of this market. Silicon batteries offer higher density, better durability, and more energy storage compared with li-ion batteries. Consumer electronics require power sources that have high energy and power density to run the devices smoothly. Therefore, silicon batteries have a high demand from the consumer electronics sector.

The demand for capacity ranging from 3,000 mAh to 10,000 mAh is expected to grow significantly during the forecast period

Silicon batteries with capacity ranging from 3,000 mAh to 10,000 mAh are used in a majority of industries such as consumer electronics, electric vehicles, power tools, and aviation, in the form of individual cells or as battery pack modules. They are the most commonly available silicon batteries and have a huge demand in the market. These batteries are used for products that require moderate-to-high energy to function. Silicon batteries with this capacity range are expected to be adopted significantly in numerous applications in the future. Moreover, with the increasing usage of consumer electronics and increasing renewable energy projects worldwide, the adoption of silicon batteries is expected to grow significantly during the forecast period

APAC to exhibit the largest market size during the forecast period

The silicon battery market in APAC is expected to grow at the highest CAGR during the forecast period. The vast population in this region leads to an increased energy demand, which eventually increases the need for fossil fuel-based energy generation and leads to renewable energy integration creating the need for batteries. Moreover, other applications such as automotive and consumer electronics are expected to drive the demand for advanced batteries in the region. Also, APAC is the home to some of the prominent players such as Connexx Systems (Japan) and Huawei (China) that provide silicon batteries for different applications. These factors contribute to the high growth of the Silicon battery market in APAC.

Amprius Technologies (US), Enovix (US), Huawei (China), Enevate (US), Nanotek Instruments (US), Nexeon (UK), LeydenJar Technologies (The Netherlands), Targray Technology International (Canada), XG Sciences (US), California Lithium Battery (US), Sila Nanotechnologies (US), and Group14 Technologies (US), among others, are the major players operating in the silicon battery 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.

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