Latest Industry Trends: February 2022

Friday 25 February 2022

Surface Mount Technology Equipment Market Size, Advanced Technology, Applications And Business Opportunities till 2027 | Impact of COVID-19

Overview

The surface mount technology equipment market is projected to grow at a CAGR of 8% during the forecast period. As per the surface mount technology equipment market research report, the global market for surface mount technology equipment is anticipated to grow rapidly by US$4 Billion by 2022. As per analysts, the increasing demand for smart gadgets along with expanding automotive sector will drive the market growth throughout the forecast period. The surface mount technology equipment market research report provides an in-depth analysis of the global surface mount technology equipment market and its equipment, end-user industries, and components segments. The complex repair and maintenance as well as concerns regarding compatibility are the factors which could affect The Surface Mount Technology Equipment Market growth during the forecast period. The surface mount technology equipment market research report by expert analysts is intended to help companies in the surface mount technology equipment market.

Competitive Landscape

The increasing number of strategic alliances, mergers and acquisitions are expected to accelerate the surface mount technology equipment market growth worldwide. The global surface mount technology equipment market is set to witness challenges including lack of awareness, however, companies in the surface mount technology equipment market will sustain the growth rate. The SMT Equipment Market Share report also offers company profiles of key players operating in the surface mount technology equipment market around the world. Additionally, the global surface mount technology equipment market report provides detailed analysis of the market based on primary and secondary research data collected from the surface mount technology equipment market’s key decision makers as well as stakeholders. The surface mount technology equipment market research report covers all such factors assisting companies in the surface mount technology equipment market to improve their plans and portfolio.

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Market Segmentation

The global surface mount technology equipment market has been segmented based on equipment, end-user industries, and components. On the basis of equipment, the market for surface mount technology equipment is segmented based on cleaning agents, coating equipment, rework and repair equipment, solder equipment, pick and place. Additionally, the market on the basis of end-user industries, is segmented into automotive, consumer electronics, medical, telecommunication. The global market for surface mount technology equipment is also covered based on components segment which is further split into transistor & diodes, and integrated circuits.

Key influences such as component related limitations could obstruct the surface mount technology equipment market growth. However, as per the surface mount technology equipment market research report, the benefits of surface mount technology as well as higher availability of skilled labor will drive growth during the forecast period. These key growth factors will help support the surface mount technology equipment market growth at a high CAGR. The segmental analysis of equipment, end-user industries, and components segments as well as regional market analysis has been presented in the global surface mount technology equipment market research report. Analysts studying the surface mount technology equipment market have presented projections in the surface mount technology equipment market research report assisting surface mount technology equipment market-based companies in numerous ways. The surface mount technology equipment market research report offers crucial details about the surface mount technology equipment market based on the data and forecasts till 2022.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for surface mount technology equipment are primarily covered in the global surface mount technology equipment market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level surface mount technology equipment markets are covered in the report. In Asia-Pacific (APAC) region, the country-level surface mount technology equipment markets covered are China, India, Japan, and others. The surface mount technology equipment market research report also covers the regional market for surface mount technology equipment spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The surface mount technology equipment market research report further explores other regional markets from the rest of the world including surface mount technology equipment markets of the Middle East and Africa. As per the global surface mount technology equipment market research report.

Industry News

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

System-On-Chip Market Growth Potential, Analysis Report, Future Plans, Business Distribution, Application and Outlook | Impact of COVID-19

Market Synopsis

The System-On-Chip Market 2020 is all set to jump from the valuation of USD 131.83 billion it reached in 2017 to touch USD 207.21 billion by 2023, affirms Market Research Future (MRFR). MRFR anticipates that the global market can procure a CAGR of 8.3% from 2018 to 2023 (review period). We will provide COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.

Top Market Competitors

The top market competitors covered in the study are Taiwan Semiconductor Manufacturing Company Limited, NXP Semiconductors N.V., Apple Inc, Broadcom Limited, MediaTek Inc, STMicroelectronics N.V., Qualcomm Incorporated, Samsung Electronics Ltd, Toshiba Corporation, Intel Corporation, and more.

Some other leading contenders in the market are Microchip Technology Inc, ON Semiconductor, Infineon Technologies, Maxim Integrated Products Inc, Texas Instruments, to name a few.

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Main Drivers and Key Challenges

With the world taking shelter inside their homes since the COVID-19 outbreak and the consequent lockdown, the semiconductor industry, especially the system on chip/SOC market has had to deal with fluctuating demand and supply ratio. SARS-CoV-2 has led to a dramatic drop in the sales of system on chips, given the rising need for essential items following the pandemic. On the bright side, with the novel coronavirus compelling people to remain and work from home, it is believed that the system on chip demand can increase in the following months. Advanced technologies such as AI, IoT, rising need for better internet connectivity, and surging use of affordable smart wireless sensors can also help the SOC market generate massive revenues in the near future.

The escalating demand for compact, power-efficient and smart electronic device coupled with the promising growth of IoT based technologies has benefitted the System On Chip Market Size to a large extent. The increasing need for scalable and compact ICs in the worldwide electronic industry can give rise to lucrative opportunities in the global market over the next couple of years. The market growth can also be bolstered by the accelerated application scope in diverse industries such as consumer electronics like smartphones, laptops and tablets.

Furthermore, the SOC market can garner widespread impetus backed by the growing innovations in the manufacturing processes and the soaring demand for lower priced silicon chips. The emergence of cost effective silicon chips has emerged as a huge opportunity for the renowned industry players, who are actively pursuing growth strategies such as product development and new launches in order to elevate their market position.

For instance, in July 2020, Apple Silicon signed TSMC for developing high power Silicon system on chips for future Macs, since silicon is an extremely pure, cheap and easy to use semiconductor. TSMC has long been a prominent supplier of ARM chips for Apple and has successfully developed SoCs for their iPads as well as iPhones previously.

Market Segmentation

Type and application are the main segments based on which which the system-on-chip (soc) market has been studied in the report.

The key types covered in the market study are digital signal, mixed signal and analog signal.

The primary application areas highlighted in the report include healthcare, consumer electronics, automotive, telecommunication, and more.

Regional Insight

The geographical distribution of the system-on-chip market comprises Europe, Asia Pacific/APAC, North America, and the rest of the world/RoW.

The world leader is expected to be APAC, as the SoC market in the region is expanding significantly on account of the high demand for top quality consumer electronics across India, China, Taiwan, Japan and South Korea. The favorable internet ecosystem in the region has also benefitted the market to a large degree, but with the COVID-19 outbreak, online businesses have gained even higher impetus. This has resulted in a highly lucrative market for SOC in the region.

North America can be a strong market for system-on-chip as the region observes high adoption rate of IoT-based technologies that are combined with electronic appliances. In addition, the growth in in trends like CYOD/choose your own device, WFH/work from home and BYOD/bring your own device has induced substantial growth in the SOC market.

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Power over Ethernet Market Segments, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2027 | Impact of COVID-19

Overview

The power over ethernet market is projected to grow at a CAGR of 13% during the forecast period. As per the power over ethernet market research report, the global market for power over ethernet is anticipated to grow rapidly by US$1 billion by 2022. As per analysts, low maintenance demand along with low cost will drive the market growth throughout the forecast period. The power over ethernet market research report provides an in-depth analysis of the global Power Over Ethernet Market and its application, types, power to port, and end-users segments. The rising energy cost as well as the growing adoption of POE are the factors which could affect the power over ethernet market growth during the forecast period. The power over ethernet market research report by expert analysts is intended to help companies in the power over ethernet market.

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Market Segmentation

The global power over ethernet market has been segmented based on application, types, power to port, and end-users. On the basis of application, the market for power over ethernet is segmented based on connectivity, infotainment, led lighting & control, security & access control, and others. Additionally, the market on the basis of types, is segmented into powered device controllers & ICS, power sourcing equipment controllers & ICS. The global market for power over ethernet is also covered based on power to port segment which is further split into up to 100w, up to 30w, up to 60w, and up to 15.4w. On the basis of end-users, the market for power over ethernet is segmented based on residential, commercial, and industrial.

Key influences such as concerns regarding security could obstruct the power over ethernet market growth. However, as per the power over ethernet market research report, easy installation as well as less downtime will drive growth during the forecast period. These key growth factors will help support the power over ethernet market growth at a high CAGR. The segmental analysis of application, types, power to port, and end-users segments as well as regional market analysis has been presented in the global power over ethernet market research report. Analysts studying the power over ethernet market have presented projections in the power over ethernet market research report assisting power over ethernet market-based companies in numerous ways. The Power over Ethernet Market Size report offers crucial details about the power over ethernet market based on the data and forecasts till 2022.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for power over ethernet are primarily covered in the global power over ethernet market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level power over ethernet markets are covered in the report. In Asia-Pacific (APAC) region, the country-level power over ethernet markets covered are China, India, Japan, and others. The power over ethernet market research report also covers the regional market for power over ethernet spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The power over ethernet market research report further explores other regional markets from the rest of the world including power over ethernet markets of the Middle East and Africa. As per the global power over ethernet market research report.

Competitive Landscape

The rising demand for PD controllers and are expected to accelerate the power over ethernet market growth worldwide. The global power over ethernet market is set to witness challenges including concerns regarding equipment safety, however, companies in the power over ethernet market will sustain the growth rate. The power over ethernet market research report also offers company profiles of key players operating in the power over ethernet market around the world. Additionally, the global power over ethernet market report provides detailed analysis of the market based on primary and secondary research data collected from the power over ethernet market’s key decision makers as well as stakeholders. The power over ethernet market research report covers all such factors assisting companies in the power over ethernet market to improve their plans and portfolio.

Industry News

DITEK Networks will announce the introduction of its latest line of network switches for industrial applications equipped with Gigabit Power over Ethernet (PoE+). The products in this new series, which includes both 4port and 8-port versions, are designed in a sturdy metal box with a high PoE power budget fanless design. This new line offers the IT and safety integrators a new option for inexpensive and easy-installation driven networks that are suitable for challenging environments as a welcome addition to 3 additional DITEK PoE networks.

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Radio Frequency Component Market Emerging Audience, Segments, Market Sales, Profits and Regional Study | Impact of COVID-19

Market Scenario

Market Research Future (MRFR), in its latest “Radio Frequency Component Market” report, discusses factors that can cause alterations in the market dynamics. According to MRFR analysis, the radio frequency component global market is likely to rise at about 16% CAGR by 2022. The accuracy offered by radio frequency in transmission of signals are creating the demand for radio frequency components. This is observed to add momentum to the radio frequency component market 2020. The radio frequency component market size ascension can be attributed to the evolution in connectivity. The growing popularity of wireless communication can underpin the radio frequency component market business growth. By 2022, the RF Component Market can value at about USD 16 Bn, after an escalation from USD 6 Bn recorded in 2016, reveals MRFR analysts. As per Radio Frequency Component Market Analysis top companies analysis, the penetration of radio frequency component technology in different fields of business can generate considerable revenue in the years to come. Product line-ups among other ongoing radio frequency component market trends are likely to have an acute impact on the radio frequency component market business growth through the assessment period. While North America can secure the highest radio frequency component market share, APAC owing to its robust telecom infrastructure can upend the market status. However, it is likely that due to comparatively higher expense in RF components over barcode systems, their market growth be restraint.

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Key Players

MRFR identified well-established players of the radio frequency component global market. They are; Murata Manufacturing Co., Ltd. (Japan), Qorvo Inc. (U.S.), Skyworks Solutions, Inc. (U.S.), Tsinghua Unigroup (China), Vectron International, Inc. (U.S.), Broadcom Limited (U.S.), WIN Semiconductors Corp. (Taiwan), Danaher Corp. (U.S.), and Mitsubishi Electric Corporation (Japan) among others. The expansion of the radio frequency component market can be credited to the perseverance of potential new entrants. The flourishing e-commerce business and the large scale adoption of wireless connectivity solutions are creating several growth prospects for new business enthusiasts. Top-notch tech companies are invested in developing better communication solutions and start-ups are adopting active strategies to earn revenue with the assistance of disruptive solutions. Thus, the transformation in the competitive landscape of technology, telecom, IT, and e-commerce can favor the worldwide radio frequency component global market.

Segmental Analysis

The study of the radio frequency component global market is based on components, material, and end-users.

The component-based segments of the radio frequency global market are antenna switches, filters, duplexer, amplifiers, and modulators & demodulators.

The material-based segments of the radio frequency component market are nitride, indium phosphide, silicon, gallium arsenide, and others.

The end users based segments of the radio frequency component market are consumer electronics, automotive, telecommunication, and military among others.

Detailed Regional Analysis

North America to head the global Radio Frequency Components Industry in the review period. The regions houses tech-savvy people and their inclination towards convenient lifestyle is drawing the need for radio frequency component in different sectors, the telecom sector being the highly influenced. The US to be at the forefront of the regional market growth curve, In Asia Pacific, telecos are dedicatedly invested in establishing sustainable infrastructure for 5G connectivity. This can cause the global radio frequency component market to surge. Following the expansion of the IT and telecom sector in China, South Korea, and India are likely to improve the impetus of APAC radio frequency component market. The high purchase power and the presence of demographic determiner can entail the regional market rise across the review period. Europe, the region with high research potential and a large number population drawn towards consumer electronics with seamless connectivity features can boost the growth of the radio frequency market. EU RF component market can thrive due to high use of electronic devices for industrial, commercial, and residential purposes.

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IOT- Identity Access Management Market Key Leaders, Emerging Technology, Competitive Landscape by Regional Forecast to 2027 | Impact of COVID-19

Market Analysis

The global IoT identity access management market is predicted to touch USD 20 billion at a 16% CAGR between 2016- 2022, reveals the current Market Research Future (MRFR) report. IoT identity and access management, simply put, is a complex process that contains different technologies, policies, activities, and procedures that need the synchronization of the company department like IT and human resources. They confirm the approved employees to receive access to the right resources across the complicated technological environment.

Several factors are adding to the global IOT- Identity Access Management Market Opportunity. Some of these factors, according to the MRFR report, include the growing adoption of cloud services, rising consumer-centric identity access management, boosting consumer-grade identities by BYOD and social media, growing awareness regarding compliance management, increasing need for mobility solutions, and increase in security concerns among organizations. Besides, demand for mobility solutions, and growing SaaS and cloud adoption are also adding market growth.

On the flip side, complex integration, difficulty in collaborating with IoT, inconvenience to manage the distributed workforce, constant up-gradation of differentiation techniques and valuable features by competitive vendors, budgetary constraints, lack of identity standards, and implementation related to implementation guidelines and accurate assignment of security policies to specific users may impede the market growth over the forecast period.

Key Players

The prominent players profiled in the IoT identity access management market report include CA Technologies (U.S.), Cloud Security Alliance (U.S.), ARCON Tech Solutions (India), Oracle Corporation (U.S.), Siemens AG (Germany), Intel Security Group (U.S.), EMC Corporation (U.S.), Hitachi, Ltd. (Japan), Microsoft Corporation (U.S.), and IBM Corporation (U.S.).

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COVID-19 Analysis

Every segment had faced the brunt of the COVID-19 pandemic, including businesses and individuals. The internet is playing a crucial role all across the globe. Owing to the pandemic, there has been an increasing dependency on online businesses. Manufacturing industries, energy and utilities, transportation and logistics, education, public sector, healthcare, retail, and BFSI, among others, are making the most of the internet to offer consumers with necessary services. This is likely to have a positive impact on the global IoT identity access management market.

Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global IoT identity access management market based on industry type, consumer type, deployment, and services.

By services, the IoT identity access management market is segmented into single-sign-on (SSO), access management, password management, directory services, multi-factor authentication, and user provisioning. Of these, the user provisioning segment will lead the market over the forecast period.

By deployment, the IoT identity access management market is segmented into hybrid, on-premise, and on-cloud. Of these, the on-premise segment will dominate the market over the forecast period.

By customer type, the IoT identity access management market is segmented into large enterprises, small and medium enterprises, and others.

By industry type, the IoT identity access management market is segmented into manufacturing, media and entertainment, banking and financial services, retail and e-commerce, education, energy and utility services, government, IT and telecom, and others. Of these, the banking and financial services will spearhead the market over the forecast period.

Regional Analysis

By region, the global IoT identity access management market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will lead the market over the forecast period for the rapid adoption of mobile applications and cloud applications, and federal government organizations emphasizing on the use of personal identification card to access government IT infrastructure are adding to the global IoT identity access management market growth in the region.

In Europe, the IoT identity access management market is predicted to hold the second-largest share over the forecast period for the establishment of government cyber authorities’ policies to safeguard confidential data.

In the APAC region, the IoT identity access management market is predicted to have healthy growth during the forecast period. The rising use of cloud-based services by small and medium sized enterprises in India and China is propelling the market growth.

In the RoW, the IoT identity access management market is predicted to have sound growth over the forecast period for improving IT infrastructure.

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Access Control as a Service (ACaaS) Market Size, Growth, Key Vendors, Drivers and Trends by Forecast to 2027 | Impact of COVID-19

According to Market Research Future (MRFR), The global Access Control As A Service Market had a valuation of USD 764.8 million in 2017 and is expected to reach USD 1,953.1 million with a staggering CAGR of 17.18% from 2017 to 2023 (forecast period). The report provides a complete and accurate review of the effects of the Covid-19 pandemic on the global access control as a service market.

Access control systems are used to control and administer all operations (including identification, authentication, and authorization of users) at the premises of any facility. These systems are effective in vertical industries such as BFSI, government, education, healthcare, retail, energy & utilities, and transport, among others. However, this process of monitoring and overseeing all operations around the premises results in increased costs being incurred by companies. This encouraged service providers to develop cloud-based access control solutions for both commercial and industrial purposes.

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Access control as a service is a cloud-based solution that is deployed to authenticate and thus allow users to improve the physical security of the facility, as well as to optimize business processes and end-user experience across the network. This allows users to gain access to web applications and services from anywhere. For example, PopSockets LLC has deployed the Pure IP access control system of ISONAS across its Colorado premises to limit employees' access. The Pure Access Cloud of ISONAS is a cloud-based software that can be conveniently deployed around the facility. This provided PopSockets with greater scalability, reduced infrastructure costs, and operating costs.

Market Dynamics

With the advent of bring your own device (BYOD) in IT companies, security issues have been linked to the growth of access control as a service market. In addition, the growing usage of cloud computing platforms, along with the adoption of IoT, is accelerating market growth. On the other hand, the lack of knowledge among system integrators hinders the growth of the market. Furthermore, the implementation of access control as a service from third-party providers can result in vulnerabilities and data breaches.

Market Segmentation

The global market for access control as a service has been segmented into service, deployment, and end-user.

By service, the global market for access control as a service has been segmented into managed services, hybrid services, hosted services, and other services.

By deployment, the global market for access control as a service has been segmented into public cloud, private cloud, and hybrid cloud.

By the end-user, the global market for access control as a service has been segmented into BFSI, government, education, transportation, healthcare, retail, energy & utilities, and others.

Regional Analysis

By region, the global Access Control As A Service Market Size has been segmented into North America, Asia Pacific, Europe, and the rest of the world.

North America dominates the ACaaS market due to increasing concerns about the security of companies. Throughout the North American region, most of the market is dominated by countries like the US and Canada due to continuous developments throughout cloud-based technology.

The Asia Pacific region is estimated to be the fastest-growing area in the ACaaS market due to significant investment by foreign IT companies in the region. Countries like India, Indonesia, and the Philippines are a major investment hub due to low infrastructure costs and flexible government regulations. Nonetheless, there is a lack of infrastructure provided by these countries to promote adequate security and data protection solutions. This reinforces the need for access control as a service in the Asia Pacific region.

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Software Defined Storage Market Size, Share, Growth Factors, Competitive Landscape and Forecast to 2027 | Impact of COVID-19

Market Synopsis

The global Software-Defined Storage market is estimated to grow from USD 4.72 Billion in 2016 to USD 18.5 Billion by 2022, with a CAGR of 27% by the end of the forecast period.

In this fiercely competitive environment, organizations have started paying concentrating on modern technology to have a cutthroat edge over their opponents. By the utilization of SDS, this assists in reducing the cost by automating process controls and by replacing the traditional hardware by software.

Key Players

The distinguished players in the market of software-defined storage market are SwiftStack(USA), EMC(UK), NetApp(US), IBM(US), Juniper Networks, Arista Networks(US), HP(US), Ericsson(Sweden), Big Switch Networks(USA), Brocade(US), NEC(US), VMware(US), 6Wind(France), Cisco(US), Avaya(California), and others.

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Software-define storage is a central part of the software-defined data center and is an upcoming information technology (IT). It has been designed for enterprises to collect business data and implement the on-time delivery of IT services. The expansion of the Software-defined storage market is upsurge by the adequate and efficient management of unstructured data, whereas the assimilation of several analytics solutions with the Software-define storage solutions for big data management amends the price and assists to propel the business.

The market of Software Defined Storage Market Research appears to be fiercely cut-throat. To maintain and establish their market position and to drive the market expansion, several compelling and varied international enterprises, domestic organizations and as well as new entities create a competitive environment. Market leaders are innovating constantly and continuously achieving market growth through several strategic innovation and unique ideas, economic product portfolio, mergers and acquisitions, increased expense for research and development. Major competitors are spending immensely on acquiring other firms and internal research and development.

Software-Defined Storage Global Market Segmentation

The Software-Defined Storage Market can be segmented into 6 important segments. The segmentation is on the basis of region, end-user, organization size, usage, software, and component.

On the basis of region, the market can be classified into Europe, Asia Pacific, North America and the Rest of the World (RoW).

On the basis of end-user, the market can be classified into Banking, Financial Services, and Insurance (BFSI), Comprises Education, Media, and entertainment, Logistics, and warehouse, Comprises Education, and others.

On the basis of organization size, the market can be classified into large enterprises and Small and Medium Businesses.

On the basis of usage, the market can be classified into Storage provisioning and high availability, Comprises Surveillance, Data backup and disaster recovery, and others.

On the basis of software, the market can be classified into data management and storage hypervisor, Comprises SDS server, SDS controller software, compliance software, data security, and others.

On the basis of components, the market can be classified into Platforms/Solutions (Data Security & Compliance, Data Management, Software-Defined Server, Controller, and Hypervisor) and Services among others.

Regional Analysis

The Software-Defined Storage market can be classified into four regions which include Asia Pacific, North America, Europe, and the Middle East and Africa (MEA).

North American market is appearing as the fastest expanding market and is estimated to be the largest market by the end of the review period owing to the rising demand of smart safety devices and also due to the major competitors in the North American region like Dell and NetApp. The North American market is followed by Europe and the Asia Pacific as the second largest and the third-largest market for Software-Defined Storage solutions. The increase in demand for intelligent safety devices can propel the expansion of the North American market.

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Industrial Robotics Market Opportunities, Demand, Growth, Application and Forecast to 2027 | Impact of COVID-19

The industrial robotics market is garnering substantial traction, mainly due to the rapid industrialization across the globe. Besides, the market growth mainly attributes to the rising demand for automated, programmable machines to reduce the tiring efforts of producing & manufacturing consumer goods. Moreover, rising uptake of articulated, SCARA, and Cartesian robots across the rapidly growing industries escalate market growth. According to Market Research Future (MRFR), the Industrial Robotics Market Share valuation is projected to reach USD 81 BN by 2022, growing at approximately14% CAGR throughout the review period (2016 – 2022). The COVID 19 pandemic has accelerated the digital transformation, promoting social distancing. The epidemic has also fostered automation in distinct technology areas, increasing uses of technologies such as 5G, cloud/edge, and artificial intelligence.

Additionally, the high demand for robotics, especially in manufacturing sectors, and growing investments in the automotive industry, boost the growth of the market. Also, growing technological advances and adoption of robotics in small & medium size organizations accelerate market growth. Furthermore, the advantages of articulated robots, such as the reduced overall production cost, substantiate the size of the market.

Conversely, high initial costs and complexities involved in the development and installation of industrial robots are major factors anticipated to impede market growth. Nevertheless, the industrial revolution 4.0 would support market growth throughout the review period, creating a substantial demand for automation across industries such as automotive, aerospace, pharmaceuticals, and electronics.

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Industrial Robotics Market - Competitive Landscape

Highly competitive, the industrial robotics market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, players incorporate strategic initiatives such as collaborations, mergers & acquisitions, expansion, and product/ technology launch. They make substantial investments in new product developments and geographical expansion. Industrial robotics market trends include relentless innovations and new products, resulting in intense competition among manufacturers.

Major Players:

Players leading the global industrial robotics market are Denso Corporation (Japan), ABB Ltd. (Switzerland), Kuka AG (Germany), Bosch GmbH (Germany), Kawasaki Heavy Industries Ltd. (Japan), Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Fanuc Corporation (Japan), Toshiba Corporation (Japan), and Rockwell Automation, Inc. (US), among others.

Global Industrial Robotics Market - Segments

The report is segmented into four dynamics;

By Types: Cartesian, Articulated, SCARA, Delta, Redundant, 6-Axis Robots, Dual-Arm & Parallel Robotics, and others.

By Application: Welding, Material Handling, Assembling, Painting, Palletizing, and others.

By End-Users : Electronics, Automotive, Rubber & Plastic, Food & Beverage, Entertainment, Pharmaceuticals, and others.

By Regions: Asia Pacific, Americas, Europe, and Rest-of-the-World.

Global Industrial Robotics Market - Regional Analysis

The Asia Pacific region dominates the global industrial robotics market. The market growth attributes to the strong presence of several notable players and well-established development centers, allowing advances in robotics and the early uptake. Besides, the growing industrialization and production drive the growth of the market. Moreover, rapid economic growth and increased R&D activities increase the size of the market.

Japan is the leading market of industrial robotics, followed by China and India, respectively. With its vast investments in the development of articulated robotics and the manufacturing processes, India demonstrates the maximum potential to grow during the assessment period. Furthermore, the rising demand for new autonomous technology from the burgeoning automotive and aircraft sectors fosters the growth of the regional market.

Europe, with more than 50% of industries, stands second in the global industrial robotics market. Maximum industries in the region have implemented robotics technology to operate their activities. The market growth is driven by the strong presence of auto manufacturers and the need for automated vehicle manufacturing processes. Additionally, increasing R&D activities to develop robotics, act as major tailwinds for the market growth in the region. Germany, heading with both flourishing industries and the availability of futuristic technologies, lead the regional market.

North America also shows substantial growth in the industrial robotics market. Factors such as the increasing development in automation and the high adoption of automation in production units substantiate market growth. Furthermore, the growing demand for industrial robotics from burgeoning industries in the region propels the growth of the market. Moreover, the increasing focus on enhancing communication capabilities, especially for the defense sector in the region, pushes the industrial robotics market size.

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Industry/ Innovation/ Related News

October 02, 2020 ----- ABB (Switzerland), a multinational corporation automation company, announced the acquisition of Codian Robotics B.V. (Netherlands), a leading provider of delta robots, to enhance its portfolio of high-speed industrial robots. Codian Robotics offers delta robots primarily for high-precision pick and place applications, including a hygienic design line, ideal for hygiene-sensitive industries like food & beverage and pharmaceuticals.

With the transaction, ABB is accelerating its engagement in the growing field of delta robots. The acquisition signed and closed on October 1, 2020, underscores ABB’s focus on breakthrough technology, helping customers with automation and increases their flexibility in a rapidly changing business landscape. Codian’s Robotics and industry expertise are the perfect addition to ABB’s suite of F&B, pharmaceutical, service robotics, and logistics solutions, supporting its machine-centric robotics offering.

Thursday 24 February 2022

Robotic Vision Market Top Players, Demands, Overview, Component, Market Revenue and Forecast | Impact of COVID-19

The global robotic vision market is proliferating, garnering increasing traction. Robotic vision technology finds applications in the development of both humanoid robots and industrial robots. Industrial automated machines equipped with robotic vision provide ideal solutions for customized production. The market growth attributes to the emergence of autonomous robots helping the image processing. Besides, significant investments in robotic vision escalate the growth of the market.

According to Market Research Future (MRFR), the global Robotic Vision Industry is projected to garner substantial accruals by 2023, growing at an impressive CAGR during the forecast period (2018 – 2023). The recent shift in focus towards the customized mass production positively impacts the market growth. Upgrades in machine learning and deep learning technologies for improved image processing are offering opportunities for the development of the market.

Global Robotic Vision Market - Competitive Analysis

Highly competitive, the robotic vision market appears to be fragmented due to the presence of several well-established players. Incorporating strategic initiatives such as collaboration, acquisition, partnership, product/ technology launch, and expansion, these players try to maintain their market positions.

These strategies help the market players to gain a larger competitive advantage in the market and to meet their expansion plans. They focus on new technology development initiatives and geographical expansion. The market would witness relentless innovations and developments, which, as a result, would intensify the competition among these players.

Major Players:

Players leading the global Robotic Vision Technologies Market include Yaskawa Electric Corporation (Japan), FANUC Corporation (Japan), OMRON Corporation (Japan), Cognex Corporation (U.S), KUKA AG (Germany), ABB Group (Switzerland), Keyence Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), SICK AG (Germany), and Basler AG (Germany), among others.

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Increasing demand for automated industrial processes from various sectors further drives the growth of the global robotic vision market. Increase in investments by production and manufacturing companies in research and development of robotic vision technologies scale up the development of the market. Additionally, the rise in demand for improved quality, safety, and efficiency of industrial automated process influence the global robotic vision market share.

Moreover, increased flexibility and rapid deployment of robotic vision in industrial production lines are some other factors pushing the growth of the market. Furthermore, the increasing adoption of cognitive humanoid robots for various applications boosts the global robotic vision market. Conversely, compatibility issues, and low adoption of robotic vision in small-scale enterprises are the major factors expected to impede the market growth.

Global Robotic Vision Market - Segmentation

The report is segmented into five dynamics;

By Component: Hardware (cameras, optics, filters, lenses, sensors, others) and software (tracking, image processing, others).

By Technology: 2D and 3D.

By Application: Material Handling, Welding, Load/Unload, Bin Picking, Assembly, Processing, Washing, Painting, Inspection & Testing, Assisted Living, and others.

By Vertical : Automotive, Aerospace, EMS (electronic manufacturing services), Food & Beverages, Rubber& Plastics, Precision Engineering & Optics, Pharmaceuticals & Cosmetics, Consumer, Military, Healthcare, and others.

By Regions: Europe, North America, Asia Pacific, and Rest-of-the-World.

Global Robotic Vision Market - Regional Analysis

The Asia Pacific region dominates the global robotic vision market. The leading market share attributes to the growing industrialization in countries like India and China. Besides, the rising adoption of automation in quality control and material handling applications drives the growth of the regional market.

Moreover, significant advances in robotics, alongside the massive uptake of automation in the burgeoning automotive sector, foster the growth in the regional market. Also, increased R&D investments led by the rapid economic growth in the region, and advanced automotive robotic technology propel the regional market. The APAC robotic vision market is projected to retain its dominance throughout the forecast period.

North America accounts for the second-largest share in the global robotic vision market. The region is a hub for and has state-of-the-art development centers, allowing the ease of designing, programming, and implementation of advanced robotics. Additionally, the market growth is driven by substantial investments by companies in the development of machine learning and deep learning technologies for image processing.

Furthermore, the rising adoption of automation in the food and beverage industry boosts the growth of the robotic vision market in the region. Moreover, the presence of a well-established automotive sector and a number of automakers who strive to improve automation in their manufacturing processes positively impact the growth of the regional market.

The Europe robotic vision market has emerged as a promising market globally. Factors such as the strong presence of auto manufacturers and the need for automated vehicle manufacturing processes influence the regional market growth. Besides, increasing R&D activities to develop robotics are other factors acting as tailwinds for the growth of the regional market. Germany, heading with both a flourishing automotive sector and the availability of futuristic technologies, lead the regional market.

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Industry/ Innovation/ Related News

October 08, 2020 ----- Omron Corporation (Japan), an electronics industrial automation company, launched the world’s first robotic integrated controller – NJ501-R. New fully automated production system offers real-time synchronization between all automation equipment, including robots, vision components, drives, and safety equipment.

With the integrated controller, it would be possible to automate advanced and complex manual work, simulate the design & modification of production facilities in a virtual environment, and conduct maintenance remotely.

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Mobile Power Bank Market Revenue, Development Strategy, Growth Potential, Analysis and Business Distribution | Impact of COVID-19

Asia Pacific to Dominate Global Mobile Power Bank Market

The global Mobile Power Bank Market is expected to exhibit a strong 24% CAGR over the forecast period from 2016 to 2022, according to the latest research report from Market Research Future (MRFR). The global mobile power bank market is expected to make steady progress over the forecast period due to the growing demand for mobile power banks from young consumers, who demand ceaseless operation of mobile phones, necessitating the use of power banks. The report presents a detailed, comprehensive overview of the global mobile power bank market’s movement over the forecast period. Historical statistics about the global mobile power bank market are used to make solid projections about the market’s movement over the forecast period. The leading factors and trends affecting the global Mobile Power Bank Market Research competitive landscape are also profiled in the report. Major players in the global mobile power bank market are also profiled in the report. The report also provides a concise analysis of the impact of the COVID-19 pandemic on the global mobile power bank market.

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Mobile power banks are rechargeable power banks that can be used to charge up rechargeable consumer electronics such as mobile phones. The growing consumption of mobile phones in recent years has been a major driver for the global mobile power bank market. Mobile phones are often used by businessmen who are often on the move for business purposes. This necessitates portable power banks that can recharge their mobile phones in places where conventional charging infrastructure may be absent. The high and continuous usage of mobile phones by businessmen is also a major driver for the global mobile power bank market. The growing number of urban businessmen is likely to be a major driver for the global mobile power bank market over the forecast period.

The growing use of mobile phones for mobile gaming is also likely to be a major driver for the global mobile power bank market over the forecast period. Mobile gaming has emerged as a highly popular pastime among urban as well as rural middle class customers. The easy availability of low-end and mid-end smartphones has driven up the demand for mobile gaming in the last few years. However, mobile gaming is a highly power-intensive exercise and requires the use of efficient power banks to make up for the battery power lost in gaming. This is likely to remain a key driver for the global mobile power bank market over the forecast period.

Competitive Leaderboard:

Leading players in the global Mobile Power Bank Market Size include ADATA Technology Co. Ltd., OPPO Electronics Corp., The Targus Corporation, PNY Technologies Inc., Lenovo Group Ltd., Gold Peak Industries (Holdings) Ltd., Anker Technology Co. Ltd., Apacer Technology Inc., Xiaomi Inc., Panasonic Corporation, Microsoft Corp., Sony Corporation, and Samsung Electronics Co. Ltd.

Segmentation:

The global mobile power bank market is segmented on the basis of capacity, battery type, power bank type, number of USB ports, and region.

By capacity, the global Mobile Power Bank Market Size is segmented into 1000-2500 mAh, 2600-5000 mAh, 5100-10400 mAh, and more than 10400 mAh. The more than 10400 mAh segment is likely to hold an important share in the global mobile power bank market over the forecast period.

By battery type, the global mobile power bank market is segmented into Li-ion and Li-polymer.

By power bank type, the global mobile power bank market is segmented into portable, USB plugin, solar chargers, and others.

By number of ports, the global mobile power bank market is segmented into single port and multiple port.

Regional Analysis:

Asia Pacific holds the largest share in the global mobile power bank market and is likely to remain the leading revenue generator over the forecast period. The growing consumer electronics industry in Asia Pacific is a major driver for the mobile power bank market. Countries such as China and India are likely to remain major players in the global mobile power bank market over the forecast period.

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Nanowire Battery Market In-Depth Analysis, Specifications and Forecast 2022 to 2027 | Impact of COVID-19

Market Overview

The worldwide Nanowire Battery Market is expected to grow at a higher CAGR during the analysis period. As nanotechnology is going on-trend, nanowire batteries are also increasing the demands among consumers and industries.

According to the Nanowire Battery Market Forecast report, the global market is driving the market growth because of the changing preferences of consumers from traditional batteries to nanowire batteries. Moreover, these nanowire batteries can handle thousands of recharge cycles, which is fueling the market growth in the review period.

In addition, the higher adaptability, low manufacturing cost, and the adoption of technologically advanced products by the consumers and industries to run their applications are some of the important growth driving factors to the global market. However, the susceptibility towards the edge effect and the unprecedented Covid-19 pandemic might hamper the growth of the global market.

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Market Segmentation

According to Nanowire Battery Market Size, the global market has been categorized into different segments such as applications and material type. Based on the material types segments, the global market has been segmented into Transition Metal Oxides, Silicon, Gold, and Germanium. For instance, the silicon-based nanowire battery segment is expected to grow at a higher Nanowire Battery Market Value along with the highest CAGR during the forecast period.

The global Nanowire Battery Market has been classified into different applications such as the automotive sector, consumer electronics devices, energy storage, healthcare sector, power generation, and others based on the application segment. Many industries highly prefer nanowire batteries for diverse applications, which is thriving the global market demand and growth in terms of value during the forecast period. Apart from that, the medical devices industry is contributing majorly to the global market, which is projected to grow in the upcoming years.

Regional Analysis

Based on regional analysis, the worldwide market has been widely classified into different regions of the world, including Europe, North America, the Middle East & Africa, Asia Pacific, and the rest of the world.

The Nanowire Battery Market of North America is leading the global market by creating the highest Nanowire Battery Market Value during the forecast period. This region is showing higher growth potential due to the presence of major key players in the region. These market leaders are spread across the USA and Canada to keep the North American market at the top.

Moreover, the Asia Pacific regional market is projected to generate a higher CAGR in the analysis period due to the presence of automotive and consumer electronics industries in the region fueling the nanowire batteries demand. In addition, the growing demand for wearable devices and smartphones is boosting up the global market demand in the region.

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Industry News

In 2016, many researchers at the University of California developed a new type of gel coat. This development has aimed to increase the nanowire batteries' recharge cycle. For instance, the University of Utah's researchers used hydrogels in August 2018 for producing transistor switches that possess the flexibility and stretchable quality. The hydrogels are being used for embedding nanoparticles as a structural and functional material to develop the switches, sensors, and other electronic devices or gadgets.

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Wireless Sensor Network (WSN) Market Opportunities, Overview, Component, Market Revenue and Forecast to 2027 | Impact of COVID-19

Market Overview

The worldwide Wireless Sensor Network Market is projected to grow the market value at a CAGR of 14% from 2020 to 2025. The WSN market has brought more scope for home mechanization, modern medical care, and others due to the sensors usages in different hardware gadgets and economic accessibility of sensors.

The global WSN market is thriving its growth because of the developing interest in robotized frameworks. Moreover, the computerized frameworks include a few advantages like better efficiency, less human mistake, and many others, which is propelling the growth of the WSN market. In addition, the presentation of advanced innovation like a web of things (IoT), artificial reasoning (A.I.), fifth-era remote innovation 5G, and others are also boosting up the Wireless Sensor Network Market Size during the review period. Further, the WSN market will be supported in the upcoming years because of the expanding autonomous vehicles, self-driving vehicles, and electric vehicles that utilize remote sensor networks.

However, the expansion of information interruptions can hinder market growth. Additionally, the worldwide market might experience challenges due to the less ability of the sensor to work and handle different tasks at a time.

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Market Segmentation

According to the Wireless Sensor Network Market the present market is segmented based on the type, connectivity, and end-user. Depending on the end-user type segment, the WSN Market has been fragmented into Automotive, Energy & Power, Aerospace & Defense, Healthcare, Oil & Gas, and Food & Beverage.

In terms of type segment, the global WSN market has been segregated into Position & Proximity, Blood Glucose Sensors, Accelerometers, Blood Oxygen Sensors, Carbon Monoxide Sensors, Electrocardiogram Sensors, Humidity Sensors, Image Sensors, Heart Rate Sensors, Temperature Sensors, Pressure, Ambient Light Sensors, Chemical Sensors, Flow Sensors, Level Sensors, and Inertial Measurement Units.

Based on the connectivity type segment, the Wireless Sensors Network Market has been segmented into Bluetooth Low Energy Bluetooth or Bluetooth Smart, Wireless Fidelity, Cellular Network, Near-Field Communication, Global Navigation Satellite System Module, Zigbee, Wireless Highway Addressable Remote Transducer, and Bluetooth WLAN.

Regional Analysis

As per the Wireless Sensor Network Market, the worldwide market is segmented into different geographical areas such as North America, Asia Pacific, Europe, Middle East & Africa, and Latin America.

The North American Wireless Sensor Network Market is dominating the worldwide market by creating significant market value in the review period. This region is growing upwards due to the high preferences of WSNs among the notable players (Honeywell International, Emerson Electric, and Texas Instruments)and the U.S. military in the region.

The growth of the North American market relies on the high adoption of smart factories, many industrial WSN manufacturers, and intelligent manufacturing. Moreover, the railroad industry of the region is highly focused on advanced monitoring and alerting, which is leveraging the Wireless Sensor Network Market in the forecast period.

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Industry News

In November 2019, STMicroelectronics declared STM32WB50 Value Line remote microcontrollers. These remote microcontrollers aim to serve costly associated gadgets required to help ZigBee® 3.0, Bluetooth® 5.0, or Open Thread.

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Sensor Fusion Market Strategy, Emerging Technologies, Global Trends and Forecast to 2027 | Impact of COVID-19

Sensor fusion is the utilization of sensors from discrete sources to form a whole image. The sources can include cameras, LiDAR, and radars. The global sensor fusion market report by Market Research Future (MRFR) provides an outlook on the various sensor algorithms, software developed, and the various upgrades for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its impact on the industry is explored at depth in the report.

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Competitive Outlook

Robert Bosch GmbH, Cummins, Inc., Baselabs, MEMSIC, Inc., NXP Semiconductor N.V., Senion, Analog Device, Inc., Kionix, Inc., Microchip Technologies Inc., Renesas Electronics Corporation, and STMicroelectronics are key players of the global sensor fusion market.

Market Scope

The worldwide Sensor Fusion Market Size is expected to grow from USD 2.25 billion in 2017 to USD 6.37 billion by 2023 at a compound annual growth rate (CAGR) of 19.45% during the forecast period. The integration of sensors in smartphones and other consumer electronic devices as well as its miniaturization can drive the industry. The dipping prices of micro-electromechanical systems (MEMS) and its potential in climate monitoring, healthcare, industrial control, healthcare, and automotive systems can spur the market growth.

The rise of wearables, autonomous vehicles, and robots can provide plenty of growth opportunities for the market. Advances in internet of things (IoT) and context awareness can favor the market. Furthermore, the development of hybrid networking infrastructure, sensor fusion algorithms, and aggregation of data from multiple sensors can bode well for the market. The Kalman filter is a prime example which models the previous and current versions of the system through continuous monitoring. Implementation of neural networks and machine learning for fusion of data and security to increase reliability and integrity of normal operations can lead to its adoption among various industrial sectors.

However, complexities in the marriage of sensor fusion and software can pose a challenge to the market.

Segmentation

Based on technology, the market is segmented into MEMS and non- MEMS. The MEMS technology can capture a significant share of the global sensor fusion industry owing to its application in gesturer recognition, navigation, activity tracking, and others.

By product type, the market is segmented into accelerometer + magnetometer + gyroscope, accelerometer + magnetometer, environmental sensor, inertial combo sensor, and others.

By axis, the market is segmented into 6-axis and 9-axis.

By application, the market is segmented into military, consumer electronics, medical, automotive, home automation, and others. The automotive segment is likely to herald a large revenue share due to the use of sensor fusion in advanced driver assistance systems (ADAS) and interest in safety applications. On the other hand, home automation is likely to fetch revenues during the assessment period owing to the rise of connected ecosystem and demand for home automation devices.

Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

APAC is expected to capture the highest market share by 2022, due to growing demand for consumer electronic devices such as smartphones, tablets, and wearable devices. Moreover, development in autonomous vehicles and the changing automobile landscape is further fueling the growth of this market. The high demand for non-MEMS technology in automobiles due to demand for image and radar-based products can favor the regional market growth.

North America followed by Europe is dominating the global sensor fusion industry owing to major presence of automotive key players in this region. Moreover, Canada and US being developed economies focuses more on research and development (R&D) and are early adopters of advanced technologies.

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