Semiconductor and Electronic Market Research Report Study

Photolithography Equipment Market worth $18.0 billion by 2025, at a CAGR of 9.1%

noreply@blogger.com (Jack Wallner) — Thu, 13 Jul 2023 04:34:00 +0000

According to a research report "Photolithography Equipment Market with COVID-19 impact by Type (EUV, DUV), Light Source (Mercury Lamps, Excimer Lasers, Fluorine Lasers, Laser-Produced Plasma), Wavelength, End User and Geography - Global Forecast to 2025", published by MarketsandMarkets, the photolithography equipment market was valued at USD 11.6 billion in 2020 and is projected to reach USD 18.0 billion by 2025; it is expected to grow at a CAGR of 9.1% from 2020 to 2025.

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Browse 100 market data Tables and 49 Figures spread through 164 Pages and in-depth TOC on "Photolithography Equipment Market and Geography - Global Forecast to 2025"
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The key factors driving the growth of the photolithography equipment market include the advent of advanced semiconductor manufacturing technologies and the increased government support for carrying out these advancements. The key players in the market are focusing on research and development activities. They are launching new technologies to improve the photolithography process used for the manufacturing of semiconductor devices.

EUV is expected to boost the photolithography market between 2020 and 2025

The adoption of EUV photolithography equipment reduces the requirement of re-engineering each new process, thereby enabling 7 nm and 5 nm processes (and their successors) to share design rules. This approach is expected to significantly reduce the transition time of new geometries, thereby resulting in new options and opportunities for customers in the marketplace.

270 nm – 170 nm holds the largest market share photolithographic wavelength in 2019

The 270 nm–170 nm wavelength is largely used in different types of DUV equipment, namely, KrF, ArF, and ArFi. Among DUV equipment, the ArFi segment is expected to account for the largest share of the photolithography equipment market for 270 nm– 170 nm wavelength from 2020 to 2025. The increased demand for high-performance, low-cost semiconductor devices is leading to the shrinking of the feature geometry on silicon wafers.

Laser-produced plasma expected to lead the photolithography equipment market by 2025

Laser-produced plasmas are preferred in newly introduced EUV photolithography equipment. They offer highly improved wavelengths of up to 1 nm. These plasmas act as cold UV sources and offer monochromic light with a bandwidth of 10 nm. The LED used in EUV photolithography equipment is of low cost, requires less power, and has a longer lifespan than other light sources.

Foundries held the largest market share of photolithography equipment market in 2020

Growing investments in wireless technologies such as 5G have opened new opportunities for smartphone OEMs to tap the potential of low-latency augmented reality (AR), virtual reality (VR), and live video streaming applications. This is leading to the development of high-performance and multifunctional ICs. As transistor density increases in ICs, the demand for photolithography equipment for manufacturing these high-density ICs is also growing.

APAC to hold the largest market share of photolithography equipment market in 2020

The photolithography equipment market in APAC is projected to grow at the highest CAGR from 2020 to 2025. In this region, countries such as China, Taiwan, Japan, and South Korea have a number of semiconductor foundries. China, Taiwan, and South Korea are projected to be the leading countries in terms of semiconductor spending in 2021. Increasing investments for the development of foundries and memories in China are expected to establish the country as a leading photolithography equipment market in the world during the forecast period.

The photolithography equipment market is a concentrated one, with the top 3 players ASML (Netherlands), Canon (Japan), and Nikon (Japan)—accounting for a share of ~98% of the market in 2019. ASML (Netherlands) is projected to have a monopoly in the market in terms of the supply of EUV photolithography equipment during the forecast year. Advanced processes, such as 4 nm/3 nm, are expected to be introduced in the market in 2021 and 2022, thereby fueling the demand for EUV photolithography equipment offered by ASML (Netherlands).

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Authentication and Brand Protection Market worth $4.3 billion by 2028, at a CAGR of 8.3%

noreply@blogger.com (Jack Wallner) — Wed, 12 Jul 2023 09:22:00 +0000

According to a research report "Authentication and Brand Protection Market by Technology (Overt, Covert, Digital, Forensic), Offering (Security Labels, Holograms, RFID/NFC, Barcodes, QR Codes), Authentication Mode (Smartphone, Blockchain), Application, Region - Global Forecast to 2028" published by MarketsandMarkets, The authentication and brand protection market is expected to reach USD 4.3 billion by 2028 from USD 2.9 billion in 2023, at a CAGR of 8.3 % during 2023-2028. The major factors driving the market growth of the authentication and brand protection market include increasing prevalence of counterfeiting and intellectual property infringement across various applications, including electronics, pharmaceuticals,apparel and luxury goods.The adoption of blockchain technology for brand protection is increasing due to its decentralized, transparent, and immutable ledger capabilities.

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This facilitates advanced authentication, traceability, and anti-counterfeiting measures. Through blockchain, brands can verify the authenticity of products, trace their origin, and maintain transparency across the supply chain. The availability of advanced technologies and solutions can support brand protection efforts. For example, urban areas can have better infrastructure for implementing track-and-trace systems, deploying digital authentication solutions, and utilizing data analytics to identify and mitigate brand abuse risks.

Smartphone segment is expected to account for the largest share of the authentication and brand protection market during the forecast period.

Smartphone authentication is expected to account largest market share during the forecast period. Leveraging smartphones for product authentication provides a convenient and accessible method for consumers to verify the authenticity of a brand's products. With the rise of counterfeit products and product diversion, brands face significant challenges in maintaining the integrity of their products and protecting their reputation. By implementing smartphone-based authentication solutions, brands can establish a reliable and secure system to differentiate genuine products from counterfeits and identify any instances of product diversion.

The security labels application is projected to account for significant share of authentication and brand protection market in 2022

Security labels and inks are designed materials that bolster the security and legitimacy of products, documents, or packaging. Their primary purpose is to safeguard against counterfeiting, tampering, and unauthorized handling. These labels are designed to show visible signs of tampering or alteration if an attempt is made to remove or manipulate them. These labels may include features like frangible materials, security cuts, or adhesive patterns that leave a residue when peeled off, indicating tampering. Tamper-evident label seals are highly reliable and applicable to all supply chain stages. Security labels find applications in industries such as electronics, pharmaceuticals, food & beverages, automotive, and luxury goods. Owing to these features, security label and inks are expected to contribute major share in the said market.

Asia Pacific is expected to register the significant CAGR during the forecast period

The growing pharmaceutical, electronics and automobile applications in the Asia Pacific region is expected to drive the authentication and brand protection market. Various countries in Asia Pacific, such as China, Japan, and India are focusing on developing and utilizing authentication and brand protection offerings. Rapid urbanization leads to population growth and the expansion of cities, resulting in a larger consumer base and increased demand for products and services. This growth creates opportunities for brands to expand their market presence and establish stronger brand protection measures to meet the rising demand during the forecast period.

The report profiles key players such as Authentix, Brady, DE LA RUE, Avery Dennison, WiseKey, Infineon, Centro Grafico and Sunchemicals and so on.

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Real-time Location Systems Market worth $16.2 billion by 2028, at a CAGR of 25.5%

noreply@blogger.com (Jack Wallner) — Tue, 11 Jul 2023 08:50:00 +0000

The report "Real-time Location Systems Market by Hardware (Tags/Badges, Readers/Trackers), Technology (RFID, Wi-Fi, UWB, BLE, Infrared, Ultrasound, GPS, Zigbee), Application (Inventory/Asset Tracking, Personnel Monitoring), Vertical, Region - Global Forecast to 2028" The global real-time location systems market size is expected to grow from USD 5.2 billion in 2023 to USD 16.2 billion by 2028, at a CAGR of 25.5% from 2023 to 2028. The market for RTLS technology has witnessed rapid growth, with an increasing number of players entering this market with innovative RTLS features for customers. Moreover, the RTLS hardware components are readily and commercially available throughout, so more customers are inclined to use RTLS solutions for asset and personnel tracking applications.

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Browse 205 market data Tables and 62 Figures spread through 263 Pages and in-depth TOC on "Real-time Location Systems Market by Region - Global Forecast to 2028"
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The market for services segment is expected to grow at the highest CAGR during the forecast period.

The services segment mainly comprises deployment and integration services, support and maintenance, and consulting, which are necessary for the successful operation of an RTLS solution. These services help deliver and implement solutions at customer sites and provide the required maintenance after implementation. Services are a critical part of the overall RTLS implementation, which can affect the budget of an enterprise significantly if ignored. The services cost includes installation and regular maintenance, which result in higher expenditure. The demand for consulting services will likely increase as consultation is the most critical parameter that helps decide the type and scale of an RTLS solution required for a specific use case.

The access control & security application is projected to grow at a significant CAGR from 2023 to 2028.

The prime concern of many industries, such as manufacturing, healthcare, government and defense, and education, is the security and safety of their assets and personnel. Access control and security is an important aspect in the areas where tracking of employees or individuals is essential to prevent them from entering non-restricted areas, barring unauthorized people from entering the facility, and alerting industrial facilities beforehand in case of any theft. RTLS solutions can inform an administrator about the location and condition of assets and workers. These systems may be used for safety checks and access control, assuring that the personnel are adequately outfitted with the necessary equipment to perform a particular task or procedure.

North America is expected to hold the largest share of the real-time location systems market during the forecast period.

The high adoption of RTLS solutions in the US is the main factor that has led to the prominent position of North America in the RTLS market. Healthcare, retail, manufacturing and automotive, and transportation and logistics are the major demand-generating verticals for RTLS solutions in the US and throughout North America. For example, various hospitals in the US are using RTLS solutions for multiple applications, and the adoption of RTLS solutions in senior living facilities is also on the rise. Besides, several verticals, such as education, sports, and entertainment, are rapidly adopting RTLS solutions, which would drive the growth of the RTLS market in the US during the forecast period. Wi-Fi technology has traditionally led the market for RTLS solutions in North America; however, the said market in this region is expected to grow at a low rate in the coming years.

The major players in this market include Securitas AB (Sweden), Zebra Technologies Corporation (US), Aruba Networks (US), TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), Impinj, Inc. (US), and Savi Technology (US).

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Supercapacitor Market worth 912 million by 2027, at a CAGR of 14.1%

noreply@blogger.com (Jack Wallner) — Mon, 10 Jul 2023 06:25:00 +0000

According to the new market research report "Supercapacitor Market by Type (Double Layer Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material (Carbon, Metal Oxide, Conducting Polymers, Composites), Application (Automotive, Energy, Consumer Electronics) - Global Forecast to 2027" The global supercapacitor market size is expected to grow from USD 472 million in 2022 to USD 912 million by 2027, at a CAGR of 14.1%. The use of technology-integrated supercapacitor solutions and the inclination of manufacturing companies toward predictive maintenance techniques are the key factors boosting the growth of the market.

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Browse 157 market data Tables and 46 Figures spread through 193 Pages and in-depth TOC on "Supercapacitor Market - Global Forecast to 2027"
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Hybrid capacitor segment to grow at the fastest CAGR during the forecast period.

Hybrid capacitor of the supercapacitor market is expected to grow at the highest CAGR from 2022 to 2027. Hybrid capacitors use one electrode and one electrochemical cell. They have a higher energy density than double-layered capacitors. These capacitors are free from self-discharge and have greater durability than lithium-ion batteries. Hence these capacitors are used on a large scale in off-grid lighting applications, powering LED devices, automotive applications and so on.

Carbon is projected to hold the largest share of the supercapacitor market for electrode material in 2022.

Carbon is expected to capture the largest market share in 2022. Carbon is one of the most abundant materials present in nature. Hence, it is economical to use carbon in energy storage and conversion processes. Carbon materials are ideal for supercapacitors owing to their excellent mechanical strength, good electrical conductivity, high electron mobility, high chemical stability, large surface area, and highly tunable properties.

China to account for a significant market share of Asia Pacific from 2022 to 2027

China is projected to account for the major share of the supercapacitor market in Asia Pacific from 2022 to 2027. The country is a key manufacturer of electronic devices. The country is also know for low cost automotive product manufacturing. It is the most significant economy in the region. Factors such as ongoing industrialization, the rising requirement for replacing aging renewable plants and energy sources, and increasing adoption of preventive maintenance activities by manufacturing firms in automotive, electronics, industrial and other applications is pushing the growth of the supercapacitor market in China.

Panasonic Industry (Japan), Eaton(Ireland), Nippon Chemi-Con(Japan), Maxwell Technologies(South Korea), and Cap-XX(Australia)are the top five players in the supercapacitor market are some of the key players operating in supercapacitor market globally.

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Artificial Intelligence (chipsets) Market worth $64.5 billion by 2028, at a CAGR of 28.1%

noreply@blogger.com (Jack Wallner) — Fri, 07 Jul 2023 07:25:00 +0000

The report "Artificial Intelligence (chipsets) Market by Technology (Machine Learning, Natural Language Processing, Computer Vision), Function (Training, Inference), Hardware (Processor, Memory, Network), End-user Industry and Region - Global Forecast to 2028" The global AI (chipsets) market is expected to be valued at USD 18.6 billion in 2023 and is projected to reach USD 64.5 billion by 2028; it is expected to grow at a CAGR of 28.1% from 2023 to 2028. With the proliferation of connected devices, the Internet of Things (IoT), and the digitization of various industries, a massive influx of data is being generated. AI chipsets are crucial in processing and analyzing this vast amount of data in real-time, enabling businesses to extract valuable insights and make data-driven decisions. However, the high costs associated with developing advanced AI (chipsets) pose a barrier to the growth of this market.

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Browse 153 market data Tables and 56 Figures spread through 245 Pages and in-depth TOC on "Artificial Intelligence (chipsets) Market by Technology and Region - Global Forecast to 2028"
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Computer Vision is expected to hold the highest CAGR for the technology segment during the forecast period.

Computer vision applications often require real-time or near-real-time processing capabilities, mainly when immediate decisions or actions must be based on visual data. The demand for computer vision applications is growing across various industries, including healthcare, automotive, retail, surveillance, robotics, and augmented reality. These applications include object detection, image recognition, facial recognition, autonomous vehicles, and quality control systems. AI chipsets are essential for powering the advanced algorithms and processing capabilities required for real-time, high-performance computer vision tasks.

Inference function to hold the highest market share during the forecast period.

AI chipsets explicitly designed for inference functions are optimized for power efficiency and cost-effectiveness. Many AI applications, such as autonomous driving, industrial automation, natural language processing, and video analytics, require real-time or near-real-time data processing. AI chipsets optimized for inference function enable quick decision-making and response by processing data on the device without relying on cloud or remote servers. This low-latency processing capability is crucial for time-sensitive applications and is driving the growth of the AI chipset market for inference.

Artificial Intelligence (chipsets) market for memory hardware segment to hold the highest CAGR during the forecast period.

AI chipsets with advanced memory hardware are essential for storing and retrieving large datasets and model parameters, enabling efficient and high-performance AI processing. AI workloads, particularly those involving large-scale neural networks, demand high memory bandwidth to efficiently feed the vast amount of data to the processing units. Memory hardware that offers higher bandwidth, such as advanced memory interfaces like GDDR (Graphics Double Data Rate) and HBM, enables faster data transfers and improves overall system performance. The growing need for enhanced memory bandwidth drives the adoption of advanced memory solutions in AI chipsets.

Artificial Intelligence (chipsets) market for the healthcare industry to hold the highest market share during the forecast period.

The healthcare industry has seen a surge in investments in AI healthcare startups and collaborations between technology companies, healthcare providers, and research institutions. These investments drive innovation in AI chipsets, accelerate product development, and facilitate the integration of AI technologies into existing healthcare systems. Collaborations between AI chipset manufacturers and healthcare providers enable the customization and deployment of AI chipsets for specific healthcare needs. AI chipsets are crucial for powering the high-performance computing required to process complex medical data and run AI algorithms in real-time. These factors are driving the adoption of AI chipsets in the healthcare sector.

Artificial Intelligence (chipsets) market in Canada for North America to hold the highest market share during the forecast period.

The Canadian government has recognized AI’s potential and taken proactive measures to support its development. Initiatives such as the Pan-Canadian AI Strategy and the Vector Institute for Artificial Intelligence have been established to foster AI research, talent development, and commercialization. The government provides funding and grants to startups and companies involved in AI research and development, including those in the AI chipset sector. Canada has a robust AI research and development ecosystem, with renowned academic institutions, research centers, and AI-focused companies. Institutions like the University of Toronto, McGill University, and the University of Waterloo have significantly contributed to AI. This research expertise fosters innovation and drives advancements in AI chipsets, leading to market growth.

The Artificial Intelligence (chipsets) market includes significant Tier I and II players like Intel Corporation (US), Nvidia Corporation (US), Qualcomm Technologies Inc. (US), Micron Technology, Inc. (US), Advanced Micro Devices, Inc. (US), and others. These players have a strong market presence for Artificial Intelligence (chipsets) across various North America, Europe, Asia Pacific, and RoW countries.

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IO-Link Market worth USD 33.9 billion by 2028, at a CAGR of 20.0%

noreply@blogger.com (Jack Wallner) — Fri, 07 Jul 2023 05:07:00 +0000

The report "IO-Link Market by Type (IO-Link Wired, IO-Link Wireless), Component (IO-Link Masters, IO-Link Devices), Industry (Process Industries, Hybrid Industries), Application (Machine Tools, Intralogistics Solutions) and Region - Global Forecast to 2028" The IO-Link market is projected to reach USD 33.9 billion by 2028 from an estimated USD 13.6 billion in 2023, at a CAGR of 20.0% from 2023 to 2028. The rise in demand for IO-Link solutions can be attributed to rising demand for industry 4.0 and growing demand for remote configuration, monitoring, and maintenance.

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Browse 207 market data Tables and 58 Figures spread through 231 Pages and in-depth TOC on "IO-Link Market and Region - Global Forecast to 2028"
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IO-Link wired segment to propel market growth during forecast period.

IO-Link wired is used in automated production in industrial environments for linking sensors and actuators. It supports a master–slave configuration with passive connection points, which further reduces wiring requirements. IO-Link wired communication offers transmission of three different data types: service data, process data, and event data. Owing to this, the IO-Link wired segment is expected to account a larger market share of the IO-Link market in 2028.

IO-Link devices segment is expected to dominate IO-Link market in 2028

In 2028, the IO-Link devices segment is expected to dominate the IO-Link market. IO-Link devices refer to intelligent sensors or actuators such as converters, device circuit breakers, I/Os, safety relays, and motor starters connected to a system. IO-Link makes it possible to drive industrial communication from the lowest level of automation—the sensor level. A device has identification data, e.g., type designation, serial number, or parameter data, that is readable over the IO-Link protocol. In addition, IO-Link devices can supply detailed diagnostics data that can be used for preventive maintenance and servicing.

In 2028, discrete industries segment to account largest share of IO-Link market

The discrete industries segment is expected to account the largest share of the IO-Link market in 2028. Discrete manufacturing involves parts and systems such as nuts and bolts, brackets, wires, assemblies, and individual products. A discrete product at the end of its life cycle can be broken down into its components, which can be recycled. Discrete manufacturers use a bill of materials (BOM), and production follows a route, e.g., an assembly line. Discrete manufacturers use automation systems to operate and control motors, robots, and conveyors. Increasing global competition and growing consumer demand encourage discrete manufacturers to improve their production quality and reduce operational costs.

The handling and assembly automation segment to dominate IO-Link market in 2028

Handling and assembly processes are strongly influenced by the products being manufactured in a plant and require flexibility and openness to develop and implement individual processes. The increasing complexity of products and the growing need to run multiple products on the same line have increased the pressure on manufacturers. Hence, IO-Link, being a serial communication standard and capable of connecting valves and RFID read heads, is gaining traction in the market for the smooth operation of handling and assembly processes. Some of the benefits offered by IO-Link in the handling and assembly automation include simplified connection of RFID read heads, valve terminals, and standard sensors; modular construction of equipment; easy electrical connection; and reduction of resources required. Thus, the handling and assembly automation segment to dominate the IO-Link market in 2028.

Europe likely to hold largest share of IO-Link market during forecast period

Europe is likely to account the largest share of the IO-Link market during the forecast period. The region focuses on developing highly advanced connected cars and autonomous vehicles, thereby accelerating the demand for IO-Link solutions. The region produces a large number of motor vehicles, aerospace parts, and robots. Thus, the robots manufacturing industry and aerospace industry are an integral part of Europe’s economy. These industries help the IO-Link market to grow rapidly. Also, the region houses leading players in the IO-Link market, such as Siemens AG, Balluff GmbH, ifm electronics GmbH, and SICK AG.

Siemens AG (Germany), Rockwell Automation, Inc. (US); OMRON Corporation (Japan); Hans Turck GmbH & Co. KG (Germany); Balluff GmbH (Germany); ifm electronic GmbH (Germany); Pepperl+Fuchs (Germany); SICK AG (Germany); Festo SE & Co. KG (Germany); SMC Corporation (Japan) are some of the key players in the IO-Link market.

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Common-mode Chokes Market worth USD 820 Million by 2028

noreply@blogger.com (Jack Wallner) — Thu, 06 Jul 2023 09:47:00 +0000

The report "Common-mode Chokes Market by Type (Data Line, Power Line, Signal Line), Verticals (Aerospace & Defense, Automotive, Commercial, Consumer Electronics, Industrial) and Region - Global Forecast to 2028" The Common-mode Chokes Market is projected to grow from USD 629 Million in 2023 to USD 820 Million by 2028; it is expected to grow at a CAGR of 5.4% during the forecast period. The growth of the market is attributed to the increasing adoption of common-mode chokes in consumer electronics, growing trend towards industrial 4.0 technology, rising demand in automotive and transportation application. Proliferation of stringent regulation related to emission of electromagnetic energy causing EMI is expected to create growth opportunities for the market.

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Power line type to account for a larger share of common-mode chokes market in 2023

Power line common-mode chokes are expected to command the market during the forecast period. Common-mode choke manufacturers are keen on offering low-profile, miniature common-mode chokes

that efficiently help attenuate common-mode noise in both power and data line applications. For example,Coilcraft Inc. offers LPD, MSD, and PFD common-mode chokes that provide filtering in a single, low-profile, miniature device.

Consumer electronics segment to lead common-mode chokes market in 2023

Common-mode chokes in the consumer electronics vertical find applications in LCD (liquid-crystal display) panels, power cables, USB drives, computers, laptops, monitors, television sets, etc. Innovations in sensor technology and a rising focus on the miniaturization of electronic components integrated into consumer electronics and household products are likely to generate growth opportunities for the providers of common-mode chokes. These electronic products include digital and analog circuitries installed very close to each other, thereby creating common-mode noise and electromagnetic interference, which can cause malfunction and degradation in the performance of electrical equipment. New regulations and standards defined for consumer electronic appliances are further boosting the adoption of common-mode chokes. It will also drive the development of technologically advanced common-mode chokes.

Market in Asia Pacific to hold significant opportunities for the market during forecast period

There is an increased demand for common-mode chokes in Asia Pacific, especially from major countries such as China, Japan, South Korea, and India. The growth of the common-mode chokes market in Asia Pacific can be attributed to increased investments across industries in factory automation and the booming electronics manufacturing sector. Ongoing technological innovations and the increasing adoption of automation technology in various industries have accelerated the demand for common-mode chokes in the region. According to the International Federation of Robotics Report 2022, Asia Pacific held the world’s largest industrial robot market, such that in 2021, 73% of the newly deployed robots were installed in Asia Pacific. The dense population and the growth in per capita income, along with large-scale industrialization and urbanization, will create lucrative opportunities for the players in the common-mode chokes market.

Key players

Major vendors in the common-mode chokes market include Eaton (Ireland), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), Schaffner Holding AG (Switzerland), and YAGEO Group (Pulse Electronics) (Taiwan) among others.

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Speech and Voice Recognition Market worth $28.1 billion by 2027

noreply@blogger.com (Jack Wallner) — Wed, 05 Jul 2023 06:07:00 +0000

According to a research report "Speech and Voice Recognition Market by Deployment Mode (On-Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography (Americas, Europe, APAC, Rest of the World) - Global Forecast to 2027" published by MarketsandMarkets, the global speech and voice recognition market size is projected to grow from USD 9.4 billion in 2022 to USD 28.1 billion by 2027; it is expected to grow at a CAGR of 24.4% from 2022 to 2027.

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Browse 235 market data Tables and 68 Figures spread through 285 Pages and in-depth TOC on "Speech and Voice Recognition Market and Geography (Americas, Europe, APAC, Rest of the World) - Global Forecast to 2027"
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The key factors contributing to the growth of the speech and voice recognition market include increasing demand in healthcare for improving efficiency and the growing use of smart appliances are among the factors driving the growth of the speech and voice recognition market.

Consumers are likely to register high CAGR

In 2021, the consumer segment the largest share of the speech and voice recognition market. The growing requirement for mobile device and application authentication and the increasing use of voice-controlled wearable devices are expected to drive the speech and voice recognition market growth. Apac region is expected to achieve the highest CAGR during the forecast period owing to the high demand of mobile and wearables devices in the region.

The consumer sector is expected to register the highest CAGR during the forecast period. The demand for speech and voice recognition solutions in this sector is primarily attributed to the growing use of speech recognition technology in consumer products such as smartphones, laptops, tablets, and smart home devices. This factor is likely to drive the growth of the market during the forecast period as well.

APAC exhibit the highest CAGR during the forecast period

The market in the APAC is expected to grow at the highest CAGR from 2022 to 2027. The growing focus on integrating artificial intelligence (AI) into industrial devices is expected to contribute to the growth of the voice recognition market for enterprise applications in the Asia Pacific during the forecast period. Additionally, the governments focus on bringing digitalization and technological innovations in industries is also expected to propel the growth of the market in the Asia Pacific.

Voice recognition to hold the higher CAGR during the forecast period.

Voice recognition is projected to grow at the highest CAGR during the forecast period Data security concerns due to cyberattacks, data breaches by intruders and issues related to illegal migrants are some of the major factors contributing to the higher growth rate of the market for voice recognition technology.

On-cloud segment is projected to dominate the speech and voice recognition market

The on-cloud segment is expected to account for a larger market share due to the ability of the cloud infrastructure to provide self-service applications at a minimal cost. The cloud-hosted deployment mode offers easy accessibility to data from anywhere at any time. Cloud-hosted speech and voice recognition solutions can also be easily integrated with the existing server, which operates on its physical hardware in minimal time.

The key players in this market are Apple (US), Microsoft (US), IBM (US), Alphabet (US), Amazon (US), Baidu (China), iFlytek (China) and SESTEK (Turkey), speak2web (US), and Verint (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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AI in Manufacturing Market worth USD 16.3 billion by 2027, at a CAGR of 47.9%

noreply@blogger.com (Jack Wallner) — Wed, 05 Jul 2023 05:25:00 +0000

According to a research report "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Industry, Application, Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision), & Region - Global Forecast to 2027" published by MarketsandMarkets, the global Artificial Intelligence in Manufacturing market size is projected to grow from USD 2.3 billion in 2022 to USD 16.3 billion by 2027, it is expected to grow at a CAGR of 47.9% from 2022 to 2027.

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Browse 195 market data Tables and 58 Figures spread through 270 Pages and in-depth TOC on "Artificial Intelligence in Manufacturing Market by Region - Global Forecast to 2027"
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The key factors contributing to the growth of artificial intelligence in manufacturing market include improving computing power of AI chipset and increasing venture capital investments in manufacturing AI space. However, increasing venture capital investments in manufacturing AI space is hindering the growth of artificial intelligence in manufacturing market. Limited availability of skilled workforce, especially in developing countries possesses a huge challenge to the industry. However, growing focus on boosting operational efficiency of manufacturing plants is the biggest opportunity in the market space with Asia Pacific having the highest market share and CAGR for the forecast period.

Development of sophisticated hard and soft sensors to boost growth of context-aware computing segment

By using context awareness technology, a control system called Manufacturing Execution System (MES) is designed for managing and monitoring works in a factory, which is based on the dynamic and complex production process in the manufacturing plant. The context-awareness architecture establishes the dynamic interaction properties of the system more thoroughly and guides object specification and abstraction tasks in machine language. This technology provides computing environments with the ability to learn and adopt the context by sensing through different sensors and automatically provides feedback to the user. This service makes the operator attentive, responsive, and predictive. In the manufacturing plant, the production quantity varies on many uncertain factors, including internal and external factors such as random orders, sudden equipment fault, supply modification, and runtime restriction. Context-aware technology finds customized solutions and arranges the machines accordingly for the issues mentioned above. Siemens (Germany) and General Motors (US) use context awareness technology in their plants. Additionally, context-aware information distribution may offer substantial value to industries. It provides task-relevant information or services to users on a manufacturing shop floor, improving decision-making through context-driven recommendations.

Asia Pacific exhibit the highest CAGR during the forecast period

APAC is likely to be the highest contributor in terms of market size and growth rate in the overall AI in manufacturing market during the forecast period. This market in APAC is further divided into China, Japan, South Korea, India, and Rest of APAC (RoAPAC). RoAPAC includes Singapore, Malaysia, Thailand, Australia, and New Zealand. Among all the countries in APAC, China held the largest share of the AI in manufacturing market in 2021.

APAC, led by China, Japan, and South Korea, is considered the largest market for industrial robots. Industrial robots generate a huge amount of data. This data is used in deep learning algorithms to further train the robots. This would act as one of the major drivers for the AI in manufacturing market in APAC. APAC is also considered to have the most number of manufacturing plants in the world. There are a few dark plants in China, where only robots work without any human intervention. AI implementation can make robots smarter, reduce the downtime of machines, and increase productivity.

Advancement in deep learning and supervised learning manufacturing industry to drive growth of AI in manufacturing market for machine learning

Machine learning (ML) enables systems to improve their performance automatically with experience. ML helps develop a computer program/algorithm that can access data and use it to train itself without human intervention. ML is adopted to deal with large volumes of data. The time previously dedicated to analyzing charts and spreadsheets is now being utilized to seek intelligent ways to automate data analysis. ML includes various technologies, such as deep learning, supervised learning, unsupervised learning, and reinforcement learning.

Extensive use of big data in production planning to fuel market growth

Production planning is a process that combines and transforms various resources used in the production system in a manufacturing plant. The AI system executes the interrelated operational activities involved in the manufacturing processes. The deep learning-based algorithm uses many functions such as Programme Evaluation Review Technique (PERT)/Critical Path Method (CPM) to optimize the production planning under various conditions. The use of AI in production planning leads to the standardization of product and process sequence, dedicated special-purpose machines having higher production capacities and output rates, short production cycle time, perfectly balanced production lines, faster flow of materials, and easy material handling.

The key players operating in the artificial intelligence in manufacturing market NVIDIA (US), IBM (US), Intel (US), Siemens (Germany), General Electric (US), Google (US), Microsoft Corporation (US), and Micron Technology (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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Compound Semiconductor Market Worth $55.8 billion by 2027, at a CAGR of 6.6%

noreply@blogger.com (Jack Wallner) — Tue, 04 Jul 2023 06:11:00 +0000

The report "Compound Semiconductor Market by Type (GaN, GaAs, SiC, InP), Product (LED, Optoelectronics, RF Devices, Power Electronics), Application (Telecommunication, General Lighting, Automotive, Consumer Devices, Power Supply) & Region - Global Forecast to 2027" The global compound semiconductor market size is estimated to be USD 40.5 billion in 2022 and is projected to reach 55.8 billion by 2027, at a CAGR of 6.6% during the forecast period. Increasing use of compound semiconductors in LED applications and the rising demand for high-speed and advanced devices in datacom applications play a key role in driving the growth of compound semiconductor market in near future.

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Increasing use of GaN in general lighting, signage, and automotive applications to drive GaN segment

GaN is used in various applications, such as power drives, radio frequency, lighting and lasers, and supplies and inverters, which can be adopted in different verticals, including automotive, telecommunications, consumer display and devices, military, defense and aerospace, and datacom. One of the other major driving factors for the GaN material is the massive demand from the RF semiconductor device industry. The RF industry started its quest for alternate semiconductor materials. Owing to its ability to deliver high power amplification at high-frequency ranges, GaN semiconductor devices penetrated the RF power semiconductor device industry, bolstering its growth.

Telecommunication segment dominates the compound semiconductor market

The growth of telecommunication application is driven by increasing demand for RF devices. To meet all the requirements for 4G and 5G, including saturated and linear efficiency, it is necessary to use a power amplifier manufactured with a compound semiconductor technology, which is expected to drive market growth during the forecast period. Skyworks Solutions, Inc. focuses on launching RF-based devices, planning to conquer the opportunities in the telecommunications sector. Similarly, NXP Semiconductors N.V. plans to invest in 5G and wireless infrastructure markets with its leadership in GaN, LDMOS, and 5G mm-Wave.

North America accounted for the second largest share of the compound semiconductor market

The market in North America is expected to grow at the second highest CAGR during the forecast period. The growing electric and hybrid vehicle market in North America is expected to support the growth of the compound semiconductor market. North America is a regional hub for many renowned OEMs that deliver quality and high-performance vehicles. OEMs in North America, such as Tesla and GM, focus on developing faster, cleaner, and high-performance electric vehicles

Nichia Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), ams OSRAM AG (Austria), Qorvo, Inc. (US), Skyworks Solutions, Inc. (US), Wolfspeed, Inc. (US), GaN Systems (Japan), Canon Inc. (Canada), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), are some of the key players in the compound semiconductor market.

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Metal-air Battery Market worth $993 million by 2027, at a CAGR of 14.8%

noreply@blogger.com (Jack Wallner) — Tue, 04 Jul 2023 04:59:00 +0000

The report "Metal-air Battery Market by Metal (Zinc, Lithium, Aluminum, Iron), Voltage, Type (Primary, Secondary), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power) and Region - Global Forecast to 2027" The metal-air battery market is projected to grow from USD 498 million in 2022 to USD 993 million by 2027, at a CAGR of 14.8% during the forecast period. The escalated need for high energy density solutions and the inherent properties of metal-air batteries are key factors boosting the growth of the market.

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By metal, zinc segment is estimated to lead metal-air battery market in 2022.

Zinc-air batteries have high energy density but low power. These batteries are generally primary batteries; however, rechargeable designs for high-power applications are being developed that can be recharged by replenishing the zinc anode and electrolyte. Zinc-air batteries with high volume energy densities have the advantage of low cost and high safety. Electronic devices are expected to continue to lead the global zinc-air battery market during the forecast period. Non-rechargeable zinc-air batteries are popular for their high energy density. Developments carried out by market participants in rechargeable zinc-air batteries could make these batteries an ideal solution for other applications such as wearable devices and consumer electronics.

By application, electronic devices segment is estimated to account for the largest market share during forecast period.

By application, the electronic devices segment accounted for the largest share of the metal-air battery market in 2021. Metal-air batteries are increasingly used in electronic devices due to the increased demand for safe, eco-friendly, cost-effective, and efficient energy storage solutions. Metal-air batteries are in high demand for electronic devices such as hearing aids and watches because they offer better durability and more energy storage than other batteries.

Asia Pacific estimated to lead metal-air battery market from 2022 to 2027.

Asia Pacific is estimated to account for the largest share of the metal-air battery market in 2022 owing to technological advancements in the wearable device and consumer electronics sectors in this region. The major manufacturers of wearable devices and consumer electronics based in the region, such as Samsung (South Korea), LG Electronics (South Korea), and Panasonic (Japan), are developing next-generation flexible devices. These devices require power sources that are not only small but also have high energy density to complement the product design; these requirements are fulfilled by metal-air batteries.

GP Batteries International (Hong Kong), Arotech Corporation (US), Energizer Holdings (US), Duracell (US), and Renata SA (Switzerland) are major players in the metal-air battery market globally.

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Automotive Semiconductor Market worth $70.0 billion by 2027, at a CAGR of 10.1%

noreply@blogger.com (Jack Wallner) — Mon, 03 Jul 2023 06:33:00 +0000

The report "Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete power device, Sensor), Vehicle Type (Passenger Car, LCV, HCV), Fuel Type (Gasoline, Diesel, EV/HEV), Application (Powertrain, Safety, Chassis) - Global Forecast to 2027" The automotive semiconductor market is projected to grow from USD 42.9 billion in 2022 to USD 70.0 billion by 2027; it is expected to grow at a CAGR of 10.1% during the forecast period. A number of factors, including increased demand for safety features, and induction of EVs and HEVs globally, is making it complex for automotive semiconductor integrators to meet the demand from automotive OEM end users to meet their operational needs in various types of vehicles including passenger cars, LCVs, and HCVs. Government initiatives pertaining to EVs has led to the promoting the development and sales of EVs and related charging infrastructure worldwide.

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Browse 159 market data Tables and 58 Figures spread through 265 Pages and in-depth TOC on "Automotive Semiconductor Market - Global Forecast to 2027"
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Discrete power device segment to account for the highest CAGR during the forecast period for the automotive semiconductor market

The growth and development of the electric HEVs and all EVs has received considerable growth in the recent few years. Hence, discrete power device is expected to be the fastest-growing segment during the forecast period. The reason behind this sharp growth in the market share of the discrete power devices is due to the shift towards electrification of the major applications of the automobile such as powertrain, which is generating more demand for power components such as MOSFET and IGBT. Hence, discrete power devices are likely to hold the largest market share by 2027.

Market for passenger cars to grow at highest CAGR during the forecast period

The market for passenger cars growth can be attributed to the huge demand for passenger cars across the globe, especially in APAC. The rising middle-class population and improved disposable income have accelerated the demand for passenger cars in countries such as China, India, Thailand, Indonesia, and Malaysia among others. Semiconductor electronics not only help improve the performance of the car but also enhance safety and reduce carbon emissions to a greater extent. Rapid improvements in road infrastructure, easy availability of cheap labor, increased purchasing power of consumers, and high demand for safer vehicles have propelled the growth of the market for automobiles in emerging economies. The increasing purchasing power also creates a high demand for automobiles with more safety and advanced features. The adoption of ADAS technology and autonomous cars helps the automotive semiconductors market to grow in developed nations such as the US, Germany, and the UK.

Market for EVs and HEVs to register the highest CAGR for automotive semiconductor market

The automotive semiconductor market for electric/hybrid-powered vehicles is estimated to grow at the highest CAGR during the forecast period. Consumer’s growing adoption of greener and cleaner technology, as well as government goals and mandates are expected to lead to a significant rise in the demand for more electric/hybrid fuel-based vehicles which, in turn, helps the semiconductor market for this segment to grow exponentially during the forecast period. Since EVs and HEVs demand more semiconductor content in the powertrain application due to electrification of the system, the average semiconductor content consumed by an EV/HEV is almost double than an internal combustion engine (ICE) vehicle which include both gasoline- and diesel-powered vehicles.

Market in APAC is estimated to grow at the highest CAGR during the forecast period

Asia Pacific held the largest share of the overall automotive sensors market, followed by Europe, and North America, respectively. The automotive sensors market in Asia Pacific is projected to grow at the highest CAGR from 2021 to 2026. Countries such as China, Japan, and India are considered major automotive manufacturing hubs in Asia Pacific, thereby propelling the growth of the automotive sensors market in the region. The growth of the automotive sensors market in Asia Pacific is attributed to the factors such as the increasing use of electric vehicles and the growing adoption of advanced driver-assistance systems (ADAS) and autonomous cars owing to the stringent vehicle emission standards. Moreover, major OEMs have invested in the Chinese market, which is inclined toward small and affordable passenger vehicles. This, in turn, is expected to drive the growth of the automotive sensors market in the region.

Major players profiled in this report are Robert Bosch (Germany), Continental (Germany), Infineon Technologies (Germany), NXP Semiconductors (Netherlands), Sensata Technologies (US), Borgwarner, (US), Allegro Microsystems (US), DENSO (Japan), Analog Devices (US), ELMOS Semiconductor (Germany), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Onsemi (US), Renesas Electronics (Japan), ROHM Semiconductor (Japan), Aptiv (Ireland), CTS (US), Autoliv (Sweden), ZF Group (Germany), Quanergy (US), Toshiba (Japan), Magna International (Canada), Melexis (Belgium), Amphenol (US), and Valeo (France).

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Artificial Intelligence in Cybersecurity Market worth $60.6 Billion by 2028

noreply@blogger.com (Jack Wallner) — Mon, 03 Jul 2023 05:08:00 +0000

The report "Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Software, and Service), Deployment Type, Security Type, Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End User and Geography - Global Forecast to 2028" The artificial intelligence in cybersecurity market size is valued at USD 22.4 Billion in 2023 and is anticipated to be USD 60.6 Billion by 2028; growing at a CAGR of 21.9% from 2023 to 2028. The key factors contributing to the growth of Artificial intelligence in the cybersecurity market include the increasing instances of cyber threats, rising concerns of data protection, and increasing vulnerability of Wi-Fi networks to the security threats are among the factors driving the growth of Artificial intelligence in the cybersecurity market.

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Browse 198 market data Tables and 60 Figures spread through 312 Pages and in-depth TOC on "Artificial Intelligence in Cybersecurity Market by End User and Geography - Global Forecast to 2028"
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Endpoint security is expected to hold the largest share during the forecast period

Endpoint security refers to the security provided for network devices such as personal computers, laptops, smartphones, tablets, bar code readers, or Point of Sale (POS), which are the endpoints that are connected to a client server. Endpoint security solutions include antivirus, antispyware/malware, encryption personal firewall, IDS/IPS, patch and configuration management, behavioral blocking software, and virtualization security. These solutions provide continuous real-time threat detection, prevention, and response to network devices (endpoint). Increasing number of mobile devices has made networks more vulnerable to cyberattacks and malware. Moreover, the trend of mobile workers, BYOD, social media, and cloud synchronizing tools drives the growth of the market for endpoint security.

APAC exhibit the highest CAGR during the forecast period

APAC is highly concerned about the increasing security spending owing to the ever-growing threat landscape. Machine learning, IoT, Big Data analytics, and AI are the emerging methodologies that are being deployed in this region. Organizations are transforming their businesses to cloud to increase productivity speed and business performance. The nature of cyber threats is changing continuously and becoming more sophisticated. Ransomware, ad fraud malware, android malware, DDoS, botnets, banking Trojans, and adware are the topmost malware attacks in this region. Rising population and government policies, among other factors, are expected to boost the growth of the AI in cybersecurity market in APAC.

Software to dominate artificial intelligence in cybersecurity market during forecast period

Software holds a major share of the overall AI in cybersecurity market owing to developments in AI software and related software development kits. AI systems require different types of software, including application program interfaces, such as language, speech, vision, and sensor data, along with machine learning algorithms, to realize the applications for cybersecurity. The software platforms and solutions are available at higher costs as there are only a limited number of experts that develop machine learning algorithms. Companies such as Darktrace (UK), Cylance (US), Securonix (US), and IBM (US) are among the frontrunners in the development of software for the AI in the cybersecurity market.

Automotive & Transportation To grow at highest CAGR during forecast period

In the automotive industry, Big Data poses a significant problem with connected car becoming more of a gadget than a purely physical product, constantly synced and updated. It now produces huge amounts of data. Combining machine learning with Big Data analytics presents an opportunity to make sense of the huge volumes of valuable data collected from vehicles, servers, and smart mobility services. Using machine learning, patterns of “normal” behavior can serve as baselines to identify anomalies from cyber threats and policy violations to vehicle and driver irregular behaviors.

The key players in this market are NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Microsoft (US), Palo Alto Networks Inc. (US), Trellix (US), CrowdStrike (US), and NortonLifeLock (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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Interactive Display Market worth $13.2 billion by 2025, at a CAGR of 8.1%

noreply@blogger.com (Jack Wallner) — Fri, 30 Jun 2023 04:08:00 +0000

The report "Interactive Display Market with COVID-19 Impact Analysis, by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025" The global interactive display market is expected to reach USD 13.2 billion by 2025 from USD 9.0 billion in 2020, growing at a CAGR of 8.1% from 2020 to 2025. Growing demand for interactive display panels in gamification and digital classrooms, assured return on investment (ROI) for businesses from interactive display products, decreasing prices and increasing panel size leading to high adoption of interactive display products, growing adoption of interactive displays in retail sector, and dynamic nature of interactive displays leading to an improved customer experience are the major factors driving the market growth for interactive displays.

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32—65” panel size segment to account for the largest share of the interactive display market during forecast period

32—65” panel size segment is expected to account for the largest share of the interactive display market during the forecast period. The market for 32—65” interactive displays is mainly driven by the demand from educational institutes, government, and corporate sector. These displays are extensively used for official presentations and trade shows. They facilitate organizations to identify target audience and make appropriate business decisions.

Education vertical to dominate the interactive display market from 2020 to 2025

Interactive displays are extensively used in the education sector. In recent times, students desire and expect active communication that rapidly absorbs and instantaneously responds to their requirements. Education can be imparted to students with the help of interactive display products placed in public places such as reception, canteens, staff rooms, libraries, and hostels. Interactive display products in educational institutions can also act as emergency broadcast systems, that quickly alert students and staff in emergencies. Some of the products that have applications in the education sector are interactive whiteboards, touchscreen monitors, and interactive kiosks.

Europe to account for a significant share of the global interactive display market

Europe is a major market for interactive displays. The presence of many active industries and companies in the region is a major factor driving the market growth. Moreover, the growing trend of conventional broadcasters entering the interactive display market to explore growth opportunities for advertising, and the constantly growing hospitality sector in the region are the other factors that are significantly contributing to the growth of the interactive display market in Europe. The market growth in the UK and Germany can be attributed to the growing demand for interactive displays in healthcare, hospitality, transportation, and banking and financial service verticals. Moreover, the transportation, and retail & hospitality industries are expected to provide growth opportunities for market players in France.

The report profiles key players such as Samsung Electronics (South Korea), LG Display (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), Sharp (Foxconn) (Japan), Elo Touch Solutions (US), Crystal Display systems (UK), ViewSonic (US), and Horizon Display (US).

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Industrial Services Market worth $44.1 Billion by 2025, at a CAGR of 5.6%

noreply@blogger.com (Jack Wallner) — Fri, 30 Jun 2023 03:59:00 +0000

According to the new market research report "Industrial Services Market with COVID-19 Impact by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (MES, Motors & Drives, DCS, HMI, PLC), Industry, and Region - Global Forecast to 2025" The industrial services market size is estimated to be USD 33.6 billion in 2020 and is projected to reach USD 44.1 billion by 2025, at a CAGR of 5.6% between 2020 and 2025. The rising necessity for operational excellence, growing demand for predictive maintenance services, and increasing demand for maintenance-as-a-service are major factors driving the growth of the industrial services market. Additionally, increasing equipment complexity leading to a growing need for calibration and repair services is another key driver for the market.

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Operational improvement & maintenance services to grow at the highest growth rate during the forecast period

The operational improvement and maintenance services help the end users improve the asset's lifecycle and reduce downtime. The complete suite of operational improvement and maintenance services segment can be further divided into a broad spectrum of services, including scheduled maintenance, ad-hoc and emergency maintenance, and predictive maintenance services. Ad-hoc and emergency maintenance services help end users reduce unplanned downtime by providing a control system expert for fast and efficient onsite support. Scheduled maintenance services assist the process & discrete industries in monitoring the operational equipment—the services provide up-to-date maintenance of filed devices, software, and plant. Predictive maintenance services help end users decrease unplanned downtime by monitoring installed devices and systems continuously.

Industrial 3D printing to grow at the highest growth rate during the forecast period

Industrial 3D printing is used in major industries such as automotive, aerospace, food & beverages, electrical/electronics, and foundry and forging industries. Manufacturing tools is an expensive and time-consuming process, but it can be simplified using industrial 3D printing tools. The highly complex designs can be easily manufactured using 3D printing, thereby eliminating the requirement of an assembly line. It also reduces the labor cost. As the potential applications for 3D printing increase, companies are beginning to create new business models and opportunities with the technology.

Food & beverages industry is expected to register the highest CAGR during forecast period

Besides rising costs, the food & beverages industry faces other challenges such as regulatory compliance, management of the global supply chain, product quality, and continuous process improvement. There is a strong demand for processed food from the emerging markets owing to the burgeoning population and increasing food consumption worldwide. These challenges are overcome using SCADA, PLC, DCS, and MES systems to enhance productivity, save resources, minimize downtime, and maintain adherence to regulatory compliances.

The industrial services market in Asia Pacific is expected to grow significantly from 2020 to 2025

The growth in Asia Pacific is mainly attributed to the increasing adoption of industrial automation and related services in China, Japan, and India. With the growing trend of cloud connectivity in Asia, industries would adopt Industrial Internet of Things (IIoT)-based remote monitoring and predictive maintenance services. The downstream sector of Chinas oil & gas industry is undergoing remarkable developments and reformation to modernize refineries, fueling the demand for machine safety systems. The adoption of automation solutions in the manufacturing industries in India is increasing significantly. In addition, the growing number of power projects to meet the rising demand for electricity in India has provided momentum to implement machine safety systems such as burner management and fire and gas systems at plant locations. The need for quality control, worker safety, and improved productivity is also boosting the market for automation services in countries such as South Korea, Malaysia, Taiwan, Australia, and Singapore.

Major players in the industrial services market are ABB (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International (US), Schneider Electric (France), Rockwell Automation, Inc. (US), Siemens (Germany), Yokogawa Electric Corp. (Japan), Mitsubishi Electric Corporation (Japan), Metso Corporation (Finland), and Samson AG (Germany).

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Collaborative Robot Market Worth USD 9.2 Billion by 2028, at a CAGR of 41.5%

noreply@blogger.com (Jack Wallner) — Wed, 28 Jun 2023 04:11:00 +0000

The report "Collaborative Robot Market by Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing), Industry (Automotive, Electronics, Healthcare, Furniture & Equipment) and Geography - Global Forecast to 2028" The global collaborative robot market is projected to grow from USD 1.1 Billion in 2022 to USD 9.2 Billion by 2028, at a CAGR of 41.5% during the forecast period from 2022 to 2028. The growth of this market is driven by factors such as high return on investment as compared to the traditional industrial robotic system, increasing demand in the e-commerce and logistics industries due to contingency of COVID-19, cobots to benefit businesses of all sizes, and increased ease of programming of collaborative robots. However, higher preference for low payload capacity traditional industrial robots over cobots in heavy-duty industries restrain the growth of the collaborative robot market.

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Browse 214 market data Tables and 55 Figures spread through 291 Pages and in-depth TOC on "Collaborative Robot Market and Geography - Global Forecast to 2028"
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Cobot robots with payload capacity up to 5 kg expected to hold the largest share of the market during the forecast period

Cobots with payload capacity up to 5 kg holds the largest market share and is expected to retain its position during the forecast period. First-time users prefer low payload capacity cobots, which are cheaper and take up less space than robots with higher payload capacity. For instance, COBOTTA, a cobot from DENSO Corporation (Japan), has an inherently safe design owing to its low weight and, therefore, does not require extensive use of sensors compared to higher payload cobots, thus keeping it more affordable. SAWYER and SAWYER Black Edition from Rethink Robotics GmbH (US) are both single arm cobots with a payload capacity of 4 kg and a maximum reach of 1,260 mm. These collaborative robots are equipped with the company’s proprietary software suite, Intera. Hence, they do not require a separate software interface.

Automotive industry Europe accounts for largest market share of collaborative robot market in 2021

The collaborative robot market in the automotive industry held the largest share, both in terms of the value and volume in 2021. Collaborative robots are not only being used by major car manufacturers, but also by numerous OEMs that supply automotive parts to these car manufacturers. Conventionally, traditional industrial robots have been employed by the automotive industry and auto-parts manufacturers to perform high-speed operations behind cages. But, in recent years, the focus of the automotive manufacturers is shifting toward light weighting, the trend of substituting heavy metal parts with plastic to reduce vehicle mass and create greater efficiency. For this purpose, plastic injection molding machines are used in the automotive industry, and these machines require constant tending. It is difficult to find labor for performing such monotonous and repetitive tasks. In such a case, collaborative robots are preferable as they can work in tandem with the workers on the lines and perform such operations with inept flexibility in different areas such as material handling, machine tending, performing test and inspection, and packing finished goods.

Europe accounts for second-largest market share of cobot market in 2021

Europe held the second-largest share of the collaborative robot market in 2021. Many of the early adopters of collaborative robots were from European countries. With the advent of Industry 4.0 in Europe, the manufacturing sector brought in collaborative robots to modernize and improve their production capabilities. SMEs in Europe are largely looking into automation to deploy collaborative robots to perform dirty and dangerous jobs. Polishing tasks, for example, are being done by collaborative robots, with workers performing the final inspection. Europe houses several key collaborative robot players such as Universal Robots A/S (Denmark) and KUKA AG (Germany). KUKA AG was one of the first manufacturers to offer cobots to the market, while Universal Robots has been the market leader for cobots for several years now.

Some of the key companies in the collaborative robot market include Universal Robots A/S (Denmark), FANUC Corporation (Japan), ABB (Switzerland), Techman Robot Inc (Taiwan), KUKA AG (Germany), Doosan Robotics Inc. (South Korea), Denso Corporation (Japan), Yaskawa Electric Corporation (Japan), AUBO (Beijing) Robotics Technology Co., Ltd (China), and Rethink Robotics GmbH (US), Omron Adept Technologies, Inc. (US), Franka Emika GmbH (Germany), etc.

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Infrared Detector Market expected worth $751 million by 2028, at a CAGR of 7.0%

noreply@blogger.com (Jack Wallner) — Mon, 26 Jun 2023 10:50:00 +0000

The report "Infrared Detector Market by Type (Mercury Cadmium Telluride, INGaas, Pyroelectric, Thermopile, Microbolometer), Technology (Cooled and Uncooled), Wavelength (NIR & SWIR, MWIR, LWIR), Application, Vertical and Region - Global Forecast to 2028" The global Infrared detector market is expected to grow from USD 535 million in 2023 to USD 751 million by 2028, at a CAGR of 7.0% from 2023 to 2028. High penetration of infrared detectors into non-contact temperature measurement, gas analysis, astronomy, and fire detection applications, and growing popularity of uncooled infrared detectors, and increasing demand for infrared detectors in imaging applications are the two key factors that have led to the rise in competitiveness in the infrared detector market. Moreover, the rising demand for infrared detectors in emerging countries provides opportunities for the market.

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Pyroelectric segment to hold the largest share of the Infrared detector market, by type, in 2023.

This segment is expected to hold its dominating position during the forecast period. The pyroelectric infrared (PIR) detector market is witnessing the most significant share and steady growth due to its widespread usage in security systems like motion sensors for intruder alarms, surveillance cameras, and access control systems. As security concerns continue to rise, the demand for PIR detectors in residential and commercial properties is increasing. This growth is further propelled by technological advancements, energy efficiency, integrating PIR detectors into smart systems, expanding Internet of Things (IoT) applications, and a growing emphasis on safety and comfort. Collectively, these factors contribute to the expanding market for PIR detectors.

The market for people and motion sensing applications is to grow at the highest CAGR during the forecast period.

Infrared detectors are widely utilized in people and motion sensing applications due to their unique capabilities in detecting and analyzing infrared radiation. These detectors are vital in various industries and environments, such as security systems, home automation, and occupancy sensing. In people and motion sensing applications, infrared detectors utilize multiple technologies, such as passive infrared (PIR) or pyroelectric sensors. PIR sensors detect changes in infrared radiation emitted by objects, including human bodies, using multiple sensor elements arranged in a specific pattern. On the other hand, pyroelectric sensors measure the electrical charge generated by temperature variations on the sensor surface caused by the presence of individuals.

North America to hold the largest share of Infrared detector market by 2023.

North America's dominant position in the infrared detector market can be attributed to multiple factors. The region boasts a robust presence of key industry players, encompassing manufacturers and technology providers, who consistently pioneer innovative solutions and push the boundaries of infrared detector technology. It fosters a robust supply chain and ensures the availability of state-of-the-art products. Additionally, North America exhibits substantial demand for infrared detectors across diverse sectors, including aerospace, automotive, healthcare, and industrial industries. The region's advanced security infrastructure, escalating investments in defense and surveillance systems, and stringent safety and security regulations fuel the adoption of infrared detectors. These factors collectively contribute to North America's supremacy in the infrared detector market.

Major players profiled in this report are as follows: Excelitas Technologies Corp. (US), Hamamatsu Photonics K.K. (Japan), Murata Manufacturing Co., Ltd. (Japan), Teledyne FLIR LLC (US), and Nippon Ceramic Co., Ltd. (Japan), Texas Instruments Incorporated (US), OMRON Corporation (Japan), InfraTec GmbH (Germany), Lynred (France), and TE Connectivity (Switzerland), and others.

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Battery-free Sensors Market expected to reach 109 Mn by 2026, at a CAGR of 27.6%

noreply@blogger.com (Jack Wallner) — Fri, 23 Jun 2023 05:33:00 +0000

According to the new market research report "Battery-free Sensors Market with COVID-19 Impact Analysis, by Sensor Type (Temperature Sensors, Humidity/Moisture Sensors, Pressure Sensors), Frequency, Industry (Automotive, Logistics, Healthcare, Food & Beverages), and Region - Global Forecast to 2026", The global battery-free sensors market size is projected to grow from USD 32 million in 2021 to USD 109 million by 2026; it is expected to grow at a CAGR of 27.6% from 2021 to 2026. With rapid technological advancements, battery-free sensors are increasingly adopted in IoT applications to improve production efficiency and reduce operational and maintenance costs in the wake of COVID-19. Additionally, the ongoing miniaturization of medical and electronic devices and the growing implementation of automated condition monitoring solutions in smart factories are expected to boost the growth of the battery-free sensors market during the forecast period.

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Temperature sensors accounted for the larger size of the battery-free sensors market in 2020.

Temperature sensors segment held the largest size of the market in 2020. Battery-free sensors are at the initial phase of commercialization. At present, only a few companies are providing battery-free sensors. Among other sensors, temperature sensors are the most common sensors offered by these manufacturers. Temperature sensors account for the largest share due to the high deployment of these sensors by the manufacturing and process industries, such as oil & gas, food & beverages, and automotive industries, in hard-to-reach or remote machinery to monitor the machine condition. The data gathered by these temperature sensors enable effective predictive maintenance programs in industrial plants to avoid costly downtime. These sensors are also maintenance-free, making them preferable for various industrial operations. Also, the average selling price of the battery-free temperature sensor is higher than other types of sensors covered in this report

Automotive segment is expected to hold the largest size of the battery-free sensors market in 2020.

Automotive segment is expected to hold the largest share in the battery-free sensors market during the forecast period. Automobile companies across the world are emphasizing on automating and upgrading their assembly lines. Automobile manufacturers adopt battery-free sensors at a significant rate owing to their advantages, such as prediction and prevention of equipment failure by improvising the performance and efficiency of assets and equipment at reduced maintenance costs. Battery-free sensors enable predictive maintenance and help efficient handling of assembly operations in the automotive industry. Hence, the automotive industry is expected to capture the largest market share throughout the forecast period. Automobile original equipment manufacturers (OEM) and players within the mobility industry are among the worst hit by the COVID-19pandemic. Automobile OEMs increasingly rely on just-in-time manufacturing, which is presently affecting their production capabilities and overall exports owing to supply chain disruptions.

APAC is projected to be the largest market for battery-free sensors from 2021 to 2026.

Battery-free sensors market in APAC is expected to grow at the highest CAGR during 2021−2026. Ongoing industrialization, growing adoption of predictive maintenance tools, and increasing competitive pressure to achieve operational efficiency are fueling the growth of the battery-free sensors market in this region. The expansion of manufacturing activities resulting from the migration of production bases to Asian countries, such as China, India, and South Korea, with low labor costs, drives the demand for battery-free sensors in the region. However, the outbreak of COVID-19 has impacted the manufacturing facilities of all verticals across the world, forcing them to shut down. However, production has resumed in a few facilities in China, thereby initiating the manufacturing of some essentials.

ON Semiconductor (UK), Farsens (Spain), Axzon (Rfmicron) (US), Inductosense (UK), Phase IV Engineering (US), Powercast (US), Distech Controls (US), EnOcean (Germany), DCO Systems (UK), and Everactive (US), are some of the major players in battery-free sensors market.

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Cleaning Robot Market expected to reach USD 25.9 Billion by 2027

noreply@blogger.com (Jack Wallner) — Wed, 21 Jun 2023 05:05:00 +0000

The report "Cleaning Robot Market by Type, Product (Floor Cleaning Robots, Lawn Cleaning Robots, Pool Cleaning Robots, Window Cleaning Robots), Operation Mode (Self-driven, Remote Controlled), Sales Channel, Application and Region - Global Forecast to 2027" The Cleaning Robot Market is projected to grow from USD 9.8 Billion in 2022 to USD 25.9 Billion by 2027; it is expected to grow at a CAGR of 21.5% during the forecast period. The growth of the market is attributed to the increasing adoption of AI and IoT in household appliances, growing adoption of cleaning robots in commercial sector, rising demand for disinfecting robots in healthcare facilities. During the forecast period, development of AI-enabled and voice-controlled smart cleaning robots is expected to create growth opportunities for the market.

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Personal cleaning robots type to account for a larger share of cleaning robot market in 2022

Personal cleaning robots account for a larger share of the cleaning robot market, which is attributed to the growing sales of floor-cleaning robots for domestic purposes. The busy lifestyle and the increase in automation have led to a growth in demand for floor-cleaning robots, which can easily perform the task of dry and wet cleaning. They can be scheduled and controlled using a smartphone or tablet. Apart from floors, personal cleaning robots can also be used for the cleaning of pools, lawns, and windows. In developed and developing countries, the presence of lawns and pools in homes is becoming a luxury, and the maintenance of these requires mowers and pool cleaners. Cleaning robots, as a one-time investment, to reduce labor costs and effort for the maintenance of lawns and pools are helping the market grow.

Residential application to lead cleaning robot market in 2022

The cleaning robot market for residential applications is expected to hold the largest market share during the forecast period. Technological advancements are enabling these robots to become more practical and usable day by day. This is driving consumer demand and acceptance of such products. Rising consumer demand for autonomous robotic technology and the minimization of human intervention are factors driving market growth.

Market in Asia Pacific to hold significant opportunities for the market during forecast period

Asia Pacific is the fastest-growing market for cleaning robots. The rise in disposable income among consumers in countries of the region has led to the rapid adoption of cleaning robots in the residential segment. The increasing adoption of cleaning robots and the influx of global players, along with the emergence of native players, are driving market growth. China is one of the key countries for the cleaning robot market in Asia Pacific as the country is the major manufacturing hub for cleaning robots globally. The presence of several manufacturers and suppliers in China has helped the cleaning robot market to expand rapidly in the country. The country accounts for a share of more than 50% of the cleaning robot market in Asia Pacific.

Major vendors in the cleaning robot market include iRobot Corporation (US), Ecovacs Robotics Co., Ltd (China), Samsung Electronics Co., Ltd. (South Korea), Xiaomi (China), and Roborock (China) among others.

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Speech and Voice Recognition Market worth USD 28.1 Billion by 2027, at a CAGR 24.4%

noreply@blogger.com (Jack Wallner) — Mon, 19 Jun 2023 10:46:00 +0000

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Browse 235 market data Tables and 68 Figures spread through 285 Pages and in-depth TOC on "Speech and Voice Recognition Market by Deployment Mode (On-Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography (Americas, Europe, APAC, Rest of the World) - Global Forecast to 2027"
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Consumers are likely to register high CAGR

APAC exhibit the highest CAGR during the forecast period

Voice recognition to hold the higher CAGR during the forecast period.

On-cloud segment is projected to dominate the speech and voice recognition market

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Real-time Location Systems Market expected to grow USD 16.2 Billion by 2028

noreply@blogger.com (Jack Wallner) — Fri, 16 Jun 2023 06:08:00 +0000

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Browse 200 market data Tables and 60 Figures spread through 240 Pages and in-depth TOC on "Real-time Location Systems Market by Application (Inventory/Asset Tracking, Personnel Monitoring), Vertical, Region - Global Forecast to 2028 "
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The market for services segment is expected to grow at the highest CAGR during the forecast period.

The access control & security application is projected to grow at a significant CAGR from 2023 to 2028.

North America is expected to hold the largest share of the real-time location systems market during the forecast period.

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Aspherical Lens Market expected to reach $12.2 Bn by 2028

noreply@blogger.com (Jack Wallner) — Thu, 15 Jun 2023 11:52:00 +0000

The report "Aspherical Lens Market by Type (Glass Aspherical lens, Plastic Aspherical lens), Offering (Double Aspherical lens and Single Aspherical lens), Manufacturing Technology (Molding, Polishing & Grinding), Application and Region - Global Forecast to 2028" The aspherical lens market is projected to grow from USD 9.0 billion in 2023 to USD 12.2 billion by 2028, registering a CAGR of 6.2% during the forecast period. The market growth is attributed to the Growing use of infrared aspherical lenses in security and surveillance cameras and rising demand for aspherical lenses for use in digital cameras. Furthermore, surging use of aspherical lenses in optical instruments and ophthalmic applications is expected to create lucrative opportunities for the market.

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Glass aspherical lens type accounted for larger share of aspherical lens market in 2023.

In 2023, the glass aspherical lens held the highest market share. It is further expected to dominate the market during the forecast period. Glass aspherical lenses offer advantages such as improved durability and resistance to scratches and other types of damage. This makes them a reliable and long-lasting option for a variety of applications. The growth in this market can be attributed to the increasing demand for cameras, automotive, and surveillance applications. The increasing focus of market players on the research and development of glass based aspherical lens is also driving market growth. For instance, in 2022, Nikon Corporation announced the release of glass based NIKKOR Z 17-28mm f/2.8, an ultra-wide-angle zoom lens that is compatible with full-frame/FX-format mirrorless cameras for which the Nikon Z mount has been adopted.

Molded manufacturing technology is expected to grow at highest CAGR in the forecast period.

The molded segment of the aspherical lens market accounted for the largest share in 2023. It is further expected to dominate the market during the forecast period, recording the highest CAGR between 2023 and 2028. The molding approach has the advantage of being able to make high-precision aspherical lenses with complicated shapes rapidly and efficiently, which is particularly useful for mass production. Precision glass molding is used to manufacture lenses for applications ranging from cameras and cell phones cameras to high end medical systems. The increasing demand for mass production of high-thermal stability aspherical lens is driving market growth.

Asia Pacific market accounted for larger share of aspherical lens market in 2023.

Over the forecast period, Asia Pacific is anticipated to have the largest aspherical lens Asia Pacific is projected to dominate the market and record the highest CAGR during the forecast period due to the increasing applications of aspherical lenses in several verticals, such as fiber optics & photonics, digital cameras, autonomous vehicles, and ophthalmic. The market growth in the region is also expected to be driven by the increasing demand for aspherical lens in China, Japan, and South Korea; and for the growing use of aspherical lenses in autonomous vehicles, and ophthalmic applications. China is expected to be the largest market for aspherical lens in Asia Pacific. The major drivers for the growth of the aspherical lens market in the region include the growing adoption of high-end smartphones, increasing demand for video surveillance, and high vehicle production. The increasing use of cameras in various industries, the availability of solutions to deal with astigmatism, distortion, and spherical aberrations, and the rapid expansion of the automotive and mobile phone industries is driving the market growth. The increasingly popular photography trend is also creating an opportunity for the market.

Key players

Key players in the aspherical lens market include Nikon Corporation (Japan), Canon, Inc. (Japan), Panasonic Holding Corporation (Japan), HOYA (Japan), Asahi Glass (AGC) (Japan), Schott (Germany), ZEISS International (Germany), Tokai Optical (Japan), SEIKO Optical Products Co., Ltd. (Japan), and Calin Technology Co., Ltd. (Taiwan), among others.

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IO-Link Market expected to reach $33.9 Bn by 2028

noreply@blogger.com (Jack Wallner) — Wed, 14 Jun 2023 00:07:00 +0000

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IO-Link wired segment to propel market growth during forecast period.

IO-Link devices segment is expected to dominate IO-Link market in 2028

In 2028, discrete industries segment to account largest share of IO-Link market

The handling and assembly automation segment to dominate IO-Link market in 2028

Europe likely to hold largest share of IO-Link market during forecast period

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Automatic Tube Cleaning System Market worth $143 Mn by 2028

noreply@blogger.com (Jack Wallner) — Fri, 09 Jun 2023 09:15:00 +0000

The report "Automatic Tube Cleaning System Market by Type (Automatic Ball Tube Cleaning System, Automatic Brush Tube Cleaning System), Industry (Power Generation, Oil & Gas, Commercial Spaces, and Hospitality), Application and Region - Global Forecast to 2028" The global automatic tube cleaning system market size is estimated to be USD 117 million in 2023 and is projected to reach USD 143 million by 2028, at a CAGR of 4.0%. Automatic tube cleaning systems reduce the frequency of costly maintenance shutdowns while optimizing equipment function and increasing energy savings. Automated tube cleaning systems frequently work to eliminate the formation of deposits, thereby decreasing the frequency of costly maintenance shutdowns while optimizing equipment function.

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Automatic ball tube cleaning system to grow at the highest CAGR during the review period

Automatic ball tube cleaning system is an inline cleaning system, which means that there is no need to shut down the plant for periodic cleaning of heat exchanger tubes or interrupt the plant operation. The cleaning can be done without interrupting the process. The key players which provide automatic ball tube cleaning systems are Taprogge Gmbh (Germany), Beaudrey (France), and Westech Engineering, Inc (U.S)

Power generation industry to grow at the highest CAGR during the forecast period

Power generation industry is likely to grow at a higher CAGR during the forecast period. The automatic tube cleaning system is used to increase the cooling capacity and energy savings in heat exchangers. It is cost-effective, which reduces carbon footprint and helps heat exchangers operate at peak efficiency.

Asia Pacific to be the fastest growing market during the forecast period

The increasing population and rapidly growing industrialization have made China and India the largest electricity producers in the world. Also, the APAC region has a booming commercial space industry. The growing need for energy saving and improving operational efficiency in refineries and commercial spaces drives the market for automatic tube cleaning systems in APAC. Moreover, the increase in demand for electricity due to growing urbanization and population increases the need for power plants to generate sufficient electricity for usage. These factors are driving the growth of automatic tube cleaning systems in Asia Pacific.

Major companies operating in the automatic tube cleaning system market include Taprogge Gmbh (Germany) BEAUDREY (France), WesTech Engineering, LLC (U.S.), Ovivo (Canada), Balltech Energy Ltd.(Israel) and among others

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Automotive Semiconductor Market worth $70.0 Billion by 2027, at a CAGR of 10.1%

noreply@blogger.com (Jack Wallner) — Thu, 08 Jun 2023 10:38:00 +0000

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Discrete power device segment to account for the highest CAGR during the forecast period for the automotive semiconductor market

Market for passenger cars to grow at highest CAGR during the forecast period

Market for EVs and HEVs to register the highest CAGR for automotive semiconductor market

Market in APAC is estimated to grow at the highest CAGR during the forecast period

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