The semiconductor and electronics industry reported constant growth from the time it came into being, approximately 40 years ago, until the economic crisis in 2009. The industry was able to cope from short term economic challenges, such as the bursti ....see more
The surface roughness measurement (SRM) market is expected to grow from USD 766 million in 2019 to USD 998 million by 2025, at a CAGR of 4.5% during the forecast period. Growing requirement for improving product quality and manufacturing process to drive the SRM market during the forecast period .The geometric and material properties of the surfaces significantly affect friction, wear, fatigue, corrosion, electrical conductivity, and thermal conductivity of the materials. Moreover, machined components have tight tolerance levels; hence, there is a need to keep the surface roughness within the controllable limits. Thus, surface finish measurement and inspection is essential and helps control the manufacturing processes to ensure that the surface will function as desired. The major value to SRMMs is added by component suppliers and OEMs. CARL Zeiss AG (Germany)), Mitutoyo Corporation (Japan), Starrett (US), Mahr (Germany), Tokyo Seimitsu Co., Ltd. (Japan), Hexagon AB (Sweden), JENOPTIK AG (Germany), EXTECH (US), Wenzel (Germany), Taylor Hobson (UK), Faro Technologies(US), Nikon Corporation (Japan), KEYENCE Corporation (Japan),The Sempre Group (UK), Alicona Imaging GmbH (Austria), Kosaka laboratory Ltd (Japan), KRÜSS GmbH (Germany), Zygo Corporation (US), Horiba Ltd (Japan) and Fowler (US) are some of the major companies dominating the SRM market.
The overall machine automation controller market is expected to grow from USD 33.7 billion in 2019 to USD 41.5 billion by 2024, at a CAGR of 4.3%. The growth of the market is propelled by the increasing focus on reducing overall operational cost, increasing the need to drive productivity in the process industry, and the growing use of robots in the manufacturing sector. Major players involved in the machine automation controller market include ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Yokogawa (Japan), Advantech (Taiwan), Delta Electronics (Taiwan), Honeywell (US), Mitsubishi Electric (Japan), Omron (Japan), Rockwell Automation (US), Robert Bosch (Germany), Beckhoff Automation (Germany), Kollmorgen (US), and Kontron (Germany).
The laser sensor market is expected to grow from USD 535 million in 2019 to USD 863 million by 2024—growing at a CAGR of 10.0% during the forecast period. Major factors driving the market growth include the advent of Industry 4.0 and smart manufacturing, increased government initiatives toward automation, and high demand for laser sensors in the food manufacturing industry. Key players in the laser sensor market include KEYENCE CORPORATION (Japan), Micro-Epsilon (Germany), ifm electronic (Germany), Rockwell Automation, Inc. (US), Panasonic Corporation (US), OMRON Corporation (Japan), SmartRay GmbH (Germany), Schmitt Industries, Inc. (US), Banner Engineering Corp. (US), Baumer Electric AG (Switzerland), and LAP GmbH Laser Applications (Germany), among others.
The field device management market is projected to grow from USD 1.3 billion in 2019 to USD 1.8 billion by 2024; it is expected to grow at a compound annual growth rate (CAGR) of 6.7%. Siemens AG (Siemens, Germany); Emerson Electric Co. (Emerson, US); ABB Group (ABB, Switzerland); Schneider Electric (Schneider Electric, France); Honeywell International Inc. (Honeywell, US); Rockwell Automation, Inc. (Rockwell, US); Yokogawa Electric Corporation (Yokogawa, Japan); OMRON Corporation (OMRON, Japan); Mitsubishi Electric Corporation (Mitsubishi Electric, Japan); Fanuc Corporation (Fanuc, Japan); Metso Corporation (Metso, Finland); Valmet Oyj (Valmet, Finland); Hamilton Company (Hamilton, US); Phoenix Contact GmbH & Co. KG (Phoenix Contact, Germany); Endress+Hauser AG (Endress+Hauser, Switzerland); Festo AG (Festo, Germany); Omega Engineering (Omega, UK); Hach (Hach, US); Azbil Corporation (Azbil Corporation, Japan); and Weidmüller (Weidmüller, Germany) are among a few major players in the field device management market.
The overall human centric lighting market is projected to grow from USD 810 million in 2019 to USD 3,655 million by 2024 growing at a CAGR of 35.2%. The growth of the human centric lighting market is driven by the high adoption of LED lighting solutions; initiatives toward establishing smart cities; and the rising in demand for energy-efficient lighting solutions. The implementation of wireless technology for LED lighting is expected to provide huge growth opportunities to market players. The human centric lighting market is currently dominated by Signify Lighting NV (Netherlands), OSRAM Licht AG (Germany), Acuity Brands, Inc. (US), Cree, Inc. (US), Legrand SA (France), Hubbell Inc. (US), Zumtobel Group AG (Austria), Wipro Enterprises (P) Ltd. (India), Glamox AS (Norway), and Lutron Electronics Co., Inc. (US). A few of the major strategies adopted by these players to compete in the human centric lighting market include product launches and developments, partnerships, and mergers and acquisitions.
The environmental test chambers market is estimated to grow from USD 842 million in 2019 to USD 938 million by 2024 at a CAGR of 2.18%. The major drivers for this market include the increase in number of regulations in industries such as aerospace and defense, and automotive; growing requirement of monitoring the effects of various stress factors; and supportive government initiatives.
The safety valves market is expected to be valued at USD 4.5 billion in 2019 and is likely to reach USD 5.5 billion by 2024, at a CAGR of 4.30% during the forecast period. Importance of safety valves in industrial processes, increased need from oil & gas, growth in nuclear energy generation are among the key driving factors for the safety valve market. Constant need for safety valve replacement, use of 3D printers in manufacturing lines are among the other factors fueling the growth of the safety valve market. However, the high cost of fabrication can hinder the growth of the safety valve market. A few key players operating in the safety valve market are Emerson (US), Alfa Laval (Sweden), Cameron Schlumberger (US), LESER (Germany), and IMI PLC (UK).
The micro-location technology market is projected to grow from USD 14.1 billion in 2019 to USD 34.1 billion by 2024 at a CAGR of 19.4%. Factors such as increasing importance of asset management across different industries, rise in the use of location-based mobile advertisement, high return on investment, growing adoption of mobile devices, and inefficiency of GPS in indoor premises are driving the market growth. Cisco Systems (US), Aruba Networks (US), Humatics Corporation (US), Estimote (US), Ruckus Networks (US), Zebra Technologies (US), CenTrak (US), Ubisense (UK), Camco Technologies (Belgium), and Siemens (Germany) are key players in the market. Decawave (Ireland), Apple (US), Google (US), Redpine Signals (US), and Visible Assets (US) are key innovators in the market.
The overall sports optic market is projected to be value at USD 1.8 billion in 2019 and is expected to reach USD 2.1 billion by 2024, at a CAGR of 2.71% during that period. A major growth driver is the enhanced fan engagement/experience. Further, superior performance specifications such as clarity, sharpness, portability, and magnification are driving the sports optic market.Nikon (Japan), Carl Zeiss (Germany), Leupold & Stevens (US), Bushnell (US), Trijicon (US), Celestron (US), Burris (US), Leica Camera (Germany), Swarovski Optik (Austria), and ATN (US).
The market for vision sensor is expected to grow from USD 2.5 billion in 2018 to USD 4.5 billion by 2023—growing at a compound annual growth rate (CAGR) of 12.2%. Factors driving the demand for these sensors include the growth of the electronics and electrical industry, the use of machine vision technology in the automotive industry, and the focus of manufacturing companies on cost and time savings.Cognex (US), Teledyne (US), Keyence (Japan), Sick AG (Germany), Baumer (Switzerland), Omron (Japan), Datalogic (Italy), Ifm Electronics (Germany), Balluff (Germany), and Basler (Germany).
The microprinting market is expected to grow from USD 525 million in 2019 to USD 670 million by 2024, at a compound annual growth rate (CAGR) of 5.0%. Standards and regulations in the banking sector, and technological advancement in microprinting technology are the major factors driving the growth of the microprinting market. Xerox Corporation (US), Videojet Technologies, Inc. (US), Matica Technologies AG (Germany), Brady Corporation (US), Zebra Technologies Corporation (US), HP Inc. (US), Ricoh Company Ltd. (Japan), Canon Finetech Nisca Inc. (Japan), Source Technologies (US), SAFEChecks (US), Xeikon (Netherlands), Domino Printing Sciences PLC (UK), Control Print Ltd. (India), Data Carte Concepts (Canada), Evolis (France), Micro Format, Inc. (US), Spectrum Positive (UK), Printegra (US), Trustcopy (Singapore), and William Frick & Company (US) are major players in the microprinting market.
The overall far-field speech and voice recognition market is expected to reach USD 3,505 million by 2024 from USD 969 million in 2018, growing at a CAGR of 23.89%. The growth of the far-field speech and voice recognition market can be attributed to the technical advancement of deep-learning-based far-field microphones, growing impact of front-end hardware components on the accuracy of speech and voice recognition, and growth in voice control–based smart speakers. Major players in the far-field speech and voice recognition market covered in this report are Synaptics (US), Texas Instruments (US), Qualcomm (US), Sensory (US), STMicroelectronics (Switzerland), Harman (US), Andrea Electronics (US), Cirrus Logic (US), Microsemi (US), DSP Group (US), and Knowles (US).
The 8K technology market is projected to grow from USD 2.9 billion in 2019 to USD USD 26.8 billion by 2024—growing at a CAGR of 55.5%. Demand for 8K technology is rising due to the increased demand for larger-sized TVs with higher resolution; availability of various products for the creation and delivery of 8K content; and advancements in display technology, financial assistance by governments, and expansion of production capabilities for 8K UHD display panels. Samsung Electronics (South Korea), LG Electronics (South Korea), Sony Corporation (Japan), JVCKENWOOD Corporation (Japan), Sharp Corporation (Japan), Canon Inc. (Japan), Red Digital Cinema (US), Dell Technologies (US), Leyard Optoelectronic (China), and Digital Projection (UK) are the major players in the 8K technology market.
The global image intensifier market is expected to reach USD 1,320 million by 2024 from USD 912 million in 2019 at a CAGR of 7.66%. The increasing military expenditure worldwide and the growing demand for medical diagnostic systems with better visibility drive the growth of the image intensifier market. The key players in the market include Harris Corporation (US), L3 technologies (US), Thales Group (France), Siemens AG (Germany), Canon Medical Systems (Japan), PHOTONIS Technologies SAS (France), FLIR Systems (Armasight) (US), Alpha optics systems Inc (Canada), JSC Katod (Russia), Photek Limited (UK), Argus Imaging BV (the Netherlands), Meomed.cz (Czech Republic), ASELSAN A.ª. (Turkey), HARDER.digital GmbH (Germany), Dantec Dynamics A/S (Denmark), Lambert Instruments BV (Netherlands), Yukon Advanced Optics (Lithuania), ProxiVision GmbH (Germany), DEP Technologies (US), TAK Technologies Pvt. Ltd. (India), and OPTEXIM JSC (Bulgaria). These players are increasingly undertaking product launches and developments, mergers and acquisitions, contracts, partnerships, and agreements to develop and introduce new technologies and products in the market.
The overall transparent display market is expected to grow from USD 408 million in 2018 to USD 2,591 million by 2023, at a CAGR of 44.7% from 2018 to 2023. The transparent display market is driven by the growing demand for LCD-based transparent displays for various verticals and increasing use of transparent displays for HMD and HUD products. High growth for OLED-based transparent display devices and high adoption of transparent displays for digital signage products are expected to provide huge growth opportunities to players in the transparent display market. Key players in the market include Planar Systems (US), Pro Display (UK), Crystal Display System (UK), LG Electronics (South Korea), Panasonics (Japan), BenQ (Taiwan), ClearLED (US), Kent Optronics (US), NEC Display Solutions (Japan), and Universal Display Corporation (US). These players are increasingly undertaking product launches and developments, contract, partnerships, and agreements to develop and introduce new technologies and products in the market.
The overall nanorobotics market is expected to grow from USD 4.9 billion in 2018 to USD 8.3 billion by 2023, at a CAGR of 11.1%. The growth of the nanorobotics market is driven by various factors, such as increasing government support and level of investment in nanorobotics, growing advancements in molecular robots, and rising focus on nanotechnology and regenerative medicine. Growth opportunities in emerging markets, increasing application areas of microscopes, and integration of microscopy with spectroscopy are expected to provide huge growth opportunities to players in the nanorobotics market. The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Ginkgo Bioworks (US), Imina Technologies (Switzerland), Thermo Fisher Scientific (US), Klocke Nanotechnik (Germany), Oxford Instruments (UK), Kliendiek Nanotechnik (Germany), Bruker (US), JEOL (Japan), Toronto Nano Instrumentation (Canada), EV Group (Austria), Xidex (US), Synthace (Germany), Park Systems (South Korea), Smaract (Germany), Nanonics Imaging (Israel), Novascan Technologies (US), Angstrom Advanced (US), Hummingbird Scientific (US), NT-MDT Spectrum Instruments (SI) (Russia), and WITec (Germany).
The overall AFA market was valued at USD 5.9 billion in 2018 and is expected to reach USD 17.8 billion by 2023, at a CAGR of 24.53% during that period. Major growth drivers are increasingly being used in data centers. Further, factors such as flexibility, installation, maintenance, and size are also driving the AFA market. Key players in the AFA market include Dell (US), Hewlett Packard Enterprise (HPE) (US), NetApp (US), Pure Storage (US), IBM (US), Huawei (China), Western Digital (US), Hitachi (Japan), Kaminario (US), and Micron (US).
The precision harvesting market was worth USD 10.4 billion in 2018 and is projected to reach USD 17.5 billion by 2023, at a CAGR of 10.94% during 2018–2023. The major drivers for the precision harvesting market are increasing farm mechanization in developing countries in Asia Pacific and Africa, increasing adoption of harvesting robots and autonomous combine harvesters, and increasing labor cost owing to shortage of skilled labor. The report profiles key players, including Deere & Company (US), Trimble (US), AGCO Corporation (US), AgJunction (US), Raven Industries (US), AG Leader (US), Precision Planting (US), FFRobotics (Israel), Abundant Robotics, (US), Harvest Automation (US), Harvest Croo Robotics (US), and Vision Robotics Corporation (US).
The overall wireless network test equipment market is expected to grow from USD 3.2 billion in 2018 to USD 4.7 billion by 2023 at a CAGR of 8.0%. The growth of the market is propelled by the growing mobile data traffic coupled with increasing adoption of smart devices, rising technological advancement toward networking and communication, and increasing interoperability of network technologies. Major players involved in the wireless network test equipment market include Anritsu (Japan), Infovista (Virginia), Keysight Technologies (US), Rohde & Schwarz (Germany), VIAVI (US), Accuver (US), Dingli Corporation (China), Empirix (US), EXFO (US), Spirent Communications (UK), Teoco (US), RADCOM (Israel), Gemalto (Netherlands), NETSCOUT (US), and Bird Technologies (US).
The high density interconnect (HDI) market is expected to grow from USD 9.5 billion in 2018 to USD 16.9 billion by 2023, at a CAGR of 12.3% from 2018 to 2023. A few key factors driving the growth of this market are increasing adoption of advanced electronics and safety measures in the automotive vertical and growing demand for smart consumer electronics and wearable devices. Unimicron (Taiwan), Compeq Co. (Taiwan), TTM Technologies (US), Austria Technologie & Systemtechnik (Austria), Zhen Ding Tech. (Taiwan), IBIDEN (Japan), MEIKO ELECTRONICS Co. (Japan), FUJITSU INTERCONNECT TECHNOLOGIES (Japan), Tripod Technology Corp. (Taiwan), Unitech (Taiwan), SAMSUNG ELECTRO-MECHANICS (South Korea), Daeduck GDS Co (South Korea), DAP Corp. (South Korea), Korea Circuit (South Korea), CMK (Japan), NCAB Group (Sweden), SIERRA CIRCUITS (US), and Multek (Hong Kong) are among the major players in the HDI market.
The volatile organic compound (VOC) sensors and monitors market is expected to grow from USD 140 million in 2018 to USD 176 million by 2023, at a CAGR of 4.6% during the forecast period. Increasing enforcement of occupational health and safety regulations by governments is one of the prime factors driving the VOC sensors and monitors market. Apart from this, growing awareness regarding controlled air quality, and rising demand for VOC sensors and monitors from developing countries are other major factors fueling the growth of the said market.Key players in the VOC sensors and monitors market include FIGARO (Japan), ams AG (Austria), Alphasense (UK), Drägerwerk (Germany), Honeywell (US), Aeroqual (New Zealand), Siemens (Germany), Extech (US), Global Detection Systems (US), and USHIO (Japan). Honeywell (US) is a well-known player in the VOC sensors and monitors market.
The track geometry measurement system (TGMS) market is expected to be valued at USD 2.8 billion in 2019 and is likely to reach USD 3.7 billion by 2024, at a CAGR of 6.00% during the forecast period. The use of track geometry measurement systems by the companies operating in the railway industry for complying with various standards and regulations is among the key factors driving the TGMS market. Moreover, the high popularity of no contact track geometry measurement system is another factor expected to considerably boost the growth of the said market in the coming years. A few key players operating in the TGMS market are ENSCO (US), Fugro (Netherlands), MER MEC (Italy), Balfour Beatty (UK), Plasser & Theurer (Austria), Siemens (Germany), R. Bance & Co. (UK), Bentley Systems (US), Goldschmidt Thermit Group (Germany), and Egis (France).
The HVDC transmission market is projected to reach USD 12.3 billion by 2024 from USD 8.2 billion in 2018, at a CAGR of 6.9% during 2018–2024. Major drivers for the market’s growth are optimal solutions for long distance transmission, growing demand for VSC technology, shift toward renewable energy, and supportive government policies and initiatives for HVDC transmission. Key players in the HVDC transmission market ABB (Switzerland), Siemens (Germany), General Electric (US), Hitachi (Japan), Mitsubishi Electric (Japan), Nexans (France), NKT A/S (Denmark), NR Electric (China), C-EPRI Electric Power Engineering (China), and Prysmian Group (Italy).
The load monitoring system market is expected to grow from USD 2.6 billion in 2018 to USD 3.3 billion by 2024, at a CAGR of 4.0%. The growth of the market is propelled by the rise in demand for load monitoring system in healthcare, increase in use of load monitoring system for testing and monitoring aircraft parts, decline in instrumental errors owing to technological innovations in load cells, and increase in demand for remote load monitoring. Major players involved in the market include Flintec (Sweden), Mettler Toldo (Switzerland), Precia Molen (France), Spectris (UK), Vishay Precision Group (US), Dynamic Load Monitoring (UK), JCM Load Monitoring (UK), LMC Systems (UK), Load Monitoring Systems (UK), Straightpoint (UK), Wirop Industrial (Taiwan), Eilersen Electric Digital Systems (Denmark), Euroload (UK), Futek Advanced Sensor Technology (US), Mantracourt Electronics (UK), PCE Deutschland (Germany), Standard Loadcells (India), Strainsert (US), Tecsis (Germany), and Thames Side Sensors (UK).
The overall linear motion market is expected to reach USD 4.4 billion by 2024 from USD 3.2 billion in 2018, at a CAGR of 5.3%. Increasing need for quality inspection and automation, reduced time-to-market, and growing demand for miniaturization of electronic devices in the semiconductor industry are a few major driving factors propelling the market growth. The report profiles the most promising players in the linear motion market. The competitive landscape of the market presents an interesting picture of strategies adopted by a large number of players. THK Co., Ltd. (Japan), NSK Ltd. (Japan), HIWIN Technologies Corp. (Taiwan), Nippon Thompson Co., Ltd. (IKO) (Japan), Robert Bosch GmbH (Germany), Schaeffler Technologies AG & Co. KG (Germany), Rockwell Automation Inc. (US), Timken Company (US), Fortive (US), HepcoMotion (UK), and SCHNEEBERGER Group (Switzerland) are few dominant players in the linear motion market.
The overall smart pneumatics market is estimated to grow from USD 3.3 billion in 2018 to USD 4.6 billion by 2023, at a CAGR of 6.7% from 2018 to 2023. The growth of this market will be propelled by growing awareness about predictive maintenance, penetration of digitization and IIoT, and need for wireless infrastructure to maintain/monitor equipment in plants. Emerson Electric Co. (US), Festo AG & Co. KG (Germany), Parker Hannifin Corporation (US), Bimba Manufacturing Co. (US), Rotork plc (UK), Metso Corporation (Finland), and Thomson Industries, Inc. (US). are the major players operating in this market.
A display driver IC controls the current and voltage requirements across the display panel for it to function. The display driver receives image data from timing controller and delivers precise analog voltages or currents to create images on the display. The display driver market is estimated to grow from USD 7.1 billion in 2018 to USD 9.1 billion by 2023, at a CAGR of 5.1% between 2018 and 2023. The market is growing due to the increasing demand for OLED and flexible displays, adoption of highly priced and advanced display drivers, and growth in the automotive display market. Growth in the use of 4K and 8K televisions and availability of UHD content, and evolving role of DDICs in individual components and single integration chips also drive the growth of the market for display driver ICs. Key players in the display driver market are Samsung Electronics (South Korea), Novatek Microelectronics (Taiwan), Synaptics (US), Himax Technologies (Taiwan), Silicon Works (South Korea), Sitronix Technology (Taiwan), Raydium Semiconductor (Taiwan), Magnachip Semiconductor (Luxembourg & South Korea), FocalTech (Taiwan), MediaTek (Taiwan), and ROHM Semiconductor (Japan).
The hybrid fiber coaxial (HFC) market is expected to reach USD 13.6 billion by 2023 from USD 9.6 billion in 2018, at a CAGR of 8.02% during 2018–2023. Major factors driving the market’s growth include high bandwidth and cost efficiency compared to other technologies. In line with this, the use of HFC has gained remarkable consideration for data transfer in IoT applications. However, factors such as troubleshooting and maintenance issues after deployment are restraining the market’s growth. The key HFC players in the market are Arris (US), Huawei (China), Nokia (Finland), Technicolor (France), Cisco (US), Corning, (US), Ciena (US), Comcast (US), CommScope (US), Teleste Corp. (Finland), Telstra Corp. (Australia), PCT International (US), ZTE (China), Comba (China), Skyworks (US), Vodafone (England), Vecima Networks (Canada), Technetix (UK), Infinera (US), Finisar (US), Bentley Systems (US), Bktel (Germany), C-COR Broadband (Australia), Verizon (US), Charter Communications (US), Cox Communications (US), Singtel Optus (China), Com Hem (Sweden), TDC (Denmark), Telecom Italia (Italy), and Telefonica (Spain).
The substrate-like PCB market is expected to grow from USD 1.1 billion in 2018 to USD 2.6 billion by 2024, at a compound annual growth rate (CAGR) of 15.6% during the forecast period. The high adoption of SLPs by leading OEMs, surge in demand for smart consumer electronics and wearable devices, and impactful benefits of SLPs are the major factors driving the growth of the substrate-like PCB market. AT&S (Austria); TTM Technologies (US); Samsung Electro-Mechanics (South Korea); Korea Circuit (South Korea); Kinsus Interconnect Technology (Taiwan); Zhen Ding Technology (Taiwan); Unimicron (Taiwan); Compeq (Taiwan); Ibiden (Japan); Daeduck Electronics (South Korea); ISU Petasys (South Korea); Tripod Technology Corporation (Taiwan); LG Innotek (South Korea) are major players in the substrate-like PCB market.
According to MarketsandMarkets, the global nanomechanical testing market is expected to grow from USD 279 million in 2018 to USD 345 million by 2023, at a CAGR of 3.65% during the forecast period. The increasing demand for testing various materials to understand its properties on a nanoscale would increase the market for nanomechanical testing services for several applications, such as life sciences, industrial manufacturing, and material development. Bruker Corporation (US), Micro Materials Limited (UK), Alemnis GmbH (Switzerland), MTS Systems Corporation (US), Quad Group, Inc. (US), Illinois Tool Works Inc. (US), Nanoscience Instruments (US), Biomomentum Inc. (Canada), Micro Materials Limited (UK), Nanomechanics Inc. (US), and Testometric Co., Ltd. (UK) are the major players in the nanomechanical testing market.
The overall model based enterprise market is expected to reach USD 21.3 billion by 2023 from USD 8.1 billion by 2018, at a CAGR of 21.17%. Wide-ranging applications of digital technologies in design and manufacturing, and evolving software capabilities are a few major driving factors propelling market growth. The report profiles the most promising players in the model based enterprise market. The competitive landscape of the market presents an interesting picture of strategies adopted by a large number of players. Siemens AG (Germany), General Electric (GE) (US), PTC, Inc. (US), Dassault Systèmes SE (France), Autodesk, Inc. (US), SAP SE (Germany), HCL Technologies Ltd. (India), Oracle Corporation (US), Aras Corporation (US), and Anark Corporation (US) are the key players in the said market.
The clean-in-place market is expected to grow from USD 7.5 billion in 2018 to USD 15.4 billion by 2023, at a CAGR of 15.49%. The increased use of CIP systems in the pharma industry to meet the hygiene requirements, and high demand for processed and convenience food and dairy products, as well as for beverages are the key factors driving the growth of the clean-in-place market.
According to MarketsandMarkets, the overall safety laser scanner market is expected to grow from USD 304 million in 2018 to USD 406 million by 2023, at a high CAGR of 5.99% during 2018–2023. The safety laser scanner market offers a long-term cost-effective solution for use with new machine installations or for retro fitting machines, plants, or even vehicles. Therefore, small form factor, high user-friendliness, seamless integration, and high on power efficiency collectively are responsible for the overall growth of the market.
The consumer IoT market is estimated to reach USD 104.4 billion by 2023 from USD 46.8 billion by 2018, at a CAGR of 17.39% during 2018–2023. A few of the major driving factors for the growth of this market include the growing number of internet users and adoption of smart devices, increasing awareness about fitness and rise in disposable incomes in developing economies, and consumer preference for increased convenience and better lifestyle.
The overall wearable AI market is projected to reach USD 42.4 billion by 2023, from USD 11.5 billion in 2018, growing at a CAGR of 29.75% during that period. Major growth drivers are increase in demand for AI assistants, augmentation of operations in healthcare industry, emergence of IoT and integration of wireless technology, growth prospects of wearable component technology, and increase in consumer preference and demand for advanced wearable devices.
The insulation monitoring devices market is expected to grow from USD 579 million to USD 748 million by 2023, at a CAGR of 5.25% during the forecast period. The prevention of data loss due to power supply fluctuations, necessity of electricals in IT systems, and increased demand for insulation monitoring devices from renewable energy power plants are the key drivers for the market growth.
The overall SLAM market is projected to reach USD 465 million by 2023 from USD 101 million in 2018, growing at a CAGR of 35.77% during 2018-2023. Major drivers for the market’s growth are the advancements in visual SLAM algorithm, growth of SLAM in augmented reality (AR), and growing demand for self-locating robotics in homes and enterprises. Key players in the SLAM market include Intel (US), Microsoft (US), Alphabet (US), Amazon Robotics (US), Apple (US), Clearpath Robotics (Canada), Aethon (US), The Hi-Tech Robotic Systemz (India), Facebook (US), Intellias (Ukraine), Magic Leap (US), Rethink Robotics (US), Skydio (US), NavVis (Germany), and Mobile Industrial Robots ApS (Denmark).
The overall electrostatic precipitator market is expected to grow from USD 5.8 billion in 2018 to USD 7.0 billion by 2023, at a CAGR of 3.97%. Tightening air pollution control regulations, growth in coal-fired power plants, and growing environmental concerns are the key factors driving the growth of this market. Key players in the market include General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Siemens (Germany), Amec Foster Wheeler (UK), Babcock & Wilcox (US), Thermax Global (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US). These players are increasingly undertaking contracts and expansions to increase their market shares.
The mobile robots market is expected to grow from USD 13.9 billion in 2018 to USD 54.1 billion by 2023, at a CAGR of 23.71% during the forecast period. The high adoption of robots for personal uses, such as companionship and entertainment, is the key factor driving the growth of the mobile robots market. Increasing demand for automated ground vehicles (AGVs) of warehouse automation is another driving factor for the market. Major players in the mobile robots market include Northrop Grumman (US), Honda Motor (Japan), Softbank (Japan), iRobot (US), DJI (China), Lockheed Martin (US), Kongsberg Maritime (Norway), KUKA (Germany), Bluefin Robotics (US), Samsung Electronics (South Korea), Parrot (France), 3DR (US), GeckoSystems (US), LG (South Korea), Amazon Robotics (US), Mayfield Robotics (US), Promobot (Russia), Bluefrog Robotics (France), LEGO (Denmark), and ECA Group (France).
The market for power amplifiers is expected to grow from USD 21.4 billion in 2018 to USD 30.6 billion by 2023, at a CAGR of 7.4% during the forecast period. Key players in the power amplifier ecosystem include Infineon Technologies (Germany), Texas Instruments (US), Broadcom (US), Toshiba (Japan), STMicroelectronics (Switzerland), Maxim Integrated (US), Yamaha (Japan), Qorvo (US), NXP Semiconductors (Netherlands), Analog Devices (US), Skyworks Solutions (US), QSC Audio Products (US), Peavey Electronics (US), Qualcomm (US), MACOM (US), BONN Elektronik (Germany), Renesas Electronics (Japan), ETL Systems (UK), and OPHIR RF (US).
The application processor market is expected to be valued at USD 29.0 billion in 2018 and is likely to reach USD 38.2 billion by 2023, at a CAGR of 5.63% during the forecast period. High demand for application processors from the consumer electronics industry is one of the major factors driving the growth of the market. Moreover, these processors are also increasingly being used in the automotive industry in automotive infotainment systems and ADAS systems; this factor is also expected to considerably boost the growth of the said market in the coming years. A few major players operating in the application processor market are Apple (US), Samsung Electronics (South Korea), Qualcomm (US), MediaTek (Taiwan), NXP Semiconductors (Netherlands), Texas Instruments (US), NVIDIA (US), Toshiba (Japan), and HiSilicon Technologies (China).
The overall automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of 55.65%. Major drivers for market growth are the increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing. Key players in the automated 3D printing market include Stratasys (Israel), ExOne(US), 3D Systems (US), Materialise (Belgium), Universal Robot (Denmark), Formlabs (US), EOS GmbH (Germany), SLM Solutions (Germany), Concept Laser (Germany), Coobx (Liechtenstein), Authentise (US), Renishaw (UK), NVBOTS (US), PostProcess Technologies (US), and DWS System (Italy).
The overall collimating lens market is expected to grow from USD 289 million in 2018 to USD 380 million by 2023, at a CAGR of 5.7%. Advantages of collimating lenses in various applications and benefits of using aspheric lenses over traditional spherical lenses in optics systems are the key factors driving the growth of the collimating lens market. LightPath Technologies, Inc. (US), Ocean Optics, Inc. (US), INGENERIC GmbH (Germany), TRIOPTICS GmbH (Germany), Avantes BV (Netherlands), Auer Lighting GmbH (Germany), IPG Photonics Corporation (US), Optikos Corporation (US), The Optoelectronics Co. Ltd. (UK), and Thorlabs, Inc. (US) are a few major players in the collimating lens market.
The telepresence robot market is expected to grow from USD 145.8 million in 2018 to USD 312.6 million by 2023, at a CAGR of 16.5%. The telepresence robot market is mainly driven by the factors such as enhanced operational efficiency in enterprises due to the virtual meeting, high demand from the healthcare industry, and low cost due to the availability of supporting devices. The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Double Robotics (US), Inbot Technology (China), Suitable Technologies (US), Mantaro Networks (US), VGo Communications (UK), InTouch Technologies (US), Qihan Technology (China), Amy Robotics (China), Anybots (US), SuperDroid Robots (US), Ava Robotics (US), Camanio Care (Sweden), Wicron (Russia), Xandex (US), Rbot (Russia), AXYN Robotique (France), OhmniLabs (US), Swivl (US), Xaxxon Technologies (Canada), and Hease Robotics (France).
The modular robotics market is expected to reach USD 10.76 billion by 2023 from USD 4.70 billion in 2018, at a CAGR of 18.00%. Factors driving the growth of the modular robotics market include growing investment in industrial automation and increasing adoption of collaborative modular robots owing to their benefits and features. ABB Ltd. (ABB, Switzerland), KUKA AG (KUKA, Germany), Mitsubishi Electric Corp. (Mitsubishi, Japan), FANUC Corporation (Fanuc, Japan), Kawasaki Heavy Industries Ltd. (Kawasaki Heavy Industries, Japan), and Yaskawa Electric Corporation (Yaskawa, Japan) are a few key players in the modular robotics market.
The industrial vacuum cleaner market is expected to grow from USD 536.9 million in 2018 to USD 681.3 million by 2023, at a CAGR of 4.88%. The use of industrial cleaning equipment was started in the early 1900s. Earlier, industrial dirt was removed by traditional cleaning methods. Alfred Kaercher GmbH & Co. KG (Germany), Nilfisk A/S (Denmark), and Tennant Company (US) are among the key players in this market. Other companies covered in this report are Comac SpA (Italy), Nederman Holding AB (Sweden), Suiden Co., Ltd. (Japan), Hako GmbH (Germany), Eureka Forbes Limited (India), EXAIR Corporation (US), Diversey, Inc. (Tasky) (US), Numatic International Ltd. (UK), Delfin Industrial Vacuums (Italy), Ruwac Industriesauger GmbH (Germany), Kraenzle (Germany), Sibilia S.r.l. (Italy), American Vacuum Company (US), Debus GmbH (Germany), RGS Vacuum System (Italy), Depureco Industrial Vacuums (Italy), and Ghibli & Wirbel (Italy).
The vibration level switch market is estimated to reach USD 605.5 million by 2018 and USD 833.8 million by 2023, growing at a CAGR of 6.6% during that period. Benefits over other point level measurement technologies, growing demand in pharmaceuticals and food & beverages industries, and emphasis on safety of overfill protection systems are the key factors driving the market’s growth. The market has been segmented based on technology, application, industry, and region. The vibration level switch market was dominated by key players such as Endress+Hauser (Switzerland), Emerson Electric (US), VEGA Grieshaber (Germany), KROHNE (Germany), and Siemens (Germany).
According to MarketsandMarkets, the AGV software market is expected to grow from USD 540.2 million in 2018 to USD 1,046.4 million by 2023, at a CAGR of 14.14% from 2018 to 2023. Major factors driving the growth of the AGV market include the rising demand for automation across different industries, globalization of supply chain networks, and increasing adoption of on-cloud warehouse management system (WMS) solutions. KION Group (Germany), KUKA (Germany), Toyota Industries (Japan), JBT Corporation (US), Oceaneering International (US), Kollmorgen (US), Murata Machinery (Japan), BA Systemes (France), Transbotics (US), and Götting (Germany) are a few major players in the global AGV software market.
The overall LTE Advanced Pro market is estimated to be valued at USD 150.0 million in 2018 and is expected to reach USD 8,017.5 million by 2023, at a CAGR of 121.6% from 2018 to 2023. Major drivers for this market are as follows: LTE Advanced Pro delivering higher bitrates in a cost-efficient manner; improved efficiency with additional functionality; reduced latency and optimized connectivity; and growing demand for improved network coverage. The companies profiled in this report are Huawei (China), Ericsson (Sweden), Nokia Networks (Finland), ZTE (China), Samsung Electronics (South Korea), NEC (Japan), Cisco Systems (US), Qualcomm (US), Intel (US), Cavium, Inc. (US), Qorvo, Inc. (US), CommScope (US), and Airspan Networks (US) among others.
The space mining market is estimated to grow from USD 0.65 billion in 2018 to USD 2.84 billion by 2025, at a CAGR of 23.6%. The growth of this market can be attributed to the ongoing and impending space mining missions, increasing investments by private stakeholders in asteroid mining companies, and rising government initiatives to frame regulations with respect to asteroid mining. Major players and space agencies in the space mining market include Deep Space Industries (US); Planetary Resources (US); Moon Express (US); ispace (Japan); Asteroid Mining Corporation (UK); Shackleton Energy Company (SEC, US); Kleos Space (Luxembourg); TransAstra (US); OffWorld (US); SpaceFab.US (US); National Aeronautics and Space Administration (NASA, US); European Space Agency (ESA, France); Japan Aerospace Exploration Agency (JAXA, Japan); China National Space Administration (CNSA, China); and Russian Federal Space Agency (ROSCOSMOS, Russia).