Smart Lighting Market Size, Share, Analysis, Forecast (2018-2023)

The overall smart lighting market is estimated to grow from USD 7.93 billion in 2018 to USD 20.98 billion by 2023, at a CAGR of 21.50% between 2018 and 2023. The forecast period considered for this report is between 2018 and 2023. The major factors driving the growth of the smart lighting market include modernization and development of infrastructure to transform cities into smart cities, increased demand for intelligent solutions for street lighting systems, need for energy-efficient lighting systems, increasing adoption and decreasing cost of LEDs, and growing awareness about energy savings among consumers and governments worldwide.

Smart lighting solutions are likely to have significant growth potential in the coming years. The adoption of smart lighting is rapidly increasing with the growth of cities and industrial activities. Till now, illumination of places in dark has been the main task performed by the street lighting systems. However, in the future, street lamps are expected to accomplish many more functions. These functions include notifying the garbage collection service providers about the fully filled waste bins in the neighborhood to prevent the overflow, and keeping track of changes in traffic volume and feeding the related data into an intelligent transport system (ITS). Street lighting would be a part of networked urban infrastructure. This acts a driver for the development of street light systems. The integration of Internet of Things (IoT) and street lighting systems would enable to reduce energy consumption, save money, and enhance the safety in cities. Features such as energy efficiency and sustainability are driving the adoption of smart lighting in the street and outdoor lighting applications. 

The smart lighting market for the wireless segment is expected to grow at a higher CAGR during the forecast period. Wireless technologies eliminate the use of wires, thereby abolishing the need for installation and protection of cables. Elimination of wiring tasks leads to the significant reduction in the cost of wireless smart lighting system. Also, a wireless system is flexible in nature. Thus, the sensors equipped with wireless communication can be organized into an autonomous network, which makes updating, adding, moving, and replacing of sensors easy after the initial installation. The development of wireless technologies is expected to drive the growth of the smart lighting market for the wireless communication protocols.

Among offerings, the smart lighting market for services is expected to grow at the highest CAGR during the forecast period. The growth of the market for the service segment is mainly propelled by the rising adoption of smart lighting systems and use of lighting service to reduce the cost as well as to conserve energy and ensure ecological safety. Moreover, the growth of the market for services is also attributed to the high demand for engineering, consulting, and analytical services among the smart lighting end users.

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In terms of application type, outdoor application (highways and roadways, architectural, and public places) is expected to witness significant growth during the forecast period. Increasing focus on enhancing connectivity by constructing roads and installing street lights for these roads, especially in the developing countries in APAC, would spur the growth of the outdoor smart lighting market. Moreover, reducing energy consumption has become a major objective for building owners, governments, utilities, and other stakeholders. Replacing existing lights with more energy-efficient lighting sources, such as LEDs, is one of the ways to reduce massive energy consumption; however, it is a small-scale solution. On a large scale, energy reduction can be achieved by turning the lights off when not required, optimizing light levels to suit the workers’ needs, and reducing the overall demand for lighting energy. These measures come under smart lighting arrangement, which is the best way to ensure the automatic reduction in energy consumed in lighting task. Controls and connectivity enable the personalization of lighting as well as allow users to use it for internal wayfinding while simultaneously reducing energy use, optimizing spaces, and lowering maintenance costs.

On the basis of region, the market in APAC would grow at the highest CAGR during the forecast period. The fastest predicted growth of the smart lighting market in APAC is attributed to the rapid infrastructure building activities being undertaken in APAC, where smart lighting paves the way for the modernization of infrastructure. The demand for smart lighting technology is increasing constantly in major APAC countries, such as India, Japan, and China. The countries in APAC are densely populated, thereby focusing highly on infrastructural developments for their growth and sustainability.

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

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

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Industrial Vacuum Cleaner Market Growth Analysis, Emerging Trends and Forecasts to 2023

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%. Industrial vacuum cleaners are more powerful than household vacuum cleaners and can suck all the unwanted elements on the surface. Benefits incurred by industrial vacuum cleaners include removal of tough deposits and hard stains from industries, continuous cleaning operations, and saving on the labor and man hours, which drive the industrial vacuum cleaner market growth.

Increasing awareness about hygiene and safety requirements at the workplace, rising labor cost in developing countries are fueling the demand for industrial vacuum cleaners. This market is majorly captured by Alfred Kaercher GmbH & Co. KG (Germany), Nilfisk A/S (Denmark), and Tennant Company (US). However, local or regional and specialist manufacturers of industrial vacuum cleaners are also present in the said market. Recently, in 2018, Kaercher introduced 2 new vacuum cleaners in their M class series. The new models—NT 30/1 Tact Te M and NT 50/1 Tact Te M—are developed for users from the construction sector or to be used in industrial operations with large volumes of fine dust. These vacuum cleaners are fully automatic and sensor-controlled cleaning devices.

The market for the food & beverages industry is estimated to grow at the highest CAGR during the forecast period. The food & beverages industry is always in spotlight owing to the health and safety of consumers. OSHA estimates that every year foodborne illnesses cost the food industry more than USD 15.6 billion and send many Americans to the hospitals. Therefore, food processing facilities need to maintain cleanliness and hygiene in all food processing areas. Along with plant and worker safety, industrial vacuum cleaners also play a vital role in food safety. In the food & beverages industry, they are used for cleaning equipment, such as an oven that used to make the food, removing allergens from the production line, getting rid of bacteria that cause contamination issues, and cleaning places, such as air vents, that are hard to reach. These vacuums need to comply with OSHA regulations, FDA, the Food Safety Modernization Act (FSMA) and USDA.

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Europe is likely to continue to hold the largest size of the industrial vacuum cleaner market in the coming years as it is a hub for various manufacturing industries, such as automotive and aerospace.  European automobile manufacturers are highly competent in designing, developing, and manufacturing automobiles. Moreover, the food & beverages industry significantly contributes to the EU economy. With the adoption of advanced mechanized cleaning solutions, Europe captured the largest share of the market for industrial vacuum cleaners.

According to the VDMA Cleaning Systems Trade Association, in 2016, around 50 companies selling cleaning systems for industrial and commercial purposes achieved a turnover of more than USD 1.02 billion in the German market. Thus, the growth of this region is mainly driven by the high penetration rate of advanced cleaning equipment. Many small- and medium-sized companies are active in this market. Comac SpA (Italy), Nederman Holding AB (Sweden), Hako GmbH (Germany), Numatic International Ltd. (UK), Delfin Industrial Vacuums (Italy), Ruwac Industriesauger GmbH (Germany), and Kraenzle (Germany) are other European companies that are present in the industrial vacuum cleaner market.

About MarketsandMarkets™

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

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

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3D Printing Market worth $34.8 billion by 2024

According to the new research report "3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology, and Geography - Global Forecast to 2024", the overall 3D printing market is expected to grow from USD 9.9 billion in 2018 to USD 34.8 billion by 2024, at a CAGR of 23.25%. The ease in the development of customized products, reduction in manufacturing cost and process downtime, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials are the key factors driving the growth of this market.

Service offerings to gain significant share of 3D printing market by 2024

The service segment accounts for the largest share of the 3D printing market by offering. The projected growth of the market for service is attributed to the expected surge in the demand for custom design and manufacturing. The market for 3D printing has been growing at a significant rate with rapid progress in the industries such as healthcare (including medical, orthopedic, and dentistry), aerospace, and automotive as these industries have been the early adopters of the technology. However, with the advancement in the printing technology and materials, the 3D printing service sector is garnering significant traction as a source of profit generation, compared to printers and materials.

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Power bed fusion process expected to hold largest share of 3D printing market by 2024

Power bed fusion process accounts for the largest share of the 3D printing market. The ability to produce complex geometries, high-feature resolution, good strength, and decent surface finish are the major drivers for the growth of the market for powder bed fusion process. The 3D printing procedures based on the powder bed fusion process in the aerospace, automotive, healthcare, and engineering industries most commonly use technologies such as direct metal laser sintering (DMLS), electron beam melting (EBM), selective heat sintering (SHS), selective laser melting (SLM), and selective laser sintering (SLS) for the development of functional parts.

3D printing market in APAC to grow at highest CAGR during forecast period

The 3D printing market in APAC is expected to grow at the highest CAGR during the forecast period. Government initiatives, funding in research and development, and extensive industrial base are the major factors that make APAC a dynamic region for 3D printing, with Japan and China being the major contributors. The establishment of the centers for 3D printing research, training, and education and the efforts by leading players in the market, such as Stratasys Lt. (Israel), 3D Systems (US), EOS GmbH (Germany), ExOne (US), and EnvisionTEC (Germany), to expand their distribution networks to the emerging markets in the Asian countries are expected to drive the market in APAC.

Key players in the overall 3D printing market include Stratasys (US), 3D Systems (US), EOS GmbH (Germany), GE Additive (US), Materialise (Belgium), SLM Solutions (Germany), ExOne (US), Voxeljet (Germany), HP (US), and EnvisionTEC (Germany). These players are increasingly undertaking agreements, partnerships, collaborations, and product launches and developments as the key strategies to increase their market shares.

About MarketsandMarkets™

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

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

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

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Industrial Communication Market: Global Industry Analysis and Opportunity Assessment 2018-2023

The industrial communication market is expected to r grow from USD 83.2 billion in 2018 to USD 141.0 billion by 2023, at a CAGR of 11.14. High acceptance for industrial Ethernet products, such as switches, gateways, connectors, processors, and controllers, for structuring industrial networks is expected to boost the industrial communication market during the forecast period. The value proposition of industrial Ethernet aligns well with Industrie 4.0 and IIoT. As industrial devices are increasingly required to feed data to enterprise-level cloud-based applications, the end-user industries such as automotive and transportation, aerospace & defense, pharmaceuticals, and electronics are consistently raising the demand for Ethernet-enabled products in industrial networks. Thus, the growing adoption of IIoT communication is expected to drive the overall industrial communication market.

M2M technology has opened up new avenues for the industrial communication market as it enables the enterprises to improve their productivity and safety at work environment, thus allowing them to attain better efficiencies. Such benefits of M2M communications are expected to further drive the industrial communication market. Apart from these, certain regulations by various countries regarding M2M communication are also expected to fuel the growth of the market for industrial communications technologies.

The market for industrial communication-based services is expected to grow at the highest CAGR during the forecast period. The need for consulting, integrating, and support services for network management is increasing with the growing complexity of industrial communication networks. With the advancement of network and technological developments, customers and enterprises are demanding better and advanced network services.

The market for industrial controllers and processors is expected to witness significant growth during the forecast period. Controllers are widely used in the industrial communication infrastructure in both process and desecrate industries for remote communication with the field-level devices. Known to enhance control accuracy, the controllers are also increasingly used in remote fault diagnosis and software upgrades, giving end users faster fault resolution, while keeping down service costs for manufacturers.

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APAC is the fastest-growing region for the industrial communication market due to the technological innovation in the automation sector in this region. The increased number of automation activities in process and discrete industries is one of the major factors driving the growth of the industrial communication market in APAC. In addition, growing manufacturing sector in countries such as China, Japan, and South Korea is expected to contribute to the growth of the industrial communication market in this region during the forecast period. Market players in APAC are adopting product launch and geographic expansion as key strategies to capitalize on the market growth.  For improving productivity, the manufacturing sector is capitalizing on automation and IT. Improvement in processes and increased efficiency are encouraging companies to implement automation in manufacturing industries, mainly, to meet the rapidly varying demands of their customers.

About MarketsandMarkets™

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

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

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

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Power Bank Market Size & Share | Industry Analysis Report, 2018-2022

Power bank refers to a portable charger that supplies power using an in-built battery to charge various portable electronic devices. These batteries can be manufactured using Li-ion or Li-polymer. Power banks use electric power grids or solar energy to charge these devices. The electronic devices that can be charged using power banks include smartphones, tablets, digital cameras, portable media devices, and laptops. The power bank market is expected to be valued at USD 25.16 billion by 2022, growing at a CAGR of 21.2% between 2017 and 2022. The factors driving the growth of the market include the increasing usage of smartphones and tablets, decline in the prices of power banks, advancements in technology, and electric outage in certain countries.

Beijing Xiaomi Technology Co., Ltd. (China), Lenovo Group Ltd. (China), Microsoft Corp. (US), Panasonic Corp. (Japan), and Sony Corp. (Japan) are some of the leading players in the power bank market.  New product launches have emerged as the key strategy adopted by the major players to gain a competitive edge in the market.

Microsoft Corp. is one of the leading players in the power bank market. The company invests heavily in R&D, which enables it to launch advanced products in the market. It focuses on the market in the US to generate revenue. After the acquisition of Nokia Corporation (Finland), the company launched its first power bank DC-21 in October 2014, under the brand name Microsoft. The developing countries offer vast opportunities for the company to grow and expand its geographical reach. This would eventually help the company increase its market presence.

Sony Corp. is one of the well-known companies for portable chargers. The company has strong geographical presence and has ~70% of its business outside Japan; this helps it in generating more revenue from across the world. The company’s power banks are widely used for smartphones, digital cameras, media players, tablets, and camcorders. Sony invests heavily in R&D to design products and explore new opportunities in the market, which is driving its growth and profitability. For instance, in September 2016, Sony launched the CP-SC10 portable charger. It features 2 USB Type-C ports, which enable the device to charge at a faster rate. This power bank incorporates the company’s proprietary hybrid-gel technology that retains ~90% of the battery power after a usage of up to 1,000 times.

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The other companies operating in the power bank market include ADATA Technology Co., Ltd. (Taiwan); AsusTek Computer Inc. (Taiwan); Ambrane India Pvt. Ltd. (India); Anker Technology Co., Ltd. (US); Intex Technologies (India); OnePlus Technology (Shenzhen) Co., Ltd. (China); and uNu Electronics Inc. (US) Ltd. (India).

About MarketsandMarkets™

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

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

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

Contact:

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MarketsandMarkets™ INC.

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Smart manufacturing application expected to drive the fog computing market between 2017 and 2022

Today, most of the organizations have adopted the converged infrastructure in data centers and distributed cloud computing. However, with the growth of Internet of Things (IoT), the requirement for communication between end devices is also expected to grow exponentially However, the existing infrastructure is not capable of satisfying such a massive demand for analyzing streams in real time and deriving insights from the sensor data because of its low bandwidth and high latency. Fog computing architecture helps by bringing the cloud closer to the edge of the network. The fog nodes in the this architecture are capable of receiving, processing, and storing data from sensor inputs at the edge of the network, reducing the real-time information traffic toward the cloud, and acting as a hedge against bandwidth limitations and low latency issues related to information exchange between ground infrastructure and cloud. The fog computing market size is expected to grow from USD 22.28 million in 2017 to USD 203.48 million by 2022, at a CAGR of 55.6% between 2017 and 2022.  

The smart manufacturing application held the largest share of the fog computing market during the forecast period. Industrial IoT is changing the game for manufacturers by enabling new revenue opportunities, increasing operational capabilities, and allowing interoperability with other connected consumer products. The smart energy application is expected to drive the fog computing market during the forecast period. The emergence of wireless connectivity technologies such as Bluetooth, Wi-Fi, ZigBee, and mobile Internet among others has led to the increased deployment of automation & controls in the market, especially in the manufacturing and energy sector where fog would help in reducing operational loss and preventing accidents by continuously monitoring and taking real-time actions whenever required.

Several market leaders in IoT and cloud across the globe are coming together through OpenFog Consortium for the development of standards and architecture for fog. Developed nations are undertaking initiatives for research in IoT and encouraging active participation from the industry experts. This creates the need for faster development of fog computing to counter the problems created by the huge amount of data generated by IoT-enabled devices.

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The fog computing market in the Americas is expected to grow at the highest rate during the forecast period. The commercialization of the applications of fog is expected to be in the introductory stages by 2017 in the developed and few developing economies of the APAC and RoW regions. Initially, applications such as smart manufacturing, smart energy, connected health, and transportation & logistics are expected to implement fog computing, followed by other applications such as security & emergencies, smart retail, and smart environment.

About MarketsandMarkets™

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

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

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

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

High Density Interconnect Market Size | Industry Report, 2019-2023

The high density interconnect  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 growing demand for smart consumer electronics and wearable devices and increasing adoption of advanced electronics and safety measures in the automotive vertical.

HDI PCBs capitalize on the latest technologies available to increase the functionality of PCBs using the same or less amount of area. HDI PCBs possess technical characteristics of extremely high density routing interconnections that make the high density of components possible. HDI PCBs are a perfect solution for shrinking the footprint of electronics technology, comprising the core components of consumer electronic devices such as laptop computers, tablets, smartphones, and even wearable technology such as fitness bands and virtual reality devices.

The HDI market for 10+ Layers HDI is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to 10+ Layers HDIs being used in a wide range of devices, such as high-reliability automotive products, high-density mobile devices, and IoT modules. 10+ layers HDI offer benefits such as small size, lightweight construction, and enhanced flexibility.

The HDI market for the medical end-user segment is expected to grow at the highest CAGR during the forecast period. The range of HDI PCB applications in the medical industry is vast and ever-growing. HDI PCBs can be found in pacemakers, defibrillators and heart monitors, medical imaging systems, MRIs, CT scans, and ultrasonic equipment among others. HDI PCBs are also used in medical devices like body temperature monitors, blood glucose monitors, and electrical muscle stimulation equipment.

The market for wearable devices is expected to grow at the highest CAGR during the forecast period. HDI PCBs possess technical characteristics of extremely high-density routing interconnections and make the high density of components possible. These attributes contribute to the high-performance and lightweight of HDI boards that make them ideal for powering wearable devices.

The HDI market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing application of HDI in consumer electronics, automotive, and healthcare verticals in countries such as China, India, and South Korea. It is also due to the extension of telecommunications networks in China, Thailand, Malaysia, South Korea, India, and other developing countries in APAC.

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Opportunities for the growth of the market include rising demand for connected devices and the evolution of 5G technology. Many of the connected devices require PCBs that are small enough to fit into constricted spaces without compromising on performance. HDI PCB technology can ensure that the circuit boards powering IoT devices are sufficiently small and high-performance. HDI is rapidly emerging as a promising technology for designing advanced 5G devices since HDI PCBs support high-density attributes, and they allow buried routing within multi-layered highly-interconnected structures.

About MarketsandMarkets™

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

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

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

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Virtual Reality Market Size | Industry Report, 2019-2024

The virtual reality (VR) market is expected to grow from USD 7.9 billion in 2018 to USD 44.7 billion by 2024, at a CAGR of 33.47% during the forecast period. The penetration of HMDs in the gaming and entertainment sector, huge investments in the VR market, advancement of technology and growing digitization, and availability of affordable VR devices are the major factors fueling the growth of the overall market.

The use of OLED micro displays will be a new advancement in the next few years in the VR market. Commercially available VR headsets use smartphone displays. These allow a large field of view through the use of simple optics. The major disadvantage of using these displays is in their pixelated image representation, courtesy to its insufficient pixel density and limited resolution. Hence, the use of OLED microdisplays can be of great advantage with diagonals of about 1 inch or higher and HD resolution. This helps in providing considerably improved image quality. Also, the fast display backplane provides high imaging refresh rates of up to 120 fps with minimal latency.

The virtual reality software market is expected to lead by 2024. The enterprise sector in the virtual reality software market would grow with the highest rate courtesy to its use in industrial setups for prototype creation. This would boost the VR market for enterprise applications. Content creation can transform the way VR is used in many applications such as product designing, car manufacturing, and interior designing.

Gesture-tracking devices would be growing at the highest CAGR in the virtual reality market. The gesture-tracking devices can be used prominently for medical training and simulation, and also in therapy. Gesture-tracking devices are usually combined with head-mounted displays and other fully immersive devices for active interaction with the virtual environment.

Virtual reality is used in enterprise applications mainly for the training of personnel, providing information about the industrial facility, remodeling and redesigning, and industrial simulations. Traditionally, training was conducted using classroom methods; however, the introduction of virtual reality has added a new dimension to the training methodology. Using virtual reality, a high level of immersion can be achieved that can help a trainee understand things in a better way.

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APAC is expected to lead the VR market by 2024 due to the high demand for VR devices in the region and also due to the emergence of local manufacturers in China providing VR devices at low cost. Owing to the presence of a number of display panel manufacturers in the region, APAC witnesses an increasing adoption of latest technologies. Consumer electronics, retail, BFSI, healthcare, transportation, and sports and entertainment industries are expected to contribute substantially to the growth of the VR market in APAC. These industries offer huge potential for the VR market because of the increasing awareness among consumers and the rising adoption of new technologies in various industries, especially in countries such as China, India, and South Korea.

The penetration of HMDs in healthcare and architectural applications offers growth opportunities for the VR market players. With advanced interfaces, such as HMDs, medical professionals can easily perform surgeries and also provide post-operative care through VR simulation. HMD can thus make the medical sector more proactive in treating patients. This technology is rapidly gaining importance among medical professionals and is expected to play an important role in assisting doctors and surgeons in the near future. The VR platform provides a riveting view of the building design and an interactive, navigable, and immersive experience so that the client and architect can understand the structure and make suitable modifications prior to the construction.

About MarketsandMarkets™

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

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

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

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

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Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

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Sputter Coater Market worth 804.2 Million USD by 2022

The report "Sputter Coater Market by Substrate Type (Metal, Glass, Semiconductor), Target Type (Metal, Compound), End-Use Industry (Automotive, Electronics & Semiconductor, Institutes), and Region (North America, EU, APAC, South America, MEA) - Global Forecast to 2022", The sputter coater market is projected to grow from USD 595.8 Million in 2017 to USD 804.2 Million by 2022, at a CAGR of 6.2% between 2017 and 2022. The sputter coater market is driven by the rising demand for sputter coater for use in applications, such as electronics & semiconductor, automotive, research and development institutes, and medical.

Semiconductor substrate type sputter coaters were the largest type of sputter coaters

Semiconductor substrate type sputter coaters were the largest type of sputter coaters in 2016. The rising demand for semiconductors for use in several applications, such as communication devices, automotive devices, consumer electronics, and industrial electronics is driving the use of sputter coaters in semiconductor fabrication. APAC and North America are the major regions developing semiconductors. Hence, these regions witness a high demand for sputter coaters from semiconductor manufacturers.

Metal target type sputter coaters were the largest type of sputter coaters

Metal target type sputter coaters were the largest type of sputter coaters in 2016. Metal targets are mostly used as fundamental coating materials for sputtering, as they are considered pure materials. Some of the common metal targets used in sputter coaters are gold, silver, palladium, aluminum, and copper. Sputter coaters having metal targets are used in a wide range of applications, such as electron microscopy, semiconductors, optical communications devices, flat panel displays, and magnetic and memory elements.

Electronics & semiconductor is expected to be the fastest-growing end-use industry for sputter coaters.

Electronics & semiconductor is expected to be the fastest-growing end-use industry for sputter coaters during the forecast period. Sputter coaters are used in the manufacturing of electronics & semiconductor devices for the development of thin metal film layer on electronic components or semiconductor wafers.

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Asia Pacific accounted for the largest share of the global sputter coater market.

Asia Pacific was the largest market for sputter coaters in 2016. The increase in the electronic & semiconductor device manufacturing is expected to drive the market demand for sputter coaters used in the electronics & semiconductor industry in APAC. China is estimated to be the major market for sputter coaters in Asia Pacific. Japan and South Korea are other major countries contributing to the growth of the sputter coater market in the region. The increasing demand for sputter coaters from end-use industries, such as electronics, automotive, and medical is expected to drive the sputter coater market in these countries.

Key companies profiled in the sputter coater market research report are ULVAC (Japan), Quorum Technologies (UK), Bühler (Switzerland), Cressington Scientific Instruments (UK), Hitachi High-Technologies Corporation (Japan), Oxford Instruments (UK), Semicore Equipment (US), PLASSYS Bestek (France), PVD Products (US), and Denton Vacuum (US).

About MarketsandMarkets™

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

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

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

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

Printed Electronics Market Technology (Inkjet, Screen, Gravure, and Flexographic) Size, Growth, Forecast 2023

The overall printed electronics market is estimated to reach USD 13.6 billion by 2023 from USD 6.8 billion in 2018, at a CAGR of 14.92% during 2018–2023. Major drivers for market growth are the rise in applications of printed electronics in IOT; significant cost advantages provided by printed electronics; and high demand for thin, robust, and flexible substrates for producing secure and cost-effective printed electronics.

Market for inkjet printing expected to grow at highest CAGR during forecast period

Inkjet printing is a contactless printing process used in applications requiring uniform thickness. Unlike screen printing, inkjet printing is used in emerging applications such as textile and industrial. Inkjet printing is also gaining high traction in commercialized applications, such as sensors, OLEDs, and PVs owing to its ability to digitally control the ejection of ink droplets of defined volume and precisely position them onto a substrate.

Printed displays expected to hold largest share of printed electronics market during forecast period

Printed displays are mainly used in consumer electronic products such as wearables and mobile devices. Increasing proliferation of lightweight, innovative, and flexible displays in consumer electronic devices is fueling the demand for printed displays. Rising demand for connected and IoT devices in the consumer electronics industry is also propelling the growth of the printed display market.

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The market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is a hub for various manufacturers of electronic devices and components. The growth can be attributed to the huge production of electronic components, increased investments in R&D in the region, and rapid economic growth in major countries in this region. Moreover, factors such as technological improvements, increased awareness regarding the benefits of printed electronics, and its ability to lower the production cost are also contributing to the growth of the printed electronics market.

Key Market Players

Key players in the printed electronics market include Samsung (South Korea), LG (South Korea), DuPont (US), BASF (Germany), Agfa-Gevaert (Belgium), Air Products and Chemicals (US), Nissha USA (US), NovaCentrix (US), Molex (US), E Ink Holdings (US), Ynvisible Interactive (Portugal), and Palo Alto Research Center (PARC) (US).

Samsung offers advanced solutions for displays and is one of the leading technology companies in consumer electronics and semiconductor products. The company is focused on collaborating with customers and establishing a close network with partners. As a result, the company has significantly gained traction in the printed displays market across geographies such as Asia, Europe, and the Americas. Samsung strategically works toward improving the ecosystem to accelerate the development of printed displays. The company works closely with material suppliers to ensure manufacturing of high-quality products and uninterrupted supply from the supply side.

About MarketsandMarkets™

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

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

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

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com