Laser Technology Market worth $16.9 billion by 2024

The report "Laser Technology Market by Type (Carbon Dioxide Laser, Fiber Laser, and Solid State Laser), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography – Global Forecast to 2024" According to the new research report, the overall laser technology market is expected to grow from USD 12.9 billion in 2018 to USD 16.9 billion by 2024, at a CAGR of 4.65%. Huge demand from the healthcare vertical, enhanced performance over traditional material processing techniques, and shift toward production of nano and micro devices are the key factors driving the growth of this market.

CO2 laser type expected to gain significant share of laser technology market by 2023

CO2 laser type accounts for the largest share of the laser technology market. The leading position, in terms of market size, of CO2 laser can be attributed to its considerably compact sized for a sealed laser, suitability for a wide range of wavelengths, and utility in laser cutting, welding, structuring, perforating, drilling, and laser marking applications. A CO2 laser is a continuous wave laser of high power, which has a wide range of commercial, industrial, and military applications.

Laser technology market for “others” end-user category to grow at highest CAGR from 2018 to 2024

The market for the “others” end-user category is expected to grow at the highest CAGR from 2018 to 2024. Oil & gas, iron & steel, tobacco, glass, wood, retail, and plastic end-user verticals are expected to contribute to the growth of the market for “others” end-user category. In the retail segment, laser technology is used for applications such as barcode scanning, barcode marking, advertising, and security systems; in the glass segment, laser technology prevents the risk of breakage and micro-cracks during production.

Laser technology market in APAC to grow at highest CAGR during forecast period

The laser technology market in APAC is expected to grow at the highest CAGR during the forecast period. Continuous demand for cost-effective and fast processing laser machine tools from semiconductor, automotive, industrial, and telecommunications verticals are expected to drive the growth of the laser technology market in APAC. APAC has been ahead in terms of adoption of laser technology products and solutions compared to other regions. The region’s huge population, increasing R&D investments, and growing manufacturing and electronics sectors are expected to drive the growth of the laser technology market.

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Key players in the market include Coherent (US), IPG Photonics (US), Trumpf (Germany), Lumentum (US), Jenoptik (US), Novanta (US), Lumibird (France), LaserStar (US), Epilog Laser (US), and MKS Instruments (US). These players are increasingly undertaking product launches and mergers and acquisitions to increase their market shares.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 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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Video Surveillance as a Service Market worth 5.93 Billion USD by 2022

According to the new market research report "Video Surveillance as a Service Market by Type (Hosted, Managed, Hybrid), Vertical (Commercial, Infrastructure, Military & Defense, Residential, Institutional, Industrial), and Geography - Global Forecast to 2022", The Video Surveillance as a Service Market (VSaaS) market is expected to be valued at USD 5.93 Billion by 2022, at a CAGR of 22.0% between 2017 and 2022.

The factors driving the growth of the market include increasing demand for real-time and remote access for video surveillance data, low initial investment required to avail VSaaS services, and flexible scalability offered by VSaaS.

Hybrid VSaaS market expected to witness the highest growth rate during the forecast period

Hybrid VSaaS offers enhanced security for surveillance data by storing at customers’ end as well as in the cloud at the service provider’s end. Apart from data security, hybrid VsaaS offers real-time data access, remote surveillance, flexible scalability in data storage, ease of adding new cameras, and so on, which helps hybrid VSaaS to become more common among end users such as banks and financial institutes, retail stores, enterprises, among others, who demand more data security.

Commercial vertical is expected to hold a major share of the Video Surveillance as a Service market during the forecast period

End users such as enterprises, retail stores, warehouses, banks and financial institutes, and so on use VSaaS for enhancing security, monitoring staff, detecting misconducts, and so on. Increasing retail stores, manufacturing sites, business offices creates significant opportunities for VSaaS providers. Moreover, using VSaaS for remote monitoring of businesses having multiple sites at different locations such as retail chains, manufacturing sites, among others, is easy which makes VSaaS popular in small businesses.

APAC is expected to dominate the Video Surveillance as a Service market between 2017 and 2022

Increasing retail stores, infrastructural projects, manufacturing sites, increasing terror threats in educational, government and religious buildings, and governments’ initiatives to enhance public safety are some of the factors driving the VSaaS market in the APAC region. Moreover, presence of several system providers and availability of low cost systems, and increasing adoption of consumer devices such as mobiles, tablets, and laptops are some of the important parameters which spur the growth of the VSaaS market in APAC.

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Major players in the Video Surveillance as a Service market include Axis Communications AB (Sweden), Honeywell International Inc. (US), Genetec Inc. (Canada), Brivo (US), Cameramanager (Netherlands), ADT Security Services (US), Cloudastructure Inc. (US), Duranc (US), Ivideon (US), NeoVSP (Israel), Nest Labs, Inc. (US), Pacific Controls (UAE), and Smartvue Corporation (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.

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Interactive Whiteboard Market worth 5.16 Billion USD by 2023

According to the new market research report "Interactive Whiteboard Market by Screen Size (Up to 69", 70"-90", Above 90"), Technology (Infrared, Resistive, Capacitive, Electromagnetic), End User (Education, Corporate, and Government), and Geography - Global Forecast to 2023", The interactive whiteboard (IWB) market is estimated to grow from USD 4.31 Billion in 2018 to USD 5.16 Billion by 2023, at a CAGR of 3.69% between 2018 and 2023. The trend of gamification in education and corporate sectors, adoption of e-learning and digital classroom solutions, and increased funding from different governments to incorporate IWBs for various end users are the major driving factors for market growth.

Interactive whiteboards having a screen size between 70” and 90” is expected to hold a larger share of the interactive whiteboard market by 2023

IWBs with a display screen size ranging from 70–90” are expected to lead the IWB market, in terms of size, between 2018 and 2023. The demand for IWBs with a display screen size ranging from 70” to 90” is largely driven by educational institutes and government and corporate offices wherein they are essentially used to conduct training sessions and business meetings. Classroom teaching usually involves a group of students (an average of 30 students in a class), and IWBs with a screen size of 70–90” are found to be the most suitable to make the content (notes from the teacher or content from a textbook) visible to the entire class.

Infrared technology is expected to hold the largest share of the interactive whiteboard market by 2023

IWBs based on infrared technology are durable and easier to operate compared to capacitive or resistive technologies. Another major driver for the growing adoption of infrared technology is the widespread use of Digital Vision Touch (DViT) technology. DViT technology uses infrared technology as a base and adds multi-touch features to IWBs. Infrared IWBs are mainly installed in classrooms, corporate boardrooms, and training or activity rooms in organizations.

Education sector is expected to hold the largest share of the interactive whiteboard market by 2023

The increasing demand for e-learning and interactive learning solutions is a major factor driving the growth of the IWB market globally. Hence, governments across regions are increasingly funding interactive learning models for schools to promote the interactive learning method. Also, the frequent adoption of new technologies in designing IWBs and introduction of e-learning solutions are other major factors driving the demand for interactive whiteboards in the education sector.

APAC expected to hold the largest share of the interactive whiteboard market by 2023

APAC is expected to be the fastest-growing market for interactive whiteboards during the forecast period. The interactive whiteboard market has enormous growth potential in APAC, and this product is likely to be accepted by consumers as an integral part of a digitalized classroom. The high growth can be attributed to the increased investments by the government in the education sector and the presence of some key manufacturers such as Samsung, LG Display, Sharp Corporation, and Panasonic in the APAC region.

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Some major companies in the IWB market include Foxconn (Taiwan), Hitachi (Japan), Samsung Display (South Korea), LG Display (South Korea), Panasonic (Japan), NEC (Japan), Ricoh (Japan), Google (US), Cisco (US), Microsoft (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:

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Industry 4.0 Market worth $156.6 billion by 2024

According to latest market research report "Industry 4.0 Market by Technology (IoT, Artificial Intelligence, Industrial Metrology, Industrial Robotics, AR & VR, Blockchain, 3D Printing, Digital Twin, and 5G – Offering, Application, and End Users) and Geography- Global Forecast to 2024", is estimated to be valued USD 71.7 billion in 2019 and is expected to reach USD 156.6 billion by 2024, at a CAGR of 16.9% from 2019 to 2024.

Increasing adoption of the industrial internet worldwide in manufacturing units and growing focus on enhanced efficiency of machinery and systems and reduced production costs play a significant role in the growth of the market worldwide. Also, the growing demand for industrial robotics is expected to fuel the growth of the Industry 4.0 market

5G Market is expected to commercialize in late 2019 and is expected to grow at highest CAGR during forecasted period.

The speed and reliability of 5G are expected to have a massive impact on M2M and IoT. Key reasons for the increased adoption of new M2M technologies are better connectivity for smooth communication and low power requirement. To achieve effective machine-to-machine communication, the existing capacity of mobile networks must be able to handle billions of nodes that are expected to ascend in the next couple of years. Currently, the network capacity is inefficient to handle M2M and human-based communications, as well as their different communication patterns such as latency time.

IoT is expected to hold largest market share of industry 4.0 market during forecasted period

Internet of Things (IoT) in the industrial sector, has given rise to a new concept known as the Industrial Internet of Things (IIoT), also known as Industrial Internet or Industry 4.0. IoT in the industrial sector brings together advancements of two transformative revolutions, namely, the countless machines, facilities, fleets, and networks that emerged from the industrial revolution and the more recent powerful advancements in computing, information, and communication systems brought about by the internet revolution.

APAC is expected to hold largest market share of Industry 4.0 market during forecasted period

An increase in the adoption of robotics in countries such as China, Japan, and South Korea is among the major factors leading to the growth of the Industry 4.0 market in APAC. Also, low production cost in APAC countries enables manufacturers to set up manufacturing facilities in this region. APAC is projected to grow at the fastest rate, considering continuous technological advancements and financial support from the governments in the region, as well as extensive industrial base, with Japan and China being the major contributors. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing companies.

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The major players in the Industry 4.0 market are ABB (Switzerland), Mitsubishi (Japan), Yaskawa (Japan), KUKA (Germany), FANUC (Japan), General Electric (US), IBM (US), Cisco (US), Microsoft (US), Stratasys (US), Google (US), Intel (US), HP (US), Siemens (Germany), Ansys (US), AIBrain (US), SAP (US), Amazon Web Services (US), and General Vision (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:

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MarketsandMarkets™ INC.

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Precision Aquaculture Market worth $764 million by 2024

According to latest market research report "Precision Aquaculture Market by System Type (Smart Feeding Systems, Monitoring & Control Systems, Underwater ROVS), Application (Feeding Management, Monitoring); Offering (Hardware, Software, Services), and Geography - Global Forecast to 2024", the precision aquaculture market is estimated to be worth USD 398 million in 2019 and is projected to reach USD 764 million by 2024; it is expected to grow at a CAGR of 14.0% from 2019 to 2024.

The rapid growth of the precision aquaculture market can be attributed to the rising demand for protein rich aqua food across the world, rapid adoption of advanced technologies–IoT, artificial intelligence (AI), feeding robots, and underwater remotely operated vehicles (ROVs) on aquaculture farms; increasing investment and rising R&D expenditure in aquaculture technology across the world; and growing popularity of land-based recirculating aquaculture systems.

Smart feeding systems expected to hold largest market share during forecast period

Smart feeding systems held the largest market size owing to substantial operating cost savings associated with them. Smart feeding systems offer a substantial cost advantage over traditional and conventional feeding techniques. The smart feeding system with the combination of water vibration-based sensor, and machine learning; detects and determines the appetite of the fish to avoid overfeeding or underfeeding and saves a substantial amount of operating cost. The growing use of computerized feeding management systems combined with sensors and other aquaculture monitoring devices integrated with automated feeding systems opens new opportunities for the monitoring of fish ponds and aquaculture farms.

Monitoring, control, and surveillance application accounted for largest share of precision aquaculture market in 2019

Major factors contributing to the growth of the monitoring, control, and surveillance application includes the increasing adoption of automated aquaculture farm monitoring devices–IoT, underwater remotely operated vehicles, and smart camera systems; the focus of aquaculture farmers toward increasing the yield, and growing demand for protein rich aqua products worldwide. The automation of aquaculture farms reduces labor costs, increases operational efficiency, and leads to higher farm yields. The IoT-based monitoring of aquaculture farms has gained tremendous popularity in recent years due to various advantages, which include increased productivity, the early detection of diseases among aquatic species, and maintaining the water quality of fish pond, and aquaculture farms.

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APAC to account for largest market share from 2019 to 2024.

APAC is expected to hold the largest market size from 2019 to 2024 owing to the widespread automation of livestock farms in Western Europe. Increasing herd size, rising labor costs due to a severe shortage of labor force are the major factors for the high adoption of livestock technology in this region. The growing replacement of older milking systems with advanced and sophisticated ones in the European countries is further expected to boost the growth of the market in this region.

The report profiles key players, including AKVA Group (Norway), InnovaSea Systems (US), Deep Trekker (Canada), Eruvaka Technology (India), Steinsvik (Norway), Pentair AES (US), Aquabyte (US), Akuakare (Turkey), CPI Equipment (Canada), Lifegard Aquatics (US), Imenco AS (Norway), In-Situ (US), Vemco (US), Observe Technology, JALA Tech (Indonesia), MonitorFish (Germany), Imenco Aquaculture (Norway), Omso Systems (US), and Aqualine AS (Norway)

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

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USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Printed Electronics Market worth $19.8 billion by 2024

According to latest market research report "Printed Electronics Market by Printing Technology (Screen, Inkjet, Gravure, Flexographic), Application (Displays, Sensors, Batteries, RFID, Lighting), Material (Inks, Substrates), End-Use Industry, and Geography - Global Forecast to 2024", The printed electronics market is projected to grow from USD 9.8 billion in 2019 to USD 19.8 billion by 2024; it is expected to grow at a CAGR of 15.1% during the forecast period. The growth of the market is mainly driven by the increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics.

The inkjet printing technology segment of the printed electronics market is projected to grow at the highest CAGR during the forecast period.

Inkjet printing is a contactless printing process, which is suitable for applications requiring a uniform thickness of printed lines. Unlike screen printing, inkjet printing is used in emerging textile and industrial applications, among others. It can digitally control the ejection of ink droplets of defined volume, and precisely position them onto substrates.

The displays application segment is expected to account for the largest size of the printed electronics market from 2019 to 2024.

Printed displays are mainly used in consumer electronics such as wearables and mobile devices. Increased demand for energy-efficient, thin, and flexible consumer electronic products is fueling the demand for printed displays globally. Leading manufacturers have introduced thin, flexible, and energy-efficient displays developed using the organic light-emitting diodes (OLED) technology in the market. OLED technology is one of the major applications of printed electronics and is being used in high-end smartphones.

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The aerospace & defense end-use industry segment of the printed electronics market is projected to grow at the highest CAGR during the forecast period.

The aerospace & defense segment of the printed electronics market is projected to grow at the highest CAGR during the forecast period owing to the increasing use of printing electronics-based lighting in automobiles and home appliances. Printed electronics are largely being adopted in the aerospace & defense industry owing to their lightweight, less complexity, and high reliability, which ultimately results in their low maintenance requirements.

The printed electronics market in APAC is projected to grow at the highest CAGR from 2019 to 2024.

Countries such as China, Japan, South Korea, and Australia are major contributors to the growth of the printed electronics market in APAC. Factors such as the acceptance of innovative technologies and the increased popularity of advanced consumer electronics are driving the growth of the printed electronics market in APAC. The region is a manufacturing hub for electronic devices and components. The growth of the printed electronics market in APAC can be attributed to the large-scale production of electronic components and increased investments in R&D activities related to printed electronics in the region.

Key players in the printed electronics market include Samsung Electronics Co., Ltd. (Samsung) (South Korea), LG Electronics Inc. (LG) (South Korea), Palo Alto Research Center Incorporated (PARC) (US), Agfa-Gevaert Group (Agfa-Gevaert) (Belgium), Molex LLC (Molex) (US), Nissha Co., Ltd. (Nissha USA) (US), DuPont de Nemours, Inc. (DuPont) (US), BASF SE (BASF) (Germany), NCC Nano, LLC (NovaCentrix) (US), E Ink Holdings (US), and Ynvisible Interactive Inc. (Ynvisible Interactive) (Portugal).

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