Ultrasonic Cleaning Market Size, Share, and Industry Analysis and Market Forecast to 2024

The ultrasonic cleaning market size is expected to grow from USD 1.6 billion in 2019 to USD 2.2 billion by 2024, at a CAGR of 6.5% during the forecast period. Improving efficiency and safety in cleaning operations of components and eco-friendly cleaning process with biodegradable waste discharge are the key factors driving the growth of the ultrasonic cleaning market.

The ultrasonic cleaning market is highly competitive, owing to the presence of a large number of regional and global players. Key players are focusing on enhancing their product portfolios and increasing their market share through strategies such as product launches, partnerships, agreement, and collaborations. Many market players adopted product launches as a key business strategy.

Branson Ultrasonics Corporation offers a wide range of ultrasonic cleaning instruments worldwide. The company views the US and China as potential markets for expansion and from the end-user perspective. It has adopted various organic growth strategies, such as product launches in the ultrasonic cleaning market. The company, in 2017, launched new ultrasonic cleaners which can be suitable for industries, such as food and beverage, automotive, and pharmaceuticals. This would enhance the company’s offering in the industrial application segment. Branson currently focuses on premium or high-end products which are well-suited for developed markets; however, to penetrate and establish the company in emerging markets, Branson Ultrasonics should focus on mid-range or value for money products.

Cleaning Technologies Group (CTG) is one of the leading providers of industrial and precision cleaning technologies. The company’s diversified product offerings serve verticals, such as medical, semiconductor, electronics, aerospace, and automotive. Furthermore, the company is developing innovative techniques that will lead to waste reduction by enabling the recycle and re-use of cleaning liquids. The geographic presence of the company through its business division CTG (Asia) provides unique business opportunities for greater market coverage in emerging economies, such as China and India.

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Telsonic AG Group is one of the leading manufacturers of indoor and outdoor cleaning equipment. The company has developed expertise in designing and manufacturing innovative ultrasonic cleaning equipment with patented technology with a vast experience of more than 50 years. Along with the industrial ultrasonic cleaners, the company provides comprehensive after-sales services to its clients. As of 2018, the company had 250 employees.

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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Articulated Robot Market Research Report | Size, Share, System and Industry Analysis and Market Forecast to 2023

The articulated robot market (excluding the prices of peripherals, software, and system engineering) was valued at USD 9.36 billion in 2017 and is expected to reach USD 23.51 billion by 2023, at a CAGR of 16.58% during the forecast period. The articulated robot market (including the prices of peripherals, software, and system engineering) was valued at USD 20.83 billion in 2017 and is expected to reach USD 52.29 billion by 2023, at a CAGR of 16.58%. In terms of volume, the articulated robot market registered a shipment of 208,080 units in 2017 and is expected to reach 548,566 units by 2023, at a CAGR of 17.49% between 2018 and 2023. Increasing investments for automation in industries and growing demand from SMEs in developing countries are some of the key factors driving the growth of the articulated robot market.

Articulated robots refer to industrial robots that are automatically controlled, reprogrammable, and multipurpose manipulator (robotic arm) and can be adopted for industrial automation applications. This research study considers articulated robots with a degree of freedom (DOF) or axes more than 3

Articulated robots with a payload capacity of up to 16.00 kg to hold largest share of articulated robot market   in 2018

Owing to a wide variety of applications such as arc welding and spot welding in the automotive industry, articulated robots with payload carrying capacity of up to 16.00 kg are expected to hold the largest share of the articulated robot market in 2018. However, the growing demand for electric vehicles worldwide is the key factor driving the growth of the market for articulated robots with payload carrying capacity of 16.01–60.00 kg.

Handling function to hold the largest share of articulated robot market in 2018

Owing to the high rate of adoption of articulated robots in the automotive industry for handling heavy automotive parts and in the metal and machinery industry for handling heavy metal sheets and components, the handling function is expected to hold the largest share of the articulated robot market in 2018. The growing adoption of articulated robots in the food & beverages, plastics, rubber, and chemical industries for automatization of the processing task is the key factor expected to propel the growth of the articulated robot market for processing function during the forecast period.

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APAC to account for the largest market size during the forecast period

APAC is expected to dominate the articulated robot market during the forecast period. The key driver for this market is the low cost of labor and low cost of production, which encourages various manufacturers to set up their manufacturing units in APAC, especially in countries such as China, South Korea, and India. Also, automating the manufacturing plant capabilities is another key trend adopted by manufacturers, which has increased the demand for articulated robots in APAC. The value chain pertaining to the articulated robot market comprises phases such as planning and revising fund, R&D, manufacturing, assembly, distribution, and after-sales services.

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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FPGA Market worth $8.6 billion by 2025

According to a recently published research report, the "FPGA Market by Configuration (Low-End FPGA, Mid-Range FPGA, High-End FPGA), Technology (SRAM, Flash, Antifuse), Node Size (Less than 28 nm, 28-90 nm, More than 90 nm), Vertical (Telecommunications, Automotive), and Region - Global Forecast to 2025" size is projected to grow from USD 5.9 billion in 2020 to USD 8.6 billion by 2025; it is expected to grow at a CAGR of 7.6% from 2020 to 2025. Key factors fueling the growth of this market include the increase in the global adoption of AI and IoT, ease of programming & faster time-to-market of FPGA than ASIC, and incorporation of FPGA in ADAS.

“The flash-based FPGA segment projected to grow at the highest CAGR during the forecast period.”

The flash segment of the FPGA market is projected to grow at the highest CAGR during the forecast period. The key factor contributing to the growth of this segment is the nonvolatility and the low power consumption of flash-based FPGA. Moreover, these FPGAs offer resistance to radiation and eliminate the requirement of any external memory. Flash-based FPGA can also be programmed.

“Telecommunication vertical segment to lead the FPGA market in 2019.”

The telecommunications vertical held the largest share of the FPGA industry in 2019. The growth of this segment can be attributed to the increasing number of mobile Internet users across the world. FPGAs are suitable for the telecommunications vertical as they can be deployed for radio transmission, baseband, optical transport network (OTN), network processing, and 3G, 4G, and 5G network infrastructure applications. Moreover, FPGAs enable software and hardware acceleration, parallel processing, and reprogrammability features. As such, they are suitable for 5G network infrastructures.

“The FPGA market in Asia Pacific (APAC) projected to grow at the highest CAGR during the forecast period.”

In 2019, APAC held the largest share of the global FPGA industry. The market in APAC is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased adoption of IoT and machine-to-machine (M2M) communication in the industrial and automotive sectors. FPGAs offer parallel processing and reprogrammability features, which make them suitable for these applications. APAC houses some of the major semiconductor foundries such as Taiwan Semiconductor Manufacturing Company (TSMC) (Taiwan), United Microelectronics Corporation (UMC) (Taiwan), and Samsung Foundries (South Korea), which drive the growth of the FPGA market in the region. Moreover, the increasing number of smartphone users in countries such as China and India is expected to drive the growth of the FPGA industry in APAC during the forecast period.

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Key players in the FPGA market include companies operating at different stages of the value chain. These companies include Xilinx, Inc. (US); Intel Corporation (US), Microchip  Technology Inc. (US); Lattice Semiconductor Corporation (US); QuickLogic Corporation (US); Efinix, Inc. (US); Flex Logic Technologies, Inc. (US); GOWIN Semiconductor Corp. (China); Achronix Semiconductor Corporation (US); S2C, Inc. (US); Leaflabs, LLC (US); Adlec, Inc. (US); BitSim AB (Sweden); ByteSnap Design (UK); Enclustra GmbH (Switzerland); EnSilica (US); Gidel (US); Nuvation Engineering (US); Selexica, Inc. (Germany); and EmuPro Consulting Private Limited (India). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, contracts, collaborations, and acquisitions, for strengthening their position in the 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.

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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Process Automation & Instrumentation Market Research Report | Industry Analysis and Market Forecast to 2024

The process automation and instrumentation market is expected to be worth USD 71.4 billion in 2019 and is projected to reach USD 95.5 billion by 2024, at a CAGR of 6.0%. The factors that are driving the growth of the market include importance of energy efficiency and cost reduction, IIoT for enhancing the digitalization in process automation, and emphasis on industrial automation and optimum utilization of resources.

The process automation and instrumentation market is becoming increasingly important due to the need for automated solutions for carrying out processes in industries such as food & beverages, pharmaceuticals, energy & power, metals & mining, oil & gas, pharmaceuticals, pulp & paper, water & wastewater, and others. Growing demand for process automated solutions, need for increased production and efficiency, and requirement for real-time measurement and control of process variables to maximize profitability while ensuring quality and safety are the factors driving the need for process automation and instrumentation solutions.

The process automation and instrumentation market for the pharmaceuticals industry is expected to grow at the highest CAGR from 2019 to 2024. Increasing competition in the industry and legistations related to this industry, growing importance of providing precision measuring equipment to provide accurate dosage of medicine, rising need for process automation solutions in various processess such as manufacturing, testing, drug development, packaging and distrubution are likely to propel the growth of process automation and instrumentation solutions in the pharmaceutical industry. Moreover, the involvement of complex manufacturing processes such as milling, granulation, coating, tablet pressing in pharmaceutical companies propel the need for process automation solutions, which, in turn, drive the growth of the process automation and instrumentation market.

The market for MES is expected to grow at the highest CAGR from 2019 to 2024. The capability of performing multiple activities, delivering efficiency by checking quality, and optimizing production are the factors responsible for growth of the MES market. The growing demand of MES in the pharmaceuticals industry is attributed to the rising demand from pharmaceutical manufacturing companies to achieve increased transparency and better process control across manufacturing processes of medicines. In addition, MES aid pharmaceutical manufacturers for paperless production, reliable traceability, shorten production cycles, and integrated production flow.

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The market for control valves is expected to grow at the highest CAGR from 2019 to 2024. The rising demand for energy and increasing government initiatives pertaining to flow control projects such as gas pipelines and water distribution is positively impacting the growth of control valves. Further, the need for direct control of flow rate and the consequential control of process quantities such as pressure, temperature, and liquid level are the factors driving the control valves market.

The process automation and instrumentation market in APAC is expected to grow at the highest CAGR from 2019 to 2024. The growing demand for oil & gas and food & beverages in APAC due to growing needs of increasing population and increased industrialization in this region are the major factors driving the said market in APAC.

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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Sports Technology Market Research Report | Industry Analysis and Market Forecast to 2024

The sports technology market was valued at USD 8.9 billion in 2018 and is projected to reach USD 31.1 billion by 2024; it is expected to grow at a CAGR of 20.63% during the forecast period. The market growth can be attributed significant improvement in audience engagement, growing demand for data-driven decisions and operations, and increasing sports events, online and offline.

Leading players in the sports technology market includes IBM (US), Ericsson (Sweden), Cisco (US),  Fujitsu (Japan), SAP (Germany), Oracle (US), NEC (Japan), LG (South Korea), Sharp (Japan), Samsung (South Korea), Fitbit (US), Apple (US), Garmin (US), Sony (Japan), Panasonic (Japan), Modern Times Group (Sweden), Activision Blizzard (US), Tencent (China), and CJ Corporation (South Korea).

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Top players in the AFA market:

IBM was a leader in 2 of the segments: smart stadium and sports analytics. IBM focuses on organic growth by continuously expanding its product capabilities. The company holds expertise in big data and analytics technologies, which helps its customers in leveraging the huge amount of data generated from network elements and internet devices. With ample resources and expertise, IBM was a leading player in the smart stadium and sports analytics markets.

Modern Times Group (MTG) is the leader in esports business. It is an international digital entertainment company. In November 2015, MTG acquired DreamHack (Sweden) for USD 28 million. Also in July 2015, the company had acquired 74% share in Turtle Entertainment (Germany), the owner of the ESL brand, for USD 87 million to strengthen its esports business. MTG focuses on partnering with global brands and event organizing companies. The company strives aligning with the latest market trends by organizing major esports events. For instance, in February 2018, ESL, the brand acquired by MTG, organized IEM Katowice tournament, featuring Dota 2 tournament, CS: GO tournament, StarCraft II tournament, and Heroes of the Storm tournament.

Apple is one of the most innovative companies, which designs and develops hardware, application software, and services for different consumer electronics products. Apple was market leader in sports wearables market. In the digital signage market, Samsung was the leading player. In June 2018, Apple updated the Apple watch with watchOS5. The company introduced new activity and communications features such as auto workout detection, Wi-Fi, and cellular connectivity. The company provides sports technology solutions through Samsung Display solutions. In the camera market, Sony was the leading player. Sony has a strong brand image worldwide, especially for electronic products and is also working on AI technologies to bring new capabilities to its electronics products. In May 2016, Sony (Japan) invested in Cogitai, an American start-up that specializes in AI. The company focuses on developing novel AI technologies using deep reinforcement learning with prediction technology in collaboration with Cogitai.

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. Sanjay Gupta

MarketsandMarkets™ INC.

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Industrial Communication Market Research Report | Size, Share and Market Forecast to 2023

The industrial communication market is expected to reach USD 141.0 billion by 2023 from USD 83.2 billion in 2018, at a CAGR of 11.14% during 2018–2023. The market is mainly driven by the adoption of Industrial Internet of Things (IIoT) and advancement in M2M communication technology for industrial networking. The growth of Industry 4.0 practices in Europe and North America propels the growth of industrial communication. Moreover, the growing penetration of Industry 4.0 and computer-integrated manufacturing (CIM) in developing countries in APAC and the Middle East is expected to offer new growth opportunities for the industrial communication solutions providers. The growth of Industry 4.0 practices, specifically, in Europe and North America propels the growth of industrial communication.

The industrial communication market is highly competitive owing to the presence of a large number of players. Product launches and developments, acquisitions, and partnerships have been the major strategies adopted by the leading players to grow in the market. Among these strategies, players have widely adopted the strategies of product launches and developments to remain competitive in the market. Key players implementing these strategies are SICK AG (Germany), OMRON Corporation (Japan), Schneider Electric SE (France), ABB Ltd. (Switzerland), Belden Inc. (US), Moxa Inc. (US), Siemens AG (Germany), Rockwell Automation, Inc. (US), GE Grid Solutions, LLC (US), Cisco Systems, Inc. (US), Advantech Co., Ltd. (Taiwan), HMS Industrial Networks (Sweden), IFM Electronic GmbH (Germany), and Mitsubishi Electric Group (Japan).

Top 2 players in industrial communication market:

Rockwell is one of the largest companies dedicated to industrial automation and information, which strives to improve the productivity and market sustainability of its customers. Rockwell focuses on R&D to stay ahead of its competitors in the market. Its R&D efforts are aimed at increasing efficiency, improving customer focus, and reducing the lead time to market for new products. With a strong technology foundation and deep understanding of its clients, the company is strongly positioned to deliver unparalleled value through innovative products and solutions across the automation industry. Rockwell serves its customers in a wide range of industries, including consumer products, resource-based industries, and the transportation industry. Rockwell Automation focuses on the expansion strategy to increase its geographic footprint in the global industrial communication market. It establishes partnerships and acquisitions, primarily, to strengthen its business. For instance, in June 2018, Rockwell Automation, Inc. partnered with PTC Inc. (US) with an aim to increase its product portfolio in wireless communication.

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Siemens holds a strong position in the industrial communication market for its products and solutions offering. The Siemens Digital Factory division business has presence grown in all regions. It has a stronger market in Asia and Australia than other regions, with the accelerated growth in Europe. It has been facing high demand from the consumer-centric manufacturing industries in the US, whereas factory automation investment slowed in oil and gas producing countries owing to the slowdown in the gas industry worldwide. As part of its major growth strategies, it focuses on the innovation-driven growth markets by expanding and strengthening its product portfolio. For instance, in May 2018, Siemens launched industrial Ethernet switches with special functions for process industries.

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. Sanjay Gupta

MarketsandMarkets™ INC.

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Optical Sensing Market worth 3.46 Billion USD by 2023

The report "Optical Sensing Market by Industry (Aerospace & Defense, Utilities, Oil & Gas, Medical, Construction, and Consumer Electronics), Application, Method, and Geography - Global Forecast to 2023", The optical sensing market is projected to grow from USD 1.12 Billion in 2016 to USD 3.46 Billion by 2023, at a CAGR of 15.47% between 2017 and 2023.

High accuracy and ability to withstand harsh environments are the key parameters that have increased the adoption of the optical sensing devices across various industries such as aerospace & defense; utilities; and oil & gas. Increasing research activities owing to increased investments, specifically in the medical industry is expected to drive the growth of this market.

Pressure and strain sensing application is expected to dominate the optical sensing market during the forecast period

The pressure and strain sensing application constituted the largest market share in the optical sneezing market in 2016 and is expected to grow at a considerable rate between 2017 and 2023. The pressure and strain sensing application is easy to devise using various intrinsic and extrinsic methods and have applications across various industries. The core industries rely on these robust sensors and the ability to deploy these sensors in point based or distributed network in order to achieve better visibility across vast infrastructure in these industries.

Aerospace & defense industry held the largest market share in 2016

The aerospace & defense industry held the largest market share in the optical sensing market in 2016, and this trend is expected to continue through 2023. The industry readily adopts better sensors in its operations and is also aided by the increased investments through government budgetary allocations and other investors. The capability of the sensors to withstand harsh environments is a major reason for the adoption of optical sensors in this industry.

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North America expected to hold the largest market share, whereas Asia-Pacific is expected to grow at the highest rate through 2023

North America is expected to hold the largest market share and dominate the optical sensing market between 2017 and 2023. A considerable number of optical sensing device vendors are based in the U.S., and there is an increase in investments to upgrade infrastructure across various industries, which would contribute towards market growth in the region. However, the optical sensing market in the Asia-Pacific region is expected to grow at the fastest rate growth owing to the growing urbanization in the region and increasing investments to deploy improved sensing technologies to monitor the infrastructure in industries such as utilities and oil & gas.

The key players in this market are ROHM Semiconductor (Japan), ABB (Switzerland), Hamamatsu Photonics K.K. (Japan), ams AG (Austria), and Fairchild Semiconductors (U.S.).

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. Sanjay Gupta

MarketsandMarkets™ INC.

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USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Industrial Vacuum Cleaner Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

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%. Benefits offered by industrial vacuum cleaners include the 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. The awareness of safety and hygiene at workplaces is increasing day by day. Industries have their own unique set of cleaning challenges. Dirty and contaminated areas in industries can significantly impact the health of employees. Further, the Occupational Safety and Health Administration (OSHA), an agency of the United States Department of Labor, has stated the rules for clean and hygienic workplaces. Moreover, increasing labor cost in developing countries such as India and China drive the demand for industrial vacuum cleaners in those countries.

Major companies in this market are Alfred Kaercher GmbH & Co. KG (Germany), Nilfisk A/S (Denmark), Tennant Company (US), and Depureco Industrial Vacuums (Italy). Further, other major suppliers of industrial cleaning equipment including Nilfisk A/S (Denmark), Alfred Kaercher GmbH & Co. KG (Germany), and Tennant Company (US) dominated the industrial vacuum cleaner market in 2017. Additionally, several local or regional and specialist manufacturers of industrial vacuum cleaners are present in the said market.

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), Ruwac Industriesauger GmbH (Germany), Kraenzle (Germany), Depureco Industrial Vacuums (Italy), among others, contribute significantly to the industrial vacuum cleaner market.

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Nilfisk is one of the leading companies providing industrial vacuums for industries across the world. Nilfisk plays a crucial role in the food and pharmaceuticals industries owing to its innovative product offerings and industry know-how. The company offers industrial vacuum cleaners to food & beverages, pharmaceuticals, metalworking, manufacturing, and textiles industries, among many others. The company has established strong presence in EMEA. In 2017, the company’s 57% of the total revenue was from EMEA. The company adopted the organic growth strategy, namely, product launches. Recently, in 2017, Nilfisk launched 2 new vacuum cleaners, which are suitable for food, pharmaceuticals, and other industries. This will enhance the company’s offerings in the Industrial Vacuum Cleaner segment.

Kaercher is a German-based company that delivers high-quality and innovative industrial cleaning equipment, such as vacuum cleaners, sweepers, carpet cleaners, and high pressure washers. Kaercher adopted both organic and inorganic growth strategies during 2016–2017. Till date, the company has more than 1,300 patents in cleaning technology. Recently, in May 2018, the company launched 2 new industrial vacuum cleaners in its M series. These vacuum cleaners are fully automatic and sensor-controlled cleaning devices. In 2010, Kaercher acquired Ringler GmbH, which also offers industrial cleaning solutions. In May 2017, Ringler expanded its portfolio of industrial vacuum cleaners with 5 new machines.

Tennant is a US-based company that has significant experience in providing industrial cleaning solutions, with the aim to ensure the quality and safety of products. The company offers a variety of industrial vacuum cleaners. Recently, in 2017, the company announced to acquire IPC Group, a manufacturer of industrial cleaning equipment. IPC has a concentrated business in the European market that will strengthen Tennant’s market position in Europe, and in the coming 2 to 3 years, this acquisition is expected to strengthen the company’s business in EMEA. IPC also offers industrial vacuum cleaners, which will expand Tennant’s product portfolio and market share. With the acquisition of IPC, Tennant has got a formidable position 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.

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. Sanjay Gupta

MarketsandMarkets™ INC.

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Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Narrowband IoT (NB-IoT) Chipset Market Size, Growth, Trend and Forecast to 2024 | MarketsandMarkets

NB-IoT is expected to be one of the most efficient connectivity technologies for real-time data transfer as it consumes less power and covers a wider area than existing LPWA technologies, such as LoRa and Sigfox. The NB-IoT chipset market is projected to reach USD 2,002 million by 2024 from USD 272 million in 2019 at a CAGR of 49.1%. Growing adoption of IoT and rise in the use of connected devices, and increasing demand for low-power, low-cost, and long-range connectivity are the key drivers for the groth of this market. Emerging smart city initiatives and smart buildings across the world pose a huge growth opportunity for companies involved in this market.

The NB-IoT chipset market is highly competitive with the growing presence of multinational, domestic, and start-up companies. Product developments and launches have been the key strategies adopted by industry players to grow in the NB-IoT chipset market. Companies such as Qualcomm, Nordic Semiconductor, Huawei, Riot Micro, MediaTek, Samsung Electronics, and Commsolid adopted these strategies to develop their NB-IoT chipset business. Besides organic growth strategies, companies have adopted strategies such as collaborations, partnerships, and agreement in the NB-IoT chipset market. Major IT giants such as Huawei, Nordic Semiconductor, Intel, and MediaTek follow these strategies.

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Huawei (China) is among the frontrunners in the NB-IoT chipset market owing to early development and deployment of NB-IoT chipsets, especially by forming partnerships and collaborations with domestic service providers, specifically in the metering and parking applications. The company has R&D centers in 21 countries, including China, the US, Canada, the UK, India, Russia, and Turkey. It is currently emphasizing on improving its geographic footprint in the NB-IoT market by partnering with regional players. For instance, in May 2018, MTN SA successfully deployed Huawei’s CloudAIR 2.0 solution to share spectrum between 2G, 3G, 4G, and NB-IoT radio technologies in the 900 MHz band. This development enables MTN SA to make more efficient use of its limited 900 MHz spectrum allocation and achieve a 45% increase in LTE throughput within the band.

Qualcomm (US) is among the key players operating in the NB-IoT chipset market. Its expertise in cellular modem development, along with the global presence, differentiates Qualcomm from other players. The company offers 3 modems in NB-IoT chipset space—MDM9206, 9205 LTE, and MDM 9207-1. Moreover, its Snapdragon 1200 Wearable Platform is one of the most sophisticated and exclusive platforms developed for the development of NB-IoT solutions for wearables. Strong reliance on organic growth as well as partnerships and collaborations with regional players remain the key growth strategies for the company to strengthen its position in the NB-IoT chipset market. In June 2018, Qualcomm Technologies and Gizwits (China) announced their intention to create the world’s first commercial 2G cellular modules with field upgrades to LTE IoT (eMTC/Cat-M1 and NB-IoT/Cat-NB1).

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. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Camera Modules Market Size, Growth, Trend and Forecast to 2025 | MarketsandMarkets

The global camera modules market size is projected to grow from USD 31.5 billion in 2020 to USD 44.6 billion by 2025, at a CAGR of 7.2%. Major factors driving the growth of the camera modules industry include increasing trends of multi camera-based smartphones, rising public safety, and security concerns led to the adoption of surveillance, technological advancements in components of camera modules for its integration in devices, and rising demand for ToF camera in smartphones.

Major players in the camera modules industry include LG Innotek (South Korea), Sunny Optical Technology (Group) Company Ltd. (China), Sharp Corporation (Japan), Samsung Electro-Mechanics (South Korea), OFILM Tech Co., Ltd. (China), ams (Austria), Chicony Electronics Co., Ltd. (Taiwan), MCNEX Co. Ltd. (South Korea), Primax Electronics Ltd. (Taiwan), Q Technology (Group) Company Ltd. (China), CammSys Corp. (South Korea), Cowell (China), e-con Systems (US), Haesung Optics (South Korea), Jenoptik (Germany), Kyocera Corporation (Japan), Leopard Imaging Inc. (US), Luxvisions Innovation Limited (Taiwan), Partron Co., Ltd. (South Korea), Shenzhen CM Technology Company Ltd. (China), and Truly Opto-Electronics Ltd. (China).

These players have adopted various growth strategies, such as product launches and developments, expansions, acquisitions, and agreements, partnerships, and collaborations, to expand their presence in the camera modules market. Product launches have been the most dominating strategy adopted by key players from 2017 to 2019, which helped them strengthen their product portfolio and broaden their customer base.

LG Innotek (South Korea) secured the first rank in the camera modules market in 2019. It operates in 4 reportable segments—Optical Solution Business, Substrate and Material Business, Automotive Component and Electronics Business, and LED Business. The optical solution business segment offers ultra-slim and ultra-high-definition cameras and three-dimensional recognition modules for smartphones and tablet PCs, and cameras for vehicles, and IoT. The camera module offered by the company features autofocus and image stabilization based on Voice Coil Motor (VCM) technology. The substrate and material business include High-Density Interconnection (HDI), semiconductor substrates, tape substrates, and photomasks that are applied to smartphones, tablet PCs, laptop computers, and LCD/OLED TVs. The automotive component and electronics business provide motor, sensor, automobile communication and camera, electronic shelf label, Wi-Fi modules, and others. The LED business offers LED light, backlight units, and others. LG Innotek Poland Sp. Z O.o. and LG Innotek Vietnam Haiphong Co., Ltd. are the subsidiaries of LG Innotek. The company operates in APAC, Europe, and North America.  

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Sunny Optical Technology (Group) Co., Ltd. is one of the leading Chinese manufacturers of optical components and products. The group engages in the design, research, development, manufacture, and sales of optical and optical-related products. Sunny Optical Technology (Group) Co., Ltd. operates through 3 segments—Optical Components, Optoelectronic Products, and Optical Instruments. The Optical Business manufactures and sells lenses and lens module. The Optoelectronic Business produces cell phone camera modules and photoelectric vision products. The Instrument Business includes a microscopic, analytical, and surveying instrument. In the camera modules market, the group offers cell phone camera modules that include wide FoV module, AF module, array camera, and ultra-high resolution module. It has also developed various kinds of surround view, front view, and in-car automotive camera modules and has initiated mass production. Some of the group’s subsidiaries include Ningbo Sunny Automotive Optech Co., Ltd. (China), Xinyang Sunny Optics Co., Ltd. (China), Shanghai Sunny Yangming Precision Optics Co., Ltd. (China), and Zhejiang Sunny Optical Intelligence Technology Co., Ltd. (China).

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. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Managed Print Services Market | Industry Analysis and Market Research Report Forecast to 2023

The managed print services market is expected to grow from USD 28.40 Billion in 2016 to USD 50.78 Billion by 2023, at a CAGR of 8.51% between 2017 and 2023. The reduced cost of operation, flexibility to match customer requirements, rising complex technological solutions, and increasing dependency on heterogeneous networks are the major factors driving the growth of the managed print services market.

The key players in the managed print services market are increasingly adopting strategies such as product launches, product developments, partnerships, contracts, agreements, mergers and acquisitions, collaborations, and expansions to grow in the managed print services market. According to the present scenario, major companies in the managed print services market are investing a lot in R&D. The companies are also partnering with other companies to offer cost-efficient solutions in printing. In terms of market leadership, Xerox Corporation (US) is the leader in providing MPS services worldwide. Xerox Corporation (US), Ricoh Company, Ltd. (Japan), HP Development Company, L.P. (US), and Canon, Inc. (Japan) provide MPS solutions worldwide.

Xerox Corporation (US) held the first position in the MPS market. Xerox has built a credible and strong portfolio of services for organizations of all sizes, enhanced by an expanded range of workflow automation solutions. Xerox retains a leadership position in the market due to its global scale and comprehensive MPS portfolio, which encompasses office printing, production printing, and workflow automation services. Xerox has expanded its security services through the Xerox Print Security Audit Service and its Secure Print Manager suite of solutions (both Xerox and partner solutions), which offer analytics, secure printing, and control and reporting. Xerox has a range of industry solutions for workflow automation across HR, finance and accounting, insurance, retail, banking, manufacturing, higher education, and healthcare. The company is consistently growing through strategic acquisitions and product launches. For instance, in March 2017, the company launched “Xerox ConnectKey” to expand business reach for channel partners to find more opportunities to grow revenue and enter new markets. The company is making continuous developments in the MPS market.

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Ricoh Company (Japan) held the second position in the managed print services market. The company provides imaging and printing solutions and industrial products. It is a global market leader with recognized expertise in the development, manufacture, and application of innovative, cost-effective printing products, solutions, and services. The company provides MPS services under its Ricoh Managed Document Services (Ricoh MDS) portfolio. Ricoh MDS address customers' business challenges and provide consistent, high-quality services to its customers. The company adopted growth strategies based on joint ventures, partnerships, and product launches. For example, Ricoh acquired Avanti Computer Systems (Canada), a leader in providing print MIS (management information system). This acquisition will help Ricoh expand its print workflow and improve management efficiency and overall productivity.

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. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Motion Control Market Size, Growth, Trend and Forecast to 2022 | MarketsandMarkets

Motion control allows to deliver highly efficient products, eliminates the need for manual work, and provides greater efficiency and accuracy. Implementation of motion control facilitates the manufacturing firm to reduce the complexity of production processes, especially in industries such as automotive and aerospace and defense that manufacture equipment and parts of the vehicles and aircraft. The motion control market is expected to be valued at USD 22.84 Billion by 2022, growing at a CAGR of 5.5% between 2016 and 2022. The growth of this market is propelled by the adoption of advanced and automated processes for factory automation, safety-enabled productivity in industries, increasing demand for industrial robots in manufacturing processes, and ease of use and integration of components within motion control systems.

ABB (Switzerland), Parker Hannifin Corp (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), and Siemens AG (Germany) are some of the leading players in the motion control market. Some of the key strategies adopted by the major players to gain a competitive edge in the market include new product developments, agreements, partnerships, contracts, mergers, acquisitions, and expansions.

Siemens AG was the leading company in the motion control market in 2015. The company has established a strong brand name for its innovative strength, technological excellence, and quality of products. Further, the company has strong geographical presence. In November 2016, the company updated the SIMOTION software (new version 4.5) for its high-end motion control system. This version is equipped with object-oriented programming (OOP) and communication via Open Platform Communications Unified Architecture (OPC UA) which would enable mechanical engineers to implement large software projects and access SIMOTION data cloud. These agreements have enabled the company to strengthen its customer base and market position. The company is also focused on investing in R&D initiatives.

Parker Hannifin Corp (U.S.) is one of the major players in the motion control market. The strong position of the company in various markets provides it a competitive advantage. In August 2016, the company launched Servonet DC which is specifically used in challenging environments outside of the cabinet. It is used in applications such as packaging machines and rotary tables which comprise number of drives and motors. It helps in maintaining the quality and it is also cost-effective for multiaxis applications where drives are placed close to each other in the machine. In June 2016, the company extended its range of frameless Permanent Magnet AC (PMAC) motors with low-voltage K Series. These servo motors are used where compactness, reliability, precision, and cost-effectiveness are of major importance. It is used in industries such as food and beverages, packaging, and life sciences. These active measures have helped the company strengthen its brand image and enhance its market presence.

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Other companies involved in the development of motion control systems include Altra Industrial Motion Corp. (U.S.), Bosch Rexroth AG (Germany), Dover Motion (U.S.), Eaton Corporation Plc (Ireland), Kollmorgen (U.S.), Mitsubishi Electric Corporation (Japan), Moog Inc. (U.S.), and Yaskawa Electric Corporation (Japan).

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. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com