Integrated Passive Devices Market in Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific is expected to offer lucrative opportunities for the Integrated Passive Devices Market because of the growing base for communication infrastructure, communication devices, and consumer electronics. Asia Pacific is one of the key regions for players dealing with smartphones and wearables. The trend of miniaturization of components of smartphones and wearables will drive the IPD market in this region. This region is expected to witness mass commercialization of 5G by 2020. Huge customer base and need for telecommunication infrastructure will boost the need for IPDs in coming years.

By material, the glass segment is expected to grow at the highest growth rate during the forecast period

Among non-silicon-based types, glass base is preferred because of advantages such as high resistivity and low RF coupling to devices. During the manufacturing process, glass wafer does not heat up as much as other materials. Moreover, glass

The consumer electronics segment deals with electronic devices that are used for entertainment, communications, and enterprises purpose. Consumer electronics accounted for the largest share of the IPD market. Consumer electronics include smartphones, notebooks, tablets, and others (wearables, game consoles, and other white goods). Smartphones have been a major driver for the growing market of smart devices. The growth of the smartphones market has proven to be a catalyst for the mainstreaming of the Internet of Things.

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The Integrated Passive Devices market to grow from USD 1,011 million in 2018 to USD 1,544 million by 2023, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period. The growth of the integrated passive devices market is driven by factors such as increasing adoption of IPD in consumer durables, integration of IPDs into RF applications, and increasing demand for miniaturized & high-performance electronic devices. In addition, increasing incorporation of infotainment and navigation features, such as global positioning system (GPS), in automobiles is supporting the market growth.       

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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.

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Telecommunications vertical to account for the largest share of the modular instruments market during the forecast period

The large share of the telecommunications vertical in the modular instruments market is attributed to the ongoing developments in technology. In addition, widespread demand for wireless technologies is currently driving the market for the telecommunications sector. The market is expected to grow substantially during the forecast period with the increasing subscriber base for different advanced technologies, such as WiMax, 3G, 4G, LTE, LTE-A, and 5G.

The demand for wireless technologies is fueled by developments in the wireless communications industry, such as long-term evolution (LTE), increased adoption of smart devices, higher mobility, and the explosive growth of mobile data traffic. Despite lesser power requirements, newly evolving smart devices transmit large amounts of rich data that demand latency and responsiveness of LTE networks.

The need for accuracy and the drive to deliver best possible results to customers have led to the creation of new modular instruments. In the communication and networking sector, an orbital shift from providing primarily voice-based services to offering integrated voice, video, and data services has necessitated the need for solutions to test performance and capacity of undergirding networks. The transition to fourth-generation (4G) network, with advanced modulation and antenna techniques, has improved services and quality. Ongoing R&D activities in cellular technologies such as for LTE, long term evolution advanced (LTE-A), and wired technologies, such as Ethernet and fiber optics, are the major factors driving this market.

Deployment of LTE is providing substantial opportunities for modular instruments manufacturers to capitalize upon. In order to achieve this, huge and technologically more advanced infrastructure is required; this is eventually expected to increase the use of modular instruments for testing LTE gateways and access points, especially in the wireless communication industry.

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The modular instruments market was valued at USD 1.12 billion in 2017 and is expected to reach USD 2.11 billion by 2023, at a CAGR of 9.6% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

Some of the other prominent players in the market include Giga-tronics (US), Elma Electronic (Switzerland), Asis Pro (Israel), Guzik technical Enterprises (US), Test Evolution Corporation (US), Adlink Technology (Taiwan), Chroma ATE (Taiwan), GOEPEL Electronic (Germany), Marvin Test Solutions (US), and Bustec (UK).

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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Security and surveillance application to dominate infrared imaging market during forecast period

On the basis of applications, security and surveillance is currently leading the infrared imaging market. It will continue to dominate the market during the forecast period. The ability of infrared imaging products to enhance visibility even in restricted visibility conditions, such as complete darkness and bad weather conditions, has led to their wide adoption for the security and surveillance application.

High demand for infrared imaging products from the nonindustrial vertical is one of the major factors driving the growth of the market. Moreover, increasing demand for infrared imaging cameras from APAC and rise in the penetration of SWIR cameras are expected to considerably boost the infrared imaging market in the coming years. The objective of the report is to define, describe, and forecast the market size based on technology, wavelength, application, vertical, and region.

Infrared Imaging Market by wavelength, SWIR segment is expected to grow at highest CAGR during forecast period

The market for SWIR products is expected to witness significant growth during the forecast period. The major applications of line scan cameras are in the industrial vertical. Surveillance, moisture detection, spectroscopy, high-temperature thermography, semiconductor inspection, scientific research, and art inspection are some of the common applications of SWIR cameras. Currently, the price of SWIR cameras is higher than most MWIR, LWIR, and NIR cameras, which has restricted their wide-scale adoption. However, owing to technological advancements and efforts made by SWIR camera manufacturers to launch low-priced SWIR cameras, the price of these cameras is expected to decrease in the near future.

Infrared Imaging Market by technology, uncooled segment to account for largest market share during forecast period

In this report, the infrared imaging market, by technology, has been segmented into cooled and uncooled. Among the two, uncooled segment is expected to hold a larger share of the market throughout the forecast period. The dominant position of this segment can be attributed to the high demand for uncooled infrared imaging cameras owing to their low cost compared with cooled infrared imaging cameras. Security & surveillance is the major application area for which uncooled infrared imaging cameras are used in the market.

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APAC to witness highest growth rate during forecast period in Infrared Imaging Market

APAC is expected to witness highest CAGR in the infrared imaging market during the forecast period. China, Japan, and India are some of the major countries driving the growth of the market in APAC. North America is expected to account for the largest share of market during the forecast period. The market in this region is also expected to witness significant growth during the forecast period.

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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.

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Automated 3D Printing Market Size, Growth, Trend and Forecast to 2023

The overall automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of 55.65%. Major drivers for market growth are the increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing. 

Market for industrial manufacturing, high-tech equipment, and engineering is expected to grow at highest CAGR during forecast period

Additive manufacturing proves to be a new tool-less and cost-effective production method for the end users in the industrial manufacturing, high-tech equipment, and engineering segment that provides new solutions for the low-volume production of different parts. The group of equipment used in these applications is highly efficient in terms of time and cost. Hence, the automation of 3D printing in this end-user segment is more than that in other segments.

Among hardware types, market for robots is expected to register highest CAGR during 2018–2023

In automated 3D printing, the robots are used to automate the 3D printing processes, and their adoption is increasing as they are easily programmable and can perform the tasks at an accelerated pace. The major companies are investing heavily in robots; they have started utilizing robots in 3D printing. For instance, Voodoo Manufacturing (US) has deployed a low-cost UR10 robotic arm, offered by Universal Robots (Denmark), to remove prints along with the print bed from 3D printers.

North America is expected to account for largest market size during forecast period

North America is expected to hold the largest share of the automated 3D printing market during the forecast period. North America notably registers the high adoption of automated 3D printing. The region has been receptive to the 3D printing procedures since its early days. The presence of the well-established 3D printing solution providers in this region boosts the adoption of automation technologies in the 3D printing systems to increase the efficiency and speed. The university grants provided by the federal government to develop 3D printing labs and technologies also drive the growth of the North American market.

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Key players in the automated 3D printing market include Stratasys (Israel), ExOne(US),  3D Systems (US), Materialise (Belgium), Universal Robot (Denmark), Formlabs (US), EOS GmbH (Germany), SLM Solutions (Germany), Concept Laser (Germany), Coobx (Liechtenstein), Authentise (US), Renishaw (UK),  NVBOTS (US), PostProcess Technologies (US), and DWS System (Italy).

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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.

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Isostatic Pressing Market Size, Growth, Trend and Forecast to 2023

The isostatic pressing market is expected to reach USD 9.22 billion by 2023, at a CAGR of 8.08% during the forecast period. The growth in this market is fueled by the growing demand for high-density and low-porosity materials in 3D printed parts, growing tendency to develop low-cost products with shorter cycle times, and increasing demand for combining hot isostatic pressing with other heat treatment processes. The growing investment by aerospace and defense players in the installation of HIP units is a key opportunity for the growth of the isostatic pressing market players.

Hot Isostatic pressing market for medical to grow at highest CAGR during the forecast period

The hot isostatic pressing market for the applications in the medical segment is expected to grow at the highest CAGR during the forecast period. In the medical industry, HIP is used to improve the properties of various materials used in this industry—such as cast cobalt chrome, titanium, and stainless-steel implants—and dental brackets. This contributes to the growth of the market for the HIP market for medical during the forecast period.

By process type in the CIP system market, dry bag pressing to hold the largest market share during the forecast period

The larger share of this segment is attributed to the availability of fully automated dry bag systems that are operated using computerized controls and user-friendly software. This is a faster method of isostatic processing of production components compared to the wet bag pressing.

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

APAC is expected to be the fastest-growing market for cold isostatic pressing during 2018–2023, and it holds a tremendous market potential for the coming future. The market in APAC mainly consists of developing economies such as China and India, which have a huge potential in terms of the CIP applications. Some of the major drivers for the spurring demand of CIP in APAC include an increase in demand for low-cost and reliable metal as well as ceramics products for various applications, rising preference toward custom implants (in medical applications) due to better and efficient recovery, and a growing number of dental restoration surgeries.

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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Enterprise Session Border Controller Market by Session Capacity & Function, Enterprise Level - Global Forecast to 2022

The enterprise session border controller market is expected to reach USD 528.4 Million by 2022, at a CAGR of 8.26% between 2016 and 2022. The major factors that would drive the market for enterprise session border controllers are the increasing concern for security and upgradation of network infrastructure across the globe. The ability of session border controllers to provide secure communications at lower cost has resulted in their growing adoption in the manufacturing and IT industry, state-owned enterprises, and others. Untapped or less explored markets hold tremendous possibilities in terms of market growth opportunities.

The enterprise session border controller market has been segmented on the basis of by session capacity into up to 200 sessions, up to 600 sessions, up to 1000 sessions, up to 5000 sessions, and greater than 5,000 sessions. The market for enterprise session border controllers with session capacity up to 200 held the largest market size in 2015. Though the penetration of the session border controller is very low in small- to medium-sized organizations, the growing trend of unified communication would further drive the market for session border controllers.

The market has been segmented on the basis of enterprise level into three types: small-scale enterprises, medium-scale enterprises, and large-scale enterprises. The market for the small-scale enterprise level is expected to grow at the highest CAGR between 2016 and 2022. The U.S. is witnessing increasing adoption of SBCs by various small-scale enterprises. Small-scale enterprises largely rely on traditional telecommunication systems and have been slow to adopt VoIP combined with session border controllers. As the service providers discontinue providing the traditional network services and shift to IP networks, a large pool of small-scale enterprises would shift to VoIP for their telephony needs.

The market has been segmented on the basis of functions into security, connectivity, revenue optimization, quality of service, regulatory, media and entertainment, and others. Other functions include maintaining high availability, statistics and billing, and management of the network in the enterprise.

The enterprise session border controller market is further segmented on the basis of industries into IT and telecommunication, banking and financial services, manufacturing, healthcare, media and entertainment, transportation, and others. The growth of the E-SBC market is mainly driven by the IT and telecommunication, banking and financial services, and manufacturing industries. The growth of the market for the banking and financial industry is largely attributed to the growing financial services sector and reforms in the economy and banking services worldwide as well as the need to secure the networks in the same.

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The key players in the enterprise session border controller market are AudioCodes Ltd. (Israel), ADTRAN, Inc. (U.S.), Avaya Inc. (U.S.), Cisco Systems, Inc. (U.S.), Edgewater Networks, Inc. (U.S.), GENBAND, Inc. (U.S.), Ingate Systems AB (Sweden), Oracle Corporation (U.S.), Patton Electronics Co. (U.S.), and Sonus Networks, Inc. (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.

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X-ray Inspection System Market Size, Growth, Trend and Forecast to 2023

The X-ray inspection system market is expected to be valued at USD 860.5 Million by 2023, at a CAGR of 6.51% between 2017 and 2023. Growing consumer awareness raising the bar of safety and quality standards acts as a driver for the growth of the market. Moreover, stringent government regulations due to security concerns, and demand from both developed and developing economies also drive the growth of this market.

This report segments the market on the basis of technique, dimension, vertical, and geography. Digital imaging held a larger share of the market based on technique in 2016. The increased use of systems based on digital imaging technique for detection of damages such as cracks, reduction in time of image processing, and 3D visualization ability contribute to a high growth of the market for this segment.

 3D X-ray inspection system market is expected to grow at a higher CAGR during the forecast period. The growth of this market can be attributed to the use of 3D X-ray inspection systems in a wide range of industries, from semiconductors to automotive manufacturing, and their vital role in quality control. These systems also allow manufacturers to diagnose issues such as metal bridging, foreign materials, and construction defects in 3D planes.

The oil and gas vertical held the largest share of the X-ray inspection system market in 2016. X-ray inspection systems are widely used in both the downstream as well as upstream segments of the oil and gas wells. X-ray inspection systems are highly efficient in delivering solutions for the pressure vessels, pipes, boilers, and valves inspections, which, in turn, is driving the growth of this market.

The X-ray inspection system market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the continuous demand for cost-effective and fast-processing X-ray inspection systems from the oil and gas, and power generation verticals.

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The key players in the X-ray inspection system market include North Star Imaging, Inc. (US), Nikon Metrology NV (Belgium), Nordson DAGE (UK), YXLON International GmbH (Germany), VJ Group, Inc. (US), 3DX-RAY Ltd. (UK), VisiConsult X-ray Systems & Solutions GmbH (Germany), Smiths Detection, Inc. (UK), Mettler-Toledo International Inc. (Switzerland), and General Electric Co. (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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Self-Checkout Systems Market by Offering & End User - Global Forecast 2022 | MarketsandMarkets

The self-checkout systems market is expected to be valued at USD 2.5 billion in 2016 and is likely to reach USD 4.6 billion by 2022, at a CAGR of 10.68% during the forecast period. The growth of this market is being propelled by the growing deployment of these systems in various formats of retail stores such as supermarkets, hypermarkets, department stores, and convenience stores. The major reason behind this increase in demand is the ability of these systems to help retailers in reducing the checkout time, providing more personalized services at the store, and reducing the operational cost of the stores.

By model type, cash model type is expected to account for the largest market size during the forecast period

The cash model type dominated the self-checkout systems market because of their high popularity among the retailers and customers, as compared to the cashless model type. Most customers like to have option of making payment through cash or through the card, or both. The cash model type systems give the payment flexibility to the customers, thus increasing the popularity of these systems.

By mounting type, wall-mounted and countertop mounting type is expected to grow at the highest CAGR during the forecast period

The wall-mounted and countertop mounting type self-checkout systems market is expected to witness significant growth during the forecast period. The space required for installing the countertop or wall-mounted systems is usually less than that of stand-alone systems; this has led to the increased demand for the wall-mounted and countertop self-checkout systems from retail stores having space constraints.

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Key players in the self-checkout systems market include NCR Corporation (US), Diebold Nixdorf (US), Fujitsu (Japan), Toshiba TEC (Japan), and ITAB ScanFlow (Sweden). NCR Corporation is a well-known name in the global market for self-checkout systems. The company offers a number of products, software, and services related to self-checkout and is further trying to expand its product portfolio with the help of new product launches. To maintain a leading position in the market, NCR focuses on investing a substantial portion of its annual revenues in R&D activities. Apart from strong product portfolio, the company also has a very strong customer base. A range of self-checkout systems offered by the company is one of the most deployed self-checkout systems in the retail industry. PJSC Magnit (Russia), REWE Group (Germany), SPAR International (Netherlands), Ryohin Keikaku (Japan), and X5 Retail Group (Russia) are some of the customers of NCR who have implemented self-checkout systems in their retail stores.

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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Autonomous Underwater Vehicle (AUV) Market worth $1,638 million by 2025

The report "Autonomous Underwater Vehicle (AUV) Market by Type (Shallow AUVs, Medium AUVs, Large AUVs), Application (Military & Defense, Oil & Gas), Shape, Technology (Navigation, Imaging), Payload Type (Cameras, Sensors), Region – Global Forecast to 2025", is projected to grow from USD 638 million in 2020 to USD 1,638 million by 2025; it is expected to grow at a CAGR of 20.8% during the forecast period. AUVs are increasingly being adopted in various industries due to advantages such as reduction in the cost of operation, access to underwater depths, which are not safe for humans, and better endurance offered by them than human divers. Moreover, they can work without any human intervention in hostile conditions such as storms and natural calamities. The increasing capital expenditure in the offshore industry is expected to be the key driver for the growth of the AUV market. AUVs are widely used in the oil & gas industry for various applications such as pipeline inspections, platform inspections, and bathymetric surveys, as well as in search and rescue operations. AUVs are cost-effective for deepwater drilling applications as they eliminate the requirement of surface vessels and can operate autonomously.

The sensors segment to hold the largest share of the AUV payload market from 2020 to 2025.

The sensors segment is expected to account for the largest share of the market during the forecast period. The growth of this segment can be attributed to the increasing adoption of sensors in scanning, detecting, mapping, and remote sensing applications. For instance, SeaOWL UV-ATM in-situ oil-in-water sensor manufactured by Sea-Bird Scientific (US) is used with Slocum Glider of Teledyne Webb Research (US) for oil detection applications.

The navigation segment is expected to hold the largest share of the AUV market during the forecast period.

The navigational information such as the location of AUVs is essential for their safe operations and recovery; navigation technology is crucial for successful mission completion. Inertial navigation systems are integrated with Doppler velocity logs (DVLs), GPS receivers, pressure/depth sensors, and sound speed sensors to achieve a high degree of navigation accuracy, thereby resulting in the increased adoption of inertial navigation systems for use in large AUVs.

North America to hold the largest share of the AUV market in 2020.

The increasing adoption of AUVs in the military & defense applications in the US is driving the growth of the AUV market in North America. For instance, in August 2019, Teledyne Instruments (US) received an indefinite-delivery/indefinite-quantity (IDIQ) contract worth USD 22 million from the US Naval Undersea Warfare Center to supply AUVs and related monitoring and communication acoustic systems. Moreover, there is significant adoption of AUVs in the oil & gas sector of the US. According to the US Energy Information Administration, in 2018, the US surpassed Saudi Arabia to become the worlds largest producer of petroleum.

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Major companies in the AUV market are Kongsberg Maritime (Norway), Teledyne Marine (US), Bluefin Robotics Corporation (US), ECA GROUP (France), Saab AB (Sweden), Lockheed Martin Corporation (US), Fugro (Netherlands), ATLAS ELEKTRONIK GmbH (Germany), Boston Engineering Corporation (US), International Submarine Engineering (Canada), Graal Tech (Italy), BAE Systems (UK), and Boeing (US). Apart from these, Rovco (UK) and Hydromea SA (Switzerland) are among a few emerging companies in the AUV 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:

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Smart Worker Market worth 4.40 Billion USD by 2023

The smart worker market is expected to be valued at USD 1.87 Billion in 2018 and is likely to reach USD 4.40 Billion by 2023, at a CAGR of 18.69% between 2018 and 2023. The growing adoption of industrial IoT and the increasing focus of manufacturing companies on energy efficiency, resource optimization, and reduction in production and operating costs are driving the growth of the market for smart worker solutions. Further, the growing stringency in occupational health and safety regulations across the world is also contributing to the market growth.

The demand for smart worker solutions across various applications in the oil & gas industry is expected to grow significantly over the next 5 years. The manufacturing industry accounted for the largest market share in 2017. The oil & gas industry is at the forefront of adopting smart worker solutions. The use of IoT-enabled smart worker solutions help the oil & gas industry to monitor workers’ health and improve their safety in hazardous environments.

The market for software used in smart worker solutions is expected to grow at the highest CAGR between 2018 and 2023. This can be due to its capability to enable supervisors to track time, safety, wellness, productivity, location, and working environment of workers, among many others, and to analyze the situation accurately.

North America held the largest share of the smart worker market in 2017 and is expected to witness significant growth during the forecast period owing to the presence of large manufacturing and oil and gas companies operating in this region. The region, along with Europe, is one of the pioneers in adopting new technologies, which is also one of the key factors for the high CAGR in this region.

The need for huge capital investment for the deployment of smart worker solutions is anticipated to restrict the market growth primarily in SMEs. Further, the lack of technological awareness among blue-collar workers is expected to pose challenges to the market players.

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Some key players in the smart worker market are Honeywell (US), DAQRI (US), Fujitsu (Japan), Accenture (Republic of Ireland), Vandrico (Canada), Intellinium (France), Avnet (US), 3M (US), Oracle (US), Zebra Technologies (US), Parsable (US), Rice Electronics (US), Softweb Solutions (US), Recon Instruments (Canada), Wearable Technologies Limited (UK), Corvex Connected Safety (US), ProGlove (Germany), Smart Track (Italy), hIOTron (India), and Solution Analysts (India). These players adopted strategies such as product launches and developments, acquisitions, partnerships, expansions, funding, and contracts to grow 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.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

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Mobile Artificial Intelligence (AI) Market worth $17.83 billion by 2023

The Mobile Artificial Intelligence (AI) Market is expected to reach USD 17.83 billion by 2023 from USD 5.11 billion in 2018, at a CAGR of 28.41% during the forecast period. The growth of the mobile AI market can be attributed to the increasing demand for AI-capable processors for use in mobile devices, rise in cognitive computing, and growing number of AI applications. Moreover, dedicated low-cost AI chips for camera and vision applications in mobile devices and rising demand for edge computing in IoT are creating huge growth opportunities for players in the market.

By technology node, 10nm nodes accounted for the largest market share during the forecast period

10nm nodes accounted for the largest share (in terms of volume) of the mobile AI market, by technology node, in 2017 and is expected to register a high CAGR during the forecast period. The growth of this market can be attributed to the increasing penetration of 10nm technology nodes in new high-end smartphones. Advancements in 10nm technology node result in more power-efficient processors and better battery life and performance of smartphones. Most modern high-end smartphones comprise AI chips. The iPhone X consists of Apple's A11 Bionic chip and Galaxy S9 smartphones that are powered by the Exynos 9810 processors, which are built on the advanced 10nm FinFET process for improved performance and long-lasting battery life.

By application, smartphones to hold the largest share of mobile AI market during the forecast period

Increasing demand for real-time voice processing and image recognition is driving the growth of the market for AI processors for smartphones. Most AI processors have additional inbuilt neural processing units (NPUs), which are capable of parallel processing, use low power, and can carry out cognitive tasks. On-device AI makes use of dedicated AI chipsets and is likely to become prominent in all flagship smartphones this year onward. Most new high-end smartphones comprise AI chips, which includes a dedicated neural processing unit. The neural processing unit comes with AI features, such as features facial unlocking, intelligent display rotation, and a smart notifications lock. Moreover, companies such as Samsung, Xiaomi (China), and MediaTek are heavily investing in their current and upcoming smartphones, which will be equipped with AI chips.

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Mobile AI Market in APAC to grow at highest CAGR during the forecast period

The mobile AI market in APAC is expected to register at the highest CAGR during the forecast period. In APAC, China is the largest market for artificial intelligence. Applications such as smartphones, industrial robots, and automotive hold huge potential for mobile AI and are contributing to the growth of the mobile AI market in APAC. The region provides business expansion opportunities, and hence, is becoming the center of attraction for major investments. Various start-ups in China are raising funds to grow in the mobile AI market. For example, ThinkForce raised around USD 68 million in December 2017, DeePhi raised around USD 40 million in October 2017, and in March 2018, SambaNova Systems raised USD 56 million. All these factors, coupled with the increasing number of start-ups in the mobile AI ecosystem, are fueling the growth of the 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.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

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VRF System Market worth $31.9 billion by 2025

The report "VRF System Market by Component (Outdoor Units, Indoor Units, and Control Systems and Accessories), System Type (Heat Pump, Heat Recovery), Capacity, Application (Commercial, Residential, and Others), and Geography - Global Forecast to 2025", was valued at USD 17.6 billion in 2020 and is expected to reach USD 31.9 billion by 2025, growing at a CAGR of 12.7%. High energy-saving potential and easy and minimum maintenance requirements of VRF systems are the key growth drivers for the market.

“VRF system’s outdoor unit expected to lead the market during the forecast period.”

The VRF system market is expected to grow primarily due to a revival in the construction activities and enhanced focus on the implementation of energy-efficient technologies and products. The increasing adoption of inverter-based compressors for outdoor units and the ability of outdoor units to connect multiple indoor units are expected to drive the market growth for outdoor units during the forecast period. The increasing adoption of wireless control systems for monitoring indoor units is expected to fuel the growth of the market for control systems and accessories during the forecast period.

“VRF systems for residential application expected to witness the fastest growth rate during the forecast period.”

VRF systems provide individual controls for each housing unit; hence, these systems are highly energy-efficient and have a low cost of operation. Therefore, an increasing number of property owners and managers are installing VRF air-conditioning systems. With long product life under harsh conditions, high air-conditioning performance, and excellent service, VRF systems are becoming the preferred choice for apartments and collective housing.

“APAC to be the largest market for VRF systems during the forecast period.”

APAC holds the largest market size due to the presence of major players in this region. Countries such as China, Japan, South Korea, and India are majorly driving the growth of the VRF system market in APAC. These countries have a considerable market size and scope for the development of the VRF industry. Several government regulations, acts, and associations are supporting the adoption of VRF systems in the APAC region. Some of these are the Commercial Building Disclosure (CBD) Program (Australia), Energy Conservation Building Codes (India), LEED-INDIA, and Indian Society of Heating, Refrigerating, and Air-Conditioning Engineers (ISHRAE).

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The major companies involved in the development and supply of VRF systems include Daikin (Japan), Toshiba (Japan), Mitsubishi Electric (Japan), Midea Group (China), and Johnson Controls (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. Sanjay Gupta

MarketsandMarkets™ INC.

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USA: 1-888-600-6441

Bank Kiosk Market worth 826.7 Million USD by 2022 | MarketsandMarkets

The bank kiosk market was valued at USD 170.2 Million in 2015 and is expected to reach USD 826.7 Million by 2022, at a CAGR of 24.58% between 2016 and 2022. It registered a shipment of 11,336 units in 2015 and is expected to reach 60,071 units by 2022, at a CAGR of 26.12% during the forecast period. Many countries are focusing on new innovations and expansions are being carried out through the smart cities and digitization project, which would help to increase the demand for bank kiosk systems in the coming years.

The bank kiosk market, on the basis of offering, has been segmented into hardware, software, and services. The market for software component is expected to grow at the highest CAGR during the forecast period, owing to the rising need for independent software purchases to make the interactive kiosk market more technologically advanced. The increasing complexity of self-service banking channels has given rise to new opportunities for setting up separate sophisticated software in the kiosk. Thus, the market for the software component is expected to grow at a higher rate than that for hardware and service.

The bank kiosk market, on the basis of type, has been segmented into single-function, multi-function, and video teller machine (VTM). Combining different functionalities in one kiosk has helped various organizations to reduce their capital expenditure on purchasing separate machines. Less capital expenditure in application development, equipment purchases, installation, and maintenance largely drives banks to adopt multi-function kiosks over single-function kiosks. Hence the market for the multi-function is expected to grow at a higher rate, followed by VTM.

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On the basis of geography, the market has been segmented into Americas, Europe, APAC, and Rest of the World. The market in APAC is expected to grow at the highest CAGR during the forecast period. The market growth can be attributed to the several initiatives taken up by the governments in APAC region and many major players in the bank kiosk ecosystem, which help to increase the adoption of bank kiosk market

However, the Increasing use of mobile devices reduces the use of self service banking kiosk and high initial cost of installation are some of the major restraints for the players in the bank kiosk market.

Key players in this market focus on strategic partnerships, acquisitions, agreements, and new product launches to increase their revenue. In September 2016, NCR Corporation launched its cloud-based developer portal, enabling financial institutions to build their own innovative digital banking applications to help meet the unique financial management needs 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.

Contact:

Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441