Leading Players in the Data Center Switch Market

 

The overall data center switch market is expected to increase from USD 13.91 Billion in 2018 to USD 17.69 Billion by 2023, at a CAGR of 4.92% between 2018 and 2023. The key opportunities for the manufacturers of data center switches include the rising trend of bare-metal switches and growing bandwidth requirements in data centers. Some of the key factors driving this market are the need for simplified data center management and automation, high demand for cloud services, and surge in the internet multimedia content and web applications.

Key players in the data center switch market include Cisco (US), Arista Networks (US), Huawei (China), HPE (US), and Juniper Networks (US). Most of the leading companies have followed organic growth strategies such as product launches. This market is evolving worldwide with the increasing competition to offer disruptive products with increasing functionality and features. The leading strategies in this market such as technological investments and product launches help companies to grow and remain technically competitive in the market. The major companies in data center switch market are also focused on partnerships, agreements, and collaborations to expand their business.

Leading players in the data center switch market:

Cisco (US) has been at the top position because of its wide contribution to the parent market share and high financial power. The company has a strong technical expertise and a broad product portfolio in the data center switch market. The company is one of the leading global brands in the switching industry and has been leading for many years. The company has a strong geographic presence serving almost 165 counties across the world, with a sales and distribution facilities across 95 countries. The company’s highly innovative Nexus switches use a 16 nm technology, which provides a large end-point density with improved scalability and performance up to 50%.

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Arista Networks (US) is at the second position; it is expected to account for about 12.35% of the total share of the data center switch market. The company is one of the leading suppliers of integrated cloud networking switching solutions, including extensible operating systems and software innovations. The company operates in only 1 segment and dedicatedly offers data center switches. The company has been witnessing consistent growth in terms of innovations. The company has shown a significant increase in R&D investments dedicated toward the development of data center switches.

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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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Key Players in the Digital Printing Market

 

The overall digital printing market for printers, inks, and print heads is expected to grow USD 28.85 Billion by 2023, at a CAGR of 4.48% between 2017 and 2023. Digital printing allows on-demand printing and short turnaround time. The increasing demand for digital printers for printing in the packaging and textile industry is expected to drive the market during the forecast period.

The key players in the digital printing market are increasingly adopting strategies such as product launches, product developments, partnerships, contracts, agreements, mergers and acquisitions, collaborations, and expansions to grow in the digital printing market. According to the present scenario, major companies in the digital printing 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, Hewlett-Packard (US) is the leader in providing digital printing services worldwide. Xerox (US), Ricoh (Japan), Hewlett-Packard (US), and Canon (Japan) provide digital printing solutions worldwide.

Hewlett-Packard (US) held the first position in the digital printer market. The company is well-placed in this market, where it has developed a range of dedicated products. HP provides printers, scanners, digital cameras, calculators, personal digital assistant (PDA), servers, workstation computers, and computers for home and small-business use. HP offers LaserJet and enterprise solutions, inkjet and printing solutions, graphics solutions, print solutions, and 3D printing through its printing segment. Hewlett-Packard (HP) focuses on leveraging the existing portfolio of products and services to meet the demands of the market. HP invests highly in research and development to introduce new technologies with better and unique features.

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Canon (Japan) ranked second in the digital printer market. It offers a range of high-performance, high-image-quality industrial devices, ranging from production printing systems to semiconductor lithography equipment and next-generation nanoimprint lithography systems. Canon offers office multifunction devices (MFDs), laser multifunction printers (MFPs), laser printers, digital production printing systems, high-speed continuous feed printers, wide-format printers, and document solutions. Canon focuses on expanding its market along with reducing the manufacturing cost. The company is continuously developing and launching new products and technologies to establish its brand position in the market. The company made a number of strategic alliances to make new innovations in the printing market, thereby trying to boost its product sales. For instance, in 2016, Canon Solutions America (US) entered into an agreement with Allied Printing Services (US) to develop future business. The company adopted the strategy of product launches in the printing technology.

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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Top 2 Players in the Digital Inspection Market

 

The digital inspection market is expected to grow USD 27.84 Billion by 2023, at a CAGR of 7.2% between 2018 and 2023. The miniaturization of products offered by end-user industries, availability of customized solutions, and rapid industrialization in developed economies provide key opportunities for the market. Some of the key factors driving the growth of this market are the growing adoption of industrial automation and increasing consumer awareness.

Major players in the digital inspection market include General Electric (US), MISTRAS Group (US), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), Zetec (US), FARO Technologies (US), Basler (Germany), OMRON (Japan), Carl Zeiss (Germany), Mitutoyo (Japan), GOM (Germany), National Instruments (US), and Keyence (Japan). Key innovators in the market are iPromar (Singapore), FPrimeC Solutions (Canada), Shinning 3D Tech (China), Zebicon(Denmark), and SUALAB (South Korea). Most of the leading companies have followed the organic strategy of product launches to boost their revenues.

Top 2 Players in the Market:

General Electric (GE) is one of the world’s largest multinational conglomerates, operating as an infrastructural and financial services company worldwide. The company serves customers in ~180 countries. GE Oil & Gas Digital Solutions, previously GE Measurement and Control, is a business unit of GE Oil & Gas. This business unit deals in sensor-based measurement, inspection, controls, and radiation measurement solutions. It designs, manufactures, and serves NDT equipment used for ultrasonic, eddy current, radiographic, and remote visual inspection techniques. In the digital inspection market, the company offers a full suite of NDT solutions and equipment, including radiography, CT, remote visual inspection, ultrasound, eddy current, and hardness testing products. To grow in this market, the company has adopted organic growth strategies such as product launches and expansions.

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Hexagon is known worldwide for its integrated design, measurement, and visualization technologies. It provides information technology solutions for geospatial and industrial landscapes worldwide. The company is driving the process of smart change through digitalization, moving customers closer to fully digital businesses. Hexagon intends to lead the 3D scanning and metrology market by helping its customers overcome challenges faced by them during the inspection and measurement processes by providing them with a wide range of innovative solutions. Moreover, it considers innovation as one of its major business strategies. The company considers innovation as one of its major business strategies.

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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Market Leadership - Automated 3D Printing Market

 

The automated 3D printing market is projected to reach USD 1,793 million by 2023 during the forecast period. The increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing are the major factors driving the market growth.

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). These players mainly adopt strategies such as product launch and partnership to enhance their business and product line, which helps them grow at a higher pace in the automated 3D printing market in the long run.

Top 2 players in the automated 3D printing market:

Stratasys is one of the major multidisciplinary 3D technological leadership companies, and it relishes the advantage of its proprietary 3D printing technologies, including FDM and inkjet-based PolyJet printing. The company has a competitive advantage over the other market players as it holds more than 1,200 granted patents or pending patent applications worldwide. Its competitive edge can also be attributed to the extensive efforts invested in R&D; its R&D expense in 2017 was 14.4% of the total revenue generation. In May 2017, the company developed a product “Build 3D Demonstrator”, this signifies the long-term vision of the company to make additive manufacturing a viable solution for high-volume production. The company has also been emphasizing on partnering with end users, e.g., Boeing and Ford, to explore future applications and build systems for large-scale manufacturing.

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SLM Solutions is focused on the development, production, and distribution of its SLM systems. The company mainly focuses on adopting inorganic strategies to expand its business. Among all, expansion has been one of the major strategies adopted by SLM Solutions in recent years. In November 2015, SLM Solutions Group AG expanded its business by opening a new office in Shanghai, China, to remain functional in the Chinese market. The company transformed its 3,000 ft2 office located in Novi, Michigan, to an up-to-date 7,170 ft2 office and showroom. It has been increasingly investing in R&D as it is focused on 40 different projects targeting materials research, build chamber expansion, build rate improvement, etc. The company has been working with Nanyang Technical University (NTU) in a cooperation venture since September 2014 on fundamental research in industrial technology.

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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Hardware Encryption Market by Product Type - Forecast to 2025

 

The hardware encryption market is expected to be valued at USD 262 million in 2020 and reach USD 313 million by 2025, growing at a CAGR of 3.6%. The primary reasons for this rise in demand are the increasing demand for smartphones, online and digital content which is attracting the market for hardware encryption products and solutions.

Solid- State drive product segment is expected to grow at the highest CAGR during the forecast period.

With development in the technology related to Solid- State drive (SSD) for instance, the development of Self-encrypting drive (SED) used in SSD is one of the reasons for the growth of this product segment in the forecast period. Moreover, the usability and relatability of the product have attracted customers of various industries to adopt the use of SSDs.

The market for consumer electronics application to share the largest market share in 2020.

As smartphones, laptops, and computers are being manufactured in the assembly with hardware-enabled devices, the supply function has helped in the growth of hardware encryption. Many electronic devices are being mandatory to implement encryption to store confidential data, thus resulting growth of consumer electronics applications.

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India, by country, is expected to grow at the highest CAGR during the forecast period.

India being a progressing in maintenance, repairing and operations of aircrafts, advancement in IT & Telecom infrastructure and an emerging hub for healthcare has led to the highest CAGR growth of India in the forecast period.

Key market players

Key players in the hardware encryption market include Western Digital (US), Samsung (South Korea) and Micron (US). Western Digital is a well-known player for providing innovative and advanced hardware encryption solutions and products in the hardware encryption market. Strong brand name and customer base are among the key factors that resulted in the leading position of Samsung in the hardware encryption market. Apart from the strong brand name and customer base, the company has strong R&D capabilities and geographic presence. Samsung focuses on strategies such as product launches and product development to strengthen its product portfolio and maintain its position in the hardware encryption 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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Hardware Encryption Market worth $313 million by 2025

 

According to a research report "Hardware Encryption Market by Product Type (External HDD, Internal HDD, Solid-state drive, Inline Network Encryptor, USB Flash Drive), Application (Consumer Goods, Aerospace and Defense, Transportation, Healthcare, and Others) and Region - Forecast to 2025", published by MarketsandMarkets, the overall hardware encryption market is expected to be valued at USD 262 million in 2020 and reach USD 313 million by 2025, growing at a CAGR of 3.6%. The primary reasons for this rise in demand are the increasing demand for smartphones, online and digital content, which is attracting the market for hardware encryption products and solutions.

The solid-state drive product segment is expected to grow at the fastest CAGR in the forecast period

The solid-state drive product segment accounted for the growth at the fastest CAGR in the forecast period. SSDs have become a basic product for storing data for both commercial and domestic applications. Many IT firms use SSDs for storing their significant data as this product is portable in nature and provide security at the optimum level.

Consumer electronics application is expected to share the largest market share in 2019

The consumer electronics application accounted for the largest share of the hardware encryption market in 2019. This is because of the growing demand for encryption enabled products in consumer electronics such as laptops, tablets, and smartphones, due to increasing concern over data security and confidentiality in these devices.

US in North America by country, share the largest market share in 2019 the forecast period

The US accounted for the largest share of the hardware encryption market in North America in 2020. The country is home to many hardware encryption companies that manufacture hardware-encrypted enabled products. Furthermore, with growing investments in research and development happenings, the exigent demand for encryption-enabled products is expected to witness in the US in the coming tenure.

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Key players in the hardware encryption market include Western Digital Corp. (US), Samsung Electronics Co. Ltd. (South Korea), Micron Technology Inc. (US), NetApp (US), Kingston Technology Corp. (US), Seagate Technology PLC (Ireland), KIOXIA (Japan), Kanguru Solutions (US), Intel (US), WinMagic Inc. (US), Maxim Integrated Products, Inc. (US), Thales e-Security (US), Mcafee (US), Broadcom (US), IBM (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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Market Leader - Industrial Communication Market

 

The industrial communication market is estimated to be valued at USD 17.3 billion in 2020 and is projected to reach USD 23.5 billion by 2025, at a CAGR of 6.3%. This estimation factors in the impact of the COVID-19 pandemic on the market. The major driving factors are growing need for scalable, faster, reliable, and interoperable communication protocols. Increase in use of digital twin to safely monitor smart manufacturing operations is also expected to drive the industrial communication market growth during the forecast period. The persistent rise in machine-to-machine communication is another key factor that is expected to propel the growth of the market.

In 2019, the industrial communication market was mainly dominated by Cisco (US), Siemens (Germany), Rockwell Automation (US), OMRON (Japan), Moxa (Taiwan), Huawei Technologies (China), SICK (Germany), Schneider Electric (France), Belden (US), Advantech (Taiwan), Mitsubishi Electric (Japan), and and ABB (Switzerland). Product launches and developments, expansions and acquisitions have been the most dominating strategies adopted by major players from January 2018 to July 2020, which helped them to innovate on their product offerings, cope up with the COVID-19 outbreak and broaden their customer base.

Top 2 players in the Industrial Communication Market are:

Cisco (US)

Cisco Systems specializes in developing Internet Protocol-based (IP-based) networking technologies. The company designs and sells a broad range of products, provides services, and delivers integrated solutions around the world to develop and connect networks that build the Internet.

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It operates through 5 segments: Infrastructure Platforms, Services, Applications, Security, and Others. Its service offerings include technical support services and advanced services-as-solutions, including cloud, video, mobility, security, collaboration, and analytics.

Siemens (Germany)

Siemens is positioned globally in the fields of electrification, automation, and digitalization. It is a leading supplier of systems for power generation and transmission, and medical diagnosis. The company also plays a pioneering role in infrastructure and industrial solutions.

Siemens operates its industrial business through the Gas and Power, Digital Industries, Smart Infrastructure, Siemens Healthineers, Siemens Gamesa Renewable Energy, and Mobility segments. The Digital Industries segment offers a wide-ranging product portfolio and systems solutions for automation in discrete and process industries. These offerings comprise automation systems and software for factories, motors, numerical control systems, drives, and inverters, and integrated automation systems for machine tools and production machines. This segment also provides process control systems, machine-to-machine communication products, and radio frequency identification systems.

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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Market Leadership - Sports Technology Market

 

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).

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.

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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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

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USA: 1-888-600-6441

Market Leadership - 8K Technology Market

 

The 8K technology market is projected to reach USD 26.8 billion by 2024 from USD 2.9 billion in 2019 growing at a CAGR of 55.5%.

The growth of the 8K technology market is driven by the features it offers such as enhanced picture quality, high-quality photography and videography, and other factors such as increased demand for larger-sized TVs with higher resolution; advancements in display technology, financial assistance by governments, and expansion of production capabilities for 8K UHD display panels; and availability of various products for the creation and delivery of 8K content.

8K broadcast in sports and entertainment; proliferation of 5G and increasing on-demand content; growth potential in digital signage space; and strong demand for 8K technology from several APAC countries are likely to create opportunities for 8K product manufacturers in the near future.

Key strategies implemented by major players include product launches and developments, partnerships and collaborations, and acquisitions. Samsung Electronics (South Korea), LG Electronics (South Korea), Sony (Japan), and Sharp (Foxconn) (Japan) are among a few prominent players who adopted the strategy of product launches and developments. For instance, in January 2019, Samsung Electronics showcased a 98-inch QLED 8K TV at CES 2019. It has a resolution of 7680Hx4320, high light output, and full-array local dimming.

Samsung’s vision is to explore new markets and gain more customers by introducing innovative technologies. The company has a broad product portfolio that includes smartphones, tablets, laptops, LCD and QLED TVs, and cameras that can be very well integrated with the 8K technology in the coming years. Product development and acquisitions are the key strategies adopted by Samsung. In December 2018, Samsung unveiled the largest onyx cinema LED screen in the world at Beijing Capital Cinema. It featured 4K resolution, HDR picture quality, and peak brightness level of 88fL—nearly 6 times greater than standard projector technologies.

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LG has been instrumental in introducing the latest trends and technologies in consumer electronics. The company launched several 3D, UHD, and OLED TVs. LG believes in remaining up-to-date with the latest technology; hence, it introduced 8K TVs and is committed to lead the ultra-premium market with its 8K OLED TV technology. The company invests a significant portion of its revenue in R&D activities, which has helped it to maintain its leading position in the market. LG is one of the leading providers of electronic appliances, with strong global presence and a wide customer base particularly in Korea. In August 2018, LG introduced the world’s first 8K OLED TV at IFA 2018, featuring over 33 million self-emitting pixels.

Sony is engaged in the development and production of various kinds of electronic equipment, instruments, and devices for consumers, professionals, and industrial markets such as network services, hardware and software for gaming platforms, televisions, audio and video recorders and players, still and video cameras, mobile phones, and semiconductors. It focuses on product launches and developments to strengthen its product portfolio. In the recent past, the company launched its 8K TV at CES 2019. Sony claims that it has come up with a proprietary algorithm for upscaling 4K content to near-8K quality. Its system uses an 8K database for even more precise, detailed upscaling.

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Major Players in the Infrared Imaging Market

 

The infrared spectrum typically ranges from wavelengths of 0.7 μm to 1 mm. Imaging in this range requires infrared imaging cameras that can convert the radiation of objects in the infrared range to a measurable form. The infrared imaging market is expected to grow from USD 5.8 billion in 2020 to USD 8.3 billion by 2025; it is expected to grow at a CAGR of 7.6% during the forecast period. Security and surveillance, and monitoring and inspection are the key verticals, which dominate the infrared imaging market and also contribute significantly to its growth.

Major players in the infrared imaging market have primarily adopted product launch strategy to strengthen their position in the market.

FLIR Systems (US) and Fluke (US) are among the major players in the infrared imaging market. FLIR Systems is a prominent company in the infrared imaging market with a strong and well-known infrared imaging product portfolio consisting of various LWIR, MWIR, and SWIR technology-based products. The company is further trying to expand its portfolio by introducing new products. In October 2020 it launched five new products: FLIR Elara FR-345-EST (fixed-mount radiometric thermal security camera), and four new advanced thermal imaging cameras (E96, E86, E76 and E54). The company also focuses on other strategies such as contracts, and partnerships to strengthen its presence in the infrared imaging market. In addition to the extensive product portfolio, the company’s strong brand image, customer base, and wide geographic reach have helped it attain a leading position in the infrared imaging market.

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Fluke (US) is another well-known player in the infrared imaging market. The company has a strong portfolio consisting of several award-winning LWIR technology-based products. Fluke has stressed on the product launch strategy to further broaden its product portfolio and strengthen its grip on the infrared imaging market. The company’s geographic reach is another major factor contributing to its strong position in the infrared imaging market. Fluke has manufacturing centers in the US, the UK, Asia, and the Netherlands; and sales and services subsidiaries in North America, Europe, South America, Asia, and Australia.

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Market Leadership - Laser Technology Market

 

The Laser technology market size is expected to grow from USD 11.7 billion in 2020 to USD 17.6 billion by 2025, at a CAGR of 8.6%. Increasing demand from healthcare vertical and Better performance of lasers over traditional material processing techniques are the key factors driving the growth of the Laser technology market.

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

Coherent (US): Coherent is an industrial and fiber laser solutions provider and deals in technologies such as diode-pumped solid-state laser, fiber laser, gas laser (CO, CO2, excimer, and Ion), optically pumped semiconductor laser (OPSL), semiconductor laser, and ultrafast laser. These laser technologies have applications in several verticals, including healthcare, scientific research, electronics, military & defense, and manufacturing.  Coherent has also been investing in R&D to develop and acquire new technologies and additional market share by streamlining its manufacturing structure and improving the cost structure. The company is focused on developing innovative and proprietary laser and optical products and solutions. The company is strengthening its laser portfolio, such as solid-state, CO, pulsed-fiber, direct diode, and excimer laser, with an aim to improve performance and reduce process cost to expand its customer base.

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Trumpf (Germany): Trumpf manufactures machine tools, including machines & systems, lasers, power electronics products, power tools, and smart factory solutions, and offers software and services for automotive, manufacturing, construction, electronics, power & energy, aerospace & defense, engineering, and medical & healthcare verticals. Trumpf is a publicly listed company. The company operates through 2 business segments—Machine Tools and Laser Technology. The Machine Tools segment deals with systems for laser processing, bending, punching, combined punch, laser cutting, and welding applications. The Laser Technology segment deals with lasers for marking, cutting, welding, and surface treatment applications. The company is in the process of expanding its already broad laser processing solutions portfolio. Additionally, the company focuses on increasing its footprint across the globe. For instance, in May 2018, it invested ~USD 27 million in its Chinese subsidiary, JFY, and its Chinese division, TRUMPF China, to expand its production capacity.

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441