3D Printing Market worth $34.8 billion by 2026

According to a research report "3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, Technology, and Geography - Global Forecast to 2026", published by MarketsandMarkets, the global 3D printing market size is expected to grow from USD 12.6 billion in 2021 to USD 34.8 billion by 2026, at a CAGR of 22.5%. Increased demand for healthcare supplies due to the COVID-19 outbreak and the potential to improve manufacturing processes and enhance supply chain management have created opportunities for the providers of 3D printing solutions in the market. However, factors including limited availability and high cost of materials, limitation of product size, lack of standard process control, and the threat of copyright infringement might hamper the growth of the overall market in the coming years.

The coronavirus pandemic has severely disrupted the supply chains across the globe. Shutdowns of major manufacturing hubs, coupled with the increasing demand for medical supplies, have created the need to produce essential supplies using 3D printing. Several hobbyists, startups, and small enterprises have contributed to the manufacture of nasopharyngeal swabs, ventilator valves, face shields, and other personal protective equipment. In North America, the NIH 3D Print Exchange, FDA, the Veterans Healthcare Administration, and America Makes have collaborated to develop surgical face mask which includes 3D printed elastic straps and filter material that are fabricated using SLS or MJF technology. Moreover, the University of Wisconsin-Madison Department of Surgery has developed a negative pressure isolation head box, which uses 3D printing to produce glove grommets. Similarly, the Texas A&M University has developed isolation chambers that work as a physical barrier for contaminated patients; and comprise CNC cut vinyl and 3D printed parts.

Printers segment is expected to hold the largest market share during the forecast period

The printers segment captures the largest share of the 3D printing market. It mainly includes industrial and desktop printers. 3D printing has gained exceptional traction during the past decade owing to the multiple advantages of 3D printers over traditional manufacturing processes. The production process offers a range of advantages, such as design flexibility, rapid prototyping, print-on-demand, minimal wastage, fast designing and production, ease of access, and time and cost efficiency, amongst others. The accessibility of 3D printers across the globe with the increasing availability of local service providers has reduced the time and logistics, and transport costs compared to traditional manufacturing processes produced abroad in China. Since it is a single-step manufacturing process, 3D printing saves time and costs associated with using different machines for manufacturing. The rising adoption of 3D printing in verticals, such as aerospace & defense, industrial, automotive, consumer products, healthcare, provides opportunities for the 3D printer market.

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Industrial vertical is estimated to be the dominating market during the forecast period

The 3D printing market for the industrial vertical accounts for the largest market share of 3D printing. Rising trends of smart manufacturing, robotics, industrial services, and cloud applications provide opportunities to the 3D printing market for the industrial vertical. From jigs and fixtures to end-of-arm tooling, the industrial vertical is shifting its adoption of 3D printers for applications from prototyping to end products. Companies using 3D printers in various industries can create custom, low-volume tooling and fixtures at a lower cost than traditional prices. This gives more time to designers and engineers to spend on revenue-generating parts. Small manufacturers get the same benefit with a 3D printer as Tier 1 global manufacturers, which helps them improve and expedite processing while mitigating downtime.

The Asia Pacific is expected to grow at the highest rate

The growth is driven by the rising adoption of 3D printing technologies in various verticals, including automotive, consumer products, healthcare, and industrial. China is the key country contributing to the growth of 3D printing in the APAC region. The Action Plan, which forms part of the ‘Made in China 2025’ strategic roadmap for the country’s manufacturing sector, outlines long-term ambitions and development goals to make China one of the leading 3D printing nations. One of the important aspects of the plan is a goal to introduce over 100 AM pilot projects across ten key industries, including the medical, cultural, educational, and Internet sectors.

Major players in the 3D printing market include Stratasys (US), 3D Systems (US), Materialise (Belgium), EOS (Germany), GE Additive (US), ExOne (US), voxeljet (Germany), HP (US), SLM Solutions (Germany), Renishaw (UK), Protolabs (US), CleenGreen3D (Ireland), Optomec (US), Groupe Gorgé (France), Ultimaker (The Netherlands), Beijing Tiertime (China), XYZprinting (Taiwan), Höganäs (Sweden), Covestro (Royal DSM) (Germany), Desktop Metal (US), Nano Dimension (Israel), Formlabs (US), Carbon (US), TRUMPF (Germany), and Markforged (US) among others.

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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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What is the current size of the global bank kiosk market?

 

The bank kiosk market is expected to grow from USD 744 million in 2021 to USD 1,311 million by 2026, at a CAGR of 12.0%.

Who are the winners in the global bank kiosk market?

Some of the key companies operating in the bank kiosk market are NCR Corporation (US), Diebold Nixdorf (US), GLORY LIMITED (Japan), GRGBanking (China), KAL ATM Software GmbH (Germany), and so on. These players have adopted various growth strategies such as product launches/developments, partnerships/contracts/ collaborations/acquisitions to expand their global presence and increase their share in the global bank kiosk market.

What are the major drivers for the bank kiosk market?

The factors such as rising demand for self-service in banking and financial services applications, enhanced customer services offered by banking kiosks, and reduction in overall operational costs have proved to be the major driving forces for bank reality market.

Which is the highest growing kiosk by type in the bank kiosk market?

Multi-function Kiosk held the highest share in 2020. Factors such as less capital expenditure in application development, equipment purchases, installation, and maintenance are pushing the banks to adopt multi-function kiosks over single-function kiosks.

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What are the impact of COVID-19 on the global bank kiosk market?

The COVID-19 outbreak has adversely impacted the supply chain of the bank kiosk market, as some of the prominent players are based in China, which is the epicenter of the pandemic. Currently, the key market players are focusing on maintaining and generating operating revenue, due to which there were limited developments in the market in 2020. However, the impact of COVID-19 is expected to reduce during the forecast period.

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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Who are the major players operating in the IIoT market?

 

The major market players include are Huawei (China), Cisco (US), GE (US), Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Honeywell (US), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and SAP (Germany). ABB, Huawei, Cisco, Siemens, and IBM account for around 41% of the total revenue.

How will the rapid growth in agriculture vertical impact the growth rate of the overall IIoT market?

The global manufacturing vertical is transforming with the introduction of new approaches and technologies, such as smart factories, cyber-physical systems, and intelligent robotics. Governments of countries such as Germany, the UK, France, the US, China, and India have launched several initiatives to advance their manufacturing verticals. These factors are encouraging manufacturers to increase their investments for the adoption of IIoT solutions. .

How big is the opportunity for the Industrial IoT Market? How rising adoption of smart beacons technology can help grasp this opportunity?

Smart beacon technology has emerged as an alternative for Wi-Fi in the retail vertical. It is expected to witness increased demand from commercial enterprises and connected homes, and in personal assets tracking applications. Small and large-scale retailers use this technology for collecting data and sending targeted notifications to prospects and customers who have downloaded their apps.

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Key Market Players

The leading players in the industrial IoT market are Huawei (China), Cisco (US), GE (US), Intel (US), Rockwell Automation (US), ABB (Switzerland), Texas Instruments (US), Honeywell (US), IBM (US), KUKA AG(Germany), NEC Corporation (Japan), Bosch.IO (Germany), Siemens AG (Germany), and SAP (Germany).

Networking technology to dominate the IIoT Market

Networking technologies accounted for the largest market share in 2021. Networking technologies, especially wireless technology, are the backbone of IIoT. Numerous machines and sensor nodes are connected to the Internet using these technologies to facilitate machine-to-machine communication. These technologies also enable the collection of large volumes of data for improved decision-making. An extensive range of wireless communication technologies are available based on connectivity range, power requirements, and data transfer rates. The industrial sector is relying increasingly on cellular technologies for machine-to-machine communication.

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 - Data Center Accelerator Market

 

The global data center accelerator market was worth USD 13.7 billion in 2021 and is estimated to reach USD 65.3 billion by 2026, at a CAGR of 36.7% between 2021 and 2026.  Factors such as growth of cloud-based services and focus on parallel computing in AI data centers are driving the growth of the market during the forecast period.

Intel holds a strong product portfolio in the data center accelerator market. The company focuses on developing innovative products and solutions. It focuses on strengthening the product development team across the globe for innovations. It helps make changes and extends its product line regularly. The R&D team focuses on developing processors for different industries and maintaining an advantage over competitors. The company focuses on strategic partnerships and acquisitions for profitable and sustainable growth. It offers a wide range of products in the processor segment. It aims to provide its customers with value-added products and focuses on emerging technologies. The company’s diverse production facilities will strengthen future growth opportunities and business expansion plans.

NVIDIA is among the global leaders in the visual computing business. It has been a prominent player in providing hardware and solutions. The company’s broad range of product offerings across its major business segments of hardware, software, and services allows it to serve various verticals. It has a well-established geographic footprint and deals with major OEMs/ODMs across the world. The company continues to lead in the development of new products for the AI industry. NVIDIA DGX systems is one of the most prominent portfolios of purpose-built AI supercomputers introduced by the company. It has a strong focus on R&D, which helps establish a strong position in the data center accelerator market.

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AMD offers a wide array of products pertaining to computer processors and related technologies for the business and consumer markets. The company has focused on product development and launches, collaborations, and partnerships to compete in the data center accelerator market. It offers various products related to processors and GPU for customers and businesses. The company focuses on launching innovative and high-performance processors and GPU-related products. This has led to an increase in the scalability of its operations across various countries and has helped it establish a large base of customers, which use its products. The company has also ensured using next-generation 7nm fabrication technology in most of its chips, delivering improved performance to multiple product portfolios. This has helped the company to tap alternative end-product portfolios, such as gaming consoles.

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.

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USA: 1-888-600-6441

What are the drivers and opportunities for the photoelectric sensor market?

 

Factors such as extensive use of photoelectric sensors in different industries, increased adoption of retroreflective photoelectric sensors in various applications, and surged adoption of industrial robots across several regions are the major factors driving the growth of the photoelectric sensor market. Moreover, increasing demand for photoelectric sensors for packaging applications from food and beverages industry serves as a major opportunity in this market.

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Who are the major consumers of photoelectric sensors that are expected to drive the growth of the market in the next 5 years?

The major consumers for photoelectric sensor solutions are the industrial manufacturing, consumer electronics, packaging, and building automation applications are expected to have a significant share in this market. .

What are the opportunities for new market entrants?

There are significant opportunities in the photoelectric sensor market for start-up companies. Emergence of smart photoelectric sensors, growing trend of miniaturization of sensors and ongoining industrial digitization are some of the key opportunities for new market entrants.

Which is the potential market for photoelectric sensors in terms of region?

The APAC region is expected to dominate the photoelectric sensor market due to the rising population, relaxed government initiatives and rising penetration of automobiles in countries in APAC are expected to further drive the market in the near future.

Which are the major companies in the photoelectric sensor market? What are their major strategies to strengthen their market presence?

The major companies in the image sneers market are – Omron Corporation (Japan), Keyence Corporation (Japan), SICK AG (Germany), Schneider Electric (France), and Rockwell Automation Inc. (US). The major strategies adopted by these players are product launches and developments and acquisitions.

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

How big is the opportunity for the 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%. Focusing on healthcare vertical and optical communications application can help companies to grow in the Laser technology market.

Which are the recent industry trends that can be implemented to generate additional revenue streams?

Adoption of laser technology for quality check across various verticals and growing adoption of laser technology for optical communications application are some of the major industry trends in this Laser technology market.

Who are the major players operating in the Laser technology detection market? Which companies are the front runners?

Coherent, IPG Photonics, Trumpf, Lumentum, Jenoptik, Novanta, Lumibird, Laser Star, Epilog Laser, Han’s Laser, MKS Instruments, Gravotech, 600 Group, Eurolasers, Bystronic Lasers, Toptica Photonics, Photonics Industries, Focuslight Technologies, Corning Incorporated, and Access Lasers are some of the major vendors in the market.

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What are the major applications of laser technology market?

Laser processing and Optical communications are maor applications of laser technology market.

How will the increasing adoption of laser technology across telecommunication segments impact the growth rate of the overall market?

Laser technology enables faster and secure data transmission while consuming a low amount of power. Lasers allow efficient and higher bandwidth communication. Laser technology is the most crucial aspect of the World Wide Web; without laser communication, one would not be able to download images, music, and video files quickly. .

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

Thin Wafer Market with COVID-19 impact analysis - Global Forecast to 2025

 

The global thin wafer market is estimated to be USD 10.8 billion by 2025 from USD 7.6 billion in 2020 (estimated year), at a CAGR of 7.2% between 2020 and 2025. The growth of the thin wafer market is fueled by rising adoption of MEMS technology in portable health monitoring devices, reducing sizes of electronic devices, growing smartphone and consumer electronics markets, and high amount of material saving. Moreover, growing demand for telecommunication systems owing to the increasing focus towards e-learning amid COVID-19 is expected to propel the thin wafer market.

COVID-19 Impact on the Global Thin Wafer Market

The thin wafer market includes major Tier 1 and 2 suppliers like Shin-Etsu Chemical Co., Ltd., SUMCO Corporation, Global Wafers Co., Ltd., Siltronic, and SK Siltron. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, America, and RoW. Thin wafers supplied by these companies are used by end-use industries such as consumer electronics, automotive, industrial, medical and few others. Covid-19 not only impacted the operations of the thin wafer market players, but also affected the businesses of companies from the above-mentioned industries. A decline in demand for MEMS products from the automotive and consumer electronics industries is also expected. Also, consumers have reduced their spending on expensive products, such as premium smartphones, wearables, and smart home systems. Product features are being considered as a second priority, and basic functionalities are being preferred. All these factors are expected to negatively impact the thin wafer market.

300 mm wafers expected to grow at the highest CAGR during the forecast period

An exponential use of 300 mm wafers in LED applications due to the greater yield offered by these wafers is fueling the growth of the thin wafer market across the world. It has become highly essential for LED manufacturers to achieve economies of scale and improve profitability, which is offered by these wafers. Also, the increasing number of operational 300 mm wafer fabrication facilities is expected to create a significant rise in demand for 300 mm wafers.

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Wafer dicing technology to account for largest market share of the thin wafer market in 2019

Wafer dicing dominated the thin wafer market in 2019. The growth can be attributed to the increasing demand for high-speed dicing coupled with superior breakage strength. Also, the requirement for smaller, higher performing, and lower cost device configuration for use in applications such as memory devices, logic devices, power devices, and sensors is expected to contribute toward the growth of the wafer dicing equipment market during the forecast period.M.

Key Market Players

The thin wafer market is dominated by a few globally established players such as Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), and SK Siltron (South Korea).

 

 

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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Mr. Aashish Mehra

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Which type of Optical sorter are expected to drive the growth of the Optical sorter market in the next 5 years?

 

Cameras are expected to hold largest share of optical market during forecast period from 2020 to 2025. Camera-based optical sorters are more accurate and can detect minute defects in products; therefore, these optical sorters are preferred in various applications. Cameras are widely used in food sorting applications to sort vegetables and fruits, dried fruits and nuts, and cereals, grains, and pulses. Based on flexibility, monochromatic, bichromatic, and trichromatic cameras that have the capability to detect minute infractions in products, both within and outside of the visible light spectrum, are available in the market.

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Which are the major companies in the optical sorter market? What are their major strategies to strengthen their market presence?

TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder+Co (Austria), Satake Corporation (Japan), Allgaier Werke (Germany), Hefei Meyer Optoelectrionic Technology (China), TAIHO (China), Daewon GSI (South Korea), Cimbria (Denmark), CP Global (US), GREEFA (Netherlands), National Recovery Technologies (US), NEWTEC (Denmark), Pellenc ST (France), Raytec Vision (Italy), Sesotec (Germany), and STEINERT (Germany) few major players in the optical sorter market. Most of the leading companies have used product launches as key strategy to boost their revenues.

Which is the best region to invest for this market?

The optical sorter market in APAC is expected to grow at the highest CAGR during the forecast period. In APAC, industries are focusing on automation to increase productivity and quality. Growing automation in the application areas of the market is also expected to create demand for optical sorters in this region. Other concerns supporting the adoption of automation in APAC countries include labor shortage and increasing labor costs.

Which application of Optical sorter is expected to hold the largest share during the forecast period?

The optical sorter market for food applications is expected to grow at the highest CAGR during the forecast period. The growing demand for high-quality food products within shorter delivery cycles and growing automation are major factors driving growth in the optical sorter market for food applications. Recycling forms the second-largest application segment in the optical sorter market. Optical sorter market for recycling application expected to grow at the second highest CAGR from 2020 to 2025. In recent years, many developed and developing countries have introduced specific recycling and environmental performance targets aimed at encouraging people to recycle waste. Optical sorters sort reusable materials by separating them from the waste stream and which can be used as raw materials for new products. In the recycling industry, the NIR type of optical sorters is extensively used to sort waste materials, such as mixed plastics (PET, PP, PVC, and others), mixed paper, glass, construction and demolition (C&D), and municipal solid waste (MSW) materials..

Which platform of Optical sorter will be in great demand during the forecast period?

The optical sorter market for belt platforms is expected to grow at the highest CAGR from 2020 to 2025. Belt sorting equipment is widely used in various applications such as food, recycling, and mining, as they provide higher sorting accuracy and a low carryover ratio. Belt sorting equipment has high-performance capabilities for fresh, frozen, and dried vegetables and fruits, processed potato products, and nuts. This process minimizes the risk of food contamination further down the line and leads to improved product quality. .

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

Data Center Accelerator Market by Processor Type, Type, Application | COVID-19 Impact Analysis | MarketsandMarkets

 

The global data center accelerator market size is projected to grow from USD 13.7 billion in 2021 to USD 65.3 billion by 2026; it is expected to grow at a CAGR of 36.7% from 2021 to 2026. Factors such as growing demand for deep learning and surge in demand for cloud-based services are driving the growth of the market during the forecast period.

COVID-19 Impact on the Global Data center accelerator market

Post COVID-19, the manufacturing sector is expected to scale up smart manufacturing processes using AI, IoT, and blockchain technologies. By adopting these technologies, companies can cut costs, increase process efficiency, and reduce human contact significantly. Currently, AI is being used for predictive maintenance and will further be implemented to forecast demand and returns in the supply chain.

COVID-19 has impacted the educational industries rather positively, with ed-tech companies adopting AI technology to impart education during the lockdown. Ed-tech firms have deployed AI tools to enhance online learning and virtual classroom experience for students. For instance, Coursera has launched an AI-powered tool called the CourseMatch that helps schools and universities identify courses on the platform that matches their curriculum. Furthermore, a personalized online tutorial company Squirrel AI uses AI-based adaptive learning to curate lessons for a student.

Several industries are worse hit by this pandemic, but some industries are benefiting from this pandemic. However, the adoption of AI is expected to grow. Therefore, we can say the COVID-19 will drive the data center accelerator market for certain industries.

COVID-19 has impacted the educational industries rather positively, with ed-tech companies adopting AI technology to impart education during the lockdown. Ed-tech firms have deployed AI tools to enhance online learning and virtual classroom experience for students. For instance, Coursera has launched an AI-powered tool called the CourseMatch that helps schools and universities identify courses on the platform that matches their curriculum. Furthermore, a personalized online tutorial company Squirrel AI uses AI-based adaptive learning to curate lessons for a student.

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Several industries are worse hit by this pandemic, but some industries are benefiting from this pandemic. However, the adoption of AI is expected to grow. Therefore, we can say the COVID-19 will drive the data center accelerator market for certain industries.

The data center accelerator market is dominated by a few globally established players such as Intel Corporation (US), Google. Inc (US), NVIDIA Corporation (US), Xilinx Inc. (US), IBM Corporation (US), Advanced Micro Devices, Inc (US), Marvell Technology (Hamilton), and Qualcomm Technology (US).

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

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

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

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Data Center Accelerator Market worth $65.3 billion by 2026

 

The report "Data Center Accelerator Market by Processor Type (CPU, GPU, FPGA, ASIC), Type (HPC Accelerator, Cloud Accelerator), Application (Deep Learning Training, Public Cloud Interface, Enterprise Interface), and Geography - Global Forecast to 2026", size is projected to grow from USD 13.7 billion in 2021 to USD 65.3 billion by 2026; it is expected to grow at a CAGR of 36.7% from 2021 to 2026.

The key factors contributing to the growth of the data center accelerator market include growth of cloud-based services, focus on parallel computing in AI data center and deep learning usage in big data analytics, However, The burgeoning application of AI in various sectors has enhanced consumer perception and expectations from AI technologies. However, the lack of availability of low-cost and energy-efficient hardware, especially computing hardware, is hindering the growth of dedicated AI hardware such as deep learning accelerators. Various AI technologies built to date have failed to make a larger impact in the AI market. For instance, owing to the high cost of data center accelerators such as NVIDIA Tesla products, a majority of data center manufacturers are reluctant about adopting those accelerators in their products. For cloud server inference applications, numerous FPGAs are being developed to perform tasks such as enhancing security and fast computing; however, technical constraints and the high cost of reliable mechanical devices are curbing data center accelerator adoption.

FPGA is likely to register high CAGR

The market for FPGA is growing at the highest CAGR of 43.1% during the forecast period. The growth of the market for FPGA is attributed to the increasing adoption of FPGAs for the acceleration of enterprise workloads. With the exponential data growth, data center operators have to establish a balance between the need for the performance at scale and the operational efficiencies. To boost performance and power efficiencies, data centers are most widely adopting Intel Xeon Scalable processors to support data-intensive performance requirements.

APAC exhibit the highest CAGR during the forecast period

The market based on geography has been segmented into 4 main regions: North America, Europe, APAC, and RoW. APAC is projected to grow at the highest CAGR of 42.7% during the forecast period. The growth of the market in APAC is attributed to the increasing demand for data centers in China, as organizations seek enhanced connectivity and scalable solutions for their growing businesses. Also, there is an increase in investments by the Government of China to stimulate technological development, which has led to the large adoption of cloud-based services, big data analytics, and the Internet of Things (IoT).

The data centers are likely to consume approximately one-fifth of global energy by the end of 2026.

The enormous growth in data generation due to IoT and AI has led to the demand for higher data processing capabilities at data centers while keeping a check on power efficiency, data cementer cooling requirements, and space used for data centers. The data centers are likely to consume approximately one-fifth of global energy by the end of 2026. Governments around the world are focusing on the means to reduce data center energy consumption. These initiatives are expected to boost parallel computing in data centers, which, in turn, would boost the data center accelerator market during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48984803

The key players operating in the data center accelerator market are Intel Corporation (US), Google. Inc (US), NVIDIA Corporation (US), Xilinx Inc. (US), IBM Corporation (US), Advanced Micro Devices, Inc (US), Marvell Technology (Hamilton), and Qualcomm Technology (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

About MarketsandMarkets™

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

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

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

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441