Leading Players in the Printed Electronics Market

 

The global printed electronics market is projected to reach USD 23.0 billion by 2026 from an estimated USD 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. Major factors driving the growth of the market include increased demand for printed electronic products in automotive and transportation industry and growth of the consumer electronics industry.

Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (US), Agfa-Gevaert Group (Belgium), Palo Alto Research Center Incorporated (PARC) (US), DuPont de Nemours, Inc. (US), Nissha Co., Ltd. (Japan), BASF (Germany), NovaCentrix (US), and E Ink Holdings Inc. (Taiwan); are some of the key players in the printed electronics market. These players have adopted various growth strategies, such as product launches, expansions, partnerships, collaborations, agreements, and acquisitions to retain their presence in the printed electronics market. Product launches has been the most dominating strategy adopted by the key players from January 2019 to December 2021 to help them strengthen their product portfolio and broaden their customer base.

Samsung Electronics Co., Ltd. (South Korea)

Samsung Electronics is a multinational conglomerate that has various subsidiaries. It offers advanced display solutions and is one of the leading technology companies in consumer electronics and semiconductor products in the world. The company is focused on collaborating with its customers and establishing a close network of partners. The company has gained significant traction in the printed displays market across different geographies such as Asia, Europe, and the Americas. It has tie-ups with several technologically advanced suppliers of printed electronics components across the world.

LG Display Co., Ltd. (South Korea)

LG Display is one of the leading global suppliers of printed displays and OLED lighting panels used in television sets, smartphones, monitors, etc. The company has adopted inorganic growth via partnerships, collaborations, and acquisitions to meet customer requirements for advanced printed displays. It has partnered with Apple, Inc. (US) and 3D Box (South Korea) to develop and launch products in the printed electronics market. These partnerships have enabled the company to achieve synergy in terms of technology and revenue generation.

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Molex, LLC (US)

Molex, LLC (US) focuses on providing major printed electronic devices such as printed circuit board assemblies and LEDs and related services and innovative technologies to its customers. The company has uniquely aligned its businesses, both internally and externally. It has partnered with a few key players to strengthen its capability to produce new printed electronics devices and components and take advantage of a wide range of opportunities in the rapidly growing printed electronics market

Agfa-Gevaert Group (Belgium)

Agfa-Gevaert Group (Belgium) offers advanced material development technologies for printed electronics and digitally fabricated PCBs. The company mainly focuses on establishing its position in emerging markets and enhancing its printed electronics market. Also, the company focuses on developing innovative products that meet the requirements of consumers in different countries.

Palo Alto Research Center Incorporated (PARC) (US)

PARC is driven by innovations and focuses on increasing its patent base. Its customers are Fortune 500 companies, Global 1000 companies, and government agencies. PARC invests in R&D activities to innovate and enhance its portfolio. The growing focus of PARC on partnerships has led to its unmatched performance and improvement in operational efficiency, thereby leading to the expansion of its business.

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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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Autonomous Underwater Vehicle (AUV) Market Size Global Forecast to 2026

The Autonomous underwater vehicle (AUV) market is estimated to be valued at USD 1.5 billion in 2021 and reach USD 4.3 billion by 2026, at a CAGR of 23.1% between 2021 and 2026.

The Increasing capital expenditure of companies in offshore oil & gas industry, and rising defense spending in several countries worldwide are the key factors driving the growth of the market. Likewise, Development and incorporation of advanced technologies in AUVs are expected to create lucrative opportunities for the players in the Autonomous underwater vehicle (AUV) market. However, high operational costs of AUVs are expected to restraint market growth.

Torpedo AUVs will have the highest growth in the coming years

Torpedo AUVs is expected to account for the highest growth of the overall Autonomous underwater vehicle (AUV) market by 2026. Torpedo AUVs are widely adopted worldwide owing to their hydrodynamic shape, which results in less drag, high speed, and improved efficiency. They have an optimum surface area of the hull that makes them suitable for use in deep waters without compromising on their speed.

Sensors segment of AUV payload market is expected to hold the largest share in 2026

The large market size of the sensors segment can be attributed to their advantages such as it is widely used in AUVs for scanning, detecting, mapping, and remote sensing applications. AUVs use them for mapping underwater environments and detecting objects of interest for antisubmarine warfare (ASW) missions and pipeline inspections. Sensors are also used to identify the location of ferrous objects in the seabed, examine undersea cables, and detect and classify a wide variety of chemicals in seawater.

AML Oceanographic (US), EvoLogics GmbH (Germany), and CODAR Ocean Sensors (US) are some of the key suppliers of sensors used in AUVs.

APAC is attributed to grow at the highest CAGR in Autonomous underwater vehicle (AUV) market during the forecast period (2021-2026)

The Autonomous underwater vehicle (AUV) market in APAC has been segmented into China, Japan, and India, which are the fastest-growing market for AUVs. Factors such as increased military spending, growing need for energy in emerging economies, and the rising adoption of AUVs in various application areas are driving the growth of the AUV market in APAC. The demand for AUVs for mine exploration and oceanographic studies has increased significantly in the past few years. In addition, the rising military capabilities of developing nations such as India and South Korea are expected to boost the demand for AUVs in APAC.

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Key Market Players

The Autonomous underwater vehicle (AUV) market was dominated by Kongsberg (Norway), Teledyne Technologies (US), Fugro (Netherlands), Bluefin Robotics (General Dynamics) (US), and Saab AB (Sweden). Kongsberg (Norway) Kongsberg group was founded in 1814 and is one of the major providers of marine technology-based navigation and automation systems for merchant vessels and the offshore industry. The company provides its products and solutions to various industries, including oil & gas, marine, and aerospace & defense. Under the subsea product category, the company offers AUVs, marine technology handling systems, sonar seabed survey equipment, and underwater acoustic products.

 

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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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Printed Electronics Market Size Global Forecast to 2026 | MarketsandMarkets™

 

The global printed electronics market is projected to reach USD 23.0 billion by 2026 from an estimated USD 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026.

Growth of the consumer electronics industry and increased adoption of IoT by end-use industries are among the factors driving the growth of the printed electronics market.

The screen printing technology to account for the largest size of the market during the forecast period.

Screen printing is one of the oldest and most versatile printing techniques used globally. This printing technique is used for printing posters, labels, signage boards, textiles, and electronic circuit boards, as well as to manufacture printed sensors and printed batteries. Screen printing produces electrodes and electrical lines of LED panels, touch panels, and solar cells. Additionally, the technology enables development of large designs and the thicker application of inks on the surface of substrates. Thus, the screen printing technology accounted the largest size of the printed electronics market during the forecast period.

The inks segment of the printed electronics market is projected to grow at the highest CAGR from 2021 to 2026

The inks segment held the major share of the printed electronics market in 2020. Also, the segment is projected to grow at a higher CAGR during the forecast period. Inks are one of the key materials used in the fabrication of printed electronics. The growth of the segment can be attributed to the increased demand for advanced printing technologies, improved quality conductive inks, and compact devices. For instance, graphene ink is being developed to develop low-cost, flexible, water-repellent, and highly conductive electronic circuits.

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The printed electronics market for aerospace & defense is expected to witness growth at the highest CAGR during the forecast period

The printed electronics market for aerospace & defense is expected to witness growth at the highest CAGR during the forecast period. Printed electronics are largely being adopted in the aerospace & defense industry due to low weight, relative simplicity, and high reliability, resulting in low maintenance requirements. In addition, the printing of electronic circuits on 3D surfaces is enabling market players to develop advanced materials for missiles, aircraft wings, rockets, and other defense equipment.

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

 

 

Autonomous Underwater Vehicle (AUV) Market worth $4.3 billion by 2026

 

The report "Autonomous Underwater Vehicle (AUV) Market With Covid-19 Impact by Type (Shallow Auvs, Medium Auvs, Large Auvs), Application (Military & Defense, Oil & Gas), Shape, Technology, Payload Type, Region - Global Forecast to 2026", is estimated to be valued at USD 1.5 billion in 2021 and reach USD 4.3 billion by 2026; it is anticipated to grow at a CAGR of 23.1% during the forecast period (2021–2026).

The major factors driving the growth of the Autonomous underwater vehicle (AUV) market are increasing capital expenditure of companies in offshore oil & gas industry, and rising defense spending in several countries worldwide. However, several factors, such as slow underwater survey speed owing to use of acoustic communication can act as a key challenge in the market during the forecast period.

Imaging segment is projected to witness the highest CAGR for the forecast period

Imaging segment is expected to grow at a higher CAGR during the forecast period. The imaging segment of the market is projected to grow at the highest CAGR during the forecast period. The imaging systems used in AUVs are capable of capturing pictures of the seabed and surrounding areas, which help researchers in oceanography or habitat research studies. Advancements in imaging technologies are expected to lead to increased use of AUVs in the oil & gas industry to carry out inspection activities.

Large AUVs to account for the highest CAGR of Autonomous underwater vehicle (AUV) market during the forecast period

The large AUVs is estimated to grow at the highest CAGR from 2021 to 2026 during the forecast period, as increased demand for large AUVs in military & defense, oil & gas exploration, oceanography, search & salvage operations, and habitat research applications is fueling the growth of this market segment.

Torpedo AUVs will have the highest growth in the coming years

Torpedo AUVs is expected to account for the highest growth of the overall Autonomous underwater vehicle (AUV) market by 2026. Torpedo AUVs are widely adopted worldwide owing to their hydrodynamic shape, which results in less drag, high speed, and improved efficiency. They have an optimum surface area of the hull that makes them suitable for use in deepwaters without compromising on their speed.

Sensors segment of AUV payload market is expected to hold the largest share in 2026

The large market size of the sensors segment can be attributed to their advantages such as it is widely used in AUVs for scanning, detecting, mapping, and remote sensing applications. AUVs use them for mapping underwater environments and detecting objects of interest for antisubmarine warfare (ASW) missions and pipeline inspections. Sensors are also used to identify the location of ferrous objects in the seabed, examine undersea cables, and detect and classify a wide variety of chemicals in seawater.

AML Oceanographic (US), EvoLogics GmbH (Germany), and CODAR Ocean Sensors (US) are some of the key suppliers of sensors used in AUVs.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141855626

 

APAC is attributed to grow at the highest CAGR in Autonomous underwater vehicle (AUV) market during the forecast period (2021-2026)

The Autonomous underwater vehicle (AUV) market in APAC has been segmented into China, Japan, and India, which are the fastest-growing market for AUVs. Factors such as increased military spending, growing need for energy in emerging economies, and the rising adoption of AUVs in various application areas are driving the growth of the AUV market in APAC. The demand for AUVs for mine exploration and oceanographic studies has increased significantly in the past few years. In addition, the rising military capabilities of developing nations such as India and South Korea are expected to boost the demand for AUVs in APAC.

Key Market Players

In 2020, the Autonomous underwater vehicle (AUV) market was dominated by Kongsberg (Norway), Teledyne Technologies (US), Fugro (Netherlands), Bluefin Robotics (General Dynamics) (US), and Saab AB (Sweden).

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

 

Printed Electronics Market worth $23.0 billion by 2026

The report "Printed Electronics Market with COVID-19 Impact Analysis by Printing Technology (Screen Printing, Inkjet Printing), Application (Displays, PV Cells), Resolution, Material (Inks, Substrates), End-use Industry, and Geography - Global Forecast to 2026", is projected to reach USD 23.0 billion by 2026 from an estimated USD 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. Increased demand for printed electronic products in automotive and transportation industry and growth of the consumer electronics industry are among the factors driving the growth of the printed electronics market.

The printed electronics market is projected to grow at a CAGR of 18.3% from 2021 to 2026

The global printed electronics market is projected to reach USD 23.0 billion by 2026 from an estimated USD 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. The growth of the market is mainly driven by the increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics.

In 2020, screen printing held the major share of the printed electronics market

In 2020, screen printing held the major share of the printed electronics market. The growth can be attributed to the increased use of screen printing for manufacturing displays and sensors. Screen printing is the most used technology for manufacturing displays of commercialized devices such as smartphones and laptops; it is also used to develop sensors and photovoltaic (PV) cells by enabling the precise printing of thin and thick lines on substrates. Moreover, screen printing offers a simplified application of a variety of inks and dyes, which are highly durable and flexible.

The lighting segment is projected to grow at the highest CAGR from 2021 to 2026

The lighting segment of the printed electronics market is expected to grow at the highest CAGR during the forecast period owing to an increase in the use of printed electronics in automotive lighting solutions and home appliances. The rise in demand for economical, customized, and energy-efficient lighting is also fueling the growth of the market globally. Lighting based on printed electronics is rapidly replacing tungsten, halogen, and fluorescent lamps, which are costly. Moreover, governments of different countries have made increased investments in the development of printed OLED-based lighting. They have also issued directives mandating the use of energy-efficient lighting.

Automotive & transportation held the major share of the printed electronics market in 2020

Automotive & transportation held the major share of the printed electronics market in 2020. There are wide application areas for devices and components based on printed electronics. These devices and components, such as sensors and displays, can be integrated with vehicles. For instance, prominent automotive manufacturers such as Ford, General Motors, Nissan, Toyota, BMW, and Audi have an increasing demand for flexible lighting for automobiles.

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APAC is projected to grow at the highest CAGR from 2021 to 2026

APAC is projected to grow at the highest CAGR from 2021 to 2026. The region also held the largest share of the overall printed electronics market, followed by Americas, Europe, and RoW. The printed electronics market in APAC is projected to grow at the highest CAGR from 2021 to 2026. China, Japan, and South Korea adopt printed electronics at a higher rate owing to the benefits offered by them, including transparent, lightweight, flexible and stretchable materials. Moreover, industrial developments and a concentration of manufacturing activities in China and Japan drive economic growth of the region, which, in turn, is expected to result in increased adoption of printed electronics in APAC.

Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (US), Agfa-Gevaert Group (Belgium), Palo Alto Research Center Incorporated (PARC) (US), DuPont de Nemours, Inc. (US), Nissha Co., Ltd. (Japan), BASF (Germany), NovaCentrix (US), and E Ink Holdings Inc. (Taiwan) are some of the key players in the printed electronics market.

About MarketsandMarkets™

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

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

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

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road            

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

COVID-19 Impact on the Global Wearable Technology Market

 

COVID-19 is expected to adversely impact the supply chain of the wearable technology market as a few prominent players are based in China, which is the epicenter of the pandemic. Moreover, in light of the current situation, the key wearable technology is presently focusing on maintaining and generating operating revenue, which led to fewer developments within the market in 2020. The impact of COVID-19 is expected to reduce during the forecast period as many scheduled product launches and related developments which were postponed will be realized.

The global wearable technology market size is projected to grow from USD 116.2 billion in 2021 to USD 265.4 million by 2026; it is expected to grow at a CAGR of 18.0% from 2021 to 2026. Factors such as growing demand for smart devices in the healthcare sector and surge in demand for IoT devices are driving the growth of the market during the forecast period.

Driver: Increasing growth prospects of next-generation displays in wearable devices

As a result of more than 3 decades of R&D, technologists have realized the dream of bringing displays into wearable devices such as smart glasses and smartwatches. Recently, it has been possible to develop flexible and affordable electronic displays; however, the major challenges that companies face are the high requirement of luminance, high power consumption, and brightness issues. However, recent product launches by various industry players suggest improvements in the display technology in wearable devices. In February 2019, Nubia Alpha launched a one-of-a-kind smartwatch that comes with an OLED flexible display, a camera, and an eSIM support at MWC 2019. The Nubia Alpha smartwatch specifications include a Snapdragon Wear 2100 SoC, 1 GB RAM, and 8 GB internal storage. The Nubia Alpha runs on a custom OS and packs a 500-mAh battery. Additionally, advancements in backplane materials is the current trend. Instead of silicon in the backplane, engineers use a metal oxide composed of indium, gallium, and zinc in equal parts, giving the material its name—IGZO or indium gallium zinc oxide—which is used in advanced wearable display technology. It is expected that the industry outlook toward integrating the next-generation display technology in wearable devices would further improve the marketability of wearable products.

Restraint: Limited battery life

The major limiting factor to the growth of the wearable technology market is the absence of a reliable and efficient battery system that could be easily worn without compromising on the compactness and ease of use of the device. As wearable computing moves toward convergence of all the computing devices into one wearable device, the biggest challenge is to address the power requirement and manage power consumption and recharging of batteries. With the growing demand for wearable devices, it is not only essential to meet the power efficiency need in a cost-effective manner but also to manage power consumption. This factor is expected to have a high restraining impact on the market.

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Opportunity: Demand for wearables that integrate all computing requirements in one compact device

Consumers prefer to have a single compact device that could integrate all the computing and monitoring requirements. This preference presents an opportunity for the development of multi-function and hybrid wearable devices that provide convenience to users as well as integrates the functionality of many devices into a single compact wearable device. The number of such devices is expected to increase in the coming years. With a steady transformation from the Plain Old Telephone System (POTS) to cellular gateways and mobile phones, cellular technologies have become a leading medium for data transmission and communication. This factor is expected to present a good opportunity for companies to launch wearables connected with mobile devices such as smartphones and tablets.

Challenge: Demand for continuous developments in devices

The consumer electronics sector is a rapidly evolving marketplace. However, market players face high price erosion as products with old technology lose their significance when a new technology is developed. Technology advances at an incredible speed, and keeping up with these advancements is quite difficult as by the time engineers come up with a prototype, the technology changes. New technologies are being developed at a rapid pace and integrated with various products as an additional function. Consumers also prefer products that have more features and are technologically advanced.LCDs were the most extensively used technologies in the global market

About MarketsandMarkets™

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

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

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

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road            

Suite 430

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USA: 1-888-600-6441

IoT Node and Gateway Market worth $566.4 billion by 2027

 

According to a research report "IoT Node and Gateway Market with Covid-19 Impact Analysis, by Hardware (Processor, Connectivity IC, Sensor, Memory Device, and Logic Device), End-use Application (Industrial and Consumer), Geography - Global Forecast to 2027" published by MarketsandMarkets, the IoT node and gateway market was valued at USD 387.1 billion in 2020 and is projected to reach USD 566.4 billion by 2027; it is expected to grow at a CAGR of 6.7% from 2021 to 2027. The key factors driving the growth of the IoT node and gateway market include emergence of 5G technology, growing use of wireless smart sensors and networks, growing market for connected devices, increasing necessity of data centers due to rising adoption of cloud platforms, and others.

Connectivity IC segment to account for the largest share of IoT node and gateway market during the forecast period

On the basis of Hardware, the IoT node and gateway market has been segmented into processor, sensor, connectivity IC, memory device, and logic device. the connectivity IC segment held the largest share of the overall IoT node and gateway market, in terms of volume. The increasing demand for better edge devices connectivity and significant developments in low-power connectivity technologies, such as Wi-Fi, Bluetooth, and Bluetooth Low Energy (BLE), are the key factors supporting the growth of the connectivity IC segment.

Consumer application to account for the largest share of IoT node and gateway market during the forecast period

Based on end-use application, the IoT node and gateway market has been segmented into industrial and consumer. Consumer application held the largest share of the overall IoT node and gateway market to during the forecast period. With the evolution of a number of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost.

APAC is expected to register the highest growth of IoT node and gateway market during the forecast period

APAC is expected to register the highest growth in the IoT node and gateway market during the forecast period from 2021 to 2027. The growing penetration of the internet across commercial as well as residential spaces, broad consumer base, increasing disposable income, and improving IT infrastructure are some of the key determinants supplementing the growth of the IoT node and gateway market in APAC. Moreover, the adoption of cloud-based services and rising trend of industrial automation are the key growth drivers for the IoT node and gateway market for commercial applications in countries such as China, South Korea, and Japan.

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Major players operating in the IoT node and gateway market are Intel Corporation, Huawei Technologies Co., Ltd., NXP Semiconductor N.V., Texas Instruments Incorporated, Cisco Systems, Inc., Hewlett Packard Enterprise, TE Connectivity Ltd., Advantech Co. Ltd., Dell Technologies, Microchip Technology Inc., Notion, Helium System Inc., Samsara Networks Inc., Beep Inc., Estimote Inc., Aaeon Technology Inc., Nexcom International Co. Ltd., STMicroelectronics N.V., Eurotech S.P.A, Adlink Technology Inc., Volansys Technologies, Embitel Technologies, Mitsubishi Electric Corporation, Lantronix, Inc., and Cradlepoint, Inc., and so on.

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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UV Curing System Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

 

UV Curing System Market is expected to reach USD 6.7 billion by 2025, at a CAGR of 15.0% during the forecast period. The UV Curing System Market is divided based on Technology, Type, Pressure Type, Application and geography.

Driver: Growing inclination toward eco-friendly products, along with stringent regulations regarding use of green products

In traditional heat-based and air-drying curing techniques, solvents were evaporated. As a result, environmental pollutants were generated due to the emission of substantial quantities of carbon dioxide or greenhouse gases, thereby impacting the environment and the ozone layer. VOCs are usually formaldehyde and organic solvents. Most of the VOCs include solvent-based formulations that evaporate into the atmosphere to contribute to the depletion of the ozone layer or the greenhouse effect. The generation of volatile organic compounds (VOCs) during coating or drying applications is highly undesirable because these VOCs can cause headaches and dizziness, along with a few long-term effects, although uncertain, such as cancer.

Restraint: Limited depth of curing

UV curing technology is limited to opaque parts and leaves adhesives on the surfaces owing to oxygen inhibition. While curing in the presence of air, free radicals can react with oxygen before initiating polymerization, which leads to incomplete curing and a sticky surface. UV curing systems also have the issue of a high degree of shrinkage, thereby making it difficult to cure deep sections and shadowy areas.

To overcome shadows, a second cure operation in a heat curing oven is possible. However, there are many electronic component assemblies, especially in industries such as automotive, agriculture, consumer electronics, and construction that cannot be exposed to secondary cure. The secondary operation slows down the production assembly process and consumes more energy than that of traditional curing systems.

Opportunity: High-growth prospects of UV curing technology in new applications

Currently, coating, bonding, and printing are the most prominent applications in which UV curing systems are used. Industries such as printing, healthcare, and automotive are the major users of UV curing systems.

Other emerging applications of UV curing are 3D printing, digital printing, and metal coating, which hold high-growth potential. These applications are currently in the phase of development with effective commercialization expected in the coming years. According to the American Coatings Association (ACA) article, in 2013, metal decorating, the sixth-largest growing UV/EB application, accounted for an annual growth rate of 9.3% and 3D printing accounted for the fastest growth rate of 27.3%, while the overall annual growth rate for UV curing from 2015 to 2017 was 6.7%.

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UV curing technology is also expected to be recognized as one of the leading technologies for metal coating applications than for plastic and wood coatings in the future. The metal coating market includes several potential industries, such as automotive and aerospace & defense.

Challenge: Slowdown in production of manufacturing industries due to COVID-19

According to the United Nations Conference on Trade and Development (UNCTAD), the COVID-19 outbreak can cause global FDI to shrink by 5% to 15%, due to the downfall in the manufacturing sector due to factory shutdowns. The negative impact of COVID-19 on FDI investments is expected to be high in energy and automotive industries among others due to the unavailability of raw materials. In the consumer electronics industry, smartphones and consumer electronics companies have started a reduction in production operations and postponed the introduction of new products owing to interruption in the supply of components. Therefore, due to COVID-19, there is a slowdown in the production of manufacturing industries, which would impact the demand for UV curing systems in such industries. This hinders the growth of the UV curing system market for a few months/years.

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