Operational Technology Market worth $216.3 billion by 2027

 

According to the new research report "Operational Technology Market with COVID-19 Impact, by Components (Field Devices, Control Systems, & Services), Networking Technology, Industry (Process and Discrete), and Geography (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2027" published by MarketsandMarkets, the global operational technology market was valued at USD 149.6 billion in 2021 and is projected to reach USD 216.3 billion by 2027; it is expected to grow at a CAGR of 6.5% from 2022 to 2027. The major drivers of the market include the surging adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, growing emphasis on regulatory compliances, increasing complexities in the supply chain, and surging demand for software systems that reduce time and cost. The operational technology market has been segmented by component, networking technology, industry, and geography.

“Market for industrial sensors expected to grow at the highest CAGR during the forecast period”

The industrial sensors segment of the operational technology market for field instruments is expected to grow at the highest CAGR of 9.0% from 2022 to 2027, reaching USD 34.7 billion by 2027 from USD 66,386 million in 2021. The growth of the industrial sensors segment is driven by the growing adoption of Industry 4.0 and the expansion of the wireless sensors market. Predictive maintenance is expected to offer lucrative opportunities to the players operating in the industrial sensors market in the coming years. Predictive maintenance is enabled by 3 major solution enhancements over traditional maintenance: capturing sensor data, facilitating data communications, and making predictions. As the sensor is an important part of predictive maintenance solutions, the demand for industrial sensors is expected to increase significantly in the coming years.

“DCS Segment to Hold Largest Share Throughout Forecast Period”

The market for DCS is expected to hold the largest share throughout the forecast period among operational technology control systems, reaching USD 24.5 billion by 2027 from USD 17.5 billion in 2021. However, the market for WMS is expected to grow at the highest CAGR of 16.7% from 2022 to 2027, reaching USD 4.5 billion by 2027 from USD 1.8 billion in 2021. A significant shift in consumer purchasing behavior has resulted in the increased implementation of real-time WMS software solutions for efficient order processing, picking, packaging, shipment tracking, and route planning. WMS helps companies quickly adapt to the changing customer requirements in the e-commerce and online shopping space. Furthermore, the implementation of WMS helps manage warehouses at an optimum level, with increased productivity and efficiency of warehouse operations and reduced product delivery time.

“Market for energy & power industry to grow at highest CAGR between 2022 and 2027”

The process industry segment includes oil & gas, chemicals, energy & power, food & beverages, pharmaceuticals, mining & metals, and others. Among these, the energy & power industry is expected to grow at the highest CAGR of 7.1% during the forecast period. The demand for energy is growing continuously; however, the problems of environmental impact and scarcity associated with conventional sources might lead to a probable energy crisis, which makes optimizing the production processes necessary for the industry. Manufacturers face growing cost pressures and increasing demand for diverse product portfolios, coupled with regulatory and safety guidelines. Technologies such as MES, PAM, and HMI help manufacturers standardize their workflow and minimize lead times by eliminating the time required for the approval of various associations and the FDA. MES also maintains data and processes that need to be followed for regulatory compliance during production. Using MES helps in eliminating the need for maintaining records on paper. PAM and machine condition monitoring enable the proper functioning of systems used in the manufacturing process by providing continuous maintenance activities in these industries.

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“Operational technology market in APAC to grow at the highest CAGR”

The major factors driving the growth of the operational technology market in APAC are the rising demand for smart tools due to increasing automation in industries; growing adoption of technologies such as Industry 4.0, smart factory, IoT, and IIoT; and increasing need to optimize productivity and reduce operational and maintenance costs. Government support in various APAC countries to drive industrialization is one of the important factors that will boost the demand for operational technology in the coming years. Various initiatives have been taken by the governments in the region. For instance, China’s “Made in China 2025,” Japan’s “Industrial Value Chain Initiative (IVI),” South Korea’s “The Manufacturing Innovation Strategy 3.0 (Strategy 3.0),” and India’s “Samarth Udyog Bharat 4.0,” are likely to play major roles in industrial advancement and consequently create growth opportunities for the operational technology market.

Major companies offering operational technology technologies include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (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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What is the current size of the global thin wafer market?

The global thin wafer market is estimated to be USD 10.8 billion by 2025 from USD 7.6 billion in 2020, growing at a CAGR of 7.2% between 2020 to 2025. The growth of the thin wafer market can be attributed to factors such rising adoption of MEMS technology in portable health monitoring devices, growing smartphone and consumer electronics markets, reducing sizes of electronic devices, and high amount of material saving.

Who are the winners in the global thin wafer market?

Companies such as Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), and SK Siltron (South Korea) fall under the winner’s category. These companies cater to the requirements of their customers by providing efficient thin wafers with a presence in majority of countries. Moreover, these companies have a strong and reliable distribution network which gives them an edge over other industry players.

What are the opportunities for the existing players and for those who are planning to enter various stages of the thin wafer value chain?

There are various opportunities for the existing players to enter the value chain of the thin wafer industry. Some of these include the growing use of thin wafers in automotive applications for the safety and in-vehicle communication systems, increased requirement for thin wafers in portable medical devices, and the growing implementation of different diameters of thin wafers in discrete semiconductor devices.

What is the Covid-19 impact on thin wafer market?

The shutdown of manufacturing facilities globally combined with strict restrictions over social movement in various COVID-19 affected countries impacted the operations of thin wafer manufacturing facilities. Leading thin wafer providers, such as GlobalWafers Co., Ltd. (Taiwan) and Siltronic (Germany), have incurred significant losses owing to the pandemic. Both companies have reported a decline of approximately 10% and 6% respectively in their half-year revenue as compared to the previous year. Also, devices such as MEMS, CIS, memory, RF devices, LEDs, interposers, and logic have experienced a decline in demand from end-user industries such as consumer electronics, automotive, industrial, and medical. This has resulted in a decline in the demand for thin wafers.

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What are some of the technological advancements in the market?

Silicon Carbide (SiC) is evolving at a rapid space. SiC wafers are largely preferred by semiconductor device manufacturers and fabrication facilities as they offer several advantages over traditional silicon substrates. One of the major advantages of this substrate is its hardness. This substrate is increasingly used for thin wafers to minimize the impact of pressure or stress. Also, SiC has a low coefficient for thermal expansion, which means its shape does not gets altered when subjected to heating or cooling. It can operate on temperatures as high as 1600 °C, which makes it suitable for high-temperature applications. .

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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MarketsandMarkets™ INC.

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What is current size of global Industrial cybersecurity market?

 

The global Industrial cybersecurity market is estimated to be around USD 16.2 billion in 2022 and projected to reach USD 20.1 billion by 2027 at a CAGR of 4.4%.

What is COVID-19 impact on global Industrial cybersecurity market?

The global lockdowns and shutdowns have indirectly affected the industrial cybersecurity market. It is expected that it will take approximately 2–3 years for all the process industries to recover from the adverse effect of the pandemic and another 1–2 years for the market to recover with an organized supply and demand chain.

In this scenario, it is assumed that all measures, both health and economic, would neither help control the spread of the virus nor lead to economic recovery. Most economies would experience an unprecedented economic loss, social and political turmoil recession until the third quarter of 2022, and modest recovery starting in Q4 of 2022. This is likely to be an L-shaped economic recovery, with countries taking longer to return to their pre-crisis levels. The industrial cybersecurity market is expected to recover at a gradual pace in the coming 2–3 years and at an accelerated pace thereafter.

Where will all these developments take the industry in the mid-to-long term?

Technology will continue to play a critical role in the Industrial cybersecurity ecosystem. Key players operating in the Industrial cybersecurity marketplace are integrating emerging technologies within their existing ecosystem, which has helped to improve Industrial cybersecurity services.

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Who are the winners of global Industrial cybersecurity market?

Companies such as IBM (US), Honeywell International (US), ABB Ltd (Switzerland), Schneider Electric (France), CISCO (US), and Controlant (Iceland) are among a few key players in this market.

What are some features of industrial cybersecurity?

Industrial cybersecurity refers to the safety and security of industrial control systems, automation processes, plant operations, and critical infrastructure from cyber intrusions. Industrial control systems, including programmable logic controllers (PLCs), distributed control systems (DCS), and supervisory control and data acquisition (SCADA) systems, are primarily prone to cyberattacks. To secure these systems from cyberattacks, various technologies, such as distributed denial of service (DDoS), firewall, intrusion detection and prevention systems, antivirus software solutions, and products such as gateways and networking devices are used to ensure uninterrupted productivity of utilities, grids, transportation systems, and the manufacturing sector.

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

Leading players in Flat Panel Antenna Market

The global flat panel antenna market is expected to grow from USD 408 million in 2022 to USD 1,440 million by 2027, at a CAGR of 28.7%.

Growing investments in space exploration and satellite launches, rising demand for electronically steered antennas worldwide, rising demand for innovative and compact antenna systems, and growing adoption of low cost, low profile antennas in various commercial and military applications will drive the demand for this market in the near future. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communication applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized flat panel antennas.

The flat panel antenna market is competitive, with 5 players—Kymeta Corporation (US), ThinKom Solutions (US), Hanwha Phasor (UK), TTI Norte (Spain), and L3Harris Technologies (US) holding a share of 42–47% between 2018 and 2022.

Top 2 players in the flat panel antenna market are:

Kymeta Corporation (US)

Kymeta Corporation is one of the major players in the overall Flat panel antenna market. Product launches and deals such as agreements and partnerships play an important role in company’s portfolio and growth strategy. The major strategy that the company follows is based on the novel transformation of its solutions, which, in turn, can provide customers with one of its flat panel antenna solution. Lepton Global Solutions is a wholly owned subsidiary of Kymeta Corporation that provides satellite connectivity products and solutions including flat panel antennas. These products and solutions are used in various applications, such as defense, government, public safety, commercial and others.

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ThinKom Solutions (US)

ThinKom Solutions is one of the important players in the flat panel antenna market. It offers phased array antennas and other solutions. The core offerings of the company are for industries such as maritime, high-speed rail application, commercial, defense and military. The company uses its expertise in these fields to bring out advancements in technologies such VICTS (variable inclination continuous transverse stub) technology that combines the advantages of mechanically steered and electronically scanned arrays solutions. It focuses on organic as well as inorganic growth strategy, which is evident from a large number of product launches, agreements and sales contracts. The company has a strong geographic footprint with a worldwide presence.

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

Leading Players in the Industrial Cybersecurity Market

 

The global industrial cybersecurity market was valued at USD 16.2 billion in 2022 and is projected to reach USD 20.1 billion by 2027; it is expected to grow at a CAGR of 4.4% from 2022 to 2027. Increasing demand for industrial cybersecurity products in power industry to drive the market.

Industrial cybersecurity refers to the safety and security of industrial control systems, automation processes, plant operations, and critical infrastructure from cyber intrusions. Industrial control systems, including programmable logic controllers (PLCs), distributed control systems (DCS), and supervisory control and data acquisition (SCADA) systems, are primarily prone to cyberattacks. To secure these systems from cyberattacks, various technologies, such as distributed denial of service (DDoS), firewall, intrusion detection and prevention systems, antivirus software solutions, and products such as gateways and networking devices are used to ensure uninterrupted productivity of utilities, grids, transportation systems, and the manufacturing sector.

A few key industrial cybersecurity market players are IBM (US), Honeywell Internationals (US), ABB Ltd.  (Switzerland), CISCO (US), and Schneider Electric (France).

International Business Machines (IBM) Corporation provides integrated solutions that leverage information technology and knowledge of business processes. The company operates through five segments—Global Technology Services, Cloud & Cognitive Software, Global Business Services, Systems, and Global Financial Services. IBM serves customers across various industries, such as aerospace & defense, chemicals & petroleum, electronics, energy & utilities, government, and healthcare, with a strong focus on cybersecurity, security testing, big data analytics, and cloud.

IBM monitors about 20 billion security events per day in over 130 countries, serving more than 4,000 customers. The company has 9 research labs and 11 security operation centers, along with 3 institutes for advanced worldwide security, which aim at innovating security technologies and helping its clients in maintaining the required security portfolio. IBM has its presence across the Americas, Asia, Europe, and Middle East & Africa (MEA).

Honeywell International Inc. is one of the leading technology and manufacturing companies. It offers industrial cybersecurity products through Honeywell Process Solutions (US). Besides security products, the company provides sensing, control, and security technologies for buildings and homes.

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Honeywell International operates through four business segments—Aerospace, Home and Building Technologies, Performance Materials and Technologies (PMT), and Safety and Productivity Solutions. Honeywell (China) Co., Ltd.; Honeywell Aerospace GmbH (Germany); ADI-Gardiner Holding Ltd. (Netherlands); Allied Signal Aerospace Services Corp. (US); Alsip Packaging Inc. (US); Grimes Aerospace Company (US); Honeywell Automation India Ltd. (India); Honeywell Avionics System Ltd. (US); and Honeywell Co. Ltd. (US) are the major subsidiaries of Honeywell International.

Honeywell serves a wide range of industries, including aerospace & defense, oil & gas, security, and fire protection, healthcare & medical, and manufacturing. It has a significant presence worldwide with more than 250,000 distribution partners, including distributors, resellers, and manufacturers. The company predominantly operates in the United States and other parts of North America and Europe.

 

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

Flat Panel Antenna Market Size Share Forecast to 2027 | MarketsandMarkets

 

The global flat panel antenna market is expected to grow from USD 408 million in 2022 to USD 1,440 million by 2027, at a CAGR of 28.7%.

Growing investments in space exploration and satellite launches, rising demand for electronically steered antennas worldwide, rising demand for innovative and compact antenna systems, and growing adoption of low cost, low profile antennas in various commercial and military applications will drive the demand for this market in the near future. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communication applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized flat panel antennas.

Driver: Rising demand for electronically steered phased array flat panel antennas

Electronically steered flat panel antennas are ultra-thin antennas and electronically acquire, steer, and lock a beam to any satellite. These antennas show great performance efficiency in a very thin, low-profile package, and are very rugged and completely weatherproof for extremely long life in harsh environments. Hence these has been a rising demand for these types of antennas in several critical environments Increased demand for communication on the move solutions for platforms such as commercial vehicles, military vehicles, trains, and boats has led to the greater use of electronically steered phased flat panel antennas (ESPA). These antennas can track and maintain satellite links even when platforms such as military vehicles, trains, or boats, are in motion. Hybrid beam steering is used in these phased array antennas for COTM, both electronically for elevation and mechanically for azimuth. An antenna terminal steering plays a major role in acquiring a satellite link. ESPA eliminates mechanical motion.

Restraint: High costs associated with development and maintenance of infrastructure to support flat panel antennas

The high cost incurred in the development and maintenance of earth station infrastructure is one of the major factors hindering market growth. Most of the required components are typically custom-fabricated or purchased from commercial off-the-shelf (COTS) vendors, which is expensive. Besides, the design, development, and construction of these antennas and their components require several hours of work by trained personnel. The level of skill required itself poses a significant barrier to entry. Significant investments are required in the R&D, manufacturing, system integration, and assembly stages of the value chains of these systems.

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Opportunity: Development of ultra-compact, low profile flat panel antennas for advanced ground combat vehicles

Ultra-compact and low-profile flat panel satellite antennas are designed to operate with the new generation of Ka-band high-throughput satellites for any IP-based voice, video, or data Beyond-Line-of-Sight (BLoS) applications. These antennas provide full-duplex satellite communication, linking advanced ground combat vehicles to ground control stations. The forward link provides command and control capabilities, while the return link transfers sensor data. These integrated terminals comprise very small aperture terminal technologies. For instance, ThinKom solutions’ ThinPack flat-panel antennas combine the easy, fast setup of ultra-compact terminals with the power, throughput and performance of their bulkier counterparts so users can reap the most out of global satellite broadband.

Challenge: Lack of skilled workforce

Countries such as Morocco, South Africa, Nigeria, Somalia, Kenya, Bangladesh, Nepal, and Bhutan lack a skilled technical workforce in the space industry. Potential workforce issues affect the safety and effectiveness of space operations, which further limits the number of space exploration missions, thereby acting as a challenge to the growth of the flat panel antenna market. Critical space operations increasingly rely on well-qualified personnel for various tasks such as R&D, patent development, and software development & application, among others. Thus, the recruitment of a technical workforce forms a crucial part of ensuring innovation in business processes and products in the space industry.

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

Flat Panel Antenna Market worth $1,440 million by 2027

 

According to a research report "Flat Panel Antenna Market with Covid–19 Impact by Type (Electronically Steered, Mechanically Steered), Frequency (C and X, Ku, K, Ka), End–Use Application (Aviation, Telecommunications, Military) and Region - Global Forecast to 2027" published by MarketsandMarkets, the flat panel antenna market is estimated to be valued at USD 408 million in 2022 and reach USD 1,440 million by 2027; it is expected to grow at a CAGR of 28.7% during the forecast period (2022–2027).

Growing investments in space exploration and satellite launches, rising demand for electronically steered antennas worldwide, rising demand for innovative and compact antenna systems, and growing adoption of low cost, low profile antennas in various commercial and military applications will drive the demand for this market in the near future. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communication applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized flat panel antennas.

Electronically Steered type is expected to witness the highest market share and growth rate during the forecast period

Based on different types, the market has been segmented into two categories: electronically steered and mechanically steered. Electronically steered antenna is the leading type in the flat panel antenna market in terms of CAGR and market size. This is mainly because of its low cost and high market acceptance. Electrically steered flat panel antenna is expected to gain traction due to compact size, low cost, and significant adoption in enterprise, maritime, land mobile and aviation industries. AlCAN Systems (Canada), C-COM Satellite Systems Inc (Canada), Hanwha Phasor (UK), and ThinKom Solutions (US) are some of the players providing electronically steered FPA systems.

Commercial application is expected to have the largest market share during the forecast period

The commercial application is expected to grow at the highest CAGR in the flat panel antenna market. The commercial segment cater to a variety of applications, especially commercial shipping, boating, super yachts, passenger vehicles and other applications. The flat panel antennas used for such applications are smaller and more discreet than the large radomes generally used on bigger vessels for broadband satellite communication. These flat panel antennas include ESA OR phased array antennas which track satellites electronically while the units themselves are stationary, so there are no moving parts to wear out and potentially fail. Thus, rising demand for such antennas in different commercial applications is driving the growth of flat panel antenna market.

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Asia Pacific is the leading flat panel antenna market in terms of CAGR globally.

APAC is expected to contribute to the highest CAGR during the forecast period in the flat panel antenna market. APAC is the major market for consumer and commercial segment due to its growing population. Key countries in APAC include China, Japan, India, and South Korea. Rapid developments related to flat panel antenna in telecommunication applications also provide growth opportunities for the market in APAC as trend for 5G in APAC is growing at a fast pace. Other factors contributing to the rising demand for flat panel antennas in APAC include technological advancements in antenna technology, increased awareness of the benefits of using flat panel antennas among the masses, and the cost-effectiveness of these antennas. Electronically steered flat panel antenna type is famous and reliable way initiate satellite communications and retrieve data and information in telecommunications and commercial sectors in Asia and other continents.

Key Market Players

In 2021, the flat panel antenna market is dominated by players such as Kymeta Corporation (US), ThinKom Solutions(US), Hanwha Phasor (England), TTI Norte (Spain), and L3Harria Technologies (US).

About MarketsandMarkets™                                                                                                        

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

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

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

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

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Leading players in Optical Sorter Market

 

The optical sorter market is expected to grow from USD 2.6 billion in 2022 to USD 4.1 billion by 2027, at a CAGR of 9.9% during the forecast period. Growing focus on automation to increase productivity in various industries is expected to drive the optical sorter market. Automated sorting is becoming a necessary component of many food processing operations, and the demand for this technology is increasing to provide consistent product quality and traceability of all foreign materials. Increasing adoption in the food industry for food processing activities and for reducing process and delivery time are also are facilitating the growth of optical sorter market. Hence, the demand for optical sorters is increasing in food applications for increasing productivity and reducing costs. Rapid development of blockchain technology in retail & supply chain management applications. Also, Increase in wages of the manual workforce in various countries is one of the main drivers for the optical sorter market.

Although the optical sorter market is growing at a steady pace, it is moderately competitive owing to the presence of several players such as OMRA (Norway), Bühler (Switzerland), Hefei Meyer Optoelectronic Technology (China), Satake (Japan), and Allgaier Werke (Germany) venturing into continuous R&D in the optical sorter market. Key strategies adopted by these players to enhance their product portfolios, increase their market share, and expand their presence in the market mainly include product launches, deals (acquisitions, partnerships, agreements, and contracts), and others (expansions) were the major growth strategies adopted by the players in the optical sorter market. These strategies enabled them to efficiently cater to the growing demand for optical sorter and expand their global footprint by offering their products globally.

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For instance, in October 2021, TOMRA (Norway) demonstrated the companys current food processing solutions - TOMRA 3A. The TOMRA 3A optical sorter is the companys most robust, reliable, and cost-effective field optical sorter. It has a high throughput of up to 100 tons per hour and provides superior sorting quality while significantly reducing labor costs. In October 2021, Key Technology (US) unveiled its VERYX digital sorters for pet food. VERYX detects and removes foreign material (FM) and defective products to improve product quality and eliminate the possibility of cross-contamination. Apart from this, players have also adopted acquisition, partnership and expansion strategies to enhance their product portfolio and geographical reach. For instance, in November 2021, TOMRA (Norway) partnered with and IVAR IKS (Norway) and demonstrated that mixed waste sorting prior to disposal is a better solution than separate collection. IVAR recognized the need to improve its waste management methods and decided to partner up with TOMRA on a test analysis. According to test results, TOMRA’s AUTOSORT machines recovered 90% of the mid-sized (60-150 mm) and large (150-320 mm) plastic fractions from the household waste. Further TOMRA (Norway) also did one expansion in 2021. In December 2021, TOMRA (Norway) opened a new regional headquarters to enhance its support of food processors and packers across Latin America. The new purpose-built base in Santiago (Chile) illustrates TOMRA Food’s and its two sister companies, Compac and BBC Technologies, having a strong presence in the region, which contributes significantly to the global supply of fruits, nuts, vegetables, potato products, grains and seeds, dried fruits, meat, and seafood.

TOMRA

The company operates through three business segments: TOMRA Food, TOMRA Recycling Mining, and TOMRA Collection Solutions. TOMRA Food is a provider of advanced optical sorting systems to the food industry. TOMRA Food is a global leader in optical sorting and processing technology for the fresh and processed food industries. TOMRA Sortings food business, which has approximately 11,000 sorting installations worldwide, plays an important role in optimizing the worlds food utilization, safety, and quality. TOMRA Recycling Mining is a provider of advanced optical sorting systems to the recycling and mining industries. TOMRA Recycling is a global leader in its field, having pioneered waste sorting automation. Its versatile sorting systems can prepare and sort various types of metals and waste for either material recycling or energy recovery.

TOMRA Recycling currently has an installed base of nearly 6,460 units across more than 40 markets. In October 2021, TOMRA showcased advanced solutions for the food processing industry at Agroprodmash Exhibition, held in Moscow, Expocentre Fairgrounds. The TOMRA Food team demonstrated the companys current food processing solutions - TOMRA 3A. The TOMRA 3A optical sorter is the companys most robust, reliable, and cost-effective field optical sorter. It has a high throughput of up to 100 tons per hour and provides superior sorting quality while significantly reducing labor costs. In December 2021, TOMRA Food opened a new regional headquarters to enhance its support of food processors and packers across Latin America. The new purpose-built base in Santiago (Chile) illustrates TOMRA Food’s and its two sister companies, Compac and BBC Technologies, having a strong presence in the region, which contributes significantly to the global supply of fruits, nuts, vegetables, potato products, grains and seeds, dried fruits, meat, and seafood.

Bühler

Bühler is a global solutions provider for industrial manufacturing of food and advanced materials. The company operates mainly in three business segments: Grains & Food, Consumer Foods, and Advanced Materials. Bühler provides optical sorters in all three of its segments. Under the Grains and Food segment, Bühler offers optical sorters for sorting agricultural seeds, grain sorting, coffee sorting, oil seed sorting, pulse sorting, rice sorting, spice sorting, dried fruits and vegetable sorting, nut sorting, aniseed sorting, and few other types of grains. Under the Consumers Foods segment, the company provides optical sorters mainly for foods items such as pasta and soups, frozen fruits and vegetables, pet foods, confectionery sorting, and various other types of consumer foods. Through the Advanced Materials segment, Bühler offers optical sorting machines for sorting plastics.

In May 2021, Bühler announced a significant step toward a digitally connected rice mill. The first rollout of integrated rice mills involves the initial setup of sorter, whitener, and sensors, which is expected to change rice milling practices. AI and machine learning technology combine separate machines into a smart integrated system that reduces waste, saves energy, and consistently provides the best product quality. The DS-C Optical Sorter from Bühler is one of the most advanced pieces of equipment in this entire processing line. It provides real-time product quality alerts that aid in optimizing rice yield and adjusting downstream processing machine settings. In January 2021, with the acquisition of Design Corrugating Companies, Bühler North America (subsidiary of Bühler) expanded and strengthened its service network and offerings in North America. Bühler now has seven service centers in the US, serving grain, oilseed, feed, pet food, and chocolate processors, as well as brewers and distillers, inks, and coatings.

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