Display Companies - Samsung Electronics Co., Ltd. (South Korea), BOE Technology Group Co., Ltd. (China) are the Key Players

The display market is projected to reach USD 187.8 billion by 2028 from USD 157.8 billion in 2023 at a CAGR of 3.5% during the forecast period. Surging adoption of OLED displays in various applications, increasing demand for displays in automotive and healthcare industries, and increasing use of LED displays for video walls, TVs, and digital signage applications are some of the major factors driving the market growth.

Major Display companies include:

The major players in the display market with a significant global presence include

·         Samsung Electronics Co., Ltd. (South Korea),

·         BOE Technology Group Co., Ltd. (China),

·         LG Display Co., Ltd. (South Korea),

·         AUO Corporation (Taiwan), and

·         Innolux Corporation (Taiwan).

These players have adopted various organic and inorganic growth strategies such as product launches and developments, partnerships, collaborations, acquisitions, and joint ventures to expand their presence globally and increase their share in the display market.

Samsung Electronics Co., Ltd. is a leading manufacturer and provider of display panels globally. The company’s display products are ideal for a wide range of applications, including smartphones, tablets, laptops, television sets, and automotive displays. Samsung has established a brand reputation and a widespread network of distributors and channel partners across the world. The company is renowned for advanced and innovative display technologies, such as OLED and QD-OLED displays, backed by the company’s high R&D expenditure, which highlights its strong focus on product innovation. Samsung also has strong geographic footprint, with the US, South Korea, Europe, Asia & Africa, and China contributing significantly to its revenue.

BOE Technology Group Co., Ltd. adopts both organic growth strategies, such as product launches, and inorganic growth strategies, such as collaborations and partnerships, to strengthen its position in the display market. For instance, in May 2022, BOE launched high-end LCD technology solutions, ADS pro, and f-OLED which is a high-end flexible OLED technology solution. However, the company also focuses on inorganic growth strategies, for instance, in February 2023 BOE collaborated with HONOR to launch HONOR’s Magic5 series and Magic Vs series which is empowered by BOE’s power efficient OLED solution. Moreover, BOE has also increased its investment in research and development activities, which will drive product innovation and the launch of new and effective display solutions.

LG Display Co. Ltd. focuses on product launches, partnerships and collaborations to strengthen its position in the display market. The company drives product advancements and technological innovations by prioritizing substantial investment in research and development activities. In January 2023 company launched 3rd generation OLED TV display integrated with META technology and automotive displays  utilizing its OLED and LTPS LCD, which uses two organic light emitting layers to offer greater brightness and durability than single-layered OLED. In recent years, the company has formed several collaborations and partnerships to expand its reach and capabilities, leverage the expertise of other industry players, and develop innovative solutions that address evolving market demands. LG Display Co., Ltd. fosters product innovation by spending extensively on R&D activities, through which it has been able to produce displays that are thinner, lighter, and provides better image quality.

AUO Corporation focuses on both organic growth strategies, such as product launches, and inorganic growth strategies, such as collaborations and partnerships, to strengthen its position in the display market. For instance, in January 2023, the company showcased its new Micro-LED automotive display, and in May 2022, it launched the world’s first 34-inch AmLED curved gaming display panel with a 21:9 widescreen and a 165Hz ultra-high refresh rate. Similarly, in May 2022, the company collaborated with NVIDIA and ASUS ROG to release 24.1-inch ROG Swift 500Hz Esports monitor, which features the world's highest refresh rate panel, and, in June 2021, AUO Corporation partnered with Acer to launch its AmLED technology in Acer’s Predator Helios 500.

Innolux Corporation specializes in the manufacturing of display panels with a focus on providing high-quality and innovative displays for a range of applications. Innolux Corporation is a leading provider of advanced display integration solutions, offering a wide range of products that include 8K and 4K ultra-high resolution, AM miniLED, AM micro-LED, LTPS, and touch solutions. Its product line is suitable for various display applications, TV panels, desktop monitors and laptop panels, small and medium-sized panels, and medical and automotive panels.

VSaaS Companies - ADT (US) and Johnson Controls (Ireland) are the Leading Key Players

The VSaaS market is projected to grow from USD 3.3 billion in 2022 and is projected to reach USD 7.6 billion by 2027; it is expected to grow at a CAGR of 18.0% from 2022 to 2027.

The growth of this market is driven by factors such as the low cost of investment, the rise in demand for real-time surveillance data, and flexible scalability offered by VSaaS.

Major VSaaS companies include:

·         ADT (US)

·         Johnson Controls (Ireland)

·         Axis Communications AB (Sweden)

·         Avigilon, a Motorola Solutions Company (Canada)

·         Alarm.com (US)

·         Arcules, Inc. (US)

·         Securitas AB (Sweden)

·         Comcast Corporation (US)

·         Duranc Inc (US)

·         Eagle Eye Networks, Inc. (US)

·         Genetec Inc. (Canada)

·         Honeywell International Inc. (US).

 

Key strategies adopted by the players in the VSaaS market to uphold their position and ensure long-term growth and market success are product launches, collaborations, and partnerships. For instance:

In September 2021, Camcloud (Canada) announced to support 4K UltraHD resolution in its Cloud Video Surveillance solution. Through this product upgrade, customers can configure their cameras for higher resolutions, framerates, and bitrates than standard plants.

In March 2021, Johnson Controls (Ireland) and Telos Corporation (US) formed a strategic partnership to enhance the security and privacy of their customers. Through this partnership, the companies will integrate the offerings, including Telos Ghost and Johnson Controls OpenBlue Cloudvue Gateway, to enhance security and privacy for customers.

ADT (US) provides automation, security, and smart home solutions to business customers and consumers across the US. The company has started investing more in DIY products and platforms, mobile security applications, alarm verification, and other innovative technologies. The company generates majority of its revenue by providing video monitoring services and installation of security solutions. The company has operational presence across 300 locations and nine monitoring centers across the US. As of December 31, 2021, the company had served around 6.6 million recurring revenue customers in the US.

Johnson Controls (Ireland) is a global diversified technology and multi-industrial leader serving a wide range of customers in more than 150 countries. The company designs, manufactures, and sells fire protection and security products, including intrusion security, anti-theft devices, access control, VSaaS and video management systems, for commercial, industrial, retail, residential, small business, institutional, and governmental customers worldwide. Several tailored managed video solutions, such as video and audio alarm verification, video assistance, and video escort assistance, are offered by the company. It also offers cloud security services for thousands of businesses. The company is focused on expanding its presence across different market segments through acquisitions and partnerships. As part of this strategy, in August 2020, Johnson Controls acquired the remaining stake of Qolsys Inc. (US) to expand its presence across residential, commercial, and smart building solutions.

Industrial Communication Companies - Cisco Systems, Inc. (US) and Siemens (Germany) are the Key Players

 The Industrial Communication Market is projected to reach from USD 21.9 billion in 2023 to USD 29.0 billion by 2028; it is expected to grow at a CAGR of 5.7% from 2023 to 2028. The industrial communication market's overall growth is driven by the growing need for scalable, faster, reliable, and interoperable communication protocols, increasing use of digital twin to safely monitor smart manufacturing operations, initiatives undertaken by governments of different countries to promote the adoption of industrial automation, and increasing use of machine-to-machine communication technology.

Major Industrial Communication companies include:

·         Cisco Systems, Inc. (US),

·         Siemens (Germany),

·         Rockwell Automation (US),

·         OMRON Corporation (Japan),

·         Moxa Inc. (Taiwan),

·         Huawei Technologies Co., Ltd. (China),

·         SICK AG (Germany),

·         Schneider Electric (France),

·         ABB (Switzerland),

·         Belden Inc. (US),

·         GE (France),

Advantech Co., Ltd (Taiwan), FANUC CORPORATION  (Japan), Bosch Rexroth AG (Germany), AAEON Technology Inc. (Taiwan), HMS Networks (Sweden), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan),  Ericsson (Sweden), Hans Turck GmbH & Co. KG (Germany), ACS Motion Control (Israel), Eaton (Ireland), Beckhoff Automation (Germany), Hitachi, Ltd. (Japan)  are some of the key players in the industrial communication market.

CISCO SYSTEMS, INC.

Cisco Systems, Inc. is a communications and information technology company that designs, manufactures, and sells Internet Protocol-based networking devices and services. Cisco Systems Inc., hardware, software, and services that it offers are utilized to provide Internet solutions that enable networks to provide easy access to information at any time and from any location. The company sells its goods and services to corporate organizations, commercial businesses, service providers, and consumers, both directly and through channel partners. The company offers a wide range of products in networks, wireless and mobility, and unified communication.

SIEMENS

Siemens is positioned globally in the fields of electrification, automation, and digitalization. It is a leading supplier of power generation, transmission, and medical diagnosis systems. The company also plays a pioneering role in infrastructure and industrial solutions. Siemens operates its industrial business through the Digital Industries, Smart Infrastructure, Siemens Healthineers, Siemens Financial Services, and Mobility segments. The Digital Industries segment offers a wide-ranging product portfolio and systems solutions for automation in discrete and process industries. These offerings comprise automation systems and software for factories, motors, numerical control systems, drives, and inverters, and integrated automation systems for machine tools and production machines. This segment also provides process control systems, machine-to-machine communication products, and radio frequency identification systems.

ROCKWELL AUTOMATION

Rockwell Automation is the continuation of the business established as the Allen-Bradley Company. The privately owned Allen-Bradley Company was one of the leading North American manufacturers of industrial automation equipment. The former Rockwell International Corporation (RIC) acquired it in 1985. It is one of the innovators in electrical explosion protection and sensor technologies. The company is involved in manufacturing automation solutions and reliable explosion protection solutions for plants/manufacturing facilities. The company operates through three segments—Intelligent Devices, Software & Control, and Life Cycle Services. The Software and Control systems include hardware, software, and communication products. The company specializes in industrial automation and information and communication technology (ICT) to enhance the productivity of its customers. This integrated portfolio is capable of controlling industrial processes and manufacturing, as well as providing connections to enterprise business systems.

OMRON Corporation

Omron is a global leader in the field of automation. Its business fields cover a broad spectrum, ranging from industrial automation and electronic components to social systems, including automated ticket gates, solar power conditioners, and healthcare products. Its products include control equipment, electronic components, automotive electronic components, social systems, and healthcare devices. The company mainly deals in four businesses: factory automation, healthcare, mobility, and energy management. Omron has been supporting the industrial sector with innovative solutions and advanced technologies. It operates through 5 segments: Industrial Automation Business; Healthcare Business; Electronic and Mechanical Components Business; and Social Systems, Solutions & Service Business. The Industrial Automation Business provides control components and systems for factory automation. It manufactures and sells programmable logic controllers (PLCs), sensors, and switches that are used in automation systems in the automotive industry.

MOXA Inc.

Moxa Inc. is a prominent provider of industrial networking, computing, and automation solutions that enable customers to connect to industrial computing and network infrastructure solutions. The company’s offerings include industrial Ethernet solutions, industrial computing, serial connectivity, IP surveillance, and remote automation. These products and solutions have connected over 65 million devices worldwide in a wide range of applications, including factory automation, smart rail, smart grid, intelligent transportation, oil & gas, marine, and mining. Moxa’s Industrial Ethernet Solutions specialize in automation network convergence that unifies various industrial networks with Ethernet-centric wired, wireless, and serial connectivity into one integrated network architecture. The solutions provide edge-to-core coverage with proven reliability, nonstop redundancy, wide area network/virtual local area network (WAN/VLAN) security, plant-wide integration, and visualized management.

Camera Modules Companies - LG Innotek and OFILM Group Co., Ltd. are the Key Players

 The global camera modules market to grow from USD 43.3 billion in 2023 to USD 68.5 billion in 2028 at a CAGR of 9.6% during the forecast period. The increasing demand for smartphones and other consumer electronics products with built-in cameras, growing popularity of augmented reality (AR) and virtual reality (VR) applications, which require high-resolution camera modules, increasing use of cameras in automotive applications, such as driver assistance systems and parking assistance systems as well as development of new camera technologies, such as 3D cameras and thermal cameras, which are opening up new applications for camera modules. are the major driving factors for the growth of the camera modules market.

Major Camera Modules Companies include:

·         LG Innotek,

·         OFILM Group Co., Ltd.,

·         Sunny Optical Technology (Group),

·         Hon Hai Precision Inc. Co., Ltd. (Foxconn),

·         Chicony Electronics, Sony, Intel and Samsung Electro-Mechanics and so on.

These players have adopted various growth strategies to strengthen their position in the camera modules market. The strategies include product launches, expansions, partnerships, collaborations, and mergers and acquisitions.

Chicony Electronics

Chicony Electronics is mainly engaged in the development, manufacturing, and trading of computer peripheral and electronic products. The company offers its line of offerings throughs two categories including electrical components and consumer electrical products and other electronic devices.  The company’s major product lines include input devices, portable keyboard modules, visual and image products, and camera lens modules. Its products include desktop keyboards, portable computer boards, mouse, and other computer input devices. It also offers camera products such as digital cameras, built-in camera modules for notebook computers, camera modules for mobile phones, and other digital imaging products. The company’s camera module offerings mainly include H.264 wide-angle module, Windows Hello camera module, and global shutter IR camera. The company also has its operations in the US and Japan.

LG Innotek

LG Innotek is a leading global materials and components company that operates through four reportable segments—Optics Solution, Substrate & Material, Automotive Components, and Electronic Components. It supplies its product offerings in the fields of mobile, display, semiconductor, automobile, and IoT. A few of the prime product offerings include smartphone camera modules, substrates and photomasks for display, and semiconductor substrates for communication.

The company provides camera modules as a part of the Optics Solution business segment. The segment offers its camera module technology, to a wide range of industries, including smartphones, automotive, surveillance, and IoT devices. Their camera modules feature high-resolution sensors, advanced optics, and innovative imaging technologies. LG Innotek has a global presence with manufacturing facilities and research centers in several countries, including South Korea, China, Vietnam, the United States, and Europe. This global presence allows them to serve customers worldwide.

OFILM Group

OFILM Group is one of the advanced high-technology manufacturing and assembly companies. With its expertise in optics, electronics, semiconductor packaging, sensor manufacturing, and display technologies, it designs and manufactures high-performance and cost-effective electronic components for the consumer electronics and automotive markets. The company engages in the optics and photoelectric business and intelligent vehicle business through technologies and solutions such as camera modules, optical lenses, advanced sensors, and intelligent driving. The company utilizes thinnest periscope continuous zoom technology and liquid bionic macro technology for its camera module offerings.

Sunny Optical Technology

Sunny Optical Technology is one of the leading Chinese manufacturers of optical components and products. The group engages in the design, research, development, manufacture, and sales of optical and optical-related products.. The Optical Components business segment manufactures and sells lenses and lens modules. The Optoelectronic Products business segment produces cell phone camera modules and photoelectric vision products. The Instrument Business includes microscopic, analytical, and surveying instruments.

Samsung Electro-Mechanics

Samsung Electro-Mechanics develops and manufactures electronic and electrical components. The company develops printed circuit boards (PCBs), chip parts, camera modules, and communication modules. The company operates through three business divisions.These divisions includes Component Solution, Module Solution, and Substrate Solution. The company caters to camera module through the Module Solution business . This business category includes products such as camera modules and communication modules. Th e product offerings provided by the company are used in mobile devices such as smartphones, automobiles, smart home appliances, security solutions, and the Internet of Things (IoT). The camera modules feature high-precision and high-performance actuators used for autofocusing and image stabilization. They hold high-precision design technology and mass production technology for lens, actuator, and PCB, which are the core components of the camera module. The company also offers relevant software technology. A few of the company’s subsidiaries include Dongguan Samsung Electro-Mechanics Co., Ltd. (China), Kunshan Samsung Electro-Mechanics Co., Ltd. (China), Samsung Electro-Mechanics Japan Co., Ltd., and Tianjin Samsung Electro-Mechanics Co., Ltd. (China). The company operates in Asia Pacific, the Americas, and Europe.

FPGA Companies - Advanced Micro Devices (Xilinx, Inc.) (US) and Intel Corporation (US) are the Key Players

 The FPGA market is projected to grow from USD 12.1 billion in 2024 and is projected to reach USD 25.8 billion by 2029; it is expected to grow at a CAGR of 16.4% from 2024 to 2029.

The growth of the FPGA market is driven by the rising trend towards Artificial Intelligence (AI) and Internet of Things (IoT) technologies in various applications and the integration of FPGAs into advanced driver assistance systems (ADAS). 

Major FPGA companies include:

·         Advanced Micro Devices (Xilinx, Inc.) (US),

·         Intel Corporation (US),

·         Microchip Technology Inc. (US),

·         Lattice Semiconductor Corporation (US), and

·         Achronix Semiconductor Corporation (US).

Major strategies adopted by the players in the FPGA market ecosystem to boost their product portfolios, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.

For instance, in October 2023, Achronix Semiconductor Corporation announced a partnership with Myrtle.ai, introducing an accelerated automatic speech recognition (ASR) solution powered by the Speedster7t FPGA. This innovation enables the conversion of spoken language into text in over 1,000 real-time streams, delivering exceptional accuracy and response times, all while outperforming competitors by up to 20 times.

In May 2023, Intel Corporation introduced the Agilex 7 featuring the R-Tile chiplet. Compared to rival FPGA solutions, Agilex 7 FPGAs equipped with the R-Tile chiplet showcase cutting-edge technical capabilities, providing twice the speed in PCIe 5.0 bandwidth and four times higher CXL bandwidth per port.

ADVANCED MICRO DEVICES, INC. (FORMERLY XILINX, INC.):

AMD offers products under four reportable segments: Data Center, Client, Gaming, and Embedded Segments. The Data Center segment offers CPUs, GPUs, FPGAs, DPUs, and adaptive SoC products for data centers. The portfolio of the Client segment consists of APUs, CPUs, and chipsets for desktop and notebook computers. The Gaming segment provides discrete GPUs, semi-custom SoC products, and development services. The Embedded segment offers embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC devices. AMD offers its products to a wide range of industries, including aerospace & defense, architecture, engineering & construction, automotive, broadcast & professional audio/visual, government, consumer electronics, design & manufacturing, education, emulation & prototyping, healthcare & sciences, industrial & vision, media & entertainment, robotics, software & sciences, supercomputing & research, telecom & networking, test & measurement, and wired & wireless communications. AMD focuses on high-performance and adaptive computing technology, FPGAs, SoCs, and software.

Intel Corporation:

Intel Corporation, based in the US, stands as one of the prominent manufacturers of semiconductor chips and various computing devices. The company's extensive product portfolio encompasses microprocessors, motherboard chipsets, network interface controllers, embedded processors, graphics chips, flash memory, and other devices related to computing and communications. Intel Corporation boasts substantial strengths in investment, marked by a long-standing commitment to research and development, a vast manufacturing infrastructure, and a robust focus on cutting-edge semiconductor technologies. For instance, in October 2023, Intel announced an expansion in Arizona that marked a significant milestone, underlining its dedication to meeting semiconductor demand, job creation, and advancing US technological leadership. Their dedication to expanding facilities and creating high-tech job opportunities is a testament to their strategic investments in innovation and growth.

Anti-Drone Companies - RTX (US) and Lockheed Martin Corporation (US) are the Key Players

The global anti-drone market was valued at USD 1.2 billion in 2022 and is projected to reach USD 5.2 billion by 2028; it is expected to register a CAGR of 26.6% during the forecast period. Increasing government spending on counter-drone technologies and rising incidence of critical infrastructure security breaches by unauthorized drones are attributed to the ever-increasing demand for anti-drone systems.

Major Anti-Drone companies include:

·         RTX (US),

·         Lockheed Martin Corporation (US),

·         Leonardo S.p.A. (Italy),

·         Thales (France),

·         IAI (Israel),

·         Rafael Advanced Defense Systems Ltd. (Israel),

·         Blighter Surveillance Systems Limited (UK),

·         DroneShield Ltd (Australia),

·         Dedrone (US),

·         Accipiter Radar (Canada),

·         Boeing (US),

·         Moog Inc. (US),

·         HENSOLDT (Germany),

·         ApolloShield (US),

·         Saab (Sweden),

·         Northrop Grumman (US),

·         MBDA (Germany),

·         ASELSAN A.S. (Turkey),

·         DeTect, Inc. (US),

·         Battelle Memorial Institute (US), ART (Spain), Drone Defence (UK), Drone Major (England), SkySafe (US), BlueHalo (US), Fortem Technologies (US), D-Fend Solutions AD Ltd. (Israel), and CERBAIR (France) are some of the key players in the anti-drone market.

RTX

The Raytheon Missiles & Defense segment functions as a primary contractor or key subcontractor for multiple projects within the US Department of Defense, encompassing branches, such as the US Navy, US Army, Missile Defense Agency, US Air Force, and various international governments. Raytheon Australia, Speed Queen (US), Blue Canyon Technologies (US), Pratt & Whitney (US), and Microtecnica (Brazil) are its subsidiaries. It has a presence in over 30 countries, including the US, the UK, Australia, Saudi Arabia, and the UAE.

Lockheed Martin Corporation

Lockheed Martin Corporation operates as a global security and aerospace company engaged in researching, designing, developing, manufacturing, and integrating technologies, systems, products, and services. The company operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

 

This segment is dedicated to activities, such as air and missile defense systems, tactical missiles, air-to-ground precision strike weapons, logistics, fire control systems, mission operations support, engineering support, integration services, manned and unmanned ground vehicles, and energy management solutions.

Leonardo S.p.A.

Leonardo S.p.A. operates in the aerospace, defense, and security sectors. The company operates through six reportable segments: Helicopters, Defence Electronics and Security, Aircraft, Aerostructures, Space and Other Activities. The Helicopters segment designs commercial and military rotorcrafts. The Helicopters segment manufactures complete tactical airlifters, combat aircraft, and unmanned air vehicles for civil and military applications. Under this segment, it specializes in designing rotorcrafts for commercial and military purposes. The Defence, Electronics & Security segment is engaged in information management, sensors, and systems integration businesses and delivers systems for critical missions, military sustainment requirements, and homeland security. It also provides combat support systems and services; unmanned, automation and electronic systems; missile systems; sensors, radars, and communications for airborne, land, naval, and underwater applications; artillery, power, and propulsion systems; weapon systems; torpedoes; and armored vehicles.

Leonardo DRS, a wholly owned subsidiary of Leonardo S.p.A., offers counter UAS systems and solutions through the Defence, Electronics & Security segment. This segment is involved in activities, such as information management, sensor technology, and system integration. It also delivers systems crucial for critical missions, military sustainability, and homeland security. It produces missile systems, torpedoes, naval artilleries, and armored vehicles.

Thales

Thales is a holding company that manufactures and sells electronic equipment and systems for the aeronautics, naval, and defense sectors. The company was formed in 1968 and is headquartered in Paris, France. Compagnie Francaise Thomson-Houston (CFTH) was founded in 1893, and in 1919, its name was changed to Compagnie General de Telegraphie Sansfil (CSF). Furthermore, the merger between CSF and Thomson-Brandt led to the formation of Thomson-CSF in 1968, and in 2000, the company changed its name to Thales.

Thales is a global technology leader in the aerospace, transport, aerospace & defense, digital identity, and security markets. The company produces, promotes, and distributes electronic equipment and systems within the aeronautics, naval, and defense sectors. It operates through the following segments: Defense and Security, Digital Identity and Security, Aerospace, and Others.

UV Curing System Companies - Heraeus (Germany) and Nordson (US) are the Leading Key Players

The UV curing system market is projected to reach USD 8.6 billion by 2026 from USD 3.6 billion in 2021; it is expected to grow at a CAGR of 18.6% from 2021 to 2026. The growth of the UV curing system market in North America is mainly driven by large-scale funded programs by the government. Moreover, the high adoption rate and technological advancements also drive the growth of the UV curing system market in North America.

The North American region is the largest market as the region is home to major players in the market such as Dymax (US), Phoseon (US), and Baldwin Technology (US). Stringent regulatory framework by agencies such as EPA (Environment Protection Agency) and the American Industrial Hygiene Association (AIHA) is playing a key role in the monitoring and commercialization of UV curing technology. The large share enjoyed by the region is due to the vast presence of various large—scale automotive and medical machinery manufacturers.

The outbreak of the novel coronavirus is expected to affect the UV curing system market, but steady recovery is expected by 2022. The expansion of the market is due to the rising demand from the semiconductor & electronics industry as well as from the medical sector. Developing countries in APAC have a vast growth potential as well as a favorable environment for product manufacturers. Therefore, the UV curing system market in APAC is expected to grow at the highest rate during the forecast period.

Growing inclination toward eco-friendly products, along with stringent regulations regarding use of green products would further fuel the adoption of UV curing systems in APAC. Furthermore, greater benefits of UV Curing systems than traditional curing systems and rising demand of UV LEDs across industries are also favoring the growth of the UV curing system market in the region.

High-growth prospects of UV curing technology in new applications and preference for UV technologies for print label and packaging due to COVID-19  are the major opportunities for the UV curing system market. On the other hand, factors such as the lack of awareness and high cost of UV curable coatings and limited depth of curing are restraining the growth of the UV curing system market. Risks related to hazardous effects of mercury present in UV mercury lamps, slowdown in production of manufacturing industries due to COVID-19 and cracking defects on UV curable coating products are few challenges that the manufacturers are facing.

Major UV Curing System companies include:

·         Baldwin Technology (US),

·         Dymax (US),

·         Nordson (US),

·         Excelitas Technologies (US),

·         Heraeus (Germany),

·         Phoseon Technology (US),

·         Hönle (Germany),

·         DELO (Germany),

·         IST Metz (Germany),

·         American Ultraviolet (US),

·         Hanovia (US),

·         Omron Corporation (Japan),

·         Uvitron (US),

·         Atlantic Zeiser (Germany),

·         Benford UV (US),

·         Miltec UV (US),

·         Thorlabs (US)

Top 2 Players in UV curing system Market:

HEREUS

Heraeus is a technology group focusing on precious and special metals, medical technology, quartz glass, sensors, and specialty light sources. The company offers UV curing systems through its subsidiary, Heraeus Noblelight.

Heraeus Noblelight is a key player in designing and manufacturing xenon & krypton arcs and flash lamps. It offers its services to including steel, electronics, chemicals, automotive, and telecommunications industries. The company has more than 100 subsidiaries in 38 countries, including Germany, China, the US, and the UK.

NORDSON

Nordson offers precision dispensing, fluid management, and related technologies. Its microwave-powered ultraviolet (UV) curing systems offer durable and cost-effective performance for curing liquids, powders, coatings, adhesives, and sealants.  Such UV curing systems deliver application flexibility with a range of precisely focused and flood reflector geometries in wood, plastic, glass, and other heat-sensitive substrates. The company offers products and systems in dispensing, applying & controlling adhesives, industrial coatings, sealants, paints, polymers, and biomaterials. It offers products for aerospace, agriculture, lawn, garden, appliance, automotive and transportation, chemicals, construction and architecture, defense, medical, electrical, electronics and semiconductor, and energy. It has manufacturing sites in the US, Belgium, Germany, India, Netherlands, Thailand, the UK, and China.

Nordson conducts business through 2 divisions: advanced technology solutions and industrial precision systems. UV curing systems with several applications related to coating and drying using UV LED is offered by the industrial coating systems segment.

Wearable Technology Companies - Apple Inc. (US) and Samsung Electronics Co., Ltd (South Korea) are the Key Players

The global wearable technology market size is projected to grow from USD 116.2 billion in 2021 to USD 265.4 billion by 2026; it is expected to grow at a CAGR of 18.0% from 2021 to 2026. Factors such as growing consumer preference for sleek and compact devices in fitness and healthcare applications and the rising popularity of IoT and connected devices are driving the growth of the market during the forecast period.

Major Wearable Technology companies include:

·         Samsung Electronics Co., Ltd (South Korea)

·         Apple Inc. (US)

·         Fitbit Inc. (US)

·         Garmin Ltd.(Switzerland)

·         Huawei (China)

·         Sony Corporation (Japan)

·         Google LLC (US)

·         LG (South Korea)

·         Xiaomi Corporation (China)

·         Microsoft (US)

Apple Inc. is one of the most innovative companies which designs and develops hardware, application software, and services for different consumer electronic products. The company has a prominent focus on R&D activities and is extremely innovative. In the wearable technology market, Apple offers a series of smartwatches with iOS. Apple Watch enables users to communicate in new ways from their wrist and track their health and fitness and offers workout apps and contactless payments through Apple Pay. Apple Watch Series 6 is specifically designed for contactless and secure payments and fitness and healthcare purposes. The company focuses on R&D activities to gain a competitive advantage. Also, the company’s growing investments in R&D have enabled it to expand its product portfolio in wearable technology.

Samsung Electronics Co., Ltd. was among the leading players in the wearable technology market in 2020. Samsung Electronics is a multinational conglomerate company. The company manufactures and sells consumer electronic products. To cater to the huge demand for wearable technologies, the company has a separate portfolio. The company’s premium smartwatch series Gear S, Gear Circle, Gear Fit, and Gear VR are the backbone of its wearable portfolio. Samsung competes against technology-intensive firms such as Apple, Google, and Sony, creating a strong competitive edge. The company’s R&D investment is increasing yearly, which is the major reason behind new product developments and the company’s growth.

 

Xiaomi Corporation is one of the largest global wearable device providers. The company designs, manufactures, and markets smartphones, wearable devices, and other consumer electronics. The company’s product range includes smartphones, smartwatches, smart wristbands, wireless routers, tablets, TVs, and power banks. Xiaomi entered the wearable space in 2014. The company offers a wide product portfolio, which includes smart bands and smartwatches. Until 2019, Xiaomi smartwatches and bands with the payment technology were available only in China. However, the company is expanding its foothold in contactless technology in other countries as well. In June 2020, Xiaomi and Mastercard launched Mi smart band 4 NFC with the contactless payment function in Russia. Xiaomi continues to view product developments and collaborations as a major part of its growth strategy. Such product developments and collaborations are intended to augment growth, expand its business with new technologies and products, and enhance its geographical reach.

Semiconductor Intellectual Property (IP) Market Size, Share, Industry Report, and Growth Drivers – 2029

 The semiconductor intellectual property (IP) market was valued at USD 7.5 billion in 2024 and is projected to reach USD 11.2 billion by 2029; it is expected to grow at a CAGR of 8.5% from 2024 to 2029. Factors such as increasing demand for advanced semiconductor components in telecom & data centers, and automotive sector, and expanding embedded digital signal processor IP and programmable digital signal processor IP segments create lucrative opportunities whereas constant technological changes resulting in increased expenditure, and concerns related to Moore’s law major restraint for the growth of the semiconductor intellectual property (IP) market.

Driver: Increasing demand for electronics in healthcare and telecommunications industries

After the recent pandemic, the demand for new and advanced medical equipment to conduct analysis and diagnosis has increased in the healthcare industry. Portable medical equipment, for instance, patient monitoring devices, witnessed a surge in demand throughout the pandemic.  The increased global awareness has created an immense demand for personal monitoring devices even after the pandemic.

Large infrastructure equipment, such as medical imaging systems and biochemical analysis equipment, is used in the healthcare industry. These instruments feature low system noise and consume less power; this was made possible because of semiconductor intellectual property (IP) licensing available to medical device manufacturers, helping them solve unique design challenges. Conventional medical equipment has long relied on software solutions and complex electronics to function.

The telecommunications industry also saw an increased demand for electronics during the pandemic due to the implementation of work from home (WFH) and remote learning policies. Easy-to-use communication tools that enable remote work and learning, as well as teleconferencing instruments witnessed a huge spike in demand during the pandemic period.

Semiconductor IPs are used in the telecommunications vertical for networking, video communication, voice communication, wired infrastructure, and wireless infrastructure telecommunication equipment manufacturing.

Restraint: Concerns related to Moore’s Law

According to Moore’s Law (stated by Gordon Moore, the founder of Intel, in 1965), the number of transistors in a dense integrated circuit will double approximately every two years. Moore’s words were true to an extent, but this increase in the number of transistors reached 3 billion, built over an advanced 14 nanometer (nm) manufacturing process. This technological advancement offered long battery life, computing, video capturing, mobile connectivity, and security features. However, no further advancements in IC technology were noted as the industry players continued to fail to develop a new process node of sizing less than 10 nm. This could mean that Moore’s Law becomes irrelevant. This can either cause a slowdown in semiconductor market growth, or end IC development. It could also result in new beginnings for the semiconductor industry, leading to modern technologies such as silicon photonics.

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Opportunity: Rising demand for advanced semiconductor components in automotive and telecommunications & data center verticals

Companies in the telecom & data centers, and automotive sector rely on sophisticated, complex electronic systems. The increasing demand for electronics and semiconductor components in these sectors created the need for innovative design solutions for chip manufacturing. The applications of MCUs, MPUs), analog ICs, sensors, interfaces, and memory in EVs, HEVs, autonomous vehicles and premium vehicles are increasing. As the significance of electronics mobility, connected cars, and vehicle connectivity increases, the demand for small gadgets with high functionality and performance improvements in the automotive sector is also expected to increase rapidly. Thereby, creating opportunities for players operating in the semiconductor intellectual property (IP) market.

Challenges: Increasing IP thefts and counterfeiting

 A majority of IP thefts, counterfeiting, and conflicts take place in Asia Pacific. IP thefts and counterfeiting lead to prohibitive costs. IP thefts mainly take place in ASIC and FPGA semiconductor intellectual property (IP) cores; this has been a major area of concern in other critical submarkets of the semiconductor intellectual property (IP) market.

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