Wednesday, 14 December 2022

Hardware Encryption Industry worth $357 million by 2027

 The report "Hardware Encryption Market by Product Type (External HDD, Internal HDD, SSD, Inline Network Encryptor, USB Flash Drive), Application (Consumer Electronics, Aerospace & Defense, Transportation, Healthcare) and Region – Forecast to 2027" The global hardware encryption market is projected to grow from USD 271 million in 2021 to USD 357 million by 2027, at a CAGR of 4.8% during the forecast period from 2022 to 2027.Extensive acceptance of cloud computing, and substantial development and growth of IoT in various industries create opportunities whereas increasing apprehension over data security and confidentiality, compliance with data privacy security regulations and standards, and development of digital content are the key drivers.

External Hard Disk Drive is expected to hold the second-largest share of the market during the forecast period

External Hard Disk Drive holds the second-largest market share and is expected to retain its position as second-largest during the forecast period from 2022-2027. Post-pandemic, companies worldwide have switched to a hybrid model of working, which includes both working from home and the office to ensure employees’ health and safety. This has led to employees working remotely and from their office desks both. As a large volume of data, which is generated from remotely operated machines, requires to be managed in leading IT companies, the adoption of external hard disk drives has increased and is expected to increase more in the future considering their portability, high storage capacity, reduced price, and security features.

Transportation application in Asia Pacific dominated the market in 2021

Transportation application in Asia Pacific dominated the market and accounted for ~58% in 2021, considering the presence of automotive companies with massive production plants in the region, such as Maruti Suzuki India Limited (India), Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), and others. The embodied encrypted products are connected during the manufacturing stage, which makes them of utmost importance in manufacturing companies. With the increase in the adoption of IoT-enabled products in automobiles, the demand for hardware encryption has increased. In addition to these direct applications in the transportation sector, hardware encryption is also used for securing computing devices, which contain confidential data such as sales data, payment card details for intelligent parking and automated toll collection, passengers details, and others.

China in Asia Pacific accounts for largest market share of hardware encryption market during forecast period

China in Asia Pacific holds the largest market share and is expected to retain its position as the largest during the forecast period from 2022 to 2027. China is one of the leading countries in the adoption of encryption solutions. The country is increasingly investing in encryption solutions to combat data breach scams, which are on the rise. Many enterprises are moving toward digital transformation and becoming more customer centric. Owing to these factors, hardware encryption is being adopted rapidly.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1115

With the emergence of the country as a global manufacturing hub, the demand and consumption of hardware-encrypted devices are expected to increase in China during the forecast period. It is one of the largest automobile manufacturers in the world, as well as a leading producer of consumer electronics such as smartphones and tablets. Both these automotive and consumer electronics industries use hardware encryption-enabled products and solutions. However, the market in China is influenced by several cultural and social factors, with the concept of encryption being looked down on in some parts of the country owing to its cultural preference for transparency. This may hinder the growth of the hardware encryption market in China.

Some of the key companies in the hardware encryption market include Western Digital Technologies, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Micron Technology, Inc. (US), Kingston Technology Corporation (US), Seagate Technology Holdings PLC (US), NetApp, Inc. (US), KIOXIA Holdings Corporation (Japan), Kanguru Solutions (US), Intel Corporation (US), WinMagic Inc. (Canada), Maxim Integrated Products, Inc. (US), Thales e-Security, Inc. (US), McAfee, LLC (US), Broadcom Inc. (US), etc.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook

Tuesday, 6 December 2022

Sports Technology Industry worth $41.8 billion by 2027

 According to the new market research report "Sports Technology Market by Technology (Devices, Smart Stadiums, Sports Analytics, Esports), by Sport (Soccer, Baseball, Basketball, Ice Hockey, Rugby, Tennis, Cricket), End User (Sports Associations, Clubs, Leagues) and Region - Global Forecast to 2027" The sports technology market is estimated to grow from USD 21.9 billion in 2022 to reach USD 41.8 billion by 2027; it is expected to grow at a CAGR of 13.8% from 2022 to 2027. The growth of the sports technology market can be attributed to increasing focus on delighting and engaging fans at stadiums, growing pressure to improve player and team performance, and surging adoption of esports technology.

The sports technology market for devices is expected to hold largest share in 2023.

The high market share is expected to be driven by the increasing adoption of smartwatches and smart wristbands for tracking the performance of athletes. The sale of smartwatches continued at a higher rate through online retail channels, as many consumers have been using smartwatches to monitor their health and fitness during the lockdown, leading to higher adoption in sports as well. For instance, in July 2022, Garmin launched the world’s first dedicated GPS-running smartwatch with solar charging, the Forerunner 955 Solar, with up to 49 hours of battery life in GPS mode.

The sports technology market for sports athletes is expected to grow at the highest CAGR during the forecast period.

Advancement in sports technology is booming as teams are becoming more concerned about athlete performance and health. Athlete performance technologies, such as wearable devices and sensors, are being used to optimize training, game-day decision-making, and recovery. Companies such as NormaTec, Rapid Reboot, and Air Relax are offering pneumatic recovery units to help athletes enhance blood flow and circulation, improving recovery after a hard workout or big game.

The sports technology market in North America is expected to hold the largest size during the forecast period.

The sports technology market in North America is expected to hold the largest share during the forecast period. The US is the home of many leagues and teams, leading to increased demand for technologically advanced stadiums. For instance, Sofi stadium in the US has over 2,500 Wi-Fi 6 access points which offer faster speeds for immersive-experience applications. Numerous smart stadium vendors have their presence in the US and are leveraging advanced technology to provide a better and more connected stadium for their spectators. For instance, Cisco and Hollywood Park entered a partnership that forms the technology leader as the IT network services partner of SoFi Stadium and Hollywood Park.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104958738

Key players in the sports technology market include IBM (US), Ericsson (Sweden), Cisco (US), Fujitsu (Japan), Huawei (China), Intel (US), SAS Institute (US), SAP (Germany), Oracle (US), NEC Corp.(Japan), Sharp Corp. (Japan), Samsung Electronics (South Korea), Fitbit (US), Apple Inc. (US), Garmin Ltd. (US), Xiaomi Corp. (China) Sony Group Corp. (Japan), Panasonic Corp. (Japan), Modern Times Group (Sweden), Activision Blizzard (US), Tencent Holdings Ltd. (China), Catapult (Australia), and Zebra Technologies (US). Most of the leading companies have adopted partnerships and acquisitions as key strategies to boost their revenues in the sports technology market.

 

 

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Friday, 7 October 2022

FPGA Market expected to reach $15.5 billion by 2027

 The report "FPGA Market by Configuration (Low-End FPGA, Mid-Range FPGA, High-End FPGA), Technology (SRAM, Flash, Antifuse), Node Size (≤16 nm, 20–90 nm, and >90 nm), Vertical and Region (North America, Europe, APAC, RoW) – Global Forecast to 2027" The FPGA market is projected to grow from USD 8.0 billion in 2022 and is projected to reach USD 15.5 billion by 2027; it is expected to grow at a CAGR of 14.2% from 2022 to 2027. The growth of this market is driven by factors such as increasing deployment of data centers and high-performance computing (HPC), rising demand for FPGA hardware verification in avionics, and rising adoption of FPGAs in ADAS.

High-end FPGA segment is expected to grow at the high CAGR from 2022 to 2027.

High-end FPGA segment is expected to grow at high rates over the forecast period. High-end FPGAs have high-level integration architecture. These devices offer superior performance and high bandwidth. High-end FPGAs are equipped with the next-generation hard processor systems for improved performance and high-speed interface. They are mainly used in wired and wireless infrastructure equipment, test and measurement equipment, defense systems, and computers. Growing demand for high-end FPGAs from medical, military, networking (service provider), and telecommunications will further contribute the market growth over the forecast period.

The ≤ 16 nm segment in FPGA market is expected to be the fastest growing node size segment during the forecast period.

The ≤ 16 nm segment is projected to be the fastest growing node size segment during the forecast period. The high growth rate is attributed to the miniaturized footprint and high-speed processing capabilities of the ≤ 16 nm process technology. FPGAs with ≤ 16 nm technology offers higher logic density than traditional FPGA devices. They are optimized to high bandwidth workloads such as high–performance computing (HPC), artificial intelligence (AI), and machine learning. These FPGAs can eliminate the performance bottlenecks associated with the traditional FPGA devices in the market.

Data centers & computing vertical of FPGA Market to record highest CAGR FROM 2022 TO 2027.

The data centers & computing segment is expected to account for the highest CAGR of the FPGA market from 2022 to 2027. The high growth rate is credited to the increasing data center facilities worldwide. In May 2022, NTT Communications (Japan) launched a new hyperscale datacenter in Mumbai, India. The company also aims to open 8 new data centers by the end of 2024. In February 2022, the National Development and Reform Commission (NDRC), China, which is the countrys top economic planner, announced to build 10 new data center clusters in the country. These data centers need to be workload-optimized to adapt to dynamic shifts in latency, power requirements, and data throughputs. FPGAs are well suited for compute-intensive workloads in data center applications. The proposed data centers will foster new market opportunities for FPGA providers over the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194123367

Asia Pacific will hold the largest FPGA market share from 2022 to 2027.

Asia Pacific will hold the largest FPGA market share from 2022 to 2027. Increased production of automobiles in China will support the FPGA market growth across Asia Pacific. China ranks first in the production of motor vehicles in Asia Pacific. According to the International Organization of Motor Vehicle Manufacturers, China produced 26.08 million units of vehicles in 2021. Vehicle production increased by 3% y-o-y compared to 25.22 million units in 2020. Vehicle networking and connectivity systems, automotive infotainment systems, and electric vehicles (EVs) are some application areas of FPGAs in the automotive sector. The rising adoption of electric vehicles and deployment of EV charging stations across the country will further add growth opportunities for FPGA vendors in the region.

Key players in the FPGA market include Xilinx, Inc. (Advanced Micro Devices, Inc.) (US), Intel Corporation (US), Microchip Technology Inc. (US), Lattice Semiconductor Corporation (US), Achronix Semiconductor Corporation (US), QuickLogic Corporation (US), Efinix, Inc. (US), Flex Logix Technologies, Inc. (US), GOWIN Semiconductor Corporation (China), and S2C (China).

Apart from these, Renesas Electronics Corporation (Japan), AGM Microelectronics (China), Shanghai Anlu Information Technology Co., Ltd. (China), Shenzhen Ziguang Tongchuang Electronics Co., Ltd. (China), Xian Zhiduoji Microelectronics Co., Ltd. (China), LeafLabs, LLC (US), Aldec, Inc. (US), and Mistral Solutions Pvt. Ltd. (India), are among a few emerging companies in the FPGA 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

Friday, 30 September 2022

Motion Control Market Share, Size, Trends - [2022-2027]

The global motion control market size is estimated to be USD 15.5 billion in 2022 and is projected to reach USD 20.0 billion by 2027, at a CAGR of 5.2%.

Growing demand for industrial robots in manufacturing processes and ease of use and integration of components within motion control systems are few of the primary factor driving the market growth. Moreover, adoption of Industry 4.0 by manufacturing firms is one of the opportunity for the growth of market.

Motion Control Market Segmnt Overview

Drives are the fastest growing segment in motion control market during forecasted period

Drives offer a wide range of advantages for automatic machining systems, including superior positioning, speed, and motion control. Drives offer a way to control the speed of electric motors.

In applications where the load is subject to change, speed control provides an excellent way to save energy. The use of drives enables a more detailed and precise motor control, which improves the productivity of machines and equipment. Drives find applications in every area where a motor is required. Drives allow changing the positioning and speed according to the needs of the manufacturers. They also help automate the manufacturing process by providing the flexibility of making changes according to the needs of the manufacturing environment.

Motion control systems are extensively used in automotive industry in 2021

Automotive is one of the fastest-growing industries, among others in the market. Motion control is also used in the automotive test system for performance testing, structural testing, durability testing, component testing, etc. Components such as servo valves, actuators, and controllers are mainly used for this purpose.

In the current highly competitive world, the companies in the automotive industry are experimenting by integrating new technologies that have the potential to boost the production process. Technological innovations such as electric- and gas-powered vehicles lead to infrastructural changes in the automotive industry; also, the latest machines and equipment have eliminated the need for human operators for most of the crucial processes in the automotive industry. The global automotive industry is growing rapidly due to the emergence of new concept vehicles that employ eco-friendly technologies.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98406125

Asia Pacific is expected to hold the largest market of motion control during forecasted period

The increasing automation activities in several industries, such as the use of customized robots for different applications, high growth in machine tool production, and other sectors related to the production of smartphones and automobiles, which include electronics assembly and semiconductor machinery, are some of the reasons for the growth of the motion control products market in Asia Pacific.

China, Japan, and India are the major markets for motion control in Asia Pacific. These countries have a considerable market size and scope for developing the motion control industry. Some of the key players in the motion control market in Asia Pacific are Yaskawa Electric Corporation (Japan), OMRON Corporation (Japan), and Mitsubishi Electric Corporation (Japan).

The countries in the Asia Pacific market considered in this study have the presence of a large number of small- and mid-sized enterprises (SMEs). However, during the outbreak of COVID-19, the manufacturing industries had impacted negatively in the region. Social distancing norms and low product demand have forced industry players to limit production. Further, the restrictions on the export of products had led to a decline in the sale of motion control products. As the neighboring countries have been linked to one another through trade relations and supply chains, the entire region was adversely affected by the outbreak of COVID-19 in 2020.

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

Monday, 26 September 2022

Automotive Artificial Intelligence Market by Size, Share, Trend (2022-2027)

 The automotive artificial intelligence market size is valued at USD 2.3 Billion in 2022 and is anticipated to be USD 7.0 Billion by 2027; growing at a CAGR of 24.1% from 2022 to 2027. Factors such as rising demand for enhanced user experience and convenience features and the growing adoption of ADAS technology by OEMs are driving the growth of the market during the forecast period.

Driver: Rising demand for enhanced user experience and convenience features

Human-machine interface (HMI) solutions for the automotive industry have become easier to control and operate, thus enhancing user experience. Such solutions can give a user control over applications such as music systems, vehicle lights, and infotainment systems. Earlier, the electronics system in a vehicle accounted for just 1–2% of the vehicle cost, but due to the increasing demand for enhanced user experience and convenience features, the share has increased to 8–12%.

Restraint: Increase in the overall cost of vehicle

Autonomous vehicles are anticipated to be highly-priced chiefly due to the introduction of new commercialized technological systems. Most of the advanced technologies are embedded in luxury and premium cars, which have a limited customer base owing to their high price. Hence, a high vehicle cost is likely to dampen market growth. The demand for expensive autonomous vehicles is anticipated to be moderate, as compared to semi-autonomous vehicles.

Opportunity: High potential of in-car payments

Among the newest developments, in-car payments are designed to revolutionize how customers refuel, pay for parking or tolls, and possibly even how users do their grocery shopping. Open Banking, which enables clients to pay directly from their bank and reduces any friction or security risks in their payment journey, could be used to implement in-car wallets and payment systems. By streamlining transaction fees and providing a more seamless consumer experience overall, would reduce the need for third-party payment networks.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248804391

Challenge: Effect of unfavorable weather on sensors

One of the main difficulties with driverless automobiles is bad vision. Self-driving cars use a variety of sensors, including camera sensors, radars, and lidars, to detect pedestrians, cyclists, or other vehicles on the road, and gauge their speed and distance. A self-driving car's control system receives data from the sensors, and t processes it. The system then determines whether to stop, turn left or right, proceed, or, if necessary, shift into reverse.

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         

Tuesday, 20 September 2022

Household Robots Market worth $19.3 billion by 2027

 The report "Household Robots Market by Offering (Products, Services), Type (Domestic, Entertainment & Leisure), Distribution Channel (Online, Offline), Application (Vacuuming, Lawn Mowing, Pool Cleaning) and Geography – Global Forecast to 2027" The global household robots market is projected to grow from USD 9.2 billion in 2022 to USD 19.3 billion by 2027, at a CAGR of 16.0% during the forecast period from 2022 to 2027. The growth of this market is driven by the increasing demand for robots in the domestic segment, growing demand for autonomous robots, increasing government initiatives for the development of robotic technologies, and rising use of IoT in robots for cost-effective predictive maintenance.

Pool cleaning applications held second-largest share of household robots market in 2021

Pool cleaning applications held the second-largest share of the household robots market in 2021. A robotic pool cleaner is a highly advanced device for cleaning the pool and is seen as a desirable product in the market. Quick, reliable, and easy features are significant factors that boost product demand in the industry. The growth avenues in the global market are attributed to the increasing disposable income worldwide, which further increases their expenditure capacities on the leisure activities, such as swimming and other related trips. These activities encourage increased involvement in swimming and thus bolster the requirement for the equipment and some other required items to clean the pool.

Domestic robots segment to hold larger market during forecast period

Domestic robots include 4 applications: vacuuming, lawn mowing, pool cleaning, and window cleaning. The vacuuming application has the largest share of the market for domestic robots. The growth of the market for domestic robots can be attributed to the popularity of products such as robotic vacuums, as well as increasing consumer awareness and acceptance of indoor and outdoor smart home appliances. Technological improvements in domestic robots, such as area mapping and voice assistant integration, coupled with the practical benefits of automating household chores, enable them to occupy a larger market share.

North America accounts for second-largest market share of household robots market during forecast period

The North American region held the second-largest share of the household robots market in 2021 by value. This can be attributed mostly to the popularity and sales of robotic vacuums and lawnmowers in the US and Canada. The influx of IoT and the adoption of autonomous technology are strong in this region, thus helping the household robots market grow rapidly.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253781130

Some of the key companies in the household robots market are iRobot Corporation (US), Ecovacs Robotics Co., Ltd. (China), Xiaomi Corporation (China), Maytronics, Ltd. (Israel), Samsung Electronics Co., Ltd. (South Korea), Neato robotics, Inc. (US), Dyson Limited (Singapore), LG Electronics Inc. (South Korea), LEGO A/S (Denmark), Hayward Holdings, Inc. (US), etc.

About MarketsandMarkets™                                                                                                        

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

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

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

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Thin Wafer Market worth $20.6 billion by 2027

 

The report "Thin Wafer Market by Wafer Size (125 mm, 200 mm, and 300 mm), Process (Temporary Bonding & Debonding and Carrier-less/Taiko Process), Technology, Application (MEMS, CIS, Memory, RF Devices, LED, Interposer, Logic) and Geography - Global Forecast to 2027" The thin wafer market is projected to grow from USD 11.4  billion in 2022 and is projected to reach USD 20.6 billion by 2027; it is expected to grow at a CAGR of 12.5% from 2022 to 2027. Rise in the adoption of MEMS technology in portable health monitoring devices coupled with reduction in the sizes of electronic devices, growing smartphone and consumer electronics markets as well a high amount of material saving is expected to fuel the growth of the thin wafer market.

Thin wafer market for LED application expected to witness the highest growth during the forecast period.

The LED application segment is likely to exhibit the highest growth during the forecast period owing to its increasing demand across the globe. Earlier, LEDs were developed through GaN; however, due to the high cost involved in the development of LED through GaN, manufacturers shifted toward thin silicon wafers. A thin wafer offers high conductivity and electrical benefits for LED chips as well as inhibits the optimal utilization of LED chips, which is not possible through GaN. These benefits of thin wafers are expected to drive market growth.

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

 A high growth in the use of 300 mm wafers in applications like LED on account of greater yield offered by these wafers is propelling the growth of the thin wafer market across the world. It has become highly imperative for LED manufacturers to achieve economies of scale and improve profitability, which is offered by these wafers. These wafers offer manufacturers the ability to produce a large number of devices in a single batch. This is one of the reasons companies are developing semiconductor devices that are composed of 300 mm wafers. Moreover the rise in the number of 300 mm wafer fabrication facilities is expected to generate a significant rise in demand for 300 mm wafers.

Wafer dicing technology to dominate the market during the forecast period.

Wafer dicing dominated the thin wafer market in 2021 and is expected to follow the trend during forecast period. The increasing demand for high-speed dicing along with superior breakage strength is contributing to the market growth. Additionally,  the requirement for smaller, high performing, and less costly device configuration for use in applications such as memory devices, logic devices, power devices, and sensors is expected to contribute toward the growth of the wafer dicing equipment market during the forecast period.

Logic application to hold a significant share of the thin wafer market during forecast period.

The demand for logic devices such as microprocessors and digital signal processors is driven by growth in the implementation of server and data center systems across various businesses and industries due to the high penetration of affordable cloud computing solutions. In logic devices, thinning technology is preferred to achieve high-speed processing and reconfigurations. To ensure efficient thermal management and optimize performance, thin wafers are increasingly being used in these devices, thereby contributing to the growth of the thin wafer market for logic devices.s

Americas held significant share of thin wafer market in 2021 and is expected to follow the trend by 2027

Americas is expected to account for a significant of the thin wafer market during the forecast period. The growth of the market can be attributed to the presence of key semiconductor device manufacturers and their fabrication plants in the country. This region is home to a large number of semiconductor companies. Other than extensive globalization, the entry of global players into the region is one of the major reasons for the market growth in the Americas. The growth of the thin wafer market in the region can be attributed to the huge adoption of high-end smartphones, wearables, smart home systems, and automotive communication systems. These devices use thin wafers to minimize power losses and enable the designing of advanced architecture with high system efficiency and greater power density.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255706993

Key players in the thin wafer market include Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), SK Siltron (South Korea), SUSS MicroTec (Germany), Soitec (France), DISCO Corporation (Japan), 3M (US), and Applied Materials (US). Apart from these, Mechatronic Systemtechnik (Austria), Synova (Switzerland), EV Group (Austria), Wafer Works Corporation (Taiwan), Atecom technology Co., Ltd. (Taiwan), Siltronix Silicon Technologies (France), LDK Solar (China), UniversityWafer, Inc. (US) are among a few emerging companies in the thin wafer 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