Sensor Fusion Market worth 6.35 Billion USD by 2022 | MarketsandMarkets

The sensor fusion market is expected to be worth USD 6.35 Billion by 2022, growing at a CAGR of 19.25% between 2016 and 2022. The major drivers for the growth are growing trend of integrating various sensors into the consumer electronics device such as smartphones, tablets, and wearable devices. The extensive use of fusion technology in consumer electronics devices for application such as navigation, optical image stabilisation, gesture recognition, orientation and position detection, activity tracking and others support the growth of market.

The consumer electronics and automotive applications hold the major share of the sensor fusion market. The home automation application is expected to grow at the highest rate in the market during the forecast period, followed by the automotive application. Among the consumer electronic applications, the smart phone, tablet and notebook segment is the largest contributor to the overall market. The market for inertial combo sensors is expected to hold the largest share of the market for product segment. The inertial combo sensor are majorly used in application such as automotive, military and consumer electronics product including smart phone, wearables, gaming consoles among other.

Among the technology segment MEMS-based sensors dominate the sensor fusion market. This can be attributed to the extensive usage of integrated IMU (inertial measurement units) sensors based on MEMS technology in motion sensing devices for applications such as enhanced gesture recognition, gaming, indoor navigation, and localization-based services.

The APAC region held the largest market share and is expected to grow at the highest rate. In APAC, the huge demand for consumer electronics and automobiles from countries such as China, India, Japan, South Korea, and among others is driving the market.

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One of the key restraining factors for this market is the lack of standardization and harmonization process of the MEMS sensor and associated software is hampering the growth of the market. The companies that are profiled in the report are STMicroelectronics (Switzerland), NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corporation (Japan), InvenSense, Inc. (U.S.), MEMSIC, Inc. (U.S.). , Bosch Sensortec GmbH (Germany), Hillcrest labs (U.S.), Kionix Inc. (U.S.), Senion (Sweden), BASELABS (Germany), Analog Devices Inc. (U.S.), and Asahi Kasei Microdevices (Japan).

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

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

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

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Flip Chip Technology Market worth 31.27 Billion USD by 2022 | MarketsandMarkets

The flip chip technology market is expected to reach USD 31.27 Billion by 2022, at a CAGR of 7.1% between 2016 and 2022. The report aims at estimating the size and future growth potential of the flip chip technology market across different segments on the basis of bumping process, packaging technology, packaging type, product, application, and region. Consumer electronics application is expected to be the fastest-growing segment in the flip chip technology market during the forecast period, followed by automotive application.

The scope of this report covers the flip chip technology market by bumping process, packaging technology, packaging type, product, application, and region. The copper pillar process is expected to hold the largest market share of the global market, and it is also expected to be the fastest-growing technology to manufacture chips in various applications during the forecast period. The maximum growth of Cu pillars is driven by the need of finer pitches, higher I/O counts, lithography nodes below 28nm, emergence of 2.5D/3D packaging, and increased current density, and thermal dissipation needs.

The market in APAC is estimated to grow rapidly between 2016 and 2022. Majorly, the demand for flip chip technology is coming from the consumer electronics sector and particularly from smartphones and tablets. As a result, the presence of major companies in this sector such as Samsung (South Korea), Sony (Japan), and many other are driving the flip chip technology market in the APAC region. Additionally, this region is home to three of the major players in flip chip market ASE group (Taiwan), TSMC (Taiwan), and Samsung (South Korea).

The major challenge for the adoption of flip chip technology is the high cost associated with flip chip packaging solutions, which are generated from wafer fabrication vendors, substrate vendors, and assembly/packaging subcontractors. With the added costs of assembly/packaging, the flip chip package becomes a cost-prohibitive option for the customers. The packaging and assembly houses have taken steps toward providing cost-effective solutions by offering flip chip packaging options on a standard leadframe (FCSOL), quad flat pack no leads (QFN), and standard bis-maleimide triazine resin substrates

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Major players in this market are Samsung (South Korea), Intel (U.S.), GlobalFoundries (U.S.), UMC (Taiwan), ASE, Inc. (Taiwan), Amkor Technology (U.S.), STATS ChipPAC (Singapore), Powertech Technology (Taiwan), and STMicroelectronics (Switzerland) among others. These players adopt various strategies such as partnerships, agreements, mergers and acquisitions, and new product developments to achieve growth in the global flip chip technology market. Amkor Technology, which is a market leader in the flip chip technology, has entered into a partnership with Electronics Industry Citizenship Coalition (EICC) to design and develop several package layouts and technologies, including the Package-on-Package (‘PoP’) platform with Through-Mold Via (‘TMV’) technology, fusion quad, flip chip ball grid array (FCBGA), multi-chip modules (MCM) with a silicon interposer placed between the module chips and substrate, copper pillar bumping, and fine pitch copper pillar flip chip packaging technologies. The company has merged with Toshiba’s Malaysian Semiconductor Packaging (Japan) to develop a new research technology in advance semiconductor packaging.

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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Fluid Handling System Market worth 73.28 Billion USD by 2023

The fluid handling system market is projected to be valued at USD 73.28 Billion by 2023, growing at a CAGR of 4.8% between 2017 and 2023. The growth of this market is propelled by the increasing demand for different types of pumps in the oil and gas industry, high demand for advanced systems in the chemical and wastewater management industries, and increased focus on plant automation.

Pumps are expected to hold the largest share of the overall fluid handling system market in 2017. They are used for a wide range of applications. Additionally, the global pump market is increasingly witnessing the adoption of advanced intelligent pump technology, which is further expected to encourage the growth of the market.

The control valves segment is expected to witness the highest growth in the global fluid handling system market during the forecast period. Some of the major drivers for the growth of the control valves market are the increasing need for wireless infrastructure to maintain/monitor equipment in various plants, revenue shift in the industry, rising demand for control valves for oil and gas and subsea application, rising number of new nuclear plants, and enhancement of existing plants.

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The water and wastewater industry is projected to hold the largest share of the overall fluid handling system market during the forecast period. The water and wastewater industry is widely adopting automation and has been integrating centralized control systems to monitor the quality of water. Moreover, it has a strong focus on energy management, and the need to reduce lifecycle costs to improve operating margins would boost the adoption of fluid handling control systems in this industry. Factors such as population growth, especially in urban areas, industrial development, increasing emphasis on wastewater treatment, international commitments and targets, and government policies would drive the growth of the market for the water and wastewater 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.

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Intelligent Platform Management Interface (IPMI) Market worth 3.10 Billion USD by 2022

According to the new market research the report "Intelligent Platform Management Interface (IPMI) Market by Component (Hardware: Baseboard Management Controller (BMC), Sensors & Controls, Memory Devices, and Software), End-Use Application, Vertical, and Geography - Global Forecast to 2022", the intelligent platform management interface market was valued at USD 1.20 Billion in 2015 and is expected to reach USD 3.10 Billion by 2022, at a CAGR of 13.2% between 2016 and 2022. The most significant factor driving the IPMI market is the rising demand for enhanced the server management, along with the reduced cost of ownership, and also increase in ICT spending and growing trend to adopting data center by organizations.  

Hardware component hold the largest share of the intelligent platform management interface market

The hardware component in the IPMI architecture is responsible for the collection of data related to physical characteristics of a server, inventory; logging states; and recovery control. The market for baseboard management controller in the hardware component is expected to grow at the highest rate because with the advancement in processing technologies, along with the increase in amount of data to be handled, the servers and others devices, nowadays, perform more tasks under critical conditions. Therefore, more number of sensors and controls would be integrated which is likely to increase the load in BMC. Hence, upgradation of BMC would be required in future servers to handle more data related to sensors and controls and deliver it to the system administrator in lesser time.

The market for IPMI servers is expected to grow at the highest rate

Servers held the largest share of the IPMI market and the market for the same is also expected to grow at the highest rate during the forecast period. Apart from the fact that the intelligent platform management interface was mainly designed for server management, the remote access of the server has become increasingly very important. The mission-critical server environment has made it important to monitor server health throughout the day. The IPMI provides features such as KVM over IP, IPMI over LAN, and KVM over LAN to remotely access the servers and take corrective actions in case of emergency situation.

North America is the major consumer of the IPMI market

North America is expected to account for the largest share in 2016 of the IPMI market. The Americas is home to many established data centers and cloud providers companies. Also, growing adoption of data center culture by small and medium businesses made the IPMI market to grow exponentially in the North America.

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The report also profiles the most promising players in the IPMI market. The competitive landscape of the market presents a very interesting picture where several big and small players have become a force to reckon with. The key players in the IPMI market are Intel Corporation (U.S.), NEC Corporation (Japan), ARM Holdings Inc. (U.K.), Dell, Inc. (U.S.), HPE (U.S.), Microsoft (U.S.), Softlayer Technologies, Inc. (U.S.), Emerson (U.S.), Super Micro Computer, Inc. (U.S.), and Cisco (U.S.), among others.

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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Hardware Encryption Market by Algorithm and Standard - Global Forecast 2022 | MarketsandMarkets

The hardware encryption market is expected to be valued at USD 413.85 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The major factors driving the growth of the market include increasing concern for data security issue and privacy of data, growing requirement of regulatory compliances, expansion of digital content, and significant advantage over software encryption technology

This report segments the hardware encryption market on the basis of algorithm and standard, architecture, products, application, vertical, and geography. The market for advanced encryption standard (AES) is expected to witness a significant growth during the forecast period. The significant growth of this segment can be attributed to the wide acceptance of AES as a highly secure and fast algorithm for encryption.

The application-specific integrated circuit (ASIC) accounted the largest share of the hardware encryption market in 2015. The growth of this market can be attributed to the huge demand for the processor based on ASIC design for the manufacturing of hardware-encrypted hard disk drives and USB drives, owing to their high speed and small form factor.

The solid- state drive market for product segment is expected to grow at the highest rate between 2016 and 2022. Solid-state drive provides faster encryption compared to the hard disk drive devices; with the increasing data breaches and expansion of digital content the market for solid-state drive is expected to grow faster than the other products.

The hardware encryption market for consumer electronics is expected to hold the largest share during the forecast period. This can be attributed to the growing demand of hardware encryption in consumer electronics such as laptop, tablets, and smartphones and also due to increasing concern for the data security in these devices.

The hardware encryption market for government vertical is expected to grow at the highest rate between 2016 and 2022. This can be attributed to the increasing demand for high-level encryption solutions required to secure top-secret government data in countries across the globe.

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Americas accounted for the largest share of the overall hardware encryption market. This can be attributed to the large number of automation projects, smart cities projects, huge defense expenditure, advanced healthcare facilities, connected living environment, and huge reliance on e-commerce in the region.

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. Sanjay Gupta

MarketsandMarkets™ INC.

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Wearable AI market Size, Growth, Trend and Forecast to 2023 | COVID-19 Impact Analysis

The overall wearable AI market is projected to reach USD 42.4 billion by 2023, from USD 11.5 billion in 2018, growing at a CAGR of 29.75% during that period. Major growth drivers are increase in demand for AI assistants, augmentation of operations in healthcare industry, emergence of IoT and integration of wireless technology, growth prospects of wearable component technology, and increase in consumer preference and demand for advanced wearable devices.

Market for on-device AI to grow at higher CAGR during forecast period

The growing requirement for low latency, fast computing, and less dependency on cloud-based AI for critical applications are driving the adoption of edge devices with dedicated AI chips. On-device AI offers more powerful and responsive operation for time-sensitive applications. Also, it addresses the demand for better visual computing performance beyond just image and video analytics. This is to ensure parallel processing capabilities that can facilitate provisioning of on-demand machine learning for augmented reality, virtual reality, and several other application areas. At present, the market for on-device AI is dominated by AR/VR applications.

Consumer electronics application to be dominant in wearable AI market during forecast period

The large market of consumer electronics applications is attributed to the fact that consumers across the world are focusing on their fitness and are willing to adopt technology to remain fit. Also, the AR/VR has found a large adoption in entertainment and multimedia applications. The implementation of AI in AR/VR technology offers fast and immersive experience for gaming by effectively rendering optimization of high-end graphics. Consumer wearable electronics includes a number of wearable devices that are used in varied applications such as fitness and sports, entertainment and multimedia, and others. These fitness monitoring devices are attracting health-conscious customers. Wearable devices are widely used for monitoring activities and personal health goals.

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“APAC to register highest growth during forecast period”

The market in APAC consists of developing economies such as China and India—which have a huge appetite for consumer product adoption, as well as the potential for different applications of wearable AI. It is also observed that the geographic regions with higher incomes have a higher tendency to purchase wearables AI devices. Therefore, rising per capita income in Asian countries will drive the adoption of wearable AI devices. Moreover, the increasing adoption of new technologies in enterprise and industrial applications will drive wearable AI market in the region.

Key Market Players

Key players in the wearable AI market include Apple (US), Samsung (South Korea), Google (US), Microsoft (US), Sony (Japan), Garmin (US), Fitbit (US), Huawei (China), Amazon (US), IBM (US), and Oracle (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. Sanjay Gupta

MarketsandMarkets™ INC.

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Interactive Whiteboard Market by Screen Size, Technology, End User, and Geography | COVID-19 Impact Analysis

The interactive whiteboard (IWB) market is estimated to grow from USD 4.31 Billion in 2018 to USD 5.16 Billion by 2023, at a CAGR of 3.69% between 2018 and 2023. The trend of gamification in education and corporate sectors, adoption of e-learning and digital classroom solutions, and increased funding from different governments to incorporate IWBs for various end users are the major driving factors for market growth. 

Interactive Whiteboard Market by end user, the education sector is expected to grow at the highest growth rate during the forecast period.

The education sector is expected to lead the IWB market from 2018 to 2023. The increasing demand for e-learning and interactive learning is a major factor driving the growth of the IWB market globally. Hence, governments across regions are increasingly funding interactive learning models for schools to promote the interactive learning method. According to CBCI Telecom, a technology company, IWBs help create visual memories, which are retained for a longer time by the human brain compared to reading text. Research and survey studies have shown that people learn faster when the learning is interactive and two-way. All these factors have contributed toward the increasing adoption IWBs in the education sector.

Interactive Whiteboard Market by screen size, IWBs with screen sizes ranging from 70”–90” hold the largest share of the total market

IWBs with screen sizes ranging from 70”–90” is expected to hold the largest share of the total market. The demand for IWBs with a display screen size ranging 70”–90” is largely driven by educational institutes and government and corporate offices where they are essentially used in training sessions and business meetings. Classroom teaching usually involves a group of students (an average of 30 students in a class), and IWBs with a screen size of 70”–90” are found to be the most suitable to make the content (notes from the teacher or content from a textbook) visible to the entire class.

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North America to account for the largest market size during the forecast period.

North America is expected to hold the largest market size in the interactive whiteboard market during the forecast period. There has been significant adoption of various touch technology based-IWBs in North America, particularly in the US education, corporate, and government sectors. Also, some of the major IWB manufacturing companies such as Cisco, Google, Egan Teamboard, Smart Technologies, and Qomo are headquartered in the US. The market in APAC is expected to grow at the highest CAGR of 7.79% during the forecast period. This growth can be attributed to the presence of two industry-leading IWB manufacturers, Samsung and LG Display, in the region. Government initiatives were undertaken to promote interactive education is another factor driving the market for IWBs in Asia Pacific during the forecast period. Some of the major companies in the IWB market include Hon Hai Precision Industry Co., Ltd. (Foxconn) (Taiwan), Hitachi, Ltd. (Hitachi) (Japan), Samsung Display Co., Ltd. (Samsung) (South Korea), LG Display Co., Ltd. (LG Display) (South Korea), Panasonic Corporation (Panasonic) (Japan), NEC Display (NEC) (Japan), Ricoh Company (Ricoh) (Japan), Google LLC (Google) (US), Cisco Systems, Inc. (Cisco) (US), Microsoft Corporation (Microsoft) (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. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com