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.

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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.

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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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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.

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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.

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Gas Sensor Market worth $2.1 Billion by 2027

 The report "Gas Sensor Market by Gas Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application and Region - Global Forecast to 2027" The gas sensor market is projected to grow from USD 1.4 Billion in 2022 to USD 2.1 Billion by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period. The growth of the market is attributed to the growing air pollution levels and need for air quality monitoring in smart cities and growing adoption of gas sensors in consumer electronics. During the forecast period, increasing integration of gas sensors in HVAC systems and air quality monitors is expected to create growth opportunities for the market.

Gas Detector product type to account for larger share of gas sensor market in 2022

Gas detector accounted for a larger share of the gas sensor market in 2021 and it is expected to remain dominant throughout the forecast period. The major application areas of these gas detectors are in the automotive, metal & chemical, oil & gas, food & beverage, mining, medical, and power station industries. Further, the surging adoption of gas detection products and growing product & development strategies from major market players are driving the market growth. For instance, in 2021, Honeywell launched two new Bluetooth-connected gas detectors that can deliver continuous monitoring for dangerous gases even in fog, rain, snow, and other inclement weather conditions, helping facilities keep their oil and gas, petrochemical, chemical, and other workers and industrial sites safe.

Smart cities & building automation application to lead gas sensor market in 2022

Industrial automation to hold high opportunities for gas sensor market compared to other applications in 2022 and 2027. In smart cities, gas sensors can be used for various environmental monitoring applications for monitoring air quality, which includes weather stations and monitoring of the environment at public places. Major gases that are monitored include CO, CO2, SO2, NO, NO2, and VOCs. Earlier, gas detectors were used to detect a single gas; however, modern units detect several toxic or combustible gases or even a combination of both. The HVAC system is used for building applications to monitor and regulate environmental conditions in all types of buildings. Ventilation units are used to control the concentrations of gaseous compositions of indoor air, which is based on measurements carried out using gas sensors. The most common gas sensors used in HVAC systems are CO2, NOx, CO, O2, and VOC. The rising environmental pollution levels and increasingly degrading indoor air quality have created a significant demand for gas sensors for HVAC applications.

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Market in Asia Pacific to hold significant opportunities for the market during forecast period

Asia Pacific is the leading market for gas sensors in the automotive, infrastructure, consumer electronics, and pharmaceutical industries, with the major demand from China, India, and Japan. The countries of Asia Pacific are witnessing increased demand for gas sensors, and this demand is expected to grow at a significant rate during the forecast period as well. Moreover, the rise in the number of smart city projects in countries such as India and China is also leading to increased demand for gas sensors from these countries. Gas sensors are used in several industries such as automotive, oil & gas, chemical, consumer electronics, etc. the region. Among all these, the adoption of gas sensors is projected to be the highest in the consumer electronics industry. According to GSMA (Groupe Speciale Mobile Association) Intelligence, Asia Pacific has the largest number of smartphone users in the world, and advancements in gas sensing technology are expected to lead to the integration of gas sensors with smartphones, smart bands, and tablets. This, in turn, is expected to fuel the growth of the gas sensors market in the region.

Major vendors in the gas sensor market include Honeywell Analytics (UK), Amphenol (US), Figaro Engineering (Japan), Alphasense Ltd. (UK), Sensirion AG (Switzerland), Dynament Ltd. (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland), and Senseair AB (Sweden), 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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Door and Window Automation Market worth $23.6 billion by 2027

 The report "Door and Window Automation Market by Component (Operators, Sensors & Detectors (Infrared, Proximity, and Microwave), Access Control), Product (Industrial (Sectional, High-Speed, Roller Shutter), Pedestrian Doors (Sliding, Swing)) - Global Forecast to 2027" The global door and window automation market size is estimated to be USD 18.3 billion in 2022 and is projected to reach USD 23.6 billion by 2027, at a CAGR of 5.2%. The increasing demand for automated doors in various industries and rising infrastructure development projects worldwide are responsible for the growth of door and window automation market. Additionally, the installation of automated doors and windows is increasing rapidly in hospitality sector, which is also responsible for the growth of the market.

Access Control Systems is expected to hold the largest growth rate during the forecast period

An access control system is used for security, as it allows access only to authorized persons; however, it can also grant, modify, or deny access at any time. Automated door systems can be combined with access control systems to increase security. The increasing requirement of security at offices, airports, hospitals, and hotels, which, in turn, is driving the growth of the segment.

Pedestrian doors dominated the door and window automation market in 2021

Pedestrian doors are used where there is high pedestrian traffic, such as in hotels, hospitals, office buildings, banks, and airports, to provide optimum safety and security with ease of managing high crowds in commercial buildings. They are ideal for the entrance to homes and offices. The maintenance cost for these doors is low, and hence are highly preferred by the various end-users.

Hotels and restaurants is expected to hold the largest CAGR by 2027

Automated doors installed in hotels and a restaurant minimizes the loss of conditioned air and improves the flow of foot traffic in busy doorways. Guests can use a single remote to control automated windows for ventilation and other security purposes. Automated doors can also be integrated with hotel locking systems to ensure a secure entrance not only to guests but also to other trade partners such as delivery personnel and staff. Pedestrian doors such as sliding and revolving doors are installed in hotels and restaurants to allow easy access to people on wheelchairs, strollers, and persons carrying large parcels. These doors provide hotels and restaurants with better designs and appearance. They are also used to control the high volume of traffic.

The door and window automation market in North America is the dominating region in 2021

North America is one of the leading regions in the door and window automation market. Countries such as the US, Canada, and Mexico play a major role in the North American door and window automation market. The US is one of the major contributors to the growth of the regional market as several key players in the door and window automation market, including Royal Boon Edam International B.V., Honeywell International, and Insteon, have their headquarters in the US, which is expected to create immense market growth opportunities in the coming years.

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Major companies operating in this door and window automation market includes ASSA ABLOY (Sweden), Nabtesco Corporation (Japan), Allegion Plc (Ireland), and dormakaba Group (Switzerland).

 

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                                                                      

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USA: 1-888-600-6441

Remote Automotive Exhaust Sensing Market worth $147 million by 2027

 The report "Remote Automotive Exhaust Sensing Market by Component (Hardware, Software and Service), Fuel Type (Petrol and Diesel), Different Pollutants (Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide) and Geography - Global Forecast to 2027" The global remote automotive exhaust sensing market size is projected to grow from USD 76 Million in 2022  to USD 147 Million by 2027;  it is expected to grow at a CAGR of 14.1% from 2022 to 2027.. The rise in awareness among consumers about vehicle pollution is also attributed to the increasing demand for remote automotive exhaust sensing systems to detect the pollutants from vehicle emissions.

By Offering: Services segment to propel market growth

The services segment is expected to hold the largest share of the remote automotive exhaust sensing market, and a similar trend is expected to be observed from 2022 to 2027. Primarily, government organizations collaborate with remote exhaust sensing system manufacturers to detect vehicular emissions. The sensing systems are offered by the manufacturers on a rental basis for a fixed time duration. Moreover, the key applications of these systems include analyzing the real-driving emissions emitted by the vehicle in traffic, identifying the highest polluting or manipulated vehicles in their free circulation, and designing efficient and fair mobility standards. These factors are expected to drive the market growth for the services segment.

North America likely to emerge as the second largest remote automotive exhaust sensing market during the forecast period

North America held the second-largest share of ~39% of the remote automotive exhaust sensing market in 2021. This growth is attributed to the presence of key market players such as Hager Environmental & Atmospheric Technologies (HEAT). Moreover, the norms and regulations formulated by the government of the countries in North America are expected to reduce the gas pollutants from on-road vehicles. Various government organizations, namely the International Council on Clean Transportation (ICCT), US Environmental Protection Agency (EPA), Office of Scientific and Technical Information (OSTI), and Canada Centre for Remote Sensing (CCRS), have stringent environmental norms and regulations initiated in accordance with vehicle emissions.

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Opus Group AB (Sweden), Hager Environmental & Atmospheric Technologies (US), Doppler Environmental Protection Technology Co., Ltd. (China), Anhui Baolong Environmental Protection Technology Co., Ltd. (China), Korea Environment Corporation (South Korea), and Hangzhou Chunlai Technology Co., Ltd. (China) are some of the key players in the remote automotive exhaust sensing market.

About MarketsandMarkets™                                                                                                        

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

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

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

Contact:               

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road                                                                      

Suite 430

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USA: 1-888-600-6441                                   

                

Automotive Artificial Intelligence Market worth $7.0 Billion by 2027

 The report "Automotive Artificial Intelligence Market by Offering, Technology (Deep Learning, Machine Learning, Computer Vision, Context-aware Computing and Natural Language Processing), Process, Application, Component and Region - Global Forecast to 2027" The global Automotive Artificial Intelligence market size is projected to grow from USD 2.3 Billion in 2022  to USD 7.0 Billion by 2027;  it is expected to grow at a CAGR of 24.1% from 2022 to 2027.The key factors contributing to the growth of the Automotive Artificial Intelligence market include the growing adoption of ADAS technology by OEMs, and the rising demand for enhanced user experience and convenience features are among the factors driving the growth of the Automotive Artificial Intelligence market.

Software segment is expected to hold a larger share of automotive artificial intelligence market market.

The software holds a major share of the overall AI market in the automotive industry because of the various developments of AI software and related software development kits. AI systems require different types of software including application program interfaces such as language, speech, vision, and sensor data along with machine learning algorithms to realize automotive applications. Software platforms and solutions are expensive because of the limited number of skilled machine learning algorithm developers:  which is the major reason for the larger share of software in the automotive AI market. Alphabet Inc. (US), Microsoft Corporation (US), IBM Corporation (US), and Intel Corporation (US) are among the frontrunners in the development of AI software for the automotive industry.

APAC exhibit the highest CAGR during the forecast period.

The market in the APAC is expected to grow at the highest CAGR from 2022 to 2027. This region houses established automakers such as Toyota (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan). The growth in the market is due to the increasing population, improving lifestyles, and growing economies that have accelerated the pace of passenger car demand in the Asia Pacific.

Deep learning expected to hold largest share of the automotive artificial intelligence market in 2022.

Deep learning algorithms help in identifying patterns from the set of unstructured data. Presently, deep learning technology is used in voice recognition, fraud detection, voice search, recommendation engines, sentiment analysis, image recognition, and motion detection. It is also used in object detection, advanced driver assistance systems (ADAS), crash avoidance, and vehicle telematics control using speech recognition. The growing application of deep learning algorithms is the major driving force of the automotive AI market.

Signal recognition segment is expected to hold the largest share of the automotive artificial intelligence market.

Signal recognition is a method of generating results with the help of speech, visible patterns, and sound. The signals generally refer to the voice or the sound produced by a machine or human being, which can be detected by natural language processing (NLP) machines to generate a result. Signals are the raw data that AI systems should be able to interpret for creating, understanding, and making informed decisions. Signal recognition is the largest market, by process, in the automotive AI market; it plays an important part in autonomous and semi-autonomous driving applications where it is used for traffic sign detection, driver assistance systems, etc.

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The key players in this market are NVIDIA Corporation (US), Alphabet Inc. (US), Intel Corporation (US), IBM Corporation (US), Microsoft Corporation (US), Xilinx Inc. (US), Qualcomm Inc. (US), Tesla Inc. (US), BMW AG (Germany), and Micron technology (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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

Anti-Drone Market worth $3.8 billion by 2027

The report "Anti-Drone Market by Technology (Electronic, Laser, and Kinetic Systems), Application (Detection, Detection and Disruption), Vertical (Military & Defense, Homeland Security, Commercial), Platform Type and Geography - Global Forecast to 2027", The anti-drone market is projected to grow from USD 0.9 billion in 2022 to USD 3.8 billion by 2027; it is expected to grow at a CAGR of 27.7% from 2022 to 2027. The key factors fueling the growth of this market include rising incidence of security breaches, growing use of drones to counter terrorism and prevent illicit activities, and increased adoption of counter drones for remote sensing.

Homeland security vertical is projected to grow at the fastest rate for anti-drone market during the forecast period

Homeland security comprises local police bodies using anti-drone systems to protect government offices, prisons, airports, railway stations, and courts. There are no defined laws for private property invasion by drones, which has made it unclear about flying a drone over private property. These undefined laws give space for complaints such as drones causing nuisance and being flown recklessly. Lawmakers, advocates, and citizens grapple with the issue of privacy and safety while balancing the potential benefits of UAVs’ commercial or private uses. A few basic drone detection products can help to resolve such concerns, thereby providing the scope for anti-drone systems for private use. Electronic systems such as radars, RF detectors, EO/IR cameras, RF jammers, and GNSS jammers are expected to drive the anti-drone market for homeland security.

Laser system is projected to grow at the fastest rate for anti-drone market during the forecast period

Laser weapons are increasingly being used to destroy or burn UAVs. The effectiveness of the laser system depends on the target construction, material, and range. According to military experts, lasers need massive power, and the laser beam is deteriorated by dust, water vapor, etc. Companies are trying to develop technologically advanced laser-based anti-drones to increase the targeting capability of anti-drone systems. Lockheed Martin Corporation (US), Rheinmetall AG (Germany), and Raytheon Technologies Corporation (US) have been developing laser-based anti-drone systems. Laser systems mostly find applications in the military & defense vertical owing to their high speed, flexibility, precision, and low cost per shot features.

Anti-drone market to have large market share in the Americas in 2021.

The Americas is the largest shareholder in terms of the number of anti-drone systems deployed in the military & defense, commercial infrastructure, and homeland security verticals. In the Americas, military & defense is the major vertical in which anti-drone systems are used, which drives the growth of the anti-drone market in the region. The growing use of drones in this region also contributes to the growth of the anti-drone market. A few well-established players in this region are leading to extensive R&D related to anti-drone systems. Moreover, Favorable economic conditions and a rise in safety concerns are encouraging the commercial and industrial sectors to deploy anti-drone systems in the region.

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SRC, Inc. (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales (France), Blighter Surveillance Systems Ltd. (UK), Israel Aerospace Industries Ltd. (Israel), Leonardo S.p.A. (Italy), Rafael Advanced Defense Systems Ltd. (Israel), DroneShield Ltd. (Australia), Liteye Systems Inc. (US), Dedrone (US), Northrop Grumman (US), DeTect, Inc. (US), MBDA (Germany), Battelle Memorial Institute (US), Saab (Sweden), CACI International (US), Boeing (US), and DroneDefence (UK) are the key players in the anti-drone market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

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