Lithium Ion Battery Market expected to reach $98.0 billion by 2025

Lithium Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry (Consumer Electronics, Automotive, Medical, Industrial), and Region - Global Forecast to 2025"  The overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 98.0 billion by 2025, at a CAGR of 15% from 2018 to 2025.

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Need for high power and energy density has created demand for reliable and safe batteries for industries such as automotive and consumer electronics. Factors such as increasing demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for various industrial applications are driving the growth of the lithium ion battery market.

Based on Type, Lithium Nickel Manganese Cobalt Battery to register fastest CAGR between 2018 and 2025

The market for lithium nickel manganese cobalt battery is expected to grow at the highest growth rate from 2018 to 2025. The energy density of NMC batteries is its primary strength. It achieves this energy density with good stability due to the use of an optimum ratio of nickel manganese and cobalt. It also has a good charge and discharge cycle. These features enable its application in industries such as automotive.

Power capacity range of 3,000–10,000 mAh is expected to grow at the highest CAGR during the forecast period

Lithium ion batteries with power capacity range of 3,000–10,000 mAh is expected to grow at the highest CAGR between 2018 and 2025. These batteries are often grouped together to form modules, and these modules are used in applications requiring heavy loads. Its heavy power capacity makes it useful for industries such as in electrical vehicles and industrial uses. Besides, the market for 0–3,000 mAh held the largest market, in terms of value, in 2018. This range is majorly used in consumer electronics industry. Around 90% of consumer applications have the power capacity in range of 0–3000 mAh.

Europe expected to be the fastest-growing market for Lithium-ion Battery during the forecast period

Europe is expected to be the fastest-growing market for lithium ion battery from 2018 to 2025. Europe is home to some of the largest battery manufacturers such as Saft (France) and FIAMM (Italy). The consumer electronics market for wearable devices is witnessing a positive growing curve in Europe. Presence and active association in Europe such as Association of European Automotive Industrial Battery Manufacturers and PRBA is supporting the use of lithium ion battery in different application in safe mode by their set standards and certification.

Key players operating in the lithium ion battery market include BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).

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Hermetic Packaging Market : Rising Demand of Hermetically Sealed Packaging : 2023

"Hermetic Packaging Market by Configuration (Multilayer Ceramic Packages, Metal Can Packages, Pressed Ceramic Packages), Type (Ceramic-Metal Sealing, Glass-Metal Sealing), Application, Industry, and Geography - Global Forecast to 2023", the overall hermetic packaging market is estimated at USD 3.25 Billion in 2018 and is expected to reach USD 4.52 Billion by 2023, growing at a CAGR of 6.80% between 2018 and 2023. The major factors driving the growth of the hermetic technology market include rising adoption of hermetic packaging for protecting highly sensitive electronic components and growing demand from industries such as automobile electronics and aerospace.

Indian Space Research Organisation (ISRO) announced a joint venture with NASA and JAXA for initiating its own space observatory mission to get a closer look at the galaxies in the outer space. Significant interest for space research in the APAC countries, such as China and India, is expected to propel the market for the aeronautics and space industry in APAC.

The key factor driving this market is high adoption rate of the multilayer ceramic packages for high-frequency applications such as data communication, wireless communication, and optical communication because they offer better hermeticity than other configurations for high-frequency applications, and also enable a large number of electrical feedthroughs within small spaces.

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A low-cost hermetic packaging for high power industry 

The biggest threat for laser reliability or power degradation, especially when used in harsh industrial environment. Here we present an innovative fiber laser packaging method featuring cast aluminium frame and an almost screw-free exterior packaging. A CW fiber laser with 1.5KW laser output power in such a compact and light-weight package has been demonstrated with an excellent beam quality and power stability for industry applications. Know more

Browse 66 tables and 47 figures spread through 156 pages and in-depth TOC on "Hermetic Packaging Market - Global Forecast to 2023"

• Multilayer ceramic packages are expected to lead the global hermetic packaging market between 2018 and 2023
• The aeronautics and space industry is expected to grow at the highest rate between 2018 and 2023
• The hermetic packaging market in APAC expected to capture the largest market share during the forecast period

The present market is dominated by the players such as SCHOTT AG (Germany), Teledyne Microelectronics (US), AMETEK. (US), Texas Instruments (US), and Amkor Technology (US). Know sample pages of report : https://www.marketsandmarkets.com/requestsampleNew.asp?id=18037377
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Pet Wearable Market expected to reach $1,718 million by 2024

NY, USA, September-26, 2019 /Aerospace -- 

Pet Wearable Market by Component (GPS Chips, RFID Chips, Sensors, Wi-Fi, Cellular, Bluetooth Chips, Processors, Memory, Displays, Batteries), Product (Smart Collars, Smart Cameras, Smart Harnesses), and Region - Global Forecast to 2024", is expected to grow from USD 703 million in 2019 to USD 1,718 million by 2024 at a CAGR of 19.6%. The growth of the pet wearable market can be attributed to the increasing concerns toward pet health and wellbeing, and rising pet population and pet humanization, and growing expenditure on pets due to high disposal income. Moreover, rapid advancements in WAN and LPWAN technologies and exponential demand for pet wearables from developing countries in APAC is expected to create substantial growth opportunities for the pet wearable market players.

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Major Players : Pet Wearable Market covered in this report are Whistle Labs (US), PetPace (US), Garmin (US), FitBark (US), Tractive (Austria), Link AKC (US), Motorola (US), Num’Axes /EYENIMAL (France), KYON (Greece), Scollar (US), GoPro (US), and Felcana (UK).

Cellular to register the highest CAGR in the overall market during the forecast period

In the pet wearable market, pet tracking and geofencing are the major use cases. Cellular technology can be ideal for pet wearable applications such as location tracking with the help of GPS pet trackers that require operation over long distances. Cellular chips enable pet owners to pinpoints their pet’s exact location 24/7. These devices can play a vital role in finding stolen or lost pets and provide owners updates about their whereabouts on their smartphones.

Smart Collar to hold the largest size of pet wearable market during the forecast period

Smart collar accounted for the majority of the global pet wearable market revenue. Smart collars combined with other technologies and components such as Wi-Fi or Bluetooth and provides insights into pet such as their location, training activity, and more. This collar allows for tracking a pet’s location using GPS technology, and monitor, track & receive information and alerts about the pet’s health status and activities.

The rate of employment is increasing steadily around the world, and due to hectic lifestyle and long working hours, pet owners’ demand for smart-connected collars that enable them to connect with their pets from their workplace is rapidly increasing. Moreover, high demand and rising adoption for smart collars can be attributed to their features which maintain an accurate location history and help trigger smartphone notifications.

Pet Wearable in North America to hold the largest size of pet wearable market in coming years

In 2018, North America accounted for the largest share in the global pet wearable market. It is a major hub and an early adopter of new technologies. The increasing trend of pet adoption and humanization, growing disposable income, and rising per capita expenditure on animal healthcare are the factors driving the growth of the pet wearable market in this region. Moreover, North America is home to prominent pet wearable players, such as Whistle Labs, FitBark, and Garmin.

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Artificial Intelligence in Manufacturing Market Insights 2025 by Players: NVIDIA Corporation, IBM Corporation, Alphabet Inc., Microsoft Corporation, Intel Corporation etc.

Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Technology (Machine Learning, Computer Vision, Context-Aware Computing, and NLP), Application, Industry, and Geography - Global Forecast to 2025", the artificial intelligence in manufacturing market is estimated to be valued at USD 1.0 billion in 2018 and is expected to reach USD 17.2 billion by 2025, at a CAGR of 49.5% from 2018 to 2025. The market has huge potential across various industries such as automobile, energy and power, pharmaceuticals, and food and beverages. Increasingly large and complex data set available in the form of big data and evolving industrial IoT and automation drive the growth of this market. Improving computing power and declining cost of hardware are other key factors driving the AI in manufacturing market.

Browse 134 market data Tables and 48 Figures spread through 184 Pages and in-depth TOC on Artificial Intelligence in Manufacturing Market.

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AI in manufacturing market for software to hold largest market during forecast period

The AI in manufacturing market for software segment is expected to hold the largest market from 2018 to 2023. A large number of companies such as IBM (US), Microsoft (US), SAP (Germany) and Siemens (Germany) are developing software solutions for various manufacturing applications; this is the key factor complementing the growth of software segment. Moreover, growing involvement of start-ups in the market is further complementing the growth of the software segment.

Computer vision technology to witness highest CAGR from 2018 to 2025

Computer vision technology is expected to foresee the highest CAGR throughout the forecast period. The growing adoption of computer vision in applications such as industrial robots, quality control, and material movement is propelling the growth of this technology in the AI in manufacturing market. Computer vision is mainly used for predictive maintenance and machinery inspection purpose. Companies such as Siemens (Germany) and Mitsubishi Electric (Japan) are using computer vision technology in their manufacturing plants.

APAC leads AI in manufacturing market in terms of value

APAC to account for the largest size of the AI in manufacturing market throughout the forecast period. The presence of a large number of manufacturing companies in China and Japan along with the strong presence of automobile and electronics and semiconductor companies are driving the growth of the AI in manufacturing market in APAC. Moreover, the high adoption of industrial robots is expected to play a vital role in the growth of the said market in APAC.

The major companies profiled in this report are NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), Siemens AG (Germany), General Electric Company (US), General Vision Inc. (US), Data RPM (US) (now Progress Software Corporation), Clearpath Robotics Inc.(Canada), Mitsubishi Electric Corporation (Japan), Sight Machine (US), SAP SE (Germany), Oracle Corporation (US).

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Source Measure Unit Market Share | Industry Size, Trends & Growth by 2024

The report "Source Measure Unit Market by Form Factor (Benchtop and Modular), Application (Semiconductor Devices and Precision Electronics), End-User Industry (IT & Telecommunications, Automotive, and Process Industries), Type, and Geography - Global Forecast to 2023", published by MarketsandMarkets^TM. The market is growing due to the increasing demand for electronic testing equipment in end-user industries such as automotive, aerospace & defense, IT & telecommunications, education and government, process industries, and healthcare.

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Major Players - Source Measure Unit Market :Major players in the source measure unit market include Fortive Corporation (US), Rohde & Schwarz GmbH & Co KG (Germany), Keysight Technologies (US), Yokogawa Electric Corporation (Japan), and National Instruments Corporation (US). Some other companies operating in the source measure unit market are Advantest Corporation (Japan), Viavi Solution, Inc. (US), Chroma ATE Inc. (Taiwan), VX Instruments (Germany), and Teradyne (US).

Key Target Audience

• Original equipment manufacturers (OEMs) (application or electronic product manufacturers)
• ODM and OEM technology solution providers
• Small and large technology centers
• Source measure unit manufacturing companies
• Research institutes and organizations
• Market research and consulting firms
• Companies providing solutions in various industries that use source measure units
• Government bodies, venture capitalists, and private equity firms
• Universities, educational institutes, and R&D department of companies
• Testing, inspection, and certification companies and laboratories

Precision SMU dominated the overall source measure unit market in 2017

Among different types of SMUs, precision SMUs held the largest share of the overall source measure unit market in 2017. The increasing use of precision SMUs for research activities and across educational institutes is expected to be the major factor largely responsible for its dominance in the near future. Precision SMUs currently offer a considerably broad range and current sourcing capability, thereby covering a considerably wide range of both voltage and current at the same time.

Market for benchtop source measure units to grow at highest CAGR during forecast period

Benchtop SMUs are gaining momentum as they prove to be an ideal choice for testing semiconductors, active/passive components, and a variety of other devices and materials. Also, benchtop SMUs are used in R&D, education and industrial development, test and manufacturing applications and are capable of operating as a standalone or system components. Typically, benchtop SMUs are preferred for their higher accuracy and repeatability over modular SMUs; hence, benchtop SMUs will command the market during the forecast period.

Source measure unit market in APAC to grow at highest CAGR during forecast period

The source measure unit market in APAC is expected to grow at the highest CAGR during the forecast period. The market in APAC is conducive to the growth of SMUs mainly due to the presence of numerous manufacturers of electronic and semiconductor products. Also, the region has the highest number of mobile phone subscribers and the demand for high processing, long battery power is increasing. Additionally, many small and medium-sized equipment manufacturing companies are present in countries such as China, India, and Vietnam, which are cost-effective locations for installing manufacturing facilities owing to the availability of low-cost labor. 

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Pet Wearable Market Insights 2024 by Players: PetPace

NY, USA, September-24, 2019 /Global Semiconductor Industry ---

The growth of the pet wearable market can be attributed to the increasing concerns toward pet health and wellbeing, and rising pet population and pet humanization, and growing expenditure on pets due to high disposal income. Moreover, rapid advancements in WAN and LPWAN technologies and exponential demand for pet wearables from developing countries in APAC is expected to create substantial growth opportunities for the pet wearable market players.

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Scope of Pet Wearable Market: The growth of the market is attributed to the increasing concerns toward pet health and wellbeing, rising pet population & pet humanization, surging demand for IoT in pet tracking devices, and growing expenditure on pets due to high disposal income.


Major players in the pet wearable market covered in this report are Whistle Labs (US), PetPace (US), Garmin (US), FitBark (US), Tractive (Austria), Link AKC (US), Motorola (US), Num’Axes /EYENIMAL (France), KYON (Greece), Scollar (US), GoPro (US), and Felcana (UK).

Browse 33 market data Tables and 21 Figures spread through 93 Pages and in-depth TOC on "Pet Wearable Market"

Cellular to register the highest CAGR in the overall market during the forecast period

In the pet wearable market, pet tracking and geofencing are the major use cases. Cellular technology can be ideal for pet wearable applications such as location tracking with the help of GPS pet trackers that require operation over long distances. Cellular chips enable pet owners to pinpoints their pet’s exact location 24/7. These devices can play a vital role in finding stolen or lost pets and provide owners updates about their whereabouts on their smartphones.

Smart Collar to hold the largest size of pet wearable market during the forecast period

Smart collar accounted for the majority of the global pet wearable market revenue. Smart collars combined with other technologies and components such as Wi-Fi or Bluetooth and provides insights into pet such as their location, training activity, and more. This collar allows for tracking a pet’s location using GPS technology, and monitor, track & receive information and alerts about the pet’s health status and activities.

The rate of employment is increasing steadily around the world, and due to hectic lifestyle and long working hours, pet owners’ demand for smart-connected collars that enable them to connect with their pets from their workplace is rapidly increasing. Moreover, high demand and rising adoption for smart collars can be attributed to their features which maintain an accurate location history and help trigger smartphone notifications.

Pet Wearable in North America to hold the largest size of pet wearable market in coming years

In 2018, North America accounted for the largest share in the global pet wearable market. It is a major hub and an early adopter of new technologies. The increasing trend of pet adoption and humanization, growing disposable income, and rising per capita expenditure on animal healthcare are the factors driving the growth of the pet wearable market in this region. Moreover, North America is home to prominent pet wearable players, such as Whistle Labs, FitBark, and Garmin.

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Hybrid Fiber Coaxial Market Explores New Growth Opportunities – Business Data 2023

Hybrid Fiber Coaxial Market by Technology (DOCSIS 3.0 & Below and DOCSIS 3.1), Component (CMTS/CCAP, Fiber Optic Cable, Amplifier, Optical Node, Optical Transceiver, Splitter, and CPE), and Geography - Global Forecast to 2023", The Hybrid Fiber Coaxial market is expected to reach USD 13.6 billion by 2023 from USD 9.6 billion in 2018, at a CAGR of 8.02% during 2018–2023.

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Hybrid fiber coaxial (HFC) uses fiber optic cable for headend and feeder distribution systems, and coaxial (copper) cable for customers end connection. HFC systems are used for video servicing, telephony, voice telephony, data, and other interactive services. Because of its cost efficiency, many telecommunications and cable companies consider HFC technology to cater to their customers.

Browse 132 market data Tables and 34 Figures spread through 113 Pages and in-depth TOC on "Hybrid Fiber Coaxial Market"
Major Players : Hybrid Fiber Coaxial Market

The key HFC players in the market are Arris (US), Huawei (China), Nokia (Finland), Technicolor (France), Cisco (US), Corning, (US), Ciena (US), Comcast (US), CommScope (US), Teleste Corp. (Finland), Telstra Corp. (Australia), PCT International (US), ZTE (China), Comba (China), Skyworks (US), Vodafone (England), Vecima Networks (Canada), Technetix (UK), Infinera (US), Finisar (US), Bentley Systems (US), Bktel (Germany), C-COR Broadband (Australia), Verizon (US), Charter Communications (US), Cox Communications (US), Singtel Optus (China), Com Hem (Sweden), TDC (Denmark), Telecom Italia (Italy), and Telefonica (Spain).

Demand for high bandwidth is driving the need for HFC network as it eliminates the limitations of complete copper cable architectures, such as latency and data transfer at higher bandwidth. An HFC network uses a combination of fiber and coaxial cable for connecting several devices.

DOCSIS 3.1 to hold the largest market share by 2023

DOCSIS 3.1 is expected to hold the largest share of the hybrid fiber coaxial market throughout the forecast period. DOCSIS 3.1 enables greater capacity and speed, with support for up to 50% more data throughput over the same spectrum already on existing HFC networks. Cable providers can deliver up to 10 Gbit/s speeds in downstream and 1 to 2 Gbit/s in upstream. To reduce network delays, DOCSIS 3.1 utilizes Active Queue Management (AQM) which in turn improves the reliability and optimizes the capacity of the network. DOCSIS 3.1 increases capacity by allowing the use of a higher-range spectrum, rather than increasing the capacity by adding more nodes for handling more premises.

CMTS/CCAP component to grow at the highest rate during the forecast period

The HFC market for CMTS/CCAP is expected to grow at the highest CAGR during the forecast period. CMTS/CCAP are generally found in the headends of multiple service operators (MSOs). These systems enable the exchange of digital signals on a cable network with cable modems. They enable services such as video streaming, voice over internet protocol (VoIP), and high-speed internet. In an HFC architecture, a CMTS manages all of the cable modems (CMs) in a network; CMs provide the means by which various stations are connected to the network.

North America to hold the largest share of the HFC market during the forecast period

North America is expected to hold the largest share of the HFC market during the forecast period owing to the upgrading of the existing HFC network with latest DOCSIS 3.1 technology. Companies here are implementing HFC to make rapid technological advancements and increase data traffic and cloud-based services. Rapid technological advancements, increasing data traffic, and cloud-based services are expected to exert significant pressure on telcos across the region to deploy high-speed, reliable, and robust networks.

The report profiles the most promising players in the HFC market. The competitive landscape of the market presents an interesting picture of the strategies adopted by market players.

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Increased Payload Capacity and Reliability expect Industrial Control and Factory Automation Market worth $269.5 billion by 2024

“Articulated robots dominate the industrial robot market”

The industrial robots segment is growing at a significant pace during the forecast period and has the highest market share of components in the industrial control and factory automation market. Manufacturers are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is lessening the human intervention in production process, thereby reducing the cost of manufacturing with increase in quality and production capacity.

Browse 119 market data Tables and 48 Figures spread through 222 Pages and in-depth TOC on "Industrial Control and Factory Automation Market"

Major Players : Industrial Control and Factory Automation Market

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US) and Dwyer (US), among many others.

“Process automation and control in industrial manufacturing plant drives the growth for DCS ”

DCS held the highest market share in the solutions of industry control and factory automation market. This growth is attributed to a high rate of industrialization rate in the developing economies. Developing countries have expansion and capacity addition plans related to the power sector, which would boost the demand for DCS. DCS provides process automation and control in industrial manufacturing plants that drive the industrial control and factory automation market. Advantages of using DCS systems in manufacturing plants are decision integrity, simplified operations, and increasing productivity. Some of the application areas of DCS are oil & gas, automobile, chemical, food & beverages, and pharmaceuticals industries.

“Process industries to lead the industrial control and factory automation market from 2018 to 2024”

Process industries had the higher market share in industry control and factory automation market in 2017. The rate of adoption of solutions related to the industrial control and factory automation is high in process industries owing to rising cost pressure on manufacturers to optimize the production process. Furthermore, increasing demand for real-time visibility and complex operations in oil and gas, power, metals and mining, and food & beverages industries is expected to drive the demand for industrial control and factory automation solutions in the process industry. Due to the complex nature of the automation in the process industry, the number of components and technologies deployed in the process industry is higher than the discrete industry. Particularly, control technologies, such as DCS, is employed only in the process industry and the number of PLCs and PACs is employed more in the process industry than the discrete industry.

“APAC to be the largest market for industry control and factory automation during the forecast period”

Asia Pacific (APAC) comprises Japan, China, India, and RoAPAC. APAC is the fastest growing region for industrial control and factory automation market due to the technological innovation and increasing adoption of the automation technologies in various industries. The major application industries for the industrial control and factory automation market in APAC are chemicals, oil & gas, water, semiconductor, electronics, food, and automotive. China is one of the major players from APAC region in the industry control and factory automation market. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing. In addition, research institutes and corporates are collaboratively working to improve the Chinas manufacturing processes. Further, in China, industrial intellectualization and information integration remain the main focus of the government industrial policy. This initiative is expected to increase the demand for the industrial control and factory automation in this country.

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Rising Acceptance of Workplace Safety Standards in Emerging Economies of Industrial Safety Market by 2024

The major factors fueling the growth include mandates for safety regulations, rising demand for safety systems in the oil & gas industry, rising need for reliable safety systems for personnel and asset protection, industrial revolution 4.0, and growing automation in hazardous industrial areas.

Browse 88 market data Tables and 40 Figures spread through 147 Pages and in-depth TOC on "Industrial Safety Market"

Major Players : Industrial Safety Market
Include Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Hima Paul (US), Omron (Japan), Siemens (Germany), Proserv Ingenious Simplicity(UK), Johnson Controls (Tyco) (Ireland), Balluff (US), Euchner (Germany), and Fortress Interlocks (UK).

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“Safety sensors to lead industrial safety market by 2024”

Sensors used in a safety system are developed and designed to ensure safe, logic-based outputs in case a measurement or signal transmission does not occur. These safety sensors include the elements of redundancy wherein if any one element fails, another takes control over the operation and avoids productivity losses resulting from a shutdown. Safety sensors are used in automatic safety barriers, edges, electronic safety sensors, emergency stops (e-stops), palm buttons, safety controls, laser scanners, light curtains, mats, optoelectronic devices (single and multi-beam), and two-hand safety controls. Industrial safety incorporates various types of sensors such as temperature, infrared (IR), ultra-violet (UV), touch, and proximity sensors. Safety sensors are used in all industrial safety as they perform important functions such as continuous process sensing and finding inconsistencies within processes.

“Emergency shutdown systems to hold largest share of industrial safety market during forecast period”

The rising demand for industrial safety-certified ESD systems in process and discrete industries and the increasing implementation of industrial safety measures by several governments are the key factors driving the growth of the market for ESD systems. Oil & gas plants are prone to incidents that can adversely affect people and the environment. Industrial safety systems such as emergency shutdown systems can considerably reduce the risk of accidents in oil & gas plants by initiating plant shutdown in emergencies.

“Oil & gas industry to lead industrial safety market by 2024”

Oil & gas plants are prone to incidents that can affect people and the environment. In avoiding such incidents, functional safety becomes a matter of utmost importance. Various safety instrumented systems are used in the oil & gas industry. HIPPS are used to safeguard pipelines, vessels, and process packages against overpressure. ESDs are used to minimize the consequences of emergencies by shutting down systems and equipment and isolating hydrocarbon inventories, electrical equipment, and emergency ventilation control.

“Europe to be largest market for industrial safety systems during forecast period”

Europe presents a substantial market for industrial safety systems as industrial safety standards are strictly followed within the European Economic Area (comprises all European Union countries). The region’s safety standards and directives restrict the supply and operations of machines that do not meet the regulatory requirements. The region’s stringent regulatory standards and safety directives are driving the growth of the industrial safety market in Europe. In Germany, machine and industrial safety measures are governed by various regulatory standards, such as the IEC 61508 (that has been adopted and published in the country as DIN EN 61508 by the German Institute for Standardization).

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RPA Tools Years Considered Study Robotic Process Automation Market

According to the new market research report "Robotic Process Automation Market by Process (Automated solution, Decision Support & Management Solution, and Interaction Solution), Operation (Rule Based and Knowledge Based), Type (Tools and Services), Industry, and Geography - Global Forecast to 2022" , The robotic process automation market is estimated to reach USD 2,467.0 Million by 2022, at a CAGR of 30.14% between 2017 and 2022. The growth of this market is mainly driven by the ease in business processes offered by robotic process automation and convergence of robotic process automation with traditional business process industries.

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Browse 69 market data tables and 66 figures spread through 146 pages and in-depth TOC on "Robotic Process Automation Market - Global Forecast to 2022"

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“Robotic process automation market for healthcare and pharmaceuticals will likely grow at the highest CAGR between 2017 and 2022.”

The robotic process automationmarket for the healthcare and pharmaceuticals industry is expected to grow at the highest CAGR between 2017 and 2022. The healthcare and pharmaceuticals industry is highly information-dependent, as it involves medical records of patients, credentials of patients, information on claims processing, revenue cycle management, etc. In this regard, robotic process automation not only helps reduce operational costs but also ensures greater accuracy. The interactive solutions offered by robotic process automationhelp efficiently manage data, reduce medical transportation costs, minimize appointment scheduling errors, etc.

"Robotic process automation tools expected to hold the largest share of the robotic process automation market by type.”

Robotic process automation tools held the largest market share in 2016 owing to its capability of eliminating repeatable and predictable human interactions with business applications by mimicking the way people interact with applications through a user interface and also by following simple rules to make decisions. Tool-based lifecycle management can be divided into requirement definition, initial design, application development, testing, deployment, and release and maintenance. It also involves tracking and documenting changes throughout the process of the application.

“North America expected to dominate the robotic process automation market between 2017 and 2022.”

The robotic process automation market for North America held the largest share among all the regions under study in 2016. Also, it is expected to dominate the market between 2017 and 2022. In the U.S., BFSI has been leveraging robotics process automation to improve business processes since 2010. Due to the high degree of flexibility and scalability of the solution, as well as greater data processing and workflow management capabilities, there is widespread deployment of robotic process automation in the BFSI space. The growth of robotic process automation in Canada is driven by the ramp-up of the banking and financial industry. Human resource outsourcing, business process outsourcing, and contact center outsourcing have seen tremendous growth in Canada in recent times.

The growth of the robotic process automation market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes backed by software bots.

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Major players in the robotic process automation market are Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), UiPath (U.K.), Verint (U.S.), Xerox Corporation (U.S.), etc.

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Haptic Feedback based Years Considered for the Study Technology Market

"Haptic Technology Market by Component (Actuators, Drivers & Controllers), Feedback (Tactile, Force), Application (Automotive & Transportation, Consumer Electronics, Healthcare, Gaming, Engineering, Education & Research), and Region - Global Forecast to 2022", The haptic technology market is expected to be valued at USD 19.55 Billion by 2022, at a CAGR of 16.20% between 2016 and 2022.

About Haptic Feedback : The key drivers contributing to the growth of the market primarily include increasing adoption of haptics in consumer electronic devices such as smartphones and tablets, growing demand for haptics in gaming consoles, and potential market for haptics in medical and automotive sectors.

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WHC 2019 - IEEE World Haptics Conference
From 9 Jul, 2019 08:00 until 12 Jul, 2019 16:00

Tthe IEEE World Haptics Conference 2019, the 8th Joint Eurohaptics Conference and the IEEE Haptics Symposium will be held in Tokyo, Japan on 9-12 July 2018. The IEEE World Haptics Conference is the premier international conference covering all aspects of haptics, covering the basic scientific findings, technological developments, algorithms and applications. It is a central venue for reporting research results and demonstrating novel capabilities in the field of haptics. The conference will offer opportunities to share the most up-to-date scientific discoveries and innovative products. Know More

• ·         Tactile feedback haptics accounted for the largest market of the haptic technology market in 2015
• ·         Tactile feedback haptics accounted for the largest market of the haptic technology market in 2015
• ·         Asia-Pacific accounted for the largest market for haptic technology in 2015

Browse 65 market data tables and 55 figures spread through 136 pages and in-depth TOC on “Haptic Technology Market - Global Forecast to 2022” ask for Sample Pages of Report : https://www.marketsandmarkets.com/requestsampleNew.asp?id=443

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Plasma Lamp, Light, Bulb are Major Segments of Plasma Lighting Market expected to reach $415 million by 2024

According to the new market research report "Plasma Lighting Market by Component (Lightron, Waveguide, and Cavity Resonator), Application (Roadways, Streets, and Tunnels Industrial, and Horticulture), Wattage (300W, 700W, and 1,000W), and Geography - Global Forecast to 2024", the plasma lighting market is expected to be worth USD 329 million in 2019 and reach USD 415 million by 2024, at a CAGR of 4.7% from 2019 to 2024.

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About Plasma Lighting Market : The growth of this market can be attributed to the increasing awareness across the globe about energy-efficient lighting technologies. In addition, initiatives by governments of different countries to encourage the use of energy-efficient lights are also fueling the growth of the market.

A few Key Players operating in the plasma lighting market are Luma Group (US), Ceravision (UK), Hive Lighting (US), Ka Shui International Holdings (China), Green de Corp (China), Gavita (Netherlands), Griffin & Ray (US), Guangzhou Kaiming Industries (China), BIRNS (US) and FusionLux (US).

Browse 35 market data Tables and 21 Figures spread through 93 Pages and in-depth TOC on Plasma Lighting Market

An industrial segment to hold the largest share of the plasma lighting market in 2019

By application, the industrial segment will lead the plasma lighting market in 2019. The increasing awareness about safety and security of employee is the prime factor behind industrial segment growth. In industrial settings, safety is a primary concern, and proper and adequate lighting is a key factor to maintain high productivity of workers.

Europe expected to hold the largest share of the plasma lighting market in 2019

Europe is expected to hold the largest share of the plasma lighting market in 2019. It is among technologically advanced regions of the world. Several European countries are taking initiatives to increase the adoption of energy-efficient, low maintenance, and reliable lighting solutions. Plasma lights have been used in Europe for the past few decades to grow plants in commercial greenhouses.
The population of Europe has expanded rapidly in recent times, and the countries are importing frozen fruits and vegetables from Africa and Asia. Indoor horticulture is gaining rapid momentum in some of the major countries of Europe to obtain fresh produce from local farms. This is expected to generate increased demand for plasma light systems used in greenhouses in the coming years.

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The market for the manufacturing vertical expected to grow at the highest CAGR during the forecast period of Non-Destructive Testing and Inspection Market

The non-destructive testing and inspection market is estimated to grow from USD 8.3 billion in 2018 to USD 12.6 billion by 2024; it is expected to grow at a CAGR of 7.24% from 2018 to 2024. Stringent government regulations regarding public safety and product quality, and continuous advances in electronics, automation, and robotics are among a few major factors driving the growth of the NDT and inspection market. The high adoption of IoT devices and rising need to assess the health of aging assets also propel the growth of the NDT and inspection market.

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Browse 85 market data Tables and 47 Figures spread through 214 Pages and in-depth TOC on Non-Destructive Testing and Inspection Market

The ultrasonic testing (UT) technique to hold the largest share of the non-destructive testing and inspection market in 2018

Ultrasonic testing is expected to account for the largest market share in 2018. It is presently the most popular NDT technique owing to its ability to accurately identify defects and determine their severity. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can also be used for critical applications in the oil & gas and aerospace industries. Ultrasonic testing has evolved considerably over the last few decades and is the most important NDT technique for identifying and quantifying surface and subsurface defects. Ultrasonic NDT inspection can be conducted by using a wide range of methods; a few of which are manual and cost-effective, while others need advanced automated equipment for determining faults in critical applications. This technique can also be deployed to inspect objects that are not easily accessible through direct contact; for example, for inspecting the piping system buried under the earth surface.

Applications of NDT Market :

1. Dimensional Measurement
2. Flaw Detection
3. Leak Detection
4. Estimation of Physical Properties
5. Chemical Composition Determination
6. Plasma Emission Spectrography
7. Corrosion Resistance Testing
8. Stress and Structure Analysis

The market for the manufacturing vertical expected to grow at the highest CAGR during the forecast period

The manufacturing sector is expected to be the fastest-growing vertical in the NDT and inspection market from 2018 to 2024. This sector is receiving a boost from emerging markets such as China, India, and South Africa due to their growing manufacturing and industrial base. The NDT and inspection technique is widely used in manufacturing to ensure the integrity of components produced. This technique is primarily employed for preventive maintenance and failure analysis, as well as for the post care of the damages.

North America expected to hold the largest market share during the forecast period

North America is expected to hold the largest share of the overall NDT and inspection market by 2024. The rapid growth of automotive, power generation, oil & gas, and aerospace & defense industries in the region is the major reason for the growing adoption of NDT equipment and rising demand for related services in North America.

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General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology Srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmBH (Germany), Acuren (US), and LynX Inspection (Canada) are the key players in the market.

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