Cryocooler Market Explores New Growth Opportunities – Business Data worth 2.99 Billion USD by 2022

The report "Cryocooler Market by Type (GM, PT, JT, Stirling, and Brayton Cryocoolers), Services (Technical Support, Repair, Preventive Maintenance), Heat Exchanger Type (Recuperative and Regenerative), Application, and Geography - Global Forecast to 2022", The global cryocooler market is projected to reach USD 2.99 Billion by 2022, at a CAGR of 7.00% between 2017 and 2022. The major factors driving the growth of this market include the shortage of helium gas, growing medical & healthcare services in the developing economies, growing production of liquefied natural gas, and increasing adoption of cryocoolers in the semiconductor industry.

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Services (Technical Support, Repair, Preventive Maintenance)
Heat Exchanger Type (Recuperative and Regenerative)

The Major Players in the Cryocooler Market are Sumitomo Heavy Industries Ltd. (Japan), Chart Industries, Inc. (U.S.), Brooks Automation, Inc. (U.S.), Sunpower, Inc. (U.S.), Cryomech, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Advanced Research Systems, Inc. (U.S.), DH Industries BV (The Netherlands), Janis Research Company, LLC (U.S.), RICOR – Cryogenic & Vacuum Systems (Israel), Superconductor Technologies, Inc. (U.S.), and Air Liquide S.A. (France).

Browse 70 market data tables and 71 figures spread through 179 pages and in-depth TOC on "Cryocooler Market - Global Forecast to 2022"

The military application in the cryocooler market held the largest share

The cryocooler market is application driven. This market has been segmented on the basis of application into military, medical, commercial, environmental, energy & power, transport, mining and metal, research & development, space, agriculture & biology, and others. The military application accounted for the largest share in 2016. This market is expected to grow at a significant rate between 2017 and 2022, driven by the growing adoption of various cryocoolers to provide cryogenic temperatures for IR sensors in missile guidance, night vison based systems, and satellite-based surveillance.

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The market for Stirling cryocoolers is expected to grow at the highest rate by 2022.

The cryocooler market based on type is segmented into GM, PT, Stirling, JT, and Brayton cryocoolers. Among these cryocoolers, the market for Stirling cryocoolers is expected to witness the highest growth during the forecast period. The key factors contributing to the growth of this market include the increasing adoption of these cryocoolers in a wide range of applications such as military, medical, commercial, research and development, and space. Also, due to the increased spending by developing nations such as China, India, Malaysia, and Thailand on the military, medical, and semiconductor manufacturing sectors, the demand for these cryocoolers is expected to rise during the forecast period.

The Americas held the largest share of the cryocooler market

The cryocooler market in the Americas held the largest share of the global cryocooler market in 2016, followed by the markets in Europe and APAC. The growth of the cryocooler market in the Americas is mainly driven by factors such as the established military industry and the growing importance of the use of cryocoolers in medical cryosurgery and proton therapy. Also, the rising installation of the cryogenic technology in aircraft carriers is driving the growth of the cryocooler market in the Americas. North America holds the major share of the cryocooler market in the Americas.

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Major Application of Communication, Power Revenue impact solution on Submarine Cable System Market worth $20.93 billion by 2023

According to the market research report "Submarine Cable System Market by Application (Communication, Power), Component (Dry Plant, Wet Plant (Cables, Branching Units, Repeaters)), Offering (Installation & Commissioning, Maintenance, Upgrades), and Region - Global Forecast to 2023", the submarine cable system market is expected to grow from USD 11.74 billion in 2018 to USD 20.93 billion by 2023, at a CAGR of 12.25% during the forecast period. The growth of the submarine cable system market is propelled by the growing number of telecom subscriptions and internet connections all over the world, increasing internet traffic in APAC, surging demand for inter-country and island power connections, and increasing number of offshore wind farms.

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Major players in the submarine power cable market include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US), and Furukawa Electric (Japan); key players in the submarine communication cable market are Alcatel Lucent (France), TE Connectivity (Switzerland), and NEC Corporation (Japan), among others. These players are increasingly adopting strategies such as mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

Browse 49 market data Tables and 36 Figures spread through 146 Pages and in-depth TOC on "Submarine Cable System Market"

Wet plant products to hold larger share of submarine cable system market by 2023

Wet plant products are likely to account for a larger share of the submarine communication cable market, by component, by 2023. The reason behind this larger market share is all cables, repeaters, and branching units are required to be laid on the ocean bed unlike dry plant products, such as SLTE, which could be upgraded according to the bandwidth requirement.

Upgrades to witness highest CAGR in submarine cable system market from 2018 to 2023

Upgrades for submarine cable systems are expected to witness the fastest growth during the forecast period. Increasing internet traffic in APAC owing to the surging internet users is fuelling the requirement for more bandwidth across the region. APAC is likely to witness increasing upgrades for the installed submarine communication systems during the forecast period. Also, the growing number of internet users across the Middle East and Africa will further require modification in submarine communication cables in the coming years.

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Trans-Atlantic region to dominate submarine communication cable system market during forecast period

The trans-Atlantic region accounted for the largest share of the submarine communication cable market in 2017. Investments in submarine cable infrastructure are on the rise again. Also, cable systems on this route are aging; hence, new cable systems are likely to be installed in the near future. The modern submarine fiber system, which will be marketed under the brand name America Europe Connect-2, is likely to witness an exploding demand from the data center and cloud service providers, owing to the availability of massive bandwidth  of nearly 80 Tbps.

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.

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Major Application of Interactive kiosk & Bank Kiosks Revenue impact solution on Interactive Kiosk Market worth 30.53 Billion USD by 2023

According to the market research report "Interactive Kiosk Market by Type (Bank Kiosks, Self-Service Kiosks, and Vending Kiosks), Vertical (Retail, Healthcare, Banking & Financial Services, Government, Transportation, Hospitality, Entertainment), Offering, & Geography - Global Forecast to 2023", The interactive kiosk market was valued at USD 20.37 Billion in 2016 and is expected to be worth USD 30.53 Billion by 2023, at a CAGR of 5.69% between 2017 and 2023. The growth of this market is driven by the increasing interest of customers in self-service interactive kiosks and enhanced shopping experience of customers with the help of kiosks in the retail industry.

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The Major Players operating in the interactive kiosk market are KIOSK Information Systems (US), NCR Corporation (US), SlabbKiosks (US), Source Technologies (US), Diebold Nixdorf (US), Embross (Canada), IER SAS (France), Meridian (US), REDYREF (US), Advantech Co. (Taiwan), NEXCOM International Co. (Taiwan), and KAL (UK).

Browse 60 Market Data Tables and 55 Figures spread through 164 Pages and in-depth TOC on "Interactive Kiosk Market - Global Forecast to 2023"

Target Audience:

• Original device manufacturers (ODMs)
• System integrators
• Interactive kiosk original equipment manufacturers (OEMs)
• Raw material suppliers
• Assembly and packaging vendors
• Technical universities
• Government research agencies and private research organizations
• Research institutes and organizations
• Market research and consulting firms

Interactive kiosk market for bank kiosks expected to grow at the highest CAGR during the forecast period

Interactive kiosks are largely used for banking and financial services. It is one of the remote banking channels providing extra convenience to customers and save service cost to the bank. These types of kiosks are used in the banking and financial services sector for performing the functions of prepaid/debit card kiosks, loan kiosks, and bill payment kiosks as well as for cashing checks, transferring money, buying money orders, printing checks, accessing online banking, and printing financial statements.

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Interactive kiosk market for the banking and financial services vertical expected to grow at the highest CAGR between 2017 and 2023

The self-service culture is growing at a fast rate in the market for banking and financial services. Also, the consumers are relying more on the self-service technology and Internet facility to perform various financial functions. The use of bank kiosks saves the time spent by customers in the queues for the teller machines or during transferring cash and depositing funds.

Interactive kiosk market in APAC expected to grow at the highest CAGR during the forecast period

The interactive kiosk market is rapidly expanding in APAC. The growth of the market in APAC can also be attributed to the advancements in technology and emergence of new business models. The booming retail sector and emerging infrastructures in the region would further facilitate the growth of the kiosks in the APAC region. Moreover, the economic growth in this region is attracting more investments from suppliers of the interactive kiosks.

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Super Junction Mosfet Market the Key Strategies Adopted by Leading Companies by Region - Global Forecast to worth $2.20 Billion by 2020

The report "Super Junction Mosfet Market by FAB Technology (Multiple-Epitaxy, Deep-Trench), Packaging Technology Material (Substrate, Transition Layer, Electrode), Application (Power Supply, Display, Lighting, EV/HEV, Industrial) & by Geography- Global Trends & Forecasts to 2013 - 2020", published by MarketsandMarkets, the SJ-MOSFET market is projected to cross $2.20 Billion by 2020, growing at a high CAGR from 2013 to 2020.

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The leading companies in the SJ-MOSFET market covered in the report are Alpha omega Semiconductor (U.S.), Fairchild Semiconductor (U.S.), Efficient Power Conversion Corporation (U.S.), Fuji Electric Co. Ltd (Japan), Fujitsu Ltd (Japan), IceMOS Technology Corporation (U.K.), Infineon Technologies AG (Germany), International Rectifiers (U.S.), NXP semiconductors (Netherlands), ON semiconductors (U.S.), ROHM Co., Ltd. (Japan), STMicroelectronics N.V (Switzerland), Toshiba Corporation (Japan), Vishay Intertechnology (U.S.), Renesas Electronics Corporation (Japan).

Super Junction MOSFET Market Value ($ Million) and Volume (Million Units), 2012-2020

Browse more than 83 market data tables with 64 figures spread through 243 pages and in-depth TOC on "Super Junction Mosfet Market"   

        

The last decade witnessed a well-paced transformation in the MOSFET market. The difficulties identified in MOSFET market like higher sub threshold conductor, increased gate-oxide leakage, increased junction leakage, lower output resistance, and lower process variations brought into market new types of MOSFETS, super junction MOSFET is one of them. Many SJ-MOSFET manufacturing companies have hit the market in producing a reliable and flexible device. All these developments have created demand for better and more stable technology to be used in production.

The characteristics and features of SJ-MOSFET’s like reliability, high performance, high switching frequency, low heat dissipation and low power consumptions are serving to incorporate in different application verticals. Key manufacturing technology like Deep-Trench has been introduced in the market and is likely to allow widespread adoption of SJ-MOSFET by different key manufacturers.

The SJ-MOSFET market is segmented into five categories that include packaging technology, materials, fabrication technology, application, and geography. This report divides the overall market into four main geographical segments, namely, North America, Europe, APAC, and ROW. APAC currently contributes highest in the market growth as compared to the other regions.

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.

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Submarine Cable System Market the Key Strategies Adopted by Leading Companies by Region - Global Forecast to worth $20.93 billion by 2023

The report "Submarine Cable System Market by Application (Communication, Power), Component (Dry Plant, Wet Plant (Cables, Branching Units, Repeaters)), Offering (Installation & Commissioning, Maintenance, Upgrades), and Region - Global Forecast to 2023", the submarine cable system market is expected to grow from USD 11.74 billion in 2018 to USD 20.93 billion by 2023, at a CAGR of 12.25% during the forecast period. The growth of the submarine cable system market is propelled by the growing number of telecom subscriptions and internet connections all over the world, increasing internet traffic in APAC, surging demand for inter-country and island power connections, and increasing number of offshore wind farms.

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Major players in the submarine power cable market include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US), and Furukawa Electric (Japan); key players in the submarine communication cable market are Alcatel Lucent (France), TE Connectivity (Switzerland), and NEC Corporation (Japan), among others. These players are increasingly adopting strategies such as mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

Browse 49 market data Tables and 36 Figures spread through 146 Pages and in-depth TOC on "Submarine Cable System Market"

Wet plant products to hold larger share of submarine cable system market by 2023

Wet plant products are likely to account for a larger share of the submarine communication cable market, by component, by 2023. The reason behind this larger market share is all cables, repeaters, and branching units are required to be laid on the ocean bed unlike dry plant products, such as SLTE, which could be upgraded according to the bandwidth requirement.

Upgrades to witness highest CAGR in submarine cable system market from 2018 to 2023

Upgrades for submarine cable systems are expected to witness the fastest growth during the forecast period. Increasing internet traffic in APAC owing to the surging internet users is fuelling the requirement for more bandwidth across the region. APAC is likely to witness increasing upgrades for the installed submarine communication systems during the forecast period. Also, the growing number of internet users across the Middle East and Africa will further require modification in submarine communication cables in the coming years.

Trans-Atlantic region to dominate submarine communication cable system market during forecast period

The trans-Atlantic region accounted for the largest share of the submarine communication cable market in 2017. Investments in submarine cable infrastructure are on the rise again. Also, cable systems on this route are aging; hence, new cable systems are likely to be installed in the near future. The modern submarine fiber system, which will be marketed under the brand name America Europe Connect-2, is likely to witness an exploding demand from the data center and cloud service providers, owing to the availability of massive bandwidth  of nearly 80 Tbps.

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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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Non-Destructive Testing and Inspection Market the Key Strategies Adopted by Leading Companies by Region - Global Forecast to worth $12.6 billion by 2024

The report "Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2024", 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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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. 

                                                               

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.

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.

Non-Destructive Testing and Inspection Market, by Technique:

• Visual Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy-Current Testing
• Ultrasonic Testing
• Radiographic Testing
• Acoustic Emission Testing
• Other Techniques

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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Atomic Force Microscopy Market (AFM) the Key Strategies Adopted by Leading Companies by Region - Global Forecast to 2024

The report "Atomic Force Microscopy (AFM) Market by Offering (AFM, Probes, Software), Grade (Industrial Grade, Research Grade), Applications (Materials Science, Life Sciences, Semiconductor & Electronics, Academics), and Region - Global Forecast to 2024",was valued at USD 441 million in 2019 and is projected to reach USD 586 million by 2024; it is expected to grow at a CAGR of 5.8% during the forecast period. The key drivers of atomic force microscopy is committed support from several governments to promote  nanotechnology and nanoscience research and development. Also, high demand for 3D ICs from semiconductor and electronics industry is is expected to lay new growth opportunity for atomic force microscopy market during the forecast period.

The major players in Atomic Force Microscopy market are Bruker (US), Park Systems (South Korea), Hitachi (Japan), Horiba (Japan), Oxforfd Instrumenst (UK), Nanosurf (Switzerland), WITec (Germany), NT-MDT (Russia), NanoMagnetics Instruments (UK), Nanonics Imaging (Israel).

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Browse 107 market data Tables and 32 Figures spread through 161 Pages and in-depth TOC on "Atomic Force Microscopy Market"
Probes offering for Atomic Force Microscopy held the fastest market share in 2019

The market for probes is expected to grow at the highest CAGR. Probes play a dominant role in the AFM market, in terms of volume, as the lifecycle of probes is shorter than the complete atomic force microscope, thereby leading to a higher requirement for probes than AFM.

Industial grade to hold the largest market share in Atomic Force Microscopy market during the forecast year

The demand for indusrial grade microscopes is propelled by high-quality images to detect defects in miniaturized products. Hence, industrial grade AFM are more in demand owing to their high precision in detecting and visualizing even the smallest surface structures and defects in nanomaterials.

Semiconductors and electronics to hold the fastest market share in Atomic Force Microscopy market during the forecasted year

Semiconductors and electronics is expected to grow at the highest rate. The semiconductor industry is one of the major industries using advanced microscopes such as transmission electron microscopes, atomic force microscopes, 3D optical microscopes, and confocal microscopes. AFM is used extensively in the semiconductor industry for R&D, quality control (QC), monitoring process development, and failure analysis. The growing demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is the key factor surging the demand for microscopes in the semiconductor industry

APAC hold the largest market share between 2019 and 2024

The growth of the atomic force microscopy in APAC market can be attributed to the growing R&D funding for the development of microscopes, increasing nanotechnology research, and growing expertise and academic excellence, along with the availability of nanomaterials at lower costs.

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.

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Attractive Opportunities in Biometric System Industry Explores New Growth Opportunities – Business Data 2019-2024

The Report "Biometric System Market by Authentication Type (Single-Factor: Fingerprint, Iris, Palm Print, Face, Voice; Multi-Factor), Offering (Hardware, Software), Functionality (Contact, Noncontact, Combined), End User, and Region - Global Forecast to 2024",size is estimated to grow from USD 33.0 billion in 2019 to USD 65.3 billion by 2024; it is expected to grow at a CAGR of 14.6% during the forecast period. The market is mainly driven by the increasing use of biometrics in consumer electronics devices to provide seamless access over different applications, rising number of government initiatives to adopt biometrics, growing need for surveillance and security due to the threats of terrorist attacks, and increasing penetration of biometric technology in automotive and enterprise applications.

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Browse 124 market data Tables and 51 Figures spread through 191 Pages and in-depth TOC on "Biometric System Market"

Multi-factor authentication segment to grow at highest CAGR during forecast period

The growth of the multi-factor authentication segment is attributed to the increasing deployment and the need for security to avoid hacking attacks on sensitive information, especially in government and defense applications. The combination of multiple identifiers adds an extra level of security, making the system more effective, accurate, and reliable. In addition, a multimodal biometric system can reduce the failure to enroll (FTE) and failure to capture (FTC) rates. The rapid development of biometric smart cards for payment and identification purposes is expected to drive the growth of the multi-factor authentication segment.

Contact functionality type segment expected to have largest market size during forecast period

Contact-based biometric systems include palm, fingerprint, and signature recognition systems. Of these, fingerprint recognition systems have been in the market for the longest period. Widespread adoption of fingerprint recognition systems is driving the market for contact-based biometric systems. Since fingerprint recognition is mostly used in contact-based biometric systems, the increasing demand for fingerprint recognition solutions would have a positive impact on contact-based biometric systems. Signature recognition is also gaining traction owing to the low deployment and procurement cost associated with this technology. Emerging applications such as sports and entertainment are also expected to deploy fingerprint recognition solutions extensively in the coming years.

Market in RoW to grow at highest CAGR during forecast period

The region is currently contributing less to the overall market. The increasing demand for advanced identity management solutions from various governments in this region to maintain security at border crossing points is the main factor fueling the growth of the biometric system market in the region. Furthermore, the countries in the region have started adopting fingerprint-based biometrics for banking and finance applications.

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Key players in the biometric system market include Thales Group (Thales) (France), Safran (France), NEC Corporation (NEC) (Japan), ASSA ABLOY AB (ASSA ABLOY) (Sweden), Fujitsu Ltd. (Fujitsu) (Japan), Precise Biometrics, Inc. (Precise Biometrics) (US), Secunet Security Networks AG (Secunet) (Germany), Stanley Black & Decker, Inc. (STANLEY Security) (France), Aware (US), and Cognitec Systems GmbH (Cognitec Systems) (Germany).

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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.

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Attractive Opportunities in Industrial Control and Factory Automation Industry Explores New Growth Opportunities – Business Data 2018-2024

The Report "Industrial Control and Factory Automation Market by Solution (SCADA, PLC, DCS, MES, PLM, PAM, Functional Safety), Component (Industrial Robots, Industrial 3D Printing, Control Valves, Machine Vision, HMI), Industry and Geography - Global Forecast to 2024", The industrial control and factory automation market is likely to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%. The growth of this market can be attributed to the increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in manufacturing sector, connected supply chain along with mass production to cater rising population, government initiatives towards, the adoption of industrial automation in various industries.

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

“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.

“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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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.

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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.

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Attractive Opportunities in Smart Home Industry Explores New Growth Opportunities – Business Data 2018-2024

The Report "Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services, and Region - Global Forecast to 2024", the overall smart home market is expected to grow from USD 76.6 billion in 2018 to USD 151.4 billion by 2024, at a CAGR of 12.0%.

The growth of the smart home market is driven by factors such as the growing number of internet users and increasing adoption of smart devices; increasing awareness about fitness and rise in disposable incomes in developing economies; increasing importance of home monitoring in remote locations; rising need for energy–saving and low carbon emission-oriented solutions; cost reduction measures enabled by smart homes; rapid proliferation of smartphones and smart gadgets; large number of manufacturers expanding their smart home product portfolios; and growing concern about safety, security, and convenience among people.

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Browse 100 market data Tables and 65 Figures spread through 255 Pages and in-depth TOC on "Smart Home Market"

“Smart speakers likely to grow at a high rate during the forecast period”

Smart speaker is a wireless speaker enabled by Bluetooth, Wi-Fi, or other wireless protocols and powered by virtual assistant, which is driven by artificial intelligence. There has been continuous increase in demand for smart speakers, especially in smart homes, owing to increasing consumer demand for advanced and multifunctional devices. Moreover, the proliferation of smartphones has enabled the development of applications to stream music to a specific device, thus fueling the demand for smart speakers. The market for smart speaker market is primarily expected to be driven by the increased adoption of smart homes, high disposable income, the popular trend of personalization, and the rapid proliferation of multifunctional devices.

“The market for proactive type software and services to grow at a higher rate during the forecast period”

The software and services pertaining to smart homes enable users to control smart appliances and devices installed in their homes. There is high competition between the software and service providers in the smart home market, which revolves around developing technically advanced and user-friendly software solutions as well as providing improved and real-time services to customers, on the back of the growing awareness about reducing energy consumption within households.

The proactive type software and services facilitate the transmission of data, along with the best possible solutions, to end users for actions to be taken after receiving the information. The proactive type enables the transfer of a larger volume of data than the behavioral type; it can provide the inputs to end users regarding effective energy usage and required actions on the physical parameters to reduce energy consumption. 

“APAC expected to grow at a high rate during the forecast period”

APAC region is witnessing significant growth due to a number of new residential projects and efforts for strengthening building infrastructure at a significant rate. There is a considerable demand for smart homes in the APAC countries, such as Japan, South Korea, China, and Rest of APAC (RoAPAC). Currently, South Korea is considered a huge market for smart home systems owing to the high demand for various control devices pertaining to lighting control and entertainment control in the country.

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Players such as Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany) are currently dominating the smart home market. Other key players operating in the smart home space are Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (US), Comcast Corp. (US), Hubbell Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (US), Lutron Electronics Co. Inc. (US), Vivint (US), and Axis Communication AB (Sweden), among others. Almost all companies, including key players, have adopted a few major strategies such as product developments and launches, mergers and acquisitions, and partnerships and collaborations to grow in the smart home market.

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Automated Border Control Market expected to reach USD 1,577.7 Million by 2023

According to the new market research report "Automated Border Control Market by Solution Type (ABC e-Gate and ABC Kiosk), Component (Hardware, Software, and Services (Installation and Maintenance)), Application (Airport, Land Port, and Seaport), and Geography - Global Forecast to 2023", the automated border control (ABC) market is expected to be worth USD 1,577.7 Million by 2023, growing at a CAGR of 17.45% between 2017 and 2023. The ABC market has a huge potential across various applications, such as airports, land ports, and seaports. The major factors driving the ABC market across the world are increasing passenger travel, rising security concerns, and enhanced traveler convenience in the border crossing process.

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Browse 88 Market Data Tables and 50 Figures spread through 164 Pages and in-depth TOC on "Automated Border Control Market"

The Major Driving factor for the market growth in Europe is the presence of prominent vendors of ABC OT-Morpho (France), secunet Security Networks (Germany), Indra Sistemas (Spain), Arjo Systems (France), IER SAS (France), and Cognitec Systems (Germany), among others.

Market for ABC e-gate expected to grow at higher CAGR between 2017 and 2023

The market for e-gate is expected to grow at a higher CAGR between 2017 and 2023. e-gate installation has helped border crossing authorities process large number of passengers and has enhanced security. Passenger traffic is more at airports than at land ports and seaports.

ABC market for seaport application expected to grow at highest CAGR between 2017 and 2023

The ABC market for seaport application is expected to grow at the highest CAGR between 2017 and 2023. This growth can be attributed to strengthened border integrity and increased passenger traffic at seaports globally. As per the Australian Government Department of Immigration and Border Protection, more than 35 million passengers travel through Australia’s major airports and seaports every year, and the number of travelers at seaports is expected to double in the coming years.

ABC market for software component expected to grow at highest CAGR between 2017 and 2023

Software 

component in the ABC ensures efficiency and performance of biometric and document recognition database algorithms, along with risk assessment for travelers. The higher growth rate of the software component in the ABC market is owing to the increasing need for automation service to optimize efficiency at airports, land ports, and seaports.

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Currently, Europe leads ABC market in terms of market size

Europe is currently leading the ABC market and is projected to be in a leading position for the next few years owing to the high adoption of ABC. The growth of the ABC market in Europe is because of high government funding and support, the presence of leading players, and strong technical base.

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.

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Atomic Force Microscopy (AFM) Market : Comprehensive Study Explores Huge Growth in Future $586 million by 2024

MarketsandMarkets^TM research report "Atomic Force Microscopy (AFM) Market by Offering (AFM, Probes, Software), Grade (Industrial Grade, Research Grade), Applications (Materials Science, Life Sciences, Semiconductor & Electronics, Academics), and Region - Global Forecast to 2024",was valued at USD 441 million in 2019 and is projected to reach USD 586 million by 2024; it is expected to grow at a CAGR of 5.8% during the forecast period. The key drivers of atomic force microscopy is committed support from several governments to promote  nanotechnology and nanoscience research and development. Also, high demand for 3D ICs from semiconductor and electronics industry is is expected to lay new growth opportunity for atomic force microscopy market during the forecast period.

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• Probes offering for Atomic Force Microscopy held the fastest market share in 2019
• Industial grade to hold the largest market share in Atomic Force Microscopy market during the forecast year
• Semiconductors and electronics to hold the fastest market share in Atomic Force Microscopy market during the forecasted year

APAC hold the largest market share between 2019 and 2024

The growth of the atomic force microscopy in APAC market can be attributed to the growing R&D funding for the development of microscopes, increasing nanotechnology research, and growing expertise and academic excellence, along with the availability of nanomaterials at lower costs.

The major players in Atomic Force Microscopy market are Bruker (US), Park Systems (South Korea), Hitachi (Japan), Horiba (Japan), Oxforfd Instrumenst (UK), Nanosurf (Switzerland), WITec (Germany), NT-MDT (Russia), NanoMagnetics Instruments (UK), Nanonics Imaging (Israel).

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Browse 107 market data Tables and 32 Figures spread through 161 Pages and in-depth TOC on "Atomic Force Microscopy Market - Global Forecast to 2024"

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Pet Wearable Market : Comprehensive Study Explores Huge Growth in Future $1,718 million by 2024

MarketsandMarkets^TM research report "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.

WT | Wearable Technologies Conference 2019 USA
July 9-10, 2019
Moscone Center North, 730 Howard St, San Francisco, CA 94103, USA

The 34th edition of the globally established WT | Wearable Technologies Conference Series is THE must-attend event for all decision makers in the industry. In 2019, the event is going to take place co-located with the premiere event in the electronics industry of the United States, SEMICON West on July 9-10. Our attendees will not only benefit from outstanding networking opportunities with experts from the WT ecosystem, but can also meet the over 22,400+ visitors of the show, amongst them top purchasers, leading manufacturers, and C-level executives.The WT | Wearable Technologies Conference 2019 USA in San Francisco will guide you through the current status of the wearable market presenting a thrilling conference program, an extensive conference exhibition and networking opportunities with the Who’s Who of the entire WT ecosystem. See what’s next in AI, AR & VR, sensor tech, connectivity, energy solutions, and smart products (hearables, glasses, watches, activity trackers, implants, pills, patches).  KNOW MORE

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• Cellular to register the highest CAGR in the overall market during the forecast period
• Smart Collar to hold the largest size of pet wearable market during the forecast period
• Pet Wearable in North America to hold the largest size of pet wearable market in coming years

Key players in the market 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) are among the major players in the pet wearable market.

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Browse 33 market data Tables and 21 Figures spread through 93 Pages and in-depth TOC on "Pet Wearable Market - Global Forecast to 2024"

About MarketsandMarkets

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.

Contact:
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