Adaptive Optics Market expected to reach 2,190.9 Million USD by 2023

According to the latest market research report "Adaptive Optics Market by Component (Wavefront Sensor, Wavefront Modulator, Control System), End-User Industry (Consumer, Astronomy, Military & Defense, Biomedical, Industrial & Manufacturing, Communication), and Geography - Global Forecast to 2023", the overall adaptive optics market is expected to be worth USD 2,190.9 Million by 2023, growing at a CAGR of 40.8% from 2017 to 2023. The growing adoption of adaptive optics technology across various end-user industries is the key factor propelling the growth of the adaptive optics market. Following this, the need for corrective eyewear, increased government funding, and advancing adaptive optics technology further drive the growth of the adaptive optics market.

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The companies that are profiled in this report are Teledyne e2v (UK) LTD (UK), NORTHROP GRUMMAN CORPORATION (US), Thorlabs, Inc. (US), Iris AO, Inc. (US), Adaptica S.r.l. (Italy), Active Optical Systems, LLC (US), Flexible Optical B.V. (Netherlands), Imagine Optic SA (France), Boston Micromachines Corporation (US), and Phasics Corp. (France).

Browse 73 Market Data Tables and 32 Figures spread through 147 Pages and in-depth TOC on "Adaptive Optics Market - Global Forecast to 2023"

Wavefront sensor is expected to hold the largest market share from 2017 to 2023.

The adaptive optics market for wavefront sensors component is expected to hold the largest market share from 2017 to 2023. Wavefront sensor is a key component of adaptive optics and is used in various adaptive optics applications; for instance, wavefront sensors are used for many laser applications such as laser beam diagnostic and laser material processing for controlling laser beam shape and size to increase accuracy. Alongside this, the high price of wavefront sensors compared to other adaptive optics components has further resulted in its high revenue share.

Adaptive optics for the consumer industry to witness the highest CAGR from 2017 to 2023.

The adaptive optics market for the consumer end-user industry is expected to grow at the highest rate during the forecast period. With the development of low-cost adaptive optics and alternative systems, the consumer industry is expected to witness growth in the near future. These products are expected to be installed in head-up displays, camera lenses, and various imaging applications. Companies such as HOLOEYE Photonics AG (Germany), SANTEC CORPORATION (Japan), and Thorlabs, Inc. (US) are some the key vendors for LCoS-based spatial light modulators.

Americas to lead the adaptive optics market in terms of market size.

Americas held the largest share of the adaptive optics market in 2016. In Americas, North America is one of the fastest-growing markets, attributed to technological innovations and advancements that led to the innovation of new products. The increasing demands from the biomedical and astronomical applications have led to the growth of adaptive optics in Americas.

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Underfloor Heating Market expected highest return 4.23 Billion USD by 2023

According to the new report "Underfloor Heating Market by Component (Heating Cables, Heating Mats, Sensor & Thermostat, Heating Pipes, Manifolds), Type (Hydronic Underfloor Heating, Electric Underfloor Heating), Application and Geography - Global Forecast to 2023", The underfloor heating system market was valued at USD 2.53 Billion in 2016 and is expected to reach USD 4.23 Billion by 2023, at a CAGR of 7.5% during the forecast period. The key factors driving the underfloor heating market include tax credit program, automation in industrial, commercial and residential sectors, and increasing awareness about benefits of underfloor heating systems.

Browse 64 Market Data Tables and 35 Figures spread through 143 Pages and in-depth TOC on Underfloor Heating Market

New installation to lead the underfloor heating market in the coming years

New installation held a major share of the underfloor heating market than other equipment in 2016. Underfloor heating is used for various applications, and there are prospects to use it in large-scale commercial properties in both new housing developments and new business premises. It has become the most popular choice of space heating for new build properties because of the significant growth of renewable energy systems. The underfloor heating system operates with a low-flow temperature, which can be easily achieved. It is being used largely in the development of flats and apartments, which are mainly suited to this type of heating system.

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Market for hydronic systems to witness a high growth in the near future

Hydronic radiant heating systems are ideal for those homes that already use a water heater as the energy can be diverted to the floor in an efficient manner. In the hydronic underfloor heating system, heated water is propelled from a boiler through a link of tubing underneath the floor. Heat is conducted to the surface of the floor by hot water, and from there, radiant energy is emitted to the room. The system is controlled by one or more thermostats which control the manifold and boiler as required. Also, the hydronic underfloor heating system is suitable for most floor finishes such as carpet, ceramic, engineered and solid wood, laminate, stone, and vinyl. Including all of these benefits, it is expected to grow with highest CAGR during the forecast period.

Residential application is expected to grow at the highest CAGR during the forecast period

The high growth rate of the underfloor heating market in the residential application is mainly due to the growth in the self-build trend and custom-build trend in the domestic sector wherein house owners are involved in the specification of their new homes and are willing to invest more at the initial level to appreciate long-term benefits. The trend toward simple styling with clean, uncluttered lines, and open-plan living has supported the demand for invisible underfloor heating systems, particularly in kitchens and in bathrooms. For these areas, there are underfloor heating systems specifically designed for use under stones and ceramic tiles. Owing to all these trends, the underfloor heating market is showing an impressive growth.

The underfloor heating market in Europe held the largest share in 2016

The market is growing rapidly because Europe is moving toward a low-carbon economy and because of the increased awareness about environmental and energy efficiency concerns. Also, higher levels of insulation, driven by regulatory requirements and government initiatives are contributing to a reduction in the overall heating load, making underfloor heating a more practical and efficient heating solution in Europe.

Leading players operating in the underfloor heating market include Danfoss A/S (Denmark), Uponor Corporation (Finland), Emersion Electric Co. (US), Honeywell International (US), and Robert Bosch (Germany). Pentair PLC (US), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), and Nexans S.A. (France).

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Remote Monitoring and Control Market worth 27.11 Billion USD

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

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Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market - Global Forecast to 2023"

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assets and rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

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The major players involved in this market include Emerson Electric Co. (US), Honeywell International Inc.  (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc.  (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd.  (Japan).

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Robotic Process Automation Market expected to reach $5.9 billion by 2025

The 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 2025" The robotic process automation (RPA) market is expected to reach USD 5.9 billion by 2025, at a CAGR of 32.6% between 2019 and 2025.

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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"

The growth of this RPA market is mainly driven by the ease in business processes with the installation of robotic process automation; and convergence of robotic process automation with traditional business processes. Moreover, integration of new technologies such as artificial intelligence (AI), and cognitive systems with robotic process automation; and high demand of robotic process automation (RPA) in logistic industry are few major opportunities for robotic process automation market

Robotic process automation market for healthcare and pharmaceuticals will likely to grow at the highest CAGR during forecast period

The robotic process automation market for the healthcare and pharmaceuticals industry is expected to grow at the highest CAGR during forecast period. 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, lower appointment scheduling errors, and so on.

Robotic process automation tools expected to hold the largest market size of the overall robotic process automation market 

Robotic process automation tools held the largest market size in 2018 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 is expected to dominate the robotic process automation market during forecast year

The robotic process automation market for North America held the largest market size in 2018 and is expected to dominate the market during forecasted period. In the US, 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 RPA 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.

The RPA Market Report Profiles the Most Promising Players in the RPA market. The competitive landscape of the market presents an interesting picture of strategies adopted by many players. Nice Systems Ltd. (Israel), Automation Anywhere (US), Blue Prism Group Plc (UK), Celaton Ltd. (UK), IPSoft, Inc. (US), Pegasystems Inc. (US), Redwood Software (US), UiPath SRL (UK), Verint Systems Inc. (US), and Xerox Corporation (US) are few dominant players in the robotic process automation market.

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Water Quality Monitoring Market Explores New Growth Opportunities – Business Valued 4.69 Billion USD by 2025

The major factor driving this market is the development of government policies and initiatives to protect the environment from the adverse effects of pollution. This drives the adoption of pollution monitoring instruments across the globe. The water quality monitoring market was valued at USD 2.95 billion in 2015 and is expected to reach USD 4.96 billion by 2025, growing at a CAGR of 4.54% between 2016 and 2025.

The key opportunity for this market is the growing popularity of the smart city concept. Some of the key factors driving this market are the development of policies and initiatives to reduce environmental pollution level and growing industrial applications for water testing and analysis instruments.

Browse 47 market data tables and 42 figures spread through 157 Slides and in-depth TOC on Water Quality Monitoring Market

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The key players in the water quality monitoring market are Horiba (Japan), General Electric Company (U.S.), Xylem, Inc. (U.S.), Danaher Corporation (U.S.), and Teledyne Technologies, Inc. (U.S.), among others.

Water quality monitoring market for TOC analysers expected to grow at the highest rate during the forecast period

The market for TOC analysers is expected to witness high growth owing to their versatile applicability and increased attention on environmental issues such as water pollution and water contamination.

Europe expected to hold the largest share of the market during the forecast period
The water quality monitoring market is expected to grow exponentially in Europe. The water quality monitoring activities are conducted in this region because of the increased awareness about water pollution and contamination.

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Top 2 players in the water quality monitoring market

General Electric Company (GE) is the major market player that offers water testing and analysis solutions globally. GE has many divisions and market segments covering energy management, renewable energy, healthcare, and oil and gas, among others. GE has developed more advanced solutions on different application platforms and is actively launching them; for example, GE launched SaaS through a platform Predix, along with storm and sewer solutions and digital water plant solutions, to improve operational efficiencies. Owing to its brand value, GE has made several installations of water treatment solutions and quality systems at various sites across the world; for example, GE supplied its advanced wastewater treatment equipment for the Jingneng Zhuozhou coal-fired power plant in Zhuozhou, China. To have robust product portfolio, GE has made several partnerships in the field of water quality testing and monitoring; for example, GE partnered with American Water and MWH Global to optimize their SaaS-based single platform Predix to improve the water quality.

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Interactive Kiosk Market Trends and Prospects by $32.8 billion by 2025

The report "Interactive Kiosk Market by Offering (Hardware and Software & Services), Type (Bank Kiosks, Self-service Kiosks, and Vending Kiosks), Location (Indoor and Outdoor), Panel Size (17”-32” and Above 32”), Vertical, and Region - Global Forecast to 2025", is expected to grow from USD 26.2 billion in 2020 to USD 32.8 billion by 2025, at a CAGR of 4.6%. The growth of this market is driven by factors such as enhanced shopping experience for customers, lower investment costs than traditional outlets, enhanced applications other than conventional ones, and innovations in touch screen display and glass technology.

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Some of the major players operating in the interactive kiosk market are KIOSK Information Systems (US), Olea Kiosks Inc. (US), Frank Mayer and Associates, Inc. (US), Source Technologies (US), NCR Corporation (US), Diebold Nixdorf (US), Embross (Canada), Meridian Kiosks (US), REDYREF Interactive Kiosks (US), lilitab, LLC (US).

Browse 56 market data tables, 52 figures spread through 154 pages and in-depth TOC on “System in Package Market - Global Forecast to 2023”

Market for vending kiosks is expected to hold largest share during forecast period

The interactive kiosk market based on type is segmented into bank kiosks, self-service kiosks, and vending kiosks. The vending kiosks segment held the largest share of market in 2019. Vending kiosk is primarily used in retail stores, quick-service restaurants, hotels, airports, railway stations, malls, and so on. Growing retail stores, coupled with an increasing need to expand virtual space in retail outlets, is one of the factors driving the growth of vending kiosks across the globe. In addition to this, secure payment gateways and increased efficiency of operations also fuel the growth of this market.

Market for indoor kiosks is expected to hold larger market share during forecast period

On the basis of location, the market is divided into indoor and outdoor. The indoor interactive kiosks are majorly used in malls, healthcare centers, government and corporate offices, banks, airports, casinos, and so on. An indoor kiosk can help attract customers if deployed in a crowded place. The growing interest in automation and self-service technology majorly in the retail, banking, entertainment, transportation, and hospitality sectors are contributing to a larger share for indoor kiosks in the market.

Retail vertical expected to hold largest market share during forecast period

The interactive kiosk market based on verticals has been segmented into retail, healthcare, banking and financial services, government, transportation, hospitality, entertainment, and others. The demand for interactive kiosks for retail applications is increasing as they provide information and advertise the offerings to shoppers without the need for actual entry of the shoppers in the retails stores. It also enables in-store product information and promotional displays of the products and services to attract the attention of customers. These activities also help improve brand loyalty as the products are easily available with complete information.

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Hall-Effect Current Sensor Market expected to witness the highest growth worth 1,473.7 Million USD By 2023

According to the new market research report "Hall-Effect Current Sensor Market by Type, Technology, Output (Linear and Threshold), Industry (Industrial Automation, Automotive, Consumer Electronics, Telecommunication, Utilities, Medical, Railways), and Region - Global Forecast to 2023", the Hall-Effect current sensor market is expected to grow from USD 906.7 Million in 2017 to USD 1,473.7 Million by 2023, at a CAGR of 8.4% between 2017 and 2023. The factors driving the growth of this market are the continuous technological advancements, growing use of fully integrated and programmable current sensors, advantage of galvanic isolation-based Hall-Effect current sensors, and growing demand for intelligent Hall-Effect current sensors.

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The Major Players operating in the Hall-Effect current sensor market are ABB Ltd (Switzerland), Honeywell International, Inc. (US), STMicroelectronics N.V. (Switzerland), Allegro MicroSystems LLC (USA), Asahi Kasei Microdevice Corporation (Japan), Infineon Technologies AG (Germany), Melexis NV (Belgium), LEM Holding SA (Switzerland), TDK Corporation (Japan), and Kohshin Electric Corporation (Japan).

Browse 69 Market Data Tables and 46 Figures spread through 146 Pages and in-depth TOC on "Hall-Effect Current Sensor Market"

“Hall-Effect current sensor market for closed-loop current sensors expected to grow at the highest CAGR during the forecast period”

The Hall-Effect current sensor market for closed-loop current sensor is expected to grow at the highest CAGR between 2017 and 2023. Closed-loop current sensors help end users by providing higher accuracy and faster response time for current sensing applications.

The Hall-Effect current sensor market is expected to grow from USD 906.7 Million in 2017 to USD 1,473.7 Million by 2023, at a CAGR of 8.4% between 2017 and 2023. The growth of this market is fueled by the increasing demand for intelligent Hall-Effect sensors, ongoing technological advancements in Hall-Effect current sensors, and growing use of fully integrated and programmable current sensors. Moreover, the advantages of galvanic isolation-based Hall-Effect current sensors and developments in the Hall-Effect current sensor ecosystem through organic and inorganic growth strategies, such as product developments, expansions, partnerships, distribution contracts and agreements, and acquisitions, further drive the growth of this market.

Between open-loop and closed loop current sensors, the market for closed-loop current sensor is expected to grow at a higher CAGR between 2017 and 2023. The faster response time and higher accuracy have led to a rise in the adoption of closed-loop current sensors. Moreover, the demand for closed-loop current sensors would continue to grow due to their applications in critical industries such as medical, automotive, and aerospace & defense.  This would lead to further innovations in the Hall-Effect current sensor market.

The market for BiCMOS technology is expected to grow at a high CAGR between 2017 and 2023 driven by the growing adoption of BiCMOS technology over CMOS technology as it improves the speed of operations and reduces the density of the integrated circuit.

Among various industries, industrial automation held the largest share of the overall market in 2016. This is attributed to the growing applications of control systems and automation equipment in the industries, which creates a need for current measurement for various applications such as AC-DC converter, overcurrent fault detection, and battery monitoring.

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