Submarine Cable System Market worth $22.0 billion by 2025 growing with a CAGR of 11.1%

The report "Submarine Cable System Market by Application (Communication (Component, Offering (Installation & Commissioning, Upgrades)), Power (Type, Voltage, End User (Offshore Wind Power Generation, Offshore Oil & Gas), and Region - Global Forecast to 2025", is expected to grow from USD 13.0 billion in 2020 to USD 22.0 billion by 2025 at a CAGR of 11.1%. The growth of the submarine cable system industry can be attributed to the growing number of internet connections worldwide, a surge in bandwidth globally, an increasing number of new offshore wind capacity additions, and growing demand for inter-country & island connections.  Moreover, an increase in the investments for the deployment of high-capacity communication systems by over-the-top (OTT) players and increasing demand for high-voltage direct current (HVDC) submarine power cable are expected to create considerable growth opportunities for the development of the global submarine cable system sector.

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Browse 62 market data Tables and 28 Figures spread through 150 Pages and in-depth TOC on "Submarine Cable System Market by Application (Communication (Component, Offering (Installation & Commissioning, Upgrades)), Power (Type, Voltage, End User (Offshore Wind Power Generation, Offshore Oil & Gas), and Region - Global Forecast to 2025"

 

Major Players in the submarine power cable market include Prysmian (Italy), Nexans (France), and NKT (Denmark), and key players in the submarine communication cable market are Alcatel-Lucent (France), SubCom (Switzerland), and NEC Corporation (Japan), among others.

The wet plant products segment held a larger share of the submarine communication cable market during the forecast period.

The growth of the wet plant products segment can be attributed to an increase in the demand for cables, repeaters, and branching units for laying them on the ocean beds, unlike dry plant products such as SLTE, which can be upgraded according to the bandwidth requirements.

Offshore wind power generation to hold the largest size of the submarine power cable market during the forecast period

According to the Global Wind Energy Council (GWEC), the UK is the world’s largest offshore wind market and accounted for a share of ~34% of the global installed wind energy capacity in 2019. It was followed by Germany, which accounted for a share of ~28% of the total installed capacity in the same year. China accounted for a share of ~20% of the global offshore installed capacity of wind energy in 2019. Moreover, countries such as the UK, Germany, China, Japan, and Taiwan plan to invest significantly to expand and develop their regional offshore wind energy industry. These factors are expected to fuel the demand for submarine power cables for offshore wind power generation during the forecast period.

The single-core segment is projected to lead the submarine power cable market from 2020 to 2025

The growth of this segment can be attributed to the increased use of single-core cables as they are easy to deploy and are suitable for covering longer lengths than multicore cables. Moreover, upcoming extra-high voltage projects in APAC, Europe, and North America are expected to drive the growth of the single-core segment of the submarine power cable market during the forecast period.

Trans-Pacific submarine communication cable market to grow rapidly in the coming years

Submarine communication cable systems deployed in the Trans-Pacific region aim at not only enhancing the submarine system capacity along their respective routes but also focus on edging out the competition in terms of communication latency. These new systems provide increased route diversity— especially along the southern part of the region. According to the Information Technology and Innovation Foundation (ITIF) 2019 report, ~30% of the expected deployments of submarine communication cables in the Trans-Pacific region aim at increasing capacity and reducing latency among Asia, Australia, and the US from 2019 to 2021.

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Non-Destructive Testing and Inspection Market - Explores new Growth Opportunities worth $12.6 Billion

The "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", published by MarketsandMarkets^TM. 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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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.

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

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

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.

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.
Sample Pages of Report : NDT Market

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Interactive Display Market - Revenue growth worth $13.8 billion by 2024

According to the new market research report "Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor, Flat Panel Display), Panel Size (17”– 32”, 32”– 65”, Above 65”), Vertical (Education, Govt. & Corporate), Technology, and Geography - Global Forecast to 2022", the market is expected to grow from USD 9.90 Billion in 2015 to reach USD 26.91 Billion by 2022, at a CAGR of 15.51% between 2016 and 2022.

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The major players operating in this market includes Samsung Display Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Panasonic Corporation (Japan), NEC Display Solutions Ltd. (Japan), Planar Systems Inc. (U.S.), Elo Touch Solutions Inc. (U.S.), Crystal Display Systems Ltd. (U.K.), and IntuiLab SA (France), among others.

Browse 103 market data tables and 62 figures spread through 179 pages and in-depth TOC on “Interactive Display Market - Global Forecast to 2022”

Increasing opportunities and highly dynamic nature of interactive displays, rising trend to adopt interactive displays in retail sector, and customer engagement with interactive displays have led to the rise in the demand for interactive displays. Also, increasing deployment of interactive flat-panel displays in educational institutes is driving the demand for interactive display market.

Education sector accounted for the largest share of the interactive display market in 2015

The interactive display systems market is led by the education vertical. The high demand for interactive flat panel displays and interactive whiteboards from educational institutes is one of the major factors driving the growth of the interactive display systems market for education vertical. The healthcare sector is estimated to grow at the highest rate between 2016 and 2022. Interactive displays are used in hospital premises as a wayfinding tool for the visitors. Interactive displays in the hospitals can showcase the information about the patients such as medical history, type of disease, type of treatment and the information related to the service provided by hospital.

The market for interactive flat panel displays is likely to grow at the highest rate during the forecast period

The market for the interactive flat-panel displays is expected to grow at the highest rate between 2016 and 2022 and is expected to hold the largest market size by 2022. Interactive flat panel display enables the user to interact with the content smoothly and easily. These displays help the students to understand the classroom content in easy way. In the U.S., older versions of interactive whiteboards are getting replaced with the interactive flat-panel displays as it offers more advanced feature than interactive whiteboards. This is the important driver for flat panel displays.

Americas held the largest market share in 2015

The Americas held the largest share of the interactive display market in 2015, followed by Europe and APAC. The U.S. accounted for the largest share of the interactive display systems market in the Americas. The region has some of the leading companies which offer advanced interactive displays in the market. Use of interactive whiteboards and flat-panel displays is done on a large scale in the Americas in education and government and corporate sector.

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Light Control Switches Market expected to reach $10.1 billion by 2025

According to the new market research report, "Light Control Switches Market by Product Type (Switches, Dimmers), Communication Technology (Wired, Wireless), End-use Application, Switch Solutions (Standalone, Integrated), Light Source, Geography - Global Forecast to 2025", The light control switches market is estimated to grow from USD 6.6 billion in 2020 and projected to reach USD 10.1 billion by 2025, at a CAGR of 8.9%. The major factors driving the growth of the light control switches market include the advent of integrated lighting control systems, ongoing and upcoming smart city projects in developing economies, increasing adoption and reduction in prices of LEDs, and growing awareness about energy savings among consumers and governments worldwide.

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Browse 70 market data Tables and 60 Figures spread through 160 Pages and in-depth TOC on "Light Control Switches Market - Global Forecast to 2025"

 

Some of the major players in the light control switches market are Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht (Germany), Acuity Brands, Inc. (US), Leviton Manufacturing Company, Inc. (US), Lutron Electronics (US), Schneider Electric (France), Honeywell International Inc. (US), Ideal Industries (US), Adesto Technologies (Echelon Corporation), Panasonic (Japan), Helvar (Finland), LightwaveRF PLC (UK), RAB Lighting (US), Synapse Wireless (US), and Dialight PLC (UK).

“DALI protocol to hold the largest size of light control switches market for wired communication technology during the forecast period.”

In 2019, the DALI protocol held the largest share of wired communication technology. As of now, DALI is the predominant communication technology used owing to its ease of installation, open protocol, and requirement of less branch wiring than traditional controls. However, technology is not seen as a dominant protocol in the future due to the escalated demand for wireless technologies.

“Light control switches market for electronic switches is expected to exhibit high growth during the forecast period.”

Electronic switches include wireless switches, sensor-based switches, and others. The adoption of electronic switches is increasing owing to their ability to control lights effectively and ensure higher energy savings, leading to very high growth during the forecast period.

“APAC to hold the largest share of light control switches market during the forecast period.”

APAC accounted for a significant share of the light control switches market in 2019. APAC is expected to be the fastest-growing region for the light control switches market during the forecast period owing to the rapid infrastructure-related activities being undertaken in this region, mainly in China, where smart lighting paves the way for the modernization of infrastructure. Factors such as the ever-growing population, increasing per capita income, as well as vast geographic expansions, have indirectly contributed to the growth of the market for light control switches in the Asian countries.

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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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Cryocooler Market Size, Trends, Analysis and Forecast 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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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"

Market for the compressors is expected to hold the largest share during the forecast period

The cryocooler market for compressors is expected to lead the market between 2017 and 2022. Compressor is one of the major components of cryocoolers. The primary function of the compressor is to circulate the refrigerant in the system under pressure; this concentrates the heat it contains.
Gifford-McMohan (GM) and PT cryocoolers come with associated compressors that continually operate to keep the systems at the base temperature. Currently, there is a need for small cryocooler compressors with a high power density. By increasing the operating frequency of the compressor, high power density can be achieved.

Gifford-McMahon (GM) cryocoolers market expected to hold the largest share from 2017 to 2022

One of the major reasons for the higher cryocooler market of Gifford-McMahon (GM) cryocoolers is the wide usage of these cryocoolers to cool down the IR sensors used in MRI systems, missile guidance in military, and cryopumps in semiconductor fabrication applications. These cryocoolers are one of the most popular types of cryocoolers used in various applications due to their simple structure and high reliability

Military application in the cryocooler market is expected to hold the largest share from 2017 to 2022

The major factors contributing to the growth of this cryocooler market include the rising adoption of cryocoolers in cooling infrared sensors used in military applications. The cryocoolers are used to cool down the infrared sensors to approximately 80 Kelvin.

Americas expected to account for the largest market share from 2017 to 2022

The cryocooler market in the Americas held the largest share of the global market in 2016, followed by the markets in Europe and APAC. The growth of 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.

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Hermetic Packaging Market : Rising Demand of Hermetically Sealed Packaging Components and Ics for Myriad Applications

"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.

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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

Every hermetically packaged electronic component or device used in the military & defense industry needs to meet the US military standards such as method 1014.13 of MIL-STD-883, method 1071 of MIL-STD-750, and appendix C of MIL-PRF-38534G. These standards focus on measurement of the hermeticity of a package and define the acceptable leak rate for hermetic packaging. According to these standards, the moisture level of 5,000 parts per million (ppm) at 100°C is acceptable for packages of internal volume smaller than 10 mm3 as well as a leak rate of ≤510−9cm3s−1 of dry air at 25°C.

Microelectronic components used in aerospace, military, and medical devices have the toughest regulation for hermetic packaging primarily because of their life-critical applications. Tightening of standards compels companies buying new leak test equipment as older ones no longer have the required test sensitivity to test according to the new standards. Market players need to adhere to such standards to increase their market share at the expense of increased expenditure. These stringent standards for hermetic packaging restrain the growth of the concern market.

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).
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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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Assistive Robotics Market worth $11.2 billion by 2024

According to the new market research report "Assistive Robotics Market by Mobility, Type (Physically, Socially, Mixed Assistive), Application (Elderly Assistance, Companionship, Handicap Assistance, Surgery Assistance, Industrial, Defense, Public Relations), and Geography - Global Forecast to 2024", The assistive robotics market is expected to grow from USD 4.1 billion in 2019 to USD 11.2 billion by 2024, at a CAGR of 22.3% during the forecast period. Due to the increasing number of people suffering from strokes and spinal cord injuries across the world, demand for assistive robots such as exoskeletons is increasing. Hence, the increasing prevalence of strokes and spinal cord injuries is one of the key factors driving the growth of the assistive robotics market. Another driver for the assistive robotics market includes rising insurance coverage for medical exoskeletons and robotic surgeries.

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Browse 68 market data Tables and 40 Figures spread through 142 Pages and in-depth TOC on "Assistive Robotics Market - Global Forecast to 2024"

 

Major players in the assistive robotics market include Kinova Robotics (Canada), Focal Meditech (Netherlands), Cyberdyne (Japan), Intuitive Surgical (US), ReWalk Robotics (Israel), SoftBank Robotics (Japan), Ekso Bionics (US), Ubtech Robotics (China), Barrett Technology (US), and Hyundai (South Korea). Apart from these, Intuition Robotics (Israel) and Mojin Robotics (Germany) are a few of the emerging companies in the assistive robotics market.

Mixed assistive robots to hold largest share of assistive robotics market by 2019

Surgical robots and elderly care robots are covered under the category of mixed assistive robots. In recent times, there has been an upsurge in the adoption of robot-assisted surgeries due to the various advantages they offer. Also, the demand for elderly care robots has risen steadily over the years, owing to the rise in the elderly population coupled with the lack of attendants. Hence, the increasing adoption of robot-assisted surgeries across the world and the rising geriatric population are expected to propel the demand for mixed assistive robots during the forecast period.

Surgery assistance application to dominate assistive robotics market during forecast period

Surgery assistance application is expected to hold the largest share of the assistive robotics market in 2019 and is projected to dominate the market during the forecast period. In recent times, people are moving toward the adoption of robot-assisted surgeries due to the various advantages they offer, such as smaller incisions, decreased blood loss, less pain, and quick recovery. With a large number of people opting for minimally invasive surgeries due to their numerous advantages, the assistive robotic systems in the surgery assistance application are expected to hold the largest share during the forecast period.

North America to hold largest share of assistive robotics market by 2019

North America is expected to hold the largest share of the assistive robotics market in 2019 and is projected to dominate the market during the forecast period. Growing demand from the healthcare sector for rehabilitation and a favorable funding scenario for research on assistive technologies are the key factors driving the market growth of assistive robots in North America.

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. Sanjay Gupta
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630 Dundee Road
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USA : 1-888-600-6441
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