Thin-Film Encapsulation (TFE) Market worth 101.1 Million USD by 2023

According to the new market research report "Thin-Film Encapsulation (TFE) Market by Application (OLED Display, Lighting, Thin-Film Photovoltaics), Deposition Technology (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE)), and Geography - Global Forecast to 2023", The thin-film encapsulation market for materialsis expected to grow from USD 31.7 Million in 2018 to USD 101.1 Million by 2023, at a CAGR of 26.1% between 2018 and 2023.


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The leading suppliers of thin-film encapsulation equipment and materials in the market are Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp. (UDC) (US), Applied Materials (US), 3M (US), Veeco Instruments (US), Kateeva (US), Toray Industries (Japan), BASF (Rolic) (Germany), Meyer Burger (Switzerland), Aixtron (Germany), Bystronic Glass (Germany), AMS Technologies (Germany), and Angstrom Engineering (Canada). Key innovators profiled in this report include Beneq (Finland), Encapsulix (France), Lotus Applied Technology (US), Vitriflex (US), and Picodeon (Finland).

The thin-film encapsulation market for materialscovers the thin-film organic and inorganic barriers used at the manufacturing level of flexible OLED displays, flexible OLED lighting, thin-film photovoltaics, and other products. The need for thin-film barriers in flexible and organic devices, trend of thin-film encapsulation using inkjet printing technology, and rapid adoption of flexible OLED displays for smartphones and smart wearables significantly drive the market growth. The growing investments in the OLED technology and manufacturing facilities and rising adoption of thin-film solar cells are likely to provide lucrative opportunities for the market players in the near future.

Rising demand for flexible OLED displays and flexible OLED lighting solutions is driving the growth of thin-film encapsulation market for materials

OLED displays accounted for the largest share of the thin-film encapsulation market for materials, in terms of value, in 2017. Samsung SDI and LG Chem develop thin-film encapsulation materials for flexible OLED displays. These companies are also working with thin-film encapsulation equipment suppliers, such as Kateeva and Applied Materials. The thin-film encapsulation market for materials in OLED lighting applications is expected to grow at the highest CAGR of 31.8% during the forecast period.

APAC is expected to hold the largest market share between 2018 and 2023

APAC accounted for the largest share of the thin-film encapsulation market for materials in 2017. Major display panel and brand product manufacturers are based in China, Japan, Taiwan, South Korea, and Hong Kong. South Korea witnessed the highest demand for thin-film encapsulation materials in 2017 owing to presence of industry leaders such as Samsung and LG Display in the country. Further, the demand for thin-film encapsulation materials from China is expected to increase rapidly during 2018–2023 as various Chinese players, such as BOE Technology and CSOT, are planning to construct facilities to manufacture flexible OLED panels.

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Digital Textile Printing Market worth 2.31 Billion USD by 2023

According to the new market research report on the "Digital Textile Printing Market by Printing Process (Roll to Roll, DTG), Ink Type (Sublimation, Pigment, Reactive, Acid), Application (Textile & Decor, Industrial, Soft Signage, Direct to Garment), and Geography - Global Forecast to 2023", this market is expected to be worth USD 2.31 Billion by 2023 from USD 1.76 Billion in 2018, at a CAGR of 5.59% between 2018 and 2023. The major factors driving the growth of the digital textile printing industry include the growing demand for sustainable printing; increasing demand for digital textile printing in the garment and advertising industries; shortening lifespan and faster adaptability of fashion designs; development of new technologies in the textile industry; reduced per unit cost of printing with digital printers, and growth of the e-commerce industry.

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The report also profiles the most promising players in the digital textile printing market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are Aeoon Technologies GmbH (Austria), ATPColor Srl (Italy), Bordeaux Digital PrintInk Ltd. (Israel), Durst Phototechnik AG (Italy), Hollanders Printing Systems B.V. (Netherlands), Kornit Digital (Israel), SPGPrints B.V. (Netherlands), Brother International Corporation (Japan), Colorjet Group (India), d.gen Inc. (South Korea), Konica Minolta, Inc. (Japan), Mimaki Engineering Co., Ltd. (Japan), Mutoh Holdings Co. Ltd. (Japan), Ricoh Company Ltd (Japan), Roland DG Corporation (Japan), Seiko Epson Corporation (Japan), DuPont (US), Electronics For Imaging, Inc. (US), and Huntsman International LLC (US).

Roll to Roll printing process expected to hold largest market share by 2023

The roll to roll printing process is expected to hold the largest share of the digital textile printing market during the forecast period. Currently, the roll to roll printing process accounts for more than two-thirds of the digital textile printing market and is majorly used in textile & decor, soft signage, and industrial applications. The major applications in textile & decor are home textile, upholstery, linens, drapery, scarves, ties, bags, sportswear, footwear, clothes, interior decor, etc. Applications in the soft signage and industrial segments include carpets, posters, banners, flags, vehicle wrapping, wallpaper, building material, POS display, etc.

Direct to Garment application to grow at highest rate during forecast period

The direct to garment application is estimated to register the highest CAGR during the forecast period. Fast moving fashion cycles, cost advantage on short run cycles, creative designs, quick time to market for new trends, reduced wastage, and low power consumption are some of the major factors which will drive the market for direct to garment applications. According to industry experts, the future of fashion is all about customization. Consumers choose to wear the shape, size, prints, and colors that best suit them. The fashion industry is going through an evolution regarding how it gets products from the runway during a fashion week to stores and ultimately customers’ wardrobes quicker than ever. This has led to a shift in the entire production timeline.

Europe likely to hold largest share of digital textile printing market during forecast period

Europe is expected to hold the largest share of the digital textile printing market during the forecast period owing to the economic recovery and increased growth in the printing industry. Digital textile printers are increasingly being deployed in Europe to meet the need for faster turnaround times, shorter runs, and more variable data printing with high quality. The use of digital textile printers in the fashion industry is another factor driving the growth of this market in this region.

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Artificial Intelligence Market worth $190.61 billion by 2025 with a Growing CAGR of 36.6%

According to the new market research report "Artificial Intelligence Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), End-User Industry, and Geography - Global Forecast to 2025", The artificial intelligence market is expected to be valued at USD 21.5 billion in 2018 and is likely to reach USD 190.6 billion by 2025, at a CAGR of 36.6% during the forecast period. Major drivers for the market are growing big data, the increasing adoption of cloud-based applications and services, and an increase in demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts. Critical challenges facing the AI market include concerns regarding data privacy and the unreliability of AI algorithms. Underlying opportunities in the artificial intelligence market include improving operational efficiency in the manufacturing industry and the adoption of AI to improve customer service.

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The Major Players in this market include Intel (US), NVIDIA (US), Xilinx (US), Samsung  (South Korea), Facebook (US), Micron(US), IBM (US), Google (US), Microsoft (US), and AWS (US).

Deep learning is expected to grow at the highest CAGR during the forecast period

The increasing use of deep learning in applications such as image recognition, speech recognition, and data mining is the prime factor resulting in its growth. In addition, the rising adoption of deep learning algorithms to derive vital information generated from wearables and electronic health record (EHR) systems and its use in drug discovery application are the key factors driving the market growth.

Software market for artificial intelligence expected to hold the largest market share

The software market is expected to hold the largest share for artificial intelligence market. The software market is growing due to increasing conversation AI platforms. Also, The general purpose AI platforms and software being used to develop interface and application ranging from conversational interfaces to predictive and prescriptive applications that offer advice and recommendations. The AI software platform is majorly focused on tools and API framework for application and technologies based on AI and ML using both structured and unstructured data to drive these application.

Manufacturing end-user industry is expected to grow at the highest CAGR during the forecast period

The manufacturing industry is witnessing a new wave of technological revolution, which is boosting the idea for implementation of artificial intelligence (AI) in the plant. AI-based solutions are adopted in manufacturing facilities to improve the productivity by maximizing asset utilization, minimizing downtime, and improving machine efficiency. Moreover, AI in manufacturing is expected to enhance productivity through quality control by detecting defects and help in the predictive maintenance of factory machinery. This factor is expected to drive the growth of the AI market in manufacturing. Deep learning, natural language processing, context awareness, and computer vision are the major technologies used for data mining, image analysis, signal analysis, decision-making, and execution.

North America expected to hold the largest market share, APAC to witness the highest growth rate

North America is expected to hold the largest share and dominate the artificial intelligence market between 2018 and 2025. Rapid developments in infrastructure and the high adoption of digital technologies are the 2 major drivers of the AI market in the region. Additionally, the region, a well-established economy, has also seen large-scale investments in AI, as a result of which, both start-ups and well-established companies are concentrating more on developing innovative AI-enabled solutions to cater to the various industry verticals. Moreover, the smart city initiatives are increasing in the North American region, due to which, there is an increase in the raw data as well. The need to analyze such raw data to extract relevant information has increased the demand for various AI platforms, such as Google cloud prediction API, Microsoft Azure ML, and Amazon’s AWS in this region.

The artificial intelligence market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. In security, with increasing incidents of cyberattacks and a growing cyber-war in the region, organizations and governments are focusing on robust defense infrastructure. APAC, especially China, Japan, and South Korea, is considered the largest market for industrial robots. Industrial robots generate a huge volume of data, which is used for training robots. This would act as one of the major drivers for the AI market in APAC.

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Artificial Intelligence Chipsets Market worth 59.26 Billion USD by 2025

According to the latest market research report "Artificial Intelligence Chipsets Market by Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), Hardware (Processor, Memory, Network), End-User Industry, and Geography - Global Forecast to 2025", the overall artificial intelligence (chipsets) market is estimated to be valued at USD 7.06 Billion in 2018 and is expected to be worth USD 59.26 Billion by 2025, growing at a CAGR of 35.5% from 2018 to 2025. The availability of big data, coupled with AI algorithms for an extensive range of application areas, is fueling the growth of the AI (chipsets) market. Increased productivity and improved customer satisfaction are the other key factors driving this market.

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Companies that are profiled in this report are NVIDIA (US), Intel (US), Xilinx (US), Samsung Electronics (South Korea), Micron Technology (US), Qualcomm Technologies (US), IBM (US), Google (US), Microsoft (US), and AWS (US). Some of the key start-ups included in this report are Graphcore (UK), Wave Computing (US), Mythic (US), Adapteva (US), and Koniku (US).

Machine learning to hold largest market share from 2018 to 2025

Machine learning is expected to hold the largest share of the AI (chipsets) market from 2018 to 2025. Machine learning enables systems to automatically improve their performance with experience. ML aims to develop a computer program/algorithm that can access data and use it to train itself with no human intervention. Machine learning’s ability to collect and handle big data, and its applications in real-time speech translation, autonomous robots, and facial analysis are fueling its growth.

AI (chipsets) market for memory to grow at highest CAGR from 2018 to 2025

The AI (chipsets) market for memory is expected to grow at the highest CAGR during the forecast period. Increasing demand for memory to run large and complex AI algorithms based on AI technologies such as machine learning, computer vision, and predictive analytics is driving the growth of memory devices. In addition, high-bandwidth memory is being developed and deployed for AI applications, independent of its computing architecture.

Marketing to account for largest market size among other end-user industries between 2018 and 2025

The AI (chipsets) market is currently led by the marketing end-user industry. This is attributed to the increasing use of AI for performance improvement of marketing campaigns through better decision-making and offering personalized content to the target markets. Search advertising, social media advertising, and sales and marketing automation are the major applications of AI in marketing.

North America to lead AI (chipsets) market in terms of market size

North America held the largest share of the AI (chipsets) market in 2017. The increasing adoption of AI technology in various end-user industries, such as healthcare, manufacturing, automotive, agriculture, retail, marketing, law, and fintech, and strong presence of industry giants and emerging AI companies in the region are the key factors supporting the growth of the AI (chipsets) market in North America.

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Augmented and Virtual Reality in Healthcare Market worth $6.5 billion by 2025

The report "Augmented and Virtual Reality in Healthcare Market by Offering (Hardware and Software), Device Type, End User, Application (Patient Care Management, Medical Training & Education, Pharmacy Management, Surgery), and Geography – Global Forecast to 2025", is expected grow from USD 0.8 billion in 2017 to USD 6.5 billion by 2025, at a CAGR of 30.7% between 2017 and 2025. The increasing penetration of connected devices in the healthcare sector, increased investment in the AR and VR healthcare, and the growing need to reduce the healthcare cost are the major drivers for the augmented reality in healthcare and virtual reality in healthcare market.

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Key Market Players

Major players in the market for augmented reality in healthcare and virtual reality in healthcare are Google (US), Microsoft (US), DAQRI (US), Psious (Spain), Mindmaze (Switzerland), Firsthand Technology (US), Medical Realities (UK), Atheer (US), Augmedix (US), and Oculus VR (US).

Hardware to witness higher growth during the forecast period

AR and VR require several hardware components such as sensors, semiconductor components, displays & projectors, position trackers, and cameras. Sensors used in handheld display devices such as smartphones and tablets play an important role in the AR market. Global positioning system (GPS) and compass are used in mobile phones for route navigation. Camera has been an integral part of the AR market and is expected to provide optimum benefit to smartphone users in the near future. These components will drive the growth of hardware of AR and VR in healthcare during the forecast period.

Head-up displays to grow at higher CAGR during the forecast period

HMDs with respect to out-of-hospital-care and emergency medical services can be used to help casualties in mass accidents and disaster medicine. HMDs are expected to grow at a high rate in virtual reality in healthcare market owing to its widespread adoption in the healthcare industry. Major use cases of AR and VR head-mounted displays in healthcare include pre-hospital medical care, nursing care in clinical environments, and medical treatment in hospitals. Also, the use of AR smart glasses is expected to grow at a high rate to boost the augmented reality in healthcare market. The European scientists are in process of developing AR HMDs to improve the efficiency of surgical processes. The Video Optical See-Through Augmented Reality Surgical System (VOSTARS), a medical visor, is an HMD that would ease the superimposing of patient’s X-ray images in 3D unison with their anatomy.

Surgery application to witness high growth during the forecast period

Medical practitioners and patients are aware of the importance of precision in surgical procedures. Augmented reality surgery—a surgical training tool—uses technology that superimposes a computer-generated image on a surgeon’s view of the operative field. It provides a composite view of the patient’s internal organs with a computer-generated overlay that enhances the operative experience of the surgeon. Training surgeons on specific surgical procedures is hard and expensive. The high growth of the surgery application is due to the advantages of the AR and VR technologies used during the operational procedures. The use of AR and VR can help surgeons to perform surgeries more efficiently.

AR and VR market for healthcare in APAC is expected to grow at the fastest rate during the forecast period

Being an emerging economy, APAC is witnessing major changes pertaining to the adoption of new technologies and advancements. The region also witnesses an increasing adoption of the latest technologies due to the presence of most of the electronics and display panel manufacturers in the region. Fitness management, patient care management, and pharmacy management are expected to contribute substantially to the growth of the AR and VR in healthcare market in APAC. These applications offer a huge potential for the AR and VR in healthcare market players to grow due to the increasing awareness among healthcare providers and the rising adoption of new technologies in various industries— especially in countries such as Japan, China, India, and South Korea. The increasing number of players in the region would boost the growth of the AR and VR in healthcare market.

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Intelligent Virtual Assistant Market worth 17.72 Billion USD by 2023

The report "Intelligent Virtual Assistant Market by Product (Chatbots, IVA smart speakers), User Interface (Text-based, Text-to-speech based, Automatic Speech Recognition), Industry (Consumer Electronics, BFSI, Retail), and Geography - Global Forecast to 2023", The global intelligent virtual assistant (IVA) market is expected to grow from USD 2.48 Billion in 2017 to USD 17.72 Billion by 2023, at a CAGR of 38.82% between 2017 and 2023. The market is expected to be driven by the demand for automation in customer support services. At the same time, IVA smart speakers are very much in demand for smart home applications such as wireless-connected thermostats, air-conditioners, and others.

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Major companies in the overall IVA market that have been included in this report are Alphabet (US), Amazon.com (US), Apple (US), Nuance Communications (US), IBM (US), Microsoft (US), Samsung Electronics (South Korea), Inbenta Technologies (US), Baidu (China), and Blackberry (US).

BFSI sector has the highest market share of the IVA market and is expected to witness a substantial growth from 2017 to 2023

IVAs are being driven by the BFSI sector due to its demand in automated customer support services. This is due to the technological dependence of people on online transactions while managing their finances. General queries such as balance check, account status, or new schemes can be resolved through chatbots, without engaging a person for resolving such queries. This is propelling the demand for IVA devices.

The automatic speech recognition (ASR)-based IVA is expected to grow at the highest CAGR from 2017 to 2023.

The overall IVA market has been segmented on the basis of user interface. Automatic speech recognition IVAs are expected to grow at a significant rate between 2017 and 2023, driven by the growing demand for smart speakers in home automation systems. Smart home systems are increasingly being adopted especially in North America and Europe. This will fuel the growth of smart speakers that are used in controlling smart home devices such as wireless thermostats, music systems, washing machines, and others.

North America is expected to hold a large share of the IVA market through 2023

North America was the largest market in 2016, followed by Europe and APAC. This is mainly due to the awareness and the availability of smart speakers in North America This is a technologically advanced region where new technologies are adopted at the earliest. Also, major IVA players such as Apple (US), Amazon (US), and Alphabet (US) belong to North America. The IVA market in Europe is expected to hold the second-largest market share by 2023 owing to the growth of gas-sensing applications.

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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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Plasma Lighting Market expected to reach $415 million by 2024

According to the new market research report "Plasma Lighting Market by Component (Lightron, Waveguide, and Cavity Resonator), Application (Roadways, Streets, and Tunnels Industrial, and Horticulture), Wattage (300W, 700W, and 1,000W), and Geography - Global Forecast to 2024", the plasma lighting market is expected to be worth USD 329 million in 2019 and reach USD 415 million by 2024, at a CAGR of 4.7% from 2019 to 2024. The growth of this market can be attributed to the increasing awareness across the globe about energy-efficient lighting technologies. In addition, initiatives by governments of different countries to encourage the use of energy-efficient lights are also fueling the growth of the market.

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

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

By application, the industrial segment will lead the plasma lighting market in 2019. The increasing awareness about safety and security of employee is the prime factor behind industrial segment growth. In industrial settings, safety is a primary concern, and proper and adequate lighting is a key factor to maintain high productivity of workers. The improper application of light can result in excessive lighting, leading to energy wastage. The industrial end users can save on lighting expenses and conserve energy by using solid-state and other energy-efficient lighting systems such as LEP.

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

Europe is expected to hold the largest share of the plasma lighting market in 2019. It is among technologically advanced regions of the world. Several European countries are taking initiatives to increase the adoption of energy-efficient, low maintenance, and reliable lighting solutions. Plasma lights have been used in Europe for the past few decades to grow plants in commercial greenhouses. The use of plasma lights to grow plants in this region is gradually increasing from being a supplemental lighting source to becoming the primary source of light in indoor farming.

The population of Europe has expanded rapidly in recent times, and the countries are importing frozen fruits and vegetables from Africa and Asia. Indoor horticulture is gaining rapid momentum in some of the major countries of Europe to obtain fresh produce from local farms. This is expected to generate increased demand for plasma light systems used in greenhouses in the coming years.

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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