Forecast USD 13.2 bn proposed boosts in Interactive Display Market: Detailed Research Report

The report "Interactive Display Market with COVID-19 Impact Analysis, by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025", is expected to grow from USD 9.0 billion in 2020 to USD 13.2 billion by 2025, at a CAGR of 8.1%. Growing request for gamification and digital classrooms, growing acceptance of interactive displays in retail sector, deteriorating price of displays, easy accessibility of interactive products, and increased end-user engagement by using interactive displays for numerous applications—such as learning, presentations, signage, wayfinding, and ticketing—are the key factors powerful the interactive display market.

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Interactive whiteboard held the largest part of the interactive display market

The advent of interactive learning and improvements in teaching methodologies drive the growth of the market for interactive whiteboards. Due to fast advancements in technology, companies aim on innovation to supply variety and additional features in products. Interactive video walls are used for publicity by various companies to attract larger crowds. Video walls are attached to large walls and can thus grab the attention of passers-by. An increasing number of malls and public outing spaces are boosting the requirement for interactive video walls.

32–65” held the largest share of the interactive display market in 2019

Interactive displays with screen sizes between 32 inches and 65 inches are mainly used in the healthcare and hospitality zones. Besides, these screens are also used in restaurants as menu boards to show prices, ingredients, and waiting time of the orders taken from customers. In the healthcare sector, many interactive healthcare smart displays are specially designed for the hospital environment. These large-sized displays are very costly. Hence, they are primarily used in industrial applications and some niche applications. However, improved product performance and reduced cost are expected to open new application areas for these displays in the corporate, educational, hospitality, and retail sectors during the forecast period.

Flat panel type to dominate the interactive display market during the forecast period

The interactive display market is currently dominated by the flat panel displays only. The other 2 panel types are in a very nascent stage in the interactive ecosystem, as of now, and are expected to grow at a high rate during the forecast period. Going forward, transparent displays are expected to be used more in interactive tables, kiosks, and monitors.

North America is leading the market for interactive display in 2019

North America is the leading region in terms of market size related to interactive display applications. The interactive display market is estimated to grow significantly over the next few years in North America. In the current market scenario, the US dominates the interactive display market in North America. Mexico is expected to rapidly adopt interactive displays soon. Therefore, the interactive display market is expected to have potential opportunities in North America.

key companies running in the market are Samsung Electronics (South Korea), LG Display (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), Sharp (Foxconn) (Japan), Elo Touch Solutions (US), Crystal Display Systems (UK), ViewSonic (US), Horizon Display (US), and so on.

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NDT and Inspection Market : Future Plans and Industry Growth with Quantitative And Qualitative Analysis

 

The report "NDT and Inspection Market with COVID-19 Impact by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Region - Global Forecast to 2025", size is estimated to grow from USD 8.4 billion in 2020 to USD 11.7 billion by 2025, growing at a CAGR of 7.0%. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are among a few major factors driving the NDT and inspection markets growth. The high adoption of IoT devices and rising need to assess aging assets health also propel the development of the NDT and inspection market.

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“The ultrasonic testing (UT) technique to hold the largest share of the NDT and inspection market in 2019”

Ultrasonic testing is expected to account for the largest market share in 2019. It is presently the most popular NDT technique owing to its ability to identify defects and determine their severity accurately. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can also be used for critical applications in the oil & gas and aerospace industries. Ultrasonic testing has evolved considerably over the last few decades and is the most important NDT technique for identifying and quantifying surface and subsurface defects. Ultrasonic NDT inspection can be conducted by using a wide range of methods, a few of which are manual and cost-effective, while others need advanced automated equipment for determining faults in critical applications. This technique can also be deployed to inspect objects that are not easily accessible through direct contact, such as inspecting the piping system buried under the earths surface.

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 2020 to 2025. 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 and the post-care of the damages.

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

North America is expected to hold the largest share of the overall NDT and inspection market by 2025. The rapid growth of automotive, power generation, oil & gas, and aerospace & defense industries in the region are 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.

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SCADA Market worth $13.2 billion Next Generation Research Study by 2026

 

According to the new market research report "SCADA Market with COVID-19 Impact by Offering (Hardware, Software, Services), Component (Programmable Logic Controller, Remote Terminal Unit, Human‒Machine Interface, Communication System), End User, and Region - Global Forecast to 2026", the global SCADA market size was valued at USD 9.2 billion in 2021 and is projected to reach USD 13.2 billion by 2026; it is expected to grow at a CAGR of 7.6% from 2021 to 2026. The key factors fueling the growth of this market include increased adoption of Industry 4.0 solutions using SCADA systems, high demand for industrial mobility solutions for efficient management of process industry, and use of software platforms such as IoT and artificial intelligence.

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Services offering accounted for largest size of the SCADA market in 2020.

The services segment accounted for the largest share of the SCADA market in 2020. Many of the industries in the Americas and Europe have already implemented SCADA systems. Thus, there are fewer opportunities in terms of the implementation of new SCADA systems. However, in terms of modification of SCADA systems, there are huge opportunities. After the installation of SCADA systems, organizations need proper modification and maintenance throughout the life of SCADA systems. Service offerings, especially cybersecurity, are considered while customizing or modifying SCADA systems.

Porcess industry is expected to hold the largest size of the SCADA market in 2021.

Process industry is expected to account for the largest share of the SCADA market during 2021–2026. The rate of adoption of SCADA systems is high in process industries owing to the rising pressure on manufacturers to optimize the cost and production processes. Increasing demand for real-time visibility of complex operations in industries such as oil & gas, chemicals, pharmaceuticals, metals and mining, and food & beverages is expected to drive the demand for SCADA systems in the process industry.

APAC projected to grow at the highest CAGR of SCADA market from 2021 to 2026.

APAC is projected to hold the largest share of the SCADA market during the forecast period. APAC is the production hub for automation technologies due to the presence of major companies such as Yokogawa Electric, Mitsubishi Electric, and OMRON. Renewable energy, smart grids, water & wastewater, and transportation sectors are expected to drive the growth of the SCADA market in APAC. Automation is increasing in APAC because of the rising necessity for high-quality products, along with increased production rates.

Schneider Electric, Emerson Electric, Rockwell Automation, ABB, Siemens, Honewell International, and Mitsubishi Electric, among others, are some of the key players offering SCADA systems.

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Substrate-Like PCB Market expected to reach $2.6 billion by 2024

 

According to the new market research report on "Substrate-Like PCB Market by Line/Spacing (25/25 & 30/30 µm and Less than 25/25 µm), Inspection Technology (Automated Optical Inspection, Direct Imaging, Automated Optical Shaping), Application, and Geography - Global Forecast to 2023", The substrate-like PCB market is expected to grow from USD 1.1 billion in 2018 to USD 2.6 billion by 2024, at a compound annual growth rate (CAGR) of 15.6% during the forecast period. The high adoption of SLPs by leading OEMs, surge in demand for smart consumer electronics and wearable devices, and impactful benefits of SLP are a few major factors driving the growth of the substrate-like PCB market.

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Line space of 25/25 & 30/30 µm to hold major share of substrate-like PCB market during forecast period

Line space of 25/25 & 30/30 µm is expected to hold the largest market share for the SLP market based on the line/space segment. Most of the consumer electronics devices, such as smart bands, smartphones, and fitness trackers, are battery operated and demand for more battery capacity. To increase the battery capacity, the size of the PCB should be compromised. To achieve this, SLPs can be implemented, and the line/space can be reduced to 25/25 µm or 30/30 µm. Therefore, smartphone manufacturers such as Apple and Samsung are using SLPs, which can subsequently allow using larger batteries. Due to the more detailed, smaller area, SLPs can set aside more space for other components. Earlier, HDI PCBs required line/space of 50/50 µm, but due to the use of mSAP, line/space of up to 25 µm can be achieved.

Consumer electronics application to dominate substrate-like PCB market during forecast period

The consumer electronics application is expected to hold the largest market share of the substrate-like PCB market. Consumer electronics includes smartphones, tablets, smart bands, fitness bands, wearables, and others. Increasing demand for consumer electronics expected to provide opportunities to players in the SLP market. Due to the increasing power consumption in consumer electronics applications, batteries need to get bigger, while boards need to get smaller; SLP is seen as an element that can satisfy both the conditions simultaneously. Moreover, with the adoption of 5G, there is a requirement for advanced PCBs, which is expected to propel the SLP market growth in the coming years. There will be more space for the battery with the use of SLP in a smartphone as SLP will allow for thinner connections between key components such as the DRAM, NAND flash memory, and application processor. With the use of SLP, the number of layers can be increased, thereby reducing the board area and width by 30% compared to the existing one. Major SLP suppliers include Kinsus, Ibiden, Compeq, Unimicron, AT&S. ZD Techand Samsung Electro-Mechanics.

APAC to hold major share of substrate-like PCB market by 2024

APAC is an emerging market for substrate-like PCBs. APAC is expected to hold the largest size of the substrate-like PCB market during the forecast period due to the high adoption of SLP-based products in consumer electronics such as smartphones, and strong presence of major smartphone players such as Samsung, Huawei, Oppo, and Vivio in this region. APAC has become a global focal point for large investments and business expansion opportunities. More than 50% of the global mobile subscribers live in APAC—mostly in China and India. There has been a paradigm shift of users from 3G to 4G technology in this region. Asian markets are encouraging the development of 5G mobile technologies with commercial deployments planned in South Korea in 2019, and Japan and China in 2020.

AT&S (Austria);  TTM Technologies (US); Samsung Electro-Mechanics (South Korea); Korea Circuit (South Korea); Kinsus Interconnect Technology (Taiwan); Zhen Ding Technology (Taiwan); Unimicron (Taiwan); Compeq (Taiwan); Ibiden (Japan); Daeduck Electronics (South Korea); ISU Petasys (South Korea); Tripod Technology Corporation (Taiwan); LG Innotek (South Korea) are major players in the substrate-like PCB market.

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Pet Wearable Market is expected to grow worth $1,718 million by 2024

 

According to the new market 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.

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

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

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

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

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

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

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

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

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Digital Textile Printing Market is expected to be 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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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.

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).

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District Heating Market is expected to grow $203.0 billion by 2023

 

According to the new market research report "District Heating Market by Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products), Plant Type (Boiler Plant, CHP), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023", The district heating market is expected to grow from USD 170.7 billion in 2018 to USD 203.0 billion by 2023, at a compound annual growth rate (CAGR) of 3.5% during the forecast period. The major factors driving the district heating market include increasing demand for energy-efficient and cost-effective heating systems and growing urbanization and industrialization.

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Renewable heat source to grow at highest CAGR in global district heating market during forecast period

Renewable heat sources help in meeting the rising energy needs, improving efficiency, reducing greenhouse gas emission, and improving climate conditions. Geothermal heat source uses one or more production fields as heat sources to supply district heating to residential and commercial buildings. Solar heating converts energy from the sun into heat; it uses solar panels that are often arranged on a building or concentrated in solar farms to facilitate a clean heat source. As a CO2-free power source, the environmental impact of the solar heat source is significantly smaller than other power generation methods.

CHP plant type to hold major share of global district heating market during forecast period

CHP helps reduce the capital investment, provides economies of scale, reduces heat losses to the environment, and substitutes the use of fossil fuels for district heating, which, in turn, lead to the reduction of greenhouse gas emissions. Moreover, CHP makes a district heating system an efficient energy solution for residential and commercial entities that show significant demand for district heating.

Residential application to dominate global district heating market during forecast period

Favorable government incentives such as more focus on energy-efficient products have led to the increased adoption of district heating in residential application. Moreover, continuous urban development is boosting the demand for district heating. Growing urbanization leads to organized infrastructure developments suitable for district heating solution. Growing urban cities create a demand for sustainable, efficient, and reliable utility services including district heating and electricity production.

Europe to hold major share of district heating market from 2018 to 2023

Europe is the largest market for district heating as a large number of leading players are based in this region. Increasing technological advancements, in terms of connectivity, digitalization, and IoT integration; rising demand for energy-efficient solution; and growing initiatives to reduce greenhouse gas emissions are the crucial factors driving the growth of this market in Europe. Due to the legislative framework of the European countries including Germany, the UK, and France, the penetration of district heating in new buildings is expected to increase in the upcoming years, especially gated societies. As a result, the market for district heating is expected to hold a major share in this region.

Fortum (Finland), Vattenfall (Sweden), Engie (France), Danfoss (Denmark), NRG Energy (US), Statkraft (Norway), Shinryo Corporation (Japan), LOGSTOR (Denmark), Vital Energi (UK), Kelag (Austria), Goteborg Energi (Sweden), FVB Energy (Canada), Alfa Level (Sweden), Ramboll (Denmark), Savon Voima (Finland), Enwave Energy (Canada), Orsted (Denmark), Helen (Finland), Keppel DHCS (Singapore), and STEAG New Energies (Germany) are among the major players in the district heating market.

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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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. 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.

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