Friday 22 July 2022
Digital Signage Market Impact Analysis worth $27.8 Billion by 2026
#1 Sharp launched the new massive 8K Ultra-HD professional LCD. The new display packs in 33 million pixels and employs a wide color gamut color filter and optimized LED backlight phosphors. This helps the display to deliver brilliant clarity and reproduce improved gradations of red, blue, and green in the pixels. These benefits make the LCD suitable for use in corporate lobbies, museums, showrooms, and video production.
#2 Panasonic commercially launched its new transparent OLED display module, which boasts of high image visibility. The 55-inch display module uses a self-illuminating transparent OLED display panel that does not require a backlight. The new product is suitable for use in commercial complexes, transit advertisements, retail stores, and public facilities such as lounge, museum, etc.
Projected Surge in Revenue Generation
The global digital signage market will grow to USD 27.8 billion by 2026 (forecast year) from USD 16.3 billion in 2021 (estimated year), at a CAGR of 11.2% between 2021 and 2026. The key drivers fueling the growth of this market include the growing adoption of digital signage in commercial applications, increasing infrastructure developments in emerging countries, surging demand for 4K & 8K resolution displays, and ongoing technological advancements in displays.
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=513
Browse 154 market data Tables and 62 Figures spread through 265 Pages and in-depth TOC on "Digital Signage Market with COVID-19 Impact Analysis and Geography - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/digital-signage-market-513.html
The software segment to register higher CAGR during the forecast period
Technological advancements, rising need for real-time content delivery, and increasing applications of smart signage have led to the growth of the software segment of the digital signage market. The higher frequency of purchases and subscriptions associated with digital signage software due to various useful benefits offered by it complemented with the low purchasing frequency of hardware devices due to their long operational life is another major factor contributing to the growth of the software segment. Software licenses need to be purchased and upgraded at regular intervals, which is further expected to accelerate the market growth of software in coming years.
Market Segmentation:
- Commercial
- Institutional
- Infrastructure
- Industrial
The indoor installation segment to hold the largest market share in 2026
Indoor signage has witnessed significant demand in healthcare, education, corporate and broadcast, and retail applications. The demand for indoor signage in these applications mainly stems from the ongoing adoption of immersive and highly interactive display technologies. Additionally, the rapid adoption of self-service kiosks, which allow customers in retail applications to browse digital products and make purchases, is further driving the growth of the market for indoor digital signage. Indoor digital signage products, such as interactive digital screens, influence customers’ purchase decisions. Meanwhile, the usage of indoor digital menu boards helps improve operational efficiency and customer experience. Samsung, NEC, and LG are among the major players focusing on a wide range of indoor digital signage applications.
Major Growth Boosting Factors : APAC to register higher CAGR during the forecast period
APAC is projected to lead the digital signage market from 2021 to 2026. Increasing adoption of the Internet of Things (IoT) and technologies that enable digital transformation across various sectors such as commercial, institutional, infrastructure, and industrial has fueled the demand for digital signage in APAC. The rise of online advertising and issues related to the adoption of digital signage in various applications are expected to restrict the growth of the digital signage market in APAC.
Major players in the digital signage market are Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan), Leyard Optoelectronic (US), Sony Corporation (Japan), Barco (Belgium), Panasonic Corporation (Japan), Shanghai Goodview Electronics (China), AU Optronics (Taiwan), and BrightSign (US). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming 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.
Contact:
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Monday 18 July 2022
Artificial Intelligence in Manufacturing Market Growth worth $16.3 Billion Impact Analysis by 2027
Recent Developments in the Global Artificial Intelligence in Manufacturing Market
1. January #2022 : NVIDIA
launched GeForce RTX 3050, a product that brings next-generation
graphics and AI to games. The RTX line-up uses ray tracing technology
for real-time, cinematic quality rendering. The product also features
deep learning super sampling and boosts frame rate.
2. December #2021
: IBM launched IBM Z and Cloud Modernization Center a digital platform
with a wide range of tools and resources, as well as ecosystem partners,
which will help users accelerate the modernization of data, processes,
and applications in an open hybrid cloud architecture.
[270 Pages Report]
Artificial intelligence in manufacturing market size is valued at USD
2.3 billion in 2022 and is anticipated to USD 16.3 billion by 2027;
growing at a CAGR of 47.9% from 2022 to 2027. Factors such increasing
awareness about passenger and vehicle safety are driving the growth of
the market during the forecast period.
Semiconductor & Electronics Industry to register highest CAGR during forecast period
In the semiconductor & electronics industry, AI is used for production planning, quality control, and material movement. Implementing AI-based solutions is expected to benefit manufacturers in optimizing the production cost, technology implementation, and integration of components. This data helps in planning and maintaining the production process efficiently. Thus, AI solutions help the companies operating in the semiconductor & electronics equipment industry to analyze the data collected at all points to aid improved decision-making for the manufacturing process and register the highest growth potential.
Software segment to hold largest share of AI in manufacturing market during the forecast period
Software itself can run specific applications without using any additional hardware. The AI-related additional hardware is needed in the case of faster calculations in manufacturing, e.g., in predictive analysis and machine inspection, quality control, and fieldwork. Rising demand for software, especially in predictive maintenance and quality control applications, and widening application scope of AI in the manufacturing sector are the prime factors fueling the growth of the market for AI platforms.
Rising adoption of AI-based quality control systems to drive market growth
AI-based
quality control applications enable plant operators to quickly detect
property variations during the production time. These AI-based
applications of quality control rely on 3- and 2-dimensional data, which
is collected by a laser-based aggregate scanning system that converts
data into digital images. These wavelet-based features are used as
inputs to an artificial neural network, which is used to assign a
predefined class to the sample. This quality control helps a plant
operator to verify the quality of products.
Presence of world-leading manufacturing companies boosts AI in manufacturing market growth in Japan
Japan
has launched an initiative—Industrial Value Chain Initiative—to explore
advanced technologies. Mitsubishi Electric, Fujitsu, Nissan Motor, and
Panasonic are among the top companies that cater to major businesses in
the electric, IT, machinery, and automobile fields. Connected machines
and transport robots are being used on the shop floor of companies such
as Toyota for a long time. Moreover, the ministries have been promoting
IT projects in the country. Japan is strong in information and
communication technology, manufacturing processes, automotive and
machinery industries, automatization and robot technologies and
electronic parts.
Major Growth Boosting Factors:
Japan-based companies Fujitsu (Japan) and Hitachi (Japan) are renowned providers of big data and cybersecurity solutions to diverse sectors, ranging from agriculture to manufacturing and services. This has resulted in the adoption of AI in manufacturing industries in Japan. Japan established a phased development plan for AI to develop and apply data-powered AI in various fields; to build an AI ecosystem by connecting different fields.
Related Article : https://yourstory.com/mystory/future-artificial-intelligence-manufacturing-industries/amp
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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
Underfloor Heating Market share worth $7.0 Billion Impact Analysis by 2027
The report "Underfloor Heating Market with COVID-19 Impact Analysis by offering (Hardware, services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region - Global Forecast to 2027", is projected to grow from USD 4.8 billion in 2022 to USD 7.0 billion by 2027; it is expected to grow at a CAGR of 7.6% from 2022 to 2027. Strong government support and incentives for the development and adoption of energy-efficient heating solutions is one of the major factors fueling the growth of this market.
• Informational PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167464533
Browse 182 market data Tables and 57 Figures spread through 214 Pages and in-depth TOC on "Underfloor Heating Market by Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/underfloor-heating-market-167464533.html
“Hardware offerings accounted for a larger share of the underfloor heating market in 2021.”
Hardware offerings accounted for a larger share of the underfloor heating market in 2021. The growth of the market is attributed to the increasing demand for hardware such as heating pipes and cables, distribution units, and manifolds for use in hydronic and electric underfloor heating systems.
“Market for electric underfloor heating expected to grow at higher CAGR during forecast period”
The market for electric underfloor heating systems is expected to grow at a higher CAGR during the forecast period. Electric underfloor heating systems are less costly and are easier to retrofit because these systems comprise several subsystems that do not require an insulating screed. Electric systems can also easily be fitted into a single room, particularly where wireless controllers are used to avoid digging walls. Furthermore, electric underfloor heating systems exert less load on floors; therefore, they can be easily fitted in rooms and flats on a higher level.
“Market for new installations of underfloor heating systems expected to grow at highest CAGR during forecast period”
New installations would dominate the underfloor heating market during the forecast period, mainly because of favorable government regulations and tax credit facilities on the installation of energy-efficient systems and a high focus on energy saving and minimizing energy bills. Underfloor heating systems also reduce installation cost in new builds, where developers use on-site laborers to install basic systems and use specialist contractors to commission and connect electric systems and boilers.
“Residential application accounted for largest share of underfloor heating market in 2021”
The residential application held the largest share of the underfloor heating market in 2021 due to the increasing awareness about the benefits of underfloor heating systems in residential properties. The high growth rate of the underfloor heating market for the residential application is mainly due to the growing refurbishment activities in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area.
“Europe is expected to dominate underfloor heating market during forecast period”
The European market is expected to grow at the highest CAGR during the forecast period due to the growing trends of zero-carbon emissions and tax-credit benefits policies adopted by various governments in European countries. Also, many players are offering portable electric underfloor heating systems in Europe, which would further increase the adoption of underfloor heating systems.
A few of the key players in the underfloor heating market are Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany).
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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Tuesday 12 July 2022
Light Control Switches Market worth $10.1 billion by 2025, at CAGR of 8.9%
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.
• Informational PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221529576
Browse 105 market data Tables and 55 Figures spread through 162 Pages and in-depth TOC on "Light Control Switches Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/light-control-switches-market-221529576.html
“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.
Major players in the light control switches market are
- Signify (Philips Lighting) (Netherlands),
- Legrand S.A. (France),
- Eaton Corporation (Ireland),
- General Electric Company (US),
- OSRAM Licht (Germany), and so on..
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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
Monday 11 July 2022
Optoelectronic Components Market Key Revenue Pocked - worth US$52.7 billion by 2025
The global optoelectronic components market size is projected to grow from USD 41.4 billion in 2020 to USD 52.7 billion by 2025, recording a CAGR of 5.0%. Emerging opportunities for optoelectronic components and R&D could lead to innovation in the optoelectronic components industry. Promising industrial IoT applications provide major growth opportunities to market players. This report covers optoelectronic components such as LEDs, optocouplers, sensors, infrared components, ultraviolet components, and laser diodes. These components find application in verticals such as automotive, consumer electronics, telecommunication, military & aerospace, industrial, medical, and residential & commercial.
• Informational PDF Brochure :-
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Emerging opportunities for optoelectronic components and R&D could lead to innovation. Promising industrial IoT applications provide major growth opportunities to market players. The optoelectronic components industry growth is mainly driven by the increased use of infrared components in consumer electronics and automobiles, their long life and low power consumption, the demand for improved imaging and optical sensing solutions in healthcare vertical, and the suitable physical properties of optoelectronic sensors to operate in harsh environments.
The optoelectronic components market in North America is projected to grow at the highest CAGR during the forecast period. The US, Canada, and Mexico are the major contributors to the growth of the market in North America.
North America is one of the most technologically advanced markets for optoelectronic components owing to the presence of prominent system suppliers, large semiconductor companies, LED, laser, and sensor manufacturers in the region.
Key players operating in the optoelectronic components market include:
- Hamamatsu (Japan),
- Osram (Germany),
- TT Electronics (UK),
- Vishay (US),
- ON Semiconductor (US),
- Cree (US), and so on..
Other major companies focus on organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, agreements, contracts, partnerships, collaborations, and expansions to increase their revenue.
Related Reports:
Optoelectronic Components Market by Component (Sensor, LED, Laser Diode, and Infrared Components), Application (Measurement, Lighting, Communications, and Security & Surveillance), Material, Vertical, and Region - Global Forecast to 2025
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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
Thursday 7 July 2022
Next-Generation Data Storage Market expected to grow $81.0 Billion by 2025
The report "Next-Generation Data Storage Market
by Storage System (Direct-Attached, Network-Attached, Storage Area
Network), Storage Architecture (File- & Object-Based, Block),
Storage Medium (SSD, HDD, Tape), & End User - Global Forecast to
2025", is estimated to grow from USD 53.9 billion by 2020 to USD 81.0 billion by 2025 at a CAGR of 8.5%.
The significant drivers for this market remember the monstrous
development for computerized information volume; multiplied utilization
of cell phones, workstations, and tablets; development of IoT market;
and expanding infiltration of top of the line distributed computing.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12592401
Browse 179 market data Tables and 66 Figures spread through 221 Pages and in-depth TOC on "Next-Generation Data Storage Market & End User - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/next-generation-data-storage-market-12592401.html
Storage area network to hold largest share of next-generation data storage market during forecast period
Capacity region network is supposed to hold the biggest portion of the cutting edge information capacity market during 2020-2025. As a rising number of organizations have begun using cloud-based administrations to store their information with the utilization of virtual servers, organizations mean to extend their capacity limits past existing infrastructural abilities. SAN innovation is generally utilized by cloud innovation makers because of its capacity to associate enormous quantities of servers to capacity gadgets.
Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture
Record and item based capacity (FOBS) is supposed to hold the biggest portion of the cutting edge information capacity market during 2020-2025. Quickly developing information age by enormous undertakings is prompting an expanded requirement for FOBS to deal with those immense volumes of information. These colossal volumes of organized and unstructured information, including photographs, recordings, sound documents, and different media, are producing significant market open doors for document and item based capacity market players.
North America to hold largest size of next-generation data storage market during forecast period due to rapid technological advancements in the region
North America is supposed to represent the biggest portion of the market by 2020. The rising volume of unstructured information across different ventures and quick mechanical progressions have prompted an expanded interest for the safe, solid, and cost-proficient capacity framework in North America. The area, being the early adopter of cutting edge information capacity advancements, catches the biggest portion of the cutting edge information capacity market.
By Storage System
- Direct Attached Storage (DAS)
- Network Attached Storage (NAS)
- Storage Area Network (SAN)
By End User
- Enterprise
- Government
- Cloud Service Providers
- Telecom
The companies profiled in this report are
- Hewlett Packard Enterprise Company (US),
- Dell Inc. (US),
- NetApp, Inc. (US),
- International Business Machines Corporation (US),
- Toshiba Corporation (Japan) and many more.
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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
Discover top 5 revenue growth opportunities in Compound Semiconductor
The study involved four major activities in estimating the current size of the global compound semiconductor market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178858112
Secondary Research
The secondary sources referred to for this research study include semiconductor industry organizations such as the Semiconductor Industry Association (SIA), Global Semiconductor Alliance (GSA), and corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the compound semiconductor market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-and supply-side players across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (Middle East & Africa and South America). Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.
Samsung’s expertise in semiconductor manufacturing and IT serves as the quintessential foundation for the continued innovation and delivery of state-of-the-art LED devices. Samsung LEDs own various patent rights, involving EPI, chip, packaging, phosphor, modules, and drivers for crucial LED technological areas. Samsung LEDs endeavor to take the leading role in both LED applications and components with a smart, innovative approach to lighting. It is expected that the company would continue to invest in technological development and designing of LEDs. The company has a stronghold in the overall consumer electronics market in applications such as TVs, mobile phones, and others, which is expected to boost the overall LED business of the company. It is one of the leading consumer electronics companies. It has a worldwide presence with more than 217 plants in China, Korea, Japan, and Southeast Asia. It had a strong partnership network with 2,500 (Tier 1) suppliers as of December 2019. Samsung focuses on product launches to expand its presence in the market. For instance, in March 2020, the company introduced the first “human-centric” LED packages, collectively known as LM302N. The LM302N family helps human bodies adjust melatonin levels indoors, making people feel more energetic or relaxed, depending on their daily life patterns. Also, in April 2019, the company enhanced its mid-power LED package – the LM301H – for horticulture applications, such as greenhouse and vertical farming. At 3.10 micromoles per joule (ìmol/J), the newly introduced LM301H now features the highest photon efficacy.
APAC likely to emerge as the largest compound semiconductor market
APAC is estimated to be the largest market for compound semiconductors during the forecast period. The rapid market penetration of GaN and SiC in power devices, where GaN and SiC devices are increasingly replacing silicon counterparts, is predominant across several application segments in APAC. For power devices, the growing number of GaN and SiC power applications creates huge revenue potential in this region. This attracts several industry players to mass-commercialize GaN and SiC power devices for several power applications, which, in turn, are increasing the revenue potential of the compound semiconductor market in this region.
Major players in the compound semiconductor market include Nichia (Japan), Samsung Electronics (South Korea), ams (Austria), Qorvo (US), Skyworks (US), Cree (US), GaN Systems (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP (Netherlands), and ON Semiconductor (US).
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