Hermetic Packaging Market worth $4.3 billion by 2025, at a CAGR of 4.3%

 

According to the new market research report "Hermetic Packaging Market with COVID-19 impact by Configuration (Multilayer Ceramic Packages, Metal Can Packages, Pressed Ceramic Packages), Type (Ceramic-Metal Sealing, Glass-Metal Sealing), Application, Industry, and Region - Global Forecast to 2025", the global hermetic packaging market size is projected to reach USD 4.3 billion by 2025 from USD 3.5 billion in 2020 at a CAGR of 4.3%. Major requirements of safety and absolute reliability in industries, such as electronics, automobile, and aeronautics and space, are contributing to the rising demand for hermetic packaging, and have been propelling the growth of the hermetic packaging market.

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Multilayer ceramic packages to hold the largest size of hermetic packaging market from 2020 to 2025

Multilayer ceramic packages are most suitable for packaging complex electronic circuits, such as microelectromechanical systems (MEMS). They are widely adopted for high-frequency applications such as data communication, wireless communication, and optical communication because they offer better hermeticity than other configurations, and also enable a large number of electrical feedthroughs within very small spaces. Thus, multilayer ceramic packages account for the largest share of the hermetic packaging market.

The market for Ceramic-Metal Sealing (CERTM) is projected to grow at highest CAGR during the forecast period

A ceramic–metal seal is a joined or bonded assembly of ceramic on one side and a metal on the other. Ceramic–metal seals are used in industries that entail high operating temperature, high voltage withstanding, biocompatibility, or special chemical resistance. The aeronautics & space industry has largely adopted CERTM hermetically sealed transistors, as they are thermal shock resistant. This has been a key factor driving the CERTM sealing market.

Hermetic packaging market for military & defense industry to grow at highest CAGR from 2020 to 2025

The hermetic packaging technology is highly trusted and dependable for users in the military & defense industry. This is because the hermetic packaging technology helps in addressing distinctive challenges related to safety and absolute reliability that are inherent in applications such as air surveillance and underwater surveillance. However, the recent outbreak of the COVID-19 pandemic has negatively affected the military defense sector globally. It is expected that countries around the world, especially those that have really poor or inadequate healthcare infrastructure and penetration, are expected to have to spend significantly on social security to cope with the pandemic. If governments of such countries are in questionable financial shape, with limited reserves, inadequate avenues for borrowing, and low liquidity, spending is expected to be met by channeling funds from other high-value budget segments, which include defense budgets. This, in turn, is expected to challenge the growth of the hermetic packaging market in the military & defense industry.

APAC to be the fastest-growing market for hermetic packaging during the forecast period

The hermetic packaging market in APAC is expected to grow at the highest CAGR from 2020 to 2025. Increasing energy needs, emerging economies, and increasing defense spending are some of the factors driving the growth of this market in the region. The rising military capabilities of emerging countries such as China, India, and South Korea are boosting the demand for hermetic packaging for sensitive electronic components. Due to the COVID-19 pandemic, the Asia Pacific region has been significantly affected. The pandemic has led to a significant slowdown in the manufacturing industry. The implementation of lockdowns in several countries has negatively affected the operations of end-use industries such as automotive, military & defense, aeronautics & space, due to which the market for hermetically packaged products is expected slowdown in 2020 in the Asia Pacific.

The key players operating in the hermetic packaging market include SCHOTT (Germany), AMETEK, Inc. (US), Amkor Technology, Inc. (US), Texas Instruments Incorporated (US), Teledyne Technologies (US), Kyocera Corporation (Japan), Materion Corporation (US), Egide (France), Micross Components Inc. (US), and Legacy Technologies Inc. (US).

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Next-Generation Data Storage Market, worth $81.0 Billion USD by 2025 at a CAGR of 8.5%

 

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 major drivers for this market include the massive growth in digital data volume; proliferated use of smartphones, laptops, and tablets; growth of IoT market; and increasing penetration of high-end cloud computing.

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Storage area network to hold the largest share of next-generation data storage market during forecast period

Storage area network is expected to hold the largest share of the next-generation data storage market during 2020–2025. As an increasing number of companies have started utilizing cloud-based services to store their data with the use of virtual servers, companies aim to expand their storage capacities beyond existing infrastructural capabilities. SAN technology is widely used by cloud technology creators due to its ability to connect large numbers of servers to storage devices.

Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture

File- and object-based storage (FOBS) is expected to hold the largest share of the next-generation data storage market during 2020–2025. Rapidly growing data generation by large enterprises is leading to an increased need for FOBS to manage those huge volumes of data. These huge volumes of structured and unstructured data, including photos, videos, audio files, and other media, are generating considerable market opportunities for file-and object-based storage market players.

North America to hold the largest size of next-generation data storage market during forecast period due to rapid technological advancements in the region

North America is expected to account for the largest share of the market by 2020. The increasing volume of unstructured data across various industries and rapid technological advancements have led to an increased demand for the secure, reliable, and cost-efficient storage infrastructure in North America. The region, being the early adopter of advanced data storage technologies, captures the largest share of the next-generation data storage market.

The companies profiled in this report are Hewlett Packard Enterprise Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan), and International Business Machines Corporation (US), Toshiba Corporation (Japan), Pure Storage, Inc. (US), Nutanix, Inc. (US), Scality  (US), Micron Technology, Inc. (US), Tintri, Inc. (US), Cloudian, Inc. (US), Drobo, Inc. (US), Quantum Corporation (US), Western Digital Corporation (US), Samsung Electronics (South Korea), Fujitsu Ltd. (Japan), VMware, Inc. (US), Nexenta Systems, Inc. (US), and Netgear Inc. (US), and Inspur (China).

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Supercapacitor Market worth $912 Million USD at a CAGR of 14.1% by 2022 - 2027

 

According to the new market research report "Supercapacitor Market by Type (Double Layer Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material (Carbon, Metal Oxide, Conducting Polymers, Composites), Application (Automotive, Energy, Consumer Electronics) - Global Forecast to 2027" The global supercapacitor market size is expected to grow from USD 472 million in 2022 to USD 912 million by 2027, at a CAGR of 14.1%. The use of technology-integrated supercapacitor solutions and the inclination of manufacturing companies toward predictive maintenance techniques are the key factors boosting the growth of the market.

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Hybrid capacitor segment to grow at the fastest CAGR during the forecast period.

Hybrid capacitor of the supercapacitor market is expected to grow at the highest CAGR from 2022 to 2027. Hybrid capacitors use one electrode and one electrochemical cell. They have a higher energy density than double-layered capacitors. These capacitors are free from self-discharge and have greater durability than lithium-ion batteries. Hence, these capacitors are used on a large scale in off-grid lighting applications, powering LED devices, automotive applications and so on.

Carbon is projected to hold the largest share of the supercapacitor market for electrode material in 2022.

Carbon is expected to capture the largest market share in 2022. Carbon is one of the most abundant materials present in nature. Hence, it is economical to use carbon in energy storage and conversion processes. Carbon materials are ideal for supercapacitors owing to their excellent mechanical strength, good electrical conductivity, high electron mobility, high chemical stability, large surface area, and highly tunable properties.

China to account for a significant market share of Asia Pacific from 2022 to 2027

China is projected to account for the major share of the supercapacitor market in Asia Pacific from 2022 to 2027. The country is a key manufacturer of electronic devices. The country is also known for low cost automotive product manufacturing. It is the most significant economy in the region. Factors such as ongoing industrialization, the rising requirement for replacing aging renewable plants and energy sources, and increasing adoption of preventive maintenance activities by manufacturing firms in automotive, electronics, industrial and other applications is pushing the growth of the supercapacitor market in China.

Panasonic Industry(Japan), Eaton(Ireland), Nippon Chemi-Con (Japan), Maxwell Technologies (South Korea), and Cap-XX (Australia)are the top five players in the supercapacitor market are some of the key players operating in supercapacitor market globally.

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Speech and Voice Recognition Market worth $28.1 Billion USD at CAGR of 24.4% from 2022 to 2027

According to a research report "Speech and Voice Recognition Market by Deployment Mode (On-Cloud, On-Premises/Embedded), Technology (Speech Recognition, Voice Recognition), Vertical and Geography (Americas, Europe, APAC, Rest of the World) - Global Forecast to 2027" published by MarketsandMarkets, the global speech and voice recognition market size is projected to grow from USD 9.4 billion in 2022 to USD 28.1 billion by 2027; it is expected to grow at a CAGR of 24.4% from 2022 to 2027.

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The key factors contributing to the growth of the speech and voice recognition market include increasing demand in healthcare for improving efficiency and the growing use of smart appliances are among the factors driving the growth of the speech and voice recognition market.

Consumers are likely to register high CAGR

In 2021, the consumer segment the largest share of the speech and voice recognition market. The growing requirement for mobile device and application authentication and the increasing use of voice-controlled wearable devices are expected to drive the speech and voice recognition market growth. Apac region is expected to achieve the highest CAGR during the forecast period owing to the high demand of mobile and wearables devices in the region.

The consumer sector is expected to register the highest CAGR during the forecast period. The demand for speech and voice recognition solutions in this sector is primarily attributed to the growing use of speech recognition technology in consumer products such as smartphones, laptops, tablets, and smart home devices. This factor is likely to drive the growth of the market during the forecast period as well.

APAC exhibit the highest CAGR during the forecast period

The market in the APAC is expected to grow at the highest CAGR from 2022 to 2027. The growing focus on integrating artificial intelligence (AI) into industrial devices is expected to contribute to the growth of the voice recognition market for enterprise applications in the Asia Pacific during the forecast period. Additionally, the governments focus on bringing digitalization and technological innovations in industries is also expected to propel the growth of the market in the Asia Pacific.

Voice recognition to hold the higher CAGR during the forecast period.

Voice recognition is projected to grow at the highest CAGR during the forecast period Data security concerns due to cyberattacks, data breaches by intruders and issues related to illegal migrants are some of the major factors contributing to the higher growth rate of the market for voice recognition technology.

On-cloud segment is projected to dominate the speech and voice recognition market

The on-cloud segment is expected to account for a larger market share due to the ability of the cloud infrastructure to provide self-service applications at a minimal cost. The cloud-hosted deployment mode offers easy accessibility to data from anywhere at any time. Cloud-hosted speech and voice recognition solutions can also be easily integrated with the existing server, which operates on its physical hardware in minimal time.

The key players in this market are Apple (US), Microsoft (US), IBM (US), Alphabet (US), Amazon (US), Baidu (China), iFlytek (China) and SESTEK (Turkey), speak2web (US), and Verint (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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Routing Market worth $22.9 Billion USD at CAGR of 8.6% from 2022 to 2027

 

According to a research report "Routing Market with COVID-19 Impact, by Type (Wired, Wireless), Placement (Edge, Core, Virtual), Application (Datacenter, Enterprise), Vertical (BFSI, Healthcare, Education, Residential, Media & Entertainment) and Region - Global Forecast to 2027" published by MarketsandMarkets, the routing market size is estimated to be valued at USD 15.1 billion in 2022 and reach USD 22.9 billion by 2027, at a CAGR of 8.6% from 2022 to 2027.

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The growing requirement for bandwidth in data centers and rising adoption of connected devices in the healthcare and education sectors are projected to create lucrative opportunities for the market players during the review period.

The routing market includes major Tier I and II players like Cisco (US), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), and others. These players have a strong market presence for Routing across various countries in North America, Europe, APAC, and RoW.

High demand for cloud services

The growth of the routing market is exclusively driven by cloud services and cloud-based infrastructure with the increasing number of cloud service providers. Cloud is also driving the adoption of SDN, ensuring scalable, flexible, and differentiated network governed and achieved by SDN. This is further fueling the adoption of data center switches. SDN works on 3 different layers: application, control, and infrastructure; switches play an important role in handling the data traffic and supporting SDN controllers in all three layers. Technological advancements in routing are leading to rapid adoption of routers for cloud-based services. Improved features, such as high bandwidth of 25 Gbps to 100 Gbps, high scalability, and high performance allow quick data access, encouraging the adoption of these routers for cloud computing.

Wireless routers is expected to hold the highest market share during the forecast period

Wireless router is expected to be the leading segment, by type, in the routing market during the forecast period. The growing need for high-speed internet connectivity and the rising adoption of smart devices such as smartphones, tablets, and smart TVs are driving the demand for wireless routers with effective connectivity. The increasing demand for internet-based devices and expansion of cloud networking, coupled with the rising adoption of virtualized technologies, are expected to propel the growth of the global wireless router market during the forecast period.

BFSI vertical to hold the largest market size of routing market during the forecast period

The increasing implementation of IoT in this vertical is fueling the growth of the connected devices market and consequently the growth of the routing market. IoT enables financial institutions to track customers’ activities, events, and needs with the help of the data generated by sensors. With IoT devices, banks can provide holistic and connected banking solutions for customer finances in real-time. IoT-enabled connected banking solutions help banks fulfill customers’ needs and facilitate financial decisions through the data collected from various smart devices. The data also enables banks to provide value-added services, financial assistance, and customized products to individual customers.

Routing market in APAC to hold the highest market share during the forecast period

APAC is also witnessing an increase in the adoption of technologies such as cloud, IoT, connected devices, SDN, and NFV. The growing adoption of these technologies, along with the next-generation communication requirements, can create challenges for the existing networks. APAC has the largest mobile subscribers across the world, and the number is expected to increase in the coming years. Moreover, with a rise in the number of digitalization initiatives, countries in APAC are moving toward digital transformation. Most countries in the APAC region, such as Singapore and India, are experiencing high economic growth, fueled by the rapid expansion of domestic enterprises. Also, companies such as AWS, Microsoft, Google, and IBM are the leading cloud service providers in the region that are fueling the growth of the data center applications for the routing market. Both Amazon and Microsoft sell their cloud services through their data centers in China. Google is also planning to open its first data center in China by 2023.

Key players operating in the routing market are Cisco (US), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), ASUSTeK Computer Inc. (Taiwan), New H3C Technologies Co., Ltd. (Taiwan), NETGEAR (US), Nokia (Finland), Xiaomi (China), Acelink Technology Co., Ltd. (Taiwan), ADTRAN (US), Allied Telesis, Inc. (Japan), Belkin International, Inc. (US), D-Link Corporation (Taiwan), EERO LLC (US), EKINOPS S.A. (France), Extreme Networks (US), Linksys USA, Inc. (US), MikroTik (Latvia), Peplink (US), Raymar Information Technology, Inc. (US), Sierra Wireless (Canada), Synology Inc. (Taiwan), and TP-Link Corporation Limited (China).

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UV Disinfection Equipment Market Impact Analysis worth $9.1 Billion by 2027

 

According to a research report "UV Disinfection Equipment Market by Component (UV Lamps, Reactor Chambers, Quartz Sleeves, Controller Units), Power Rating (High, Medium, Low), Application, End-user (Municipal, Residential, Industrial, Commercial) and Region - Global Forecast to 2027" published by MarketsandMarkets, the UV disinfection equipment market is projected to grow from USD 5.0 billion in 2022 to USD 9.1 billion by 2027; it is expected to grow at a CAGR of 12.5% from 2022 to 2027. The key factors fueling the growth of this market include extensive use of UV disinfection equipment in healthcare facilities for disinfecting hospital environment, increasing demand for UV disinfection equipment to combat COVID-19 pandemic, intensifying concerns regarding safe drinking water in emerging countries, and long life and low power consumption of UVC LED-based UV disinfection equipment.

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UV lamps are projected to grow at the fastest rate for UV disinfection equipment market during the forecast period

The market for UV lamps is projected to grow at the highest CAGR during the forecast period. UV lamps are core components of UV disinfection equipment. The major factor contributing to the growth of this segment is the high adoption of UV LEDs in UV disinfection equipment. UV LEDs offer the advantages of longer life expectancy and lower power consumption, which has favored their adoption on a large scale. UV lamps have a lifetime of 8,000 to 10,000 hours or 1 year, whereas UV LEDs can achieve 25,000, 40,000, or even 100,000 hours. Most of the UV disinfection systems in the market come with annual lamp replacement to ensure reliable disinfection performance. UV disinfection equipment used in industrial and municipal applications employ multiple UV lamps in a single system, which is expected to drive the market for UV lamps in the near future.

Water and wastewater disinfection application for UV disinfection equipment market is expected to hold major share during the forecast period.

The water and wastewater disinfection segment is expected to lead the market during the forecast period. This leading position is attributed to the rising concern regarding water and wastewater treatment among governments across the world. The water and wastewater treated by UV disinfection equipment do not contain any harmful chemicals and are environmentally friendly. This has contributed significantly to the growth of the market. The highest market share of the UV disinfection equipment market for water & wastewater application across the world is attributed to the increasing implementation of stringent government regulations pertaining to safe and environmentally friendly treatment of water and wastewater.

Municipal end user is projected to grow at the fastest rate for UV disinfection equipment market during the forecast period

In municipal facilities, UV-based disinfection systems are used as a final stage in the drinking water treatment to disinfect the water by inactivating and eliminating microorganisms such as bacteria, viruses, and pathogens. UV-based disinfection systems are comparatively more efficient than chlorine as they eliminate chlorine-resistant microorganisms too, even with a low dose. The increasing concern toward preserving natural resources by using an environmentally friendly disinfection solution for the treatment of water and wastewater in rivers and natural springs is among the main reasons driving the growth of the UV disinfection equipment market in the municipal segment. Moreover, UV disinfection equipment offer flexibility and lower operational cost, which makes them suitable for municipal water and wastewater treatment. Municipal corporations across the world are adopting UV disinfection equipment for water and wastewater treatment.

Asia Pacific is projected to grow at the fastest rate for UV disinfection equipment market during the forecast period

The UV disinfection equipment market in Asia pacific region is expected to grow at the highest CAGR during the forecast period. This growth is attributed to factors such as government bodies in this region are working extensively to treat water and wastewater to reduce the issue of less availability of drinking water. Many projects have been planned to install UV disinfection equipment to treat water and wastewater in the region. For instance, the Clean Ganga Project deploy UV disinfection equipment offered by Trojan Technologies. Berson UV, a Halma Group company, has supplied UV disinfection equipment to several municipal projects in Australia for the treatment of water and wastewater. The increasing focus of governments on the treatment of water and wastewater is expected to drive the growth of the UV disinfection equipment market in Asia Pacific. Moreover, the high adoption rate of UV technology in countries such as China, Japan, South Korea, and India, along with the increasing number of startups dealing in UV technology, drives the growth of the UV disinfection equipment market in Asia Pacific.

Xylem Inc. (US), Trojan Technologies (UK), Halma Group (UK), Kuraray Co., Ltd. (Japan), Atlantic Ultraviolet Corporation (US), Evoqua Water Technologies LLC (US), Advanced UV, Inc. (US), American Ultraviolet (US), Atlantium Technologies Ltd. (Israel), Hoenle AG (Germany), and Lumalier Corporation (US) are the key players in the UV disinfection equipment market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

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Neuromorphic Computing Market worth $550,593 thousand by Market Analysis [2021-2026]

 

According to a research report "Neuromorphic Computing Market With Covid-19 Impact by Offering, Deployment, Application (Image Recognition, Signal Recognition, Data Mining), Vertical (Aerospace, Military, & Defense, Automotive, Medical) and Geography - Global Forecast to 2026"The neuromorphic computing market is expected to be valued at USD 22,743 thousand in 2021 and is projected to reach USD 550,593 thousand by 2026; it is anticipated to grow at a CAGR of 89.1% during the forecast period.

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The major factors driving the growth of the neuromorphic computing market are need for better performing ICs, increase in demand for artificial intelligence and machine learning, and increasing number of cross-industry partnerships and collaborations. However, several factors, such as lack of knowledge about neuromorphic computing and complex algorithms increasing complexity of designing hardware of neuromorphic chips are hindering the growth of neuromorphic computing market. Moreover, matching a human’s flexibility and ability to learn from unstructured stimuli data can act as a key challenge in the market during the forecast period.  

Hardware segment is expected to hold the biggest market share during the forecast period

Hardware consist of microprocessors configured similar to brains rather than traditional chips. The chips include microcontroller units (MCUs) and field-programmable gate arrays (FPGAs). Neuromorphic chips are called so as they are modeled on biological brains, designed to process data such as images and sound, and respond to changes in data without being specifically programmed. A decent amount of computing power is required to run the software used for neuromorphic computing. Hence, companies within the market ecosystem are ramping up their hardware infrastructure to cope up with the increasing demand. Therefore, the hardware segment is expected to hold the largest share of market during the forecast period

Cloud computing segment to grow at the highest CAGR during forecast period.

Cloud computing involves decentralized applications running in data centers. It offers several advantages over edge computing. Cloud services are basically handled in a vendor-managed cloud or a collection of data centers and can be accessed from any device over the Internet. Moreover, COVID-19 pandemic has accelerated the deployment of cloud computing as people are working remotely. Hence, the cloud computing segment is expected to witness the highest growth during forecast period.

Consumer Electronics segment is expected to grow at the highest CAGR during the forecast period.

The consumer electronics vertical comprises wearable devices such as smartwatches as well as smart homes, and image and voice recognition for security systems. Smart homes have various real-time applications such as image recognition, signature recognition, and speech recognition based on stored data. To increase the speed of recognition pattern, neuromorphic chips can be deployed, as the neural network executes the command in parallel. Consumer drones and embedded systems are some other examples where the processors can replace their existing chips and deploy these neuromorphic chips instead. As there is an increasing boom for smart wearables, among youth, the market for smart wearables is also growing at a tremendous pace. Hence, consumer electronics segment is expected to grow at the highest rate during the forecast period.

North America is expected to hold the largest share of neuromorphic computing market during the forecast period.

North America is expected to hold the largest share in the neuromorphic computing market in 2021, with the US being the major contributor to the market in the region. The higher penetration of devices with unique voice and image identification capabilities in defense, wearables, IoT, and robotics technologies for interactive experience is driving the growth of the neuromorphic computing market in the region. The presence of prominent technology providers, such as IBM (US) and Intel (US), contributes to the market’s growth in this region. The growing concerns about the security of critical infrastructure and sensitive data have led to increased government spending in recent years and resulted in the adoption of neuromorphic chipsets in security applications in this region.

Key Market Players

The neuromorphic computing market was dominated by Intel Corp. (US), IBM Corporation (US), BrainChip Holdings Ltd. (US), Qualcomm (US) and HP Enterprise (US).

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