Industrial PC Market worth $6.1 Billion USD by 2026, growing at a CAGR of 5.8%

 

According to a research report "Industrial PC Market with COVID-19 Impact Analysis by Type (Panel, Rack Mount, Box, Embedded, and DIN Rail), Specification, Sales Channel (Direct, Indirect), Industry (Process, Discrete), and Region - Global Forecast to 2026" published by MarketsandMarkets, the global industrial PC market size is estimated to reach USD 6.1 billion by 2026 from USD 4.6 billion in 2021, growing at a CAGR of 5.8%. The market growth is fueled by increasing demand for industrial IoT, a steady shift towards digitalized manufacturing from traditional methods, growing awareness for resource optimization in manufacturing industries, and stringent regulatory compliances.

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“Panel IPC to hold the largest size of the industrial PC market from 2021 to 2026.”

Panel industrial PCs are the most commonly used industrial PCs in the process and discrete industries for data acquisition and process control operations. These PCs are designed to operate in rugged industrial environments to meet the requirements of visualization applications in the manufacturing industries. The distinctive features of panel industrial PCs include compact chassis, high performance, enhanced flexibility, improved safety control, and user-friendly touchscreens.

“Direct sales market for industrial PC to grow at higher CAGR during the forecast period”

The direct sales channel offers various advantages to the industrial PC manufacturers; they cater to the customization requirements of the end-user industries and eliminate resellers’ markup and the costs and risks associated with carrying large finished goods inventories. Due to these factors, the market for direct sales channels is expected to grow at the highest rate during the forecast period.

“Industrial PC market for discrete industries to grow at higher CAGR from 2021 to 2026”

The discrete industries are often characterized by the production of individual or separate units; wherein units can be produced in low volume with high complexity or high volumes with low complexity. The increasing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply chain management, and the constant pressure of reducing maintenance and operation costs in the discrete industries are expected to propel the adoption of industrial PCs in these industries in the near future. In addition, the advent of novel technologies and materials, an increasing number of market players venturing in the markets, and rising necessity of sustained plant productivity and efficiency, among others, are expected to fuel the growth of the industrial PC market for the discrete industries.

“APAC to be the fastest-growing market for industrial PCs during forecast period”

The industrial PC market in APAC is expected to grow at the highest CAGR during 2021—2026. Rapid industrialization, increasing infrastructural investments in the energy & power sector, and favorable government policies encouraging foreign players to enter the industrial PC market in APAC are expected to augment the growth of the market during the forecast period. The high-tech medical devices manufacturing companies are actively focusing on geographical expansions due to the growing demand for healthcare services, increasing concern pertaining to health, and rising investments in R&D. This is likely to fuel the growth of the industrial PC market in APAC during the forecast period.

Major players involved in the global industrial PC market include Advantech (Taiwan), Beckhoff Automation (Germany), Siemens (Germany), IEI Integration Corporation (Taiwan), Kontron S&T (Germany), Nexcom International (Taiwan), B&R Automation (Austria), Avalue Technology (Taiwan), DFI (Taiwan), and American Portwell Technology (US).

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Infrared Detector Market worth $619 Million USD by 2026, at a CAGR of 6.8%

 

According to the new market research report "Infrared detector Market with COVID-19 Impact Analysis by type (MCT, INGaas, Pyroelectric, Thermopile, microbolometer), Technology (Cooled and Uncooled ), Wavelength (NIR & SWIR, MWIR, LWIR), Application, Vertical and Geography - Global Forecast to 2026", The overall Infrared detector market is expected to grow from USD 446 million in 2021 to USD 619 million by 2026, at a CAGR of 6.8%. An infrared detector is an electronic device used to detect infrared radiation by sensing the surrounding environment. Infrared detectors can sense infrared spectrum ranging from wavelengths 0.7 ìm to 1 ìm. Various types of infrared detectors are available in the market, e.g., mercury cadmium telluride (MCT/HgCdTe), indium gallium arsenide (InGaAs), microbolometer, pyroelectric, and thermopile infrared detectors. They find applications in people & motion sensing, temperature measurement, security & surveillance, gas & fire detection, and spectroscopy & biomedical imaging in the industrial and nonindustrial verticals.

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A few key infrared detector market players are Excelitas Technologies (US), Hamamatsu Photonics (Japan), Murata Manufacturing (Japan), FLIR Systems, Inc. (US), Texas Instruments (US), Nippon Ceramic (Japan), Omron Corporation (Japan), and Lynred (France).

Pyroelectric segment to hold the largest share of the Infrared detector market, by type, in 2021

This segment is expected to hold its dominating position during the forecast period. People and motion sensing is the key application area of pyroelectric infrared detectors. Every object or substance emits some radiant energy, known as infrared radiation, which can be detected by infrared detectors. Pyroelectric infrared detectors use passive infrared (PIR) technology, which can detect the amount of infrared radiation radiated from an object/substance. These detectors can also identify the changes in the amount of radiation, which depends on the change in temperature of the object. Passive infrared detector devices do not generate or radiate any energy for detection. PIR-based motion detectors are used to sense the movement of people, animals, objects, and substances. Excelitas Technologies (US), Nippon Ceramic (Japan), and Murata Manufacturing (Japan) are some of the key manufacturers of pyroelectric infrared detectors.

The market for people and motion sensing application to grow at the highest CAGR during the forecast period

Infrared detectors are used in people and motion sensing applications for detecting the movement of an object or human beings. People and motion sensing devices are widely used in retail stores, stadiums, shopping malls, and museums for counting the number of people entering and leaving the particular space and observing their movements. Besides, these detectors are also increasingly being used in commercial and residential infrastructure for building automation and increasing safety. For instance, infrared sensors are being used in smart lighting systems for presence detection, which enables the lights to be switched on and off automatically after detecting the presence of any living being. Another example of the application of infrared detectors in buildings is their use in security systems. Security systems use infrared detectors or sensors to identify thieves and robbers. Infrared detectors are fixed on the side of windows. These detectors raise the alarm when a person is detected at the window. A pulse is transmitted by the infrared detector, which is transferred to the alarm system to raise the alert. Passive infrared sensors (PIR), also known as pyroelectric sensors, are commonly used for people and motion sensing application. Automotive is another emerging segment where infrared detectors are used for people detection.

North America to hold the largest share of Infrared detector market by 2021

The infrared detector market in North America has been further classified into the US, Canada, and Mexico. The regional market growth is dominated by major companies such as Excelitas Technologies (US), Texas Instruments (US), Honeywell International (US), and FLIR Systems (US). These companies are striving to expand their presence in emerging markets such as APAC. Prominent companies in the infrared detector market are also acquiring, collaborating, and partnering with companies from various industries such as automotive and military & defense to broaden their product portfolio and expand their presence. For instance, in October 2019, FLIR Systems (US) partnered with Veoneer (US), a tier-one automotive supplier, to provide thermal sensing technology for use in Veoneer’s self-driving cars.

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Cryocooler Market worth $3.1 Billion USD, at a CAGR of 6% during 2020-2025 period

 

The report "Cryocooler Market with COVID-19 Impact and Analysis by Type (GM, PT, JT, Stirling, Brayton), Offering (Hardware, Services), Heat Exchanger (Recuperative, Regenerative) Operating Cycle (Open, Closed loop), Application, and Geography - Global Forecast to 2025", is expected to grow to USD 3.1 billion by 2025 from an estimated USD 2.3 billion in 2020, at a CAGR of 6% during 2020-2025 period. The rising adoption of cryocoolers in semiconductor industry, superconducting magnets, and power systems, along with surging adoption of cryocoolers in MRI, NMR equipment, and proton therapy in healthcare sector are major factors driving the growth of cryoclooer market globally. The other key factors driving the growth of  the market includes the increasing demand for cryocoolers in space applications and the development of cryocoolers for microsatellite military applications.

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Regenerative heat exchanger cryocooler to hold the largest market share during forecast period

The market for regenerative heat exchangers cryocooler type is expected to account larger share during the forecast period. The major factors contributing to the growth of the market include the increasing adoption of regenerative heat exchangers in GM, PT, and Stirling cryocoolers. In addition, these cryocoolers are used in a wide range of applications in military, space, medical, energy, agriculture and biology, and other sectors, which is leading to the high consumption of these heat exchangers.

Closed-loop cycle cryocooler is expected to witness the highest growth rate during the period 2020 and 2025

The closed-loop cycle cryocoolers are expected to grow at the highest rate during the forecast period mainly due to their broader application areas, which include IR detectors/ sensors, thermal cameras, magnetic resonance imaging (MRI), surgical probes, night vision systems, superconducting devices, and commercial refrigerators. Recent technological advancements have led to the development of high-temperature infrared detectors with a cooling range between 150 and 200 K. Closed-cycle systems such as JT cryocoolers are being used in a wide range of applications in night vision systems due to the absence of mechanical parts, miniature size, and rapid cooling capacity.

Cryocooler market for military application to hold largest market share between 2020 and 2025

The military application is likely to hold the largest market size among all the applications of cryocoolers from 2020 to 2025. The major factors contributing to the growth of this market include the rising adoption of cryocoolers in cooling infrared sensors used in military applications. The cryocoolers are used to cool down the infrared sensors to ~80 Kelvin. In addition, the growing demand for night vision surveillance and missile detection from satellites over the last few years has led to the increasing use of cryocoolers. Moreover, cryocoolers are used in high-end systems and detectors such as missile warning systems, UAVs, miniature payloads, thermal weapon sights, and airborne enhanced vision systems (EVS).

Americas to hold the largest share of cryocooler market during forecast period

The Americas is expected to hold the largest share of the cryocooler market during 2020–2025. The Americas is estimated to account for the largest market share of cryocoolers from 2020 to 2025. The US and Canada are among the leading countries in the world in terms of medical research, healthcare innovation, and expenditure on healthcare imaging equipment, medical cryosurgery, and proton therapy. Cryocoolers in the Americas also finds huge applications in satellite monitoring and missile guidance in military applications.

The report profiles key players such as Sumitomo Heavy Industries (Japan), Chart Industries (US), Sunpower (US), Cryomech (US), Northrop Grumman Corporation (US), Advanced Research Systems (US), DH Industries (The Netherlands), Janis Research Company (US), RICOR – Cryogenic & Vacuum Systems (Israel), Superconductor Technologies (US), and Air Liquide (France).

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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 pain points around revenues decisions.

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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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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 pain points around revenues decisions.

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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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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 pain points around revenues decisions.

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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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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 pinpoints around revenues decisions.

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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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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 pinpoints around revenues decisions.

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