IO-Link Market expected to reach $24.2 billion by 2026

 

The report "IO-Link Market with COVID-19 Impact Analysis by Type (IO-Link Wired, IO-Link Wireless), Component (IO-Link Master, IO-Link Devices), Industry (Process, Discrete, Hybrid), Application, and Geography(North America, Europe, APAC) - Global Forecast to 2026" size is projected to reach USD 24.2 billion by 2026 from an estimated USD 7.7 billion in 2021, at a CAGR of 25.6% from 2021 to 2026. The rising demand for Industry 4.0 and ability to support all fieldbus protocols are among the factors driving the growth of the IO-Link market.

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By type, the IO-Link devices segment held the major share of the IO-Link market in 2020.

The IO-Link devices segment held the major share of the IO-Link market in 2020. O-Link devices offer various features. These devices can be integrated into any fieldbus or automation system, have auto-device replacement functionality, and are easy to integrate. Such devices can be connected using the same cost-effective standard unshielded 3-wire cables as conventional discrete I/O, which helps reduce complex wiring. In the manufacturing industry, there is a growing need for operational excellence. This leads to the demand for various industrial services, such as predictive maintenance, condition monitoring, and traceability, which is expected to spur the demand for IO-Link devices. These factors are driving the growth of IO-Link devices.

By application, handling and assembly automation accounted for the largest share of the IO-Link market in 2020, and a similar trend is likely to continue in the near future

The handling and assembly automation application is expected to capture the largest share of the IO-Link market during the forecast period based on application. Handling and assembly processes are strongly influenced by the products being manufactured in a plant, and require flexibility and openness to develop and implement individual processes. The increasing complexity of products and the growing need to run multiple products on the same line have increased the pressure on manufacturers. Hence, IO-Link, being a serial communication standard and capable of connecting valves and RFID read heads, is gaining traction in the market for the smooth operation of handling and assembly processes.

By region, APAC IO-Link market to hold the second largest share of the IO-Link market throughout the forecast period

APAC is anticipated to hold the second largest share of the IO-Link market throughout the forecast period. It is also the fastest-growing IO-Link market owing to the ongoing technological innovations and increasing adoption of automation technologies in various industries. Further some of the factors contributing to the growth include increasing number of government initiatives to support digitalization in industries, growing number of small and medium-sized businesses in APAC, and presence of emerging economies in the region

Siemens (Germany), Hans Turck GmbH & Co. KG (Germany), Balluff GmbH (Germany), ifm electronic GmbH (Germany), SICK AG (Germany), Rockwell Automation, Inc. (US), Omron Corporation (Japan), Pepperl+Fuchs (Germany), Festo SE & Co. KG (Germany), and SMC Corporation (Japan), are some of the key players in the IO-Link market.

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Authentication and Brand Protection Market expected to reach $3.7 billion by 2026

 

According to a research report "Authentication and Brand Protection Market with COVID-19 impact –Technology (Overt, Covert, Forensic, Digital), Offering (Security Labels, Security Inks, Holograms), Authentication Mode, Application, and Region - Global Forecast to 2026" published by MarketsandMarkets, the authentication and brand protection market is projected to grow from USD 2.5 billion in 2021 to USD 3.7 billion by 2026; it is expected to grow at a CAGR of 8.3%from 2021 to 2026.

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The key factors fueling the growth of the market include increasing focus on safeguarding product and brand integrity, and stringent anti-counterfeiting laws and regulations enforced by governments. Additionally, increasing demand from emerging economies in APAC is expected to create an opportunity for authentication and brand protection market.

The overt segment is projected to account for the largest share of the authentication and brand protection market during the forecast period.

The overt brand protection solutions can be used for both investigative and consumer validation of product authenticity. Some of the overt authentication offerings are holograms, complex security printing, and embossed optical films. Additionally, overt technology-based authentication and brand protection solutions have decorative appeal and are relatively cheap.

The market for RFID authentication and brand protection is expected to grow at the highest CAGR during the forecast period

RFID tags are becoming popular tools for the identification of products. By using RFID, products can be traced in seconds using electromagnetic fields to automatically identify and track tags attached to objects. Thus, RFID helps to improve and track the supply chain process, from production through distribution and retailing.

The pharmaceutical application in authentication and bradnd protection is expected to grow at the highest CAGR during the forecast period.

The COVID-19 pandemic has boosted the growth of the pharmaceuticals industry worldwide. Additionally, the growth of the segment can be attributed to government regulations in various countries mandating the use of anti-counterfeit technologies in pharmaceutical products.

APAC held the largest share of the global authentication and brand protection market during forecast period.

Economic growth and expansion of the manufacturing industry in the region have significantly impacted the demand for authentication and brand protection. Additionally, the adoption of authentication and brand protection solutions across industries such as pharmaceuticals, automotive, food & beverages, electronics, and luxury goods is expected to increase in APAC during the forecast period. Growing awareness about authentication and brand protection technologies among companies is generating demand for such solutions. The pharmaceuticals industry is expected to witness the fastest growth in China, India, and other countries in the APAC region globally due to the presence of both young and aging population. Additionally, rapid urbanization and the growth of other key end-use industries are factors that are projected to reflect positively on the growth of the authentication and brand protection market during the forecast period.

The key players operating in the authentication and brand protection market include Authentix (US), Avery Dennison (US), Brady (US), De La Reu (UK), Wisekey (Switzerland), Infineon (Germany), Merck Group (Germany), Assa Abloy (Sweden), Centro Grafico (Italy), and Sunchemicals (US).

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Photolithography Equipment Market expected to reach $18.0 billion by 2025

 

According to a research report "Photolithography Equipment Market with COVID-19 impact by Type (EUV, DUV), Light Source (Mercury Lamps, Excimer Lasers, Fluorine Lasers, Laser-Produced Plasma), Wavelength, End User and Geography - Global Forecast to 2025", published by MarketsandMarkets, the photolithography equipment market was valued at USD 11.6 billion in 2020 and is projected to reach USD 18.0 billion by 2025; it is expected to grow at a CAGR of 9.1% from 2020 to 2025.

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The key factors driving the growth of the photolithography equipment market include the advent of advanced semiconductor manufacturing technologies and the increased government support for carrying out these advancements. The key players in the market are focusing on research and development activities. They are launching new technologies to improve the photolithography process used for the manufacturing of semiconductor devices.

EUV is expected to boost the photolithography market between 2020 and 2025

The adoption of EUV photolithography equipment reduces the requirement of re-engineering each new process, thereby enabling 7 nm and 5 nm processes (and their successors) to share design rules. This approach is expected to significantly reduce the transition time of new geometries, thereby resulting in new options and opportunities for customers in the marketplace.

270 nm – 170 nm holds the largest market share photolithographic wavelength in 2019

The 270 nm–170 nm wavelength is largely used in different types of DUV equipment, namely, KrF, ArF, and ArFi. Among DUV equipment, the ArFi segment is expected to account for the largest share of the photolithography equipment market for 270 nm– 170 nm wavelength from 2020 to 2025. The increased demand for high-performance, low-cost semiconductor devices is leading to the shrinking of the feature geometry on silicon wafers.

Laser-produced plasma, expected to lead the photolithography equipment market by 2025

Laser-produced plasmas are preferred in newly introduced EUV photolithography equipment. They offer highly improved wavelengths of up to 1 nm. These plasmas act as cold UV sources and offer monochromic light with a bandwidth of 10 nm. The LED used in EUV photolithography equipment is of low cost, requires less power, and has a longer lifespan than other light sources.

Foundries held the largest market share of photolithography equipment market in 2020

Growing investments in wireless technologies such as 5G have opened new opportunities for smartphone OEMs to tap the potential of low-latency augmented reality (AR), virtual reality (VR), and live video streaming applications. This is leading to the development of high-performance and multifunctional ICs. As transistor density increases in ICs, the demand for photolithography equipment for manufacturing these high-density ICs is also growing.

APAC to hold the largest market share of photolithography equipment market in 2020

The photolithography equipment market in APAC is projected to grow at the highest CAGR from 2020 to 2025. In this region, countries such as China, Taiwan, Japan, and South Korea have a number of semiconductor foundries. China, Taiwan, and South Korea are projected to be the leading countries in terms of semiconductor spending in 2021. Increasing investments for the development of foundries and memories in China are expected to establish the country as a leading photolithography equipment market in the world during the forecast period.

The photolithography equipment market is a concentrated one, with the top 3 players ASML (Netherlands), Canon (Japan), and Nikon (Japan)—accounting for a share of ~98% of the market in 2019. ASML (Netherlands) is projected to have a monopoly in the market in terms of the supply of EUV photolithography equipment during the forecast year. Advanced processes, such as 4 nm/3 nm, are expected to be introduced in the market in 2021 and 2022, thereby fueling the demand for EUV photolithography equipment offered by ASML (Netherlands).

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What You Need To Know About The Microwave Devices Market worth $9.0 Billion Study Analysis

 

The report "Microwave Devices Market by Product (Active Devices, Passive Devices), Frequency (Ku-band, C-band, Ka-band, L-band, X-band, S-band), End User (Space & Communication, Military & Defense, Healthcare), and Geography - Global Forecast to 2027", is projected to grow from USD 6.7 billion in 2021 to USD 9.0 billion by 2027; it is expected to grow at a CAGR of 5.1% from 2021 to 2027.

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The growth of the microwave devices market is driven by rising military & defense expenditure, growing need for secure and fast communications, and rising demand for microwave devices in patient monitoring. The advent of digital communication has increased the number of satellites to cater to the voluminous data or digital transmission of voices through single communication channels. Thereby creating revenue generating opportunities for the microwave devices market. The rising penetration of 5G and IoT infrastructure, miniaturization of devices, soaring need for effective and non-radioactive patient treatments, and technological breakthroughs in microwave equipment pertaining to the materials used is expected to attract lucrative opportunities for the microwave devices market.

The active devices segment of microwave devices market is expected to hold the biggest market share during the forecast period.

The high usage of active microwave devices in various defense and space electronics has led to the segment’s growth. Active devices are widely used for detecting, mixing, amplifying, filtering, and switching microwave signals in standalone equipment. The increasing investments in R&D by the market players to design advanced devices that are compatible with high-speed connectivity requirements are expected to fuel the growth of the active devices segment.

The Ku-band segment is expected to grow at the highest CAGR during the forecast period

The ability to adjust the uplink and downlink, as well as relatively less incurred cost, is expected to increase the deployment of Ku-band microwave devices. Ku-band has been a pioneer in implementing high-speed communication channels, as it has lower throughput and is less susceptible to attenuation. Furthermore, it has shorter wavelengths, improved spot beam coverage, and requires less investment.

The space & communication segment is expected to grow at the highest CAGR of the microwave devices market during the forecast period.

The increase in the number of high-throughput satellites (HTS) and rising investments in space and related exploration activities are expected to drive the growth for the space & communication segment. The growing prominence of real-time video and audio streaming services has led to an increase in the use of microwave devices in space & communication domain.

North America region is expected to hold the largest share of microwave devices market during the forecast period.

On account of the rapid deployment of microwave devices in their warfare equipment, the US and North American microwave devices market is expected to foresee immense opportunities over the forecast period. The US military has emerged as one of the most technologically advanced armed forces in the world, equipping modernized warfare infrastructure.

The key players operating in the Microwave Devices market include Thales Group (France), L3 Harris, Technologies, Inc. (US), Teledyne Technologies Incorporated (US), Qorvo, Inc. (US), and CPI International, Inc. (US).

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Defect Detection Market Is Growing Quickly: Here's What You Need To Know

 

The report "Defect Detection Market with COVID-19 Impact Analysis, by Offering (Hardware (Camera, Optics, and Processor), Software (Traditional and Deep-Learning); and Service), Application (Manufacturing, Packaging), Vertical, and Geography - Global Forecast to 2026", is estimated to grow from USD 3.5 billion in 2021 to USD 5.0 billion by 2026 at a CAGR of 7.5% during 2021–2026. The growth of the defect detection market is driven by factors such as strong focus of manufacturers on automating quality control and quality assurance processes; stringent health and safety measures imposed by governments and standards organizations on global manufacturing firms; and high demand for application-specific integrated circuits (ASICs). However, dearth of skilled professionals in manufacturing factories is restraining the growth of the market.

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The hardware segment to hold the largest market share in 2026

The hardware segment of the defect detection market is estimated to register the largest market share in 2026, by offering. Hardware type in defect detection systems include cameras, frame grabbers, optics, and processors. Major factors driving the growth of the market are rapid industrialization in emerging economies, increasing adoption of automated visual inspection systems in manufacturing, and increasing wages in various countries.

The manufacturing application to register higher CAGR during the forecast period

The defect detection market for manufacturing is projected to register the higher CAGR during the forecast period, by application. The manufacturing application requires defect detection of cosmetic defects on all types of surfaces, which are difficult to inspect with conventional rule-based machine vision algorithms and human eye. Industries have realized the importance of quality assurance in manufacturing processes, resulting in the widespread acceptance of defect detection as an integral part of the long-term automation development process. The use of defect detection throughout an automated production process further helps identify complex defects in a short span of time. This, in turn, helps in reducing costs and improving response time and quality. Also, increasing adoption of defect detection system based on deep learning and AI in manufacturing to expedite the inspection of products and to facilitate prompt detection of defects is also driving the market growth.

The electronics & semiconductors segment to hold the largest market share in 2026

The electronics & semiconductors segment of the defect detection market is estimated to register the largest market share in 2026, by vertical. In the electronics & semiconductors vertical, apart from cosmetic defects such as scratches, dents, shade variations, smeared labels and strands of human hair, functional defects such as bent pins on ports and connectors, untightened screws, missing components, and wrong barcodes also need to be detected to produce fewer defective products and improve quality production.  Increasing demand for high-speed assembly inspection where the throughput of components is rapid and growing need to comply with stringent quality standards is driving the growth of the electronics & semiconductors segment. Moreover, the industry is increasingly manufacturing semiconductor wafers with thickness in nanometers; this will increase the demand for defect detection systems in the coming years.

 APAC to register  higher CAGR during the forecast period

The market in APAC is expected to grow at the highest CAGR during the forecast period. Countries in APAC, such as China, Japan, India, and South Korea, have some of the largest manufacturing facilities, wherein automation has been accorded the highest priority. Rapid industrialization, presence of well-established semiconductors, food & packaging, and automotive industries are likely to drive the market growth. Also, various government initiatives such as “Make in India” to encourage large and medium-sized enterprises are fueling the market growth in APAC. Manufacturers in this region are exceedingly investing in the R&D and implementation of Industrial Internet of Things (IIoT) and other industrial automation solutions.

Key players in the defect detection market include Microsoft (US), IBM (US), Amazon Web Services (US), OMRON Corporation (Japan), Cognex Corporation (US), Teledyne Technologies (US), ISRA VISION (Germany), KEYENCE (Japan), Datalogic (Italy), and Matrox Electronic Systems (Canada). These players have adopted product launches and developments, agreements, partnerships, collaborations, and acquisitions to grow in the market.

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Atomic Force Microscopy Market Share worth $631 Million Impact Analysis

 

According to a research report "Atomic Force Microscopy Market with COVID-19 Impact Analysis, Offering, Grade (Industrial, Research), Application (Material Science, Life Sciences, Semiconductors and Electronics, Academics), and Region - Global Forecast to 2026" published by MarketsandMarkets, the atomic force microscopy market is projected to grow from USD 489 million in 2021 to USD 631 million by 2026; it is expected to grow at a CAGR of 5.2% during the forecast period. The applications of atomic force microscopy include materials science, life sciences, semiconductors and electronics, academics, and others (that include solar cells, geoscience, forensic science, and food technology). The market growth can primarily be attributed to committed support from several governments to promote nanotechnology and nanoscience research and development, and high demand for 3D ICs from the semiconductor and electronics industry.

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AFM segment to account for the largest share of the atomic force microscopy market in 2021

In terms of value, the AFM segment is expected to hold a dominant share of the market in 2021 and is also expected to register the highest CAGR during the forecast period. This is primarily because AFMs are much more expensive than probes and cost no less than USD 100,000 (ASP of some AFMs even exceed USD 500,000). An atomic force microscope is one of the most versatile and dominant equipment for studying samples beyond nanoscales. It is versatile because it can obtain three-dimensional topography, and it also meets the requirements of scientists and engineers by offering measurements for several types of surfaces.

Industrial grade AFM to register higher share in the AFM market during the forecast period

The industrial grade atomic force microscopy market is expected to hold the larger share as well as grow at a higher CAGR during the forecast period. This is because industrial grade AFM are more in demand owing to their high precision in detecting and visualizing even the smallest surface structures compared to research grade AFM. Industrial AFM are used by original equipment manufacturers (OEMs) and suppliers in the automobile, semiconductor, and nanotechnology-based industries to fabricate nanoscale imaging instruments that find applications in pathology and clinical research.

Material science segment to register the highest share for atomic force microscopy market in 2021

The material science segment is expected to hold the largest market share throughout the forecast period. For materials science research, AFM acts as a powerful tool as it deals with the discovery and design of new materials, including polymers, metals, alloys, ceramics, and biomaterials. The semiconductors and electronics segment is expected to grow at the highest CAGR during the forecast period. Atomic force microscopy can assist in the nanometer-scale characterization of semiconductor materials and devices. It also provides feedback for both electrical failure analysis and physical failure analysis, as well as tribological, mechanical, and interfacial analysis of devices, which is becoming an important metric for quality control.

The emergence of the global COVID-19 pandemic has affected the atomic force microscopy market. Most end-use applications using AFMs have been affected by this crisis. For instance, life sciences applications exhibited the highest growth from 2019 to 2020 in light of the ongoing pandemic, while the semiconductor and electronics application segment witnessed a significant decline from 2019 to 2020. However, it is expected that the life sciences application will return to normal growth levels while semiconductor and electronics segment will showcase the highest growth during the forecast period as the impact of the pandemic starts minimizing.

Market in APAC, estimated to have the largest share during the forecast period

APAC is likely to dominate the market during the forecast period. Component suppliers in APAC provide opportunities to key players to outsource their microscopy products as a cost-saving strategy. Major market players are outsourcing the production process of their microscopes to local manufacturers in emerging markets in APAC. These local manufacturers provide equipment, facilities, and labor at a lower cost, thereby offering high returns on investments to manufacturers and lowering the production costs of atomic force microscopes. Moreover, growing R&D funding for the development of microscopes, increasing nanotechnology research, and growing expertise and academic excellence, along with the availability of nanomaterials at a lower cost, are other factors supporting the market growth.

Major vendors in the atomic force microscopy market include Bruker (US), Park Systems (South Korea), Oxford Instruments (UK), Horiba (Japan), Hitachi High-Tech (Japan), Nanosurf (Switzerland), WITec (Germany), NT-MDT Spectrum Instruments (Russia), NanoMagnetics Instruments (UK), Nanonics Imaging (Israel), AFM Workshop (US), Attocube Systems (Germany), Anton Paar (Austria), Semilab (Budapest), Concept Scientific Instruments (France), Nano Scan Technologies (Russia), RHK Technologies (US), GETec Microscopy (Austria), Advanced Technologies Center (Russia), Nanoscience Instruments (US), Anfatec Instruments (Germany), Integrated Circuit Scanning Probe Instruments Corporation (Canada), Tokyo Instruments (Japan), and Molecular Vista (US).

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Metal-air Battery Market worth $993 Million USD by 2027, at a CAGR of 14.8%

 

The report "Metal-air Battery Market by Metal (Zinc, Lithium, Aluminum, Iron), Voltage, Type (Primary, Secondary), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power) and Region - Global Forecast to 2027" The metal-air battery market is projected to grow from USD 498 million in 2022 to USD 993 million by 2027, at a CAGR of 14.8% during the forecast period. The escalated need for high energy density solutions and the inherent properties of metal-air batteries are key factors boosting the growth of the market.

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By metal, zinc segment is estimated to lead metal-air battery market in 2022.

Zinc-air batteries have high energy density but low power. These batteries are generally primary batteries; however, rechargeable designs for high-power applications are being developed that can be recharged by replenishing the zinc anode and electrolyte. Zinc-air batteries with high volume energy densities have the advantage of low cost and high safety. Electronic devices are expected to continue to lead the global zinc-air battery market during the forecast period. Non-rechargeable zinc-air batteries are popular for their high energy density. Developments carried out by market participants in rechargeable zinc-air batteries could make these batteries an ideal solution for other applications such as wearable devices and consumer electronics.

By application, electronic devices segment is estimated to account for largest market share during forecast period.

By application, the electronic devices segment accounted for the largest share of the metal-air battery market in 2021. Metal-air batteries are increasingly used in electronic devices due to the increased demand for safe, eco-friendly, cost-effective, and efficient energy storage solutions. Metal-air batteries are in high demand for electronic devices such as hearing aids and watches because they offer better durability and more energy storage than other batteries.

Asia Pacific estimated to lead metal-air battery market from 2022 to 2027.

Asia Pacific is estimated to account for the largest share of the metal-air battery market in 2022 owing to technological advancements in the wearable device and consumer electronics sectors in this region. The major manufacturers of wearable devices and consumer electronics based in the region, such as Samsung (South Korea), LG Electronics (South Korea), and Panasonic (Japan), are developing next-generation flexible devices. These devices require power sources that are not only small but also have high energy density to complement the product design; these requirements are fulfilled by metal-air batteries.

GP Batteries International (Hong Kong), Arotech Corporation (US), Energizer Holdings (US), Duracell (US), and Renata SA (Switzerland) are major players in the metal-air battery market globally.

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