Global Cleaning Robot Market Analysis [2022-2027] | Industry Size, Share, Trends, Demand, Growth

 

Attractive Opportunity:

Increasing development in vacuum cleaners with self-charging capabilities and compact size will drive the cleaning robot market growth in coming years. The rapidly advancing smart home technology and the increasing penetration of AI and IoT in household appliances have allowed the development of cleaning robots, further strengthening the market growth. Cleaning robots are available in the market in various forms and designs for various purposes. Cleaning robots, such as robot vacuum cleaners, are generally used for residential as well as commercial sectors. They are also deployed in various commercial applications such as malls, offices, manufacturing plants, airports, etc.

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Findings of the Global Cleaning Robot Market:

    The development of AI and IoT has provided new avenues for robots to interact and work with humans. Also, the development and evolution of MEMS (micro-electromechanical systems) and sensors and enhancements in visualization technologies have improved the efficiency and accuracy of robots.

   The growth in the cleaning robot market is led by innovation and modernization in the field of robotics. Technological advancements and research activities have led to the development of cleaning robots, helping humans perform mundane tasks.

    Technological advancements in manufacturing, sensors, and visualization equipment have further resulted in low-cost cleaning robots that are specialized to carry out cleaning.

    The development of IoT and wireless technologies has given users the power to control robots using remotes or smartphones. A user can schedule a cleaning phase without being present in the house.

What are the Driving Factors of the Cleaning Robot Market?

The growth of the market is attributed to the increasing adoption of AI and IoT in household appliances, growing adoption of cleaning robots in commercial sector, rising demand for disinfecting robots in healthcare facilities. During the forecast period, development of AI-enabled and voice-controlled smart cleaning robots is expected to create growth opportunities for the market.

Increasing concern about higher cost of personal cleaning robots drive : The Market Growth

A cleaning robot is costlier than a traditional vacuum cleaner, which makes it less affordable for residential use. People from emerging economies such as India and China still rely on professional services, labor, or traditional vacuum cleaner machines for cleaning purposes. The price of a cleaning robot in 2021 was in the range of USD 250 to USD 999 and above. In 2021, the GDP per capita of India, China, and Brazil was USD 2277.43, USD 12556.33, and USD 7518.83, respectively.

Global OPPORTUNITIES: Proliferation of cleaning robots in industrial applications during the forecast period:

In the commercial and industrial sectors, cleaning is done on a large scale, and cleaning robots help in saving labor costs, which, in turn, is helping the companies involved in these sectors to cut down on operation costs. This will further add an opportunity for cleaning robot manufacturers to accelerate their scope in new applications such as the industrial sector. Such robots are now involved in steel-cleaning operations, including high-pressure washing & cleaning and hydro blasting.

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Cleaning Robot Market Top Companies Profiles:

• iRobot Corporation (US),
• Ecovacs Robotics Co., Ltd (China),
• Samsung Electronics Co., Ltd. (South Korea),
• Xiaomi (China),
• Roborock (China)

The presence of several manufacturers and suppliers in China has helped the cleaning robot market to expand rapidly in the country. The country accounts for a share of more than 50% of the cleaning robot market in Asia Pacific.

Regional Insight by MarketsandmarketsTM Research:

The increasing adoption of cleaning robots and the influx of global players, along with the emergence of native players, are driving market growth. China is one of the key countries for the cleaning robot market in Asia Pacific as the country is the major manufacturing hub for cleaning robots globally.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Identify the Impact of Smart Home Market - Global Forecast

 

Attractive Opportunity:

The primary driving factor of the smart home market are increasing disposable income of people in developing economies, increasing importance of home monitoring in remote locations, increasing number of internet users and growing adoption of smart devices, growing concern about safety, security, and convenience among general population, expansion of smart home product portfolio by a large number of players, and growing need for energy-saving and low carbon emission-oriented solutions.

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Findings of the Global Digital Pathology Market:

    The new service suite leverages Johnson Control's OpenBlue1 digital technology to power remote and contactless services, in combination with its 130-years of expertise in green building services, with more than 20 unique, customizable options to cater to rising demands for adaptable, healthier, and safer buildings.

    The new range follows this approach and includes two digital thermostat variants for temperature and humidity control and advanced KNX communication between sensors and actuators to Siemens’ building management systems such as Desigo and Synco.

    The exchanges and usage of company data along the value chain. This harmonizes and further automates processes, both within and between companies, thus achieving substantial efficiency gains.

    The partnership integrated Google’s hardware and services and ADT’s DIY and professionally installed smart home security solutions to innovate the residential and small business security industry. The future ADT + Google helpful home security solution is expected to advance smart home offerings and attract new consumers seeking premium technology, end-to-end smart home service, and trusted security.

What are the Driving Factors of the Smart Home Market?

They include both wired and wireless protocols. Different protocols also define the compatibility for different types of home automation control systems—on-premises (centralized connectivity) or cloud-based (remote connectivity). Suppliers provide hardware components, such as sensors, timers, and dimmers, for smart home systems.

Increasing concern about safety, security, and convenience among general population drive : The Market Growth

The in-built monitoring system is also capable of controlling electronic, electrical, and security appliances from a single interface. Convenience, efficiency, safety, and security are the major factors that impact the acceptance of any technology. An automated (smart) home coordinates with security, temperature, lighting, and audio/video systems automatically to ensure safety, energy-saving, and convenience.

Global OPPORTUNITIES: Smart furniture to register the highest CAGR during the forecast period:

The market for smart furniture is expected to grow at the highest CAGR during the forecast period. The shifting trend of the adoption of furniture that can be connected to IoT, coupled with increasing disposable income and changing lifestyle, is expected to contribute to the growth of the market. In addition, due to escalating property prices, many people are opting for smaller living spaces. Owing to space constraints, consumers prefer smart furniture that saves a significant amount of space.

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IoT Sensors Market Top Companies Profiles:

• Honeywell (US),
• Siemens (Germany),
• Johnson Controls (Ireland),
• Schneider Electric (France),
• ASSA ABLOY (Sweden),
• Amazon (US),
• Apple (US),
• ADT (US),
• ABB (Switzerland) and..
  

Samsung Electronics (South Korea), Crestron Electronics (US), LG Electronics (South Korea), and Legrand (France). Apart from these, , Ooma (US), Delta Controls (Canada), Control4 (US), Axis Communications (Sweden), Comcast (US), Smarthome (US), SimpliSafe (US), Armorax (US), Canary (US), and Lutron (US). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming market.

Regional Insight by MarketsandmarketsTM Research:

The market in APAC is expected to grow at the highest CAGR during the forecast period. The APAC region is home to major smart home manufacturers, namely, Samsung Electronics (South Korea), Panasonic (Japan), Haier Smart Home (China), LG Electronics (South Korea), and Sony (Japan), which always focus on technological innovations. Also, China, Japan, and South Korea are potential high-growth markets for smart home offerings.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

 

 

 

 

The Impact Of Robotic Process Automation Market Over The Next Five Years

 

Attractive Opportunity:

Robotic process automation is the application of technology to configure computer software or a robot to capture and interpret existing applications for rule-based processing of transactions, manipulate data, trigger responses, and communicate with other digital systems. Robotic process automation deals with the application of smart software to carry out high-volume and repetitive tasks that usually take a lot of time for humans to accomplish, and which are typically monotonous to perform of robotic process automation market.

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Key Findings of the Global Digital Pathology Market:

    Robotic Process Automation (RPA) Market is estimated to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022.

    To forecast the robotic process automation market size, in terms of value, of segments with respect to four main regions (along with their respective countries), namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)

    To provide the RPA market statistics with detailed classifications, along with the respective market size

    To provide the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges

    To analyze the competitive intelligence of players based on company profiles, key player strategies, and game-changing developments such as solution launches and acquisitions

What are the Driving Factors of the Robotic Process Automation Market ?

The research methodology used to estimate and forecast the robotic process automation market begins with capturing data on key vendor revenue through secondary research, covering Institute for Robotic Process Automation (IRPA), press releases, investor relation presentations, annual reports, etc. Vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up approach is employed to arrive at the overall size of the global RPA market from the revenue of key players. After arriving at the overall market size, the total market is split into several segments and subsegments.

Robotic process automation market for healthcare and pharmaceuticals will likely to grow at the highest CAGR during forecast period to boost Drive The Market Growth

The healthcare and pharmaceuticals industry is highly information-dependent, as it involves medical records of patients, credentials of patients, information on claims processing, revenue cycle management, etc. In this regard, robotic process automation not only helps reduce operational costs but also ensures greater accuracy.

Global Increasing demand for Robotic process automation tools expected to hold the largest market size of the overall robotic process automation market:

Robotic process automation tools held the largest market size in 2018 owing to its capability of eliminating repeatable and predictable human interactions with business applications by mimicking the way people interact with applications through a user interface and also by following simple rules to make decisions.

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Robotic Process Automation Market Top Companies Profiles:

The growth of robotic process automation in Canada is driven by the ramp-up of the banking and financial industry. Human resource outsourcing, business process outsourcing, and contact center outsourcing have seen tremendous growth in Canada in recent times. The growth of the RPA market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs.

The RPA market report profiles the most promising players in the RPA market. The competitive landscape of the market presents an interesting picture of strategies adopted by many players. Nice Systems Ltd. (Israel), Automation Anywhere (US), Blue Prism Group Plc (UK), Celaton Ltd. (UK), IPSoft, Inc. (US), Pegasystems Inc. (US), Redwood Software (US), UiPath SRL (UK), Verint Systems Inc. (US), and Xerox Corporation (US) are few dominant players in the robotic process automation market.

PR Newswire Link :
https://www.prnewswire.com/in/news-releases/robotic-process-automation-market-worth-24670-million-usd-by-2022-615462134.html

Regional Insight by MarketsandmarketsTM Research:

The growth of the RPA market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes—backed by software bots.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

 

 

 

 

Automotive Semiconductor Market will Gain Momentum by 2022

 

Attractive Opportunity:

Rising trend of powertrain electrification with the introduction of EVs and HEVs is expected to drive the growth of the automotive semiconductor market during the forecast period.

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Key Findings of the Global Digital Pathology Market:

The automotive semiconductor market is expected to grow from USD 34.68 billion in 2016 to USD 48.78 billion by 2022, at a compound annual growth rate (CAGR) of 5.8%.
    To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues)
    To strategically profile key players of the market and comprehensively analyze their market shares and core competencies2
    To analyze various developments such as expansions, partnerships, mergers & acquisitions, and new product developments, along with research & development in the market

What are the Driving Factors of the Automotive Semiconductor Market ?

The research methodology used to estimate and forecast the automotive semiconductor market begins with capturing data on key vendor revenue through secondary sources such as Semiconductor Industry Association, Global Semiconductor Alliance, and International Organization of Motor Vehicle Manufacturers, among others. The vendor offerings are also taken into consideration to determine the market segmentation. A combination of top-down and bottom-up procedures has been employed to arrive at the overall size of the market from the revenues of key players in the market.

Ongoing electrification of the powertrain system generating more demand for discrete power devices Boost Drive The Market Growth

Discrete power devices is the fastest-growing segment of the automotive semiconductor market, segmented on the basis of components. The reason behind this sharp growth in the market share of the discrete power devices is due to the ongoing electrification of the major applications of the automobile, such as powertrain, which is generating more demand for power components such as MOSFET and IGBT.

Global Increasing demand for Automotive industries in Asia-Oceania are the major consumers of the semiconductor component:

The Asia-Oceania region expected to account for the largest share in 2016 of the total automotive semiconductor market. The Asia-Oceania region has emerged as a major automotive hub, with the majority of the market share in terms of vehicle production as well as sales. The primary reason for this trend is the growing Chinese automotive market. This market has evolved into the largest producer of vehicles and consequently the largest consumer of automotive semiconductor across the globe.

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Automotive Semiconductor Market Top Companies Profiles:

The ecosystem of automotive semiconductor market includes research & development, raw material supply, assembly and manufacturing, system integration, marketing and sales, automotive manufacturing, end users, and post sales service. The major automotive semiconductor manufacturers include Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), and more...

NXP Semiconductors N.V (Netherlands) among others. The system integrators include Texas Instruments, Inc. (US), Denso Corp. (Japan), Delphi Automotive PLC (UK), and Standard Motor Products, Inc. (US), among others. The end users of the market include Honda Motor Co., Ltd (Japan), General Motors (US), and Ford Motor Co. (US), among others.

Regional Insight by MarketsandmarketsTM Research:

The Asia-Oceania region expected to account for the largest share in 2016 of the total automotive semiconductor market. The Asia-Oceania region has emerged as a major automotive hub with the majority of the market share in terms of vehicle production as well as sales. The primary reason for this trend is the growing Chinese automotive market. This market has evolved into the largest producer of vehicles and consequently the largest consumer of automotive semiconductor across the globe.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

 

 

 

 

Identify the Impact of Compound Semiconductor Market - Global Forecast to 2027

 

Attractive Opportunity:

The increasing use of compound semiconductors in LED applications has fueled the demand for compound semiconductors. The growing demand and implementation of GaN and SiC in the semiconductor industry is expected to play a vital role in the growth of the compound semiconductor market.

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Key Findings of the Global Digital Pathology Market:

    The Compound Semiconductor Market is expected to grow from USD 32.0 billion in 2020 to USD 43.4 billion by 2025, at a CAGR of 6.3%.
    Samsung Electronics suspended its operations in South Korea and for almost 45 days in India in March and April 2020 due to COVID-19 pandemic.
    Qorvo announced that it has reduced its guidance for the January to March 2020 quarter and expects the revenue to fall as the outbreak of COVID-19 is impacting the smartphone supply and customer demand more than anticipated.
    Skyworks temporarily suspended its Mexicali operations and has directed its workforce in Mexico to follow the government’s directive to remain at home. The company has stated that an extended suspension of the Mexicali operations beyond April 30, 2020, is expected to create a supply–demand gap and impact its operating results.
    The entire supply chain is disrupted due to limited supply of parts. Chinese suppliers around the globe have placed production lines on halt or shut them down completely.

What are the Driving Factors of the Compound Semiconductor Market?

LEDs are replacing various light sources such as incandescent bulbs, fluorescent bulbs, and CFLs. It is observed that there is increased penetration of LEDs in multiple applications, including general lighting, automotive lighting, and signage displays. LEDs comprise compound semiconductor materials, which are made from group III and group V elements of the periodic table (these are known as III-V materials). III-V materials that are commonly used to make LEDs are gallium nitride (GaN), gallium arsenide (GaAs), and gallium phosphide (GaP).

High material and fabrication costs associated with compound semiconductors Industry Drive The Market Growth

The major factor restraining the growth of the compound semiconductor market is the high expenditure involved in the complete industry processes in the supply chain. The total average expenditure per compound semiconductor device, of all the supply chain processes put together (including expenditure from both complete upstream and downstream), is much more than the average expenditure per pure silicon semiconductor device.            

Global Increasing demand for compound semiconductors in Military, Defense, and Aerospace:

The increased usage of RF power in military, defense, and aerospace applications offers an opportunity for the growth of the compound semiconductor market in the future. The use of RF power devices in fields such as avionics and radar systems would help the growth of the market for military and aerospace applications. The use of InP and GaAs to develop newer and advanced products would further boost the growth of the military, defense, and aerospace applications in market. GaAs-based switches are used in military RF-based power devices in the MWIR band.

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Compound Semiconductor Market Top Companies Profiles:

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).

Regional Insight by MarketsandmarketsTM Research:

The technological shift from 3G to 4G/LTE and now into 5G has increased the network traffic through mobile devices and resulted in increased network interferences across the communication channels. As industry shifts towards the adoption of 5G, RF content used per smartphones expected to increase, this would drive the growth of the market during the forecast period. To meet all the requirements for 4G and 5G, including saturated and linear efficiency, it is necessary to use a power amplifier manufactured with compound semiconductor technology, which is expected to drive the market growth during the forecast period.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

 

 

 

 

Smart Badge Market will Gain Momentum during 2020-2025

 

Attractive Opportunity:

Smart badge market are adopted increasingly as the credential of choice for securely controlling physical access of the users. These badges are used to authenticate the identity of a person, and physically admit the cardholder to a facility. Smart badges are frequently used by government agencies to comply with government regulations, such as the Defense Federal Acquisition Regulation System (DFARS) and the International Traffic in Arms Regulations (ITAR).

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Key Findings of the Global Digital Pathology Market:

    The Smart badge market size is estimated to grow from USD 21.1 billion in 2020 to USD 33.8 billion by 2025, at a CAGR of 9.9% between 2020 and 2025.
    Rising market is required under Homeland Security Presidential Directive-12 of the Government of the US.
    The contactless segment of the smart badge market is projected to grow at a higher CAGR than the contact segment during the forecast period.
    The increased demand for contactless smart badges as they enable quick transactions. These badges eliminate the requirement of waiting for terminals to communicate. They allow fast, easy, and secured access to physical and logical areas.
    The North America is expected to witness rapid growth during the forecast period owing to the increasing adoption of smart cards in healthcare and event and entertainment verticals. Moreover, Asia Pacific (APAC) to hold a major share of the smart badge market during the forecast period.

What are the Driving Factors of the Smart Badge Market?

Despite all the precautions and personal hygiene procedures that are taken care of, the number of infectious and chronic diseases is increasing worldwide. In the prevention of chronic diseases, nutrition and diet are the most important factors, while the nutrient content of the diet is decreasing, which is a major factor in the increasing prevalence of chronic diseases worldwide, especially in developing countries, including Southeast Asian countries and Western European countries.

Government & Healthcare Is The Most Attractive Segment That Is Gaining Attention In The Smart Badge Industry Drive The Market Growth

The growth of this segment of the market can be attributed to the adoption of smart badges for access control and critical data storage, as well as to ensure national security. The governments of developed and developing countries rely on the sprawling patchwork of systems to identify and manage people using smart cards.

Global Digital Pathology Market Segmentation:

Various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations; white papers, smart badge solution-based marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases.

Secondary data has been collected and analysed to arrive at the overall market size, which has further been validated through primary research. The secondary data has been collected and analysed to arrive at the global smart badge market size, which has also been validated by primary research.

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Smart Badge Market Top Companies Profiles:

Extensive qualitative and quantitative analyses have been performed during the complete market engineering process to list the key information/insights throughout the report. Primary data has been collected through questionnaires, e-mails, and telephonic interviews.

Leading players in this market are Thales Group (Gemalto) (France), ASSA ABLOY AB (HID Global Corporation) (Sweden), Giesecke+Devrient GmbH (Germany), Brady Worldwide, Inc. (US), IDEMIA (France), Evolis (France), Identiv Inc. (US), BEAM (US), AIOI-SYSTEMS CO., LTD. (DISPLAY IT CARD) (Japan), Watchdata (Singapore), and Identita (Canada). The other players operating in the market include Blendology (UK), Squarofumi (China), KONA I Co. Ltd. (South Korea), Proxfinity Inc. (US), Klik (Canada), Global Net Solutions (GNS) (US), CardLogix Corporation (US), MpicoSys Solutions B.V. (Netherlands), AbeeWay (France), and HierStar Ltd. (China)

Regional Insight by MarketsandmarketsTM Research:

APAC accounted for the largest share of the smart badges market with displays in 2019, owing to the presence of a large consumer base of these badges in the region. A major portion of the demand for smart badges with displays is from China, followed by Japan and South Korea. However, the market in North America is projected to grow at the highest CAGR during the forecast period. North America has always been a forerunner in adopting new and innovative technologies. Countries of North America are developed economies. As such, the adoption rate of information and communication and smart wearable technologies is the highest in the region.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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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.

Don’t miss out on business opportunities in IO-Link Market . Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

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