Haptic Technology Market Research Study on Top Vendors Analysis Over The Next Five Years

 

The global haptic technology market size is projected to grow from USD 2.6 billion in 2021 to USD 4.6 billion by 2026, at a CAGR of 12.0%. The market is expected to decline in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions.

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Though the market is expected to be impacted in 2020, it is expected to fully recover by 2021. Increasing integration of haptics in consumer devices is the key factor driving the growth of the haptic technology market. Also, the growing use of haptic technology in automobile safety applications is likely to boost the market growth.

Texas Instruments (US), Johnson Electric (Hong Kong), AAC Technologies (China), TDK (Japan), Microchip Technology (US), Immersion (US), ON Semiconductor (US), Precision Microdrives (UK), Synaptics (US), Ultraleap (UK), Aito BV (Netherlands), Alps Alpine (Japan), Cirrus Logic (US), Dialog Semiconductor (UK), Hap2U (France), Imagis (South Korea), Infineon (Germany), Jinlong Machinery & Electronics (China), Nidec (Japan), and SMK Corporation (Japan) are the key players in the haptic technology market.

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The haptic technology market is competitive, owing to the presence of several players. Key strategies adopted by these players to expand their product portfolio, increase their market share, and expand their presence in the market are agreements and product launches. Many market players adopted agreement as their primary business strategy. For instance, in September 2020, Immersion signed a multi-year license renewal with LG Electronics (South Korea) for continued use of TouchSense software and haptic technologies in its mobile devices. LG is expected to continue the use of Immersion haptic software in its entire range of smartphones. Apart from this, players have also adopted a product launch strategy to expand their offerings. For instance, in June 2019, TDK launched two evaluation kits for haptic feedback. The BOS1901-Kit is designed for and includes three 60 V actuators. The second evaluation kit is suitable not only for the 60 V PowerHap types but also the 120 V types. It is available in two versions: a driver for one actuator and driver for up to five actuators.

Texas Instruments has extensive technical expertise in the haptic technology market that has helped the company to expand its market share. The company is among the few players that offer both haptic hardware as well as haptic software. Robust technological and engineering capabilities in the haptic technology ecosystem provide the company with a competitive advantage. For consumer devices and automotive applications, the company offers advanced haptic solutions such as piezo haptic drivers and microcontrollers, which set new benchmarks for functionality, performance, and lifetime. Texas Instruments has worked toward building an extensive global distribution network for the sale of its haptic solutions. This has helped the company to expand its haptic offerings to the automotive, consumer, medical, and industrial markets in the last few years.

Johnson Electric offers a wide range of products in the haptic technology market. The company is a world-class provider of haptic actuators, especially for the automotive market. Additionally, the company has been an early entrant in the haptic technology market and hence has an in-depth understanding of the industry challenges, which helps the company stay ahead in the competition. Johnson Electric generates its revenue from all major regions across the globe. This non-dependence on a single region for revenue generation is helping the company to take advantage of the growing haptic technology market in regions such as North America and Europe, along with expanding its end-user markets and customer base. The company has manufacturing facilities for its haptic components in almost all major regions of the world. This has helped the company to lower freight costs and inventory levels, reduced exposure to tariffs and foreign exchange rate fluctuations, and overall diversification of operating risk by not being overly reliant on a single country or factory.

Related Reports:

Haptic Technology Market with COVID-19 Impact by Component (Hardware, Software), Feedback Type (Tactile, Force), Application (Consumer Devices, Automotive & Transportation, Healthcare, Commercial & Industrial, Others) and Region - Global Forecast to 2026

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Siemens AG (Germany) and ABB Ltd. (Switzerland) are Leading Players in the Industrial Services Market

 

The industrial services market typically comprises the services provided by original equipment manufacturers (OEMs) and third-party vendors for process and discrete industries. Industrial services play a key role in achieving operational excellence in these industries. The industrial services offering include engineering & consulting, installation & commissioning, and operational improvement & maintenance. These services assist the end user to improve the reliability, availability, and efficiency of the plant. Moreover, these services help in reducing the unexpected downtime, thereby increasing the productivity of the plant.

Industrial services market is expected to be valued at USD 33.6 billion in 2020 and is expected to reach USD 44.1 billion by 2025, at a CAGR of 5.6% between 2020 and 2025. Key factors driving the demand for industrial services include the growing need for operational excellence, increasing demand for maintenance-as-a-service, and increasing equipment complexity.

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ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), Mitsubishi Electric Corporation (Japan), Metso Corporation (Finland), and Samson AG (Germany) are among the major players in the industrial services market.

Siemens offers industrial services such as engineering and consultancy, installation, commissioning, maintenance, and training for process and discrete industries. Siemens AG delivers industrial services for its end user in the industry including energy, power, oil & gas, aerospace, food & beverages, marine, mining, and automotive. The company’s industrial services portfolio includes consulting, repair, training, and maintenance. Consulting services include online customer support, technical and engineering consulting to advise about operational process, fault clearance, and status of the plant. Onsite repair services and extended repair services are offered under the repair service segment to confirm the fast restoration of errors detected in the equipment and system. Siemens is working toward offering 3D printing products and solutions to global medical manufacturing companies to speed up the development and manufacturing of medical components. However, due to the pandemic, the factory automation unit and smart infrastructure business of the company would be the hardest hit. The company is continuously monitoring all aspects of the COVID-19 situation, evaluating all new developments, and undertaking measures to protect its employees.

ABB provides industrial services for energy, utilities, transportation, and infrastructure sectors. ABB is a leading power and automation technology company. ABB offers services for products and systems in the process and discrete industries. The company’s service portfolio includes engineering and consulting, installation and commissioning, training, maintenance, and repair. The company’s electrification products business segment offers industrial services such as installation, engineering, training, and technical support to the power distribution sector. Moreover, the discrete automation and motion business segment provides engineering, installation, training, and maintenance services for electric motor and drives in the various industries to increase the flexibility, productivity, and energy efficiency of their plants. In December 2019, ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide, helping minimize cost, schedule, and risk.

Related Reports:

Industrial Services Market with COVID-19 Impact by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (MES, Motors & Drives, DCS, HMI, PLC), Industry, and Region - Global Forecast to 2025

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Market Leadership - Assistive Robotics Market to hit $11.2B in 5 years

 

The assistive robotics market size is expected to grow from USD 4.1 billion in 2019 to USD 11.2 billion by 2024, at a CAGR of 22.3% during the forecast period. The increasing incidences of strokes and spinal cord injuries are one of the key factors driving the growth of assistive robotics market. The rising insurance coverage for medical exoskeletons and robotic surgeries is another factor driving market growth.

The assistive robotics market was valued at USD 4.1 billion in 2019 and is expected to grow at a CAGR of 22.3% during 2019–2024, to reach USD 11.2 billion by 2024. The increasing prevalence of strokes and spinal cord injuries is one of the key factors driving the growth of the assistive robotics market. Also, the rising insurance coverage for medical exoskeletons and robotic surgeries is likely to act as a major driver for the growth of the assistive robotics market.

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The assistive robotics market is moderately competitive owing to the presence of several regional and global players. Key strategies adopted by these players to enhance their product portfolios, increase their market share, and expand their presence in the market include product launches, partnerships, and collaborations.

• Many market players adopted product launches as a key business strategy. For instance, in May 2018, Intuitive Surgical announced the launch of the da Vinci surgical system for urological surgical procedures, which provides surgeons with robot-assisted technology for deep and narrow access to tissues in the body. The product is compact and embedded with 3D HD wrist cameras to enable high-quality vision, precision, and control.
• Apart from this, players have also adopted partnerships and collaborations to grow their businesses. For instance, in October 2018, Ekso Bionics collaborated with Willmott Dixon (UK), a construction company, to provide EksoVest, an upper-body exoskeleton that supports the arms during lifting.

Intuitive Surgical develops medical robots that are used in surgical procedures. The company mainly focuses on gaining regulatory approvals for its systems and accessories to enter different regional markets, such as Europe and Asia, to expand its global presence. Intuitive Surgical also aims to penetrate new markets by entering into joint ventures with regional companies. For instance, in September 2016, the company entered into a joint venture with the Shanghai Fosun Pharmaceutical Group to conduct R&D activities, manufacture, and sell robot-assisted catheter-based medical devices. This enabled the company to strengthen its base in the APAC market. The strong focus on getting approvals and entering into new markets is expected to enhance the company’s position as a market leader.

Assistive Robotics Market, by Type:

• Physically Assistive Robots
• Socially Assistive Robots
• Mixed Assistive Robots

Cyberdyne is one of the leading players in the assistive robotics market. The company’s product portfolio includes the HAL, along with the cleaning robot and the transportation robot. The company has been running in loss for the last three consecutive years. The total loss of the company for FY 2018 stood at USD 6.1 million. This has significantly affected the growth prospects of the company. The company invests considerably in R&D activities. For instance, in FY 2018, the company invested nearly 48% of its revenue in R&D activities. This huge investment in R&D is explicitly carried out for designing innovative products to fulfill the changing requirements of the customers and for exploring new opportunities in the market to drive its growth and profitability. The company proactively focuses on collaborations to enhance its existing products. For instance, in November 2018, it collaborated with Centro San Girolamo, an Italian rehabilitation institute, to treat patients with diseases and injuries related to the brain nerve system. Such initiatives are likely to help the company maintain a competitive presence in the rehabilitation market.

Related Reports:

Assistive Robotics Market by Mobility, Type (Physically, Socially, Mixed Assistive), Application (Elderly Assistance, Companionship, Handicap Assistance, Surgery Assistance, Industrial, Defense, Public Relations), and Geography - Global Forecast to 2024

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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
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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.

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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)

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