Semiconductor and Electronic Market Research Report Study

Due to huge developments and innovations in technology day-by-day, the Semiconductor and Electronics has become a highly emerging sector. In the present day scenario, many investors are actively investing in latest technologies. Research Report Analysis will help you get more flavors, deep into its market and regions where this technology is experiencing a huge demand. Also, it will help in getting you the "right business at a right time," wherein you will get more $ in revenue.

Friday, 28 October 2022

HVDC Capacitor Market worth $15.3 Billion USD by 2030, at CAGR of 14.4%

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The growth of the HVDC capacitor market can be attributed to rising demand for HVDC transmission systems and increasing adoption of renewable energy sources with rising energy consumption. The growth of the market can be attributed to the rising demand for RF tunable filters in aerospace & defense industry and escalating demand for software-defined radios to be deployed in military communication equipment.

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Key Findings of the Global HVDC Capacitor Market :

1. Hitachi Energy, a subsidiary of Hitachi, Ltd., collaborated with Petrofac, a leading international service provider to the energy industry, to provide joint grid integration and associated infrastructure to support the rapidly growing offshore wind market. The collaboration includes the supply of high-voltage direct current (HVDC) and high-voltage alternating current (HVAC) solutions.

2. TDK Corporation is expected to construct a new production building on the premises of the Kitakami Factory (Kitakami city, Japan) of TDK Electronics Factories Corporation to enhance multilayer ceramic capacitor's production. The construction of the new building is likely to start in March 2023 and be completed in June 2024. The new production buildings are intended to strengthen the production of highly reliable MLCCs for electric vehicles (EVs), automatic driving, and ADAS with increasing demand.

3. KYOCERA AVX Corporation acquired ROHM Semiconductor’s tantalum and polymer capacitor businesses to expand the existing portfolio of electrolytic capacitor solutions for medical, military, and aerospace applications.

What are the Driving Factors of Evolution of technologies and consolidation of HVDC Capacitor Market?

The global HVDC capacitor market is projected to reach USD 15.3 billion by 2030 from an estimated USD 5.2 billion in 2022, at a CAGR of 14.4% from 2022 to 2030.

Increasing demand for Ceramic capacitors are projected to register the highest CAGR during the forecast period

Ceramic capacitors can withstand variations in voltages. Hence, they find applications in resonant circuits in transmitting stations, bypass filters, oscillators, and coupling or decoupling applications. They are cost-effective and can be used to protect semiconductor devices that find applications in the automotive, transportation, consumer electronics, healthcare, energy and power, and telecommunications sectors. Hence, ceramic capacitors are projected to register the highest CAGR during the forecast period.

HVDC Capacitor Market : Top Leading Companies Profiles:
VSC technology is projected to register a higher CAGR during the forecast

VSC is a newer technology based on power transistors. It reduces commutation risk failure due to low voltage requirements. Moreover, it is an ideal technology for submarine/land cable interconnection, integrating renewables, offshore, and urban infeed applications. Hence, VSC technology is projected to register a higher CAGR during the forecast.

Major players in the HVDC capacitor market are Hitachi, Ltd. (Japan), General Electric Company (us), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US), General Atomics (US), LIFASA, International Capacitors, S.A. (Spain), and ELECTRONICON Kondensatoren GmbH (Germany) are some of the key players in the HVDC capacitor market

HVDC Capacitor Market - Geographical Regional Vision by Marketsandmarkets^TM
Europe is projected to account for the largest global market share during the forecast period

Europe is projected to account for the largest global market share during the forecast period attributed to the robust presence of most market players, such as Eaton; LIFASA, International Capacitors, S.A.; ELECTRONICON Kondensatoren GmbH; CONDIS Group; API Capacitors Ltd.; Isofarad Ltd.; HVP High Voltage Products GmbH; and ZEZ SILKO, s.r.o. Europe, being a hub for several automotive companies, such as Mercedes-Benz, BMW Group, Audi AG, Bosch, Continental, and DAF Trucks, is one of the leading markets for HVDC capacitors.

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™

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Flexible Heater Market worth $1.7 billion by 2027, at CAGR of 7.2%

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Rising requirements for innovative heating solutions, focus of OEMs on providing novel and efficient flexible heaters due to surging demand in medical, electronics & semiconductor, automotive & transportation and oil & gas industries are some of the major factors propelling the growth of flexible heater market. The increasing usage of flexible heaters in medical, aerospace, automotive & transportation and electronics & semiconductor are the key factors boosting the growth of the market.

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Industry Trends of the Global Flexible Heater Market:

1. Rogers Corporation acquires Silicone Engineering Ltd., a leading manufacturer of silicone material solution for application in the industrial heater, medical and other markets. Silicone Engineering will provide Rogers center of excellence to service customer requiring premium silicone solutions

2. Elektrotermija was acquired by Backer AB which is member of NIBE group. The company develops and manufactures intelligent, energy-efficient indoor comfort solutions. Elecktrotermija is a producer of electric heaters and devices based out of Serbia.

3. All Flex Flexible Circuits Inc announced etched foil heaters solutions. The need for higher wattage heater other than traditional Kapton, polyimide, or silicone rubber for medical diagnostics is fulfilled by etched foil heaters solution launched by All Flex.

What are the Driving Factors of Evolution of technologies and consolidation of Flexible Heater Market?

The global flexible heater market size is expected to grow from USD 1.2 billion in 2022 to USD 1.7 billion by 2027, at a CAGR of 7.2%.

Increasing demand in Medical industry segment to account second-largest market share during the forecast period.

The flexible heater market for the medical industry accounts the second-largest markets share and is expected to grow at a considerable rate during the forecast period. In the medical industry, the application of flexible heaters is primarily found in ultrasonic cleansers, fluid warmers, warming blankets, sterilization trays, blood warmer, temperature therapy equipment, warming blanket cabinets, dialysis machines, patient warming pads, and various other medical equipment. Increasing demand for such medical and related systems is expected to drive the market for flexible heaters.

Flexible Heater Market : Top Leading Companies Profiles:
Silicone-rubber based type segment is expected to have the largest size of the flexible heater market

The market for silicone rubber-based type held the largest share of the overall market in 2021. This type is also expected to grow at the fastest CAGR during the forecast period. Silicone rubber-based flexible heaters are used in semiconductor systems such as IC test handling equipment, plasma etch systems, photo-resist track systems and probing stations as well as in electronics appliances such as coffee maker, refrigeration equipment and wax maker.

Major players in the flexible heater market are NIBE Industrier(Sweden), Honeywell International(US), Omega Engineering(US), Watlow Electric Manufacturing(UK) and Smiths Group(UK) are the top five players in the flexible heater market globally.

Flexible Heater Market - Geographical Regional Vision by Marketsandmarkets^TMAsia Pacific to grow at the highest CAGR during the forecast period.

Asia Pacific is expected to be the largest contributor to flexible heater market during the forecast period. Rapid industrialization and infrastructure developments are driving the growth of electronics and automotive industries in China, that is expected to increase the demand for flexible heaters in the region.

Wednesday, 26 October 2022

Virtual Production Market expected to reach $5.1 Billion by 2027, at CAGR of 14.5%

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Rising demand for visual effects in movie and television industries, and increasing implementation of LED wall technology play a key role in driving the growth of virtual production market in near future. Establishment of new virtual production studios and rising demand for visual effects in movies and television industries are among the factors driving the growth of the virtual production market.

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Key Findings of the Global Virtual Production Market:

1. Mo-Sys Engineering Ltd. announced the launch of new Virtual Manufacturing courses to meet the rising need for educated technicians in the virtual production industry. This enhanced and comprehensive program has been meticulously crafted and is expected to be taught by the Mo-Sys' Academy.

2. HTC VIVE launched its first turnkey virtual production product, VIVE Mars CamTrack. It makes virtual production fast, easy, and affordable by consolidating the entire camera tracking workflow into a compact, plug-and-play module with professional-grade features. VIVE Mars CamTrack lets actors jump into any number of virtual backdrops in real-time during production, in many cases eliminating the need to shoot onsite and empowering filmmakers to unleash their full creative potential.

3. Technicolor partnered with Paramount Pictures and director Jeff Fowler to bring a fully computer-generated imagery (CGI) Sonic to life in Sonic the Hedgehog 2 in collaboration with Technicolor Creative Studios’ MPC.

What are the Driving Factors of Evolution of technologies and consolidation of Virtual Production Market?

The global virtual production market size is estimated to be USD 2.6 billion in 2022 and is projected to reach 5.1 billion by 2027, at a CAGR of 14.5% during the forecast period.

Increasing demand for VFX and CGI in movies stimulates market growth

In 2021, the software segment accounted for the largest share of the virtual production market. The dominance of the segment is attributed to the increasing demand for VFX and CGI in movies. Continuous organic and inorganic growth strategies adopted by virtual production ecosystem players have enhanced the growth of the market. For instance, in May 2022, Mo-Sys Engineering Ltd. formed a partnership with GMS International to make augmented reality and virtual production solutions available to South Korean cinematographers and broadcasters.

Virtual Production Market by Top Companies Profiles:
Movies segment to capture the lion’s share in the virtual production market

In 2021, the movies segment accounted for the largest share of the virtual production market. The rising trend in moving movies from theaters and multiplexes to over-the-top (OTT) platforms enables producers to access broader audiences. The substantial budgets of movies and increasing demand for VFX-based movies have led to the growth of the movies segment. As stated in the Theme Report 2021 published by the Motion Picture Association, the production of new movies continued to skyrocket post the pandemic. In 2021, approximately 940 films were initiated for production in the US.

Major players in the virtual production market are Adobe Inc. (US), NVIDIA Corporation (US), Sony Group (Japan), Autodesk Inc. (US), Technicolor (France), HTC Corporation (Taiwan), Vicon Motion Systems Ltd (UK), SideFX (Canada), Epic Games (US), Mo-Sys Engineering Ltd. (UK), are some of the key player's company in the market.

Regional Insight by Marketsandmarkets^TM Research:
North America to register higher CAGR during the forecast period

North America accounted for the largest share of the virtual production market in 2021. Growth can be attributed to the presence of the largest movie industry, increasing budgets for movies, and the use of advanced technology in the media and entertainment industry. As stated in the Theme Report 2021 published by the Motion Picture Association, the expected number of US movies that started filming in 2021 was 943, an increase of 111% from those in 2020 when production was halted due to the COVID-19 pandemic.

Global Collaborative Robot Market Analysis [2022-2029] | Industry Size, Share worth $10.5 Billion

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The collaborative robot market is driven by the high Return on Investment (ROI) derived from the deployment of collaborative robots and its benefits for businesses of all sizes in terms of general competitiveness, increased production, and enhanced product quality. In addition, the cobots are easier to program. These factors are paving the way for their rapid adoption in SMEs and large-scale businesses alike.

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Key Findings of the Global Collaborative Robot Market:

1. ABB (Switzerland) expanded its collaborative robot (cobot) portfolio with the new GoFa and SWIFTI cobot families, offering higher payloads and speeds, to complement YuMi and Single Arm YuMi in ABB’s cobot line-up. These stronger, faster and more capable cobots will accelerate the company’s expansion in high-growth segments including electronics, healthcare, consumer goods, logistics and food and beverage, amongst others, meeting the growing demand for automation across multiple industries.

2. Techman Robot (Taiwan), a global leader of the collaborative robot opened its first office in Europe, dedicated to providing instant services, training courses, and also as an inventory hub. The new office is located in the Netherlands, which allows Techman Robot to respond effectively to the growing needs of their partners and customers in Europe, and also supports more local businesses that are interested in implementing robotic solutions.

3. Universal Robots (Denmark) and Mobile Industrial Robots (Denmark) together announced expansion into a new cobot hub in Odense, Denmark, with the financial backing of their parent company, Teradyne (US). The new hub will help attract new employees to facilitate the continued growth expected by the two companies in the coming years.

What are the Driving Factors of Evolution of technologies and consolidation of Collaborative Robot Market?

The collaborative robot market is projected to grow from USD 1.2 billion in 2021 and is projected to reach USD 10.5 billion by 2027; it is expected to grow at a CAGR of 43.4% from 2021 to 2027.

“Cobots with payload capacity up to 5 kg expected to hold the largest share of the market during the forecast period”

Cobots with payload capacity up to 5 kg are expected to hold the largest share of the collaborative robot market during the forecast period. First-time users prefer low payload capacity cobots, which are cheaper and take up less space than robots with higher payload capacity. These cobots are often already fitted with grippers, reducing the hassle of integration and programming for the end user. Another benefit of these cobots is that they are easily re-deployable and take up minimal space when compared to higher payload cobots.

Collaborative Robot Market by Top Companies Profiles:
Automotive industry to maintain the largest share of collaborative robot market during the forecast period

The automotive industry is one of the largest users of collaborative robots. In automotive manufacturing, collaborative robots are used for a variety of applications such as handling, welding, assembling and disassembling, welding, dispensing extensively. Amongst these applications, welding has been one of the first and most popular applications of collaborative robots in the automotive industry.

Major players in the collaborative robot market are Universal Robots (Denmark), FANUC (Japan), ABB (Switzerland), Techman Robot (Taiwan), KUKA (Germany), Doosan Robotics (South Korea), Denso (Japan), YASKAWA (Japan), Precise Automation (US), Rethink Robotics (US), MABI Robotic (Switzerland), FrankaEmika (Germany), Comau (Italy), F&P Robotics (Switzerland), Stäubli (Switzerland), Bosch Rexroth (Germany), Productive Robotics (US). Apart from these, Wyzo (Switzerland), Neura Robotics (Germany), Elephant Robotics (China), ELITE ROBOT (China), Kassow Robots (Denmark), MIP Robotics (France) are among a few emerging companies in the market.

Regional Insight by Marketsandmarkets^TM Research:
Asia Pacific to register higher CAGR during the forecast period

These industries are a major demand generator for the adoption of collaborative robots. China is also aiming to become self-sufficient in the manufacture of collaborative robots. Other APAC countries such as Taiwan and Thailand are also not far behind in terms of adopting automation through the integration of cobots to seek a cost advantage, in the wake of rising labour costs. The automotive and electronics industries from the APAC region are the major demand generators for the adoption of collaborative robots.

Thursday, 20 October 2022

District Heating Market Worth $226.5 Billion USD by 2027, registering a CAGR of 6.2%

The report "District Heating Market by Heat Source (Coal, Natural Gas, Renewables, Oil & Petroleum Products), Component (Boiler, Heat Exchanger), Plant Type (Boiler Plants, CHP), Application (Residential, Commercial, Industrial) and Region - Global Forecast to 2027" The global district heating market is estimated at USD 167.8 Billion in 2022 and is projected to reach USD 226.5 Billion by 2027, registering a CAGR of 6.2% during the forecast period. Increasing demand for energy-efficient and cost-effective heating systems, growing urbanization and industrialization, and increasing integration of renewable energy in district heating are attributed to the demand of district heating for heating the spaces.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107420661

Browse 175 market data Tables and 45 Figures spread through 210 Pages and in-depth TOC on "District Heating Market by Application (Residential, Commercial, Industrial) and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/district-heating-market-107420661.html

District Heating Market

By Heat Source: Natural gas segment to propel market growth

In 2021, the natural gas segment held the largest share of ~32% in the district heating market. This growth is attributed to the increasing awareness about environmental pollution, initiatives taken by governments for environmental stability, and the power generation sector adopting natural gas as the heat source over fossil fuels, considering the environmental causes. Natural gases offer numerous benefits over other heat sources such as less harmful effects on the surroundings and fewer carbon emissions with exceptional efficiency. Also, several ecosystem players are using natural gas as the heat source in the generation of district heating energy. For instance, the Serbia-based Novi Sad Heating Plant uses natural gas as a primary heat source for the generation of heat energy. The plant consumes about 1 million MWh of heat energy a year. The overall production system efficiency is ~96%, while the distribution system’s efficiency is ~90%.

By Plant Type: CHP segment to grow at the fastest CAGR in district heating market

CHP plants accounted for the largest share of the market (~60%) in 2021 and are also expected to witness the highest CAGR of 6.9% during the forecast period. CHP heat sources reduce fuel use, help avoid the need for new transmission and distribution infrastructure, and ease grid congestion when the demand for heating is high. Also, the key advantages of CHP include improved energy efficiency, reduced carbon emissions, integration of renewable energy sources, lower operating costs, and improved resilience of critical infrastructure and the electric power system. These factors are expected to drive the growth of the district heating market for CHP plants.

By Application: Residential application accounted for the largest share of the district heating market

The residential application segment accounted for the largest market share of ~50% in 2021 and is also expected to witness the highest CAGR of 6.9% during the forecast period. This growth is attributed to the growing awareness about the benefits of district heating used in residential properties. These benefits include lower maintenance and energy bills, advanced indoor comfort, and hot water on demand 24 hours a day. District heating can also improve the energy ratings of households connected to it, potentially increasing their value.

Europe likely to emerge as the largest share holding region in district heating market during forecast period

Europe held the largest share of ~67% in the district heating market in 2021 and the same trend is expected in the near future. The market growth in this region is predominantly rising due to the strong presence of key district heating manufacturers such as Fortum, Vattenfall, ENGIE, Denmark, Statkraft, LOGSTOR, and Vital Energi. In Europe, the residential application accounted for the largest market share (~52%) in 2021 and is also expected to witness the highest CAGR of 4.3% during the forecast period. The high growth rate of the district heating market for the residential application is mainly due to the growing self-build and custom-build trends in the domestic sector, wherein house owners are involved in the specification of their new homes and are willing to invest more at the initial level to appreciate long-term benefits.

Additionally, due to long Scandinavian winters, district heating is implemented throughout the year providing heat and warm water for cooking and keeping oneself warm and healthy. Moreover, growing environmental and energy-efficiency concerns are likely to have a significant impact on the implementation of district heating in the residential application as European countries move toward a low-carbon economy. This factor has spurred the demand for district heating for residential applications.

Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway), LOGSTOR (Denmark), Vital Energi (UK), Kelag (Austria), SHINRYO CORPORATION (Japan) are some of the key players in the district heating market.

Don’t miss out on business opportunities in District Heating Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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:
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Dell Technologies (US) and IBM (US) are the Key Players in the IT Asset Disposition Market, growing at a CAGR of 8.7%

IT asset disposition market size is valued at USD 15.5 billion in 2022 and is anticipated to be USD 23.5 billion by 2027; growing at a CAGR of 8.7% from 2022 to 2027. Factors such as need for data and information security at old assets and need to comply with regulatory compliances meant for environment safety are driving the growth of the market during the forecast period.

To know about the assumptions considered for the study, download the pdf brochure

Hewlett Packard Enterprise (US) secured the first position and held a 10–13% share of the IT asset disposition market in 2021. Strong IT asset disposition product portfolio is one of the key factors that led to its leading position in the IT asset disposition market. The company, under its HPE Asset Upcycling Services, provides various IT asset disposition-related services, including data cleansing, secure end-to-end logistics, automated pickup requests, and serialized asset tracking and testing. Hewlett Packard Enterprise offers various investment solutions and also has expertise in managing technology assets. This factor gives it a competitive edge in the IT asset disposition market as it is able to help customers in procuring unique/updated technology solutions as well as extracting value from existing IT investments. Besides a robust product portfolio, the company also has strong geographic presence and customer base. Its IT asset disposition services are being used by various organizations. For instance, Gloucestershire Care Services NHS Trust (UK) used the HPE Asset Upcycling Services for ensuring that its retired technology is processed in an environmentally sound manner while safeguarding its patient data.

Dell Technologies (US) ranked second and held an 8–10% share of the IT asset disposition market in 2021. Strong brand name, product portfolio, wide geographic presence, and substantial expertise in handling IT assets are the key factors that have led to its substantial share in the IT asset disposition market. The company has a wide portfolio of IT asset disposition services starting from picking-up of IT assets from doorstep to IT asset recycle/resale. Dell Technologies has a very strong grip on the North America IT asset disposition market, and a substantial portion of its revenue gets generated from the US. However, the company also has a significant presence in other regions. For instance, the company has a noteworthy presence in over 30 European countries. Dell is further trying to expand its services by indulging in agreements and partnerships.

IBM (US) ranked third and held a 6–9% share of the IT asset disposition market in 2021. The company’s strength lies in its diverse portfolio. It provides services such as product recycling, battery recycling, asset buyback, and asset disposal. The company offers remanufacturing, disposal, and scrapping services under IBMs Global Asset Recovery Services (GARS) unit. The ability of IBM GARS to remanufacture IT assets in all geographic areas can help the company yield both financial and environmental benefits. IBM Italia has a participation agreement with the European Advanced Recycling Network (EARN) for the purpose of compliance with local requirements for the environmentally responsible collection, recycling, and disposal of Waste Electrical and Electronic Equipment recycling (WEEE). Moreover, IBM has implemented the Asset Recovery Services (ARS) program to treat IT hardware and optime reuse and recycling.

Related Reports:

IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region - Global forecast to 2027

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

Wednesday, 19 October 2022

Rockwell Automation Inc. (US) and Siemens AG (Germany) are in the Human Machine Interface Market

The global HMI market size is expected to grow from USD 4.9 billion in 2022 to USD 7.3 billion by 2027, at a CAGR of 8.1%. Growing adoption of Industry 4.0 across industries, increasing number of initiatives by governments across the world for promoting adoption of operational technologies, and rapidly growing necessity for real-time data analysis are the key factors driving the HMI market.

To know about the assumptions considered for the study download the pdf brochure

The key players operating in the HMI market include the major players which operates in different stages in the entire value chain of HMI; these players are Rockwell Automation Inc. (US), ABB (Switzerland), Honeywell International Inc. (US), Schneider Electric SE (France), and Siemens AG (Germany). For staying competitive in the market and to increase their footprint in the global market, these players have adopted various types of strategies including increasing investments in R&D (research & development) and new product launches, increasing number of acquisitions, mergers, partnerships, and strategic alliances, and planned geographic expansions etc.

ABB outlays massive amounts in R&D to thrive in the stiff competitive environment. In FY 2021, its R&D expenditure was USD 1.2 billion, which was 4.2% of its total revenue. A significant portion of ABB’s R&D investment is utilized for its industrial automation business, which develops HMI solutions. The company has focused on resolving industry challenges, such as improving access to resources, including power, water, and raw materials, while lowering the environmental impact. The company has launched the ABB Adaptive Executions, which will help leverage its expertise in advanced industrial technologies, agile methodologies, and digital intelligence and reduce capital expenditure.

Rockwell Automation has been focusing on growth through organic strategies, with product launches and product developments adopted by the company. The company has been investing a significant portion of its revenue in R&D, which not only allows it to launch new technologies related to industrial automation solutions but also improve the existing ones. As the demand for industrial automation solutions has risen exponentially in the past decade, Rockwell Automation is tapping into the growing HMI market in developing countries such as China and India.

The company focuses on strategic business expansions in emerging economies, especially Asia, to expand its customer base. In May 2018, Schneider Electric acquired the Electrical and Automation business of Larsen & Toubro to expand its automation footprint in India. Moreover, the collaboration with ENGIE in 2017 helped Schneider Electric leverage the expertise of ENGIE in remote monitoring and diagnostics solutions used in field instruments that use industrial sensors.

Siemens spends a significant portion of its revenue on R&D activities. For instance, it spent 8.0%, 8.3%, and 7.8% of its overall revenue on R&D activities in 2019, 2020, and 2021, respectively. It has been adopting organic and inorganic strategies to stay ahead in the HMI market. In 2020, Siemens partnered with Salesforce to develop a new workplace technology suite that will support businesses globally to safely reopen and deliver the future experience for physical workplaces.

Related Reports:

Human Machine Interface (HMI) Market by Product (Hardware (Basic HMI, Advanced PC Based HMI, Advanced Panel Based HMI) and Software(On Premise HMI and Cloud Based HMI), Configuration (Embedded HMI, Standalone HMI) and Region - Global Forecast to 2027

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

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