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.

Tuesday, 1 November 2022

IoT Sensors Market worth $29.6 Billion USD by 2026, at CAGR of 28.6%

Attractive Opportunity: Supercharge your Visualization

Increasing use of sensors in IoT applications due to cost and size reduction, and technological advancement, and Introduction of 3GPP Release 13 and Release 14 specifications are the key factors driving the growth of the IoT sensors market. The Growth of Internet penetration rate and High demand for connected and wearables devices are factors propelling the growth of the IoT sensors market.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26520972

Industry Trends of the Global IoT Sensors Market:

1. Texas Instruments launched the industry’s first zero-drift Hall-effect current sensors. The TMCS1100 and TMCS1101 enable the lowest drift and highest accuracy over time and temperature while providing reliable 3-kVrms isolation, which is especially important for AC or DC high-voltage systems, such as industrial motor drives, solar inverters, energy storage equipment, and power supplies.

2. TE Connectivity launched LVDT position sensors. These sensors offer standard and custom solutions based on hydraulic application requirements of ICT off-highway equipment and industrial machine tools.

3. NXP Semiconductors announced the acquisition of the wireless connectivity assets from Marvell (NASDAQ: MRVL).

What are the Driving Factors of Evolution of technologies and consolidation of IoT Sensors Market?

The IoT sensors market size is expected to reach USD 29.6 billion by 2026 from USD 8.4 billion in 2021, at a CAGR of 28.6% during the forecast period.

Pressure sensor to hold the largest share of the IoT sensors market in 2020

The market for pressure sensors is largely driven by increased concerns regarding safety, comfort levels, and reduction in automobile emissions. The regulatory mandates requiring the compulsory installation of onboard diagnostics to reduce greenhouse gas emissions will further lead to growth in demand for pressure sensors.

IoT Sensors Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
The market for the Industrial IoT vertical to hold the largest share of the IoT sensors market in 2020

The key factor fueling the growth of the industrial IoT segment of the IoT sensors market is the requirement to implement predictive maintenance techniques in different industries to monitor the working of industrial equipment to avoid unscheduled downtimes in production cycles. The intelligent wireless sensors constantly monitor parameters of critical processes in industrial environments, thereby leading to the increased operational efficiencies of industries.

Major players in the IoT Sensors Market are Texas Instruments (US), TE Connectivity (Switzerland), Broadcom (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Bosch Sensortec (Germany), TDK (Japan), Infineon Technologies (Germany), Analog Devices (US), Omron (Japan) are the key players in the market.

IoT Sensors Market - Geographical Regional Vision by Marketsandmarkets^TM
APAC is expected to hold the largest market share during the forecast period

Countries such as India, China, Japan, South Korea, and Australia are key contributors to the growth and the development of the IoT sensors market in APAC. The growing penetration of the Internet across commercial and residential spaces, along with broadening consumer base, increasing disposable income of the masses, and improving IT infrastructures are some key determinants supplementing the growth of the IoT sensors market in APAC.

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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Monday, 31 October 2022

Digital Textile Printing Market worth $2.31 Billion USD by 2023, at CAGR of 5.59%

Attractive Opportunity: Supercharge your Visualizations

The major factors driving the growth of the digital textile printing industry include the growing demand for sustainable printing; increasing demand for digital textile printing in the garment and advertising industries; shortening lifespan and faster adaptability of fashion designs; development of new technologies in the textile industry; reduced per unit cost of printing with digital printers, and growth of the e-commerce industry.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69083468

Industry Trends of the Global Digital Textile Printing Market:

1. The major factors driving the growth of the market include the growing demand for sustainable printing; increasing demand for digital textile printing in the garment and advertising industries; shortening lifespan.

2. Faster adaptability of fashion designs; development of new technologies in the textile industry; and reduced per unit cost of printing with digital printers.

3. The market for roll to roll printing process held the largest market share in 2017. In 2017, the roll to roll printing process accounted for more than two-third of the digital textile printing market.

What are the Driving Factors of Evolution of technologies and consolidation of Digital Textile Printing Market ?

The digital textile printing market was valued at USD 1.67 Billion in 2017 and is expected to reach USD 2.31 Billion by 2023, at a CAGR of 5.59% during the forecast period.

Roll to Roll printing process expected to hold the largest market share by 2023

The roll to roll printing process is expected to hold the largest share of the digital textile printing market during the forecast period. Currently, the roll to roll printing process accounts for more than two-thirds of the digital textile printing market and is majorly used in textile & decor, soft signage, and industrial applications. The major applications in textile & decor are home textile, upholstery, linens, drapery, scarves, ties, bags, sportswear, footwear, clothes, interior decor, etc. Applications in the soft signage and industrial segments include carpets, posters, banners, flags, vehicle wrapping, wallpaper, building material, POS display, etc.

Digital Textile Printing Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
Direct to Garment application to grow at highest rate during forecast period

The direct to garment application is estimated to register the highest CAGR during the forecast period. Fast moving fashion cycles, cost advantage on short run cycles, creative designs, quick time to market for new trends, reduced wastage, and low power consumption are some of the major factors which will drive the market for direct to garment applications. According to industry experts, the future of fashion is all about customization.

Major players in the Digital Textile Printing Market are Aeoon Technologies GmbH (Austria), ATPColorSrl (Italy), Bordeaux Digital PrintInk Ltd. (Israel), Durst Phototechnik AG (Italy), Hollanders Printing Systems B.V. (Netherlands), Kornit Digital (Israel), SPGPrints B.V. (Netherlands), Brother International Corporation (Japan), Colorjet Group (India), d.gen Inc. (South Korea), Konica Minolta, Inc. (Japan), Mimaki Engineering Co., Ltd. (Japan), Mutoh Holdings Co. Ltd. (Japan), Ricoh Company Ltd (Japan), Roland DG Corporation (Japan), Seiko Epson Corporation (Japan), DuPont (US), Electronics For Imaging, Inc. (US), and Huntsman International LLC (US).

Digital Textile Printing Market - Geographical Regional Vision by Marketsandmarkets^TM
Europe likely to hold the largest share of digital textile printing market during forecast period

Europe is expected to hold the largest share of the digital textile printing market during the forecast period owing to the economic recovery and increased growth in the printing industry. Digital textile printers are increasingly being deployed in Europe to meet the need for faster turnaround times, shorter runs, and more variable data printing with high quality. The use of digital textile printers in the fashion industry is another factor driving the growth of this market in this region.

Industrial Control & Factory Automation Market worth $218.8 billion by 2027, at CAGR of 8.2%

Attractive Opportunity: Supercharge your Visualizations

Increasing adoption of technologies such as AI and IoT in industrial environments, increasing number of government initiatives to promote industrial automation, and rising need for augmented reality and virtual reality technologies are major factors driving the growth of the industrial control & factory automation market. Additionally, growing adoption of smart manufacturing techniques across process and discrete industries is another key driver for the market.

Have a glance of the ReportDownload PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541

Industry Trends of the Global Industrial Control & Factory Automation Market:

1. Dwyer Instruments introduced the Series 685 differential pressure transmitter targeted for installers and maintenance professionals. They feature a user-configurable response time and can be mounted in any orientation. They do not require any separate calibration devices.

2. Yokogawa introduced the OpreX Vortex Flowmeter VY Series. These flowmeters are designed to handle a wider range of temperatures, fluid types, and pressure. They could perform precise temperature and pressure-compensated calculations by utilizing the data from pressure gauges and readings from a built-in temperature sensor.

3. Emerson launched MTConnect, an industrial control platform driver for enabling easy integration of computer numerical control (CNC) machines with modern data analysis automation environments. This allows collection of data from machines, robots, tools, and devices, which could not previously be cumulatively analysed in one platform. The new driver offers reduced downtime, improved efficiency, and increased productivity.

What are the Driving Factors of Evolution of technologies and consolidation of Industrial Control & Factory Automation Market?

The global industrial control & factory automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%.

Industrial 3D printing to grow at the highest growth rate during the forecast period

Industrial 3D printing is used in tooling, robotics, and special machinery applications. The manufacturing of tools is an expensive and time-consuming process, but it can be simplified using industrial 3D printing. Tools with highly complex designs can be easily manufactured, thereby eliminating the need for an assembly line, and helping to reduce labor costs. The development of new materials is expected to contribute to the increased adoption of industrial 3D printing globally.

Industrial Control & Factory Automation Market : Top Leading Companies Profiles Key Benefits For Stakeholders:
Among discrete industries, the medical device industry is expected to register the highest growth during the forecast period

The growth of the medical device industry is driven by continuous innovations and technological advancements in the field of healthcare. The industry has witnessed significant growth owing to the development of state-of-the-art medical devices equipped with novel technologies. Manufacturers operating in this industry are adopting innovative solutions to enhance their overall manufacturing processes and increase operational efficiency, thereby increasing the adoption of industrial control & factory automation solutions in this domain.

Major players in the Industrial Control and Factory Automation Market are ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser (Switzerland), Honeywell (US), Rockwell Automation (US), and General Electric (US).

Industrial Control & Factory Automation Market - Geographical Regional Vision by Marketsandmarkets^TMAsia Pacific held the largest share of the industrial control & factory automation market

The industrial control & factory automation market in Asia Pacific held the largest share (35.9%) of the overall market in 2021. The growth of the market in this region can be attributed to the increasing adoption of industrial automation technologies, especially across China and India. The growth of the market in China stems from the increase in labor wages and the presence of numerous automobile manufacturing plants in the country.

Construction Robot Market worth $166.4 Million USD by 2023, at CAGR of 16.8%

Attractive Opportunity: Supercharge your Visualizations

The market is mainly driven by the factors such as enhanced productivity, quality, and safety due to the implementation of construction robots and growing urbanization worldwide. Construction robot market refers to the reduction or complete removal of human intervention from main construction automation activities in many of the applications, such as public infrastructure, commercial and residential buildings, and nuclear dismantling and demolition. The construction operations are automated by using automated construction equipment or construction robots.

Download PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266557111

Industry Trends of the Global Construction Robot Market:

1. Husqvarna Group’s Construction Division agreed to acquire the Light Compaction & Concrete Equipment business of Atlas Copco (Sweden). The acquisition was expected to support the overall ambition of Husqvarna Group, growing the market share of the construction division.

2. Fastbrick Robotics raised USD 27.6 million with the support of Global Institutional Funds and Domestic Funds. The key focus is on the assembly, testing, and demonstration of the 2 Hadrian X commercial prototypes being built.

3. Ekso Bionics raised USD 34 million of gross proceeds, which includes the investment of USD 20 million by Puissance Capital Management (US). The company raised the fund in fully financed rights offerings. The capital raised through this financing was expected to provide the company with additional resources to further advance the adoption and development of its innovative exoskeleton solutions in both the rehabilitation and industrial verticals.

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

Theconstruction robot market is valued at USD 76.6 Million in 2018 and is expected to reach USD 166.4 Million by 2023, at a CAGR of 16.8% between 2018 and 2023.

Semi-autonomous construction robots held larger share of overall market

The semi-autonomous construction robots held a larger share of ~67.1% of the overall construction robot market in 2017. The need for broader and more efficient infrastructure, and improved infrastructure monitoring for predictive and corrective maintenance are the factors driving the market for the semi-autonomous construction robots.

Construction Robot Market : Top Leading Companies Profiles:
Construction robot market for exoskeleton to grow at highest CAGR during forecast period

The market for exoskeleton is expected to grow at the highest CAGR during the forecast period. The high growth of this segment can be attributed to the fact that most of the construction companies are expected to adopt exoskeletons for their workers to address the issue of labor shortage. The deployment of exoskeletons is likely to help workers to perform heavy work easily; hence, the use of exoskeleton is expected to improve work environment at construction sites.

Major players in the flexible heater market are Brokk (Sweden), Husqvarna (Sweden), Ekso Bionics (US), Komatsu (Japan), Fujita (Japan), Construction Robotics (US), Fastbrick Robotics (Australia), Autonomous Solutions (US), Conjet (Sweden), TopTecSpezialmaschinen (Germany), Apis Cor (Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun) (China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe Construction (Netherlands), CYBERDYNE (Japan), Giant Hydraulic Tech (China), Alpine Sales and Rental (US), and Beijing Borui Intelligent Control Technology (China).

Construction Robot Market - Geographical Regional Vision by Marketsandmarkets^TM
Europe is a major consumer of construction robots

Europe accounted for a major share of the overall construction robot market in 2017. The largest size of the European construction robot market is attributed to the large facilities of various companies for the development and production of the construction and demolition robots, increasing number of government regulations, and growing need for the residential and non-residential construction projects. Also, the European construction market is expected to grow tremendously in the coming years. The high rate of industrialization has increased the extent of construction activities in the region, leading to increasing demand for advanced construction equipment, such as robots.

RF Signal Chain Components Market worth $72.9 Billion USD by 2027, at CAGR of 13.3%

According to the new market research report "RF Signal Chain Components Market by Product (Filters, Diplexers), Frequency Band (Ka Band, Ku Band), Material Type (Gallium Arsenide, Gallium Nitride), Application (Consumer Electronics, Telecom Infrastructure), and Region-Global forecast to 2027" The global RF signal chain components market size is projected to grow from USD 39.0 billion in 2022 to USD 72.9 billion by 2027; it is expected to grow at a CAGR of 13.3% from 2022 to 2027. The key factors contributing to the growth in RF signal chain components market growing investments in 5G infrastructure, increasing demand of RF components from defense sector and rising demand for smartphones. However, high cost of GaN-based RF devices is hindering the growth of RF signal chain components market. Increasing number of trade legalization due to geopolitical factors possesses a huge challenge to the industry. However, growing focus on RF equipment from automotive sector and increase in number of space programs worldwide is the biggest opportunity in the market space during the forecast period.

Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234495624

Browse 164 market data Tables and 59 Figures spread through 262 Pages and in-depth TOC on "RF Signal Chain Components Market and Region-Global forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/rf-signal-chain-components-market-234495624.html

Increased demand for consumer electronics to drive market growth

Increasing demand for low-noise amplifiers from the smartphone industry, the rising adoption of long-term evolution (LTE) technology, the surging adoption of E band to meet the increasing bandwidth requirements of the space, defense, and wireless communication infrastructure sectors, and the growing defense expenditure of different countries globally are the factors leading to the increased adoption of low-noise amplifiers in the RF signal chain components market. Low-noise amplifiers are used in smartphones to improve the reception of weak signals and enhance smartphone data transfer rates. To enhance the mobile broadband experience for customers, telecom operators are continuously developing their 4G networks by deploying LTE-advanced technologies. Additionally, low-noise amplifiers are used as an important block in designing receivers for LTE networks.

K band use by meteorologists, police, and law enforcement agencies to boost market growth

K band frequencies range from 18 to 27 GHz with wavelengths from 1.11 to 1.67 cm. Meteorologists mainly use this band to gather cloud and weather-related information, while the police and law enforcement agencies measure the speed of automobiles. Several non-law enforcement radar sources operate in this frequency range, including automatic door openers and some blind-spot monitoring systems installed on vehicles. This has given the K band a reputation for a high percentage of false alerts, leading to recommendations for disabling it entirely to reduce false alerts.

High input power survivability eliminates requirement for power limiters

Gallium nitride (GaN) is an emerging alternative for pure silicon in the field of semiconductors and electronics due to its high brightness emissions and intensities in opto-semiconductors, high power efficiency, superior high-frequency handling capacity, and flexibility to be used along with various substrates such as silicon, sapphire, and silicon carbide (SiC). Gallium nitride is a very hard and mechanically stable semiconductor material with a wide bandgap, high heat capacity, and thermal conductivity. In September 2019, Qorvo, Inc. announced that Lockheed Martin had selected one of its gallium nitride power amplifiers to manufacture the Q-53 radar system of the US Army.

Rise in demand for carrier frequencies to provide high-quality telecom infrastructure

Increased data consumption with advancements in portable electronic technology in the form of voice and data, as well as streaming, uploading, and downloading of videos, have been witnessed. As a result, there is a rise in demand for carrier frequencies to provide high-quality wireless communication infrastructure. These carrier frequencies are expected to provide large bandwidth and micro or pico-cellular networking structure. RF signal chain components such as switches are vital in addressing these challenging requirements. Furthermore, increased data requirements challenge the capacity of backhauls. The deployment and adoption of 5G infrastructure are expected to lead carrier frequency operators to resort to microwave backhauls. RF power amplifiers are used to cater to the requirements of microwave backhauls. Power amplifiers also play a vital role in the radio front end due to their increased impact on a system's power consumption and linearity. As a result, the demand for RF power amplifiers is expected to increase in the future with the expansion of wireless infrastructure across the world.

Asia Pacific to hold the largest market share during the forecast period

Asia Pacific is a major producer of consumer electronics such as smartphones, tablets, laptops, televisions, etc. Asian countries such as China, Japan, South Korea, and India are also witnessing the commercial deployment of the 5G network. Samsung, Huawei, Vivo, Honor, OPPO, Xiaomi, and OnePlus are among the leading providers of 5G-enabled smartphones in the region. The rising demand for these smartphones is expected to fuel the demand for RF signal chain components market during the forecast period.

The key players operating in the RF signal chain components market are Qorvo, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Skyworks Solutions, Inc. (US), Broadcom (US), Analog Devices, Inc. (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

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

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Friday, 28 October 2022

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

Attractive Opportunity: Supercharge your Visualizations

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.

Download PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175421495

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.

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

Attractive Opportunity: Supercharge your Visualizations

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.

Download PDF@https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51373429

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.

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