Thursday 30 April 2020

Construction Robot Market worth 166.4 Million USD by 2023

According to the new market research report on the "Construction Robot Market by Type (Traditional, Robotic Arm, and Exoskeleton), Automation, Function, Application (Public Infrastructure, Commercial and Residential Buildings, Nuclear Dismantling and Demolition), and Geography - Global Forecast to 2023", the construction 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. 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.

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Browse 66 market data Tables and 32 Figures spread through 128 Pages and in-depth TOC on "Construction Robot Market"
 
The report profiles the most promising players in the market. The competitive landscape of the market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Brokk (Sweden), Husqvarna (Sweden), Ekso Bionics (US), Komatsu (Japan), Fujita (Japan), Construction Robotics (US), Fastbrick Robotics (Australia), Autonomous Solutions (US), Conjet (Sweden), TopTec Spezialmaschinen (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 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.

Semi-autonomous construction robots held larger share of overall market in 2017

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.

Europe is 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.

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Tuesday 28 April 2020

Augmented Reality Market expected to reach $72.7 billion by 2024

The report "Augmented Reality Market by Offering (Hardware (Sensor, Displays & Projectors, Cameras), Software), Device Type (Head-mounted, Head-up), Application (Enterprise, Consumer, Commercial, Healthcare, Automotive), and Region - Global Forecast to 2024", is estimated to grow from USD 10.7 billion in 2019 and projected to reach USD 72.7 billion by 2024; it is expected to grow at a CAGR of 46.6% from 2019 to 2024. The healthcare sector has witnessed rapid technological advancements over the years, and various kinds of advanced imaging equipment have been introduced in the healthcare sector. The healthcare sector has one of the most important and practical applications of AR in the current market scenario.

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Browse 102 market data Tables and 46 Figures spread through 191 Pages and in-depth TOC on "Augmented Reality Market"
 
Major players in the augmented reality market are Google, Inc. (US), PTC, Inc. (US), Microsoft Corporation (US), Seiko Epson (Japan), Lenovo (China), Wikitude GmbH (Austria), Vuzix (US), Daqri Llc (US), Magic Leap, Inc. (US), Zugara, Inc. (US), Blippar (UK), Upskill (US), and Maxst (South Korea). Other players operating in the augmented reality market include Atheer, Inc. (US), Pristine, Inc. (US), Marxent Labs, Llc. (US), Inglobe Technologies (Italy), Meta Company (US), Augment (France), Niantic (US), Sixense Entertainment (US), Intel Corporation (US), Apple Inc. (US), Infinity Augmented Reality, Inc. (Israel), Facebook Corporation (US), Samsung Electronics Co. Ltd. (South Korea), Realwear (US), Dynabook Americas, Inc. (US), and Optinvent (France).

“AR HUDs is the most attractive segment that is gaining attention in augmented reality market”

The use of AR HUDs in automobiles ensures comfort and safe driving. AR-based HUDs allow drivers to see the virtual information projected on the display. The rising demand for AR HUDs and projectors is driving the AR market. AR-based HUD technology also enables advanced driver assistance systems (ADAS) with visual warning features. The optical system of AR-based HUDs shows a realistic view of the surroundings, provides lane departure warning, assists in lane guidance control, displays information on fuel level and distance between vehicles, and indication for parking space availability in real time to the driver.

“Augmented reality market in APAC expected to grow at highest CAGR during forecast period

The augmented reality market in Asia Pacific is expected to grow at the highest rate in sectors such as healthcare, commercial, and consumer. The increasing number of AR players in the region would boost the growth of the AR market. The high growth in commercial and consumer markets is driving the growth of the AR market in APAC. The region is an attractive market for cell phones, tablets, laptops, and television manufacturers. Companies such as Samsung and LG are based in South Korea, while Sony, Sharp, and Panasonic are based in Japan. APAC registers the highest demand for consumer electronics such as smartphones, tablets, laptops, and TVs owing to the high growth witnessed by emerging economies such as China and India, and positive growth by other APAC countries such as Taiwan, Indonesia, Singapore, and Malaysia.

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Remote Monitoring and Control Market worth 27.11 Billion USD by 2023

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

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Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on
"Remote Monitoring and Control Market"
 
The major players involved in this market include Emerson Electric Co. (US), Honeywell International Inc.  (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc.  (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd.  (Japan).

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assetsand rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

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.

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Monday 27 April 2020

Automatic Labeling Machine Market worth $2.9 billion by 2024

According to the new market research report Automatic Labeling Machine Market by Type (Self-Adhesive/Pressure-Sensitive Labelers, Shrink Sleeve Labelers and Glue-Based Labelers), Industry (Food & Beverages, Pharmaceuticals, Consumer Products, Personal Care), Geography - Global Forecast to 2024”, the automatic labeling machine market is expected to be valued at USD 2.5 billion in 2019. It is expected to grow USD 2.9 billion,at a CAGR of 3.6% from 2019 to 2024. The factors that are driving the growth of the market include the increasing demand for automation in the food industry and the growing need for packaging solutions.

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Browse 35 market data Tables and 37 Figures spread through 122 Pages and in-depth TOC on
"Automatic Labeling Machine Market"
Major players included in the automatic labeling machine market are Krones (Germany), SACMI (Italy) and Sidel (Italy). The other key players in this market include companies such as HERMA (Germany), KHS (Germany), Fuji Seal (Japan), ProMach (US), Marchesini Group (Italy), IMA Group (Italy), Accutek (US), and Barry-Wehmiller (US), among others.

“Shrink-Sleeve labelers expected to grow at the highest CAGR in global automatic labeling machine market“

Shrink sleeve labelers are a relatively new type of machine in the automatic labeling machine market which has been making a name for itself in the label industry as these machines uses labels which leads to full body design allowing for more graphics, impact, and color. The shrink-sleeve labelers are booming in the market as the sleeve film is sensitive to light, abrasion resistant, durable, and waterproof. These labels can be easily removed from the containers and bottles, allowing the container/bottle to be reused. The sleeve film is environment-friendly as there is no need for glue which does not lead to any hazardous waste and this film is easily recyclable. Although the shrink sleeve labelers are most costly than other labeling machines, it is the best way to provide the maximum brand promotion and awareness among the customers.

“Food & beverages industry is expected to exhibit the highest growth from 2019 to 2024”

The fast-changing food & beverages industry across the world requires automatic labeling machines to a great extent. Improved economic conditions in emerging countries, purchasing parity, increasing health awareness, change in dietary habits, rising demand for nutritious food, and adoption of automated technology in labeling are the significant factors which are expected to further fuel the growth of global food & beverages processing and packaging machinery industry.

“APAC expected to be the fastest-growing automatic labeling machine market from 2019 to 2024”

The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the market during the forecast period is expected due to the development of the packaging machinery industry, demand for automated labeling solutions, increasing consumer awareness regarding packaging, the demand for packaging in the food industry, and the need for high speed & high-quality labeling solutions. On the other hand, China and Taiwan were the major markets in Asia Pacific in 2018 as they are one of the major exporters of the low-speed machines capturing the large share of the market.

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.

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Friday 24 April 2020

AS-Interface Market worth 1,158.5 Million USD by 2023

According to the new market research report "AS-Interface Market by Component (AS-I Slave, AS-I Gateway, AS-I Power Supply, AS-I Cable), Application (Material Handling, Drive Control, Building Automation), Industry, and Geography - Global Forecast to 2023", AS-Interface market is expected to be valued at USD 1,158.5 Million by 2023, growing at a CAGR of 4.3% between 2017 and 2023. Factors that are driving the growth of the market include the rise of adoption of process automation in the process industry; support from the government for the adoption of industrial automation in various industries; and simple, easy, and fast installation of AS-Interface system with a minimum number of cables.

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Browse 38 Market Data Tables and 47 Figures spread through 128 Pages and in-depth TOC on "AS-Interface Market"

The major players in the AS-Interface market includes Bihl+Wiedemann GmbH (Germany), ifm electronic gmbh (Germany), Siemens AG (Germany), Valmet Corporation (Finland), Pepperl+Fuchs GmbH (Germany), Baumer Electric AG (Switzerland), ABB Ltd. (Switzerland), Emerson Electric Co. (US), Phoenix Contact GmbH & Co. KG (Germany), and Schneider Electric SE (France).

“AS-i gateway component in AS-Interface market expected to hold the largest market size during the forecast period”

AS-i master represents the connection to the controller or to a host fieldbus system. It is responsible for the link connection to the higher-level control system with other devices enabling the smooth flow of data and commands given to the slaves. The master communicates and manages data transfer from the data cable and checks the signals received, sets the parameters, sends commands to the slaves, and monitors the working of the slaves. It enables the effective controlling, monitoring, and execution of the manufacturing process.

 “The food & beverage industry expected to hold the largest market size and also expected to grow at the highest rate between 2017 and 2023”

The growth of food and industry is recognized by the increasing consumption of food & beverages. The packaged food industry includes baked goods, convenience food, dairy, and confectionaries, all require regular manufacturing that uses AS-Interface. AS-Interface cable makes the processing flow easy and smooth in conveying lines. The motors and controllers are connected with AS-Interface for the effective communication between the devices. This industry involves application such as material handling and drives control that enhances the growth of the AS-Interface market.

The material handling application is expected to hold the major market share and also grow at the highest rate of the AS-Interface market in 2023”

AS-Interface is used in material handling that includes various activities such as loading and transporting the material from one place to another. The material handling uses AS-Interface in the airport for the baggage handling. The baggage handling system uses a large number of sensors that directly contact AS-interface that helps in precisely localizing the baggage on conveyor belts. The belt conveyors are preferred to transport bulk material due to their ability to transport a large variety of materials from point to point.

“The AS-Interface market in APAC is expected to hold the largest market share and also grow at the highest rate between 2017 and 2023”

The APAC region consists most of the developing countries such as India, China, and South Korea. The AS-Interface market in South Korea is mainly driven by the increasing applications in automobiles, shipbuilding, and mining, among others. AS-Interface cable is used in building automation for various purposes such as fire/smoke dampers, monitoring, and diagnostics. The existence of multiple infrastructure projects in South Korea drives the AS-Interface market. The APAC market for AS-Interface is also supported by various exhibitions and summits such as Industrial Open-Net Exhibition Japan 2017, CIIF Industrial Automation Show Shanghai 2017, Industrial Network Exhibition Japan (Osaka) 2017 that are expected to be held for promoting the AS-Interface technologies.

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.

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Thursday 23 April 2020

Industrial Display Market expected to reach 5.87 Billion USD by 2022

According to the new market research report "Industrial Display Market by Type (Rugged Displays, Open Frame, Panel-Mount, Marine, Video Walls), Technology, Panel Size, Application (HMI, Remote Monitoring, Interactive Display, Digital Signage), Vertical and Geography - Global Forecast to 2022", the market is expected to grow from USD 4.09 Billion in 2016 to reach USD 5.87 Billion by 2022, at a CAGR of 6.18% between 2017 and 2022. The growth of industrial display market is mainly driven by technological shift and development of high specification display devices, rising demand for HMI devices, high growth of LED-backlit LCD-based display solutions, and growing adoption of IoT.

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Browse 65 market data tables and 79 figures spread through 186 pages and in-depth TOC on "Industrial Display Market"

The major players operating in the industrial display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Panasonic Corporation (Japan), and Advantech Co. Ltd. (Taiwan).

Panel-mount monitors accounted for the largest share of the industrial display market in 2016

The industrial display market is led by the panel-mount monitors. The major reason for the large market size of panel-mount monitors is due to the demand generated by HMIs, interactive displays, and digital signage applications in manufacturing, oil & gas, and energy & power sectors.

The market for OLED technology is likely to grow at the highest rate during the forecast period

OLED technology is expected to grow at the highest rate between 2017 and 2022 and hold the largest market size by 2022. OLED is a fairly new display technology in the industrial space and can serve diverse applications including remote monitoring using portable devices; HMI, and imaging.  For example, OLED is used as a status indicator in the industrial sector and also used in digital signage for advertisement or information display. These applications are the key factors for driving the growth of the OLED display market.

North America held the largest market share in 2016

North America held the largest share of the industrial display market in 2016, followed by Europe and APAC. The US accounted for the largest share of the industrial display market in this region. Rugged displays are widely used for HMI applications and remote monitoring in the manufacturing sector that boost the industrial display market in North America. The leading companies for display technologies, industrial monitors, HMIs, and related semiconductor components, such as Planar Systems, Inc. (US) and GE (US) are based in the North American region.

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.

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Wednesday 22 April 2020

Thin-Film Encapsulation (TFE) Market worth 101.1 Million USD by 2023

According to the new market research report "Thin-Film Encapsulation (TFE) Market by Application (OLED Display, Lighting, Thin-Film Photovoltaics), Deposition Technology (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE)), and Geography - Global Forecast to 2023", The thin-film encapsulation market for materialsis expected to grow from USD 31.7 Million in 2018 to USD 101.1 Million by 2023, at a CAGR of 26.1% between 2018 and 2023.

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Browse 13 market data Tables and 38 Figures spread through 104 Pages and in-depth TOC on
"Thin-Film Encapsulation (TFE) Market".
 
The leading suppliers of thin-film encapsulation equipment and materials in the market are Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp. (UDC) (US), Applied Materials (US), 3M (US), Veeco Instruments (US), Kateeva (US), Toray Industries (Japan), BASF (Rolic) (Germany), Meyer Burger (Switzerland), Aixtron (Germany), Bystronic Glass (Germany), AMS Technologies (Germany), and Angstrom Engineering (Canada). Key innovators profiled in this report include Beneq (Finland), Encapsulix (France), Lotus Applied Technology (US), Vitriflex (US), and Picodeon (Finland).

The thin-film encapsulation  market for materialscovers  the thin-film organic and inorganic barriers used at the manufacturing level of  flexible OLED displays, flexible OLED lighting, thin-film photovoltaics, and  other products. The need for thin-film barriers in flexible and organic devices,  trend of thin-film encapsulation using inkjet  printing technology, and rapid adoption of flexible OLED displays for smartphones  and smart wearables significantly drive the market growth. The growing  investments in the OLED technology and manufacturing facilities and rising  adoption of thin-film solar cells are likely to provide lucrative opportunities  for the market players in the near future.

Rising demand for flexible OLED displays and flexible OLED lighting solutions is driving the growth of thin-film encapsulation market for materials

OLED displays accounted for the largest share of the thin-film encapsulation market for materials, in terms of value, in 2017. Samsung SDI and LG Chem develop thin-film encapsulation materials for flexible OLED displays. These companies are also working with thin-film encapsulation equipment suppliers, such as Kateeva and Applied Materials. The thin-film encapsulation market for materials in OLED lighting applications is expected to grow at the highest CAGR of 31.8% during the forecast period.

APAC is expected to hold the largest market share between 2018 and 2023

APAC accounted for the largest share of the thin-film encapsulation market for materials in 2017. Major display panel and brand product manufacturers are based in China, Japan, Taiwan, South Korea, and Hong Kong. South Korea witnessed the highest demand for thin-film encapsulation materials in 2017 owing to presence of industry leaders such as Samsung and LG Display in the country. Further, the demand for thin-film encapsulation materials from China is expected to increase rapidly during 2018–2023 as various Chinese players, such as BOE Technology and CSOT, are planning to construct facilities to manufacture flexible OLED panels.

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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.

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Monday 20 April 2020

Fall Detection System Market expected to reach 497.3 Million USD by 2022

According to the new market research report "Fall Detection System Market by Component (Accelerometer & Gyroscope, Unimodal/Bimodal, Multimodal Sensors), Algorithm (Simple Threshold, Machine Learning), System (In-Home Landline, In-Home Cellular, Wearable), End User, and Region - Global Forecast to 2022", the overall fall detection system market is expected to be worth USD 497.3 million by 2022, growing at a CAGR of 5.58% between 2017 and 2022.

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Browse 64 market data tables and 73 figures spread through 154 pages and in-depth TOC on "Fall Detection System Market"
 
The major companies involved in the development and supply of fall detection systems include Koninklijke Philips N.V. (Netherlands), Connect America (US), The ADT Corporation (US), Tunstall Healthcare Group Ltd. (UK), Medical Guardian LLC (US), Bay Alarm Medical (US), Singapore Technologies Electronics Limited (Singapore), MobileHelp (US), MariGroup Oy (Finland), Mytrex, Inc. dba Rescue Alert (US), Semtech Corporation (Netherlands), AlertOne Services, LLC (US), and LifeFone (US). Intel Corporation, MariGroup Oy, Vital Connect Inc. and Blue Willow Systems are the four key innovators considered as a part of the fall detection system market.

The major factors driving the growth of the fall detection system market include the better accessibility to assistance in case of fall leading to reduced medical expenses, increasing demand for smartphone and wearable technology, and increasing demand for multimodal technology. These factors are expected to propel the growth of the fall detection system market during the forecast period.

“Accelerometers & gyroscopes expected to hold the largest market share between 2017 and 2022”

Accelerometers and gyroscopes are the most widely used components in the fall detection system. Among accelerometers, mostly tri-axial accelerometers are used; for the gyroscope-based system, either a bi-axial or tri-axial gyroscope is used to detect a fall. In case a fall is detected, the accelerometer & gyroscope system sends an alert signal along with the GPS location of the person. The increasing use of accelerometers & gyroscopes by end users such as senior citizens – home, and hospitals, nursing, and senior assisted living facilities is a key factor driving the fall detection system market for accelerometers & gyroscopes.

“Fall detection system market for machine learning method expected to grow at the highest CAGR during the forecast period”

Machine learning method to detect fall is a kind of artificial intelligence that utilizes the ability of sensors to understand the fall-related data collected in experimental conditions and during the designing of the product. However, though the machine learning method increases the robustness, sensitivity, and specificity of the fall detection system, its algorithmic design consumes a lot of computable resources, thus limiting its applications in wearable devices. The machine learning algorithm is more expensive than the simple threshold method. However, owing to its better accuracy and reducing costs as well as the increasing number of artificial intelligence companies in the market, it is expected to be the fastest-growing segment during the forecast period.

“Market in North America accounted for the largest share of the overall fall detection system market during the forecast period”

North America is considered as the major contributor to the global fall detection system market, and the US holds the largest market share in the region. The market in North America is segmented into the US, Canada, and Mexico. A major trend driving the fall detection system market in the region is the expected increase in the acceptance rate of fall detectors among the rapidly increasing geriatric population. Furthermore, the growing adoption rate of the machine learning method and reimbursement of healthcare-related costs are the major factors driving the fall detection system market in the US and Canada.

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Artificial Intelligence in Healthcare Market expected to reach $36.1 billion by 2025

The report "Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), End-Use Application, End User, and Geography – Global Forecast to 2025" According to the latest market research report, the artificial intelligence in healthcare market is estimated to be valued at USD 2.1 billion in 2018 and is expected to reach USD 36.1 billion by 2025, at a CAGR of 50.2% from 2018 to 2025. The market has huge potential across various end users such as hospitals and providers, healthcare payers, and pharmaceutical and biotechnology companies. Increasingly large and complex data set available in the form of big data and growing need to reduce the increasing healthcare cost drive the growth of this market. Improving computing power and declining cost of hardware are other key factors driving the AI in healthcare market.

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Browse 103 market data Tables and 49 Figures spread through 216 Pages and in-depth TOC on "Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), End-Use Application, End User, and Geography – Global Forecast to 2025"
 
The major companies profiled in this report are NVIDIA (US), Intel (US), IBM (US), Google (US), Microsoft (US), AWS (US), General Vision (US), GE Healthcare (US), Siemens Healthineers (Germany), Medtronic plc (US). The market has active participation of start-ups. A few emerging companies in the market are CloudMedx (US), Imagia Cybernetics (Canada), Precision Health AI (US), and Cloud  Pharmaceuticals (US).

AI in healthcare market for software to hold largest market during forecast period

The AI in healthcare market for software segment is expected to hold the largest market from 2018 to 2023. Growing adoption of AI solutions and platforms among healthcare providers and healthcare payers is the prime factor driving the growth of the software segment. The software is developed using AI technologies, such as machine learning, natural language processing, and deep learning. In most cases, the software can run in the existing system without any additional requirement for specific hardware.

By offering, services to grow at highest CAGR during forecast period

Growing adoption of AI in hospitals and other healthcare service providers is expected to boost the demand for services segment in later part of the forecast period.

By technology, the artificial intelligence in healthcare market for Machine learning technology to hold the largest market share throughout the forecast period

Machine learning’s ability to collect and handle big data, and its applications in various healthcare applications, such as patient data and risk analysis, drug discovery, and in-patient care and hospital management, are fueling its growth.

By geography, North America is expected to dominate the healthcare market

The North American AI in healthcare market is further segmented into the US, Canada, and Mexico. The US is considered one of the major contributors in the North American AI in healthcare market. The US is one of the leading countries in the world to adopt AI technology across the continuum of care.
Cross-industry participation in the healthcare domain along with significant increase in venture capital investment, is encouraging several new players to enter the market for AI in the healthcare space.

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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.

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Sunday 19 April 2020

Fusion Splicer Market worth 762.3 Million USD by 2022

The report "Fusion Splicer Market by Offering (Hardware (Sheath Clamps, Electrodes, Electric ARC, CO2 Laser, Cleaver and Stripper), and Software & Services), Alignment Type (Core, and Cladding Alignment), Application, and Geography - Global Forecast to 2022", According to this market research report, the fusion splicer market was valued at USD 570.5 Million in 2016 and is expected to reach USD 762.3 Million by 2022, at a CAGR of 4.72%.

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Major players operating in the fusion splicer market are Sumitomo Electric Industries (Japan), Furukawa Electric Co. Ltd. (Japan), Fujikura ltd Ltd. (Japan), ILSINTECH CO., LTD. Korea), INNO Instruments Inc. (Korea), and Darkhorsechina (Beijing) Telecom. Tech. Co., Ltd. (China). 

Browse 66 market data tables and 66 figures spread through 154 pages and in-depth TOC on "Fusion Splicer Market"

Moreover, the fusion splicer market registered a shipment of 65,735 units in 2016 and is expected to reach 97,353 units by 2022, at a CAGR of 6.52% during the forecast period. Factors such as the growing demand for high network bandwidth and low insertion loss are driving the growth of the fusion splicer market.

Software & services expected to grow at a higher rate between 2017 and 2022

The fusion splicer market for software and services is expected to grow at a higher rate compared with the fusion splicer market for hardware, due to the increased focus by companies on improving their pre and post sales services. Presently, the companies provide custom engineering services that also includes customized hardware and software design, process improvement consultation, advanced training, and maintenance service agreements.

Fusion splicer market for core alignment type expected to hold the largest share in 2017

The core alignment method provides precise fiber alignment, which results in a typical splice loss of only 0.02dB. This level of precision is required for all single mode fiber applications as well as enhances performance of multimode fiber. This core alignment fusion splicer is primarily preferred for community access TV (CATV) installations, backbone networks, specialty fiber applications, and optical components manufacturing because of its high accuracy and reliability.

Fusion splicer market in APAC likely to grow at a high rate during the forecast period

The need for high network bandwidth in the telecom sector acts as a driving force for the growth of the fusion splicer market. The extensive development of telecommunication and broadband networks in Asia Pacific (APAC) has led to the increasing growth in the fiber optic market in this region, thereby increasing the demand for the fusion splicer.

About MarketsandMarkets™                
                            
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Friday 17 April 2020

Underfloor Heating Market expected to reach 4.23 Billion USD by 2023

According to the new report "Underfloor Heating Market by Component (Heating Cables, Heating Mats, Sensor & Thermostat, Heating Pipes, Manifolds), Type (Hydronic Underfloor Heating, Electric Underfloor Heating), Application and Geography - Global Forecast to 2023", The underfloor heating system market was valued at USD 2.53 Billion in 2016 and is expected to reach USD 4.23 Billion by 2023, at a CAGR of 7.5% during the forecast period. The key factors driving the underfloor heating market include tax credit program, automation in industrial, commercial and residential sectors, and increasing awareness about benefits of underfloor heating systems.

• Download Informational PDF Brochure :-
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Browse 103 Market Data Tables and 35 Figures spread through 143 Pages and in-depth TOC on "Underfloor Heating Market - Global Forecast to 2023"

Leading players operating in the underfloor heating market include Danfoss A/S (Denmark), Uponor Corporation (Finland), Emersion Electric Co. (US), Honeywell International (US), and Robert Bosch (Germany). Pentair PLC (US), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), and Nexans S.A. (France).

New installation to lead the underfloor heating market in the coming years

New installation held a major share of the underfloor heating market than other equipment in 2016. Underfloor heating is used for various applications, and there are prospects to use it in large-scale commercial properties in both new housing developments and new business premises. It has become the most popular choice of space heating for new build properties because of the significant growth of renewable energy systems. The underfloor heating system operates with a low-flow temperature, which can be easily achieved. It is being used largely in the development of flats and apartments, which are mainly suited to this type of heating system.

Market for hydronic systems to witness a high growth in the near future

Hydronic radiant heating systems are ideal for those homes that already use a water heater as the energy can be diverted to the floor in an efficient manner. In the hydronic underfloor heating system, heated water is propelled from a boiler through a link of tubing underneath the floor. Heat is conducted to the surface of the floor by hot water, and from there, radiant energy is emitted to the room. The system is controlled by one or more thermostats which control the manifold and boiler as required. Also, the hydronic underfloor heating system is suitable for most floor finishes such as carpet, ceramic, engineered and solid wood, laminate, stone, and vinyl. Including all of these benefits, it is expected to grow with highest CAGR during the forecast period.

Residential application is expected to grow at the highest CAGR during the forecast period

The high growth rate of the underfloor heating market in the residential application is mainly due to the growth in the self-build trend and custom-build trend 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. The trend toward simple styling with clean, uncluttered lines, and open-plan living has supported the demand for invisible underfloor heating systems, particularly in kitchens and in bathrooms. For these areas, there are underfloor heating systems specifically designed for use under stones and ceramic tiles. Owing to all these trends, the underfloor heating market is showing an impressive growth.

The underfloor heating market in Europe held the largest share in 2016

The market is growing rapidly because Europe is moving toward a low-carbon economy and because of the increased awareness about environmental and energy efficiency concerns. Also, higher levels of insulation, driven by regulatory requirements and government initiatives are contributing to a reduction in the overall heating load, making underfloor heating a more practical and efficient heating solution in Europe.

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Interactive Display Market expected to reach $13.8 billion by 2024

According to the new market research report "Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Panel Size (17”–32”, 32”–65”, 65” and Above), Vertical (Retail & Hospitality, Education, Transportation), and Geography – Global Forecast to 2024", the interactive display market is expected to reach USD 13.8 billion by 2024 from USD 9.7 billion in 2019, at a CAGR of 7.2%. The major factors that are expected to be driving the market are growing demand for gamification and digital classrooms, assured return on investment (roi) from interactive display products, decreasing prices and increasing panel size, growing adoption of interactive displays in retail sector, dynamic nature of interactive displays leads to enhanced customer experience. The objective of the report is to define, describe, and forecast interactive display market size based on product, vertical, panel size, and region.
Browse 100 market data Tables and 37 Figures spread through 137 Pages and in-depth TOC on "Interactive Display Market"

A few key players operating in the interactive display market are LG Display (South Korea), Sharp (Foxconn) (Japan), Leyard Optoelectronic (Planar) (China), Samsung (South Korea), NEC (Japan), Panasonic (Japan), Elo Touch (US), Crystal Display Systems (UK), Horizon Display (US), and ViewSonic (US).

Interactive whiteboard to hold the largest share of the interactive display market in 2019. The advent of interactive learning and advancements in teaching methodologies drive the growth of the market for interactive whiteboards

Due to rapid advancements in technology, companies focus on innovation to provide variety and additional features in products. Researchers associated with different companies are focusing on integrating new technologies in conventional interactive white board to make them user-friendly and interactive. Artificial Intelligence (AI) is one such technology, which provides huge opportunities for the interactive whiteboard market to grow.

32–65” to hold the largest share of the interactive display market in 2019

Interactive displays with screen sizes between 32 inches and 65 inches are mainly used in the healthcare and hospitality sectors. Besides, these screens are also used in restaurants as menu boards to indicate prices, ingredients, and waiting time of the orders taken from customers, though the market has the highest growth in the healthcare and hospitality sectors. In the healthcare sector, many interactive healthcare smart displays are specially designed for the hospital environment.

North America to hold the largest share of the interactive display market in 2019

North America is the leading region in terms of market size related to interactive display applications. The interactive display market is estimated to grow significantly over the next few years in North America. In the current market scenario, the US dominates the interactive display market in North America. Mexico is expected to rapidly adopt interactive displays in the near future. Therefore, the interactive display market is expected to have potential opportunities in North America.

About MarketsandMarkets™            
                                
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Wednesday 15 April 2020

Artificial Intelligence Chipsets Market worth 59.26 Billion USD by 2025

According to the latest market research report "Artificial Intelligence Chipsets Market by Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), Hardware (Processor, Memory, Network), End-User Industry, and Geography - Global Forecast to 2025", the overall artificial intelligence (chipsets) market is estimated to be valued at USD 7.06 Billion in 2018 and is expected to be worth USD 59.26 Billion by 2025, growing at a CAGR of 35.5% from 2018 to 2025. The availability of big data, coupled with AI algorithms for an extensive range of application areas, is fueling the growth of the AI (chipsets) market. Increased productivity and improved customer satisfaction are the other key factors driving this market.

• Download Informaitonal PDF Brochure :-

Browse 66 tables and 48 figures spread through 187 pages and in-depth TOC on
"Artificial Intelligence Chipsets Market"
 
Companies that are profiled in this report are NVIDIA (US), Intel (US), Xilinx (US), Samsung Electronics (South Korea), Micron Technology (US), Qualcomm Technologies (US), IBM (US), Google (US), Microsoft (US), and AWS (US). Some of the key start-ups included in this report are Graphcore (UK), Wave Computing (US), Mythic (US), Adapteva (US), and Koniku (US).

Machine learning to hold largest market share from 2018 to 2025

Machine learning is expected to hold the largest share of the AI (chipsets) market from 2018 to 2025. Machine learning enables systems to automatically improve their performance with experience. ML aims to develop a computer program/algorithm that can access data and use it to train itself with no human intervention. Machine learning’s ability to collect and handle big data, and its applications in real-time speech translation, autonomous robots, and facial analysis are fueling its growth.

AI (chipsets) market for memory to grow at highest CAGR from 2018 to 2025

The AI (chipsets) market for memory is expected to grow at the highest CAGR during the forecast period. Increasing demand for memory to run large and complex AI algorithms based on AI technologies such as machine learning, computer vision, and predictive analytics is driving the growth of memory devices. In addition, high-bandwidth memory is being developed and deployed for AI applications, independent of its computing architecture.

Marketing to account for largest market size among other end-user industries between 2018 and 2025

The AI (chipsets) market is currently led by the marketing end-user industry. This is attributed to the increasing use of AI for performance improvement of marketing campaigns through better decision-making and offering personalized content to the target markets. Search advertising, social media advertising, and sales and marketing automation are the major applications of AI in marketing.

North America to lead AI (chipsets) market in terms of market size

North America held the largest share of the AI (chipsets) market in 2017. The increasing adoption of AI technology in various end-user industries, such as healthcare, manufacturing, automotive, agriculture, retail, marketing, law, and fintech, and strong presence of industry giants and emerging AI companies in the region are the key factors supporting the growth of the AI (chipsets) market in North America.

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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.

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Impact of COVID 19 on Filtration and Contamination Control Market

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  • Covid Impact on Filtration and Contamination Control Market, growth/decline in product type/use cases of Filtration and Contamination Control Market due to cascaded impact of Covid 19 on Extended Ecosystem.
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According to the market research report "Filtration and Contamination Control Market by Filtration Type (Liquid, Air), Customer Type (Aftermarket, OEM), Application (Engine, Industrial Machinery, Oil and Gas, Aerospace, Gas Turbine, Power Generation), and Geography - Global Forecast to 2022", the filtration and contamination control market is expected to reach USD 39.73 Billion by 2022, at a CAGR of 5.13% between 2017 and 2022. The growth of this market is attributed to the increasingly restrictive environmental regulations across the globe, steady demand for filtration across on-road and off-road vehicles, and requirement of higher efficiency performance among mechanical equipment and factory processes.

Browse 66 market data tables and 59 figures spread through 150 pages and in-depth TOC on "Filtration and Contamination Control Market"

Major players in the global filtration and contamination control market are MANN+HUMMEL Holding GmbH (Germany), Donaldson Company, Inc. (U.S.), Cummins Inc. (U.S.), Parker-Hannifin Corp. (U.S.), Pall Corporation (U.S.), Clarcor Inc. (U.S.), Filtration Group Corporation (U.S.), Eaton Corporation plc (Ireland), HYDAC International GmbH (Germany), and CECO Environmental Corp. (U.S.).

The market for liquid filtration expected to grow at the highest rate during the forecast period

The global filtration and contamination control market for liquid filtration is expected to grow at the highest rate during the forecast period. Liquid filtration is used in almost every industry for the purification of solid–liquid and liquid–liquid raw materials to improve the quality of products. The dependency of vast end-user application areas on liquid filtration systems to remove the contaminants and improve the equipment lifespan and performance is the prime reason for the huge adoption of liquid filtration.

Aftermarket customer type held the largest share of the filtration and contamination control market in 2016

Aftermarket customers accounted for the largest share of filtration and contamination control products in 2016 across all the industries. The market is expected to be driven by the high rate of deployment of replacement filters, especially across automobiles, chemical and petrochemical refineries, oil & gas, and process industries.

The market for industrial application segment estimated to grow at the highest rate during the forecast period

The industrial application segment is currently analyzed as the largest consumer of filtration devices, and related engineering products and services. This segment sees high growth potential across industrial machinery, oil & gas, aerospace, gas turbine, power generation, semiconductor, and paints and coatings, among other industries. Among these industrial applications, the industrial machinery application is estimated to lead the industrial filtration market, in terms of market share, owing to the high rate of deployment and diffusion of filtration devices across chemical and petrochemical refineries.

North America held the largest market share in 2016

North America held the largest share of the filtration and contamination control market in 2016, followed by Europe and APAC. The growth of the North American market is driven by the presence of key manufacturers of filtration products, such as Donaldson Company, Inc. (U.S.), Pall Corporation (U.S.), Cummins Inc. (U.S.), Parker-Hannifin Corp. (U.S.), Filtration Group Corporation (U.S.), and Clarcor Inc. (U.S.). Additionally, the adoption of cleaner fuels due to stringent policies on environmental emissions, strong demand from oil & gas and aerospace industries, and continuous upgradations in the power generation sector are expected to drive the growth of the market in North America. The U.S. held the largest share of the North American filtration and contamination control market.

About MarketsandMarkets™              
                              
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Tuesday 14 April 2020

Coronavirus and GNSS Chip Market

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  • Covid Impact on GNSS Chip Market, growth/decline in product type/use cases of GNSS Chip Market due to cascaded impact of Covid 19 on Extended Ecosystem.
  • How top 50 companies in GNSS Chip Market are making rapid shifts in their strategies as we speak here...
  • Outside-in view of top 50 companies client and client's clients shifting short-term priorities
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According to the new market research report, "GNSS Chip Market by Devices (Smartphones, In-Vehicle Systems, Tablets, Personal Navigation), Application (Location-Based Services, Navigation, Telematics, Surveying, Mapping, Timing & Synchronization), Vertical and Geography - Global Forecast to 2022", the GNSS chip market is expected to be valued at USD 5.22 billion by 2022, growing at a CAGR of 7.9% between 2016 and 2022.

The key players operating in the GNSS chip market include Qualcomm Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), Intel Corporation (U.S.), Mediatek Inc. (Taiwan), U-Blox Holdings AG (Switzerland), Broadcom Corporation (U.S.), Furuno Electric Co., Ltd. (Japan), Skyworks Solutions, Inc. (U.S.), Quectel Wireless Solutions Co., Ltd. (China), and Navika Electronics (India).

Browse 70 market data tables and 70 figures spread through 169 pages and in-depth TOC on "GNSS Chip Market"

Some of the factors driving the growth of the GNSS chip market include the high penetration of electronic, wearable, and connecting devices; increasing demand for accurate and real-time data; rising demand for high-speed Internet and network coverage such as 4G/5G; and growing popularity of IoT.

“Smartphones to hold the largest size of the overall GNSS chip market during the forecast period“

Smartphones held the largest size of the GNSS chip market in 2015. GNSS chips in smartphones are used for applications such as location-based services (LBS), online games, and mobile geographic information systems (GISs), among others. Smartphones are expected to hold the largest size of the GNSS chip market during the forecast period due to the increasing demand in developing countries and the need for real-time information pertaining to the exact location of vehicles, individuals, and other assets. With the growing demand for  smartphones, personal navigation devices, , and tablets, among others, are now equipped with GPS/GNSS receiver chips and navigation software to enable the users to navigate from one place to other. Due to the miniaturization of smartphones, the demand for GNSS chips is increasing. Also, the miniaturization of GNSS chips enables the chips to get integrated in small as well highly sensitive devices.

“Location-based services (LBS) to hold the largest share of the GNSS market by 2022”

The LBS application is expected to dominate the global GNSS chip market between 2016 and 2022. LBS are the most widely used applications in various devices such as smartphones, tablets, wearable devices, in-vehicle systems, and personal navigation devices. In addition, technological innovations and miniaturization of electronic devices have led to the increased demand for GNSS chips for consumer electronics products such as tablets, smartphones, laptops, and digital cameras, among others. LBS, on the basis of application, can be categorized into mapping, discovery and infotainment, emergency support and disaster management, leisure and social networking, location-based advertising, location-based games and augmented reality, and tracking, among others. All the aforementioned factors are driving the growth of the market for location-based services.

“GNSS chip market in APAC expected to grow at a high rate between 2016 and 2022”

APAC is expected to be the fastest-growing market for GNSS chip during the forecast period. This market growth can be attributed to the growth in the construction industry and the development of the transportation infrastructure in this region. The major factors responsible for the growth of these sectors include the rapid urbanization and growing population. The construction industry in APAC would continue to account for the largest share of the GNSS chip market in the coming years. Due to the increasing adoption of IoT and portable consumer electronics devices in countries such as China, Japan, and South Korea, the GNSS chip market in APAC is expected to grow at a high rate.

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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.

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Impact of COVID 19 on Automatic Labeling Machine Market

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  • Covid Impact on Automatic Labeling Machine Market, growth/decline in product type/use cases of Automatic Labeling Machine Market due to cascaded impact of Covid 19 on Extended Ecosystem.
  • How top 50 companies in Automatic Labeling Machine Market are making rapid shifts in their strategies as we speak here...
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According to the new market research report Automatic Labeling Machine Market by Type (Self-Adhesive/Pressure-Sensitive Labelers, Shrink Sleeve Labelers and Glue-Based Labelers), Industry (Food & Beverages, Pharmaceuticals, Consumer Products, Personal Care), Geography - Global Forecast to 2024”, the automatic labeling machine market is expected to be valued at USD 2.5 billion in 2019. It is expected to grow USD 2.9 billion,at a CAGR of 3.6% from 2019 to 2024. The factors that are driving the growth of the market include the increasing demand for automation in the food industry and the growing need for packaging solutions.

Browse 35 market data Tables and 37 Figures spread through 122 Pages and in-depth TOC on "Automatic Labeling Machine Market"

Major Players included in the automatic labeling machine market are Krones (Germany), SACMI (Italy) and Sidel (Italy). The other key players in this market include companies such as HERMA (Germany), KHS (Germany), Fuji Seal (Japan), ProMach (US), Marchesini Group (Italy), IMA Group (Italy), Accutek (US), and Barry-Wehmiller (US), among others.

“Shrink-Sleeve labelers expected to grow at the highest CAGR in global automatic labeling machine market“

Shrink sleeve labelers are a relatively new type of machine in the automatic labeling machine market which has been making a name for itself in the label industry as these machines uses labels which leads to full body design allowing for more graphics, impact, and color. The shrink-sleeve labelers are booming in the market as the sleeve film is sensitive to light, abrasion resistant, durable, and waterproof. These labels can be easily removed from the containers and bottles, allowing the container/bottle to be reused. The sleeve film is environment-friendly as there is no need for glue which does not lead to any hazardous waste and this film is easily recyclable. Although the shrink sleeve labelers are most costly than other labeling machines, it is the best way to provide the maximum brand promotion and awareness among the customers.

“Food & beverages industry is expected to exhibit the highest growth from 2019 to 2024”

The fast-changing food & beverages industry across the world requires automatic labeling machines to a great extent. Improved economic conditions in emerging countries, purchasing parity, increasing health awareness, change in dietary habits, rising demand for nutritious food, and adoption of automated technology in labeling are the significant factors which are expected to further fuel the growth of global food & beverages processing and packaging machinery industry.

“APAC expected to be the fastest-growing automatic labeling machine market from 2019 to 2024”

The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth of the market during the forecast period is expected due to the development of the packaging machinery industry, demand for automated labeling solutions, increasing consumer awareness regarding packaging, the demand for packaging in the food industry, and the need for high speed & high-quality labeling solutions. On the other hand, China and Taiwan were the major markets in Asia Pacific in 2018 as they are one of the major exporters of the low-speed machines capturing the large share of the market.

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Monday 13 April 2020

Impact of COVID 19 on Blockchain in Manufacturing Market

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  • Covid Impact on Blockchain in Manufacturing Market, growth/decline in product type/use cases of Blockchain in Manufacturing Market due to cascaded impact of Covid 19 on Extended Ecosystem.
  • How top 50 companies in Blockchain in Manufacturing Market are making rapid shifts in their strategies as we speak here...
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According to the new market research report "Blockchain in Manufacturing Market by Application (Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management), End Use (Automotive, Energy & Power, Industrial, Pharmaceuticals), and Region - Global Forecast to 2025", the blockchain in manufacturing market is expected to be worth USD 30.0 million by 2020 and USD 566.2 million by 2025, growing at a CAGR of 80.0% from 2020 to 2025. The key factors driving the growth of this market include blockchain-as-a-Service (BaaS) solutions for enterprises; simplifying business processes and affording transparency and immutability; significant increase in venture capital investments and initial coin offerings (ICO); increasing demand for real-time data analyses, enhanced visibility, and proactive maintenance; increased emphasis on energy efficiency and cost of production; convergence of operational technology (OT) and information technology (IT); AI, IoT, blockchain and the future of manufacturing industry; and increase in global blockchain-related patent filings.

Browse 36 market data Tables and 43 Figures spread through 161 Pages and in-depth TOC on "Blockchain in Manufacturing Market"           

A large number of blockchain solution providers including Storj Labs Inc. (US); Cloud Technology Partners, Inc. (US); NVIDIA Corporation (US); Chronicled (US); LO3 Energy (US); Filament (US); Shipchain (US); Microsoft Corporation (US); Advanced Micro Devices, Inc. (US); International Business Machines Corporation (US); Intel Corporation (US); Oracle Corporation (US); Factom (US); Amazon.com, Inc. (US); and Blockchain Foundry Inc. (Canada)—are based in North America. This region is one of the largest contributors to the growth of the global blockchain in manufacturing market.

Logistics and supply chain management applications are expected to account for the largest market share as well as the highest CAGR during the forecast period. With blockchain, intermediaries can be taken out of the equation to streamline the flow of supply chain operations; it also allows all transaction data across networks to be synchronized, enabling participants validate each other’s work. In 2017, IBM and Maersk tested the application of blockchain in logistics. In a proof-of-concept, the 2 companies demonstrated how blockchain can be used to track on-transit containers, and how supply chain stakeholders can benefit from accessing relevant actionable information.

Energy & Power to account for largest share of blockchain in manufacturing market by 2020

Energy & power sector is expected to account for the largest share of the overall blockchain in manufacturing market during the forecast period. Increasing global energy demand encourages companies operating in the energy & power industry to adopt blockchain solutions that can help them enhance production with minimum maintenance and reduced downtime. LO3 Energy has developed Exergy, a permissioned data platform that creates localized energy marketplaces for transacting energy across existing grid infrastructure. Electron is a London-based start-up harnessing the blockchain technology to design more efficient, resilient, and flexible systems for the energy industry. The company designs platforms and services that empower the industry to address challenges and maximize the potential of new technologies such as distributed renewable generation and storage, smart grid, and connected devices.

North America is expected to hold largest share of blockchain in manufacturing market from 2020 to 2025

North America is expected to hold the largest share of the global blockchain in manufacturing market, wherein the US and Canada are expected to witness a significant adoption of blockchain in manufacturing services. These countries have sustainable and well-established economies, which allow them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Due to the early adoption of trending technologies, such as IoT, big data, DevOps, and mobility, manufacturers are keen to integrate blockchain technologies into their processes. The startup culture in North America is growing at a faster pace as compared to other regions. The advent of SMEs and increasing digitalization in manufacturing have also aided the growth of the North American market.

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