Wednesday 26 May 2021

Focused Ion Beam Market worth $1,185 million by 2024

 

According to the research report "Focused Ion Beam Market by Ion Source (Ga+ Liquid Metal, Plasma), Application (Failure Analysis, Nanofabrication), Vertical (Electronics & Semiconductor, Industrial Science, Material Science, Bioscience), and Region - Global Forecast to 2024", is projected to grow from USD 820 million in 2019 to USD 1,185 million by 2024; it is expected to grow at a CAGR of 7.6% from 2019 to 2024. Key factors fueling the growth of this market include the rise in demand for failure analysis in the electronics & semiconductor industry and increase in demand for ion beam lithography process using focused ion beam systems for producing patterns across the surface of samples.

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“The Ga+ liquid metal segment accounted for the largest share of the focused ion beam market in 2019.”

In 2019, the Ga+ liquid metal segment captured the largest share of the focused ion beam market. The growth of this segment can be attributed to several advantages offered by focused ion beam systems using Ga+ liquid metal as an ion source. Moreover, the majority of manufacturers of focused ion beam systems are deploying Ga+ liquid metal ion sources in their systems. Several applications such as ion implanters, ion projection lithography, and particle accelerator injectors use plasma ion source-based focused ion beam systems.

“The failure analysis segment of the market is projected to grow at the highest CAGR during the forecast period.”

Among applications, the failure analysis segment of the focused ion beam market is projected to grow at the highest CAGR from 2019 to 2024. The growth of the failure analysis segment of the market can be attributed to the increased use of focused ion beam systems for carrying out the failure analysis of components or devices to recognize the cause leading to their failure during their manufacturing process. Manufacturers use focused ion beam systems to test and analyze the performance of different components or devices, thereby leading to an increased demand for these systems from the electronics & semiconductor vertical.

“The electronics & semiconductor segment of the focused ion beam market is projected to account for the largest size from 2019 to 2024.”

Among verticals, the electronics & semiconductor segment accounted for the largest share of the focused ion beam market in 2019. The growth of this segment can be attributed to the increasing consumer demand for fast, compact, pocket-friendly, and highly power-efficient portable devices. As the size of electronic components shrinks, it affects their reliability and performance. Focused ion beam systems are required to analyze the performance of these components.

“The focused ion beam market in APAC is projected to grow at the highest CAGR during the forecast period.”

The focused ion beam market in APAC is projected to grow at the highest CAGR from 2019 to 2024. The growth of the market in this region can be attributed to increased investments in R&D activities by government organizations and manufacturing companies as well as expansions of research centers carried out by focused ion beam system manufacturers in APAC. Governments of countries such as Japan, China, and India have been taking rapid initiatives to encourage companies to set up their manufacturing and R&D facilities there.

Key players in the market include Thermo Fisher Scientific, Inc. (US), Hitachi High-Technologies Corporation (Japan), ZEISS International (Germany), Tescan (UK), JEOL Ltd. (Japan), HORIBA, Ltd. (Japan), Eurofins Scientific (Luxembourg), and A&D Company, Limited (Japan). These players are increasingly undertaking product launches, agreements, partnerships, collaborations, joint ventures, and mergers and acquisitions to increase their market shares.

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Atomic Force Microscopy (AFM) Market worth $586 million by 2024

 

The report "Atomic Force Microscopy (AFM) Market by Offering (AFM, Probes, Software), Grade (Industrial Grade, Research Grade), Applications (Materials Science, Life Sciences, Semiconductor & Electronics, Academics), and Region - Global Forecast to 2024",was valued at USD 441 million in 2019 and is projected to reach USD 586 million by 2024; it is expected to grow at a CAGR of 5.8% during the forecast period. The key drivers of atomic force microscopy is committed support from several governments to promote  nanotechnology and nanoscience research and development. Also, high demand for 3D ICs from semiconductor and electronics industry is is expected to lay new growth opportunity for atomic force microscopy market during the forecast period.

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"Atomic Force Microscopy Market - Global Forecast to 2024"
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Probes offering for Atomic Force Microscopy held the fastest market share in 2019

The market for probes is expected to grow at the highest CAGR. Probes play a dominant role in the AFM market, in terms of volume, as the lifecycle of probes is shorter than the complete atomic force microscope, thereby leading to a higher requirement for probes than AFM.

Industial grade to hold the largest market share in Atomic Force Microscopy market during the forecast year

The demand for indusrial grade microscopes is propelled by high-quality images to detect defects in miniaturized products. Hence, industrial grade AFM are more in demand owing to their high precision in detecting and visualizing even the smallest surface structures and defects in nanomaterials.

Semiconductors and electronics to hold the fastest market share in Atomic Force Microscopy market during the forecasted year

Semiconductors and electronics is expected to grow at the highest rate. The semiconductor industry is one of the major industries using advanced microscopes such as transmission electron microscopes, atomic force microscopes, 3D optical microscopes, and confocal microscopes. AFM is used extensively in the semiconductor industry for R&D, quality control (QC), monitoring process development, and failure analysis. The growing demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is the key factor surging the demand for microscopes in the semiconductor industry

APAC hold the largest market share between 2019 and 2024

The growth of the atomic force microscopy in APAC market can be attributed to the growing R&D funding for the development of microscopes, increasing nanotechnology research, and growing expertise and academic excellence, along with the availability of nanomaterials at lower costs.

The major players in Atomic Force Microscopy market are Bruker (US), Park Systems (South Korea), Hitachi (Japan), Horiba (Japan), Oxforfd Instrumenst (UK), Nanosurf (Switzerland), WITec (Germany), NT-MDT (Russia), NanoMagnetics Instruments (UK), Nanonics Imaging (Israel).

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Blockchain in Manufacturing Market worth $566.2 million by 2025

 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.

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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.

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.

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

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Automatic tube cleaning system Market worth $130.5 million by 2023

 According to the new market research report "Automatic Tube Cleaning System Market by Type (Ball, and Brush), Industry (Power Generation, Oil & Gas, Commercial Space, Hospitality), and Region (North America, Europe, Asia Pacific, and Rest of the World) - Global Forecast to 2023", The automatic tube cleaning system market is estimated to grow from USD 104.6 million in 2018 to USD 130.5 million by 2023, at a CAGR of 4.53% between 2018 and 2023. The key driving factor for the growth of the automatic tube cleaning system market is the improvement in operational efficiency of HVAC systems due to automatic tube cleaning system installation. Offices, hospitals, hotels, living spaces, and airports are a few major energy consuming sectors of HVAC systems that are installed to improve ambient comfort levels and environmental quality. Shell and tube condensers, as well as heat exchangers, play a vital role in power generation, oil refining, industrial processing, and HVAC comfort cooling. Different types of fouling appear in the air-conditioning system, namely, particulate fouling, scaling, corrosion, and biofouling. All of these foulants, owing to localized corrosion, reduce the heat transfer efficiency of heat exchangers, thereby leading to early equipment failure. Hence, automatic tube cleaning systems are installed to avoid fouling and improve efficiency.

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Ball type automatic tube cleaning system is expected to hold larger market share during 2018–2023

Ball-type automatic tube cleaning systems are ideal for large heat exchangers in oil & gas plants, power plants, desalinization plants, and petrochemical and refining plants. Fouling can be harmful to the equipment and can decrease the efficiency of heat exchangers. Unlike the brush-type tube cleaning system, ball-type is an inline cleaning system, which means that there is no need to shut down the plant for periodic cleaning of heat exchanger tubes or interrupt the plant operation.

Power generation industry is expected to grow at highest CAGR owing to extensive use in maintaining the efficiency of the heat exchangers used in the power generation industry

In the power plant, water-based cooling systems necessarily suffer from fouling of heat exchanger surfaces. This leads to a reduction in efficiency, which, in turn, increases energy use, emission of CO2 and NOx, and operating costs. Thus, fouling reduces chiller heat transfer efficiency and increases energy consumption in the power plant, which can lead to a dramatic loss in unit output, unit availability, and revenue. Hence, automatic tube cleaning systems are installed to enable power plants to generate electricity at maximum efficiency by removing suspended solids automatically and continuously

APAC is expected to hold largest market size, owing to growing need for energy saving and improving operational efficiency in various industries drives the market for automatic tube cleaning systems in APAC.

China and India are among the major countries in APAC having a significant number of coal-fired power plants. Easy availability of coal makes thermal power a preferred source of electricity generation. Increasing population and rapidly growing industrialization have made China the largest electricity producer in the world. China, being a global manufacturing hub, holds the immense potential for the growth of the automatic tube cleaning system market. Japan has reinstated its faith in coal-fired power plant and it planned to have 25% share of coal-fired power plant in its energy mix by 2030 as compare to earlier target of 10%. Moreover, it has also brought 8 power plant online in past two years. This drives the market for automatic tube cleaning systems in APAC.

TAPROGGE (Germany), Hydroball (Singapore), Ovivo (US), WesTech (US), BEAUDREY (France), Ball Tech (Israel), Nijhuis (Netherlands), WSA Engineered Systems (US), and Watco (Singapore) are a few major companies in this market.

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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.

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

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Monday 24 May 2021

Radar Level Transmitter Market worth $581.2 million by 2023

 

According to the new market research report "Radar Level Transmitter Market by Technology (Contact (Guided Wave Radar), Noncontact (Pulsed & FMCW)), Frequency (C & X, K, and W Band), Application (Liquids, Solids), Industry (Oil & Gas, Chemicals, Food & Beverages), and Region - Global Forecast to 2023", the radar level transmitter market is expected to grow from USD 428.0 million in 2018 to USD 581.2 million by 2023, at a CAGR of 6.3% from 2018 to 2023. Benefits of high accuracy, reliability, and stability offered by radar level transmitters; increasing demand for radar level transmitter in the water & wastewater industry; and growing emphasis on optimum utilization and efficiency of assets are some of the factors driving the growth of the radar level transmitter market.

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Noncontact radar level transmitters is estimated to hold the largest size of the overall radar level transmitter market in 2018

Noncontact radar level transmitters is estimated to hold the largest market size, in terms of value, in 2018. The oil & gas and chemicals industries are highly dependent on proper level control to ensure safety and efficiency. Level measurement instruments required in these industries must operate in explosive/flammable and acidic/basic environments; noncontact radar level transmitters are a suitable option here as they can safely, reliably, and accurately perform under such hazardous conditions. Moreover, the performance of noncontact radar level transmitter is unaffected by contaminants and can produce highly accurate measurements in storage tanks and process vessels. Growing adoption on noncontact transmitters in these industries as an easy-to-use and low-maintenance level measurement solution is expected to drive the demand during forecast period.

K band radar level transmitters is estimated to be the largest noncontact radar level transmitter market in 2018

K band radar level transmitters are the most widely used transmitters in process industries. These transmitters operate in the frequency range of ~26 GHz. They have a more focused beam angle and smaller process connection sizes than C and X band radar level transmitters. Such transmitters are ideal for use in tanks and vessels with moderate process conditions and long distance applications with smooth surfaces. K band radar transmitters are mostly used for level measurement of lower dielectric products, and they offer accurate level measurement under conditions of condensation, vapor, dust, foam, etc. However, the performance of such transmitters is affected by heavy vapors (e.g., anhydrous ammonia and vinyl chloride monomer) and dense foam (e.g., latex and molasses).

Liquids, slurries, and interface measurement applications expected to dominate the radar level transmitter market from 2018 to 2023

A majority of radar level transmitters are used for level measurement of liquids, slurries, and interfaces. Since guided wave radar level devices have no moving parts, they require minimum maintenance; these transmitters can measure both level and interface between 2 media. Noncontact radar level transmitter devices require no direct contact with liquid media, owing to which, they are used for measuring a wide variety of hazardous liquids, such as heated heavy asphalt and cryogenic liquefied gases like liquefied natural gas (LNG).

Oil & gas industry to dominate the radar level transmitter market from 2018 to 2023

The oil & gas industry is the key end user in the radar level transmitter market. Radar level transmitters are used for a variety of processes in the oil & gas industry, including level monitoring to check for toxins such as methanol, isopropanol, ethylene glycol monobutyl ether (2-butoxyethanol), ethylene glycol (1,2-ethanediol), hydrotreated light petroleum distillates, and sodium hydroxide (caustic soda). Radar level transmitters provide a high-performance and cost-effective means for continuous level measurement in the oil & gas industry. Other applications of radar level transmitters in the oil & gas industry include monitoring effluent tanks, oil separators, and hydraulic oil tanks.

North America to dominate the radar level transmitter market from 2018 to 2023

North America is expected to dominate the global radar level transmitter market during the forecast period. The US and Canada are the major contributors to the growth of the radar level transmitter market in North America. Rapid growth in shale-gas production and innovations in oil & gas extraction processes are the key factors driving the demand for radar level transmitters in North America. It is a developed region in terms of manufacturing processes; it has well-established industries such as oil & gas, food & beverages, and chemicals. Moreover, industrial and wastewater treatment contributes to the growth of radar level transmitter market and is one of the major markets in North America.

The radar level transmitter market was dominated by the key players such as Endress+Hauser (Switzerland), Emerson Electric (US), VEGA Grieshaber (Germany), Siemens (Germany), and KROHNE (Germany).

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

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

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Optical Emission Spectroscopy Market worth 792.4 million USD by 2023

 

According to the market research report "Optical Emission Spectroscopy Market by Offering (Equipment, Services) Form Factor, Excitation Source Type (Arc/Spark OES, ICP-OES), Detector Type, Vertical (Automotive, Scrap & Recycling, Aerospace & Defense), and Geography - Global Forecast to 2023", the optical emission spectroscopy (OES) market is estimated to grow from USD 582.2 million in 2018 to USD 792.4 million by 2023, at a CAGR of 6.36% from 2018 to 2023. The growth of the market is driven by the enforcement of stringent government safety regulations and quality control requirements across various sectors, and technological enhancements and increased functionalities.

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Optical emission spectroscopy services market to grow at higher CAGR during forecast period

The optical emission spectroscopy (OES) services market is expected to grow at the highest CAGR from 2018 to 2023. Increasing involvement of third-party service providers, such as SGS, Bureau Veritas, and Intertek, is likely to drive the overall services market. Outsourcing activity is likely to be preferred by most of the small and mid-sized companies owing to the benefits such as quick full-fledged results, timely analysis, and lesser investments in equipment. However, the market for OES equipment will continue to lead the market, in terms of market share. Growing use of portable OES analyzers in metal producing and processing industries, such as metals and heavy machinery, automotive, aerospace & defense, and scrap and recycling industries; and rising use of ICP-OES across food & beverages, chemicals, pharmaceutical, and environmental industries are likely to increase the adoption of OES instruments.

Automotive, scrap and recycling, aerospace & defense, and metals and heavy machinery to hold largest share of optical emission spectroscopy market in 2018

Automotive, scrap and recycling, aerospace & defense, and metals and heavy machinery together is expected to hold a share of nearly 65% of the global optical emission spectroscopy equipment market in 2018. The automotive vertical is expected to hold high market shares of the global arc/spark optical emission spectroscopy equipment, and the global ICP optical emission spectroscopy equipment market in 2018. In the automotive vertical, OES analyzers form an important tool for quality control because it enables inspectors to identify and confirm different alloys and metals in parts of products, and thereby ensuring quality control.

APAC to hold largest share of optical emission spectroscopy market in 2018

APAC is expected to hold the largest share of the OES market in 2018. Continuous advancements in APAC, in terms of economic growth, infrastructural developments, and the automotive vertical are likely to increase OES equipment requirement in this region. APAC is a major market for various sectors such as consumer electronics, automobile, and defense. This region has become a global focal point for large investments and business expansion opportunities. APAC experiences steady growth in all sectors. In the automotive sector, this region accounted for more than 50% of the overall passenger car production as of 2016.

Thermo Fisher Scientific (US), Ametek (US), Bruker (US), Hitachi High Technologies Corporation (Japan), Shimadzu (Japan), Horiba (Japan), PerkinElmer (US), Agilent Technologies (US), Skyray Instrument (US), and Analytik Jena (Germany) are among the major players in the global optical emission spectroscopy equipment market. SGS (Switzerland), Bureau Veritas (Japan), Intertek (UK), TÃœV SÃœD (Germany), and Element Materials Technology (UK) are the major players in the optical emission spectroscopy services 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.

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

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

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Artificial Intelligence in Cybersecurity Market worth $38.2 billion by 2026

 

The report "Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Software, and Service), Deployment Type, Security Type, Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End User, and Geography- Global Forecast to 2026", is projected to reach USD 38.2 billion by 2026 from USD 8.8 billion in 2019, at the highest CAGR of 23.3%. Major drivers for the market’s growth are growing adoption of IoT and increasing number of connected devices, rising instances of cyber threat, growing concerns of data protection, and increasing vulnerability of Wi-Fi networks to security threats. Furthermore, underlying opportunities for the AI in cybersecurity market include growing need for cloud-based security solutions among SMEs, and increased use of social media for business functions. Major restraints for the market are inability of AI to stop zero-day and advanced threats, and rise in insider cyber threats. Limited number of cybersecurity and AI professionals, and lack of interoperability with existing information systems pose major challenges to the AI in cybersecurity market.

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"Artificial Intelligence in Cybersecurity Market - Global Forecast to 2026"


Cloud-based deployment type for AI in cybersecurity to grow at higher CAGR during forecast period

Cloud deployment type is expected to grow at a higher rate during the forecast period. Several businesses have already moved a part of their operations to the cloud, which has led security vendors to develop cloud-based solutions as the data to be protected is on the cloud. Migrating to the cloud has benefits such as enhanced flexibility, control, and scalability. Cloud deployment significantly reduces the capital investment that is required to implement cybersecurity solutions; this is among the major reasons for the increased demand for cloud-based cybersecurity from most enterprises.

Automotive and transportation to hold largest size of AI in cybersecurity market during forecast period

Of all the types of end users, automotive and transportation to hold the largest market size of the AI in cybersecurity market during the forecast period. In the automotive industry, Big Data poses a significant problem with connected car becoming more of a gadget than a purely physical product, constantly synced and updated. It now produces huge amounts of data. Combining machine learning with Big Data analytics presents an opportunity to make sense of the huge volumes of valuable data collected from vehicles, servers, and smart mobility services. Using machine learning, patterns of “normal” behavior can serve as baselines to identify anomalies from cyber threats and policy violations to vehicle and driver irregular behaviors.

North America is major contributor for AI in cybersecurity and is expected to hold largest market size in next 5 years

North America is among the major contributors to the AI in cybersecurity market, and the US accounted for the largest share of the market in North America in 2018. The global AI in cybersecurity market is dominated by North America as the region is an early adopter of AI. North America is an early adopter of innovative technologies as banks, government agencies, and financial institutes in this region face ever-increasing challenges related to cyber threats. Therefore, advanced technologies are implemented to manage the cyber security landscape. Moreover, several cybersecurity vendors are based in this region, thereby contributing to the growth of the AI in cybersecurity market in North America.

NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Darktrace (UK),  Cylance Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), and Symantec Corporation (US) are a few major players in the AI in cybersecurity market

About MarketsandMarkets™

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

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Tuesday 18 May 2021

Pneumatic Tube System Market expected growth $2.6 billion by 2024

 

According to the new market research report on the "Pneumatic Tube System Market by System Type, System Configuration (Multiline, Single-Line, & Point-to-Point), Function (Fully Automatic & Semi-Automatic), End User (Medical and Healthcare, Commercial, & Industrial), and Region - Global Forecast to 2024", the pneumatic tube system market is estimated to grow from USD 1.9 billion in 2019 to USD 2.6 billion by 2024, at a CAGR of 6.9%. The market is mainly driven by demand for automation in material handling across industries, growing medical automation for reproducibility and accuracy, emerging e-commerce industry, and enhanced productivity enabled by improved supply chain processes.

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"Pneumatic Tube System Market - Global Forecast to 2024"

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Market for multiline pneumatic tube system to grow at highest CAGR during forecast period

The market for multiline system is expected to grow at the highest CAGR during the forecast period. The increasing deployment of pneumatic tube systems in sectors other than healthcare and solutions to many internal logistics problems attribute to the highest rate of multiline systems. The market for single-line systems is expected to grow at the second highest CAGR during the forecast period.

Fully automatic function to hold largest share of pneumatic tube system market during forecast period

Fully automatic is expected to hold a larger share of the pneumatic tube system market, by function, during the forecast period. Reasons for larger share of the fully automatic pneumatic tube system market are their ability of transferring high volume and ease of system expansion. Fully automatic systems usually are installed when a large number of interacting stations are required within a department. With the ability of transferring high volume and ease of system expansion, fully automatic systems are viable options for inter-departmental logistics.

Growing technological advancement to create demand for pneumatic tubes in the commercial sector

The pneumatic tube system market for the commercial sector is expected to grow at the highest CAGR during the forecast period. With the increasing adoption of logistics automation within commercial businesses, commercial end user segment has created a big shift in the overall pneumatic tube system market. Also, growing technological advancement and demand for automation in logistics are expected to create demand for pneumatic tubes in the commercial sector.

Americas to remain a major consumer of pneumatic tube systems during the forecast period

The Americas is expected to be a major consumer for pneumatic tube system solutions during the forecast period. The Americas is the largest market for pneumatic tube systems due to the large number of hospitals, banks, government buildings, casinos, toll plazas, and other fields adopting these systems. Moreover, the growing emphasis of department connectivity and less time processing between courier sending and receiving boosted the demand for pneumatic tube systems in general.

The report profiles the most promising players in the market. 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 Aerocom Systems (Germany), Swisslog Holding (Switzerland), Pevco (US), Kelly Systems (US), Quirepace (UK), Eagle Pneumatic (US), Telecom Bedrijfscommunicatie (Netherlands), Siebtechnik (Germany), Hamilton Security (US), Airlink International (US), Hanazeder Electronic (Austria), Colombo Pneumatic Tube Systems (US), Hanter Ingenjörsteknik (Sweden), Oppent (Italy), S&S Engineering (Japan), Air-Log (Germany), Thalmayr (Austria), Zip Pneumatics (US), Lamson Group (US), and Sumetzberger (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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Edge AI Hardware Market Shipment to reach 1559.3 million units by 2024

 The report "Edge AI Hardware Market by Device (Smartphones, Cameras, Robots, Automobile, Smart Speakers, Wearables, and Smart Mirror), Processor (CPU, GPU, ASIC and Others), Power Consumption, Process, End User Industry, and Region - Global Forecast to 2024", The edge AI hardware market is expected to register a shipment of 610 million units in 2019 and is likely to reach 1559.3 million units by 2024, at a CAGR of 20.64% during the forecast period. Major drivers for the market’s growth are growing demand for low latency and real-time processing on edge devices and emergence of AI coprocessors for edge computing. Further, underlying opportunities for the edge AI hardware market include growing demand for edge computing in IoT and dedicated AI processors for on-device image analytics. Major restraints for the market are limited on-device training and limited number of AI experts. Power consumption and size constraint pose major challenges to the edge AI hardware market.


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In Term of Device Type, the Market for Cameras is Expected to Grow at the Highest CAGR During the Forecast Period in the Edge AI Hardware Market

Cameras have been an integral part of various smart devices with Wi-Fi support, smart functions, superior speed, and enhanced performance for years. However, cameras as standalone smart devices with vision processing units (VPU) that help deliver power-efficient solutions for vision and artificial intelligence are now entering the market. Such devices are designed to run deep neural networks at high speed and low power without compromising on accuracy, which enables devices to see, understand, and respond to their environment in real time. The VPU market is constantly witnessing advancements. For instance, the previous-generation Myriad 2 VPU developed by Movidius offered deep neural network support at relatively low power. The new Myriad X VPU (introduced by Intel (US) in August 2017), however, can achieve roughly 10X better performance; with multiple neural networks running simultaneously, to offer extended autonomous capabilities across wide range of applications such as drones, robotics, VR, and smart cameras. Due to developments like these, the market is witnessing an influx of cameras powered by AI chips that allow these devices to judge moment’s best suited to capture stills or videos.

Smartphones is Expected to Hold the Largest Market for Edge AI Hardware

Dedicated AI chip or AI processors were one of the major developments in the smartphone technology last year. Increasing demand for real-time speech and voice recognition and analysis, as well as technical advancements in smartphone image recognition is driving the market for AI processors in smartphones. A majority of AI processors have an additional inbuilt Neural Processing Unit (NPU) that can handle significant amounts of parallel processing, uses low power, and is capable of cognitive tasks. Till date, most AI-related processing like prediction, detection, pattern matching, and classification tasks on mobile apps and assistants take place primarily in the cloud. However, with AI processors built in a phone, these AI tasks could be carried out right on the device, even without any connectivity; this would not only improve performance of the device, but also reduce strain on the battery. The AI features in smartphones at present are mainly focused on imaging and photography, power efficiency and security

In APAC, China is the Largest Contributor for Edge AI Hardware Market in Terms of Market Share

Currently, China is undertaking many projects, especially in the infrastructure sector, such as rail, airport, stadiums, and highway systems that are expected to require high-definition surveillance systems, which can capture clear images even in darkness. China is home to video surveillance players such as Dahua (China) and Hikvision (China) that dominate the video surveillance hardware market. Both Hikvision and Dahua have already launched deep learning surveillance cameras in the market. China has already started deploying cloud AI based surveillance cameras to monitor its citizens. This development will lead to adoption of edge AI in surveillance cameras. China is among the highest spenders on the manufacturing sector in APAC. The manufacturing sector in China is growing rapidly, resulting in the introduction of new robotics and big data technologies. In addition, China, being a global manufacturing hub, holds immense potential for the automotive industry. These factors are expected to fuel the growth of the edge AI hardware market in China as AI is increasingly being used in the country’s automotive and transportation sectors.

Intel Corporation (US), NVIDIA Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Huawei Technologies Co., Ltd. (China), Google Inc. (US), MediaTek Inc. (Taiwan), Xilinx Inc. (US), Imagination Technologies Limited (UK), and Microsoft Corporation (US) are a few major players in the edge AI hardware market.

About MarketsandMarkets™

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

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Digital Signage Market expecting growth worth $27.8 billion by 2026

 The report "Digital Signage Market with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Product, Display Size, Installation Location, Application (Retail, Healthcare, Hospitality, BFSI, Education), and Geography - Global Forecast to 2026", will grow to USD 27.8 billion by 2026 (forecast year) from USD 16.3 billion in 2021 (estimated year), at a CAGR of 11.2% between 2021 to 2026. The key drivers fueling the growth of this market include the growing adoption of digital signage in commercial applications, increasing infrastructure developments in emerging countries, surging demand for 4K & 8K resolution displays, and ongoing technological advancements in displays.


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The hardware segment to hold the largest market share in 2026

The hardware segment of the digital signage market, by offering is estimated to hold the largest market share in 2026. The rapid adoption of display technologies such as direct-view LED and OLED offering ultra-high definition (UHD), 4K, and 8K resolutions complemented by the growing adoption of digital signage in commercial industries is expected to drive hardware segment market growth. Additionally, the increasing adoption of large screen digital signage in the retail sector and advertising spaces as a suitable replacement for traditional signboards would boost the growth of the hardware segment in coming years.

The outdoor installation segment to register higher CAGR during the forecast period

The outdoor installation segment of the digital signage market, by installation location, is projected to register the higher CAGR during the forecast period. This growth can be attributed to various technological developments related to digital signage display as a result of which businesses have the option to choose from a wide variety of high brightness, highly attractive displays in different sizes and configurations offering brightness of more than 2000 nits, making them perfectly suitable for outdoor locations. Moreover, with recent advancements in display technology, digital displays have become less prone to harsh outdoor environments and deliver excellent product life.

APAC is projected to hold the largest share of the digital signage market in 2026

APAC is expected to hold the largest share of the digital signage market in 2026. Increasing adoption of the Internet of Things (IoT) and technologies that enable digital transformation across various sectors such as commercial, institutional, infrastructure, and industrial has fueled the demand for digital signage in APAC. In addition, strong economic growth, rise in consumerism, growth in the standards of living, increase in disposable income, high technological advancements, growth of retail space, and changes in lifestyles have accelerated the adoption of strong and reliable advertising media in the countries of the region.

Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan), Leyard Optoelectronic (US), Sony Corporation (Japan), Barco (Belgium), Panasonic Corporation (Japan), Shanghai Goodview Electronics (China), AU Optronics (Taiwan), and BrightSign (US) are the key players in the global digital signage market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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

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EUV Lithography (EUVL) Market worth $10.3 billion by 2023

 

The report "EUV Lithography (EUVL) Market by End User (Integrated Device Manufacturer (IDM) and Foundry Companies), Equipment (Qualitative), and Geography (The Americas and Asia Pacific) - Global Trend and Forecast to 2023", is estimated to grow from USD 3.0 billion in 2018 to USD 10.3 billion by 2023; it is expected to grow at a CAGR of 28.2%. The market is expected to witness lucrative growth in the next 5 years. Developing defect-free masks, improving the reflectivity of mirrors with minimal abortion, and increasing the output power of EUV light to increase the overall efficiency of EUVL system are the major technological developments that drive EUV Lithography market.

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"Extreme Ultraviolet Lithography (EUVL) Market - Global Trend and Forecast to 2023"

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IDM segment held largest share in 2017

Leading IDMs in the EUV lithography market are Samsung (South Korea) and Intel (US). These companies have invested in ASML’s (Netherlands) R&D for the development of EUVL and have been the key customers of EUVL. For instance, in 2014, Samsung (South Korea) has successfully processed 200,000 wafers with EUV lithography technology. In addition to this, Intel (US) placed around 15 orders at ASML (Netherlands) for EUV lithography to integrate in its newly developing plants. Therefore, the IDM held the largest market of EUV lithography in 2017

APAC to hold larger share during forecast period

The market growth in APAC is attributed to the increasing demand from Fab-less players at leading foundries in the region and growing number of wafer processing capability. Additionally, there is a wide presence of a large number of foundries and leading IDMs such as Samsung (South Korea), SK Hynix (South Korea), and Toshiba (Japan). TSMC (Taiwan), the world’s leading foundry, is investing in the expansion of its wafer-processing capability and is planning to invest in the EUV lithography technology as well. The emerging market for performance and storage memory in growing consumer applications will significantly boost the adoption of EUV lithography in APAC.

The market for IDM in the Americas expected to grow at higher rate during forecast period

The Americas is among the largest producers of memory chips in the world. The presence of world’s leading IDMs such as Intel (US) and GLOBALFOUNDRIES (US) in the Americas and their process of manufacturing at smaller nodes, such as 7 nm and 5 nm, are the key enablers for the development of the EUV lithography market in the Americas. In addition, the region has the highest demand for advanced electronics, which eventually drives the adoption of EUV lithography in the Americas.

Key players in the EUV lithography market include ASML Holding (Netherlands), Nikon (Japan) and Canon (Canon) (Japan) Carl Zeiss (Germany), Toppan Printing (Japan), NTT Advanced Technology (Japan), Intel (US), Samsung (South Korea), SK Hynix (South Korea), Toshiba (Japan), TSMC (Taiwan), and GLOBALFOUNDRIES (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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

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Depth Sensing Market worth 7.72 Billion USD by 2023

 According to the new market research report on the "Depth Sensing Market by Component, Type, Technology (Stereo Vision, Structured Light, Time-of-Flight), Vertical (Automotive, Building Automation, Consumer Electronics, Industrial and Medical) and Geography - Global Forecast to 2023", this market is expected to grow from USD 4.40 Billion in 2018 to USD 7.72 Billion by 2023, at a CAGR of 11.89%   between 2018 and 2023. The major factors driving the growth of the depth sensing market include the growing smartphone market, increasing adoption of dual-camera smartphones, rising use of depth sensing technology in AR-VR gaming applications, and increasing requirement of security and surveillance systems.

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Camera/lens module to hold largest market size by 2023

Camera/lens module is likely to propel the depth sensing market growth owing to the increasing demand for better quality images and applications such as face recognition, gesture control, and gaming.

Market for time-of-flight technology to grow at highest CAGR during 2018–2023

The depth sensing market for time-of-flight technology is likely to grow at the highest CAGR during the forecast period. The growth of the depth sensing market for time-of-flight technology can be attributed to the low power consumption, accurate depth data, and relatively simple software and hardware requirements.

Consumer electronics vertical to hold larger share of depth sensing market by 2023

Consumer electronics vertical is expected to contribute significantly to the depth sensing market. Owing to the increasing demand for applications such as face recognition, gesture control, AR-VR, and scanning. Depth sensing applications such as AR-VR gaming, infrastructure 3D model, and navigation mainly require 3D scanning or environmental scanning. To meet the demands of these applications, the market for scanning applications is expected to increase during the forecast period. For example, Creative (US) offers BlasterX Senz3D; this module is used for 3D scanning applications

Depth sensing market in APAC to grow at highest CAGR during 2018–2023

The market in APAC is expected to grow at the highest CAGR during the forecast period.  APAC is the largest- and fastest-growing market because more than 95% of the demand for depth sensing is from consumer electronics applications, which includes smartphones and tablets, laptops, and gaming headsets.

The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with. Texas Instruments (US), Infineon Technologies (Germany), Qualcomm (US), Occipital (US), Stereolabs (US), Creative (Singapore), pmdtechnologies (Germany), Sony Depthsensing Solutions (Belgium), BECOM BLUETECHNIX (Austria), Intel (US), Melexis (Belgium), Tower semiconductor (Israel), Vrmagic (Germany), Aquifi (US), Nerian Vision Technologies (Germany), Espros (Switzerland), Sunny Optical Technology (China), PrimeSense (Israel), ASUSTeK Computer (Taiwan), and LIPS Corporation (Taiwan) are the key players in this 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.

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

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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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sales@marketsandmarkets.com

Monday 17 May 2021

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 - Global Forecast to 2023"
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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.

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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

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

Interactive Kiosk Market worth $32.8 billion by 2025

 The report "Interactive Kiosk Market by Offering (Hardware and Software & Services), Type (Bank Kiosks, Self-service Kiosks, and Vending Kiosks), Location (Indoor and Outdoor), Panel Size (17”-32” and Above 32”), Vertical, and Region - Global Forecast to 2025", is expected to grow from USD 26.2 billion in 2020 to USD 32.8 billion by 2025, at a CAGR of 4.6%. The growth of this market is driven by factors such as enhanced shopping experience for customers, lower investment costs than traditional outlets, enhanced applications other than conventional ones, and innovations in touch screen display and glass technology.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221409707

Browse 103 market data Tables and 51 Figures spread through 150 Pages and in-depth TOC on "Interactive Kiosk Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/interactive-kiosks-market-221409707.html

Interactive kiosk market for bank kiosks expected to grow at the highest CAGR during the forecast period

Interactive kiosks are largely used for banking and financial services. The market for bank kiosks is expected to register the highest CAGR during the forecast period. The bank kiosks, through their ability to perform different functions, provide more convenient, flexible, high-performance, point-of-interaction solutions to consumers for their banking activities. The customers can complete standard transactions and get remote assistance for complex transactions through these kiosks.

Panel size above 32” is expected to grow at higher CAGR from 2020 to 2025

The market for above 32” interactive kiosks are expected to grow at a higher CAGR from 2020 to 2025. These large-sized displays are very expensive. Hence, they are primarily used in some niche applications. However, improved product performance and reduced cost are expected to open up new application areas for these displays in the corporate, educational, hospitality, and retail sectors during the forecast period.

APAC expected to grow at highest CAGR during forecast period

The interactive kiosk market is rapidly expanding in APAC. The growth of the market in APAC can also be attributed to the advancements in technology and emergence of new business models. The booming retail sector and emerging infrastructures in the region would further facilitate the growth of the kiosks in the APAC region. The growing popularity of kiosk products, large potential customer base, and technological advancements taking place in countries such as India and China are the factors contributing to the growth of the interactive kiosk market in APAC.

Some of the major players operating in the interactive kiosk market are KIOSK Information Systems (US), Olea Kiosks Inc. (US), Frank Mayer and Associates, Inc. (US), Source Technologies (US), NCR Corporation (US), Diebold Nixdorf (US), Embross (Canada), Meridian Kiosks (US), REDYREF Interactive Kiosks (US), lilitab, LLC (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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

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