Semiconductor and Electronic Market Research Report Study

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

Tuesday 26 July 2022

Interactive Kiosk Market expected to reach $39.1 billion by 2027

The report "Interactive Kiosk Market with COVID-19 Impact by Offering (Hardware and Software & Services), Type (Bank Kiosks, Self-service Kiosks and Vending Kiosks), Location (Indoor and Outdoor), Panel Size, Vertical and Region - Global Forecast to 2027", is projected to grow from USD 28.8 billion in 2022 and is projected to reach USD 39.1 billion by 2027; it is expected to grow at a CAGR of 6.3 % from 2022 to 2027.

• Informational PDF Brochure :-

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Browse 172 market data Tables and 60 Figures spread through 278 Pages and in-depth TOC on "Interactive Kiosk Market with COVID-19 Impact by Vertical and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/interactive-kiosks-market-221409707.html

The growth of this market is driven by factors such as enhanced shopping experience for customers, rising demand for self-service in banking & financial services, enhanced applications over conventional services and innovations in touch screen display and glass technology.

“Interactive kiosk market for bank kiosks expected to grow at the highest CAGR from 2022 to 2027 ”

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. Factors such as the incorporation of modern technology in the banking sector and initiatives taken by banks to combine technology and the finance sector to cut down labor costs and bring about a more technical approach to banking are driving the interactive kiosk market for bank kiosks.

“ Panel size above 32” is expected to grow at higher CAGR from 2022 to 2027”

The market for above 32” interactive kiosks are expected to grow at a higher CAGR from 2022 to 2027. The panels with 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 order taken from customers, though the market has the highest growth in the healthcare and hospitality sectors. 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.

“ Interactive kiosk market for software & services segment to witness highest CAGR during the forecast period”

The for software & services offering segment is expected to witness higher growth during the forecast period. Software solutions play a major role as the kiosk supplies have to provide customized solutions to the sellers as per the product and location requirements. With progressing technologies, robust and user-friendly software solutions are being deployed for the smooth functioning of kiosks. Hence, the interactive kiosk market for software would experience a high growth owing to these advanced software solutions. Similarly, services that include deployment, installation, training, maintenance, upgrades, and technical support are major concerns for kiosks.

“ North America held significant share of interactive kiosk market in 2021 and is expected to follow the trend by 2027”

North America is expected to account for the largest share of the interactive kiosk market during the forecast period. The interactive kiosk market in North America is driven by various factors such as the need to save time, need for accuracy, high living standard compared with other regions and efficiency in retail services. Interactive kiosk manufacturers in North America are focused on manufacturing precise and fast. The retail sector in the US is moving toward a more solution-oriented approach. This has motivated manufacturers to come up with highly automated products. The favorable economic conditions prevailing in North America and the growing demand for kiosk services among customers have encouraged various end-user industries involved in mainstream automated operations to carry out easy and quick point-of-sale (PoS) services.

Key players in the interactive kiosk market include KIOSK Information Systems (US), Olea Kiosks Inc. (US), Frank Mayer and Associates, Inc. (US), Source Technologies (US), NCR Corporation (US), GLORY LIMITED (Japan), Diebold Nixdorf (US), Embross (Canada), Meridian Kiosks (US), REDYREF Interactive Kiosks (US), lilitab, LLC (US).

Apart from these, Korala Associates Limited (KAL) (US), Acante Solutions Limited (UK), SlabbKiosks (US), IntuiFace (France), Aila Technologies (US), Advanced Kiosks (US), Dynatouch (US), LamasaTech (UK), Shenzhen Lean Kiosk Systems Co., LTD (LKS) (China), are among a few emerging companies in the interactive kiosk market.

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

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Virtual Production Market Trends worth USD 5.1 billion Impact Analysis CAGR of 14.5% by 2027

Recent Developments in Virtual Production Market

#1 May 2022, Mo-Sys Engineering Ltd. announced the launch of new Virtual Manufacturing courses to meet the rising need for educated technicians in the virtual production industry. This enhanced and comprehensive program has been meticulously crafted and is expected to be taught by the Mo-Sys' Academy.

#2 April 2022, HTC VIVE launched its first turnkey virtual production product, VIVE Mars CamTrack. It makes virtual production fast, easy, and affordable by consolidating the entire camera tracking workflow into a compact, plug-and-play module with professional-grade features. VIVE Mars CamTrack lets actors jump into any number of virtual backdrops in real-time during production, in many cases eliminating the need to shoot onsite and empowering filmmakers to unleash their full creative potential.

Projected Surge in Revenue Generation:

The virtual production market is projected to grow from USD 2.6 billion in 2022 to USD 5.1 billion by 2027, at a CAGR of 14.5% from 2022 to 2027. Establishment of new virtual production studios expected to create lucrative opportunities for the growth of virtual production market in near future.

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

Adobe Inc. (US), NVIDIA Corporation (US), Sony Group (Japan), Autodesk Inc. (US), Technicolor (France), HTC Corporation (Taiwan), Vicon Motion Systems Ltd (UK), SideFX (Canada), Epic Games (US), Mo-Sys Engineering Ltd. (UK), are some key players in the virtual production market. To retain their presence in the virtual production market, these players have adopted various growth strategies, such as product launches, acquisitions, expansions, partnerships, collaborations, mergers, and contracts. Product launches have been the most dominating strategy adopted by the key players from 2018 to 2022 to help them strengthen their product portfolio and broaden their customer base.

Increasing demand for VFX and CGI in movies stimulates market growth

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

Movies segment to capture the lion’s share in the virtual production market

In 2021, the movies segment accounted for the largest share of the virtual production market. The rising trend in moving movies from theaters and multiplexes to over-the-top (OTT) platforms enables producers to access broader audiences. The substantial budgets of movies and increasing demand for VFX-based movies have led to the growth of the movies segment. As stated in the Theme Report 2021 published by the Motion Picture Association, the production of new movies continued to skyrocket post the pandemic. In 2021, approximately 940 films were initiated for production in the US. However, in 2018, 2019, and 2020 only 808, 814, and 443 films were produced during the respective years.

Adobe Inc.

Adobe Inc. is one of the world's largest and most diverse software companies. It provides a suite of tools and services for photographers, video editors, graphic and experience designers, and game developers; communicators, such as content creators, students, marketers, and knowledge workers; businesses of all sizes; and consumers for creating, managing, delivering, measuring, optimizing, engaging, and transacting with compelling content and experiences across personal computers, smartphones, and other electronic devices. It provides various products that pertain to the virtual production market through the Digital Media segment. Furthermore, it provides products, services, and solutions that enable individuals, teams, and enterprises to create, publish and promote their content anywhere and accelerate their productivity by modernizing how they view, share, engage with, and collaborate on documents and creative content. The segment is centered around Adobe Creative Cloud and Adobe Document Cloud.

NVIDIA Corporation

NVIDIA Corporation is a pioneer in GPU-accelerated computing. It specializes in products and platforms for the large, growing markets of gaming, professional visualization, data center, and automotive. It provides virtual production solutions through one of its markets named professional visualization. It collaborates with third-party software providers to improve their solutions for NVIDIA GPUs. These GPU computing solutions boost productivity and provide new capabilities to crucial workflows in a variety of industries, including design and manufacturing, as well as digital content creation. Professional video editing and post-production, special effects for films, and broadcast-television graphics are all examples of digital content creation.

Related Reports:

Virtual Production Market by Offering (Hardware, Software, Services), Type (Pre-Production, Production, Post-Production), End User (Movies, Television Series, Commercial Advertisement, Online Videos), Region - Global Forecast to 2027

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Monday 25 July 2022

Augmented Reality Market worth $88.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 31.5%

Recent Developments in the Global Augmented Reality Market:

#1 Microsoft launched its new app called Microsoft Mesh that gives users across AR/VR meeting space to interact with other users and 3D content, handling all the technical hard parts of sharing spatial multiplayer experiences over the web.

#2 Microsoft won a contract from the US Army to supply HoloLens technology. The deal is worth about USD 22 billion, lasting for 10 years when Microsoft will provide the military with 120,000 AR headsets.

Projected Surge in Revenue Generation:

Augmented Reality Market with COVID-19 Impact Analysis, by Device Type (Head-mounted Display, Head-up Display), offering (Hardware, Software), Application (Consumer, Commercial, Healthcare), Technology, and Geography - Global Forecast to 2026 published by MarketsandMarkets, the augmented reality market was valued at USD 14.7 billion in 2020 and is projected to reach USD 88.4 billion by 2026; it is expected to grow at a CAGR of 31.5% from 2021 to 2026.

• Informational PDF Brochure :-
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Browse 169 market data Tables and 61 Figures spread through 216 Pages and in-depth TOC on "Augmented Reality Market - Global Forecast to 2026"
View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/augmented-reality-market-82758548.html

Major Growth Boosting Factors:

Hardware segment to account for the largest share of augmented reality market during the forecast period

On the basis of offering, the augmented reality market has been segmented into hardware and software. The hardware segment of the augmented reality market is projected to witness a higher growth rate than the software segment, owing to the increasing adoption of augmented reality hardware globally.

Consumer application to account for the largest share of augmented reality market during the forecast period

On the basis of application, the augmented reality market has been segmented into consumer, commercial, aerospace & defense, healthcare, enterprises (manufacturing), automotive, energy, and others. The consumer application segment is projected to account for the largest size of the augmented reality market from 2021 to 2026.

Geographic Analysis

North America
Europe
APAC
RoW

APAC to account for the largest share of augmented reality market during the forecast period

The flourishing enterprises (manufacturing) sector in China and Japan is projected to fuel the growth of the augmented reality market in APAC. The gaming industry in this region has also witnessed significant growth, thereby contributing to the increased demand for augmented reality technology in APAC. Additionally, rising investments in commercial applications of augmented reality are also expected to contribute to the growth of the market in APAC. Moreover, the thriving healthcare and automotive sectors in Japan are also projected to drive the demand for AR technology in the region.

Some key companies operating in the market are Google, Inc. (US), PTC Inc. (US), Seiko Epson (Japan), Microsoft (US), Lenovo (Hong Kong), Samsung Electronics (South Korea), Apple (US), and so on.

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SCADA Market Trends worth $13.2 Billion Impact Analysis CAGR of 7.6% by 2026

Recent Developments in SCADA Industry

#1 Emerson Electric acquired Progea Group (Italy), one of the key providers of plant analytics, IIoT, HMI, and SCADA technologies. The acquisition enables the addition of Progea’s analytics, industrial visualization, and IIoT capabilities to enhance Emerson’s embedded software and control portfolio.

#2 Schneider Electric developed the next-gen EcoStruxure Power, an IoT-enabled platform that digitizes, optimizes, and simplifies electrical distribution systems to make them safer, smarter, and faster.

According to the new market research report "SCADA Market with COVID-19 Impact by offering (Hardware, Software, Services), Component (Programmable Logic Controller, Remote Terminal Unit, Human‒Machine Interface, Communication System), End User, and Region - Global Forecast to 2026", the global SCADA market size was valued at USD 9.2 billion in 2021 and is projected to reach USD 13.2 billion by 2026; it is expected to grow at a CAGR of 7.6% from 2021 to 2026.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19487518

Browse 158 market data Tables and 87 Figures spread through 230 Pages and in-depth TOC on "SCADA Market with COVID-19 Impact by End User, and Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/scada-market-19487518.html

Major Growth Boosting Factors:

Services offering accounted for the largest size of the SCADA market in 2020.

The services segment accounted for the largest share of the SCADA market in 2020. Many of the industries in the Americas and Europe have already implemented SCADA systems. Thus, there are fewer opportunities in terms of the implementation of new SCADA systems. However, in terms of modification of SCADA systems, there are huge opportunities. After the installation of SCADA systems, organizations need proper modification and maintenance throughout the life of SCADA systems. Service offerings, especially cybersecurity, are considered while customizing or modifying SCADA systems.

Process industry is expected to hold the largest size of the SCADA market in 2021.

Process industry is expected to account for the largest share of the SCADA market during 2021–2026. The rate of adoption of SCADA systems is high in process industries, owing to the rising pressure on manufacturers to optimize the cost and production processes. Increasing demand for real-time visibility of complex operations in industries such as oil & gas, chemicals, pharmaceuticals, metals and mining, and food & beverages is expected to drive the demand for SCADA systems in the process industry.

Top Key Players in SCADA Market:

Schneider Electric,
Emerson Electric,
Rockwell Automation,
ABB, Siemens,
Honewell International,
Mitsubishi Electric

APAC projected to grow at the highest CAGR of SCADA market from 2021 to 2026.

APAC is projected to hold the largest share of the SCADA market during the forecast period. APAC is the production hub for automation technologies due to the presence of major companies such as Yokogawa Electric, Mitsubishi Electric, and OMRON. Renewable energy, smart grids, water & wastewater, and transportation sectors are expected to drive the growth of the SCADA market in APAC. Automation is increasing in APAC because of the rising necessity for high-quality products, along with increased production rates.

About MarketsandMarkets™

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Friday 22 July 2022

Digital Signage Market Impact Analysis worth $27.8 Billion by 2026

Recent Developments in the Global Digital Signage Market

#1 Sharp launched the new massive 8K Ultra-HD professional LCD. The new display packs in 33 million pixels and employs a wide color gamut color filter and optimized LED backlight phosphors. This helps the display to deliver brilliant clarity and reproduce improved gradations of red, blue, and green in the pixels. These benefits make the LCD suitable for use in corporate lobbies, museums, showrooms, and video production.

#2 Panasonic commercially launched its new transparent OLED display module, which boasts of high image visibility. The 55-inch display module uses a self-illuminating transparent OLED display panel that does not require a backlight. The new product is suitable for use in commercial complexes, transit advertisements, retail stores, and public facilities such as lounge, museum, etc.

Projected Surge in Revenue Generation

The global digital signage market 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 and 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.

• Informational PDF Brochure :-
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Browse 154 market data Tables and 62 Figures spread through 265 Pages and in-depth TOC on "Digital Signage Market with COVID-19 Impact Analysis and Geography - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/digital-signage-market-513.html

The software segment to register higher CAGR during the forecast period

Technological advancements, rising need for real-time content delivery, and increasing applications of smart signage have led to the growth of the software segment of the digital signage market. The higher frequency of purchases and subscriptions associated with digital signage software due to various useful benefits offered by it complemented with the low purchasing frequency of hardware devices due to their long operational life is another major factor contributing to the growth of the software segment. Software licenses need to be purchased and upgraded at regular intervals, which is further expected to accelerate the market growth of software in coming years.

Market Segmentation:

Commercial
Institutional
Infrastructure
Industrial

The indoor installation segment to hold the largest market share in 2026

Indoor signage has witnessed significant demand in healthcare, education, corporate and broadcast, and retail applications. The demand for indoor signage in these applications mainly stems from the ongoing adoption of immersive and highly interactive display technologies. Additionally, the rapid adoption of self-service kiosks, which allow customers in retail applications to browse digital products and make purchases, is further driving the growth of the market for indoor digital signage. Indoor digital signage products, such as interactive digital screens, influence customers’ purchase decisions. Meanwhile, the usage of indoor digital menu boards helps improve operational efficiency and customer experience. Samsung, NEC, and LG are among the major players focusing on a wide range of indoor digital signage applications.

Major Growth Boosting Factors : APAC to register higher CAGR during the forecast period

APAC is projected to lead the digital signage market from 2021 to 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. The rise of online advertising and issues related to the adoption of digital signage in various applications are expected to restrict the growth of the digital signage market in APAC.

Major players in the digital signage market are 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). The top players have adopted merger & acquisition, partnership, collaboration, and product launch strategies to grow in the global precision farming market.

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Monday 18 July 2022

Artificial Intelligence in Manufacturing Market Growth worth $16.3 Billion Impact Analysis by 2027

Recent Developments in the Global Artificial Intelligence in Manufacturing Market

1. January #2022 : NVIDIA launched GeForce RTX 3050, a product that brings next-generation graphics and AI to games. The RTX line-up uses ray tracing technology for real-time, cinematic quality rendering. The product also features deep learning super sampling and boosts frame rate.

2. December #2021 : IBM launched IBM Z and Cloud Modernization Center a digital platform with a wide range of tools and resources, as well as ecosystem partners, which will help users accelerate the modernization of data, processes, and applications in an open hybrid cloud architecture.

Projected Surge in Revenue Generation:

[270 Pages Report] Artificial intelligence in manufacturing market size is valued at USD 2.3 billion in 2022 and is anticipated to USD 16.3 billion by 2027; growing at a CAGR of 47.9% from 2022 to 2027. Factors such increasing awareness about passenger and vehicle safety are driving the growth of the market during the forecast period.

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Semiconductor & Electronics Industry to register highest CAGR during forecast period

In the semiconductor & electronics industry, AI is used for production planning, quality control, and material movement. Implementing AI-based solutions is expected to benefit manufacturers in optimizing the production cost, technology implementation, and integration of components. This data helps in planning and maintaining the production process efficiently. Thus, AI solutions help the companies operating in the semiconductor & electronics equipment industry to analyze the data collected at all points to aid improved decision-making for the manufacturing process and register the highest growth potential.

Software segment to hold largest share of AI in manufacturing market during the forecast period

Software itself can run specific applications without using any additional hardware. The AI-related additional hardware is needed in the case of faster calculations in manufacturing, e.g., in predictive analysis and machine inspection, quality control, and fieldwork. Rising demand for software, especially in predictive maintenance and quality control applications, and widening application scope of AI in the manufacturing sector are the prime factors fueling the growth of the market for AI platforms.

Rising adoption of AI-based quality control systems to drive market growth

AI-based quality control applications enable plant operators to quickly detect property variations during the production time. These AI-based applications of quality control rely on 3- and 2-dimensional data, which is collected by a laser-based aggregate scanning system that converts data into digital images. These wavelet-based features are used as inputs to an artificial neural network, which is used to assign a predefined class to the sample. This quality control helps a plant operator to verify the quality of products.

Presence of world-leading manufacturing companies boosts AI in manufacturing market growth in Japan

Japan has launched an initiative—Industrial Value Chain Initiative—to explore advanced technologies. Mitsubishi Electric, Fujitsu, Nissan Motor, and Panasonic are among the top companies that cater to major businesses in the electric, IT, machinery, and automobile fields. Connected machines and transport robots are being used on the shop floor of companies such as Toyota for a long time. Moreover, the ministries have been promoting IT projects in the country. Japan is strong in information and communication technology, manufacturing processes, automotive and machinery industries, automatization and robot technologies and electronic parts.

Major Growth Boosting Factors:

Japan-based companies Fujitsu (Japan) and Hitachi (Japan) are renowned providers of big data and cybersecurity solutions to diverse sectors, ranging from agriculture to manufacturing and services. This has resulted in the adoption of AI in manufacturing industries in Japan. Japan established a phased development plan for AI to develop and apply data-powered AI in various fields; to build an AI ecosystem by connecting different fields.

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Underfloor Heating Market share worth $7.0 Billion Impact Analysis by 2027

The report "Underfloor Heating Market with COVID-19 Impact Analysis by offering (Hardware, services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region - Global Forecast to 2027", is projected to grow from USD 4.8 billion in 2022 to USD 7.0 billion by 2027; it is expected to grow at a CAGR of 7.6% from 2022 to 2027. Strong government support and incentives for the development and adoption of energy-efficient heating solutions is one of the major factors fueling the growth of this market.

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Browse 182 market data Tables and 57 Figures spread through 214 Pages and in-depth TOC on "Underfloor Heating Market by Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/underfloor-heating-market-167464533.html

“Hardware offerings accounted for a larger share of the underfloor heating market in 2021.”

Hardware offerings accounted for a larger share of the underfloor heating market in 2021. The growth of the market is attributed to the increasing demand for hardware such as heating pipes and cables, distribution units, and manifolds for use in hydronic and electric underfloor heating systems.

“Market for electric underfloor heating expected to grow at higher CAGR during forecast period”

The market for electric underfloor heating systems is expected to grow at a higher CAGR during the forecast period. Electric underfloor heating systems are less costly and are easier to retrofit because these systems comprise several subsystems that do not require an insulating screed. Electric systems can also easily be fitted into a single room, particularly where wireless controllers are used to avoid digging walls. Furthermore, electric underfloor heating systems exert less load on floors; therefore, they can be easily fitted in rooms and flats on a higher level.

“Market for new installations of underfloor heating systems expected to grow at highest CAGR during forecast period”

New installations would dominate the underfloor heating market during the forecast period, mainly because of favorable government regulations and tax credit facilities on the installation of energy-efficient systems and a high focus on energy saving and minimizing energy bills. Underfloor heating systems also reduce installation cost in new builds, where developers use on-site laborers to install basic systems and use specialist contractors to commission and connect electric systems and boilers.

“Residential application accounted for largest share of underfloor heating market in 2021”

The residential application held the largest share of the underfloor heating market in 2021 due to the increasing awareness about the benefits of underfloor heating systems in residential properties. The high growth rate of the underfloor heating market for the residential application is mainly due to the growing refurbishment activities in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area.

“Europe is expected to dominate underfloor heating market during forecast period”

The European market is expected to grow at the highest CAGR during the forecast period due to the growing trends of zero-carbon emissions and tax-credit benefits policies adopted by various governments in European countries. Also, many players are offering portable electric underfloor heating systems in Europe, which would further increase the adoption of underfloor heating systems.

A few of the key players in the underfloor heating market are Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany).

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Tuesday 12 July 2022

Light Control Switches Market worth $10.1 billion by 2025, at CAGR of 8.9%

According to the new market research report, "Light Control Switches Market by Product Type (Switches, Dimmers), Communication Technology (Wired, Wireless), End-use Application, Switch Solutions (Standalone, Integrated), Light Source, Geography - Global Forecast to 2025", The light control switches market is estimated to grow from USD 6.6 billion in 2020 and projected to reach USD 10.1 billion by 2025, at a CAGR of 8.9%. The major factors driving the growth of the light control switches market include the advent of integrated lighting control systems, ongoing and upcoming smart city projects in developing economies, increasing adoption and reduction in prices of LEDs, and growing awareness about energy savings among consumers and governments worldwide.

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Browse 105 market data Tables and 55 Figures spread through 162 Pages and in-depth TOC on "Light Control Switches Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/light-control-switches-market-221529576.html

“DALI protocol to hold the largest size of light control switches market for wired communication technology during the forecast period.”

In 2019, the DALI protocol held the largest share of wired communication technology. As of now, DALI is the predominant communication technology used owing to its ease of installation, open protocol, and requirement of less branch wiring than traditional controls. However, technology is not seen as a dominant protocol in the future due to the escalated demand for wireless technologies.

“Light control switches market for electronic switches is expected to exhibit high growth during the forecast period.”

Electronic switches include wireless switches, sensor-based switches, and others. The adoption of electronic switches is increasing owing to their ability to control lights effectively and ensure higher energy savings, leading to very high growth during the forecast period.

“APAC to hold the largest share of light control switches market during the forecast period.”

APAC accounted for a significant share of the light control switches market in 2019. APAC is expected to be the fastest-growing region for the light control switches market during the forecast period owing to the rapid infrastructure-related activities being undertaken in this region, mainly in China, where smart lighting paves the way for the modernization of infrastructure. Factors such as the ever-growing population, increasing per capita income, as well as vast geographic expansions, have indirectly contributed to the growth of the market for light control switches in the Asian countries.

Major players in the light control switches market are

Signify (Philips Lighting) (Netherlands),
Legrand S.A. (France),
Eaton Corporation (Ireland),
General Electric Company (US),
OSRAM Licht (Germany), and so on..

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Monday 11 July 2022

Optoelectronic Components Market Key Revenue Pocked - worth US$52.7 billion by 2025

The global optoelectronic components market size is projected to grow from USD 41.4 billion in 2020 to USD 52.7 billion by 2025, recording a CAGR of 5.0%. Emerging opportunities for optoelectronic components and R&D could lead to innovation in the optoelectronic components industry. Promising industrial IoT applications provide major growth opportunities to market players. This report covers optoelectronic components such as LEDs, optocouplers, sensors, infrared components, ultraviolet components, and laser diodes. These components find application in verticals such as automotive, consumer electronics, telecommunication, military & aerospace, industrial, medical, and residential & commercial.

• Informational PDF Brochure :-
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Emerging opportunities for optoelectronic components and R&D could lead to innovation. Promising industrial IoT applications provide major growth opportunities to market players. The optoelectronic components industry growth is mainly driven by the increased use of infrared components in consumer electronics and automobiles, their long life and low power consumption, the demand for improved imaging and optical sensing solutions in healthcare vertical, and the suitable physical properties of optoelectronic sensors to operate in harsh environments.

The optoelectronic components market in North America is projected to grow at the highest CAGR during the forecast period. The US, Canada, and Mexico are the major contributors to the growth of the market in North America.

North America is one of the most technologically advanced markets for optoelectronic components owing to the presence of prominent system suppliers, large semiconductor companies, LED, laser, and sensor manufacturers in the region.

Key players operating in the optoelectronic components market include:

Hamamatsu (Japan),
Osram (Germany),
TT Electronics (UK),
Vishay (US),
ON Semiconductor (US),
Cree (US), and so on..

Other major companies focus on organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, agreements, contracts, partnerships, collaborations, and expansions to increase their revenue.

Related Reports:

Optoelectronic Components Market by Component (Sensor, LED, Laser Diode, and Infrared Components), Application (Measurement, Lighting, Communications, and Security & Surveillance), Material, Vertical, and Region - Global Forecast to 2025

About MarketsandMarkets™

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062

Thursday 7 July 2022

Next-Generation Data Storage Market expected to grow $81.0 Billion by 2025

The report "Next-Generation Data Storage Market by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture (File- & Object-Based, Block), Storage Medium (SSD, HDD, Tape), & End User - Global Forecast to 2025", is estimated to grow from USD 53.9 billion by 2020 to USD 81.0 billion by 2025 at a CAGR of 8.5%. The significant drivers for this market remember the monstrous development for computerized information volume; multiplied utilization of cell phones, workstations, and tablets; development of IoT market; and expanding infiltration of top of the line distributed computing.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12592401

Browse 179 market data Tables and 66 Figures spread through 221 Pages and in-depth TOC on "Next-Generation Data Storage Market & End User - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/next-generation-data-storage-market-12592401.html

Storage area network to hold largest share of next-generation data storage market during forecast period

Capacity region network is supposed to hold the biggest portion of the cutting edge information capacity market during 2020-2025. As a rising number of organizations have begun using cloud-based administrations to store their information with the utilization of virtual servers, organizations mean to extend their capacity limits past existing infrastructural abilities. SAN innovation is generally utilized by cloud innovation makers because of its capacity to associate enormous quantities of servers to capacity gadgets.

Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture

Record and item based capacity (FOBS) is supposed to hold the biggest portion of the cutting edge information capacity market during 2020-2025. Quickly developing information age by enormous undertakings is prompting an expanded requirement for FOBS to deal with those immense volumes of information. These colossal volumes of organized and unstructured information, including photographs, recordings, sound documents, and different media, are producing significant market open doors for document and item based capacity market players.

North America to hold largest size of next-generation data storage market during forecast period due to rapid technological advancements in the region

North America is supposed to represent the biggest portion of the market by 2020. The rising volume of unstructured information across different ventures and quick mechanical progressions have prompted an expanded interest for the safe, solid, and cost-proficient capacity framework in North America. The area, being the early adopter of cutting edge information capacity advancements, catches the biggest portion of the cutting edge information capacity market.

By Storage System

Direct Attached Storage (DAS)
Network Attached Storage (NAS)
Storage Area Network (SAN)

By End User

Enterprise
Government
Cloud Service Providers
Telecom

The companies profiled in this report are

Hewlett Packard Enterprise Company (US),
Dell Inc. (US),
NetApp, Inc. (US),
International Business Machines Corporation (US),
Toshiba Corporation (Japan) and many more.

Don’t miss out on business opportunities in Next-Generation Data Storage Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062

Discover top 5 revenue growth opportunities in Compound Semiconductor

The study involved four major activities in estimating the current size of the global compound semiconductor market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178858112

Secondary Research

The secondary sources referred to for this research study include semiconductor industry organizations such as the Semiconductor Industry Association (SIA), Global Semiconductor Alliance (GSA), and corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the compound semiconductor market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-and supply-side players across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (Middle East & Africa and South America). Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

Samsung’s expertise in semiconductor manufacturing and IT serves as the quintessential foundation for the continued innovation and delivery of state-of-the-art LED devices. Samsung LEDs own various patent rights, involving EPI, chip, packaging, phosphor, modules, and drivers for crucial LED technological areas. Samsung LEDs endeavor to take the leading role in both LED applications and components with a smart, innovative approach to lighting. It is expected that the company would continue to invest in technological development and designing of LEDs. The company has a stronghold in the overall consumer electronics market in applications such as TVs, mobile phones, and others, which is expected to boost the overall LED business of the company. It is one of the leading consumer electronics companies. It has a worldwide presence with more than 217 plants in China, Korea, Japan, and Southeast Asia. It had a strong partnership network with 2,500 (Tier 1) suppliers as of December 2019. Samsung focuses on product launches to expand its presence in the market. For instance, in March 2020, the company introduced the first “human-centric” LED packages, collectively known as LM302N. The LM302N family helps human bodies adjust melatonin levels indoors, making people feel more energetic or relaxed, depending on their daily life patterns. Also, in April 2019, the company enhanced its mid-power LED package – the LM301H – for horticulture applications, such as greenhouse and vertical farming. At 3.10 micromoles per joule (ìmol/J), the newly introduced LM301H now features the highest photon efficacy.

APAC likely to emerge as the largest compound semiconductor market

APAC is estimated to be the largest market for compound semiconductors during the forecast period. The rapid market penetration of GaN and SiC in power devices, where GaN and SiC devices are increasingly replacing silicon counterparts, is predominant across several application segments in APAC. For power devices, the growing number of GaN and SiC power applications creates huge revenue potential in this region. This attracts several industry players to mass-commercialize GaN and SiC power devices for several power applications, which, in turn, are increasing the revenue potential of the compound semiconductor market in this region.

Major players in the compound semiconductor market include Nichia (Japan), Samsung Electronics (South Korea), ams (Austria), Qorvo (US), Skyworks (US), Cree (US), GaN Systems (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP (Netherlands), and ON Semiconductor (US).

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

Sunday 3 July 2022

Collaborative Robot Market expected to reach $10.5 billion by 2027

According to a research report "Collaborative Robot Market with COVID-19 Impact Analysis, Component, Payload (Up to 5 Kg, 5-10 Kg, and Above 10 Kg), Application (Handling, Processing), Industry (Automotive, Furniture & Equipment), and Region - Global Forecast to 2027" published by MarketsandMarkets, the collaborative robot market is projected to grow from USD 1.2 billion in 2021 and is projected to reach USD 10.5 billion by 2027; it is expected to grow at a CAGR of 43.4% from 2021 to 2027. Owing to COVID-19, the collaborative robot market had to face headwinds for 2019–2020.

• Informational PDF Brochure :-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194541294

Browse 197 market data Tables and 61 Figures spread through 328 Pages and in-depth TOC on "Collaborative Robot Market - Global Forecast to 2027"
View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/collaborative-robot-market-194541294.html

The high return on investment (ROI) for collaborative robots as compared to traditional industrial robotic system has paved way for their growth in recent years. In addition to this, the benefits derived from adoption of cobots for businesses of all sizes is the key factors driving the collaborative robot market. Many SMEs and large manufacturers that have deployed collaborative robots are benefiting in terms of general competitiveness, increased production, and enhanced quality of their products.

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

Cobots with payload capacity up to 5 kg are expected to hold the largest share of the collaborative robot market during the forecast period. First-time users prefer low payload capacity cobots, which are cheaper and take up less space than robots with higher payload capacity. These cobots are often already fitted with grippers, reducing the hassle of integration and programming for the end user. Another benefit of these cobots is that they are easily re-deployable and take up minimal space when compared to higher payload cobots. Since most of the up to 5 kg payload capacity cobots are very lightweight, they are inherently safe and do not require force sensors, thereby reducing the hardware costs.

“Handling application to dominate collaborative robot market in 2021”

Handling application is expected to hold the largest share of the collaborative robot market in 2021. The handling application includes various sub-types such as material handling, machine tending as well as bin-picking which are currently booming. Handling tasks such as pick and place or palletizing are among the mundane and repetitive in nature for the human workers. Machine tending requires workers to stand for long hours beside a CNC or injection molding machine. Collaborative robots are able to automate a machine tending process during off hours without any supervision, boosting productivity. Besides, handling application has industry-wide usage in varied industries ranging from the automotive, electronics to furniture & equipment because of which is expected to register a fairly large amount of the market share in 2021.

“Automotive industry to maintain the largest share of collaborative robot market during the forecast period”

The automotive industry is one of the largest users of collaborative robots. In automotive manufacturing, collaborative robots are used for a variety of applications such as handling, welding, assembling and disassembling, welding, dispensing extensively. Amongst these applications, welding has been one of the first and most popular applications of collaborative robots in the automotive industry. Spray painting automation is another popular application in assembly lines, mainly to protect workers from toxic fumes. Cobots provide consistency in paint application and minimize wastages. Machine tending and material removal are a few of the other applications where cobots are used. As majority of the processes involved in automotive manufacturing and assembly are automated, the automotive industry has to employ collaborative robots on a large scale, which makes it the largest demand generator for the adoption of collaborative robots.

“Collaborative robot market in APAC estimated to grow at the fastest rate during the forecast period”

The collaborative robot market in APAC is expected to grow at the highest rate during the forecast period. With context to the collaborative robot market, the rising costs of labor in the APAC region have caused the SME industries, in particular, to incline towards industrial adoption by integrating collaborative robots in their manufacturing processes to make the operations more efficient and cost-effective. China is at the forefront in the adoption of collaborative robots owing to the increasing demand of automation given the fact that there is a significant growth in its geriatric population in recent years. Besides, China has a significantly strong presence of automotive and electronic industries. These industries are a major demand generator for the adoption of collaborative robots. China is also aiming to become self-sufficient in the manufacture of collaborative robots. Other APAC countries such as Taiwan and Thailand are also not far behind in terms of adopting automation through the integration of cobots to seek a cost advantage, in the wake of rising labour costs. The automotive and electronics industries from the APAC region are the major demand generators for the adoption of collaborative robots.

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

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

About MarketsandMarkets™

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062

Pages

Tuesday 26 July 2022

Recent Developments in Virtual Production Market

Monday 25 July 2022

Recent Developments in SCADA Industry

Friday 22 July 2022

Recent Developments in the Global Digital Signage Market

Monday 18 July 2022

Tuesday 12 July 2022

Monday 11 July 2022

Thursday 7 July 2022

Secondary Research

Primary Research

Sunday 3 July 2022

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