Nanowire Battery Market expected to reach $243 million by 2026

 According to the new market research report "Nanowire Battery Market by Material Type (Silicon, Germanium, Transition Metal Oxides, Gold), Industry (Consumer Electronics, Automotive, Aviation, Energy, Medical Devices), and Region (North America, Europe, APAC, RoW) – Global Forecast to 2026" , the nanowire battery market is estimated to reach USD 243 million by 2026 from USD 53 million in 2021, at a CAGR of 35.7% between 2021 and 2026.

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A nanowire battery is a new type of lithium-ion battery, which uses nanowires to increase the surface area of one or both the electrodes. Nanowire batteries are currently under the research & development phase and are anticipated to commercialize post-2020. They are being considered as a long-term replacement for lithium-ion batteries, which are being used extensively for powering consumer electronics and electric vehicles. The ability of nanowire battery to hold a higher amount of charge for a greater period makes it an attractive alternative to lithium-ion batteries in the future. Battery manufacturing companies are planning to launch silicon, germanium, transition metal oxides, and gold-based nanowire batteries in the near future.

Based on material type, silicon expected to grow at the highest CAGR in the nanowire battery market between 2021 and 2026

Silicon has emerged as the most promising anode material owing to its high charge retention capacity, low discharge capacity, and low cost. Silicon enables fast charging and lasts longer than lithium-ion batteries. Need for a longer battery lifetime and faster recharging time are the growing trends in the current battery ecosystem. Moreover, growing electric mobility and miniaturization of consumer electronics has created an urgent requirement for advanced energy storage for batteries. Thus, silicon is expected to grow at the highest CAGR in the nanowire battery market.

“Medical devices industry expected to grow at the highest CAGR between 2021 and 2026 in the nanowire battery market.”

Advanced battery-operated medical devices, such as pacemakers and hearing aids, are being designed to improve the overall health and well-being of their users. However, these implantable devices use lithium-ion batteries as power sources, which present a considerable number of safety issues to the patients. Nanowire batteries are lighter, safer, and have more energy density, and are expected to replace lithium-ion batteries in implantable devices in the coming years.

APAC expected to be the fastest-growing market for nanowire battery during the forecast period”

APAC is expected to be the fastest-growing market for nanowire battery between 2021 and 2026. Industries such as automotive and consumer electronics are expected to drive the demand for nanowire batteries in APAC. The increasing demand for smartphones and wearable devices in countries such as China, Japan, and South Korea is expected to drive the growth of nanowire batteries.

South Korea has the presence of a few of the leading battery manufacturers in the world, such as LG Chem and Samsung SDI. Moreover, the country is home to one of the leading electronics manufacturers, including those manufacturing smartphones, laptops, and wearables. A booming electronics industry, along with the presence of leading battery manufacturers makes South Korea an ideal market for nanowire batteries.

Major players involved in the nanowire battery market include Amprius (US), Sila Nanotechnologies (US), OneD Material (US), Nexeon (UK), NEI Corporation (US), XG Sciences (US), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), Enevate (US), ACS Materials (US), Novarials Corporation (US), Boston Power (US), Lithium Werks (Netherlands), and Targray (Canada).

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Acoustic Microscopy Market worth 1,241.2 Million USD by 2023

 

According to the new market research report "Acoustic Microscopy Market by Offering (Microscopes, Accessories & Software, Services), Application (Non-Destructive Testing, Quality Control, Failure Analysis), Industry (Semiconductor, Life Science), and Geography - Global Forecast to 2023", The acoustic microscopy market is estimated to be USD 951.0 Million in 2018 and is projected to reach USD 1,241.2 Million by 2023, at a CAGR of 5.47% during the forecast period.

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The growth of the acoustic microscopy market can be attributed to various factors, including safety regulations formulated by governments and international bodies, growth of various end-use industries, and increased funding for R&D in microscopy.

The acoustic microscopy market for services is expected to account for the largest market size between 2018 and 2023

Based on offering, the services segment is projected to lead the acoustic microscopy market during the forecast period. Microscopy services are provided for various applications, such as Non-Destructive Testing (NDT), failure analysis, and product reliability testing/quality control. The acoustic microscopy market for services is projected to witness significant growth during the forecast period, owing to the increase in the number of NDT service providers and rise in demand for NDT services from the semiconductor and automotive sectors. There is an inevitable need for NDT inspection in industries, primarily during engineering, assembling, and operating stages. NDT services are adopted by various industries to prevent recurring issues in system components as well as to implement failure management strategies by detecting faults and defects at an initial stage.

The Non-Destructive Testing (NDT) application accounted for the largest share of the acoustic microscopy market in 2017

Based on application, the Non-Destructive Testing (NDT) segment accounted for the largest share of the acoustic microscopy market in 2017, owing to increased awareness regarding industrial non-destructive testing methods and their benefits, such as increased life of equipment and improved production output. Non-destructive tests are used in fabrication and in-service inspections to allow early detection of surface and subsurface defects in finished and Work-in-Progress (WIP) goods. The emergence of automated NDT equipment that offer accurate results is driving the growth of the non-destructive testing application.

The semiconductor industry accounted for the largest share of the acoustic microscopy market in 2017

The semiconductor industry is projected to lead the acoustic microscopy market between 2018 and 2023, owing to the increasing use of microscopy techniques in the semiconductor industry for R&D, quality control, process development, and failure analysis. The rising demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is a key factor driving the growth of the acoustic microscopy market in the semiconductor industry.

North America is expected to lead the acoustic microscopy market during the forecast period

North America accounted for the largest share of the acoustic microscopy market in 2017. The growth of the acoustic microscopy market in North America is primarily driven by rise in government funding to promote R&D activities in the field of acoustic microscopy and increased focus on nanotechnology and regenerative medicine. The favorable regulatory scenario is a key factor supporting the growth of the acoustic microscopy market in North America, as regulatory approvals play a crucial role in the launch of a new device or instrument in the market.

Leading players operating in the acoustic microscopy market includes Sonoscan (US), Hitachi (Japan), PVA TePla (Germany), EAG Laboratories (US), NTS (US), Sonix (US), IP-holding (Germany), Insight K.K. (Japan), OKOS (US), MuAnalysis (Canada), Crest (Malaysia), Predictive Image (France), PicoTech (Israel), Acoustech Systems (US), and Accurex (India).

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Cleaning Robot Market expected to reach 4.34 Billion USD by 2023

 

According to the new research report "Cleaning Robot Market by Type, Product (Floor-cleaning robot, Lawn-cleaning robot, Pool-cleaning robot, Window-cleaning robot), Application (Residential, Commercial, Industrial, Healthcare), and Geography - Global Forecast to 2023", the cleaning robot market is expected to grow from USD 2.09 Billion in 2018 to USD 4.34 Billion by 2023, at a CAGR of 16.21% between 2018 and 2023. The growth of this market is mainly driven by factors such as penetration of automation in household appliances, rise in labor cost, and increasing safety concern.

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Floor-cleaning robot expected to hold the largest share of the cleaning robot market by 2023

Floor-cleaning robot is expected to hold the largest share, on the basis of product, of the cleaning robot market by 2023; the growth of the market for this technology attributed the popularity of floor-cleaning robots in the residential sector, which has helped the floor-cleaning robot market to grow at a rapid pace. These robots are equipped with functions such as navigation control systems and sensors (distance counter, gyro, ultrasonic, laser, and bumper switches), which are specifically used to detect obstacles and prevent collisions.

Cleaning robot market for residential application expected to grow at the highest CAGR between 2018 and 2023

The cleaning robot market for the residential application is expected to grow at the highest CAGR between 2018 and 2023. Cleaning robots in the residential application are utilized to perform tasks such as mopping and cleaning. In certain countries, employing domestic workers becomes too expensive; in such cases, cleaning robots can easily undertake the task of cleaning.

APAC expected to dominate the cleaning robot market during the forecast period

The cleaning robot market in APAC is expected to grow at the highest CAGR during the forecast period. Rise in disposable income among consumers in APAC has led to the adoption of cleaning robots. The increasing adoption of cleaning robots and the influx of global players, along with the emergence of native players, are helping the market to grow. As a result, APAC holds a significant share of the overall cleaning robot market.

The key players in the market include iRobot (US), Neato Robotics (US), LG Electronics (South Korea), Samsung Electronics (South Korea), Ecovacs Robotics (China), Dyson (UK), Intellibot Robotics (US), Alfred Kärcher (Germany), ILIFE (China), bObsweep (Canada), Bissell Homecare (US), Miele (Germany), Cyberdyne (Japan), Vorwerk (Germany), and Monoprice (US). The key players in this market are increasingly undertaking the strategies of partnerships and collaborations, and product developments and launches to develop and introduce new technologies and products to the market.

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Electronic Article Surveillance Market worth $1,173 million by 2024

 

The report "Electronic Article Surveillance Market by Component (Tags, Antennas & Detachers), Technology, End User (Apparel & Fashion Accessories Stores, Supermarket & Mass Merchandise Stores, Drug & Health Product Stores), and Geography - Global Forecast to 2024", is expected to grow from USD 981 million in 2019 to USD 1,173 million by 2024, at a CAGR of 3.6%. Modernizing retail sector, and protection against inventory losses, shoplifting, and theft are the major driving factors for the market’s growth during the forecast period. Growing inclination toward digital operations and high growth potential for electronic article surveillance market in emerging economies is expected to offer tremendous growth opportunities in the near future.

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“Apparel & fashion accessories stores to dominate market (in terms of share) during the forecast period.”

Apparel & fashion accessories are among the major businesses in terms of revenue, investment, trade, and job creation. A need to cater to the growing demand for latest apparels and fashion accessories creates a need for a huge number of stores with technologically advanced systems—such video surveillance—for reducing revenue loss. Retail stores are transforming from traditional to modern, with more automation. Also, due to the growing number of consumers, the number of retail stores is also rising at a rapid pace, propelling the growth of the electronic article surveillance market (EAS) in this segment. 

“Electronic article surveillance market for radio frequency to grow at the highest CAGR from 2019 to 2024.”

The RF technology triggers the alarm when an item is shoplifted; it helps exactly identify which item is being stolen. This knowledge enables the stolen item to be quickly identified and facilitates real-time shelf replenishment of merchandise, resulting in improved sales. Moreover, due to the advanced features such as ultra-wide detection distance, simple installation and operation, low false alarm rate, strong anti-interference ability, and high stability & durability, the market for electronic article surveillance systems based on RF technology is expected to grow at the highest CAGR during the forecast period.

“APAC to grow at highest CAGR in market during the forecast period.”

APAC witnesses robust growth of the electronic article surveillance market owing to the increasing adoption of EAS in apparel and fashion accessories, supermarket, and mass merchandise stores, among others, due to high shoplifting incidents and shrinkage rates. Moreover, due to the increasing number of supermarkets, hypermarkets, and convenience stores because of the high economic growth, rising consumerism, elevating standards of living, increasing disposable incomes, and changing lifestyles; this is expected to increase the demand for electronic article surveillance market systems in this region.  

Key players in the electronic article surveillance market include Checkpoint Systems (Canada), Johnson Controls (Ireland), Agon Systems (UK), ALL-TAG Corporation (US), Amersec (Czech Republic), TAG Company (UK), Ketec (US), WG Security Products (US), Softdel (US), Shenzhen Emeno Technology (China), Cross Point (The Netherland), Takachiho Koheki (Japan), Stanley Security (US), Shopguard Systems (Hungary), Dexilon Automation (Spain), Feltron Security Systems (UAE), and Sentry Custom Security (Canada).

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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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Motion Sensor Market expected to reach $9.3 billion by 2025

 

According to the new market research report on the "Motion Sensor Market by Motion Technology (IR, Ultrasonic, Microwave, Dual Technology, & Tomographic), Application (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, & Industrial), and Geography - Global Forecast to 2025", the motion sensor market is estimated to grow from USD 5.7 billion in 2019 to USD 9.3 billion by 2025, at a CAGR of 8.3%. The market is mainly driven by huge demand for consumer electronics; stringent government regulations for automotive; use of MEMS technology in motion sensors; growing adoption of automation; rising demand from emerging economies; and increasing expenditure in defense.

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Market for dual technology to grow at highest CAGR during forecast period

The market for dual technology is expected to grow at the highest CAGR during the forecast period. Dual technology motion sensing is widely used in consumer electronics and automotive applications. Presently, this market holds significant value and is expected to witness high growth in the coming years owing to the use of motion sensors for high-precision motion detection. The markets for infrared and microwave motion technologies are expected to grow at the second-highest CAGR during the forecast period.

Consumer electronics application to hold largest share of motion sensor market during forecast period

Based on application, consumer electronics application is expected to hold the largest share of the overall motion sensor market during the forecast period. The consumer electronics segment is driving the market for motion sensors. The growth is attributed to the increasing demand for smartphones & tablets. Moreover, the increased demand in the interactive motion gaming and the use of gyroscopes in smart gadgets are also driving the growth of the motion sensor market.

Europe to remain a major consumer of motion sensors during the forecast period

The motion sensor market in Europe is expected to account for the largest share of the overall motion sensor market throughout the forecast period. Europe is emerging as the manufacturing hub for applications such as automotive and consumer electronics, which are also the major contributors to the motion sensor market. Therefore, Europe holds the leading position in this market. The Americas is the second-largest market for motion sensors and it is expected to hold its position during the forecast period. Growing industrial and home automation; emerging applications, such as augmented and virtual reality and IoT; and huge defense expenditure by the US government are the major factors driving this market.

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 STMicroelectronics (Switzerland), Murata Manufacturing (Japan), Honeywell International (Japan), NXP Semiconductors (Japan), Analog Devices (US), Microchip Technology (US), TDK InvenSense (US), Bosch Sensortec (Germany), Memsic (US), Kionix (US), TE Connectivity (Switzerland), IFM Electronic (US), Sensata Technologies (US), Xsens Technologies (Netherlands), Colibrys (Switzerland), Seiko Epson (Japan), KVH Industries (US), InnaLabs (Ireland), Qualtre (US), and Panasonic Electric Works (Germany).

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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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3D Sensor Market expected to reach $10.0 billion by 2025

 

The report "3D Sensor Market by Type, (Images Sensor, Position Sensor, Acoustic Sensor, Accelerometers), End-Users, Technology, (Stereo Vision, Structured Light, Time-of-Flight, Ultrasound, and Others), Connectivity, and Region - Global Forecast to 2025", is expected to grow from USD 2.9 billion in 2020 to USD 10.0 billion by 2025, at a CAGR of 27.9%. Rising demand for 3D-enabled devices in consumer electronics and increasing demand for medical imaging solutions are the key factors augmenting the market growth.

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The image sensor segment to grow at the highest CAGR during 2020–2025

The market size for 3D image sensors is projected to grow at the highest CAGR during the forecast period. An image sensor is one of the critical components of 3D technology, as the majority of the applications of 3D sensors require 3D imaging.

There are three types of image sensors—CMOS 3D, 3D electro-optical, and 3D time-of-flight. The increasing adoption of smartphones and cameras has enabled the growth of the CMOS 3D sensors market owing to their use in these devices as well as other consumer electronics. Many upcoming smartphones are expected to have 3D sensors in them.

Consumer electronics to dominate global 3D sensor market in 2020

The consumer electronics segment is expected to be the largest end-user of 3D sensors in 2020. The application areas of 3D sensors in consumer electronics include mobile phones, wearable electronics, tablet PCs, cameras, and remote controls. Various 3D sensors, such as 3D image sensors, 3D position sensors, and 3D accelerometers, are used in these consumer electronics devices. Intelligence, reliability, low power consumption, low-cost, and high integration are the drivers for the integration of 3D sensing technology with consumer electronics.

North America to hold the largest share of the 3D sensor market in 2019

In terms of value, North America is expected to dominate the 3D sensor industry in 2020. The rising demand for 3D sensors in consumer electronics, industrial, automotive, healthcare, and security & surveillance end-use industries is expected to support the market growth in North America. The presence of prominent system suppliers and sensor manufacturers make North America one of the most potential markets for 3D sensors. Some of the 3D sensor manufacturers in the US are Cognex Corporation (US), Microchip Technology Inc. (US), Occipital, Inc. (US), OmniVision Technologies, Inc. (US), and Qualcomm Technologies, Inc. (US).

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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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Time-of-Flight (ToF) Sensor Market expected $6.9 billion by 2025

 

According to the new research report, "Time-of-Flight (ToF) Sensor Market by Resolution (QQVGA, HQVGA, QVGA, & VGA), Application (Augmented Reality & Virtual Reality, LIDAR, Machine Vision, 3D Imaging & Scanning, and Robotics & Drone), Product Type, Vertical and Geography - Global Forecast to 2025" is expected to grow from USD 2.8 billion in 2020 to USD 6.9 billion by 2025, at a CAGR of 20.0%. The growth of this market is mainly driven by the increasing demand for ToF sensors from the automotive industry and growing adoption of 3D cameras in smartphones and increasing use of such smartphones. The increasing adoption of 3D machine vision systems in industries such as aerospace & defense, consumer electronics, and healthcare and growing deployment of Industry 4.0 are expected to provide major opportunities for the growth of the ToF sensor market.

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AR & VR application to witness highest CAGR during 2020–2025

The implementation of ToF sensors in 3D cameras will boost the ToF sensor market growth for AR and VR applications. Additionally, the use of AR heads-up displays (HUDs) in automobiles ensures comfortable and safe driving. AR-based HUDs allow drivers to see the virtual information projected on the display. AR-based HUDs enable ADAS to display visual warning alerts. The rising demand for AR HUDs and projectors is driving the growth of the ToF sensor market. Simiarly, VR systems are increasingly being used in entertainment, education, healthcare, and industrial applications, among many others. VR helps users to simulate complex tasks in a virtual space. The use of sensing technology in a VR devices makes it easier for users to have a realistic experience in a virtual space through sophisticated and accurate location/motion detection. For that, VR systems use ToF sensors for measuring the distance to an object.

Consumer electronics vertical expected to exhibit highest CAGR in ToF sensor market from 2020 to 2025

The ToF sensor market for the consumer electronics vertical is expected to grow at the highest CAGR from 2020 to 2025. Rising demand for 3D-enabled devices in consumer electronics and increasing users of smartphones are the key factors for the growth of the ToF sensor market for consumer electronics. Application areas of ToF sensors in consumer electronics include smartphones, wearables, tablet PCs, cameras, etc. Various ToF sensors such as image, position, and ultrasonic sensors are used in these consumer electronic devices. High reliability, low-power consumption, low cost, and easy integration are the drivers for the integration of 3D sensing technology in consumer electronics. The rising demand for these consumer electronic devices is surging the demand for ToF sensors, which, in turn, gives an impetus to further advancements in ToF technology.

Growing demand for smartphones will boost demand for ToF sensor in APAC during forecast period

The ToF sensor market in APAC is expected to grow at the highest CAGR during the forecast period owing to the rapid industrialization and high adoption of consumer electronics in developing countries such as China, India, and the Philippines in this region. The easy availability of low-cost labor has led to increased manufacturing of different electronic components and devices in this region, thereby leading to the emergence of APAC as a global manufacturing hub. This, in turn, has led to increased demand for ToF sensors for monitoring and inspection applications in the manufacturing industry of the region.

Key players in the time-of-flight (ToF) sensor market are Texas Instruments (US), STMicroelectronics NV (Switzerland), Infineon Technologies AG (Germany), Panasonic Corporation (Japan), Teledyne Technologies Incorporated (US), Keyence Corporation (Japan), pmd Technologies AG (Germany), Sharp Corporation (Japan), Sony Corporation (Japan), and Melexis NV (Belgium). These players are increasingly adopting growth strategies such as product launches and developments, partnerships, collaborations, agreements, and acquisitions to develop and introduce new technologies and products in the market.

About MarketsandMarkets™

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

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. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
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USA : 1-888-600-6441