Microwave Devices Market expected to reach $9.0 billion by 2027

 

The report "Microwave Devices Market by Product (Active Devices, Passive Devices), Frequency (Ku-band, C-band, Ka-band, L-band, X-band, S-band), End User (Space & Communication, Military & Defense, Healthcare), and Geography - Global Forecast to 2027", is projected to grow from USD 6.7 billion in 2021 to USD 9.0 billion by 2027; it is expected to grow at a CAGR of 5.1% from 2021 to 2027.

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The growth of the microwave devices market is driven by rising military & defense expenditure, growing need for secure and fast communications, and rising demand for microwave devices in patient monitoring. The advent of digital communication has increased the number of satellites to cater to the voluminous data or digital transmission of voices through single communication channels. Thereby creating revenue generating opportunities for the microwave devices market. The rising penetration of 5G and IoT infrastructure, miniaturization of devices, soaring need for effective and non-radioactive patient treatments, and technological breakthroughs in microwave equipment pertaining to the materials used is expected to attract lucrative opportunities for the microwave devices market.

The active devices segment of microwave devices market is expected to hold the biggest market share during the forecast period.

The high usage of active microwave devices in various defense and space electronics has led to the segment’s growth. Active devices are widely used for detecting, mixing, amplifying, filtering, and switching microwave signals in standalone equipment. The increasing investments in R&D by the market players to design advanced devices that are compatible with high-speed connectivity requirements are expected to fuel the growth of the active devices segment.

The Ku-band segment is expected to grow at the highest CAGR during the forecast period

The ability to adjust the uplink and downlink, as well as relatively less incurred cost, is expected to increase the deployment of Ku-band microwave devices. Ku-band has been a pioneer in implementing high-speed communication channels as it has lower throughput and is less susceptible to attenuation. Furthermore, it has shorter wavelengths, improved spot beam coverage, and requires less investment.

The space & communication segment is expected to grow at the highest CAGR of the microwave devices market during the forecast period.

The increase in the number of high-throughput satellites (HTS) and rising investments in space and related exploration activities are expected to drive the growth for the space & communication segment. The growing prominence of real-time video and audio streaming services has led to an increase in the use of microwave devices in space & communication domain.

North America region is expected to hold the largest share of microwave devices market during the forecast period.

On account of the rapid deployment of microwave devices in their warfare equipment, the US and North American microwave devices market is expected to foresee immense opportunities over the forecast period. The US military has emerged as one of the most technologically advanced armed forces in the world equipping modernized warfare infrastructure.

The key players operating in the Microwave Devices market include Thales Group (France), L3 Harris, Technologies, Inc. (US), Teledyne Technologies Incorporated (US), Qorvo, Inc. (US), and CPI International, Inc. (US).

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Interactive Display Market expected to reach $13.2 billion by 2025

 

The report "Interactive Display Market with COVID-19 Impact Analysis, by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025", is expected to grow from USD 9.0 billion in 2020 to USD 13.2 billion by 2025, at a CAGR of 8.1%. The market growth can be attributed to several factors, such as growing demand for gamification and digital classrooms, growing adoption of interactive displays in retail sector, declining price of displays, easy availability of interactive products, and increased end-user engagement by using interactive displays for various applications—such as learning, presentations, signage, wayfinding, and ticketing.

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Interactive whiteboard held the largest share of the interactive display market in 2019

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

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

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

Flat panel type to dominate the interactive display market during the forecast period

The interactive display market is currently dominated by the flat panel displays only. The other 2 panel types are in a very nascent stage in the interactive ecosystem, as of now, and are expected to grow at a high rate during the forecast period. Going forward, transparent displays are expected to be used more in interactive tables, kiosks, and monitors.

North America is leading the market for interactive display in 2019

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

Some of the key companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), Sharp (Foxconn) (Japan), Elo Touch Solutions (US), Crystal Display Systems (UK), ViewSonic (US), Horizon Display (US), and so on.

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Artificial Intelligence in Manufacturing Market worth $16.7 billion by 2026

 

The report "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Technology (Machine Learning, Computer Vision, Context-Aware Computing, and NLP), Application, End-user Industry and Region - Global Forecast to 2026", is expected to be valued at USD 1.1 billion in 2020 and is likely to reach USD 16.7 billion by 2026; it is expected to grow at a CAGR of 57.2% during the forecast period. The major drivers for the market are the increasing number of large and complex datasets (often known as big data), evolving Industrial IoT and automation, improving computing power, and increasing venture capital investments.

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The hardware segment in the AI in manufacturing market projected to grow at highest CAGR during forecast period

The hardware segment is projected to grow at the highest CAGR from 2020 to 2026. Most of the AI hardware manufacturers have been in the business of providing the same hardware components for other technologies such as connected cars, machine vision cameras, and IoT for a long time. This will enable the companies to transfer the technology easily and accordingly develop the AI hardware. Moreover, the increasing participation of startups in AI hardware is complementing the growth of the hardware segment.

Quality control application of AI in manufacturing market to grow at highest CAGR during forecast period

The quality control application is expected to register the highest CAGR during the forecast period. Governments impose regulations on maintaining the quality according to certain benchmarks; for instance, the USD Food and Drug Administration (FDA) imposes stringent guidelines to regulate the quality of pharmaceutical products in accordance with the Current Good Manufacturing Practices (CGMPs). The growing use of robotics and deep learning technology in the manufacturing industry is expected to drive the growth of the AI in manufacturing market for the quality control application

AI in manufacturing market in APAC projected to grow at highest CAGR from 2020 to 2026

The AI in manufacturing market in APAC is expected to grow at the highest CAGR during 2020–2026. The presence of a large number of industries, especially in countries such as China, India, and Taiwan is resulting in the adoption of AI in the manufacturing sector in APAC. The increasing adoption of AI-based robots is also fueling the market’s growth in this region.

NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), Siemens AG (Germany), General Electric Company (US), General Vision Inc. (US), Progress Software Corporation (US), Micron Technology Inc., (US), Mitsubishi Electric Corporation (Japan), Sight Machine (US), Cisco Systems Inc., (US), and SAP SE (Germany) are the prominent players of AI in manufacturing market.

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AI in Healthcare Market : The software segment is projected to account for the largest share of market

 

According to the new market research report "Artificial Intelligence in Healthcare Market by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-aware Computing, Computer Vision), Application, End User and Geography - Global Forecast to 2027", is projected to grow from USD 6.9 billion in 2021 to USD 67.4 billion by 2027, it is expected to grow at a CAGR of 46.2% from 2021 to 2027.

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The key factors fueling the growth of the market include market influx of large and complex healthcare datasets, growing need to reduce healthcare costs, improving computing power and declining hardware cost,  rising number of partnerships and collaborations among different domains in healthcare sector, and surging need for improvised healthcare services due to imbalance between health workforce and patients. Additionally, growing potential of AI-based tools for elderly care, increasing focus on developing human-aware AI systems, and rising potential of AI technology in genomics, drug discovery, and imaging & diagnostics to fight COVID-19 is expected to create a growth opportunity for the artificial intelligence in healthcare market.

The software segment is projected to account for the largest share of the artificial intelligence in healthcare market during the forecast period.

Many companies are developing software solutions for various healthcare applications; this is the key factor complementing the growth of the software segment. Strong demand among software developers (especially in medical centers and universities) and widening applications of AI in the healthcare sector are among the prime factors complementing the growth of the AI platform within the software segment. Google AI Platform, TensorFlow, Microsoft Azure, Premonition, Watson Studio, Lumiata, and Infrrd are some of the top AI platforms.

The market for machine learning segment is expected to grow at the highest CAGR during the forecast period

The increasing adoption of machine learning technology (especially deep learning) in various healthcare applications such as inpatient monitoring & hospital management, drug discovery, medical imaging & diagnostics, and cybersecurity is driving the adoption of machine learning technology in the AI in healthcare market.

The medical imaging & diagnostics segment is expected to grow at the highest CAGR of the artificial intelligence in healthcare market during the forecast period.

The high growth of the medical imaging and diagnostics segment can be attributed to factors such as the presence of a large volume of imaging data, advantages offered by AI systems to radiologists in diagnosis and treatment management, and the influx of a large number of startups in this segment.

North America region is expected to hold the largest share of artificial intelligence in healthcare market during the forecast period.

Increasing adoption of AI technology across the continuum of care, especially in the US, and high healthcare spending combined with the onset of COVID-19 pandemic accelerating the adoption of AI in hospital and clinics across the region are the major factors driving the growth of the North American market.

 The key players operating in the artificial intelligence in healthcare market include Intel (US), Koninklijke Philips (Netherlands), Microsoft (US), IBM (US), and Siemens Healthineers (Germany).

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Infrared Detector Market with COVID-19 Impact Analysis worth $619 million by 2026

 

According to the new market research report "Infrared detector Market with COVID-19 Impact Analysis by type (MCT, INGaas, Pyroelectric, Thermopile, microbolometer), Technology (Cooled and Uncooled ), Wavelength (NIR & SWIR, MWIR, LWIR), Application, Vertical and Geography - Global Forecast to 2026", The overall Infrared detector market is expected to grow from USD 446 million in 2021 to USD 619 million by 2026, at a CAGR of 6.8%. An infrared detector is an electronic device used to detect infrared radiation by sensing the surrounding environment. Infrared detectors can sense infrared spectrum ranging from wavelengths 0.7 ìm to 1 ìm. Various types of infrared detectors are available in the market, e.g., mercury cadmium telluride (MCT/HgCdTe), indium gallium arsenide (InGaAs), microbolometer, pyroelectric, and thermopile infrared detectors. They find applications in people & motion sensing, temperature measurement, security & surveillance, gas & fire detection, and spectroscopy & biomedical imaging in the industrial and nonindustrial verticals.

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A few key infrared detector market players are Excelitas Technologies (US), Hamamatsu Photonics (Japan), Murata Manufacturing (Japan), FLIR Systems, Inc. (US), Texas Instruments (US), Nippon Ceramic (Japan), Omron Corporation (Japan), and Lynred (France).

Pyroelectric segment to hold the largest share of the Infrared detector market, by type, in 2021

This segment is expected to hold its dominating position during the forecast period. People and motion sensing is the key application area of pyroelectric infrared detectors. Every object or substance emits some radiant energy, known as infrared radiation, which can be detected by infrared detectors. Pyroelectric infrared detectors use passive infrared (PIR) technology, which can detect the amount of infrared radiation radiated from an object/substance. These detectors can also identify the changes in the amount of radiation, which depends on the change in temperature of the object. Passive infrared detector devices do not generate or radiate any energy for detection. PIR-based motion detectors are used to sense the movement of people, animals, objects, and substances. Excelitas Technologies (US), Nippon Ceramic (Japan), and Murata Manufacturing (Japan) are some of the key manufacturers of pyroelectric infrared detectors.

The market for people and motion sensing application to grow at the highest CAGR during the forecast period

Infrared detectors are used in people and motion sensing applications for detecting the movement of an object or human beings. People and motion sensing devices are widely used in retail stores, stadiums, shopping malls, and museums for counting the number of people entering and leaving the particular space and observing their movements. Besides, these detectors are also increasingly being used in commercial and residential infrastructure for building automation and increasing safety. For instance, infrared sensors are being used in smart lighting systems for presence detection, which enables the lights to be switched on and off automatically after detecting the presence of any living being. Another example of the application of infrared detectors in buildings is their use in security systems. Security systems use infrared detectors or sensors to identify thieves and robbers. Infrared detectors are fixed on the side of windows. These detectors raise the alarm when a person is detected at the window. A pulse is transmitted by the infrared detector, which is transferred to the alarm system to raise the alert. Passive infrared sensors (PIR), also known as pyroelectric sensors, are commonly used for people and motion sensing application. Automotive is another emerging segment where infrared detectors are used for people detection.

North America to hold the largest share of Infrared detector market by 2021

The infrared detector market in North America has been further classified into the US, Canada, and Mexico. The regional market growth is dominated by major companies such as Excelitas Technologies (US), Texas Instruments (US), Honeywell International (US), and FLIR Systems (US). These companies are striving to expand their presence in emerging markets such as APAC. Prominent companies in the infrared detector market are also acquiring, collaborating, and partnering with companies from various industries such as automotive and military & defense to broaden their product portfolio and expand their presence. For instance, in October 2019, FLIR Systems (US) partnered with Veoneer (US), a tier-one automotive supplier, to provide thermal sensing technology for use in Veoneer’s self-driving cars.

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AFM segment to account for the largest share of the atomic force microscopy market in 2021

 

According to a research report "Atomic Force Microscopy Market with COVID-19 Impact Analysis, Offering, Grade (Industrial, Research), Application (Material Science, Life Sciences, Semiconductors and Electronics, Academics), and Region - Global Forecast to 2026" published by MarketsandMarkets, the atomic force microscopy market is projected to grow from USD 489 million in 2021 to USD 631 million by 2026; it is expected to grow at a CAGR of 5.2% during the forecast period. The applications of atomic force microscopy include materials science, life sciences, semiconductors and electronics, academics, and others (that include solar cells, geoscience, forensic science, and food technology). The market growth can primarily be attributed to committed support from several governments to promote nanotechnology and nanoscience research and development, and high demand for 3D ICs from the semiconductor and electronics industry.

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AFM segment to account for the largest share of the atomic force microscopy market in 2021

In terms of value, the AFM segment is expected to hold a dominant share of the market in 2021 and is also expected to register the highest CAGR during the forecast period. This is primarily because AFMs are much more expensive than probes and cost no less than USD 100,000 (ASP of some AFMs even exceed USD 500,000). An atomic force microscope is one of the most versatile and dominant equipment for studying samples beyond nanoscales. It is versatile because it can obtain three-dimensional topography, and it also meets the requirements of scientists and engineers by offering measurements for several types of surfaces.

Industrial grade AFM to register higher share in the AFM market during the forecast period

The industrial grade atomic force microscopy market is expected to hold the larger share as well as grow at a higher CAGR during the forecast period. This is because industrial grade AFM are more in demand owing to their high precision in detecting and visualizing even the smallest surface structures compared to research grade AFM. Industrial AFM are used by original equipment manufacturers (OEMs) and suppliers in the automobile, semiconductor, and nanotechnology-based industries to fabricate nanoscale imaging instruments that find applications in pathology and clinical research.

Material science segment to register the highest share for atomic force microscopy market in 2021

The material science segment is expected to hold the largest market share throughout the forecast period. For materials science research, AFM acts as a powerful tool as it deals with the discovery and design of new materials, including polymers, metals, alloys, ceramics, and biomaterials. The semiconductors and electronics segment is expected to grow at the highest CAGR during the forecast period. Atomic force microscopy can assist in the nanometer-scale characterization of semiconductor materials and devices. It also provides feedback for both electrical failure analysis and physical failure analysis, as well as tribological, mechanical, and interfacial analysis of devices, which is becoming an important metric for quality control.

The emergence of the global COVID-19 pandemic has affected the atomic force microscopy market. Most end-use applications using AFMs have been affected by this crisis. For instance, life sciences applications exhibited the highest growth from 2019 to 2020 in light of the ongoing pandemic while the semiconductor and electronics application segment witnessed a significant decline from 2019 to 2020. However, it is expected that the life sciences application will return to normal growth levels while semiconductor and electronics segment will showcase the highest growth during the forecast period as the impact of the pandemic starts minimizing.

Market in APAC estimated to have the largest share during the forecast period

APAC is likely to dominate the market during the forecast period. Component suppliers in APAC provide opportunities to key players to outsource their microscopy products as a cost-saving strategy. Major market players are outsourcing the production process of their microscopes to local manufacturers in emerging markets in APAC. These local manufacturers provide equipment, facilities, and labor at a lower cost, thereby offering high returns on investments to manufacturers and lowering the production costs of atomic force microscopes. Moreover, 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 a lower cost, are other factors supporting the market growth.

Major vendors in the atomic force microscopy market include Bruker (US), Park Systems (South Korea), Oxford Instruments (UK), Horiba (Japan), Hitachi High-Tech (Japan), Nanosurf (Switzerland), WITec (Germany), NT-MDT Spectrum Instruments (Russia), NanoMagnetics Instruments (UK), Nanonics Imaging (Israel), AFM Workshop (US), Attocube Systems (Germany), Anton Paar (Austria), Semilab (Budapest), Concept Scientific Instruments (France), Nano Scan Technologies (Russia), RHK Technologies (US), GETec Microscopy (Austria), Advanced Technologies Center (Russia), Nanoscience Instruments (US), Anfatec Instruments (Germany), Integrated Circuit Scanning Probe Instruments Corporation (Canada), Tokyo Instruments (Japan), and Molecular Vista (US).

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Neuromorphic Computing Market : Software is projected to witness the highest growth in forecast period

 

According to a research report "Neuromorphic Computing Market With Covid-19 Impact by Offering, Deployment, Application (Image Recognition, Signal Recognition, Data Mining), Vertical (Aerospace, Military, & Defense, Automotive, Medical) and Geography - Global Forecast to 2026" published by MarketsandMarkets, the neuromorphic computing market is expected to be valued at USD 22,743 thousand in 2021 and is projected to reach USD 550,593 thousand by 2026; it is anticipated to grow at a CAGR of 89.1% during the forecast period (2021–2026).

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The major factors driving the growth of the neuromorphic computing market are need for better performing ICs, increase in demand for artificial intelligence and machine learning, and increasing number of cross-industry partnerships and collaborations. However, several factors, such as lack of knowledge about neuromorphic computing and complex algorithms increasing complexity of designing hardware of neuromorphic chips are hindering the growth of neuromorphic computing market. Moreover, matching a human’s flexibility and ability to learn from unstructured stimuli data can act as a key challenge in the market during the forecast period.

Software is projected to witness the highest CAGR for the forecast period

Hardware are expected to hold a major share during the forecast period. The emergence of neuromorphic chips as a potential replacement for Von Neumann architecture, wherein they have separate units for storing information, and processing it sequentially limits memory usage, power consumption, and speed is expected to be the major driver for its growth during the initial years of commercialization. While the increasing adoption of software in industries such as aerospace & defense, IT & telecom, and medical would drive the growth of the market for neuromorphic computing software during the forecast period to register a higher CAGR.

Image Recognition to account for largest share of neuromorphic computing market during forecast period

Image Recognition is expected to witness rapid growth in the overall neuromorphic computing market. Aerospace, military & defense is the largest industrial user segment for image recognition, where it is used for surveillance and security, tracking, and targeting, and in drones. The growth of the image recognition segment is expected to be driven by the increasing adoption of drones and UAVs. Video monitoring and machine vision are the major uses driving the growth of the market for image recognition.

Edge Computing will have highest growth in coming years

The edge computing segment is expected to account for a 95% share of the overall neuromorphic computing market by 2026. The high growth of edge computing is attributed to its increasing use in applications such as responsive voice control for vehicles, full-body gesture recognition for touchless interfaces, and on-board intelligence for assistive robotics. Neuromorphic computing at edge is also apt for low-power and low-latency applications, and on-device adaptation.

Aerospace, Military, & Defense vertical is expected to hold the largest share in 2026

Neuromorphic computing can process information faster than any other processor; this helps the military & defense industry in processing sensitive data such as battlefield data, including weapons and resources management. Increasing requirement for testing and transmitting signals to securely code and transmit data from one end to another to reduce the threat of security issues is another factor driving the growth of the neuromorphic computing market for the aerospace, military & defense industry.

APAC is attributed to grow at the highest CAGR in the neuromorphic computing market during the forecast period (2021-2026)

APAC is expected to hold the second-largest share of ~37% of the global neuromorphic computing market in 2021. Countries such as China, Japan, and South Korea are expected to be the major contributors to the neuromorphic computing market in APAC. China is the largest market for AI, followed by Japan, in APAC; this makes the country an attractive market for neuromorphic computing for machine learning and NLP applications. While North America is expected to hold the largest share of ~40% of the global neuromorphic computing market in 2021. Extensive awareness about the benefits of neuromorphic computing in industries such as aerospace, military & defense and medical is a major driver for the dominance of this region. The US, being the leading adopter of artificial intelligence for machine learning, natural language processing (NLP), image processing, and speech recognition across industries such as medical and automotive, is driving the growth of the neuromorphic computing market in North America.

Key Market Players

The neuromorphic computing market was dominated by Intel Corp. (US), IBM Corporation (US), BrainChip Holdings Ltd. (US), Qualcomm (US) and HP Enterprise (US).

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