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 19 May 2020

Biometric System Market worth $65.3 billion by 2024

The report "Biometric System Market by Authentication Type (Single-Factor: Fingerprint, Iris, Palm Print, Face, Voice; Multi-Factor), Offering (Hardware, Software), Functionality (Contact, Noncontact, Combined), End User, and Region - Global Forecast to 2024",size is estimated to grow from USD 33.0 billion in 2019 to USD 65.3 billion by 2024; it is expected to grow at a CAGR of 14.6% during the forecast period. The market is mainly driven by the increasing use of biometrics in consumer electronics devices to provide seamless access over different applications, rising number of government initiatives to adopt biometrics, growing need for surveillance and security due to the threats of terrorist attacks, and increasing penetration of biometric technology in automotive and enterprise applications.

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Browse 124 market data Tables and 51 Figures spread through 191 Pages and in-depth TOC on "Biometric System Market - Global Forecast to 2024"

Key players in the biometric system market include Thales Group (Thales) (France), Safran (France), NEC Corporation (NEC) (Japan), ASSA ABLOY AB (ASSA ABLOY) (Sweden), Fujitsu Ltd. (Fujitsu) (Japan), Precise Biometrics, Inc. (Precise Biometrics) (US), Secunet Security Networks AG (Secunet) (Germany), Stanley Black & Decker, Inc. (STANLEY Security) (France), Aware (US), and Cognitec Systems GmbH (Cognitec Systems) (Germany).

Multi-factor authentication segment to grow at highest CAGR during forecast period

The growth of the multi-factor authentication segment is attributed to the increasing deployment and the need for security to avoid hacking attacks on sensitive information, especially in government and defense applications. The combination of multiple identifiers adds an extra level of security, making the system more effective, accurate, and reliable. In addition, a multimodal biometric system can reduce the failure to enroll (FTE) and failure to capture (FTC) rates. The rapid development of biometric smart cards for payment and identification purposes is expected to drive the growth of the multi-factor authentication segment.

Contact functionality type segment expected to have largest market size during forecast period

Contact-based biometric systems include palm, fingerprint, and signature recognition systems. Of these, fingerprint recognition systems have been in the market for the longest period. Widespread adoption of fingerprint recognition systems is driving the market for contact-based biometric systems. Since fingerprint recognition is mostly used in contact-based biometric systems, the increasing demand for fingerprint recognition solutions would have a positive impact on contact-based biometric systems. Signature recognition is also gaining traction owing to the low deployment and procurement cost associated with this technology. Emerging applications such as sports and entertainment are also expected to deploy fingerprint recognition solutions extensively in the coming years.

Market in RoW to grow at highest CAGR during forecast period

The region is currently contributing less to the overall market. The increasing demand for advanced identity management solutions from various governments in this region to maintain security at border crossing points is the main factor fueling the growth of the biometric system market in the region. Furthermore, the countries in the region have started adopting fingerprint-based biometrics for banking and finance applications.

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Monday 18 May 2020

SCADA Market expected to reach $15.2 billion by 2024

The report "SCADA Market by Component (Programmable Logic Controller, Remote Terminal Unit, Human-Machine Interface, Communication Systems), Architecture (Hardware, Software, Services), Industry, and Geography - Global Forecast to 2024" The SCADA market is projected to grow from USD 11.0 billion in 2019 to USD 15.2 billion by 2024; it is expected to grow at a CAGR of 6.7% during 2019–2024. The growth of the SCADA market is propelled by factors such as high demand for industrial mobility solutions to efficiently manage process industries, increased adoption of Industry 4.0 in process industries, and increased use of software platforms such as IoT and edge computing.

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Browse 66 market data Tables and 61 Figures spread through 177 Pages and in-depth TOC on "SCADA Market"

Key players offering SCADA solutions include Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Rockwell Automation (US), while other major players in this market include General Electric (US), Honeywell International (US), Yokogawa Electric (Japan), and OMRON (Japan). These players operate globally and provide solutions and components related to SCADA.

SCADA market for communication systems is expected to grow at highest rate from 2019 to 2024

Communication systems are considered as the most important factor for the development of the SCADA market at present. Due to the geographically dispersed oil and gas platforms, it is important to have proper communication systems. Currently, companies have started implementing satellite communication for SCADA systems. Moreover, growth in cyber threats has led to an increase in the adoption of advanced and sophisticated communication systems.

Water & wastewater industry to witness highest growth from 2019 to 2024

Wastewater treatment processes are designed to achieve improvements in the quality of recycled wastewater. Various treatment processes may reduce biodegradable organics, bacteria, and hardness of the water. SCADA can operate reduce costs in the long run, along with ensuring reliable system operations through support services that predict, prevent, and react to operational issues and reduce the possibility of downtime. SCADA systems are also used in a water and wastewater treatment plant for constantly monitoring and regulating the water flow, reservoir levels, and pipe pressure.

Americas expected to hold second-largest share of SCADA market during forecast period

The application of the SCADA system in the fields of oil & gas, power, water & wastewater treatment, and others has shown tremendous growth in the US. In the oil & gas industry, traditional SCADA systems have been introduced for the new application, which has helped to identify, diagnose, and repair faults in the pipeline network. Also, the shale gas development, as natural gas in the US, has revolutionized the SCADA market. The shale gas is trapped in a shale formation, which is brought up to the surface using the Fracking technique, also known as hydraulic fracturing.

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

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Artificial Intelligence in Healthcare Market worth $36.1 billion by 2025

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

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Browse 103 market data Tables and 49 Figures spread through 216 Pages and in-depth TOC on "Artificial Intelligence in Healthcare Market".

The major companies profiled in this report are NVIDIA (US), Intel (US), IBM (US), Google (US), Microsoft (US), AWS (US), General Vision (US), GE Healthcare (US), Siemens Healthineers (Germany), Medtronic plc (US). The market has active participation of start-ups. A few emerging companies in the market are CloudMedx (US), Imagia Cybernetics (Canada), Precision Health AI (US), and Cloud Pharmaceuticals (US).

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

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

Machine learning technology to witness highest CAGR from 2018 to 2025

Machine learning technology is expected to hold the largest market share throughout the forecast period. Increasing adoption of machine learning technology (especially deep learning) in various healthcare applications is driving the growth of machine learning technology in AI in healthcare market. The major types of machine learning technology are deep learning, supervised learning, unsupervised learning, and reinforcement learning.

North America leads AI in healthcare market in terms of value

North America to account for the largest size of the AI in healthcare market throughout the forecast period. The wide-scale adoption of AI technologies across the continuum of care, especially in the US, is the key factor supporting the growth of the AI in healthcare market in this region. In addition, the strong presence of key AI hardware and software providers, such as NVIDIA (US), Intel (US), Xilinx (US), Microsoft (US), AWS (US), Google (US), IBM (US), Johnson and Johnson (US), and GE (US), is complementing the growth of the AI in healthcare market in the region.

Friday 15 May 2020

European Smart Home Market worth $44.0 billion by 2024

According to the new market research report "European Smart Home Market by Product (Lighting Control, Security & Access Control, HVAC, Entertainment & Other Control, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances, and Smart Furniture), Software & Services - Forecast to 2024", the European smart home market is expected to grow from USD 22.8 billion in 2018 to USD 44.0 billion by 2024 at a CAGR of 11.58%. The growth of the European smart home market is driven by factors such as growing number of internet users and increasing adoption of smart devices; increasing importance of home monitoring in remote locations; rising need for energy-saving and low carbon emission-oriented solutions; cost reduction measures enabled by smart homes; large number of manufacturers expanding their smart home product portfolios; and growing concern about safety, security, and convenience among people.

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Browse 70 market data Tables and 53 Figures spread through 209 Pages and in-depth TOC on "European Smart Home Market"

Other players operating in the European smart home market are Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (US), Comcast Corp. (US), among others. These players have adopted product developments and launches, mergers and acquisitions, and partnerships and collaborations to grow in the European smart home market.

The market for smart speakers is likely to grow at a high rate during the forecast period.

The growth of smart speaker is primarily driven by the increasing number of smart homes in Europe, rising disposable income, growing trend of personalization, and rapid proliferation of multifunctional devices. The increasing focus of companies on enhancing customer experience and consumer preference for technologically advanced products over traditional products are expected to offer opportunities to players in the smart speaker space. Further, recent developments in artificial intelligence and natural language processing to enhance voice recognition capabilities have increased the overall demand for smart speakers in smart homes in Europe.

Proactive type software and solutions to grow at the highest CAGR during the forecast period

Proactive type software and services facilitate the transmission of energy consumption data to end users, along with the best possible solutions to be taken after receiving the information. The proactive type enables the transfer of a high volume of data than the behavioral type, as it can provide inputs to end users regarding effective energy use and required actions on the physical parameters to reduce energy consumption. Algorithms associated with the proactive type can also perform a comparative analysis of the energy use patterns based on the time of the day, historical data, and weather conditions. Proactive solutions are more beneficial than the behavioral types as they can also send recommendation signals to end users to take necessary actions to reduce energy consumption; further, based on the users’ actions, measures to control electronic devices can be implemented. It is owing to these mentioned advantages the market for proactive type software and services is expected to grow the highest during the forecast period.

The UK held the largest share of the European smart home market

The UK held the largest share in the European smart home market owing to the rising number of new residential projects and the increasing initiatives to strengthen the building infrastructure. There is a considerable demand for smart homes in the UK. Currently, the UK is considered a huge market for smart home systems owing to the high demand for various control devices pertaining to lighting control and other controls in the country. The presence of a huge end-user base and the growing demand for energy management systems are also expected to fuel the growth of the smart home market in this country.

The European smart home market is currently dominated by Johnson Controls International (Ireland), Siemens AG (Germany), Schneider Electric (France), United Technologies Corporation (US), and Honeywell International, Inc. (US). A few of the major strategies adopted by these players to compete in the European smart home market include product launches and development, partnerships, and mergers and acquisitions.

Wednesday 13 May 2020

Light Control Switches Market worth $10.1 billion by 2025

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".

Some of the major players in the light control switches market are Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht (Germany), Acuity Brands, Inc. (US), Leviton Manufacturing Company, Inc. (US), Lutron Electronics (US), Schneider Electric (France), Honeywell International Inc. (US), Ideal Industries (US), Adesto Technologies (Echelon Corporation), Panasonic (Japan), Helvar (Finland), LightwaveRF PLC (UK), RAB Lighting (US), Synapse Wireless (US), and Dialight PLC (UK).

“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.

3D Sensor Market worth $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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Browse 104 market data Tables and 42 Figures spread through 169 Pages and in-depth TOC on "3D Sensor Market".

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).

Tuesday 12 May 2020

Swarm Intelligence Market worth 447.2 Million USD by 2030

According to the new market research report on the "Swarm Intelligence Market by Model, Capability (Clustering, Routing, Scheduling, and Optimization), Application (Robotics, Drones, and Human Swarming), and Geography - Global Forecast to 2030" , themarket is expected to be valued at USD 447.2 Million by 2030, growing at a CAGR of 40.47% from 2020 to 2030, considering the technology will get commercialized by 2020. The major factors driving the growth of the swarm intelligence market are increase in the usage of swarm intelligence for solving big data problems, the rising adoption of swarm-based drones in the military, and need for swarm intelligence in the transportation business.

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Browse 41 Market Data Tables and 18 Figures spread through 82 Pages and in-depth TOC on "Swarm Intelligence Market".

The report profiles the most promising players in this market. The key players in this market are DoBots (Netherlands), Hydromea (Switzerland), Sentien Robotics (US), Unanimous A.I. (US), AxonAI (US), Swarm Technology (US), SSI Schäfer - Fritz Schäfer (Germany), Valutico (Austria), Enswarm (UK), and Power-Blox (Switzerland).

Particle Swarm Optimization (PSO) model would lead swarm intelligence market during forecast period

Particle Swarm Optimization is inspired by the social foraging behavior of some animals, such as the flocking behavior of birds and the schooling behavior of fish. The goal of the algorithm is to have all the particles locate the optima in a multidimensional space, initially assigned with random position and random velocity, gradually advancing toward the local optima through the exploration and exploitation of good, known positions in space. Particle Swarm Optimization has been widely used in various areas as it is easy to implement, and is based on a simple concept and fewer parameters.

Swarm intelligence market for drones to grow at highest CAGR during forecast period

The swarm intelligence market for drones is expected to grow at a CAGR of 69.80% from 2020 to 2030. Drone swarms dozens of fixed-wing drones flying in coordinated formation could be the future of unmanned combat. Drones can be controlled from a control center; however, there may be a number of situations where drones may need to behave autonomously, requiring a level of AI that a single drone is unlikely to have the computing capacity for. Groups of drones can cover large geographic locations and carry out various, specialized tasks concurrently. Owing to these factors, their adoption would increase in the coming years.

Optimization expected to hold largest share of swarm intelligence market by 2020

Optimization is a way to solve the problem with the best combination of solutions under given constraints. These types of problems are hard to solve because of the availability of a large number of possible solutions. Swarm intelligence algorithms such as Particle Swarm Optimization and Ant Colony Optimization, and proprietary algorithms are used to find the best optimal solution among different solutions. For instance, nondeterministic polynomial time-hard (NP-hard) problems are those problems that are at least as hard as the hardest problems in NP.

Swarm intelligence market in RoW likely to grow at highest CAGR during forecast period

The growth of the swarm intelligence market in this region is mainly attributed to increasing investments in the field of UAVs and the growing procurement of UAVs by the defense sector in Latin America. Further, the governments of countries such as Brazil and Argentina would be using swarm UAVs for surveillance, law enforcement, environmental monitoring, natural disaster management, and forest fire monitoring.

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