Automated Optical Inspection (AOI) System Market worth $1,583 million by 2025

According to the new market research report, "Automated Optical Inspection (AOI) System Market by Type (2D AOI, 3D AOI), Technology (Inline AOI, Offline AOI), Industry (Consumer Electronics, Telecommunications, Automotive, Medical Devices, Aerospace & Defense) and Region - Global Forecast to 2025" is estimated to be valued at USD 753 million in 2020 and is projected to reach USD 1,583 million by 2025; it is expected to grow at a CAGR of 16.0% during the forecast period. Major factors fueling the growth of the market include increasing demand for consumer electronics, rising need for high-quality electronic components, demand for higher productivity by electronics manufacturing services (EMS) companies, and growing demand for AOI systems in automotive electronics.

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Major players in the automated optical inspection (AOI) system market include Koh Young (South Korea), Test Research, Inc. (Taiwan), Omron (Japan), Viscom (Germany), Saki (Japan), Nordson (US), Daiichi Jitsugyo (Japan), KLA (US), Camtek (Israel), CyberOptics (US), Goepel Electronic (Germany), and Mirtec (US).

3D AOI systems to hold the largest size of the automated optical inspection (AOI) system market by 2025

3D AOI systems can detect faults in PCB substrates as well as defects in the ball grid array (BGA), which makes them superior to 2D AOI systems. Further, the ability to quickly inspect defects in tall components, a significant reduction in false call rates, and the ability to provide volumetric data of components under inspection make 3D AOI systems the ideal choice for electronic manufacturing service (EMS) providers in the coming years.

Inline AOI system to account for the larger size of automated optical inspection (AOI) system market by 2025

Inline AOI systems offer a higher rate of PCB inspection, which is ideal for electronics manufacturing companies involved in high volume production. Hence, most large manufacturing companies install multiple inline AOI systems in their production lines to speed up the inspection process.

APAC to be the largest market for automated optical inspection (AOI) system market in 2025

APAC is the leading region for the global PCB production market, with countries such as China, Taiwan, Japan, and South Korea. The increase in the high-volume manufacturing of PCBs creates a demand for AOI systems with faster inspection speed.

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Hall-Effect Current Sensor Market worth 1,473.7 Million USD by 2023

According to the new market research report "Hall-Effect Current Sensor Market by Type, Technology, Output (Linear and Threshold), Industry (Industrial Automation, Automotive, Consumer Electronics, Telecommunication, Utilities, Medical, Railways), and Region - Global Forecast to 2023", the Hall-Effect current sensor market is expected to grow from USD 906.7 Million in 2017 to USD 1,473.7 Million by 2023, at a CAGR of 8.4% between 2017 and 2023. The factors driving the growth of this market are the continuous technological advancements, growing use of fully integrated and programmable current sensors, advantage of galvanic isolation-based Hall-Effect current sensors, and growing demand for intelligent Hall-Effect current sensors.

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The major players operating in the Hall-Effect current sensor market are ABB Ltd (Switzerland), Honeywell International, Inc. (US), STMicroelectronics N.V. (Switzerland), Allegro MicroSystems LLC (USA), Asahi Kasei Microdevice Corporation (Japan), Infineon Technologies AG (Germany), Melexis NV (Belgium), LEM Holding SA (Switzerland), TDK Corporation (Japan), and Kohshin Electric Corporation (Japan).

“Hall-Effect current sensor market for closed-loop current sensors expected to grow at the highest CAGR during the forecast period”

The Hall-Effect current sensor market for closed-loop current sensor is expected to grow at the highest CAGR between 2017 and 2023. Closed-loop current sensors help end users by providing higher accuracy and faster response time for current sensing applications.

“Hall-Effect current sensor market for the automotive industry to grow at the highest CAGR between 2017 and 2023”

The automotive industry is expected to witness the highest CAGR in the overall Hall-Effect current sensor market between 2017 and 2023. In the automotive industry, current measurement is required for applications such as current control, protection of devices from overcurrent, and power management including control of motor drives, converter control, overcurrent protection, and battery management. The growing demand for eco-friendly electric and hybrid electric vehicles in the automotive industry would drive the Hall-Effect current sensor market.

“Asia Pacific expected to lead the Hall-Effect current sensor market between 2017 and 2023”

Asia Pacific is expected to hold the largest size of the Hall-Effect current sensor market during the forecast period. This is mainly attributed to the high growth in emerging economies such as China, India, South Korea, and Japan, where there is a rising need for power management. With the growing trend of cloud connectivity in APAC, industries would adopt Industrial Internet of Things (IIoT)-based current sensors for current measurement applications in this region.

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

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

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

Probes offering for Atomic Force Microscopy held the fastest market share in 2019

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

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

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

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

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

APAC hold the largest market share between 2019 and 2024

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

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Borescope Market expected to reach $ 837 million by 2024

According to the new market research report “Borescope Market by Type (Video, Flexible, Endoscope, Semi-rigid, Rigid), Diameter (0 mm to 3 mm, 3 mm to 6 mm, 6 mm to 10 mm, Above 10 mm), Angle (0° to 90°, 90° to 180°, 180° to 360°), Industry, and Region - Global Forecast to 2024” the borescope market size is estimated to reach USD 837 million by 2024 from USD 674 million in 2019 at a CAGR of 4.4%.

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Major players involved in the Borescope market include Olympus (Japan), SKF (Sweden), Baker Hughes (US), FLIR (US), Stanlay (India), FLUKE (US), Vizaar (Germany), AIT (US), Gradient Lens Corporation (US), and JME Technologies (US).

A borescope is an optical tool used for visual inspection. The optical device consists of a rigid or flexible tube with a display on one end and an objective lens or camera on the other end, where both the ends are linked together by an optical or electrical system. Borescopes are used for visual inspection in various industries such as aviation, automotive, power generation, oil & gas, and manufacturing. The growth of the market is propelled by the requirement for high operational productivity and the growing need for power generation plant maintenance.

“Video borescope to hold the largest share of the overall market from 2019 to 2024”

Video borescopes are used for real-time inspection of engines and other parts such as cylinders, mufflers, and transmissions systems. They help to reduce the repair time and cost as inspections become easy without dismantling the parts. Video borescopes have a large diameter, and high range compared to other types of borescopes and provides high-quality images, which is likely to contribute to the largest market share during the forecast period.

“Borescope market for 0° to 90° to grow at the highest CAGR during the forecast period”

A borescope has 0° angle for straight-on viewing, while a borescope that provides a side view of a tube has a 90° angle. Borescopes with the latter viewing angle are able to inspect piping and other narrow cavities with greater detail than a straight-ahead borescope. The high growth for 0° to 90° borescopes can be attributed to increasing demand from industries such as aviation, automotive, and power.

“Borescope market for the automotive industry to grow at highest CAGR from 2019 and 2024”

Visual inspection of engines and other parts of the vehicle such as cylinders and fuel pipes is important for ongoing automotive maintenance. They help to reduce the repair time and cost, as inspections become easy without dismantling the parts. A borescope is used for visualizing dark, small, and hard to reach out places.

“APAC to be the fastest-growing market for borescope during the forecast period”

The borescope market in APAC is expected to grow at the highest CAGR during 2019–2024. The growth of the market in this region can be attributed to increasing infrastructure advancements and adoption of automation in manufacturing industries. Therapid growth of automotive, power generation, and oil & gas industries in emerging economies, such as China, India, and Japan, have contributed to the growth of the borescope market in APAC.

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Compound Semiconductor Market worth $53.0 billion by 2024

According to the new research report "Compound Semiconductor Market by Type (GaN, GaAs, InP, SiGe, SiC, GaP), Product (LED, RF, Optoelectronics, Power Electronics), Application (Telecommunications, General Lighting, Military & Defense, Datacom, Automotive), Geography - Global Forecast to 2024", The compound semiconductor market is expected to grow from USD 37.2 billion in 2019 to USD 53.0 billion by 2024, at a compound annual growth rate (CAGR) of 7.3%. Increasing adoption of compound semiconductors, including GaN, GaAs, and InP, is expected to drive the growth of the compound semiconductor market during the forecast period.

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Nichia (Japan), Samsung Electronics (South Korea), OSRAM (Germany), Qorvo (US), Skyworks (US), Cree (US), GaN (Canada), Infineon (Germany), Mitsubishi Electric (Japan), NXP Semiconductors (Netherlands), ON Semiconductor (US), Analog Devices (US), Broadcom (US), Efficient Power Conversion (US), Lumentum (US), NeoPhotonics (US), San’an Optoelectronics (China), and STMicroelectronics (Switzerland) are among the major players in the compound semiconductor market.

GaN to hold major share of compound semiconductor market during forecast period

Based on type, GaN is expected to hold the largest market share for the compound semiconductor market. Gallium nitride (GaN) is among the most prominent compound semiconductor materials. GaN has its major application in LEDs, which are widely used in general lighting and commercial lighting. GaN is clubbed in structures such as GaN-on-Si and GaN-on-sapphire that are used in lighting applications. GaN has been increasingly used in LED, semiconductor power devices, and radio frequency (RF) devices. GaN LEDs are used in applications such as general lighting, consumer devices, commercial, and automotive. Therefore, rising adoption of GaN is expected to provide market opportunities. GaN devices will have ample opportunities once 5G deployment becomes the mainstream. In the military segment, GaN application varies from electronic warfare to radar to communications. GaN technology is helping designers meet reduced size, weight, and power requirements for the EW system. Power electronics is another important area for GaN. GaN-based power devices will play a key role in the power conversion market. GaN offers similar performance benefits as that of SiC but at low cost. This price and performance advantage is possible because GaN power devices can be grown on silicon substrates that are larger and less expensive than SiC.

Telecommunications application to dominate compound semiconductor market during forecast period

The telecommunications application is expected to hold the largest market share of the compound semiconductor market owing to increased usage of compound semiconductors such as GaAs, GaN, InP, and SiGe. 5G provides a huge opportunity for compound semiconductors for telecom applications. For power amplifiers and low noise amplifiers GaAs is the choice as it offers advantages in meeting the strict linearity requirements. To meet all the requirements for 4G and 5G, including saturated and linear efficiency, GaN is also expected to gain importance in telecommunications application in the coming years. Recently, Qorvo launched 28 GHz gallium nitride (GaN) front-end module (FEM) to reduce overall system cost for base station equipment.

APAC to hold major share of compound semiconductor market by 2024

APAC is leading market for compound semiconductors. APAC presents huge opportunities for the compound semiconductor device market owing to the growing demand for these devices in numerous verticals including telecommunications, lighting, automotive and military, and aerospace and defense in Asian countries such as China, Japan, and South Korea. Leading application of RF is telecom while for GaN it is LED. LED and RF are major products for the compound semiconductor market in APAC, while power electronics exhibit high potential for the market in APAC. LEDs are expected to dominate the overall compound semiconductor market owing to the high adoption in lighting applications in APAC. China and Japan are leading countries for consumption of LEDs; however, developing countries in APAC are also expected to exhibit growth potential during the forecast period. Automotive lighting is the fastest-growing application of the LED market. Increasing penetration of LEDs in various types of vehicles is expected to drive the growth of automotive LEDs.

Telecommunication is among the most important applications of the compound semiconductor market in APAC. The market is driven by increasing adoption of compound semiconductors in telecom infrastructure, as well as in devices such as smartphones.

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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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Smart Badge Market expected to reach $33.8 billion by 2025

The report "Smart Badge Market by Communication (Contact and ContactLess), Type (With Displays and Without Displays), Application (Government & Healthcare, Corporate, and Retail & Hospitality) and Region (NA, EU, APAC, ROW) - Global Forecast to 2025", is estimated to grow from USD 21.1 billion in 2020 to USD 33.8 billion by 2025, at a CAGR of 9.9% between 2020 and 2025. Increasing demand for wearable access control devices for security management is the major factor driving the growth of the market.

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Some of the leading players in this market are Thales Group (Gemalto) (France), ASSA ABLOY AB (HID Global Corporation) (Sweden), Giesecke+Devrient GmbH (Germany), Brady Worldwide, Inc. (US), IDEMIA (France), Evolis (France), Identiv Inc. (US), BEAM (US), AIOI-SYSTEMS CO., LTD. (DISPLAY IT CARD) (Japan), Watchdata (Singapore), and Identita (Canada). The other players operating in the market include Blendology (UK), Squarofumi (China), KONA I Co. Ltd. (South Korea), Proxfinity Inc. (US), Klik (Canada), Global Net Solutions (GNS) (US), CardLogix Corporation (US), MpicoSys Solutions B.V. (Netherlands), AbeeWay (France), and HierStar Ltd. (China).

“Government & healthcare is the most attractive segment that is gaining attention in the smart badge industry.”

In 2019, the government and healthcare segment held the largest share of the smart badge market. The growth of this segment of the market can be attributed to the adoption of smart badges for access control and critical data storage, as well as to ensure national security. The governments of developed and developing countries rely on the sprawling patchwork of systems to identify and manage people using smart cards.

“Smart badge market in APAC expected to grow at the highest CAGR during the forecast period.“

APAC accounted for the largest share of the smart badges market with displays in 2019, owing to the presence of a large consumer base of these badges in the region. A major portion of the demand for smart badges with displays is from China, followed by Japan and South Korea. However, the market in North America is projected to grow at the highest CAGR during the forecast period. North America has always been a forerunner in adopting new and innovative technologies. Countries of North America are developed economies. As such, the adoption rate of information and communication and smart wearable technologies is the highest in the region.

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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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Human Machine Interface Market expected to reach $5.6 billion by 2025

The report "Human Machine Interface Market (HMI) by Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI)), Configuration (Stand-Alone HMI and Embedded HMI) - Global Forecast to 2025", was valued at USD 4.3 billion in 2020 and is expected to reach USD 5.6 billion by 2025, at a CAGR of 5.2% over the forecast period. Factors that drive the growth of the market include the surging adoption of industrial automation in the manufacturing sector, the evolution of industrial internet of things (IIoT), growing demand for smart automation solutions, and rising need for efficiency and monitoring in manufacturing plants.

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#HMI Market #HMI

Notable companies present in the APAC human machine interface market include Advantech Co, Ltd (Taiwan), Emerson Electric Co. (US), General Electric (US), Honeywell International, Inc (US), Mitsubishi Electric Corporation (Japan), Schneider (Europe), and Yokogawa (Japan).

Configuration-wise, embedded HMI segment to dominate HMI market during forecast period

The human machine interface market for embedded HMI is expected to hold the largest share of the market by 2025. Embedded HMIs offer an integrated environment which is much simpler and user-friendly. These HMIs help to significantly enhance efficiency, which has favored their adoption among end users. Hence, the embedded HMI market is expected to witness notable growth throughout the forecast period. Embedded HMIs are combined with powerful hardware and software platforms to use device capabilities to their fullest extent. Furthermore, a connected embedded platform is a part of an intelligent system; it is connected to a network that enables easy communication between two machines and provides easy access to the operator.

Offering-wise, software segment to capture highest CAGR during forecast period

HMI software allows operators to interact, manage, and operate a system while also allowing the acquisition of data for processing. HMI software includes configuration software, data acquisition software, data analysis software, monitoring and controlling software, and programming software. The HMI software segment has been further divided into on-premise HMI solutions and cloud-based HMI solutions. Manufacturing companies are increasingly adopting advanced technologies, such as cloud-based solutions, to gain a competitive advantage by improving the efficiency of manufacturing processes, which is encouraging the adoption of more scalable and flexible HMIs.

Process industry-wise, pharmaceuticals segment is anticipated to register highest CAGR from 2020 to 2025

The pharmaceuticals industry discovers, produces, and markets drugs and medicines across the world. Pharmaceutical companies need better control over operations to keep pace with the innovations taking place in the industry. Maintaining safety, consistency, and efficiency in manufacturing processes is the basic requirement of the pharmaceuticals industry to ensure that products are of the highest quality. Thus, pharmaceutical companies are using HMI solutions to minimize downtime, reduce cost of operations, and gain process visibility.

HMI market in APAC to grow at highest CAGR from 2020 to 2025

The human machine interface market in APAC is expected to grow at the highest CAGR from 2020 to 2025. The adoption of HMI solutions in APAC is high due to the burgeoning growth of the manufacturing sector in the region. Various industries are shifting their manufacturing bases in APAC to capitalize on the availability of skilled, cheap labor in the region, which has transformed it into a major manufacturing hub. The process and discrete manufacturing industries present in the region are progressively adopting automated technologies, which is one of the major factors driving the growth of the HMI market in APAC.

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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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