Safety Switch Market expected to reach 1.55 Billion USD by 2023

According to the new market research report "Safety Switch Market by Product (Contact Switch and Non-Contact Switch), Safety System (ESD, HIPPS, BMS, Fire & Gas Monitoring Systems, and Turbomachinery Control Systems), Vertical (Oil & Gas, Chemical), and Region - Global Forecast to 2023", the safety switch market is expected to grow from USD 1.24 Billion in 2018 to USD 1.55 Billion by 2023, at a CAGR of 4.5% between 2018 and 2023.

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About - Safety Switch Market : The factors driving the growth of this market are the growing adoption of automation in hazardous industrial areas, increasing government intervention for equipment and personnel safety in industries, and rising demand for non-contact door switches to improve the stability of doors and guards.  

       

Browse 63 market data Tables and 54 Figures spread through 140 Pages and in-depth TOC on "Safety Switch Market"

“Safety switch market for non-contact switch is expected to grow at the highest CAGR during the forecast period”

The safety switch market for non-contact safety switch is expected to grow at the highest CAGR between 2018 and 2023. Awareness regarding the benefits of non-contact safety switches, such as aligned measurement of guards and multiple door switching error identification, is one of the most significant factors projected to drive the growth of the non-contact safety switch market.

“Safety switch market for fire & gas monitoring systems expected to grow at the highest CAGR during the forecast period”

The safety switch market for fire & gas monitoring systems is expected to grow at the highest CAGR between 2018 and 2023. The safety switch market for fire & gas monitoring systems can be attributed to the increasing deployment of fire & gas monitoring solution at hazardous locations to avoid fire casualties and prevent gas leakages or explosions. With the expansion of process industries, such as oil & gas, pharmaceutical, chemical, food & beverage, and energy & power, the need for safety and security of equipment and personnel is growing.

“Safety switch market for food & beverage vertical expected to grow at the highest CAGR during the forecast period”

The safety switch market for food & beverage vertical is expected to grow at the highest CAGR between 2018 and 2023. Changes in consumer preferences have propelled manufacturers to focus on the production of food products with improved taste and quality. Companies in the food & beverage vertical are using advanced automation solutions to increase their production. The increase in automation, as well as plant expansion, is driving the need to deploy safety solutions in food processing units. Thus, the increasing use of safety systems in the food & beverage vertical is projected to drive the growth of the safety switch market.

“Europe expected to lead the safety switch market between 2018 and 2023”

Europe is expected to hold the largest share of the safety switch market during the forecast period. The demand for safety switches in the European region is increasing due to the implementation of safety systems in process industries. Companies operating in this region are focused toward occupational safety and automation. In addition, the stringent safety regulations in the region have propelled the installation of safety systems in hazardous environments.

The major players operating in the safety switch market are General Electric (US), Schneider Electric (France), Rockwell (US), Siemens (Germany), ABB (Switzerland), Eaton (Republic of Ireland), Honeywell (US), Omron (Japan), Pilz (Germany), and SICK (Germany).

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Text-to-Speech Market expected to reach $ 3.03 Billion USD by 2022

According to the new research report "Text-to-Speech Market by Vertical (Healthcare, Enterprise, Consumer Electronics, Automotive & Transportation, Finance, Education, Retail), and Geography(Americas, Europe, Asia Pacific) - Global Forecast to 2022", the global text-to-speech market was valued at USD 1.30 Billion in 2016 and is expected to reach USD 3.03 Billion by 2022, at a CAGR of 15.21% between 2017 and 2022.

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About Text-to-Speech : Rising demand for handheld devices and increase in government spending for the education of differently abled persons are the major factors driving the demand for the text-to-speech technology.

Browse 57 market data tables and 69 figures spread through 131 pages and in-depth TOC on "Text-to-Speech Market"
Consumer electronics vertical to hold the largest share of the text-to-speech market

Text-to-speech is widely used in smartphones for navigation and personal assistant apps. Laptops and televisions also use this technology to help blind and partially sighted people access the menu with the help of audible instructions. The consumer electronics vertical is one of the major application areas of the text-to-speech technology. According to the World Health Organization (WHO) Disability & Health report published in November 2016, over a billion people—about 15% of the world’s population—have some form of disability. Smartphones can help this group of people to live more independently. With text-to-speech, these people can easily communicate, seek assistance from others, and stay connected to the society.

Americas to hold the major share of the text-to-speech market during the forecast period

The Americas, which comprises the US, Mexico, Canada, and Brazil, among others, dominates the text-to-speech market in terms of geography. The US is expected to be the major contributor to the text-to-speech market in the Americas between 2017 and 2022. The increased adoption of machine learning in various end-user industries is driving the growth of the text-to-speech market in the Americas. The increased medical spending and government funding for education further contribute to the growth of this market in the region.

The companies covered in the text-to-speech market are Nuance Communication (US), Microsoft Corporation (US), Sensory Inc. (US), LumenVox LLC (US), NeoSpeech (US), Amazon.Com (US), SESTEK (Turkey), iSpeech Inc. (US), TextSpeak (US), NextUp Technologies (US), Acapela Group (France), CereProc (Scotland), ReadSpeaker (Netherlands), Nexmo (US), and rSpeak (Netherlands).

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Human Machine Interface Market expected to reach 5.86 Billion USD by 2022

According to the new market research 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 Type (Stand-Alone HMI and Embedded HMI) - Global Forecast to 2022", the HMI market is expected to be valued at USD 5.86 Billion by 2022, growing at a CAGR of 9.0% between 2016 and 2022.

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About HMI Market : Factors such as growing adoption of industrial automation equipment in the manufacturing sector, evolution of industrial internet of things (IIoT) and growing demand for smart automation solution, and growing need of efficiency and monitoring in the manufacturing plant are the factors driving the HMI market.

The Major Players involved in the HMI market include ABB Ltd. (Switzerland), Advantech Co., Ltd. (Taiwan), Emersion Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Kontron AG (Germany), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan).

Browse 74 market data tables and 86 figures spread through 174 pages and in-depth TOC on “Human Machine Interface Market”

“Embedded HMI segment expected to grow at a higher rate during the forecast period”

The market for embedded HMI solution is expected to grow at a higher CAGR during the forecast period. Growing technological developments, increasing need of integrated systems, and ease in machine-to-machine (M2M) communication are some of the prominent factors expected to encourage the adoption of embedded HMI solutions during the forecast period.

“Market for cloud-based HMI to grow at the highest rate between 2016 and 2022”

The cloud-based HMIs are gaining popularity owing to the growing IIoT market and increasing demand for new technology by end-user industries. Furthermore, the cloud-based HMIs are being increasingly adopted as it provides better visibility and competitive edge over others. In cloud-based HMI solutions, service and infrastructure are provided off-site through a third-party service provider or a vendor who runs the software and manages data over internet.

“North America expected to dominate the HMI market between 2016 and 2022”

The HMI market in North America is primarily driven by the presence of a significant number of HMI solution providers and the growing high-end manufacturing activities in the region. In addition, the rising demand for embedded HMI solutions is expected to encourage the HMI market in North America. The R&D activities in the application areas of HMI are increasing owing to the encouraged adoption of IIoT and machine-to-machine communication (M2M) in various industries in this region. 

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Top 10 Mobility Technologies Market Global Forecast - 2022

The research methodology used to estimate and forecast the Top 10 mobility technologies market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources referred to for this research study include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource.

Technology (Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit, Cellular IoT, Mobile Biometric, Automotive V2X, Wireless Charging For Consumer Electronics)

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The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the Top 10 mobility technologies market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The major players in the market for Top 10 mobility technologies include Qualcomm Inc. (U.S.), Sierra Wireless (Canada), Apple Inc. (U.S.), Samsung Electronics Corporation Ltd. (South Korea), Nuance Communication, Inc. (U.S.), Intel Corporation (U.S.), Texas Instruments (U.S.), Atmel Corporation (U.S.), STMicroelectronics N.V. (Switzerland), Autotalks Limited (Israel), Harris Corporation (U.S.), Motorola Solutions, Inc. (U.S.), Daifuku Co., Ltd. (Japan), and Dematic GmbH & Co., KG. (Germany). The end users of these mobility technologies are from the consumer, entertainment, industrial, automotive, military, defense, and aviation, and other sectors.

The Target Audience:

• Wireless gigabit chip manufacturers
• WiGig end product OEMs
• Wireless power associations
• Wireless power-enabled device manufacturers and suppliers
• Companies operating in the wearable technology market
• Biometric technology providers
• Software vendors
• Semiconductor foundries
• Original equipment manufacturers (OEMs) and electronic product manufacturers
• IoT security companies
• Automation and control system providers

“The study answers several questions for the target audiences, primarily which market segments to focus on in the next two to five years for prioritizing their efforts and investments.”

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

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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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Lithium Ion Battery Market expected to reach $98.0 billion by 2025

Lithium Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO, LMO, NCA), power Capacity (0 to 3000mAh, 3000mAh to 10000mAh, 10000mAh to 60000mAh), Industry (Consumer Electronics, Automotive, Medical, Industrial), and Region - Global Forecast to 2025"  The overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 98.0 billion by 2025, at a CAGR of 15% from 2018 to 2025.

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Need for high power and energy density has created demand for reliable and safe batteries for industries such as automotive and consumer electronics. Factors such as increasing demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for various industrial applications are driving the growth of the lithium ion battery market.

Based on Type, Lithium Nickel Manganese Cobalt Battery to register fastest CAGR between 2018 and 2025

The market for lithium nickel manganese cobalt battery is expected to grow at the highest growth rate from 2018 to 2025. The energy density of NMC batteries is its primary strength. It achieves this energy density with good stability due to the use of an optimum ratio of nickel manganese and cobalt. It also has a good charge and discharge cycle. These features enable its application in industries such as automotive.

Power capacity range of 3,000–10,000 mAh is expected to grow at the highest CAGR during the forecast period

Lithium ion batteries with power capacity range of 3,000–10,000 mAh is expected to grow at the highest CAGR between 2018 and 2025. These batteries are often grouped together to form modules, and these modules are used in applications requiring heavy loads. Its heavy power capacity makes it useful for industries such as in electrical vehicles and industrial uses. Besides, the market for 0–3,000 mAh held the largest market, in terms of value, in 2018. This range is majorly used in consumer electronics industry. Around 90% of consumer applications have the power capacity in range of 0–3000 mAh.

Europe expected to be the fastest-growing market for Lithium-ion Battery during the forecast period

Europe is expected to be the fastest-growing market for lithium ion battery from 2018 to 2025. Europe is home to some of the largest battery manufacturers such as Saft (France) and FIAMM (Italy). The consumer electronics market for wearable devices is witnessing a positive growing curve in Europe. Presence and active association in Europe such as Association of European Automotive Industrial Battery Manufacturers and PRBA is supporting the use of lithium ion battery in different application in safe mode by their set standards and certification.

Key players operating in the lithium ion battery market include BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).

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Hermetic Packaging Market : Rising Demand of Hermetically Sealed Packaging : 2023

"Hermetic Packaging Market by Configuration (Multilayer Ceramic Packages, Metal Can Packages, Pressed Ceramic Packages), Type (Ceramic-Metal Sealing, Glass-Metal Sealing), Application, Industry, and Geography - Global Forecast to 2023", the overall hermetic packaging market is estimated at USD 3.25 Billion in 2018 and is expected to reach USD 4.52 Billion by 2023, growing at a CAGR of 6.80% between 2018 and 2023. The major factors driving the growth of the hermetic technology market include rising adoption of hermetic packaging for protecting highly sensitive electronic components and growing demand from industries such as automobile electronics and aerospace.

Indian Space Research Organisation (ISRO) announced a joint venture with NASA and JAXA for initiating its own space observatory mission to get a closer look at the galaxies in the outer space. Significant interest for space research in the APAC countries, such as China and India, is expected to propel the market for the aeronautics and space industry in APAC.

The key factor driving this market is high adoption rate of the multilayer ceramic packages for high-frequency applications such as data communication, wireless communication, and optical communication because they offer better hermeticity than other configurations for high-frequency applications, and also enable a large number of electrical feedthroughs within small spaces.

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A low-cost hermetic packaging for high power industry 

The biggest threat for laser reliability or power degradation, especially when used in harsh industrial environment. Here we present an innovative fiber laser packaging method featuring cast aluminium frame and an almost screw-free exterior packaging. A CW fiber laser with 1.5KW laser output power in such a compact and light-weight package has been demonstrated with an excellent beam quality and power stability for industry applications. Know more

Browse 66 tables and 47 figures spread through 156 pages and in-depth TOC on "Hermetic Packaging Market - Global Forecast to 2023"

• Multilayer ceramic packages are expected to lead the global hermetic packaging market between 2018 and 2023
• The aeronautics and space industry is expected to grow at the highest rate between 2018 and 2023
• The hermetic packaging market in APAC expected to capture the largest market share during the forecast period

The present market is dominated by the players such as SCHOTT AG (Germany), Teledyne Microelectronics (US), AMETEK. (US), Texas Instruments (US), and Amkor Technology (US). Know sample pages of report : https://www.marketsandmarkets.com/requestsampleNew.asp?id=18037377
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Pet Wearable Market expected to reach $1,718 million by 2024

NY, USA, September-26, 2019 /Aerospace -- 

Pet Wearable Market by Component (GPS Chips, RFID Chips, Sensors, Wi-Fi, Cellular, Bluetooth Chips, Processors, Memory, Displays, Batteries), Product (Smart Collars, Smart Cameras, Smart Harnesses), and Region - Global Forecast to 2024", is expected to grow from USD 703 million in 2019 to USD 1,718 million by 2024 at a CAGR of 19.6%. The growth of the pet wearable market can be attributed to the increasing concerns toward pet health and wellbeing, and rising pet population and pet humanization, and growing expenditure on pets due to high disposal income. Moreover, rapid advancements in WAN and LPWAN technologies and exponential demand for pet wearables from developing countries in APAC is expected to create substantial growth opportunities for the pet wearable market players.

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Major Players : Pet Wearable Market covered in this report are Whistle Labs (US), PetPace (US), Garmin (US), FitBark (US), Tractive (Austria), Link AKC (US), Motorola (US), Num’Axes /EYENIMAL (France), KYON (Greece), Scollar (US), GoPro (US), and Felcana (UK).

Cellular to register the highest CAGR in the overall market during the forecast period

In the pet wearable market, pet tracking and geofencing are the major use cases. Cellular technology can be ideal for pet wearable applications such as location tracking with the help of GPS pet trackers that require operation over long distances. Cellular chips enable pet owners to pinpoints their pet’s exact location 24/7. These devices can play a vital role in finding stolen or lost pets and provide owners updates about their whereabouts on their smartphones.

Smart Collar to hold the largest size of pet wearable market during the forecast period

Smart collar accounted for the majority of the global pet wearable market revenue. Smart collars combined with other technologies and components such as Wi-Fi or Bluetooth and provides insights into pet such as their location, training activity, and more. This collar allows for tracking a pet’s location using GPS technology, and monitor, track & receive information and alerts about the pet’s health status and activities.

The rate of employment is increasing steadily around the world, and due to hectic lifestyle and long working hours, pet owners’ demand for smart-connected collars that enable them to connect with their pets from their workplace is rapidly increasing. Moreover, high demand and rising adoption for smart collars can be attributed to their features which maintain an accurate location history and help trigger smartphone notifications.

Pet Wearable in North America to hold the largest size of pet wearable market in coming years

In 2018, North America accounted for the largest share in the global pet wearable market. It is a major hub and an early adopter of new technologies. The increasing trend of pet adoption and humanization, growing disposable income, and rising per capita expenditure on animal healthcare are the factors driving the growth of the pet wearable market in this region. Moreover, North America is home to prominent pet wearable players, such as Whistle Labs, FitBark, and Garmin.

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