Monday 8 June 2020

Acoustic Microscopy Market worth 1,241.2 Million USD by 2023

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

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Browse 61 market data Tables and 51 Figures spread through 144 Pages and in-depth TOC on "Acoustic Microscopy Market".

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

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

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

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

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

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

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

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

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

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

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Thursday 4 June 2020

Augmented Reality Market expected to reach $72.7 billion by 2024

The report "Augmented Reality Market by Offering (Hardware (Sensor, Displays & Projectors, Cameras), Software), Device Type (Head-mounted, Head-up), Application (Enterprise, Consumer, Commercial, Healthcare, Automotive), and Region - Global Forecast to 2024", is estimated to grow from USD 10.7 billion in 2019 and projected to reach USD 72.7 billion by 2024; it is expected to grow at a CAGR of 46.6% from 2019 to 2024. The healthcare sector has witnessed rapid technological advancements over the years, and various kinds of advanced imaging equipment have been introduced in the healthcare sector. The healthcare sector has one of the most important and practical applications of AR in the current market scenario.

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Browse 102 market data Tables and 46 Figures spread through 191 Pages and in-depth TOC on "Augmented Reality Market".

Major players in the augmented reality market are Google, Inc. (US), PTC, Inc. (US), Microsoft Corporation (US), Seiko Epson (Japan), Lenovo (China), Wikitude GmbH (Austria), Vuzix (US), Daqri Llc (US), Magic Leap, Inc. (US), Zugara, Inc. (US), Blippar (UK), Upskill (US), and Maxst (South Korea). Other players operating in the augmented reality market include Atheer, Inc. (US), Pristine, Inc. (US), Marxent Labs, Llc. (US), Inglobe Technologies (Italy), Meta Company (US), Augment (France), Niantic (US), Sixense Entertainment (US), Intel Corporation (US), Apple Inc. (US), Infinity Augmented Reality, Inc. (Israel), Facebook Corporation (US), Samsung Electronics Co. Ltd. (South Korea), Realwear (US), Dynabook Americas, Inc. (US), and Optinvent (France).

“AR HUDs is the most attractive segment that is gaining attention in augmented reality market”

The use of AR HUDs in automobiles ensures comfort and safe driving. AR-based HUDs allow drivers to see the virtual information projected on the display. The rising demand for AR HUDs and projectors is driving the AR market. AR-based HUD technology also enables advanced driver assistance systems (ADAS) with visual warning features. The optical system of AR-based HUDs shows a realistic view of the surroundings, provides lane departure warning, assists in lane guidance control, displays information on fuel level and distance between vehicles, and indication for parking space availability in real time to the driver.

“Augmented reality market in APAC expected to grow at highest CAGR during forecast period

The augmented reality market in Asia Pacific is expected to grow at the highest rate in sectors such as healthcare, commercial, and consumer. The increasing number of AR players in the region would boost the growth of the AR market. The high growth in commercial and consumer markets is driving the growth of the AR market in APAC. The region is an attractive market for cell phones, tablets, laptops, and television manufacturers. Companies such as Samsung and LG are based in South Korea, while Sony, Sharp, and Panasonic are based in Japan. APAC registers the highest demand for consumer electronics such as smartphones, tablets, laptops, and TVs owing to the high growth witnessed by emerging economies such as China and India, and positive growth by other APAC countries such as Taiwan, Indonesia, Singapore, and Malaysia.

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Remote Monitoring and Control Market worth 27.11 Billion USD by 2023

According to the new market research report "Remote Monitoring and Control Market By Solutions (SCADA and Emergency Shutdown System), Field Instruments (Pressure Transmitter, Temperature Transmitter, Humidity Transmitter, Level Transmitter, Flowmeter), Industry and Region–Global Forecast to 2023", the remote monitoring and control market is expected to be valued at USD 27.11 Billion by 2023, at a CAGR of 4.47% between 2017 and 2023.

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Browse 66 Market Data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Remote Monitoring and Control Market"

The Major Players involved in this market include Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), Yokogawa Electric Corporation (Japan), Endress+Hauser AG (Switzerland), General Electric Co. (US), and Fuji Electric Co., Ltd. (Japan).

The key driving factors for the growth of the remote monitoring and control market are increasing demand for industrial automation and optimum utilization of assetsand rising demand for industrial mobility for remotely managing the industrial process.

“Field instruments to hold the largest market share in the remote monitoring and control market during the forecast period”

Field instruments are basic building blocks for remote process parameters measurement such as mass flow, continuous level detection, point level detection, temperature, and pressure. Thus, their wide acceptance across different processes in industries such as power, chemicals, food & beverages, pulp & paper, and oil & gas amassed huge installation base for them globally.

“Power industry is expected to drive the growth for SCADA and emergency shutdown system between 2017 and 2023 in remote monitoring and control market”

Resources used for power generation are limited, and hence the optimum utilization of those resources is of prime importance. Emphasis on industrial safety and health is expected to drive the growth of emergency shutdown system in the power industry. Safety switches, safety valves, and safety sensors are widely used in the power industry. The application of SCADA systems in the power industry improves the productivity of the whole system by providing supervision and control. Every process in the power industry requires temperature measurement for controlled operation of the process. Pressure transmitters are usually used inside coal processing unit to monitor pressure inside dryer units.

“Market in APAC is expected to drive the growth of remote monitoring and controls between 2017 and 2023”

APAC is an emerging market for remote monitoring and controls. Power, chemicals, and water and wastewater industry are expected to drive the growth of the market in APAC lead by China and India. Growing energy demand, emphasis to conserve water, and firm regulation pertaining to industrial wastewater disposal are some key factors to foster the growth of the market in APAC.

About MarketsandMarkets™

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

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Supercapacitor Market expected to reach $720 million by 2025

According to the new market research report "Supercapacitor Market with COVID-19 Impact Analysis by Type (Electric Double-layered Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material, Application (Automotive, Energy, Consumer Electronics, Industrial, Medical, Aerospace & Defense), Region - Global Forecast to 2025", the supercapacitor market is projected to grow from USD 409 million in 2020 to USD 720 million by 2025; it is expected to grow at a CAGR of 12.0% from 2020 to 2025. The key factors fueling the growth of the market include their increased use in renewable energy generation plants and smart wearables. Additionally, increased global demand for electric vehicles and supercapacitors with higher storage capabilities than conventional capacitors and batteries is also augmenting the growth of the supercapacitor market.

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The key players operating in the supercapacitor market include Tesla (US), Nippon Chemi-Con (Japan), CAP-XX (Australia), LS Mtron (South Korea), Panasonic (Japan), Eaton (US), Cornell-Dubilier (IUS), Ioxus (US), NAWA Technologies (France), Paper Battery Company (US), Skeleton Technologies (Estonia), and SPEL Technologies (India).

Browse 96 market data Tables and 44 Figures spread through 153 Pages and in-depth TOC on "Supercapacitor Market with COVID-19 Impact Analysis by Type (Electric Double-layered Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material, Application (Automotive, Energy, Consumer Electronics, Industrial, Medical, Aerospace & Defense), Region - Global Forecast to 2025"
 
The electric double-layered capacitors segment to hold the largest size of the supercapacitor market by 2025

Electric double-layered capacitors are being used as an alternative to conventional batteries. They work excellently in all those applications wherein a stable supply of energy is required over a short period of time. Several industrial units across the world have suspended their operations owing to the outbreak of the COVID-19. This is expected to create a temporary slag in the growth of the supercapacitor market in 2020.

The automotive segment is projected to account for the largest size of the supercapacitor market by 2025.

Supercapacitors are well suited for electric vehicles (EVs) and hybrid electric vehicles (HEVs), as they can compensate for the shortcomings of batteries. Unlike batteries, supercapacitors operate over a broader temperature range and eliminate the requirement of charge equalization management. The automotive sector is one of the key sectors incurring significant losses owing to the COVID-19 pandemic situation. The global demand for vehicles has reduced significantly owing to lockdowns imposed in different countries of the world. This, in turn, is impacting vehicle production, as well as the demand for supercapacitors globally.

Asia Pacific (APAC) projected to be the largest market for supercapacitors from 2020 to 2025.

The growth of the supercapacitor market in APAC can be attributed to rapid industrialization and infrastructure development in the region. China is expected to continue to account for the largest share of the supercapacitor market in APAC during the forecast period. Supply chains in and around APAC have been disrupted owing to the outbreak of the COVID-19 pandemic, which has resulted in limited permissible transportation. The Asian countries under lockdowns have suffered tremendous loss of business and revenue due to the shutdown of a number of manufacturing units in the region. This, in turn, is impacting the demand for supercapacitors.

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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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Monday 1 June 2020

Wireless Fire Detection Systems Market worth 303.8 Million USD by 2020

The report "Wireless Fire Detection Systems Market by Product, System Type (Fully Wireless, Hybrid), Installation Type (New, Retrofit), Vertical (Commercial, Residential, Manufacturing), and Geography - Global Forecast to 2020", The overall wireless fire detection systems market is expected to be valued at USD 303.8 Million by 2020, at a CAGR of 7.7% between 2016 and 2020.

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Browse 14 market data tables and 48 figures spread through 136 pages and in-depth TOC on "Wireless Fire Detection Systems Market"

The major players in this market include EMS Security Group Ltd (UK), Electro Detectors Ltd (UK), Sterling Safety Systems (UK), Honeywell International Inc. (US), Siemens AG (Germany), Tyco International PLC (Ireland), HOCHIKI Corporation (Japan), Halma Plc (UK), Robert Bosch GmbH (Germany), EuroFyre Ltd (UK), and Detectomat GmbH (Germany).

This significant growth rate of the wireless fire detection systems market is fostered by the increasing demand of these systems in retrofit installations due the cost-effectiveness and the ease involved in installing these systems. The improvement in the existing government regulations and mandates regarding fire protection systems is another major driving factor for this market.

Sensors/detectors held largest share of market based on product in 2015; market for segment expected to grow at highest CAGR during forecast period

The market for sensors/detectors is expected to lead the current wireless fire detection systems market based on product and is expected to grow at the highest CAGR between 2016 and 2020. The robust growth in infrastructure, utilities, and facilities sectors is bringing in the need for a greater adoption of advanced sensors and detectors across the globe. Another important factor impacting the growth of this market is the stringent government regulations in many countries regarding the installation of these sensors/detectors. With the increasing government funding, the market for smoke detectors is expected to have a positive outlook by 2020, especially in the residential sector.

Hybrid systems held larger share of wireless fire detection systems market in 2015

The hybrid systems held a larger share of the wireless fire detection systems market based on system type in 2015, and the market for the said segment is expected to grow at a higher CAGR between 2016 and 2020. The hybrid systems are mainly suitable for retrofitting buildings as these systems are very resilient due to their exclusive mode of transmission and offer relatively uncomplicated installation without cable drawing. On the other hand, the structural cost involved with a traditional system is high. Hybrid systems are highly suitable for smaller or larger scale apartments and houses, and for smaller or medium-scale commercial spaces.

North America expected to hold largest share of market, while market in Europe expected witness highest CAGR

North America held the largest share of wireless fire detection systems market in 2015. The market in Europe is expected to grow at the highest CAGR during the forecast period. Wireless systems have already gained popularity in Western Europe, especially the UK, France, and Germany. The high expected CAGR of wireless fire detection systems market in Europe can be attributed to the stringent government mandate on the installation of smoke detectors or smoke alarms in homes in European countries such as the UK, France, and Germany.

About MarketsandMarkets™                                            

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

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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. 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.

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Browse 57 market data tables and 69 figures spread through 131 pages and in-depth TOC on "Text-to-Speech Market"

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).

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.

About MarketsandMarkets™                                            

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

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Fusion Splicer Market worth 762.3 Million USD by 2022

The report "Fusion Splicer Market by Offering (Hardware (Sheath Clamps, Electrodes, Electric ARC, CO2 Laser, Cleaver and Stripper), and Software & Services), Alignment Type (Core, and Cladding Alignment), Application, and Geography - Global Forecast to 2022", According to this market research report, the fusion splicer market was valued at USD 570.5 Million in 2016 and is expected to reach USD 762.3 Million by 2022, at a CAGR of 4.72%.

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Browse 66 market data tables and 66 figures spread through 154 pages and in-depth TOC on "Fusion Splicer Market"

Moreover, the fusion splicer market registered a shipment of 65,735 units in 2016 and is expected to reach 97,353 units by 2022, at a CAGR of 6.52% during the forecast period. Factors such as the growing demand for high network bandwidth and low insertion loss are driving the growth of the fusion splicer market.

Software & services expected to grow at a higher rate between 2017 and 2022

The fusion splicer market for software and services is expected to grow at a higher rate compared with the fusion splicer market for hardware, due to the increased focus by companies on improving their pre and post sales services. Presently, the companies provide custom engineering services that also includes customized hardware and software design, process improvement consultation, advanced training, and maintenance service agreements.

Fusion splicer market for core alignment type expected to hold the largest share in 2017

The core alignment method provides precise fiber alignment, which results in a typical splice loss of only 0.02dB. This level of precision is required for all single mode fiber applications as well as enhances performance of multimode fiber. This core alignment fusion splicer is primarily preferred for community access TV (CATV) installations, backbone networks, specialty fiber applications, and optical components manufacturing because of its high accuracy and reliability.

Fusion splicer market in APAC likely to grow at a high rate during the forecast period

The need for high network bandwidth in the telecom sector acts as a driving force for the growth of the fusion splicer market. The extensive development of telecommunication and broadband networks in Asia Pacific (APAC) has led to the increasing growth in the fiber optic market in this region, thereby increasing the demand for the fusion splicer.

Major players operating in the fusion splicer market are Sumitomo Electric Industries (Japan), Furukawa Electric Co. Ltd. (Japan), Fujikura ltd Ltd. (Japan), ILSINTECH CO., LTD. (Korea), INNO Instruments Inc. (Korea), and Darkhorsechina (Beijing) Telecom. Tech. Co., Ltd. (China).

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

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441