Real-time Location Systems Market (RTLS) impact analysis $12.7 billion by 2026

 

According to the new market research report "Real-time Location Systems Market (RTLS) with Covid-19 impact analysis by Offering (Hardware, Software, Services), Technology, Vertical (Healthcare, Manufacturing, Retail, Education, Govt, Sports), Application Use Case & Region - Global Forecast to 2026" the RTLS market is estimated to be valued at USD 3.9 billion in 2021 and reach USD 12.7 billion by 2026, at a CAGR of 26.5%. The increasing regulations in various industries to improve safety, workflow, and security and increasing popularity of ultra-wideband technology-based RTLS solutions are the key factors that will accelerate the growth of the RTLS market during the forecast period. Likewise, growing need for contact-tracing solutions due to COVID-19 pandemic and growing trend of hybrid RTLS solution are expected to create lucrative opportunities for the players in the RTLS market. However, high cost of installation and maintenance and stringent government rules and regulation are expected to restraint market growth

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Healthcare vertical is expected to dominate in the RTLS market during the forecast period

The healthcare vertical is expected to continue to account for the largest market size during the forecast period. The growth of the healthcare vertical can be attributed to the early adoption of RTLS-based solutions for a wide range of applications in healthcare, especially in the US. The growing usage of IoT devices in the healthcare sector is also expected to contribute to the growth of the RTLS market in the healthcare vertical. Concerns over the safety of patients and security of electronic health records and valuable assets have also encouraged the adoption of RTLS solutions in healthcare.

Supply chain management & operational automation/visibility application expected to witness the highest CAGR in the RTLS display market during the forecast period

The supply chain management & operational automation/visibility application is expected to witness the highest CAGR in the RTLS market during the forecast period. RTLS solutions are gaining popularity for locating inventory in warehouses, as well as throughout the supply chains. RTLS technologies allow better visualization of supply chain dynamics in real-time. As companies move toward Industry 4.0, they demand greater visibility for faster decision-making. Real-time data of supply chain operations allows quicker response times to make any alterations in normal operations.

UWB Technology is expected to grow at the highest CAGR in 2026

The market for UWB-based RTLS solutions is expected to grow at the highest CAGR of 33% during the forecast period. UWB technology-based RTLS solutions provide more accurate data than RTLS solutions based on other technologies. UWB technology can support locating objects down to the range of a few centimeters. This is highly beneficial in high-intensity operations in the healthcare and manufacturing verticals. The rapid decline in the prices of UWB tags has also resulted in the increased implementation of these tags in RTLS solutions. The manufacturing and logistics industries are likely to be the major contributors to the growth of the market for UWB-based RTLS solutions in the coming years.

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

APAC is expected to grow at the highest CAGR in the overall RTLS market. The RTLS for Healthcare market in APAC is growing primarily due to rise in the rising number of smartphone & tablet users, partnerships between RTLS players and hospitals, and the presence of supportive government policies.

Advancements in technology have always had major impact in the field of medicine. Smartphone is one of the most dynamic and ubiquitous trends in communication and real-time location tracking. Moreover, these devices are primarily used in the RTLS solutions for tracking and monitoring patients, staff, as well as medical equipment. Mobile phones can also be used for communicating through different platforms such as email, performing Internet searches, and various other applications. Smartphones are one of the fastest growing sectors in the technology industry, and its impact in medicine has already been observed significantly. Smartphones aren’t just making it easier in terms of day-to-day chores; the technology is also streamlining care for both physicians and patients.

Key Market Players

Stanley Black & Decker (US), Zebra Technologies (US), Aruba Networks (US), Impinj (US), and Savi Technology (US) are among the key players in the RTLS market.

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Time-of-Flight (ToF) Sensor Market impact analysis $6.9 billion by 2025

 

According to the new research report, "Time-of-Flight (ToF) Sensor Market by Resolution (QQVGA, HQVGA, QVGA, & VGA), Application (Augmented Reality & Virtual Reality, LIDAR, Machine Vision, 3D Imaging & Scanning, and Robotics & Drone), Product Type, Vertical and Geography - Global Forecast to 2025" is expected to grow from USD 2.8 billion in 2020 to USD 6.9 billion by 2025, at a CAGR of 20.0%. The growth of this market is mainly driven by the increasing demand for ToF sensors from the automotive industry and growing adoption of 3D cameras in smartphones and increasing use of such smartphones. The increasing adoption of 3D machine vision systems in industries such as aerospace & defense, consumer electronics, and healthcare and growing deployment of Industry 4.0 are expected to provide major opportunities for the growth of the ToF sensor market.

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AR & VR application to witness highest CAGR during 2020–2025

The implementation of ToF sensors in 3D cameras will boost the ToF sensor market growth for AR and VR applications. Additionally, the use of AR heads-up displays (HUDs) in automobiles ensures comfortable and safe driving. AR-based HUDs allow drivers to see the virtual information projected on the display. AR-based HUDs enable ADAS to display visual warning alerts. The rising demand for AR HUDs and projectors is driving the growth of the ToF sensor market. Simiarly, VR systems are increasingly being used in entertainment, education, healthcare, and industrial applications, among many others. VR helps users to simulate complex tasks in a virtual space. The use of sensing technology in a VR devices makes it easier for users to have a realistic experience in a virtual space through sophisticated and accurate location/motion detection. For that, VR systems use ToF sensors for measuring the distance to an object.

Consumer electronics vertical expected to exhibit highest CAGR in ToF sensor market from 2020 to 2025

The ToF sensor market for the consumer electronics vertical is expected to grow at the highest CAGR from 2020 to 2025. Rising demand for 3D-enabled devices in consumer electronics and increasing users of smartphones are the key factors for the growth of the ToF sensor market for consumer electronics. Application areas of ToF sensors in consumer electronics include smartphones, wearables, tablet PCs, cameras, etc. Various ToF sensors such as image, position, and ultrasonic sensors are used in these consumer electronic devices. High reliability, low-power consumption, low cost, and easy integration are the drivers for the integration of 3D sensing technology in consumer electronics. The rising demand for these consumer electronic devices is surging the demand for ToF sensors, which, in turn, gives an impetus to further advancements in ToF technology.

Growing demand for smartphones will boost demand for ToF sensor in APAC during forecast period

The ToF sensor market in APAC is expected to grow at the highest CAGR during the forecast period owing to the rapid industrialization and high adoption of consumer electronics in developing countries such as China, India, and the Philippines in this region. The easy availability of low-cost labor has led to increased manufacturing of different electronic components and devices in this region, thereby leading to the emergence of APAC as a global manufacturing hub. This, in turn, has led to increased demand for ToF sensors for monitoring and inspection applications in the manufacturing industry of the region.

Key players in the time-of-flight (ToF) sensor market are Texas Instruments (US), STMicroelectronics NV (Switzerland), Infineon Technologies AG (Germany), Panasonic Corporation (Japan), Teledyne Technologies Incorporated (US), Keyence Corporation (Japan), pmd Technologies AG (Germany), Sharp Corporation (Japan), Sony Corporation (Japan), and Melexis NV (Belgium). These players are increasingly adopting growth strategies such as product launches and developments, partnerships, collaborations, agreements, and acquisitions to develop and introduce new technologies and products in the market.

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Edge AI Hardware Market revenue impact analysis $2,716 Million Units by 2027

 

According to the new market research report "Edge AI Hardware Market by Device, Processor(CPU, GPU, and ASIC), Function, Power Consumption( Less than 1 W, 1-3 W, 3-5 W, 5-10 W, and more than 10 W), Vertical and Geography - Global Forecast to 2027" The edge AI hardware market is projected to grow from 1,056 Million Units to reach 2,716 million units by 2027; it is expected to grow at a CAGR of 20.8% during the forecast period.

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Wearables in devices is expected to have highest CAGR during the forecast period

The increasing use of wearables among consumers is becoming more common as people are shifting from conventional wearables to smart and sophisticated ones. This has opened a huge opportunity for the edge AI hardware market players. Smart wearables and health trackers could further accelerate the growth of the edge AI hardware market for wearables.

GPU is expected to have highest CAGR during the forecast period

The market for GPU is expected to grow with the highest CAGR during the forecast period. Constant research and development from companies such as NVIDIA and Intel to improve graphics quality, make it more user-friendly, and deploy computer vision algorithms is driving the market for GPU. For instance, NVIDIA introduced a new gaming GPU with Ampere architecture and 2nd generation of NVIDIA RTX™.

Inference in function to have the largest market size during the forecast period.

The development of low-power and high-performance processors and the increasing demand for IoT applications have led to a growing interest in edge AI. Reduction in latency as data does not need to be sent on the cloud is a major factor driving the edge AI market. Performance and memory consumption are the keys to the successful implementation of edge AI. Once the ML model is trained, it is deployed on the device for inference to classify, recognize, and process new inputs. The cost of computation resources is lower for inference than training on the device. On-device inference can lead to high responsiveness, which is a major factor for the growth of the market for edge AI hardware products designed to draw inferences.

China to grow with the highest CAGR  in Asia Pacific region during the forecast period

China is the largest market for edge AI hardware in Asia Pacific. Devices such as smartphones, industrial robots, and automobiles hold a huge growth potential for the edge AI hardware market in Asia Pacific. The region is becoming a center of attraction for major investments as it holds significant business expansion opportunities. Various AI processor start-ups in China are raising funds to grow in the edge AI hardware market. For example, ThinkForce (China) raised around USD 68 million, and DeePhi (China) raised around USD 40 million.

The report profiles key players in the edge AI hardware market and analyzes their market shares. Players profiled in this report are  Apple (US), MediaTek (Taiwan), Qualcomm Technologies (US), Huawei Technologies (China), and Samsung Electronics (South Korea), Intel (US), NVIDIA (US), IBM(US), Google (US), Microsift (US), AMD (US), Micron Technology (US), Imagination Technologies (UK), Cambricon Technologies (China), Tenstorrent (Canada), Blaize (US), General Vision (US), Mythic (US), Zero ASIC (US), Applied Brain Research (Canada), Horizon Robotics (China), CEVA (US),  Graph core (UK), SambaNova (US), Hailo (Israel), Veridify Security (US).

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European Smart Home Market revenue impact analysis $41.2 billion by 2027

 

According to a research report "European Smart Home Market by Product (Lighting Controls, Security & Access Controls, HVAC Controls, Smart Speakers, Smart Kitchens, Home Appliances, Home Healthcare), Software & Service (Proactive, Behavioral) and Geography - Global Forecast to 2027" published by MarketsandMarkets, the European smart home market is projected to grow from USD 26.7 billion in 2022 to USD 41.2 billion by 2027; it is expected to grow at a CAGR of 9.0% from 2022 to 2027. The key factors fueling the growth of this market include growing internet access in European region, rising need for energy saving and low-carbon emission-oriented solutions, increasing number of manufacturers expanding their smart home product portfolios, ongoing proliferation of smartphones, surging importance of home monitoring, and increasing safety, security, and convenience offered by smart home products are driving need for them.

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Smart furniture is projected to grow at the fastest rate for European smart home market during the forecast period

Smart furniture, often referred to as the future of furniture, is considered a prominent aspect of home automation, thereby creating numerous market growth opportunities. Despite being in its nascent stage, the market has shown signs of wide-scale adoption. Smart furniture offers various benefits such as enabling wireless charging for smart devices, listening to the radio, news or recipe searching, internet browsing and calling, among others. Also, smart furniture enables monitoring of activities such as sitting or standing time and calories burnt by an inhabitant.

Proactive software for European smart home is expected to grow more than the behavioral software in the forecast period.

Proactive software and services facilitate the transmission of energy consumption data to end users and suggest the best possible actions to be taken after receiving this data. These software and services transfer a higher volume of data than behavioral software and services, as they can provide inputs to end users regarding effective energy consumption, along with required actions on the physical parameters to reduce this consumption. Algorithms associated with proactive software and services can also perform a comparative analysis of the energy usage patterns based on the time of the day, historical data, and weather conditions. These software and services are more beneficial than behavioral software and services as they can also send recommendation signals to end users to take necessary actions to reduce energy consumption.

Germany is projected to grow at the fastest rate for European smart home market during the forecast period

Germany is the economic powerhouse of Europe and plays a crucial role in the European smart home market for smart lighting. German population prefers well-equipped smart homes. Moreover, in the next 4–5 years, the number of new households is expected to rise, which can offer potential opportunities for new and innovative lighting solutions. Currently, there is ongoing research on future lighting for smart homes in Germany. Germany is among the leaders in the European energy-efficient lighting industry, ahead of Italy and France. The smart home market is expected to witness significant growth in the coming years, with Germany being one of the global hotspots. Being an early adopter of new technologies, Germany continues to lead the smart home market in Europe.

Honeywell (US), Siemens (Germany), Johnson Controls (Ireland), Schneider Electric (France), ASSA ABLOY (Sweden), Amazon (US), Apple (US), ADT (US), Robert Bosch (Germany), ABB (Switzerland), and Axis Communications (Sweden) are the key players in the European smart home market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

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Supercapacitor Market revenue impact analysis $912 million by 2027

 

According to the new market research report "Supercapacitor Market by Type (Double Layer Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material (Carbon, Metal Oxide, Conducting Polymers, Composites), Application (Automotive, Energy, Consumer Electronics) - Global Forecast to 2027" The global supercapacitor market size is expected to grow from USD 472 million in 2022 to USD 912 million by 2027, at a CAGR of 14.1%. The use of technology-integrated supercapacitor solutions and the inclination of manufacturing companies toward predictive maintenance techniques are the key factors boosting the growth of the market.

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Hybrid capacitor segment to grow at the fastest CAGR during the forecast period.

Hybrid capacitor of the supercapacitor market is expected to grow at the highest CAGR from 2022 to 2027. Hybrid capacitors use one electrode and one electrochemical cell. They have a higher energy density than double-layered capacitors. These capacitors are free from self-discharge and have greater durability than lithium-ion batteries. Hence these capacitors are used on a large scale in off-grid lighting applications, powering LED devices, automotive applications and so on.

Carbon is projected to hold the largest share of the supercapacitor market for electrode material in 2022.

Carbon is expected to capture the largest market share in 2022. Carbon is one of the most abundant materials present in nature. Hence, it is economical to use carbon in energy storage and conversion processes. Carbon materials are ideal for supercapacitors owing to their excellent mechanical strength, good electrical conductivity, high electron mobility, high chemical stability, large surface area, and highly tunable properties.

China to account for a significant market share of Asia Pacific from 2022 to 2027

China is projected to account for the major share of the supercapacitor market in Asia Pacific from 2022 to 2027. The country is a key manufacturer of electronic devices. The country is also know for low cost automotive product manufacturing. It is the most significant economy in the region. Factors such as ongoing industrialization, the rising requirement for replacing aging renewable plants and energy sources, and increasing adoption of preventive maintenance activities by manufacturing firms in automotive, electronics, industrial and other applications is pushing the growth of the supercapacitor market in China.

Panasonic Industry(Japan), Eaton(Ireland), Nippon Chemi-Con(Japan), Maxwell Technologies(South Korea), and Cap-XX(Australia)are the top five players in the supercapacitor market are some of the key players operating in supercapacitor market globally.

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Automatic Tube Cleaning System Market revenue impact analysis $143 million by 2028

 

The report "Automatic Tube Cleaning System Market by Type (Automatic Ball Tube Cleaning System, Automatic Brush Tube Cleaning System), Industry (Power Generation, Oil & Gas, Commercial Spaces, and Hospitality), Application and Region - Global Forecast to 2028" The global automatic tube cleaning system market size is estimated to be USD 117 million in 2023 and is projected to reach USD 143 million by 2028, at a CAGR of 4.0%. Automatic tube cleaning systems reduce the frequency of costly maintenance shutdowns while optimizing equipment function and increasing energy savings. Automated tube cleaning systems frequently work to eliminate the formation of deposits, thereby decreasing the frequency of costly maintenance shutdowns while optimizing equipment function.

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Automatic ball tube cleaning system to grow at the highest CAGR during the review period

Automatic ball tube cleaning system is an inline cleaning system, which means that there is no need to shut down the plant for periodic cleaning of heat exchanger tubes or interrupt the plant operation. The cleaning can be done without interrupting the process. The key players which provide automatic ball tube cleaning systems are Taprogge Gmbh (Germany), Beaudrey (France), and  Westech Engineering, Inc (U.S)

Power generation industry to grow at the highest CAGR during the forecast  period

Power generation industry is likely to grow at a higher CAGR during the forecast period. The automatic tube cleaning system is used to increase the cooling capacity and energy savings in heat exchangers. It is cost-effective, which reduces carbon footprint and helps heat exchangers operate at peak efficiency.

Asia Pacific to be the fastest growing market during the forecast period

The increasing population and rapidly growing industrialization have made China and India the largest electricity producers in the world. Also, the APAC region has a booming commercial space industry. The growing need for energy saving and improving operational efficiency in refineries and commercial spaces drives the market for automatic tube cleaning systems in APAC. Moreover, the increase in demand for electricity due to growing urbanization and population increases the need for power plants to generate sufficient electricity for usage. These factors are driving the growth of automatic tube cleaning systems in Asia Pacific.

Major companies operating in the automatic tube cleaning system market include Taprogge Gmbh (Germany) BEAUDREY (France), WesTech Engineering, LLC (U.S.), Ovivo (Canada), Balltech Energy Ltd.(Israel) and among others

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HVDC Capacitor Market revenue impact analysis $15.3 billion by 2030

 

The report "HVDC Capacitor Market by Product Type (Plastic Film Capacitors, Aluminum Electrolytic Capacitors), Technology (LCC, VSC), Installation Type, Application (Energy and Power, Industrial, Commercial) and Geography - Global Forecast to 2030" The global HVDC capacitor market is projected to reach USD 15.3 billion by 2030 from an estimated USD 5.2 billion in 2022, at a CAGR of 14.4% from 2022 to 2030. The growth of the market can be attributed to the rising demand for RF tunable filters in aerospace & defense industry and escalating demand for software-defined radios to be deployed in military communication equipment.

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Ceramic capacitors are projected to register the highest CAGR during the forecast period

Ceramic capacitors can withstand variations in voltages. Hence, they find applications in resonant circuits in transmitting stations, bypass filters, oscillators, and coupling or decoupling applications. They are cost-effective and can be used to protect semiconductor devices that find applications in the automotive, transportation, consumer electronics, healthcare, energy and power, and telecommunications sectors. Hence, ceramic capacitors are projected to register the highest CAGR during the forecast period.

The pole-mounted capacitor banks are projected to register the highest CAGR in the HVDC capacitor market

The pole-mounted capacitor banks are projected to register the highest CAGR in the HVDC capacitor market. The growth can be attributed to the increased demand for these capacitor banks owing to several benefits, including easy installation and maintenance, less assembly, simple design, and cost-effectiveness. They are widely used in energy and power applications for transmitting power over long distances.

Europe is projected to account for the largest global market share during the forecast period

Europe is projected to account for the largest global market share during the forecast period attributed to the robust presence of most market players, such as Eaton; LIFASA, International Capacitors, S.A.; ELECTRONICON Kondensatoren GmbH; CONDIS Group; API Capacitors Ltd.; Isofarad Ltd.; HVP High Voltage Products GmbH; and ZEZ SILKO, s.r.o. Europe, being a hub for several automotive companies, such as Mercedes-Benz, BMW Group, Audi AG, Bosch, Continental, and DAF Trucks, is one of the leading markets for HVDC capacitors.

Hitachi, Ltd. (Japan), General Electric Company (us), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US), General Atomics (US), LIFASA, International Capacitors, S.A. (Spain), and ELECTRONICON Kondensatoren GmbH (Germany) are some of the key players in the HVDC capacitor market

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