Focused Ion Beam Market impact Analysis worth USD 1.8 billion by 2028

 

The report "Focused Ion Beam Market by Ion Source (Ga+ Liquid Metal, Plasma, Gas Field), Application (Failure Analysis, Nanofabrication, Device Modification, Circuit Edit, Counterfeit Detection), Vertical and Region - Global Forecast to 2028" The global focused ion beam market is projected to reach USD 1.8 billion by 2028 from an estimated USD 1.3 billion in 2023, at a CAGR of 7.0% from 2023 to 2028. The growth of the focused ion beam industry can be attributed to requirement for ion beam lithography technology-integrated FIB systems and deployment of focused ion beam systems for applications in material science industry.

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Failure analysis segment will record the highest CAGR in the focused ion beam market during the forecast period

The failure analysis segment will record the highest CAGR in the focused ion beam market during the forecast period. The growth can be attributed to the increased use of FIB systems for carrying out failure analysis of components or devices to recognize the cause of their failure during the manufacturing process. Manufacturers use FIB systems to test and analyze the performance of different components or devices, leading to an increased demand for these systems from the electronics & semiconductor vertical.

In 2022, electronics & semiconductor vertical accounted for the largest share of the focused ion beam market

In 2022, the electronics & semiconductor vertical accounted for the largest share of the focused ion beam market. A similar trend is likely to be observed during the forecast period. The growth can be attributed to the increased adoption of organic growth strategies, such as product launches by manufacturers of FIB systems used in the electronics & semiconductor vertical. For instance, in 2021, Thermo Fisher Scientific Inc. launched Helios 5 EXL Wafer DualBeam designed to meet increasing sample volumes and analysis needs of semiconductor manufacturers as they scale operations.

Focused ion beam market in Asia Pacific is projected to register the highest CAGR during the forecast period

The focused ion beam market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. Increasing government initiatives and investments from technologically emerging and developed countries in the region, including India, Japan, and China, are influencing the deployment of FIB systems in the region. For instance, the Government of India is focusing on establishing semiconductor fabrication plants in the country. In relation to this, ISMC Digital, a consortium of investors, is planning to build a manufacturing facility in India worth USD 3 billion. In addition, Foxconn, the Taiwanese firm that assembles iPhones, and Vedanta, an Indian mining company, have teamed up to build a USD 19.5-billion chipmaking facility in India. This is expected to fuel the growth of the focused ion beam market in the country as FIB systems are widely used for failure and material analyses in the electronics & semiconductor industry.

Thermo Fisher Scientific Inc. (US); ZEISS International (Germany); Hitachi, Ltd. (Japan); JEOL Ltd. (Japan); TESCAN ORSAY HOLDING, a.s. (Czech Republic); Eurofins Scientific (Luxembourg); A&D Company, Limited (Japan); Veeco Instruments Inc. (US); Raith GmbH (Germany); and FOCUS GmbH (Germany); are some of the key players in the focused ion beam market.

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Industrial PC Market insight analysis $6.6 billion in 2028

 

A recent, Marketsandmarkets report revealed that the global Industrial PC in direct sales market size is expected to reach USD 6.6 billion by 2038 and grow at a 5.5 percent compound annual growth rate (CAGR). The growth of the market attributed to the stringent regulatory requirements to ensure safety and security in production plants and high demand for industrial IoT by manufacturing companies driving the industrial PC market.

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Panel industrial PCs to hold the largest market share of the industrial PC market from 2023 to 2028.

Panel industrial PCs are equipped with powerful processors to achieve high computing power; these PCs offer multiple expansion slots for add-on boards. Panel industrial PCs are easy to deploy for demanding applications across a wide range of industries. The resistive touchscreen technology used in these PCs allows the user to perform tasks even by wearing gloves. Compact chassis, high performance, enhanced flexibility, improved safety control, and user-friendly touchscreens are some of the key features of panel industrial PCs.

Direct sales market for industrial PC to grow at higher CAGR during the forecast period.

Direct sales channels involve the selling of industrial PCs directly through a manufacturing company’s in-house sales staff. Players in the industrial PC market sell industrial PCs to end-user industries directly through their staff. Direct channels help end-user industries to choose the correct specification and get customized PCs according to their requirements. Several leading industrial PC providers, such as Kontron and Advantech, along with IEI Integration and Avalue Technology, prefer supplying industrial PCs and related products directly to end-user industries.

Discrete industries of industrial PC market to grow at higher CAGR from 2023 to 2028

The increasing demand for improved process flexibility and enhanced efficiency, comprehensive integration of quality and regulatory requirements, harmonized production processes for optimum supply chain management, and the constant pressure in terms of reducing maintenance and operation costs are the major factors that would drive the adoption of industrial PCs in discrete industries. Furthermore, the increasing focus of automobile companies to develop quality products at competitive prices and the growing demand for high-end automobiles are driving the growth of the industrial PC market for discrete industries.

Asia Pacific to be the fastest-growing market for industrial PCs during forecast period

The industrial PC market in Asia Pacific is expected to grow at the highest CAGR during 2023—2028. China and Japan are major markets for industrial PCs in Asia Pacific. Japan is home to major automobile manufacturers and suppliers currently facing the challenge of high labor costs and increased lead times of manual production. Hence, companies are adopting automated and semi-automated material handling solutions to overcome these challenges. The rising use of industrial automation technologies in these countries fuels the growth of the market for industrial PCs in Asia Pacific.

Key players operating in the market include Advantech Co., Ltd., (Taiwan), Beckhoff Automation (Germany), IEI Integration Corporation (Taiwan), Siemens (Germany), B&R Automation (Austria), Kontron (Germany), Avalue Technology Incorporation (Taiwan), DFI (Taiwan), NEXCOM International Co., Ltd., (Taiwan), and American Portwell Technology Inc. (US).

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Interactive Display Market Revenue Analysis to grow USD 13.2 Bn

 

The report "Interactive Display Market with COVID-19 Impact Analysis, by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025" The global interactive display market is expected to reach USD 13.2 billion by 2025 from USD 9.0 billion in 2020, growing at a CAGR of 8.1% from 2020 to 2025. Growing demand for interactive display panels in gamification and digital classrooms, assured return on investment (ROI) for businesses from interactive display products, decreasing prices and increasing panel size leading to high adoption of interactive display products, growing adoption of interactive displays in retail sector, and dynamic nature of interactive displays leading to an improved customer experience are the major factors driving the market growth for interactive displays.

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32—65” panel size segment to account for the largest share of the interactive display market during forecast period

32—65” panel size segment is expected to account for the largest share of the interactive display market during the forecast period. The market for 32—65” interactive displays is mainly driven by the demand from educational institutes, government, and corporate sector. These displays are extensively used for official presentations and trade shows. They facilitate organizations to identify target audience and make appropriate business decisions.  

Education vertical to dominate the interactive display market from 2020 to 2025

Interactive displays are extensively used in the education sector. In recent times, students desire and expect active communication that rapidly absorbs and instantaneously responds to their requirements. Education can be imparted to students with the help of interactive display products placed in public places such as reception, canteens, staff rooms, libraries, and hostels. Interactive display products in educational institutions can also act as emergency broadcast systems, that quickly alert students and staff in emergencies. Some of the products that have applications in the education sector are interactive whiteboards, touchscreen monitors, and interactive kiosks.

Europe to account for a significant share of the global interactive display market

Europe is a major market for interactive displays. The presence of many active industries and companies in the region is a major factor driving the market growth. Moreover, the growing trend of conventional broadcasters entering the interactive display market to explore growth opportunities for advertising, and the constantly growing hospitality sector in the region are the other factors that are significantly contributing to the growth of the interactive display market in Europe. The market growth in the UK and Germany can be attributed to the growing demand for interactive displays in healthcare, hospitality, transportation, and banking and financial service verticals. Moreover, the transportation, and retail & hospitality industries are expected to provide growth opportunities for market players in France.  

The report profiles key players such as Samsung Electronics (South Korea), LG Display (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), Sharp (Foxconn) (Japan), Elo Touch Solutions (US), Crystal Display systems (UK), ViewSonic (US), and Horizon Display (US).

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MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Underfloor Heating Market impact analysis 7.0 Billion by 2027

 

The report "Underfloor Heating Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region - Global Forecast to 2027", is projected to grow from USD 4.8 billion in 2022 to USD 7.0 billion by 2027; it is expected to grow at a CAGR of 7.6% from 2022 to 2027. Strong government support and incentives for the development and adoption of energy-efficient heating solutions is one of the major factors fueling the growth of this market.

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“Hardware offerings accounted for larger share of underfloor heating market in 2021.”

Hardware offerings accounted for a larger share of the underfloor heating market in 2021. The growth of the market is attributed to the increasing demand for hardware such as heating pipes and cables, distribution units, and manifolds for use in hydronic and electric underfloor heating systems.

“Market for electric underfloor heating expected to grow at higher CAGR during forecast period”

The market for electric underfloor heating systems is expected to grow at a higher CAGR during the forecast period. Electric underfloor heating systems are less costly and are easier to retrofit because these systems comprise several subsystems that do not require an insulating screed. Electric systems can also easily be fitted into a single room, particularly where wireless controllers are used to avoid digging walls. Furthermore, electric underfloor heating systems exert less load on floors; therefore, they can be easily fitted in rooms and flats on a higher level.

“Market for new installations of underfloor heating systems expected to grow at highest CAGR during forecast period”

New installations would dominate the underfloor heating market during the forecast period mainly because of favorable government regulations and tax credit facilities on the installation of energy-efficient systems and a high focus on energy saving and minimizing energy bills. Underfloor heating systems also reduce installation cost in new builds where developers use on-site laborers to install basic systems and use specialist contractors to commission and connect electric systems and boilers.

“Residential  application accounted for largest share of underfloor heating market in 2021”

The residential application held the largest share of the underfloor heating market in 2021 due to the increasing awareness about the benefits of underfloor heating systems in residential properties. The high growth rate of the underfloor heating market for the residential application is mainly due to the growing refurbishment activities in many developed nations. Underfloor heating is considered to be ideal for new builds and also becoming more popular for renovations because of new product innovations in this area.

“Europe is expected to dominate underfloor heating market during forecast period”

The European market is expected to grow at the highest CAGR during the forecast period due to the growing trends of zero-carbon emissions and tax-credit benefits policies adopted by various governments in European countries. Also, many players are offering portable electric underfloor heating systems in Europe, which would further increase the adoption of underfloor heating systems.

A few of the key players in the underfloor heating market are Uponor (Finland), Resideo Technologies Inc. (US), nVent Electric (UK), Warmup (UK), Rehau (Switzerland), Emerson (US), Robert Bosch (Germany), Danfoss (Denmark), Mitsubishi Electric (Japan), and Siemens (Germany).

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Routing Market impact analysis $22.9 billion by 2027

According to a research report "Routing Market with COVID-19 Impact, by Type (Wired, Wireless), Placement (Edge, Core, Virtual), Application (Datacenter, Enterprise), Vertical (BFSI, Healthcare, Education, Residential, Media & Entertainment) and Region - Global Forecast to 2027" published by MarketsandMarkets, the routing market size is estimated to be valued at USD 15.1 billion in 2022 and reach USD 22.9 billion by 2027, at a CAGR of 8.6% from 2022–2027.

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The growing requirement for bandwidth in data centers and rising adoption of connected devices in the healthcare and education sectors are projected to create lucrative opportunities for the market players during the review period.

The routing market includes major Tier I and II players like Cisco (US), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), and others. These players have a strong market presence for Routing across various countries in North America, Europe, APAC, and RoW.

High demand for cloud services

The growth of the routing market is exclusively driven by cloud services and cloud-based infrastructure with the increasing number of cloud service providers. Cloud is also driving the adoption of SDN, ensuring scalable, flexible, and differentiated network governed and achieved by SDN. This is further fueling the adoption of data center switches. SDN works on 3 different layers: application, control, and infrastructure; switches play an important role in handling the data traffic and supporting SDN controllers in all three layers. Technological advancements in routing are leading to rapid adoption of routers for cloud-based services. Improved features, such as high bandwidth of 25 Gbps to 100 Gbps, high scalability, and high performance allow quick data access, encouraging the adoption of these routers for cloud computing.

Wireless routers is expected to hold the highest market share during the forecast period

Wireless router is expected to be the leading segment, by type, in the routing market during the forecast period. The growing need for high-speed internet connectivity and the rising adoption of smart devices such as smartphones, tablets, and smart TVs are driving the demand for wireless routers with effective connectivity. The increasing demand for internet-based devices and expansion of cloud networking, coupled with the rising adoption of virtualized technologies, are expected to propel the growth of the global wireless router market during the forecast period.

BFSI vertical to hold the largest market size of routing market during the forecast period

The increasing implementation of IoT in this vertical is fueling the growth of the connected devices market and consequently the growth of the routing market. IoT enables financial institutions to track customers’ activities, events, and needs with the help of the data generated by sensors. With IoT devices, banks can provide holistic and connected banking solutions for customer finances in real-time. IoT-enabled connected banking solutions help banks fulfill customers’ needs and facilitate financial decisions through the data collected from various smart devices. The data also enables banks to provide value-added services, financial assistance, and customized products to individual customers.

Routing market in APAC to hold the highest market share during the forecast period

APAC is also witnessing an increase in the adoption of technologies such as cloud, IoT, connected devices, SDN, and NFV. The growing adoption of these technologies, along with the next-generation communication requirements, can create challenges for the existing networks. APAC has the largest mobile subscribers across the world, and the number is expected to increase in the coming years. Moreover, with a rise in the number of digitalization initiatives, countries in APAC are moving toward digital transformation. Most countries in the APAC region, such as Singapore and India, are experiencing high economic growth, fueled by the rapid expansion of domestic enterprises. Also, companies such as AWS, Microsoft, Google, and IBM are the leading cloud service providers in the region that are fueling the growth of the data center applications for the routing market. Both Amazon and Microsoft sell their cloud services through their data centers in China. Google is also planning to open its first data center in China by 2023.

Key players operating in the routing market are Cisco (US), Huawei Technologies Co., Ltd. (China), Juniper Networks, Inc. (US), Hewlett Packard Enterprise Development LP (US), Arista Networks, Inc. (US), ASUSTeK Computer Inc. (Taiwan), New H3C Technologies Co., Ltd. (Taiwan), NETGEAR (US), Nokia (Finland), Xiaomi (China), Acelink Technology Co., Ltd. (Taiwan), ADTRAN (US), Allied Telesis, Inc. (Japan), Belkin International, Inc. (US), D-Link Corporation (Taiwan), EERO LLC (US), EKINOPS S.A. (France), Extreme Networks (US), Linksys USA, Inc. (US), MikroTik (Latvia), Peplink (US), Raymar Information Technology, Inc. (US), Sierra Wireless (Canada), Synology Inc. (Taiwan), and TP-Link Corporation Limited (China).

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Robotic Process Automation Market impact analysis USD 2,467.0 Million by 2022

The report "Robotic Process Automation Market by Process (Automated solution, Decision Support & Management Solution, and Interaction Solution), Operation (Rule Based and Knowledge Based), Type (Tools and Services), Industry, and Geography - Global Forecast to 2025", Robotic Process Automation (RPA) Market is estimated to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022.

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The growth of this RPA market is mainly driven by the ease in business processes with the installation of robotic process automation; and convergence of robotic process automation with traditional business processes. Moreover, integration of new technologies such as artificial intelligence (AI), and cognitive systems with robotic process automation; and high demand of robotic process automation (RPA) in logistic industry are few major opportunities for robotic process automation market

Robotic process automation market for healthcare and pharmaceuticals will likely to grow at the highest CAGR during forecast period

The robotic process automation market for the healthcare and pharmaceuticals industry is expected to grow at the highest CAGR during forecast period. The healthcare and pharmaceuticals industry is highly information-dependent, as it involves medical records of patients, credentials of patients, information on claims processing, revenue cycle management, etc. In this regard, robotic process automation not only helps reduce operational costs but also ensures greater accuracy. The interactive solutions offered by robotic process automationhelp efficiently manage data, reduce medical transportation costs, lower appointment scheduling errors, and so on.

Robotic process automation tools expected to hold the largest market size of the overall robotic process automation market

Robotic process automation tools held the largest market size in 2018 owing to its capability of eliminating repeatable and predictable human interactions with business applications by mimicking the way people interact with applications through a user interface and also by following simple rules to make decisions. Tool-based lifecycle management can be divided into requirement definition, initial design, application development, testing, deployment, and release and maintenance. It also involves tracking and documenting changes throughout the process of the application.

North America is expected to dominate the robotic process automation market during forecast year

The robotic process automation market for North America held the largest market size in 2018 and is expected to dominate the market during forecasted period. In the US, BFSI has been leveraging robotics process automation to improve business processes since 2010. Due to the high degree of flexibility and scalability of the solution, as well as greater data processing and workflow management capabilities, there is widespread deployment of robotic process automation in the BFSI space. The growth of robotic process automation in Canada is driven by the ramp-up of the banking and financial industry. Human resource outsourcing, business process outsourcing, and contact center outsourcing have seen tremendous growth in Canada in recent times. The growth of the RPA market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes—backed by software bots.

Benefits of Robotic Process Automation (RPA) in various industries

The RPA market report profiles the most promising players in the RPA market. The competitive landscape of the market presents an interesting picture of strategies adopted by many players. Nice Systems Ltd. (Israel), Automation Anywhere (US), Blue Prism Group Plc (UK), Celaton Ltd. (UK), IPSoft, Inc. (US), Pegasystems Inc. (US), Redwood Software (US), UiPath SRL (UK), Verint Systems Inc. (US), and Xerox Corporation (US) are few dominant players in the robotic process automation market.

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HMI Market impact analysis $7.3 billion by 2027

 

The report "Human Machine Interface (HMI) Market by Product (Hardware (Basic HMI, Advanced PC Based HMI, Advanced Panel Based HMI) and Software(On Premise HMI and Cloud Based HMI), Configuration (Embedded HMI, Standalone HMI) and Region - Global Forecast to 2027" The global HMI market size is estimated to be USD 4.9 billion in 2022 and is projected to reach USD 7.3 billion by 2027, at a CAGR of 8.1%. Increasing number of government initiatives to promote the adoption of operational technologies and rapidly growing adoption of industrial automation in the manufacturing processes are major factors driving the growth of the HMI market. Additionally, growing demand for safety compliance automation solutions is another key driver for the market.

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HMI software to grow at the highest CAGR during the review period.

Offline deployment provides a high degree of security and safety for the data as the entire infrastructure required for HMI solutions is deployed at the user’s premises. It also offers a stable production environment, as it gives full control over software updates and other technical complications. Small enterprises prefer cloud-based HMIs over on-premise solutions as they require a low initial cost compared to on-premise HMI solutions. Increasing efficiency of production processes and improved reliability are key advantages of HMI software.

Embedded HMI held the largest share and is projected to grow at the highest CAGR during the review period.

Embedded HMIs are combined with more powerful hardware and software platforms to use the 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 2 machines and provides easy access to an operator. Embedded HMIs improve energy efficiency and can be easily deployed as they occupy much less space as compared to traditional HMIs.

Oil & gas held the largest share of the process industry segment in 2021.

The supply chain of the oil and gas industry, from exploration through delivery, accommodates various automated technologies, including HMI solutions. In addition, stringent government regulations pertaining to safety in oil and gas, along with the need to drive down costs, fuel the adoption of HMIs in the industry. Environmental conditions in oil and gas plants are very harsh, which makes rugged HMIs well-suited for applications in the oil and gas industry.

Automotive held the largest share and is projected to grow at the highest CAGR during the review period.

Increasing demand for automotive in developing countries, technological innovations in the automotive industry, such as electric cars, fuel-efficient cars, connected cars, and growing competition in the market, are expected to drive the HMI market for the automotive industry. Technological progress, such as the development of new software solutions with advanced capabilities, brings more functionality, ease of use, and lower cost of automation products, which have further led to the evolution of HMI software offering, thereby increasing their adoption in  the automotive sector.

North America held the largest share in 2021 and Asia Pacific is projected to grow at the highest growth rate during the review period.

The industrial, automotive, power, oil & gas, pharmaceutical, and healthcare sectors are integrating HMI with data analytics to improve performance and reduce overall operational costs, which is promoting the growth of the HMI market in North America. In addition, the presence of major players in the region provides unprecedented leverage for the growth of the HMI market. The major factors driving the growth of the HMI market in Asia Pacific include continuous advancements and technological innovations in various industries; economic development in China, Japan, and India; escalating infrastructural developments in India and other countries in Southeast Asia; and increasing foreign investments in the region.

Major companies operating in the HMI market include Rockwell Automation Inc. (US), ABB (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), Honeywell International Inc. (US), Advantech Co., Ltd. (Taiwan), Emerson Electric Co. (US), General Electric Co. (US), Mitsubishi Electric Corporation (Japan), and Yokogawa Electric Corporation (Japan).

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