Significant Growth in Nanorobotics Market by 2023

According to the new market research report on the "Nanorobotics Market by Type (Nanomanipulator (Electron Microscope and Scanning Probe Microscope), Bio-Nanorobotics, Magnetically Guided, and Bacteria-Based), Application (Nanomedicine, Biomedical, and Mechanical), and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the Nanorobotics Market is estimated to grow from USD 4.9 billion in 2018 to USD 8.3 billion by 2023, at a CAGR of 11.1%.

The market is mainly driven by factors such as increasing government support and level of investment in nanorobotics, growing advancements in molecular robots, and rising focus on nanotechnology and regenerative medicine.

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Nanorobotics Market for magnetically guided nanorobotics to grow at highest CAGR during forecast period

The nanorobotics market for magnetically guided type is expected to grow at the highest CAGR during the forecast period. This is attributed to the ease of use of magnetically guided nanorobotics systems as compared with other nanorobotics types. Globally, several companies and research institutes have developed magnetic manipulation system that uses electromagnetic coils to wirelessly guide nanorobots in several nanorobotics applications. The market for bio-nanorobotics is expected to grow at the second-highest CAGR during the forecast period.

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Nanomedicine application to hold largest share of nanorobotics market during forecast period

Nanorobotics is widely used in nanomedicine owning to its healthcare characteristics. Nanomedicine is expected to hold the largest share throughout the forecast period of the overall nanorobotics market, by application. The large share of this application attributes to the large level of commercialization in the healthcare sector for drug delivery, biomaterial, in vivo imaging, in vitro diagnostic, active implants, and drug therapy. The market for biomedical applications accounted for the second-largest share of the overall nanorobotics market, by application, in 2017.

Americas to remain major consumer of nanorobotics during forecast period

The Americas is expected to be a major consumer for nanorobotics solutions during the forecast period. The growth in this market is mainly driven by the favorable government scenario for nanorobotics research and focus on nanotechnology and regenerative medicine. Also, the large share of this region can also be attributed to the highly developed healthcare system and the presence of a large number of nanorobotics players.

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The report profiles the most promising players in the market. The market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are Ginkgo Bioworks (US), Imina Technologies (Switzerland), Thermo Fisher Scientific (US), Klocke Nanotechnik (Germany), Oxford Instruments (UK), Kliendiek Nanotechnik (Germany), Bruker (US), JEOL (Japan), Toronto Nano Instrumentation (Canada), EV Group (Austria), Xidex (US), Synthace (Germany), Park Systems (South Korea), Smaract (Germany), Nanonics Imaging (Israel), Novascan Technologies (US), Angstrom Advanced (US), Hummingbird Scientific (US), NT-MDT Spectrum Instruments (SI) (Russia), and WITec (Germany).

Solid State Relay Market Size, Share | Growth Analysis | Forecasts to 2024

The overall solid state relay market is expected to grow from USD 1.2 billion in 2019 to USD 1.6 billion by 2024, at a CAGR of 5.7%. The market growth is propelled by increasing digitization and automation in the consumer electronics industry; growing modernization of electric vehicles; robust features of SSR, such as high switching frequency and resistance to shock and vibration; and low noise while operating, long operating life, and low maintenance and compact size of SSR.

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Solid state relay market for PCB-mount SSR to grow at highest CAGR from 2019 to 2024

Market for PCB-mount SSR is expected to grow at the highest CAGR during the forecast period. The PCB-mount SSR is mounted on a printed circuit board (PCB) using either through-hole or surface mount technology (SMT). SSRs are used in various commercial and industrial applications, including plastics and packaging machines, professional food equipment, laboratory ovens, theatrical lighting systems, medical equipment, renewable energy systems, and HVAC. Design engineers are constantly updating their designs while reducing the size of systems and increasing their functions. This has given rise to demand for PCB-mount SSRs, which replaces conventional panel-mount SSRs. For example, PCB-mount SSRs are used in portable dialysis machines owing to need for compactness and ease of transportation.

Solid state relay market for high current rating SSR to grow at highest CAGR from 2019 to 2024

The high current rating SSR market is estimated to grow at the highest CAGR from 2019 to 2024. The high current rating (50A & above) SSRs are mainly used in building equipment, and energy and infrastructure. SSRs with high current ratings (150A and above) are expensive due to their power semiconductor and heat-sinking requirements. Increasing use of high current rating SSR in elevators, conveyor systems, and machine tools is fuelling the growth of this market.

Automotive & transportation industry to exhibit high growth in solid state relay market during forecast period

The automotive and transportation industry is expected to grow at the highest CAGR from 2019 to 2024. SSR has wide applications in automobiles, such as battery electric vehicles, hybrid electric vehicles, charging stations, commercial trucks, and even combustion engine vehicles. As electric vehicles are battery-operated, SSR finds its application in a number of functions and working of these vehicles. Besides basic functions of an electric vehicle, SSR is used in power windows, car antenna, door lock, intermittent wiper, interior lighting, power seat, power sunroof, car stereo, and car horn. These applications are also common for combustion engine automobiles. Growing demand for electric vehicles is supporting the high growth rate of SSR in automotive and transportation.

Solid state relay market in APAC to grow at fastest rate during forecast period

The solid state relay market in APAC is expected to grow at the highest CAGR during the forecast period. China and Japan are the countries driving the growth of the SSR market in APAC. APAC has huge growth potential for the SSR market. The market growth in this region can be attributed to the tremendous growth of automotive, food & beverages, building equipment, and manufacturing industries in emerging economies such as China, Japan, India, and South Korea. 

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Key Market Players

As of 2018, Carlo Gavazzi (Switzerland), Omron Corporation (Japan), Vishay Intertechnology (US), Crydom (US), Omega Engineering (US), Broadcom (US), Fujitsu (Japan), Rockwell Automation (US), Anacon Electronic Sales (US), Celduc Relais (France), IXYS Integrated Circuits Division (US), Teledyne Relays (US), Ametek (US), Arico Technology (Taiwan), Connectwell Industries (India), Eaton (Ireland), Emtech Solutions (India), Panasonic (Japan), Phoenix Contact (Germany), and TE Connectivity (Switzerland) were the major players in the solid state relay market.

360quadrants Releases Quadrant on the Best Project Management Software Providers

 The project management software enables project managers and other team members in ideating, planning, implementing, tracking, and delivering projects of all sizes and kinds on time. A project management software has been created in such a way that the user can plan and store project responsibilities and events, make agendas and deadlines, address project challenges, allocate and manage project-related expenses, set up association and support among team members, manage quality, bring together project teams, and manage human resources as well as project updates. The best project management software allows businesses to efficiently manage their projects through all the phases of the project lifecycle, right from ideation and commencement to implementation and conclusion.

360Quadrants has released a quadrant on the best project management software to help businesses make quicker and more informed decisions. The companies are ranked into quadrants after analysing companies based on their product portfolios and business strategies.These quadrants are updated every three months based on the market and regional analyses and developments happening in the project management industry. 360Quadrants conducts an in-depth SWOT analysis that helps service providers to learn more about new opportunities and areas where they might be lagging behind their peers. It further helps clients choose the most appropriate vendor for their requirements.

Categorization of Project Management Software Providers

360Quadrants has evaluated the top 45 companies in the Project Management Software market, out of which 18 companies have been categorized as Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.

Asana, Smartsheet, Wrike, Airtable, Zoho Projects, Trello, Basecamp, MeisterTask, ClickUp, Teamwork, WorkFront, Aha!, and Monday.com have been positioned as Visionary Leaders because they have an established product portfolio and a robust market presence and business strategy.

Proofhub and Teamleader have been named as Innovators as they have focused product portfolios and innovative business strategies.

Redmine has been listed as an Emerging Company, as it has a niche product offering and decent business strategies.

Flow, Freedcamp, EasyProjects, and Thrive have been positioned as Dynamic Differentiators because they are largely dependent on their competitive R&D activities.

360quadrants Company Evaluation Methodology

The top vendors in Project Management Software market are rated based on the following methodology:

1.      A highly experienced team of researchers and senior analysts conducts extensive research to generate a list of vendors (competitors).

2.      A patent-pending algorithm is used for collecting inputs from key stakeholders—industry experts, buyers, vendors, and 360Quadrants analysts—based on criteria for product maturity and company maturity.

·         The criteria under product maturity include breadth and depth of product/service offering, product features and functionalities, product differentiation, and their impact on customer value.

·         The criteria under company maturity include geographical footprint, partner ecosystem, financial stability, and client coverage or sector footprint.

·         Approximately, 20+ in-depth parameters are considered for research into the global Project Management Software market. These parameters will be then updated every six months to ensure the latest developments are taken into consideration.

·         A weight is assigned to each stakeholder based on the information that is gathered pertaining to the above criteria as well as inputs from stakeholders. These inputs follow the order of priority given below:

1.      Buyers

2.      Industry Experts

3.      360Quadrants Analysts

4.      Vendors (Competitors)

5.      The inputs are then analyzed and a final rating is assigned to each vendor (competitor).

6.      After the finalization of ratings, each vendor is placed in the most relevant quadrant based on their score.

About 360quadrants

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields like Accounting Software, Human Resource Software, and Virtual Machine Software.

Increasing Demand for Occupancy Sensor Market by 2025

 The occupancy sensor market is projected to reach USD 3.6 billion by 2025 from USD 2.9 billion in 2020; it is expected to grow at a CAGR of 13.3% during the forecast period. The growth of the occupancy sensor market is driven by factors such as increasing need for energy-efficient lighting controls and the growing popularity of smart homes. On the other hand, the rising trend of green buildings across the world is among the major factors that are likely to create growth opportunities for the market.

The passive infrared-based occupancy sensors accounted for the largest share of occupancy sensor market in 2019. These sensors are affordable and consume lower power than the other two technologies, which makes more it suitable for wireless network connectivity.

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The occupancy sensor market for 180–360° coverage area is expected to account for the highest share during the forecast period. There is a strong demand for higher coverage area occupancy sensors as a single occupancy sensor can be installed in large rooms such as large office floors, conference rooms, and classrooms, whereas 89° and 90–179° coverage area-based sensors are used mostly in smaller spaces due to their limited field of view.

The occupancy sensor market for residential building type is expected to grow at the highest CAGR during the forecast period. In the current market scenario, most house owners prefer their residences to be installed with the latest technologies, which also help them manage energy usage and minimize the cost. Moreover, growing awareness regarding home automation and smart homes among occupants are expected to drive the occupancy sensor market for residential buildings.

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North America led the global occupancy sensors market in 2019. The demand for occupancy sensors in North America for commercial and residential buildings is more than other geographies. This demand is attributed to the value chain for the occupancy sensors market being well-organized and well-managed in the region. The US continues to remain the largest market for occupancy sensors across the region. The occupancy sensor market in the US is primarily driven by supportive government plans and the presence of key players in the country, along with their offerings.

COVID-19 Impact on the Global Microphone Market by 2025

According to a new market research "Microphone Market with COVID-19 Impact by Technology (MEMS, Electret, Other), by MEMS Type, by Communication Technology, by Application (Automotive, Consumer Electronics, Industrial, Medical, and Sensing), & by Geography - Global Forecast to 2025", published by MarketsandMarkets™, the global Microphone Market is estimated to be USD 2.3 billion by 2025 (forecast year) from USD 1.6 billion in 2020 (estimated year), at a CAGR of 7.9% between 2020 to 2025.

The growth of the microphone market is fueled by high adoption of next-generation consumer electronics, elevated use of piezoelectric microphones in IoT applications, escalated demand for modern microphones for use in smart wearable devices, and increased number of microphones per device. Moreover, factors such as increasing utilization of microphones in infotainment and safety monitoring systems in vehicles, growing demand for IoT enabled connected devices with voice command feature, and growing use of microphones in industrial applications for the evaluation of ambient or environmental noise play an important role in driving the growth of the market.

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The market for MEMS microphones expected to hold the largest market share during the forecast period

In 2019, the MEMS technology segment of microphones accounted for the largest share of the microphone market. Growth of this segment can be attributed to the various benefits provided by this microphone which includes improved sound-to-noise ratio (SNR), high integration level, high-performance density, less variation in sensitivity over temperatures, and low power consumption. Also, the reduced size of MEMS microphones makes them ideal for use in several small products such as wearables, wireless earphones, and hearing aids. The superior temperature stability and small form factors are also a few of the other advantages offered by the MEMS microphones.

Wireless microphones expected to grow at the highest CAGR during the forecast period

An exponential use of wireless microphones in concerts, musical events, sporting tournaments, and broadcasting studios is fueling the growth of the wireless microphone market across the world. In 2018, sponsorship investments in sports were worth nearly 46 billion. The increase in sponsorship investments in sports activities is expected to propel the demand for wireless microphones during the forecast period. Also, wireless microphones are used with various consumer electronic devices, such as smartphones and tablets.

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66 – Figures
187 – Pages

 

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Americas is projected to hold the largest share of microphone market in 2025

Americas is expected to hold the largest share of the microphone market in 2025. The Americas is a huge adopter of smart electronic devices. This has helped the consumer electronics manufacturers to introduce higher-end devices in this region. The acceptance of the latest technology trends and the adoption of MEMS microphones by the majority of consumer electronics manufacturers have stimulated the growth of the microphone in the Americas. Also, some players from the consumer electronics industry such as Apple and Samsung are adding more numbers of microphones per device to ensure improved acoustical performance, which is crucial for the consumer-driven market in the Americas. Also, the sensitivity to detect low-level sounds can be increased by maximizing the number of microphones. Similarly, wearable devices have gained popularity in recent years, and their market is growing at an impressive rate in the Americas. The use of microphones in such wearable devices enables manufacturers to add voice recording and voice command features. All these factors contribute to the growth of the microphone market in the region.

 

The report profiles key players, including Knowles (US), AAC Technologies (China), TDK (Japan), Goertek (China), STMicroelectronics (Switzerland), Robert Bosch (Germany), BSE (South Korea), Cirrus Logic (US), Hosiden Corporation (Japan), and Gettop Acoustic (China). These companies focus on adopting both organic and inorganic growth strategies, such as new product launches, partnerships, and mergers and acquisitions to strengthen their position in the market.

Top 5 Reasons to Use Project Management Software

Project management software enables the project managers and other team members in planning, managing, and delivering projects of all sizes and kinds. It has been created in such a way that a team can plan and store project tasks and events, make agendas and deadlines, address project challenges, allocate and manage project-related expenses, support project members, manage quality, bring together project teams, and manage human resources as well as project updates. The Best Project management software enables the organizations to handle their projects throughout the stages of the project lifecycle, right from project ideation and commencement to project implementation and conclusion.

MAJOR USES OF PROJECT MANAGEMENT SOFTWARE 

Use	Description
Planning	A project management software helps a user in planning the approach of a project from its ideation to its completion. It further helps invisualizing the activities that are co-dependent, summarizing the project agenda and settingup deadlines, and sorting of crucial tasks and assigning relevant resources to each task.
Task Management	One of the major functions of a project management software is to assist users in managing tasks and monitoring them as well. This is the main functionality that project managers look for in a project management software. This function can be used right from the unit level to the macro level. The users can deploy a robust software for complicated projects or simple software for small projects. This software enables the team to manage staff and resources, tasks, delivery deadlines, and results. Thebest Project Management Software usually come equipped with a visual interface that allows users to know more about the team’s skills and assign them with relevant tasks accordingly.
Collaboration	For a successful completion of a project, it is important for the team members to work in collaboration with other team members, dealers, senior leadership, and other participants. This collaboration can be possible amongst team members operating from the same location or from different locations but working on the same project. There are several project management software that offer robust tools and functionalities, allowing users to share and store documents, interact with each other over cloud via multiple channels including VoIP, email, IM, wikis, etc.
Manage Priorities	A project may at times diverge from the agreed plan due to an unexpected event or additions or modifications to the project. In such a situation, it is important that the project members are well aware of the tasks to be completed. Most of the project management software come equipped with a basic calendaring feature, which allowsteam members to complete deliverables on time by arranging agendas of teams that work on co-dependent tasks. The users can also monitor and sort the tasks that may be important for other tasks during planning and halfway through the project, when changes can impact the original plan.
Address Issues	The projects that are highly technical and complicated may encounter problems that can affect the project delivery deadlines or the entire deliverable. These issues can be anything from bugs to breakdowns or gaps that arise after the completion of a task or project. Some dedicated project management software come with a capability to track bugs and identify the root cause of the problem, which further helps users in addressing the issue within time.

 

The aforementioned uses of project management software help in keeping all the project members focused. With new technologies and innovations comping up every day, an assortment of templates is readily available, which helps in managing projects right from the ideation till the time they are delivered.

Deploying a project management software can prove to be beneficial for the business as well as the employees, especially with the growing size of businesses and more and more people being associated with it. The best project management software helps in improving performance, workflows, enhances team collaboration, etc. It has certainly become an essential tool for the successful completion and delivering projects with utmost efficiency.

Key Trends in Smart Camera Market for Security & Surveillance

 The Smart Camera Market for Security & Surveillance is expected to grow from USD 1.93 Billion in 2015 to USD 3.06 Billion by 2020, at a CAGR of 9.7% from 2015 to 2020.

The major driver for the global smart camera for security & surveillance market is the increasing usage of smart cameras for security & surveillance applications. Easy installation and advanced monitoring features offered by smart cameras are the factors leading to the growth of this market. On the basis of application, the global smart camera for security & surveillance market has been segmented into public spaces, military & defense, transit facilities, commercial facilities, enterprise & government infrastructure, and residential infrastructure.

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The public spaces application segment of the global smart camera for security & surveillance market is projected to grow at the highest CAGR from 2015 to 2020:

Smart cameras used for security & surveillance applications are continuously undergoing technical advancements to obtain better quality imaging. Growing concern for security & surveillance in public spaces, such as railway station, public squares, and parks is one of the factors driving the demand for smart cameras, globally. Moreover, there has been an increase in terrorist activities worldwide, with innocent civilians being majorly targeted. Acknowledging this fact, various countries across the globe are modernizing their conventional anti-terror equipment and adopting latest technologies to mitigate security lapses. Manufactures are also developing technologically advanced cameras that can provide wide range coverage in open areas and crowded places. Thus, the increased demand for better quality cameras for security & surveillance is driving the global smart camera for security & surveillance market.

The CMOS subsegment of the sensor technology segment is projected to lead the global smart camera for security & surveillance market during the forecast period:

The CMOS subsegment of the sensor technology segment is projected to lead the global smart camera for security & surveillance market during the forecast period. CMOS image sensors are the most preferred sensors, owing to their smaller size, low power consumption, ease of integration, faster frame rate, and lower manufacturing cost.

The area scan subsegment of the scanning technology segment is expected to grow at the highest CAGR from 2015 to 2020:

The area scan subsegment of the scanning technology segment of the global smart camera for security & surveillance market is projected to grow at the highest CAGR during the forecast period. The technical advantage of area scan cameras is that these cameras are capable of reading image as a whole and capture images of preset resolution in both directions, that is, in terms of length and width of an object. These cameras use arrays of sensitive pixels to create images and uses rectangular sensors to capture the image. Due to these technical advantages, smart cameras are increasingly used in the sectors, such as public spaces, military & defense, transit facilities, commercial facilities, enterprise & government infrastructure, and residential infrastructure.

The Asia-Pacific region is projected to lead the global smart camera for security & surveillance market and grow at the highest CAGR during the forecast period:

In 2014, the Asia-Pacific region held the largest share in the global smart camera for security & surveillance market. The Asia-Pacific smart camera for security & surveillance market is expected to grow at the highest CAGR between 2015 and 2020. This growth can be attributed to the technological developments taking place in this region. Besides, the Asia-Pacific region is also emerging as manufacturing for smart cameras.

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The leading players in the global smart camera for security & surveillance market are FLIR Systems, Inc., Canon Inc., Samsung Techwin Co., Ltd., Sony Corporation, Panasonic Corporation, Bosch Security Systems, Inc., Raptor Photonics Ltd., and Watec Co., Ltd.

This report describes the market trends, drivers, and challenges with respect to the global smart camera for security & surveillance market and forecasts the market till 2020. This global report provides a detailed view of the market across the four regions, namely, the Americas, Europe, Asia-Pacific, and rest of the world (RoW).

Exponential Growth in the InGaAs Camera Market by 2023

The InGaAs Camera Market is expected to be valued at USD 132.6 Million by 2023 from USD 78.5 Million in 2017, at a CAGR of 9.1% between 2017 and 2023. The major factors driving the growth of the InGaAs camera market include high demand for line scan InGaAs cameras for machine vision applications, high penetration of InGaAs cameras in military and defense, and increasing demand for InGaAs cameras in security, surveillance, and firefighting.

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Uncooled cameras expected to hold the largest market share by 2023

Uncooled cameras dominate the overall InGaAs camera market as they find major applications in the field of military, defense, and aerospace; industrial inspection; food inspection; telecommunications; and spectroscopy. Their low cost makes them a better choice for many applications. Non-destructive testing and adoption of automation in industries are expected to propel the growth of the market for uncooled cameras as they are widely used in the machine vision application. Cooled cameras are only used in applications where better accuracy is required.

Line scan cameras expected to grow at the highest rate between 2017 and 2023

The market for line scan cameras is expected to register a higher CAGR. This growth can be attributed to the use of line scan cameras in machine vision applications. Line scan cameras are primarily used in applications where there is a requirement for capturing the images of fast-moving objects. These cameras are beneficial for various applications in different verticals including semiconductor, food and beverages, and industrial. Some of the applications of line scan cameras are silicon wafer inspection, silicon luminescence detection, food inspection, and noncontact thermal imaging of hot objects.

North America expected to hold the largest share of the InGaAs camera market during the forecast period

North America is expected to hold the largest share of the InGaAs camera market during the forecast period. The presence of prominent players in the field of military and defense, scientific research, and industrial automation in North America is driving the growth of the InGaAs camera market in this region. High spending on military and defense is further expected to propel the InGaAs camera market in North America.

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The report also profiles the most promising players in the InGaAs camera market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in the InGaAs camera market are Hamamatsu (Japan), First Sensor (Germany), Jenoptik (Germany), Teledyne Technologies (US), Luna (US), Lumentum (US), Laser Components  (Germany), Albis Optoelectronics (Switzerland), Thorlabs (US), Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies  (France), Allied Vision Technologies (Germany), Raptor Photonics  (UK), Sofradir (France), Princeton Instruments (US), Photon (Canada), Fermionics Opto-Technology (US), AC Photonics (US), GPD Optoelectronics (US), New England Photoconductor (US), QPHOTONICS (US), Episensors (US), and IRCameras (US).