Increasing Demand for Instrument Clusters from the APAC Region

 The instrument cluster market is expected to be worth USD 9.02 billion in 2018 and is expected to reach USD 10.72 billion by 2023, at a CAGR of 3.5% between 2018 and 2023. Increasing vehicle production worldwide and stringent government regulations for vehicle and passenger safety across the globe are driving the growth of the instrument cluster market. Growing demand for digital instrument clusters provides opportunities for the market players.

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The instrument cluster market for speedometer and odometer application is expected to grow at the highest CAGR between 2018 and 2023. Speedometer is a standard equipment in various types of vehicles. The major demand for speedometers is from passenger cars, two-wheelers, and commercial vehicles. The demand for speedometers and odometers is growing due to the growing need for vehicle safety. Many countries such as the US, China, and India are focusing on the safety of vehicle and passengers, which requires frequent monitoring of factors such as speed, fuel level, temperature level, oil level, among others. 

By vehicle type, two-wheeler is expected to grow at the highest CAGR between 2018 and 2023. Two-wheelers are one of the most versatile forms of transportation. APAC is the leading region for the two-wheelers market. The major demand for two-wheelers in APAC is mainly derived from countries such as China and India while other important countries include Indonesia, Thailand, Philippines, Malaysia, and Singapore. The demand for two-wheelers is highly dependent on the economic stability and average income levels of the country. Massive government spending in rural programs, large road-construction projects, and increasing population and urbanization are the major factors driving the growth of the two-wheelers market.

By technology, digital instrument cluster is expected to grow at the highest CAGR during the forecast period. OEMs preferring digital instrument clusters due to the growing demand from end users is the major driving factor for the digital instrument cluster market. Most automobile manufacturers are seeking to differentiate their vehicles through the provisioning of digital instrument clusters in their vehicles. Growing advancements in display technology also help drive this market. Many players are focusing on providing advanced display technology for their clusters considering the growing interest of end users in 3D technologies for a more immersive experience. Players providing digital instrument clusters include Continental (Germany), Visteon (US), DENSO (Japan), Robert Bosch (Germany), and Magneti Marelli (Italy), among others. 

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The instrument cluster market has been segmented on the basis of geographic regions into North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. The Asia Pacific region is expected to provide ample opportunities to the instrument cluster market during the forecast period for different types of vehicles, including two-wheelers, passenger cars, and commercial vehicles, among others. The automotive industry in Asia Pacific has been very dynamic over the past few years, owing to the changing consumer preferences, increasing per capita income of the middle-class population, and low vehicle costs.

Identifying High-Growth of Wireless Data Radio Modem Market

 The wireless data radio modem market is expected to reach USD 724.1 Million by 2023 from USD 594.4 Million in 2018, at a CAGR of 4.03% during the forecast period. The growth of this market is fueled by the growing demand for radio modems in agricultural drones and surveys, dominance of radio modems in SCADA and telemetry applications, and low operational costs and more power-efficiency of private radio networks using radio modems.

This report covers the wireless data radio modem market segmented on the basis of product type, operating range, product type-specific application, and geography. In terms of operating range, the market for long range is expected to grow at the highest CAGR between 2018 and 2023. The long range (LoRa) technology is particularly ideal for many applications because of its long-range capability. Long-range radio modems often provide extended line-of-sight (LoS) coverage compared to higher frequency communications and are used when operators require operations over the distance larger than ultrahigh-frequency (UHF) range.

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General-purpose wireless data radio modem is expected to hold a larger share of the market during the forecast period. The demand for radio modems is increasing as these modems require minimal infrastructure for facilitating communication and ensuring the delivery of data, in the form of voice and video, in the most cost-effective and reliable manner.

The UAV drone wireless data radio modem market for precision farming application is expected to grow at the highest CAGR during the forecast period. UAVs are a natural progression from macro- to micro-farming and large- to small-scale farms. Drones equipped with radio modems have a large number of applications in the agriculture sector, including seeding, spraying, and livestock farming. Thus, the use of radio modems operating at unlicensed UHF and VHF bands in unmanned aircraft systems have now become a valuable agricultural decision-making tool.

APAC is expected to hold the largest share of the wireless data radio modem market. The rapid increase in industrialization in the emerging economies such as China and India in this region during the past several years is a major factor contributing to the growth of the market in APAC. Also, the growing capital expenditure by the governments of these developing countries in ITS, smart grid, and mining and geo-exploration is expected to propel the demand for wide area network (WAN) based on radio modems during the forecast period.

The wireless data radio modem market comprises following players: Intuicom (US), SATEL OY (Finland), Motorola Solutions (US), Schneider Electric (France), Digi International (US), Pacific Crest (US), Advantech B+B SmartWorx (US), FreeWave Technologies (US), Cohda Wireless (Australia), Campbell Scientific (US), Harris Corporation (US), Pro4 Wireless (Sweden), SIMREX Corporation (US), Wood & Douglas (UK), GE Grid Solutions (US), JAVAD GNSS (US), ABB (Switzerland), Harxon Corporation (China), Adeunis (France), ATIM Radiocommunications (France), Encom Wireless (Canada), Microhard Systems (Canada), and Arada Systems (US).

eSIM Market: The Next Big Thing Witnessing Stunning Growth

 The overall eSIM market is estimated to grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0% between 2018 and 2023. The emphasis on remote SIM provisioning for M2M, favourable government regulations boosting M2M communication and high adoption of IoT technology are driving the demand for eSIM solutions.

ESIM is useful for applications in which settings are required to be remotely updated, has the capability to bypass the form factor issues, and enables easy manufacturing and deployment of several IoT devices and sensors. Presently, the global eSIM market is in its nascent phase. With the steady adoption of the IoT technology across various industries, the overall eSIM market is likely to gain traction in the coming years.

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The M2M application is estimated to lead the eSIM market in 2018. The increasing penetration of the internet, coupled with the rising adoption of IoT across verticals such as automotive, consumer electronics, energy & utilities, manufacturing, retail, and transportation & logistics, is primarily driving eSIM adoption. In addition, favourable regulatory frameworks are facilitating the growth of M2M across verticals. ESIM is now a mainstream technology in the M2M application. It plays a pivotal role in this application owing to its remote programmability and high security.

The rapidly growing M2M market across verticals is expected to contribute to the dominance of M2M application during the forecast period. However, the lack of standardization in connectivity protocols is expected to hinder the eSIM market growth.

Based on vertical, the telecommunications vertical is anticipated to witness the fastest growth during the forecast period. The telecommunications vertical remains one of the major forces shaping disruption, innovation, and growth across various technology industries. ESIM is anticipated to be a game changer in telecommunications applications. It aids in intelligent switching of operator profiles without any hassle to the end user, with no geographical border constraints. The adoption of eSIM by telecommunications stakeholders is likely to position them as leading players in connectivity and IoT markets in the coming years.

Europe is estimated to hold the largest share of the eSIM market in 2018, followed by North America and Asia Pacific. However, by 2023, North America is likely to hold the largest market share globally. The increasing focus on the linking and digitization of future products and services is boosting the growth of the semiconductor industry. The semiconductor industry offers key technology solutions such as security, energy efficiency, mobility, and smart grid, across verticals. Furthermore, semiconductors are viewed as building blocks for enhanced environmental monitoring, energy efficiency, and better security. It is one of the most R&D-intensive industries in Europe. The demand for eSIM is likely to gain momentum in the near future owing to the rapid adoption of advanced technologies, changing consumer demographics, as well as shifting consumer preferences.

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ESIM cards allow remote provisioning of SIM profiles through enabling automatic interoperability between connectivity platforms and multiple SIM operator profiles. However, the operational flexibility achieved by an embedded SIM would be a futile effort if security is compromised. The eSIM collects and stores the credentials of mobile network operators (MNOs) in the inbuilt software of the device, which is prone to various security hacks. In addition, it operates through multiple MNOs and physical platforms, thereby exposing it to the risks of the virtual environment.

Major players operating in the eSIM market include Deutsche Telekom AG (Germany), Gemalto NV (Netherlands), Giesecke & Devrient GmbH (Germany), Infineon Technologies AG (Germany), NTT DOCOMO, INC. (Japan), NXP Semiconductors N.V. (Netherlands), Sierra Wireless, Inc. (Canada), Singapore Telecommunications Limited (Singapore), STMicroelectronics (Switzerland), and Telefónica, S.A. (Spain). Key market players focus on acquisitions, collaborations, joint ventures, partnerships, and product launches and developments to enhance their product offerings and expand their businesses.

Growing Demand for Cable Modem Termination System

 According to the new market research report "Cable Modem Termination System (CMTS) and Converged Cable Access Platform (CCAP) Market by Type (CMTS, and CCAP), DOCSIS Standard (DOCSIS 3.1, and DOCSIS 3.0 and Below), Application (Consumer, and Business), and Geography - Global Forecast to 2023", published by MarketsandMarkets™ , the CMTS and CCAP market size is estimated to be valued at USD 3.87 Billion by 2017 and is likely to reach USD 7.23 Billion by 2023, at a CAGR of 10.96% between 2017 and 2023.

The major factors driving this market include increasing investment in broadband services, the advent of over the top (OTT) services such as Netflix, Amazon Prime, and Hulu, and growing demand for IoT.

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CCAP is expected to hold the largest market share in the forecast period 

The CCAP market is growing because of booming internet and over the top (OTT) services, which is driving the adoption of new headend hardware. CCAP is capable of fulfilling all the requirements related to high-speed internet and OTT services, whereas CMTS is lagging. However, the cable industry's DOCSIS 3.1 upgrade is also a major instigating factor for high adoption of CCAP. In addition, CMTS market will continue to fall slowly.

DOCSIS 3.1 standard systems to hold the largest market share during the forecast period 

With the increased demand for CCAP systems and DOCSIS 3.1 standard cable lines across verticals, the market for DOCSIS 3.1 standard systems is expected to hold the largest market in the forecast period. It is expected to continue the same during the forecast period owing to the increase in the demand for high-speed internet and OTT services such as internet TV, video on demand, music, and communications.

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

North America emerged as a major consumer for the CMTS and CCAP market. Increasing demand for high-speed internet and OTT services is expected to propel the CMTS and CCAP market. Major companies such as Arris, Harmonic, and Cisco are launching their products in this region. Moreover, DOCSIS 3.1 upgrade is encouraging CMTS and CCAP system manufacturers to manufacture systems with DOCSIS 3.1 specification.

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The major players in the market include Arris (US), Cisco (US), Casa Systems (US), Harmonic (US), Nokia (Finland), Huawei (China), Broadcom (US), Juniper (US), Chongqing Jinghong (China), Blonder Tongue Laboratories, Inc. (US), Sumavision Technologies Co., Ltd. (China), Versa Technology Inc. (US), C9 Networks Inc. (US), Vecima Networks Inc. (Canada), and Teleste Corporation (Finland).

Significant Growth and Demand in LTE Advanced Pro Market

 The overall LTE Advanced Pro market is estimated to be valued at USD 150.0 million in 2018 and is expected to reach USD 8,017.5 million by 2023, at a CAGR of 121.6% from 2018 to 2023. Major drivers for this market are as follows: LTE Advanced Pro delivering higher bitrates in a cost-efficient manner; improved efficiency with additional functionality; reduced latency and optimized connectivity; and growing demand for improved network coverage.

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The LTE Advanced Pro market has been segmented on the basis of communication infrastructure, core network technology, and deployment location. In terms of communication infrastructure, small cell is expected to hold the largest share of the market by 2023. The increasing number of buildings in cities has led to obstruction in telecom signals and is leading to poor quality of services and degraded customer experience. It is estimated that a large volume of data will be transferred between devices. To handle such large volumes of data at high speed, reliable network connectivity is imperative, and small-cell antenna systems will play an integral role in carrying out the communication process efficiently.

By core network technology, the LTE Advanced Pro market for NFV is expected to grow at the highest CAGR during the forecast period. For network operators to handle such huge data, increasing network capacity is a major challenge. NFV can play a critical role in overcoming this challenge. NFV promises to ease the load by granting service providers the flexibility to move network functions from dedicated appliances to generic servers.

Of all the major deployment locations, urban areas held the largest share of the LTE Advanced Pro market in 2017. Need for enhanced network capacity and coverage in locations such as city center zones, subways, and stadiums, which are always populated with a large number of occupants, are a major driver for the growth of the market in urban areas.

The LTE Advanced Pro market for the retail stores deployment is expected to grow at the highest CAGR between 2018 and 2023. Retail malls often face limited data coverage issue. High demand for accurate data and information flow at high speed in retail automation will drive the growth of the LTE Advanced pro network in retail stores.

Of all the regions, North America held the largest size of the global LTE Advanced Pro market in 2017. North America has emerged as a prominent region in terms of the adoption and implementation of LTE Advanced Pro services and applications. It is anticipated to witness strong demand for wireless cellular network across urban areas, residential areas, and rural areas, among others. The market in RoW is expected to grow at the highest CAGR between 2018 and 2023 followed by APAC. The growth of the market in APAC is attributed to THE adoption of new technologies and advancements by organizations functioning across various sectors. The region has become the center of attraction for major investments and business expansion opportunities.

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Key restraining factors for the global LTE Advanced Pro market are limitations on waveform flexibility and synchronization robustness. The underlying concern of the industry regarding shortening timescales for Phase I (rel. 15) may lead to technical ambiguity in air interface technologies and further compromise 5G quality.

Key players in the LTE Advanced Pro market are Huawei (China), Nokia Networks (Finland), Ericsson (Sweden), Samsung Electronics (South Korea), ZTE (China), NEC (Japan), Cisco Systems (US), Qualcomm (US), and Intel (US).

Key Opportunities in the Noise Monitoring Market

 According to the new market research report on the "Noise Monitoring Market by Sampling Method (Short-term, Long-term, & Permanent Monitoring), precision Type (Class 1 & Class 2), Connectivity (Wi-Fi, Cellular, Ethernet, & USB), Solution (Hardware, Software, & Service), Application, and Geography - Global Forecast to 2023", this market is expected to be valued at USD 806.5 Million by 2023, at a CAGR of 4.1% between 2017 and 2023

The major factors driving the growth of the noise monitoring market include the growing occupational hearing impairment in industries, stringent government policies, demand for reducing noise pollution in urban areas, need for noise monitoring systems at airports to optimize profit and capacity, rising installation of all-in-one environmental monitoring solutions, and requirement of noise monitoring infrastructures in mining, wind plant, petrochemical industry, and harbor.

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Permanent noise monitoring expected to hold the largest market by 2023

Permanent noise monitoring held the largest share of the noise monitoring market in 2016. This can be attributed to the wide installation of permanent noise monitoring in places where regular measurement is backed by stringent government policies. Also, permanent noise monitoring is used mainly for real-time noise monitoring.

Cellular connectivity market for noise monitoring to grow at the highest rate during the forecast period

The cellular connectivity for the noise monitoring market is likely to grow at the highest rate during the forecast period. The market is showing a high growth because noise monitoring helps companies and consultants remotely transfer noise data to the central system or cloud storage and reduces the data transfer time.

Europe likely to hold the largest share of the noise monitoring market during the forecast period

Europe is expected to hold the largest share of the noise monitoring market during the forecast period owing to the presence of major companies such as Brüel & Kjær (Denmark), SKF Group (Sweden), Svantek (Poland), Norsonic (Norway), Delta OHM (Italy), and Libelium Comunicaciones Distribuidas (Spain), providing noise monitoring solutions to customers in countries such as the UK, France, Germany, Denmark, Sweden, Spain, and others. The governments in Europe are very stringent regarding adherence to noise policies. The manufacturing companies in this region need to regularly monitor the noise level to avoid heavy penalties.

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The report also profiles the most promising players in this market. The key players in this market are Svantek (Poland), RION Co. Ltd. (Japan), Bruel & Kjaer (Denmark), Cirrus Research Plc (UK), Extech Instruments (US), Pulsar Instruments (UK), 3M (US), Nti-Audio (Liechtenstein), Castle Group Ltd. (UK), SKF Group (Sweden), Kimo Instrument (Japan), B&K Precision Corporation (US), HT Instruments (Germany), 01dB (ACOEM Group) (France), SINUS Messtechnik GmbH (Germany), CESVA INSTRUMENTS SLU (Spain), Testo SE & Co. KGaA (Germany), and Casella Inc. (US).

COVID-19 Impact on the Machine Safety Market

The machine safety market is expected to be valued at USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Key factors driving the demand for machine safety systems include strict machine safety mandates, and high requirements for reliable safety systems to ensure personnel and asset protection.

COVID-19 impact on the machine safety market

Machine safety systems are aggressively being used for fire and gas monitoring as they offer a platform to enhance operational efficiencies and increase productivity while safeguarding workers. Due to the outbreak of COVID-19, the adoption of these systems will increase in the future as companies will adopt automation at large to ensure continuity of business operations even during crises. Most of the industries are affected by supply chain disruptions worldwide. Medical devices and pharmaceuticals industries are striving to yield maximum output to cater to the needs of patients in various regions. Pharmaceuticals and food & beverage are the industries that manufacture essential goods and their manufacturing facilities cannot be shut. During this pandemic, these are the 2 industries providing essential items to people. Thus, it is expected that these industries will generate more demand for machine safety solutions.

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The presense sensing safety sensors component is projected to to hold largest market share of machine safety market from 2020 to 2025.

The presense sensing safety sensor market is expect to hold the largest market share owing to the need for security requirements for protecting workers and production units from any accidents mandated by the strict machine safety regulations based on the national and international standards. Moreover the factors such as the rise in machine revolution 4.0, increasing need for safety light curtains in the packaging industry powered by robotics, and rising incidents of accidents in industries are driving the demand for presence sensing safety sensors of machine safety market.

The machine safety market for food & beverages industry is projected to grow at the highest CAGR during the forecast period.

The machine safety systems are widely adopted by food and beverage giants to increase production precision and flexibility. Machine safety helps in achieving greater operational transparency across production lines and in ensuring compliance with regulations. The food & beverages industry strives to achieve high quality and consistent production at a low price. This can be achieved by making food & beverages plants more safe, flexible, and profitable by choosing an integrated approach of automated safety control systems such as machine safety solutions. Further, as companies are becoming more aware of regulations, which are becoming more stringent, there is an upsurge in demand for machine safety systems to achieve safe and efficient operations in food & beverage manufacturing plants.

The machine safety market in Europe is projected to hold the largest market share of machine safety during the forecast period.

Europe is the largest markets for machine safety systems as machine safety standards are strictly followed within the European Economic Area (comprises all European Union countries). The safety standards and directives present in the region restrict the supply and operation of machinery that do not meet the regulatory requirements. The machine safety requirements are stringent in the European region, which are driving the growth of the market.

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Key Market Players

The machine safety players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, partnerships and, business expansions, to strengthen their offerings in the market. The major players are ABB Ltd. (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), General Electric Co. (US), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), Keyence Corporation (Japan), Mitsubishi Electric Corporation (Japan), Pilz GmbH & Co. KG (Germany), Sick AG (Germany), Balluff GmbH (Germany), and Banner Engineering Corp. (US) were the major players in the machine safety market.

Strong Growth in Terminal Management System Market

 The terminal management system market was valued at USD 725.5 Million in 2016 and is expected to reach USD 1,097.7 Million by 2023, at a CAGR of 5.94% between 2017 and 2023. The increased use of integrated safety and security solutions, which enhance the level of automation at terminals, is a driving factor for this market.

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The terminal management system market has been segmented by offering, project type, vertical, and geography. By offering, the market has been classified into software and services. The market for services is expected to grow at a higher CAGR during the forecast period.  The major factor driving the growth of the services market is increasing awareness for installing automation solutions and the need for providing services, such as training and maintenance, to improve the operational efficiency of terminals.

The terminal management system market, by project type, has been segmented into Brownfield and Greenfield projects. The market for Brownfield projects is expected to grow at a higher CAGR during the forecast period. The growing demand for automating existing terminals by integrating software will increase the overall productivity, and help conserve both time and energy.

The terminal management system market in APAC is expected to grow at the highest CAGR during the forecast period owing to the rise in the number of terminal automation projects in countries such as India, Malaysia, and the Philippines. For instance, the Governments of China and Japan are focusing on innovation and growth, and are taking steps to restructure the market. The value chain of the TMS market starts with R&D, which comprises planning and solution design, followed by software deployment, software solution providers, and system integrators. System integrators integrate the basic hardware components, such as programmable logic controllers and distributed control systems; software; and communication networks.

The major restraint for the terminal management system market is the lack of technical expertise. Global deployment of solutions is required for a company (distributor) to set up a standardized, common terminal management system (TMS) for terminal operations. Thus, sufficient technical knowledge and technical expertise is required to operate terminal management systems. Terminal upgrades and field operations require government approvals which is a major challenge for the market to promote exploration activities.

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Key players in this market focus on strategic partnerships, acquisitions, agreements, contracts, new software, solution launches, and expansions to increase revenue. ABB Ltd. (Switzerland) is a leading player in the TMS market, followed by Honeywell International, Inc. (US) and Siemens AG (Germany). In 2017, ABB (Switzerland) signed an agreement for the safety and automation system with Statoil ASA (Norway) for new offshore oil field development in Norway. This agreement with Statoil ASA will enable ABB Ltd. to develop standard design solutions using the 800xA safety and automation system.

Evolution and Development of Alarm Monitoring Technology in US Region

The overall alarm monitoring market is expected to be valued at USD 45.70 Billion in 2018 and is likely to reach USD 59.83 Billion by 2023, at a CAGR 5.5% between 2018 and 2023. The major factors driving the growth of the market include attractive insurance policy discounts for installing security systems and increasing popularity of smart homes and home automation systems.

Software, services, and solutions held a major share of the overall alarm monitoring market in 2017. The software, services, and solutions segment dominates the market as most players in this market generate revenues through monitoring and installation fees, which they obtain as monthly recurring charges. Many players in this market offer free equipment and installation to expand their customer base.

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Among all communication technologies, wired telecommunication network held the largest share of the overall alarm monitoring market in 2017. Wired telecommunication is the most commonly used communication technology in the existing alarm monitoring systems; its reliability is a major reason of its dominating presence.

Among all end-use applications, building alarm monitoring held the largest share of the overall alarm monitoring market in 2017. Alarm monitoring systems installed in buildings are designed to detect emergency situations such as fire, smoke, intrusion, and flood. Residential buildings form a major segment of the market for building alarm monitoring; a major part of the overall revenue in this segment is generated through monthly recurring charges, which alarm monitoring companies obtain in lieu of monitoring services. Most companies catering to residential customers do not charge for the equipment or installation costs; however; they charge a monthly fee for monitoring.

Protocol inputs are electrical signals, which are formatted into a formal code that represents more complex information than that in case of discrete or analog signals. There are different types of protocols for transmitting telecom alarm data. With growing cyber security concerns, protocol signals are preferred over analog and discrete signals as these signals provide more security due to encryption.

North America is in the forefront in the evolution and development of alarm monitoring technology as this region is home to some of the largest multinational corporations in the world. Most leading players operating in the global alarm monitoring market are based in this region. Increased R&D in the field of remote monitoring, home automation systems, and Internet of Things, in terms of new and improved technologies, is a major factor driving market growth in North America. The emerging R&D activities at the academic and industry levels are broadening the application areas of alarm monitoring to include equipment monitoring, building alarm monitoring, environment monitoring, and medical equipment monitoring in North America. The market in APAC is expected to grow at the highest rate between 2018 and 2023 as the region is highly concerned about the increase in security spending owing to the ever-growing threat landscape in the region. In the recent years, APAC has undergone tremendous economic growth, political transformations, and social changes.

Some of the major players operating in the alarm monitoring market are ADT (US), Moni (US), Honeywell US), Securitas (Sweden), UTC (US), Schneider (France), Johnson Controls (US), Vivint (US), Vector Security (US), and Bosch (Germany).

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Alarm Monitoring Market Dynamics

Attractive insurance policy discounts for installing security systems

Several insurance companies offer a discount in the insurance amount for installing and maintaining an alarm system with some form of central monitoring. Insurance companies offer maximum discounts in cases where the alarm system is connected to a central monitoring station. These monitoring stations alert the emergency services in case of an alarm.

COVID-19 impact on the process analyzer market

According to the new market research report "Process Analyzer Market With COVID-19 Impact, By Liquid Analyzer (MLSS, TOC, pH, Liquid Density, Conductivity, Dissolved Oxygen), Gas Analyzer (Oxygen, Carbon Dioxide, Moisture, Toxic Gas, Hydrogen Sulfide), Industry and Region Global Forecast to 2025", published by MarketsandMarkets™, the Process Analyzer Market is projected to grow from USD 6.8 billion in 2020 to USD 8.1 billion by 2025; it is expected to grow at a CAGR of 3.5% from 2020 to 2025. The key factors fueling the growth of the market include rising demand for water and wastewater treatment, increase use of process analyzer in drug safety, and fiscal policy measures by regional financial institutions to boost process analyzer market during the COVID-19 crisis.

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 TOC analyze to hold the largest size of the liquid process analyzer market by 2025.

Total organic carbon (TOC) is a sum measure of the concentration of all organic carbon atoms present in a sample of water. TOC analyzers detect the presence of all carbon-bearing molecules and organic contaminants, regardless of the molecular make-up. Organic molecules are introduced into the water from the source water and purification & distribution system materials. Such analyzers are essential measurement components in a host of industries relying on the process control and reporting of regulated organic discharge levels. Industries often use TOC analysis to protect vital systems from corrosion by monitoring the raw water feedstock and process water quality.

The oxygen analyzer is projected to account for the largest size of the gas process analyzer market by 2025.

The oxygen analyzer segment is expected to hold the largest market share and record the highest CAGR during the forecast period. There has been a significant rise in the adoption of oxygen analyzers across various process industries, especially pharmaceutical and petrochemical, to determine the amount of oxygen in boilers, incinerators, and furnaces; such analyzers provide fast and accurate readings in high temperatures and corrosive atmospheres.

Browse in-depth TOC on "Process Analyzer Market"
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APAC projected to be the largest market for a process analyzer from 2020 to 2025.

The growth of this market is driven by the flourishing manufacturing industry with continuously changing trends and ongoing advancements in automation technologies. Companies seek improved process analyzers and solutions for predictive alerts, as well as for analyzing their systems to reduce overall operational and maintenance costs. In APAC, the deployment of process analyzers and solutions is expected to increase rapidly during the forecast period in China, India, and Japan.

The key players operating in the process analyzer market include ABB Ltd. (Switzerland), AMETEK Process Instruments (US), Applied Analytics, Inc. (US), Endress+Hauser AG (Switzerland), Emerson Electric Co. (US), Suez (France), Mettler-Toledo International Inc. (US), Siemens AG (Germany), Endress+Hauser AG (Switzerland), Thermo Fisher Scientific, Inc. (US), and Yokogawa Electric Corp. (Japan).

Impact of Growth and Trends on the Critical Communication Technologies

The critical communication market is expected to grow from USD 13.9 billion in 2019 to USD 19.8 billion by 2024, at a CAGR of 7.4%. Advanced features of critical communication network, increase the need to modernize old equipment, and high demand for critical communication solutions from diverse industries such as public safety, transportation & medical are the major driving factors for the market’s growth during the forecast period.

Owing to factors such as the critical communication infrastructure includes group calling, rapid voice call setup, and high-quality audio and video. Complex systems incorporating trunking and digital capabilities enable multiple features, such as video conferencing and real-time HD videos. Also, modern critical communication networks have state-of-the-art features such as multi-network operation with spectrum sharing techniques, network security capabilities, temporary deployable systems, and quality of services.

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Hardware to dominate critical communication market during the forecast period

A few of the vital components forming a critical communications system are command and control systems, infrastructure equipment, and end-user devices. Hardware is expected to hold a larger share of the critical communication market, because of the rising demand from the ongoing as well as new deployment of critical communication networks in various end-use verticals such as public safety, transportation, utilities, mining, others. Moreover, major developments in oil and gas plants to improve their operations through intrinsically safe and highly reliable networks and concerns toward public safety and security are the key factors fueling the growth of the market.

LTE technology to account for the highest demand in the critical communication market during the forecast period

LTE is the next global standard for critical communications, according to several industry representatives, consultants, and end-users. Factors such as the adoption of LTE by FirstNet by public safety organizations in the US, the inclination of the UK Home Office toward LTE, and plans of South Korea to build a nationwide LTE network for public safety are driving the development of LTE for critical communications. The requirements of public safety communications are rapidly changing, involving the adoption of broadband-based multimedia applications, remote surveillance, and robotic technologies such as unmanned aerial vehicles (UAVs). As a result, public safety agencies are replacing their narrowband public safety networks with LTE-based networks.

North America to hold a major share of the critical communication market during the forecast period

North America is currently leading the global critical communication industry, followed by Europe and Asia Pacific, mainly due to ongoing technological advancements and rising adoption of digital LMR products by government and commercial sectors. The US government made the interoperability standard available to ensure efficient use of LMR technology products and fast and uninterrupted communication in case of catastrophic situations, such as the September 11 attack or Hurricane Katrina. North America is considered to be the most advanced region with regard to the adoption of critical communication technology and infrastructure. The protection of critical infrastructure is considered to be the most severe economic and national security challenge by the government of these countries.

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Key Market Players: Motorola Solutions (US), Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Hariss (US), ZTE (China), Cobham Wireless (UK), Inmarsat (UK), Hytera (China), JVCKENWOOD Corporation (Japan), Mentura Group (Finland), Tait Communications (New Zealand), Telestra (Australia), Ascom (Switzerland), Zenitel (Belgium), Leonardo (Italy), Secure Land Communications (France), and Simoco Wireless Solutions (UK).

Increasing Demand for Gesture Recognition Market near Future

The gesture recognition market is projected to reach USD 32.3 billion in 2025 from USD 9.8 billion in 2020, at a CAGR of 27.0%. The touchless sensing market is projected to reach USD 15.3 billion in 2025 from USD 6.8 billion in 2020 at a CAGR of 17.4%.

Major drivers for gesture recognition market growth are increasing demand for connectivity in the automotive industry, low technical complexity and advanced user experience and growing digitization across several industries. Further, the integration of multiple technologies with gesture control will create opportunities for the market. The major restraint for the market is high power consumption by the gesture-enabled products. Complex framework for manufacturers poses a significant challenge for this market.

Major drivers for touchless sensing market include increasing demand for contact-free sensing as well as hygiene issues and favorable programs deployed by the government. The escalating demand for touchless sensing technologies in smartphones and touchless biometric solutions with upgraded tracking and controlling functionalities will create opportunities for the market. The major restraint for the market is higher switchover costs coupled with user resistance. High cost involved in touchless sensing products pose a significant challenge for this market.

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Based on industry, consumer electronics to hold the largest share of the gesture recognition market

The largest market share of the consumer electronics industry throughout the forecast period is attributed to the increasing number of end-users of consumer electronics, such as laptops, tablets, and smartphones. Technological advancements and ease of use are factors increasing the acceptance of gesture recognition technology in the consumer electronics industry. The other important factor driving the market growth is the ability of gesture recognition technology to provide improved ergonomics to many consumer devices.

Touchless biometric vertical to be the largest share holder of the touchless sensing market in coming years

The increasing use of biometric equipment in the automobile, consumer electronics, commercial, and industrial sectors is expected to drive the growth of the touchless biometric equipment market. As biometric deployments begin to expand into markets and environments that are characterized by end-users who may possess less ideal skin conditions to use fingerprint technology, contactless biometric sensor technology is proving to be a viable solution. Fingerprint technology is not a one-size-fits-all solution due to its reliance on skin integrity and difficulty to function properly in certain environments and with various ethnicities. Contactless biometric sensors help in solving these problems and offer added features of being more hygienic, a problem that plagues biometric technology with sensors that require contact. 

North America to account for the largest size of gesture recognition and touchless sensing market in 2020

The North American gesture recognition and touchless sensing market has witnessed significant advancements in the past few years. It is always at the forefront in terms of the adoption of technology and associated services. The deployment of augmented reality (AR) and virtual reality (VR) technologies in the gaming and entertainment industries have accelerated the adoption of gesture recognition products and solutions in the region. Favourable initiatives taken by the government in North America to strengthen regulatory activities and security operations have encouraged the growth of the market. Moreover, the demand for finger-scan biometric technologies for user authorization is expected to increase the demand for PC/network security applications.

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Key Market Players

Microsoft Corporation (US), Microchip Technology Inc. (US), Apple Inc. (US), Google Inc. (US), Sony Depthsensing Solutions SA/NV (Belgium), Infineon Technologies AG (Germany), OmniVision Technologies, Inc. (US), IrisGuard (UK), Cognitec Systems GmbH (Germany), and GestureTek (Canada), pmdtechnologies ag (Germany), PointGrab Inc. (Israel), XYZ Interactive (Canada), Elliptic Labs (Norway), Eyesight Technologies Ltd. (Israel), Ultraleap (UK), German Auto Labs GmbH (Germany), iPROOV Limited (UK), Gesture Research (India) and OBLONG INDUSTRIES (US) are a few major players in the gesture recognition and touchless sensing market.

Increasing Demand for Non-Volatile Memory Market

The non-volatile memory market was valued at USD 54.3 billion in 2020 and is projected to reach USD 83.6 billion by 2025, at a CAGR of 9.0% between 2020 and 2025. Increasing demand for faster access and low power consuming memory devices is expected to drive the overall non-volatile memory market during the forecast period. The rising need for memory devices with high speed, low power consumption, and high scalability is expected to fuel the development of new non-volatile memories.

COVID-19 Impact on the Global Non-Volatile Memory Market

The COVID-19 pandemic has disrupted business activities globally. Due to the globally imposed lockdown, the consumer electronics and enterprise sector has seen a huge loss in terms of production, with major impact witnessed by the manufacturing, BFSI, and retail sectors. The lockdown has severely impacted the manufacturing companies as almost every plant has come to a halt. Many essential commodity manufacturing companies are also unable to continue with production due to the lack of workforce amidst the pandemic. Thus, there is a slight decline in the non-volatile memory market as well due to COVID-19.

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Market for emerging memories such as 3D NAND to grow at fastest CAGR during forecast period

3D NAND flash technology is one of the growing technologies in the non-volatile memory market. The market for NAND flash technology is reaching saturation as NAND flash manufacturers are adopting miniaturization to increase the storage density and to reduce cost. Nowadays, flash memory vendors are emphasizing on increasing chip density by layering NAND flash cells on top of each other. This approach is likely to reduce the production cost and boost the performance of flash memories.

3D NAND flash memory uses a new flash cell design and vertically stacks dozens of silicon layers in a single chip. This allows 3D NAND flash memory to increase storage density using a much less aggressive manufacturing process technology than the planar NAND flash memory.

Consumer electronics to hold largest share of non-volatile memory market by 2025

Consumer electronics are one of the largest application areas of nonvolatile memories. The performance requirements in consumer electronics are continuously increasing owing to rising need for high processing power and memory density while keeping the product cost more or less persistent. These memories have the capability to meet the requirements of consumer electronics equipped with advanced technologies, such as AI, IoT, and big data analytics, which generate huge amounts of data to be stored. The increasing need for high storage density and low power consumption is driving the demand for flash memories in portable consumer electronic devices, such as mobile phones, laptops, tablets, digital cameras, and gaming devices. However, the 3D NAND memory offers miniaturized products with high storage density.

North America to account for a significant market share during forecast period

North America is among the largest producers of memory chips in the world. It is the major base for all non-volatile memory manufacturers. North America is the second-largest consumer of memory in the world after Asia Pacific. R&D support with a huge financial backing for the development and adoption of advanced technologies across industries is one of the major reasons for this consumption. The memory-integrated products in this field include smartphones, tablets, gaming consoles, digital still cameras, personal navigation devices, and MP3 players. North America is a major center for consumer electronics, especially smartphones owing to which the demand for emerging non-volatile memory is significantly large in this region.

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Key Market Players

The companies profiled in this report are Intel Corporation (US), Toshiba Corporation (Japan), SAMSUNG ELECTRONICS (South Korea), Adesto Technologies Corporation (US), Viking Technology (Taiwan), Crossbar Inc. (US), Kilopass Technology (US), Sidense Corporation (Canada), Sandisk Corporation (US) and Micron Technology (US) And many others.

Upcoming Key Trends and Applications of HVDC Transmissions

 The HVDC transmission market is projected to reach USD 12.3 billion by 2024 from USD 8.2 billion in 2018, at a CAGR of 6.9% during 2018–2024. Major drivers for the market’s growth are optimal solutions for long distance transmission, growing demand for VSC technology, shift toward renewable energy, and supportive government policies and initiatives for HVDC transmission. 

Infeed Urban Areas application expected to witness highest CAGR in HVDC transmission market during forecast period

HVDC systems are ideal for feeding electricity into densely populated urban centers, where the density of required overhead wires could cause significant obstructions. Despite being more expensive, underground power lines utilization is increasing in urban areas. Nowadays, residential and commercial developments have underground utility infrastructure, often ordered by law for aesthetic reasons.

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HVDC transmission Market for VSC-based technology to grow at highest CAGR during 2018–2024

VSC technology converts AC voltage to DC voltage by using insulated gate bipolar transistors (IGBTs) and pulse width modulation (PWM), or through switching in and out of smaller DC capacitors. There are 2 types of voltage converters: voltage inverters and voltage rectifiers. The main function of a VSC-HVDC system is to transmit constant DC power from a rectifier to an inverter. The “switching off” capability means that VSC converters do not require a synchronous voltage for commutation. Thus, VSC converters are considered a controllable voltage source system for HVDC transmission.

APAC expected to account for largest market share during forecast period

The HVDC transmission market in APAC is presently witnessing an exponential growth in terms of power consumption. The development of power infrastructure in this region offers many growth opportunities for market players. China is investing heavily in renewable energy and implementing latest UHVDC technology for power transmission. For instance, 2 of the world’s most powerful and longest HVDC power transmission highways, each with a nominal rating of 3,000 MW, are currently being installed in China. These factors are projected to fuel the HVDC market in APAC in the coming years.

Key players in the HVDC transmission market include ABB (Switzerland), Siemens (Germany), General Electric (US), Hitachi (Japan), Mitsubishi Electric (Japan), Nexans (France), NKT A/S (Denmark), NR Electric (China), C-EPRI Electric Power Engineering (China), and Prysmian Group (Italy).