High Demand for Smart Washers in the Smart Appliances Market

 The smart appliances market is expected to grow from USD 33.8 billion in 2021 to USD 76.4 billion by 2026; it is expected to grow at a CAGR of 17.7% during the forecast period. The smart appliancesmarket has been witnessing significant growth over the past years, mainly owing to the rising demand for convenience, cost reduction energy consumption by the users, increase in internet penetration is also key factor for driving the demand for smart appliances market.

 

The services segment in the smart appliances market is expected to witness the highest CAGR growth during the forecast period. It consists of maintenance and repair services, system integration services, consulting services and others. These services offered are flexible since they can be tailored and optimized. Many OEMs offer direct services as per the contract. In addition, there are managed service providers and value added resellers (VARs) who have been partnering with different hardware manufacturers and software vendors and provide complete solutions under their own brand names. Continuous support and service ensure the smooth functioning of organizations, thereby driving the growth of the smart appliances market for services.

 

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Smart washers experience a huge demand from both the residential and commercial segments. They have the ability to shift their usage from peak to off-peak periods, thus saving energy and cost. Thus, the demand for smart washers is high in the smart appliances market. The market for smart washers in APAC is expected to grow at the highest CAGR during the forecast period. In 2020, North America held the largest share of the smart washers market.

 

Based on the end-user industry, the residential segment accounted for the largest size of the smart appliances market. The shift to remote working has increased the demand for smart appliances in user’s houses. Further, smart appliances companies are investing more in resources and providing the highest quality of services, which is indirectly helping boost the adoption of more smart appliances products. 

 

The smart appliances market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan, India, and South Korea are some of the key countries driving market growth in APAC. Samsung Electronics (South Korea) and LG Electronics (South Korea) are the key player operating in the smart appliances market.

Key players in the smart appliances market are grabbing opportunities by launching new products. Besides, product launches, partnerships, expansions, and acquisitions were a few of the other strategies adopted by companies in this market to strengthen their market position.

AI Infrastructure Market Size – Global Forecast to 2026

The AI Infrastructure Market is expected to grow from USD 23.7 billion in 2021 to USD 79.3 billion by 2026, at a CAGR of 27.3%. The market growth can be attributed to several factors, such as increased data traffic and need for high computing power, increasing adoption of cloud machine learning platform, increasingly large and complex dataset, rising focus on parallel computing in AI data centers, and growing number of cross-industry partnerships and collaborations.

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Hardware to account for the largest share of AI infrastructure market in 2021

The hardware segment is sub-segmented into a processor, memory, storage, and networking (switches, routers, and other equipment used to link servers in the cloud and connect edge devices). NVIDIA (US), Intel (US), Micron (US), Xilinx (US), Google (US), Samsung (South Korea), and Graphcore (UK) are a few of the companies that develop hardware needed for AI. The increasing need for hardware platforms with high computing power to run various AI software is a key factor fueling the growth of the AI infrastructure market.

Machine learning technology held the largest share of AI infrastructure market in 2020

Machine learning enables systems to learn without being explicitly programmed. This technology can reliably and quickly scan, parse, and react to anomalies. Machine learning enables systems to automatically improve their performance with experiences. Recently, AI and machine learning have been widely adopted to tackle the COVID-19 crisis. Several organizations are using machine learning to scale up customer communications, understand the spread of COVID-19, and help accelerate research and treatment processes.

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Asia Pacific to grow at the highest CAGR in AI infrastructure market

APAC is the host to a few of the fastest-growing and leading industrialized economies such as China, Japan, and India in the world. It is witnessing dynamic changes in the adoption of new technologies and advancements in organizations across industries. Increasing adoption of deep learning and NLP technologies for finance, agriculture, marketing, and law applications is also driving the market in this region.

Some of the key companies operating in the market are Intel Corporation (US), NVIDIA Corporation (US), IBM (US), Xilinx (US), Advanced Micro Devices (AMD) (US), Samsung Electronics (South Korea), Micron Technology (US), Google (US), Microsoft (US), Amazon Web Services (US) and so on.

Aerospace & Defense Sector Boosting the Growth of the Thermal Imaging Market

The global thermal imaging market is projected to grow from USD 3.6 billion in 2021 to USD 4.7 billion by 2026; it is expected to grow at a CAGR of 5.5% during the forecast period.

The key factors driving the growth of the global thermal imaging market include Increasing government expenditure on the aerospace & defense sector boosting the growth of the thermal imaging market, Increasing adoption of thermal imaging in the automotive industry, growing R&D investments by companies, governments, and capital firms for developing innovative thermal imaging solutions, and others.

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Based on product types, the thermal cameras segment held the largest share of the thermal imaging market in 2020 and is expected to continue this growth during the forecast period. Several reasons, such as an electronic image of high-quality precision produced in less time and the availability in different types (handheld, mounted, and standalone) and various micro-and nano-sizes, contribute to this dominance.

Based on applications, the security and surveillance segment held the largest share of the thermal imaging market during the forecast period. Rapid urbanization increases the demand for advanced thermal imaging solutions for security and surveillance applications. The rising conflicts and terrorist activities among countries also increase the demand for well-equipped systems to monitor the country's borders from the illegal intrusion of enemies and protect the country from them.

Based on verticals, the aerospace & defense vertical generates the highest demand for thermal cameras, scopes, and modules, for security and surveillance applications, especially for people and motion sensing, perimeter security, and tracking objects, humans, or animals. The aforementioned components can operate in undesirable climatic conditions such as smoke, fog, smog, and haze. They are apt devices for security and surveillance and monitoring and inspection applications across day and night. These features and benefits have enabled the aerospace & defense industry to account for the largest market share in 2020 and to expect consistency during the forecast period.

Among all regions, North America accounted for the largest share of the thermal imaging market and is expected to continue this growth during the forecast period. The region is home to the major producers of thermal imaging components, such as thermal cameras, scopes, and modules. The US is the major contributor to this region and accounts for ~89% of the total thermal imaging market share in North America. The growth of the thermal imaging market in this region is attributed to the presence of numerous manufacturers and distributors, the low cost of thermal imaging components, and the increasing government expenditure in the aerospace & defense sector.

Consumer Electronics Industry to Hold the Largest Size of EMI Shielding Market

The EMI Shielding Market size is projected to grow from USD 6.2 billion in 2021 to reach USD 7.7 billion by 2026; it is expected to grow at a CAGR of 4.4% from 2021 to 2026. The key factors fueling the growth of this market include surging demand for consumer electronics, increasing electromagnetic pollutions, and ongoing field trials and pilot tests evincing the viability of 5G technology.

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EMI shielding market for radiation accounted for the larger size of the market in 2020.

By method, the radiation segment dominated the EMI shielding market in 2020. Most electrical and electronic devices radiate electromagnetic signals. Increasing adoption of consumer electronics leads to a significant increase in electromagnetic pollution due to radiation. Hence, all these signals must be kept within tight limits to reduce the level of interference and avoid any damage to the electrical circuitry of a device and degradation in performance.

Consumer electronics industry is expected to hold the largest size of the EMI shielding market in 2021.

The consumer electronics industry is expected to hold the largest share of the market in 2021. The proliferation of consumer electronic devices, the availability of advanced products, such as wearable devices, and the need to comply with EMI shielding guidelines are expected to be the major factors contributing to the growth of the EMI shielding market in the consumer electronics industry segment.

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APAC is projected to be the largest market for EMI shielding from 2021 to 2026.

APAC is expected to account for the largest share of the global EMI shielding market during the forecast period. In the near future, the presence of huge facilities producing automobiles and consumer electronics will play a key role in the development of the EMI shielding market in the region. The growth of the EMI shielding market in the region is attributed to the increasing use of electronic systems and equipment in automobiles and the rising focus on the deployment of 5G infrastructure.

PPG Industries (US), Parker-Hannifin (US), 3M (US), Henkel (Germany), Laird Performance Materials (UK), RTP Company (US), Schaffner (Switzerland), Tech-Etch (US), and Leader Tech (US) are some of the major players in EMI shielding market.

Witnessed High Demand for Semiconductor Manufacturing Equipment Market in Past Years

Global semiconductormanufacturing equipment market is estimated to be USD 62.4 billion in 2020 and projected to reach USD 95.9 billion by 2025; at a CAGR of 9.0%. Key factors fueling the growth of this market include the increasing investments in R&D facilities due to COVID-19 impact, increasing demand for electric and hybrid vehicles, the growing consumer electronics market and increasing number of foundries due to COVID-19, trend of miniaturization and technology migration, and high demand for chips to provide computation power and connectivity for AI applications.

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Assembly and Packaging is expected to witness the second largest market growth during the forecast period

Assembly and Packaging is expected to have the second largest market growth during the forecast period, by back-end equipment type. Assembly and packaging equipment help in designing the devices and making them robust and durable to ensure long life and highest productivity. By using the assembly equipment, the chips are attached to the circuit board through gold wiring. Assembly and packaging equipment enable the chip to reduce electrical interference, dissipate heat from the device, and provide protection to electronic systems and conductors. Major foundries such as GlobalFoundries (US) and Intel Corporation (US) are trying to penetrate in the APAC region to satisfy the rising demand for electronics. These activities in the region have increased the assembly and packaging equipment market share of APAC.

IDM firms to account for largest market share of semiconductor manufacturing equipment in 2019

IDM firms are expected to be the largest and fastest growing market by value during the forecast period. IDM companies are investing heavily in R&D activities to develop technologically advanced, energy-efficient, and miniaturized products, such as RFID circuits, smart ICs, ultra-low-power microcontrollers, sensors, for consumer electronics, automotive, and industrial applications. For instance, in 2018, Texas Instruments and Samsung invested USD 1.6 billion and USD 16.8 billion, respectively, in research and development of technologically advanced and miniaturized products. Also, the IDM firms is expected to remain dominant in future due to the growing number of semiconductor fabrication plants operated by IDMs across the world.

2D ICs segment is expected to witness largest market share in 2020

The 2D ICs segment is expected to register largest market share in 2020, by dimension. The primary reason for the high market share of 2D IC is its low initial cost as compared to 2.5D and 3D. The second largest market share is expected to be captured by 2.5D ICs which offers better miniaturization to address different challenges such as dense and complex designs, need for low power consumption, and the requirement of increased functionalities.

Asia Pacific is the leading semiconductor manufacturing equipment market, globally, by market share, in 2019

The development of semiconductor devices in Asian economies such as China, Japan, South Korea, and Taiwan drives the semiconductor manufacturing equipment market in the region. APAC is the hub for the consumer electronics market, which is served by several fabrication plants present in the APAC region. China, Japan, South Korea, and Taiwan own the maximum number of fabrication plants worldwide. Favorable economic conditions and cheap labor costs in APAC are the key driving factors for the significant share in this market. The region is one of the largest markets for electric and autonomous vehicles globally and has also witnessed high demand for consumer electronics in past years. This has spurred the growth of semiconductors products and in turn, drives the market for semiconductor manufacturing equipment.

Key Market Players

The semiconductor manufacturing equipment market is dominated by a few globally established players such as Tokyo Electron (Japan), LAM Research (US), ASML (Netherlands), Applied Materials (US), and KLA-Tencor (US).

Growing Demand for Automated Optical Inspection Market in Automotive Sector

The automated optical inspection market was valued at USD 598 million in 2020 and is projected to reach USD 1,660 million by 2026. It is expected to grow at a CAGR of 20.8% during the forecast period. Advantages of AOI over other inspection methods, upsurge in the demand for consumer electronics amidst pandemic, rising need for miniature, high-speed PCBs, demand for higher productivity by electronics manufacturing services (EMS) companies, and growing demand for electronics in automotive sector are contributing to the growth of the automated optical inspection market. Advent of SMART technology, newer applications of AOI systems apart from PCB inspection, and growing demand for AOI systems for inspection of IC substrates act as a growth opportunity for the market players.

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Automated optical inspection (AOI) is an automated visual inspection methodology used primarily to test for defects in printed circuit boards (PCBs). These systems are used to test and evaluate PCBs for potential detection of defects such as soldering defects, component defects, ball grid array (BGA), surface defects, dimensional defects, component placement defects, and chip-scale packaging (CSP) defects. With the advent of miniature electronics and advancements in PCBs, the circuits become more complex, which makes it almost impossible to manually inspect the boards, and thus, AOI plays an important role in checking these boards. It helps attain the desired product quality in the production line by keeping the cost as low as possible. The system is superior and less time-consuming than manual inspection.

The AOI market has historically been subjected to significant growth due to the rise in demand for AOI systems in consumer electronics, automotive, and industrial electronics sectors. However, the outbreak and spread of the COVID-19 pandemic have resulted in a decline in this growth rate.

Based on the type, 3D AOI systems to account a larger share during 2021–2026

The 3D AOI system market is expected to be dominant and faster during the forecast period. Large-scale manufacturing units primarily make use of 3D AOI systems. 3D AOI systems have high operational costs and use complex programming codes for functioning but are more efficient and sensitive at detecting defects and faults than 2D AOI systems. 3D AOI systems can detect faults in PCB substrates as well as in the ball grid array (BGA), which makes them superior to 2D AOI systems. Further, the ability to quickly inspect defects in tall components, significant reduction in false call rates, and ability to provide volumetric data of components under inspection make 3D AOI systems an ideal choice for electronic manufacturing service (EMS) providers in the coming years.

Inline AOI systems to grow at a higher CAGR during the forecast period

The inline AOI system is expected to be a larger and faster-growing market during the forecast period. Inline AOI systems offer a higher rate of PCB inspection, which is ideal for electronics manufacturing companies involved in high-volume production. Hence, most large manufacturing companies install multiple inline AOI systems in their production lines to speed up the inspection process. Several key manufacturers are making innovations and developments in inline AOI systems. For instance, in March 2021, Viscom developed the new Heavy Flex handling solution. The Heavy Flex handling options are available for Viscom's S3016 ultra AOI system for optical inline 3D inspection. Also, in June 2020, GOEPEL launched two new AOI systems. The 3D XE series of AOI platforms is characterized by low acquisition costs whilst still delivering full 3D inspection functionality. The series consists of the standalone system Basic Line · 3D XE and the inline system Advanced Line · 3D XE.

Consumer Electronics industry accounted for the largest share of the automated optical inspection market during the forecast period

The consumer electronics segment is expected to hold the largest share of the AOI system market during the forecast period. The miniaturization of electronic gadgets has further increased the complexity of internal circuits and components. To efficiently inspect complex PCBs of small and compact consumer electronic devices, manufacturers are increasingly using advanced AOI systems to offer high-quality products to customers. The trend of having one device with multiple functionalities has made modern-day electronic devices such as smartphones, laptops, and wearables more complex in architecture. The increased complexity of these devices requires highly advanced AOI systems for inspection. Further, with the rise in the adoption of 3D inspection technology, AOI systems are going to play a vital role in maintaining the high-quality standards of these complex consumer electronic devices.

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APAC to account for the largest market share during the forecast period

APAC is the leading region for global PCB production, with countries such as China, Taiwan, Japan, and South Korea at the forefront. The increase in high-volume manufacturing of PCBs creates a demand for AOI systems with faster inspection speed. The APAC electronics industry has become a world-class innovation-driven hub for production as a result of low-priced skilled labor, business-friendly environment, low production cost, and growing demand for electronic products in the region. The growth in the electronics industry has enabled the APAC AOI market to grow at a significant rate.

Key Market Players

Koh Young (South Korea), Test Research, Inc. (TRI) (Taiwan), Omron (Japan), Camtek (Israel), Viscom (Germany), Saki Corporation (Japan), Nordson (US), KLA (US), Cyberoptics (US), and Goepel Electronics (Germany) are among the major players in the automated optical inspection market.

Significant Growth Opportunities for the Fiber Optics Collimating Lens Market

The global fiber optic collimating lens market is estimated to be valued at USD 554 million in 2021 and is expected to reach USD 1,018 million by 2026; it is anticipated to grow at a CAGR of 13.3% during the forecast period.

The advantages of collimation of light in various applications and benefits of using aspheric lenses over traditional spherical lenses in optical systems are the major factors driving the growth of the market. The growing demand for fiber optic collimating lenses in various applications is expected to create significant growth opportunities for the market players during the forecast period.

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Organizations requiring high volumes of data flow for efficient operations need reliability and enhanced security, which can be provided by fiber networks. Fiber cables are resistant to electromagnetic interference (EMI), fluctuations in temperature, water damage, weather conditions, etc. Thus, these cables can survive harsh conditions and improve the speed and reliability of connectivity. These cables can also provide faster access to the data stored in the cloud for future needs and have less attenuation to ensure consistency in signals.

According to MarketsandMarkets, almost 5 billion people — 59% of the global population — were active internet users in 2020. According to Internet Live Stats, there were over 1.5 billion websites in 2020. This number would increase every day, and subsequently, the dependence on the Internet will increase. This would further increase the need for reliable and secure networks provided by fiber optics. As such, the growing deployment of fiber-optic networks is likely to boost the demand for collimating lenses.

The single mode segment is likely to continue holding a larger size of the fiber-optic collimator lens market due to the high-speed data rates and low attenuation and external interference observed in this mode. The multimode segment is expected to register a higher CAGR from 2021 to 2026, owing to the rising demand for increased bandwidth for cloud computing applications.

The fiber optic collimating lens market in APAC has been segmented into China, Japan, India, South Korea, and the Rest of APAC. APAC is the leading market for fiber-optic collimating lenses for medical and LIDAR applications, with the major demand driven by countries such as China and India. APAC is expected to provide ample opportunities to the fiber-optic collimating lens market growth during the forecast period, as all major OEMs of the manufacturing sector have established their production units in this region.

Silicon on Insulator Market Size – Global Forecast to 2026

The global Silicon on Insulator market is projected to reach USD 2.3 billion by 2026 from an estimated USD 1.1 billion in 2021, at a CAGR of 17.2% from 2021 to 2026. The rising demand for 5G in mobile communications and the increasing adoption of AI and ML in consumer electronics are the major driving factors for the growth of the SOI market.

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The 300 mm segment held the major share of the SOI market, in 2021.

In 2021, the 300 mm segment is expected to hold a larger share of the SOI market than the 200 mm and less than 200 mm, and a similar trend is expected to be observed during the forecast period. The 300 mm segment is also expected to record a higher CAGR during the forecast period. The growth of the market for the 300 mm segment can be attributed to the increasing global demand for smartphones, consumer electronics, automobiles, and IoT devices as 300 mm wafers are mainly used in these applications. Moreover, the rising demand for 300 mm SOI wafers is also driven by their use in emerging applications such as image sensors, and the requirement for high data transmission speed in data centers. Companies are also focusing on investments to increase the production capacity for 300 mm SOI wafers.

The market for FD-SOI segment is expected to grow at the highest CAGR during the forecast period

The FD-SOI wafers segment is anticipated to record the highest CAGR during the forecast period. The high growth of FD-SOI wafers is attributed to the adoption of FD-SOI wafers owing to their high flexibility, easy implementation, low cost, less complexity, and reduced leakage currents, as well as their ability to optimize power/performance tradeoffs. Several FD-SOI wafer manufacturers are focusing on new product launches and collaborations with other players in the SOI market to strengthen their product portfolio and to cater to the increasing demand for FD-SOI wafers.

The smart cut segment held the major share of the SOI market, in 2020.

In 2020, the smart cut technology segment held the largest share of the SOI market, and a similar trend is likely to be observed during the forecast period. The growth of smart cut technology is attributed to its adoption in a large industrial platform including major SOI wafer manufacturing companies across the world. Smart cut is the proprietary technology of Soitec. The company licenses this technology to major SOI manufacturers such as Globalwafers Co., Ltd., Shin-Etsu Chemical Co. Ltd., and SUMCO Corporation. Moreover, the rising demand for smart cut technology in the manufacturing of SOI wafers of size 200 mm and less than 200 mm, and 300 mm is also driving the growth of this segment. Smart cut technology enables on-wafer thickness uniformity of ± 1 nm with overall distribution, on all wafers.

The RF FEM products segment held the major share of the SOI market, in 2020.

In 2020, the RF FEM products segment held the largest share of the SOI market. The growth of the RF FEM products segment can be attributed to the rising demand for front-end modules in 5G technology, as well as consumer electronic devices such as smartphones, laptops, and tablets. RF FEM is one of the most critical designs in 4G LTE-A and 5G smartphones and base stations. Acting as an interface between the antenna and RF transceiver, the FEM integrates the RF components required for analog performance, such as multiple RF switches (used in both Tx and Rx paths), low-noise amplifiers (LNAs), power amplifiers (PAs), and antenna tuners. The rising demand for RF silicon content in the latest smartphones due to the increasing use of multiple antenna elements in 5G technology is also driving the growth of the market for the RF FEM product segment. Companies are focusing on leveraging this demand by developing an RF-SOI product portfolio.

The automotive application segment of the SOI market is projected to grow at the highest CAGR from 2021 to 2026

The SOI market for automotive applications is projected to grow at the highest CAGR during the forecast period. This growth of the automotive application is attributed to the initiatives taken by the leading players in the SOI ecosystem such as Soitec to deploy FD-SOI and power-SOI wafer-based chips in autonomous vehicles, infotainment systems, and advanced driver-assistance systems (ADAS). Moreover, leading automotive manufacturers such as BMW, Ford, DaimlerChrysler, General Motors, and Volkswagen, etc., are leveraging the numerous advantages of SOI-based chips across multiple applications and automotive networking protocols. Hence, these factors are expected to create lucrative opportunities for the players in the SOI ecosystem in near future.

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APAC to record the highest CAGR of the SOI market from 2021 to 2026

The SOI market in APAC is expected to record the highest CAGR during the forecast period. The growth of the market in APAC can be attributed to the rising demand for consumer electronics such as smartphones, tablets, laptops, and smart wearables. Moreover, the increased investments and expansions of several semiconductor foundry players and wafer manufacturers in this region are also fueling the growth of the SOI market in APAC. Additionally, a few of the major drivers for the growth of the SOI market in APAC include the prominence of the semiconductors industry in the region. The presence of key chip manufacturers and foundry players in APAC is expected to lead to increased demand for SOI wafers in the region, thereby contributing to the growth of the SOI market in APAC. Additionally, the high demand for consumer electronic devices in the region is also expected to contribute to the growth of the market in the region.

Key Market Players

Soitec (France); Shin-Etsu Chemical Co., Ltd. (Japan); GlobalWafers Co., Ltd. (Taiwan); SUMCO Corporation (Japan); Shanghai Simgui Technology Co., Ltd. (China); GLOBALFOUNDRIES (US); STMicroelectronics N.V. (Switzerland); Tower Semiconductor Ltd. (Israel); NXP Semiconductors N.V. (Netherlands); Murata Manufacturing Co., Ltd. (Japan); are some of the key players in the SOI market.

Environmental Sensor Market in Asia Pacific is Expected to Grow at the Highest Rate

According to the new market research report "Environmental Sensor Market with Covid-19 Impact Analysis by Type (Temperature, Humidity, Air Quality, Water Quality, Integrated, UV, Soil Moisture), Location (Indoor, Outdoor, Portable), Application, Vertical, Region - Global Forecast to 2027", published by MarketsandMarkets™, the Environmental Sensor Market size is expected to grow from USD 1.4 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%. Increasing health related concerns due to environmental pollution is the primary factor driving the market growth. Moreover, growing adoption of environmental sensors in consumer electronics and government and public utility verticals will drive the demand for this technology in the near future and is expected to play a vital role in the growth of the environmental sensor market.

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The market has declined in 2020, mainly due to the impact of COVID-19. The supply chain was disrupted in 2020 due to the lockdown imposed by various governments and labour shortages in these industries due to travel restrictions that affected the environmental sensor market. Though the market was impacted in 2020, it is expected to fully recover by 2021.

Air quality is estimated as the fastest-growing type in the said market during the forecast period

The environmental sensor market for air quality sensors is expected to grow at the highest CAGR during the forecast period. The growth in use of air quality monitoring systems is mainly attributed to rising awareness about indoor and outdoor air pollution levels and taking considerable measures for their control and minimization. Increasing awareness about air pollution among the residential and commercial applications has resulted in the rising adoption of portable air quality monitors and air quality filters. Furthermore, implementation of various government projects such as installation of weather monitoring stations for the purpose of smart city applications is one of the driving factors for market growth.

Consumer electronics and residential vertical are estimated to be the fastest-growing market during the forecast period

The environmental sensor market for Consumer electronics and residential vertical are expected to be the fastest-growing markets during the forecast period. The increasing demand for air quality monitors and filters, temperature sensors, humidity sensors and others in consumer electronics and residential verticals is one of the major driving factors for the environmental sensor market. The growth in the consumer electronics vertical is attributed to the increasing use of environmental sensors in smartphones, tablets, and wearable devices and rise in wireless technologies. Growing concerns over the impact of air pollution and technological advancements, which have resulted in the availability of smart sensors or air quality monitors at low cost is one of the major driving factors for the growth of the market in residential applications

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Asia Pacific is expected to grow at the highest rate

The market in APAC is expected to grow at the highest rate during 2021–2027. The global market players are experiencing increased demand for environmental sensors from countries such as China, Japan, India and South Korea. High investments in environmental sensors by governments in countries such as China and India are also driving the growth of the said market in APAC. Furthermore, growing urbanization, rising disposable income, replacement needs, strict energy regulations, and technological innovations also help to drive the HVAC market, this further creates demand for environmental sensors in APAC.

Major players in the environmental sensor market include Bosch Sensortec (Germany), Sensirion  (Switzerland), ams AG ( Austria), OMRON (Japan), Honeywell (US), Raritan (US), Siemens (Germany), Texas Instruments (US), Schneider Electric (France), Amphenol (US) among others.

Warehouse Management System Market Valued $6.1 billion by 2026, at a CAGR of 16.7%

According to the new research report "Warehouse Management System Market with COVID-19 Impact Analysis by Offering (Software, Services), Deployment (On Premises, Cloud), Tier Type (Advanced, Intermediate, Basic), Industry, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Warehouse Management System (WMS) market size is expected to grow from USD 2.8 billion in 2021 to USD 6.1 billion by 2026, at a CAGR of 16.7%. Emerging economies are mainly contributing to the growth of the industry. New manufacturing units are now being set up in developing nations due to the ease of business norms and policies and cheap labor availability. Rising investments in these countries by global multinationals are also a key contributor to the growth of the WMS market.

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Software segment to hold the largest share of the warehouse management market in 2021

The software segment is expected to hold a larger market share from 2021 to 2026. Increasing awareness about WMS software among small and mid-sized enterprises (SMEs), the globalization of supply chain networks, and the growing share of cloud-based WMS software solutions are the key factors boosting the demand for WMS software. Further, the rising demand for highly sophisticated warehousing and logistics infrastructure is expected to drive the growth of the WMS market for software. For instance, in May 2020, Manhattan Associates announced a new Manhattan Active warehouse management solution, a cloud-based enterprise-level warehouse management system that combines every aspect of distribution and never needs upgrading. The Manhattan Active WMS is sold in multi-year cloud subscription options and can be operated through a mobile phone, tablet, or desktop. Companies innovating offerings and functionalities are enhancing user experience and improving operational efficiency, which is leading the growth of the WMS software market.

3PL industry to hold the largest share of the warehouse management system market during the forecast period

The 3PL industry is one of the primary drivers of the WMS market. Factors such as the growing need for efficient order management, increased outsourcing of logistics and transportation operations, and the globalization of supply chain networks has fueled the adoption of warehouse management systems in the 3PL industry. The trend of industrial automation has initiated most organizations to focus on the adoption of warehouse automation systems to achieve high operational efficiency and functional capabilities. The leading warehouse management system providers are focusing on the delivery of industry-specific customization in WMS that provides an end-to-end solution, allowing organizations to coordinate their procedures and inventory across their network.

The WMS market for the e-commerce industry is expected to grow at the highest CAGR from 2021 to 2026. Short delivery times, accurate order processing, advanced shipment tracking, and the increasing number of online shoppers are a few of the key factors boosting the adoption of warehouse management systems in this industry.

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The warehouse management system market in APAC is expected to grow at the highest CAGR from 2021 to 2026

APAC is the fastest-growing market for warehouse management systems. The growth of the market in this region can be attributed to the tremendous growth of the e-commerce and manufacturing industries in emerging economies such as China, India, and Indonesia. China is a key contributor to the growth of the WMS market in APAC owing to its huge industrial and manufacturing sector. India is one of the fastest-growing markets for WMS in APAC.

Major companies operating in this warehouse management system market include Manhattan Associates, Inc. (US), Blue Yonder Group, Inc. (US), HighJump (Körber) (US), Oracle Corporation (US), IBM (US), and SAP (Germany).

Automotive Industry Accounted for the Largest Share of the Robot End Effector Market throughout 2021-2026

The robot end effector market is projected to grow from USD 1.9 billion in 2021 to USD 4.4 billion by 2026; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.8% from 2021 to 2026. 

The market has a promising growth potential due to several driving factors including, growing demand of modular end effectors owing to their cost effectiveness associated with redesigning; adoption of collaborative robots in heavy and non-heavy industries due to strong promotion of industry automation principles such as Industry 4.0; and initiatives by governments and public-private companies to mitigate COVID-19 impact.

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Traditional industrial robots estimated to hold the larger share of the robot end effector market in 2021

The traditional industrial robot type is expected to hold the largest share of the market, both in terms of value and volume, in 2021 as they are utilized throughout all the major industries to carry high payloads and are programmed to perform a single task continuously. This dominance can be attributed to high rate of adoption of traditional industrial robots for heavy duty applications in the industries such as automotive; electrical and electronics; and metals and machinery. They are well suited for high-volume production and have been fundamental in scaling up productivity in these industries. Heavy-duty industries such as automotive and metals & machinery are expected to flourish further in APAC, owing to which end effector market for traditional industrial robots in APAC is projected to grow at the highest CAGR during the forecast period.

Automotive industry is estimated to account for the largest share of the robot end effector market throughout the forecast period

Due to traditional heavy-duty robot end effectors having a large-scale deployment in the automotive industry for decades, the industry accounted for the largest market size of the robot end effector market in 2021. Various applications are carried out in the automotive industry, such as welding, handling, and assembly, and the welding application which flourish the robot end effector market for industry. The market in the automotive industry expected to register the largest shipment in 2021 and is projected to continue so for the projected time period; it is expected to grow at a significant CAGR during the forecast period. The massive volume of production and assembly of multiple types of automotive components are the primary reasons for the automotive industry registering the highest number of robot end effector shipments. Moreover, automotive companies are keen toward replacing their traditional robots with cobots in order to reduce the time spent on operations, thereby opening new opportunities for HRC (human robot collaboration) end effector manufacturers.  Hence, the automotive industry is expected to hold the largest share of robot end effector market in 2021, in terms of value as well as volume.

Handling applications, such as gripping and palletizing, are projected to account for the largest share in terms of value during the forecast period

The handling application to hold the largest share of the robot end effector market in 2021, in terms of value. The market for handling application is expected to grow at a significant rate and occupy ~49% of the shares, in terms of value by 2021. As the trend of miniaturization of electronic components is expected to penetrate further during the next 5 years, compact grippers and vacuum cups would prove to be more suitable for this application. Further research & developments in compact grippers, smart grippers, bionic grippers, 3D printed end effectors and vacuum cups are expected to drive the market for handling application. The major opportunity is the positive growth in demand for end effectors in the pharmaceuticals industry amid COVID-19. The rapid development of vaccines required increased automation with higher demand for robots and end effectors. Hence, this is expected to increase the scope for investment in end effectors for handling application for the existing companies as well as new entrants.

APAC to account for the largest share in the robot end effector market in 2021

APAC is expected to adopt robot end effectors at a faster rate driven by government initiatives for foreign direct investments (FDIs) and hold the largest market share for the robot end effectors, both in terms of value and volume for the forecast period. Increasing investment in automation by automotive, and electrical & electronics companies, especially in countries such as China, South Korea, and India, is expected to be the key driver for the market in APAC. The electrical and electronics industry is the most important driver for robot end effectors, owing to the rising demand for electronic products around the world. China is expected to recover from the manufacturing slowdown due to COVID-19 in the coming years, and other countries such as Taiwan and Thailand push for further automation. Increasing labor costs are forcing manufacturers to automate to maintain their cost advantage. Moreover, automotive manufacturers in China predominantly operate through joint ventures. After years of consistent growth, the market is slowly maturing, with certain segments such as luxury vehicles continuing to grow. Also, the increasing adoption of collaborative robots in industries such as wood and furniture and automotive is another key trend, which has fueled the demand for robot end effectors in the region. Therefore, with the increasing demand for collaborative robots, strong growth for collaborative end effectors is expected in APAC. Hence, APAC region is expected to become a focal point for research and developments in robot end effector market and applications.

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Key Market Players

Major vendors in the robot end effector market Zimmer Group (Germany), Schunk (Germany), Schmalz (Germany), Destaco (US), and Festo (Germany), Piab AB (Sweden) Tünkers (Germany), Robotiq (Canada), FIPA (Germany), Wiess Robotics (Germany), ATI (US), Bastian Solutions (US), IPR (Germany), ABB (Switzerland), KUKA (Germany), SMC (Japan), Applied Robotics (Denmark), IAI (Japan), JH Robotics (US), EMI (US), Millibar Robotics (US), RAD (US), Soft Robotics (US), OnRobot (Denmark), and Wyzo (Switzerland). Apart from these, Seed Robotics (Portugal), Reliabotics (Canada), SAKE Robotics (US), and Innovent Technologies (US) are among a few emerging companies in the robot end effector market.