Applications of Machine Safety Equipment in the Major industries

 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 safety mandates and high requirements for reliable safety systems to ensure personnel and asset protection. However, the high investment required for installing machine safety systems and lack of awareness and complexity of standards are the key factors restraining the machine safety market growth. The key challenges faced by machine safety manufacturers include the high complexity of safety applications and lack of machine safety certified workforce.

The market for programmable safety systems is expected to grow at the highest CAGR during the forecast period as manufacturers are replacing their existing systems to comply with strict machine safety regulatory standards. Programmable safety systems such as safety PLCs are an integral part of safety instrumented systems. Safety PLCs need to be certified with IEC 61508—the machine safety standard for electrical/electronic/programmable electronic safety-related systems. Moreover, the prominent players in the industryhave been affected owing to the outbreak of COVID-19.  The foreseeable decline in the growth of end-user industries may have a considerable direct impact on the machine safetymarket in 2020.

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The robotics segment, by application, is expected to continue to hold the largest share of the machine safety market during the forecasted period. With technological advancements in the robotics industry, new collaborative robots are being introduced; due to this, safety regulations for robotics are being rewritten with new specifications.

The market for food & beverages is expected to grow at the highest CAGR during the forecast period. In food processing plants, several dangerous machines are used for which plant managers should follow safety regulations to avoid penalties. Nowadays, food & beverages manufacturers rely more on automated controls for production. Machine safety systems, such as safety PLCs, safety light curtains, and laser scanners, are used in manufacturing units for visual inspection of processes and for safeguarding workers from harming themselves while handling processes. These safety components are used on a large scale in the packaging segment of the food & beverages industry. Financial losses faced by US manufacturers due to COVID-19, will affect the production capacity and foreign trade operations in 2020. Thus, the economic slowdown is expected to impact the market for machine safety in 2020.

The machine safety market in APAC is expected to grow at the highest CAGR during the forecast period, owing to the increasing number of oil & gas refineries, and significant growth in the chemicals industry is expected to lead the demand for machine safety in the next 5 years. The growing competition in the global market is forcing companies in the energy & power industry in this region to adopt innovative cost reduction techniques and solutions, along with increasing safety. However, lockdowns are being observed across countries, which has halted most economic activities. With many region- and country-level economic packages infusing money into the market to boost the economy to come out of recession brought on by COVID-19, recovery from world economic depression is expected between 2021 and 2022.

Growth of the 5G Fixed Wireless Access Market in the Next Five Years

The 5G fixed wireless access market was valued at USD 503 million in 2020 and is projected to reach USD 86,669 million by 2026; it is expected to grow at a CAGR of 135.9% from 2020 to 2026. Increasing the adoption of advanced technologies such as machine-to-machine (M2M) and Internet of Things (IoT) and rising use of millimeter-wave technology for 5G fixed wireless access is expected to drive the growth of the 5G fixed wireless access market. However, the high costs of infrastructures and the adverse impact of millimeter-wave technology on the environment act as restraints for the growth of the 5G fixed wireless access market.

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Sub–6 GHz segment held the largest share of 5G fixed wireless access market

The sub–6 GHz frequency segment is projected to account the largest share in the 5G fixed wireless access market, in terms of volume, in 2026. The key difference between sub–6 GHz and mmWave bands is the difference in them in terms of coverage and indoor penetration. mmWave bands have a small coverage footprint owing to their RF properties. The frequencies in this band are unable to penetrate solid objects such as walls. mmWave requires more sites than sub–6 GHz to provide similar coverage. For instance, based on the simulations run by Kumu Networks, it is estimated that the 26 GHz spectrum requires 7 to 8 times more sites than the 3.5 GHz spectrum. The 5G deployment strategy of operators is to use sub–6 GHz to provide expansive city and country-wide coverage and utilize the dense deployment of mmWave in high-traffic dense urban and urban areas, as well as suburban pockets to provide increased broadband capacity. The mmWave clusters provide higher capacity magnitudes than sub–6 GHz clusters owing to the broadband density and a large spectrum available. Additionally, such dense deployments are easy with mmWave owing to their small coverage footprint. Therefore, most telecommunication operators and 5G fixed wireless access equipment manufacturers are commercially launching products that support the sub–6 GHz frequency range.

Semi-urban areas to continue to lead 5G fixed wireless access market during forecast period 

In terms of value, the semi-urban segment is projected to account largest share in the 5G fixed wireless access market in 2026. The growth of this segment can be attributed to the fact that in semi-urban areas, the density of the population is sparse. Hence, these areas require significantly high investments to connect subscribers with a network through wireline infrastructures. With high-power transmissions/receptions and advanced antenna technologies, wireless links can effectively reach rural areas without any major construction required as only base stations and customer premises equipment require to be installed. In several situations, operators are required to provide temporary coverage in some areas wherein there is little or no demand for Internet connectivity; for instance, skiing resorts during winters. Fixed wireless access is a flexible, quick, and cost-effective solution to cater to the rural/temporary Internet requirements.

The 5G fixed wireless access market is dominated by a few globally established players such as Huawei (China), Ericsson (Sweden), Nokia Corporation (Finland), Samsung Electronics (South Korea), Inseego (US), Siklu Communication, Ltd. (Israel), Mimosa Networks, Inc. (US), Vodafone (UK), Verizon Communications Inc. (US) and CableFree (UK).

Micro Server IC Market worth $2.2 billion by 2026 | at a CAGR of 12.6% from 2021 to 2026

According to the new market research report "Micro Server IC Market with COVID-19 Impact by offering (Hardware, Software), Processor type (X86, ARM) Application (Web Hosting and Enterprise Applications, Analytics and Cloud Computing, Edge Computing), End-User (Enterpises and Data Center) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the market is estimated to be USD 1.2 billion in 2021 and is projected to reach USD 2.2 billion by 2026; it is expected to grow at a CAGR of 12.6% from 2021 to 2026. Low power consumption and low space utilization of micro servers, growth in the trend of cloud computing and web hosting, and emergence of hyperscale data center architecture are the major factors driving the growth of the micro server IC market. Increasing need for new data centers across emerging regions and rising importance of edge computing and micro data centers are projected to create lucrative opportunities for the players operating in the micro server IC market during the forecast period.

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The micro server IC market  includes players like Intel Corporation (US), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), Quanta Computer Inc. (Taiwan), and NVIDIA Corporation (US). These players have strong market presence for leak detection solutions across various countries in North America, Europe, APAC, and RoW.

 

Growth in trend of cloud computing and web hosting to boost the market for micro server IC

The increasing demand for cloud and web-based services is driving the server market to deliver huge amounts of content for users across the world. These services related to web hosting or web browsing over the internet do not require high computation capability, which creates the need for low-processing power machines, thus driving the market for micro servers. Web hosting companies are prime candidates for micro server use for carrying out lightweight computing tasks. According to Hewlett Packard Enterprise, the increasing concern for data security is prompting organizations to have their own data centers; therefore, companies are taking an interest in micro servers. In addition, organizations are shifting toward cloud-related services to reduce their infrastructure and maintenance costs. Thus, with organizations increasingly opting to host applications and content over the cloud, the demand for low power consuming and highly scalable servers is growing, which is driving the micro server IC market.

Hardware segment is expected to lead the market during the forecast period

Hardware constitutes the main part of a micro server. The micro server hardware consists of many components, including a processor, network interface cards (NICs), peripheral component interconnect express (PCIe), graphics processing units (GPUs), memory, storage, and I/O controller. Players such as Intel and ARM are focusing on improving the capability of ICs by integrating more components into SoCs, such as memory, processor, and storage. The pressure to support billions of devices and users is changing the composition of data centers. Vendors are focusing on innovating new technologies for providing compact hardware solutions that OEMs require to build micro servers. SoC providers are focusing on creating new technologies such as integrated Gigabit Ethernet and new controllers to reduce the power consumption of the micro servers running on them.

Web hosting and enterprise applications to hold the largest market size of micro server IC market during the forecast period

Web hosting is a type of SaaS hosting solution that allows applications to be available from remote cloud infrastructure and to be accessed by users globally through the internet. Micro servers are ideal for web hosting, video streaming, downloads, social networking, and handling corporate logins, among other things.  Micro servers are also used widely across enterprise applications as they are easy to configure, offer the reliability of a more robust server, and are powerful enough to handle many small business tasks.

Browse in-depth TOC on "Micro Server IC Market"

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Micro server IC market  in APAC to grow at the highest CAGR during the forecast period

APAC is expected to be the fastest-growing region for the micro server IC market due to major driving factors such as increasing demand for hyperscale data centers, increased media consumption and storage, rising number of internet users, and emerging technologies such as cloud computing and edge computing. APAC poses a great potential for the micro server industry due to the high growth of internet datacenters in this region. The 2 countries that stand out in this region are Japan and China. Global giants such as Facebook, Amazon, Alibaba, and Baidu have already established their data centers in this region and are planning to expand their dominance in other regions.

Intel Corporation (US), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), Quanta Computer Inc. (Taiwan), NVIDIA Corporation (US), Ambedded Technology Co., Ltd. (Taiwan), Dell Inc. (US), Fujitsu (Japan), Marvell (US), Super Micro Computer Inc. (US), Ampere Computing LLC. (US), Bamboo (UK), christmann informationstechnik + medien GmbH & Co. KG (Germany), HIRO micro data centers (Netherlands), Huawei Technologies Co. Ltd. (China), IBM (US), Lattice Semiconductor (US), NXP Semiconductors (Netherlands), SiPearl (France), and STMicroelectronics (Switzerland) are some of the key players in the micro server IC market.

Growing demand for process analyzers in emerging markets such as India and China

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 growth of the process analyzer market is driven by 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.

The oxygen analyzer is projected to grow at the highest CAGR from 2020 to 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.

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The pharmaceuticals industry of the process analyzer market is projected to grow at the highest CAGR during the forecast period.

The pharmaceuticals industry is expected to account for the largest market share and highest CAGR during the forecast period. Process analyzers are an integral part of pharma product manufacturing processes. The pharmaceuticals industry has to maintain product quality and follow rules and regulations for medicinal drugs, necessitating the wide use of liquid analyzers, especially in pandemic times. These factors give an impetus to the growth of the process analyzer market in the pharmaceuticals industry.

The process analyzer market in APAC is projected to grow at the highest CAGR during the forecast period.

In APAC, the deployment of process analyzers and solutions is expected to increase rapidly during the forecast period in China, India, and Japan. The market in APAC is growing rapidly owing to the large-scale advancements and technological innovations in the manufacturing industry; this necessitates the use of process analyzer solutions. Most key global manufacturers from different industries have shifted their manufacturing units to APAC due to the low labor costs and easy availability of a skilled workforce.

Key Market Players

The process analyzer players have implemented various types of organic growth strategies, such as new product launches and product developments to strengthen their offerings in the market. The major players are 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) were the major players in the process analyzer market.

Increasing efficiency of wireless charging devices - Consumer electronic devices and electric vehicles

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 growth of the process analyzer market is driven by 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.

The oxygen analyzer is projected to grow at the highest CAGR from 2020 to 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.

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The pharmaceuticals industry of the process analyzer market is projected to grow at the highest CAGR during the forecast period.

The pharmaceuticals industry is expected to account for the largest market share and highest CAGR during the forecast period. Process analyzers are an integral part of pharma product manufacturing processes. The pharmaceuticals industry has to maintain product quality and follow rules and regulations for medicinal drugs, necessitating the wide use of liquid analyzers, especially in pandemic times. These factors give an impetus to the growth of the process analyzer market in the pharmaceuticals industry.

The process analyzer market in APAC is projected to grow at the highest CAGR during the forecast period.

In APAC, the deployment of process analyzers and solutions is expected to increase rapidly during the forecast period in China, India, and Japan. The market in APAC is growing rapidly owing to the large-scale advancements and technological innovations in the manufacturing industry; this necessitates the use of process analyzer solutions. Most key global manufacturers from different industries have shifted their manufacturing units to APAC due to the low labor costs and easy availability of a skilled workforce.

Key Market Players

The process analyzer players have implemented various types of organic growth strategies, such as new product launches and product developments to strengthen their offerings in the market. The major players are 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) were the major players in the process analyzer market.

Application of Microphones in Smart Wearable Devices

The global microphone market is estimated to be USD 1.6 billion in 2020 and is projected to reach 2.3 billion by 2025, at a CAGR of 7.9% during the forecast period. The factors attributing to the growth of this market include high adoption of next-generation consumer electronics, elevated use of piezoelectric microphones in IoT applications, increased number of microphones per device, and escalated demand for modern microphones for use in smart wearable devices.

The microphone market has promising growth potential due to several factors, including the increasing utilization of microphones in infotainment and safety monitoring systems in vehicles, growing use of microphones in industrial applications for the evaluation of ambient or environmental noise, increased requirement for microphone-embedded medical devices, growing implementation of different types of microphones in security cameras and audio/video-enabled surveillance systems, and the growing demand for IoT enabled connected devices with voice command feature. Also, the rapidly growing consumer electronics market in China, Japan, South Korea, and India is expected to contribute to the growth of microphone market.

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Even, countries in North America, South America, Europe, Middle East and Africa are expected to contribute significantly towards the growth of the global microphone market. The increasing demand for high-end consumer electronics such as smart home devices and wearable’s are expected to fuel the microphone market growth in Americas. Outstanding innovations such as autonomous vehicles and in-vehicle communication systems to fuel the market growth in Europe region. Moreover, the government aid in the improvement of telecom sector has helped the market for connected devices to grow in the Middle East and African countries, thereby fueling the microphone market growth in this region.

Among MEMS type, digital MEMS microphones holds the largest size of the microphone market. These microphones have various benefits such as small dimensions and greater electrical noise immunity that allows the implementation of multiple microphones in a single device. Therefore, these microphones are in demand for use in industrial equipment and consumer electronics as they offer a hands-free human–machine interface, noise cancellation, and high-quality audio.

The microphone market for commercial security and surveillance application is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing demand for anti-theft and surveillance systems in residential areas for better monitoring and the increasing use of microphones for border security solutions. Microphones are used in a variety of surveillance solutions for loss prevention, crime deterrence, additional evidence, alarm verification, and visitor management applications. The growing rate of security threats in public places, right from airports to public cafes, is one of the major factors for the growing use of microphones in commercial security and surveillance applications.

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APAC is estimated to be the fastest growing market for microphones. The rising number of users of Smartphone’s and portable smart devices due to growing disposable incomes is likely to stimulate the microphone market growth in APAC. Also, multiple microphones are installed in each consumer electronic device for efficient noise cancellation, and an upsurge in demand for such devices per person is expected to support the microphone market growth in the long run. Moreover, emerging economies such as China and India are migrating to high-end smart devices where better audio quality is needed, which is expected to help the overall market of microphones to grow in this region.

Significant Demands in Commercial Lighting Market

The commercial lighting market is projected to reach USD 21.8 billion by 2025 from USD 8.2 billion in 2020; it is expected to grow at a CAGR of 21.5% during the forecast period.

The most significant factors driving the growth of this market are the ongoing and upcoming smart city projects in the developing countries, growing focus of governments worldwide on energy consumption, increasing acceptance of standard protocols for lighting control systems, escalating demand for LED lights and luminaires for use in outdoor applications, and surging use of integrated lighting control systems. Rapid transition from traditional lighting to connected lighting solutions and increased adoption of PoE-based and solar lighting system are major opportunities for the commercial lighting market.

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Based on end-use application, the indoor segment held the largest share of the commercial lighting market in 2019.

The market for indoor smart lighting is expected to hold the larger share, owing to the high demand in commercial space. In these applications, smart lighting is an essential element in creating a modern workspace that attracts customers with changing preferences. It continues helping owners to create a flexible working environment, reduce expenses, improve work efficiencies, and create quality lighting that enhances the occupant experience. Hence, the adoption of smart lighting in commercial spaces is gaining more traction and has a high opportunity in the near future due to smart city initiatives by governments across the world.

The wired communication technology segment projected to account for a larger size of the commercial lighting market during the forecast period.

The wired segment is estimated to continue to hold a larger share of the commercial lighting market during the forecast period. Wired technology offers reliable performance and greater control. However, the cost of wiring and installation is high, especially in a commercial setting. This high cost, therefore, acts as a restraining factor for the adoption of wired technology-based smart lighting solutions.

Asia Pacific (APAC) is projected to be the fastest-growing market for commercial lighting market. This growth can be attributed to the rapid infrastructure development activities being undertaken in APAC, mainly in China, where smart lighting solutions pave the way for the modernization of infrastructure. Projects related to infrastructure modernization and development, such as smart cities, across the region would also drive the demand for smart street lights, thereby propelling the growth of the market for commercial smart lighting in this region. The increasing number of smart city and smart infrastructure projects undertaken by the governments will create several new opportunities for energy-efficient lighting and advanced lighting systems in the next few years.

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Key Market Players

Signify (Philips Lighting) (Netherlands); Legrand S.A. (France); Acuity Brands, Inc. (US); GE Current, a Daintree Company (US); OSRAM Licht AG (Germany); Leviton Manufacturing Company, Inc. (US); Lutron Electronics (US); Hubbell Incorporated (US); LEDVANCE GmbH (Germany); Schneider Electric SE (France); Ideal Industries, Inc. (Cree Lighting) (US); and Zumtobel Group (Austria)  are a few major players in the commercial lighting market.

Growth opportunities and latent adjacency in Ground Penetrating Radar Market

The ground penetrating radar market is expected to grow from USD 493 million by 2019 to USD 726 million by 2024 at a CAGR of 8.1% from 2019 to 2024. A few of the key factors driving the growth of this market are the safety- and protection-related concerns for underground utilities, advantages of GPR over other traditional technologies, and support offered by governments for implementation of GPRs.

GPR can be used to locate metallic and nonmetallic pipes, power lines, conduit, water lines, re-bar and post-tension cables inside concrete structures. The primary benefit of GPR over other traditional technologies is that GPR provides better imaging for utility lines, regardless of their composition.

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The GPR market for vehicle-mounted GPR systems is expected to grow at the highest CAGR during the forecast period. Vehicle-mounted GPR systems consist of GPR equipment fit on vehicles such as trucks, cars, UAVs, tanks, and armoured vehicles. They are most commonly used for transportation infrastructure, and law enforcement and military applications, which are expected to witness high growth rates during the forecast period.

The GPR market for services is expected to grow at a higher CAGR during the forecast period. Factors such as the rise in the practice of procuring GPR systems on a rental basis owing to their high cost of ownership, continuous innovation in GPR, and imposed regulations and standards by the government for using a suitable detecting device before commencing digging, demolishing, or constructing any infrastructure contribute to the growth of the market for services.

The GPR market for transportation infrastructure is expected to grow at the highest CAGR during the forecast period. This is attributed to the worldwide increase in a number of construction projects for bridges, roadways, railways, seaways, and dams.

The GPR market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rapid infrastructure building activities being undertaken in APAC, mainly in China, India, and Japan, where structural health monitoring paves the way for the modernization of infrastructure.

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The major opportunities for the growth of the market include high demand for real-time GPR services, and aging infrastructure and increasing maintenance requirements. The increasing need for real-time analysis of underground utilities, concrete structures, roads, and railway lines, among others, is one of the emerging concepts and new trends in the structural health monitoring market. Utility locating equipment and service providers have started using GPR devices, fleet telemetry systems, GPS devices, GIS data devices, and other similar sensors to collect location-based data of underground utilities. The aging infrastructure and increasing need for its maintenance in regions such as North America and Western Europe act as a major opportunity for the growth of the GPR market.

Growth Opportunities for the PC as a Service Market | Forecast to 2024

 The PC as a Service market is currently in the growth phase and is expected to grow further in the near future. In terms of value, it is expected to grow from USD 15.9 billion in 2019 to USD 141.6 billion by 2024, at a CAGR of 54.9% during the forecast period.

The growth of the PCaaS market is driven by factors such as the inclination of businesses toward the OPEX model rather than the CAPEX model, and the superior benefits offered by PCaaS business model.

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Also, additional advantages of the PCaaS model, such as flexibility and scalability, are expected to drive the PCaaS market. On the other hand, factors such as the absence of awareness in the field of PCaaS in developing countries, and the lack of product differentiation; and challenges such as security and data protection risks in BFSI are barriers inhibiting the growth of this market.

Software offerings to register the highest CAGR for PCaaS market during the forecast period

PCaaS market for software offerings to grow at highest CAGR during the forecast period. Software is designed to generate and automate computer programs, which transform data into specific information. PCaaS subscription offers customized software as per the end-user requirements. Software offerings in PCaaS include operating system/imaging, security software, asset management, as well as other factory-installed software. Companies operating in this space are approaching different independent software vendors (ISVs) for catering to the needs of end-users. PCaaS subscription provides upgrades and maintenance of software on a timely basis at a reasonable cost, allowing companies to enhance productivity and patch security flaws.

IT & Telecommunications vertical to hold the largest size of PCaaS market during the forecast period

Based on vertical, the PCaaS market is segmented into IT & telecommunications; healthcare & life sciences; education; BFSI; government; and others (retail and manufacturing). The IT & telecommunications vertical to hold the largest size of PCaaS market, during the forecast period. Access to secure, reliable, and high-performance communication is fundamental to operations of energy utilities, healthcare institutions, defense industry, transportation, and financial institutes. These verticals highly rely on IT & telecommunications departments for the smooth working of their business processes. PCaaS offers timely upgrades & maintenance of hardware and software, allowing companies to reduce IT burdens; moreover, it helps to avoid technological obsolescence, which ultimately enhances productivity.

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PCaaS market in Asia Pacific expected to grow at highest CAGR during the forecast period

The PCaaS market has been segmented based on major regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The global PCaaS market is expected to grow owing to the shift in organizational preference towards OPEX based business models; allowing them to priorities their investments. The growth is also supported by the benefits offered by PCaaS over traditional PCs and increasing adoption of PCaaS by small and midsized enterprises (SMEs) in the region.

Lenovo (Hong Kong), Hewlett-Packard (US), Dell Technologies (US), CompuCom Systems (US), Microsoft (US), Service IT Direct (Bizbang) (US), StarHub (Singapore), Telia (Sweden), Arrow Electronics (US), and SHI International (US) are key players operating in this space.

Key Market Players of Non-Volatile Memory Market | Samsung & Toshiba - Download PDF

Non-volatile memory is a type of computing memory that has the capability of saving data even when it is not connected to a power source. 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. Various players involved in this market strive to address this need with the development of emerging memories, such as RRAM, MRAM, FeRAM, and STTMRAM.

The key players are developing and setting new trends in the non-volatile memory market to expand their global presence and increase the market share. Partnerships, agreements, collaborations, acquisitions, and new product/service launches are some of the major strategies adopted by these players to achieve growth in the non-volatile memory market.

For instance, March 2020 Samsung Electronics announced that it has successfully shipped one million of the industry’s first 10nm-class (D1x) DDR4 (Double Date Rate 4) DRAM modules based on extreme ultraviolet (EUV) technology. The new EUV-based DRAM modules have completed global customer evaluations, and will open the door to more cutting-edge EUV process nodes for use in premium PC, mobile, enterprise server and datacenter applications.

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Samsung Electronics is among the leading innovators in the non-volatile memory market. The company invests heavily in R&D to develop cost-competitive products and stay ahead in the industry. The company has adopted inorganic growth strategies to develop new technologies as well as to target new opportunities in different markets. The company has a multidimensional business approach with both backward and forward integration. The company provides foundry; testing; packaging; memory integration such as DRAM, Flash, and low power memory; and end-user application products. The company’s wide portfolio of products and services help it compete in different market segments at different levels of the value chain. The Company’s dedicated memory business unit extensively works for the development of various DRAM and NAND products with higher densities. The company plans to invest USD 116 billion in non-memory chips by 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices.

Toshiba Corp. (Japan) is one of the world’s leading companies in the non-volatile memory market. The demand for Flash memory products is high and the company strives to cater to the continuing demand for storage by introducing new memory products. The company follows organic growth strategies and has a significantly increasing R&D investment for its next-generation memories and 3D memories business. The company’s primary focus is on continuing the investment in the memory business and accelerating the development of BiCS FLASH memory. The company would enhance cost competitiveness by accelerating the development of BiCS and expand SSD business. The company plans to increase its BiCS manufacturing capacity and devote more resources to SSD development. In the future, the company is expected to open SSD Design Center in North America for the same.

Key Market Dynamics of Occupancy Sensor Market | Get More Information

The occupancy sensor market is projected to grow from USD 1.9 billion in 2020 to USD 3.6 billion by 2025 at a CAGR of 13.3%.

The key factors contributing to the growth of the occupancy sensor market include increasing demand for energy-efficient devices and favourable government policies regarding energy saving as well as the development of accurate and efficient sensors that can be configured and programmed for HVAC systems. Furthermore, the growing trend of green buildings across the world is among the significant factors that are likely to create growth opportunities for the market.

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Market Dynamics:

Driver: Encouraging government policies toward energy saving

Private, public, and government firms are active participants when it comes to energy saving and proper consumption of resources. With regard to this, government bodies of all major regions (North America, Europe, and APAC) have initiated many laws, policies, and programs related to the efficient use of energy and energy saving. In such energy-saving initiatives, most of the time occupancy sensor is also considered as one of the major energy-saving devices. For instance, in the European Green Light Programme (2012), the European Commission instructed the installation of energy-efficient lighting technologies, such as adding occupancy sensors, day lighting sensors or other controls in building facilities.

Restraint: False triggering of a switch by sensors

Since the last decade, false triggering of a switch in occupancy sensor is one of the major restraining factors for the growth of the studied market. Sensors are more susceptible to false triggering due to any movement in the space. They are sensitive to all types of motions; therefore, they also react to non-occupant movement. False triggering may occur due to sunlight, anyone passing through adjacent spaces in the sight of the sensor or any machinery that heat up objects. Sensors also do not work efficiently if the office is partitioned. A continuous on-off of sensors hampers the life of lighting systems and related components.

Opportunity: Expected incorporation of lighting controllers with in-built data connectivity technology

The lighting control market has seen significant growth in the past few years. The market includes a considerable number of products, including dimmers, occupancy sensors, timers, daylight sensors, and relays. These products are used either independently or in an integrated form. They can be integrated with home automation systems through wired and wireless technologies. To enable their automated operations, lighting controllers have to be externally integrated with communication protocols. However, lighting control manufacturers are now manufacturing products with in-built data connectivity. These controllers can be operated directly without external communication protocols and connectivity. This is expected to create considerable demand for such products, which would, in turn, create an opportunity for occupancy sensor manufacturers.

Challenge: Lack of awareness regarding benefits of occupancy sensors

In spite of widespread promotion, the development of occupancy sensors is lower than other lighting technologies such as motion sensors and vacancy sensors. It suffers from the difficulty of accurately predicting the occupancy of the occupant. The performance of an occupancy sensor is dependent on user occupancy, lighting control patterns, and sensor selection. Additionally, it is also considered to be expensive, and the awareness regarding cost-related benefits of occupancy sensors is low. This acts as a challenge for the occupancy sensor market as it affects the penetration rate in developing and underdeveloped economies.

Emerging Trends in the Wi-Fi Chipset Market | Get Sample Report

According to the new market research report "Wi-Fi Chipset Market by IEEE Standards (802.11ay, 802.11ax, 802.11ac Wave 2), Band (Dual Band, Tri-Band), MIMO Configuration (SU-MIMO, MU-MIMO), Product Category (Smartphones, Tablets, PCS), and Geography - Global Forecast to 2022", is expected to grow from USD 15.89 Billion in 2016 to reach USD 19.72 Billion by 2022, at a CAGR of 3.5% between 2017 and 2022.

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IEEE 802.11ax segment expected to grow at the highest rate between 2018 and 2022

The Wi-Fi chipset market for 802.11ax is expected to witness a triple digit growth between 2018 and 2022. Unlike earlier versions of 802.11, 802.11ax is not a standard for upgrading speed. The ability of 802.11ax to increase throughput enormously makes it one of the most preferred IEEE standard in the Wi-Fi chipset market. 802.11ax promises consumers a superior user experience, in all possible scenarios. In 2016, Qualcomm Technologies, Inc. (U.S.) introduced a prototype of 802.11ax that demonstrates 4x downlink (DL) user throughput improvement for a given traffic scenario by supporting 4 user devices to upload data simultaneously. The standardization of 802.11ax is in progress in IEEE. Draft 1.0 was completed in 2016, and the final specification is expected to be published by the end of 2018.

Smartphone segment is expected to dominate the Wi-Fi chipset market between 2017 and 2022

Smartphones accounted for the largest share of the Wi-Fi chipset market in 2016, and is expected to maintain its leadership position in this market during the forecast period. The Internet and connectivity have become an inevitable aspect of smartphone usage. The usage of smartphones for personal as well as business applications has resulted in the demand for higher data rates. The high data usage and download of files on smartphones have generated the need for Wi-Fi to complement the cellular connectivity, which has led to the adoption of more advanced technologies such as IEEE 802.11ad standards to be integrated into smartphones. System on Chip (SoC) have been widely implemented in the mobile technology because of the increasing competition among market players to launch smartphones with more functionalities, increased performance, and reduced size.

Key players in the Wi-Fi chipset market see Asia Pacific as a lucrative region between 2017 and 2022

Asia Pacific (APAC) includes some of the fastest-growing economies in the world, such as China and India. The APAC region also includes some technologically advanced countries, such as Japan, Singapore, South Korea, and Australia. The rapid growth of the consumer electronics manufacturing industry in China, Japan, and South Korea, along with the growth of the wireless communication sector in developing countries of this region, is expected to offer significant growth opportunities to the Wi-Fi chipset market between 2017 and 2022.

The major players in the Wi-Fi chipset market include Qualcomm Technologies, Inc. (U.S.), Intel Corporation (U.S.), Texas Instruments, Inc (U.S.), Stmicroelectronics N.V. (Switzerland), Mediatek, Inc. (Taiwan), Samsung Electronics Co., Ltd. (South Korea), Marvell Technology Group Ltd. (Bermuda) and Cypress Semiconductor Corporation (U.S.).

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Digital Twin Market by 2026 – Opportunities and Challenges | Inquire Now

The world is facing an economic crisis due to the sudden outbreak of the COVID-19 pandemic. The pandemic has affected the growth of the end-use industries. Major oil producers are running out of storage space for extracted oil, as the demand is on a declining trend. This has resulted in a massive gap between supply and demand. The energy & power, automotive & transportation, and aerospace & defense industries are also among the key end users of digital twin technology. These industries are also witnessing a declining demand due to the pandemic.

According to MarketsandMarkets, the global digital twin market size was valued at USD 3.1 billion in 2020 and is projected to reach USD 48.2 billion by 2026. It is expected to grow at a CAGR of 58% during the forecast period.

Major factors driving the growth of the digital twin marketare the increasing demand for digital twins in the healthcare and pharmaceutical industries due to the outbreak of COVID-19 pandemic, the changing face of maintenance, and growing adoption of digital twin solutions to cope up with the COVID-19 pandemic are the key factors driving the growth of the digital twin market.

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System digital twin expected to account for a larger share of the digital twinmarketby 2026. This growth can be attributed to the increasing use of digital twin for systems in various verticals. For example, in the aerospace & defense sector, NASA uses/implements digital twins to monitor its space stations and spacecraft to ensure better safety. In the automotive & transportation sector, a start-up, SWIM AI, uses digital twins for the traffic management system in California. Likewise, Tesla uses digital twins in the of manufacturing of its cars. COVID-19 has affected every aspect of the business, and the impact is visible on the usage type market for digital twin. New installations of product/process/systems have declined after the outbreak of the pandemic. It is expected that in the post-COVID-19 period, end users will extensively implement system/process digital twins to minimize future losses.

In terms of geographic coverage, the digital twinmarkethas been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).North America held the largest share of the global digital twinmarket in 2019. In recent years, the development of various software and deployment of automation solutions in the manufacturing industries has improved production lines and downstream operations. These developments have positively impacted the growth of the digital twin market in North America due to the high economic growth and a large presence of vendors offering digital twins. Moreover, the increased R&D in the field of the IoT and IIoT and increasing demand for efficient and cost-effective technologies for product manufacturing are also supporting the regional market growth.

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