North America to Witness Significant Demand for Public Safety-LTE Market in the Coming Years

The Public Safety-LTE Market is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025; it is expected to grow at a CAGR of 21.1% during the forecast period. Adoption of LTE technology to eliminate the existing interconnectivity issues between different networks, increase in demand for unmanned vehicles globally, seamless data connectivity offered by LTE technology, and the COVID-19 pandemic is driving the need for efficient and extensive network capacity are expected to help the growth of the PS-LTE market during the forecast period.

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The services segment of the PS-LTE market is projected to grow at highest CAGR during forecast period

The services segment is projected to grow at the highest CAGR from 2020 to 2025.  The growth of the services segment can be attributed to the expectation that the PS-LTE services would be fully deployed in most of the regions of the world by 2020, and there would be increased revenue from these services than the PS-LTE infrastructure. Moreover, the developed PS-LTE networks in countries such as Australia, China, Qatar, the UAE, and the US are expected to proliferate the demand for managed and other professional services.

Emergency medical services application of PS-LTE market to grow at highest CAGR during forecast period

The emergency medical services application is expected to register the highest CAGR during the forecast period. LTE networks in emergency services lead to the sharing of real-time videos of patients that help in obtaining the vitals of patients virtually. It also enables the command centers to send the nearest responders to the locations where they are required by tracking GPS details of patients. LTE networks in emergency services provide information related to the hospital assets so that the EMS personnel can shift patients to the best-suited facilities nearby. They also provide insights into the preexisting conditions of patients to the EMS personnel by providing them access to their medical record databases and prescribed medicine.

 

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PS-LTE market in North America projected to grow at highest CAGR from 2020 to 2025

The protection of critical infrastructures is considered to be the most severe economic and national security challenge by the governments of both the US and Canada, thereby leading to the growth of the PS-LTE market in North America. Moreover, the deployment of new PS-LTE networks in Mexico has further supplemented the growth of the market in this region.

 

Major players operating in the PS-LTE market are Motorola Solutions, Inc. (US), General Dynamics Corporation (US), Airbus SE (Netherlands), Nokia (Finland), Harris Corporation (US), Huawei Technologies Co. Ltd. (China), Bittium Corporation (Finland), Samsung Electronics Co. Ltd. (South Korea), AT&T, Inc. (US), ZTE Corporation (China), Hytera Communications Corporation (China), and KT Corporation (South Korea).

Opportunities: Adoption of LPWA connectivity technologies in LTE

Presently, low-power wide-area (LPWA) technologies such as LoRa and narrowband IoT (NB-IoT) are limited to IoT applications such as smart meters and smart parking. Large-scale adoption of these LPWA technologies in public safety applications is expected to offer growth opportunities for different stakeholders. Frequent broadcast of sizeable payloads and mobility support are the 2 major applications of LPWA technologies in public safety. In February 2019, AT&T started the evaluation of LTE for machines or LTE-M for the public safety networks of the US through FirstNet. The company is evaluating the adoption of LTE-M to ensure the quality of service, priority, and preemption (QPP) on LTE networks. In May 2019, KT and Samsung partnered to deploy NB-IoT in South Korea by 2020 for different public safety applications.

Challenges: High costs of developing and maintaining LTE network infrastructures

The key components of PS-LTE solutions are end-use devices, radio access networks (RANs), backhaul networks, EPC, and application and operation support systems. These solutions are customized according to the applications wherein they are to be used or depending on the requirements of public safety agents and authorities. A dedicated LTE spectrum, cleared of any previous service, is a prerequisite for a public safety model. It requires long planning cycles and high investments. Significant upfront investments are required for developing and maintaining a dedicated network. If the allocated spectrum band is not in use in the commercial sector, costs/CAPEX of the entire system, including that of network elements and devices increase. In some countries, the narrowband spectrum allocated for public safety applications can limit the operating capacity of PSAPs. Thus, public safety authorities are required to establish service level agreements (SLAs) with the mobile network operators to define the trade-off between coverage, availability, and prioritization, and resilience requirements of mission-critical applications. Such SLAs incur a high cost in the form of subscription or setup fee.

Distributed Acoustic Sensing Market for Oil & Gas Industry to grow at highest CAGR during forecast period

The Distributed Acoustic Sensing (DAS)Market size is estimated to grow from USD 462 million in 2020 to USD 792 million by 2025; it is expected to grow at a CAGR of 11.4% from 2020–2025.

DAS systems are increasingly being adopted by various industries due to their advantages such as immunity toward electromagnetic interference, high range, and lower maintenance compared to electrical-based sensors. Owing to COVID-19, the DAS market is estimated to decline by ~10% for 2019–2020. Given the critical nature of monitoring operations in the oil & gas industry and the increased digitization of production, completion, and evaluation operations, DAS systems continue to hold significant importance in this field due to increased digitization taking place in this industry. This has also led to the deployment of DAS systems in other industries such as military, infrastructure, and transportation, which is helping in the growth of the overall market.

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Market for multimode fibers to grow at higher CAGR during forecast period

Multimode fiber optic cables have larger cores (45–50 microns) compared with single-mode fibers. The large diameter allows many paths for the rays of light to travel through the fiber. The large diameter of multimode fibers also allows for more optical power to be launched in the fiber allowing for greater light gathering capacity and facilitates the use of cheaper electro-optic devices or interrogators. Although multimode fibers have a lower range of detection compared to single-mode fibers, they can eliminate signal fading within that distance. Hence, the market for multimode fibers is expected to grow at a higher CAGR during the forecast period.

Market for oil & gas industry to grow at highest CAGR during forecast period

New pipeline projects are also being deployed worldwide on a large scale and DAS technology has proven to be ideal and cost effective for long-distance monitoring. Due to the increasing deployment of DAS systems for pipeline monitoring, the industry is also expected to have the highest growth during the forecast period. DAS systems can monitor the entire length of an oil & gas pipeline using telecommunications grade fiber optic cables. The market for pipeline integrity holds a larger share due to the larger distance covered using DAS systems compared to that for oilfield services. The fiber optic cable deployed for pipelines can stretch to thousands of kilometers compared to their deployment in oilfields, which is only a few hundred kilometers. Also due to the resilience of DAS systems in harsh operating environments, they are quickly replacing traditional monitoring solutions such as electrical and quartz-based sensors.

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Americas to hold largest share of DAS market during 2020–2025

The DAS market is dominated by the Americas, with North America contributing to the majority share of the market compared to South America. In North America, the US is a key market for DAS systems, accounting for the largest share in the region during the forecast period. According to the US Energy Information Administration (EIA), the US ranked first in oil & gas production. Canada is the second-largest market for DAS systems in North America and according to the EIA, Canada ranked fifth in terms of oil & gas production in 2019. South America has some of the world's largest oil & gas reserves located in Argentina and Venezuela. In South America, state-owned companies oversee the majority of oil & gas production in their respective countries. Hence, the Americas is expected to hold the largest market for DAS systems. At present, due to the North American region being most affected owing to the COVID-19 pandemic resulting in the subsequent decrease of hydraulic fracturing and offshore drilling activities, the DAS market in the Americas is expected to be among the most affected markets.

Major companies in the distributed acoustic sensing (DAS) market are Schlumberger (US), Halliburton (US), Baker Hughes (US), OptaSense (UK), Future Fibre Technologies (Australia), Fotech Solutions (UK), Bandweaver (China), Hifi Engineering (Canada), Omnisens (Switzerland), and Silixa (UK). Apart from these, ofs (US) and Fibre Completion Services (Canada) are among a few emerging companies in the DAS market.

Samsung & Toshiba - Leading Market Players in Non-Volatile Memory Market

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.

Functional Safety Market Trends, Size, Share, Analysis, Forecast to 2025

The Functional Safety Market was worth USD 4.4 billion in 2020 and is projected to reach USD 5.3 billion by 2025, at a CAGR of 3.8%.

The major factors fueling the growth include strict mandates for safety regulations, surging demand for safety systems in the oil & gas industry, high requirement for reliable safety systems to ensure personnel and asset protection, rise in industrial revolution 4.0 and Fiscal policy steps taken by regional financial institutions to keep manufacturing facilities floating amidst COVID-19 crisis.

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Safety sensors to lead functional safety market by 2025

 

The rising demand for functional safety-certified sensors in process industries and the increasing implementation of regulatory measures pertaining to functional safety by several governments are the key factors driving the growth of the market. Moreover, sensors used in a safety system are developed and designed to ensure safe, logic-based outputs in case a measurement or signal transmission does not occur. Safety sensors are used in automatic safety barriers, edges, electronic safety sensors, emergency stops (e-stops), palm buttons, safety controls, laser scanners, light curtains, mats, optoelectronic devices (single and multi-beam), and two-hand safety controls. Further, safety sensor is leading functional safety market as they perform important functions such as continuous process sensing and finding inconsistencies within processes.

 

Emergency shutdown systems to hold largest share of functional safety market during forecast period

The rising demand for functional safety-certified ESD systems in several industries and the increasing implementation of functional safety measures by several governments are the key factors driving the growth of the market for ESD systems. Oil & gas plants are prone to incidents that can adversely affect people and the environment. Functional safety systems such as emergency shutdown systems can considerably reduce the risk of accidents in oil & gas plants by initiating plant shutdown in emergencies. Therefore, functional safety systems are widely used in the oil & gas industry. ESD systems are widely used in petrochemicals, pharmaceuticals, manufacturing, power, and healthcare industries.

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Europe to be largest market for functional safety systems during forecast period

The increasing adoption of functional safety solutions to comply with these standards and workplace safety regulations is driving the growth of the market in this region. Further, Currently, Russia, the UK, and Norway are the key oil and gas-producing countries based in Europe and are the major contributors to the European functional safety market growth. However, Europe region is one of the most affected regions by COVID-19, economically. The outbreak of COVID-19 has caused a major setback to the export-oriented economy of Europe owing to the shutting down of manufacturing plants in the country. The automotive industry of Europe is severely affected as most of the automobile trade of the country takes place with China and Italy. 

Major players in the functional safety market include Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Hima Paul (US), Omron (Japan), Siemens (Germany), and Others.

Key Market Dynamics in 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.

Market Dynamics:

Restraint: Requirements for huge capital to install and automate machine safety systems

Machine safety systems are required to be installed as a safety measure for safeguarding employees, machines, and production lines in an emergency situation. However, the cost of machine safety components, and installation, maintenance and repair costs put a substantial burden on the organizational budget. Though large organizations can manage these expenses, it can be difficult for small and mid-sized organizations. Investments for safety equipment were never considered in budget allocations for building plants and production facilities until now, despite the installation and maintenance of machine safety systems adding a substantial economic burden. The aforesaid is a critical factor restraining the growth of the machine safety market.

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Opportunity: Increasing use of IIoT to ensure better management and improved performance of machine assets

IIoT is offering new opportunities for integrated safety and compliance services. IIoT can acquire data from sensors and send the collected information to monitoring systems. The data is transmitted through wired and wireless networks that provide real-time analysis, alerts, and possible solutions in case of any emergency situation. Using IIoT, companies can integrate their processes with safety systems and can monitor the same in real time. IIoT facilitates quick monitoring, analysis, and control, offering virtual management of physical systems, which ultimately results in performance improvement.

Challenge: Suspension in machine activities due to COVID-19 and subsequent decline in machine safety market

A few companies have completely stopped their manufacturing operations, which has disrupted the supply chain. Social distancing is also being observed in other parts of the manufacturing ecosystem, including transportation. This further brings commercial activities to a standstill, thereby negatively affecting the growth of the market, especially in the manufacturing sector.

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.

Robot End Effector Market worth $4.4 billion by 2026

According to the new market research report "Robot End Effector Market with COVID-19 Impact Analysis, by Type (Electric Grippers, Vacuum Cups, Tool Changers), Robot Type, Application (Handling, Assembly, Processing), Industry (Food & Beverage, E-Commerce), and Region - Global Forecast to 2026", published by MarketsandMarkets™, 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 CAGR of 18.8% from 2021 to 2026.

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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 CAGR of 18.8% during the forecast period. Owing to COVID-19, the robot end effector market is estimated to face headwinds for 2021–2022. Steady deployment of robots in manufacturing industries is facilitating the growth for robot end effectors. With the growing demand and adoption of collaborative robots, the demand for collaborative end effectors is also increasing. This scenario is observed in the consumer goods industry, specifically packaging, where the shape, size, surface, or weight of the packaging is constantly changing.  Meanwhile, 3D printed end effectors are gaining more presence across the industry. With the use of proper materials, end effectors manufactured using 3D printing are more flexible and strong enough for their intended purpose. Introduction of programmable end effectors and, research and ongoing developments in soft grippers and vacuum technology for suction cups and grippers for industries with special needs such as food and beverages, and pharmaceuticals and cosmetics (subjected to delicate workpieces and careful handling) expected to provide market opportunities for robot end effectors.

Market for grippers is projected to have the highest share during the forecast period

Grippers are estimated to account for the largest market share throughout the forecast period, in terms of value. The market for grippers is largely driven by its handling and assembly application in a wide range of workpieces considering their various shapes and size. Various types of grippers namely, electric, magnetic, and mechanical grippers are designed for different types of handling and assembly applications based on the industry and operational environment. Hence, grippers are used from heavy industries (automotive, metals and machinery) to non-heavy industries (food and beverages, pharmaceuticals and cosmetics) as well as in service industries (healthcare and cleaning), which broadens its scope. For instance, the magnetic grippers are exclusively used to handle ferromagnetic materials and are especially useful in gripping objects with holes or nets. The electrical grippers are fully programable and hence have more state of operations and are ideal for applications that need high speed and moderate gripping force. Whereas mechanical grippers are considered the best fit for handling single component forms, which means they are not suitable for a facility that produces a lot of low volume/high mix pieces. This gripper style also has the limited force and position power, and it operates with compressed air.

Market for processing application to grow at highest CAGR during the forecast period

The market for processing applications, in terms of value, is projected to grow at the highest CAGR during the forecast period. Penetration of automation in SMEs and increase in adoption of end effector devices for carrying out applications such as polishing, buffing, punching, and grinding are the main drivers for this growth. The automotive, precision engineering and optics, and metals and machinery industries are projected to account for the largest market share for processing applications throughout the forecast period. The growth is driven by rising automation in this industry for various applications such as grinding, milling, deburring, and polishing processes. New developments are taking place for software driven end effectors for processing application. For instance, polishing tools with in-built programming are in high demand due to their ease of use and quick switching applications. Hence, the market for processing application is expected to grow at a faster rate during the forecast period.

Browse in-depth TOC on "Robot End Effector Market"
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Market in APAC estimated to grow at the fastest rate during the forecast period

APAC is expected to adopt robot end effectors at a fast rate driven by increasing investment in automation by automotive, and electrical & electronics companies, especially in countries such as China, South Korea, and India.  This region is considered a major manufacturing hub in the world, which is expected to provide ample growth opportunities to the end effector market. The end effector market in APAC is expected to witness higher growth than the matured markets in Europe and North America due to low production costs, lenient emission and safety norms, and government initiatives for foreign direct investments (FDIs). Additionally, technological advancements in the field of robotics made by the regional players further provide opportunities for introducing robot end effectors for SMEs in the food and beverage industry. 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, it is expected that APAC will dominate the market of robot end effectors during the forecast period.

Major vendors in the robot end effector market include 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.

Key Market Trends & Growth in RTLS for Healthcare Market

According to the new market research report - Real-Time Location Systems Market for healthcare with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Technology (RFID, W-Fi, UWB, BLE, IR, Ultrasound, Others), Facility Type, Application, Geography -Global Forecast to 2025.

The RTLS market for healthcare is expected to grow from USD 1.4 billion in 2020 to USD 3.9 billion by 2025; it is expected to grow at a CAGR of 23.0% from 2020to 2025. The RTLS market for healthcare has been witnessing significant growth over the past years, mainly owing to the high adoption of RTLS solutions in hospitals and growing adoption in emerging use cases. However, the COVID-19 outbreak is likely to result in a decline in the growth rate of the RTLS market for healthcare, especially in 2020 and 2021. This is mainly because COVID-19 has led to healthcare organizations dedicating a major part of their funds toward the procurement of medical equipment and other resources required to combat COVID-19. As RTLS solutions do not fall under the essential resources category required for COVID-19 treatment, this factor is expected to hinder the penetration rate of RTLS technology in the short run. Additionally, COVID-19 has also disrupted the supply chain of the RTLS market for healthcare, which is hindering the manufacturing, distribution, and installation of RTLS solutions.

Browse over 138 tables, 70 figures/charts, and an in-depth TOC on the RTLS market for healthcare report.

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Hospitals and healthcare facilities to hold the largest share of the RTLS market for healthcare, by facility type,in 2020

Hospitals and healthcare facilities expected to account for largest share of RTLS market for healthcare in 2020, and continue to dominate the RTLS market for healthcare during the forecast period. There has been a high demand for RTLS solutions from hospitals in the US and European countries to enhance their operations, optimize resource utilization, and increase profitability. Also, there is an increasing demand for RTLS solutions from developing regions such as China, Japan, and India. The outbreak of COVID-19 has also led to a rise in awareness for RTLS solutions and the development of new products, which is also expected to positively impact the market in the long run.

The market for inventory/asset tracking and management segment to witness significant growth during the forecast period

Among all applications, the inventory/asset tracking and management application is likely to continue to account for the largest market size during the forecast period. The market for the same is also expected to witness significant growth during the forecast period. RTLS technologies are predominantly used in the asset and inventory tracking and management applications in healthcare facilities to better utilize the available resources and time during operations.

North America to hold the largest share of RTLS market for healthcare by 2020

North America is expected to hold the largest share of the RTLS market for healthcare by 2020. Many hospitals and senior living facilities in North America, especially in the US, are using RTLS solutions for various applications. To increase profitability, healthcare organizations, especially in the US, are adopting various tools and systems such as RTLS solutions that can increase their staff productivity and perform optimum asset utilization. Additionally, several companies offering RTLS solutions have their presence in this region, which further adds to the growth of the RTLS market for healthcare in North America.

A few key players operating in the RTLS market for healthcare are Stanley Black & Decker (US), Zebra Technologies (US), Aruba Networks (US), Impinj (US), CenTrak (US), TeleTracking Technologies (US), AiRISTA (US), and Litum Technologies (Turkey).

Study Coverage

This report categorizes the RTLS market for healthcare by offering, technology,application, facility type, and geography.The report also describes the drivers, restraints, opportunities, and challenges about

this market. Further, the report includes the value chain analysis of the RTLS ecosystem, technology analysis, ASP analysis, standards and regulations,patent analysis, and case study analysis.

Brief information on the research methodology for the report can be found in the report description provided on the website.

List of Top Leading Players in the Warehouse Management System Market

The Warehouse management system is a software solution primarily used by warehouse operators for efficient control over various warehousing operations, including inventory management, labor management, crossdocking, picking and placing, packaging, shipping, yard management, and dock management. The WMS market was valued at USD 2.4 billion in 2020 and is likely to reach USD 5.1 billion by 2025, at a CAGR of 16.0% between 2020 and 2025.

Manhattan Associates (US), Blue Yonder (JDA Software) (US), HighJump (Körber) (England), Oracle (US), and SAP (Germany), Infor (US), PSI (Germany), PTC (US), Tecsys (Canada), BluJay Solutions (UK), Epicor Software (US), 3PL Central (US), Cantaloupe Systems  (US), Datapel (Australia), Dematic (US), Generix Group (France), Mantis (US), Made4net (US), Microlistics (Australia), Nulogy (Canada), Reply (Italy), Softeon (US), Synergy Logistics (UK), and Vinculum Solutions (India) are the players in the WMS market

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Manhattan Associates (US)

Manhattan Associates develops, sells, and deploys advanced supply chain software solutions worldwide. The company sells its software licenses, services, and hardware products in three regions, namely, the Americas, EMEA, and APAC. Manhattan Associates provides its supply chain and WMS software solutions to various industries, including fashion retail; grocery, food & beverages; manufacturing; medical and pharmaceuticals; retail; wholesale; manufacturing; and third-party logistics. The company has attained a leadership position in the WMS market by significantly investing in R&D for product innovations. The company invested 14.2%, an increase of 1.3% compared with the previous year, of its total revenue in R&D in 2019. Further, the company has signed several contracts and implemented its WMS solutions in a number of clients’ sites to improve their business processes.

Blue Yonder (JDA Software) (US)

JDA Software changed its name to Blue Yonder in February 2020. Blue Yonder is one of the leading providers of end-to-end, integrated retail, multichannel, and supply chain planning and execution solutions. Blue Yonder’s WMS software suite comprises functionalities such as space and inventory management, workforce management, in-store picking, replenishment, and order fulfillment. The company offers cloud-based WMS services, including implementation, optimization, performance, and upgrades.

To tackle the ongoing pandemic of COVID-19, Blue Yonder has introduced COVID-19 Supply Chain Risk Response that provides a war room service for customers in the greatest need. It connects to the Centers for Disease Control and Prevention’s live feed to receive daily data on the spread and impact of COVID-19. This allows for real-time visibility and the impact of COVID-19 specific to a customer’s supply chain.

Flame Detector Market Size, Trends, Analysis, Forecast to 2026

The flame detector market size is expected to grow from USD 1.6 billion in 2020 to USD 2.0 billion by 2026 at a CAGR of 4.2% from 2020 to 2026. Policies, regulation, and government initiatives, rising adoption of wireless technology in flame detection systems, and increasing human & property loss due to fire breakouts are some of the major factors driving the growth of the flame detector market.

Flame detector market for dual UV/IR to grow at a higher CAGR during forecast period

The market for dual UV/IR is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to its ability to detect both UV and IR spectrums of radiations, thus increasing the span of its fire detection abilities. The increasing demand for improved safety and reduction in the failure of fire detection is expected to fuel the market for dual UV/IR flame detectors. A combination of UV and IR technology is quite popular for flame detection as the detector can collect information from both the UV side and the infrared side. UV/IR flame detectors offer increased immunity compared with UV detectors, operate at moderate speeds of response, and are suited for both indoor and outdoor use, especially for industrial applications. UV/IR flame detectors are designed specifically for industries that are prone to the emission of hydrocarbons and organic materials through fire. These are mostly seen in manufacturing industries.

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Flame detector market for pharmaceutical industry is expected to grow at highest CAGR during forecast period

The market for pharmaceutical industry is expected to capture the highest CAGR during the forecast period. The high growth rate is driven by the need to safeguard human lives and properties, as well as avoid production halt in the vertical. The recent COVID-19 pandemic has resulted in heavy investments in the pharmaceuticals industry. Thus, the growth of this industry is expected to fuel the growth of the flame detector market for the pharmaceuticals industry.

APAC to be fastest-growing flame detector market during forecast period

APAC is expected to be the fastest-growing market for flame detector. Growing urbanization has increased construction activities, which are contributing significantly to the growth of the flame detector market in this region. China and Japan being the frontier markets for flame detectors in the APAC region, the steady growth of industries in these countries post the COVID-19 pandemic is expected to fuel the high growth rate in this region. China is projected to lead the flame detector market in APAC during the forecast period, followed by Japan and South Korea. The demand for flame detectors is expected to increase with technological and economic advancements. Moreover, the growing urbanization in this region has increased manufacturing activities, contributing significantly to the growth of the flame detector market. Governments in this region have laid down fire safety norms, and the flame detector market is expected to grow with the execution of these policies.

Key Market Players

Halma (UK), Honeywell (US), Johnson Controls (Ireland), Siemens (Germany), United Technologies (US), Emerson Electric (US), Hochiki (Japan), MSA (US), Robert Bosch (Germany), Micropack Engineering (Scotland), Minimax Viking (Germany), Spectrex (US) are among a few major players operating in the flame detector market.

Key Market Trends in Rapid Liquid Printing Market

According to the new market research report "Rapid Liquid Printing Market by Offering (Printers, Services, Materials, Software), Application (Prototyping, Functional Part/End-Use Manufacturing, Tooling), Vertical (Consumer Products, Fashion), and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Rapid Liquid Printing Market size is expected to grow from USD 48 million in 2023 to USD 284 million by 2027; it is expected to grow at a CAGR of 55.6% from 2023 to 2027. The key factors driving the growth of the market include fastest among all 3D printing technologies, ability to print using industrial-grade materials, and ease of development of customized products.

 

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Offering-wise, printers segment to capture largest market size of overall rapid liquid printing market in 2023

The printers segment is expected to account for the largest share of the global rapid liquid printing market in 2023. The growth of the segment can be attributed to the expected adoption of rapid liquid printers to produce end-use parts. Following the pandemic of COVID-19, the market for rapid liquid printing is expected to push forward to 2023, which, in a positive situation, would have been in the year 2022. The market of industrial printers is expected to grow at a higher rate owing to the capability of the printer to manufacture using industrial-grade material, which translates to more applications in automotive, aerospace & defense, and construction verticals

Application-wise, prototyping segment to dominate rapid liquid printing market during forecast period

The prototyping segment is expected to continue to hold the largest market size owing to the use of rapid liquid printing for making prototypes of various objects or machines during the research, design, and development phase. Its application in various industries is a major factor driving its adoption. The current pandemic of COVID-19 has influenced several companies in healthcare, aerospace & defense, and utility verticals to conduct research for developing new and innovative products to meet the recent change of demands. It is expected with the current scenario that in a positive situation, the global market will be back to normal, and companies will be investing in the development of prototypes and end-use products using rapid liquid printing technology.

 

 

Vertical-wise, automotive segment to grow at highest rate from 2023 to 2027

Automotive vertical is expected to capture the highest CAGR in the rapid liquid printing market during the forecast period. The increasing demand for hybrid vehicles and battery-operated vehicles, along with the development of autonomous vehicles, is driving the growth of the global automotive industry. Moreover, the rise in demand for electric and autonomous vehicles is expected to fuel the demand for new automobile components and improved engine design. The adoption of 3D printing technologies to decrease the overall manufacturing cost of vehicles and improve interior designs is expected to fuel the market for 3D printing technologies in the automotive vertical.

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APAC to record highest CAGR from 2023 to 2027

APAC is expected to be the fastest-growing rapid liquid printing market during the forecast period. The growing demand for 3D printing technologies from automotive, aerospace & defense, utility, and healthcare verticals in APAC is expected to support the growth of rapid liquid printing in the region. The requirement to meet the demand for consumer products of the growing population in APAC, along with the ongoing industrialization in emerging economies, is expected to fuel the growth of consumer products and automotive verticals in this region.

This, in turn, is expected to contribute to the growing demand for 3D printing technologies, which again translates to the growing demand for rapid liquid printing in APAC. China and Japan are expected to be major markets for rapid liquid printing in APAC. Japan is home to major automobile manufacturers and suppliers who are facing challenges of high labor costs and increased lead time taken by conventional production processes. As such, companies are adopting automated and advanced production technologies to overcome these challenges. The use of additive manufacturing technologies in these countries is expected to fuel the growth of the market for rapid liquid printing in APAC. The current pandemic of COVID-19 has severely affected almost every industry in the APAC region. China, Japan, and India are the most affected countries in this region. Disrupted supply chain, reduced demand from local and global markets, and increased concerns regarding healthcare are a few of the challenges faced by countries in the APAC region. In a positive scenario, it is expected that the market would return to its normal state by 2022. Thus, the market for rapid liquid printing is expected to commercialize and grow at a high rate from 2023 to 2027.

Major players involved in the rapid liquid printing market include Steelcase (US), Stratasys (US), 3D Systems (US), Materilise (Belgium), ExOne (US), EOS (Germany), Dassault Systemes (France), Autodesk (US), Native Canada Footwear (Canada), and BMW (Germany).