Accelerometer and Gyroscope Market is expected to reach USD 3.50 Billion by 2022

According to the new market research report on the "Accelerometer and Gyroscope Market by Accelerometer Type (MEMS, Piezoelectric, and Piezoresistive), Gyroscope Type (MEMS, FOG, RLG, HRG, and DTG), Dimension (1, 2, and 3 Axis), Application (Low End and High End), and Geography - Global Forecast to 2022", published by MarketsandMarkets,  the market is expected to reach USD 3.50 Billion by 2022. The high-end accelerometer and gyroscope market is expected to grow at a CAGR of 3.8% between 2016 and 2022, to reach USD 2.07 Billion by 2022 from USD 1.59 Billion in 2015.

The high-end accelerometer and gyroscope market is majorly driven by the increasing defense expenditure globally; whereas, the overall market is driven by factors such as the huge demand from the consumer electronics industry; stringent government regulations for the automotive industry; the emergence of efficient, economic, and compact MEMS technology; growing adoption of automation in industries and homes; and rising demand from emerging economies.

Download Free PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=205126447

MEMS accelerometers and gyroscopes are expected to witness the highest growth rate for high-end applications 

The MEMS accelerometer and gyroscope market for the high-end applications is expected to grow at the highest rate between 2016 and 2022. This is mainly due to the growing deployment of these sensors in remotely operated vehicles, aerospace, industrial and defense sectors. MEMS accelerometers are replacing traditional accelerometers in these applications owing to the benefits of low cost, small size, and high power efficiency.

3-axis accelerometers and gyroscopes expected to hold the largest share during the forecast period 

3-axis accelerometers and gyroscopes held the largest share of the overall accelerometer and gyroscope market in 2015 and the same trend is expected to continue till 2022. This is because of the growing level of integration which is driving manufacturers to integrate several functionalities in one system to reduce the number of components per device and to reduce the size and weight of the overall product, for which 3-axis devices are highly suitable.

Asia-Pacific (APAC) is the major consumer of accelerometers and gyroscopes 

The APAC region is expected to hold the largest share of the global Accelerometer and Gyroscope Market in 2015. As APAC is emerging as the manufacturing hub for low-end applications such as automotive and consumer electronics, the accelerometer and gyroscope market to holds a comparatively large market share in the APAC region.

Inquiry before Buying: 

http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=205126447

The report also profiles the most promising players in the accelerometer and gyroscope market. The competitive landscape of the market is highly dynamic due to the presence of a large number of big and small players. The key players in the accelerometer and gyroscope market are Analog Devices Inc. (U.S.), Colibrys Ltd. (Switzerland), Fizoptika Corp. (Russia), Honeywell International, Inc. (U.S.), InnaLabs (Ireland), InvenSense, Inc. (U.S.), Kionix, Inc. (U.S.), KVH Industries, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Northrop Grumman LITEF GmbH (Germany), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), Sensonsor AS (Norway), STMicroelectronics N.V. (Switzerland), and Systron Donner Inertial (U.S.), among others.

Wearables to See Promising Growth among Segments of Embedded Security Market

According to the new market research report on the "Embedded Security Market by Product (Secure Element and Embedded SIM, Trusted Platform Module, Hardware Security Module), by Security type (Authentication and Access Management, Payment, Content Protection), Application and Geography - Global Forecast to 2023", published by MarketsandMarkets™, this market is expected to be valued at USD 3.87 Billion by 2017 and USD 5.47 Billion by 2023, at a CAGR of 5.9% between 2017 and 2023. 

Download Free PDF Brochure:

http://www.marketsandmarkets.com/pdfdownload.asp?id=63839062

Secure element and embedded SIM based on product is expected to hold largest market share by 2023 

Secure element and embedded SIM finds its applications in a number of products such as smartphones, tablets, payments cards, and e-government documents. Due to a large number of shipments of above-mentioned products, this market is the considered to the largest.

Payment processing and cards application based on application is expected to hold largest market share by 2023 

The payment processing and cards application is the largest market for embedded security as it is being used extensively in Europay, MasterCard, and Visa (EMV) cards. EMV chips replace the easily copied magnetic stripe and produce a one-time code for each transaction ensuring the data cannot be reused if the card is stolen. EMV is the key to combatting card counterfeiting, which accounts for the largest share of payments fraud. Hence, this segment holds the largest market as EMV cards are now replacing the magneto strip cards.

Authentication and access management based on security type to grow at highest CAGR during the forecast period 

Growing emphasis on compliance management and increasing trend of mobility have driven the demand for authentication and access management in various sectors. Currently, employees can use their devices from different locations. Moreover, the Bring Your Own Device (BYOD) approach is increasing the usage of mobile applications. Changing scenarios and distributed IT environments have made organizations susceptible to cyber threats, thereby fueling the demand for authentication and access management. This factor is expected to create market opportunities for authentication and access management solution vendors during the forecast period.

North America to be the highest growing region 

The growing concern for the protection of critical infrastructure and sensitive data has increased government intervention in recent years. Thus, government initiatives, such as specific budget allocations and mandated security policies, are expected to drive the growth of the embedded security market in North America.

Inquiry before Buy @ 

http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=63839062

This report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with. The key players in this market are Infineon (Germany), STMicroelectronics (Switzerland), NXP (Netherlands), Gemalto (Netherlands), Microchip (US), Samsung (South Korea), Texas Instruments (US), IDEMIA (France), Renesas (Japan), and Inside Secure (France).

Retail Automation Market Revenues to grow $19.0 billion per year through 2023

The report "Retail Automation Market by Type (PoS, Barcode, and RFID, ESL, Camera, AGV, ASRS, Automated Conveyor), End User (Hypermarkets, Supermarkets, Single Item Stores, Fuel Stations, Retail Pharmacies),  Implementation, Region - Global Forecast to 2023", is projected to grow from USD 19.0 billion by 2023, at a CAGR of 11.0% between 2017 and 2023. The growth of the retail automation market can be attributed to the increasing demand for business optimization by retailers and reduction in their operational costs, rising demand for quality and quick services, and growing demand for retail automation solutions across the globe.

Retail automation refers to the use of automation technologies and processes to carry out different retail operations. Various benefits associated with retail automation include real-time information flow across critical systems that perform traditional transaction functions at point-of-sale (PoS) terminals; efficient store management to prevent losses and monitor the availability of products to avoid out-of-stock situations, and improved customer service with interactive kiosks and self-checkout systems; among others. Retail automation combines smart devices and equipment to offer high-quality services to customers and enhance business operations. It is adopted in hypermarkets, supermarkets, fuel stations, departmental stores, quick-service restaurants (QSR), and healthcare retail pharmacies to ensure their smooth and effective functioning. Increasing adoption of retail automation solutions in emerging economies incorporation of augmented reality and virtual reality in the retail sector, and development of new retail automation solutions act as growth opportunities for the retail automation market in the coming years.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1247

The warehouse segment is projected to lead the retail automation market from 2017 to 2023

Increased number of stock-keeping units (SKUs) has led to expansions in the sizes of warehouses, thereby making it difficult to carry out the effective management of warehouses using manual labor. Thus, the emergence of warehouse automation has enabled companies to increase the efficiency of their warehouse operations. Warehouse automation enables adoption of automated conveyors, robots, and automated storage and retrieval systems, which require limited involvement of warehouse employees, to carry out different operations. Increased investments are being made across the globe to carry out the warehouse automation to improve the productivity and flexibility of different processes carried out in warehouses.

Among end-users, retail automation is expected to witness the highest demand in single item stores during the forecast period

Single item stores are dedicated stores that offer a specific category of products. These can be apparels and consumer electronics stores as well as quick-service restaurants. In such stores, losses and discount costs that are related to product stocking are crucial as seasonal products lose their value quickly. Thus, retailers use electronic shelves labeling (ESL), which allows them to change the prices of products instantly and maintain an inventory of their products, thereby reducing losses and simultaneously saving efforts of their staff. Single item stores are adopting different automated technologies to boost the efficiency of their operations, enhance customer experience, and cater to the requirements of their customers. This, in turn, is leading to the growth of the single item stores segment of the market across the globe.

North America led the retail automation market in 2016

North America was the largest market for retail automation in 2016. The growth of the market in this region is driven by increased demand for sophisticated and efficient retail services and a high standard of living of its population. The adoption of retail automation by retail companies to offer easy and quick point-of-sale (PoS) services is also fueling the growth of the market in North America. The presence of top retailers such as Wal-Mart Stores, Inc. (US) and the Kroger Company (US) in North America is also contributing to the growth of retail automation in the region.

Datalogic S.p.A (Italy), NCR Corporation (US), First Data Corporation (US), Toshiba Global Commerce Solutions Inc. (US), Fujitsu Limited (Japan), KUKA AG (Germany), Honeywell Scanning and Mobility (US), Zebra Technologies Corporation (US), Wincor Nixdorf AG (Germany), Posiflex Technology, Inc. (Taiwan), Pricer AB (Sweden), and E&K Automation GmbH (Germany) are some of the major players operating in the retail automation market.

Mobile Engagement Market to See Fastest Growth through 2023

The Mobile Engagement Market will be valued at USD 4.44 Billion in 2017 and is expected to reach USD 38.70 Billion by 2023, at a CAGR of 43.46% between 2017 and 2023.

The increasing use of mobile device applications and growing focus toward mobile first strategy are among the factors driving the growth of the market. The increased adoption of mobile first approach has enabled in-depth understanding of brands and consumers, meeting consumer needs through mobile devices, and communicating value proposition effectively. The mobile app offers a platform to vendors for utilizing location data, together with search history, to provide a contextual, omnichannel experience across mobile devices.

Download PDF Brochure:

http://www.marketsandmarkets.com/pdfdownload.asp?id=171320714

SMEs expected to grow at a high rate during the forecast period 

The key factor driving the growth of SMEs in the mobile engagement market is the increasing number of vendors that are likely to come up with solutions specifically to cater to the demands of SMEs. This is expected to help these businesses go mobile and start making use of digital marketing to drive traffic and increase sales.

Retail vertical expected to hold the largest share during the forecast period 

Key factors contributing to the growth of the mobile engagement market in the retail vertical is the increased adoption of smartphones and tablets, and the use of mobile internet to offer great opportunities to retailers to effectively market their products and services.

Mobile engagement market in the North America expected to hold the largest share in 2016 

North America is expected to hold the largest market share in 2016 owing to the increased adoption of mobile wallets among customers, which enables communication with brands about sales, offers, coupons, and loyalty programs. The market for mobile engagement in APAC is expected to grow at the highest CAGR during the forecast period and surpass North America by 2023.

Speak to Expert Analysts:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=171320714

Major players operating in the mobile engagement market include IBM (US), Salesforce (US), Oracle (US), Adobe (US), Vibes Media (US), Selligent (Belgium), Urban Airship (US), Appboy (US), Localytics (US), Swrve (US), Tapjoy (US), and Marketo (US).

Sensor Patch Market expected to grow significantly through forecast period

The Sensor Patch Market is expected to grow from USD 1.2 billion in 2020 to USD 6.4 billion by 2025, at a CAGR of 40.5%.

The growth of this market is mainly driven by the rising demand for portable medical devices and wearable sensors, increasing elderly population, and growing use of sensor patches to monitor glucose level. The growing adoption of telehealth and advancements in wearable solutions and digital technologies provide major opportunities for the growth of the sensor patch market.

Bodywear to witness highest CAGR during 2020–2025

The market for bodywear is expected to grow at the highest CAGR during the forecast period. The significant growth rate of the market can be attributed to the increasing demand for bodywear patches to track the medical records of patients or sportspeople. Bodywear devices such as chest straps and smart patches are worn on the chest and arms for monitoring fitness. Moreover, wearable sensors are very small and can be integrated into smart patches to help the users achieve daily fitness goals and monitor health conditions.

Ask for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50239064

 

Fitness and sports end-user industry expected to exhibit higher CAGR in sensor patch market from 2020 to 2025

The sensor patch market for fitness and sports end-user industry is expected to grow at a higher CAGR from 2020 to 2025. Sensor patches transform the way athletes train, perform, and recover from injuries. The increasing average life expectancy of the population worldwide would further drive the growth of the sensor patch market in the fitness and sports industry. Leading teams from different sports have started adopting wearable sensor patches and have shown positive results in increasing potential, performance, energy management, and reduction in injuries.

Increasing per capita healthcare expenditure and disposable incomes to boost demand for sensor patches in APAC during forecast period

The sensor patch market in APAC is expected to grow at the highest CAGR during the forecast period. The growing need for the implementation and integration of medical devices and healthcare IT solutions in Asia to provide cost-effective and quality clinical care to patients drives the regional market for sensor patches. As a result, many global wearable solution companies are investing in the Asian market to capitalize on the growing opportunities. In addition, the COVID-19 outbreak has resulted in an increased patient pool in the region, especially in China and India. The growing patient volume, along with the rising need for accurate and timely diagnosis and treatment of this disease, will fuel the growth of the sensor patch market in APAC.

Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=50239064

 

Key players in the sensor patch market are Abbott Laboratories (US), iRhythm Technologies, Inc. (US), DexCom, Inc. (US), Medtronic PLC (Ireland), Texas Instruments Inc. (US), Proteus Digital Health, Inc. (US), Gentag, Inc. (US), Kenzen, Inc. (US), VitalConnect, Inc. (US), and Preventice Solutions, Inc. (US).

Compressor Control Systems Market Revenues to hit 6.39 Billion USD by 2022

According to the new market research report "Compressor Control Systems Market by Component (Controlling: (PLC and SCADA) & Networking), Application (Oil & Gas, Refining, Petrochemical, Power Generation, Metals & Mining, Water & Wastewater and Fertilizer), and Geography - Global Forecast to 2022", the compressor control systems market, in terms of value, is estimated to grow at a CAGR of 4.7% between 2016 and 2022 and is expected to reach USD 6.39 Billion by 2022. Massive investments in power and water sectors are expected to emerge as the second largest source for compressor installations in the next couple of years. Also, the continued expansion of petrochemicals, chemicals, and fertilizers industries is expected to result in a significant demand for compressors.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78887295

Oil & gas industry expected to hold the largest share of the compressor control systems market, by 2022

Compressors are widely used in the oil & gas industry in various core activities, starting from the initial treatment of crude oil/natural gas to transporting it through pipelines. They increase the pressure of the natural gas through heat and allow it to be transported from the production facility through the supply chain to end users.

Applications in the oil & gas industry accounted for the largest market share in 2015. This market is expected to grow at a high CAGR between 2016 and 2022. The number of compressors in the energy sector has increased greatly over the last few years, owing to the increased activity in the oil & gas production, transmission, and storage sectors.

Market in APAC expected to grow at the highest rate during the forecast period

The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. In APAC, a majority of the demand for compressors comes from their installations in varied end-user industries such as oil & gas, petrochemical, power generation, and heavy industries such as cement and metals. The increase in the production capacity in petrochemical, oil & gas, and power generation plants is expected to spur the growth of compressor control systems in this region.

The report describes the drivers, restraints, challenges, and opportunities for the growth of the compressor control systems market along with market size forecast till 2022. The report also gives a qualitative and quantitative description about different industries considered for the compressor control system market. This global report gives a detailed view of the market across the four geographical regions, namely, the Americas, Europe, Asia-Pacific (APAC), and RoW.

Request Free Sample Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=78887295

The report profiles the most promising players in the compressor control system market. The key players in the compressor control systems market are General Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), Siemens AG (Germany), Wood Group Plc. (U.K.), Atlas Copco (Sweden), and Ingersoll Rand (Ireland).

Building Opportunities for Functional Safety Market by Increasing Usage of Industrial IoT

The functional safety market is expected to reach USD 5.3 billion by 2025 from USD 4.4 billion in 2020, at a CAGR of 3.8%. Schneider (France), Rockwell (US), and Yokogawa (Japan) are the leading players in the functional safety market.

Functional safety covers the implementation of safety instrumented systems and related services to mitigate risks associated with a process in which components such as sensors, logic controls, and acting elements are used. Implementing functional safety ensures that safety critical control and protective systems are appropriately specified, designed, installed, and maintained. Safety devices such as sensors, programmable safety systems, and final elements are an integral part of safety instrumented systems and industrial control systems.

The adoption of standards such as IEC 61508 and IEC 61511 has increased the dependency on functional safety systems to achieve the required risk reduction targets. IEC 61508 and IEC 61511 are performance-based standards that promote the concept of the functional safety lifecycle. The growth of the market is attributed to 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, and rise in industrial revolution 4.0.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146773188

Schneider (France)

The company offers integrated solutions to various sectors. The company has a wide geographic presence and a diversified product portfolio. It is strategically positioned for providing software solutions for visualization and supervisory control, real-time operation management, asset management, and information management in process industry plants. The company has grown through mergers of various business divisions; as a result, it typically offers more than one brand and product in most markets and sectors. Its strong position in various markets that gives it a competitive advantage. Schneider Electric has a strong portfolio of functional safety-certified emergency stop devices and safety instrumented systems. The company has expertise in DCS and offers a range of safety solutions.

ABB (Switzerland)

ABB is a leading power and automation technology company. The ABB Group was founded in 1988 as a result of the merger between Asea AB (Sweden) and BBC Brown Boveri AG (Switzerland). ABB offers functional safety solutions under the Industrial Automation business segment. The company has expertise in design, manufacturing, and implementation process safety systems. ABB has effectively installed and delivered safety systems in over 55 countries globally. The company has a significant range of functional safety systems that can be integrated with control systems. ABB has launched the innovation & expansion plan (PIE) to drive profitable growth for its businesses. The company is primarily focusing on organic growth through product launches and developments, and expansion of its safety product portfolio. For instance, in March 2019, the company upgraded the Ability System 800Xa; in August 2017, it launched an all-new range of AFS contactors for safety applications. This will help the company maximize its revenue by targeting latent opportunities in these markets. 

Automotive TIC Market Dynamics - Analysis of Supply and Demand through 2025

The global automotive TIC market is expected to grow from USD 16.5 billion in 2020 to USD 20.4 billion by 2025; it is expected to grow at a CAGR of 4.3%.

COVID-19 Impact on Automotive TIC Market

Due to the spread of the Coronavirus, manufacturing units around the world have been shut down, footfall in showrooms has fallen sharply, and vehicle sales have taken a huge hit. Major automotive players such as Fiat Chrysler Automobiles, Ford, PSA Group, Volkswagen, Ducati, Tesla, BMW, Rolls-Royce, and General Motors are among the global automotive manufacturers who have suspended their production due to the COVID-19 pandemic. With economic and industrial activity largely put on hold, it is expected that there will be a severe demand-side impact leading to a sharp decline in vehicle sales volumes. The scenario is expected to affect the market, as the growth of this is directly related to the production of vehicles. However, COVID-19 is accelerating the trend of digitalization in the automotive TIC market. Automotive TIC companies are now relying on software solutions to conduct audits, damage assessments, and certifications. For instance, Bureau VERITAS has launched specialized digital tools for a variety of sectors to support remote operations.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175873215

Automotive TIC Market Dynamics

Drivers: Rising focus of governments to impose strict regulatory standards on the automotive industry

The global automotive industry is subject to various government regulations pertaining to passenger safety, as well as environmental concerns (emission levels, fuel economy, noise, and pollution). These regulations/standards directly impact and influence vehicle component designs. Strict government laws compel automakers to add safety features, such as seatbelts, airbags, and crumple zones, in an automobile. Major regulatory bodies impose tariffs and other trade barriers to penalize and discourage manufacturers from flouting emission and safety norms, for example, continued use of defective equipment. This forces automobile manufacturers to develop fuel-efficient vehicles with much lower emissions and also add safety features such as anti-skid braking systems (ABS); electronic brake-force distribution (EBD); airbags; and emission control systems, such as catalytic converters using turbochargers; and exhaust gas recirculation (EGR) systems.

Restraints: Varying regulations/standards across regions

With globalization in trades and businesses, distinct local regulations and standards are likely to create barriers for the acceptance of products internationally. This creates conflicts between the local and international standards, thereby hindering the market growth. Variations in regulatory standards across different regions lead to discrepancies in tax rates, thereby incurring additional costs from companies (hiring local staff to handle tax-related issues, etc.). TIC companies are subject to local laws and have to abide by the regulations and norms of countries in which they operate; this may hamper their efficiency

Opportunity: Mandate of periodic technical inspection (PTI) of vehicles by governments in countries such as the US and Germany

Periodical technical inspection (PTI) is a regulation mandated by respective governments in many countries to ensure vehicles on the road are in good technical condition and conform to safety- and emission-related regulation. To help increase roadway safety, the transportation department of any country inspects passenger and commercial motor vehicles and ensures all parts and components are in good working condition.

Challenge: Declining global vehicle sales

The COVID-19 had a severe impact on the global automotive sector. With production stoppages and lockdowns, both supply and demand for OEMs and auto part suppliers have been heavily disrupted. The lockdown in several countries that has restricted and impacted the production and sales of vehicles. The operations of some crucial companies have also been affected by COVID-19 epidemics. Most of the companies have shut down their vehicle production facilities and shifted their focus towards the manufacturing of personal protective equipment. Thus retail sales of vehicles declined drastically due to the COVID-19 pandemic and subsequent lockdown measures imposed by the different countries to contain the spread of the virus.

Flexible Display Market to See Promising Growth to USD 15.1 billion by 2022

The Flexible Display Market is projected to grow from USD 2.7 billion in 2016 to USD 15.1 billion by 2022, at a CAGR of 34.4% between 2017 and 2022. Growth of this market is driven majorly by a technological shift, the development of energy-efficient, attractive, high-specification products, and the rising demand for smartphones, smartwatches, wearables, televisions, PC monitors, and laptops.

Browse 62 market data Tables and 51 Figures spread through 171 Pages and in-depth TOC on "Flexible Display Market - Global Forecast to 2022"

Download Free PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=788

The smartphones and tablets segment accounted for the largest share of the flexible display market in 2016

The smartphones and tablets segment accounted for the largest share of the market in 2016. Smartphones have LED-LCD and OLED-variant–based display panels, and tablets are extended forms of smartphones and are equipped majorly with LED-LCD display panels. Various smartphone and laptop manufacturing and supplying companies have entered the tablet market due to the high demand in the consumer market. The use of flexible displays in smartphones and tablets makes these more durable, as they offer stylish designs and better ergonomics to operate these devices. The market for smartphones and tablets is growing significantly, owing to the increasing demand for hand-held devices around the world. This trend is expected to continue during the forecast period.

The OLED technology segment is projected to grow at the highest CAGR during the forecast period

The Organic Light-emitting Diode (OLED) technology segment is expected to grow at the highest CAGR between 2017 and 2022. OLED is a display technology used in various devices, including smartphones, tablets, laptops, smartwatches, and wearables. For example, OLEDs are used in mobile phones, digital cameras, VR headsets, tablets, laptops, and televisions. OLED has the potential to revolutionize the future of display as it is made of carbon and offers various advantages, such as low power consumption, fast response time, and flexibility.

Request Free Sample Pages of report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=788

North America accounted for the largest share of the market for flexible display in 2016

North America accounted for the largest share of the market in 2016, followed by the Asia Pacific and Europe. The US accounted for the largest share of the market in North America in 2016. Flexible displays are used majorly in smartphones, tablets, smartwatches, and wearables. Leading companies offering devices and components include Apple, Inc. (US) and Corning Incorporated (US), which are based in North America, and this factor has helped the growth of the flexible display market in the region.

Major players operating in the flexible display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Japan Display, Inc. (Japan), and BOE Technology Group Co., Ltd. (China), among others.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

Industrial Agitators Market revenue to hit USD 2.7 billion by 2025

The global industrial agitator market size is projected to grow from USD 2.2 billion in 2020 to USD 2.7 billion by 2025; it is expected to grow at a CAGR of 4.1%from 2020 to 2025. Major factors driving the growth of the market includethe growing demand for customized agitators and the increasing need for energy efficiency, flow maximization, rapid mixing, and other advancements. The rising demand for high-performance mixing devices, and growing manufacturing sector and process industries are also driving the market. On the other hand, the high maintenance cost of industrial agitators is a major restraining factor for this market.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59649096

The increasing requirement of optimizing mixing processes is pushing agitator providers to develop mixers that help achieve low power consumption, flow maximization, rapid mixing, and other advancements. For instance, Philadelphia Solutions (US) provides agitators for water treatment that concentrate on maximizing flow while minimizing energy input to optimize the mixing process.

Due to the COVID-19 outbreak, purchasers may begin to look for options other than capital purchases. One suitable alternative that is garnering attention is the market for rental mixers/agitators. Rental equipment offers a fast and cost-effective way of fulfilling the need without the high cost of a capital purchase, allowing purchasers to fulfill their mixing needs at a fraction of the original equipment cost. This would largely benefit the buyers at a time when most of the end-user industries are considering or have already slashed their capital expenditure budgets. However, this shift would pose a challenge for manufacturers who are already witnessing a decline in profits due to a decrease in the demand for their agitator products.

Portable Agitators are expected to grow at the highest CAGR, amongst all the models, during the forecast period. Portable agitators are expected to lead the overall industrial agitators market during the forecast period. The adoption of portable industrial agitators for the blending and mixing of fluids in drums and small tanks is increasing. Easy and quick installation of portable agitators and their ability to process heavy loads are the major factors responsible for their increased growth in the market.Such agitators are used to mix, stir, and homogenize water-like or medium-viscosity products.

The Impellercomponent of the Industrial Agitator market is projected to grow at a high CARG during the forecast period. They are an essential component of mixers used across all industries. Selecting an impeller based on the unique needs of an application is vital in ensuring the production of an equal mixture. As impellers help achieve efficiency during the mixing process, the demand for these components is expected to grow during the forecast period. As part of a mixer, impellers help solve the specific problems associated with the mixing process, making the mixing system more efficient. For each application, there is a unique impeller that lets the mixer work in balance and provides quality mixing.

Request More Details on:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=59649096

With the expected rise in the demand for water resources, the wastewater currently being generated needs to be put under treatment for future use. Wastewater treatment is an ideal solution to meet the ever-growing need for water and water-based resources. This creates enormous opportunities for the industrial agitators for use in wastewater treatment.Industrial agitators are used for water and wastewater treatment applications, including the processing of drinking water,which majorly involves the use of such equipment in raw water intake, in wastewater treatment plants, and for treating wastewater with large solids.

Digital Scent Technology Market to Grow with Increasing Use of E-nose, Scent Synthesizer Devices

The digital scent technology market is expected to grow from USD 1.0 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 9.2%. The market growth can be attributed to several factors, such as expanding application and advancements in e-nose technologies, increasing use of e-nose devices for disease diagnostic applications, emerging R&D activities to invent e-nose to sniff out COVID-19, and rising use of e-nose in food industry for quality assurance in production, storage, and display.

E-nose segment to account for the largest share of digital scent technology market in 2020

On the basis of hardware device, the market is categorized into e-nose and scent synthesizer. E-nose is widely applied in various sectors, including military & defense, healthcare, and food & beverages, compared to scent synthesizers. Continuous technological advancements and the decreasing cost of e-nose are the main factors which would propel the growth of e-nose during the forecast period. In February 2020, a team of researchers from Australia developed a cheap, portable e-nose that used machine learning to quickly assess beer quality based on its aroma. The e-nose was designed to look like a small microchip and gave results with 97% accuracy.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=118670062

Medical application to account for the largest share of digital scent technology market during forecast period

On the basis of applications, the market is categorized into food & beverage, military & defense, medical, marketing, environmental monitoring, entertainment, and others. The medical segment accounted for the largest market share in 2020 due to the increased adoption of digital scent technology in medical diagnosis, patient treatment selection, and metabolic disorders nutritional status. This application constitutes of the maximum developments and innovations of digital scent technology products by mostly start-ups and a few major companies. In October 2020, Koniku, a biotechnology start-up, developed robots that could sniff out COVID-19 infections faster than the conventional testing method. The technology fuses neurons with a silicon chip to create a “smell cyborg" capable of detecting scents ranging from explosives to pathogens.

North America is leading the market for digital scent technology in 2020

North America held the largest share in the digital scent technology market in 2020. North America is expected to continue to dominate the digital scent technology market during the forecast period due to the presence of various key players in the region. The major factors which are fueling the growth of the market are rising adoption of enhanced digital services by customers, use of biosensors for early detection of diseases, strict regulatory environment with regards to indoor air quality in the US, and significant e-nose developments with respect to applications in the medical and agriculture industries.

Key Market Players

Major players in the digital scent technology market include ams AG (Austria), Smiths Detection (US), Alpha MOS SA (France), AIRSENSE Analytics GmbH (Germany),ScentSational Technologies (US), and so on.

COVID-19 Impact on the Global Digital scent technology market

The digital scent technology market includes major Tier II and Tier III suppliers such as ams AG (Austria), Smiths Detection (US), Alpha MOS SA (France), AIRSENSE Analytics GmbH (Germany),ScentSational Technologies (US), Electronic Sensor Technology (US), Aromajoin Corporation (Japan), Scent Sciences Corporation (US), The eNose Company (The Netherlands), Odotech Inc. (Canada), and so on. These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.

Recent Developments

• In November 2020, Alpha MOS SA partnered with John Morris Group, wherein the company appointed John Morris Group as a distributor of its sensory analysis solutions in Australia and New Zealand.
• In September 2020, ams AG launched AS7038RB SpO2, the thinnest sensor for blood oxygen saturation (SpO2) measurement, bringing the capability to remotely monitor this vital sign to small consumer products such as earbuds, smart watches, and wristbands, as well as to medical devices such as patches and oximeters.
• In July 2020, Aromajoin Corporation launched a new matte black version of Aroma Shooter, the company's flagship product. Aroma Shooter is primarily a tool for retail and entertainment applications.

Wireless Charging Market Size, Shares, Analysis, Opportunity & Challenges

The overall wireless charging market is expected to be valued at USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026, at a CAGR of 24.6% between 2021 and 2026. The growth of the wireless charging market is attributed to the rising adoption of wireless technology in consumer electronics; increase in sales of electric vehicles; and ability to charge multiple devices.

COVID-19 impact on the wireless charging market

The COVID-19 impact forecast for the wireless charging market in this report is based on the quarterly and annual reports of the companies under study. Primary interviews have confirmed the downward trend in the wireless charging market in 2020. However, the market is expected to rise after the COVID-19 crisis has been neutralized, as governments have imposed strict policies to maintain safe environments in all manufacturing industries. At present, the adoption of wireless charging is high in the consumer electronics, and automotive industries.

Download Free PDF:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=640

Restraint: Compatibility issues restrict adoption of wireless charging devices

Wireless charging is useful for devices that are compatible with the Qi-enabled wireless charging standard. Devices without the Qi-compatible wireless charging standard are not compatible with the charging pad. Accessory providers are thus offering external wireless charging solutions for such devices. Different types of wireless chargers, such as charging pads, charging bowls, and charging boxes, are required for various products, raising the issue of compatibility. A user is thus forced to invest in a large number of wireless chargers to suit different products. While some manufacturers offer multi-device wireless chargers, the general issue of compatibility in the case of devices that are not Qi-enabled is expected to restrict the adoption of wireless charging devices

Opportunity: Increasing efficiency of wireless charging devices

Inductive charging is widely used for wireless charging of consumer electronic devices and electric vehicles. Magnetic resonance allows power transmission at longer distances between receiver and transmitter, and increases efficiency. In wireless charging, efficiency depends upon the power accessible to charge the device with the wireless transmitter's power. It is a vital consideration for wireless power, as it determines how hot the battery has got and how much power is wasted. The higher the efficiency, the lesser the cost and size of the charger required for the same delivered power. Wireless chargers offer benefits in terms of security, cost, and efficiency, and rising customer confidence in such chargers is expected to drive the growth of the market.

Challenge: Customer preference for traditional charging technology

Wired charging offers faster-charging speed and is less expensive than wireless charging. Wired chargers are usually provided by the manufacturers along with the devices. While it offers mobility and portability, wireless charging requires devices to be Qi-compatible, thus proving unsuitable for many products. With wireless charging pads getting larger, and adapters getting smaller and more durable, customers are showing a greater preference for the traditional charging technology. This is expected to hamper the rapid adoption of wireless charging technology.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

Embedded System Market Size by Driver, Restraint, Opportunity & Challenges

The global embedded system market is estimated to be USD 86.5 billion in 2020 and projected to reach USD 116.2 billion by 2025; at a CAGR of 6.1% from 2020 to 2025. Key factors fueling the growth of this market include an increase in the number of research and development activities related to embedded systems, rise in demand for advanced driver-assistance systems (ADAS) and electromobility solutions for electric vehicles and hybrid vehicles, increase in demand for portable devices such as wearables, and rise in the use of multicore processors in military applications.

Download Free PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=98154672

Embedded System Market Dynamics

Driver: Surge in the demand for ADAS in EV and hybrid vehicles

Embedded systems are playing an important role in the redesigning of the automotive industry. These systems are used in ADAS technology incorporated in the electric and hybrid vehicles. The increase in the demand for electric and hybrid vehicles owing to the growing awareness among masses about the depleting state of environment has led to the growth of the embedded system market. According to the Bloomberg New Energy Finance report, sales of electric vehicles is estimated to reach 41 million by 2020, thereby leading to a rise in the demand for electronic components including embedded hardware and software used in electric vehicles.

Restraint: Vulnerability of embedded systems to cyber threats and security breaches

One of the major factors that has hampered the growth of the embedded system market is the security of embedded devices. Embedded devices such as memory contain information which could be critical to military forces, banks, data centers, and healthcare facilities. Thus, it is very critical to protect such devices from cyber threats and security breaches. Irregular security updates, long device lifecycle, remote deployment, and attack replication are some of the factors that make embedded systems vulnerable to cyberattacks. Thus, the vulnerability of embedded systems to cyber threats and security breaches is expected to restrain the growth of the embedded system market.

Opportunity: Advent of 5G and development of 5G based embedded devices

The advent of 5G technology is expected to act as a growth opportunity for the embedded system market. According to the GSM Association (GSMA), the 5G market is expected to contribute USD 2.2 trillium to the global economy by 2034, comprising 5.3% of the global GDP growth. As a result, the production of embedded devices based on 5G architecture is expected to increase in the future. Embedded devices used in smart camera surveillance system of vehicles deliver fast response rates owing to the integration of 5G in their architecture. Additionally, 5G technology is expected to help tackle the challenges faced during industrial automation and smart farming as it enables fast image processing. Thus, embedded devices supporting 5G infrastructure is expected to fuel the growth of embedded system market.

Challenge: High energy consumption of compact embedded systems

The compactness of embedded system to incorporate various functionalities in them could lead to complexity in their design architectures. This also leads to increased energy consumption in embedded system. High energy consumption often compromises the overall lifecycle of embedded devices. The energy consumption is susceptible to the temperature of embedded device and increases with rise in the temperature of device. This affects the overall performance of the embedded system. Therefore, the high energy consumption of compact embedded systems acts as a severe challenge to the growth of the embedded system market.

Request Free Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=98154672

The recent COVID-19 pandemic is expected to impact the embedded industry. The entire supply chain is disrupted due to limited supply of parts. For instance, the outbreak of COVID-19 in China resulted in lockdown measures which included the shutdown of manufacturing facilities and warehouses and affected the global exports and shipments of various industries. The lockdown also led to a fall in the domestic and export demand for electronics devices, semiconductor, automotive vehicles, and other industrial equipment and devices including HMI, sensors, etc. as the impact of COVID-19 spread to other countries.