Video streaming to witness fastest growth in cloud gaming market by 2024

The Cloud Gaming Market is estimated to be valued at USD 306 million in 2019 and is projected to reach USD 3,107 million by 2024, at a CAGR of 59.0%.

The major driving factors are the commercialization of 5G, the rise in a number of gamers, and the upsurge of immersive and competitive gaming on mobile. An increase in the number of internet users is also expected to drive cloud gaming growth during the forecast period.

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Game Platform Service to grow at higher CAGR in cloud gaming market during forecast period

Game platform service is expected to witness the highest growth in the coming years owing to the presence of key market players like Microsoft, Amazon Web Services, and Google. For instance, in March 2019, Google unveiled Stadia, which is a cloud gaming service that enables instant streaming of games on TV, desktop, laptop, tablet, or smartphone and allows users to seamlessly swap between the platforms with the help of wireless controller that connects directly to Google’s cloud.

Gaming console to hold largest size of cloud gaming market in 2019

The gaming console segment will have a major share in the cloud gaming market owing to the extensive and robust distribution network of major players such as Sony and Microsoft. The launch of cloud gaming platforms has rendered console manufacturers with a favorable opportunity to monetize on their existing library of gaming content and augment their product capabilities. These players are primarily employing their cloud gaming platforms to generate recurring revenue streams through their existing gaming users.

Video streaming to witness fastest growth in cloud gaming market in coming years

Video streaming solution relieves clients from computationally intensive graphics rendering and is ideal for clients with resource-constrained devices. Additionally, in this approach, computational load is paid along with network load since transmitting videos is more expensive than transmitting graphics commands. Owing to this, video streaming will hold the largest market share.

Avid Gamer segment held largest share of cloud gaming market in 2019

The larger market share of avid gamer segment is attributed to their regular presence in the gaming market. However, these gamers are attributed to have a stake of 15–25% of total sales volume, and they tend to be more price-sensitive compared to serious gamers. An avid gamer may become a serious gamer, but time constraints limit this possibility. Such gamers treat gaming as an alternative source of recreation and may temporarily stop gaming for studies, jobs, outdoor games, dis-interest, or boredom.

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APAC to have highest CAGR in cloud gaming market during forecast period

The APAC cloud gaming market is foreseen to augment at a significant rate owing to the increasing number of 5G infrastructure development initiatives in the region. Additionally, the cost-effective nature of the cloud gaming platforms is promoting its usage across various new customer classes that vary in investing in gaming systems due to their expensive nature.

The major players in the cloud gaming market are NVIDIA (US), Intel (US), Google (US), Microsoft (US), Amazon (US), Advanced Micro Devices (US), Sony (Japan), IBM (US), Tencent (China), and Alibaba (China).

Automated Optical Inspection Market is projected to reach USD 1,660 million by 2026; at a CAGR of 20.8%

According to a research report "Automated Optical Inspection Market with COVID-19 Impact Analysis by Type (2D AOI, 3D AOI), Technology (Inline AOI, Offline AOI), Industry, Application (Fabrication Phase, Assembly Phase), Elements of AOI, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Automated Optical Inspection Market was valued at USD 598 million in 2020 and is projected to reach USD 1,660 million by 2026. It is expected to grow at a CAGR of 20.8% during the forecast period. 

Advantages of AOI over other inspection methods, upsurge in the demand for consumer electronics amidst pandemic, rising need for miniature, high-speed PCBs, demand for higher productivity by electronics manufacturing services (EMS) companies, and growing demand for electronics in automotive sector are contributing to the growth of the automated optical inspection market. Advent of SMART technology, newer applications of AOI systems apart from PCB inspection, and growing demand for AOI systems for inspection of IC substrates act as a growth opportunity for the market players.

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3D AOI systems to account for a larger share of the automated optical inspection market

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

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Consumer electronics industry accounted for the largest share of the automated optical inspection market in 2020

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

Asia Pacific to account for the largest share of the automated optical inspection market by 2026

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

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

North America Region is expected to Witness Significant Demand for Thermal Scanners in the Coming Years

The global thermal scanners market size is estimated to grow from USD 4.1 billion in 2020to USD 6.2 billion by 2025 at a CAGR of 8.6%. One of the factors fueling the growth of this market is the rising demand for thermal scanners at airports for the detection of coronavirus.

A thermal scanner is a device or a system used to detect temperature differences,also known as heat signatures in an environment or any object. Heat signature is defined as the amount of infrared energy emitted by an object as a function of its temperature. This heat signature is captured with the help of thermal cameras and modules. Based on the information obtained from these devices, an electronic image is produced. The produced image helps in monitoring and inspecting, as well as detecting and measuring defects pertaining to anobject.

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In 2020, the uncooled technology segment held the larger size of the thermal scanners market. The growth of the market for uncooled thermal scanners is attributed to the increasing demand forthesescanners for commercial applications. Due to the recent outbreak of coronavirus (COVID-19), it is expected that there would be significant adoption of uncooled thermal scanners, mainly at public places, which would further boost the overall market.

Based on wavelength, the long-wave infrared (LWIR) segment held the largest share of the thermal scanners market during the forecast period. Thermal scanning products operating in the LWIR band are high in demand from the aerospace & defense vertical for security and surveillance applications. Also, they have significantly penetrated various industries, such as commercial, automotive, healthcare and life sciences, and other industries.

Based on applications, the thermography segment held the largest share of the thermal scanners market during the forecast period. The growth in the market for thermography is attributed mainly to the adoption of thermal scanners for thermography applications such as inspection & quarantine. Thermal scanners have the ability to detect a slight change in the temperature ranges which gives the advantage to be used in mass screening applications to detect the change in human body temperatures. With the outbreak of Coronavirus, it is expected that there would be significant adoption of thermal scanners at public places such as airports, which would further spur the growth of the market.

Based on the vertical, the industrial vertical generates the highest demand for thermal scanners. It holds the largest share of the thermal scanners market, and it is expected to do so during the forecast period. The dominance is due to the capability of thermal scanners to work in all weather conditions irrespective of the time. Also, thermal scanners are used for scanning in various industrial applications such as oil &gas, automotive, and among others, where temperature monitoring and inspection is the most critical factor and used for minute temperature monitoring.

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North America accounted for the largest share of the thermal scanners market and is expected to do so during the forecast period. North America is home to the major producers of thermal scanning products. The growth of the market in this region is attributed to the presence of numerous manufacturers and distributors and increasing government expenditure in the aerospace & defense sector. There is a significant demand in various verticals such as industrial, commercial, and among others, which would further spur the demand for thermal scanners in the region.

Embedded System Market is expected to Register Highest Growth Rate in Coming Years

The Embedded System Market is projected to grow from USD 86.5 billion in 2020 to USD 116.2 billion by 2025; it is expected to grow 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 electro mobility 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.

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Among hardware, the FPGA segment of the market is projected to grow at the highest CAGR from 2020 to 2025

The field-programmable gate arrays (FPGA) segment of the embedded system market is projected to grow at the highest CAGR from 2020 to 2025. The growth of this segment can be attributed to the simple design cycles of FGPA and their ability to reconfigure systems based on the requirements of applications. Moreover, FPGA support parallel computing, which makes them suitable for the rapid prototyping of various digital devices. Various advancements in the telecommunication industry, such as the advent of 5G technology, are expected to drive the growth of the market for FPGA-based embedded hardware globally.

The middleware segment of the embedded system market is projected to grow at a high CAGR during the forecast period

Among software, the middleware segment of the market is projected to grow at a high CAGR from 2020 to 2025. Middleware is an alternative to the embedded operating systems (OS) and can either be incorporated in the OS or integrated with device drivers and OS. Middleware helps in reducing the complexity of applications by centralizing software architecture, usually present in application layers. Moreover, it offers connectivity, intercommunication feature, portability, security, and flexibility, which embedded OS fail to offer in distributed and heterogeneous architectures.

Based on functionality, the real-time embedded systems segment of the market is projected to grow at a high CAGR from 2020 to 2025

The real-time embedded systems segment of the embedded system market is projected to grow at a high CAGR from 2020 to 2025. Real-time embedded systems are dedicated to perform given functions within a specified time frame. Since there is an increasing focus on efficiency and power management in various applications, these embedded systems are increasingly being used in network systems, medical systems, process control systems, robot manufacturing systems, traffic control systems, multimedia systems, etc. Moreover, the rising demand for real-time data and its analysis, along with the requirement of advanced communication infrastructure for technologies such as 5G and artificial intelligence (AI), is expected to lead to demand for real-time embedded systems globally.

The medium-scale embedded systems segment accounted for the largest share of the embedded system market in 2019

In 2019, the medium-scale embedded systems segment accounted for the largest share of the embedded system market. Medium-scale embedded systems are used for packet processing in network switches and routers and data processing in ultrasonic sensors. These systems form a major part of network and communication applications owing to their excellent power handling capacities. The increasing requirement of fast processing of embedded systems and efficient power consumption are key factors leading to the growing demand for 16-bit and 32-bit microcontrollers. Based on the number of threads and memory requirements, embedded devices commonly use either 16-bit microcontroller or 32-bit microcontroller architectures or a combination of both.

Among industries, the communication segment accounted for the largest share of the embedded system market in 2019

The communication segment accounted for the largest share of the embedded system market in 2019. Embedded systems are used in routers, Ethernet devices, wireless infrastructures, and protocol converters for high-speed data transfer to support the expanding communication infrastructures. Embedded hardware such as FPGA and ASIC are being used in various network and telecom applications. Telecom providers often integrate hard IP for interfaces such as peripheral component interconnect (PCI) Express, 100G Ethernet, and DDR3/4 for high-speed data transfer using embedded hardware such as FPGA. Moreover, technologies such as eASIC, which are cost-effective and meet power targets, are increasingly used in radio access network (RAN) equipment.

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APAC is projected to hold the largest share of the embedded system market in 2025

APAC is expected to hold the largest share of the embedded system market in 2025. The growing per capita income and ongoing large-scale industrialization and urbanization are factors driving the growth of the embedded system market in this region. In addition, the availability of low-cost electronic products in APAC is expected to contribute to an increased demand for microprocessors and microcontrollers in the region. The rising use of autonomous robots and embedded vision systems is also projected to lead to an increased demand for embedded system hardware such as microprocessors and controllers for use in industrial applications in APAC.

Intel (US), Renesas (Japan), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Texas Instruments (US), Microchip (US), Cypress Semiconductors (US), Qualcomm (US), Analog Devices (US), and Infineon Technologies (Germany) are the key players operating in the embedded system market. These players are increasingly undertaking strategies such as product launches, expansions, agreements, joint ventures, partnerships, collaborations, mergers, and acquisitions to increase their market share.

GaN Semiconductor Device Market is Projected to Reach at a CAGR of 5.2% by 2026

The global GaN semiconductor device market is estimated to be USD 19.4 billion in 2021 and projected to reach USD 24.9 billion by 2026; at a CAGR of 5.2%. Key factors fueling the growth of this market include the wide gap property of GaN material facilitating innovative applications, success of GaN in RF power electronics, and the increasing adoption of GaN RF semiconductor devices for defense and aerospace applications.

Power semiconductors segment is expected to witness higher CAGR growth during the forecast period

Services segment for the large format display market is expected to register the highest CAGR during the forecast period by offering. Advancements in GaN device technology, GaN epitaxial growth, and circuit implementations have led to the development of GaN power devices, which are perfectly suited for use in high-frequency switching applications in consumer electronics, automotive, and other such enterprise applications. All these factors are expected to drive the future market growth of GaN power semiconductors. 

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Renewables segment is expected to witness higher CAGR growth during the forecast period

The renewables segment of the GaN semiconductor device market is expected to witness the highest CAGR growth during the forecast period, by vertical. This rapid growth can be attributed to the use of GaN transistors in designing energy storage systems, which have bi-directional power flow architectures and are simple in design, low cost, and highly efficient. These benefits offered by GaN have led to the increasing adoption of GaN transistors instead of the conventional silicon-based transistors in energy storage systems and other renewable solutions including AC solar panels, solar DC to AC inverters, and VAR compensators. This adoption is further expected to increase in the future leading to the market growth of the segment.

APAC is projected to register the largest market share of the GaN semiconductor device market in 2026

Asia Pacific is projected to register the largest market share of GaN semiconductor device market in 2026. The rapid market penetration of GaN power semiconductor devices, where GaN devices are increasingly replacing silicon counterparts, is predominant in several application segments such as consumer and enterprise, telecommunications, automotive, industrial, etc. in APAC. China is the largest contributor to raw materials for the wide bandgap semiconductor industry in terms of manufacturing and distribution. This is further expected to have an indirect positive impact on the revenue growth of the GaN semiconductor device market in APAC.

The recent COVID-19 pandemic is expected to slightly negatively impact the global GaN semiconductor device industry. The entire supply chain got disrupted due to a limited supply of parts during the first quarter of 2020. 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 measures announced in several countries across the globe as they got impacted by the COVID-19 pandemic also led to a fall in the domestic and export demand for semiconductors including GaN in these countries.

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Key Market Players

The GaN semiconductor device market is dominated by a few globally established players such Cree (US), Qorvo (US), GaN Systems (Canada), Infineon Technologies (Germany), and MACOM (US).

Device-as-a-service Market in APAC is expected to grow at the highest CAGR during 2021-2026

The device-as-a-service market is expected to grow from USD 50.3 billion in 2021 to USD 303.6 billion by 2026; it is expected to grow at a CAGR of 43.2% during the forecast period. The device-as-a-service market has been witnessing significant growth over the past years, mainly owing to the rising demand forsubscription-based models that help customers to convert the high cost of acquiring new technology from a capital expenditure (CapEx) to an operating expense (OpEx)  and the ability to use the latest technologies and access customized services, including device configuration, installation, data migration, on-site support, and technology recycling, increasing demand.

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The services segment in device-as-a-service market is expected to witness the highest growth during the forecast period. It consists of a collection of device lifecycle services, which include installation, deployment and integration, asset recovery services, and repair and maintenance services as per the end user’s requirements. These services offered are flexible since they can be tailored and optimized. Many OEMs offer direct services as per the contract. In addition, there are managed service providers and value added resellers (VARs) who have been partnering with different hardware manufacturers and software vendors and provide complete device-as-a-service solutions under their own brand names. Continuous support and service ensure the smooth functioning of organizations, thereby driving the growth of the device-as-a-service market for services.

In terms of device types, smartphones and perpherals devices type to witness the highest growth  during the forecast period. Device-as-a-service solutions for smartphones offer organizations the benefits of lower costs, access to recent technologies, more predictable prices, and strong enterprise security. The demand for smartphones has been flattening out over the past few years. New paradigms like device-as-a-service, where users pay subscription fees to always have the latest devices arechanging things. Samsung and Apple are among the largest smartphone manufacturers and providers. Apple is one of the leading companies in the market providing device-as-a-service solutions, whereby users pay for subscriptions known as equipment installation plans (EIPs) to have the latest device. Peripherals that are provided in device-as-a-service models include expansion cards, graphics cards, image scanners, tape drives, microphones, loudspeakers, webcams, and digital cameras. Microsoft is one of the largest providers of peripherals in device-as-a-service solutions.

Based on organization size, large enterprises to grow at the highest CAGR in device-as-a-service market. Reduction in IT expenses, procurement workload, and cost of hardware deployment, and the option to acquire the latest technologies are the major factors due to which large enterprises are opting for DaaS. Device-as-a-service offers the maintenance of hardware, software, and other related services at a fixed monthly price, helping large organizations save costs. This enables predictable budget planning and cost savings at each stage of the device lifecycle. DaaS provides on-site support and offers new technologies and up-to-date software, helping organizations avoid technological obsolescence. However, large enterprises prefer using on-premises solutions as they deal with a high volume of confidential business documents, and procuring third-party solutions may make their networks prone to data leakage. This is among the major challenging factors pertaining to the adoption of DaaS among large enterprises. However, solution providers are endeavoring to provide more secure solutions; thus, the impact of this factor is expected to subside in the coming years, resulting in increased adoption of DaaS in the segment.

Based on end user, IT and telecommunications industry to grow at the highest CAGR in the device-as-a-service market. The shift to remote working and homeschooling has increased the demand for IT assets in the industry. Access to secure, reliable, and high-performance IT devices are fundamental to operations of the IT and telecommunication industries; thus, the segment generates the most significant demand for IT devices such as desktops, laptops, tablets, notebooks, and smartphones. Moreover, the demand for constant updates of software and related services is more in this industry, thus contributing towards increased demand for device-as-a-service.Further, telecommunication companies are investing more in resources and providing the highest quality of services, which is indirectly helping boost the adoption of more IT devices. 

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The device-as-a-service market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan, India, and Australia are some of the key countries driving market growth in APAC. Factors such as increased spending on enterprise IT applications and IT infrastructure along with expanding ecosystem of startups and small and medium-sized enterprises within the region is expected to drive the device-as-a-service market. Moreover, growing awareness regarding the benefits of the device-as-a-service model in the region is expected to further propel market growth in the coming years.

Key players in the device-as-a-servicemarket are grabbing opportunities by indulging in partnerships. Besides, agreement, expansions, and acquisitionswere a fewof the other strategies adopted by companies in this market to strengthen their market position.

Safety Laser Scanner Market is expected to grow at a higher CAGR from 2018 to 2023

The overall safety laser scanner market is expected to grow from USD 304 million in 2018 to USD 406 million by 2023, at a high CAGR of 5.99% during 2018–2023. The safety laser scanner market offers a long-term cost-effective solution for use with new machine installations or for retro fitting machines, plants, or even vehicles. Therefore, small form factor, high user-friendliness, seamless integration, and high on power efficiency collectively are responsible for the overall growth of the market.

The healthcare & pharmaceutical end-user industry is likely to exhibit the highest CAGR during the forecast period. Additionally, the mobile safety laser scanner market is expected to witness increased adoption across automotive, consumer goods & electronics, and healthcare & pharmaceuticals end-user industry in future.

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Healthcare & pharmaceuticals segment to account for a larger size of safety laser scanner market, based on end-user sector, by 2023

Lasers in the healthcare sector is used to improve patient safety and experience. Safety laser scanners are used extensively in the pharmaceutical manufacturing industry that relates largely to drug manufacturing, which is the process of industrial-scale synthesis of pharmaceutical drugs. Laser-based safety scanners play a critical role in the optimization of warehousing, packaging, and logistics operations in manufacturing facilities. For instance, safety laser scanners are used in autonomous monitoring vehicles, or movable service robots for industrial use in the pharmaceuticals sector for collision avoidance while logistics operations are being executed. These scanners are used in receiving areas and manual warehouse areas and also for transport and storage.

Safety laser scanner market expected to grow at a higher CAGR from 2018 to 2023 because of increasing fatalities in workplaces

Key factors contributing to the growth of this market include the increasing fatalities in workplaces, increased automation with the adoption of Industry 4.0, and growing concerns for the safety of machines and workers on the production floor. Moreover, the adoption of AGVs and AGCs across end-user industries such as automotive, healthcare & pharmaceutical, consumer goods & electronics drives the growth of the safety laser scanner market.

APAC to account for largest market size during forecast period

APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rapid increase in production facilities in APAC for end-user industries such as automotive and consumer goods & electronics. Europe and North America are the next major regions that are expected to exhibit substantial growth rates in the safety laser scanner market with a high CAGR during the forecast period. Further, government policies are also in favor of increasing the number of manufacturing facilities in this region. Additionally, developing economies, such as China and India, dominate the consumer electronics market in APAC.

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Key Market Players

Key players profiled in this study include Leuze Electronics GmbH (Germany), OMRON Corporation (Japan), Panasonic Corporation (Japan), Rockwell Automation  (US), SICK AG (Germany), Banner Engineering (US), Hans Turck (US), Hokuyo Automatic Co., Ltd. (Japan), IDEC Corporation (Japan), Keyence Corporation  (Japan), Pilz GmbH & Co. KG (Germany), Datalogiv SpA (Italy), Arcus Automation Private Limited(India), and ReeR SpA (Italy).

AI Infrastructure Market Size, Share, Growth, Analysis, Trends 2026

The AI infrastructure market is expected to grow from USD 23.7 billion in 2021 to USD 79.3 billion by 2026, at a CAGR of 27.3%. Increased data traffic and need for high computing power, increasing adoption of cloud machine learning platform, increasingly large and complex dataset, rising focus on parallel computing in AI data centers, and growing number of cross-industry partnerships and collaborations —are the key factors driving the AI infrastructure market.

The efficient implementation of in-home health monitoring and health information access; personalized health management; and the use of treatment devices (such as better hearing aids; visual assistive devices; and physical assistive devices that include intelligent walkers) are possible with the implementation of AI-based tools. Thus, there is a growing focus on adopting AI-based technologies to support the physical, emotional, social, and mental health of the elderly population across the world. Future applications may include a combination of multiple AI technologies, such as ML, DL, and computer vision, for pose detection and learning elderly behavioral patterns.

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Based on the technology, the AI infrastructure market has been divided into machine learning and deep learning. In terms of value, deep learning technology is expected to account for a larger share of the AI infrastructure market by 2026. The ability of deep learning to collect and handle big data and its applications in autonomous robots, autonomous vehicles, and facial analysis is fueling its demand. These technologies are currently being implemented to develop various AI products and offer different kinds of services. AI has created significant opportunities for enterprises, cloud service providers, thereby helping many startups to provide their solutions in the AI infrastructure market.

On the basis of end user, the market is categorized into enterprises, government organizations, and cloud service providers. Cloud service providers are expected to account for the largest share of the AI infrastructure market, by end user, by 2026. Cloud services drive cost-saving and supporting digital business transformation. Hence, the adoption of cloud services is high in the AI infrastructure space.

Among all regions, APAC is expected to register the highest growth in the AI infrastructure market during the forecast period. The AI infrastructure market in APAC includes economies such as Singapore, South Korea, Japan, China, India, and Australia. APAC is the host to a few of the fastest-growing and leading industrialized economies such as China, Japan, and India in the world. It is witnessing dynamic changes in the adoption of new technologies and advancements in organizations across industries. Increasing adoption of deep learning and NLP technologies for finance, agriculture, marketing, and law applications is also driving the market in this region.

Medical Alert Systems Market - Industry Events and Developments 2026

The medical alert systems market is expected to grow from USD6.8 billion in 2021 to USD 11.1billion by 2026; it is expected to grow at a CAGR of 10.3% during the forecast period.The medical alert systemsmarket has been witnessing significant growth over the past years, mainly owing to the ongoing technological advancement in medical alert systems.

The hardware segment is expected to grow with the highest CAGR in the forecast period.  The hardware is a physical device that allows seniors to maintain an active lifestyle as long as possible. The hardware segment includes in-home devices, on-the-go devices, and in-home and yard devices. These devices include the base or console unit and the transmitter, which is usually in the form of a pendant that can be worn around the neck or a wristband. The transmitter sends the emergency signal to the base station whenever a user presses the “help” button or whenever a fall is detected. The base station, in turn, contacts the monitoring service centers with the help of a landline or by using a cellularnetwork. The monitoring service center contacts the user and assesses the severity of the situation, and accordingly delivers emergency services.

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Based on applications, assisted living facilities is expected to have the highest CAGR in theforecast period.

Facility-based care services include assisted living centers for the long-term care of senior citizens suffering from various illnessessuch asAlzheimer’s or dementia. These facilities provide personal care, medical services, and housing and housekeeping facilities to the residents. People in assisted living centers need daily care. The use of medical alert systems in such a setup is quite popular as it is less expensive than other facilities. Residents at such living centers can use medical alert systems to receive assistance in an emergency. Apart from older adults, individuals who need special care (individuals requiring assistance for medical, mental, or psychological disabilities) can use medical alert systems.

The medical alert system market in North America is expected to have the highest market sizeduring the forecast period. US and Canada are some of the key countries driving market growth in North American region.

Key players in the regionare grabbing opportunities by launching new products. Besides, product launches, partnerships, expansions, and acquisitionswere a fewof the other strategies adopted by companies in this market to strengthen their market position.

Semiconductor Manufacturing Equipment Market to be valued to $95.9 billion by 2025

According to a research report "Semiconductor Manufacturing Equipment Market with COVID-19 Impact Analysis by Front-end Equipment, Back-end Equipment, Fab Facility Equipment, Product Type, Dimension, Supply Chain Participant, Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Semiconductor Manufacturing Equipment Market will grow to USD 95.9 billion by 2025 (forecast year) from USD 62.4 billion in 2020 (estimated year), at a CAGR of 9.0% between 2020 to 2025. The key drivers fueling the growth of this market include the increasing investments in R&D facilities due to COVID-19 impact and increasing demand for electric and hybrid vehicles. Moreover, the growing consumer electronics market and increasing number of foundries due to COVID-19, trend of miniaturization and technology migration, and high demand for chips to provide computation power and connectivity for AI applications across the globe play a key role in driving the growth of the semiconductor manufacturing equipment market.

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The high demand for semiconductor devices has led to use of photolithography equipment

In 2019, the lithography segment accounted for the largest share of the semiconductor manufacturing equipment market, by front-end equipment. The increasing demand for semiconductor devices across the globe has led to the use of photolithography equipment for manufacturing semiconductor devices. The major reason for the largest size of the lithography equipment market is the high system cost, even though the shipment volume is comparatively small. The application of different semiconductor devices such as ICs and transistors in industries such as automotive, telecommunication, and consumer electronics has led to their increased demand.

Memory segment is projected to grow at a higher CAGR from 2020 to 2025

The memory segment of semiconductor manufacturing equipment market, by product type, is projected to grow at a higher CAGR during forecast period. New memory technologies such as magneto-resistive random access memory (MRAM) and resistive random access memory (ReRAM) are expected to replace traditional technologies. Moreover, memory devices require high-precision bonding, testing, cleaning, and packaging for the best performance. This shift in the memory market has demanded a change in the dynamics of manufacturing equipment, compelling semiconductor manufacturing equipment providers to develop more efficient designs for device manufacturers.

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APAC is projected to hold largest share of semiconductor manufacturing equipment market in 2025

APAC is expected to hold the largest share of the semiconductor manufacturing equipment market in 2025. The commanding position of APAC is due to the presence of a large number of OSAT companies in the region. These OSAT companies use various front-end, back-end, and fab facility equipment in the semiconductor fabrication process. Additionally, an increasing number of IDMs in the region is expected to boost the semiconductor manufacturing equipment market growth in the near future. Similarly, the mass production of electronic products such as smartphones, sensors, industrial equipment, and wearables among others in China and Taiwan is also expected to accelerate the market growth in APAC.

Tokyo Electron(Japan), LAM Research(US), ASML(Netherlands), Applied Materials(US), KLA-Tencor(US), Screen Holdings(Japan), Teradyne|(US), Advantest Corporation(Japan), Hitachi High-Technologies(Japan), and Plasma-Therm(US) are the key players in the global semiconductor manufacturing equipment market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, collaborations, agreements, merger and acquisitions to increase their market share.

Automatic Identification and Data Capture Market Growth, Revenue and Industry Analysis Report by 2025

The overall Automatic Identification and Data Capture Market is expected to grow from USD 40.1 billion in 2020 to USD 80.3 billion by 2025; it is expected to grow at a CAGR of 14.9% during 2020–2025. Key factors fueling the growth of this market include growing e-commerce industry globally; increasing use of smartphones for QR code scanning and image recognition; rising adoption of AIDC solutions due to their ability to minimize queuing and transaction time and provide greater convenience to users in making small-value payments; and surging adoption of AIDC solutions by banking and financial institutions to ensure customer safety and security, along with data privacy. An increasing number of patients and deaths due to COVID-19 will force all the countries to increase their healthcare expenditure, which is expected to have a positive impact on the growth of the market for AIDC products.

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Automatic identification and data capturing is a technique through which objects are automatically identified, data about them is collected and converted into a digital format, and then this data is entered into the computer system without any human intervention. This data may be in the form of images or videos and audio files. A transducer is deployed to convert the actual data into a digital format. The stored data is then analyzed by a computer system and then cross-checked with the database to authenticate users and provide them permission to enter into a protected system, as well as store this data for future references.

The market for virtual reality (VR) solutionsis expected to grow at thehighest CAGR within the global automatic identification and data capture market during the forecast period. VR solutions work on the principle of “vision picking” where order pickers in a warehouse or a retail store can view pick information within their field of vision through smart glasses, rather than looking at their mobile terminal device screen.

The market for the hospitality vertical is expected to grow with the highest CAGR during the forecast period. Automatic identification and data capturing products, such as barcoding solutions, RFID systems, OCR systems, and biometric systems, are increasingly being used by many hotels and restaurants to enhance the guest experience, increase operational efficiency, accelerate service delivery speed, as well as for mobile payment and ordering, inventory management, and food safety tracking.

The AIDC market in APAC is expected to grow at the highest CAGR during the forecast period.Many retail and logistics companies are expanding their presence in the region to capitalize on the increased purchasing power of the middle-class people, which has led to the growth of the automatic identification and data capture market in the region. Moreover, the significant presence of several market players, such as Panasonic (Japan), SATO (Japan), Toshiba (Japan), Godex (Taiwan), and Optoelectronics (Japan), in the region is likely to propel the growth of the automatic identification and data capture market in APAC.

Thermal Imaging Market growing at a CAGR of 5.5% during 2021-2026

According to the new market research report "Thermal Imaging Market with COVID-19 Impact and Analysis, by Product Type (Modules, Cameras, Scopes), Type (Handheld and Standstill), Technology (Cooled, Uncooled), Application, Wavelength (SWIR, MWIR, LWIR), Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Thermal Imaging Market is projected to grow from USD 3.6 billion in 2021 to USD 4.7 billion by 2026, growing at a CAGR of 5.5% during the forecast period. The key factors driving the growth of the global thermal imaging market include Increasing government expenditure on the aerospace & defense sector boosting the growth of the thermal imaging market, increasing adoption of thermal imaging in the automotive industry, growing R&D investments by companies, governments, and capital firms for developing innovative thermal imaging solutions, and others.

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Thermal cameras segment to account for the largest share of thermal imaging market during the forecast period

On the basis of product types, the thermal imaging market has been segmented into three categories—thermal cameras, thermal scopes, and thermal modules. The thermal cameras segment held the largest share of the thermal imaging market in 2020 and is expected to continue this growth during the forecast period. Several reasons, such as an electronic image of high-quality precision produced in less time and the availability in different types (handheld, mounted, and standalone) and various micro-and nano-sizes, contribute to this dominance.

Security and surveillance segment to account for the largest share of thermal imaging market during the forecast period

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

Browse in-depth TOC on "Thermal Imaging Market"

137 – Tables
57 – Figures
220 – Pages

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North America to account for the largest share of thermal imaging market during the forecast period

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

Some of the key companies operating in the market are FLIR Systems (US), Fluke Corporation (US), Leonardo (Italy), L3HARRIS TECHNOLOGIES (US), United Technologies (US), Axis Communications (Sweden), BAE Systems (UK), Opgal (Israel), Testo (Germany), Xenics (Belgium), Thermoteknix Systems (UK), and so on.