Opportunities & Challenges in the 5G Fixed Wireless Access Market

The 5G fixed wireless access market is projected to reach from USD 277 million in 2019 to USD 86,669 million by 2026; it is expected to grow at a CAGR of 135.9% from 2020 to 2026. Increasing adoption of advanced technologies such as machine-to-machine (M2M) and Internet of Things (IoT) and rising use of millimeter-wave technology for 5G fixed wireless access are expected to drive the growth of the 5G fixed wireless access market. However, the high costs of infrastructures and the adverse impact of millimeter-wave technology on the environment act as restraints for the growth of the 5G fixed wireless access markets.

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Increased demand for 5G fixed wireless access networks from different industries, Surged demand for IoT and cloud-based services, and increased focus on development of 5G networks are creating opportunities for the 5G fixed wireless access market. Some of the key companies operating in the market are Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies Co., Ltd. (China), Ericsson (Sweden), Mimosa Network, Inc. (US), Siklu Communication (Israel), Vodafone (UK), Verizon Communications Inc. (US), Inseego (US), and CableFree (UK)and so on.

Huawei Technologies Co., Ltd. provides open, flexible, and secure ICT infrastructure platforms to organizations for high-level connectivity among devices, networks, and the cloud. It focuses on developing new solutions in the 5G fixed wireless access market using its research and development expertise. The company is carrying out the global deployment of 5G solutions increasingly. The company also works with different industry partners to promote 5G-enabled networks. By collaborating with partners in the 5G fixed wireless access ecosystem, it strives to inspire innovations in organizations. Huawei Technologies Co., Ltd. has built over 1,500 networks in collaboration with various telecom operators. The company, along with its partners, serves government and public utilities, as well as enterprise customers in finance, energy, transportation, and manufacturing sectors.

Ericsson is a global provider of telecom services and equipment. It operates globally through 4 business segments—Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers mobile and fixed communication products and solutions. The Digital Services segment offers software and services for monetization and management systems (OSS/BSS), telecom core (packet core and communication), cloud and network function virtualization (NFV) infrastructures, and application development and modernization. Ericsson has adopted the strategies of agreements and collaborations to work with the key industry players and develop 5G products. For instance, it collaborated with Malaysia-based Celcom Axiata Berhad to deploy 5G networks in Malaysia. The company developed a 5G NR prototype to support its 5G networks. Ericsson has its presence in almost all regions worldwide.

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Nokia is one of the leading companies offering networking and telecommunications equipment in the world. It has a presence in over 100 countries. The company addresses the requirements of mobile and cable operators through its fixed access product portfolio, IP routing solutions, and optical networks. The fixed wireless access portfolio of Nokia is expected to connect rural and suburban areas. This portfolio includes both indoor and outdoor solutions that deliver similar fixed access performance with guaranteed bit rates and reliable coverage. The company has 2 major solutions for 5G fixed wireless access, namely, FastMile and Wireless PON. The FastMile solution, a wireless fixed access alternative, extends broadband to new areas to bring the Internet to every household. It maximizes broadband system capacity and provides guaranteed high throughput in large service areas in high-frequency bands ranging from 1.8 GHz to 3.7 GHz.

RTLS Market in Healthcare Witness the Highest Growth during the Forecast Period

The Real-time location systems (RTLS) market for healthcare is expected to grow fromUSD 1.4 billion in 2020 to USD 3.9 billion by 2025; it is expected to grow at a CAGR of 23.0% during the forecast period. The RTLS market for healthcare has been witnessing significant growth over the past years, mainly owing to the high adoption of RTLS solutions in hospitals and growing adoption in emerging use cases.

However, the COVID-19 outbreak is likely to result in a decline in the growth rate of the RTLS market for healthcare, especially in 2020 and 2021. This is mainly because COVID-19 has led to healthcare organizations dedicating a major part of their funds toward the procurement of medical equipment and other resources required to combat COVID-19. As RTLS solutions do not fall under the essential resources category required for COVID-19 treatment, this factor is expected to hinder the penetration rate of RTLS technology in the short run. Additionally, COVID-19 has also disrupted the supply chain of the RTLS market for healthcare, which is hindering the manufacturing, distribution, and installation of RTLS solutions.

The software segment is expected to witness the highest growth during the forecast period. Organizations or companies using RTLS solutions are expected to regularly spend a significant amount on support and maintenance services; hence, the market for services is expected to grow at the highest CAGR during the forecast period.

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The market for ultra-wideband (UWB)technology-based RTLS solutions is expected to witness significant growth during the forecast period. UWB technology-based RTLS solutions provide more accurate data than RTLS solutions based on other technologies. UWB technology can support locating objects down to the range of a few centimeters. This is highly beneficial in high-intensity operations in the healthcare vertical. The rapid decline in the prices of UWB tags has also resulted in the high implementation of these tags in RTLS solutions.

The market for senior living facilities is expected to grow at a higher CAGR  between 2020 and 2025. The need to provide a higher level of safety and comfort to residents would drive the market growth during the forecast period. In addition to North America, other regions such as Europe and APAC are also adopting the senior living facility trend.

Among all regions, the RTLS market  for healthcare in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan, Australia, and South Korea are expected to contribute to the growth of the RTLS for the healthcare market in APAC.

Key players in the RTLS market for healthcare are grabbing opportunities by launching new products. Besides, product launches, partnerships, agreements, and collaborationswere a fewof the other strategies adopted by companies in this market to strengthen their market position.

Smart Clothing Market is Expected to Hold the Largest Share during the Forecast Period

The Smart clothing market is estimated to be valued at USD 1.6 billion in 2019 and is projected to reach USD 5.3 billion by 2024; it is expected to grow at a CAGR of 26.2%. Rising demand for monitoring bodily activities through sensors and increasing the adoption of smart clothes for various end-user industries are expected to fuel the growth of the smart clothing market during the forecast period.

Smart clothing monitors the wearer's physical condition. Smart shirts bodysuits, pants, and undergarments are some of the products that provide biometric data, such as pulse rate, temperature, muscle stretch, heart rhythm, and physical movement; this data is transmitted via Bluetooth to an app in real-time. The integrated technology monitors the material conditions of the user and uses big data analytics to predict and show the results. Also, smart clothing technologies can sense and monitor environmental conditions, as well.

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Smart clothing market for active smart textiles is expected to hold the largest market share during the forecast period. Vibrant smart textiles can sense and react to the stimuli; this has increased their usage in many applications in most of the end-user industries. For instance, phase-change materials are used for heat storage and transfer. This type is used to produce outfits used in sports, fire fighting, defense (bulletproof jackets), and other professions. Textile products can be made more comfortable when a textile material can react to the environment. Thus, the market for active smart textiles has proliferated in recent years.

Smart clothing market for upper wear product type is expected to hold the largest share during the forecast period. A smart t-shirt can provide biometric data such as heart rate, breathing rate, and muscle activity, which are used to optimize performance and execute workout plans professionally. Textile-integrated sensors have the potential to equip everyday clothes with smart capabilities, making the detection of body movements accessible during normal life activities. Hence, upper wear products is expected to boost the market during the forecast period.

The military & defense end-use industry is the largest adopter of smart clothes. Textile-based materials equipped with nanotechnology and electronics have a key role in the development of technologically advanced military uniforms and materials. Smart clothing has become a key component in the creation of new military uniforms designed to improve the health of the soldier while providing field insight. Hence, the demand for smart clothes in military & defense is expected to boost market growth during the forecast period.

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Smart clothing market in APAC is expected to grow at the highest CAGR during the forecast period. China is a major contributor to the growth of the market. The region has become a global focal point for significant investments and business expansion opportunities. The country's aggressively developing economy is driving the growth of the smart clothing market in this region. Other than China, countries such as South Korea, Japan, and India are involved in the manufacturing of smart clothes, which acts as another booster to the growth of the market.

Major Trends in the Wearable Fitness Technology Market

The wearable fitness technology market was worth USD 5.77 billion in 2016 and USD 12.44 billion by 2022, growing at a CAGR of 13.7% from 2016 to 2022. The market is likely to witness rapid growth in the coming years driven by consumer preference for sophisticated gadgets, increasing popularity of wearable fitness and medical devices, growing popularity of the Internet of things, increasing awareness about fitness and rise in disposable incomes in developing economies.

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Major trends in the wearable fitness technology market include smartphone applications (apps) and advanced data analysis, advanced sensors, integration and implantation of technology with and in the human body, and specific-purpose wearables. Companies are developing advanced apps with advanced data analysis features. Companies may charge monthly subscription fees for premium data analysis and reports. Also, they are focused on developing advanced sensors that track not only accurate metrics but also qualitative attributes such as stress level and athletic performance. In the future, wearable fitness technology would make a way to the development of implanted technology which will have complete integration and implantation with and in a human body.

Fitness technology has evolved significantly with the advent of wearable technology products such as smartwatches and wristbands. Wearable fitness technology has gone beyond just smartwatches and wristbands with new products such as smart shoes, smart apparels, headbands and more. This growth is largely driven by the popularity of wristwears such as wristbands and smartwatches.

Smartwatch, wristband, and smart shirts/jackets to drive market growth

Smartwatch

Smartwatches and other wrist wearable computing devices have been around for quite some time. Often, the market has anticipated the launch of smart watches and wrist wearable devices which are sophisticated and sleek, but they have mostly gone in vain. Of all the gadgets that have ever failed to take off, smart watches are among the most unsuccessful ones. Microsoft Corporation’s (U.S.) SPOT watches and Fossil Inc.’s (U.S.) Palm OS-based Wrist Personal Digital Assistant (PDA) are some of the examples which failed to capture a large market size. However, in the last few years, their market has improved and companies such as Apple Inc. (U.S.) and Samsung Electronics Co., Ltd. (South Korea) have come up with successful introductions of such devices. Wearable computing devices run on a modified version of the Android operating system with a 667-MHz CPU and up to 32GB of storage. It also has other specifications such as GPS, Bluetooth, Wi-Fi, accelerometer, activity tracker, and magnetometer. The device comes preloaded with several apps, and additional apps can also be downloaded from the micro app store or loaded over USB.

Wristband (Smart Bracelet)

Smart wrist bands or bracelets not only enhance the aesthetic sense but are also used as fitness devices, monitoring the wearer’s heart rate and other metrics. A number of smart wristbands have hit the market in recent years such as Nike FuelBand, Jawbone’s UP, Fitbit’s Flex among others. Wristbands measure time, heart rate, calories, and steps with the help of an accelerometer to measure movement. Some of the wristbands use galvanic skin response (GSR) sensors to measure the body temperature and the amount of heat that has dissipated from the body to determine the amount of energy used. In August 2014, the U.S. Patent and Trademark Office (USPTO) granted 58 new patents to Apple, Inc. (U.S.) for a wireless communication technology that could be used with medical wristbands. This patent is for the invention that has the ability to collect and use microwave energy gathered through an antenna, while also wirelessly communicating with other devices such as smartphones and tablets.

Smart shirts/jackets

Fabrics and clothes are being transformed into wearable technology products because of the advancements in the field of textiles and electronics. Smart textiles with embedded electronics have already hit the market for display-embedded shirts and gowns. E-textile, with electronics in textile itself, is being commercialized. Many events showcasing fashion and electronics such as the 6th International Conference on the Future Technical Textile, 2014 hosted at Istanbul, Turkey, and the Smart Textiles, and Fashion Track, 2015 held at London, U.K. have shown promising developments. Such events help promote the emerging trend of techno-fashion clothing that gets an electrifying makeover; the clothing that brings electronics closer to skin.

5G Chipset Market Size Forecasted to Reach Valuation of USD 67.2 Bn in 2027

The 5G Chipset Market is expected to grow from USD 12.8 billion in 2020 to USD 67.2 billion by 2027, at a CAGR of 26.7%. The major factors driving the growth of the 5G chipset market are the growing demand for high-speed internet and broad network coverage, increasing cellular IoT connections, and an increase in mobile data traffic. However, the high cost of the 5G chipset is expected to restrain the growth of the market.

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RFIC segment to witness the highest growth in 5G chipset market in coming years

RFIC will play an integral role, especially in 5G networks, in the production and commercialization of consumer electronic devices, next-generation base stations, and other radio access products. It is developed to reinforce the overall performance of the 5G base station in terms of high efficiency and compact form factors.

10 to 28 nm to account for the largest share of 5G chipset market during the forecast period

Advancements in the fabrication process are supporting the improvements in ICs, which has made electronic devices smaller and more power optimized. The 5G chipset market by process node has been segmented into less than 10 nm, 10–28 nm, and above 28 nm. Some of the major process nodes on which 5G chipset components such as modems and RFICs are manufactured include 5 nm, 7 nm, 10 nm, 14 nm, 28 nm, 45 nm, 60 nm, and so on. 5G chipsets with process node between 10 and 28 nm mostly include baseband processors for 5G infrastructure and RFIC components.

24–39 GHz to grow at highest CAGR in 5G chipset market from 2020 to 2027

This frequency band is also called the mmWave frequency band and is capable of offering ultra-high-speed mobile broadband 5G service. This spectrum is likely to play a key role in supporting the burgeoning mobile data traffic growth. High bandwidth offered by this spectrum and the improving participation of telecom service providers in this spectrum are fueling the growth of the 24–39 GHz frequency band.

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Mobile devices to hold the largest share of 5G chipset market during the forecast period

 

Smartphones and tablets will be the key attraction in the consumer electronics market for 5G network. With the implementation of 5G network, customers can access and download data at high speed. In 5G smartphones, 5G-enabled ASICs are implemented. Increasing use of smartphones to drive the demand for 5G chipsets; however, chipset manufacturers are working on developing 5G chipsets for other mobile devices too.

 

APAC to witness the highest CAGR of 5G chipset market during the forecast period

 

The 5G chipset market in APAC is foreseen to grow at a significant rate. The growth of the 5G chipset market in APAC is mainly driven by increasing developments (such as R&D activities, investments, and partnerships among companies) related to 5G in countries such as Japan, China, and South Korea. 5G has been launched in 9 countries, and 12 others have planned to roll out in the near future in Asia Pacific. China is one of the major countries involved in the development of 5G network infrastructure. The Chinese government has been quick off the mark in coordinating and stimulating 5G research in China.

 

Major players in the 5G chipset market are Qualcomm, Inc. (US), Intel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Qorvo, Inc. (US), Huawei Investment & Holding Co., Ltd. (China), Xilinx, Inc. (US), Analog Devices, Inc. (US), NXP Semiconductors N.V. (Netherlands), Marvell Technology Group (Bermuda), Broadcom Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Renesas Electronics Corporation (US), Infineon Technologies AG (Germany), Anokiwave (US), MACOM Technology Solutions Holdings Inc. (US), and Unisoc (Shanghai) Technologies Co., Ltd. (China).

Machine Safety Market to Witness Robust Growth Machine Learning and Nanotechnology

The machine safety market is expected to be valued at USD 4.5 billion in 2020 and is projected to reach USD 6.0 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Key factors driving the demand for machine safety systems include strict machine safety mandates, and high requirements for reliable safety systems to ensure personnel and asset protection.

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The presense sensing safety sensors component is projected to to hold largest market share of machine safety market from 2020 to 2025

The presense sensing safety sensor market is expect to hold the largest market share owing to the need for security requirements for protecting workers and production units from any accidents mandated by the strict machine safety regulations based on the national and international standards. Moreover the factors such as the rise in machine revolution 4.0, increasing need for safety light curtains in the packaging industry powered by robotics, and rising incidents of accidents in industries are driving the demand for presence sensing safety sensors of machine safety market.

The machine safety market for food & beverages industry is projected to grow at the highest CAGR during the forecast period.

The machine safety systems are widely adopted by food and beverage giants to increase production precision and flexibility. Machine safety helps in achieving greater operational transparency across production lines and in ensuring compliance with regulations. The food & beverages industry strives to achieve high quality and consistent production at a low price. This can be achieved by making food & beverages plants more safe, flexible, and profitable by choosing an integrated approach of automated safety control systems such as machine safety solutions. Further, as companies are becoming more aware of regulations, which are becoming more stringent, there is an upsurge in demand for machine safety systems to achieve safe and efficient operations in food & beverage manufacturing plants.

The machine safety market in Europe is projected to hold the largest market share of machine safety during the forecast period.

Europe is the largest markets for machine safety systems as machine safety standards are strictly followed within the European Economic Area (comprises all European Union countries). The safety standards and directives present in the region restrict the supply and operation of machinery that do not meet the regulatory requirements. The machine safety requirements are stringent in the European region, which are driving the growth of the market.

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Key Market Players

The machine safety players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, contracts, partnerships and, business expansions, to strengthen their offerings in the market. The major players are ABB Ltd. (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), General Electric Co. (US), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), Keyence Corporation (Japan), Mitsubishi Electric Corporation (Japan), Pilz GmbH & Co. KG (Germany), Sick AG (Germany), Balluff GmbH (Germany), and Banner Engineering Corp. (US) were the major players in the machine safety market.

HVAC Controls Market Growth 2025, Industry Size, Demand, Emerging Trends, Opportunities

Heating, ventilation, and air conditioning (HVAC) systems help in regulating the indoor and vehicular environmental comfort to provide thermal comfort and acceptable indoor air quality. However, in order to regulate the efficiency of these systems, control systems are needed. The HVAC controls industry is in the middle of a very interesting transition.

The HVAC controls market size is expected to be valued at USD 14.8 billion in 2020 and is projected to reach USD 24.4 billion by 2025; it is expected to grow at a CAGR of 10.5% from 2020 to 2025. The major factors driving the growth of the market include consolidating trend of smart homes, accelerated further by COVID-19 situation to boost HVAC controls market growth, boom in the construction sector, emergence of IoT-enabled HVAC systems, and the need to achieve energy efficiency in buildings. However, complexities in upgrading existing HVAC systems pose challenges for market growth.

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The market for temperature control system segment is expected to witness the highest CAGR from 2020 to 2025 within the global HVAC controls market. The temperature control system segment holds the largest share of the overall HVAC controls market, as the cost of temperature control systems is low. These systems also have a large number of applications. A ventilation control system controls the flow of fresh and stale air within an enclosed environment. The implementation of ventilation control systems is limited to buildings and houses where using a natural ventilation medium is not feasible. Owing to this, the growth rate of ventilation control systems is comparatively lower than other HVAC control systems.

The HVAC controls market for commercial application segment held the largest size of the HVAC controls market in 2019. The commercial applications of HVAC controls include shopping malls, educational institutions, and healthcare institutions. The rise of globalization and the increase in investments in developing profitable commercial infrastructure that includes building automation systems and controls have contributed to the growth of the HVAC controls market for commercial applications. The growing tourism industry in APAC and RoW has accelerated the growth of the commercial infrastructure, wherein HVAC controls are installed to ensure guest comfort. Moreover, growing investments by governments for the construction of commercial spaces is another crucial factor that will propel the growth of the HVAC controls market. The COVID-19 outbreak has impacted the supply chain of HVAC controls and the components such as sensors and controlled equipment, which has resulted in shipment delays in the US, Germany, and Australia. Due to these delays, manufacturers are not able to meet the deadlines for claiming tax credits. This current uncertainty about the ability to qualify for tax incentives is expected to have substantial negative impacts on the HVAC industry.

The HVAC controls market in APAC is expected to grow at the highest CAGR during the forecast period. APAC has been a major contributor to the growth of the overall HVAC controls market as this region has a huge market for the construction industry, which is the primary end user of HVAC controls. The growing population in developing countries in this region, along with environmental awareness, is supporting the adoption of HVAC controls. The rise in the adoption of green buildings and government initiatives to regulate energy-efficient practices across the commercial sector is also aiding the adoption of HVAC controls in this region. However, the APAC market is expected to see a dip owing to the halt of both ongoing as well as new infrastructure and construction projects due to COVID-19. Also, as the pandemic has also affected individual per capita income, the adoption of new HVAC systems in the residential segment has significantly decreased. However, this loss is expected to be recovered in the coming years with a gradual recovery of the country’s overall economy.

EMC Shielding and Test Equipment Market Analysis, Current Trends, Price, Demand, Forecast to 2025

The global EMC shielding and test equipment market size was valued at USD 6.4 billion in 2020 and is projected to reach USD 8.2 billion by 2025; it is expected to grow at a CAGR of 5.2% from 2020 to 2025. The growth of the EMC shielding and test equipment market is majorly driven by surging demand for consumer electronics, increasing electromagnetic pollution, and ongoing demonstration of field trials and pilot tests to manifest the viability of 5G technology.

Conductive coatings & paints is expected to account for the largest share of the EMC shielding market in 2020, followed by conductive polymers; a similar trend is likely to continue in the near future. The integration of various electronic equipment and systems in vehicles is driving the growth of the market for conductive coatings & paints. They are widely used to provide EMC shielding in automotive applications owing to their high shielding capability and greater resistance against EMI compared to other materials.

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IT and telecommunications is expected hold the largest share in the EMC test equipment market during the forecast period. Ongoing developments in the telecom sector and the widespread demand for wireless technologies by both domestic as well as commercial end users are creating opportunities for efficient EMC shielding with prescribed standard regulations according to the countries the companies operate in. Consequently, the growing demand for EMC shielding solutions is currently driving the market for EMC test equipment for this application.

EMC shielding and test equipment market in APAC is expected to grow at the highest CAGR during 2020−2025. The ever-increasing use of electronic systems in the automotive industry, ongoing advancements in wireless cellular infrastructure, and rising demand for consumer electronic products are expected to fuel the demand for EMC shielding solutions and test equipment in APAC. Mobile data services are also growing rapidly in APAC due to the fact that mobile operators have reduced the prices of their services to extend them to maximum end users. APAC has become a world leader in digital platforms. It has 2 of the most densely populated countries in the world. Due to its large population, the adoption of smartphones or other wireless devices and services is high in this region.

Intelligent Power Module Market - Key Findings in the Segments, Region, Latest Trends

The intelligent power module market was valued at USD 1.6 billion in 2020 and is projected to reach USD 2.7 billion by 2025. It is expected to grow at a CAGR of 12.2% during the forecast period. Growing focus of worldwide governments on generating power using renewable sources, rising adoption of electric vehicles globally, increasing use of IPMs to improve system reliability and performance, and surging utilization of IPMs in the personal computing applications owing to their compact design and increased energy efficiency are the key driving factors for the intelligent power module market.

IPM with current rating up to 100 A to account for a largest share of the intelligent power module market by 2025

IPMs with a current rating of up to 100 A suffice the purpose of domestic applications, which comprise daily use appliances such as washing machines, air conditioners, and dishwashers. Such IPMs are manufactured by all major players, such as Mitsubishi Electric Corp. (Japan), Fuji Electric Co., Ltd. (Japan), ON Semiconductor Corporation (US), and Infineon Technologies AG (Germany). The key target segment of these IPMs is the consumer electronics sector. Some of the benefits of these IPMs are the cost savings from a smaller footprint and reduced PCB space. Easy implementation of 2- or 3-phase motor drives with half-bridge IPMs and half-bridge configuration enables a more flexible board design with better thermal performance.

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IGBT intelligent power modules accounted for the largest market share in 2019

IGBT-based IPMs combine the advantages of low-loss, high-speed IGBTs with protection circuitry and optimized gate drive. The switching time of IGBT IPM is faster than bipolar transistors but slower than that of MOSFETs. These IPMs continuously monitor the power device current by using IGBT chips with advanced current sensing capabilities. The gate (base) drive circuit is simple. The modules also provide undervoltage lockout protection and overtemperature protection. IGBT-based IPM modules are available across all the current and voltage rating categories. Manufactured by all the key players in the market, IGBT-based IPMs have seen continuous improvements in packaging, power chip, and control chip technology. IPMs using 600 V IGBTs are used in consumer and industrial applications for driving fans, pumps, and compressors.

Industrial vertical accounted for the largest market share in 2019

Industrial is among the key verticals for the IPM market. In 2019, this vertical held ~46% share of the overall market. The industrial segment comprises industrial manufacturing, process industries, and energy & power industry. Industrial devices, such as pumps, conveyors, compressors, cranes, winders, extruders, and rollers, use powered modules for controlling and protecting the circuitry. Processes such as electroplating, electrolysis, welding, lighting, induction heating, and other industrial operations employ power modules to use electric power efficiently and safely. The ease of manufacturing has led to the availability of these devices in a vast range of current ratings and high voltage ratings. IPMs control almost all the motors employed in rolling mills, textile mills, and cement mills.

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

APAC is expected to hold the largest share of the intelligent power module market in 2020. China is the world’s largest producer and end user of consumer electronics devices, such as smartphones, tablets, and home appliances. The increasing need for power management in consumer electronics products is fueling the demand for intelligent power modules in the consumer electronics vertical.

Industrial automation and the need for efficient use of power for various industrial applications are further driving the demand for power electronics devices in the industrial vertical. Renewable energy generation is one of the key revenue pockets for the intelligent power market in APAC. Governments in multiple countries of the region are motivating the shift toward renewable energy generation, mainly photovoltaics or solar, through offers and subsidies.

Key Market Players

Include Mitsubhishi Electric (Japan), ON Semiconductor (US), Infineon Technologies (Germany), Fuji Electric (Japan), and Semikron (Germany), are among the major players in the intelligent power module market.

Solid State Relay Market - Key Findings in the Trends, Drivers, Regions

The global solid state relay market size is projected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025; it is expected to grow at a CAGR of 6.6% from 2020 to 2025. The growth of the solid state relaysmarket is majorly driven by growing adoption of high-tech electronics and automation in consumer electronics industry, increase of overall revenue projection of the semiconductor industry despite the outbreak of COVID-19, increasing complexity in automobile circuits of electric vehicles, and robust features of solid state relays.           

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The panel mount segment is expected to account for the largest share of the solid state relay market in 2020. followed by PCB mount; a similar trend is likely to continue in the near future. The increasing application of panel mount SSRs in the industrial automation and energy & infrastructure segments is expected to support the growth of the market during the forecast period. The panel mount SSR is the simplest form of SSR, which is also easy to assemble and change, if necessary. These features make it the primary choice for a majority of electrical equipment for switching and safety applications.

Industrial automation is expected hold the largest share in the solid state relay market during the forecast period. The growing use of solid state relays in conveyor systems and elevators is fueling the growth of the solid state relay market for industrial automation. SSRs offer zero arcing, fast switching, along with long life, low maintenance, and resistance to shock and vibration. These unique properties of SSRs make them a preferred choice over electromechanical relays for industrial automation applications. With demand dropping and more economic uncertainty ahead due to COVID-19, many automation companies are already delaying the purchases of new machinery, postponing scheduled upgrades, or canceling existing orders.

Solid state relay market in APAC is expected to grow at the highest CAGR during 2020−2025. The rapid growth of the automotive, food & beverage, building equipment, and manufacturing industries in emerging economies such as China, Japan, India, and South Korea is contributing to the growth of the solid state relay market in APAC. The rapid growth of the automotive, food & beverage, building equipment, and manufacturing industries in emerging economies such as China, Japan, India, and South Korea is contributing to the growth of the solid state relay (SSR) market in APAC. The impact of COVID-19 in the region has led to a significant drop in the demand for transportation connectivity, which has correspondingly declined the investments in the associated sector. This is expected to impact the supply chain of solid state relays in the region.

USD 13.4 Bn Opportunity in Wireless Charging Market by 2026

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.

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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.

USD 4.6 Bn Opportunities in Head-up Display Market by 2025

The Head-up Display Market is projected to grow from USD 1.3 billion in 2020 to USD 4.6 billion by 2025; it is expected to grow at a CAGR of 28.5% from 2020 to 2025. The increase in awareness about passenger and vehicle safety, the convenience offered by a combination of satellite navigation technology & HUD system, increasing demand for connected vehicles, increasing demand for technologically advanced HUDs, and growth of the augmented reality market are the key factors driving the head-up display market growth.

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Projector units to lead the head-up display component market during the forecast period

The projector is a major part of HUD as it projects the information on a transparent windshield. In early HUDs, refraction was used for projecting images in the projector, whereas in modern HUDs, reflection is used to project the image. Projection units use cathode ray tubes, LEDs, or liquid crystal displays to project the image. Projection units can be adjusted either below or above combiners. Projector projects image through the laser beam. Projector units are expected to lead the overall head-up display market.

Market for AR-based head-up displays projected to grow at a higher CAGR during the forecast period

Technological advancements, as well as increasing consumer demand for advanced safety functions, are expected to drive the AR-based HUD market. Monitoring multiple in-vehicle displays while driving can trigger mishaps on the road. To reduce cognitive workload while driving, AR-based HUD systems can reduce distraction and make driving safer. Driver information, assistance, and attention management can be viewed, along with real-time traffic conditions, on the windshield in the driver's line of sight.

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APAC to lead the head-up display market during the forecast period

APAC is expected to exhibit strong growth in the next few years owing to the significant contribution of Japan, China, and South Korea in the growth of HUD market. The strong growth of the automotive application in China and Japan is projected to boost the automotive market in the APAC region.

Major vendors in the head-up display market include Bosch (Germany), Nippon Seiki Co., Ltd. (Japan), Continental AG (Germany), Visteon Corporation (US), Denso Corporation (Japan), Panasonic Corporation (Japan), BAE Systems (UK), Pioneer Corporation (Japan), Yazaki (Japan), and Garmin (US).

Medical Electronics Market Size - Global Forecast to 2026

According to MarketsandMarkets, Medical Electronics Market is expected to reach USD 8.8 billion by 2026 from USD 6.3 billion in 2021, at a CAGR of 6.9% during 2021-2026 period.

The rapid growth of the global medical electronics market is attributed to the some of the driving factors such as the aging population and increasing life expectancy , increasing adoption of IoT-based smart medical devices, escalating demand for portable medical devices and wearable electronics, growing use of radiation therapy in diagnosis and treatment of diseases and existing favorable healthcare reforms and financial assistance by governments for senior citizens.

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Sensors to hold largest market share during forecast period in the medical electronics market

Sensors accounted for the largest market size for different components in the medical electronics market. The reduction in the size of sensors and the adoption of MEMS technology has opened new application areas for sensors, thereby surging the demand for these sensors. The market for flow sensors is projected to grow at the significant rate during the forecast period owing to the rising demand for ventilators, respiratory systems, and other life support systems due to COVID-19.

 

Minimally invasive medical devices is expected to witness the highest growth rate during the period 2021 and 2026

The minimally invasive medical devices are expected to show the highest growth rate during the forecast period. Minimally invasive medical devices have transformed surgical procedures by reducing the size of the incision, shortening or eliminating hospital stays, and improving recovery time and overall outcome of the patients. Minimally invasive procedures involve the use of laparoscopic, endoscopic, or catheter-based solutions, which are becoming more common.

 

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Americas to hold largest share of medical electronics market during forecast period

The Americas holds the largest share in the global medical electronics market. The major factors driving market growth include the increasing adoption of connected medical devices, the growing use of technologically advanced medical imaging devices, the rising influence of disruptive technologies such as IoT and AI in the healthcare sector. Factors such as the rise in the geriatric population, presence of advanced healthcare infrastructure, and high healthcare expenditure are supporting the growth of the medical electronics market in the Americas.

The report profiles key players such as Analog Devices (US), Texas Semiconductor (US), TE Connectivity (Switzerland), Medtronic (Ireland), ST Microelectronics (Switzerland), NXP Semiconductor (Netherlands),Cypress Semiconductor Corporation (US),Maxim Integrated Products (US),ON Semiconductor Corporation (US),Renesas Electronics Corporation (Japan),and Microchip Technology (US).

Micro Server IC Market Share – Global Forecast to 2026

The micro server IC market is estimated to be USD 1.2 billion in 2021 and is projected to reach USD 2.2 billion by 2026; it is expected to grow at a CAGR of 12.6% from 2021 to 2026.

Some of the key driving factors of the Micro server IC market are low power consumption and low space utilization of micro servers, growth in the trend of cloud computing and web hosting, and emergence of hyperscale data center architecture.

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Hardware segment of micro server IC market to hold highest market share during the forecast period

Hardware is expected to constitute the largest market share of micro server ICs during the forecast year. Since hardware constitutes the main part of an SoC, companies such as Intel and ARM are working toward increasing the capability of their ICs by making the architecture denser and more efficient. Rising adoption of micro servers for dedicated hosting, front-end web, big data workloads, content delivery network, computing applications, and low space and application-specific functionality drive market growth. Moreover, the emerging edge computing ecosystem, namely the provisioning of advanced computational, storage and networking capability near data sources to achieve both low-latency event processing and high-throughput analytical processing, is expected to drive the market for micro server hardware in the coming years.

Egde computing application to hold highest CAGR in micro server IC market from 2021 to 2026

Edge computing is one of the emerging applications for micro server ICs and is expected to hold the highest growth rate during the forecast period. The implementations of hyperscale cloud and growing investments in IoT have pushed edge computing into further limelight. As organizations strive to remain competitive in the digital business era, especially in a post-pandemic world, edge computing is a new enabler of customer insights and retention. Independent software vendors, system integrators, and enterprises will look to build cloud-independent solutions which will drive edge computing applications. Additionally, the growing adoption of 5G solutions will offer reduced latency and a way to connect the rising number of edge devices, particularly in the consumer space. There has been the rising need for edge computing for applications such as connected and autonomous vehicles, smart manufacturing and IoT, and smart cities. It has spurred the growth of edge data centers, and the rising importance of compact servers due to space constraints provides opportunity for micro servers.

Enterpise end user segment to hold highest market share during the forecast period

The enterprise end-user segment of the micro server IC market is expected to hold the highest market share during the forecast period. With the growth of smartphones, social platforms, big data, and IoT, the quantity and diversity of data has become huge. Managing dense workloads, ramping up data storage and security, upgrading legacy systems, and accommodating the technology demand a mobile workforce. Therefore, it has become important to modernize IT infrastructure, especially servers, to make them easy to manage and completely secure—whether critical applications and data are hosted on-site or in the cloud. Small and medium enterprises need server platforms that not only address current needs but also seamlessly handle future workloads, while lowering costs. Micro servers utilize lower power per node, reduce costs, and increase operational efficiency which makes them an ideal choice for medium-size enterprises.

Micro server IC market in APAC to grow at the highest rate from 2021 to 2026

APAC is expected to grow at the fastest rate for the micro server IC market owing to the presence of countries with large populations and rising adoption of micro servers across small and medium enterprises. The increasing penetration of internet services, along with the adoption of smart devices, has been fueling data generation. This further fuel the expansion of data centers in the APAC region. Rising importance of micro servers due to low power consumption and cost-effective solutions can be used for light load applications in data centers, which also drives the growth of the market. Data centers have become the hotspot of the IT market in China in recent years. China plans to invest an estimated USD 1.4 trillion over 6 years to 2025, in collaboration with government and private technology giants such as Alibaba and Huawei to generate opportunities for connected devices, AI, and autonomous driving applications, which will further drive edge computing applications.

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Key Market Players

The Micro server IC marketis dominated by players such as Intel Corporation (US), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), Quanta Computer Inc. (Taiwan), and NVIDIA Corporation (US).