APAC to Create an Opportunity for the Waterjet Cutting Machine Market

The waterjet cutting machine market is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026; it is expected to grow at a CAGR of 6.2% from 2021 to 2026.

The key factors fueling the growth of the waterjet cutting machine market include high operational excellence, rise in adoption of waterjet cutting machines across industries, and growth of the automotive industry. Additionally, an increase in demand for waterjet cutting machines from industries in APAC is expected to create an opportunity for the waterjet cutting machine market.

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The abrasive segment to hold the largest size of waterjet cutting machine market by 2026

The abrasive waterjet cutting machines use abrasive materials in the high-pressure waterjet to cut the materials. These machines are used for cutting applications such as glass, metal, stone, and tile cutting. They are used in industries such as aerospace & defense, automotive, and metal fabrication.

The automotive to account for the largest size of the waterjet cutting machine market in 2021.

Waterjet cutting machines are used for the interior and exterior cutting of headliners, carpets, liners, dumpers, door and instrument panels, seats, composite parts, and castings of vehicles. The use of waterjet cutting machines improves the flexibility of cutting equipment and enables ease with automation for the automotive industry, which drives the growth of the waterjet cutting machine market for this industry.

North America projected to be the largest market for a waterjet cutting machine from 2021 to 2026

The region has witnessed rapid growth in industries such as automotive, electronics, food, and aerospace. The growth in this market can be attributed to the large industrial base and high production capacity of companies in the country. The US is one of the largest automotive markets in the world and is home to several auto manufacturers, which is driving demand for waterjet cutting machines used for cutting headliners, door panels, carpets, liners, dumpers, composite parts, and castings. Additionally, industries such as aerospace & defense, and food provide good opportunities for waterjet cutting machines as they are used for cutting various materials.

Key Market Players

Lincoln Electric (US), Techni Waterjet (Australia), KMT (US), Colfax (US), Waterjet Sweden (Sweden), Innovative (India), Hornet Cutting System (US), Jekran (Malta), STM waterjet (Austria), International Waterjet Machines (US), Waterjet Corporation (Italy), Swaterjet (China), Foshan Yongshengda Machinery (China), Resato (Netherlands), Accurl (US), LDSA (France), Kimtech (Sweden), Jet Edge (US), Microstep (Slovakia).

Environmental Sensors is expected to grow at the highest CAGR

The global environmental sensor market size is estimated to grow from USD 1.4 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%.

 

The industrial supply chain was disrupted in 2020 as a result of various governments' lockdowns and workforce shortages in these industries as a result of travel restrictions, which would have an impact on the environmental sensor industry.
Despite the fact that the market was affected in 2020, it is predicted to fully recover by 2021. The key driver driving market expansion is rising health-related concerns due to environmental pollution, as well as increasing adoption of environmental sensors in consumer electronics and residential sectors. 

 

Likewise, the use of environmental sensors in various applications and verticals due to stringent environmental regulations imposed by various governments to reduce air pollution and ongoing technological advancements in environmental sensors is expected to propel the demand for the said market during the forecast period.

 

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There have been several events in the past that have raised concerns about the health and safety risks associated with the release of hazardous gases into the atmosphere. The Environmental Protection Act of 1986, enacted in the aftermath of the Bhopal Gas Disaster of 1984, has expanded the use of environmental monitoring systems in India. Various types of pollution, including as air, water, land, light, and sound, have increased as a result of global advances. Air pollution is the most dangerous to human health and the most difficult to control of the three. As a result, it must be watched and regulated from all angles. 

               

Air quality sensors in environmental sensor market for type is expected to grow at a higher CAGR during the forecast period. The growth in use of air quality monitoring systems is mainly attributed to rising awareness about indoor and outdoor air pollution levels and taking considerable measures for their control and minimization. Increasing awareness about air pollution among the residential and commercial applications has resulted in the rising adoption of portable air quality monitors and air quality filters. Furthermore, rising installation of weather monitoring stations across various countries is also driving the need the market for air quality sensors. 

 

The environmental sensor market for the portable type of environmental sensors  is expected to grow at the highest CAGR. Portable sensors are mainly used in devices such as portable monitors, wrist bands, fitness bands, smartphones, and tablets. Due to the increasing use of portable sensors in a few fast-growing applications, it is expected that the market for these sensors would grow at the highest CAGR. Increasing awareness about air pollution and rising environmental concerns at indoor as well as outdoor applications has resulted in the rising adoption of portable air quality monitors and air quality filters

 

During the period 2021–2027, the Asia Pacific market is predicted to grow at the fastest rate. One of the primary driving reasons for market growth is rising environmental pollution and health-related concerns, which has raised the usage of environmental sensors. Due to an increase in safety and security concerns across countries, particularly India and China, the industry has a significant growth potential. The greatest end user of HVAC equipment is APAC. Growing building activities and the need for infrastructural developments in various regions as a result of increased population and urbanisation drive the HVAC industry, which in turn drives demand for environmental sensors in APAC.

GaN Semiconductor Devices Size, Share, Growth, Demand 2026

The GaN semiconductor device market is estimated to be USD 19.4 billion in 2021 and is projected to reach USD 24.9billion by 2026, at a CAGR of 5.2% during the forecast period.

The key factors fueling the growth of this market include 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.

The GaN market has promising growth potential due to several factors, including the potential use of GaN in 5G infrastructure, applications of GaN in electric and hybrid electric vehicles, rise in demand for data centers, laptops, and tablets triggered due to COVID-19, and the increasing adoption of smart factories further propelled by COVID-19.

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Countries in the North America and APAC region have also witnessed increasing adoption of GaN semiconductor device products for various applications which hasaided in the growth of GaN industry. The high demand for power electronics and RF transistors in automotive, aerospace and defense, consumer and enterprise, and telecommunications sectorin these regions is driving the growth of the GaN semiconductor device market. Advancements in epitaxial growth technology, have led to several developments in the field of GaN, GaN-on-Si, and GaN-on-SiC technologies. All these factors have had a positive impact on the growth of the GaN semiconductor device market. In emerging economies, telecommunication and industrial sector are growing significantly, thereby contributing to the growing demand for GaN products in these sectors.

The GaN semiconductor device market for power semiconductors segment is expected to register the highest market growth during the forecast period, by device type. Advancements in GaN device technology, GaN epitaxial growth, and circuit implementations have led to the development of high-performance GaN power devices, which are perfectly suited for use in high-frequency switching applications in consumer electronics, automotive, and other such enterprise applications. Moreover, the high electron mobility of GaN devices enable them to attain smaller size for a given breakdown voltage and on-resistance when compared to Silicon (Si) semiconductor. These reasons are expected to drive the market growth of GaN power semiconductors in near future.

The power drives segment for GaN semiconductor device market is expected to grow at the highest CAGR during the forecast period, by application. The EV market is growing worldwide with many new market players entering the market. The increasing awareness, as well as growing adoption of EV charging and electric vehicles and increasing renewable energy generation, are the major factors driving the growth of GaN semiconductor device market. Apart from this, a huge demand for motor drives owing to the high efficiency and performance characteristics offered by GaN devices in the high-voltage ranges (above 400 V) is also a factor for the growth of the GaN semiconductor device market.

 

The GaN semiconductor device market in North America is estimated to grow at the second-highest CAGR in terms of value during the forecast period. North America is the hub of research and development activities for GaN semiconductor devices. The majority of the research developments of technologies, devices, and products related to GaN take place in the US. The growing electric and hybrid electric vehicle market is also supporting this growth in North America.

Rising Demand for Smart Appliances Market - Size, Share, Analysis, Growth

The smart appliances market is expected to grow from USD 33.8 billion in 2021 to USD 76.4 billion by 2026; it is expected to grow at a CAGR of 17.7% during the forecast period.

 

The smart appliances market has been witnessing significant growth over the past years, mainly owing to the rising demand for convenience, cost reduction energy consumption by the users, increase in internet penetration is also key factor for driving the demand for smart appliances market.

 

During the forecast period, the smart appliances market's services sector is predicted to develop at the fastest rate. Maintenance and repair services, system integration services, consulting services, and other services are included. These services are adaptable since they may be customised and maximised. Many OEMs provide contract-based direct services. There are also managed service providers and value added resellers (VARs) who have partnered with various hardware and software vendors to offer entire solutions under their own brand names. Continuous support and service ensure that enterprises run smoothly, leading the smart appliances market for services to flourish. 

 

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Smart washers experience a huge demand from both the residential and commercial segments. They have the ability to shift their usage from peak to off-peak periods, thus saving energy and cost. Thus, the demand for smart washers is high in the smart appliances market. The market for smart washers in APAC is expected to grow at the highest CAGR during the forecast period. In 2020, North America held the largest share of the smart washers market.

 

Based on the end-user industry, the residential segment accounted for the largest size of the smart appliances market. The shift to remote working has increased the demand for smart appliances in user’s houses. Further, smart appliances companies are investing more in resources and providing the highest quality of services, which is indirectly helping boost the adoption of more smart appliances products. 

 

The smart appliances market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan, India, and South Korea are some of the key countries driving market growth in APAC. Samsung Electronics (South Korea) and LG Electronics (South Korea) are the key player operating in the smart appliances market.

Rise in Demand for AOI Systems in Consumer Electronics

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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Automated optical inspection (AOI) is an automated visual inspection methodology used primarily to test for defects in printed circuit boards (PCBs). These systems are used to test and evaluate PCBs for potential detection of defects such as soldering defects, component defects, ball grid array (BGA), surface defects, dimensional defects, component placement defects, and chip-scale packaging (CSP) defects. With the advent of miniature electronics and advancements in PCBs, the circuits become more complex, which makes it almost impossible to manually inspect the boards, and thus, AOI plays an important role in checking these boards. It helps attain the desired product quality in the production line by keeping the cost as low as possible. The system is superior and less time-consuming than manual inspection.

The AOI market has historically been subjected to significant growth due to the rise in demand for AOI systems in consumer electronics, automotive, and industrial electronics sectors. However, the outbreak and spread of the COVID-19 pandemic have resulted in a decline in this growth rate.

Based on the type, 3D AOI systems to account a larger share during 2021–2026

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.

Inline AOI systems to grow at a higher CAGR during the forecast period

The inline AOI system is expected to be a larger and faster-growing market during the forecast period. Inline AOI systems offer a higher rate of PCB inspection, which is ideal for electronics manufacturing companies involved in high-volume production. Hence, most large manufacturing companies install multiple inline AOI systems in their production lines to speed up the inspection process. Several key manufacturers are making innovations and developments in inline AOI systems. For instance, in March 2021, Viscom developed the new Heavy Flex handling solution. The Heavy Flex handling options are available for Viscom's S3016 ultra AOI system for optical inline 3D inspection. Also, in June 2020, GOEPEL launched two new AOI systems. The 3D XE series of AOI platforms is characterized by low acquisition costs whilst still delivering full 3D inspection functionality. The series consists of the standalone system Basic Line · 3D XE and the inline system Advanced Line · 3D XE.

Consumer Electronics industry accounted for the largest share of the automated optical inspection market during the forecast period

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.

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

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.

Key Market Players

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) are among the major players in the automated optical inspection market.

EMI Shielding Market accounted for the Largest Size of the Market

The EMI Shielding Market size is projected to grow from USD 6.2 billion in 2021 to reach USD 7.7 billion by 2026; it is expected to grow at a CAGR of 4.4% from 2021 to 2026.

The key factors fueling the growth of this market include surging demand for consumer electronics, increasing electromagnetic pollutions, and ongoing field trials and pilot tests evincing the viability of 5G technology.

APAC is expected to account for the largest share of the global EMI shielding market during the forecast period. In the near future, the presence of huge facilities producing automobiles and consumer electronics will play a key role in the development of the EMI shielding market in the region. The growth of the EMI shielding market in the region is attributed to the increasing use of electronic systems and equipment in automobiles and the rising focus on the deployment of 5G infrastructure.

 

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EMI shielding market for radiation accounted for the larger size of the market in 2020.

By method, the radiation segment dominated the EMI shielding market in 2020. Most electrical and electronic devices radiate electromagnetic signals. Increasing adoption of consumer electronics leads to a significant increase in electromagnetic pollution due to radiation. Hence, all these signals must be kept within tight limits to reduce the level of interference and avoid any damage to the electrical circuitry of a device and degradation in performance.

 

Consumer electronics industry is expected to hold the largest size of the EMI shielding market in 2021.

The consumer electronics industry is expected to hold the largest share of the market in 2021. The proliferation of consumer electronic devices, the availability of advanced products, such as wearable devices, and the need to comply with EMI shielding guidelines are expected to be the major factors contributing to the growth of the EMI shielding market in the consumer electronics industry segment.

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PPG Industries (US), Parker-Hannifin (US), 3M (US), Henkel (Germany), Laird Performance Materials (UK), RTP Company (US), Schaffner (Switzerland), Tech-Etch (US), and Leader Tech (US) are some of the major players in EMI shielding market.

Growth of the Thermal Imaging Market in North America Region by 2026

The global thermal imaging market is projected to grow from USD 3.6 billion in 2021 to USD 4.7 billion by 2026; it is expected to grow at a CAGR of 5.5% during the forecast period.

 

North America held the highest share of the thermal imaging market in 2016, and this trend is projected to continue during the forecast period. Thermal imaging components such as thermal cameras, scopes, and modules are produced in large quantities in the region. The United States is the region's largest contributor, accounting for 89 percent of the total thermal imaging market share in North America. The existence of several manufacturers and distributors, the low cost of thermal imaging components, and rising government spending in the aerospace and defence industry are all contributing to the growth of the thermal imaging market in this region. 

 

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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.

 

Based on product types, 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.

 

Based on applications, 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.

 

Based on verticals, the aerospace & defense vertical generates the highest demand for thermal cameras, scopes, and modules, for security and surveillance applications, especially for people and motion sensing, perimeter security, and tracking objects, humans, or animals. The aforementioned components can operate in undesirable climatic conditions such as smoke, fog, smog, and haze. They are apt devices for security and surveillance and monitoring and inspection applications across day and night. These features and benefits have enabled the aerospace & defense industry to account for the largest market share in 2020 and to expect consistency during the forecast period.

Medical Alert Systems Market Share, Growth, Demand, Analysis

The Medical Alert Systems Market is expected to grow from USD 6.8 billion in 2021 to USD 11.1 billion by 2026; it is expected to grow at a CAGR of 10.3% during the forecast period.

 

The major driving factors for the growth of the medical alert systems market include increase in the geriatric population, increase in adoption of life-saving and tracking systems and the growing inclination of the elderly population towards independent living.  

 

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Two Way Voice Systems technology shows significant adoption during the forecast period.

In the case of an in-home medical alert system, two-way voice systems are primarily comprised of a console unit that is connected to standard landline phones. The console unit comes with a SIM card or has been pre-enabled to connect to a cellular network connection in the cellular network-based system. When a user sends an emergency signal or the sensor detects a fall, the console unit connects to the monitoring centre. Technology advancements have resulted in the development of a smart console unit that communicates via VoIP or 4G LTE for speedier communication. Homes, hospitals and clinics, and long-term care facilities all use two-way voice systems. 

 

PERS (Personal Emergency Response System) to dominate the wireless connection type segment in the market during the forecast period.

The PERS segment accounted for a larger share of the wired medical alert systems market in 2020, and a similar trend is likely to be observed in the coming years owing to the developments in connected devices and adoption of the Internet of Medical Things (IoMT). Advances in medical technology have resulted in the adoption of smart devices with multiple functions to improve the quality of elderly care. This has led to an increase in demand for wired devices among elderly citizens.

 

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Europe to show significant growth in market share in the forecast period

The elderly population in Europe is rising rapidly, and there is a need to manage this aging population. Countries such as Germany, the UK, Italy, and France have more than 20% of the population 65 years and beyond, and it is increasing significantly. Germany accounted for the second-largest market share in 2020, and the market in the country is projected to grow considerably owing to the established healthcare infrastructure, high per capita expenditure on healthcare, and various healthcare initiatives by the government. Other factors for the high demand for medical alert systems are the growing awareness among the elders regarding personal health.

 

Philips (Netherlands), Connected America (US), Valued Relationships (US), Medical Guardian (US), ADT (US) Guardian Alarm (US), Bay Alarm Medical (US), MobileHelp (US), Alert1 (US), and LifeFone (US) are among the key players operating in the medical alert systems market.

Demand for Safety Sensors is expected to Grow at a Higher CAGR from 2022 to 2027

The global functional safety market size is anticipated to grow from USD 5.2 billion in 2022 to USD 7.2 billion by 2027, at a CAGR of 6.8% from 2022 to 2027.

 

With the rise in the implementation of smart machines, the applications of safety components has also increased. Manufacturing industries in Industry 4.0 operate on a large scale and a continuous basis without the necessity of human intervention. Hence, in cases where there is a requirement for human intervention, machines need to have a mechanism to detect human presence and take precautionary actions to avoid accidents. Consequently, the rise of Industry 4.0 drives the growth of the functional safety market.

 

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In functional safety market, the demand for safety sensors is expected to grow at a higher CAGR from 2022 to 2027. The increasing security requirements for protecting workers and production units from any accidents, as per the strict functional safety regulations fulfilling the national and international standards, are driving the demand for these safety sensors. A number of companies such as ABB Ltd., Schneider Electric, Emerson Electric Co., and more, are offering various safety sensors in the functional safety market. For instance, ABB Ltd. offers Eden non-contact safety sensors and sense non-contact safety sensors for process and discrete industries.

 

In systems segment, the market for fire and gas monitoring controls is expected to grow at the highest CAGR  from 2022 to 2027. Fire and gas safety systems continuously monitor situations such as a fire or combustible or toxic gas releases within the plants, providing an early warning and preventing the escalation of the incident, and protecting the process or environment. By implementing functional safety-certified fire and gas systems, plants can meet their safety and critical infrastructure protection requirements. The IEC 61511 and ANSI/ISA standards are increasingly being followed in various process industries such as oil & gas, chemicals, and power generation, thereby contributing to the high growth of the market for fire and gas systems.

 

Oil & gas accounted for the largest share of the functional safety market in 2021. The demand for functional safety in the oil & gas industry is expected to increase with the rise in offshore and shale-related exploration activities in North America and Asia Pacific regions. Therefore, it is anticipated to hold the major share during the forecast period. A number of companies such as ABB Ltd., Siemens, and Schneider Electric are continuously providing functional safety systems and safety devices to the oil & gas industry. For instance, ABB Ltd. helps to achieve functional safety lifecycle compliance according to the relevant IEC safety standards in the oil & gas industry.

Alarm Monitoring Market Growing at the Highest Rate during Forecast Period

The Alarm Monitoring Market is expected to reach USD 59.83 billion by 2023 from USD 42.88 billion in 2017, at a CAGR of 5.5% during the forecast period.

 

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Alarm monitoring is a service in which a central monitoring station professionally monitors alarm systems located in buildings, equipment, or vehicles (CMS). In place of a monthly recurring fee, the alarm systems are monitored. If an alarm is triggered, the CMS notifies security authorities or the property owner.

Alarm monitoring is used to detect intrusion, fire, broken glass, or growing carbon monoxide levels within a building.

 

The objectives of the report includes forecast of the Alarm Monitoring market size in terms of Offering (Systems Hardware, Services), Input Signal (Discrete, Protocol), Communication Technology (Wired, Cellular, IP), Application (Building, Equipment, Vehicle Alarm Monitoring), and Geography.

 

The alarm monitoring market by protocol input signal to grow at the highest CAGR during 2017–2023

Electrical signals are organised into a formal code that contains more complicated information than discrete or analogue signals in protocol inputs. Telecom alarm data can be transmitted via a variety of protocols.

Open standards like SNMP, TL1, ASCII, and TBOS are the most extensively used telemetry protocols.

During the forecast period, the alarm monitoring market by protocol input signal is predicted to develop at the fastest CAGR.

 

The alarm monitoring market by cellular wireless network communication technology to grow at the highest rate during forecast period

Among all the communications technology of alarm monitoring market, cellular wireless network expected to grow with the highest CAGR during forecast period. Cellular wireless network is increasingly being used for connectivity between control panels and alarm monitoring centers. It is mostly used as a backup system for connectivity incase primary lines go down. With the increasing reliability of cellular networks, the market for cellular wireless network-based alarm monitoring is expected to grow.

 

North America to hold a major share of the alarm monitoring market in 2016

During the projected period, North America is expected to dominate the alarm monitoring market.

Because it is home to some of the world's largest multinational organisations, North America is at the forefront of the evolution and development of alarm monitoring technologies. This area is home to the majority of the major players in the global alarm monitoring industry. In terms of new and better technologies, increased R&D in the fields of remote monitoring, home automation systems, and the Internet of Things is a major element driving market expansion in North America.

 

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ADT (US), Moni (US), Honeywell (US), Securitas (Sweden), UTC (US), Schneider (France), Johnson Controls (US), Vivint (US), Vector Security (US), and Bosch (Germany) are some of the major companies dominating the alarm monitoring market.

eSIM Market Size, Share & Trends | Industry Report 2027

The eSim market is estimated to grow from USD 253.8 Million in 2018 to USD 978.3 Million by 2023, at a CAGR of 31.0% between 2018 and 2023.

 

The growth is attributed to the emphasis on remote SIM provisioning for M2M, favourable government regulations boosting M2M communication, and high adoption of IoT technology.

 

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ESIM market for the Smartphone application to grow at the highest rate between 2018 and 2023

During the projected period, the eSIM market for smartphone apps is expected to rise due to rising demand for high-bandwidth applications and rising persistent connectivity on Smartphones. To obtain a competitive advantage in the market, smartphone companies are attempting to incorporate eSIM into their offerings. In October 2017, Google LLC (US) released Pixel 2 and Pixel 2 XL variants with eSIM. Following Google, big companies like Apple Inc. (US) and Samsung (South Korea) are expected to integrate eSIM into their flagship handsets, and significant smartphone makers like Huawei Technologies Co., Ltd. (China), OPPO Electronics Corp. (China), and Xiaomi Inc. are likely to follow suit (China). 

 

Consumer Electronics vertical leads the eSIM market between 2018 and 2023

ESIM makes roaming and switching simple. Furthermore, the deployment of eSIMs is projected to lower carrier replacement obstacles. This is anticipated to improve telecom provider competition, which will benefit customers. The deployment of eSIMs in the consumer electronics industry is primarily driven by the expanding usage of high-speed data transfer technologies such as 4G and 5G, increasing social engagement activities throughout the world, and continued technological breakthroughs. 

 

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North America is anticipated to lead the eSIM market by 2023

North America is a leader in the adoption of technical improvements in a variety of industries, including automotive, energy and utilities, manufacturing, retail, Consumer Electronics, and transportation and logistics. These developments are mostly geared toward producing compact and low-power goods. As a result, North America is expected to dominate the eSIM market over the forecast period. North America is also an important region for the development and advancement of M2M technologies. Some of the largest global companies serving the M2M sector are based in this region. As a result, by 2023, North America is expected to lead the eSIM market.

InGaAs Camera Market Analysis by Size, Growth, Share, Demand

The InGaAs Camera Market is expected to be valued at USD 132.6 Million by 2023 from USD 78.5 Million in 2017, at a CAGR of 9.1% between 2017 and 2023.

 

High demand for line scan InGaAs cameras for machine vision applications, high penetration of InGaAs cameras in military and defence, and increasing demand for InGaAs cameras in security, surveillance, and firefighting are the primary drivers driving market expansion. 

 

In 2016, area scan cameras had a greater market share. Region scan cameras have a pixel matrix that allows them to capture a picture of a specific area. Area scan cameras, as opposed to line scan cameras, are general-purpose cameras that are used in a variety of applications including industrial processing monitoring, industrial furnace monitoring, solar cell inspection, inspection sorting, driver vision enhancement, atmospheric obscurants imaging, and security and surveillance. 

 

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In 2016, the uncooled cameras held a larger share of the overall InGaAs camera market. This growth can be attributed to their major applications in the field of military, defense, and aerospace; industrial inspection; food inspection; telecommunications; and spectroscopy. Their low cost makes them a better choice for many applications. Non-destructive testing and adoption of automation in industries are expected to propel the growth of the market for uncooled cameras as they are widely used in the machine vision application. Cooled cameras are only used in applications where better accuracy is required.

 

Military and military applications accounted for the greatest part of the market. Military and military applications are one of the most common uses for InGaAs cameras for surveillance.

Because of its ability to provide good images even in low light circumstances, these cameras are used in the military and defence industries. Thermal weapon sights, soldier portable vision, and vehicle vision are some of the common uses of InGaAs cameras in military and defence. 

 

In 2016, North America had the highest proportion of the global InGaAs camera market, with the United States being one of the largest contributors in terms of market size. One of the main reasons for North America's leadership is the presence of various military and defence equipment manufacturers, as well as advancements in scientific research and medical technology. Between 2017 and 2023, Asia Pacific (APAC) is predicted to have the greatest CAGR. Increased military and defence spending, as well as surveillance, safety, and security applications in growing Asian countries like China, Japan, Taiwan, and India, are all contributing to this expansion. 

 

Import and export regulations, on the other hand, are limiting the expansion of the InGaAs camera market. The US Department of State's International Traffic in Arms Regulations (ITAR) mandates commodity jurisdiction permission for the sale of InGaAs cameras in the US.

This rule restricts US-based InGaAs camera manufacturers from growing their reach outside the country, as well as prohibiting foreign-based manufacturers from increasing their reach in this country, impacting their global reach. 

 

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Some of the major players in this market are Hamamatsu (Japan), First Sensor (Germany), Jenoptik (Germany), Teledyne Technologies (US), Luna (US), Lumentum (US), Laser Components  (Germany), Albis Optoelectronics (Switzerland), Thorlabs (US), Sensors Unlimited (US), FLIR Systems (US).

Wi-Fi Chipset Market Demand and Growth Analysis 2021 to 2026

The Wi-Fi chipset market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021–2026). 

 

During the forecast period, the growing number of public Wi-Fi hotspots, adoption of the Internet of Things (IoT), growth of Wi-Fi in enterprise and business, rising need for faster data transfer, and significant increase in the internet penetration rate will be major driving factors in the Wi-Fi chipset market. The success of new Wi-Fi technologies, such as IEEE 802.11ad (WiGig) and 802.11ax standards, will also have a big impact on the Wi-Fi chipset industry.

However, several factors, such as the decline in the shipment of tablets and PCs over the last few years and long standardization and certification time, are hindering the growth of the Wi-Fi chipset market. 

 

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Growing number of public Wi-Fi hotspots and adoption of IoT

The ownership of connected devices across the world is expected to grow at a significantly high rate during the forecast period and is attributed to the growth of IoT. The enormous growth of connected devices would require higher data throughput and bandwidth, and broader coverage, which is likely to increase congestion over the mobile network during the forecast period. To tackle this situation and to make a positive impact on the dynamic telecom environment, the adoption of Wi-Fi hotspot solutions by communication service providers and network operators is expected to rise significantly in the coming years.

 

Expanding use of Wi-Fi in enterprises and businesses

Enterprises and businesses of all sizes, across segments and verticals, are increasingly shifting toward a Wi-Fi-based customer engagement model. Wi-Fi hotspots at coffee shops, airports, hotels, buses, trains, sports stadiums, and retail stores are used for customer engagement and customer relationship management. The commercial complex that offers free Wi-Fi connectivity is gaining high popularity among consumers.

 

With the enormous growth of connected devices, consumers are focusing on the value of information. A large number of consumers have numerous access points for information and are increasingly relying on mobile devices and the Internet. Retailers are becoming aware of the value of assisting consumers in gathering information and generating customer relationship management systems through Facebook pages, e-mails, and location-based marketing.

 

Fall in shipments of PCs and tablets

Despite the growth of the overall consumer electronics segment the shipment of PCs and tablets is expected to witness negligible growth, affected largely by the improved performance of phablets and falling prices of smartphones. The low-cost manufacturing of smartphones in China has played an important role in the increased shipment of smartphones in this region. Cost-conscious customers in developing countries of Asia Pacific prefer phablets over costly tablets. Moreover, the replacement cycle of tablets and PCs is higher compared to smartphones. This is leading to the decline in the growth of the PC and tablet market.

 

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Key Market Players

Qualcomm Technologies, Inc. (US) is ranked first in the Wi-Fi chipset market, especially after the exit of Broadcom Corporation (US) from the Wi-Fi chipset market in 2020.