Waterjet Cutting Machine Market Report Share and Forecast 2026

Waterjet cutting machine market share is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 6.2% from 2021 to 2026.

Key Players:
Omax (US), Flow (US), Koike Aronson (US), Wardjet (US), Dardi (China), Lincoln Electric (US), Techni Waterjet (Australia), KMT (US), Colfax (US),  Waterjet Sweden (Sweden), Innovative (India), Hornet Cutting System (US).

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Waterjet Cutting Machine Market By Industry:
Electronics
Automotive
Food
Aerospace
Metal Fabrication
Construction

How does waterjet cutting machines’ high operational excellence drive its market growth?

 
The waterjet cutting machine has a range of applications across industries. The waterjet cutting machine is flexible i.e. capable of cutting irregular shapes from any material with exceptional precision and edge quality. The waterjet cutting machine mixed with abrasive can cut almost any shape and thickness which includes bonded laminated materials such as aluminum composite panel and rubber-lined wear plates. Additionally, waterjet is a cold cutting process that eliminates problems caused by heat distortion and hardened edge, which offers an advantage for intricate metal fabrication and products which require additional machining after cutting. Furthermore, the waterjet cutting machine offers immediate high cutting quality ensures a precise result, avoiding an additional finishing process. This significantly accelerates the cutting process and saves time, increasing the overall efficiency.

What is the impact of high cost of ownership of waterjet cutting machine on market?

 
Waterjet cutting machines are capable of cutting materials such as rubber, gaskets, foam, metal, plastics, and composites. However, high energy consumption, sensitivity to environmental conditions, probability of improper selection, poor maintenance, high cost of ownership, and difficulties faced during fabrication are some of the major problems faced during the handling of any equipment. The energy consumed by waterjet cutting machines directly contributes to the operating cost of any company, which makes it a serious issue for the company. Additionally, there are several factors such as water, abrasive, labor, power, parts, and miscellaneous that can affect the hourly running cost of a waterjet cutting machine. Additionally, the advanced control software for waterjet cutting machine adds an extra cost for any company operating a waterjet cutting machine.

Medical Alert Systems Market Size, Share, and Outlook 2026

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.

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.

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Medical Alert Systems, by Application:
Home-Based users
Senior Living Facilities/Senior Care Centers
Assisted Living Facilities
Hospitals and Clinics

The increasing geriatric population and the high level of health literacy across the world are the key factors for the escalated demand for medical alert systems, which can be used by senior citizens, disabled people, or by people with brain illnesses to receive prompt help in emergencies. Under the health literacy program, people are trained on making smart healthcare choices, improving their communication with doctors or emergency responders, etc. Elderly people are often prone to falls.

The revolution brought by emerging technologies such as the Internet of Things (IoT) and artificial intelligence (AI) has provided tremendous opportunities to the players in the medical alert systems market. State-of-the-art technologies can be used to create a difference in the medical alert systems market, and the stakeholders can leverage it by timely implementation. AI-driven systems, along with predictive analytics, help in automatic fall detection and wanderer control, as well as provide notification to caregivers.

IoT based Asset Tracking and Monitoring Market Growth and Opportunities 2027

The IoT-based asset tracking and monitoring market is estimated to reach USD 6.6 billion by 2027, growing at a CAGR of 11.3% from 2022 to 2027. The rising demand for condition monitoring with the emergence of 5G technology for automation and supply chain optimization using IoT tracking. 

Asia Pacific region is estimated to create largest market opportunity in the IoT based asset tracking and monitoring market during the forecast period. IoT has penetrated various verticals in Asia Pacific, such as agriculture, automotive, railways, aviation, manufacturing, healthcare, and food & beverage. The region has fastest-growing economies in the world such as China and India, with a huge population base and steadily increasing per capita income.

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The automotive segment is projected to create abundant opportunities in the IoT based asset tracking and monitoring market from 2022 to 2027 and is projected to grow at a healthy CAGR. The emergence of automation has changed the working of the automotive sector inside-out and made the IoT popular. For instance, automobile manufacturers are utilizing IoT in advanced planning and scheduling to capture real-time production and inventory data and minimize waste and cycle time. They are also using IoT-based analytics in multiple applications, from optimizing inventory in hand to adopting replenishment strategies in production lines for quality testing using optical-based analytics. 

Delivery dates, quality and service standards, and customer expectations can be met through supply chain optimization, cold chain tracking, and asset monitoring. Supply chain optimization can assist a company in identifying, locating, and resolving bottlenecks and other difficulties in existing supply chains and designing new ones to serve customers better and increase revenue. With real-time asset monitoring tools that offer information on the shipment status, handling quality, and cold chain integrity, companies can detect bottlenecks and other problems in existing supply chains before they materialize as delayed deliveries or damaged goods.

Miniaturized real-time IoT modules with track-and-trace features for cold chain management, smart packaging, perishable commodities shipping, and real-time box tracking keep a tab on shipments. Using real-time location systems such as IoT-based asset trackers, flag supply chain issues as they arise, replete with accurate location data and a timestamp, and take targeted action to fix them before they spiral out of control. Companies are offering a comprehensive technology portfolio for logistics optimization, which contains all the components required to create safe, low-maintenance, and globally certified systems for tracking assets across a supply chain.

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The NB-IoT segment has emerged as widely adopted connectivity for IoT asset tracking and monitoring. NB-IoT is being deployed frequently in logistics for capturing the real-time location of goods and delivery information, temperature monitoring in cold-chain, near real-time location and information of high-value medical equipment with shock and temper alerts, livestock monitoring, and container monitoring, among others.

News Covered:

IoT based Asset Tracking and Monitoring Market worth $6.6 billion by 2027

ALD Equipment Industry Size, Type, Application - Global Forecast to 2027

The ALD Equipment Market is projected reach USD 6.0 billion by 2027 from USD 4.1 billion in 2021, at a CAGR of 8.2% during forecast period. Constantly developing semiconductor industry, proliferation of 3D NAND SSDs, and the advantages offered by ALD are some of the major factors driving the market growing during the forecast period.

 

ASM International N.V. (Netherlands), Tokyo Electron Limited (Japan), Applied Materials, Inc. (US), Lam Research Corporation (US), Veeco Instruments Inc. (US), Kurt J. Lesker Company (US), Optorun Co., Ltd. (Japan), CVD Equipment Corporation (US), Eugene Technology Co. Ltd. (South Korea), and Beneq (Finland).

 

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Plasma-enhanced ALD to account for the largest share of the ALD equipment market during the forecast period

The growing demand for logic and memory devices for various applications is expected to create opportunities for the adoption of ALD. Plasma-enhanced ALD is highly suited for thin film encapsulation of OLED displays and wafer processing for manufacturing logic and memory devices. In recent years, there has been a significant rise in demand for plasma-enhanced ALD due to the advantages it offers, such as facilitating the deposition of thin films at low temperatures and a higher growth rate compared to conventional deposition methods such as thermal ALD.

 

More-than-Moore applications to register highest growth in the ALD equipment market during the forecast period

The emergence of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and 5G has significantly increased the demand for semiconductor devices. To meet this increasing demand, market players are manufacturing various More-than-Moore devices such as MEMs and sensors, RF devices, advanced packaging, power devices, photonics, and CMOS image sensors. The adoption of these devices facilitates higher device scaling and cost reduction. For More-than-Moore applications, ALD can be used for various front-end processes such as surface passivation, wafer level encapsulation, nucleation layers, and gate dielectric deposition.

 

Asia Pacific to account for the largest share of the ALD equipment market during forecast period

Financial support by various governments is a major factor driving the market growth in Asia Pacific. For instance, the South Korean government announced an expenditure of USD 451 billion by 2030 to strengthen the country’s domestic semiconductor production capabilities. Moreover, the growing number of research facilities and growing advancements related to the semiconductor industry in Asia Pacific are expected to provide growth opportunities for market players offering ALD equipment. The availability of inexpensive skilled workforce in Asia Pacific is also a major factor driving the market growth.

Electronic Sensors Market For Consumer Industry - Global Forecast to 2022

The electronic sensors market for the consumer industry is expected to reach USD 26.76 Billion by 2022, at a CAGR of 12.26% between 2016 and 2022.

 

The growing demand for smartphones, tablets, and wearable devices such as fitness and activity trackers are the key factors driving the growth of the electronic sensors market for the consumer industry. The deployment of various sensors including image sensors, motion sensors, temperature sensors, pressure sensors, proximity sensors, fingerprint sensors, level sensors, and biosensors in various applications is expected to drive the market for communication & IT, home appliances, entertainment, and wearable devices applications.

 

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Key Players:

Sony Corporation (Japan), STMicroelectronics N.V. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), Murata Manufacturing Company, Ltd. (Japan), Infineon Technologies AG (Germany), TE Connectivity Ltd. (Switzerland), Synaptics Incorporated (U.S.), Cypress Semiconductor Corporation (U.S.), and OMRON Corporation (Japan) are the key players in the electronic sensors market for consumer industry.

 

Fingerprint sensors are expected to grow at the highest rate:

 

The demand from applications such as communication & IT, home appliances, entertainment, and wearable devices is expected to be the key driver for the growth of the electronic sensors market for consumer industry in the near future. The market for fingerprint sensors is expected to grow at the highest rate owing to the demand from a large number of electronic devices such as smartphones and tablets for providing more reliable and secure user access levels. Moreover, the popularity of mobile payment (m-commerce) has further strengthened the demand for fingerprint sensors in smartphones. These sensors are further classified as swipe and area fingerprint sensors, depending on their type. Swipe fingerprint sensors are most widely used across smartphones, laptops, and other consumer electronics.

 

Asia-Pacific is expected to be the fastest-growing region in the electronic sensors market for the consumer industry during the forecast period:

 

The Asia-Pacific region is home to key industrial players and a manufacturing and assembly hub for smartphones and home appliances. Therefore, this market is expected to grow at the highest CAGR between 2016 and 2022. The demand for budget smartphone and fitness and activity trackers is further expected to propel the growth of the sensor market in consumer electronics. Samsung Electronics Co., Ltd., LG Electronics, Haier, Midea, and Cree Appliance are some of the key suppliers of consumer electronics products based in this region.

Radar Sensor Market by Type & Technology - Global Forecast to 2023

The radar sensor market is expected to reach USD 20.64 Billion by 2023, at a CAGR of 19.51% between 2017 and 2023.

 

Major factors driving the growth of the radar sensor market include increasing territorial conflicts and geopolitical instabilities in Asia Pacific, the Middle East, and the Americas, and the rising demand for radar systems worldwide, as militaries seek to replace legacy systems. The market is further driven by increasing focus on safety, comfort, and assistance features in vehicles.

 

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Key Players:
Major companies involved in the development of radar sensor such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive LLP (UK), HELLA KGaA Hueck & Co (Germany), Autoliv Inc. (Sweden), Infineon Technologies AG (Germany), Lockheed Martin Corporation (US), NXP Semiconductors N.V. (The Netherlands), and Smart Microwave Sensors GmbH (Germany).

 

Radar sensor market in APAC expected to grow at the highest rate during the forecast period

 

Radar sensors and systems are increasingly being implemented in APAC, owing to the growing demand from automotive and military investment. Moreover, APAC is one of the potential markets for the unmanned vehicles as countries such as China, India, Japan, Australia, and South Korea among others are actively trying to strengthen the military system. The geopolitical dynamics of the region have a major role to play in the measures taken by major economies such as India and China toward the enhancement of military capabilities and strength.

 

The radar sensor market for automotive applications is expected to grow rapidly during the forecast period

 

The radar sensor market for automotive applications is expected to grow at a high rate during the forecast period. The main factors driving the growth of this market include the increasing adoption of radar sensors for various applications, increasing benefits of radar sensor as compared to other remote sensing technologies, the growing number of accidents on global basis, and comfort, safety, and assistance features offered by using radar sensors. Some of the major automotive applications that use radar sensors are blind spot detection, lane departure warning, object detection system, adaptive cruise control (ACC), and stop-&-go functionality.

 

The non-imaging radar sensor market to have potential growth by 2023

 

The market for non-imaging radar sensors is expected to grow at the highest rate during the forecast period. This is mainly because of their wide usage in most of the high-end applications such as defense, automotive, and traffic monitoring. Various applications of defense need constant tracking and analyzing, which is mostly done with the help of non-imaging radar. Additionally, the increasing military expenditure by developing countries is also an important factor to drive the overall growth of the non-imaging radar sensor market.

Functional Safety Market Size, Share, Trends 2027

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

 

To adopt functional safety standards, system manufacturers need to perform safety analysis not just at the system level but also at the device level. The growing emphasis on improved functional safety and security in the Industrial Revolution 4.0 will likely create new opportunities for functional safety market.

 

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The safety sensors market for functional safety is projected to grow at a higher CAGR during the forecast period

The safety sensors market for functional safety is projected to grow at a higher CAGR during forecast period. The stereoscopic vision technology has been gaining traction in the market for the past few years as it gathers accurate information from high-volume traffic data. Sensors deployed in a safety system are developed and designed to ensure a safe output based on the logic in case of a measurement or signal transmission does not occur. These safety sensors include the elements of redundancy wherein if any one element fails, then another takes control over the operation, and thus avoids productivity losses resulting from shutdown. These safety sensors are also being used in functional safety systems such as emergency shutdown systems (ESDs), high integrity pressure protection systems (HIPPS), fire and gas monitoring systems (FGS), and burner management systems (BMS), and turbomachinery control systems (TMCs). Safety sensor-based products are incorporated into functional safety systems for different applications such as to sense movement and position of machinery, tracking tooling data, and helping integrate automated systems.

Automotive is expected to grow at the highest CAGR from 2022 to 2027

Automotive is expected to grow at the highest CAGR from 2022 to 2027, owing to key growth trends in the automotive industry such as electrification, autonomous driving, and vehicle connectivity features, which are driving the demand for vehicles across the world. Functional safety systems play a vital role in the automotive industry. Machine safety systems used in the automotive industry detect unsafe conditions and trigger actions to reduce unsafe conditions. Safety devices such as safety sensors, safety PLCs, and emergency stop devices are widely used to mitigate the impact of the risks associated with dangerous processes.

The market in Asia Pacific projected to grow at the highest CAGR from 2022 to 2027

The market in Asia Pacific is projected to grow at the highest CAGR during forecast period. The economic growth of heavily regulated industries such as oil & gas and power has increased the demand for functional safety in developing economies, particularly in China and India. Japan is a smaller country in terms of land size but is responsible for huge production output and energy consumption. The safety standards practiced in Japan are strict and focused on the safety of workers in various industries. Asia Pacific is one of the major industrial markets in the world. China, Japan, India, South Korea, and the Rest of Asia Pacific (including primarily Australia, Thailand, Indonesia, Singapore, and Malaysia) are considered for market analysis in Asia Pacific.

 

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Key Market Players

Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), and Rockwell Automation Inc. (US) are among a few top players in the functional safety market.

DRAM Module and Component Market in APAC Holds the Largest Market Share during the Forecast Period

The global DRAM module and components market is expected to reach USD 110.7 billion by 2027 from USD 94.9 billion in 2021, at a CAGR of 1.2% during the forecast period from 2022 to 2027. The key factors driving the growth of the DRAM module and components market include emergence of 5G technology, growth in demand for DRAM module and components in automotive sector, growth in adoption of high-end smartphones, and others.

 

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Based on type, the DRAM module and components market includes Double Data Rate Two DRAM (DDR2 DRAM), Double Data Rate Three DRAM (DDR3 DRAM), Double Data Rate Fourth DRAM (DDR4 DRAM), Double Data Rate Fifth DRAM (DDR5 DRAM), Low-Power DRAM (LPDRAM), High-Bandwidth Memory (HBM), Graphic Dual Data Rate (GDDR), and others, which include Single Data Rate DRAM (SDR DRAM), Double Data Rate DRAM (DDR DRAM), and Reduced Latency DRAM (RLDRAM). LPDRAM Module and Component segment holds the largest market share in the DRAM module and components market by type and is expected to retain its position during the forecast period owing to the increasing applications of these DRAMs in battery-operated devices such as smartphones and tablets. The demand for smartphones and tablets is increasing rapidly every year, increasing the demand for LPDRAM module and component as well.

 

Based on end-user industries, the DRAM module and components market has been segmented into consumer electronics, servers, mobile devices, computers, automobiles, and others. The servers segment is expected to hold the largest market share of the DRAM module and components market during the forecast period due to the increasing number of network users in the current highly connected IT world. The number of servers and data centers is increasing rapidly to manage the growing crowd over the network.

 

Among all regions, APAC holds the largest market share and is expected to retain its position owing to countries such as China and South Korea, which are global manufacturers and consumers of DRAM module and components, along with its application segments, such as mobile devices, servers, computers, and consumer electronics.

Inductor Market in Asia Pacific to grow at the Fastest Rate during the Forecast Period

The inductor market is projected to grow from USD 5.1  billion in 2022 and is projected to reach USD 7.0  billion by 2027; it is expected to grow at a CAGR of 6.6 % from 2022 to 2027.

 

Growth in the trend of smart cities and smart homes wherein energy-efficient electronic and electrical systems are required along with increase in innovations and developments in consumer electronic products is expected to propel the growth of the inductor market.

 

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Miniaturization is a new technology that is revolutionizing the manufacturing of inductors. With reduction in the size and thickness of wearables such as smartphones, there is an increasing adoption of higher-speed processors for optimal performance and multi-core processors for higher efficiency. This has culminated in the requirements for the miniaturization of all components used, including inductors. In the automotive sector, it has long been standard practice to define the available development space for modules before the development using actual components even begins. In industrial applications, there are also rising size restrictions for saving space, weight, and cost. Thus, downsizing of inductors has been on the rise.

 

The market for film type inductors segment is expected to exhibit higher growth during the forecast period. With the introduction of new electronic devices and the increased launch of new smartphone models, the demand for consumer electronics has increased, which, in turn, has increased the demand for film-type inductors as they are widely used in consumer electronics. Also, film type inductors are mounted by the surface mounting technique, as they require less space, which makes them suitable for compact devices such as smartphones and tablets. Thin-film type inductors act as common mode filters for telecommunication networks, thus, fueling the market for these inductors.

 

The market for surface-mount inductors segment is expected to grow at a higher CAGR during the forecast period.

Surface-mount inductors are usually wound on surface-mount bobbins but are also available as toroidal coils. These types of inductors are available only in smaller sizes and in a variety of shapes such as pot cores (round), RM (square pot cores), and a few others including custom shapes. Their applications include fluctuating power circuits to filter EMI currents at low inductance loss, DC-to-DC and AC-DC converters, storing energy, and switching regulated power supplies.

 

In terms of geographic coverage, the inductor market has been segmented into 4 regions, namely, North America, Europe, Asia Pacific and Rest of the World (RoW). The market in Asia Pacific is expected to record the highest growth rate during the forecast period, primarily due to countries such as China, Japan and India contributing to the overall market share significantly. Asia Pacific is witnessing dynamic changes in terms of the adoption of new technologies across various industries. As Asia Pacific has low labor costs, most of the inductors are manufactured in Asia Pacific and are exported to various regions. There is an extensive rise in the demand for power, which is increasing the need for power management and thereby, accelerating the demand for inductors.

Industrial Automation Application to capture the largest share of Time-sensitive Networking Market

The Time-sensitive Networking Market size is projected to reach USD 1,188 million by 2026 from an estimated USD 134 million in 2021, at a CAGR of 54.7% from 2021 to 2026. Growing adoption of industrial automation in manufacturing industries, rising demand for deterministic Ethernet for real-time applications, and challenging multiple controller applications are among the factors driving the growth of the TSN market.

 

North America is anticipated to hold the largest share of the TSN market throughout the forecast period.

This dominance is attributed to the rising adoption of industrial automation solutions and robotics technologies. North America comprises major growing economies, such as the US, Canada, and Mexico, which offer significant growth opportunities for the market. Moreover, stringent government regulations with respect to automation of processes to ensure workplace safety. TSN-based Ethernet enables machine-to-machine communication and provides huge volumes of data necessary for predictive analysis. These factors are expected to boost the growth of the TSN market in North America.

 

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Switches held a major share of the TSN market, based on components, in 2020, and a similar trend is likely to be observed during the forecast period.

The increasing adoption of automation in manufacturing industries is expected to create potential growth opportunities for TSN switches. Industry 4.0 and IoT are becoming key technologies for industrial automation motion control systems, which require interconnected devices on a large scale, which is expected to accelerate the demand for TSN switches in the near future.

 

The industrial automation application is expected to capture the largest share of the TSN market during the forecast period

Owing to the large-scale adoption of TSN technology in industrial automation and manufacturing to fulfill the requirement of the Industrial Internet of Things (IIoT). Industrial automation helps industries streamline the production process, increase production capacity, improve flexibility, and ensure cost reduction. Industry 4.0 and IIoT technologies help industries automate and integrate production equipment with other systems and help businesses to boost their productivity and efficiency and improve predictive maintenance, which, in turn, is expected to fuel the need for TSN technology in industrial automation applications to ensure seamless connectivity and achieve wireless, deterministic, and time-sensitive communication.

 

Key Market Players

Belden Inc. (US), Cisco Systems, Inc. (US), Intel Corporation (US), National Instruments Corporation (US), Marvell Technology Group Ltd. (Bermuda), NXP Semiconductors N.V. (Netherlands), Microchip Technology Incorporated (US), Analog Devices, Inc. (US), Broadcom Inc. (US), and Advanced Micro Devices, Inc. (US), are some of the key players in the TSN market.

Environmental Sensor Market Size, Share, Trends 2027

The global environmental sensor market is estimated to grow from USD 1.5 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%.

 

Stringent environmental regulations to reduce air pollution is one of the major drivers for the environmental sensor market. The technological advancements in IOT and cloud-based services and growing adoption of environmental sensors in products such as consumer devices, HVAC, and air purifiers are driving the growth of market. Moreover, growing adoption of environmental sensors in consumer electronics and government and public utility verticals will drive the demand for this technology in the near future.

 

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Indoor environment sensors to have the largest market size in location segement of the market

Indoor environment quality is represented by pollutant concentration and thermal (temperature and relative humidity) conditions that affect the health and well-being of the occupants. At times it is observed that indoor air is more contaminated than outdoor air. While pollutant levels from individual sources may not pose a significant health risk, as most homes have more than one source contributing to indoor air pollution, there can be serious risks from the cumulative effects of these sources. Due to advancements in technology, wireless networks, such as Bluetooth, Wi-Fi, and ZigBee, have started to gain importance to monitor indoor environment quality. Also, cloud-based storage and big data analytics solutions help in viewing, storing, and analyzing the overall data. Indoor sensors are used to monitor environmental factors such as temperature, humidity, pressure, and air quality.

Smart city to have significant market size in terms of application of environmental sensor market

The environmental sensor market for the smart city application is mainly driven by environmental monitoring and control systems used to measure temperature, air, humidity, smoke, ultraviolet radiations, water quality, and others. The sensors provide the environmental monitoring of five significant factors CO2, noise, light, temperature, and humidity, and ensure that effective controls are in place to quickly make changes to alter the output. The systems can be used individually or can be integrated into smart application systems used for various other applications in maintaining sustainability in the city.

US to lead the environmental sensor market in North America during forecast period

The market for environmental sensors in the US is large as there is a major demand for environmental sensors in HVAC and commercial applications. The US Environmental Protection Agency (EPA) is among the leading agencies in standardizing and setting rules and regulations with regard to environmental monitoring across the world. The regulations set by EPA are stringent and have precise guidelines with regard to the implementation of environmental sensors in various industries. The environmental awareness among US citizens is comparatively higher than the citizens of other countries. The rules and regulations of the US government are expected to boost the adoption of environmental sensors in the country.

Smart Appliances Market Growth Opportunities by 2026

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 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.

 

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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 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.

5G Chipset Market Forecast to 2027

The 5G chipset market is projected to grow from USD 12.8 billion in 2020 to USD 67.2 Billion by 2027, at a CAGR of 26.7% from 2020 to 2027. The major factors driving the 5G chipset market growth are the growing demand for high-speed internet and broad network coverage, increasing cellular IoT connections, and an increase in mobile data traffic. The developments in wired and wireless network communications technologies due to an exponential rise in data traffic have resulted in high investments in 5G technology by network infrastructure providers.

5G chipsets are the next-generation dedicated cellular connectivity chips designed to carry out high-speed data transfer with lower latency than the current fourth-generation (4G) and 4.5G/4.9G (LTE Advanced/Advanced Pro/Gigabit LTE) chips. These chipsets are expected to offer 10–100× improvements in terms of speed and reduced latency (1 ms) compared with the current networks. They are expected to play a vital role in end-to-end devices such as network equipment and mobile devices. 5G chipsets considered in the report include modem/baseband processors and RFIC.

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Based on type, the RFIC segment to hold the highest growth rate during the forecast period

The 5G chipset market has been segmented based on type into modems and RFIC. 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. Qualcomm (US), Qorvo (US), Broadcom (US), Analog Devices (US), and Samsung Electronics (South Korea) are among the top players developing RFICs for 5G communication.

Based on frequency, the 24–39 GHz segment registered the highest CAGR during the forecast timeframe

Based on frequency, the 5G chipset market has been segmented into three spectrum bands: sub-6 GHz, 24–39 GHz, and above 39 GHz. The 24–39 GHz spectrum will likely play a key role in supporting the burgeoning mobile data traffic growth. This spectrum is a mixture of licensed and unlicensed spectrum. There is an increased demand for wireless data bandwidth; additionally, the mobile data experience for users is expanding and developing continuously. Thus, the cellular industry looks forward to this frequency spectrum being utilized in the development of new 5G wireless technologies.

Companies such as Qualcomm provides modem-to-antenna solutions like the Snapdragon X55 5G modem, with its 5G mmWave antenna module (QTM525) and 5G mmWave chipsets SDX50M and QTM052. Other companies, such as Analog Devices, provide 5G mmWave chipset. MediaTek provides a 5G system-on-chip (SoC), and Samsung provides 5G RFICs and digital/analog front-end (DAFE) ASICs, which support 28-GHz and 39-GHz bands. Furthermore, network service providers such as Verizon (US), AT&T (US), T-Mobile (US), NTT Docomo (Japan), SK Telecom (South Korea), and Korea Telecom (South Korea) are working on the deployment of 5G services in this band.

Based on process node, the 10–28 nm segment to account for the largest size of the market during the forecast period

5G chipsets with process nodes in the range of 10–28 nm primarily include baseband processors for 5G infrastructure and RFIC components. Qualcomm’s Snapdragon X55 5G modem pairs with a single-chip 14-nm RF transceiver for 5G sub-6 GHz for smartphones and other 5G devices. Advancements in the fabrication process support the improvements in ICs, which have made electronic devices smaller and more power optimized. Some major examples of companies using 10–28 nm process nodes are as follows: NXP’s Layerscape family of programmable 5G baseband processors use IQ-Analog Corp.’s (US) IP, which was prototyped in GlobalFoundries’ 14-nm FinFET manufacturing process. Samsung Electronics mmWAVE 5G RF chips are produced by TSMC on 16-nm and 28-nm production lines.

Based on end use, the mobile devices segment holds the high market share

In mobile devices, 5G connectivity will majorly impact smartphones, tablets, AR and VR devices, and wearable devices, among others. 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 drives the demand for 5G chipsets; however, chipset manufacturers are also working on developing 5G chipsets for other mobile devices. One of the major opportunities for 5G in devices beyond smartphones is in the laptop market space.

Regional Insights:
The European region is projected to grow at a higher CAGR during the forecast period

Europe comprises some of the key countries with high adoption of Industry 4.0 and major technologies such as IoT and connected cars. The growth of these technologies is mainly dependent on connectivity, and 5G network is anticipated to play an integral role in this. The emerging application of 5G across the end-use sectors in the region is driving the deployment of 5G networks in Europe. It is expected that 5G connections will reach more than 220 million by 2025 in Europe, accounting for approximately 30% of the world’s 5G connections.

Occupancy Sensor Market Forecast to 2025

The occupancy sensor market was valued at USD 2.2 billion in 2019 and is projected to reach USD 3.6 billion by 2025; it is expected to grow at a CAGR of 13.3% from 2020 to 2025. Occupancy sensors are widely used in applications such as lighting, HVAC, and security and surveillance systems. They are now being integrated into consumer electronics such as PC.

Occupancy sensors are based on primarily 3 types of technologies—passive infrared, ultrasonic, and dual technology, which is a combination of passive infrared and ultrasonic. There are also other emerging types of occupancy sensors, including Doppler sensor, which is similar to radar sensors, RF sensors, and microwave-based occupancy sensor.

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Based on Applications, the lighting systems segment to dominate the occupancy sensor market in the year 2020

The occupancy sensor market for lighting control applications is expected to grow at the CAGR of 10.9% from 2020 to 2025. Lighting systems are the most crucial application because it represents a substantial portion of energy expenses in all types of buildings, including commercial and residential. For instance, lighting systems in any commercial building contribute nearly 38 to 40% of the monthly electricity bill. However, approximately 70% of savings can be expected with the installation of occupancy sensors

Regional Insights:

The APAC region expected to be the second largest market for occupancy sensor in 2025

Increased construction activity in APAC has significantly contributed to the growth of the occupancy sensor market. New opportunities for smart lighting, occupancy sensors, and home automation are expected in APAC on the back of strong activity in the smart home space in China, Japan, South Korea, and India. The occupancy sensor market has huge potential in APAC. Countries with considerable market for occupancy sensor systems are China, Japan, Australia, and South Korea. These systems, which are an integral part of a digitalized household, are expected to find increased acceptance among consumers in this region. Although energy-efficient smart lighting products are considered an expensive option in this region, the higher energy savings vs. traditional lighting systems justify the bargain.

Key Market Players:

The occupancy sensor market is highly competitive with a large number of global and regional players. Legrand (France), Johnson Controls (US), Schneider Electric (France), Eaton (Ireland), and Signify N.V (Netherlands) are the major players in the occupancy sensor market. These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches to expand their presence in the Occupancy Sensor Market.

Failure Analysis Market Size, Share, Global Forecast to 2025

The failure analysis market is projected to grow from USD 3.9 billion in 2020 to USD 5.9 Billion by 2025, at a CAGR of 8.3% from 2020 to 2025. Failure analysis equipment is responsible for animating and analyzing the root cause of a failure of a product, device, or system. The failure analysis market report covers several types of failure analysis equipment such as an optical microscope, scanning probe microscope, Transmission Electron Microscope (TEM), Scanning Electron Microscope (SEM), Focused Ion Beam (FIB), and dual beam system.

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Failure analysis market for focused ion beam (FIB) systems is expected to grow at the highest CAGR during the forecast period

The Focused Ion Beam (FIB) market is expected to grow at the highest CAGR during the forecast period. FIBS are primarily used for semiconductor manufacturing. The development of commercially focused FIBS has led to their increased applications in the field of material sciences. In addition to circuit editing and Transmission Electron Microscopy (TEM) sample preparation, FIBs can now be used for microstructural analysis and prototyping nanomachining. The fastest growth of this segment can be attributed to the growing adoption of FIB systems in material science and bioscience applications.

The failure analysis market for Energy Dispersive X-Ray Spectroscopy (EDX) to hold the largest share during the forecast period

Energy Dispersive X-ray Spectroscopy (EDX or EDS) is an analytical capability that can be coupled with several applications, including Scanning Electron Microscope (SEM), Transmission Electron Microscope (TEM), and Scanning Transmission Electron Microscopy (STEM). EDX, when combined with these imaging tools, can provide elemental analysis on areas as small as nanometers in diameter. In a multi-technique approach, EDX becomes very powerful, particularly in contamination analysis and industrial forensic science investigations.

Failure analysis market for semiconductors and electronics to hold the largest share during the forecast period.

The growing demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is driving the market for failure analysis in the semiconductor industry. The electronics & semiconductor industry is one of the growing sectors globally, owing to the increased adoption of robotics and automation to produce electronic devices. The electronics & semiconductor industry requires high-density, integrated, and miniaturized devices. These requirements have led to the development of 3D Integrated Circuits (ICs) that make it possible to incorporate extensive functionalities into fast, small, and low-power-consumption devices. However, these dense ICs require sophisticated development, prototyping, inspection, and failure analysis tools.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period

The mass production of electronic products such as smartphones, tablets, sensors, industrial equipment, wearables, and white goods in China and Taiwan is expected to accelerate the growth of the regional failure analysis market. Japan is the largest market for microscopy equipment in the Asia Pacific region. Major market players such as Nikon, JEOL Ltd., Olympus, and Hitachi High-Technologies are headquartered in Japan. They have a strong customer base in the country, including several large research institutes and pharmaceutical & biotechnology companies. China's manufacturing sector is using industrial robots to automate and modernize various manufacturing processes. This trend has led to the requirement for monitoring device failure, thus offering new growth opportunities for the failure analysis market in the country.