Inductor Market Industry – Depth Industry Research Report 2022 To 2027

Inductor market size is projected to reach USD 7.0 billion by 2027 from an estimated USD 5.1 billion in 2022, at a compound annual growth rate (CAGR) of 6.6 % from 2022 to 2027.

The market is driven by the increasing demand for inductors in various applications such as automotive, telecommunications, consumer electronics, and industrial automation. Inductors are passive electronic components that store energy in a magnetic field and are used in a variety of circuits to filter, store, and regulate electrical energy.

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Opportunity: Rising adoption of electric vehicles

There is a sharp growth in the production of electric vehicles in recent years and is expected to grow further in the coming years and the pace of development of electric vehicles has been tremendous. The use of electric vehicles has spread, and this will lead to the adoption of connected cars and advanced driving assistance systems (ADAS), which will expand the role of electronic components. With an increase in the tightening of environmental regulations many major manufacturers and newly emerging car makers have increased the production volume of electric vehicles, which is expected to increase the demand for passive components. These electric vehicles are equipped with new technologies and are powered by AI and IoT. With the increase in the adoption of electric vehicles, the demand for inductors is expected to increase in the coming years.

Challenge: Increasing complexity due to miniaturization of inductors

The size of the products is becoming increasingly smaller as well as the functionalities associated with the products are being enhanced. There is a continuos shrink in the size of mobile devices that offer advanced complex functions. The market for such devices which include smartwatches, wristband-type wearable devices, and IoT devices such as sensor network devices need reduced size as well as thickness. These devices also need highly efficient power supply circuits for longer operating time. Due to reduction in the size and thickness of wearables such as smartwatches, there is  an increased use of higher-speed processors for higher performance and multi-core processors for higher efficiency. This paves way for the the miniaturization of all components used, including inductors. In particular, multilayered chip inductors, therefore, also need to be made even smaller in size while providing high Q ratings. However, as feature sizes shrink, maintenance of dimensional tolerances and long-term reliability becomes more tedious. There is a continuos shrink in size of wireless handsets, PDAs, and other portable electronic devices along with increase in the complexity of its operations. Therefore, they face design challenges; as with the reduction in the size of an inductor, the original rated current (ODC) and DC resistance are required to be unaffected.

HVAC Controls Market Thriving at a Tremendous Growth

HVAC controls market report share is estimated to be USD 17.2 billion in 2022 and is projected to reach USD 26.7 billion by 2027; it is expected to grow at a CAGR of 9.2% from 2022 to 2027.

The major factors driving the growth of the market include the consolidation trend of smart homes, the boom in the construction sector, the emergence of IoT-enabled HVAC systems, and the need to achieve energy efficiency in buildings.

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Opportunity: Growing demand for cloud computing in HVAC

The increased adoption of cloud computing has offered benefits for various industry sectors by providing advanced Artificial Intelligence capabilities for various applications, including HVAC. The advanced application of cloud computing and IoT is Digital twin; a real-time-based simulation of the system model, which takes real-time operational data of the HVAC system and performs simulation to reduce operational cost; provides information on the optimal maintenance schedule of HVAC equipment and perform remote diagnostics. Digital twins can help create smarter buildings by automating processes through machine learning.

Challenge: Complexity in retrofitting HVAC controls in existing systems

Governments of various countries have made guidelines and regulations to upgrade their existing HVAC systems as part of environmental requirements. However, the upgradation of such systems is quite complex and cost intensive and time consuming. For instance, if a user installs new HVAC equipment in the existing ductwork of the house, it can affect the installation costs, depending on its ductwork condition. It would be not recommended to install a new central air conditioner if the ductwork has leaks or if the zone control systems are malfunctioning. Since the repair work must be done before the new air conditioner can be installed, it will increase the installation costs. 

AI Infrastructure Market Size & Share Analysis - Growth Trends & Forecasts (2022 - 2027)

The global AI infrastructure market is projected to grow from USD 28.7 billion in 2022 to USD 96.6 billion by 2027, at a CAGR of 27.5% during the forecast period from 2022 to 2027.

The growth of this market is driven by factors such as increased data traffic and need for high computing power, increasing adoption of cloud-based machine learning platforms, increasingly large and complex dataset, growing number of cross-industry partnerships and collaborations, increasing adoption of AI due to the COVID-19 pandemic, and, rising focus on parallel computing in AI data centers.

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Opportunity: Rising need for co-processors due to slowdown of Moore’s Law

Moore's law states that the number of transistors per square inch on integrated circuits will double about every 18 months until at least 2020. In April 2015, Intel Corporation stated that it could sustain Moore's law for another few years by developing 7 nm and 5 nm fabrication technologies. However, moving forward, it would be challenging to further reduce the size of processors; doing so would also reduce the space between electrons and holes, which will create problems such as current leakage and overheating in ICs. These problems would lead to slower performance, higher power consumption by ICs, and a further reduction in durability. Thus, the need to find an alternate way to increase the computational power of chips has fuelled the development of accelerators or co-processor chips, which are critical elements of AI infrastructure.

Challenge: Concerns regarding data privacy in AI platforms

AI has several applications in the healthcare industry. However, the adoption of AI in the industry is restricted to an extent owing to data privacy concerns. Patients' health data is protected under federal laws in many countries, and any breach or failure to maintain its integrity can result in legal and financial penalties. As AI used for patient care requires access to multiple health datasets, it is essential for AI-based tools to adhere to all data security protocols mandated by governments and regulatory authorities. This is a challenging task as most AI platforms are consolidated and require extensive computing power, owing to which, patient data or parts of it can be required to reside in a vendor's data center. This is a major challenge in the market.

IoT based Asset Tracking and Monitoring Market Size, Share & Industry Growth Analysis Report

Global IoT based asset tracking and monitoring market in terms of revenue was estimated to be worth USD 3.9 billion in 2022 and is poised to reach USD 6.6 billion by 2027, growing at a CAGR of 11.3% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

The key factors fueling the growth of the market include increasing demand for real-time information of assets. Every industry has valuable assets; monitoring their performance, providing them safety, and checking their availability is crucial for every business. IoT-based asset tracking and monitoring technologies and solutions are adaptable.

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Opportunity: Rising adoption of data analytics and 5G technologies in automotive sector

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.

Asset management standards serve organizations in the automotive industry in various ways, one of which is lowering acquisition costs. Due to preventative maintenance programs and asset life cycle management, businesses are less likely to replace and purchase new equipment. The capacity to track automotive assets in real-time is one of the benefits of having an asset management strategy in place. Asset tags in the form of barcodes, QR codes, GPS trackers, and wireless beacons are all examples of common asset tracking tools.

Challenge:  Trade-off complications related to connectivity technologies

IoT-based asset tracking and monitoring market modules are based on various technologies such as Wi-Fi, Bluetooth, cellular, NB-IoT, LoRa, and SigFox. These solutions vary in terms of their range, power consumption, and accuracy.

However, the development of a single solution with all these benefits is a key challenge solution providers face. IoT-based asset tracking and monitoring modules comprise hardware and software for continuously tracking and delivering real-time location of assets and resources. Tags, readers, and sensors track and/or monitor assets, individuals, or valuable resources, with increased accuracy in the areas that fall under their network coverage. However, IoT-based asset tracking and monitoring modules face challenges owing to a complicated trade-off between accuracy, power consumption, and range. Narrowband-based tags are not used in some critical applications since they lack in terms of accuracy. Wideband-based tags provide accuracy but have a limited range. Some wideband-based tags are large and have high power consumption. For instance, the channel environment also poses a challenge to IoT-based asset tracking and monitoring modules based on UWB or NB-IoT. When the distance between transmitter and receivers increases, it results in degraded impulse response, limiting an IoT module’s performance and possible range.

Intelligent Power Module Market to Record an Impressive Growth from 2022 to 2027

The global intelligent power module market size is anticipated to grow from USD 1.8 billion in 2022 to USD 3.0 billion by 2027, at a CAGR of 10.7% from 2022 to 2027.

Rising requirements for power generation through renewable sources, focus of OEMs on providing novel and efficient energy and power monitoring modules as well as surging demand for IPMs in industrial, automotive and consumer electronics vertical are some of the major factors propelling the growth of intelligent power module market.

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Opportunity:Growing adoption of GaN and SiC materials in automobile and power semiconductor applications

The emergence of wide band gap materials, such as GaN and SiC, has changed the landscape of the power electronics market. These new semiconductor materials offer better thermal conductivity and higher switching speeds and are smaller than traditional silicon (Si) ones. The use of SiC and GaN has resulted in improvements in existing semiconductor technologies, such as MOSFETs and isolated gate bipolar transistors (IGBTs). These materials can be used for a wide range of applications. The fastest-growing applications of SiC include electric vehicles (EVs) and EV charging, where SiC plays a vital role in fast chargers and charging stations.

Challenge: Designing and operational challenges related to next-generation intelligent power modules (IPMs)

The new generation of IPMs enables continuous monitoring of several important module parameters. With the help of supporting software, IPMs generate a significant amount of data. Utilizing the data efficiently is a significant engineering challenge. Moreover, an increase in processing power is required to efficiently use the data generated by IPMs. Design challenges related to electromagnetic interference (EMI) increase with the rise in switching frequency. Thus, IPMs operating at high switching frequencies may be more compact but create more design complexities. These technical challenges need to be addressed for further development of the IPM market.

Ground Penetrating Radar Market Analysis And Demand With Future Forecast To 2027

The global ground penetrating radar market in terms of revenue was estimated to be worth USD 340 million in 2023 and is poised to reach USD 453 million by 2027, growing at a CAGR of 7.5% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

As the demand for GPR increases, the demand for GPR software is also rising. The data collected and analyzed by GPR equipment and software helps deliver valuable insights to users in 2D as well as 3D formats.

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OPPORTUNITIES: Growing demand for GPRs in military applications

As the military industry is evolving every day, so is the demand for detection and investigation equipment, such as GPRs, growing worldwide. The military mainly uses GPR systems to identify the location and detection of buried explosive devices. For instance, GPR is used in old sites to identify unexploded ordnance (UXO). Additionally, the common application of GPR systems in the military sector is identifying the location of embedded wires and cables in structures. The location of buried bunkers, tunnels, and caches are also areas of growing interest. In May 2020, the US Army ordered GPR systems to detect improvised explosive devices (IEDs) buried in roadways. They found their solution from Chemring Sensors and Electronics Systems (CSES) in Dulles, Virginia, and ordered to build Husky Mounted Detection System (HMDS) kits, spare parts, maintenance, and training for themselves.

CHALLENGES: Requirement of skilled professionals to operate GPR equipment

The use of GPR in utility locating processes involves precise inspection of the field to locate underground utilities. The field inspectors should have knowledge of the construction and operations of the underground utility distribution and collection systems and the related policies and procedures. They should also have expertise in computer- and software-related operations to gather information on the exact physical characteristics and location of the utility. The lack of knowledge related to electronic or manual GPR equipment and field survey procedures and understanding of utility maps and construction drawings make locating the utility a tedious task for the field officers. Hence, the requirement of skilled professionals to correctly operate GPR equipment may be a challenge in some underdeveloped and developing markets.

Functional Safety Market Size, Trends, Analysis, Growth 2022-2027

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%.

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 industry in developing economies, particularly in China and India.

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OPPORTUNITIES: Rising acceptance of IIoT technology in industries

The Industrial Internet of Things (IIoT) is creating new opportunities for integrated safety and compliance services. IIoT can acquire data from sensors that measure pressure, level, and the flow of liquids, temperature, and vibration, and send this collected information to monitoring systems. The data is transmitted through wired and wireless networks that provide real-time analysis, alerts, and possible solutions in case of any emergency. Using IIoT, companies can integrate their processes with safety systems and can monitor the same in real-time. The Industrial Internet of Things (IIoT) provides the benefits of low-cost, low-power microprocessors to improve safety, usability, and energy efficiency while meeting industrial expectations of security and reliability. Various manufacturing companies are still far away from using IIoT to support safety instrumented functions (SIFs) directly in plants, factories, or industrial areas, handling hazardous products. Further, IIoT facilitates quick monitoring, analysis, and control, offering virtual management of physical systems, which ultimately results in performance improvement. With the increasing adoption of IIoT, the demand for functional safety is expected to grow during the forecast period.

CHALLENGES: Shortage of skilled functional safety certified workforce

Functional safety system manufacturers require a workforce with relevant certifications to enable the proper handling of functional safety systems. The technologies and skillsets used in functional safety systems require trained workers to handle the systems. Moreover, industries are increasingly focusing on adopting new safety technologies, and for that, they required a skilled workforce; but they are facing a shortage of skilled functional safety certified workforce. Due to this, developing countries continue to struggle with the efficient implementation of functional safety solutions in industrial automation. Hence, the lack of a skilled workforce poses challenges to the overall growth of the functional safety system market.

Optical Communication and Networking Equipment Market Dynamics, Analysis, Forecast to 2027

Global optical communication and networking equipment market in terms of revenue was estimated to be worth USD 24.2 billion in 2022 and is poised to reach USD 36.6 billion by 2027, growing at a CAGR of 8.6% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

Expansion of telecom infrastructure in developing economies is the major driving factor for the growth of the optical communication and networking market.

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Opportunity: Expansion of telecom infrastructure in developing economies

The expansion of telecommunication infrastructure will have a substantial effect on developing countries in a positive way. With the advent of IoT, AI, and Big Data, there is an increasing demand for smart devices and other connected applications. The interconnected technologies across telecommunication sectors play an important role in capturing, translating, and transferring data into meaningful information, which is crucial for the reinforcement of urban infrastructure. The backbone for this kind of infrastructural development is a high-speed fiber optics network, which can transfer enormous amounts of data, at high speed, from one end to another. The implementation of the 5G network and 6G network requires high-bandwidth oriented fiber optical cables integrated with optical transceivers for secured and reliable data transfers. Therefore, the expansion of optical communication infrastructure across developing nations will drive the optical communication and networking equipment market in the future.

Challenge: Vulnerability of optical networks to hacking

Fiber optic technology-based storage and communication systems were deemed to be safer than the conventional copper cable-based systems as hacking into data within a fiber optic-based system required extremely sophisticated technology, which used to be only available to government agencies. However, in recent times, inexpensive hardware and software have started emerging. Hardware equipment such as optical/electrical converters transfer the converted signal via the Ethernet connection. Moreover, hacking is possible using sniffer software. With the advancement in technology, fiber hack is becoming commonplace, and the belief that the fiber-optic cable networks are secure is proving to be wrong. With these technologies, data theft is becoming easily possible for hackers, and it is not even getting detected. Fiber hack has been a major challenge for the optical network community and might lead to serious ramifications if not checked at the right time.

Increasing Demand for DRAM Module and Component Market throught the Forecast Period

The global DRAM module and components market was valued at USD 94.9 billion in 2021 and is expected to reach USD 110.7 billion by 2027, 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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Opportunity: Increasing adoption of Internet of Things devices

Internet of Things (IoT) allows physical and virtual objects to connect through cloud technology and exchange data and information. IoT is not just a network of internet-connected things but is a network of machines and humans. IoT refers to the ever-growing network of physical objects and the communication that occurs between these objects and other internet-enabled devices and systems.

IoT ecosystem is growing fast owing to the availability of various smart products for domestic and industrial applications. The application areas of IoT include smart homes, smart grids, industrial internet, and connected cars, among many others. As the IoT modules used in various applications become compact, the demand for incorporating more memory in IoT devices increases. DRAMs are small, making them the best option for low-power, high-density applications for the smaller design of IoT solutions. This has resulted in the high demand for DRAMs from various IoT applications.

Challenge: Highly volative pricing nature of DRAM module and components

DRAM makers are pushing into the next phase of scaling but are facing several challenges as the memory technology approaches its physical limit. DRAM is used for main memory in systems, and the most advanced devices used today are based on roughly 18nm to 15nm processes. The physical limit for DRAM is somewhere about 10nm. There are efforts in R&D to extend the technology and ultimately displace it with new memory types, but so far, there is no direct replacement. Until a new solution is in place, the vendors will continue to scale the DRAM and eke out more performance, though in incremental steps at the current 1nm node regime. And at future nodes, some DRAM makers will make a big transition from traditional lithography to extreme ultraviolet (EUV) lithography for production in the fab.

Head-up Display Market - Global Opportunity Analysis and Industry Forecasts to 2027

The global head-up display market in terms of revenue was estimated to be worth USD 2.4 billion in 2022 and is poised to reach USD 6.4 billion by 2027, growing at a CAGR of 21.3% from 2021 to 2026. The new research study consists of an industry trend analysis of the market.

Factors such increasing awareness about passenger and vehicle safety are driving the growth of the market during the forecast period.

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Opportunity: Growing demand for semi-autonomous and electric vehicles

The global demand for semi-autonomous and electric vehicles has increased significantly in the last few years. The increased adoption of these vehicles is accelerating the demand for head-up displays. Semi-autonomous vehicles can sense their environment and navigate to the destination with the partial interference of humans. They can be operated through voice commands. These vehicles are primarily used to provide enhanced safety and convenience to drivers. Semi-autonomous vehicles are equipped with advanced functions such as park assistance, forward collision avoidance, and advanced cruise control. The head-up displays deployed in semi-autonomous vehicles display these features on windshields in the line of sight of drivers.

Challenge: Availability of laser-based volumetric displays as alternatives to head-up displays

Laser-based volumetric displays are key substitutes for head-up displays. Volumetric head-up displays represent information in a volumetric aspect. With the help of lasers, images are projected on windshields to give the illusion of depth. During the night and harsh driving conditions such as fog, low-light vision, and heavy rains, laser-based volumetric displays ensure enhanced safety and traveling information to drivers. In the automotive industry, volumetric head-up displays use laser rays to display images on windshields. In the aviation sector, volumetric displays play an important role in air traffic control.

Hydraulic Cylinder Market Dynamics, Share, Growth, Forecast to 2027

Global hydraulic cylinder market in terms of revenue was estimated to be worth USD 14.3 billion in 2021 and is poised to reach USD 18.3 billion by 2027, growing at a CAGR of 4.4% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

The market growth can be attributed majorly to the increasing demand for heavy construction and mining vehicles from construction, mining, and oil & gas industries. Increasing adoption of material handling equipment across industries worldwide is a major booster for the growth of the market. The hydraulic cylinder market has been segmented by function, specification, bore size, application, industry, and geography.

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Opportunity: Increasing demand for lifting equipment in shipping industry

Dockyards usually have numerous shipping containers of varied sizes and weights, which are stacked hundreds of feet high. There are numerous containers worldwide with standard sizes of 20, 40, 45, 48, and 53 feet and weigh around 30 to 42 tons. To ship these heavy containers, lifting equipment are used. Shipping is the most important mode of transport worldwide that facilitates international trade. The majority of items, from electronics, automobiles, textiles, and raw metals to oil & gas, are transported by ships. The facilitating institutional and technological factors such as the adoption of industrial IoT and support from governments are propelling the growth of the shipping industry, which fuels the need for lifting equipment at ports. Though the adoption of lifting equipment is still at a nascent stage, it is expected to rise significantly in the coming years and, therefore, is expected to be a potent source of demand for hydraulic cylinders.

Challenge: Availability of substitutes

Hydraulic cylinders are operated by fluid, mostly oil. The leakage of these fluids causes environmental contamination. Thus, end users looking to maintain a clean and healthy environment prefer cleaner alternatives against hydraulic cylinders. One such option is the use of pneumatic cylinders, which use the pressure of compressed gas to produce a force in a reciprocating linear motion. Since pneumatic cylinders use a gas, even if there is any leakage, it does not contaminate the surrounding. Pneumatic cylinders are used in agricultural and material handling applications, which require the personnel to be in close proximity to these cylinders. Thus, the availability of cleaner substitutes acts as a challenge for the growth of the hydraulic cylinder market.

Embedded Antenna Systems Market Dynamics, Size, Trends, Scope, Analysis 2027

Global embedded antenna systems market in terms of revenue was estimated to be worth USD 3.2 billion in 2020 and is poised to reach USD 8.4 billion by 2027, growing at a CAGR of 14.9% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

The key factors driving the growth of the embedded antenna systems market include increasing adoption of embedded antenna in Internet of Things devices, increasing demand for low-power wide area (LPWA) networks in IoT applications, and others.

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Opportunity: Development of 5G

The demand for embedded antennas is fueled by the developments in the wireless communications industry, such as long-term evolution (LTE), increased adoption of smart devices, higher mobility, and explosive growth in mobile data traffic. New wireless technologies such as LTE and 5G, which are the fastest-growing mobile technologies and would continue to evolve in the future, demand more spectrum and more energy. With the growing number of connected devices, high-speed internet connectivity has become one of the most important parameters in digitally advanced workplaces. With 3G as the absolute wireless broadband technology and 4G rapidly expanding its prospects across numerous applications, the industry focus has shifted toward the development of the 5G technology, which is anticipated to become the next phase of development across the highly dynamic broadband industry.

Challenge: Need for reduction of stock-keeping units (SKUs)

The difference in spectrum allocation across regions compels OEMs to produce multiple SKUs of the same IoT devices connected to wide area network (WAN) technologies. This is expected to continue as 2G and 3G networks are phased out and devices transition to LTE and 5G, a technology with more than 40 spectrum bands. 5G is increasing the number of spectrum bands that OEMs need to consider for antenna design.

Warehouse Management System Market Share, Size, Trends [2021-2026]

The global warehouse management system market size is expected to grow from USD 2.8 billion in 2021 to USD 6.1 billion by 2026, at a CAGR of 16.7% from 2021 to 2026.

Small and mid-sized enterprises (SMEs) account for a major share of the global economy. SMEs do not have higher revenues individually, butcollectively, they hold a major share of the market and are responsible for the constant churning of the finances within the industry.

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OPPORTUNITIES: Adoption of digital technologies in supply chain management

The supply chain in today’s time is a series of discrete and isolated phases/stages—ranging from marketing, product development, manufacturing, and distribution stages to end users and after-sales services. With the rise in technological advancements, digitization has spread across all operations of the supply chain. The digitization of the supply chain aids in building a completely integrated ecosystem, which is fully transparent to all the players involved—from suppliers of raw materials, components, and parts to transporters of the supplies and finished goods, and finally to the customers demanding fulfillment.

CHALLENGES: Insufficient knowledge of WMS among small-scale industries

Small-scale industries traditionally operate their warehouses with legacy systems. As the annual income of small-scale industries is not very high, investments to set up WMS seem to be an unnecessary expense for these business owners. Similarly, they have a small amount of workforce, among which finding a skilled worker to maintain WMS, may be a tedious and investing task.Owing to the reluctance to replace traditional systems and limited growth plans, business owners in small-scale industries fail to recognize the benefits they can avail of by using WMS. Further, significant investments associated with the deployment of WMS and high upfront costs restrain the adoption of WMS.

Fiber Optics Collimating Lens Market Size & Share | Industry Report, 2021-2026

The global fiber optics collimating lens market size is projected to grow from USD 554 million in 2021 to USD 1,081 million by 2026; it is expected to grow at a CAGR of 13.3% from 2021 to 2026.

Growing global demand for computer networking drives the demand for free-space communication, which is likely to boost the demand for fiber optic collimating lenses.

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Opportunity: Need for handling heavy data in manufacturing and logistics sectors

Manufacturing and logistics sectors would benefit from fiber optics because of their operations and services, which are highly dependent on high-speed bandwidth. This sector needs to work on heavy data, such as the number of products manufactured, raw materials received, and bins in the warehouse. Fibers provide scalability; hence, during times of rapid expansion, a company can easily access near unlimited bandwidth and does not have to deal with additional monthly fees or service delays from the ISP. Also, network latency, reliability, and low long-term costs add to the benefits of fiber networks. Fibers are highly secure, as the network itself is privately owned and operated by the lease owner. No other external entity can track or record the data and information being transmitted through the fiber. This level of security is crucial for businesses that need to regularly transmit sensitive data.

Challenge: Traditional internet wires

Traditional internet wires are made of copper or other conductive materials. These wires use electricity as their medium of communication rather than light. Copper is a cheap and widely used component for network devices connection. Due to the high initial cost of deploying fiber optics in regions such as Africa and Latin America, these regions are still not fully fiber-based and require huge investments to change the entire internet infrastructure. Hence, developing nations are still using copper-based cables for signal transmission. However, in the coming years, with economic growth and advancements in networking infrastructure, the deployment of fiber cables is likely to increase in the coming years.

Key Market Players

The fiber optics collimating lens companies is dominated by a few globally established players such as AMS Technologies AG, IPG Photonics Corporation, Coherent, Fabrinet, Thorlabs Inc, Daheng New Epoch Technology, Inc (CDHC), Edmund Optics, FS.Com, and Gooch & Housego. The report also profiles the companies such as TRIOPTICS, SCANLAB GmbH, Rochester Precision Optics, LightPath Technologies, CeramOptec, Fiberguide Industries, Inc., OZ Optics, Ltd., Avantes, and Laser Mechanisms.

Gesture Recognition and Touchless Sensing Market Dynamics, Scope and Overview

The gesture recognition and touchless sensing market is projected to reach USD 37.6 billion by 2026 from USD 13.6 billion in 2021; it is expected to grow at a CAGR of 22.6% from 2021 to 2026.

North America has the largest market share for gesture recognition and touchless sensing. Whereas, APAC has the highest growth rate and is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of technology and customer needs in high-potential markets such as China, Japan, South Korea, and India.

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Opportunity: Increasing patent applications

For any business, innovation is the key to stay competitive and gain an advantage over competitors. These innovative ideas need to be protected to prevent others from using them; this is done by filing patent applications. These patent applications provide a way for companies to safeguard their ideas and innovations from their competitors. For the last few years, the filing of patents has been increasing in the gesture recognition and touchless sensing market. In 2020, 10,342 patents were published for gesture recognition and touchless sensing. The increasing number of startups has increased the competition in the gesture recognition and touchless sensing market. The increasing patent applications result in several innovations in the gesture recognition and touchless sensing market, expanding its presence in various segments. Thus, the increasing patent portfolio provides immense opportunities for players to gain or increase their market share in the coming years.

Challenge: Disruption in commercial trade due to Covid-19

The imposition of lockdowns and social distancing measures has severely affected the manufacturing sector, as a large chunk of consumer spending is discretionary. Hence, it is being postponed or canceled due to quarantine and social distancing. Some companies had to completely halt their manufacturing operations, which disrupted their supply chains. For instance, key automobile companies such as Volkswagen, Ford, and General Motors had shut down all their production units worldwide during the first wave of COVID-19 in the first half of 2020. The second wave in 2021 has also caused partial lockdowns in various countries and hampered the gesture recognition and touchless sensing market. The third and fourth quarters of 2021 are expected to drive the market's growth, as COVID-19 cases are expected to reduce with the vaccinations being done on a large scale. All these factors, along with the potential third wave of COVID-19, are expected to significantly impact the growth of the gesture recognition and touchless sensing market.

Automated Optical Inspection Market 2021-2026: Market Insight by Market Dynamics and Growth Rate

The global automated optical inspection system market size is estimated to be USD 646 million in 2021 and projected to reach USD 1,660 million by 2026, at a CAGR of 20.8%.

The rising demand for higher productivity by electronics manufacturing services (EMS) companies and growing demand for electronics in automotive sector is driving the growth of the automated optical inspection system market. Moreover, the emergence of smart technology as well as utilization of AOI system in newer applications is alsoexpected to drive the growth of the market in the near future.

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OPPORTUNITIES: Growing Demand for AOI systems for inspection of IC substrates

The introduction of nanotechnology has triggered the miniaturization and use of high-density PCBs in electronics manufacturing. However, with these advancements, many problems are arising. As the size of the PCB is shrinking, the ball grid array (BGA) gap is also decreasing, which gives rise to various defects in the PCB. Few of these defects include substrate corrosion, material mismatch, solder paste defects, and susceptibility to EMI interference. These defects cannot be precisely identified using manual inspection. Hence, there is a rising demand for the use of AOI systems in the detection of IC substrate defects.

CHALLENGES: Availability of superior inspection technology as the substitute

An AOI system works efficiently while inspecting PCBs where solder joints are visible. However, with the advent of new PCB and IC manufacturing technology such as ball grid array (BGA), where solder joints are not visible, AOI systems are not capable of finding soldering defects. On the other hand, other inspection technology, such as automated x-ray inspection (AXI), can inspect a wide range of assembly defects of PCBs with BGA technology. AXI uses X-rays instead of light imaging to inspect the PCBs. Companies often use AXI to evaluate particularly complex or densely constructed boards.

Thermal Imaging Market Segment Analysis: Growth Potential, Demand Status and Trends by 2026

The global thermal imaging market in terms of revenue was estimated to be worth USD 3.6 billion in 2021 and is poised to reach USD 4.7 billion by 2026, growing at a CAGR of 5.5% from 2021 to 2026. The new research study consists of an industry trend analysis of the market.

The key factors driving the growth of the global market include Increasing government expenditure on the aerospace & defense sector boosting the growth of the thermal imaging market size. Increasing adoption of thermal imaging in the automotive industry, growing R&D investments by companies, governments, and capital firms for developing innovative thermal imaging solutions, and others.

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Opportunity: Increase in the adoption of thermography for infancy stage diagnosis in healthcare applications

Clinical Thermography (CT) or thermal imaging is a non-invasive screening and diagnostic technique, which is combined with mammography or other scanning or diagnostic tool. Clinical thermography uses thermal cameras for infancy stage diagnose of cancer, infections, injuries, or vascular disease. It is one of the best preventive health assessment techniques, in which thermal cameras produce images based on the amount of heat dissipated by the human body. The images display heat patterns, thermal imbalances, and inflammation produced by blood circulation problems in the human body. This thermal imaging is also used in mass fever screening, neurological disorders, and breast cancer screening. Breast cancer is one of the common cancers diagnosed in women universally. Medical thermal imaging used to diagnose breast cancer is gaining momentum as it is a non-invasive and low-cost technique. Currently, researchers and companies are conducting research studies to improve and introduce advanced thermal imaging techniques.

Challenge: Thermal cameras do not work through glass and water

Thermal cameras detect heat energy dissipated by the human body, animal, or any structure. The camera produces heat patterns and an image based on them, which helps investigate defects, threats, or other possibilities. Thermal imaging cameras do not work through glass and water because glass allows visible light to pass through it, but it acts as a mirror for thermal wavelengths. If a thermal camera is held in front of the glass, it will produce an image of the person holding the thermal camera. The image produced will be a blur and will lack significant detail and contrast.

Solid State Radar Market Size, Forecast, Report 2021-2026 [Latest]

Global solid state radar market report share is projected to reach USD 2.0 billion by 2026; at a CAGR of 4.2% during the forecast period.

The key factors fueling the growth of the market include advancements in solid state radar technologies, development of phased-array solid state radar, and increased demand for advanced weather monitoring radar. Additionally, the growing investments across the defense sector in the APAC is expected to create an opportunity for the market.

Latest technologies, such as software-defined radars and digital components are being extensively used in the solid state radar market. The use of Digital Signal Processors (DSP), Ultrafast Analog-to-Digital (A-D) and Digital-to-Analog (D-A) converters, fast Commercial Off-the-Shelf (COTS) microprocessors, and high-speed digital networking has enabled new age radars to provide high output to power ratio and maintain a relatively small form factor.

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Opportunity: The rise in adoption of unmanned aerial vehicles

Unmanned Aerial Vehicles (UAVs) are primarily used in the military domain. They can also be used in the civilian domain as remote sensing tools. Various countries, such as China, Russia, and Israel are developing UAVs for intelligence gathering, surveillance, and reconnaissance missions. New generation UAVs are being used for various combat missions, including attacks on hostile ground targets. Combat UAVs, such as the Predator and the Heron, have been developed by the US and Israel, respectively. These UAVs use various synthetic aperture radars for airborne mapping. The increasing adoption of lightweight combat UAVs equipped with solid state radars is expected to create an opportunity for the solid state radars market.

Challenge: Susceptibility to new jamming techniques

Radar jamming involves the deliberate emission of radio frequency signals that interfere with the operations of a radar. Jamming can be done with the help of two main techniques, namely, noise technique and repeater technique. Solid state radars are susceptible to a jamming technique depending on their range, size, and nature. New electronic radar jamming techniques use interfering signals to block the receiver with highly concentrated energy signals, thereby effectively blocking the signal from reaching the airborne radar and stopping it from functioning effectively. The susceptibility of solid state radars to novel jamming techniques may challenge the growth of the market in the near future.

Device-as-a-Service (DaaS) Market: Explosive Growth, Key Segments, and Future Trends

The Device-as-a-Service (DaaS) market is experiencing rapid growth and is expected to reach a value of USD 303.6 billion by 2026, with a remarkable Compound Annual Growth Rate (CAGR) of 43.2% from 2021 to 2026, according to information by MarketsandMarkets. Here's an overview of the key segments, growth drivers, challenges, opportunities, and key players in the DaaS market:

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Key Segments:

1. Service Type:

   • Hardware as a Service (HaaS): Leasing or subscribing to hardware devices, including computers, mobile devices, and peripherals.
   • Software as a Service (SaaS): Subscription-based access to software applications and services.
   • IT as a Service (ITaaS): Comprehensive IT solutions, including hardware, software, and IT management services.
   • Managed Print Services (MPS): Outsourcing and managing document printing and imaging devices.

2. Organization Size:

   • Small and Medium-sized Enterprises (SMEs): DaaS solutions tailored for smaller businesses.
   • Large Enterprises: Enterprise-level DaaS offerings catering to the specific needs of larger organizations.

3. End-user Industry:

   • IT and Telecom: DaaS for networking equipment and IT services.
   • Healthcare: Medical devices and software solutions.
   • Retail: Point of Sale (POS) systems and related technology.
   • BFSI (Banking, Financial Services, and Insurance): Financial and banking equipment and software.
   • Others: Customized DaaS solutions for various industries.

Growth Drivers:

1. Shift to OpEx Model: Organizations prefer OpEx over CapEx, which makes DaaS a cost-effective solution.
2. Technology Advancements: Rapid advancements in hardware and software drive the need for constant device upgrades.
3. Remote Work: The rise of remote work necessitates flexible device provisioning and management.
4. Digital Transformation: Businesses adopting digital technologies require scalable and up-to-date devices.
5. Cost Efficiency: DaaS offers budget-friendly and predictable device management costs.

Challenges:

1. Security Concerns: Managing and securing a diverse range of devices can pose challenges, especially in terms of data protection.
2. Data Privacy: Compliance with data protection regulations is vital, and data privacy can be a concern.
3. Integration Complexity: Integrating DaaS solutions with existing IT infrastructure can be complex and requires careful planning.
4. Vendor Lock-in: Choosing DaaS providers may result in vendor lock-in, making it difficult to switch providers.

Opportunities:

1. IoT Integration: The Internet of Things (IoT) and DaaS can create new opportunities for connected devices.
2. Managed Services Expansion: Expanding DaaS to managed services can provide additional value to clients.
3. SME Adoption: SMEs increasingly adopt DaaS for cost savings and flexibility.
4. Sustainability: Sustainable practices in DaaS, including device recycling and responsible disposal, can be a selling point.
5. Global Expansion: The DaaS market presents opportunities for global expansion and service diversification.
   

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Key Players: The DaaS market includes various key players and service providers, including:

1. HP Inc.
2. Dell Technologies
3. Lenovo Group Limited
4. Microsoft Corporation
5. IBM Corporation
6. Xerox Corporation
7. Plantronics, Inc. (Poly)
8. Fujitsu Limited
9. Capgemini
10. Ingram Micro Inc.

The DaaS market is continually evolving, with new players entering the scene and established companies expanding their offerings. Market dynamics may change as technology advances and the demand for flexible and cost-effective device solutions continues to grow.

Exploring the Smart Mirror Market: Key Segments, Growth Drivers, Challenges, and Key Players

The Smart Mirror Market is indeed a dynamic and growing industry with the potential for significant expansion in the coming years. According to the information you provided, it's expected to reach a value of USD 5.9 billion by 2027, showing substantial growth from the 2.7 billion market size, with a Compound Annual Growth Rate (CAGR) of 16.8% from 2022 to 2027. Below, I will provide an overview of the key segments, growth drivers, challenges, opportunities, and key players in the smart mirror market.

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Key Segments:

1. Type: Smart mirrors can be categorized into two main types:

   • Two-Way Mirrors: These mirrors have a reflective surface that transforms into a digital display when activated. They are commonly used in retail, fitness centers, and beauty applications.
   • One-Way Mirrors: These mirrors integrate digital displays seamlessly with the mirror surface, offering various interactive features. They are often used in consumer applications, such as smart home setups and bathrooms.

2. End-User: The market serves various end-user industries, including:

   • Automotive: Smart mirrors can be found in advanced vehicles, enhancing safety and providing features like blind-spot monitoring.
   • Retail: In-store smart mirrors enable virtual try-ons and product information displays.
   • Residential: Smart mirrors for homes offer personalized information, weather updates, and more.

3. Component: Components include displays, sensors, cameras, and connectivity solutions. The choice of components depends on the application and functionality of the smart mirror.

Growth Drivers:

1. Increasing Adoption of IoT and Smart Home Technologies: The growing trend of IoT and smart homes is driving demand for smart mirrors with integrated displays and connectivity.
2. Rising Interest in Augmented Reality (AR): AR applications in smart mirrors, such as virtual try-ons in retail and personalized beauty advice, are attracting consumers and businesses.
3. Automotive Advancements: In the automotive sector, the integration of smart mirrors for enhanced safety and better visibility is a significant driver.
4. Enhanced User Experience: The ability of smart mirrors to offer personalized information, weather updates, and other interactive features contributes to their popularity.

Challenges:

1. Cost: Smart mirrors can be expensive to manufacture and install, which may limit their adoption in some markets.
2. Privacy Concerns: Concerns about privacy and data security are important in applications where cameras and sensors are integrated.
3. Technology Integration: Integrating digital displays and sensors into mirrors requires advanced engineering and design.

Opportunities:

1. Healthcare and Fitness: Smart mirrors can be used for fitness tracking, telehealth applications, and personal wellness, creating opportunities in the healthcare sector.
2. Hospitality: The hospitality industry can use smart mirrors to enhance the guest experience by offering information, entertainment, and room controls.
3. Customization and Personalization: Offering customized features and experiences to end-users can create new market opportunities.

Key Players: Several companies are active in the smart mirror market. Some of the key players include:

1. Panasonic Corporation
2. Perseus Mirrors
3. Seura
4. Gentex Corporation
5. Samsung Electronics Co., Ltd.
6. LG Electronics
7. Toshiba Corporation
8. Magnifying Mirrors
9. Savvy
10. Alke.

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Medical Alert Systems Market Dynamics, Growth, Opportunity and Forecast 2021-2026

The medical alert systems market size is projected to reach USD 11.1 billion by 2026 from USD 8.2 billion by 2023 it is expected to grow at a CAGR of 10.3 % during the forecast period.

The medical alert systems market has been witnessing significant growth over the past years, mainly owing to the increased geriatric population, favorable healthcare policies and strong focus on financial assistance to considerably boost the medical alert systems market in the coming years.  

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Opportunity: Revolution brought by emerging technologies such as IoT and AI

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. Companies such as Xsens (Netherlands), Xander Kardian (US), and Qventus (US) have built AI-powered fall detectors for elderly individuals. CarePredict (US), an AI-driven health technology company, uses AI to detect any change in the activity and behavior patterns among the elders and helps them in independent living. The impact of such technologies is remarkable and has a humungous potential soon in the medical alert systems market.

Challenge: Supply chain disruptions caused due to outbreak of COVID-19

The outbreak of the COVID-19 pandemic has affected the global supply chain of the medical device industry owing to the lockdowns imposed across many countries during the first and second quarters of 2020. The supply chain of medical devices is complex and depends on several suppliers from disparate locations to synchronize with each other. The shortage of even a single component can hold up an entire production line, resulting in inventory and cashflow backlogs. Unless the entire supply chain of the medical device market is operational and functioning smoothly, their production is challenged and constrained.

Smart Appliances Market: Dynamics Strategies, Demand Forecast, and Future Trends (2021-2026)

The global smart appliances market in terms of revenue was estimated to be worth USD 33.8 billion in 2021 and is poised to reach USD 76.4 billion by 2026, growing at a CAGR of 17.7% from 2021 to 2026. The new research study consists of an industry trend analysis of the market.

In recent years, the market for smart appliances has experienced significant growth, primarily due to the increasing demand for smartphones, and the availability of wireless solutions is also expected to significantly boost the market in the near future. These factors will drive market growth through the end of the forecast period. Moreover, intensifying consumer focus on convenience, cost reduction, and energy conservation will drive the demand of smart appliances in the near future.

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Opportunity: Integration of new technologies, such as AI, with smart appliances

AI technologies make products think like humans. They help to understand how the human brain thinks, learns, decides, and works. AI has become very popular in today’s world. It has applications in different industries like healthcare, manufacturing, banking, and automotive. Smart appliances companies are working to in-build AI in products to make them more personalized and convenient for consumers.

AI will help to identify usage patterns, user preferences, and opportunities for additional technologies. It helps in identifying gaps in the usage and capabilities of smart appliances. This will give companies working in the field of smart appliances an opportunity to enhance their products to meet customer requirements in the future. For instance, LG Electronics (South Korea) introduced its new AI-enabled Proactive Customer Care for personalized support and alerts. On purchase of certain LG appliances, users get this complimentary Proactive Customer Care service through the LG ThinQ app. The app is available for both iOS and Android phones.

Challenge: High cost associated with installation of smart appliances

Smart appliances are relatively expensive as compared to conventional appliances. To connect all the appliances in the house, they must be connected via a common interface for communication. Installation costs can range from USD 50 to USD 1,000, depending upon the number of appliances and technology used. Although it is beneficial for the long run, attracting consumers at these costs can be a challenge for companies. Currently, smart appliances are installed in most American and European homes.

However, a significant percentage of the population in these regions still find high-end smart home appliances with advanced technologies unaffordable. In Asian countries such as India and China, a sizeable portion of the population cannot afford even basic home appliances. Thus, the high cost of purchase, as well as maintenance, can hinder the growth of this market at a global level. To overcome this, efforts could be taken to make customers aware of the long-term benefits of adopting smart appliances.

Waterjet Cutting Machine Market - Top Market Dynamics, Demand, Revenue, Statistics, Business Growth

Global Waterjet cutting machine market share is projected to reach USD 1.5 billion by 2026, Growing at a CAGR of 6.2% during the forecast period. The market is driven by rising adoption of waterjet cutting machines across different industries, growing automotive industry, and operational excellence offered by waterjet cutting machine.

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.

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

Waterjet cutting machines industry 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

Which industries and region is expected to create growth opportunities for the market?

Industries such as automotive, food, electronics, and aerospace in emerging markets are registering a high growth rate, which is projected to drive the market for waterjet cutting machines. Automation is considered the largest and fastest-growing segment in the cutting industry as it considerably increases productivity and safety and reduces time, which fuels the demand for waterjet cutting machines. Additionally, the increased population in APAC produces an increased demand for effective mobility.

Environmental Sensor Market 2021-2027: Technology, Trends, Forecasts, Dynamics, Scope

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%.

Initially, air monitoring was done manually by noting down the reading recorded by different analog systems. Automatic or Continuous Ambient Air Quality Monitoring Stations (CAAQMS) can monitor pollutants using different analyzers; thereby reducing the chances of manual error, generate data at regular time intervals, and efficiently transmit the data. The generated data are disseminated online through a digital display board to the public.

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Opportunity: Devlopemnt of nanotechnology based environmental monitoring product is growing opportunity in the market

Historically, environmental sensors were used to detect gases, monitor humidity, and barometric pressure. Nowadays, due to the increasing need for sensor information, there is a growing demand for nanotechnology-based environmental monitoring products. By combining traditional environmental sensors with integrated sensors that are used in various consumer applications such as building automation and HVAC, designers can develop smart systems that enable machines to interact with each other and the world around them and can provide actionable environment data. Information from various types of sensors is combined to measure the environmental parameters surrounding these devices. For example, sensor-on-chip plays a significant role in wearables, wherein several sensors are combined to measure various environmental parameters on a single device.

Challenge: Stringent performance requirements of advanced sensor applications

Specifications of environmental sensors change with applications and technology being used. For instance, consumer electronics applications have stringent requirements regarding the size and power consumption of environmental sensors. In such cases, integrating several types of sensors with consumer applications, such as smartphones, becomes very difficult. Also, with the change in the industry or vertical, the specification of the sensor varies accordingly. For instance, gas sensing parameters in the automotive industry differ from those in the oil & gas industry; therefore, the performance requirements of gas sensors become critical in advanced applications.

Device-as-a-Service Market Growth Opportunities, Trends and Market Dynamics

Global device-as-a-service market in terms of revenue was estimated to be worth USD 50.3 billion in 2021 and is poised to reach USD 303.6 billion by 2026, growing at a CAGR of 43.2% from 2021 to 2026. The new research study consists of an industry trend analysis of the market.

The market has been witnessing significant growth over the past years, mainly owing to the rising demand for subscription-based model and the increase in a number of channel partner offering in device-as-a-service. Increasing adoption of cloud computing services in developing countries is also expected to considerably boost the market in the coming years.

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Opportunity: Emergence of wearable-as-a-service (WaaS) model

Wearable devices such as smartwatches, VR headsets, AR glasses, and medical patches are convenient and are becoming increasingly popular among end users, including business enterprises—who are mainly trying to benefit from the mobility and interoperability that comes with wearable devices, along with the vast amount of data generated. Various companies have now started manufacturing wearable devices to promote wearables-as-a-service (WaaS) solutions. For instance, Omate is a Chinese company offering a wearable-as-a-service solution. Similarly, Arkéa, a French banking and insurance company, has launched its WaaS model that allows end users or institutions to rent wearable devices. This eliminates the need for the upfront purchase of wearable devices, which can be an additional hurdle in the sales process. Thus, some device manufacturers have adopted this approach and are developing smartwatches targeted at recreational athletes, children, and the elderly. Wearable technology is now effectively being used in government offices, healthcare organizations, insurance companies, and families for elderly care management.

Challenge: Security and data protection risk associated with device-as-a-service

The demand for device-as-a-service has increased in many sectors, with organizations increasing their general use of cloud-based services, mainly due to security concerns. Moreover, the security budgets and number of cloud platform providers have significantly increased, and many customers are now adopting cloud wherever possible for deploying secure and resilient systems. Thus, security concerns associated with using a new service model are a major factor challenging the complete adoption of device-as-a-service. Cybersecurity and data protection hold significant importance, especially in the financial sector, as the foundation of banking lies in nurturing trust and credibility.

Agriculture IoT Market Dynamics, Growth, Analysis, Forecast to 2026

The Agriculture IoT market is estimated to grow from USD 11.4 billion in 2021 to USD 18.1 billion by 2026 at a CAGR of 9.8% during 2021-2026.

The growth of the agriculture IoT market is driven by factors such as increasing adoption of the Internet of Things (IoT) and artificial intelligence (AI) by farmers and growers, growing focus on livestock monitoring and disease detection, high demand for fresh produce, population growth, loss of arable land, surging adoption of aquaculture monitoring and feed optimization devices in developing countries, and strong government support for precision farming practices.

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Opportunity: Growing adoption of UAVs or drones in agricultural farms

Unmanned aerial vehicles (UAVs) or drones are quickly moving from battlefields to agricultural fields; they capture highly accurate aerial images up to hundreds of hectares/acres in a single flight, thereby saving a lot of money in the process. Agricultural drones are cheaper than surveillance drones, and they come with advanced sensors and imaging abilities that provide farmers with new ways of increasing crop yield and reducing wastage of resources.

Challenge: Unavailability of simple and standardized data management and data aggregation tools

Data aggregation is a major challenge in the agriculture IoT market. The data obtained from farms using smart agricultural tools is highly important as this data helps farmers in making productive decisions. In precision farming, large volumes of crucial data pertaining to mapping, variable rate seeding, soil testing, yield monitoring, and historical crop rotation is produced regularly. This data must be stored and managed properly as successful precision farming relies entirely on it for assessing farm conditions. Data management is the key to making smart farm-management decisions and improving farm operations.

Digital Scent Technology Market Analysis, Dynamics, Growth, Future Scope 2026

The Digital Scent Technology Market is expected to reach USD 1.5 billion by 2026 from an estimated USD 1.0 billion in 2021, registering a compound annual growth rate (CAGR) of 9.2% during the forecast period.

The market growth can be attributed to several factors, such as expanding application and advancements in e-nose technologies, increasing use of e-nose devices for disease diagnostic applications, emerging R&D activities to invent e-nose to sniff out COVID-19, and rising use of e-nose in food industry for quality assurance in production, storage, and display.

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Opportunity: Application of e-nose in security and military sectors

Digital scent technology is not only used for diagnosing diseases but also in security and military sectors. The rising numbers of bomb blasts is demanding a technology which can detect explosives quickly and effectively. Therefore, digital scent technology is used by the police and military to detect explosives in public areas as well as war fields. The growing adoption of digital scent technology in security and military sectors indicates a significant demand for this technology. Thus, the use of e-noses in security and military sectors can be a major growth opportunity for the digital scent technology market.

Challenge: Unpredictability of air flow

Digital scent technology is all about generating and sensing different types of smells. The generated smell can be affected by the flow of air, and that may reduce its original impact. Air flow can mix other smells present around, especially in public places. Hence, the unpredictability of air flow affects the experience of smell—unless air flow is controlled in a closed area. Thus, the impact of this challenge on the development of the digital scent technology market is medium.

Industrial Ethernet Market Size, Share, Revenue, Trends And Drivers For 2028

The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028; it is expected to record a CAGR of 7.5% during the forecast period.Growing popularity of smart automobiles and rising adoption of 5G are expected to fuel the growth of the industrial ethernet market.

Industrial equipment or devices communicate through various interfaces, technologies, and protocols. The absence of standardization in these communication interfaces and protocols might result in the misrepresentation of data. It also can complicate the integration of systems and hinder the use of plug-and-play features for unrelated systems. This is one of the major restraints for the industrial ethernet market in coming years.

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Opportunity:  Emergence of 5G to create lucrative opportunities for market players

Industrial communication is a vital element of Industry 4.0. The demand for 5G technology is growing in the manufacturing industry, as 5G helps to overcome the shortcomings of other wireless systems. With the onset of 5G technology, the manufacturing industry will experience a major transformation. With the increasing demand of 5G the demand for industrial ethernet will also increase.

Challenge: Harsh field site conditions-high-voltage transients, severe shocks and vibrations, and extremely high temperatures

Industrial Ethernet devices are deployed in remote field locations which are prone to the effects of unfavorable and harsh conditions, such as high-voltage transients, shocks and vibrations, and extremely high temperatures. High voltage transients result from electrostatic discharge (ESD), bursts, electrical fast transients (EFT), and lightning strikes. These are a few challenges faced in industrial ethernet technology deployment. Therefore, there is a requirement for robust industrial communication equipment to withstand harsh conditions.

Ultrasonic Testing Market Outlook 2026: Dynamics, Top Companies, Trends, Future Scope

The global ultrasonic testing market size is projected to reach USD 4.2 billion by 2026, at a compound annual growth rate (CAGR) of 7.1% during the forecast period. Ultrasonic testing techniques are used primarily in engineering industries for evaluating different properties of structures, equipment, components, and materials without causing any damage.

Ultrasonic testing is an extremely valuable technique for timely evaluation and diagnosis of faults in products. It is an important quality control tool in the manufacturing process as it allows for early detection of surface and subsurface defects in finished and work-in-progress (WIP) goods. Ultrasonic testing is used for detecting faults and structural integrity in industrial assets and public infrastructures such as factory buildings, platforms, bridges, railway lines, piping systems, and industrial machinery. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are key factors driving the ultrasonic testing market growth. The high adoption of IoT devices and rising need to assess aging assets' health also propel the NDT and inspection market development.

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Opportunity: Large-scale infrastructural developments in APAC, Europe, and Latin America

Emerging economies such as India, China, Malaysia, and Brazil are experiencing rapid infrastructural developments such as constructing new bridges, dams, railways, power plants, and refineries. This drives the demand for ultrasonic testing services and equipment, which, in turn, is expected to accelerate the growth of the companies providing ultrasonic testing services and equipment.

Challenge: Limited manufacturing activities and supply chain disruptions caused by COVID-19

The main issue being faced by the manufacturing industry is supply chain disruptions. Various rules and regulations imposed by governments of different countries of the world to contain the spread of the COVID-19 include restrictions on the export and import of products and raw materials. This has led to significant supply chain issues throughout the world, causing a shortage of raw materials in various industries. As various industries cannot resume their operations, the demand for ultrasonic testing equipment and solutions has also reduced. Hence, ultrasonic testing market share is facing a drop in its size in the present situation.

Collaboration Display Market Dynamics - Emerging Trends, Growth Drivers, Analysis 2026

The collaboration display market is projected to reach USD 957 million by 2026 from USD 700 million in 2021; it is expected to grow at a CAGR of 6.4 % from 2021 to 2026.

Major drivers for the growth of the market are surged demand for collaboration displays in educational institutions and corporate offices as well as increase in remote and hybrid work models amid COVID-19. The increased digital transformation throughout the globe and adoption of ever-changing technology is also a reason for the increased demand of collaboration displays in corporate offices, educational institutions, and government organizations. Collaboration display is a display tool for conducting meetings, presentations, training sessions, communication and collaborating worldwide.

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Opportunity: Government funding for installation of interactive displays in educational institutes

Government funding is playing a crucial role in the adoption of interactive displays in schools across countries. For example, the US Department of Education's Office of Special Education Programs offers technology grants for children with special needs, which also includes the installation of interactive displays in schools. Lately, governments of multiple countries have been supplying interactive displays to non-profit organizations and state schools. Apart from governments of different countries, leading companies, such as SMART technologies and Promethean, are also involved in the funding of interactive displays for educational institutions that cannot afford them. For instance, in November 2018, Nawaka Educational Charitable Trust (Fiji), and Promethean (US) donated interactive displays worth over USD 20,000 to the Nawaka District School in Nadi, Fiji, to create a digital study environment. Such initiatives are expected to generate ample opportunities for collaboration displays players in the coming years.

Challenge: Reluctance among professionals to switch from traditional to advanced technologies

Traditional whiteboards are easy-to-use products with no technology to operate. On the other hand, collaboration displays are technology-based and integrated with various technologies. Professionals need to be trained to operate collaboration displays and have to be made aware of their various features. However, many professionals, teachers, in particular, are reluctant to spend additional time to understand the product. This, in turn, acts as a challenge for the growth of the collaboration display market.

According to a research study conducted by the Wadi El-Neel University, Sudan, teachers in many schools are not comfortable using advanced technologies such as interactive displays and prefer chalk-and-talk methods and pen-paper-based assessments in classrooms. A similar research survey was conducted by the Curriculum and Instruction Department, King Saud University, Riyadh, Saudi Arabia, to understand the attitude of teachers towards the adoption of interactive displays in English medium schools. This study, conducted on a sample group of 43 teachers of different secondary schools in Riyadh, focused on questions regarding their views about interactive displays.

Wi-Fi Chipset Market Size: Exploring Trends, Challenges, and Leading Companies 2026

Global wi-fi chipset market in terms of revenue was estimated to be worth USD 19.7 billion in 2020 and is poised to reach USD 25.2 billion by 2026, growing at a CAGR of 4.2% from 2022 to 2027. The new research study consists of an industry trend analysis of the market.

The growth of the market would also largely depend on the success of new Wi-Fi technologies, including IEEE 802.11ad (WiGig), and 802.11ax standards. 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. Moreover, increase in coexistence issues with LTE in LTE-U due to the use of 5 GHz band is a major challenge for Wi-Fi chipset manufacturers.

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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.

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.