Collaborative Robot Market Share, Industry Analysis by 2030

The collaborative robot market size is poised for remarkable growth and innovation in the coming decade, driven by advancements in automation technology, increasing adoption of collaborative robots (cobots) across industries, and the growing emphasis on human-robot collaboration in the workplace. According to market projections, the collaborative robot market is expected to witness significant expansion, with market share reaching USD 11.8 billion by the year 2030, at an impressive compound annual growth rate (CAGR) of 35.2%.

Market Dynamics: Collaborative robots, designed to work alongside humans in a shared workspace, are revolutionizing industrial automation by enhancing productivity, flexibility, and safety. Key factors driving the growth of the collaborative robot market include:

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1. Rapid Industrialization: With industries increasingly embracing automation to improve efficiency and competitiveness, collaborative robots offer a cost-effective solution for tasks that require human-like dexterity and adaptability. Industries such as manufacturing, logistics, healthcare, and agriculture are deploying cobots to streamline operations and address labor shortages.

2. Advancements in Technology: Technological advancements, including artificial intelligence (AI), machine learning, and advanced sensors, are enabling cobots to perform a wide range of tasks with greater precision and autonomy. Collaborative robots equipped with vision systems, force sensors, and collaborative grippers can handle complex tasks such as assembly, inspection, and material handling.

3. Focus on Workplace Safety: Safety is a paramount concern in industrial environments, and collaborative robots are designed with built-in safety features to ensure human-robot interaction without compromising safety. Cobots are equipped with sensors and safety-rated software that enable them to detect and respond to human presence, reducing the risk of accidents and injuries in the workplace.

Industry Analysis: The collaborative robot market encompasses various industry verticals, including manufacturing, healthcare, logistics, automotive, electronics, and aerospace. Each industry has unique requirements and applications for cobots, driving demand and innovation in the market. Key industry trends and applications include:

1. Manufacturing: Collaborative robots are widely used in manufacturing for tasks such as assembly, pick-and-place, and quality inspection. Cobots enable manufacturers to increase production efficiency, reduce cycle times, and adapt to changing production demands with ease.

2. Healthcare: In the healthcare industry, cobots are used for tasks such as patient care, pharmacy automation, and laboratory assistance. Collaborative robots can assist healthcare professionals in repetitive tasks, improve workflow efficiency, and enhance patient safety and care quality.

3. Logistics: Cobots play a crucial role in logistics and warehouse operations, where they are used for order fulfillment, palletizing, and inventory management. Collaborative robots enable warehouses to optimize space utilization, accelerate order processing, and improve inventory accuracy.

Forecast: Looking ahead, the collaborative robot market is expected to witness robust growth and innovation, driven by the continued adoption of cobots across industries and the emergence of new applications and use cases. As technology continues to evolve and cobots become more affordable and accessible, the market share of collaborative robots is projected to reach USD 11.8 billion by the year 2030, with a CAGR of 35.2%.

Forecasting Growth: Pharmaceutical Manufacturing Equipment Market Size by 2028

The pharmaceutical manufacturing equipment market size is poised for substantial growth in the coming years, fueled by factors such as advancements in pharmaceutical manufacturing processes, increasing demand for pharmaceutical products, and stringent regulatory requirements. According to market projections, the pharmaceutical manufacturing equipment market is expected to reach a valuation of USD 19.7 billion by the year 2028, with a compound annual growth rate (CAGR) of 6.3%.

Market Dynamics: The pharmaceutical industry is experiencing rapid growth globally, driven by factors such as aging populations, rising prevalence of chronic diseases, and increasing healthcare expenditure. To meet the growing demand for pharmaceutical products, manufacturers are investing in advanced manufacturing technologies and equipment to enhance efficiency, quality, and productivity. Moreover, the emergence of biopharmaceuticals, personalized medicine, and specialty drugs is further driving the demand for specialized pharmaceutical manufacturing equipment.

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Key Trends: Several key trends are shaping the pharmaceutical manufacturing equipment market:

1. Automation and Robotics: Automation and robotics are transforming pharmaceutical manufacturing processes, enabling greater precision, efficiency, and scalability. Automated systems for drug formulation, filling, packaging, and labeling are increasingly being adopted to streamline production and minimize human error.

2. Single-Use Technology: Single-use technology, including disposable bioreactors, bags, and tubing, is gaining popularity in pharmaceutical manufacturing due to its cost-effectiveness, flexibility, and reduced risk of cross-contamination. Single-use systems offer significant advantages in bioprocessing, particularly for small-batch and personalized medicine production.

3. Advanced Analytical Instruments: The increasing complexity of pharmaceutical formulations and regulatory requirements necessitates the use of advanced analytical instruments for quality control and assurance. Technologies such as mass spectrometry, chromatography, and spectroscopy are essential for characterizing raw materials, intermediates, and final products, ensuring compliance with regulatory standards.

4. Continuous Manufacturing: Continuous manufacturing is gaining traction in the pharmaceutical industry as an alternative to traditional batch processing. Continuous manufacturing offers benefits such as reduced production time, enhanced process control, and improved product quality. Equipment such as continuous granulators, mixers, and tablet presses are being increasingly adopted by pharmaceutical manufacturers.

Regional Analysis: The pharmaceutical manufacturing equipment market is geographically diverse, with significant growth opportunities across regions. North America and Europe are prominent markets for pharmaceutical manufacturing equipment, driven by a strong pharmaceutical industry, robust regulatory framework, and technological innovation. However, the Asia Pacific region is expected to witness the fastest growth, attributed to factors such as expanding pharmaceutical production capacities, increasing investments in healthcare infrastructure, and rising adoption of advanced manufacturing technologies.

Precision Planting Market - Size, Share & Industry Trends

The global precision planting market size is estimated to be USD 5.0 billion in 2022 and is projected to reach USD 8.2 billion by 2027, at a CAGR of 10.3% during the forecast period.

Some of the major factors contributing to the growth of precision planting market includes the substantial cost-savings associated with precision planting and seeding equipment, surge in the adoption of advanced technologies in precision agriculture to reduce labour cost, and increasing promotion of precision planting techniques by governments worldwide. Moreover, climate change and need to meet rising demand for food will also drive the growth of the industry in the near future.

Deere & Company (US), Trimble Inc. (US), CNH Industrial N.V. (UK), Kinze Manufacturing, Inc. (US), and Precision Planting (brand of AGCO) (US) are among the major players in the precision planting market.

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High-speed precision planting systems to led the precision planting market during the forecast period

Precision planting market share will continue to be dominated by high-speed precision planting systems in 2022 and similar trend is expected to be continued by 2027. Farmers are becoming more aware of the benefits of using these planting systems as well as the high return on investment (ROI). With GPS-based auto-guidance planters, growers can reduce seed overlap during the planting process, thereby reducing input costs substantially.

Hardware segment to account for largest market share of precision planting market during the forecast period

Precision planting market share is expected to remain high in the hardware segment until 2027. Increasing adoption of automation and control devices, such as drones/unmanned aerial vehicles (UAV), GPS devices, control systems, guidance systems, delivery systems, and display systems, has contributed to the growth of this segment. Planters use hardware such as delivery systems, control systems, seed meters, sensors, and GPS devices to ensure accurate seed placement and uniform seed distribution. Agricultural vehicles use GPS-based auto-guidance technology to reduce overlapping during field mapping, which in turn saves fuel, labor, and time, and compacts soil. Precision planting hardware market growth is expected to be driven by the increasing adoption of advanced planting and seeding equipment with new features such as VRT and guidance systems for precision planting.

The precision planting market is expected to see higher growth rate for the electric drive segment during the forecast period

The electric drive makes precision planter and seeding systems simpler. Farmers for whom corn is a secondary crop say the cost of a new planter forces them to keep fixing, modifying, and upgrading the older unit. By using electric motors, farmers or growers are able to control individual row units at a variable rate. As energy consumption on farm equipment increases, they have a clear advantage over mechanical, hydraulic, and pneumatic components. The power delivery of an electric motor is consistent and uniform. The regulation of electricity is more precise than any other power source. As a result, seed placement functions in planters and drills are more accurate. With electric drive metering, hydraulic requirements such as chains, sprockets, and gears are eliminated. With fewer parts, the metering system will be simpler.

Americas likely to lead precision planting market during the forecast period.

The Americas is segmented into North America and South America. North America is expected to account for the largest share of the precision planting market during the forecast period, owing to the presence of a substantial number of large-sized farms and major players, such as Deere & Company (US), Precision Planting (brand of AGCO) (US), Kinze Manufacturing Inc. (US), and Topcon Positioning Systems (US) in this region.

Occupancy Sensor Market Share, Growth, Demand & Trends

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.

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.

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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

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.

Growing demand for energy-efficient devices

One of the major reasons for the adoption of occupancy sensors is its growing demand for energy-efficient devices in various industries (residential buildings and commercial buildings). In addition, energy saving is considered to be among the most important factors for the development of occupancy sensors in the market. Applications such as lighting control, HVAC systems, and security surveillance mainly utilize occupancy sensors to reduce the level of energy consumption.

Rapid Liquid Printing Market Size Set to Reach New Heights in the Coming Years

The rapid liquid printing market size is expected to grow from USD 48 million in 2023 to USD 284 million by 2027 at a CAGR of 55.6% from 2023 to 2027.

Fastest printing among all 3D printing technologies, ability to print using industrial-grade materials, and ease of development of customized products are some of the major factors driving the growth of the rapid liquid printing market.

Steelcase (US), Stratasys (US), 3D Systems (US), Materilise (Belgium), ExOne (US), EOS (Germany), Dassault Systemes (France), Autodesk (US), Native Canada Footwear (Canada), and BMW (Germany) are among a few major players operating in the rapid liquid printing market.

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Rapid liquid printing market for services to grow at a higher CAGR during forecast period

The rapid liquid printing market for services is expected to grow at a higher CAGR during the forecast period. The high growth is expected due to the projected increase in the demand for custom design and manufacturing. With the increasing number of companies offering 3D printing services, it is expected that several companies will adopt rapid liquid printers for manufacturing purposes.  As the rapid liquid printing technology facilitates the manufacturing of products with complex geometries and offers competitive pricing compared to traditional manufacturing methods, several companies across industries are expected to outsource everything—from the design to the production of customized products to sustain in the highly competitive markets. As a result, the market for rapid liquid printing services is expected to witness the highest growth rate.

Rapid liquid printing market for automotive vertical is expected to grow at highest CAGR during forecast period

The rapid liquid printing market for automotive vertical is expected to capture the highest CAGR during the forecast period. This growth is mainly driven by the increasing demand for hybrid vehicles and battery-operated vehicles, along with the development of autonomous vehicles, is driving the growth of the global automotive industry. Moreover, the rise in demand for electric and autonomous vehicles is expected to fuel the demand for new automobile components and improved engine design. The adoption of 3D printing technologies to decrease the overall manufacturing cost of vehicles and improve interior designs is expected to fuel the market for 3D printing technologies in the automotive vertical.

Rapid liquid printing market in APAC to be fastest-growing market during forecast period

Rapid liquid printing market in APAC is expected to be the fastest-growing market. The growing demand for 3D printing technologies from automotive, aerospace & defense, utility, and healthcare verticals in APAC is expected to support the growth of rapid liquid printing in the region. The requirement to meet the demand for consumer products of the growing population in APAC, along with the ongoing industrialization in emerging economies, is expected to fuel the growth of consumer products and automotive verticals in this region. This, in turn, is expected to contribute to the growing demand for 3D printing technologies, which again translates to the growing demand for rapid liquid printing in APAC. China and Japan are expected to be major markets for rapid liquid printing in APAC. Japan is home to major automobile manufacturers and suppliers who are facing challenges of high labor costs and increased lead time taken by conventional production processes. As such, companies are adopting automated and advanced production technologies to overcome these challenges. The use of additive manufacturing technologies in these countries is expected to fuel the growth of the market for rapid liquid printing in APAC.

Public Public Safety-LTE Market Size, Growth & Outlook - 2030

The Public safety LTE market is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025; it is expected to grow at a CAGR of 21.1% during the forecast period. Increase in demand for unmanned vehicles globally and adoption of LTE technology to eliminate the existing interconnectivity issues between different networks seamless data connectivity offered by LTE technology are driving the growth of the PS-LTE market during the forecast period.

Public safety LTE market is dominated by globally established players such as Motorola Solutions (US), Nokia(Finland), Hytera(China), General Dynamics(US), and AT&T (US).

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PS-LTE infrastructure market is expected to dominate in the Europe region

The growth of the PS-LTE market for infrastructure in Europe can be attributed to the ongoing initiatives in the region to replace the fully functional TETRA network with PS-LTE systems by 2020. Europe launched the emergency services mobile communications program (ESMCP) in 2013 that aims to provide LTE-based communication systems to first responders. Under this program, a new network, known as the emergency services network (ESN), is being developed. In June 2019, the Home Office of the UK allowed US-based Motorola Solutions to provide software for this ESN network while UK-based EE Limited developed the network infrastructure.

Law enforcement & border control application for commercial LTE segment is projected to hold the largest share during forecast period

The growth of the law enforcement & border control segment for commercial LTE can be attributed to the high popularity of commercial LTE deployment model in this application owing to low initial costs and reduced time of deployment. Commercial LTE deployment model uses existing networks of commercial carriers to provide public safety services to first responders. Furthermore, no network CAPEX is required in this deployment model, making it ideal for public safety agencies, which demand quick and low-cost PS-LTE services.

The adoption of public safety-LTE was significant in the North America region

The growth of the PS-LTE market in North America is largely driven by an increase in the number of terrorist attacks; the occurrence of natural calamities such as floods, cyclones, forest fires, and earthquakes; and cyberattacks in the region. For instance, the 9/11 attack in the US triggered the requirement for public safety communication as there were several cases of communication breakdown among different government agencies during this attack.

Automatic Identification and Data Capture Market Size - 2030

The automatic identification and data capture market size is expected to grow from USD 40.1 billion in 2020 to USD 80.3 billion by 2025; it is expected to grow at a CAGR of 14.9% during 2020–2025.

Key factors fueling the growth of this market include growing e-commerce industry globally; increasing use of smartphones for QR code scanning and image recognition; rising adoption of AIDC solutions due to their ability to minimize queuing and transaction time and provide greater convenience to users in making small-value payments; and surging adoption of AIDC solutions by banking and financial institutions to ensure customer safety and security, along with data privacy.

Honeywell (US), Datalogic S.p.A. (Italy), Zebra Technologies (US), SICK AG (Germany), Cognex Corporation (US), Toshiba (Japan), Panasonic Corporation (Japan), Thales (France), and NXP Semiconductors N.V. (Netherlands) are a few major companies in the AIDC market.

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Hardware component held the largest market share of AIDC market in 2019

The hardware component is expected to account for the largest share of the AIDC market by 2025. The high requirement for hardware components in several automatic identification and data capture products such as barcoding solutions, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID tags, printers and readers, tablets, wearables, VR devices, heads-up display devices, Google Glass, and biometric systems, has contributed to the largest size of the hardware segment.

Manufacturing vertical held share of AIDC market in 2019

The manufacturing vertical is expected to continue to account for the largest size of the AIDC market. The leading position of the manufacturing vertical, in terms of market size, can be attributed to enhanced production efficiency and reduced operational costs achieved with the utilization of AIDC products, thereby enabling the manufacturing vertical to effectively manage the increasing number of goods flowing through the supply chain process. Hence, the manufacturing vertical is likely to witness a high demand for AIDCs during the forecast period.

APAC is expected to hold a significant share of AIDC market by 2025

APAC accounted for the largest share of the AIDC market by 2025. The AIDC market in APAC is expected to grow at the highest CAGR during the forecast period. Many retail and logistics companies are expanding their presence in the region to capitalize on the increased purchasing power of the middle-class people, which has led to the growth of the automatic identification and data capture market in the region. Moreover, the significant presence of several market players, such as Panasonic (Japan), SATO (Japan), Toshiba (Japan), Godex (Taiwan), and Optoelectronics (Japan), in the region is likely to propel the growth of the automatic identification and data capture market in APAC.

Commercial Lighting Market Size, Demand & Outlook to 2031

The commercial lighting market is projected to reach USD 21.8 billion by 2025 from USD 8.2 billion in 2020; it is expected to grow at a CAGR of 21.5% during the forecast period.

The most significant factors driving the growth of this market are the ongoing and upcoming smart city projects in the developing countries, growing focus of governments worldwide on energy consumption, increasing acceptance of standard protocols for lighting control systems, escalating demand for LED lights and luminaires for use in outdoor applications, and surging use of integrated lighting control systems.

Signify (Philips Lighting) (Netherlands); Legrand S.A. (France); Acuity Brands, Inc. (US); GE Current, a Daintree Company (US); OSRAM Licht AG (Germany); Leviton Manufacturing Company, Inc. (US); Lutron Electronics (US); Hubbell Incorporated (US); LEDVANCE GmbH (Germany); Schneider Electric SE (France); Ideal Industries, Inc. (Cree Lighting) (US); and Zumtobel Group (Austria)  are a few major players in the commercial lighting market.

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Based on end-use application, the indoor segment held the largest share of the commercial lighting market in 2019.

The market for indoor smart lighting is expected to hold the larger share, owing to the high demand in commercial space. In these applications, smart lighting is an essential element in creating a modern workspace that attracts customers with changing preferences. It continues helping owners to create a flexible working environment, reduce expenses, improve work efficiencies, and create quality lighting that enhances the occupant experience. Hence, the adoption of smart lighting in commercial spaces is gaining more traction and has a high opportunity in the near future due to smart city initiatives by governments across the world.

The wired communication technology segment projected to account for a larger size of the commercial lighting market during the forecast period.

The wired segment is estimated to continue to hold a larger share of the commercial lighting market during the forecast period. Wired technology offers reliable performance and greater control. However, the cost of wiring and installation is high, especially in a commercial setting. This high cost, therefore, acts as a restraining factor for the adoption of wired technology-based smart lighting solutions.

Asia Pacific (APAC) is projected to be the fastest-growing market for commercial lighting market. This growth can be attributed to the rapid infrastructure development activities being undertaken in APAC, mainly in China, where smart lighting solutions pave the way for the modernization of infrastructure. Projects related to infrastructure modernization and development, such as smart cities, across the region would also drive the demand for smart street lights, thereby propelling the growth of the market for commercial smart lighting in this region. The increasing number of smart city and smart infrastructure projects undertaken by the governments will create several new opportunities for energy-efficient lighting and advanced lighting systems in the next few years.

Solid State Relay Market Size, Share, Trends and Revenue

The Solid state relay market report size is projected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025; it is expected to grow at a CAGR of 6.6% from 2020 to 2025.

The growth of the solid state relaymarket is majorly driven by surging growing adoption of high-tech electronics and automation in consumer electronics industry, increasing complexity in automobile circuits of electric vehicles, and robust features of solid state relays.

The major players are Crydom (US), Omron Corporation (Japan), Carlo Gavazzi (Switzerland), Vishay Intertechnology (US), Omega Engineering (US).

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AC output voltage expected to contribute the largest share to the solid state relay market during the forecast period

AC relays are available in a wide range of current ratings, i.e., 0–150 Amps. They are used in almost all applications, from industrial automation to medical equipment, because of the availability of a wide ampere range. The growing industrial automation market across the world is fueling the demand for AC relays.

Medium current rating segment expected to lead the solid state relay market in 2020

The medium current rating segment is expected to dominate the solid state relays market in 2020, contributing the largest share. The increasing usage of medium current rating SSRs in the industrial controls, industrial OEMs, and automotive & transportation segments is supporting the growth of the market. On the other hand, Increasing use of high current rating SSR in the elevators, conveyor systems, and machine tools to fuel the growth of high current rating segment.

Solid state relay market in APAC contributed the largest share between 2020- 2025.

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

Tank Level Monitoring System Market Trends

The global tank level monitoring system market size is expected to grow from USD 757 million in 2020 to USD 1,057 million by 2025, at a CAGR of 6.9%.

Growing demand from process industries and growing demand for IoT-based tank level monitoring systems are the key factors driving the growth of the tank level monitoring system market.

TE Connectivity (Switzerland), Emerson Electricl (US), Graco Inc (US), Piusi (Italy), Tank Scan (US), Gauging Systems (US), Varec Inc (US), Digi International (US), Dunraven Systems (Ireleand), Schneider Electric (France), Pneumercator  (US), The Southern Company (US), Skybitz (US), AIUT (US), AXSensor (Sweden), HMS Networks (Switzerland), Kingspan (Ireland), Schmitt Industries Inc (Germany), Oriel Systems (UK) and Powelectrics (UK) are a few major companies dominating the Tank level monitoring system market.

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Tank Level Monitoring System Market for Oil & fuel to hold largest share

The market for oil & fuel accounted for the largest size in 2019. The levels of oil and fuel in storage tanks must be continuously monitored because of strict safety and environmental requirements. Overfilling or product discharge on deck and into the sea could have devastating consequences for human life and the environment. The charging and discharging procedures have to be carefully supervised. Advancements in technology have allowed the level sensing technology to measure oil and fuel levels in storage tanks. IoT-based solutions are also gaining traction in the oil & gas industry.

Tank Level Monitoring System Market for invasive product type to hold largest share

The market for  invasive  type is estimated to account for the largest share of the overall tank level monitoring system market in 2019. Invasive tank level monitoring solution products offer a direct and reliable method to monitor a variety of liquid types. These types of products are compatible with most fluid types. The main advantage of the invasive type of products is that they are non-powered and are relatively inexpensive as compared to the non-invasive type of tank level monitoring system products.

Tank Level Monitoring System Market in APAC to grow at highest CAGR during the forecast period

In terms of value, APAC  to grow at highest CAGR during the forecast period.  Among all applications, the oil & fuel segment is the most dominant application in the APAC tank level monitoring system market. APAC is expected to show significant growth in the oil & gas industry. India is expected to be one of the largest contributors to non-OECD petroleum consumption growth globally.

Intelligent Power Module Market Size, Share, Competition Analysis, Outlook, and Forecasts

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.

The top intelligent power module companies in the market are Mitsubishi Electric (Japan), ON Semiconductor(US), Infineon Technologies(Germany), Fuji Electric(Japan), and Semikron (Germany) among others.

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Upto 600 V segment is expected to have the largest size of the intelligent power module market in 2021

The market for the up to 600 V segment held the largest share of the overall market in 2021. IPMs with voltage ratings up to 600 V exhibit various features, such as reduced time to market, increased reliability, and reduced system cost and space. IPMs with a voltage rating of up to 600 V comprise rugged and efficient high-voltage MOSFETs and IGBTs specifically optimized for variable frequency drives. These IPMs are widely used in consumer electronics. They provide a compact design and high performance for AC motor drives. IPMs using 600 V IGBTs are used in industrial applications such as driving fans, pumps, and compressors.All these features are expected to surge demand for the said segment in intelligent power module market.

The market for consumer electronics vertical is expected to grow at a higher CAGR during the forecast period

The consumer electronics segment is projected to grow at a higher CAGR of the intelligent power module market during the forecast period. The growing use of consumer electronic devices, such as smartphones, tablets, and smart wearables, is expected to drive the demand for power electronics devices in power management applications. The increasing adoption of power electronics in home appliances is also expected to boost the growth of the consumer electronics segment. Manufacturers of consumer electronics are shifting from fixed-speed drives to inverter-based motor controls. Inverter-based control can adjust the speed and torque of the motor instead of just turning the motor on and off the way fixed-speed drives do. While this type of control has its benefits in terms of efficiency, consumers also benefit from the interiorization trend: appliances with digital inverters have longer lifetimes, make less noise, consume less energy, and ultimately help consumers save money. Such trends are expected to boost the market for IPMs in consumer electronics vertical.

The intelligent power module market in Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific is expected to be the largest contributor to intelligent power module market during the forecast period. Rapid industrialization and infrastructure developments are driving the growth of consumer electronics and automotive industries in China that is expected to increase the demand for intelligent power modules in the country. Additionally, there has been observed a growing number of industrial activities due to growing focus of governments on generating power through renewable sources. This ia also expected to provide opportunity for market. Thus, the surging demand for consumer electronics and automotive due to EVs and HEVs as well as other industrial activities in the region will drive huge demand for intelligent power module market in Asia Pacific.

Palletizer Market: Global Industry Analysis and Forecast 2029

The global palletizer market size is estimated to be valued at USD 3.2 billion in 2024 and is anticipated to reach USD 4.1 billion by 2029, at a CAGR of 5.2% during the forecast period.

The market growth is ascribed to adoption of advanced technologies in pallletizers, rising demand for palletizers in e-commerce industry, and increased deployment of palletizers in food & beverage industry.

The major companies in the palletizer companies are KION GROUP AG (Germany), FANUC CORPORATION (Japan), KUKA AG (Germany), Honeywell International Inc. (US), Krones AG (Germany), ABB (Switzerland) and others. These companies have used organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships to strengthen their position in the palletizer market.

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The conventional technology segment accounted for the largest share of the palletizer market in 2023

Technology segment is segmented into conventional palletizer and robotic palletizer. A conventional palletizer is a palletizing machine that uses mechanical arms, grippers, or other mechanisms to systematically stack products onto pallets. Conventional palletizers offer several advantages in industrial settings, characterized by their reliability, cost-effectiveness, and ease of maintenance. These systems have a proven track record and user-friendly operation, and they are well-suited for applications with consistent product sizes and palletizing patterns. Conventional palletizers are known for their high throughput in standardized applications and can be space efficient while providing flexibility in design.

The boxes and cases segment is to hold the largest market share during the forecast period

The boxes and cases palletizers are specialized machines designed to automate the stacking and palletizing of individual boxes, cartons, or cases onto pallets.  These packaging formats are extensively employed across diverse industries, featuring standardized shapes and sizes ideal for automated palletizing processes. Automated palletizers efficiently manage the high volume of goods packaged in boxes and cases, optimizing stacking patterns and maximizing pallet load stability. These palletizers are commonly used in the food and beverage, consumer goods, pharmaceuticals, logistics, and e-commerce and retail industries, where products are packaged in smaller units for distribution and storage.

Pharmaceuticals industry will grow at the highest CAGR during the forecast period

The pharmaceuticals industry involves companies researching, developing, manufacturing, and distributing drugs and medications for medical use. Palletizers are extensively used in the pharmaceuticals industry to automate the palletizing of packaged pharmaceutical products for storage, transportation, and distribution. Pharmaceuticals are typically packaged in various forms, including bottles, vials, blister packs, and cartons. Stringent regulations and quality standards mandate precise handling and adherence to safety protocols, which automated palletizing solutions effectively ensure, minimizing the risk of contamination and human error. With increasing demand for pharmaceutical products, automated palletizers facilitate scalable production volumes while maintaining product

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

The Asia Pacific region is segmented into China, Japan, India, and the Rest of Asia Pacific,  representing the fastest-growing market for palletizers. Both China and India stand out as the world's fastest-growing economies. The rapid industrialization and urbanization in countries across the region, such as China, India, and Southeast Asian nations, are driving increased demand for automation solutions in various industries, including manufacturing, logistics, and warehousing. The increase in industrial activity calls for effective material handling procedures, and palletizers are crucial for optimizing workflows and raising output. Rising disposable incomes and shifting customer preferences are also driving the retail and e-commerce industries' expansion, which is increasing the need for palletizing systems to control the flow of goods in warehouses and distribution centers.

HVAC Controls Market Size Trends Forecast Strategies

The 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.

The HVAC controls companies is dominated the market by Honeywell International Inc. (US), Johnson Controls (US), Siemens (Germany), Carrier (US), and Emerson Electric Co. (US).

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Market for HVAC control sensors to hold the highest CAGR during the forecast period

HVAC control sensors are expected to grow at the highest CAGR during the forecast period. Amogn the different sensors used, temperature and humidity sensors are the most widely used sensors in an HVAC control system. The rapid technological growth in IoT and Ai devices have propelled the market for smart sensors used in HVAC control systems. Moreover, the integration of wireless sensors into HVAC controls ensures the optimum utilization of the space for setting up an entire system. Reduced installation cost, miniaturization of sensor nodes, and better connectivity than wired sensors are the major factors that accelerate the demand for wireless sensors.

HVAC controls market for temperature control systems to hold the highest market share from 2022 to 2027

Temperature control systems automatically control the temperature of a zone or an area. They sense and measure the temperature of an indoor area and accordingly to the temperature set as input by the user. They heat or cool the area to reach the set temperature levels. These systems use various HVAC equipment, such as air-conditioners, space heaters, and coolers, to change the area's temperature. A temperature control system consists of sensors, controllers, and HVAC equipment. The thermostat is a prime example of a temperature control system. In 2016, only 11% of US households owned a smart thermostat. By January 2022, the number reached 24% and is still growing. Energy efficiency and long-term cost savings are usually among the top reasons homeowners are demanding smart thermostats.

HVAC controls market in Asia Pacific to hold the highest market share during the forecast period

Asia Pacific held the largest share of the HVAC controls market in 2021; it is expected to register the highest growth rate from 2022 to 2027. Asia Pacific has been a major contributor to the growth of the overall market as this region has a huge market for the construction industry, which is the primary end-user of HVAC controls. The growing population in developing countries of this region, along with environmental awareness, is supporting the adoption of HVAC controls. The rise in the adoption of green buildings and government initiatives to regulate energy-efficient practices across the commercial sector are also aiding the adoption of HVAC controls industry in the region.

AI Infrastructure Market: Size, Share, and Growth Forecasts

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.

Some of the AI infrastructure companies in the market are NVIDIA Corporation (US), Intel Corporation (US), Oracle Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Micron Technology, Inc (US), Advanced Micro Devices, Inc. (US), International Business Machines (IBM) Corporation (US), Google LLC (US), Microsoft Corporation (US), Amazon Web Services, Inc. (US) , SK Hynix, Inc. (South Korea), MIPS (US), Toshiba Corporation (Japan), Imagination Technologies (UK), Cambricon Technologies Corp. Ltd. (China), Graphcore (UK), Gyrfalcon Technology Inc (US).

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Hybrid segment in deployment type to hold second largest share of AI infrastructure market during the forecast period

Hybrid deployment model holds the second largest market share in AI infrastructure market during forecast period. The advantage of a hybrid cloud is its increased agility; therefore, it is widely accepted by enterprises to gain a competitive advantage. Automotive, healthcare, and industrial organizations started adopting hybrid infrastructure that combines different technologies and methodologies such as virtualization, private clouds, and other internal IT resources.

China in APAC to account for the largest market share and highest growth rate during the forecast period

The market in China among APAC countries, holds the largest market share and highest growth rate and is expected to retain its position during the forecast period. The AI infrastructure market in China is growing rapidly. As multinational and domestic enterprises increasingly transit to cloud services providers (CSPs) and co-location solutions, the growth of AI data centers in China continues to evolve. The demand for AI data centers in the country has increased due to organizations seeking enhanced connectivity and scalable solutions for their growing businesses. Various government reforms and initiatives, such as the establishment of free trade in Shanghai, are attracting international investors.

APAC to account for the largest market share and highest growth rate during the forecast period

The market in Asia Pacific holds the largest market share and highest growth rate and is expected to retain its position during the forecast period. The high growth is due to the presence of most populous countries such as China and India.

India is one of the world's fastest-growing economies, with a huge interest in AI's worldwide development. The Indian government recognizes the potential and is taking all necessary steps to steer the country and place it among the leaders in AI. Despite the favorable ecosystem, the government is trying to overcome to achieve rapid progress in AI. Similarly, the Chinese government is speeding up the construction of new infrastructure projects such as 5G networks and data centers, bolstering information services for the expanding market. Also, the government announced the establishment of the Next Generation Artificial Intelligence Development Plan, which promises policy support, central coordination, and investments of more than USD 150 billion by 2030.

Inductor Market Size, Share, CAGR, Demand & Forecast

The 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.

Consumer electronics is a rapidly changing and dynamic industry, wherein the competition among the market players and game-changing technological developments are increasing significantly. These innovations and technological developments are assisting the manufacturers of consumer electronic devices in enhancing the features and the quality of their products.

Major inductor companies in the market include Murata Manufacturing (Japan), TDK (Japan), Vishay Intertechnology (US), TAIYO YUDEN (Japan), Chilisin Electronics (Taiwan), Delta Electronics  (Taiwan), Panasonic (Japan), ABC Taiwan Electronics (Taiwan), Pulse Electronics (US), Coilcraft (US), Shenzhen Sunlord Electronics (China), Bourns (US). Apart from these, Sumida (Japan), ICE Components (US).

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Inductor market share for power applications is expected to grow at the highest CAGR during the forecast period

Power applications segment is expected to exhibit the highest growth during the forecast period. Inductors are widely used as energy storage devices in many switched-mode power supplies to produce DC currents. Most of the power inductors are used as filters to reduce the amount of ripple in electronic circuits. Thus, the market for power applications is expected to grow at the highest CAGR during the forecast period.

Inductor market for surface-mount inductors is expected to grow at a higher CAGR during forecast period

Surface-mount power inductors are mainly used for power supplies to power converters. 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.

Inductor market analysis in Asia Pacific estimated to grow at the fastest rate during the forecast period

Asia Pacific plays a pivotal role in the development of the electrical and electronics industry. A few of the leading inductor manufacturing companies such as TDK (Japan), Murata Manufacturing (Japan), Taiyo Yuden (Japan), Chilisin Electronics (Taiwan), Delta Electronics (Taiwan), Panasonic (Japan), ABC Taiwan Electronics (Taiwan), Shenzhen Sunlord Electronics (China), and Sumida (Japan) are based in Asia Pacific. Several electronic manufacturing companies in other regions outsource their production to low-cost countries in Asia. This is more distinct in segments with higher demand for labor-intensive tasks such as passive electronic components and semiconductor assembly and testing operations. As Asia Pacific has low labor cost 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. The significant growth toward manufacturing and the potential of China, Japan, and India largely contribute to this growth trend.

EMC Filtration Market Size, Share, Trends, Opportunities & Growth

The EMC Filtration market is projected to grow from USD 1.2 billion in 2023 to USD 1.6 billion by 2028; it is expected to grow at a CAGR of 5.5% from 2023 to 2028.

Increasing government efforts for electronic components and equipment manufacturers to comply with stringent EMC regulations will drive the EMC filtration market growth in the coming years. The rise in the usage of EMC filtration products in home appliances, data centers, building technologies, and many other fields will drive the growth of this market. Considering the health risks caused by electromagnetic frequencies, various developing countries are inclined towards deploying EMC regulations, further strengthening the EMC filtration market.

The prominent players in the EMC Filtration market are Schaffner Holding AG (Switzerland), TE Connectivity (Switzerland), TDK Corporation (Japan), Delta Electronics (Taiwan), Littlefuse, Inc. (US), Schurter Global (Switzerland), Astrodyne TDI (US), Soshin Electric Co., Ltd. (Japan), Sinexcel (China), MORNSUN Guangzhou Science & Technology Co., Ltd. (China). These companies not only boast a comprehensive product portfolio but also have a strong geographic footprint.

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3-phase EMC filters to grow at a high CAGR during the forecast period

3-phase EMC filters are experiencing increasing demand for high-power applications such as test equipment and industrial machinery. These 3-phase EMC filters help reduce unwanted electromagnetic interference within the conducted area of electromagnetic susceptibility of various applications such as motor drives, machine tools, and frequency converters. The general requirements for a 3-phase EMC filter design include line voltage, input currents, insertion loss, and size limitation. The market players are developing next-generation 3-phase EMC filters with optimized packaging for new designs and technology used in industrial machines. The new compact designs of 3-phase EMC filters help reduce carbon footprint significantly and allow the integration of connection terminals within the filter cubical. Three-phase EMC filters are widely used in industrial and commercial applications requiring reliable and stable electrical systems.

Home Appliances applications to grow at a significantly higher CAGR during the forecast period

EMC filtration is necessary in-home appliances to minimize the impact of EMI and ensure the reliable operation of the devices. EMC filters can help to filter out unwanted signals and provide a clean power supply to electronic components, reducing the impact of EMI on the accuracy of data transmission, audio and video quality, and the performance of other electronic equipment in the same environment. Additionally, EMC filtration is critical in ensuring the safety and health of consumers, as certain types of EMI can interfere with the operation of pacemakers and other medical devices. With the increasing usage of appliances such as televisions, smartphones, refrigerators, washing machines, air conditioners etc., will tend to increase the scope of growth of this segment in the coming years.

Asia Pacific accounted for the largest share of the EMC Filtration market in 2022

Asia Pacific accounted for the largest share of the EMC Filtration market in 2022. The increasing technological advancements, increasing government regulations, and the increase in the manufacturing and usage of electrical and electronic devices owing to the increasing population will tend the market in this region to be the largest in 2022 and throughout the forecast period. China is likely to dominate EMC filtration market in Asia Pacific between 2023 and 2028. China is well known for its manufacturing industry globally. According to the National Bureau of Statistics of China, the factory wages in the country are rising at double digits, fueling the demand for industrial robots and automation technology. Both domestic and foreign-based manufacturers in China are endeavoring to boost their productivity using automation technologies. Subsequently, increasing government initiatives and subsidies to accelerate the manufacturing sector will increase the demand for EMC and power quality filters.

Flame Detector Market Size - Industry Trends by 2024-2030

The global flame detector market size is expected to grow from USD 1.7 billion in 2022 to USD 2.1 billion by 2027, at a CAGR of 5.0% during the forecasted period. The growing technology implementation, rise in adoption from key industries, and the strict policies, and regulations for fire protection are the key drivers for the flame detectors.

Flame detection is a risk avoidance and management practice which helps to reduce and avoid the risk of fire in public and private infrastructure. It involves the combined efforts of federal custodians and tenants, private building owners, and local fire service agencies.

The flame detector companies are dominated by a few globally established players such as Johnson Controls (Ireland), Siemens (Germany), MSA (US), Honeywell (US), and Halma (UK), Hochiki (Japan), Carrier Global (US), Emerson Electric (US), Robert Bosch (Germany), Draeger (Germany), Teledyne Technologies (US), and Nohmi Bosai (Japan) among others.

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Single UV flame detector to have the highest market share during the forecast period

The market for single UV flame detectors in expected to have the highest market share over the forecast period. This is due to the high demand from the oil and gas and energy and power industries or this detector. These are the preferred general purpose flame detectors as all fires emit UV radiations. The cost of UV flame detectors is also lower compared to the newer dual UV/IR or triple IR flame detectors. Additionally, the supply of single UV flame detectors is higher compared to the other new flame detectors and they are easily available to the consumers.

Pharmaceutical industry to observe the fastest growth rate during the forecast period

The pharmaceutical industry is expected to be the fastest growing market for flame detectors implementation during the forecast period. The increasing use of various chemicals and products that emit fumes along with the rigorous lab testing and research conducted in the pharmaceutical industry are driving the demand for flame detectors. The substantial investment in the pharmaceutical industry due to the pandemic has allowed the pharmaceutical industry to expand and this has also driven the demand for flame detectors.

Europe to hold the second largest market during the forecast period

Europe is expected to hold the second largest market share during the forecast period. The technology adoption in the flame detector market is the highest in the European region. Europe is an organized market with the presence of all the stakeholders within the flame detector value chain. The strict policies, regulations and laws implemented in the European region also drive the high demand for flame detectors in the region. The small and medium sized companies are rapidly growing in the European region.

Smart Mirror Market Share, Analysis, Size, Prominent Players, and Forecast to 2024 to 2030

The global smart mirror market size is estimated to be USD 2.7 billion in 2022 and is projected to reach USD 5.9 billion by 2027, at a CAGR of 16.8% during the forecast period.

Smart mirrors equipped in automobiles play a key role in ensuring driving comfort and safety. The smart mirrors integrated into high-end vehicles are equipped with electro chromatic auto dimming mirror, which improves visibility in low light and decreases eye strain and tiredness in drivers.

Some of the key players operating in the smart mirror market include Gentex Corporation (US), Ficosa (Spain), Seura Solutions (US), Magna International (Canada), Japan Display Inc. ("JDI") (Japan), Murakami Kaimeido (Japan), Harman International Industries (US), ad notam (Germany), Dension (Hungary), and Keonn Technologies (Spain) are among the major players in the smart mirror market.

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Smart mirror hardware segment likely to account for largest market share during the forecasting period

The hardware market is projected to account for the largest share during the forecast period as hardware components such as displays, cameras, and sensors, along with connectivity and audio components, form a major share of the cost of the complete smart mirror system. The smart mirror offers a platform for shoppers to try on new clothes, check the sizes or varieties of clothes in a store, and share information related to the tried clothes on social media platforms. Smart rear-view mirrors are being increasingly utilized to enhance safety in cars and reduce complications of camera systems. Smart rear-view mirrors for automotive applications can work normally even in the event of poor weather conditions with minimum obstructions to drivers. Unlike conventional mirrors, electric mirrors utilized in vehicles have the features of auto-adjusting their displays under different light intensities and thus provide better assistance to drivers under all weather conditions.

Automotive segment likely to dominate the smart mirror market by 2027 due to the increasing deployment of digital rear-view mirrors in vehicles

The automotive segment dominated the smart mirror market in 2021 and is expected to lead the smart mirror market through 2027. The dominance of the segment is attributed to the increasing deployment of digital rear-view mirrors in vehicles. The rising number of mirrorless vehicles due to the rising trend in the adoption of smart camera-based display mirrors is propelling the growth of the market. Currently, approximately 30 percent high-end vehicles on roads have inside mirrors with inbuilt electrochromic technology while approximately 10 to 15 percent outside mirrors have inbuilt electrochromic features. The penetration of electrochromic mirrors with the auto-dimming feature is expected to witness significant rise in the years to come. Intelligent interior and exterior auto-dimming smart mirrors provide added value by enhancing the driving experience and increasing safety and driving comfort.

Europe likely to dominate the market during the forecast period due to increasing adoption of smart mirrors in the automotive, retail, and smart homes application

Europe is expected to lead the smart mirror market between 2022 and 2027. Some of the major factors propelling market growth in Europe include increasing adoption of Electric Vehicles (EVs) in the region, and emphasis on automation of various end-use industries including automotive and retail. The presence of a significant number of automotive manufacturers leads to the high demand for rear-view electric mirrors in the region. Europe is home to major automobile manufacturers such as Volkswagen (Germany), BMW (Germany), and Daimler (Germany) which are expected to create significant demand for auto-dimming smart mirrors. The region is also known for its stringent safety regulations and advanced technologies. Automotive OEMs in Europe focus on developing new technologies to meet the increasing demand for advanced features and increasingly stringent safety norms.

Silicon on Insulator Market Size, Growth Drivers & Analysis

The global Silicon on Insulator Market size is projected to reach USD 2.9 billion by 2027 from an estimated USD 1.4 billion in 2022, at a CAGR of 15.0% from 2022 to 2027.

Surging adoption of FD-SOI in IoT devices and ML applications and establishment of facilities to enhance SOI production are among the factors driving the growth of the SOI market.

Soitec (France), Shin-Etsu Chemical (Japan), GlobalWafers (Taiwan), SUMCO Corporation (Japan), Shanghai Simgui Technology (China), GlobalFoundries (US), STMicroelectronics (Switzerland), Tower Semiconductor (Israel), NXP Semiconductors (Netherlands), Murata Manufacturing (Japan), are some of the silicon on insulator companies.

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By wafer type, FD-SOI of Silicon on Insulator Market to grow with the highest CAGR in the forecast period

The FD-SOI wafers segment of silicon on insulator market is anticipated to record the highest CAGR during the forecast period. Market growth is driven by their advantages—high flexibility, easy implementation, low cost, less complexity, reduced leakage currents, and their ability to optimize power/performance tradeoffs. Several FD-SOI wafer manufacturers are focusing on product launches and collaborations with other players in the silicon on insulator market to strengthen their product portfolio and cater to the increasing demand for FD-SOI wafers. For instance, in August 2022, Google is expanding its open-source chip development effort with Skywater Technology, a US foundry, to a 90 nm FD-SOI technology.

MEMS devices of Silicon on Insulator Market is expected to record the highest CAGR in the forecast period

The MEMS devices segment of silicon on insulator market is expected to record the highest CAGR during the forecast period. The growth of the MEMS devices segment is attributed to the rising use of SOI wafers in MEMS devices for consumer electronics, automotive, and industrial applications. Additionally, the presence of many ecosystem players providing SOI wafer-based MEMS and their continuous development have bolstered market growth.

Consumer electronics accounted for the largest size of the Silicon on Insulator market in 2021

SOI-based wafers are used in consumer electronics such as smartphones, tablets, wearables, laptops, cable modems, televisions, and set-top boxes to reduce their size, lower their power consumption, increase their operational speed, and extend their battery life, among others. These wafers also offer enhanced performance and are less dependent on device temperature. SOI-based microprocessors also require lesser space than conventional embedded memory. As a result, the demand for SOI in consumer electronics is increasing rapidly. In 2021, the consumer electronics segment accounted for the largest share of the silicon on insulator market.

By 2027, Silicon on Insulator Market in Asia Pacific is projected to grow with the fastest CAGR in the forecast period

The silicon on insulator market in APAC is expected to record the highest CAGR during the forecast period. Market growth is attributed to the rising demand for consumer electronics such as smartphones, tablets, laptops, and smart wearables. Moreover, government investments and expansions of several semiconductor foundry players and wafer manufacturers contribute to market growth.

Smart Card IC Market Size & Industry Trends Report to 2030

The global smart card IC market is projected to reach USD 3.9 billion by 2027 from an estimated USD 2.9 billion in 2022, at a CAGR of 6.3% from 2022 to 2027. The growth of the smart card IC market can be attributed to rise in the contactless payments post COVID-19 outbreak and adoption of ID cards across various organizations and educational institutions.

Some of the smart card IC companies are Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherland), Samsung Electronics Co., Ltd. (South Korea), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (US), CEC Huada Electronic Design Co., Ltd. (China), Analog Devices, Inc. (US), Sony Group Corporation (Japan), Toshiba Corporation (Japan), and ON Semiconductor Corporation (US).

Earlier, most people were using contact-type smart cards. However, with the outbreak of the COVID-19 pandemic, people shifted towards contactless payment options. Contactless payment refers to a no-touch form of payment using a credit, debit, or gift card on a point-of-sale (POS) system equipped with adequate technology.

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The ID cards application is projected to register the highest CAGR 2022 to 2027

The ID cards application is projected to register the highest CAGR during the forecast period. The growth can be attributed to rising focus of government of different countries on transforming paper-based ID cards into chip-based ID cards to avoid illegal activities and protect citizens from identity theft. Governments of several European countries have rolled out circulars for mandating the integration of chips in ID cards. In response to this, there were over 9 million university students using student smart cards across 279 universities in Spain, Portugal, and Latin America.

Government and healthcare segment is projected to register the highest CAGR during the forecast period

The government and healthcare segment is projected to grow at the highest CAGR during the forecast period. The growth of the segment can be attributed to an increase in the adoption of eID cards, including national cards, drivers’ license, ePassports, ID cards, eHealth cards, and other vital government documents. The COVID-19 pandemic fueled the need to regulate the use of e-government documents as they can help in tracking citizen details. Further, e-health cards have the potential to improve the patient experience by storing key medical data and medication history and by serving as an electronic prescription. These cards can also be used to securely store social security numbers.

Asia Pacific is expected to register the highest growth in the smart card IC market during the forecast period

The smart card IC market in the Asia Pacific is expected to register the highest growth during the forecast period due to the ongoing technological innovations in the telecommunications, BFSI, government and healthcare, and transportation verticals, the increasing adoption of digital technologies, and rapid urbanization and industrialization. Other prominent drivers are the rising adoption of IoT devices, increasing deployment of digital technologies in retail, corporate, education, and entertainment industries, and growing electrification in the transportation industry.

What is the future of non-volatile memory?

Global Non-volatile memory market is projected to grow to USD 124.1 billion by 2027 from USD 74.6 billion in 2022; growing at a CAGR of 10.7% from 2022 to 2027.

The market is driven by the increasing demand for high-speed, low-power, and reliable memory solutions. Non-volatile memory is a type of computer memory that can retain data even when the power is turned off, unlike volatile memory such as RAM. These memories are widely used in various applications such as smartphones, tablets, laptops, and data centers.

The non-volatile memory companies are SAMSUNG (South Korea), Western Digital Technologies, Inc. (US), KIOXIA Holdings Corporation (Japan), Micron Technology, Inc. (US), and SK HYNIX INC. (South Korea) among others. The other companies profiled in the report are Microchip Technology Inc. (US), ROHM CO., LTD. (Japan), Renesas Electronics Corporation (Japan), STMicroelectronics (US), Infineon Technologies AG (Germany), Nantero, Inc. (US), Crossbar Inc. (US), Everspin Technologies Inc. (US), Winbond (Taiwan), Pure Storage, Inc. (US), Fujitsu (Japan), Viking Technology (US), NVMdurance (Ireland), Avalanche Technology (US), SMART Modular Technologies (US), Flexxon Pte Ltd (Singapore), YMTC (China), ATP Electronics, Inc. (Taiwan), HT Micron (Brazil), and SkyHigh Memory Limited (China).

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The 300 mm wafer size segment exhibits the highest CAGR in the Non-volatile memory market

Nearly all new fab upgrades and construction activities are taking place with 300 mm wafer processing. Over the last several years, there has been a tremendous increase in 300 mm (12″) wafer usage. Nearly all major chip manufacturers have either already built or have plans to build 300 mm fabrications, and nearly all equipment manufacturers have designed their new equipment with 12″ wafers. All 300 mm wafers are double-side polished and have a notch identical to the notch found on 200 mm wafers. Typically, over 600 or more chips can be manufactured from one 300 mm wafer. There are about 28 companies that own and operate 300 mm wafer fabs. The distribution of 300 mm wafers is controlled by the five manufacturers who own over three-quarters of the global 300 mm IC capacity including SAMSUNG, Micron Technology, Inc., SK HYNIX INC., TSMC, and Western Digital Technologies, Inc.

Flash memory segment to hold the largest size of Non-volatile memory market

Flash memory is an electronic non-volatile computer storage device that can be electrically erased and reprogrammed. There are two main types of flash memory – NAND and NOR. The internal characteristics of the individual flash memory cells exhibit characteristics like those of the corresponding NAND and NOR gates. Unlike EPROMs where data needs to be completely erased before being rewritten, NAND-type flash memory may be written and read in blocks (or pages), which are generally much smaller than the entire device. The NOR type allows a single machine word (byte) to be written or read independently. Flash memory is widely adopted in consumer electronics, enterprise storage, and industrial applications.

Non-volatile memory market in Asia Pacific to grow at the highest rate during the forecast period

The non-volatile memory market in Asia Pacific region is expected to be one of the key market for NVM in the future, owing to the varied applications of non-volatile memory. The market growth can be attributed to the region's high population density, making it a high-potential market for consumer electronic products. The increasing demand for non volatile memory (NVM) in consumer electronic products is driving the market in Asia Pacific. The Asia Pacific region comprises some of the leading countries in the field of electronics, such as China, Japan, Taiwan, and India. The region is a hub for significant semiconductor and electronics manufacturing. This is one of the vital factors fueling the market in the region.

Battery Production Machine Industry Growth, Opportunities, Statistics 2027

The battery production machine market size is predicted to grow from USD 7.3 billion in 2022 to USD 19.4 billion by 2027, at a CAGR of 21.5%.

The global demand for lithium-ion batteries is rising owing to several factors, such as the growing demand for electric vehicles and expanding energy storage sector. Companies in the battery industry are focusing on developing sustainable battery technologies and meeting the high demand by increasing their manufacturing capacity.

Wuxi Lead Intelligent Equipment Co., Ltd. (China), Shenzhen Yinghe Technology Co., Ltd. (China), Hitachi, Ltd. (Japan), Schuler Group (Germany), and Durr Group (Germany), are among a few top battery production machine companies.

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The coating & drying machines segment is projected to grow at the highest CAGR during the forecast period.

The coating process in battery manufacturing plays a very crucial role. It involves coating active materials on top of the metal foil to produce electrodes. Also, companies offer different types of coating machines, for instance, single- and double-side coating machines. Similarly, for the battery to work efficiently, the coating must be dried firmly. Hence, drying is also a significant process in battery manufacturing. Continuous developments to increase the performance of these are increasing their demand worldwide.

The Nickel Manganese Cobalt (NMC) battery segment to account for the largest market share in 2022.

Presently, NMC batteries are being widely used in low-cost and entry-level EV models worldwide. High energy density and reliable performance of NMC batteries are making them one of the key EV battery technologies. Due to their high energy density and long cycle life, NMC batteries are also widely used in power tools and energy storage system (EES) applications. Hence, the demand for battery production machines for this battery type will increase at an impressive CAGR during the forecast period.

The market for automotive application is expected to grow at the highest CAGR during the forecast period

Automotive is one of the major sectors driving the demand for lithium-ion batteries, attributed to increasing environmental awareness among consumers and government-led initiatives to lower carbon emissions. Lithium-ion batteries are currently being used in a wide variety of electric vehicles, such as battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and two-wheeler motors. The automotive sector covers various types of vehicles, such as passenger vehicles, commercial vehicles, trucks, buses, and two-wheelers. Lithium-ion batteries offer high energy per unit mass relative to other electrical energy storage systems, which are widely adopted in the EVs segment.  

The market in Asia Pacific projected to account largest market share in 2022.

The region is the largest manufacturer, supplier, and consumer of lithium-ion batteries due to the easy availability of battery raw materials. The region also has the prominent presence of large battery manufacturers and battery production machine manufacturers. According to Benchmark Mineral Intelligence Limited, by 2030, around 256 gigafactories will be operational in the region, and China will be the dominant country in terms of manufacturing capacity. Presently, China holds the largest share of lithium-ion battery manufacturing capacity in Asia Pacific and is also one of the largest consumers of lithium-ion batteries. Increasing R&D for developing new battery technologies by various countries in Asia Pacific is another factor driving the growth of the lithium-ion battery market in the region.

Which are the major companies in the visible light range scientific camera market? What are their major strategies to strengthen their market presence?

The visible light range scientific camera market is projected to reach USD 0.6 billion by 2028 from USD 0.4 billion in 2023; it is expected to grow at a CAGR of 7.9% from 2023 to 2028.

The major companies in visible light range scientific camera market are – Hamamatsu Photonics (Japan), Teledyne Technologies (US), Thorlabs, Inc. (US), XIMEA GmbH (Germany), Photonic Science (UK), Excelitas PCO GmbH (PCO-TECH Inc.) (Germany), Oxford Instruments (Andor Technology) (UK), Atik Cameras (UK), Diffraction Limited (Canada), and Spectral Instruments, Inc. (US). The major strategies adopted by these players are product launches, collaborations, and acquisitions.

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In type segment, sCMOS type segment will continue to hold largest visible light range scientific camera market share during the forecast period

In recent years, there has also been an observable shift in the preference for sCMOS sensors over CCD sensors. sCMOS cameras have an updated technology than CCD cameras, which is increasing their popularity and acceptance in the market. sCMOS technology overcomes the trade-offs that are associated with conventional CMOS cameras. Unlike previous generations of CMOS and CCD-based sensors, sCMOS offers rapid frame rates, extremely low noise, large field of view. wide dynamic range, and high resolution. sCMOS has dual amplifiers and dual analog-to-digital converter readout, which leads to a high dynamic range. A low-gain channel and a high-gain channel are read simultaneously, and the information is combined. This produces an exceptional dynamic range. In 2009, scientific CMOS (sCMOS) technology was launched, with sCMOS cameras being commercially available from 2010 to 2011. sCMOS cameras can provide low noise, high speed, and a large field of view, making sCMOS cameras ideal for a wide range of applications, from astronomy to microscopy.

The visible light range scientific camera market in APAC is expected to grow at highest CAGR during the forecast period (2023-2028)

China is expected to offer significant opportunities for visible light range scientific camera manufacturers during the forecast period. The high growth in these markets can be attributed to the high demand for advanced technologies in this region. With developed economies reaching saturation, manufacturers, and suppliers are expected to focus on opportunities in the emerging Chinese market, supporting market growth in the coming years. Healthcare authorities in China are encouraging the private sector to build healthcare facilities by relaxing various policy controls. Improvements in the country’s healthcare infrastructure will serve to attract global medical device companies, including companies providing visible light range scientific cameras. Furthermore, technological advancements in the country are also supporting the growth of the visible light range scientific camera industry.

How big is the 5G fixed wireless access market?

The global 5G fixed wireless access market size is expected to be valued at USD 29.4 billion in 2023 and is projected to reach USD 153.0 billion by 2028; it is expected to grow at a CAGR of 39.0% from 2023 to 2028.

The market for fixed wireless access is flourishing globally owing to technological advancements ranging from LTE to 5G. The use of fixed wireless access enables the offering of broadband services to residential customers and small and medium-sized enterprises (SMEs) on a large scale with low connection latency.

The 5G FWA market includes major Tier I and II players like Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies (China), Ericsson (Sweden), Inseego (US), and others.

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5G fixed wireless access market for services to hold the highest market share during the forecast period

5G FWA services are predicted to be a game-changer in the global telecommunication industry. These services have been made available to households in 2022 across major countries like the US, Canada, China, South Korea, etc. For instance, Samsung and T3 broadband collaborated on 5G-ready Citizens Broadband Radio Service (CBRS) network solutions to Mercury Broadband, a leading provider of high-speed Internet across rural markets in the US. The collaboration will enable Mercury to leverage CBRS to deliver FWA broadband connectivity and enhanced customer services in hard-to-reach, remote areas across several states. Verizon has also increased the number of cities where it offers 5G fixed wireless for business customers from 3 to 24. Previously, the FWA 5G service was only available in select parts of Chicago, Houston, and Los Angeles. The new additions include parts of 21 cities where its 5G Ultra-Wideband service using mmWave spectrum is available.

24-39 GHz operating frequency for 5G fixed wireless access to hold the highest market share in 2028

The game-changing breakthrough of 5G mmWave extended range increases the capacity of 5G fixed wireless access (FWA) solutions by making it possible to employ mmWave spectrum to serve a far greater number of residences than previously conceivable. By using this strategy, it is possible to reach semi-urban and rural areas by providing high-end "wireless fiber" services. Verizon, AT&T, T-Mobile, and US Cellular operators use the mmWave spectrum in their 5G network infrastructures. Though the mmWave spectrum can transmit massive volumes of data at high speed, this band's signals can only travel a few thousand feet. As a result, mmWave 5G infrastructures have mostly been confined to crowded downtown areas and are not expected to reach suburban or rural areas anytime soon.

Semi-urban demography for 5G FWA to hold the highest market share from 2023 to 2028

In semi-urban areas, the density of the population is sparse. Hence, these areas require significantly high investments to connect subscribers with a network through wireline infrastructures. With high-power transmissions/reception and advanced antenna technologies, wireless links can effectively reach rural areas without any major construction work required, as only base stations and customer premises equipment require installation. Nokia is one of the key players making efforts to offer FWA solutions to users, along with the hardware components necessary to connect new rural and suburban areas.

5G fixed wireless access market in Asia Pacific to hold the highest CAGR during the forecast period

The overall APAC region is home to a few of the fastest-growing and leading industrialized economies, such as China, South Korea, and Japan. It is witnessing dynamic changes in the adoption of recent technologies and advancements across industries. According to GSMA, there will be 400 million 5G connections in the Asia Pacific by 2025. 5G adoption, as a percentage of total connections, is set to accelerate in Asia Pacific as the technology's footprint expands across the region. 5G is now commercially available in 14 countries, with several others, including India and Vietnam, expected to come on board in the coming years. These new networks and the expansion of existing ones in pioneer markets will drive the transition to 5G FWA.

Robot End Effector Market Size, Share, Industry Demand, Latest Growth

The global robot end effector market is expected to grow from USD 2.3 billion in 2023 to USD 4.3 billion by 2028, registering a CAGR of 13.5%. Growing demand for modular end effectors, increasing adoption of cobots, penetration of automation in SMEs, and increasing adoption in the warehousing, pharmaceutical, and food industry are the main drivers for the growth of the robot end effector market.

The major players in the market are Schunk (Germany), Schmalz (Germany), Zimmer Group (Germany), Tünkers (Germany),cDestaco (US), Festo (Germany), ABB (Switzerland), ATI Industrial Automation (US), Piab AB (Sweden), and Robotiq (Canada).

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The robot end-effector market will grow significantly due to its various applications in several industries, such as automotive, electrical & electronics, food & beverage, and pharmaceutical. Various key players in the market adopt different strategies such as acquisitions, product launches, collaborations, and partnerships to grow in the robot end effector market.

Handling applications to be the largest for end effectors throughout the forecast period.

The technology trends in end effectors for handling applications fueled the market for handling applications. The smart grippers can measure, identify, and monitor the target object in real time while handling them, whereas the 3D-oriented grippers can handle workpieces in harsh environments amid their constructions and anti-corrosion properties. The continuous developments in dexterous robotic hands (human hand-shaped robotic hand with 3/4-fingers and thumb design provides a degree of freedom for better handling) further drive the end effector market for handling applications.

Food & beverage industry is expected to register highest CAGR during the forecast period.

The growth of processed and packaged foods in developing countries presents a huge opportunity for the growth of end effectors. The food & beverage industry requires end effectors mainly for handling applications as the end products are edibles, and they need a precise system for handling the workpieces that are delicate and prone to spillage and damage very easily. Increased automation and the introduction of soft grippers and human-robot collaborative (HRC) grippers in developing countries also contribute to the projected growth. Increased automation across various stages of the supply chain in the food & beverage industry is contributing to the high growth.

Asia Pacific to grow at highest CAGR during the forecast period.

The robot end effector market in Asia Pacific has witnessed greater growth in the past 10 years than the fully grown markets in Europe and the Americas due to low production costs, easy access to  affordable labor, lenient emission and safety norms, and government initiatives for foreign direct investments (FDIs).