Gesture Recognition and Touchless Sensing Market Outlook 2032

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. Due to advancements in technology and the emergence of new business models as well as new infrastructural developments in the developing cities of the region, the gesture recognition and touchless sensing market is exhibiting an upbeat outlook. The growing awareness of hygiene and advancement of security standards would further fuel the adoption of gesture recognition and touchless sensings in APAC.

The prominent players operating in the gesture recognition and touchless sensing market are Microsoft Corporation (US), Microchip Technology Inc. (US), Apple Inc. (US), Google LLC (US), Sony Depthsensing Solutions SA/NV (Belgium), Infineon Technologies (Germany), Cognitec Systems GmbH (Germany), GestureTek (Canada), OmniVision Technologies (US), IrisGuard (UK), Cipia (Israel), Elliptic Laboratories (Norway), XYZ Interactive (Canada), pmdtechnologies ag (Germany), Oblong Industries Inc. (US), Gesture Research (India), PointGrab Inc. (Israel), ESPROS Photonics (Switzerland), HID Global Corporation (US), OMRON Corporation (Japan), Ultraleap (UK), German Autolabs (Germany), iProov Ltd. (UK), Qualcomm (US) and Toposens (Germany).

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In technology, the touchless technology segment is expected to grow at the highest rate of the gesture recognition and touchless sensing market

Touchless technology combines linguistics with wireless signals to analyze, judge, and integrate human gestures and sensing by using intelligent algorithms. Gesture recognition is achieved with the help of machine learning technologies. Touchless technology is affected by some objective factors, such as the user’s position and non-line of sight conditions. Touchless user interface (TUI) is an emerging type of technology concerning gesture control. TUI is the process of commanding the computer via body motion and gestures without touching a keyboard, mouse, or screen. Touchless gesture recognition in a vehicle improves safety while driving.

The online type segment, of the gesture recognition market is projected to hold a larger share during the forecast period

Online gesture recognition is used to scale or rotate a tangible object and control a machine or a computer in real-time. Also called direct manipulation gestures, it lets the user interact with objects and impose changes viewable as done to them. Online gestures are regarded as direct manipulation, such as scaling and rotating. In contrast, offline gestures are usually processed after the interaction is finished—for example, a circle is drawn to activate a context menu. Offline gesture recognition is a relatively newer technology than online gesture recognition, owing to which the rate of recognition in offline gestures is lower than that of online gestures.

The gesture recognition and touchless sensing market in APAC is projected to have the highest CARG during the forecast period (2021-2026)

The gesture recognition and touchless sensing market in APAC comprises China, Japan, South Korea, India, and the Rest of APAC, which primarily includes Australia, Singapore, Malaysia and Thailand. It is expected to be the fastest-growing market for gesture recognition and touchless sensing industry during the forecast period. Developing countries in the Asia Pacific region also have vast growth potential and a favorable environment for product manufacturers. Therefore, the touchless sensing market in the Asia Pacific region is expected to grow at the highest rate during the forecast period.

Automated Optical Inspection Market Future Trends 2032

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.

The automated optical inspection system companies is dominated by a few globally established players such asKoh Young (South Korea), Test Research, Inc. (TRI) (Taiwan), Omron Corporation (Japan), Camtek (Israel), and Viscom AG (Germany).

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3D AOI system to dominate the market in forecast period

3DAOI systems inspectassembled PCBs and other electronics in three dimensions. This is in contrast to2D AOIsystems. 3D AOI system typically uses a camera to verify that the items meet quality standards, making sure they are of the right size or their proper locations.3D AOI technology has emerged as a viable technology for the detection of a variety of manufacturing defects. A 3D AOI system is used where there is a requirement for more rigorous standards for surface mount devices (SMDs), and high precision for defect detection is required. Thus, 3D AOI system market is expected to be dominant during the forecast period.

Automotive industry to hold largest CAGR during the forecast period

The growing share of advanced electronics to support various functionalities of automobiles is expected to boost the AOI system market for automotive. The industry needs critical inspection of PCBs to ensure consumer safety and reliable working of the vehicle. AOI, conformal coating, and solder paste inspection offer non-invasive inspection solutions, providing real-time process data for accurate detection of faults and improvement in yield.The advent of new technologies such as autonomous driving, connected vehicles, electric vehicles, automotive sensors, and advanced navigation and infotainment systems has increased the share of electronics in automobiles to a higher level. There is rising adoption of Industrial IoT (IIoT) in the automotive sector.

North America region is fastest growing in the automated optical inspection system market

The presence of a tech-savvy population with a high disposable income and a huge demand for consumer electronics has led to advancements in PCBs, which further drive the AOI market in North America. The recent surge in domestic manufacturing in the US, a highly developed economy, and presence of a population with a high disposable income with high demand for consumer electronics ake the North American region an attractive market for AOI systems.

Solid State Radar Market - Insights and Trends 2030

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.

Key Players:
he major players in the solid state radar market are Lockheed Martins (US), Raytheon Technologies (US), Honeywell (US), Thales Group (France), Leonardo (Italy), Elbit Systems (Israel), Garmin (US), Indra (Spain), Wartsila (Finland), and Teledyne Flir (US), Furuno (Japan), Terma (Denmark), Aselsan (Turkey), Tokyo Keiki (Japan), Simrad (Norway), EWR Radar Systems (US), Blighter Surveillance Systems (UK), GEM Elettronica (Italy), Gamic, Hensoldt (Germany), Reutak Radar Systems (South Africa), Japan Radio (Japan), Easat (UK), Lowrance (US), ICS Technologies (Italy).

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The 3D segment to hold the largest size of solid state radar market by 2026

The 3D solid state radars are used in applications, such as surveillance, navigation, and weather monitoring. These 3D radars can provide high target location accuracy along and fully automatic operation modes, which has resulted in an increased demand for these radars in the military.

The non-commercial to account for the largest size of the solid state radar market in 2021.

The solid state radars are used by police forces, border security forces, coastal & maritime patrol officers, and search & rescue operatives. These radars are also used to detect targets and determine their position, course, and speed over a long-range. Solid state radars facilitate intelligence gathering, surveillance, and reconnaissance. Thus, all these factors are expected to drive the growth of solid state radar market for this segment.

North America in solid state radar market is projected to be the largest market from 2021 to 2026

The increased adoption of solid state radars in the navigation, border security, surveillance, and traffic management applications is the major reason for the growing demand for radars in the commercial as well as non-commercial industries. The demand for solid state radars is expected to increase with the growing investments across the defense sector in the region.

Thermal Imaging Market Global Size, Growth Report 2030

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.

Key Players:
Major operating thermal imaging companies are FLIR Systems (US), Fluke Corporation (US), Leonardo (Italy), L3HARRIS TECHNOLOGIES (US), United Technologies (US), Axis Communications (Sweden), BAE Systems (UK), Opgal (Israel), Testo (Germany), Xenics (Belgium), Thermoteknix Systems (UK), and so on.

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Thermal cameras segment to account for the largest thermal imaging market share during the forecast period

On the basis of product types, the thermal imaging market report has been segmented into three categories—thermal cameras, thermal scopes, and thermal modules. The thermal cameras segment held the largest share of the market in 2020 and is expected to continue this growth during the forecast period. Several reasons, such as an electronic image of high-quality precision produced in less time and the availability in different types (handheld, mounted, and standalone) and various micro-and nano-sizes, contribute to this dominance.

Security and surveillance segment to account for the largest share of thermal imaging market during the forecast period

Based on applications, the thermal imaging market analysis has been segmented into security and surveillance, monitoring and inspection, and detection and measurement. The security and surveillance segment held the largest share of the market during the forecast period. Rapid urbanization increases the demand for advanced thermal imaging solutions for security and surveillance applications. The rising conflicts and terrorist activities among countries also increase the demand for well-equipped systems to monitor the country's borders from the illegal intrusion of enemies and protect the country from them.

North America to account for the largest share of thermal imaging market during the forecast period

Among all regions, North America accounted for the largest share of the thermal imaging market and is expected to continue this growth during the forecast period. The region is home to the major producers of thermal imaging components, such as thermal cameras, scopes, and modules. The US is the major contributor to this region and accounts for ~89% of the total market share in North America. The growth of the thermal imaging market statistics in this region is attributed to the presence of numerous manufacturers and distributors, the low cost of thermal imaging components, and the increasing government expenditure in the aerospace & defense sector.

Medical Alert Systems Market Analysis & Trends - Global Report 2030

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.

Key Players
Philips (Netherlands) ,Connected America (US) ,Valued Relationships (US) ,Medical Guardian (US) ,ADT (US) Guardian Alarm (US), Bay Alarm Medical (US), MobileHelp (US), Alert1 (US), and LifeFone (US).

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Mobile based PERS(Personal Emergency Response System) in product segment for medical alert systems market to grow with highest CAGR during the forecast period

The medical alert systems market is witnessing a trend occurring over the past few years with the new technology replacing the traditional medical alert systems. Mobile-based PERS or mPERS are likely to lead the medical alert systems market in the coming years as the adoption of smartphones in recent years has increased to a great extent. mPERS come with smart wearables that can be worn on the wrist or as a necklace. mPERS devices provide mobility to senior citizens by allowing them to maintain their independent lifestyle by providing access to the device wherever they go. Several factors such as built-in sensors, fall detection algorithms, use of mobile phone app, and faster response time accelerate demand for mobile-based PERS. The evolution of the industry will continue to bring new and dynamic trends in the years to come.

Home based users are expected to capture the largest market share during the forecast period

Home-based users held the largest share of the medical alert systems market in 2020, and a similar trend is likely to be observed during the forecast period. Medical alert systems are increasingly adopted by home-based users owing to the increasing elderly population, a strong focus of such population on maintaining their independence and provide peace of mind to their family members. Also, many senior people suffer from a health condition or are at risk of falling, creating the need for timely emergency response, which has resulted in the rising use of medical alert systems by home-based users.

APAC to grow with highest CAGR during the forecast period

The APAC region is expected to record the highest CAGR  during the forecast period. This growth can be attributed to various healthcare reforms undertaken by the governments in countries such as China, India, and South Korea, with a significant size of the elderly population. The rising healthcare awareness and increasing per capita expenditure on healthcare are among a few major factors driving the market in APAC. PERS monitoring is much more affordable than in-person monitoring; hence,  caregivers find it better to take care of the elderly. Growing medical tourism in developing countries of APAC, such as China and India, is likely to provide new market opportunities to advanced and sophisticated medical alert systems during the forecast period. Further, the surging demand for quality medical care is expected to propel the medical alert systems market growth in this region during the forecast period.

Smart Appliances Market Size & Share Report, 2030

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.

Key Players:
Samsung Electronics (South Korea),  LG Electronics (South Korea),  Panasonic (Japan), Whirlpool (US), and Haier Smart Home (China).

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Smart appliances market for smart ovens segment is anticipated to grow at the highest CAGR

A variety of products are offered by the smart appliance. An oven is an appliance used in the kitchen for cooking and heating food. The same work is done by smart ovens, but with additional features such as a touch screen door, a multifunctional range of cooking, and built-in cameras for checking food without opening the door. With smart ovens, you can connect to Wi-Fi and use voice recognition. Smartphones and tablets can be used to set timers, monitor cooking status, and preheat food in NFC-enabled ovens. The self-cleaning of an oven can also be monitored by the user. The smart oven allows users to choose a recipe from pre-programmed recipes, control the cooking time and temperature remotely, download favorite recipes, and assist with grocery shopping.

Wi-Fi technology likely to account for largest market share during the forecast period as substantial number of manufacturers are majorly developing Wi-Fi technology-based appliances.

It is estimated that Wi-Fi technology will account for the largest share of the smart appliances market during the forecast period. The reasons for this include the development of Wi-Fi technology-based appliances by companies including Whirlpool (US), Samsung Electronics (South Korea), LG Electronics (South Korea), and Electrolux (Sweden). In the growing trend of home automation, appliances such as smart washers, dryers, refrigerators, dishwashers, and air conditioners are being designed with Wi-Fi capabilities.

Residential segment to dominate smart appliances market during the forecast period due to significant increase in demand during recent years

In 2020, the residential sector held the largest size of the smart appliances market; it is expected to witness significant growth during the forecast period. The demand for smart appliances has seen a significant increase in recent years—mainly due to the rise in digitalization across the world. In addition, increasing internet penetration and easy accessibility of smart appliances are furthering creating a supportive dais for the market growth. Consumers prefer smart appliances due to the convenience offered by them; with the help of smartphones, home appliances of the entire home can be controlled from anywhere. It also increases the safety of the house.

Smart appliances market in North America accounted for the largest market share of global smart appliances

In 2020, North America accounted for the largest share of the smart appliances market, and a similar trend is likely to be observed during the forecast period. High demand for smart appliances from the residential sector is one of the major factors leading to the dominant position of North America in the market. Additionally, various grants from the US Government for smart grid projects are also driving the market growth in this region. The market in APAC is expected to grow at the highest CAGR in the market. The APAC is home to major smart appliance manufacturers, namely Samsung Electronics (South Korea), Panasonic (Japan), Haier Smart Home (China), and LG Electronics (South Korea), which always focus on technological innovations. Also, China, Japan, South Korea, and India are potential high-growth markets for smart appliances industry.

Shaping the Future: Insights into the Waterjet Cutting Machine Market 2030

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.

The major playersin the waterjet cutting machinemarket are Omax (US), Flow (US), Koike Aronson (US), Wardjet (US), Dardi (China), Lincoln Electric (US), Techni Waterjet (Australia), KMT (US), Colfax (US),  Waterjet Sweden (Sweden), Innovative (India), Hornet Cutting System (US), Jekran (Malta), STM waterjet (Austria), International Waterjet Machines (US), Waterjet Corporation (Italy), Swaterjet (China), Foshan Yongshengda Machinery (China), Resato (Netherlands), Accurl (US), LDSA (France), Kimtech (Sweden),  Jet Edge (US), Microstep (Slovakia).

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Abrasive segment to register for largest market in 2027

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

Automotive industry to create highest growth opportunities for the market during the forecast period

The automotive industry is a key consumer of waterjet cutting machines. Waterjet cutting machines in automotive are used for cutting interior and exterior parts of the vehicles such as carpets, door panels, glass, rubbers, and dashboards. The use of waterjet cutting machines improves the flexibility of cutting equipment and enables ease with automation for the automotive industry, which drives the growth of the waterjet cutting machine market for this industry.

North America to account for largest market share of waterjet cutting machine market

In North America, the US is the largest market for waterjet cutting machines. The country has witnessed rapid growth in industries such as automotive, electronics, food, and aerospace. The growth in this market can be attributed to the large industrial base and high production capacity of companies in the country. The US is one of the largest automotive markets in the world and is home to several auto manufacturers, which is driving demand for waterjet cutting machines.

Revolutionizing IT: The Global Device-as-a-Service Market Analysis 2030

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 rapid adoption of the subscription-based services model is one of the major drivers of the device-as-a-service market. Subscription-based device-as-a-service models help customers to transform the high cost of acquiring new technology from a capital expenditure (CapEx) to an operating expense (OpEx).

Dell Technologies (US), Lenovo (China), Hewlett Packard (US), Microsoft (US), Cisco (US), CompuCom(US), 3stepIT (Finland), Telia Company (Sweden), Atea Global Services (Latvia), CHG MERIDIAN (Germany), CSi leasing (US), Computacenter (UK), Econocom (France), GreenFlex (France), GRENKE (Germany), Excellence IT (UK), Foxway (Sweden), and Apple (US) are device-as-a-service companies operating in the market.

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Services segment for device-as-a-service market to grow at highest CAGR during the forecast period

Device-as-a-service model includes a variety of support and maintenance services. It consists of a collection of device lifecycle services, which include installation, deployment and integration, asset recovery services, and repair and maintenance services as per the end user’s requirements. These services offered are flexible since they can be tailored and optimized. Many OEMs offer direct services as per the contract.

Smartphone & Peripherals for device-as-a-service market to grow at highest CAGR during the forecast period

Device-as-a-service solutions for smartphones offer organizations the benefits of lower costs, access to recent technologies, more predictable prices, and strong enterprise security. The demand for smartphones has been flattening out over the past few years. New paradigms like device-as-a-service, where users pay subscription fees to always have the latest devices are changing things.

IT and Telecommunication end user industry to have the largest market, in terms of size and is also expected to grow at highest CAGR during the forecast period

Access to secure, reliable, and high-performance IT devices are fundamental to operations of the IT and telecommunication industries; thus, the segment generates the most significant demand for IT devices such as desktops, laptops, tablets, notebooks, and smartphones. Moreover, the demand for constant updates of software and related services is more in this industry, thus contributing towards increased demand for device-as-a-service. Device-as-a-service enables timely upgrade and maintenance of hardware and software, allowing companies to reduce IT burdens; moreover, it helps to avoid technological obsolescence, which ultimately enhances productivity.

Device-as-a-service market in North America to account for largest market share during the forecast period

In 2020, North America accounted for the largest share of the device-as-a-service market. High demand for device-as-a-service from the IT and telecommunications end users is one of the major factors leading to the growth of the market in North America. Various IT and telecommunication companies such as AT&T, Microsoft, and Apple, are based in this region. Besides, several companies offering device-as-a-service, including Dell Technologies (US), HP (US), and Microsoft (US), also have a presence in this region, which further adds to the growth of the market in North America.

Agriculture IoT Market Size, Share and Growth By 2032

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 advent of advanced technologies such as guidance systems, variable rate technology, IoT, AI, and remote sensing has transformed the agriculture industry into a technologically intense and data-rich industry. Smart agriculture technologies assist in increasing profitability, improving sustainability, protecting the environment, and minimizing the consumption of resources such as water, fertilizers, and energy. IoT is implemented in various applications, including precision farming, livestock monitoring, precision aquaculture, smart greenhouse.

The agriculture IoT market is dominated by a few established players such as Deere & Company (US), Trimble Inc. (US), Raven Industries (US), DeLaval (a subsidiary of Tetra Laval International, S.A.) (Sweden), and AKVA group (Norway).

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Precision aquaculture application segment to register higher CAGR during the forecast period

The precision aquaculture application segment is projected to register the higher CAGR during the forecast period, by application. Increasing demand for real-time tracking of fishing activity is the major reason behind the high growth of the agriculture IoT market in aquaculture farm monitoring applications. Additionally, increasing government support worldwide for freshwater aquaculture production, and growing investments in technological research and product innovations to further boost the demand for the market.

Small farm segment is expected to witness higher CAGR growth during the forecast period

The agriculture IoT market for the small farm segment is projected to register the higher CAGR during the forecast period, by farm size. Small farms are expected to adopt automation and other advanced technologies at the highest rate in the coming years due to the reducing cost of farm automation equipment and advancements in technology that make it more feasible to deploy automation tools even on smaller farms to achieve high returns on investments.

The Post-planning stage segment for the agriculture IoT market is expected to witness higher CAGR growth during the forecast period

The market for the post-production planning stage is estimated to grow at the highest CAGR during the forecast period, by farm production planning stage. In recent years, farm owners have started using agriculture IoT hardware devices extensively for the post-production planning stage. Large and medium-sized farm owners are using yield monitors and inventory and logistics management solutions for the post-production stage of farming.

APAC is projected to register the highest CAGR growth during the forecast period

APAC is likely to be the fastest-growing agriculture IoT market during the forecast period. Agriculture IoT techniques are expected to be adopted at a high rate in APAC. This region consists of emerging countries such as India, China, and countries in South East Asia. Rapidly growing population, availability of arable land, and strong government support for farmers through subsidies in these regions are the major factors driving the adoption of agriculture IoT technologies in APAC.

Industrial Ethernet Market Trends and Growth 2024-2032

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.

Key Market Players
Cisco (US), Siemens (Germany), Rockwell Automation (US), OMRON (Japan), Moxa (Taiwan), Belden( US), Huawei Technologies (China), SICK (Germany), Schneider Electric (France), and ABB (Switzerland) are a few major players in the industrial ethernet market.

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Service segment to account for the largest share of the industrial ethernet market by 2028

Rapid changes in network infrastructure and the growing adoption of IIoT have led to the adoption of cloud and virtualization. This has significantly increased the pressure on network administrators to manage the network infrastructure. Hence, manufacturing industries are outsourcing network services to ensure better network management quality and reduced operating costs. Companies are adopting remote network monitoring services, which are expected to boost the services market during the forecast period.

MODBUS–TCP protocol to grow with significant CAGR during the forecast period

MODBUS–TCP can interact with EtherNet/IP and other industrial Ethernet protocols (i.e., HTTP, FTP, and Telnet) without any non-standard network interface cards and/or switching infrastructure, and thus, offering a high level of interoperability for industrial communication network devices.

Engineering/Fabrication to have significant CAGR during the forecast period

The industrial ethernet is mainly used in engineering design and fabrication of metal, steel, and other structural parts manufacturing. In the fabrication industry, different networking technologies can be implemented. For instance, the Industrial ethernet ensures consistent, uninterrupted mobile connectivity for workers, vehicles, and equipment while extending connectivity outside the plant (transportation yard and interconnected buildings). It also supports features such as data security and allows workers to coordinate workforce activities and communicate in real-time for better safety management and increasing productivity.

Asia Pacific to grow at the highest CAGR in the industrial ethernet market during the forecast period

Asia Pacific is currently the largest manufacturing hub for automobile and electronic companies. To compete with other global players, the industrial ethernet companies in Asia Pacific use advanced automation systems, which require highly reliable communication networks that can help in machine-to-machine (M2M) communication in the plants. The manufacturing companies in Asia Pacific extensively adopt the smart factory concept for implementing advanced manufacturing technologies on the factory floor. This innovative concept has transformed the manufacturing sector in Asia Pacific and has increased the implementation of smart automation in factories. The growing acceptance of Industrial Revolution 4.0 in Asia Pacific is also a factor driving the growth of the regional market.

Ultrasonic Testing Market Size, Forecast & In-Depth Industry Outlook

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.

The market was dominated by ultrasonic testing companies such as Baker Hughes(US), Olympus Corporation (Japan), MISTRAS Group (US), Intertek (UK), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada).

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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The ultrasonic technique (UT) is likely to be the largest contributor in the NDT and inspection market during the forecast period

The market for the UT (ultrasonic testing) technique is projected to largest contributor in NDT Market. It is presently the most popular NDT technique due to its ability to identify defects and accurately determine their severity. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can be used for critical applications in the oil & gas and aerospace industries, among many others.

Inspection services to account for the largest market size by 2021

Ultrasonic testing and inspection services are likely to account for the largest share of the market in 2021. Ultrasonic testing techniques' primary purpose is to inspect objects, materials, machinery, and structures for defects so that they can be rectified in a timely and cost-effective manner. After inspection services, training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of the customers' changing demands is equally essential.

The Ultrasonic testing market in APAC to grow at the highest CAGR during the forecast period

Asia Pacific is likely to be the fastest-growing region in the ultrasonic testing market due to the rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China. Countries in Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase ultrasonic testing equipment and services in the defense & aerospace industry. Many infrastructural development projects are under construction and scheduled to be constructed in the region during the forecast period. The demand for automobiles is estimated to grow substantially by 2026.

Collaboration Display Market Size, Share, and Growth by 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. It comes with 4K/UHD, and 1080p resolution in different screen sizes for different sectors and purposes. Collaboration display can be used for collaborating, content sharing, brainstorming sessions, etc. It comes with integrated collaboration software, 4K camera and microphone.

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The above 65 inch segment, in market by screen size, of the collaboration display market projected to hold larger share during the forecast period.

Collaboration displays with screen size above 65 inches have seen a greater adoption rate. Such displays are mostly preferred in the corporate, government, and education sectors. In the corporate sector, collaboration displays are used in large conference halls, conference rooms, meeting rooms, etc. Collaboration displays help in keeping people together. They come with multiple features such as approximately 40 multi-touch points that allow 40 people to coordinate simultaneously at the same time.

The collaboration display market in APAC projected to have highest CARG during the forecast period (2021-2026)

The collaboration display market in APAC is expected to grow at the highest CAGR during the forecast period owing to the rapidly changing face of industries from a product-centric to customer-centric approach due to increasing competition and changing customer behavior in high-potential markets such as China, Japan, South Korea, and Australia. Due to advancements in technology and the emergence of new business models in the region, the collaboration display market is exhibiting an upbeat outlook. The booming corporate and education sectors would further fuel the adoption of collaboration displays in APAC. Furthermore, growth in end-use sectors and mounting investments from government bodies are also favoring the growth of the collaboration display market in the region.

The collaboration display companies are Sharp (Japan), ViewSonic (US), Cisco (US), Microsoft (US), Smart Technologies (Canada), Google (US), LG Electronics (South Korea), Samsung Electronics (South Korea), Avocor (US), IBV Solutions (Switzerland), BenQ (Taiwan), Panasonic (Japan), Luidia (US), Qomo (US), Hitachi (Japan), Senses (India), Newline (US), Sony Professionals (UK), Planar (US), InFocus (US), Promethean World (US), Clear Touch (US) and Elo Touch (US).

Navigating the IoT-based Asset Tracking Landscape: Market Insights and Trends

The global IoT-based asset tracking and monitoring market size is expected to grow from USD 5.0 billion in 2024 to USD 9.2 billion by 2029, at a CAGR of 12.8% from 2024 to 2029. 

 

IoT adoption in manufacturing industries helps manufacturers achieve the necessary data to manage complex production cycles and manufacturing equipment better, leading to improved operations and profitability. IoT in manufacturing solutions also enables manufacturers to shift from scheduled to predictive maintenance and continuous plant or machine monitoring to reduce downtime and boost production efficiency. For instance, with the emergence of IoT, solutions such as connected logistics and predictive maintenance enable automobile manufacturers to provide real-time data management and increase the machine life, reducing time and costs. Similarly, IoT-based asset tracking and monitoring solutions allow tracing shop floor tools and equipment to prevent misuse, overuse, or underuse and send alerts for maintenance.

 

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LoRa segment is expected to grow with highest CAGR during the forecast period.

LoRa is a long-range, low-power wireless platform used to build IoT networks across a compelling mix of long-range, low-power consumption, and secure data transmission. This technology is developed and promoted by the LoRa Alliance, an open, non-profit association that various companies initiated to standardize the LPWAN protocol. It is easy to plug into the existing infrastructure and offers a solution for battery-operated IoT applications. Semtech Corporation (US) has deployed LoRa technology into its chipsets. These chipsets are integrated into the products offered by its vast network of IoT partners and LPWANs provided by mobile network operators worldwide.

 

The market for manufacturing segment is projected to grow with substantial CAGR during the forecast period.

A good asset tracking and monitoring plan supports organizational objectives while maximizing industrial performance and reducing expenses. As opposed to other business arenas, the manufacturing industry players are widely adopting IoT-enabled asset tracking and monitoring systems. IoT-enabled asset management helps manufacturing businesses track, organize, and locate every piece of equipment, raw materials, and finished products. For instance, CNC machines, robots, conveyor belts, and other production machinery for performance monitoring and predictive maintenance and finished products in storage areas for quality control and efficient shipment. All these tasks take a lot of time and effort to complete manually. Most industries employ pricey handheld scanners for inventory control. These assets can now be tracked automatically using asset tracking solutions that are IoT enabled.

 

The market in Asia Pacific is projected to hold the substantial market share in 2029.

Asia Pacific is one of the major markets for chip and module manufacturing. The key countries in Asia Pacific considered for this study are China, Japan, India, India, and the Rest of Asia Pacific. China has the largest vehicle fleet in the world with the high adoption of IoT owing to the financial and strategic involvement of the government in the R&D of IoT-related technologies. As China is a major hub of semiconductor fabrication and manufacturing, its participation in implementing and developing IoT-based asset tracking modules and supporting connectivity technologies is crucial for the growth of these markets. With an increasing vehicle fleet, the demand for automated management is expected to increase, creating opportunities for such solution providers. Thus, many companies in the market are working towards capitalizing on these opportunities. For instance, Shenzhen Jimi IoT Co., Ltd. (China) offers solutions for car rental fleet management, taxi and ride-hailing fleet management, trailer tracking, logistics, and delivery. Companies offer solutions such as real-time location tracking, instant alert, geo-fencing, preventive maintenance, and similar insights.

 

Key Market Players

Quectel Wireless Solutions Co., Ltd (China), u-blox (Switzerland), Fibocom Wireless Inc. (China), Telit (US), Semtech Corporation (US), Samsara Inc. (US), and SEQUANS (France) are among a few top players in the IoT-based asset tracking and monitoring companies.

CTMS and CCAP Market Trends: Shaping the Future of Cable Access Technology

The cable modem termination system (CMTS) and converged cable access platform (CCAP) market is projected to grow from USD 6.7 billion in 2024 and is expected to reach USD 10.4 billion by 2029, growing at a CAGR of 9.3% from 2024 to 2029. 

 

Increased investment in broadband services is one of the key driving factors for the market; compared to fiber optic networks upgrading existing cable networks with CMTS and CCAP is a more cost-effective solution for many service providers. This makes it an effective option for both established players and those expanding their service offerings in developing regions.

 

CCAP and CMTS systems with integrated edge computing capabilities can deliver a more responsive and seamless user experience and can prioritize and process critical data locally, optimizing bandwidth usage and ensuring a consistent and reliable user experience.

 

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Converged Cable Access Platform segment is expected to witness highest CAGR during the forecast period.

Due to the increasing integration of video and data services. CCAP enables the convergence of video and data services on a single platform. This integration streamlines network architecture, reduces operational complexity, and enhances the efficiency of delivering both video and broadband services over cable networks. The cable industry's move towards Distributed Access Architectures (DAA) involves distributing the traditionally centralized functions of the CMTS (Cable Modem Termination System) closer to end-users. CCAP facilitates this transition, improving network efficiency, scalability, and reducing latency.

 

Virtual CMTS in the CMTS market to witness highest CAGR during the forecast period.

The broader trend of network virtualization and the adoption of Software-defined Networking (SDN) principles have influenced the development and deployment of vCMTS. Virtualization allows for more flexibility, scalability, and efficient resource utilization. It enables cable operators to optimize network resources by running CMTS functions on standard commercial off-the-shelf (COTS) hardware. This can lead to cost savings in terms of capital expenses and operational expenses, as it eliminates the need for dedicated and proprietary hardware.

 

DOCSIS 3.1 Standard  is expected to hold the  largest market share in the CMTS and CCAP market by 2029.

DOCSIS 3.1 introduces improvements in spectral efficiency, allowing cable operators to make more efficient use of the available spectrum. DOCSIS 3.1 offers significantly higher speeds compared to its predecessors (up to 10 Gbps downstream and 1 Gbps upstream), making it a crucial upgrade for cable operators to meet these demands.  The popularity of streaming platforms like Netflix, Hulu, and Amazon Prime Video requires significant bandwidth. DOCSIS 3.1's increased capacity allows cable operators to deliver these services smoothly without buffering or lag, enhancing user experience and potentially increasing customer satisfaction. This optimization helps increase overall network capacity and deliver higher data rates without requiring additional spectrum allocation.

 

CMTS and CCAP market in the Asia Pacific estimated to grow at the fastest rate during the forecast period.

The increasing population and urbanization in many countries within the Asia Pacific region contribute to a higher concentration of potential broadband subscribers, due to which this region has been experiencing a surge in demand for high-speed internet services due to the growing use of bandwidth-intensive applications, such as streaming, online gaming, and remote work. Moreover, Asia Pacific is also a major hub for consumer electronics, automotive, and industrial verticals. This region has become a global focal point for large investments and business expansions. Factors such as these are eventually driving the market for CMTS and CCAP.

 

Key Market Players
Major vendors in the CMTS and CCAP companies include CommScope (US), Cisco Systems, Inc. (US), Casa Systems (US), Harmonic Inc. (US), Nokia (Finland), Huawei Technologies Co., Ltd. (China), Broadcom (US), Juniper Networks, Inc. (US), Jinghong V & T technology Co., Ltd. (China), and Sumavision (China), among others.

Wi-Fi Chipset Market Size, Share and Growth Analysis for 2021-2026

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.

Growing number of public Wi-Fi hotspots, adoption of Internet of Things (IoT), growth of Wi-Fi in enterprise and business, rising need for faster data transfer and significant increase in the internet penetration rate are significant driving factors in the market during the forecast period. 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.

Key Market Players
The market was dominated by Wi-Fi chipset companies such as Qualcomm Technologies, Inc. (US), Broadcom Inc. (US), MediaTek Inc. (Taiwan), Intel Corporation (US), Texas Instruments Incorporated (US).

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MU-MIMO configuration of wi-fi chipset market is projected to witness the highest CAGR for the forecast period

MU-MIMO are expected to hold a major share during the forecast period. The growing penetration of MU-MIMO Wi-Fi chipsets in enterprise and consumer access point equipment is expected to be the major driver for its growth during the initial years of commercialization. The adoption of these chipsets in smartphones, 4K TVs, and gaming consoles is expected to accelerate the growth of the MU-MIMO Wi-Fi segment during the latter half of the forecast period.

802.11ax to account for largest share of Wi-Fi chipset market during forecast period

802.11ax is expected to witness rapid growth in the overall Wi-Fi chipset market. This standard is expected to offer the highest spectral efficiency among all other existing IEEE 802.11 standards and is predicted to have a top speed of around 10 Gbps (as tested by Huawei Technologies Co. Ltd (China)). However, to meet the emerging demands for faster speed, a new amendment standard—IEEE 802.11be – Extremely High Throughput (EHT), also known as Wi-Fi 7—is anticipated to be released in March 2021. This new additional 6 GHz band with new features, including speeds up to 320-MHz bandwidth, will help achieve the target of EHT—a maximum throughput of at least 30 Gbps. It will find applications in high-throughput and low-latency services, such as 4K/8K video streaming, AR/VR applications, and online gaming.

APAC is attributed to grow at the highest CAGR in the Wi-Fi chipset market during ther forecast period (2021-2026)

APAC accounted for the largest share of  the global Wi-Fi chipset market and is expected to become the largest market for Wi-Fi chipsets by 2026, accounting for an estimated 50% share of the market, in terms of volume There are several consumer electronics product manufacturers operating in China, South Korea, and Japan, such as Samsung Electronics Co. Ltd. (South Korea), Huawei Technologies Co. Ltd. (China), ZTE Corporation (China), and Sony Corporation (Japan). The large pool of consumer electronics manufacturers and low-cost manufacturing of Wi-Fi chipsets in China have led to the largest share of Asia Pacific in the Wi-Fi chipset industry.

Smart Card Market Industry Analysis, Size, Share, Growth, Trends and Forecast 2026

The Smart card market size is projected to reach USD 16.9 billion by 2026, growing at a compound annual growth rate (CAGR) of 4.0% during the forecast period.

Major drivers for the growth of the market are surged demand for contactless card (tap-and-pay) payments amid COVID-19, proliferation of smart cards in healthcare, transportation, and BFSI verticals; increased penetration of smart cards in access control and personal identification applications; and easy access to e-government services and risen demand for online shopping and banking.

Key Market Players
Thales Group (France), IDEMIA (France), Giesecke + Devrient GmBH (Germany), CPI Card Group (US), HID Global Corporation (US), Watchdata (China), Eastcompeace (China), Inteligensa (US), ABCorp (US), and CardLogix (US) are a few major smart card companies in the market.

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Based on vertical, the smart card market share for telecommunications segment held the largest share of the market in 2020

A subscriber identity module (SIM) card is a type of microcontroller-based smart card used in mobile phones and other devices. A SIM identifies and authenticates a subscriber to a wireless cell phone network. The telecommunications segment accounted for the maximum share of 42% of the smart card market in 2020. Expanding global mobile network and improvements in its infrastructure are boosting the growth of the market. In addition, COVID-19 led to an increased demand for connectivity. The current crisis provided a push to the trend of digitalization of business and private communication with cellular technology, along with the generalization of digital conferences. Moreover, the penetration of high-end SIM card technologies, such as LTE, 5G, M2M, eSIM, and SWP, is expected to augment the market growth in the coming years.

The smart card market size for contactless segment projected to account for largest size of the market during the forecast period

A contactless smart card includes an embedded smart card secure microcontroller or equivalent intelligence, internal memory, and a small antenna; it communicates with readers through a contactless radio frequency (RF) interface. Radio-frequency identification (RFID) or near-field communication (NFC) communication technologies are primarily used for contactless smart card applications. COVID-19 is positively impacting the contactless smart card industry growth as the World Health Organization (WHO) and governments across the world are advocating the use of contactless smart cards for various purposes to ensure social distancing to contain the spread of the virus. Contactless smart cards provide ease, speed, and convenience to users. The contactless interface has become highly relevant in the current COVID-19 situation, especially for payment applications, as it facilitates safe and secure transactions without physical contact.

Smart card market in APAC estimated to account for the largest size of the market.

Smart card market statistics in Asia Pacific (APAC) is the largest market during forecast period. The robust financial system that is being increasingly digitized and government agencies incorporating smart chip-based systems for better monitoring of processes are propelling several APAC countries to adopt smart card solutions owing to increasing demand, specifically in the transportation, BFSI, retail, government, and healthcare sectors. Smart cards are used to purchase tickets in metros, buses, and ferries, among others, in several countries in APAC. China is projected to witness the highest demand for smart cards in the region owing to a large consumer base and the presence of a number of smart card manufacturers.

Medical Electronics Market Size, Trend & Forecast 20326

The Global medical electronics market size is estimated to be worth USD 6.3 billion in 2021 and projected to reach USD 8.8 billion by 2026; it is expected to reach at a CAGR of 6.9% from 2021 to 2026.

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

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The major medical electronics companies in the market are Analog Devices(US), Texas Instruments(US), TE Connectivity(Switzerland), Medtronic(Ireland), and ST Microelectronics(Switzerland).

Medical imaging application held the major market share in the medical electronics market in 2020 and is expected to dominate the market during the forecast period
The rising prevalence/incidence of cancer and cardiac, neurological, and musculoskeletal disorders; the increasing awareness and improving diagnosis; and a growing number of diagnostic procedures have escalated the demand for medical imaging in healthcare facilities worldwide.

Moreover, improved healthcare infrastructure in emerging markets and the availability of low-cost, technologically advanced imaging systems having applications in multiple fields are further boosting the medical electronics industry growth globally.

Minimally invasive medical procedure to grow at the highest CAGR during forecast period
The minimally invasive medical procedure is expected to show a high growth rate during the forecast period in th medical electronics maket. Minimally invasive medical devices have transformed surgical procedures by reducing the size of the incision, shortening or eliminating hospital stays, and improving recovery time and overall outcome of the patients

Ventilators and RGM equipment to grow at the highest rate during the forecast period
The vetilators and RGM equipment could witness a high growth rate in the medical electronics market during the forecast period. Demand for ventilators and RGM equipment is constantly rising and is expected to grow at the highest growth rate during the forecast period. Factors accelerating the demand for ventilators and RGM equipment include the rising cases of respiratory diseases as well as the recent outbreak of COVID-19.

Micro Server IC Market: Global Industry Analysis and Forecast 2026

The Micro server IC market is projected to reach USD 2.2 billion by 2026, growing at a CAGR of 12.6% during the forecast period. Some of the key driving factors of the Micro server IC market are low power consumption and low space utilization of micro servers, growth in the trend of cloud computing and web hosting, and emergence of hyperscale data center architecture.

Key Players
The market is dominated by micro server IC companies such as Intel Corporation (US), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), Quanta Computer Inc. (Taiwan), and NVIDIA Corporation (US).

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

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

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

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

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

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

Cleanroom Lighting Market Growth Factors, Opportunities, Developments And Forecast 2029

The Cleanroom Lighting Market is projected to reach USD 1.1 billion by 2029 from USD 0.9 billion in 2024; it is expected to grow at a CAGR of 5.4% from 2024 to 2029. The Cleanroom Lighting market is being propelled by several key factors, including increased demand for energy-efficient and sterile environments for pharmaceutical manufacturing, semiconductor manufacturing, food and beverage production and packaging as well as healthcare, which drives the growth for cleanroom lighting in these facilities.

The prominent market players in the Cleanroom Lighting market include Signify Holding (Netherlands), Wipro Lighting (India), Crompton Greaves Consumer Electricals Limited (India), Acuity Brands, Inc. (US), Kenall Manufacturing (US), Terra Universal Inc. (US), Bukas Lighting Group (US), Solite Europe (England), LUG Light Factory Sp. z o.o. (Poland), Eagle Lighting Australia Pty Ltd (Australia).

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In the mounting type segment, the recessed mounted is expected to hold the largest market share during the forecast period

Recessed mounted cleanroom lighting stands out as a preferred choice in the cleanroom lighting market due to its strategic advantages that align with the evolving needs of controlled environments. The recessed mounting design, wherein lighting fixtures are installed flush with the ceiling surface, offers a streamlined and unobtrusive appearance, minimizing exposed surfaces that could potentially harbor contaminants. This design not only adheres to stringent cleanliness standards but also optimizes space within cleanrooms, facilitating efficient floor and wall utilization.

In offering segment, hardware is expected to hold the largest market share during the forecast period

The hardware segment’s market share is the highest which is driven by several strategic factors that resonate with the evolving demands of controlled environments. Hardware solutions play a pivotal role in cleanroom lighting, encompassing fixtures, mounts, enclosures, and other essential components designed to meet stringent cleanliness standards. The robust growth of industries such as pharmaceuticals, biotechnology, and semiconductor manufacturing, where precision and sterility are imperative, is propelling the demand for advanced hardware solutions. Innovations in contamination-resistant materials, advanced mounting systems, and smart controls have significantly contributed to the appeal of hardware offerings.

In light source segment, LED is expected to hold the largest market share during the forecast period

The imperative for energy conservation and sustainability in industries such as pharmaceuticals, biotechnology, and semiconductor manufacturing is propelling the demand for LED cleanroom lighting solutions. Beyond efficiency, LED fixtures offer precise control over light distribution, ensuring consistent and uniform illumination critical for maintaining controlled environments. As technological advancements continue to enhance LED performance, including improved durability and design flexibility, the market witnesses a surge in demand. The global trend towards eco-friendly practices further supports the adoption of LED light sources, as they align with sustainability objectives. With their versatility, energy efficiency, and continuous technological innovation, LED light sources are positioned to drive sustained growth in the cleanroom lighting market across diverse industries.

Asia Pacific region is expected to witness the highest growth rate during the forecast period (2024-2029)

The Asia Pacific region harbors significant growth potential within the cleanroom lighting market. This anticipated expansion is fueled by a confluence of factors that underscore the region's dynamic industrial landscape. As countries within Asia-Pacific, including China, India, and Japan, undergo rapid economic development and industrialization, and there is a notable surge in the demand for controlled environments, particularly in sectors such as electronics, pharmaceuticals, and biotechnology. Governments in the region are increasingly emphasizing regulatory standards related to cleanliness, safety, and sustainability, providing a conducive environment for the adoption of cleanroom technologies, including specialized lighting solutions. Additionally, the Asia-Pacific region's pivotal role in global supply chains, coupled with its technological advancements, positions it as a hub for manufacturing and production activities that necessitate cleanroom facilities.

Digital Printing for Tableware Market Size Witness Substantial Growth in the Upcoming years by 2030

The Digital Printing for Tableware Market is projected to reach USD 452 million by 2029 from USD 326 million in 2024; it is expected to grow at a CAGR of 6.8% from 2024 to 2029. The Digital Printing for Tableware market is being propelled by several key factors, including increased demand for sustainable printing, growing demand from the foodservice industry, rapid technological advancement in digital printers, and rapid prototyping and testing of new designs.

The prominent market players in the Digital printing for tableware market include SACMI (Italy), Electronics for Imaging, Inc. (US), Inkcups Now (US), and Mimaki Engineering Co., ltd. (Japan), Boston Industrial Solutions, Inc. (US), PROJECTA ENGINEERING S.R.L. (Italy), Engineered Printing Solutions (US), INX International Ink Co. (US), KERAjet (Spain), Dip-Tech Digital Printing Technologies Ltd. (Israel).

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In the ink type segment, the UV ink sub-segment is expected to hold the largest market share during the forecast period

The utilization of UV ink in digital printing for the tableware market is propelled by its distinctive characteristics and advantages that align with the specific requirements of embellishing and personalizing a variety of tableware items, such as ceramics and porcelain. UV ink incorporates photoinitiators that, when subjected to ultraviolet light, trigger a rapid curing or drying process. This swift curing period is critical for maintaining high-speed production in digital printing for tableware. UV inks demonstrate robust adhesion properties, guaranteeing that the ink adheres firmly to the surface of ceramic and porcelain materials. This adhesion results in durable and long-lasting prints that can endure washing and everyday use.

In application segment, the Ceramic and porcelain segment is expected to hold the largest market share during the forecast period

Ceramics and porcelain are two of the most popular substrates for digital printing in the tableware market. These materials are known for their durability, scratch resistance, and ability to withstand high temperatures, making them ideal for use in food service applications. Additionally, ceramic and porcelain have a smooth, glossy surface that provides excellent printability, allowing for high-quality, detailed designs to be printed. Digital printing for ceramic and porcelain tableware empowers manufacturers to adorn their products with intricate, high-quality designs using cutting-edge printing technology. This modern printing method has gained substantial traction in the tableware industry due to its ability to deliver customization, detailed graphics, and streamlined production processes.

Asia Pacific region to witness the highest growth rate during the forecast period (2024-2029)

The Asia Pacific region harbors significant growth potential within the digital printing for tableware market. This anticipated expansion is fueled by a confluence of factors, including burgeoning industrialization, a rising population with increasing disposable income, and a growing appreciation for customized and aesthetically pleasing tableware. Countries like China, Japan, India, and South Korea are experiencing heightened adoption of digital printing technologies across various industries, including tableware production. Moreover, the region's robust manufacturing infrastructure and technological advancements position it favorably for further innovation and adoption of digital printing methods. The cultural significance of tableware in Asia Pacific societies, combined with the demand for unique and personalized designs, fuels the market's growth prospects.

Digital Scent Technology Market Size & Share Report, 2029

The Digital Scent Technology market was valued at USD 1.2 billion in 2024 and is estimated to reach USD 2.0 billion by 2029, registering a CAGR of 10.5% during the forecast period. 

The growth of Digital Scent Technology market is driven by the growing adoption of e-noses in food industry for process monitoring. freshness evaluation, and authenticity assessment, rising adoption of compact, portable, and loT-enabled e-noses, growing deployment of e-nose devices for diagnosing diseases, and integration of e-noses and synthesizers into smart homes.

The market for e-nose segment to hold largest market share during the forecast period.

Electronic noses (e-noses) emulate the human sense of smell using various sensor technologies and have applications in the medical and defense sectors. In the medical sector, they promise rapid, non-destructive disease diagnosis by analyzing breath, urine, or blood samples, enhancing treatment monitoring, and enabling personalized medicine. In April 2023, a mobile e-nose prototype for online breath analysis was introduced. The device, equipped with a gas sensor array featuring eight graphene-based materials, achieved over 80% accuracy in distinguishing respiratory diseases from 401 breath test cases, showcasing its potential for personalized health monitoring. The prototype addressed the need for non-invasive disease diagnosis, emphasizing the importance of timely and correct treatment in respiratory health management.

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Smartphones segment to grow at the highest CAGR in the end-use product in the Digital Scent Technology market during the forecast period.

The integration of digital scent technology into smartphones holds immense potential, offering a transformative layer to user experiences. In multimedia it opens doors to enhanced immersion by allowing users to smell movie scenes or experience a racing game's distinctive odors. Personalized notifications take on a new dimension, utilizing scents like coffee or fresh laundry for a more engaging and less intrusive experience. Digital scents also introduce innovative possibilities in marketing, where targeted ads come with a burst of the advertised perfume's scent, creating a sensory and memorable connection with consumers. Beyond entertainment, there are practical applications, such as using digital scents as accessibility tools for the visually impaired or incorporating them into health and wellness apps for managing stress or boosting energy.

Medical segment in application to the highest market share of the Digital Scent Technology market during the forecast period

Digital scent technology is used in the medical segment for clinical diagnosis. Human odor as a result from internal hormonal or metabolic changes, contains a biomarker for various diseases and indicates the physiological status of an individual. The main sources of human odor are saliva, sweat, breath, urine, and skin. Recently, the components of skin emissions, exhaled breath, and urine odor have created attention as diagnostic biomarkers of diseases and disorders, including liver disease, lung cancer, diabetes, asthma, cystic fibrosis, and chronic obstructive pulmonary disease. Volatile organic compounds are the major target for e-noses in medical diagnosis, such as ammonia in individuals with liver disease, acetone for patients with diabetes, and alkanes in patients with lung cancer, pentane in patients with asthma. The e-nose technology has the potential to be operated for diagnosis.

The Digital Scent Technology market in North America is estimated to account for largest share during the forecast period.

Increase in healthcare expenditure in North America has propelled the importance on enhancing patient care, diagnosis, and treatment processes. The integration of digital scent technology and e-noses can offer innovative solutions, particularly in healthcare facilities. The substantial increase in Medicare and Medicaid spending further underscores the government's commitment to healthcare, providing opportunities for technology adoption. Bio-sensing is one of the applications that is being used extensively in the healthcare industry. Biosensors are mainly used in the healthcare industry to recognize and track the physiological processes inside the body. It is used for the critical secondary and tertiary analysis of the physiological mechanisms.

Key Market Players

Major vendors in the Digital Scent Technology companies include Siemens (Germany), Amphenol Corporation (US), Sensirion AG (Switzerland), Honeywell International Inc. (US), Renesas Electronics Corporation (Japan), Envirosuite Ltd (Australia), Alpha MOS (France), Electronic Sensor Technology (US), Aromajoin Corporation (Japan), Figaro Engineering Inc. (US), Bosch Sensortec GmbH (Germany), and Alphasense (UK) among others.