Factors that drive the growth of the market include the growing adoption of Industry 4.0, rising emphasis on industrial automation in manufacturing processes, increasing government involvement in supporting industrial automation, the growing emphasis on regulatory compliances, increasing complexities in supply chains, and the surging demand for software systems that reduce time and cost.
Special Report on COVID-19 Impact on Smart Manufacturing Market, know More Click Below :-
to hold largest share of smart manufacturing market, by enabling technology, throughout forecast period
IIoT enables analyzing the collected data in an effective manner with the help of various algorithms and analytics. The Internet of Things (IoT) technology has transformed the operations of various industries, including the manufacturing industry. IIoT is revolutionizing manufacturing plants by connecting a wide network of intelligent devices that would increase automation in plants. IIoT is expected to revolutionize the manufacturing industry by enabling a greater amount of data, which can be shared throughout the enterprise from the plant floor to the supply chain. IIoT provides better connectivity, efficiency, scalability, and time- and cost-saving for industries. For example, SCADA systems and IoT technology complement each other. IoT is considered to be the fourth generation of SCADA systems. Big data and analytics have led to the integration of instrumentation with SCADA data to analyze and scrutinize the data generated during production processes. Continuous advancements in industrial automation are expected to bring significant benefits to end users in terms of increased profitability and improved efficiency. Information from SCADA systems acts as a data source for IoT. SCADA focuses on monitoring and controlling, while IoT analyzes machine data to improve productivity.
Energy & power industry to hold largest size of smart manufacturing market in 2025
Technological advances in developing markets such as India, China, Brazil, and the Middle East are likely to create significant opportunities for automation in these markets. As a result, a number of smart manufacturing solution providers have targeted this industrial sector. The power industry is growing rapidly because of the globally rising demand for energy. This results in high pressure on power-manufacturing companies to deliver cheap and reliable energy. Also, it becomes necessary for power-manufacturing companies to utilize available resources efficiently, reduce maintenance costs, and further enhance plant performance. Moreover, PAM and HMI solutions help power plant owners, operators, and original equipment manufacturers (OEMs) make improved business decisions regarding the performance and operational readiness of their assets.
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manufacturing market in APAC to grow at highest CAGR from 2020 to 2025
The smart manufacturing market in APAC is expected to grow at the highest CAGR globally from 2020 to 2025. China is one of the fastest-growing economies in the world and a global manufacturing hub for semiconductor and automotive industries. This is leading to the increasing adoption of advanced manufacturing technologies such as HMI, MES, AI, condition monitoring, AGV, and WMS. Smart manufacturing technologies are used in these industries to enhance the overall performance of manufacturing plants and improve production output. In addition, the growing economy and technological developments in various industries encourage the application of these technologies for monitoring and controlling production processes.
A few other companies involved in the development of smart manufacturing solutions include 3D Systems (US ), CISCO (US), General Electric (US), Honeywell (US), IBM (Europe), Mitsubishi Corporation (Japan), Schneider (Europe), Siemens (Europe), Oracle (US), SAP (Europe), Yokogawa (Japan) and Stratasys (US).
Semiconductor and Defense : Market Research : Ultra-Wideband Market: healthcare, automotive & transportation and consumer electronics Covid-19 impact on these sectors. The report "Ultra-Wideband Market by Application (RTLS, Imaging, Communication), Positioning system (Indoor, Outdoor), Vertical (Healthcare, Automotive & Transportation, Manufacturing, Consumer Electronics, Residential, Retail), & Geography - Global Forecast to 2025" is estimated to grow from USD 1.1 billion in 2020 to USD 2.7 billion by 2025, at a CAGR of 19.6%.
Major factors driving the growth of the UWB market include the rising demand for UWB technology in RTLS applications, the growing deployment of this technology in mobile devices, and the increasing adoption of the Industrial Internet of Things (IIoT). Download PDF Brochure:- COVID-19 Impact on the Global UWB Market UWB market is expected to witness a marginal dip in 2020 due to the COVID-19 pandemic as the movement restriction and lockdowns has resulted in the disruptions in the supply chain, However the use of remote monitoring technology, software managment tools could lead to higher adoption during post COVID-19 period.
Which are the major companies in the Thermoelectric Modules Market ? What are their major strategies to strengthen their market presence? The report “Thermoelectric Modules Market by Model (Single-Stage, Multi-Stage), Type (Bulk Thermoelectric Modules, Micro Thermoelectric Modules, Thin-Film Thermoelectric Modules), Functionality, Offering, End-Use Application, and Region – Global Forecast to 2024″, is projected to reach USD 1,023 million by 2024 from USD 668 million in 2019, at a CAGR of 8.9%.
Benefits of thermoelectric modules over conventional systems, simultaneous heating & cooling of thermoelectric modules catering to the demand in several applications, growth of electric vehicle market and focus of governments as well as product & service providers on using renewable energy sources is expected to drive the thermoelectric modules industry growth. Furthermore, underlying opportunities for the thermoelectric modules market include the development of thermoelectric modules for new application arena and the concept of turning body heat into electricity.
Download PDF Brochure:- About MarketsandMarkets™ Contact:Mr. Artificial Intelligence in Marketing Market: virtual assistant is the fastest-growing application. According to the “Artificial Intelligence in Marketing Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP, Computer Vision), Deployment Type, Application, End-User Industry, and Geography – Global Forecast to 2025″, the market is expected to be valued at USD 6.46 Billion in 2018 and is likely to reach USD 40.09 Billion by 2025, at a CAGR of 29.79% during the forecast period.
Growth in the adoption of customer-centric marketing strategies, increase in demand for virtual assistants, and increased use of social media for advertising are the major factors driving the demand for AI-based marketing and sales solutions. Download PDF Brochure:- Industrial Valves Market: What are the factors driving the growth post covid-19? The report “Industrial Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Function (On-off/Isolation, Control), Material, Type, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region – Global Forecast to 2025″, size was valued at USD 48.1 billion in 2020 and is projected to reach USD 85.7 billion by 2025.
It is expected to grow at a CAGR of 12.3% during the forecast period. Increasing demand for valves from the pharmaceuticals industry due to the outbreak of the COVID-19 pandemic, growing focus on the development of smart cities globally, rising need for connected networks to maintain and monitor industrial equipment, and surging requirement for establishing new nuclear power plants and revamping existing ones are the key driving factors for the industrial valves market. Download PDF Brochure:- Driver: Increasing demand for valves from healthcare and pharmaceuticals industries due to the outbreak of the COVID-19 pandemic Contact:Mr. Who are major players in global Silicon Battery Market? According to the new market research report “Silicon Battery Market by Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & Above), Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), and Region – Global Forecast to 2025″, is estimated to grow from USD 38 million in 2020 to reach USD 177 million by 2025 at a CAGR of 36.2%.
The silicon battery industry is likely to exhibit lucrative growth potential during the forecast period. Download PDF Brochure:- Which are the major companies in the Thermoelectric Modules Market ? What are their major strategies to strengthen their market presence? 5G Infrastructure Market Worth $47,775 Million by 2027 - Exclusive Report by MarketsandMarkets™ CHICAGO, Oct. 21, 2019 /PRNewswire/ -- According to the new market research report "5G Infrastructure Market by Communication Infrastructure (Small Cell & Macro Cell), Core Network (SDN & NFV), Network Architecture (Standalone & Non-standalone), Operational Frequency (Sub 6GHz & Above 6GHz), End User & Geography - Global Forecast to 2027", published by MarketsandMarkets™, the 5G Infrastructure Market is valued at USD 784 million in 2019 and is projected to reach USD 47,775 million by 2027, at a CAGR of 67.1%.
Lower latency in 5G, growing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic are among the major factors driving the 5G infrastructure market. Increasing M2M connections across various industries are also expected to drive the 5G infrastructure market growth during the forecast period. Ask for PDF Brochure: Small cell for 5G infrastructure held the largest market share in 2019. Opportunity and Challenges in Quantum Dots Market. According to a recently published research report “Quantum Dot Market by Product (Display, Medical Devices, Solar Cells, Photodetector/ Sensors, Lasers, Lighting (LED), Batteries and Energy Storage, and Transistors), Material (Cadmium-Based, Cadmium-Free), Vertical, and Region – Global Forecast to 2025″, The global quantum dot market size is expected to grow from USD 3.5 billion in 2020 to USD 10.6 billion by 2025, at a CAGR of 24.6%.
Increasing demand for quantum dot in display devices and advanced features of quantum dot are creating scope for the quantum dot industry. Download PDF Brochure:- Opportunity: Rising adoption of quantum dots in LED lighting. What are the opportunities in Laser Processing Market and which region will witness significant growth? According to the new research report “Laser Processing Market with COVID-19 Impact analysis by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Revenue (System Revenue, Laser Revenue), Application, End-user Industry, and Region – Global Forecast to 2025″, the global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period.
The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector. Download PDF Brochure:- Solid lasers to witness highest CAGR during forecast period Laser revenue to witness higher CAGR during forecast period. Europe/APAC which region to dominate Battery Management System Market?
According to the new market research report “Battery Management System Market by Battery Type (Lithium Ion, Advanced Lead-acid), Topology (Centralized, Modular, Distributed), Type, Application (Automotive, UPS, Telecommunications, Renewable Energy Systems), and Geography – Global Forecast to 2024″,the global battery management system market size is estimated to grow from USD 5.2 billion in 2019 to reach USD 12.6 billion by 2024, at a CAGR of 19.5%.
The battery management system market is likely to exhibit lucrative growth potential during the forecast period. The growth of this market is expected to be driven by the growing trend of electric vehicles, increasing requirement of battery monitoring in renewable energy systems, and need for effective electric grid management. The market also has several opportunities that can be explored by existing and entry-level companies to expand businesses. Download PDF Brochure:- APAC to exhibit the largest market size during forecast period.
What companies operate in the Human augmentation market, name some ? According to the new research report “Human Augmentation Market by Technology (Wearable, Virtual Reality, Augmented Reality, Exoskeleton, Intelligent Virtual Assistants), Functionality (Body Worn, Non-body Worn), Region – Global Forecast to 2024″, The human augmentation market is projected to grow from USD 70.9 billion in 2019 to USD 206.9 billion by 2024, at a CAGR of 23.9%.
Major factors driving the growth of the human augmentation market include surge in technology penetration in healthcare, safe and strong military personnel, advent of artificial intelligence in wearable devices, and growing popularity of wearable augmentation products. Download PDF Brochure:- APAC to witness highest CAGR in human augmentation market during forecast period Japan has a strong base of technologically advanced manufacturing industries that presents a significant opportunity for the market technology market in the country.
Which Region holds potential share of Battery Energy Storage System Market? what will be the impact of covid-19? According to the new market research report “Battery Energy Storage System Market with COVID-19 Impact by Element (Battery, Others), Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid And Off-Grid), Ownership, Energy Capacity, Application, and Geography – Global Forecast to 2025″, the battery energy storage system market is projected to grow from USD 2.9 billion in 2020 to USD 12.1 billion by 2025; it is expected to grow at a CAGR of 32.8% from 2020 to 2025. The growth of this market is expected to be driven by the prevailing trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution, surging requirement of continuous power supply from critical infrastructures in wake of COVID-19, growing adoption of lithium-ion batteries in renewable energy sector owing to their low costs and improved performance, and increasing demand for grid energy storage systems.
Request Report Sample@ About MarketsandMarkets™ Contact:Mr. Like this: Precision Forestry Market: Harvesting application is expected to hold the largest market share. According to the new market research report “Precision Forestry Market by Technology (CTL, Geospatial, Fire Detection), Application (Harvesting, Silviculture & Fire Management, Inventory & Logistics), Offering (Hardware, Software, Services), and Geography – Global Forecast to 2024″, published by MarketsandMarkets, the precision forestry market was worth USD 3.9 billion in 2019 and is projected to reach USD 6.1 billion by 2024, at a CAGR of 9.0% from 2019 to 2024.
Download PDF Brochure:- The rapid growth of the precision forestry market can be attributed to the increasing forestry mechanization in emerging countries of Asia Pacific and Africa, rising construction activities, growing demand for timber from sawmills, decreasing cost of forestry mapping technologies, prevention of illegal logging & deforestation; and increasing government support towards digitalization of forest management. “Harvesting application is expected to hold the largest market share from 2019 to 2024.” Contact:Mr. Radiation-Hardened Electronics Market by Design (RHBD) Manufacturing Technique is expected to grow at a higher CAGR. According to MarketsandMarkets research “Radiation-Hardened Electronics Market with COVID-19 impact, by Component (Analog & Digital Mixed Signals, Memory & Processors, Controllers, Power Devices), Manufacturing Technique, Application, Product Type, and Geography) – Global Forecast to 2026″, The market for radiation-hardened electronics was valued at USD 1.4 billion in 2020 and is estimated to reach USD 1.7 billion by 2026, registering a CAGR of 3.5% during the forecast period (2020–2026).
The growing intelligence, surveillance, and reconnaissance (ISR) operations globally, the increase in number of space missions, and growing demand for rad-hard electronics in the commercial satellite industry are factors driving the growth of the rad-hard electronics market. Download PDF Brochure:- The COVID-19 crisis has led to global health and economic pandemic. This has resulted in a number of businesses shutting down their manufacturing plants and halting most of their operations.
How is the solid-state transformer market segmented by Application, region, voltage level. According to the new market research report on the “Solid-State Transformer Market by Voltage Level (HV/MV, MV/LV), Application (Renewable Power Generation, Automotive, Power Grids, Traction Locomotives, and Others), and Region (North America, APAC, Europe, and RoW) – Global Forecast to 2030″, The solid-state transformer market size is expected to grow from USD 100 million in 2024 to USD 241 million by 2030 it is expected to grow at a CAGR of 15.8% from 2024 to 2030.
The key factors driving the growth of the market include growing alternative energy sector, increasing investments in smart grids and energy systems. Download PDF Brochure:- The solid-state transformer market has been segmented on the basis of voltage level, applications , and region. By Voltage Level: By Application. Audio Codec Market: Which Country will grow at highest CAGR? The report “Audio Codec Market by Component Type (Hardware and Software), Application (Desktop and Laptop, Mobile Phone and Tablet, Headphones, Headset and Wearable Devices), and Region – Forecast to 2025 “, is projected to grow from USD 5.9 billion in 2020 to USD 7.8 billion in 2025, at a CAGR of 5.5%. The growth can be attributed to the rising demand IoT enables devices and shift in consumer trend towards smart devices and electronics. Download PDF Brochure:- Software audio codec, by component type, is expected to grow at the highest CAGR during the forecast period The demand toward software audio codec products is showing the fastest growth in the forecast period as the inclination of technologies is rising towards software as it is convenient, less expensive, easily fragmented for encoding and decoding.
Mid-and High-Level Precision GPS Receiver Market by Type, Industry. 1 INTRODUCTION (Page No. - 29) 1.1 STUDY OBJECTIVES 1.2 MARKET DEFINITION AND SCOPE 1.2.1 INCLUSIONS AND EXCLUSIONS 1.3 STUDY SCOPE 1.3.1 MARKETS COVERED 1.3.2 YEARS CONSIDERED 1.4 CURRENCY 1.5 LIMITATIONS 1.6 STAKEHOLDERS 1.7 SUMMARY OF CHANGES. Mid-and High-Level Precision GPS Receiver Market expected to be worth $4.0 billion by 2026. 5G Infrastructure Market: What are Opportunities for investors? The report “5G Infrastructure Market by Communication Infrastructure (Small Cell & Macro Cell), Core Network (SDN & NFV), Network Architecture (Standalone & Non-standalone), Operational Frequency (Sub 6GHz & Above 6GHz), End User & Geography – Global Forecast to 2027″, is valued at USD 784 million in 2019 and is projected to reach USD 47,775 million by 2027, at a CAGR of 67.1%. Lower latency in 5G, growing adoption of virtual networking architecture in telecommunications, and growth in mobile data traffic are among the major factors driving the 5G infrastructure market.
Increasing M2M connections across various industries are also expected to drive the 5G infrastructure market growth during the forecast period. Download PDF Brochure:- Currently, the deployment of 5G in the industrial sector is in the nascent stage, and not many developments can be seen. 5G Infrastructure Market: What are Opportunities for investors? Which Region will lead Lithium-Ion Battery Market? Expanding automobile & industrial manufacturing sector will be the reason behind the Growth of Temperature Sensor Market. Which Region will witness highest growth in Geotechnical Instrumentation and Monitoring Market? Micro Battery Market: wearable devices application likely to grow at highest CAGR. Covid-19 Impact and How big is the opportunity for the Industrial Sensors market. What is the future valuation of global Delivery Robots Market.
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