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Display Panel Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The global display panel market was valued at USD 128.73 billion in 2018, and is expected to reach USD 165 billion by 2024, registering a CAGR of 4.2% during the forecast period (2019-2024). Display panels act as a bridge between consumers and information. Beyond traditional technologies, like television, displays are also prominently utilized in several significant trends, such as automotive, virtual reality, IoT, and connectivity.
The global market for UHD display resolution is gaining momentum, due to the emergence of highly defined pixel quality display monitors. There is an increasing demand for computer and TV displays, with high resolution.
Latest technologies, such as AMOLED displays, are expected to offer superior image quality and form factor advantages in high-end devices. Despite the excessive capacity availability, the challenge to faster adoption would be limited.
TVs are expected to have the highest growth rate over the forecast period, due to the increase in sales of ultra-high-definition and organic light-emitting diodes in developing economies, such as India, Brazil, and China.
Scope of the Report
Panel displays are electronic viewing technologies used to enable people to see content in a range of entertainment, consumer electronics, personal computer, and mobile devices, and many types of medical, transportation, and industrial equipment.
Key Market Trends
Flat Panel Accounted For the Most Significant Form Factor
The rising consumer demand for large LCD televisions, increasing screen size of smartphones, and growth in the development of automotive displays are some of the factors that are driving the demand for flat panel displays.
Major manufacturers are focusing on ultra-slim LCD TVs, high-resolution, slim smartphone designs, and better user interface and touchscreen for automotive display. These factors are emerging as major contributors to the increasing demand for flat panel display.
The increasing usage of flat panels from the education sector, for the adoption of new technologies for classrooms and enhancement of system and infrastructure, are driving the segment’s growth. Further, the increasing adoption of interactive 3D panels from end users is expected to boost the growth of the segment.
It is further estimated that the display sizes of these panels will increase; 70″+ screens are taking over from 60″ and 84″ screens are being replaced with 86″ versions. This shift is majorly driven by the incorporation of more efficient processes that lead to less wastage, while producing more number of panels. Also, bezels are becoming narrower, so the actual visible screen is bigger.
India is Expected to Witness Significant Growth
The consumer spending in India is increasing, due to rising disposable income, due to which the demand for televisions is witnessing a high spike, owing to the rising soccer fan base in India. As a result, the TV makers in India are launching larger screens with advanced technologies, which, in turn, is likely to boost the market growth in the country over the forecast period.
Furthermore, the changing behavior in TV connection is expected to drive the market growth. Subscriptions, such as Netflix and Amazon Prime, have been made available for Smart and Android TVs, owing to which, the demand is gaining high traction, thereby, propelling the market growth.
Owing to the favorable government regulations associated with FDI, foreign companies are regularly offering premium TVs at competitive prices. For instance, in February 2018, Xiaomi launched its 55 inches LED TV, for which the demand spiked among consumers. This is expected to result in ascended demand for a display panel, thereby, fostering the market growth.
This display was first incorporated in a city in Northern India, in a shopping mall. As a result, it is expected to compel other malls to use similar technologies to attract more consumers. This is projected to have a positive impact on the market growth in India over the forecast period.
Competitive Landscape
The display panel market is moderately fragmented. Gaining a sustainable competitive edge through innovation is a major trend that has been observed in the display panel market, which has been leveraged by leading players, particularly in the major markets. This trend intensifies the competitive rivalry in the market.
Brand identity plays a crucial role in shaping the competition in the market, with large and established players attaining a significant advantage over the new entrants and regional players. The firm concentration for display panels is moderate. The high degree of transparency, especially in the conventional displays segment, results in similar products being available in the market, and thus, a high degree of competition.
Some of the key players in the display panel market are Panasonic and Samsung. Some of the key developments in the market are as follows:
LG Display developed the world’s first 88-inch 8K OLED display. This industry-leading product was showcased at LG Display’s booth at CES 2018 in Las Vegas, in January 2018.
Samsung showcased industry-leading advancements in the 8K and MicroLED TV technology at QLED and advanced displays summit. The company also unveiled its ambitions of integrating QLED displays, 8K ecosystem, MicroLED technology, and HDR into consumers’ lifestyles, in June 2018.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Demand for UHD Display Panels for TVs
4.3.2 Increasing Demand in the Consumer Electronics Market
4.4 Market Restraints
4.4.1 Overcapacity Resulting in Decrease in Average Selling Price and Revenues
4.5 Value Chain Analysis
4.6 Industry Attractiveness- Porters Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 LCD
5.1.2 OLED
5.2 By Size
5.2.1 Small and Medium
5.2.2 Large
5.3 By Form Factor
5.3.1 Flat Panel
5.3.2 Flexible Panel
5.4 By Resolution
5.4.1 8K
5.4.2 4K
5.4.3 HD (HD, WQHD, and FHD)
5.5 By Application
5.5.1 TV
5.5.2 Tablet and Mobile Phone
5.5.3 Monitor (Desktop and Notebook PC)
5.5.4 Digital Signage
5.5.5 Automotive
5.6 Geography
5.6.1 North America
5.6.1.1 United States
5.6.1.2 Canada
5.6.2 Europe
5.6.2.1 Germany
5.6.2.2 United Kingdom
5.6.2.3 France
5.6.2.4 Rest of Europe
5.6.3 Asia-Pacific
5.6.3.1 Japan
5.6.3.2 India
5.6.3.3 South Korea
5.6.3.4 Rest of Asia-Pacific
5.6.4 Latin America
5.6.4.1 Brazil
5.6.4.2 Argentina
5.6.4.3 Mexico
5.6.4.4 Rest of Latin America
5.6.5 Middle East & Africa
5.6.5.1 United Arab Emirates
5.6.5.2 Saudi Arabia
5.6.5.3 South Africa
5.6.5.4 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AU OPTRONICS CORPORATION
6.1.2 BOE JAPAN CO. LTD
6.1.3 INNOLUX CORPORATION
6.1.4 LG DISPLAY CO. LTD
6.1.5 SAMSUNG ELECTRONICS CO. LTD
6.1.6 Panasonic Corporation
6.1.7 Sharp Corporation
6.1.8 Hisense Co. Ltd
6.1.9 Toshiba Corporation
6.1.10 Sony Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 MARKET INVESTMENT ANALYSIS
MARKET SEGMENTATION
By Technology
LCD
OLED
By Size
Small and Medium
Large
By Form Factor
Flat Panel
Flexible Panel
By Resolution
8K
4K
HD (HD, WQHD, and FHD)
By Application
TV
Tablet and Mobile Phone
Monitor (Desktop and Notebook PC)
Digital Signage
Automotive
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa
Electronic Design Automation Tools (EDA) Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The global electronic design automation tools market was valued at USD 9.76 billion in 2018 and is projected to reach USD 17.35 billion by 2024, registering a CAGR of 10.1% during the forecast period of 2019-2024. Electronic design automation (EDA) tools have provided the silicon industry with the ability to innovate over the past few years. EDA is responsible for developing the design tools that enable the IC design process to be achieved at a design cost that allows the ecosystem to operate at a profit.
EDA is an integral component of semiconductor design. Therefore, the growth of the semiconductor industry positively impacts the EDA market studied. The booming automotive, IoT, and AI sectors drive the growth of the semiconductor market, which requires electronic devices with complex designs.
Since the inception of semiconductors, Moore’s Law—the prediction that the number of transistors in an integrated circuit will increase two-fold every 18-24 months—has held true. However, in the recent years, scientists have increasingly come to believe that fundamental physical limits may soon make it hard to place additional elements on the same small area in an economical way, which could ultimately prove that Moore’s Law is faulty.
The increasing demand for advanced electronic devices with complex designs and the need to reduce the size while improving the performance of ICs compel IC manufacturers to increase their R&D investments and adopt EDA tools. Therefore, the demand for EDA tools, compared to the other sectors, is expected to be high.
Scope of the Report
Electronic design automation (EDA) is a term for a category of software products and processes that help to design electronic systems with the aid of computers. These tools are often used to design circuit boards, processors, and other types of complex electronics.
Key Market Trends
Automotive Expected to be a Significant Application
Semiconductor foundries are accelerating their efforts in automotive chip production in preparing for a surge in semiconductors used in advanced driver-assistance systems (ADAS) and autonomous driving
All of the major EDA vendors are scrambling to expand their process portfolios for automotive customers. The companies are seeing a growing demand from automotive IC customers amid the push toward traditional cars with more connectivity features – ADAS, and electric/hybrid vehicles. The automotive sector is also attractive because many devices don’t require leading-edge processes, and hence, a large number of vendors can participate with less effort.
Virtual verification of designs has become an inevitable part of chip manufacturing because of the increased requirement for safety and performance. The verification process involves testing the electrical and electronic components under various temperature and pressure conditions. The test ensures that the failure of a device does not lead to any mishap. The increasing complexity in the automotive industry is positively impacting the demand for EDA tools across the industry.
EDA vendors have started to offer their tools and software online. Increased Internet penetration worldwide has made it easy for potential customers to access these tools online, and use them to design and fabricate chips. Consequently, the capital expenditure for companies has reduced because of reduced TCO and infrastructure costs to accommodate these tools. This also helps improve SCM as the total number of resellers and distributors reduces considerably.
Asia Pacific Region Expected to Witness Significant Growth
The semiconductor industry of China has been showing an upward trend for the past ten years. The objective has been to become competitive with the Taiwanese semiconductor industry. The strength of the sector comes from fabless companies. The fabless segment of China’s semiconductor industry accounted for revenues that exceeded USD 20 billion for the first time. China represents one-quarter of the global fabless industry.
China’s growth in foundry services is reflected by the capital spending of Semiconductor Manufacturing International Corporation (SMIC). SMIC’s capital spending was USD 2.3 billion in 2017, up by 87% from 2016 and the fastest growth rate of the top eleven spenders.
Taiwan maintained its position of no.2 in the global fabless market with 16% market share of the total chip-design sales in 2017, and it has been consistent from 2010. Companies, like Realtek, MediaTek, and Novatek each had more than USD 1 billion in IC sales in 2017, and each ranked among the world’s top-20 fabless IC companies.
The Asia-Pacific semiconductors market has been boosted by a strong domestic demand, causing the market to become the largest in the world. A particular trend in the Chinese market has been that of consolidation, wherein state supervised Chinese players have been amalgamated to increase their manufacturing capacity and ability to compete with foreign rivals. Through a process of consolidation, new Chinese semiconductor giants are emerging and have been able to utilize their financial power and production capacities to augment domestic production and reduce the country’s reliance on imports.
Competitive Landscape
The EDA market is highly fragmented. New opportunities in the automotive, IoT, artificial intelligence, and virtual/augmented reality sectors have allowed semiconductor companies throughout all phases of the IC production cycle to prosper, with sizable revenue increases. This has occurred despite significant gains in chip performance, but at relatively flat unit sales prices.
One of the main reasons why firms can minimize the impact of competitive rivalry and sustain profitability is concentration. On the whole, the competitive rivalry of the industry is high. Moving forward, acquisitions are expected, through which, the three key companies are expected to gain competitive advantages over their rivals.
Some of the key players in the industry include Mentor Graphics, Synopsis, IBM. Some of the key developments in the EDA market are as follows:
Synopsys announced its investment in AI design solutions, to address the extreme complexities of leading-edge design. The AI implementation was aimed at expanding the Synopsys Design Platform, accelerating time-to-results (TTR), achieving new levels of push-button automation, and setting new standards for quality-of-results (QoR) in digital and custom design.
Mentor announced that its Tanner EDA group is partnering with VPIphotonics and a pioneer of photonics simulation and to deliver dynamic and cost-effective design and analysis solutions, for companies that develop devices for the emerging silicon photonics market. Through this partnership, Mentor is leveraging VPIphotonics’ 20-plus years of photonic simulation, for active/passive/hybrid integrated circuits and systems.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Booming Automotive, IoT, and AI Sectors
4.3.2 Upcoming Trend of EDA Toolsets Equipped with Machine Learning Capabilities
4.4 Market Restraints
4.4.1 Moore’s Law is about be Proven Faulty
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Computer-aided Engineering (CAE)
5.1.2 IC Physical Design and Verification
5.1.3 Printed Circuit Board and Multi-chip Module (PCB and MCM)
5.1.4 Semiconductor Intellectual Property (SIP)
5.2 By Application
5.2.1 Communication
5.2.2 Consumer Electronics
5.2.3 Computer
5.2.4 Automotive
5.2.5 Industrial
5.2.6 Other Applications
5.3 Geography
5.3.1 Americas
5.3.2 Europe, Middle East & Africa (EMEA)
5.3.3 Asia-Pacific
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Altium Limited
6.2.2 ANSYS Inc.
6.2.3 Cadence Design Systems Inc.
6.2.4 Keysight Technologies Inc
6.2.5 Agnisys Inc.
6.2.6 Aldec Inc.
6.2.7 Lauterbach GmbH
6.2.8 Mentor Graphic Corporation (Siemens PLM Software)
6.2.9 Synopsys Inc.
6.2.10 Xilinx Inc.
6.2.11 Zuken Ltd.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Computer-aided Engineering (CAE)
IC Physical Design and Verification
Printed Circuit Board and Multi-chip Module (PCB and MCM)
Semiconductor Intellectual Property (SIP)
By Application
Communication
Consumer Electronics
Computer
Automotive
Industrial
Other Applications
Geography
Americas
Europe, Middle East & Africa (EMEA)
Asia-Pacific
Explosion-proof Equipment Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The global explosion–proof equipment market was valued at USD 8.41 billion in 2018, and is expected to reach a value of USD 11.65 billion by 2024, at a CAGR of 5.5% over 2019-2024. Increasing demand for integrated systems, progress in the automation sector, growth in industrial sectors, and stringent government regulations in handling hazardous areas are projected to foster the market growth, globally.
With the increasing consumption of energy, the need for fetching energy and fuel also increases. This stimulates the market for explosion-proof equipment, as they are widely used to prevent explosions during the generation of power from natural resources. With the world depending on coal to meet its energy requirements, new sites are being explored for coal reserves.
Explosion-proof devices cater to highly capital- and machine-intensive markets, like aerospace, manufacturing, and defense. Thus, the cost of safety devices required in these industries is also high.
Low-voltage explosion-proof motors are used extensively in the market, with many tier 2 and tier 3 manufacturers offering off-the-shelf single-phase and three-phase explosion proof AC and DC motors. Low-voltage motors are used in pumps, compressors, and blowers for application in the oil and gas industry. The growth of low-voltage motors is expected to increase, mainly because of expansion in both onshore (shale extraction) and offshore (FPSO and offshore production units) activities in the oil and gas industry.
Scope of the Report
Explosion-proof equipment refers to products that limit any source of explosion within its housings. This equipment relies on various principles of protection, such as explosion prevention, explosion proof, and explosion segregation.
While explosion-proof equipment utilizes a robust, protective housing, in order to contain any explosion within itself, explosion segregation equipment isolates the source of explosion inside a protective medium.
The key products available in the explosion-proof equipment market, and considered under the scope of the report, include lighting fixtures, switches and plugs, sensors, security cameras, signals and alarms, junction boxes, and cable glands.
Key Market Trends
Mining Industry to Hold Significant Share
A majority of the explosions in underground mines and processing facilities are caused by the accumulation of flammable and toxic gases and combustible dust.
While countries have made much effort in preventing explosion disasters, mining remains the most hazardous occupation, as the number of people exposed to risk in a mining environment is the maximum, and it also produces multiple fatalities.
Stringent government regulations across the mining industries in various countries, such as the Mines Regulations, 2014 by the United Kingdom, state specific health and safety legislation for workers, as well as regarding electrical safety in mines.
United Kingdom to Witness Significant Growth
Regulations and codes present in the region are majorly posed by ATEX directives. The major regulations operating in the region are the Institute of Petroleum Model Code of Practice (Area Classification Code for Petroleum Installations, 2002) and the Institution of Gas Engineers Safety Recommendations SR25 (2001).
In 2017, there were 1,300 companies involved in pharmaceutical manufacturing in the United Kingdom. Manufacturing in life sciences sector accounted for nearly 10% of all UK manufacturing, and sector exports were more than EUR 30 billion. Production grew to EUR 250 billion in 2016, which acted as a positive outlook to the market.
Majority of Food and Drinks Federation (FDF) members have reported soaring ingredient prices, plummeting product margins, and concerns for the future raised by their EU workforce. This trend by most of the companies is expected to continue over the next year.
These developments are expected to put the UK food and beverage industry at risk, which may challenge the growth of the explosion-proof equipment market, but are likely to stabilize over the forecast period, as the economy is expected to stabilize. The major setback to the United Kingdom’s explosion-proof equipment market is due to the downfall witnessed in crude oil production.
Competitive Landscape
The degree of competition in the explosion-proof equipment market is high, due to the presence of electrical product manufacturers. The firm concentration ratio in major industry verticals is on the higher side, due to increasing demand for safety.
Sustainable competitive advantage has been established by market leaders, like Marechal Electric Group and R. Stahl, through innovation and market consolidation. Adalet, a Scott Fetzer company, is focused on making strategic acquisitions.
The company is seeking to acquire companies focused on the manufacturing and marketing of explosion-proof and flameproof enclosures, along with cable coupler, connectors, and stainless steel enclosures that are held privately.
Intertek Group PLC is concentrating on building a strong relationship with its consumers, by delivering superior, high-quality services. The company is planning to formulate an effective sales strategy, primarily to improve its business, by attracting new clients and increasing account penetration with existing customers.
Another recent development in the explosion-proof equipment market was made by Intertek Group PLC. The company partnered with Corescan to offer hyperspectral scanning.
This extended capability will serve a range of applications from green and brownfields exploration, processing and geo-metallurgical assessments to environmental and geotechnical studies. CorDEX Instrument, a manufacturer of intrinsically safe tools and instrumentation, launched a lightweight, intrinsically-safe, and thermal imaging capable camera in the TOUGHPIX DIGITHERM series.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Stricter Regulations for Handling Hazardous Areas and Substances
4.3.2 Rising Energy Requirements, Driving the Demand for the Exploration of New Mines and Oil and Gas Resources
4.4 Market Restraints
4.4.1 Safety Regulations Vary Across Different Regions
4.4.2 Slow Economic Activity Directly Affects the Market
4.5 Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Explosion Proof
5.1.2 Explosion Prevention
5.1.3 Explosion Segregation
5.2 By Zone
5.2.1 Zone 0
5.2.2 Zone 20
5.2.3 Zone 1
5.2.4 Zone 21
5.2.5 Zone 2
5.2.6 Zone 22
5.3 By End User
5.3.1 Pharmaceutical
5.3.2 Chemical and Petrochemical
5.3.3 Energy and Power
5.3.4 Mining
5.3.5 Food Processing
5.3.6 Oil and Gas
5.3.7 Other End Users
5.4 By System
5.4.1 Power Supply System
5.4.2 Material Handling
5.4.3 Motor
5.4.4 Automation System
5.4.5 Surveillance System
5.4.6 Other Systems
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.2 Europe
5.5.2.1 United Kingdom
5.5.2.2 Germany
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 India
5.5.3.3 Japan
5.5.3.4 Rest of Asia-Pacific
5.5.4 Latin America
5.5.4.1 Mexico
5.5.4.2 Brazil
5.5.4.3 Argentina
5.5.4.4 Rest of Latin America
5.5.5 Middle East & Africa
5.5.5.1 United Arab Emirates
5.5.5.2 South Africa
5.5.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 R. STAHL AG
6.1.2 Marechal Electric Group
6.1.3 RAE Systems (Honeywell)
6.1.4 Pepperl+Fuchs GmbH
6.1.5 Intertek Group PLC
6.1.6 Adalet Inc.
6.1.7 Bartec GmbH
6.1.8 Alloy Industry Co. Ltd
6.1.9 Cordex Instruments Ltd
6.1.10 G.M. International SRL
6.1.11 Extronics Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Explosion Proof
Explosion Prevention
Explosion Segregation
By Zone
Zone 0
Zone 20
Zone 1
Zone 21
Zone 2
Zone 22
By End User
Pharmaceutical
Chemical and Petrochemical
Energy and Power
Mining
Food Processing
Oil and Gas
Other End Users
By System
Power Supply System
Material Handling
Motor
Automation System
Surveillance System
Other Systems
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Middle East & Africa
United Arab Emirates
South Africa
Rest of Middle East & Africa
Force Sensors Market – Growth, Trends and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 13-06-2019
Market Overview
The Force Sensor Market is expected to register a CAGR of over 5.9% during the forecast period 2019 – 2024. Force sensors have become key features in industrial robots, by enabling them to be task agnostic and safely operate alongside humans. These sensors have improved the monitoring and managing of networked embedded systems. The adoption of automation has transformed the global landscape, as these sensors have become critical to all automated equipment, offering accuracy and precision in all operations.
Force sensing makes surfaces more intuitive to use, and the displays enable user experience designers to simplify and improve the control surface layouts, on many of today’s appliances. This has allowed designers to seamlessly integrate force sensors into new designs, by exploring a new generation of user interfaces for appliances.
To meet the demands for testing ever-smaller switches and touchscreens, the market studied has evolved to test small buttons. These sensors also offer protection from overload, while being able to provide accuracy and standardization.
Rapidly changing requirements across the automotive, medical, and aerospace sectors have been creating the need for more precise measurement. However, the technological landscape in the industry has been developing at a slower pace as compared to industrial demands, thereby creating a gap between supply and demand.
This technological gap in demand could lead to under-utilization of the manufacturing and assembly processes. Further, this may even cause the impairment of assets, including facilities, equipment, and intangible assets, leading to increased expenses.
Scope of the Report
Force sensors are the devices that convert external force into digital signals, thereby assisting the parent system to detect, measure, and monitor the magnitude and direction of the applied force.
Key Market Trends
Healthcare is expected to register a Significant Growth
The healthcare segment of the market studied is anticipated to record the fastest growth, among all applications of force sensors. Across the globe, increasing healthcare expenditure, extensive R&D activities, and rising demand for portable medical devices and automation in the sector, are anticipated to be the primary factors responsible for the growth of the segment.
In the healthcare sector, force sensors are often implemented in the form of load cells. In such way, force sensors are used for various applications, including infusion pumps, physical therapy, patient weight monitoring systems, cardiopulmonary-resuscitation (CPR) devices, surgical staple guns, assist machines for emergency medical treatment, and oxygen tank monitoring, among others.
Surgical procedures have also undergone changes, as force sensors are being employed in surgical instruments, such as ocular surgery devices, staple machines, etc. These help the operating doctors to conduct more accurate and precise procedures, with the help of digital assistance provided by real-time data gathered and processed from force sensors.
In the recent times, with the advent of connected medical equipment policies and IoT technologies, minimal equipment, such as saline drip weight measurement systems, have also been identified to be using force sensors to take periodic readings, in order to provide the best possible patient care.
The United States is Expected to Hold Major Share
High implementation of digitization in the healthcare sector, due to the increasing necessity to improve quality of health care services, and the rise in the military and defense expenditure are expected to offer growth opportunities for force sensors in the United States.The country recorded the highest healthcare expenditure in the world over the last few years. As of 2017, health expenditure in the country was valued around USD 3.5 trillion, an increase of 4.5% from 2016. However, due to the digital revolution, it can be estimated that over USD 300 billion in healthcare expenses can be saved, specifically, in the field of chronic disease management.
FDA’s announcement of regulation, which highlights high-risk technologies can help big market players, who want to develop a universal platform for wearable medical technology. This is expected to drive the demand for wearables in medical applications.
Competitive Landscape
The Force Sensor Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Force Sensor Market to strengthen their product capabilities. In July 2018, NextInput Inc. introduced the new ForceGaug sensor family, with 200% higher sensitivity performance. This disruption paves the way for the emergence of force-based HMI in smart watches, large touch displays, automotive panels, stainless steel appliances, and other applications.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Innovation and Development in the Consumer Electronics Sector
4.3.2 Surging Demand in the Automotive Sector
4.4 Market Restraints
4.4.1 Fluctuating Market Demands and Customization Issues
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness- Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Piezoresistive
5.1.2 Capacitive
5.1.3 Piezoelectric
5.1.4 Strain Gauge
5.1.5 Other Technologies
5.2 By End-user Industry
5.2.1 Healthcare
5.2.2 Industrial Manufacturing
5.2.3 Packaging
5.2.4 Automotive
5.2.5 Aerospace and Defense
5.2.6 Consumer Electronics
5.2.7 Others End-user Industries
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alps Electric Co. Ltd
6.1.2 Synaptics Inc.
6.1.3 Interlink Electronics Inc.
6.1.4 Pressure Profile Systems, Inc.
6.1.5 Uneo Inc.
6.1.6 Futek Advanced Sensor Technology Inc.
6.1.7 Tekscan Inc.
6.1.8 Hottinger Baldwin Messtechnik (HBM) GmbH
6.1.9 Kavlico Corporation
6.1.10 Flintec Group AB
6.1.11 Tecsis GmbH
6.1.12 Shenzhen New Degree Technology Co. Ltd.
6.1.13 Sensel Inc.
6.1.14 Tangio Printed Electronics
6.1.15 NextInput Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Piezoresistive
Capacitive
Piezoelectric
Strain Gauge
Other Technologies
By End-user Industry
Healthcare
Industrial Manufacturing
Packaging
Automotive
Aerospace and Defense
Consumer Electronics
Others End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
High-End Accelerometer Market – Growth, Trends and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 10-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 10-06-2019
Market Overview
The global high-end accelerometer market was valued at USD 202.42 million in 2018, and it is expected to register a CAGR of 4.2% over the forecast period (2019-2024). The increasing adoption of MEMS technology has also played a significant role in expanding the application base for high-end accelerometers by scaling down the size and power consumption of these devices, without compromising on the performance metrics.
High-end accelerometers are also being increasingly used in navigation systems for high-speed trains and autonomous vehicles. These devices are widely used for performing shock and vibrational test for evaluating the performance of automobiles in duress.
The increased vibration levels of automated machinery in high-end industrial applications during high-speed operations, such as cutting or milling, are expected to damage critical materials and reduce precision. Such cases require higher stability to have higher machine control. Thus, high-end accelerometers are being adopted significantly for these applications.
Furthermore, increasing adoption of automated solutions aided the sales of triaxial accelerometers as they have low noise and temperature compensated design that can transmit the data with high precision and speed without any loss of data.
Scope of the Report
Accelerometers are capable of measuring acceleration, vibration, and tilt or shock. Thus, they are used in a diverse range of applications, such as industrial platform stabilization systems. High-end accelerometers are primarily used in high-grade applications for calculating the magnitude and direction of acceleration. Piezoelectric, capacitive and geophone technologies drive these systems as they have achieved reduced size and low-cost capabilities.
Key Market Trends
Tactical Applications to Hold Major Share
The limited number of measurements and the significantly high-cost of the system under test have historically generated demands on the part of tactical applications, such as military and aerospace customers for a high degree of reliability in accelerometer performance. When the high-end accelerometer is permanently integrated into the system for control and monitoring functions, the reliability requirements are intensified.
High-end accelerometers for tactical grade applications are mainly used in the defense and military sectors. These devices operate with bias stability of less than 1mg, with a working range of 20 to 100g and temperature range starting from -55°C. A number of factors have notably contributed to the aforementioned increased reliability.
The need for proper fabrication method is of utmost importance for high-performance accelerometers. In order to achieve high-performance tactical grade accelerometers, high aspect ratio devices should be fabricated with great accuracy.
North America to Hold Major Share
The North American region is witnessing a growth in the development of new high-performance accelerometers, as companies in the region are investing in introducing advanced and innovative accelerometers. The increased spending by the US defense to acquire high-performance equipment is the major factor driving the growth of high-end accelerometers in the country. Moreover, according to the Small Business Innovation Research (or SBIR) program, the objective of the US Navy is to develop and demonstrate an innovative acceleration technology applicable to inertial navigation, real-time gravimetry, and gradient measurements that can be met by introducing improvements and innovative changes to an existing government-owned accelerometer technology. Increasing mining and exploration activities in the region also pose a high demand for high-end accelerometers. According to Mining Engineering, the United States and Canada together accounted for 33.33% of active mineral exploration sites in 2017.
Competitive Landscape
The high-end accelerometer market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. In January 218, the company announced the launch of BMA400, an ultra-low power acceleration sensor for wearables and Internet of Things (IoT) applications. Its greatly reduced power demand significantly extends battery lifetime, especially on coin cell-powered devices. In April 2018, Bosch planned a smart plant for electronic components. The company invested EUR 100 million in a new manufacturing plant in central Mexico and is focused on strengthening its local presence in North America.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness- Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Increasing Adoption of MEMS Technology
4.5.2 Inclination of Growth Toward Defense and Aerospace
4.5.3 Technological Advancements in Navigation Systems
4.6 Market Restraints
4.6.1 Operational Complexity Coupled With High Maintenance Costs
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Tactical Applications
5.1.2 Navigational Applications
5.1.3 Industrial Applications
5.1.4 Automotive Applications
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Sercel SA
6.1.2 Safran Colibrys
6.1.3 Physical Logic AG
6.1.4 Innalabs Limited
6.1.5 Sensonor AS
6.1.6 Tronics Microsystems (EPCOS)
6.1.7 Bosch Sensortec GmbH
6.1.8 Thales SA
6.1.9 Analog Devices Inc.
6.1.10 Honeywell International Inc.
6.1.11 STMicroelectronics NV
6.1.12 TE Connectivity
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Application
Tactical Applications
Navigational Applications
Industrial Applications
Automotive Applications
Geography
North America
Europe
Asia-Pacific
Rest of the World
IR (Infrared) Camera Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The IR camera market was valued at USD 5.63 billion in 2018, and it is expected to reach a value of USD 9.15 billion by 2024, at a CAGR of 8.3% over the forecast period (2019-2024). With increasing demand for advance driver assistance systems (ADAS) in future and investments in autonomous cars, IR cameras are expected to witness a significant adoption in vehicles.
The demand for surveillance has increased across various applications, such as military and defense, energy, and commercial spaces (such as banks) etc. With energy usage becoming a crucial part of the global strategy to manage natural resources, solar energy is gaining prominence. As solar power is becoming increasingly popular and solar panels are a costly and vulnerable commodity, good security is a must.
IR imaging has shown to be a better tool for the quantitative measurement of temperature than single spot infrared thermometers. However, these cameras can encounter errors in acquiring accurate temperature measurements in the presence of other environmental heat sources.
Asia-Pacific offers potential growth opportunities due to the rise in technology penetration, high defense spending, and presence of a large number of small and medium enterprises (SMEs).
Scope of the Report
An infrared camera is a non-contact device that detects infrared energy (heat) and converts it into an electronic signal, which is then processed to produce a thermalimage on a video monitor and perform temperature calculations.
Key Market Trends
LWIR and MWIR is Expected to have Significant Growth
LWIR and MWIR are the most used wavelengths of IR camera for security and surveillance applications. However, there are certain applications where LWIR is more efficient than MWIR, including objects of detection that span a very wide temperature range requiring intra-scene imaging of both hot and cold objects.
In harsh environments, where MWIR may not perform well in imaging through smoke or aerosols, LWIR is usually the chosen technology. These mainly include the firefighting and military applications.
Also, for most of the surveillance situations (man or vehicle to be detected within ambient temperature background), there is more flux (thermal energy emitted by the targets and by the environmental background), which is not efficiently contained by the MWIR due to the lack of band availability. Such applications have also witnessed the increased adoption of LWIR.
Asia-Pacific Region is Expected to Have Highest Growth
In China, IR cameras are witnessing an increased adoption in armed forces, owing to their day-night working capability and their ability to perform well in all weather conditions. For instance, the government of China offers huge military budgets for the incorporation of modern technology, owing to reforms by the Chinese communist party.
One of the world’s largest makers of drones, Chinese DJI, has partnered up with FLIR Systems, to bring infrared cameras to DJI’s drones. DJI is providing drones attached with thermal imaging cameras, which were used by coast guards, and are now also available at lower costs to the public for recreational purposes.
Furthermore, Southern China plays a significant role in the Chinese IR camera industry, as it acts as an access to the international technological and market hub Hong Kong. This makes it easier for players in Shenzhen to purchase IR LEDs, a key component in IR cameras, which give them an edge over their competitors in Northern and Eastern China.
Competitive Landscape
The IR camera market is highly competitive with a large number of players in the market. Some of the major players in the IR camera market are, FLIR Systems Inc. and Opga.
Some of the key recent developments in the IR camera market are as follows:
FLIR Systems launched a high-resolution thermal vision automotive development kit that features high-performance FLIR Boson thermal camera for automakers, tier-one automotive parts suppliers, and innovators of advanced driver assistance systems (ADAS). The new FLIR ADK enables developers to add an affordable, long-range thermal camera to their ADAS development vehicles, primarily to help advance reliability and redundancy required for self-driving cars in January 2018.
Raytheon Company secured a potential five-year logistics contract from the US Navy, which is worth SD 59.7 million, to support the infrared thermal imaging systems for V-22 and CH-53 aircraft.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Demand for Surveillance Across Various Verticals
4.3.2 Gradually Decreasing Costs of Thermal Cameras
4.3.3 Rapid Development of High Performance Infrared Cameras
4.4 Market Restraints
4.4.1 Lack of Accuracy in IR Camera Functionality
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Detector
5.1.1 Cooled
5.1.2 Uncooled
5.2 By Material
5.2.1 Germanium
5.2.2 Silicon
5.2.3 Sapphire
5.2.4 Other Materials
5.3 By Type
5.3.1 Short-wavelength IR
5.3.2 Medium-wavelength IR
5.3.3 Long-wavelength IR
5.4 By End-user Vertical
5.4.1 Military and Defense
5.4.2 Automotive
5.4.3 Industrial
5.4.4 Commercial
5.4.5 Residential
5.4.6 Other End-user Verticals
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Rest of Asia-Pacific
5.5.4 Rest of the World (Latin America, Middle East and Africa)
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Flir Systems Inc.
6.1.2 SPI Corporation
6.1.3 Opgal Optronics Industries Ltd.
6.1.4 Raytheon Company
6.1.5 Seek Thermal Inc.
6.1.6 Fluke Corporation
6.1.7 Testo AG
6.1.8 HGH Infrared Systems
6.1.9 Teledyne Dalsa Inc.
6.1.10 DRS Technologies Inc.
6.1.11 Optris Infrared Sensing, LLC
6.1.12 Xenics NV
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Detector
Cooled
Uncooled
By Material
Germanium
Silicon
Sapphire
Other Materials
By Type
Short-wavelength IR
Medium-wavelength IR
Long-wavelength IR
By End-user Vertical
Military and Defense
Automotive
Industrial
Commercial
Residential
Other End-user Verticals
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World (Latin America, Middle East and Africa)