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Optical Switches Market – Growth, Trends and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 14-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 14-06-2019
Market Overview
The Optical Switches Market is expected to register a CAGR of over 13.41% during the forecast period 2019 – 2024. The growing proliferation of cloud across all aspects of businesses in a diverse range of end-user industries is creating a robust demand for data center operations, as companies are increasingly investing to gain prominence in a highly contested and populated market space. Further, as major cloud content providers build out ever-larger data center facilities, the bandwidth limitations of conventional data center architectures become more apparent, throttling aggregate performance and efficiency.
The demand for cloud services, virtualization, and edge computing is augmenting the growth of the data center market. This has led to an overflowing influx of traffic within the data centers, thus pushing operated to find improved means to interconnect rising numbers of servers and move larger amounts of data between them. Server interconnection scalability within the data center is becoming a bottleneck, and inefficient data flow scaling constrains data center growth. Operational inefficiencies caused due to product breakages are reducing server utilization and wasting critical space, powering, and cooling resources.
Traditional data center, such as Optical-to-electrical-to-optical (OEO) switches and Ethernet routers have limited scalability and cannot keep up with growing intra-data center traffic bandwidth demands. Further, the logistics of deploying and managing miles of optical fiber required is not considered feasible.
While there are many ongoing as well as planned optical fibre network investments for various end-user applications, it is critical to consider the budget for a new fibre cable project. While most managers focus on the unit price of the materials involved, there is a greater need to select materials to achieve the best TCO for the customer.
The deployment of the fibre cable network deems itself as an expensive task. Further, maintenance of the network equipment and cables is also extremely necessary to ensure perfect system delivery. Fans and blowers are used to ensure an efficient cooling mechanism, which is vital to the fiber cable’s performance.
This necessitates a rigorous maintenance program. It also adds to the overall costs that come with the fiber optic technology. Due to these factors, telecom operators may hesitate to make such huge investments unless completely sure on the ROI, this may hinder the market growth.
Scope of the Report
Optical switches used in fiber optic transmission systems contributes to the development of the optical network. The main function of optical switching is to enable routing of optical data signals without the need for conversion to electrical signals and, consequently, is independent of data rate and data protocol. The transfer of the switching function from electronics to optics will offer a reduction in the network equipment, an increase in the switching speed, and a decrease in the operating power.
Key Market Trends
Optical Switching is expected to register a Significant Growth
The segment comprises of various applications of all-optical switches. Technological advancements in the all-optical switch, coupled Software Defined Network (SDN) paradigms, create compelling solutions to bring the fiber layer under software control. In addition to this, the adoption of all-optical switching in data centers facilitates both traffic provisioning and protection switching between the external network and the peering arbitrator. Moreover, in all-optical switching, any optical connection can be remotely monitored and tested and can be configured to switch automatically based on reduction, or loss, of the optical signal.
Furthermore, the incorporation of all-optical switching to C-RAN architectures allows the sharing of centralized monitoring and test equipment across multiple optical fiber front haul links interconnecting RRHs and BBUs.In 2017, China Telecom built a WDM ASON backbone network at 21 nodes throughout Jiangsu, Shanghai, Zhejiang, Hubei, Anhui, and Jiangxi. Through this project, the company deployed the first all-optical network 2.0 backbone network in the country.
The project witnessed the transformation from electric switching nodes to all-optical switching nodes. In addition, 21 ROADMs were deployed to create intelligent optical nodes, which will eventually become the optical cross-connect (OXC). Thus, potential such investments in other countries are expected to drive the demand for all-optical switches.
North America is Expected to Hold Major Share
The global roll out of 5G commercial services is expected to commence during 2019-2020. To support the accelerated build out of 5G in the United States, Ericsson predicts that 5G subscriptions are expected to reach the 150 million user mark, accounting for 48% of all mobile subscriptions in North America by the end of 2023.
Unlocking the full potential of 5G in the United States depends on the extension of fiber deep into the network. Despite the demand and potential economic benefits of fiber deployment, the United States currently lacks the fiber density in access networks to make the bandwidth advancements that are necessary to improve the pace of innovation and economic growth.
At the same time, an analysis based on the Deloitte Consulting LLP estimates that, the United States requires between USD 130 and USD 150 billion over the next 5-7 years to adequately support broadband competition, rural coverage, and wireless densification.
The aforementioned factors are expected to support and drive the demand for optical fiber-based broadband services, which in return aid the market growth significantly.Ericsson increased investment in 5G, AI, and automation in the United States, seeing the strategic opportunity in the market.
Competitive Landscape
The Optical Switches 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 Optical Switches technologies to strengthen their product capabilities. In June 2018, Hewlett Packard Enterprise and Deutsche Telekom AG implemented the world’s first proof-of-concept network data layer (NDL), which integrates various virtual network functions (VNFs) of different vendors, in a cloud infrastructure.
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 High Cost of Maintenance and Equipment for Deploying the Optical Network
4.3.2 Increasing Internet Penetration and Data Traffic of Mobile Devices
4.4 Market Restraints
4.4.1 Resistance in Variation of Existing Applications or Systems
4.4.2 Complexity Issues
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force 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
4.7 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 All Optical Switch (OOO)
5.1.2 Electro Optical Switch (OEO)
5.2 By Application
5.2.1 Optical Switching
5.2.2 Fiber Restoration and Optic Component Testing
5.2.3 Optical Add – Drop Multiplexing
5.2.4 Network Monitoring
5.2.5 Optical Cross – Connects (OXC)
5.2.6 Others (External Modulators)
5.3 By Technology
5.3.1 Mechanical Optical Switch
5.3.2 Micro Electronics Mechanical Switch (MEMS)
5.3.3 Liquid Crystal Optical Switch
5.3.4 Bubble Switch
5.3.5 Thermal Optical Switch
5.3.6 Semiconductor Optical Amplifiers Switch
5.3.7 Other Technologies
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Australia
5.4.3.6 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Mexico
5.4.4.4 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 UAE
5.4.5.2 Saudi Arabia
5.4.5.3 Israel
5.4.5.4 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Keysight Technologies Inc.
6.1.2 Hewlett Packard Enterprise Co
6.1.3 Fujitsu Ltd
6.1.4 ZTE Corporation
6.1.5 Yokogawa Electric Corporation
6.1.6 Nokia Corporation
6.1.7 Cisco Systems Inc.
6.1.8 Huawei Technologies Co Ltd
6.1.9 Ciena Corporation
6.1.10 Infinera Corporation
6.1.11 ADVA Optical Networking SE
6.1.12 Coriant GmbH
6.1.13 Keysight Technologies Inc
6.1.14 Juniper Networks Inc
6.1.15 Ericsson Inc
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
All Optical Switch (OOO)
Electro Optical Switch (OEO)
By Application
Optical Switching
Fiber Restoration and Optic Component Testing
Optical Add – Drop Multiplexing
Network Monitoring
Optical Cross – Connects (OXC)
Others (External Modulators)
By Technology
Mechanical Optical Switch
Micro Electronics Mechanical Switch (MEMS)
Liquid Crystal Optical Switch
Bubble Switch
Thermal Optical Switch
Semiconductor Optical Amplifiers Switch
Other Technologies
Geography
North America
US
Canada
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
Israel
Rest of Middle East and Africa
North America Dashboard Camera Market – Growth, Trends, and Forecasts (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 95 pages | Published: 13-06-2019 |
- Electronics
- Mordor Intelligence
- 95 pages
- Published: 13-06-2019
Market Overview
The North America Dashboard Camera Market is expected to register a CAGR of over 15.41% during the forecast period 2019 – 2024. The market studied has expanded rapidly over the last few years, due to a considerable rise in the number of accidents and thefts, which have led to government mandating the installation of dashcams. Driving assistance systems have gained popularity recently, owing to the drastic rise in the number of accidental fatalities that have been reported in the last decade. The demand for better assistance systems to categorically judge imminent dangers, and guide drivers, has emerged as viable product in the automotive sector.
There is a drastic increase in automobiles sales, worldwide. As more and more users are growing conscious about safety, dash cam installations are expected to witness an all-time high, over the forecast period.Many car manufacturers are providing built-in dash cams in their cars, to fulfill customers’ requirements for road safety. For instance, automobile manufacturer Citroen, has launched its first car to be sold in Australia, with a factory-fitted dash cam. It is integrated into the rearview mirror and records footage continuously, unless the driver switches it off.
There is a significant demand for driver assistance features in cars, which would help the drivers in navigation. Safety-conscious drivers also need smart dash cams that are innovative and have a better quality. Dash cams are also incorporating the ADAS functionality that takes driver safety to the next level, with its safety features, such as lane departure warnings, detection of front car movement, forward collision warnings, etc.
The rising number of automobile sales and increasing number of safety-conscious drivers are expected to increase the demand for dashboard cameras in cars, thus leading to its growth.
The problems of legality issues of dash cams are related to – obstructing the view through windshield and using electronic surveillance. Besides, these issues are dealt differently from one country to the other country, and can also differ within the jurisdictions of the same country.
There are privacy obligations for dash cam users, which have to be fulfilled. If people operate shared vehicles, they must inform the other person that a dash cam has been installed. This also holds true for those operating in the taxi industry. Minicab drivers, coach drivers, etc., who choose to use a dash cam, must inform every passenger who enters their vehicle that a dash cam is in use.
Scope of the Report
Dashboard Cameras are onboard cameras that continuously record the view through a vehicle’s front windscreen and sometimes rear or other windows. The important benefits of vehicle dash cameras are its accident recording capabilities. It helps to capture vehicle collations on video which ensures that there is always a witness around. Besides, many people have used accident footage to prove that they were not wrong. Dashcams are also placed on truck’ dashboard which help to record front facing videos. Besides, advanced dash cams can record rear views and some are equipped with specialized sensors to support more effective nigh time recordings.
Key Market Trends
Single-channel is expected to register a Significant Growth
The dashboard cameras are available in every conceivable configuration, ranging from a single lens to multiple lenses that allow simultaneous front and rear recording. The demand for single channel dashboard cameras is growing rapidly, due to the rising demand for dashboard cameras among motorists, owing to its usefulness in filing insurance claims, procurement of evidence for civil and criminal lawsuits, and other safety concerns.
Voxx International, one of the players, showcased its new 360Fly single lens 360° action camera. The ability of this system to provide mobility without a processor can be further extended to automotive applications, to obtain better-processed images. Further, the usage of wide-angle lenses in automotive camera modules is witnessing increasing adoption, due to a wide field-coverage and enhanced picture quality.
OEMs are exploring safety solutions that capture blind spots on the road. Thus, this technology is being adopted rapidly, on a large-scale. Single-channel dashboard cameras are relatively cheaper in comparison to the dual-channel dash cams, which further plays a vital role in influencing the consumers’ purchasing opinion.
Basic Technology is Expected to Hold Major Share
Basic dashboard cameras are affordable (ranging from USD 20 to USD 100) and usually have limited features, compared to other dashboard cameras. This segment has witnessed rapid adoption of full HD dashboard cameras, which are fast replacing SD dashboard cameras. Basic dashboard cameras are in-vehicle cameras with built-in or removable storage media, which continually record driving, with no additional feature. Dashboard cameras are being installed with the intention of gathering evidence, in the event of a road traffic accident.
Major taxi service provider companies install dash cams in their taxis, to film the passenger area, for example, to increase taxi drivers’ safety or to combat theft and vandalism. The basic dashcams are in-car cameras with built-in/removable storage media that constantly record driving, with no additional feature. In addition to basic practices of dash cams, advanced cameras offer much smarter features, such as audio recording, GPS logging, speed sensors, accelerometers, and uninterrupted power supply.
Also, benefiting from the trend of these dashboard cameras, a group of startups in the United States have developed an innovative business model, wherein they offer monetary rewards to drivers for installing dashboard cameras in their vehicles. The aim is to collect dash cam, recorded data, and ultimately aid technology companies in building maps for self-driving cars. As a result, an increasing number of ride-hailing service providers across North America, such as Lyft and Uber, have begun deploying in-car DVRs to record their rides.
Competitive Landscape
The North America Dashboard Camera 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 North America Dashboard Camera technologies to strengthen their product capabilities. In October 2017, Garmin acquired Navionics SpA, a provider of electronic navigational charts and mobile applications for the marine industry. Through this acquisition, the company aims to offer the best available breadth and depth coverage to it’s marine customers.
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 Increase In Automobile Sales
4.3.2 Favorable Dashboard Camera Installation Mandates
4.3.3 Increase In The Number Of Road Accidents And Thefts
4.4 Market Restraints
4.4.1 Laws Restricting The Use Of Dash Cams In Some Areas
4.4.2 Reliability And Privacy Issues
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force 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 Basic
5.1.2 Smart
5.2 By Product
5.2.1 Single-channel
5.2.2 Dual-channel
5.2.3 Rear-view
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Garmin Ltd
6.1.2 LG Electronics
6.1.3 Panasonic Corporation
6.1.4 Harman International Industries Inc
6.1.5 Transcend Information Inc.
6.1.6 Pittasoft Co. Ltd (BlackVue)
6.1.7 YI Technology
6.1.8 Papago Inc.
6.1.9 Mondo Systems Inc.
6.1.10 Steelmate Co. Ltd
6.1.11 Waylens Inc.
6.1.12 Rand McNally
6.1.13 Cobra Electronics Corporation.
6.1.14 HP Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Basic
Smart
By Product
Single-channel
Dual-channel
Rear-view
Geography
North America
US
Canada
Non-Destructive Testing (NDT) 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 non-destructive testing (NDT) market was valued at USD 15.67 billion in 2018 and is expected to reach a value of USD 23.1 billion by 2024, at a CAGR of 6.7% during the forecast period (2019 – 2024). Most of the non-destructive testing market is dependent on the oil and gas and aerospace sector. The NDT market has been affected severely by the recent fluctuations in crude oil prices, which is rendering loss to most players in the market.
Several governmental agencies and regional bodies, like the American Society of Mechanical Engineers (ASME) and the International Organization for Standardization (ISO), have been instituted across the world to take stringent measures for assuring the safety of instruments and overseeing of engineering services testing. This is important for gaining clearances and certificates from concerned authorities.
Over the past few years, there has been an incremental rise in the demand for skilled NDT technicians across the world. However, the demand, currently, outweighs supply due to a plethora of reasons.
NDT inspection companies have come under severe pressure, due to the supply/demand anomalies regarding the availability of certified professionals. Although many certifying organizations and training institutes have emerged in the recent times, NDT stands to be less attractive as a career in many Asian countries.
Scope of the Report
Nondestructive testing (NDT) is the process of inspecting, testing, or evaluating materials, components, or assemblies for discontinuities or differences in characteristics without destroying the serviceability of the part or system. In other words, when the inspection or test is completed, the part can still be used.
In contrast to NDT, other tests are destructive in nature and are therefore done on a limited number of samples, rather than on the materials, components, or assemblies actually being put into service.
These destructive tests are often used to determine the physical properties of materials, such as impact resistance, ductility, yield and ultimate tensile strength, fracture toughness, and fatigue strength; but discontinuities and differences in material characteristics are more effectively found by NDT.
Key Market Trends
Power and Energy sector expected to hold Significant Share
The main scope of NDT applications in the energy and power industry is to help ensure the safety, integrity, and reliability of plant equipment, such as pressure vessels, boilers, heat exchangers, pipework, and pipelines. The inspection of concrete structures is a part of plant life assessment, as these materials often form an essential part of the construction of such plant equipment.
During the next four years, more than 67 nuclear reactors in the world are estimated to reach an age over 40 years, and over 66 reactors to reach more than three decades of operational period.
Various regulations make it mandatory for such power plants to undergo a life assessment procedure as a safety measure. Regular inspection is required to check for any damage in the equipment and take necessary countermeasures to control them. This situation is expected to create increased opportunity for NDT equipment in the nuclear power sector.
In the Middle East & Africa, power plants under construction, such as nuclear plants in the United Arab Emirates, coal-based plants in Africa, and replacement of older oil-based power plants by newer ones in Qatar and Saudi Arabia, are expected to drive the demand during the forecast period.
United States to account for a Significant Share
The United States has a mature non-destructive testing (NDT) market. The country’s highly active oil and gas and aerospace industries are the major sources of demand for the non-destructive testing equipment and services in the country.
With the United States Department of the Interior (DoI) planning to allow offshore exploratory drilling in about 90% of the Outer Continental Shelf (OCS) acreage, under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program), the oil and gas sector in the country is expected to open up new opportunities to the market.
Further, as the oil and gas industry output of the United States increases, the International Energy Agency predicts that the United States will add about 3.7 million barrels per day (mb/d) between now and 2023, with more than 70% of the new supply coming from the Permian and the Eagle Ford.
According to the International Energy Agency (IEA), as of December 2017, there were only about 160,000 bpd of available space on the region’s pipeline network, which hardly accommodates about 4% of Texas’ output. As result, many pipeline projects were being taken up in the country in the past two years, to accommodate the impact of increasing oil and gas output.
Competitive Landscape
In the NDT equipment market, incumbents such as GE, YXLON International, and Olympus hold the largest market shares. They have a strong influence on the market in terms of their R&D and consolidation activities.
The exit barriers in the market studied, for both service providers and equipment manufacturers, are due to the high costs involved in operations. Firm concentration ratio has been estimated to grow steadily over the reporting period.
Olympus introduced major new products in medical, scientific solutions, and imaging businesses to fuel business growth. Also enhanced network of endoscope training centers, centered on emerging countries (Thailand for Southeast Asia, Dubai for the Near and Middle East) is expected to lay the groundwork for sustainable growth in the future.
Some of the recent developments include:
GE announced important updates to the popular, field-proven XL series of industrial video borescopes. The newest update to this popular model includes an improved light output for enhanced image quality, stereo measurement, 4GB of internal memory, video output, and multiple USB ports.
YXLON International GmbH (Comet Holdings AG) announced that it has completed installation of its latest technology systems in two inspection services facilities in North America, which are open for customer trials and outsourced inspection contracting.
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 Stringent Regulations Mandating Safety Standards
4.3.2 Increasing Investments in Aerospace and Defense
4.4 Market Restraints
4.4.1 Lack of Skilled Workforce and Training Regulations
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 Equipment
5.1.2 Services
5.2 By Testing Technology
5.2.1 Radiography
5.2.2 Ultrasonic
5.2.3 Magnetic Particle
5.2.4 Liquid Penetrant
5.2.5 Visual Inspection
5.2.6 Eddy Current
5.2.7 Other Testing Technologies
5.3 By End User
5.3.1 Oil and Gas
5.3.2 Aerospace and Defense
5.3.3 Automotive and Transportation
5.3.4 Power and Energy
5.3.5 Construction
5.3.6 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Mexico
5.4.4.4 Columbia
5.4.4.5 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Olympus Corporation
6.1.2 GE Measurement and Control
6.1.3 YXLON International GmbH (Comet Holdings AG)
6.1.4 Team, Inc.
6.1.5 Applus Services SA
6.1.6 Mistras Group, Inc.
6.1.7 SGS Group
6.1.8 Fujifilm Corporation
6.1.9 Bureau Veritas S.A.
6.1.10 Nikon Metrology NV
6.1.11 Intertek Group PLC.
6.1.12 Acuren Inspection, Inc.
6.1.13 TUV Rheinland AG
6.1.14 Magnaflux Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Equipment
Services
By Testing Technology
Radiography
Ultrasonic
Magnetic Particle
Liquid Penetrant
Visual Inspection
Eddy Current
Other Testing Technologies
By End User
Oil and Gas
Aerospace and Defense
Automotive and Transportation
Power and Energy
Construction
Other End Users
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Mexico
Columbia
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Non Destructive Testing (NDT) in Aerospace & Defense Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 17-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 17-06-2019
Market Overview
The Non-destructive Testing Market was valued at USD 2340 million in 2018 and is expected to register a CAGR of 10.3% during the forecast period (2019-2024), to reach USD 4250 million by 2024. The major drivers for growth in the NDT market include increasing investments in the aerospace & defense sector, increasing the complexity of machines and structures that need continual evaluation for maintaining structural integrity, and government safety regulations mandating the use of NDT techniques for gaining clearances.
The global aerospace and defense (A&D) industry is set to grow in 2018, with total revenues in the aerospace sector estimated to grow at more than 3%. The global A&D industry revenue in the past was largely impacted by decreased revenues in the United States (US) Aerospace & Defense sector.
Over the last few years, there has been an incremental rise in the demand for skilled NDT technicians across the world. However, the demand currently outweighs supply, due to a plethora of reasons.
There are several opportunities for growth, such as large-scale aerospace projects in the Asia-Pacific and European regions and the increasing need for advanced and automated NDT solutions, which are expected to contribute to the growth of the market studied in the future.
Scope of the Report
Nondestructive testing is a wide group of analysis techniques used in science and technology industry to evaluate the properties of a material, component or system without causing damage.
Key Market Trends
Radiography Testing Technology to Account for the Largest Share
Radiography is one of the versatile testing methods in nondestructive testing, which is used for the detection of surface and subsurface features in welded parts and castings. Radiography employs highly penetrating X-rays produced by X-ray tube, gamma rays by a radioactive isotope, and other forms of radiation for testing without causing any damage to the product.
It enables product reliability, providing the information to prevent accidents and saves lives in industries. It is also used for corrosion mapping, detection of blockages inside sealed equipment, testing of semiconductor devices for cracks, broken wires, unsoldered connections, detection of reinforcing the material in concrete slabs and measuring bulk density of materials.
The use of computed radiography in the aerospace & defense industry provides significant cost savings when compared to other testing methods as it eliminates the external costs. As economic justification is a major criterion for any testing method, the radiography testing range in size from microminiature electronic parts to massive missile components used in the aerospace & defense industry.
Europe to Account for Significant Share
The European aerospace and defense industry is mainly dominated by the United Kingdom, France, Germany, and Italy, while Russia is also a large player in the international market landscape.
In 2016, the UK aerospace production output is observed to be grown by 39% since 2011, with annual turnover reaching nearly USD 43 billion.
Exports generate nearly 90% of aerospace turnover. The sector achieved exports of nearly USD 37.41 billion in 2016 and looked for success in overseas markets to drive further growth, and there are few uncertainties are expected with the exit from the European Union.
The United Kingdom is investing money in new Joint Force 2025, comprising of a Land Force of 112,000 equipped with digital armored vehicles, an Air Group upgraded with more Typhoons and fifth generation F35s; and a Maritime Task Group made up of destroyers, frigates, and two mighty carriers – claimed to be the most powerful ships ever built in Britain.
France and its manufacturers are driving a significant number of hi-tech projects, including the forthcoming nEUROn European military drone, Airbus’s E-Fan ˗˗ the first all-electric aircraft designed for initial pilot training, and the LEAP engine made from composite materials manufactured by Safran Aircraft Engines and GE, which have already received large numbers of orders.
German companies were involved in the production of all of those aircraft. Around 300 aircraft were finished in Germany – this is equivalent to 17% of the total number of international aircraft production.
The activities of Russian civil aviation at the present stage are conditioned by factors such as unstable post-crisis stabilization of the country’s economy, continuing uncertainty in the development of international transport markets, both on regular and charter (primarily resort) routes.
Also, with the defense industry being highly uncertain of the coming years, the overall consumption of NDT in the country is expected to slow down over the coming years.
Competitive Landscape
The competitive rivalry between various firms within the market is dependent on the competition (price, product or market share), and the intensity with which they compete in the market.
In the NDT equipment market, incumbents such as GE, YXLON International, and Olympus hold the largest market shares. They have a strong influence on the market in terms of their R&D and consolidation activities.
The exit barriers in this market are due to the high costs involved in operations. Firm concentration ratio has been forecasted to grow steadily over the reporting period•However, these firms have greater access to funds and R&D operations.
As stated earlier, there has been a growing trend of forwarding the integration of operations by market players in a bid to capture more value within the market. Some of the key players in Non-Destructive Testing (NDT) in Aerospace & Defense Market are Olympus, Nikon, GE.
Some of the key developments in Non-Destructive Testing (NDT) in Aerospace & Defense Market are as follows:
Mistras Group acquired Semiray Inspection Services, which is an NDT service provider based out of Phoenix, Arizona. Semiray operates in the aerospace, military, electronics, and commercial manufacturing industries. The company is NADCAP-accredited and holds approvals from various aerospace manufacturers, like Boeing, General Electric, Honeywell, Lockheed Martin, etc. The acquisition strengthens MISTRAS’ presence in the southwestern United States.
The company boosted the production capacity for interchangeable lenses in response to a growing demand for mirrorless digital cameras equipment, especially in the Non-Destructive Testing Market. The company is expected to approve additional production facilities that will be set up at the Taiwan.
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 Investments in Aerospace & Defense
4.3.2 Increasing Complexity of Machine and Infrastructure
4.4 Market Restraints
4.4.1 Lack Of Technical Workforce
4.4.2 Relative Lack of Awareness
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porters Five Force 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 Service
5.1.2 Equipment
5.2 By Technology
5.2.1 Radiography Testing
5.2.2 Ultrasonic Testing
5.2.3 Magnetic Particle Testing and Electromagnetic Testing
5.2.4 Liquid Penetrant Testing
5.2.5 Visual Inspection
5.2.6 Eddy Current
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 and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Mistras Group
6.1.2 Fujifilm NDT Systems
6.1.3 GE Measurement and Control
6.1.4 NikonMetrology Inc.
6.1.5 Magnaflux Corporation
6.1.6 Olympus Corporation
6.1.7 SGS Group
6.1.8 Intertek Group PLC
6.1.9 Applus Services, S.A.
6.1.10 Yxlon International GmbH
6.1.11 Team, Inc.
6.1.12 Tüv Rheinland Ag
6.1.13 Gould-Bass Co.
6.1.14 FLIR Systems, Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Service
Equipment
By Technology
Radiography Testing
Ultrasonic Testing
Magnetic Particle Testing and Electromagnetic Testing
Liquid Penetrant Testing
Visual Inspection
Eddy Current
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Nano Radiation Sensors Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 17-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 17-06-2019
Market Overview
The global nano radiation sensors market was USD 224.73 million in 2018 and is expected to record a CAGR of over 6.72%, during the forecast period (2019-2024) and is likely to reach a market value of USD 334 million by 2024. The growth of nanotechnology-based sensors and detectors has been buoyed by the trend of miniaturization, which led to the well-established field of nanotechnology. Electronic, optical, and mechanical nanotechnologies have all profited from the smaller, smarter, and less costly sensors that resulted from work with ICs, fiber optics, other micro-optics, and MEMS (microelectromechanical systems).
The promise of miniaturization constituted the beginning of the field of nanotechnology. This trend has proliferated across the manufacturing of ever-smaller mechanical, optical, medical, and electronic products and devices.
Manufacturing of nanosensors is application specific, due to which there are multiple challenges associated with it.
Further, the availability of advanced instruments, such as automated reader instruments, electronic radiation measuring instruments, alarm badges, and thermoluminescent dosimeters (TLD), is increasing the range of applications for the detection and monitoring devices. Technological developments in the segment have resulted in the development of more accurate detectors and monitors, and have led to the introduction of portable, durable, and economical devices, augmenting the growth of the market studied.
The future of the market is buoyed by the increasing number of startups investing in this field as well as massive R&D investments, initiatives taken by the government by funding for new nanotechnology device discovery, growing demand for radiological medical applications, and increasing investments for homeland security. They offer good quantum efficiency and can determine the energy of incident radiation as well as the intensity. Such kind of scintillation counter can mainly operate in air or vacuum.
Scope of the Report
Carbon nanotube-based sensors are particularly suitable and promising for chemical and radiation detection because the technology can be used to fabricate gas or liquid chemical sensors that have extremely low power requirements and are versatile and ultra-miniature in size, with added cost benefits.
Key Market Trends
Consumer Electronics End User to Account for Largest Share
End-users across nations are increasingly demanding high-performance devices with reliable and highly portable computing platforms. Connectivity over wireless networks such as Wi-Fi, 3G, 4G, and Bluetooth to facilitate easy data exchange and transfer has been increasing rapidly.
This has led to wireless computing devices, such as tablets, smartphones, wearables, and sensors, flooding the market. Wireless computing devices require a high level of integration, which, in turn, is propelling the development of a number of new designs to support multiple applications on a single platform. In such a market scenario, the need for innovative, low-cost testing solutions can facilitate cost efficiencies and ensure quick market entry of the product.
Regional factors have impacted production facility investments. For instance, America’s tariffs on goods made in China influenced semiconductor companies (SK Hynix,, and Mitsubishi Electric), to move their production back to Asia, thus making Asia, a potential market for nanosensors.
United States to Account for Significant Share
The United States is the largest market for nano radiation sensors in the global market. The country has a high demand from almost all the end-user segments alike, which is one of the major driving factors for the increasing demand from the country. However, the major contributors to the demand include healthcare, automotive and industrial, aerospace and defense, and power generation sectors.
The healthcare sector in the country is one of the major sources of demand for nano radiation sensors. Immense research and clinical trial activity in the country always keeps the demand from this sector high. In fact, according to the Pharmaceutical Research and Manufacturers of America (PhRMA), pharmaceutical companies in the United States spent a record USD 71.4 billion on research and development activities in 2017 (over 26%, spent on Phase I, II, and III clinical trials, by each company involved in clinical trials).
Also, the United States comprises the most significant market for advanced defense equipment and services in the world. According to the General Aviation Manufacturers Association (GAMA), as of 2017, the country produced more than 1596 general aviation airplanes (do not involve military aircraft).
Further, the United States is the world’s largest producer of nuclear energy with 98 operating nuclear power reactors as of October 2018. It is estimated that the country accounts for approximately 30% of global nuclear power generation capacity. In fact, as of 2017, the nuclear power generation segment was responsible for 20% of the total electricity output.
Over the forecast period, such initiatives are expected to open new market opportunities to the nano radiation sensors in the power generation sector.
Competitive Landscape
The major factors governing this force are sustainable competitive advantage through innovation, levels of market penetration, levels of advertising expense power of competitive strategy, and firm concentration ratio. Currently, nano radiation sensors have limited market penetration, which presents a huge market opportunity for the existing players, as well as the outsiders who are willing to enter the market space.
However, the existing market players have the advantage of a considerable head start over the new entrants in the market. With great prospects, growing investments, and supportive government initiatives, the competition among the existing players is likely to become high.
Some of the major players in Nano Radiation Sensors Market are Robert Bosch, Honeywell, GE. Some of the key developments in Nano Radiation Sensors Market are as follows:
Analog Devices Inc. announced a new sensor interface IC, which enables the next generation of intelligent electrochemical sensors. The new ADuCM355 combines the high-performance, ultra-low power, small-form-factor, and the advanced feature set is needed to enable the next generation portable gas detectors.
Thermo Fisher Scientific and Symphogen, a clinical-stage antibody oncology-focused company, entered into a two-year collaborative partnership to deliver validated, platform workflows for simplified characterization and quality monitoring of complex therapeutic proteins.
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 Growing Trend of Miniaturization Across Various Industries
4.3.2 Advancements in Nanotechnology Supported by Government Regulations
4.4 Market Restraints
4.4.1 Complexity in Manufacturing and Potential Risks Involved in Adopting Radiation Nanosensors
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porters Five Force 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 Scintillation Detectors
5.1.2 Solid-state Detectors
5.2 By Application
5.2.1 Automotive
5.2.2 Consumer Electronics
5.2.3 Healthcare
5.2.4 Industrial
5.2.5 Oil and Gas
5.2.6 Power Generation
5.2.7 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 UK
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Spain
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Mexico
5.3.4.4 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 UAE
5.3.5.2 Saudi Arabia
5.3.5.3 South Africa
5.3.5.4 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Analog Devices Inc.
6.1.2 Robert Bosch GmbH
6.1.3 Nihon Kessho Kogaku Co. Ltd
6.1.4 Thermo Fisher Scientific Inc.
6.1.5 Baker Hughes (General Electric)
6.1.6 Rae Systems Inc. (Honeywell International Inc.)
6.1.7 First Sensor AG
6.1.8 Hamamatsu Photonics KK
6.1.9 Toshiba Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Scintillation Detectors
Solid-state Detectors
By Application
Automotive
Consumer Electronics
Healthcare
Industrial
Oil and Gas
Power Generation
Other Applications
Geography
North America
US
Canada
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East and Africa
Mixed Reality Market – Trends & Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 95 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 95 pages
- Published: 11-06-2019
Market Overview
The global mixed reality market was valued at USD 258.69 million in 2018 and is expected to register a CAGR of 47.9% over the forecast period (2019-2024). Mixed reality is gaining widespread recognition across business processes, and the momentum is expected to grow further. However, initial costs have been at higher price points, thus making it hard for consumers, but they are still relatively inexpensive for enterprises.
The increasing adoption of MR in the architecture segment is currently the trend in the industry, which significantly affects the market development. Additionally, the rising adoption of MR devices in the gaming and entertainment sector is expected to drive the MR market during the forecast period.
The mixed reality trend is being fueled by investments in hardware devices, platforms, and software ecosystems. These investments are primarily focusing on replacing keyboards and flat displays with entirely new paradigms for collaboration and communication.
Various app developers and hardware developers are investing in developing MR compatible products. For instance, Zspace Inc., in Dec 2018, released a laptop that is aimed at educators, students, and healthcare providers. The laptop combines augmented and virtual reality through a mix of specialized 3D screen technology and lightweight glasses, making the mixed reality content more accessible.
Scope of the Report
Mixed reality (MR) is a technology that consolidates virtual and augmented reality visualization to give real interactive condition to the clients while watching movies or playing games.
Key Market Trends
Mixed Reality Market in Engineering to hold Major Share
The mixed reality market in engineering is slowly but surely becoming a game-changing utility. The present applications range from 3D modeling and virtual molding to remote repair guidance and project monitoring apps. For instance, Microsoft HoloLens is being used in some enterprises enabled with Microsoft Dynamics to help in assisting the user.
Mixed reality is also a useful and powerful instrument in the scenario that demands the visualization of processes, including the assembly process. In the oil refinery application, users didn’t get a description of how to assemble a plant, because it was not required by the oil refinery company. It is common for companies to experience that the employees do not bother with instructions and studying manuals.
Companies, such as Dassault Systemes, is currently working to create MR views of their virtual manufacturing plants in real-world environments. The company is confident that a model can instantaneously be built in their software and exported directly to the headset. To transit these devices as a true engineering design tool, they are emerging as the next step necessary for the broader application
Geographic Trends
The market is witnessing an increase in adoption in various regions. For instance, MRC Education Services Canada Incorporated has announced a joint venture with River Valley Technology Company of Beijing in the People’s Republic of China to launch an innovative approach for learning and applying English language skills and knowledge. Based on mixed reality (MR) and video over IP, both student in China and tutor in Canada can now engage in English language conversation. Further, UK government, as a part of its’ industrial development strategy, announced an investment of EUR 33 million in April 2018 to cover immersive technologies like AR, VR, and MR. such investments are expected to increase opportunities for UK-based businesses to create new apps, tools, and virtual experiences. In 2018, Microsoft partnered with JTRS, and its parent firm Econocom, to rollout mixed reality-as-a-service offering, which will allow customers to get a HoloLens on a subscription basis across Europe. This service offering of Microsoft indicates the company’s effort to address the high price of its MR device, which is restraining the adoption across regions.
Competitive Landscape
The mixed reality market is a concentrated one, which includes players, such as Microsoft, Magic Leap, Dell, and HP. Of these companies, Microsoft has made significant efforts that contribute to the growth of the MR market, with the company launching the first MR headset. Moreover, in 2017, Microsoft announced a new headset from Samsung, which joins its network of MR device makers, HP, Acer, Lenovo, and Dell. In 2018, Microsoft acquired Flipgrid, a prominent video discussion platform, which is used by more than 20 million teachers and students globally. With this acquisition, the company extends its effort to appeal to students and teachers with its technologies.
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 Scope of the Study
1.2 Key Findings of the Study
1.3 Study Assumptions
1.4 Study Deliverables
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 High-end Consumer Electronics Market
4.2.2 Growing Adoption in Various Industries
4.2.3 Growing Awareness of the Technology, along with Content Availability
4.3 Industry Attractiveness of Porter’s Five Forces Analysis
5 COMPARATIVE ANALYSIS (VR vs MR vs AR)
6 MR HMD COMPONENT VENDORS
7 MARKET SEGMENTATION
7.1 End-user Verticals
7.1.1 Education
7.1.2 Engineering
7.1.3 Entertainment
7.1.4 Healthcare
7.1.5 Other End-user Verticals
7.2 Geography
7.2.1 North America
7.2.2 Europe
7.2.3 Asia-Pacific
7.2.4 Rest of the World
8 COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Microsoft Corporation
8.1.2 Hewlett Packard Enterprise Company
8.1.3 Dell Technologies Inc.
8.1.4 AsusTek Computer Inc.
8.1.5 Samsung Electronics Company Limited
8.1.6 Acer Inc.
8.1.7 Magic Leap, Inc.
8.1.8 Amber Garage (Holokit)
8.1.9 Occipital Inc.
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
End-user Verticals
Education
Engineering
Entertainment
Healthcare
Other End-user Verticals
Geography
North America
Europe
Asia-Pacific
Rest of the World