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Additive Manufacturing & Materials Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 130 pages | Published: 12-06-2019 |
- Electronics
- Mordor Intelligence
- 130 pages
- Published: 12-06-2019
Market Overview
The Global Additive Manufacturing & Materials Market was valued USD 12.79 billion in 2018 and is expected to register a CAGR of 25.7% over the forecast period (2019-2024). With rapid advancements in material compositions, such as, polymers and metals, additive manufacturing technology is evolving from being a prototyping tool to a functional part of fabrication.
The decreased prices of additive manufacturing-based machines, coupled with growing expertize and awareness, have increased the availability and demand for this technology.
The growing demand for lightweight, fast, and fuel-efficient vehicles in countries, such as, Germany, Japan, and China, have fueled the growth of the metal additive manufacturing sector.
The increased investments in the R&D of improved software and technology, coupled with the introduction of new combinations of printing materials, are expected to spur the development of new equipment and applications, thereby bolstering the growth of the additive manufacturing market.
Scope of the Report
Additive manufacturing, also known as 3D printing, is a technology which creates objects, as it offers a plethora of opportunities in production, design, and performance of novel architectural forms, construction systems, and materials.
Key Market Trends
Automotive to Hold a Significant Share
In the automotive industry, additive manufacturing is used to design components like, engines and their various components. It provides the precision and finishing needed for smaller parts for their functioning and spatial requirements.
Innovative and tool-less additive manufacturing techniques have provided a new approach to tackle the challenges faced by the automotive industries. The techniques allow for maximum design freedom, while creating complex, yet lightweight components for the industry.
Furthermore, autonomous and electric vehicles are expected to lead the automotive sector in the future. With this, 3D printed electric car will be ready for mass production as the technology has already made its way into the market.
Considering all the additive manufacturing applications, which are aimed at improving the precision and finishing of the products and the need for increasing efficiency, additive manufacturing is likely to dominate the entire market in the automotive industry during the forecast period.
North America to Hold Major Share
North America is expected to hold a major share as the adoption of 3D printing in the region has been strong, as industry and academic institutions are implementing 3D printing at a steady rate. The adoption of additive manufacturing by firms produces various economic benefits as it lowers production costs, improves production efficiency, and contributes to revenue generation of the North American organizations and businesses. However, the growing demand for additive manufacturing in emerging economies such as India, Japan and China is reflecting higher growth, due to which Asia-Pacific is expected to exhibit higher growth over the forecast period.
Competitive Landscape
The additive manufacturing and materiasl 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. For instance, in Feb 2018, 3D Systems launched the FabPro 1000, a new low cost, high productivity DLP-based 3D printer designed for dental and jewelry production as well as high functionality and throughput, industrial prototyping. Further, in May 2018, ExOne launched Innovent+ metal Additive Manufacturing machine. The new machine is based on the company’s previous Innovent range and offers increased powder handling capabilities and the company’s new Ultrasonic recoater, designed to enable greater material flexibility and ease of use.
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
2 RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porters Five Force 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 Value Chain Analysis
4.4 Industry Policies
4.5 Introduction to Market Drivers and Restraints
4.6 Market Drivers
4.6.1 New And Improved Technologies To Drive Product Customization
4.6.2 Demand For Lightweight Construction In Automotive And Aerospace Industries
4.7 Market Restraints
4.7.1 Concerns Over Intellectual Property Protection
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Stereo Lithography
5.1.2 Fused Deposition Modelling
5.1.3 Laser Sintering
5.1.4 Binder Jetting Printing
5.1.5 Other Technologies
5.2 By End User
5.2.1 Aerospace and Defense
5.2.2 Automotive
5.2.3 Healthcare
5.2.4 Industrial
5.2.5 Other End Users
5.3 By Material
5.3.1 Plastic
5.3.2 Metals
5.3.3 Ceramics
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 UK
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Italy
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 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Mexico
5.4.4.3 Argentina
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 South Africa
5.4.5.5 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3D Systems Corporation
6.1.2 Arcam AB
6.1.3 EnvisionTEC GmbH
6.1.4 EOS GmbH
6.1.5 Exone Company
6.1.6 Mcor Technologies Ltd
6.1.7 Materialise NV
6.1.8 Optomec Inc.
6.1.9 Stratasys Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Stereo Lithography
Fused Deposition Modelling
Laser Sintering
Binder Jetting Printing
Other Technologies
By End User
Aerospace and Defense
Automotive
Healthcare
Industrial
Other End Users
By Material
Plastic
Metals
Ceramics
Geography
North America
US
Canada
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East and Africa
3D Bioprinting Market – Growth, Trends and Forecasts (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 110 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 110 pages
- Published: 11-06-2019
Market Overview
The Global 3D Bioprinting Market was valued at USD 385.56 million in 2018 and is expected to register a CAGR of 25.36% during the forecast period (2019-2024). The global 3D bioprinting market is expected to grow, owing to its revolutionary breakthrough in healthcare and pharmaceutical industries. The increasing technological advancements, government intervention for improving healthcare, and increasing investments in R&D are also significant factors driving the studied market growth.
The primarily growing bioprinting applications include 3D bioprinted tissue and hair follicles, as they are very beneficial to cosmetics companies, especially in Europe, where animal testing for cosmetics was banned in 2013. For a cosmetic company, the advantage will be the ability to economically and ethically test products (i.e., not on animals) across varying skin types, for more accurate results.
Growing government support is also attracting many investors to invest in R&D programs, which is expected to develop space for the studied market. In 2018, Mapp Biopharmaceutical Inc. announced that it had been awarded a contract of USD14.8 million, with options for an additional USD 32.0 million, by the Biomedical Advanced Research and Development Authority (BARDA).
Further, a significant increase in the number of older adults is projected in the coming decades, which is expected to drive the need for 3D bioprinting reflecting the growth of the market.
Scope of the Report
3D bioprinting is an emerging field represented by various biologically applied deposition and assembling systems, which include direct writing, photolithography, microstamping, extrusion, laser writing, stereolithography, electro-printing, microfluidics, and inkjet deposition.
Key Market Trends
Drug Testing to Hold Major Share
3D bioprinters are of the highest importance for drug testing and clinical trials applications expected to drastically reduce the need for animal trials (therefore not only being ethically beneficial but also being cost-effective).
Traditionally, clinical trials for new drug development involved testing on animals with artificially induced affected tissues. With the advent of 3D bioprinting, drug developers will be able to address the complications associated with human clinical trials of new drugs, by identifying them in a short period (since these can be tested with human-like 3D printed tissues).
Thus, they are expected to reduce the losses incurred during late-stage failures. The regulatory agency of the United States Food and Drug Administration has already started to consider integrating alternatives for drug safety and efficacy assessment, providing scope for the market. Companies like Organovo (US based) were instrumental in the development of 3D bioprinter able to develop liver and kidney tissue for drug discovery applications.
Cosmetic companies are also potential buyers of the bioprinter technology. In 2013, the European Union prohibited the use of cosmetics developed by animal testing. Prohibition of retailing products tested abroad on animals was also levied. Such regulations have accelerated the use of alternatives like bioprinting.
Asia-Pacific Anticipated to Witness Fastest Growth
Asia-Pacific is the fastest growing market for 3D bioprinting, mainly due to a strong existing consumer base that will drive demand for 3D bioprinting, huge scope of 3D printing in medical services, increasing R&D for 3D printing, and government support and tax incentives. The growing number of cancer cases and the increasing the number of cancer treatments in the region are also expected to fuel the adoption of 3D bioprinting technology. According to the World Cancer Research Fund, the cancer rate is the highest in Australia and New Zealand in the world.
Competitive Landscape
The 3D bioprinting 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 a 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 Feb 2018, 3D Systems introduced NextDent 5100, a Figure 4-based 3D bioprinter designed for dental labs. NextDent 5100 facilitates high-speed 3D bioprinting for production of dental appliances and sacrificial castings. Further in Dec 2018, Aspect Biosystems has made a collaboration with the Institute for Technology-Inspired Regenerative Medicine (MERLN) at Maastricht University in the Netherlands. This collaboration includes the placement of an RX1 Bioprinting Platform in Professor Lorenzo Moroni’s Lab, where it will be used to develop kidney tissue by a head of bioprinting research, Dr. Carlos Mota. Under the terms of the collaborative research agreement, Aspect has an option to further develop and commercialize products based on the results of the research.
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
2.1 Analysis Methodology
2.2 Research Phases
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 Geriatric Population
4.3.2 Increasing Organ Transplant Requirements
4.3.3 Increasing Investments In R&D
4.4 Market Restraints
4.4.1 Operational Challenges
4.5 Industry Attractiveness Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Industry Value Chain Analysis
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Syringe/Extrusion Bioprinting
5.1.2 Inkjet Bioprinting
5.1.3 Magnetic Levitation Bioprinting
5.1.4 Laser-assisted Bioprinting
5.1.5 Other Technologies
5.2 By Component
5.2.1 3D Bioprinters
5.2.2 Biomaterials
5.2.3 Scaffolds
5.3 By Application
5.3.1 Drug Testing and Development
5.3.2 Regenerative Medicine
5.3.3 Food testing
5.3.4 Research
5.3.5 Other Applications
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 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 Rest of Asia-Pacific
5.4.4 Rest of World
5.4.4.1 Latin America
5.4.4.2 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3D Systems Corporation
6.1.2 Aspect Biosystems Ltd
6.1.3 GeSIM GmbH
6.1.4 Bio3D Technologies
6.1.5 Allevi Inc.
6.1.6 Cyfuse Biomedical KK
6.1.7 Envision TEC GmbH
6.1.8 Organovo Holdings Inc.
6.1.9 3Dynamic Systems Ltd
6.1.10 RegenHU SA
6.1.11 Stratasys Ltd
6.1.12 REGEMAT 3D
6.1.13 3D Bioprinting Solutions
6.1.14 Arcam AB (GE Company)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Syringe/Extrusion Bioprinting
Inkjet Bioprinting
Magnetic Levitation Bioprinting
Laser-assisted Bioprinting
Other Technologies
By Component
3D Bioprinters
Biomaterials
Scaffolds
By Application
Drug Testing and Development
Regenerative Medicine
Food testing
Research
Other Applications
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of World
Latin America
Middle East & Africa
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
Virtual Reality (VR) 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
VR technology has gained widespread recognition and adoption over the past few years. Recent technological advancements in this field have revealed new enterprises. Numerous players are emerging in this market with the hopes to navigate it toward mainstream adoption.
The launch of commercial virtual reality headsets is expected to accelerate the growth of the market. Technological advancements in VR are expected to generate a plethora of VR solutions with diverse capabilities, which allow consumers to experience the utmost immersion. Making the VR experience more real serves as a key driver for market adoption and penetration.
Virtual reality has often found its application compelling, with interactive video games or even movie and television series. Virtual reality serves as a platform to project things that are otherwise too dangerous, expensive, or impractical to do.
Investments by the technology vendors are creating an advancement in the field of display technology, which is likely to change the vision of the traditional methodology. With technology giants, like Google, investing considerable amounts in the tech startups for the development of VR devices, along with other prominent players investing in their R&D over this segment, the future of the market is expected to be more competitive.
Scope of the Report
Virtual reality blurs the line between digital and physical worlds, thereby, generating a sense of being present in the virtual environment for consumers. Several multinational corporations, such as Sony and HTC, are venturing into this market space.
Key Market Trends
Mobile Hardware expected to Hold Major Share
Mobile virtual reality (VR) is the most affordable experience for consumers who want to explore VR without spending a substantial amount of money. Additionally, the portability and massive install base of smartphone users, across the world, lead to its wide-scale adoption. VR headsets rely on the smartphone to display content and use numerous specially developed apps for the same.
For instance, Matterport VR Showcase is a virtual reality app compatible with Samsung Galaxy series (Android KitKat 4.4+), for which the Oculus Gear VR app needs to be installed on the device.
In 2016, approximately 87% of the virtual reality headsets sold worldwide were mobile phone-based, meaning a user’s smartphone mounted on the headset and operated as the screen. Popular mobile phone VR headsets include the Google Daydream View and Samsung Gear VR.
While VR for mobile is currently a less immersive experience than console and PC-based VR, its adoption is expected to increase over the forecast period, due to a host of technological advancements in the mobile VR space. Also, with the growth of smartphones, there is massive potential for the VR market, over the forecast period.
Asia-Pacific Region expected to Witness Significant Growth
Asia-Pacific is expected to hold the major share, owing to the presence of large and several emerging economies, along with the rising acceptance of virtual reality devices in the region. This is, in turn, expected to encourage industry players to invest in the region. China is expected to account for a prominent share in the region, owing to the rising adoption of VR technology in the country. VR took the center stage in China’s tech scenario in 2016. Many startups related to virtual reality are also growing in the country. For instance, Palapple is developing its own VR products. The company also created a project called VResidence, which offers a number of virtual reality real estate products, including an online platform for second-hand property.
Competitive Landscape
The global virtual reality market is witnessing a rise in competitiveness among the companies. The market consists of various major players, such as Oculus, Google, HTC, Samsung, Sony, and Lenovo. In terms of market share, these major players currently dominate the market. However, with increasing innovations in the technology, many of the companies are increasing their market presence by securing new contracts and by tapping new markets.
For instance, in June 2018, Oculus Go was launched in the United Kingdom, Europe, and Canada, less than two months after its US debut. The prices for the standalone VR headset started at EUR 199 (EUR 219/CDN 270). Further, in 2018, Sony Corporation patented a VR headset that combats simulation sickness with eye-tracking and more. According to the patents, the headset would use these features to establish a “health threshold value†that could presumably tell when a VR experience was becoming too intense for the user and then act accordingly.
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 Study Assumptions
1.3 Study Deliverables
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Increasing Adoption of Virtual Reality in Commercial Application
4.4.2 Increasing Demand for VR Setup for Training Across Various End-user Segments
4.5 Market Restraints
4.5.1 Health Risks from Using Virtual Reality Headsets in the Long Run
4.6 Industry Attractiveness of Porter’s Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Competitive Rivalry within the Industry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Hardware
5.1.1.1 Mobile
5.1.1.2 Console
5.1.1.3 PC
5.1.2 Software
5.2 By End-user Vertical
5.2.1 Consumer
5.2.1.1 Gaming
5.2.1.2 Media and Entertainment
5.2.2 Commercial
5.2.2.1 Retail
5.2.2.2 Healthcare
5.2.2.3 Military and Defense
5.2.2.4 Real Estate
5.2.2.5 Education
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 Oculus VR LLC
6.1.2 Sony Corporation
6.1.3 Samsung Electronics Co. Ltd.
6.1.4 Google LLC
6.1.5 Lenovo Group Ltd.
6.1.6 Pico Interactive Inc.
6.1.7 StarVR Corporation
6.1.8 FOVE Inc.
6.1.9 Unity Technologies Inc.
6.1.10 Unreal Engine (Epic Games Inc.)
6.1.11 Crytek GmbH
6.1.12 Autodesk Inc.
6.1.13 Eon Reality Inc.
6.1.14 3D Systems Corporation
6.1.15 Dassault Systemes SE
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Hardware
Mobile
Console
PC
Software
By End-user Vertical
Consumer
Gaming
Media and Entertainment
Commercial
Retail
Healthcare
Military and Defense
Real Estate
Education
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
pH Sensors 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 pH sensors market is expected to register a CAGR of over 11.04% during the forecast period (2019-2024). The upcoming trend in the pH sensors market, which is boosting market growth, is the demand for highly reliable and accurate pH sensors that last for long periods with minimal levels of maintenance.
According to Endress+Hauser, a leading provider of pH sensors in the global market, pH measurements account for over 30% of all quality-relevant measurements in processes. Moreover, an economic survey conducted by the Association of German Chambers of Commerce and Industry (DIHK) indicated that increasing global investments in the process analytics industry are primarily triggered by concrete business developments in the key sales markets.
According to DIHK, the market is expected to witness significant demand, owing to digitalization, as companies are focusing on developing advanced processes and new production methods.
The German Electrical and Electronic Manufacturers’ Association (ZVEI) established that this situation created a positive business environment for the measurement and process automation industry, while augmenting the demand for process analytics instruments, such as pH sensors and analyzers. Furthermore, ZVEI established that the industry witnessed a significant demand in 2017, after two years of weak growth.
Similarly, the market is witnessing immense demand from the water and wastewater treatment industry. Developed countries, such as Germany, the United States, and developing countries, like India, are investing in desalination and purification initiatives. For instance, in November 2018, the Indian government, along with Dholera Industrial City Development (DICDL), developed a water treatment plant in the Ahmedabad district of Gujarat. This facility is expected to have a treatment capacity of 50 mld by the end of 2019.
Moreover, recent reports published by the International Desalination Association (IDA) and Global Water Intelligence (GWI) indicate that the industrial desalination market grew by 21%, especially in contracted capacity, between 2016 to 2017. According to the IDA, increased activity in the oil and gas industry accounted for over one third of the contracted industrial capacity in 2017.
Scope of the Report
PH sensors and analyzers are an integral part of the process analytics industry. Most of the industries that engage in the manufacturing and processing of liquids, ranging from water to complex chemicals, use pH sensors for quality monitoring and automation of several industrial processes.
Key Market Trends
Process Analyzers Type expected to Occupy the Largest Market Share
Process analyzers comprise two types, in-line analyzers and on-line analyzers. The installation of in-line analyzers is a common approach for process monitoring applications that require continuous monitoring, such as water treatment plants, chemical industry, and several biochemical processes, which require immersion installation of the pH measuring instruments.
Companies, like Sensorex and Mettler Toldedo’s, are also offering sensor packages for these types of heavy-duty industrial applications, which deal with contaminated monitoring process applications. For instance, Mettler Toledo also has developed sensors with titanium shaft to suit plants’ tough environments for equipment (such as the chemical and petrochemical industries). The titanium pH sensors, InPro 4281i, and 4881i, are 12 mm pH sensors that can also survive the common everyday knocks in industrial sites and also feature the company’s Intelligent Sensor Management (ISM); thereby, lowering maintenance costs even more.
In the oil and gas industry, there has been a significant increase in investments. As there is a significant increase in crude oil prices, the need for pH sensors is expected to rise rapidly. According to recent statistics from Baker Hughes, after a steep fall in 2016 (owing to low crude oil prices), there has been considerable growth in up-stream activity.
In 2018, the average number of rigs increased by over 9%, globally. With increasing number of oil and gas projects all over the world, especially in the United States and Canada, the demand for pH sensors from oil field service providers is expected to increase rapidly.
Water and Wastewater Application to Occupy the Largest Market Share
The water and wastewater treatment industry is the largest end user for pH sensors and analyzers in the global market. Standard applications, such as chromium wastewater treatment and aquaculture, which heavily depend on accurate pH and ORP measurements to ensure required safety standards are providing continuous demand to the market.
Increasing number of water treatment plants, globally, and concerns regarding water scarcity are fueling the demand for pH sensors from the desalination sector. The pH of water gives important data for controlling the treatment system, for desalination systems. As of 2018, it is estimated that over 7,000 desalination plants are managed by the industrial sector alone, in the global scenario.
Also, when compared to several other end users, the new installations of pH sensors and analyzers are highest in this sector, owing to stringent government regulations on water contamination. There are many new styles, architectures, and housings for pH sensors that are entering the market, owing to the immense demand from the sector.
Similar to the chemical manufacturing industry, the life span of general glass electrodes used in pH analyzer systems is comparatively lower than that of ISFET and rugged variants. Hence, there is a high rate of replacement of several sensor components, which, in turn, is boosting the after sales market.
Competitive Landscape
The pH sensors market is highly competitive and consists of several major players. In terms of market share, a few of the major players currently dominate the market. These major players, with a prominent share in the market, are focusing on expanding their customer bases across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring startups working on pH sensors, in order to strengthen their product capabilities. For instance, in October 2017, Halma PLC acquired Mini-Cam Enterprises Ltd, a prominent manufacturer and distributor of remotely operated camera systems and devices, which are primarily used for inspecting pipelines situated in remote locations. This acquisition enhanced the offerings of its Water Analysis and Treatment segment.
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 Government Regulations
4.3.2 Rising Safety Concerns in Industrial Setups
4.4 Market Restraints
4.4.1 Cost and Absence of Standardization of pH Sensor Devices
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 Benchtop Analyzers
5.1.2 Portable Analyzers
5.1.3 Process Analyzers
5.2 By Application
5.2.1 Water and Wastewater
5.2.2 Medical
5.2.3 Oil and Gas
5.2.4 Food and Beverages
5.2.5 Industrial
5.2.6 Other Applications
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Endress+Hauser AG
6.1.2 Hach Company Inc.
6.1.3 ABB Ltd.
6.1.4 Schneider Electric SE (Foxboro)
6.1.5 Emerson Electric Co.
6.1.6 Honeywell International Inc.
6.1.7 KOBOLD Messring GmbH
6.1.8 Georg Fischer Piping Systems Ltd.
6.1.9 Yokogawa Electric Corporation
6.1.10 Xylem Inc.
6.1.11 Thermo Fisher Scientific Inc.
6.1.12 Halma Plc.
6.1.13 Mettler-Toledo International Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Benchtop Analyzers
Portable Analyzers
Process Analyzers
By Application
Water and Wastewater
Medical
Oil and Gas
Food and Beverages
Industrial
Other Applications
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa
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