Market Research Blog – Page 10077 – New Product Development

Cryogenic Systems Market – Global Revenue Growth Expectations in the Near Future

The global Cryogenic Systems market is valued at US$ 12.9 Bn in 2021 and is expected to reach US$ 25.5 Bn by 2032, expanding at a CAGR of 6.5% between 2022 and 2032. According to Future Market Insights, market research and competitive intelligence provider, global Cryogenic Systems Market Forecast consumption has increased at a CAGR of roughly 5.1% between 2017 and 2021.

The growing demand for cryogenic gases for medical applications will drive market expansion in the coming years. Oxygen gas, for example, is in high demand in the medical business owing to the diagnosis of respiratory illnesses. Growing medical infrastructure and extensive application across a variety of sectors are projected to drive market growth in the next years.

The increased demand for Cryogenic Systems across a wide range of industries, including electronics, healthcare, and power generation, has resulted in a rapid growth rate in the Cryogenic Systems market. Furthermore, due to rising LNG production and strong demand for gases in the healthcare sector, the use of cryogenic systems is expected to increase in the coming years.

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Key Takeaways from Market Study

Cryogenic Systems market is estimated to reach a valuation of US$ 13.6 Bn in 2022
The market is projected to grow at a CAGR of 6.5% during 2022 – 2032
LNG being the highest revenue-generating cryogen, is expected to register a market growth of 7.8%
Cryogenic Systems revenue through Energy and Power is projected to expand at a CAGR of 5.7% during the period of projection
The U.S. is expected to account for nearly 30% of the global Cryogenic Systems demand by 2032

Industries such as aircraft, transportation, and railroads have a high demand for Cryogenic Systems, and this trend is expected to continue in the coming years. Improvements in Cryogenic Systems insulation methods are actively contributing to market growth.

Several governments throughout the world have planned to phase out coal-based electricity by 2020 in order to reduce greenhouse gas emissions. For the reasons stated above, several nations have begun to reduce their reliance on coal and increase their use on natural gas for energy and power generation. Liquefied natural gas (LNG), which contains various segments of Cryogenic Systems such as tanks, is more pleasant to transport and is expected to boost the market throughout the projection period.

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Market Segments Covered in Cryogenic Systems Market Analysis

By Cryogen:

Nitrogen
Oxygen
Argon
LNG
Other Cryogen

By End Use:

Energy & Power
Chemicals
Metallurgy
Electronics
Shipping
Other End-Use

By Region:

North America
Latin America
Europe
APAC
MEA

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Stacker Crane Market Estimations: US$2.02 billion by 2032

The size of the global stacker crane market demand was valued at US$ 976 million in 2021 and is anticipated to reach US$ 1 billion in 2022.

In addition, because of the rapid growth of end-use industries and the rising popularity of automated stacker cranes, it is anticipated that global sales of stacker cranes will increase at a strong CAGR of 7.0% during the forecast period, reaching approximately US$ 2.02 Bn by 2032.

The supply chain has undergone a great deal of change in recent decades. Initially, manual labor—which was frequently time-consuming—was used to complete the majority of the work at warehouses and storage facilities.

However, as technology advanced and automation became more prevalent, machines started to take the place of workers.

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These benefits are expected to propel the stacker crane market size further in the coming years. Furthermore, technological improvements and innovations in stackers provide profitable growth prospects for market participants. However, the rising trend of forklift use is expected to stifle market growth.

The expense of installing a stacker crane design is expensive at first. Setting up this system needs precision, which necessitates the use of expert staff. In addition, maintaining and updating numerous subsystems is often prohibitively expensive for businesses.

Small and medium-sized businesses find it challenging to make such large investments. Stacker crane systems, storage units, and racks are all included in the initial price of an automated storage and retrieval system.

ASRS reduces the need for human interaction in basic tasks such as exact storage of an item at a preset place, retrieval of an item, and transporting commodities to certain processing or interface locations using a stacker crane system.

As a result, ASRS deployment lowers labor costs and increases space utilization. The use of ASRS systems and the adoption of stacker cranes are projected to be driven by rising warehouse rents and decreasing warehouse availability.

Stackers provide better accessibility in closed and compact places, maybe readily moved from one position to another, are less expensive to operate, and are simple to maintain.

Furthermore, in recent years, the requirement for safe and effective material handling equipment in numerous cross-industry verticals has increased the sales of stacker cranes.

Installing a stacker crane warehouse and system has a hefty upfront cost. This technology demands precise setup, which necessitates the use of experienced staff.

In addition, the expense of maintaining and updating numerous subsystems is frequently significant for businesses.

For small and medium-sized businesses, making such large investments is tough. As per the stacker crane market trends, storage units and racks are among the high-cost initial components of an automated storage and retrieval system.

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Key Takeaways:

Owing of rising usage in China and India, the Asia Pacific is expected to occupy the greatest share of the stacker crane market opportunities by 2027.
The single-column segment will have the biggest stacker crane market share during the projected period. Due to its application in the fast-moving goods industry, the single-column category is likely to have a large market share over the forecast period.
New product developments and expansions will provide profitable prospects for market players in the next five years.
Emerging Trends in the stacker crane market predict rising demand for automated storage and retrieval solutions.
The fastest-growing segment is projected to be automatic stacker cranes. The automatic stacker crane is a low-energy mechanism that stores and retrieves items in a single cycle.

Competitive Landscape

Swisslog AG (Switzerland), Daifuku Co. Ltd (Japan), Murata Machinery Ltd (Japan), and Kion Group AG dominate the stacker crane market (Germany).

Stacker crane market demand analysis indicates that these organizations provide turnkey crane automation services and extensive global distribution networks.

These organizations have implemented broad expansion tactics, including collaborations, partnerships, and mergers and acquisitions, to gain traction in the developing market for stacker cranes.

AFT Industries, a supplier of material handling equipment to car manufacturers, signed a strategic collaboration deal with Daifuku Industries in February 2021.

Doosan Logistics Solutions announced a strategic agreement with Chinese robotics firm Greek+ in November 2020 to sell and maintain autonomous logistics robots in South Korea.

Greek+ has a 16 percent share of the autonomous mobile robot market. The acquisition is intended to boost its product range and help it retain its position in the logistics and automation sector using stacker crane market adoption trends.

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3D TSV Packages Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2032

The global market for 3D TSV packages experiences an estimated CAGR of 16.4% over the course of the forecast period, with revenues estimated at US$ 6,473 Mn in 2022 and predicted to reach US$ 29,538.6 Mn by 2032.

Growing demand for high density and multifunctional microelectronics with improved performance, and the reduction of timing delays is currently driving the market for 3D TSV packages. . However, the challenges encountered during assembly and packaging, handling ultrathin semiconductor components in front-end and back-end process owing to its fragility are some of the factors restraining the market growth.

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Market Overview

Several 3D packages, such as System in Package and Chip Stack MCM, are available in the market providing smaller form factor and greater connectivity. The stacked chips are wired together along their edges in these packages. This wiring increases the length and width of the package, thus requiring an extra “interposer” layer between the chips.

The new 3D TSV package creates vertical connections through the body of the chips, replacing edge wiring and in turn reducing the extra added length and width.

3D TSV technology allows stacking of LSIs which facilitates manufacturing of smaller products such as wearable devices. , Semiconductor fabricators globally are adopting 3D TSV technology in order to cater to the increasing requirements of functional integration.

Market Dynamics

Growing demand for innovative chip architectures with improved features such as low power consumption, high aspect ratio, and smaller form factor is driving the market of 3D TSV packages. Additionally, factors such as proliferation in the cloud based applications, robust outlook for the Information & Communication Technologies segment, and persistent developments in the DRAM and smart lighting sectors are further cementing the adoption of 3D TSV packages for fabrication process.

The market is expected to witness potential revenue opportunity mainly due to growth in its application areas such as MEMS, CMOS image sensors, optoelectronics and high end LED solutions. Additionally, 3D TSV packages are expected to gain more traction in its adoption in the DRAM memory domain with the advent of innovative technologies such as HMC (Hybrid Memory Cube) and HBM (High Bandwidth Memory).

Several challenges are encountered while handling this wafer for packaging process as the TSV wafer is thinned down to the thickness of 40-50um. TSV wafers are thinned in order to meet the diverse needs, including temporary adhesion strength, and chemical and thermal stability in the fabrication process.

These challenges are constraining the growth of the market and are expected to continue hampering the market growth during the forecast period. Furthermore, 3D TSV assembly process is more complex, compared to traditional flip-chip process which is also one of the primary constraint for this market.

With the up surging demand for improved and advanced electronic products having smaller form factor, superior functionality, reduced power consumption with a lower overall cost the market is expected to witness adoption of advanced packaging technologies such as 3D TSV during the forecast period.

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Key Market Players

The leading players of this industry include Amkor Technology Inc., Jiangsu Changjiang Electronics Technology Co. (STATS chipPAC), Toshiba Electronics Co.Ltd., Samsung Electronics Co.Ltd., Taiwan Semiconductor Manufacturing Company Limited (TSMC), United Microelectronics Corporation, Xilinx Inc., Teledyne DALSA Inc., and Tezzaron Semiconductor Corporation.

Value Chain
3D TSV Packages Market Drivers and Restraints

Key Segments Profiled In The 3D TSV Packages Market Survey

By Process Realization:

via First
via Middle
via Last Segments

By Application:

Logic & Memory Devices
MEMS & Sensors
Power & Analog Components

By End Users:

Consumer Electronics
Information & Communication Technologies
Automotive
Military & Defense
Aerospace
Medical

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Large Synchronous Motor Market is Expected to Generate Huge Profits by 2031

A large synchronous motor market Review (power greater than 25 MW) has a rotor that typically rotates at the same rate as the machine’s rotating field. The market for large synchronous motors has experienced rapid growth in recent years. The increased use of large synchronous motors in water treatment projects and various industries around the world is expected to fuel this growth over the upcoming years.

These motors are used in many different applications, such as compressors and blowers. Given this, the demand for water treatment facilities and other activities will expand the potential application area and spur growth in the ensuing years.

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The COVID-19 outbreak and subsequent measures to contain the virus’s spread dampened demand for big synchronous motors in 2020. Nonetheless, when the industrial sector begins to revive, sales will increase up. According to the report, demand for large synchronous motors with capacities of 25 to 40 MW is expanding.

Heavy-duty applications, on the other hand, found demand for the 40 to 80 MW capacity. Throughout the forecast period, the 25 to 40 MW category will continue to account for the majority of sales, according to the analysis.

Increasing in investment in various public infrastructure projects will create lucrative opportunities for growth. For instance, the expansion of water treatment plants, especially desalination plants, will fuel the demand for large synchronous motors.

The overall market for large synchronous motors growing at a relatively slow pace post the pandemic, nonetheless, its trajectory will continue rising steadily through the course of the report’s forecast period. The three key markets for large synchronous motors are China, India, and Europe. Markets in ASEAN countries are expected to grow moderately.

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Key Takeaways

Large synchronous motor market will exhibit 2.6% y-o-y growth in 2021, backed by increasing application across diverse sectors
The U.S. will emerge as a lucrative market, thanks to expansion of mining activities. It will account for nearly 75% of sales in North America market in 2021
Within the U.K. increasing focus on water treatment will continue driving growth
Expansion of infrastructural facilities will create growth opportunities in France and Germany
China will emerge as a highly lucrative market, thanks tocontinued investments in power generation and industrial infrastructure.

“Surge in demand for 25 to 40 MW synchronous motor in recent years is expected to provide an impetus to large synchronous motor sales. High efficiency, low fuel requirement, and high performance of large synchronous motors will continue creating growth opportunities,” says FMI analyst.

Subdued Growth Likely following COVID-19 Outbreak

The COVID-19 pandemic is currently impacting the global economy at various levels and the impact is seen on large synchronous motor market as well. The Large Synchronous Motor growth is currently subdued by the COVID-19 pandemic crisis and is expected to witness a significant drop in demand till 2021.

With a number of end use industries affected in several countries, the growth of the market is challenged as well. The decelerating demand is expected to result in a significant drop in Y-O-Y growth yet FMI expects large synchronous motor to grow at a moderate CAGR through 2031.

Competitive Landscape

The market is fairly consolidated, with key 7-8 players accounting for overall market share.Some of the key players in the market are

ABB,
General Electric,
WEG,
Siemens AG,
VEM Group, among others.

These players are likely to invest in new technologies, especially customized variants, to maintain their market share.

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Elevator and Escalator Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2032

The global elevator and escalator market is valued at around US$ 59.03 Bn in 2022, registering Y-o-Y growth of 6.6%. The market is projected to increase at a CAGR of 4.5% and attain a valuation of US$ 100.12 Bn by the end of 2030.

Companies in the elevator and escalator market are focusing on cutting-edge technologies to make their products safer and more environmentally friendly, according to a recent study by Future Market Insights (FMI). The elevator and escalator market will grow at a CAGR of 6.6 percent between 2020 and 2030, according to FMI.

Some of the world’s most well-known companies are incorporating Internet of Things technologies into networked elevators and escalators. They can now control parameters such as load capacity and frequency of use. Such technological advancements should benefit the entire market. As a result of the recent COVID-19 outbreak, market growth has slowed. However, several factors are expected to drive the elevator and escalator market during the forecast period.

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Some of the key takeaways from the report are highlighted below-

Product-wise, elevator is expected to lead the market followed by escalator during the forecast period
Load type-wise, passenger segment will exhibit hegemony in the coming years
New system installation type is set to gain traction in the global market
Commercial end use segment is projected to exhibit highest growth followed by the residential segment throughout the forecast period
New-age IoT technology will cater to the steady market growth in the near future
East Asia elevator and escalator market will maintain the lead while emerging as the highest growing market among all other regions

“As the building and construction industry is expanding rapidly, the demand for elevators and escalators is rising higher. To capitalize on prevailing opportunities, market players are launching novel cutting-edge technologies that offer more sophisticated functionalities in elevator and escalator. This is anticipated to create lucrative growth opportunities for the market in the coming years,” says an FMI analyst.

COVID-19 Impact Analysis

The elevator and escalator market growth has been declining due to the novel coronavirus outbreak. As consumers have shifted their focus more on emergency services such as medical, diagnostic, pharmaceutical and others instead of building and construction sectors, the market growth rate has fallen temporarily.

Added to this, the factors such as non-operational manufacturing units, unavailability of labours, scarcity of raw materials, disruptive supply chain and logistics sector, financial crisis, job recession, and others have slowed down the progress of market.

According to FMI, the elevator and escalator market is set to recover by the first quarter of the year 2021.

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Who is Winning

As the elevator and escalator market potential is rising steadily, the key market players are focusing on launching advanced designs to gain competitive edge. For instance, DOPPLER S.A. has launched their DOPPLER Lift Hygiene Solutions equipped with air sterilizer using UV photo catalyst sterilization and UV antibacterial light disinfection system in 2020.

Kone Corporation has launched Kone Health & Wellbeing Solutions for Elevators and Escalators which include escalator handrail sanitizer, elevator remote call using whatsapp, elevator air purifier, and others in June 2020.

Some of the leading companies operating in the market are DOPPLER S.A, Kone Corporation, Orona Group, EMAK Elevator, Sanyo Elevator (Zhuhai) Co., Ltd, and others.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Global Elevator and Escalator Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

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Americas Steel Pipes Market review Research, Segmentation, Key Players Analysis and Forecast to 2030

The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche end use sectors such as mining and automotive production. The Americas steel pipes market Review is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures.

Despite the challenges posed by the coronavirus pandemic, demand for steel pipes in the Americas has continued to rise through 2020. Rising public and private sector investments in the energy, oil and gas, and construction sectors are helping to propel the industry forward. According to a new report by Future Market Insights, the sector is expected to grow steadily between 2020 and 2030.

Analysts from FMI have indicated the oil & gas sector applications are projected to be the primary revenue source, especially with the discovery of unconventional sources and processes such as shale and fracking.

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The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
Industrial applications, particularly in the oil & gas sectors are generating greater demand than that of construction and mining sectors through 2030.
The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.

Covid-19 Impact on Americas Steel Pipes Market

The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.

The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

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Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

Key Segments

Material type:

Carbon Steel
Alloy Steel
Stainless Steel

End Use:

Construction
- Residential & Commercial
- Civic Infrastructure
Mining
Municipal Water Supply and Treatment Utilities
Industrial
- Automotive
- Chemicals & Petrochemicals
- Oil & Gas Pipelines
- Power Generation
- Others (textile, pharmaceuticals)

Design:

Seamless
Welded
- SAW
- ERW

Country:

Brazil
Argentina
Mexico
Canada
U.S.

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Analog to Digital Converter Market Exhibits Higher Growth Prospects During 2022-2032

In 2022, the market for analogue to digital converters will likely be worth US$3,375.3 Million. By the end of 2032, it is anticipated that total sales of analogue to digital converters would have reached about US$ 5,762.2 Million, growing at a strong CAGR of 5.5% between 2022 and 2032.

The global analog to digital converter market is poised to scale greater heights in this decade. As the name suggests, analog to digital converters (ADCs) help transform analog inputs such as light picked up by a camera or a soundwave by a microphone into a digital signal.

Over the years, ADCs have been gaining significant ground, being utilized across several industries, including instrumentation, sensory-based systems, measurement and control systems and communication systems.

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As industries strive towards streamlining their operations through digitization and achieve efficiency, usage of ADCs is phenomenally rising. This has provided all industries with a massive productive edge.

As the world becomes increasingly interconnected, the volume of global trade of several goods and services is rising exponentially. Against this backdrop, industries have been compelled to augment their productive capabilities, thus increasing adoption of ADCs. Based on these trends, the global analog to digital converter market is slated to enjoy a steep upward curve.

Pipelined ADCs to account for Significant Share in the Global ADC Market

Amongst all type, the pipelined ADCs are anticipated to constitute a substantial amount of the revenue pie until 2030. Growth is primarily being driven by extensive applications across 4G and 5G devices for providing superior data and services quality. The segment accounted for one-third market share in 2019.

As the industrial internet of things (IIoT) gradually takes over the entire manufacturing process, demand for fast data processing, accurate decision intelligence and large communication channels bandwidth have acquired critical precedence. Functional ADCs help achieve all these things by providing optimum speed, size, power, and resolution across machines, thus accelerating processes.

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Telecommunications to Remain Principal Application Area, Usage to Accelerate in Automotive Sector

ADCs are experiencing immense fertile growth across the telecommunications sector. As the world hurtles towards rapid inter-connectedness, people demand faster and more efficient means of connectivity.

The advent of artificial intelligence has spurred deployment of 4G/5G data transmission systems, which extensively utilize data converters. The need for ensuring swift and prompt connectivity is driving market growth in the telecommunications sector.

The automotive industry is up-scaling the adoption of ADCs to ensure the functionality, reliability and safety of a variety of functions. A major application has been recorded in the automotive driver assistance systems (ADAS) and in wireless trans-receivers for communicating with other vehicles.

Additionally, ADCs are also used in child seat detection, remote keyless entry, immobilizers, passive keyless entry and tire pressure monitoring systems.

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Analog To Digital Converter Market – Competitive Landscape

The global analog to digital converter market is highly competitive, characterized by the presence of a plethora of vendors. These include, but are not limited to,

Texas Instruments Incorporated
ST Microelectronics
Renesas Electronics Corporation
Rohm Co, Ltd.
Cirrus Logic Inc.
Microchip Technology Inc.
Analog Devices Inc.
Diligent Inc.,
National Instruments
Sony Corporation
Adafruit Industries

COVID-19’s Impact on the Analog to Digital Converter Market

The advent of the COVID-19 pandemic has ushered in a major degree of ambiguity in the global economy. Being extremely contagious, the pandemic has forced nations worldwide to impose tough lockdowns to enforce social distancing.

As a result, manufacturing industries have either reduced their operations or completely shut down production units, leading to restricted output and consequently lower revenue and profits.

The analog to digital converter market is anticipated to register a southward trend across the construction and automotive industrial verticals. Efforts to curb the pandemic have compelled countries to implement emergency protocols, including suspension of all construction and production activities.

As the number of on-site projects dwindle, uptake of analog to digital converters in the various stages of the production process has fallen. Moreover, declining revenue shares are rendering companies unable to invest money in enhancing processes.

Key Segments Covered in the Analog to Digital Converter Industry Report

Analog to Digital Converter Market by Product Type:

Delta-Sigma ADC
Integrating ADC
Ramp ADC
Pipelined ADC
Successive Approximation ADC
Flash ADC

Analog to Digital Converter Market by Application:

Analog to Digital Converters for Industrial Applications
Analog to Digital Converters for Consumer Electronics
Analog to Digital Converters for Telecommunications
Analog to Digital Converters for Healthcare
Analog to Digital Converters for Automotive
Analog to Digital Converters for Other Applications

Analog to Digital Converter Market by Region:

North America Analog to Digital Converter Market
Latin America Analog to Digital Converter Market
Europe Analog to Digital Converter Market
Asia Pacific Analog to Digital Converter Market
Middle East and Africa Analog to Digital Converter Market

Agricultural Equipment Market Estimations: USD 108.86 billion by 2032

Agriculture equipment sales are projected to reach about 6.7 Mn units by 2031 due to the growing use of modern farm machinery. The top 5 market players collectively held a 44 percent market share in 2021, as the Agricultural Equipment Market experienced year-over-year (YOY) growth of 3.7 percent between 2020 and 2021. Between 2021 and 2031, the market for agricultural equipment will grow at a consistent CAGR of 4.8 percent. By the end of 2021, the market value is anticipated to reach US$ 65 Bn.

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Growing popularity of precision farming is augmenting the demand for modern agricultural equipment. With the integration of artificial intelligence (AI) and internet of things (IoT), the sales of agriculture equipment are soaring. Smart farming is gaining traction.

Introduction of electric agricultural equipment has completely changed the market scenario. These equipment does not only minimize the emissions but also reduce costs and improve efficiency.

New trends of agricultural robotics and driverless machines are attracting large number of farmers to upgrade their equipment systems.

As per FMI, the agricultural equipment market will surpass a valuation of US 65 Bn by 2021 end.

“Technological advancements in agricultural equipment and the availability of farm equipment rentals will offer lucrative growth opportunities for the manufacturers in the future” says the FMI analyst.

Key Takeaways from FMI’s Agricultural Equipment Market Study

Europe dominates the ground support equipment market as a result of increasing agricultural mechanization and presence of leading manufacturers. The market in the region is set to register steady growth at 4.4% CAGR between 2021 and 2031.
The U.S. is expected to register a strong CAGR during the forecast period as a result of rapid technological advancements and availability of equipment leasing.
With implementation of favorable governmental policies, China is anticipated to emerge as the leading market for agricultural equipment.
Top 5 players operating in agricultural equipment market collectively account for 44% market share.
By product type, tractors dominate the agricultural equipment market with their multipurpose nature.

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Competitive Landscape

Key players operating in agricultural equipment market are investing heavily on research and development activities. They are adopting various organic and inorganic growth trategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market. For instance,

In August 2021, Precision Planting, LLC a subsidiary of AGCO Corporation announced an agreement to acquire the business and assets of Headsight, Inc., a leading precision agriculture harvesting solution company. The acquisition will help the company to offer farmers a range of industry-leading precision ag technologies across the crop cycle that will help them to maximize their value and output while minimizing inputs and impact.

In 2021, XAG Co., Ltd. Launched XAG R150, a jet sprayer system to pollinate fruit trees. A specially mixed solution of pollen is poured into the R150’s liquid tank before it is sent on a predetermined route around an orchard to spray pollen.

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Telecom Internet Of Things (IoT) Market Glorious Opportunities, Business Growth, Size, And Statistics Forecasts Up To 2032

Due to an increase in demand for better connectivity solutions to link smart devices, the market is anticipated to reach a value of close to US$ 3,31,542.6 Million by 2032 with a predicted CAGR of 21.9% from 2022 to 2032. With better connectivity choices for many smart devices, the telecom Internet of Things market is thought to be expanding at the fastest rate. The value of the global Internet of Things (IoT) in telecom was predicted to be US$ 45,733.3 million in 2022.

Technology plays an important role in the development of Telecom Internet of Things market and especially with the innovation of Internet of Things, Telecom Internet of Things market is witnessing the rapid growth. With the growing adoption of intelligent transportation system and rapid increase in number of smartphones and tablets, Telecom Internet of Things market is experiencing the rapid growth.

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Internet of Things comes with the concept that everything around should be electronically integrated and interconnected. Telecom operators are now using digital platforms that combine connectivity, analysis, mobile, security and cloud to support business and all these empowers great revenue opportunity for them.

Major applications such as logistics tracking, traffic management, smart healthcare and others are contributing to the growth of Telecom Internet of Things market.

Telecom Internet of Things (IoT) market: Drivers and Challenges

Drivers

The major factor driving Telecom Internet of Things market is the growing need for enhanced connectivity solutions to connect smart devices.

Moreover, the increased demand of mobile computing devices and network capacity to access connected services are the drivers which are contributing to the growth of global telecom Internet of Things market.

Apart from this, the rising demand of telecommunication cloud for smart network bandwidth management and automation in communication operations are driving the Telecom Internet of Things market.

Moreover the enhancement of smart technology and distributed application will increase the demand for Telecom Internet of Things market.

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Challenges

The major challenge for the IoT telecom market is that the network operator should be able to offer fast, reliable and uninterrupted connectivity.

Also, with the increase of connected devices and management of personal data, the privacy and security of customer information is the significant issue for the companies in Telecom Internet of Things market.

Telecom Internet of Things (IoT) market: Recent Developments and Competition dashboard

In June 2017 AT&T and China Telecom signed an agreement to expand partnership to develop network services around the world. Telcos such as AT&T, Vodafone, Verizon and others have done various development in Telecom market.

For instance in October 2016, Vodafone launches first live commercial NB-IoT network.

The key market players in Telecom Internet of Things markets include AT&T, Inc., Ericsson, Verizon Communications, Inc., Sprint Corporation, Vodafone Group, Plc., China Mobile Ltd, Swisscom AG, Aeris, Deutsche Telekom AG and others.

Telecom Internet of Things (IoT) market: Regional Overview

On geographic basis, North America will be the largest market due to stringent IoT regulations and the presence of large number of telecom Internet of Things service providers in this region.

The market in APAC is expected to witness exponential growth in Telecom Internet of Things market and it is the fastest growing region for the telecom Internet of Things service market due to growing smart devices market and smart technology and experiencing the large number of early adopters of smart technology.

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Key Segments Of The Telecom Internet Of Things (Iot) Market

By Connectivity Technology:

Cellular Technologies
NB-IoT
LPWAN
RF-Based

By Offering:

Solution
Services

By Network Management Solution:

Network Traffic Management
Network Performance Monitoring and Optimization
Network Security Management

By End-User:

Automotive
Industrial
Energy and Power
Commercial Infrastructure
Healthcare
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

Touch Controller IC Market Key Segments, Regional Outlook, Top Companies, Forecast To 2032

Technology improvements in the devices used by end users in the consumer and enterprise markets are driven by the demand for greater user interfaces and space efficiency. As a result of the end-user device market switching to touch screens in response to this demand, there are presently very few device categories that do not use touch displays. Over the projection period, the global touch controller IC market is anticipated to increase at a CAGR of 12%, with revenues rising from US$ 1,213.3 million in 2022 to roughly US$ 3,753.1 million by 2032.

The proliferation of touch screens in the market and the resulting growth of touch screen technology must be complemented by touch controller ICs that act as a control device for touch screens. A touch controller IC is a microcontroller that allows a touch screen to register and analyze user input. The touch controller IC also acts as a link between the device’s processor and the touch screen responsible for most of the device’s I/O functions.

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Touch Controller IC Market: Drivers and Challenges

IoT devices are rapidly adopting by users who increasingly rely on touch screens for an improved user experience. Operating systems and software solutions are also being redesigned to work seamlessly with touch-enabled devices with touch controller ICs.

This in turn is driving the demand for touch screens and touch controller ICs in the market. While touch screens enable features such as improved user interfaces and device space optimization, they are prone to damage and are more expensive than keypad-based systems.

This is why many devices that operate in harsh or industrial environments prefer keypad-based systems over touch controls. The fragile nature of touch screens is hindering the growth of the touch controller IC market.

Touch Controller IC Market: Regional Overview

North American users have the ability to spend and tend to adopt more expensive devices faster than elsewhere. The number of devices per user is expected to increase in the region over the next few years, driving the growth of Touch Controller ICs in the region.

APAC and Europe are also expected to contribute significantly to the touch controller IC market, owing to the growth of industrial automation and the increasing economics of touch screens manufactured by local vendors.

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Touch Controller IC Market: Competitive Landscape

Touch Controller IC Market: Major Contracts/Contracts/Acquisitions
- ST Microelectronics has been selected as the leading game console provider for Nintendo to provide touch controller ICs for its Nintendo Switch products.
Touch Controller IC Market: Key Players

Key players in the touch controller IC market include Synaptics Inc., Texas Instruments Inc., NXP Semiconductors NV, ROHM Semiconductors, and Samsung Electronics Co. Ltd., ST Microelectronics, Integrated Device Technology Inc., Analog Devices Inc., Melfas Inc. . and Focal Technology Systems co. Corporation

Regional analysis of Touch Controller IC market includes development of these systems in the following regions:

North America
- USA and Canada
Latin America
- Brazil, Argentina and others
Europe
- EU5
- North Europe
- Benelux
- Poland
- russia
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC countries
- Other Middle East
- north africa
- South Africa
- other africa

The report is a compilation of first-hand information by industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.

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Key Segments Profiled in the Touch Controller IC Market Survey

By Screen Technology:

Capacitive Touch Screen
Resistive Touch Screen