Market Research Blog

A recent market research report by Future Market Insights presents a thorough overview of the global market for neuromorphic chip. The report is titled “Neuromorphic Chip Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.” The report states that the market will exhibit a promising CAGR of 20.7% from 2016 to 2026, rising from a valuation of US$1,420 mn in 2015 to a revenue opportunity of US$10,810 mn by the end of 2026.

The promise of a significant leap of improvement in terms of operational prowess, speed of processing, and better suitability to artificial intelligence applications are pushing ahead developments in the field of neuromorphic chips. The vast rise in the scope of applications of these chips across industries such as automotive, defence and military, aerospace, and machine learning is the key factor expected to drive the global neuromorphic chip market in the next few years.

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In terms of incremental opportunity across key regional markets covered in the report, the market in North America is expected to emerge as the most profitable over the report’s forecast period. Owing to the thriving automotive, aerospace, and consumer electronics industries, growth opportunities are vast in the region. Moreover, the region is also home to some of the world’s leading chipmakers and technology companies, making it the hub for technological developments in the area of neuromorphic chips.

The report states that the North America neuromorphic chip market will exhibit a promising 19.7% CAGR over the report’s forecast period, representing an incremental opportunity of US$2,300 mn from 2016 to 2026. If the numbers hold true, the market will rise from a valuation of US$400 mn in 2015 to US$2,700 mn by the end of 2026. Several industries in the region are promoting the convergence advanced, new technologies such as neuromorphic chips with existing technologies so as to improve productivity and efficiency of operations.

One of the most innovative usages of neuromorphic chips is being witnessed in the field of unmanned drones. Neuromorphic chips in drones are being tested for their ability in enabling drones to recognize any defined space visited earlier by storing and processing signal patterns emerging from surroundings of that space.

In terms of application, the report segments the global neuromorphic chip market into image recognition, data mining, and signal recognition. The key end-use industries of neuromorphic chips examined in the report are aerospace and defense, automotive, healthcare, consumer electronics, and industrial. Demand is expected to be promising across all these end-use sectors in the next few years, with the automotive and defense and aerospace sectors expected to remain at the forefront in terms of adoption of neuromorphic chips in the next few years. In the automotive industry, neuromorphic chips, in conjunction with technologies such as signal processing, could help drivers in understanding their immediate surroundings better thus helping them take better decisions.

Other industries are also increasingly representing growth opportunities for neuromorphic chips and are expected to help the market expand at a promising pace over the report’s forecast period. The vendor landscape has started becoming crowded and companies, with the aim of strengthening their hold on the market and making the most of available opportunities, have started focusing on strategic collaborations. Some of the leading companies presently operating in the market are IBM Corporation, Hewlett Packard Labs, HRL Laboratories, LLC, General Vision, and Intel Corporation.

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Leading market players are planning to dominate the global and regional markets through new strategic tie-ups and innovations

• IBM was awarded 7,355 patents in the US in 2015, putting it in the leading position for the 23rd consecutive year
• Intel Corporation invested US$ 12.1 Bn on R&D in 2015. Such high R&D investments allow the company to develop leading proprietary technologies and attain a strong leadership position.
• In September 2016, General Vision collaborated with Mando-Hella Electronics Corp. – a tier1 South Korean automotive systems manufacturer, to develop advanced driver assistance and monitoring systems integrated with NeuroMem technology, enabling advanced image recognition and multisensory pattern recognition
• Hewlett Packard Labs focusses on transferring advanced technologies into innovative products in order to propel the company’s growth, maintain industry leadership and competitive advantage
• HRL Laboratories focusses on widening its products portfolio reach into new application areas, which helps the company gain a competitive edge

Global Neuromorphic Chip Market: Market Segmentation

By Application

• Image Recognition
• Signal Recognition
• Data Mining
• Others

By Vertical

• Aerospace & Defence
• Automotive
• Consumer Electronics
• Healthcare
• Industrial
• Others

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By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excl. Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

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About Us

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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According to a study by Future Market Insights (FMI), the managed file transfer (MFT) market will surpass US$ 1.7 Bn in 2021 on the back of increasing adoption in BFSI and IT & Telecom industries. Managed file transfer is a form of software that File transfers possible both within and between enterprises.

This method is thought to be a transparent way of sharing data with additional features like tracking and monitoring. It is rapid, secure, and dependable. Users may utilise the technology to identify data loss from a certain point in time and receive a notification when a file transfer is successful.

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As a result of digitization, businesses are becoming increasingly reliant on the successful transfer of digital files carrying critical information. As a result, they need secure, trustworthy, and quick transmissions to keep the real-time business process going properly. As a result, the need for efficient and effective file transfer has increased in recent years.

As per the revised report by Future Market Insights (FMI), the global managed file transfer (MFT) market is expected to expand at a steady CAGR of around 10.0% over the forecast period (2021-2031). The BFSI segment will emerge as a key end-user as it continues exhibiting high demand for cost-effect technologies for file transfer.

Key Takeaways from Market Study

• Rising demand for seamless file transfer between or within organizations will enable growth in the managed file transfer market at a 10% CAGR between 2021 and 2031
• The market in the U.S. is projected to expand at a CAGR of 8.2% through 2031, emerging dominant in North America
• Germany will emerge as a key market for MFT, accounting for over one-fourth of demand registered in Europe
• China and Japan will emerge as key markets within East Asia. While China is expected to account for a higher share, Japan will exhibit growth at a higher pace
• Rapid digitization will enable double-digit growth in India, pushing the expansion of the market in South Asia​

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Impact of COVID-19 on Managed File Transfer Market

The COVID-19 epidemic has wreaked havoc on a number of businesses, including controlled file transmission. Many business and government organisations have made the switch to remote working, resulting in an increase in demand for controlled file transfer solutions.

The managed file transfer industry is expected to rise by 1.6X from 2019 to 2020, with a spike in demand due to the COVID-19 epidemic and the shift to a remote workforce. The change to remote working has resulted in a surge in demand for secure managed file transfer (MFT), managed file transfer cloud services, and remote management of secure file transfers for critical projects.

Automation in Enterprise Workflow Management Driving Market

Enterprises across various industry verticals are increasingly focusing on deploying managed file transfer software for creating automating enterprise workflow management. The application of managed file transfer solutions includes the generation of event-driven automation for performing specified tasks, which are generated on the enterprise domain, users, group level, or server level.

Enterprises are also using managed file transfer for automating different tasks such as assigning the expiration dates to files, scheduling file transfers, and other functions for deleting files, transferring and storing files, initiating event-driven actions, and sending notifications based on defined activities.

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Market Segmentation by Category

Solution

• Software
  • System-centric File Transfer
  • People-centric File Transfer
  • Extreme File Transfer
• Services
  • Implementation & Integration
  • Consulting
  • Support & Maintenance

Industry

• BFSI
•  Media & Entertainment
•  Retail
•  Manufacturing
•  Telecommunication
•  Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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About Us

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.

Contact Us:
Future Market Insights,
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According to the Future Market Insights (FMI), the global photonic sensors & detectors market is expected to grow from US$ 38.0 Bn in 2022 to US$ 83.5 Bn by 2032, with overall sales rising at a healthy CAGR of around 8.2% throughout the forecast period (2022-2032).

Rising penetration of 4.0 industrial revolution and increasing application in healthcare, defence & security, factory automation, oil & gas, and consumer electronics are some of the key factors driving demand for photonic sensors & detectors in the market.

Several technologies or technology-enabled environments like fiber optics and many others are helping to drive the fourth industrial revolution. As more businesses continue their journey toward digitalization, photonics is playing a crucial role in every sector, improving performance and holding huge potential.

When it comes to sensors for robotics and automation as well as instruments for the production processes, lasers and optics are playing a crucial role. They help businesses to increase agility and productivity, improve customer experience, and reduce costs.

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Key Takeaways: Photonic Sensors and Detectors Market

• By product type, the photonic detectors segment is expected to grow at the highest CAGR of around 4% between 2022 & 2032.
• By application, the healthcare & medical segment is projected to grow at the fastest CAGR of around 1% during the forecast period.
• North America held around 4% share of the global photonic sensors and detectors market in 2021.
• The East Asia photonic sensors and detectors market is estimated to grow at a CAGR of around 6% over the forecast period.
• The U.S. accounted for around 2% share of the North American photonic sensors & detectors market in 2021.
• The overall photonic sensors & detectors market in South Korea is likely to expand at 2% CAGR during the forecast period.

“Growing focus on automation across multiple industries, increasing smart infrastructure development, and rising investments in the development of fiber optic communications are some of the key factors driving the growth of the photonic sensors and detectors market,” says FMI analyst.

Growing Demand for Fiber Optic Sensors to Generate Significant Revenues in the Market

Fiber optic sensors are used to sense some quantities like pressure, temperature, displacements, vibrations, rotations, or concentration of chemical species. Fibers have many uses in remote sensing because at remote locations they require no electrical power and they are small in size.

They perform in sensitive situations such as noise, high temperatures, high vibration, and humid and unstable environments. The sensors are easy to integrate into small areas and can be placed accurately wherever flexible fibers are required. A device like an optical time-domain reflectometer is used to determine the time delay of fiber optic sensors. Due to such factors, the demand for fiber optic sensors is expected to increase in the global market during the forecast period.

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Who is Winning?

Market players operating in photonic sensors and sensors market include Honeywell International Inc., Banner Engineering Corp, Mitsubishi Electric Corporation, Baumer Holding AG, BaySpec, Inc., Fiberoptic Systems, Inc., St. Jude Medical, Inc., Omron Corporation, LAP Laser, LLC, FISO Technologies Inc., Ibsen Photonics A/S, Prime Photonics, Smart Fibres Ltd, Hamamatsu Photonics, and Fujifilm Holdings Corporation, among others.

These leading players are concentrating on introducing new and advanced photonic sensors and detectors to expand their customer base and gain a competitive edge in the market. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.

More Valuable Insights on Photonic Sensors and Detectors Market (segment-wise)

Future Market Insight’s report on the Photonic Sensors and Detectors industry research is segmented into three major sections – by product type (photonic sensors (fiber optic sensors, biophotonic sensors, image sensors and others), photonic detectors (photodiodes, phototransistors, single-photon counting modules and others)), by application (healthcare & medical, defense & security, industrial & factory automation, oil & gas, environmental research & development, consumer electronics, and others), and by region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the photonic sensors and detectors demand outlook.

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Global Photonic Sensors & Detectors Market Outlook by Category

By Product:

• Photonic Sensors
  • Fiber Optic Sensors
  • Biophotonic Sensors
  • Image Sensors
  • Others
• Photonic Detectors
  • Photodiodes
  • Phototransistors
  • Single-Photon Counting Modules
  • Others

By Application:

• Healthcare & Medical
• Defense & Security
• Industrial & Factory Automation
• Chemicals & Petrochemicals
• Oil & Gas
• Environmental Research & Development
• Consumer Electronics
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• The Middle East and Africa (MEA)

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About Us

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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Future Market Insights (FMI), an ESOMAR-certified consulting firm, forecasts that the global dual-clutch transmission market will expand steadily at a 6% CAGR between 2021-2031. This market is expected to be valued at $24 billion in 2021.

The surge in demand for passenger cars that provide effective driving control and fuel economy is driving sales in the global dual-clutch transmission market. Increasing adoption of hybrid vehicles will further increase market sales, expanding the market size to  7.2%.

The growing preference for small and medium-sized passenger cars will drive sales in the market. The integration of dual-clutch transmission systems in small vehicles has received more and more attention in recent years, resulting in a growth rate of 6.3% year-over-year in the DCT market in 2020-2021.

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The rapid expansion of the automotive industry along with increasing research and development for product innovation in countries such as the UK, USA and Germany is boosting the market growth.

Strict emission standards and growing consumer preference for compact passenger cars that provide an optimal driving experience are driving growth in developing countries such as China, India, South Korea and Brazil.

In addition, technological advances in dual-clutch transmission systems integrated into hybrid vehicles will further drive market sales.

 Highlights of FMI’s Dual Clutch Transmission Market Research

• Passenger cars will dominate this sector over the next decade.
• Dry clutches will emerge as the most preferred product type.
• China will emerge as the most lucrative market due to growing demand for passenger cars.
• Germany will witness steady growth, driven by increased research and development on the development of dual clutch transmissions in Germany.
• India will see high demand due to growing customer preference for hybrid small and medium-sized passenger cars.
• The United States is expected to witness steady growth in the market as product innovations increase in the dual clutch transmission market.

Competitive landscape

Key players operating in the market profiled by FMI include ZF Friedrichshafen AG, Getrag, BorgWarner Inc., Eaton, GKN Driveline and Continental.

Prominent players are adopting various lucrative strategies to gain a competitive edge in the highly dynamic Dual Clutch Transmission market. Notable strategies include product development, collaboration, acquisitions, expansion and adoption of green and sustainable manufacturing processes for optimal growth. For example:

• In October 2020, BorgWarner confirmed the acquisition of electronics specialist Delphi Technologies to strengthen its product portfolio and support continuous product innovation.
• In June 2021, ZF Friedrichshafen AG announced plans to make India a global hub for manufacturing and development of auto parts. German manufacturers are focusing on research and development related to materials sourcing, digital innovation and automobile manufacturing.

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Additional Insights on Dual Clutch Transmission Market

In its latest report, FMI provides an unbiased analysis of the global Dual Clutch Transmission market by providing historical data for the period 2016-2020 and forecast statistics for the period 2021-2031. To understand the global market potential, growth and scope, the market is segmented into 7 major regions (North America, Central & South America, Eastern Europe, Asia Pacific excluding Japan, Western Europe) based on vehicle type (passenger and commercial), product type (dry and wet clutch). , Japan, Middle East and Africa).

Dual Clutch Transmission Market by Category

By vehicle type:

• car
• commercial vehicle

By product type:

• dry clutch
• wet clutch

By region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific excluding Japan
• Japan
• Middle East and Africa (MEA)

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About Us

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.

Contact Us:
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The global workstation market is expected to reach a value of US$ 100,033.7 Mn in 2029, with sales growing at a stellar CAGR of 9.2% from 2022 to 2029. Climbing up from a value of US$ 50,107.4 Mn in 2021, the target market will likely reach an estimated US$ 53,984.2 Mn in 2022. A surge in the adoption of rack workstations, desktop workstations, and mobile workstations across diverse applications like digital content creation, advanced data modeling, industrial designing, and 3D modeling among others will propel the workstation market during the forecast period.

Escalating demand for 3D animation, networking & graphics processing, and digital content creation, coupled with advantages like low energy consumption and a decrease in hardware-related spending will likely spearhead the demand for the workstation market during 2022-2029. In addition, the rising popularity of mobile workstations further supplements the target market growth. At present, mobile workstations are open to consumers with processors ranging from Core i3 to Xeon.

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The computing capacity earlier available only in a tower workstation is now also provided in a mobile workstation, which permits users to work at the job site due to its mobility. Thus, the mobile workstation segment is expanding swiftly within the workstation market and contributing to the overall growth of the workstation market.

Owing to a surge in the understanding of the high-end use of digital photos & videos among clients, the media industry, too, is nowadays making use of simple 2D & 3D image editing, web creation, and low-end video editing to feature-film special effects creation and editing. This is expected to boost the adoption rate of workstations, due to the rising demand for digital software for high-processing platforms. All of these considerations foster an environment of growth for the target market during the forecast period.

“Workstation-related benefits like low energy consumption and decline in spending on hardware will likely fuel the global growth of the workstation market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• The workstation market in India will register a CAGR of 14.1%.
• The U.S. workstation market will expand at 7.8% CAGR during 2022-2029.
• The desktop workstation segment will record a CAGR of 7.9% during the assessment period.
• By application, the industrial designing segment will grow at a CAGR of 8.2%.
• On the basis of industry, the healthcare segment will expand at a CAGR of 12.0% during 2022-2029.

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Competitive Landscape 

Fujitsu Limited, Microsoft Corporation, NVIDIA Corporation, Intel Corporation, Dell EMC, Red Hat, Inc., Hewlett Packard Enterprise, HP Inc., Secunet AG, Citrix Systems, Inc., Lenovo Group Limited, Cisco Systems, Inc., Super Micro Computer, Inc., and VMware, Inc., among others are some of the major players in the workstation market profiled in the full version of the report.

Leading market players are focusing on product innovation and development to increase their product portfolio. Some of the other businesses in this field are employing strategies like collaborations and partnerships to expand their consumer base.

More Insights into Workstation Market Report

In its latest report, FMI offers an unbiased analysis of the global workstation market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2029. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (rack workstation, desktop workstation, tower workstation, mobile workstation), operating system (Windows workstation, Linux workstation, Unix workstation), core (6 cores, 8 cores, 12 cores, 18 cores, 28 cores, 32 cores, 56 cores, others), enterprise size (SMEs, large enterprises), application (digital content creation, advanced data modeling, industrial designing, 3D modeling, others), industry (healthcare, education, BFSI, manufacturing, media and entertainment, engineering and design, others), and region.

According to the latest FMI reports, based on segmentation, the desktop workstation segment will register higher demand than the other and grow 1.6 times its current size by the end of 2029. On the basis of application, the industrial designing segment will make major contributions to the overall market growth as there is a heightened demand for high-processing platforms. This segment will grow at a CAGR of 8.2%. On the basis of industry, the engineering and design segment will grow 1.7 times its current value by 2029.

Based on region, the workstation market in Japan will present impressive growth during 2022-2029. The target market in Japan will generate a revenue opportunity of US$ 972.9 Mn during this period of observation. This growth can be attributed to the presence of a few key market players and the development of smart infrastructure for enhanced technologies. Apart from Japan, the U.S. and India, too, will demonstrate notable market growth during the forecast period

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Workstation Market Outlook by Category

By Type:

• Rack Workstation
• Desktop Workstation
• Mobile Workstation
• Tower Workstation

By Operating System:

• Windows Workstation
• Linux Workstation
• Unix Workstation

By Core:

• 6 Cores
• 8 Cores
• 12 Cores
• 18 Cores
• 28 Cores
• 32 Cores
• 56 Cores
• Others

By Enterprise Size:

• SMEs
• Large Enterprises

By Application:

• Digital Content Creation
• Advanced Data Modelling
• Industrial Designing
• 3D Modelling
• Others

By Industry:

• Healthcare
• Education
• BFSI
• Manufacturing
• Media and Entertainment
• Engineering & Design
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

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About Us

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 7-years.

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As per the revised market research by Future Market Insights (FMI), the global mass notification systems market reached a valuation of around US$ 7.6 Bn in 2020, and is anticipated to surge at a CAGR of 18.5% over the next ten years.

The proliferation of smartphones and the accessibility of the Internet across the globe have improved the mass notification systems, catapulting it as an incredibly powerful, efficient and flexible business tool.

With the help of smartphones and Internet, it is now possible to communicate with any number of people, irrespective of their location. According to the report, factors such as increasing adoption of wireless emergency alert system and proliferation of smartphones across the globe are projected to drive growth of the mass notification systems market.

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Key Takeaways from Market Study

• The South Asia & Pacific market is expected to offer lucrative growth opportunities due to growing industrialization and increasing frequency and natural disasters in the region.
• Growing trend of cost-effective mass notification systems along with technological advancements are creating growth opportunities for component manufacturer and providers.
• The market in the U.S. is projected to expand at a CAGR of 13.2% through 2031.
• Germany will emerge as a highly lucrative market for sales. Demand in Germany has been forecast to rise at around 16.0% CAGR through 2031.
• Market growth in China, Japan, and India is expected to be much higher, at around 19.7%, 23.9%, and 29.9%, respectively.
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • Applications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban centers

Impact of COVID-19 on Mass Notification Systems Market

The COVID-19 pandemic outbreak has disrupted many industries, including the mass notification systems market. Mass notification systems are installed to alert people about prospective exposure, without triggering panic.

The demand for mass notification systems solutions and devices such as in-building mass notification systems, wide-area mass notification systems, distributed recipient mass notification systems and IP-based notification devices however increased during the lockdown resulted by COVID-19 outbreak. This created opportunities for the market growth.

Mass notification systems market is expected to grow by 2.0X from 2020-2021 and would see a surge in demand amid the COVID-19 outbreak, as IP-based notification devices among various businesses, becomes the new norm.

These initiatives start with city Wi-Fi and public connectivity, which plays an important role in ensuring law enforcement devices such as cameras and police observation devices, gunshot detection to collect and transmit the necessary data at the time of emergency situations. This is a significant factor responsible for driving growth of mass notification systems market.

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Emergence of Connected Safety Solutions Driving Market Growth

A crisis is the worst situation to draft messages for various audiences, doing phone calls, social media posting and other activities, especially when risks is on rise with every passing second. Mass notification systems not only reduce the staff workload but help resolve and recover from any incident quickly, with as little damage as possible.

Connected safety solutions uses IoT-connected sensors to increase the ability to gather data and make informed decisions.

It helps prepare better and quicker response to peoples in crisis situations. Emergence of IoT helps in boosting the reach, speed, and cost-effectiveness of mass notification systems. IoT enables to automate manual processes in an intelligent way, so the output is always relevant to the situation and to the person receiving the notification.

More Valuable Insights on Mass notification systems Market

A new market research report published by Future Market Insights (FMI) on the global mass notification systems market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.

The report provides valuable insights on the basis of component (hardware (fire alarms,   public address systems,   alert beacons, duress systems, others) emergency notification platform, services (installation & deployment, support & maintenance, warning system designing, emergency response services)), solution (in-building mass notification systems,   wide-area mass notification systems, distributed recipient mass notification systems), application (emergency & crisis notification, business continuity and disaster recovery, business communication & operations, and others), end-use industry (military & defense, government & public sector, industrial, commercial, event & sports venues, critical infrastructures, and others), and across six major regions.

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The Optical Encoder Market revenue totalled ~US$ 2,333.4 Mn in 2021 and is projected to reach ~US$ 4,851.9 Mn by 2029, growing at a CAGR of 9.7% for 2022 – 2029. Increasing implementation of advanced absolute optical encoders by manufacturers of surface mount technology (SMT) placement equipment will also remain a major booster to market growth through 2029.

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Key Takeaways – Optical Encoder Market Study

• Players in the automation sector are switching from incremental optical encoders to absolute optical encoders that are well suited for high-precision instrument, as they produce parallel digit outputs.
• Shafted optical encoder is estimated to continue to hold a leading market share, based on configuration, during the forecast period.
• Healthcare equipment currently account for over a fourth of total demand. It will remain a significantly lucrative application area for optical encoder manufacturers and is most likely to overtake the consumer electronics industry in terms of market value share, in the latter half of projection period.
• Asia Pacific excluding Japan (APEJ) is witnessing a high growth rate in optical encoder market as manufacturers of automotive, consumer electronic, and industry automation are adopting optical encoders to improve product quality

Commercialization of Quantum Dots to Create Lucrative Opportunity

Requirement for high performance optical encoders is expected to increase, owing to commercialization of quantum dots (QDs). These QoDs are used in a variety of thin film devices such as photo detectors, solar cells and LEDs. In flat panel display (FPD) applications, QDs offer improved efficiency, display life, power consumption, brightness and color saturation, along with reduced cost.

Experts at FMI expects manufacturers to shift from liquid crystal display (LCD) towards the development of QD-enabled devices such as cost-effective thin film transistor (TFT) products in the foreseeable future.

Improvement in performance will be crucial to meet demand for motion control in these QD devices. Advanced optical encoders are expected to emerge as the best solutions for servo feedback in applications that require highest precision, in turn creating potential business opportunities for manufacturers in the optical encoders market.

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Competitive Landscape

Many key players are inclined at investing heavily in innovation, research, and development practices to uncover increased applications of optical encoder. With the use of technology, vendors are also focusing on strategic partnerships and collaborations, new product developments and business expansion to capture huge customer base.

• Honeywell International
• Rockwell International
• Renishaw PLC
• Allied Motion Technologies
• Sensata Technologies
• US Digital

Optical Encoder Market Outlook by Category

By Configuration :

• Shafted Optical Encoder
• Hollow-Shaft Optical Encoder
• Absolute Optical Encoder
• Multi-turn Optical Encoder
• Incremental Optical Encoder

By Output Signal Format :

• Analog Optical Encoder
• Digital Optical Encoder

By Application :

• Healthcare Equipment
• Consumer Electronics and Semiconductor Manufacturing Equipment
• Robotics Equipment
• Test & Measurement Equipment
• Others

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By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East & Africa

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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 7-years.

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The Content Delivery Network Market is projected to reach a valuation of US$ 19.6 Bn in 2022 and US$ 84.1 Bn by 2030, likely to surge at a vigorous 20% CAGR from 2022 to 2030.

Also, the prospects of the industry through 2030 are very positive, according to Future Market Insights (FMI). The report has stated that the industry will benefit from improvements in networking technology and the growing popularity of OTT content. Analysts at FMI have said that software-as-a-service delivery network services will contributes substantially to the overall revenue, for media, entertainment and healthcare applications. Poor networking infrastructure in rural areas is a major challenge.

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The content delivery network industry has reflected exponential growth in the recent past account of major advances in networking technology, and the widespread penetration of the internet even in developing countries. Further, businesses have increased demand for outsourcing of content, management and distribution of media services, bolstering the speed of access to potential consumers. While revenue from content delivery network services has soared, the high levels of competitiveness industry have reduced profit margins. Also, scalability remains an issue in terms of data storage, and mobile and dynamic content.

The report by FMI offers an exhaustive overview, covering critical market dynamics. Some of the major takeaways from the study include:

• Market was valued at US$ 11.5 Bn in 2019, with demand rising sharply, with the coronavirus outbreak generating major growth opportunities
• Software-as-a-service content delivery networks remain in high demand, with the sales of individual modules expected to surpass that of bundled suites by 2030, owing to customized needs for CDN delivery processes
• Media distribution applications of content delivery network witness higher growth than software distribution and website caching owing to unprecedented demand for on demand media consumption
• North America remains a major market growth, supported by demand for video content and digitization of organization data. On the other hand, East Asia is generating lucrative growth opportunities with major investments in technology enhancements in the region

Covid-19 Impact on Content Delivery Network Market

With fears over the rapid spread of the coronavirus, businesses and educational organizations around the world are encouraging alternative plans to operate including work from home and distance learning strategies.

The rapid expansion of videoconferencing, e-learning, and online messaging has resulted in increased internet traffic. Also, with people increasingly staying home the consumption of OTT content has soared during the pandemic.

Content delivery network players are increasingly being used for last mile network optimization, by keeping internet traffic at a local level. Players are considering sharing traffic statistics on vertical, country, or industry levels, which will help aid operations for the short term.

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Who is Winning?

In the study, FMI has assessed the varying business strategies being used by major companies in the content delivery network market. Leading players are deploying multiple strategies including investing in technology development, strategic mergers and acquisitions, and introduction of new offerings in the industry.

Some of the key players in the market include Akamai Technologies Inc., Deutsche Telekom AG, CloudFlare Inc., AT&T, Amazon Inc., Orange S.A., Microsoft Corporation, CDNetworks Co. Ltd., CenturyLink, and Verizon Digital Media Services.

More Insights

Future Market Insights, has provided a in-depth analysis of the global content delivery network market, covering information on historic demand and forecast data for the years between 2022 and 2030. The market study also provides detailed assessment of product pricing through varying market dynamics, life cycle analysis and new technologies that find roles in the production of content delivery networks and adoption in different demographics.

Content Delivery Network Industry Survey By Category

Content Delivery Network Market by Service:

• Designing, Testing, and Deployment
• Software-as-a-Service
• Managed Services
• Consulting Services

Content Delivery Network Market by Application:

• Media Distribution/Delivery
• Software Distribution/Delivery
• Website Caching
• Others

Content Delivery Network Market by Vertical:

• Media & Entertainment
• e-Commerce
• IT & Telecom
• Healthcare
• Government
• Advertisement
• Others

Content Delivery Network Market by Service Provider:

• Telecom CDNs
• Conventional CDNs
• Others

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Content Delivery Network Market by Region:

• North America Content Delivery Network Market
• Latin America Content Delivery Network Market
• Europe Content Delivery Network Market
• East Asia Content Delivery Network Market
• South Asia & Pacific Content Delivery Network Market
• Middle East & Africa (MEA) Content Delivery Network Market

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About Us

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 8-years.

Contact Us:
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Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
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Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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