Industrial PC Market is Forecast to Grow at a Healthy CAGR of 6% for 2022 – 2032 | FMI

The industrial PC market size was worth US$ 5 billion in 2021 and is expected to reach US$ 9.4 billion by 2032, increasing at a CAGR of 6% over the forecast period as indicated by the industrial PC market report by FMI.

IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing as more emphasis is placed on automation and IoT. Overall, the industrial PC market is expected to be worth US$ 6 billion by 2026.

Industrial PC manufacturers are aggressively leveraging the Industrial Internet of Things (IIoT) across multiple industries to maximise resources and prices, thereby opening up numerous industrial PC market opportunities. By utilising industrial PCs for data collection and management across a vast network of intelligent devices, they are able to automate manufacturing operations and generate a large volume of manufacturing data.

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Key Takeaways

  • The manufacturing operations of many industries, including semiconductor, consumer electronics, and automotive, are predicted to grow dramatically in the APAC area.
  • In the year 2021, the industrial PC market size in the United States was worth US$ 1.1 billion.
  • China, the world’s second-largest economy, is expected to reach a market capitalization of US$ 901.7 million by 2026, representing a 6.5 per cent CAGR over the study period as per the emerging trends in the industrial PC market.
  • Japan and Canada are two other critical geographic markets, with forecasted growth rates of 3.5 per cent and 3.9 per cent, respectively, over the analysis period.
  • Over the projection period, the Semiconductor & Electronics segment is expected to increase at a rapid pace.

“Manufacturing companies witness a high demand for industrial IoT as the manufacturing sector steadily moves toward digitalization with increased awareness of resource optimization in manufacturing firms, and robust regulatory necessities to safeguard protection and reliability in production plants are all driving market growth.”—opines a FMI analyst.

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Key Segments

By Type:

  • Panel IPC
  • Rack Mount IPC
  • Box IPC
  • Embedded IPC
  • DIN Rail IPC

By Sales Channel:

  • Direct Sales
  • Indirect Sales

By End-use Industry:

  • Process Industries
  • Discrete Industries

By Region:

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

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Recording Chart Paper Market Insights, Drivers, Forecast by Type & End-user, to 2026

Recording Chart Paper Market: Overview

The government initiatives to make most of population aware regarding regular health check-ups and increasing incidences of cardiovascular disorders are expected to boost the global recording chart paper market growth through 2026.

In addition, the change in the medical treatment preference from acute treatment to preventive care is anticipated to propel the demand for cost-effective and accurate methods for heart monitoring. The hospitals end user segment is expected to hold the highest market share in global market for recording chart paper during 2016-2026.

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Recording Chart Paper Market: Drivers and Restraints

The global market for recording chart paper is expected to be driven by increasing emphasis on reducing infant mortality and prevalence of cardiovascular diseases during the forecast period of 2016-2026. The cardiovascular diseases is the major healthcare burden worldwide.

For instance, the American Heart Association estimated that over 17 Mn deaths were caused by cardiovascular diseases in the U.S. during 2014. However, less accuracy of the recording chart paper over digital instruments could be the restraint for the growth of global recording chart paper market through 2026.

Recording Chart Paper Market: Segmentation

The global recording chart paper market is classified on the basis of product type, end user and geography.

Based on product type, the global recording chart paper market is segmented into the following:

  • Cardiology Monitoring Recording Chart Papers
  • Fetal Monitoring Recording Chart Papers
  • Ambulatory / EMS Recording Charts for Defibrillators
  • Ultrasound / OBGYN Recording Chart Paper

Based on end user, the global recording chart paper market is segmented into the following:

  • Hospitals
  • Diagnostic Centers
  • Clinics
  • Ambulatory Surgical Centers

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Recording Chart Paper Market: Key Players

Some of the key players in the global recording chart paper market include Covidien Ltd. (Medtronic plc) Tele-Paper Sdn Bhd., Precision Charts Inc., Pirrone srl, Euran Erikoispaperit Oy,Recorders Charts & Pens Inc.,Kokusai Chart Corporation, among others.

The recording chart paper market is fragmented with presence of many local vendors in the market, however, when it comes to global level there are few well recognized brands available in the globalrecording chart paper market. Most of the providers of recording chart paper are adopting the strategy of providing these products through e-commerce, so that buyers can browse the products according to their needs.

Recording Chart Paper Market: Regional Overview

Region wise, the global recording chart papers market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, Middle East and Africa. North America dominated the global market for recording chart paper due to good reimbursement policies for diagnostic procedures.

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North America will be the market leader for recording chart paper market during the forecast period and will account for major market value share of global recording chart papers market.

The increasing incidence of cardiovascular disease in the U.S. coupled with increase in the aged population prone to cardiac disease diagnosis is expected to boost global recording chart paper market growth during the forecast period. Increasing number of local players providing recording chart papers at low cost in countries such as China is expected to boost the recording chart paper market growth in APEJ region.

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Industrial Automation Market is Expected to Have a Significant CAGR of 7% from 2022 to 2032

According to the industrial automation market analysis by Future Market Insights (FMI), the market is poised to attain a CAGR of 7% during the forecast period 2022-2032. The industrial automation market growth can be attributed to rising demand for real-time data analysis across geographies and increased adoption of cutting-edge technology across end-use industries to improve performance.

The significance of predictive maintenance and asset management solutions, which provide users with better visibility into their equipment condition, is accelerating the demand for industrial automation solutions.

The efficient flow of information across different units in an industry allows for the most efficient conversion of raw materials to finished goods, highlighting the significance of the connected enterprise system, which augurs well for industrial automation market future trends.

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Industrial automation solutions adoption trends are likely to be favoured by governments across the world as they are focusing on the development of process and distinct industries by launching a variety of initiatives and plans backed by investments to boost productivity.

Manufacturers can gain real-time access to plant floor data enabled by industrial computing and automation technologies, which helps them centralize business data and multi-plant operations, thereby surging the sales of the industrial automation solutions.

As per the industrial automation market study, the industrial automation market size is estimated to be about US$ 51 Bn by 2026.

Key Takeaways:

  • By sensor, inductive sensors are expected to dominate the market due to automatic welding system and their capabilities such as high mounting flexibility robust metallic detection.
  • By servo, servo motors are expected to grow at the fastest CAGR during the forecast period, as market participants launch new servo motors for automation systems.
  • AC motors are expected to see widespread adoption by motor type due to their low maintenance and low cost.
  • By industry, the discrete automation industry is likely to lead the market as the sub-segment, automotive and heavy manufacturing industries, is likely to drive the demand for automation solutions.
  • By component, the software segment is expected to have a significant market share during the forecast period since it seamlessly allows businesses to streamline their manufacturing processes.
  • By hardware, Robots are expected to grow at a rapid pace due to technological advancements and the emergence of Industry 4.0, with market players introducing advanced robots for automation purposes.
  • The Middle East and Africa market for PAM and adoption of industrial automation solutions are expected to grow at the fastest rate, as PAM improves decision-making and turnaround time by tracking manufacturing defects.

“The Asia Pacific region controls most of the global industrial automation market. The market is expanding positively and is expected to continue doing so on account of smart manufacturing and automation, and integration with the current manufacturing environment. Furthermore, the growing number of application areas, as well as the strong presence of industrial automation services companies and the developing economies of Asian countries, all contribute to the market’s growth.” says an FMI researcher.

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Competitive Landscape:

The industrial automation market appears to be highly competitive. Several well-established machine automation technologies providers form a solid competitive landscape.

These market participants attempt to maintain their positions by investing in collaboration, mergers and acquisitions, partnerships, product/technology launches, and expansion.

These strategies assist market participants in gaining a more significant industrial automation market share and meeting their expansion plans. They are primarily concerned with new technology advancements in industrial automation.

The market would be subjected to constant innovations and developments, intensifying competition among top industrial automation system integrators.

Recent Developments in the Industrial Automation Market include:

  • Siemens AG and SAP SE have expanded their collaboration to deliver a new service and asset lifecycle management solution. The collaboration aims to connect plant floor operations, remote condition monitoring and Siemens industrial automation products development via digital twins with original equipment manufacturers to facilitate collaboration across the asset lifecycle.
  • Plex Systems, a provider of smart manufacturing solutions, was purchased by Rockwell Automation Inc. for USD 2.2 billion. Plex Systems’ cloud-native smart manufacturing platform will be used to broaden industrial cloud offerings.

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Phototherapy Equipment Market Size, Business Strategies, SWOT Analysis, Sales Analysis to 2028

Phototherapy Equipment Market Overview

Increasing utility for treating skin disorders such as psoriasis, acne, neonatal jaundice, and eczema, the market of phototherapy equipment is anticipated to display numerous opportunities of growth for market players during the forecast period.

Cost Reduction of Products in the Phototherapy Equipment Market to Propel Growth 

The rapid rise of neonatal jaundice and other skin diseases owing to unhealthy global environment conditions, technological improvements, and increased preference for the use of LED based phototherapy treatment equipment are factors that are anticipated to drive the market in the near future.

The products for the treatment of neonatal jaundice is expected to see relatively higher growth owing to the fact that about 50% of term and 80% of preterm babies develop jaundice within 2-4 days of birth, which sets up a high demand for efficient treatment.

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Rising awareness among patients regarding advanced treatment options and improved healthcare service and infrastructure is anticipated to contribute to market growth. The introduction of phototherapy equipment for home use is also expected to boost demand among skin ailment patients.

Segmentation of the Global Phototherapy Equipment Market

Phototherapy equipment can be broadly classified on the basis of products, application, and end user. On the terms of products, phototherapy equipment can be divided into portable LED lamps, bed type LED lamps, and neonatal incubators with LED lamps. On the terms of applications, phototherapy equipment can be used for cancer, psoriasis, acne, and neonatal jaundice. On the basis of the end user, phototherapy equipment can be categorized into diagnostic centers and hospitals.

This review on the phototherapy equipment market, gives readers a full assessment at regional and global levels to extract crucial information from trustworthy sources that has been supported and validated through in-depth research. The report helps in gaining an improved understanding about competitive scenarios and recognizing untapped business opportunities.

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North America Phototherapy Equipment Market to Maintain Dominance

North America is anticipated to hold control over a major amount of phototherapy equipment market share and also display a rapid increase in the yearly rate of growth. This can be largely attributed to the increasing incidences of neonatal jaundice and other ailments that affect the skin.

Growing awareness among the public about the latest treatment methods and healthcare infrastructure is expected to give a boost to the phototherapy equipment market of the region during the forecast period.

In addition, the number of new hospital establishments has also increased significantly in the region in the past few years, numbering well over 5000 at the current time, equivalent to over 45 percent of the global market. Growing preference of hospital treatments for curing skin conditions and favorable policies of reimbursement such as the Medicaid reimbursement policy of the United States are anticipated to significantly contribute to the growth of the North America market.

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The Asia Pacific region is also anticipated to show good growth arising from growing support of the government for healthcare initiatives, increasing popularity of the region for medical tourism, expansion of key market players in the region, and low cost phototherapy equipment in China and India.

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Absorbent Glass Mat Battery Market Is Projected To Reach A Valuation Of US$ 11.2 Billion

The market for absorbent glass mat (AGM) batteries market generated US$ 11 billion in 2021 and is anticipated to grow 5.3% year over year to reach US$ 11.2 billion in 2022. The market is expected to grow to US$ 18 billion by 2032 as a result of the increasing support from various governmental organisations. The forecast period is expected to see a 4.8% CAGR in the industry.

The need for effective and adaptable energy storage solutions has increased as a result of the increasing use of renewable energy across grids, and this is anticipated to drive demand for absorbent glass mat (AGM) batteries over the forecast period. The UPS segment is likely to offer remunerative opportunities for the global absorbent glass mat(AGM) battery market.

Several emerging economies are making significant developments in their automotive sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways:

  • By application, the UPS segment is expected to record a 3.8% CAGR by 2032
  • By voltage, the 2-4volts segment to expand at a 3.2% growth rate during the forecast period
  • The U.S market to garner US$ 6 Billion and record a 4.5% CAGR from 2022-2032
  • Market in China to procure US$ 1 Billion, expanding at a 4.1% growth rate during the assessment period

“Rising penetration of renewable energy across grids has boosted the need for efficient and flexible energy storage solutions is expected to fuel the demand of absorbent glass mat (AGM) battery market over the forecast period,” says an FMI analyst.

Competitive Landscape

Eminent players of the global absorbent glass mat (AGM) battery market include Clarios, Power Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company among others. Recent key developments among players include:

  • In November 2021- Clarios entered a strategic collaboration with China Lithium Battery Technology Company (CALB) to develop low-voltage lithium-ion battery systems to address the growing electrical needs of global automaker. The partnership will develop and manufacture low-voltage lithium-ion battery systems with lithium iron phosphate (LFP) cells to support the needs of electric vehicles — combining CALB’s lithium-ion cell expertise with Clarios’ battery system and vehicle integration capabilities.
  • In May 2021 – Exide Technologies, updated its Exide Premium range with a modern new black design with new recycled components for reduced environmental impact. The change will lead to savings of 2,700 tons of CO2, 8 million litres of water and 1.2 million litres of crude oil in Exide’s manufacturing each year.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global absorbent glass mat (AGM) battery market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Stationary, Motive) by Voltage (2-4 Volts, 6-8 volts, 12 volts and above) by end-user (OEM, Aftermarket) by Application (Automotive, UPS, Industrial, Energy storage, others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)

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Owing to the increase in penetration of renewable energy across grids has boosted the need for efficient and flexible energy storage solutions with long operating life to boost the growth of the market in coming years.

Government initiatives for implementing strict regulations related to carbon emissions are expected to boost the growth of the absorbent glass mat (AGM) battery market. For instance, In Feb 2022- The U.S. Department of Energy (DOE) issued two notices of intent to provide US$ 2.91 Billion to boost the production of the advanced batteries that are critical to rapidly growing clean energy industries of the future, including electric vehicles and energy storage.

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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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Robotic Lawn Mower Market Expectations & Growth Trends Highlighted Until 2031

As per Future Market Insights (FMI), the robotic lawn mower market is expected to progress steadily at a CAGR of over 11.5% between 2021 and 2031. Driven by the increasing construction of public gardens, commercial buildings, and landscaping services, the robotic lawn mower market is projected to surpass US$737 Mn in 2021.

The market exhibited an imposing CAGR of over 10.0% between 2016 and 2020. Despite challenges posed by the COVID-19 outbreak, the robotic lawn mower market projected over 4.0% year-on-year growth between 2021 and 2031.

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Key Takeaways of Robotic Lawn Mower Market Study

  • In terms of segmental analysis, the sales of robotic lawn mowers are expected to remain concentrated to residential end-use; sales in the commercial segment are projected to witness hefty growth over the coming years.
  • e-Commerce growth across the globe squarely proliferates a robust outlook for manufacturers to sell their robotic lawn mowers through online channels/retail partners such as Amazon, e-bay, Alibaba, The Home Depot,.
  • Demand in the Europe-based consumer market has grown rapidly in recent years and still shows a substantial growth opportunity, as the robotic lawn mower market in the region is far from saturation.
  • GPS and Bluetooth-enabled robotic lawnmowers and wireless mobile devices are potential investment options for manufacturers. Multiple voice interaction is also being provided in upcoming connected robotic lawnmowers.

There is significant potential in the long run as far as robotic lawnmowers are concerned for lawns in commercial areas, sports fields, hotels, and parks. Thus, companies in the market are positioning themselves to enter the professional/commercial market, where requirements for technology and reliability are even higher.

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Robotic Lawn Mower Market Taxonomy

The global robotic lawn mower market is segmented to cover every aspect of the market and present complete market intelligence to the reader.

Working Area

  • Small Area (up to 0.4 acres)
  • Medium Area (0.4-0.8 acres)
  • Large Area (above 0.8 acres)

End-Use

  • Residential
  • Commercial

Sales Channel

  • Offline
  • Online

Region

  • North America
  • Latin America and the Middle East & Africa (LAMEA)
  • Europe
  • Southeast Asia & Pacific

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Robotic Lawn Mower Market: Competitive Landscape

The global robotic lawn mower market is significantly merged, with a few players holding a prominent share of nearly 50% in the market space.

Some of the key players operating in the global robotic lawn mower market are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and Robert Bosch GmbH, among others.

Moreover, to win over market imponderables and shakeouts, manufacturers such as Husqvarna, MTD, and Honda are expanding their geographic reach to South East Asia & the Pacific.

Find More Valuable Insights on Robotic Lawn Mower Market

FMI, in its new research report, offers an unbiased analysis of the global robotic lawn mower market, presenting forecast statistics between 2021 and 2031.

The report reveals insights on the robotic lawn mower market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the robotic lawn mower market value chain.

Readers can also find key trends and market growth scenarios based on working area, end-use, sales channels, and regions such as North America, LAMEA, South East Asia & Pacific, and Europe.

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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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Pulse Lavage Market Growth to Record 8.2% CAGR

As per FMI, the global pulse lavage market is estimated to reach US$ 356.9 Mn in 2022 and is predicted to grow at a CAGR of 8.2% from 2022 to cross US$ 785 Mn by 2032.

Future Market Insights, in its latest business report, elaborates on the current situation of the global Pulse Lavage market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

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Key Segments In The Pulse Lavage Market:

By Product Type:

  • Battery Powered Pulse Lavage System
  • Gas Powered Pulse Lavage System

By Reusability:

  • Disposable Pulse Lavage System
  • Reusable Pulse Lavage System
  • Semi Disposable Pulse Lavage System

By Application:

  • Orthopedic
  • Trauma
  • Wound Healing

By End User:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East and Africa

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What key insights does the Pulse Lavage market research provide?

  • Historical and current year revenue of related Pulse Lavage market players analyzed at the regional level.
  • One by one company profile of prominent stakeholders.
  • Analysis of the Pulse Lavage market size on the basis of product type and end-use type.
  • Accurate Pulse Lavage market forecast in terms of value and volume in numbers and percentages.
  • Demand prospect of each segment covered in the report.

The Pulse Lavage market research gets rid of the following queries:

  1. How the market for Pulse Lavage is expected to shape in the coming ten years?
  2. What strategies are the Pulse Lavage market vendors implementing to stay ahead of their rivals?
  3. Why are consumers shifting towards alternative Pulse Lavage products?
  4. What innovative technologies are the Pulse Lavage players using to get an edge over their rivals?
  5. What are the restraints affecting the growth of the global Pulse Lavage market?

Key Market Players:

Zimmer Biomet Holdings, Inc., Stryker Corporation, Smith & Nephew plc, LLC, Mölnlycke Health Care AB, C. R. Bard, Inc., Heraeus Holding GmbH, Corin Orthopaedics Holding Ltd, Judd Medical Limited De Soutter Medical Limited, and Atlantic Surgical Ltd. MicroAire Surgical Instruments.

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Why choose Future Market Insights?

  • Modern technologies, such as artificial intelligence, to provide updated industry trends.
  • Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective.
  • Interaction with research scientists and development heads to understand the nature of the market more precisely.
  • Three-step quality check process – Data collection, triangulation, and validation.
  • 24/7 availability of services.

About 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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Robotic Grippers Market is Projected to Total US$ 2.8 Bn by 2028 – Future Market Insights, Inc.

In 2022, sales in the robotic gripper market are anticipated to reach US$ 1.6 billion. By 2028, the market is anticipated to grow at a healthy 9.8 percent CAGR and reach US$ 2.8 billion in value.

A new market research study by Future Market Insights on the robotic gripper market contains a global industry analysis 2014-2021 and an opportunity assessment 2022-2028. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2022-2028.

As per the findings of the report, the global robotic gripper market is anticipated to experience substantial growth over the forecast period, due to multiple driving factors such as the use of smart materials for enhanced capabilities and the growing horizon of applications along with an increased number of end-use industries.

This growth has been significantly driven by an upsurge in the automotive and electronic & semiconductor industry, the introduction of a specific gripper portfolio, and a rise in robotic automation in specific regions such as East Asia.

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Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories. 

A list of Key Players Covered in the Robotic Gripper Market are:

  • SCHUNK GmbH & Co. KG
  • Soft Robotics, Inc.
  • Piab AB
  • Applied Robotics
  • ABB Limited
  • Grabit Inc.
  • Yaskawa America, Inc.
  • J. Schmalz GmbH
  • Festo AG & Co. KG
  • Onrobot

Surplus Growing Opportunities in the East Asia Market

Japan is one of the significant countries in robotic automation and is expected to show an upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in China is expected to register a high growth rate in recent years, owing to high labour costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end-use industry and regions such as Americas, EMEA (Europe, Middle East and Africa), SAP (South Asia Pacific) and East Asia.

  • Robotic gripper technology has been incessantly growing in recent years, consecutively growing the robotic gripper market. The use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market grow exponentially.
  • Concerningto application robotic gripper market is expected to show a large growth in the material handling segment as it is prominently used in the end-use industry. Followed by the general assembly segment which is projected to have a fair share in the market growth.
  • Automotive industry is one of the significant drivers of the robotic gripper market followed by the electronics and semiconductors industry. The availability of a vast gripper range that is application-specific enhances the precision and speed requirement in these industries.

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Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. A few examples of key players in the market are Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc., and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on the development of the product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to the human arm and has a wide range of payload capacity for different end-use industries to gain a greater share in the robotic gripper market.

Robotic Gripper Market by Category

By Product Type:

  • 2-Jaw Grippers
  • Angular & 3-Jaw Grippers
  • O-Ring Grippers
  • Needle Grippers
  • Vacuum Cups
  • Magnetic Grippers
  • Special Purpose Grippers
  • Others (Electrostatic, Bellow, Toggle)

By Application:

  • Material Handling
  • General Assembly
  • Inspection & Others

By End Use:

  • Automotive & Transportation
  • Electronics & Semiconductors
  • Food & Beverages
  • Chemicals & Pharmaceutical
  • Logistics
  • Healthcare
  • Others

By Region:                                                       

  • Americas
  • EMEA
  • South Asia & Pacific
  • East Asia

Competition Landscape

Leading players present in the robotic gripper market are aiming to conduct research and development activities to come up with unique electric vacuum grippers to cater to the high demand from factories across the globe. With the ongoing development of smart factories and adoption of factory automation, key players are likely to launch highly innovative products to ensure a reliable pick-and-place operation at the workplace. Meanwhile, some of the other manufacturers are planning to invest huge sums in the establishment of robust distribution networks to compete in the market.

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For instance,

  • In January 2022, researchers at Biomimetics and Dextrous Manipulation Lab at Stanford University created a robotic hand named farmHand. It is capable of handling various items, such as angle grinders, raw eggs, basketballs, jugs of liquids, plates, and even bunches of grapes. It is equipped with multi-jointed fingers that resemble a human hand and these are topped with gecko-inspired adhesives.
  • In December 2021, engineers at the National University of Singapore (NUS) developed a reconfigurable hybrid robotics system called Soft Touch inspired by the human hand. This robot hand gripper can manipulate and grip a range of different objects from delicate, soft, and small things to bulky, heavy, and large ones. This development would help those industries that rely on the dexterity of human beings, including fast-moving consumer goods packaging, vertical farming, and food assembly.

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Automotive Remote Diagnostic Market Pegged for Robust Expansion During 2028

The successful integration and development of technologies such as telematics and Internet of Things is enabling end-users and OEMs to interact with each other, for offering better services and product to ensure comfortable and safe drive. With evolving consumer needs, the industry is seeing a resurge in demand for in-vehicle diagnostic technology. Automotive remote diagnostics technology is seeing a surge in the demand owing to its increasing adoption for passenger car application. The technology enables equipped vehicles to collect, diagnose and manage data of integral system and components so as to assess car performance and report any anomaly within. Remote diagnostic system encompasses a telematics unit and a processor which is connected to in-vehicle system component sensors and ECU.

The unit mines and sorts data of each component and subsystem, relays it to a remote server or a data centre, which then either recommends a course of action or notifies the user about system failure, default and suggests preventive maintenance activities. The presence and increasing adoption of remote diagnostic vehicle products are reducing the gap within the value chain allowing the OEMs to interact directly with the end-user and offer better services.

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Automotive Remote Diagnostic Market: Market Dynamics

The thriving global sales of hybrid and electric vehicle is one of the prime factors influencing the automotive remote diagnostic market. Pivotal focus of OEMs towards integration of telematics technology is aiding in the growth of remote diagnostic equipment. One of the key markets aiding in the development and growth of the automotive remote diagnostic market is transport and logistics. Automotive remote diagnostic devices being used for the efficiency of fleet tracking, service & management, emerging markets are expected to create lucrative opportunities for manufactures during the forecast period. Additional cost of installation, and services are expected to act as a deterrent for different end-users in relatively new markets.
Automotive Remote Diagnostic Market: Segmentation

The Automotive Remote Diagnostic market can be segmented on the basis of product type, vehicle type and application

Automotive remote diagnostic market is segmented on the basis of product type as:
Diagnostic equipment
Software

On the basis of vehicle type the automotive remote diagnostic market is segmented as:
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
By application, the automotive remote diagnostic market is segmented as:
Vehicle System and Component Access
Vehicle Health Tracking & Diagnosis
Service assistance
Automotive Remote Diagnostic Market: Regional Outlook

The automotive remote diagnostic market can also be segmented on the basis of region, as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific ex. Japan, Middle East & Africa and Japan. Although the technology has existed since long, in 2015 only Western Europe and North America accounted for the major contribution in terms of revenue, with U.S spearheading the automotive remote diagnostic market followed by Germany, France, Spain and Italy. Though the market is at a nascent stage in other regions, high value growth in terms of OEM sales is anticipated to drive the automotive remote diagnostic market in APEJ, Latin America, and Middle East and Africa respectively. Sustainable demand from the proliferating automotive markets of India and China are expected to boost the revenue projection of automotive remote diagnostic market in the APEJ region.

The increasing penetration of electric and hybrid cars into the mainstream vehicle PARC is also initiating a high demand for automotive remote diagnostic equipment in Japan and other neighbouring ASEAN countries. The escalating passenger car sales in Brazil, Mexico, Argentina and Columbia is expected to create significant opportunities for the Latin America automotive remote diagnostic market. Similarly the escalating sale of light commercial and heavy commercial vehicles in the emerging automotive industry in GCC, Iran and South Africa is expected to fuel the growth of the automotive remote diagnostic market in the Middle East.
Automotive Remote Diagnostic Market: Market Participants
Examples of some of the market participants in the global automotive remote diagnostic market identified across the value chain include Robert Bosch GmbH, Continental AG, OnStar LLC, VectorInformatik, Vidiwave Ltd., Tech Mahindra Limited, Verizon Enterprise, Transics, INmatix Technology Group , ACTIA Group among other participants.
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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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Building Automation Systems Market Insights, Deep Analysis of Key Vendor in 2031

The global building automation system market is expected to grow at a 7.8 percent CAGR during the forecast period. The increasing demand for energy-efficient facilities with enhanced security systems is driving the growth of the building automation system market. Furthermore, advances in wireless communication technologies have reduced the complexity and cost of installing building automation systems in existing structures.

According to a recent market survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global building automation systems market will be worth $44.6 billion in 2021.

Rapid advancements in building automation systems, coupled with the emergence of connective technologies such as artificial intelligence, machine learning, and cloud computing will continue augmenting market growth during the forecast period. FMI projects the market to grow at a healthy 7.8% CAGR between 2021 to 2031.

After buckling the impacts of the unprecedented COVID-19 outbreak, the global building automation systems market experienced year-over-year growth by 7.0% between 2020 and 2021.

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Building automation systems allow machines and devices to communicate with one another in order to manage and streamline daily operations in the commercial, industrial, and residential sectors. BAS sales will continue to benefit from rising tenant demand for convenience and comfort in modern residential spaces.

Aside from that, the emergence of smart cities in a number of countries is increasing demand for building automation systems. These systems improve energy efficiency, water and gas supply, lighting, temperature control, and security and surveillance in both residential and commercial buildings.

“Government-backed initiatives to encourage the development of smart buildings, coupled with post-sales assistance and services offered by market players will positively shape the demand outlook in the building automation systems market,” says the FMI analyst.

Key Takeaways:

  • Building automation system services are estimated to dominate the product segment.
  • Sales of security and surveillance building automation systems will remain high through 2031.
  • Applications of building automation systems in commercial sector will continue gaining momentum.
  • The U.S. is expected to witness high demand for building automation systems, owing to expansions in the residential and commercial sector. FMI projects the North American market to grow at a positive 7.2% CAGR.
  • Growth prospects in the U.K. are projected to be bright, due to stringent government regulations regarding energy efficiency and conservation. The European building automation systems market is poised to expand at a 7.0% CAGR.
  • China will emerge as an attractive market, owing to government initiatives promoting the development of smart cities.
  • South Korea and Japan will collectively account for 7% of the total market share.

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Competitive Landscape

Honeywell International, Schneider Electric, Siemens AG, ABB, Johnson Controls, Plc, Delta Electronics, Inc., Eaton Corporation, Bosch Rexroth, Emerson, AVASGLO Group, Signellent Technologies (India) Pvt. Ltd., Comnatz Thailand Company Ltd, Deos AG, MCS Automation Technology Company Ltd., and Philips Lighting are some prominent players operating in the building automation systems market profiled by FMI.

As per FMI’s analysis, top 5 players in the building automation systems market comprise Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc, accounting for 44% of the total market share.

As per FMI’s in-depth regional analysis, the U.S. is anticipated to witness high demand for building automation systems during the assessment period. Growth in commercial sector, coupled with penetration of building automation systems in schools, universities, hospitals, and entertainment centers are estimated to fuel market growth through 2031.

Building Automation Systems Market by Category

By Product Type:

  • Hardware
  • Software
  • Services

By System Type:

  • Security & Surveillance
  • HVAC
  • Lighting Solutions
  • BEMS (Building Energy Management)

By Application Type:

  • Commercial
  • Residential
  • Government

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By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

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:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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