Market Research Blog

Global Network Function Virtualization (NFV) Market was valued at US$ 3.9 Bn in 2021 and is expected to reach US$ 7.8 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report telecommunication application will remain pivotal for the market as the bulk of revenue will be generated through this category.

It is projected that the market through telecommunication applications will account for a CAGR of 6.6% during 2022 – 2032. The recent surge in the transition to 5G network services is among the key attributes associated with the growth in revenue through telecommunication applications.

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US to Command the Larger Proportion of Network Function Virtualization Market throughout the Analysis Period

The US commands 35.9% of the market share and is expected to retain that position intact with an absolute opportunity growth of US$ 1.3 Bn to reach a valuation of US$ 2.8 Bn by 2032. By 2023, data network traffic in the U.S. would is projected to witness an extensive surge of 294.9% to reach the value of 98.6 Mn Exabytes per month.

Network Function Virtualization (NFV) Market: Competition Insights

Currently, Network Function Virtualization (NFV) manufacturers are largely aiming at adopting strategies such as mergers, acquisitions, and partnerships. They are working towards finding a balance between expanding their product portfolio and capitalizing on the growing market demand.

The key companies operating in the Network Function Virtualization (NFV) market include CommScope Holding Company Inc., Telefonaktiebolaget LM Ericsson, Comba Telecom Systems Holdings, Amphenol Corporation, Cambium Networks, Tongyu Communication Inc., Laird, Wireless Excellence Ltd., Rosenberger Group, Affirmed Networks, 6WIND, VMware Inc., A10 Networks Inc., and Allot Ltd.

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The key recent developments of Network Function Virtualization (NFV) manufacturers are as follows:

• In September 2021, the partnership between Comba Telecom Systems Holdings and Telecom Infra Project (TIP) was reinstated and deepened to aid Comba Telecom’s contribution to validating Open RAN radio product offerings, coupled with the simplification and facilitation of the service providers’ procurement processes.
• In November 2019, an expanded partnership was announced between Nokia Corporation and VMware Inc. for facilitating the easy and better efficient performance of large volume cloud computing operations. It is estimated that this development will benefit the network function virtualization (NFV) services sales for producing integrated solutions.
• In October 2019, Novel packet-optical switches for 5G Cloud RAN were launched by Nokia Corporation with the utilization of time-sensitive networking (TSN) designs.
• In October 2019, a collaboration was finalized between Telefonaktiebolaget LM Ericsson and Nvidia Corporation for aiding in its 5G radio access networks (RAN). This partnership has enabled both companies to shift their focus on the creation of technology enabling communication service operators in the establishment of virtualized 5G RANs as part of it.

Key Segments Covered In Market Survey

The Network Function Virtualization (NFV) Market is segmented based on type, polarization, diameter, frequency range, application, and region.

By Type:

• Parabolic Antenna
• Flat Panel Antenna
• Yagi Antenna

By Polarization:

• Single-polarized Antenna
• Dual-polarized Antenna

By Diameter:

• 0.2mm to 0.9mm
• 1.0mm to 3.0mm
• 3.1mm to 4.6mm

By Frequency Range:

• 1.0 GHz to 0.9 GHz
• 10.0 GHz to 29.9 GHz
• 30.0 GHz to 86.0 GHz

By Application:

• Telecommunication
• Commercial/Industrial
• Military & Defense
• Satellite
• Others

By Region:

• North America
  • The US
  • Canada
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
• The Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Nigeria
  • Egypt
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia

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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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The SCADA Alarm Management market is expected to grow at a high CAGR of 12% during 2021-2031, and is projected to reach US$ 1.5 Bn by 2031. A successful SCADA alarm notification system requires that the real-time information is to be shared with the operators in a timely manner.

The main purpose of these systems is to assist the operator in preventing or minimizing system downtime. The SCADA alarm management system is a system that pinpoints the exact cause of a problem and origin of the problem that occurs on the plant floor operations.

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What is Driving Demand for SCADA Alarm Management?

The modern pipelines and distribution systems have become more complex in nature. Today, the total length of pipelines amounts to 2.76 Mn km in more than 120 countries. In 2019 alone, pipeline projects were completed for a total mileage of 7,830 km, which is about one-fifth of the earth’s circumference.

For operators, it has become a part of the daily work procedures to manage the alarm system quality in distribution plants, to ensure that the alarm system continues to be a useful resource for safe and efficient control room operation.

However, the major challenge with the alarm system is that when one thing goes wrong, lots of other things tend to go wrong, and the operator is get confused between all the alarms altering at the same time. There has to be a better way to manage and prioritize the alarms.

An effective SCADA alarm management system is critical to ensure that the process control rooms can safely and efficiently respond to activities in all operating conditions (normal, abnormal, and emergency).

With the increasing push for the adoption of the Industrial Internet of Things (IIoT) and Industry 4.0, intelligent alarm solution is giving plant operators an opportunity to gain efficiency and effectiveness with SCADA monitoring as well as enhance critical asset reliability for boilers, chillers, compressed air and other systems. The increasing need to effectively manage alarms in process plants is expected to drive the market growth.

Higher Adoption of SCADA Systems in Oilfields

Industrial organizations across every industry manage countless production processes and transactions every day. Integration of SCADA systems into oilfield help organizations to handle the complex processes required to operate in the new and existing oilfields. These control systems provide a stable and cost-effective solution to the needs of the oil and gas sector.

Accurate, real-time data is key to succeeding in the oil and gas industry. Management operators oversee operations, inspect equipment, gather enormous amounts of data, strive to minimize downtime and ensure that everything runs smoothly and seamlessly. Management operators make use of information analyzed by SCADA systems to calculate production values, generate trends for decision-making and project company profits. Performing these duties manually is a very critical and time-consuming task.

Thus, companies turn to SCADA to oversee operations, improve efficiency and minimize downtime. On top of that, companies also rely on the SCADA alarm management system for advanced warning and alerting mechanisms, helping management create deliberate and strategic actions to mitigate damage.

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North America Demand Outlook for SCADA Alarm Management

U.S. is expected to hold the largest share in the North America SCADA alarm management market. This is attributable to factors such as increased adoption of industrial automation systems across several industries, which is fueling the growth of SCADA alarm management solutions, in this region.

Several industrial and manufacturing organizations have deployed IoT enabled SCADA systems in their manufacturing plant to automate their industrial processes. The country has always been at the forefront in terms of technological advancements, and their adoption in the industrial sector is not an exception.

China Demand Outlook for SCADA Alarm Management

China is among the major industrial areas in the world. The implementation of SCADA systems is vital as China looks to meet growing energy demand within huge geographical boundaries. The country is also set to be a huge market for smart grids, the development of which will impact on the implementation of SCADA systems in the future.

Who are the Key SCADA Alarm Management Solution Vendors?

Some of the leading vendors offering SCADA alarm management products include

• ABB Group
• MAPS SCADA
• Operation Technology, Inc.
• Trihedral Engineering Limited, Inductive Automation
• EXELE Information Systems, Inc.
• National Response Center (NRC)
• Schneider Electric
• Emerson
• Rockwell Automation
• Siemens

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Key Segments of SCADA Alarm Management Market

By Solution:

• SCADA Alarm Management Software
• Services
  • Security Consulting
  • Integration Services
  • Support & Maintenance

By End Users:

• Utilities
• Power Grids
• Mining
• Oil & Gas
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & 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 10-years.

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The Optocouplers market is expected to grow at a CAGR of approximately 9% during 2021-2031, and is projected to reach nearly US$ 6 Bn by 2031. An optocoupler is a passive optical component that can split or combine optical power/transmission data from optical fibers.

The key role of an optocoupler is to avert high or dynamic voltages on one side of a circuit from damaging components or distorting transmissions, through the other side of the circuit. The rapid advancement in the automotive and industrial applications is expected to propel optocouplers sales, during the forecast period.

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What is Driving the Demand for Optocouplers?

Growing adoption of optical wireless distribution antenna system (DAS) coupled with shifting of network operators towards DS from cellular network are estimated to positively impact the demand for optocouplers. Furthermore, increasing sale of hybrid electric vehicles along with increasing demand from end use industries such as industrial and communication sectors are likely to augment the sales of optocouplers.

Also, rising investments by significant industrialists in communication industry is likely to flourish the optocouplers demand.

In addition, new isolation technologies are giving rise to lead free, extreme operation temperature, and enclosed optocouplers which are majorly being used in the navy, aerospace, and military sector. For instance, communication sector have incorporated a wide range of engineered optocouplers such as high speed and low current isolation amplifier optocouplers.

Emergence of Hybrid Electric Vehicles Impacting Optocouplers Demand

Inside hybrid-electric vehicles, optocouplers are used to insulate high voltages and isolate unwanted signals. Also, isolation voltage and high CMR performance are majorly preferred in inverters that powers electric motors. Optocouplers help isolate unwanted signals and insulate high voltages in the electric drives powering next-generation hybrid electric vehicles.

The electrical system on hybrids can handle power levels into the kilowatt range or higher and easily reach several hundred volts, as it powers traction motors.

Moreover, worldwide electrification of transportation process continues its fast speed through recent years. According to International Energy Agency (IEA), the global electric vehicles on the road reach more than 10 million in 2020. Thus, the need for integration of highly efficient optocouplers in EV charging stations is projected to boost the demand in the coming years.

In addition, rapid adoption of optocouplers in electric vehicles and hybrid electric power trains is expected to profiler the adoption of optocouplers in the near future.

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US Demand Outlook for Optocouplers

The future of the optocouplers in United States looks attractive with lucrative opportunities in the consumer electronics, industrial, automotive, and telecommunication industries. The factors driving the optocouplers sales in the US are increasing global internet traffic, growth in factory automation systems and equipment, and swelling demand for electric and hybrid vehicles.

Additionally, advancement in optocouplers for a wider temperature range with superior electrical characteristics, increasing usage in electric vehicle (EV) charging stations, and increasing demand in the smart meter systems have emerged as growing trends having direct impact on the dynamics of the optocoupler industry.

Also, the unique characteristics of optocouplers, together with their growing significance in multi-channel and bi-directional applications, are anticipated to boost sales. Manufacturers in the US can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times and supply-lead-times.

East Asia & South Asia Pacific Demand Outlook for Optocouplers

East Asia is also one of the major contributors to the smart energy-efficient products and global automotive sector. China have emerged as one of the major influencing factors in the region, owing to its strong foothold in the global semiconductor market.

The ever-rising demand for efficient optoelectronic components in the industrial sector, coupled with substantial investments in the semiconductor industry is estimated to bolster the sales of optocouplers in the region. Moreover, government initiatives encouraging the growth of local semiconductor market are projected to attract new players into the market.

For instance, the Chinese government raised around US$ 23 – 30 Bn to pay for the second phase of its National IC Investment Fund.

Who are the Key Optocouplers Vendors?

Some of the leading vendors offering optocoupler products include

• Broadcom Inc.
• Toshiba Electronic Devices & Storage Corporation
• Vishay Intertechnology Inc.
• Senba Sensing Technology Co. Ltd
• Shenzhen Kento Electronic Co. Ltd
• Renesas Electronics Corporation
• Everlight Electronics
• Toshiba Corp.
• Panasonic Corporation, and others.

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Key Segments

By Product Type:

• Transistor Output Optocouplers
• IC Output Optocouplers
• Motor Drive Optocouplers
• Others

By End Use Industry:

• Consumer Electronics
• Automotive
• Communication
• Industrial
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & 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 10-years.

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Future Market Insights,
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Multi-Cloud SDN (FMC) market is expected to grow at a high CAGR of 12% during 2021-2031, and is projected to reach US$ 15 Bn by 2031. A multi-cloud SDN approach enable users to make seamless cloud-to-cloud connections over a low-latency direct connection that bypasses the public internet for offering enhanced security. SDN architectures make it much easier to build a functional multi-cloud environment through a single platform.

What is Driving Demand for Multi-Cloud SDN?

As organizations are continuously focusing towards scaling their hybrid cloud environments, it has become very critical to leverage solutions that help improve productivity and processes. Since, the inception of SDN, the technology has got more attention among enterprises. As more organizations have adopted hybrid cloud and tasked their network engineers with figuring out the basics of connectivity, reliability, and security.

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As SDN platforms are enhanced to support multi-cloud environments, the platforms are being used to mitigate the inherent complexity of establishing and maintaining network and security policies across hybrid IT landscapes.

Also, the platform delivers better application experience, reduce security risks and lower operations cost for multi-cloud applications. Thus, the benefits of cost-effectiveness, high scalability, and reliability offered by multi-cloud SDN is expected to propel the market growth in coming years.

Increasing Adoption SDN in Cloud Computing Services

Software-Defined Networking (SDN) and cloud computing complement each other and enable new visibility and control over the networks. SDNs became even more valuable, when it became possible to integrate the architecture easily with cloud-based environments. The convergence of both the technologies let users to respond quickly to changes. SDN manages network configuration more efficient and improves network performance and monitoring.

SDNs have become integral to cloud-based IT infrastructure. Both enterprises and public cloud providers have started leveraging SDNs in their cloud environments, as applications can self-define the network requirements directly from the application itself. Thus, the network can support hundreds of configurations and be optimized for specific workloads 100% of the time.

Today, SDN architecture can better understand the cloud environment it operates in. That enables new kinds of flexibility, speed, and innovation. In fact, big players present in the SDN market like Cisco, Juniper and VMware have all made moves to tie together enterprise data center and cloud worlds.

US & Canada Demand Outlook for Multi-Cloud SDN

When it comes to cloud computing adoption, U.S. is the most mature market. This is due to the early adoption of cloud based networks by the U.S. markets.  Organizations in both the countries have taken high level of initiatives towards adoption of latest digital technologies.

The high internet penetration, coupled with initiatives from government agencies moving partially to the cloud to improve information services would also drive the growth of multi-cloud SDN technologies in the U.S. & Canada.

U.S. is expected to hold the largest share in the North America Multi-Cloud SDN market. The country has always been at the forefront in terms of technological development. Moreover, U.S. is home to multiple multi-cloud SDN solution vendors, such as Cisco Systems, Oracle, Juniper Networks, Fortinet, Ciena Corporation, HPE, Dell and among others.

These companies are targeting higher revenue and business expansions due to high competition and demand prevailing across the region.

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China Adoption Outlook for Multi-Cloud SDN

China is the world’s second-largest cloud computing market. The market is prominently occupied by Alibaba Cloud. Alibaba is the largest provider of cloud services in China. The company is the fourth largest global Infrastructure-as-a-Service provider following AWS, Azure, and Google Cloud Platform.

The integration of cloud computing services in for industrial transformation is one of the most prominent trends, in China. It is estimated that in China, the cloud computing industry has been growing around to 25-30% each year, from last five years, and the trend will likely continue into the near future.

Moreover, enterprises in China are adopting the latest technologies to sustain in the global market competition. Government policies in China are also promoting the adoption of cloud services in multiple sectors. These factors are expected to propel the growth of multi-cloud SDN market in China.

Who are the Key Multi-Cloud SDN Vendors?

Some of the leading vendors offering Multi-Cloud SDN products include

• AWS
• VMware
• Microsoft
• HPE
• Dell
• Oracle
• IBM
• Nutanix
• Cisco

Key Segments of Multi-Cloud SDN Market

By Deployment Models:

• Public Cloud
• Private Cloud
• Hybrid Cloud

By Enterprise Size:

• Small and Mid-Sized Enterprises (SMEs)
• Large Enterprises

By Industry:

• IT and Telecommunications
• Manufacturing
• Transportation and Logistics
• Defense and Government
• BFSI
• Healthcare
• Retail
• Energy and Utilities
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & 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 10-years.

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Future Market Insights,
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In 2022, the global smart sensor market is expected to be worth approximately US$ 37.6 billion. However, with increasing adoption of smart sensors across diverse end-use verticals such as consumer electronics, automotive, security & defence, and healthcare, overall sales of smart sensors are expected to rise at a rapid CAGR of around 19.2 percent between 2022 and 2032, totaling more than US$ 88 billion by 2032.

Smart sensors are also called as intelligent sensors, it is a combination of sensor and interfering circuit. Smart sensors are basically used for digital processing i.e. for analog to digital conversion and it can be used across various industries such as consumer electronics, automotive, industrial, medical, security & defence and entertainment because of increasing use of sensing element and process controls in this sectors. Smart sensors are also used for various activities like decision making, it helps in two-way communication and logic function.

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Smart sensors offers various advantages such as high performance, high reliability, smaller in size, low power consumption, wireless, easy to design & maintain, and required minimal interconnecting cables. Disadvantages of smart sensor can be it is more complex as compare to traditional sensors as it consist of both sensor and interfering circuit which ultimately increases the cost of sensor and external processor is required for managing sensor calibration. Though disadvantages are there, advantages outweigh it.

Smart Sensor Market: Drivers and Restraints

Smart sensor market is expected to grow in coming years due to increase in demands of consumer electronics and automobiles. Use of smart sensors are also increasing in smartphones and computer devices with touch screen display.

Drivers responsible for the growth of smart sensor markets are technological advancement, increasing use of smart sensors in various industries like logistic, defence and healthcare, increasing demand of wireless smart sensor and energy saving functions of smart sensors. Increased terrorism activity and security issues further highlighting the importance of smart sensor in counter terrorism applications.

On the other hand lack of privacy, complex structure, high replacement as well as deployment cost and lack of customization act as a restraining factor for smart sensor market. Market growth opportunity for smart sensor technology is that, it will be used more effectively in biomedical and health care sector and also use of smart sensor in wearable devices expand the scope of application.

Smart Sensor Market: Key Players

Key players into global smart sensor market are ABB LTD., Customer Sensor & Technologies Inc., Analog Devices Inc., Eaton Corporation Plc., Honeywell International, Inc., NXP Semiconductors, Infineon Technologies AG and Emerson Process Management. Key players are spending heavily on their research and development activity in order to launch new products for better market coverage.

For example ABB LTD. launched new generation fibre optic current sensors for high voltage application. Analog Devices Inc. introduces fully integrated industrial smart sensor ADuCM360 which helped in delivery highest accuracy analog conversions to industrial sector.

Global smart sensor market is showing lucrative growth for coming years with increasing application of smart sensors into various industries, technological advancement in end-user segment, and acceptance of advanced technology like Micro- Electromechanical System and Optical spectroscopy, which creates great opportunity for market players for growth.

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The report covers exhaustive analysis on:

• Smart Sensor Market Segments
• Smart Sensor Market Dynamics
• Historical Actual Market Size, 2012 – 2014
• Smart Sensor Market Size & Forecast 2015 to 2025
• Supply & Demand Value Chain
• Smart Sensor Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Smart Sensor Market Drivers and Restraints

Key Segments Profiled in the Smart Sensor Industry Survey

By Type:

• Touch Sensors
• Flow Sensors
• Smart Temperature Sensor
• Smart Position Sensor
• Turbidity Sensor

By Application:

• Consumer Electronics
• Industrial
• Automobiles
• Medical
• Avionics
• Food and Beverages

Regional analysis for Smart Sensor Market includes

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

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Smart Sensor Market Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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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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The market for NFC reader ICs was valued at about US$ 18 billion globally in 2021, and it is anticipated to reach US$ 50 billion by 2032. Additionally, due to growing demand for NFC reader ICs from a variety of industries, including BFSI, healthcare, and media & entertainment, the global market for NFC reader ICs is expected to grow at an excellent CAGR of 14.5 percent between 2022 and 2032.

The high preference for payment applications over card transactions has resulted in the emergence of the Near Field Communication or NFC technology. NFC reader ICs are the most important components for the effective functioning of the NFC technology. They are the active components in NFC transactions and can interact with NFC phones, read & write cards and tags, and enable communication between devices.

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NFC Reader ICs Market: Drivers and Challenges

One of the major factors driving the NFC reader ICs market is the speedy and secure sharing of data. As the efficiency of FC reader ICs is increasing, the speed and security-related parameters of the NFC technology is also improving. This has increased the market for NFC and has been a major driver of the NFC reader ICs market for the usage of these components in different applications. Another driver of the NFC reader ICs market has been the increasing penetration of smartphones. Smartphones have become an important part of the lifestyle of consumers, and NFC can be enabled in these devices with the integration of NFC reader ICs. Hence, an increase in the penetration of the smartphones market in different regions is proportionally boosting the NFC reader ICs markets in the same regions.

However, the availability of alternatives of NFC reader ICs in the market is among the factors restraining the market. Some of the alternatives of NFC reader ICs are UPI systems in India and mobile wallets, which offer better security as well a lower cost as compared to the NFC technology, and this is likely to hamper the growth of NFCs and ultimately restrain the growth of the NFC reader ICs market.

NFC Reader ICs Market: Key Players

• STMicroelectronics
• NXP Semiconductors
• Texas Instruments Incorporated
• Broadcom Inc.
• Qualcomm Inc.
• Marvell Technology Group Ltd.
• Mstar Semiconductor Inc.

NFC Reader ICs Market: Regional Overview

On the basis of geography, the NFC reader ICs market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA & other APAC, Japan and Middle East & Africa. Among various regions, the Western Europe NFC reader ICs market has been a prominent market in terms of value, followed by the U.K. and Germany. Moreover, the NFC reader ICs market in North America is expected to be growing at the fastest rate due to an increase in the number of users of smartphones that are enabled with NFC reader ICs in the region. The NFC reader ICs market in Western Europe and North America is expected to be followed by the China and Japan NFC reader ICs markets.

Since the maximum number of manufacturers of NFC reader ICs are based in North America and Western Europe, the NFC reader ICs market is expected to gain traction in these regions throughout the forecast period. This can be attributed to the low presence or absence of manufacturers of the same in other regions. The NFC reader ICs market in North America and Western Europe is expected to account for more than 50% of the total NFC reader ICs market.

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The report covers exhaustive analysis on:

• NFC Reader ICs Market Segments
• NFC Reader ICs Market Dynamics
• Historical Actual Market Size, 2012 – 2016
• NFC Reader ICs Market Size & Forecast 2017 To 2027
• Supply & Demand Value Chain
• NFC Reader ICs Market Current Trends/Issues/Challenges
• Competition & Companies involved
• NFC Reader ICs Market Value Chain
• NFC Reader ICs Market Drivers and Restraints

Regional analysis for NFC Reader ICs Market includes

• North America Market
• Latin America Market
• Western Europe Market
• Eastern Europe Market
• SEA and other APAC
• Japan
• China
• Middle East and Africa Market

Key Segments Profiled in the NFC Reader ICs Industry Survey

By NFC Functionality:

• Full NFC
• ISO/IEC 15693
• ISO/IEC 14443 Type A
• ISO/IEC 14443 Type A+B

By Host Interface:

• I2C and SPI
• SPI
• UART, I2C and SPI
• USB and UART

By Application:

• Access
• Consumer
• Metering
• Payment
• Gaming

By End User:

• BFSI
• Media & Entertainment
• Hospitality
• Healthcare
• Others

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The global GigE camera market is anticipated to develop at a CAGR of 9.1% from 2022 to 2032, reaching US$ 5.8 billion. In 2022, its estimated worth will be US$ 3.5 billion. Sales of GigE cameras are expected to increase in the coming years as a result of these cameras’ capacity to transport data swiftly during certain tasks that call for the use of numerous cameras.

GigE Camera or Gigabit Ethernet Camera is the image camera which has an ability to interface with computer system using GigE port. GigE cameras are based on GigE vision standards developed specifically for cameras which transmit images over gigabit Ethernet. GigE cameras have ability to transfer data up to 1000MB/s which makes it favourable for many demanding applications. GigE cameras are predominantly used for applications which requires high rate of data transfer through long cable distances.

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GigE Camera Market: Drivers & Restraints

GigE camera market is expected to show significant growth during the period of forecast. Factors which are driving the growth of global GigE camera market are fast data transfer speed, decreasing development cost and efficient video transmission with easier configuration options. On the other hand, increased CPU load and necessity of universal driver for interoperability are the restraints for the growth of global GigE camera market. However, adoption of 3D vision technologies and move towards smart camera based system creates great opportunity for global GigE camera market

GigE Camera Market: Region wise outlook

By region, the global GigE camera market can be segmented into seven regions namely, North America , Latin America, Asia-Pacific excluding Japan, Western Europe, Japan as a separate region, Eastern Europe and Middle East & Africa. Out of all this regions, present global GigE camera market is dominated by North America region in terms of value.

In North America region, non-manufacturing applications of GigE cameras such as security & surveillance, intelligent transportation and medical imaging are dominating. It is mainly because of high infrastructural development and high adoption of advanced technology. On the other hand Asia Pacific region is estimated to grow rapidly during the period of forecast.

GigE Camera Market: Key Players

• Toshiba Corporation
• Allied Vision Technologies GmbH
• Sony Corporation
• Basler AG
• Teledyne DALSA Inc.
• Baumer
• Qualitas Technologies
• IMPERX, Inc.

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Key Segments Profiled in the GigE Camera Industry Survey

By Technology:

• Complementary Metal- Oxide – Semiconductor (CMOS)
• Charge Coupled Device (CCD)

By Type:

• Line Scan
• Area Scan

By Color Sensor Type:

• Color
• Monochrome

By End User:

• Military and Defense
• Industrial
• Pharmaceutical
• Traffic, Security & Surveillance
• Medical/Life Sciences
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

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The global 3D sensor market is expected to reach US$ 2.5 billion in 2022. The overall market is expected to grow at a CAGR of more than 26.0 percent, reaching around US$ 9.0 billion by 2032. The market is expected to be driven by the increasing adoption of 3D sensors across various industries such as automotive and media & entertainment.

3D sensor is an extension of existing well established sensor market. 3D sensing is considered as one of the dynamic technology which is suitable for various applications such as healthcare, automotive, consumer electronics, industrial robotics, and security & surveillance etc. Electronics industry has strong potential for 3D sensor due to increasing acceptance of gesture applications and efficient product handling across different industrial verticals. Global 3D sensor market involves latest technologies and holds great potential in near future. The 3D sensor technology has major role in growth of semiconductor industry because of its attractive features such as cost effectiveness, greater reliability and high efficiency

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The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the 3D Sensor market in the upcoming decade.

According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the 3D Sensor market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the 3D Sensor market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on 3D Sensor Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid 3D Sensor market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the 3D Sensor market.

Market Competition

Some of the key participants present in the global 3D sensor market include Infineon Technologies AG, Cognex Corporation, LMI Technologies Inc., SOFTIKINETIC, Optima S.A., ifm Efector, Inc., Occipital, Inc., ASUSTeK Computer Inc. and Panasonic Corporation among others.

The global 3D sensors market is highly competitive in nature with leading market players constantly upgrading their product portfolios. They are aiming at developing innovative solutions that can even penetrate through sold obstacles like walls.

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3D Sensor Market: Drivers and Restraints

Global 3D sensor market is expected to witness lucrative growth during the forecast period. Factors which are driving the growth of global 3D sensor market are advancement into sensor technology due to constant R&D activity, increasing demand of 3D sensor equipped consumer electronics devices, growing consumer acceptance of wearable electronic devices, increasing demand of 3D sensing games and rising need of advanced security and surveillance camera. On the other hand, few factors are restraining the growth of global 3D sensor market such as lack of product differentiation, heavy maintenance cost and limited manufacturing excellence. However due to various market opportunities such as developing retail and media applications and integration of nanotechnology with 3D sensors in a range of application is expected to boost the global 3D sensor market.

Key Segments Profiled in the 3D Sensor Industry Survey

Product Type:

• Position Sensors
• Pressure Sensors
• Image Sensors
• Temperature Sensors
• Others

Technology:

• Structured Light
• Ultrasound
• Stereo Vision
• Time of Flight Technology

Application:

• Consumer Electronic Application
• Medical Application
• Automotive application
• Industrial Application
• Media & Entertainment Application
• Aerospace & Defence Application
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & 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 10-years.

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The global near field communication (NFC) market is expected to generate an absolute dollar opportunity of US$ 19 billion by the end of 2022. NFC sales are expected to reach US$ 44.7 billion by 2032, growing at a CAGR of 15% between 2022 and 2032. The market is expected to be driven by increased application in the automotive and contactless payment sectors.

NFC is a wireless technology that is used for short-range wireless communication techniques that allow devices to share information within a 4cm radius. NFC technology enables the exchange of small data payloads or the establishment of a connection between two Android-powered devices or between an NFC tag and an Android-powered device.

Near Field communication (NFC) is a wireless communication technology. NFC is a short range communication technique that allows devices to share information. NFC has emerged as an effective alternative to other short range communication technologies, such as Bluetooth and WiFi. In NFC technology, radio communication is established between devices by touching them simultaneously or by bringing them into proximity. Market share of NFC technology is growing rapidly because of increasing adoption of this technology into smartphones and smart cameras.

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NFC Market Dynamics

NFC technology is gaining popularity because of its various advantages such as safety, versatility and convenience. NFC is much more secure for transaction than other techniques as it requires PIN and does not provide physical access of your credit card information to retailers. Versatility refers to a wide range of industrial applications of NFC. NFC is very convenient as it is easy to use and NFC enabled devices can be carried anywhere without much hassle. As stated earlier, NFC technology has wide range of application, such as contactless payments, information sharing, information reading from smart posters and also for providing authentication of information whenever required.

Global Near Field Communication (NFC) market share is expected to grow rapidly in the near future. Factors which are driving the growth of NFC market are increasing deployment of NFC in the booming smartphones and smart camera market, increase in contactless payments, improved user experience and reduction in size and cost of semiconductor chips. On the other hand, factors which are restraining the growth of NFC market are security concerns due to hacking of smartphones, PCs or tablets etc. devices, short range communication, strong competition to NFC from alternative payments methods, high development cost, and lack of consumer awareness about potential benefits of NFC technology. NFC technology is anticipated to be used in a host of applications in the future due to the increasing demand of online and in store payments in retail store, increasing demand of connectivity between devices for information and data sharing.

Impact of COVID-19 on Near Field Communication (NFC) Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Near Field Communication (NFC) Market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

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Market Competition

Some of the leading players in the near field communication market are Gemalto N.V., DeviceFidelity, Inc., Visa Inc., Broadcom, Inc., STMicroelectronics N.V., Toshiba Corp., Samsung Electronics Co. Ltd., Identive Group, Inc., NXP Semiconductor, Infineon Technology, and On Track Innovation Ltd.

Attributed to the presence of such high number of participants and growing research and developments (R&D) activities for innovation in NFC technology, the market is highly competitive.

Key Segments Profiled in the NFC Market Survey

By Product Type:

• Non-Auxiliary Products
• Auxiliary Products

By Application:

• Contactless Payment
• Data Sharing
• Infotainment
• Access Control and Authentication
• Medical & Healthcare
• Transportation

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• 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 10-years.

Contact Us:
Future Market Insights,
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