Wood Charcoal Market Key Players, End User, Demand and Consumption by 2030

A recent report by Future Market Insights (FMI) states that global sales of wood charcoal will value around US$ 20 Bn in 2020. Substantial demand will come from residential sector, especially in developing regions of Asia Pacific, Africa and South America wherein over 2 billion people rely on wood energy for cooking and heating purposes. The study further reveals that cooking and heating in private households make up for about a third of worldwide renewable energy consumption

While emergence of alternative energy sources is hampering market growth, demand from chemical industry for production of chemicals – carbon disulfide, sodium cyanide, and carbon tetrachloride – is reflecting remunerative opportunities.

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Key Highlights

  • Charcoal lumps continue to generate greater revenue through 2030
  • Fuel feedstock to remain primary application area of wood charcoal
  • Adoption of wood charcoal in residential sector to remain over decade ahead
  • Hardwood to account for leading revenue share, tentative to 80%
  • Markets in Latin America and South Asia to offer potential growth avenues

“Food prepared from barbeque charcoal (BBQ) grills offer various benefits such as less oil usage, nutritionally rich food, and low fat. As consumers are following stay-at-home orders, at-home consumption is surging and consumers are showing greater interest for indoor grilling. The trend is well-established in developed regions, in particular,” says analyst at FMI.

COVID-19 Impact on Wood Charcoal Market

While the global wood charcoal market has been facing significant brunt of the COVID-19 pandemic in Q1 and Q2 of 2020 due to trade restrictions, lockdowns, and travels bans, resulting in subsequent drop in demand from several end-use industries such as chemicals, metal and metallurgy, and water treatment plants.

That being said, gradual easing of pandemic-induced restrictions across continents are setting high hopes for wood charcoal manufacturers as these end-use industries are getting back on track.

While the global chemical production declined in every category through Q1 2020, production eventually showed positive signs during Q2 2020, despite negative growth in some categories.

Moving ahead, as the COVID-19 pandemic continues to rage across the globe, governments and organizations are laying greater emphasis on treating wastewater as essential public service to minimize potential impacts on health and surroundings. This, in turn, will further accent the need for wood charcoal wastewater treatment plants.

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Wood Charcoal Market – Competitive Intelligence

The global wood charcoal market is highly competitive, with presence of several players competing with each other to capture bigger revenue share. Majority of leading players are allocating huge investments in R&D to roll out innovative offerings that help step up production efficacy and thus improve their regional presence. Case in point,

  • Greencoal Namibia CC produces pure hardwood lump charcoal made from 100% natural Blackthorn wood. The charcoal offers enhanced lighting characteristics, reduced ash production, and amazing hardwood aroma.
  • Kingsford Products Company develops professional briquettes made with 100% natural ingredients and premium wood char to assure professional-quality results. These briquettes offer better burn and feature low ash formula.
  • Royal Oak Enterprises manufactures pure natural hardwood charcoal briquettes derived from wood, vegetable starch, and contain no additional substances.

Wood Charcoal Market – Key Segment

Wood Type

  • Softwood
  • Hardwood

Product Type

  • Charcoal Lump
  • Charcoal Briquettes
  • Charcoal Powder

Application

  • Fuel Feedstock
  • Reducing Agent
  • Filtration Agent & Gas Masking
  • Decolorizing Agent
  • Gas Masking
  • Sketches & Paints
  • Soil Conditioning
  • Gunpowder
  • Others

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To Know More About Wood Charcoal Market:

A new market research report published by Future Market Insights (FMI) on the global wood charcoal market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the wood charcoal market through five different segments – product type, wood type, end use, application and region. The wood charcoal market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of wood charcoal and product adoption across several end-use industries.

 

Programmatic Display Market : Latest Innovations, Drivers and Industry Key Events Over 2027

The global programmatic display market is expected to register a global CAGR of 35.5% during 2017 – 2027, with North America, Western Europe, and APEJ accounting for significant market value shares by the end of the forecast period.

FMI delivers key insights on the global programmatic display market in its report titled “Programmatic Display Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027.” Growth in the market value of the global programmatic display market will remain attractive as the market is expected to grow continuously at a CAGR of 35.5% in terms of value during the forecast period 2017 – 2027.

On the basis of ad format, the mobile video segment is expected to register attractive growth during the forecast period in the global programmatic display market. On the basis of sales channel, the private marketplaces segment of the programmatic display market is expected to register attractive growth during the forecast period.

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Analysis of the Global Programmatic Display Market

The global annual revenue generated by the programmatic display market was valued at US$ 21,829.3 Mn by the end of 2017, which is expected to grow at a steady pace over the coming years. The developed economies of North America, Western Europe and APEJ are expected to collectively account for a majority share of the global programmatic display market. The North America programmatic display, Western Europe programmatic display, and APEJ programmatic display markets are likely to dominate the global programmatic display market over the forecast period. Among these, the APEJ market is expected to grow with the highest CAGR during the forecast period.

programmatic display market sector region wise plc position and notable trends 2021 2031

Dynamics Impacting the Global Programmatic Display Market

Since past few years, the adoption of programmatic displays has been increasing considerably, especially with reference to the mobile video segment. Almost every industry sector in developed countries is moving towards digitalisation through the adoption of digital technologies and devices for innovation in business processes & revenue-producing opportunities for programmatic displays. Moreover, the adoption of digital devices by clients and their customers to share data with one another is creating avenues for the sales of programmatic displays, which is boosting the programmatic display market.

The private marketplaces segment in the programmatic display market is expected to grow significantly during the forecast period. Opportunities in the programmatic display market are growing continuously, which can be majorly attributed to an increase in the adoption of Video on Demand (VoD), which includes Netflix, Amazon Prime Video and TV catch up services. These platforms are boosting opportunities for brands to digitally advertise videos, and this is positively impacting the programmatic display market.

Global Programmatic Display Market: Key Insights

On the basis of FMI analysis, the mobile video sub-segment of the ad format segment is expected to dominate the programmatic display market followed by the online video segment during the forecast years. On the basis of sales channel, the Real-Time Bidding (RTB) segment is expected to be a dominating segment in the global programmatic display market.

The North America programmatic display market is expected to dominate the global programmatic display market due to high growth in the overall revenues generated from the mobile video segment. Almost every industry sector in the North America region is moving towards digitalisation through the adoption of digital technologies and devices to share data with one another, which is creating a platform for programmatic displays. This is also propelling the programmatic display market in North America. The APEJ programmatic display market is expected to be a target market for market participants owing to the high growth opportunities in countries such as India and China. Increase in the Internet usage and the surging adoption of smartphones in the region is boosting connectivity across the world and contributing to economic as well as social progress, and these factors are driving the programmatic display market in APEJ. The programmatic display market in Western Europe has high potential. Social media advertising is a significant driver of programmatic displays in the region. Social media marketers are running more effective campaigns through automated buying and by reaching a precise audience with highly relevant messages, which is positively impacting the European programmatic display market during the forecast period.

Earlier, programmatic displays were only available via open marketplaces and real-time bidding for display ads. However, nowadays, programmatic displays also include direct publisher relationships and partnerships with platforms such as Facebook. According to FMI analysis, the integration of advanced technologies, along with the enhancement of functionality will help boost the revenue generated by the programmatic display market. Examples of some of the key participants in the global programmatic display market report are AppNexus Inc., AOL Inc., Yahoo! Inc., DataXu Inc., Adroll.com, Google Inc. (Doubleclick), Adobe Systems Incorporated, Rubicon Project Inc., Rocket Fuel Inc. and MediaMath Inc.

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Vendors are continuously innovating their programmatic display solutions to penetrate the technology-influenced market. Several vendors in the programmatic display market are focussing on partnerships on a global level to expand their businesses and increase their customer base. Some of these deals are listed below:

  • Among the key players in the programmatic display market, Appnexus Inc. is focused on entering into acquisitions and partnerships to increase its market share. AppNexus Inc. offers the industry’s leading technology system for managing supply as well as demand partners. With reference to programmatic display, all the major ad exchanges, ad networks, DSPs, SSPs, publishers and advertisers are plugged into the AppNexus platform.
  • In September 2016, Alma Media, a media and service company based in Finland, partnered with AppNexus to use the AppNexus Publisher Suite. This technology partnership with reference to programmatic display aided AppNexus to enhance its presence in the Nordics and Northern Europe markets and increase its customer base.
  • AOL is focussing on increasing its investments in programmatic display as most of the advertisements are currently purchased programmatically in digital advertising. This is boosting the company’s revenue. In July 2016, AOL invested US$ 500 Mn in programmatic display TV advertising to build and innovate TV advertising as well as to aggregate and sell ad blocks across multiple networks that target specific audiences.
Photo of anamika anamikaJanuary 7, 2022

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On-Shelf Availability Solution Market Size, Share, Future Roadmap, Technological Innovations & Growth Forecast To 2028

The global on-shelf availability solutions market is expected to grow from US$ 2,486.9 Mn in 2018 to US$ 6,028.3 Mn by 2028 at a CAGR of 9.3% in terms of revenue during the forecast period (2018-2028). In this report, the global on-shelf availability solutions market is tracked in terms of value, and is calibrated to obtain the market revenue estimates of on-shelf availability solutions & services.

On-shelf availability solutions are the technological tools that help retailers maintain, analyse and monitor the availability of various products in their store. On-shelf availability solutions are generally based on RFID technology & Internet of Things (IoT) sensors, and help in inventory management by monitoring the status of inventory and supply chain. On-shelf availability solutions help reduce out-of-stock situations by identifying potential issues and help in quickly resolving them to improve the overall profit margins.

Increasing technological advancements in the retail sector, increasing collaborations between retailers & suppliers, accurate demand opportunity assessment and the rising need for business automation are some of the major factors fuelling the growth of the on-shelf availability solutions market. However, the risk of unauthorized access to data, higher deployment cost and operating in a dynamic environment are some of the major challenges that are hampering the growth of the on-shelf availability solutions market.

To understand and assess the demand and opportunities in the on-shelf availability solutions market, the on-shelf availability solutions market report is categorically split into five major sections: on-shelf availability solutions market analysis – by component, by deployment type, by application, by end user and by region.

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On the basis of component, the on-shelf availability solutions market is segmented into software and services. The software segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period with a market share of 75.0% and 75.7% in 2018 and 2028 respectively.

On the basis of deployment type, the on-shelf availability solutions market is segmented into on-premise and SaaS segments. The on-premise segment of the on-shelf availability solutions market is expected to dominate the market for the maximum duration of the forecast period owing to the high CAGR associated with it. The SaaS segment of the on-shelf availability solutions market is expected to grow from US$ 729.7 Mn in 2018 to US$ 2,210.0 Mn in 2028.

On the basis of application, the on-shelf availability solutions market is segmented into historical data analysis, response time analysis, vendor pattern analysis, potential risk analysis and others. The response time analysis application segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period and enjoy a market share of 27.6% % and 31.5% in 2018 and 2028 respectively.

On the basis of end user, the on-shelf availability solutions market is segmented into Consumer Packaged Goods (CPG) manufacturers, retailers, online retailers, suppliers, warehouses and others. The supplier end user segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period owing to the high CAGR associated with it. The CPG manufacturer end-user segment of the on-shelf availability solutions market is expected to grow from US$ 725.0 Mn in 2018 to US$ 1,811.1 Mn in 2028.

The section on-shelf availability solutions market analysis by region includes an in-depth country-level analysis of all global regions, namely North America, Latin America, Western Europe, Eastern Europe, SEA and Others in Asia Pacific, Japan, China and MEA, by component, by deployment type, by application, by end-user & by country, and provides market data in terms of value for 2018-2028. In 2017, the market in North America dominated the overall global on-shelf availability solutions market, and it is also the fastest-growing region in the on-shelf availability solutions market.

The key players reported in this study on the global on-shelf availability solutions market are Panasonic Corporation; International Business Machines Corporation; SAP SE; Impinj, Inc.; MindTree Ltd.; Retail Solutions Inc.; Retail Velocity; Market6, Inc.; Lokad; Verix; Frontier Field Marketing; NEOGRID; eBest IOT and Enterra Solutions LLC.

Key Segments Covered

By on-shelf availability solutions by component

  • Software
  • Service

By on-shelf availability solutions by deployment type

  • On-premise
  • SaaS

By on-shelf availability solutions by application

  • Historical Data Analysis
  • Response Time Analysis
  • Vendor Pattern Analysis
  • Potential Risk Analysis
  • Others

By on-shelf availability solutions by end user

  • CPG Manufacturers
  • Retailers
  • Online Retailers
  • Suppliers
  • Warehouses
  • Others

Key Regions Covered

  • North America on-shelf availability solutions market
    • United States
    • Canada
  • Latin America on-shelf availability solutions market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe on-shelf availability solutions market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • BENELUX
    • Rest of Western Europe
  • Eastern Europe on-shelf availability solutions market
    • Russia
    • Poland
    • Rest of Eastern Europe
  • SEA on-shelf availability solutions Market
    • India
    • Australia and New Zealand
    • ASEAN
    • Rest of South East Asia and Others of Asia Pacific
  • Japan on-shelf availability solutions market
  • China on-shelf availability solutions market
  • Middle East and Africa on-shelf availability solutions market
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA

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Key Questions Answered in the Report

  1. What is the global on-shelf availability solutions market size?

The global on-shelf availability solutions market is expected to reach a valuation of US$ 3,709.2 Mn in 2022.

2. At what rate did the global on-shelf availability solutions market grow between 2017 and 2022?

The global on-shelf availability solutions market grew at a robust 8.9% CAGR between 2017 and 2022.

3. What are the key trends boosting on-shelf availability solutions sales?

Increasing demand for inventory management solutions, along with rapid adoption of automation technologies in the retail sector is expected to boost sales over the forecast period.

4. What is the North America on-shelf availability solutions market outlook?

North America is projected to account for a dominant share in the global on-shelf availability solutions market share during the forecast period.

5. What is the market share of the Europe on-shelf availability solutions market?

The on-shelf availability solutions market in Europe is anticipated to expand at a remarkable pace over the assessment period.

China Vinyl Flooring Market Anticipated to Register Robust Growth in the Next 10 Years

Future Market Insights’ newly published market report, “Vinyl Flooring Market: Global Industry Analysis and Forecast, 2022-2028,” examines the vinyl flooring market and offers crucial market insights for the next ten years.

Valuable insights encapsulated in the report highlights that the plank segment is expected to remain a leading segment in the market in terms of format, recording a CAGR of 7.1% during the forecast period (2022 – 2028).

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In addition, the segment is expected to account for around 40.0% share of the overall market value throughout forecast period. Globally, the vinyl flooring market is projected to reach US$ 41,578.7 Mn by the end of 2028.

Global Vinyl Flooring Market: Key Dynamics

Increasing number of infrastructural activities in both developing and developed countries have continued to contribute towards growth of the global vinyl flooring market. To offer versatile, water-proof and stain-resistant floorings, prominent manufacturers are focusing on utilizing digital printing and 3D printing techniques for developing vinyl planks and products.

These technological advancements enable the end users to duplicate any original material, such as gravel, wood, metal and others. For instance, Tarkett in collaboration with Philip lighting has launched LED embedded tiles that can guide people to any location (store/building)

With the increasing number of small and medium business, demand for infrastructure continues to persist. In addition, constructors are focusing on building healthcare infrastructures near the residential areas.

In pace with the increasing number of construction projects, growth of the vinyl flooring market is likely to gain a speedy momentum during the assessment period.

To offer convenience to the end users in the residential industry, leading manufacturers are focusing on developing a wide array of vinyl flooring that are waterproof and easy to clean.

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Also, vinyl flooring is considered as decorative flooring due to the recent upgrades, such as resemblance to ceramic or other contemporary looks (petrified wood or stained concrete). Also, vinyl flooring is preferred for high-traffic areas as it is durable, trendy and available with built-in adhesive

Global Vinyl Flooring Market: Forecast

On the basis of vinyl flooring application, the commercial segment is expected to witness significant growth in terms of volume during the forecast period.

As per the forecast, the commercial segment is estimated to account for more than 56.5% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of vinyl flooring in various innovative constructions.

On the basis of region, Western Europe is anticipated to dominate the global vinyl flooring market throughout the forecast period. Western Europe market is expected to expand at around 7.3% CAGR. SEA & Pacific region is anticipated to record robust CAGR in the global vinyl flooring market throughout 2028.

These two regions coupled with North America and China are expected to register impressive growth rates in the global vinyl flooring market over the assessment period.

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Global Vinyl Flooring Market: Competitive Landscape

Some of the players identified in the global vinyl flooring market include Tarkett, AFI Licensing LLC, Mohawk Industries, Inc., Forbo Group, C.I. TAKIRON Corporation, Responsive Industries Ltd., TOLI Corporation, JAMES HALSTEAD PLC, Interface, Inc., Mannington Mills, Inc., Gerflor, Shaw Industries Group, Inc. and among others. Leading players are focusing on incorporating advanced technology to optimize their performance.

Vinyl flooring manufacturers are concentrating on strategic acquisitions to broaden their growth prospects in the competitive market. These factors are expected to reflect positively on the growth of the global vinyl flooring market over the coming years.

For more insights on the global vinyl flooring market, write in to Future Market Insights analysts at press@futuremarketinsights.com

Weather Information Technologies Market Growth Analysis, Strategies, Demands in After Coronavirus Lockdown Over The World

Global demand for weather information technology is set for a healthy growth outlook over the following years, surpassing estimated revenues of US$ 7 Bn in 2029. As suggested by a new Future Market Insights (FM) report, weather information technology market would receive a prominent push from the growing adoption of real-time weather forecasting solutions.

Rising demand for efficient data analytics for weather forecasting and continuous changes in climatic patterns have boosted the demand for weather information technology for continuous weather monitoring enabling disaster management. The intergovernmental panel on climate change (IPCC) highlighted various climatic risks for food security and farming as well as the potential of enhanced climate and weather early warning systems to assist farmers.

While air quality monitoring continues to be the key application area, use of weather information technology in weather monitoring and forecasting is likely to create new potential for market growth in the opportune time.

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Key Takeaways – Weather Information Technology Market Study

  • Demand from aviation industry would witness a high growth rate, owing to rising adoption of weather information technology in military & defense sectors.
  • Market share held by air quality monitoring is projected to increase at a striking CAGR during the forecast period, due to increasing focus to monitor and control levels of air pollution.
  • North America is anticipated to dominate the weather information technology market due to increasing application of supercomputing for weather forecast in the region.
  • Management of climate and weather information technology can help better-informed policy for community and institutions that decrease related risks and offer efficient use of limited resources, livestock, improve fishery production, and increase the crop yield.

Weather information through mobile apps and websites, and promotion of commercial applications such as hyper-local forecast, stunning weather virtualization, and smart notification in APEJ are creating opportunities for global players.

Weather Information Technology Market Share, by Application

Increasing Environmental Observations and Monitoring of Weather Information Technology Boost the Market Growth

Various technological trends that are changing all areas of the market are fueling advances in weather prediction. Advances in modeling and forecasting, cloud, big data and analytics, smart devices, and mobile computing are fueling innovations in service delivery. Rapid growth in personal weather stations and smart connected devices has increased the data available for weather observation and monitoring and may have the potential to improve the accuracy of hyperlocal weather forecasts. Hence, the adoption of monitoring and environment observations is driving the growth of the weather information technology market.

For instance, in March 2018, the Lockheed martin Corporation successfully launched GOES-17 Satellite to provide broad coverage with powerful new weather monitoring technology for meteorologists. This satellite will continue to produce dazzling weather data that has captivated forecast.

More Valuable Insights on Weather Information Technology Market

FMI’s report on the weather information technology market is segmented into six major sections such as solutions (systems, and services), applications (air quality monitoring, weather monitoring, weather forecasting, and others (chemical & space weather monitoring)), industry (utilities, agriculture, military & defense, transportation, marine, aviation, and others(mining, energy utilities, chemicals)), and region to help readers understand and lucrative evaluate opportunities in the weather information technology market.

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FREQUENTLY ASKED QUESTIONS ABOUT WEATHER INFORMATION TECHNOLOGY MARKET

What are the future prospects of weather information technology market?

The development of new weather information technologies such as Internet, wireless devices, etc. has increased the availability of weather-related data, decreased diffusion costs, and created new markets for climate and weather information technology.

What are the major challenges for weather information technology market?

A large number of analytics companies are providing industry-specific weather information, which is a major challenge for the weather information technology market.

Which industry will have significant revenue growth in the next five years?

The aviation industry has been considered as largest meteorological customer and most of the developments made in forecasting services are becoming increasingly important for airlines. This is projected to offer significant growth opportunities for market players during the forecast period.

Which technologies are providing efficient weather forecasting?

The introduction of technologies such as radar, remote sensing from satellites, computers, information and communication, numerical modelling, and sensors are responsible for efficient weather forecasting and significantly boosting the weather information technology market growth.

Which region is expected to be at forefront in the weather information technology market?

Owing to significant need for weather forecasting from defence and agriculture sectors, Asia Pacific excluding Japan is expected to remain at forefront of high growth opportunities. The demand for efficient technology for weather forecasting is expected to increase in the region, thereby providing lucrative opportunities for leading market players.

Who are the major companies leading weather information technology market?

Prominent companies in the weather information technology market includes Lockheed Martin Corporation, Vaisala OYJ, The Weather Company, Accuweather Inc., Vaisala OYJ, Campbell Scientific Inc., Munro Instruments Ltd, Columbia Weather Systems Inc., Coastal Environmental Systems, Inc., and Morcom International Inc.

EUV Lithography Market to Exhibit 22% CAGR Through 2029, Demand Buoyed by Miniaturization of Electronics & Semiconductors

Miniaturization of integrated circuits and microchips, elevated wafer production, and consistent growth of the semiconductors industry are anticipated to propel the adoption of EUV lithography into chip manufacturing across the globe. EUV lithography market is estimated for a staggering CAGR of 22% during the forecast period of 2019-2029

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Key Takeaways

  • Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology.
  • Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing.
  • Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market.
  • Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries.
  • Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

Currently, many IDMs and foundries are cautious in the adoption of EUV lithography in chip manufacturing, given the infancy of the technology and high upfront costs. However, with continuous innovation and R&D, products are expected to become more efficient and cheaper.

euv lithography market pr

EUV Lithography Market – A Monopoly

The EUV lithography market is led by a single manufacturer. ASML is the sole manufacturer of EUV lithography systems in the world today and holds a monopoly in the market. The company is focused on acquiring stakes in key companies, which provide supporting technology for the manufacturing of EUV lithography systems. It is also engaged in collaborations with solution providers to help in R&D and development of future generations of EUV lithography systems.

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Will EUV Dominate Lithography Systems?

In the present lithography market, EUVs are a new and upcoming technology, with the first commercial product being sold in 2016. Given their ability to process light onto microchips of very small surface and with the growing adoption of technologies demanding miniaturization of microchips, EUV lithography market is anticipated to capture a huge market share of lithography systems in the coming years.

Know More About Report Inclusions

Future Market Insights’ new market research report on the EUV lithography market includes global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report details EUV lithography market demand by end use across three different regions, Americas, EMEA, and Asia Pacific. The research report also offers global consumer electronics demand trend, impact of wide-scale 5G technology and IoT adoption, wafer production trends, installed base of EUV lithography systems as well as market demand patterns across the mentioned regions.

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Model Based Manufacturing Technologies Market Will Generate New Growth Opportunities Till 2029

In recent years, the manufacturing industry has witnessed sluggish growth owing to various macro-economic factors such as Brexit concerns, fluctuations of oil prices, and foreign trade policies. Tech developments in model-based offerings are expected to play a key role in the future of the sector. According to a recent report by Future Market Insights (FMI), the global model-based manufacturing technologies market is estimated to register a CAGR of over 8% during the forecast period of 2021-2031.

Performance requirement among manufacturers from new tool and equipment designs for higher efficiency is increasing. This has encouraged industrial manufacturers to focus on developing technology platforms and new operating models that enable connected products and services for integration to their customer operations.

This trend of technological development is expected to support growth of the market. Moreover, rapid technological advancements in the automobile industry, have resulted in an increase in demand for model-based manufacturing technologies to improve economic competitiveness.

The increasing number of RFID-based manufacturing technologies and digital manufacturing in automotive, and oil and gas sectors is expected to catalyse the growth of model-based manufacturing technologies.

In Europe & North America, many manufacturers are adopting Industry 4.0 standards in addition to integration of Smart Factory solutions in their production processes, which leads to efficient production with reduced inventory cost.

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Key Takeaways: Model Based Manufacturing Technologies Market

  • The cloud deployment segment will reflect relatively faster growth with a CAGR of 8.7%, owing to the benefits of remote access.
  • Large enterprises are estimated to contribute over 59% of the overall market. However, small and medium enterprises (SMEs) are likely to reflect a strong CAGR of above 8%.
  • Among end-use industries, the automotive segment is anticipated to hold the dominant share of 23.8% in 2021, backed by the rise of IoT connectivity opportunities.
  • The U.S. is projected to account for over 81% of North America owing to adoption of next-gen emerging technologies.
  • The market in India is expected to progress at a noteworthy CAGR of more than 13% through 2031, driven by an expanding automotive sector.
  • The U.K. market is expected to rise at a CAGR of close to 10% over the coming decade, with impetus from research and development programs.

“The proliferation of cloud-based services, the Internet of Things (IoT), smart phones, DIY machine connectivity, and low-code platforms is encouraging manufacturers to adopt model-based manufacturing technologies to augment the pace of innovation in the manufacturing ecosystem,” says FMI analyst.

model based manufacturing technologies market key countries and industry mekko chart, 2021

COVID-19 Impact Analysis on Model Based Manufacturing Technologies Market

The covid-19 pandemic has adversely affected the global manufacturing industry. This disruption has brought attention to some of the leading challenges faced by the industry and have also highlighted the need to speed up production to boost supply chain resilience. In addition, the economic uncertainties have resulted in pressure on manufacturers to bring down costs while increasing overall efficiency.

Model based manufacturing technologies are likely to create a safer working environment by using automated manufacturing assets which use intelligent decision-making algorithms and networked sensors. Model-based manufacturing technologies facilitate goods and service operations, mitigating the severity of industrial chain disruption. Hence, the model-based manufacturing technologies market is estimated to grow at 6% to 7% Y-o-Y from 2019 to 2021.

Who is Winning?

Leading manufacturers in the moderately consolidated model-based manufacturing technologies market are focused on product and services development endeavors, while also pushing for geographical expansion strategies to leverage previously untapped markets in emerging economies.

Leading players in the market include but are not limited to Aspen Technology Inc., Oracle Corp., SAP SE, Honeywell International Inc., Ibaset Inc., Autodesk Inc., PTC, Inc., Siemens PLM Software Inc., Rockwell Automation, Inc., Dassault Systemes, Schneider Electric SE, ABB Ltd., Seabrook Technology Group, Vero Software Ltd. Sogeti High Tech SAS, KPIT Technologies Limited, General Electric Company, Statii Ltd., CNC Software, Inc., and Cimatron Technologies, Inc.

Model Based Manufacturing Technologies Market by Category

By Solution:

  • Software
    • Manufacturing Execution Systems (MES) Software
    • Material Requirements Planning (MRP) Software
    • Product Lifecycle Management (PLM) Software
    • CAD/CAM Software
    • Manufacturing ERP Software
    • Others
  • Services
    • Professional Services
      • System Integration & Implementation
      • Security Consulting
      • Support & Maintenance
    • Managed Services

By Deployment:

  • Cloud
  • On-premises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Automotive
  • Electronics and Semiconductors
  • Aerospace and Defense
  • Oil & Gas
  • Healthcare & Pharmaceuticals
  • Food & Beverages
  • Others

By Region:

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

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More Valuable Insights on Model Based Manufacturing Technologies Market

FMI’s report on the model based manufacturing technologies market is segmented into five major sections – solution (software – manufacturing execution systems (MES) software, material requirements planning (MRP) software, product lifecycle management (PLM) software, CAD/CAM software, manufacturing ERP software, and others, and service – professional & managed), deployment (cloud and on-premises), enterprise size (SMEs and large enterprises), industry (automotive, electronics and semiconductors, aerospace and defense, oil & gas, healthcare & pharmaceuticals, food & beverages, and others) and 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 model based manufacturing technologies market.

Key Highlights from Report

  • Which is the Leading Model Based Manufacturing Technologies Market?

The U.S. has emerged as a leading market for model based technologies. It is expected to remain dominant in North America through the forecast period, from 2021 to 2031. The U.S. is expected to account for nearly 82% of North America market in 2021.

  • Which is the Top-selling Software in the Model Based Manufacturing Technologies market?

Manufacturing ERP software is currently the top-selling product in the market. It will account for over 27% of revenue generated by 2021. However, manufacturing execution systems (MES) software is expected to dominate the market share with 26.7% through 2031. This is due to advancement in technologies, for optimum resource utilization.

  • Which are the Leading Companies Offering Model Based Manufacturing Technologies?

Some of the leading companies in this landscape are Oracle Corporation, SAP SE, Dassault Systèmes, Honeywell International, Inc., and Siemens Digital Industries Software among others. As per FMI analysis, over 75% of the market share is currently covered by the top 15 players.

  • Who is the Leading End User of Model Based Manufacturing Technologies? 

The automobile sector is expected to dominate the market over the forecast period, generating a revenue of US$ 21.0 Bn by 2031. Automobile manufacturers across the globe are increasingly adopting model-based manufacturing technologies in the development of vehicle electronics, engines, and transmission controllers with battery management modules.

Pet Grooming Market: Notable Developments & Geographical Outlook

The value of pet grooming products shipped across the globe grew 5.3% year-on-year (Y-o-Y) in 2019, according to new study from Future Market Insights (FMI). The firm’s recent global pet grooming tracker reveals that sales will decline to 2.9% y-o-y to around US$ 16 Bn in 2020.

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While supply shortages affected market’s capital performance in Q1 of 2020 and initial weeks of Q2 of 2020, sharp decline in consumer demand has been key factor behind sales dip. COVID-19-induced lockdowns and measures have triggered physical retail closures for extended time periods worldwide, leading to notable decline in demand.

Pet Grooming Market Size Study

  • Sales of pet grooming products will rise nearly twice over 2020-2030
  • About 6 out of 10 pet grooming products to be sold will be conditioners & shampoos
  • Majority of pet grooming products will be developed for dogs and cats
  • Economy/mid-range pet grooming products continue to generate greater total returns to shareholders
  • Market players to channelize their investments towards modern trade over following decade
  • North America and Europe will remain epicenter of growth opportunities, owing to surging trend of pet humanization

“Retailers have to step up from economical and mid-priced pet grooming products to premium ones to encourage pet owners to spend more and experience better quality. Ensuring enhanced consumer experience in click and brick-and-mortar stores will allow pet owners to leverage both offline and online platforms,” says analyst at FMI.

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COVID-19 Impact on Pet Grooming Market

While the global retail industry has taken hard hit due to COVID-19 pandemic, in particular, certain sub-categories of the industry have sustained the shockwaves, thanks to stay-at-home protocol. Among these is the pet grooming market.

New market entrants are actively looking for countercyclical categories amidst the public health crisis. Future-approved business models must include competitive pricing structure, clear value proposition, and unique delivery mechanism. In addition, stakeholders must ensure to integrate subject matter experts including, skilled pet professionals, into their advisory board to authenticate medical claims, product concepts, and lend credibility.

With more people owning pets and owners increasingly spending to improve health and lifestyle of their pets, the global pet grooming industry will experience unprecedented growth during this tough phase.

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Pet Grooming Market – Competitive Intelligence

The global pet grooming market is highly fragmented, with presence of several players joining industry competition. Market players are continuously involved in developing cutting-edge products with an aim to expand their consumer base and, in turn, ensure better margins. For instance,

  • Australia-based, Oakwood Products has rolled out assembly of pet care and grooming products in the US. The products – derived from ingredients native to Australia – are developed to keep pets’ coats professionally shiny and clean. The assembly includes nine product SKUs containing conditioners, shampoos, pet odor and stain removers, and grooming tools.
  • Atronia Innovations has developed new pet grooming device – Groomade – using cutting-edge air-touch technology. The proprietary technology ensures that any non-skilled individual can trim, comb, and groom his/her pet’s hair and fur akin to professionals. Moreover, the innovative product creates perfect cuts, is ideal for all dog breeds’ fur and coat types, and vacuums every hair strand that falls off during grooming session.

Metrology Software Market estimated to grow 6.2% CAGR during the forecast period 2017 to 2027

The metrology software market value totaled ~US$ 860 Mn in 2020, according to Future Market Insights (FMI). Sales in the metrology software market are expected to surpass ~US$ 1.8 Bn by 2031, growing at a CAGR of around 7.0% for 2021 – 31.

The metrology software demand will continue to accelerate as a result of the surging adoption of digital inspection and industrial automation over traditional methods across manufacturing, automotive, aerospace, and other industries.

Besides this, the adoption of 3D metrology software is expected to grow in response to the high demand for industry 4.0 in diverse sectors. According to FMI, the demand for metrology software will represent nearly 3.0% of the overall digital inspection market in 2021.

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Higher Adoption of Measurement Systems by Shipbuilding Industry to Propel Market Growth

Shipbuilding industry is facing challenges associated with increasing measurement surveys and introduction of new measurement systems. This has led the industry towards higher adoption of measurement systems, which in turn, is fuelling market growth of metrology software. Pharmaceutical companies need to maintain accuracy and consistency during medicine production, coupled with following guidelines for best practices imposed by regulatory agencies. This has surged the adoption of precision equipment by healthcare sector, which is driving demand for metrology software by this sector globally. In addition, standards set by international committees on manufacturing companies in terms of instruments, metric parameters, and frequency of measurement is further expected to influence the growth of the global metrology software market through 2027.

Presence of large market players, with their aggressive mergers & acquisitions (M&As) and strength in terms of sales & distribution channel, has resulted into fewer smaller players consolidating their position in the market. Owing to these M&As, market growth is hampered as limited number of players result into standardised products, with acquisitions affecting competitive landscape scenario by reduction in number of players. In addition, new players face challenges in providing all solutions integrated into a single metrology software package. These factors are expected to impede growth of the market during the forecast period.

APEJ to be Fastest Growing Market for Metrology Software by 2027-End

Asia Pacific Excluding Japan (APEJ) is estimated to reflect highest CAGR through 2027, followed by Eastern Europe and Latin America. China’s market share is expected to surpass 30% of APEJ metrology software market. North America is projected to remain the largest market for metrology software during the forecast period. In terms of value, market in this region is anticipated to reach around US$ 463 Mn by 2027-end.

Demand for metrology software is expected to be highest for application in quality control & inspection during the forecast period. Revenues amassed from quality & control inspection in the market is estimated to reach nearly US$ 450 Mn by 2027-end. In contrast, measure & alignment application of metrology software is projected to expand at the highest CAGR through 2027, followed by reverse engineering application.

Market Taxonomy

By Industry Vertical

  • Aerospace and Defence
  • Automotive
  • Consumer Electronics
  • Power and Energy
  • Medical
  • Industrial Manufacturing
  • Others (Media and Entertainment, R&D etc.)

By Application

  • Quality Control and Inspection
  • Measurement  and Alignment
  • Reverse Engineering
  • Virtual Simulation
  • Others (Tool Building etc.)

Industrial Manufacturing will Remain Dominant in Global Metrology Software Market

On the basis of industry vertical, industrial manufacturing is expected to retain its dominance over the global metrology software market during the forecast period. Revenue contribution of industrial manufacturing to the market is estimated to reach around US$ 400 Mn by 2027-end. However, automotive industry vertical is projected to expand at the highest CAGR in the market through 2027, followed by consumer electronics segment.

Key players identified in FMI’s report include 3D Systems, Inc., Carl Zeiss AG, Hexagon, Konica Minolta Inc., Nikon Inc., Renishaw Plc., Rudolph Technologies, Inc., FARO Technologies, Inc., Perceptron Inc., Metrologic Group, Tech Soft 3D, GOM Metrology, Creaform, Optical Gaging Products (OGP), Retecon (Pty) Ltd., Worklogix Middle East, Verisurf Software, Inc., Image Metrology A/S, 3d Digital Corp, Minds Mechanical.

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Key Points Covered in Metrology Software Industry Survey

  • Which region will exhibit high metrology software demand?

South Asia & Pacific is projected to register strong growth in the metrology software market, exhibiting a CAGR of nearly 8.0% during the forecast period. However, North America currently leads the global market, with market share of around 27% in 2021.

  • How much is the global metrology software industry worth?

The metrology software industry was valued at ~US$ 860 Mn in 2020, and is estimated to grow at a healthy pace with a CAGR of around 7.0% from 2021-2031.

  • What will be the demand outlook/ sales forecast for metrology software?

The sales of metrology software is likely to reach ~US$ 1.8 Bn by 2031.

  • What was the last 5 year market CAGR?

The market in last 5 years (2016 – 2020) grew by a CAGR of nearly 6.0%.

  • What are the key trends of metrology software industry?

Key trends shaping the market includes:

    • Healthcare sector to majorly alter the metrology software industry
    • Increasing adoption of cloud computing services

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Force Sensors Market will thrive at a CAGR of over 5% during 2021-2029

As indicated by a new study of Future Market Insights (FMI), the global force sensor market will thrive at a CAGR of over 5% during the forecast period (2019-2029). Increasing healthcare expenditure, extensive R&D activities, and increasing number of sensors per vehicle will remain among the prominent boosters to the growth of force sensor market.

A force sensor plays an integral role in industrial automation industry. With increasing penetration of robotics, there has been increased adoption of an integrated miniature version of force sensors. Significant adoption of force sensors for robotic applications such as deburring, grinding, and drilling will continue to account for substantial revenue generation in the global force sensor market. The adoption has also been remarkable in robotic medical systems.

Force sensors are used for weight measurement, active side stick force sensing, to support new aircraft and spacecraft hardware designs, assembly, testing, and control. Increasing adoption of force sensors for monitoring pilot input forces for flight data recording along with applications in landing gear drop tests, landing gear shear pin tests, pedal force tests, and sample and material tests. The need for aircraft structural tests as well as rocket structural tests in the aerospace and defense industry is thus propelling the growth of the force sensor market. 

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Force sensors are used to detect force and torque applied in power plants and industry applications. They provide precise and reliable force sensing performance in a compact commercial-grade package. Force sensors are simple and easy-to-integrate and also offer different features such as precision force sensing, fast response time, and low repeatability errors.

The reliability of such features drives the growth of the force sensors market. The need for dynamic fatigue and static fatigue tests in laser welding applications are boosting the demand for force sensors as force sensors help measure force in electro-mechanical actuators and monitor force brakes.

Key Takeaways – Force Sensor Market Study

  • Automotive and medical & healthcare industries would remain key end users of force sensors. These two verticals currently account for a collective market share of nearly 40%.
  • Rising demand for portable medical devices and assist machines for emergency medical treatment is likely to push the adoption of force sensors by healthcare industry at a higher rate.
  • In-house development of paper force sensors for musical applications is expected to create new growth opportunities in force sensor market.
  • The capacitive force sensor will continue to lead the way in force sensor market throughout the projection period.

Manufacturers must focus on the expanding industrial automation landscape and adapt to the changing manufacturing landscape, in addition to increasing their focus on deploying touch interface across a variety of applications such as press force monitoring and transportation.

force sensor market share by region

Medical & Healthcare Industry Turning into a Hub of Opportunity

Growing emphasis on improving the quality of healthcare services offer significant opportunities to force-sensing technology developers. Increasing demand for force sensor in various healthcare applications such as infusion pumps, patient weight monitoring systems, physical therapy, surgical staple guns, and oxygen tank monitoring are expected to create new and lucrative opportunities for manufacturers in the force sensor market. However, long regulatory approval processes and counterfeit semiconductor components are major challenges that may hamper the growth of the force sensor market.

Product Innovation to Remain Key Strategy

Key vendors focusing on force sensor platforms are strategizing to develop and innovate new products related to intelligent force measuring technology in order to achieve full global coverage and offer precise global force measurement services.

  • In September 2019, Haehne GmbH launched intelligent force measuring technology with IO-Link. This IO-Link interface for force tension sensors is used for force measurement 4.0. The IO-Link from HAEHNE is a global data interface with intelligent two-side communication for data transmission among the plant control systems and the force measurement sensors in the field.

Applications of Force Sensor Technology in Musical Industry

The market scenario is expected to change in the foreseeable future after the introduction of advanced and cost-effective force sensors and sensing solutions for the musical industry. Manufacturers are also focusing on offering force sensor products for various applications such as electronic drum triggers, keyboard after touch, foot pedal controllers, programmable mixed arrays, and interactive dance floors. These factors are creating potential growth opportunities for developers and providers of force sensors.

Force Sensor Market: Segmentation

Product

  • Load Cell
  • Capacitive
  • Piezo-resistive
  • Piezo-electric
  • Others(Optical)

Application

  • Monitoring & Control
  • Test & Measurement

End User

  • Automotive
  • Medical & Healthcare
  • Consumer Electronics
  • Clothing & Textile
  • Food & Beverage
  • Manufacturing
  • Aerospace & Defence
  • Oil & Gas
  • Construction
  • Agriculture
  • Others

Region

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

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Force Sensor Market Structure Analysis

  • The global force sensor market represents a fairly consolidated competition landscape, where prominent key players focus on the development of robotic, medical, and surface mount technologies in force sensor devices, joint ventures, and wide distribution networks.
  • Majority of the key players in the global force sensor market are strategically focusing on new product innovation, mergers & acquisitions, and strategic partnerships, and collaborations to target a strong global footprint. Tier-1 force sensor providers account for ~30% of the overall market.
  • Key participants such as Sensata Technologies, Inc., TE Connectivity Corporation, Honeywell International Inc., NXP Semiconductors N.V. and ATI Industrial Automation, Inc. are among the largest and most experienced companies in the force sensor market, with a significant regional coverage across the globe.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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