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FMI analysts have stated that telecommunications industry applications will be a major contributor to revenue growth in the industry in data transfer and power delivery systems. On the other hand, competition from other alternative technologies such as micro-USB is an obstacle for market players.

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The USB type C industry is expected to reflect exponential growth throughout the forecast period on the back of component standardization efforts taken by manufacturers in the consumer electronics, and industrial electronics sectors. Also, the impending surge in demand for electric automobiles will also contribute to better market dynamics in the long term. While the USB type C market is expected to continue soaring, issues in automotive applications in terms of voltage fluctuations and heat dissipation continue to be notable issues for participants in the industry.

The study by FMI covers a comprehensive overview of the industry, discussing key dynamics of the market. Some of the critical takeaways of the report include:

• The USB type C market was valued at 7.9 billion in 2019, with growth in demand marginally impacted during the coronavirus outbreak, with supply chain disruptions.
• Telecommunication industry applications of USB type C products contribute substantially to revenues, with the development and implementation of power delivery and connector technologies.
• Smartphone and tablet applications of USB type C technology is reflecting higher demand than computers, cameras, TVs, and media players. However, charger and adapter applications are likely to reflect faster growth through 2030.
• North America remains a major market, supported by demand for smartphone charging and internet applications. However, East Asia is generating lucrative growth opportunities with investments in production facilities from international players, and growing focus on industrial and automotive electronics.

“Widespread proliferation of consumer electronics and growing application of USB C chipsets in display devices and imaging applications in healthcare supports the growth of the market. Competition from alternative interfacing technologies challenges market players,” said a lead analyst at FMI.

Covid-19 Impact on USB Type C Market

The increasing penetration and use of smartphone, tablet, and laptop devices, and the increased power consumption and data transfer applications in the consumer electronics sector have remained key factors supporting the growth of the USB type C market. However, the coronavirus pandemic is estimated to marginally impact the market in the short term.

The industry is expected to face issues in terms of component and raw material supplies owing to lockdown restrictions imposed by governments around the world.

Also, the impact of the coronavirus pandemic on the automotive industry could restrain market growth.

However, the shift towards work from home business models and the growing popularity of remote learning options are anticipated to drive up application and demand for USB type C products.

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Who is Winning?

In its report, Future Market Insights has provided an in-depth analysis of the strategies being employed by manufacturers in the USB Type C market. Top players are largely focusing on investments towards product and technology research and innovations in addition to capacity expansions in a bid to keep up with massive international demand.

Some of the leading players in the industry include Cypress Semiconductor, Anixter International, STMicroelectronics, NXP Semiconductors, Texas Instruments, Belkin International Inc., Microchip Technology Inc., Silicon Laboratories, ON Semiconductors, Hirose Electric Group, and Analogix Semiconductor Inc. among others.

The number of people adversely affected by chronic respiratory diseases is increasing at a substantial rate as more than 2 Bn people are exposed to polluted air on regular basis. As such, diagnosing as well as monitoring respiratory diseases has become imperative in home settings and hospitals. As of now, close to 30% of the pediatric hospitalizations are being attributed to asthma. It’s a known fact that environmental conditions are worsening day by day. As such, spirometry is being recommended by medical fraternities as an effective way of checking through respiratory health.

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Also, developed economies like the US do have standard reimbursement policies in place. Some of them are exclusively meant for spirometry via Medicaid, third-party insurance, and Medicare. The revised Medicare Fee Schedule, 2018 let sizable amount (from healthcare) to be diverted to spirometry. All the trends mentioned above are expected to give an impetus to the spirometer market in the forecast period.

Key Takeaways

• Table top spirometers hold the highest market share as they are broadly used in clinics, hospitals, and the other diagnostic centres
• Due to increasing preference for computer-based spirometry, desktop spirometers are expected to hit the market at the fastest pace in the forecast period
• Economies like India to play a pivotal role in the spirometer market between 2020 and 2030 due to an exponential increase in number of patients suffering from respiratory disorders (resulting out of air pollution. India is amongst the top polluted places across the globe)

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Key Participant Insights

The global spirometer market is set to enhance its scope in the forecast period, due to rising number of COPDs and respiratory disorders. In addition to this, multi-purpose spirometers are doing the rounds. The entry of these spirometers is bound to take the market at the “new” normal level in the forecast period.

The key market players covered by FMI include nSpire Health Inc., Vitalograph Ltd., Ndd Medical Technologies Inc., Recorders & Medicare Systems Pvt Ltd., Welch Allyn Inc., Chest M.I. Inc., Minato Medical Science Co Ltd., Geratherm, Medset Medizintechnik GmbH, Medical International Research, Cosmed srl, Sibelmed, and Ganshorn Medizin Electronic.

“The heart– and respiration-related ailments are showing a steep increase at periodic intervals. This ongoing trend is expected to bolster the spirometer market in the forecast period” – says the FMI analyst.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global spirometer market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on manual resuscitator market on the basis of product type (device (hand held, desktop, table-top), consumables and accessories, software), application (COPD, asthma, cystic fibrosis, pulmonary fibrosis), technology (flow sensor, peak flow meter, volume measurement), end-use (hospital, clinical laboratory, homecare) across seven major regions

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Thermal imaging technology due to its various attributes finds application in defence and homeland security. According to FMI, the military sector will account for above ~30% of the market in 2020 in terms of value. Besides strengthening their defence, upgrading technologies is one of the top priorities of most countries across the globe. As they focus on expanding their power in both peacetime and war, military budget will rise.  A significant portion of this budget will be allotted to high-tech gears and devices. This would have a cascade effect on the thermal scanner market as well.

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Innovations in thermal scanner technology especially in short-wave infrared (SWIR) along with the development of Indium Gallium Arsenide (InGaAs) sensors have ensured higher usage of thermal cameras in defence and in other industries. Department of Defense (DoD) firefighters utilize thermal imaging cameras, which can see through smoke. These cameras additionally help firemen see what territories to keep away from as they navigate through places with less or no visibility brought about by smoke.

Key Takeaways from the Thermal Scanner Market Study

• High cost of thermal cooling technology has indirectly stoked sales in the uncooled technology thermal scanners segment. Uncooled systems make lesser noise as compared to cooled system, which is the key reason behind their demand uptick
• North America holds the dominant in the thermal scanner market.  Commercial and residential establishments in this region will exhibit high demand for thermal scanners
• East Asia is forecast to present attractive growth opportunities. The construction sector in China boasts high use of thermal scanners. Besides this, thermal scanners are used as a first line of defence against COVID-19. These factors will aid the expansion of East Asia market
• The ongoing pandemic has created an enormous demand for handheld/ portable thermal scanners to detect fever while maintaining physical  distance
• The world is at the stage of reopening its businesses, therefore, the demand for thermal scanners as a precautionary tool will rise across industries and commercial places

“Innovations in thermal camera or scanners can give an edge to companies which are targeting high potential economies. Currently several prominent companies are focusing on the defence sector. Therefore capitalizing on opportunities in countries with a strong defence and military sector can enable them gain a competitive advantage” says an FMI analyst.

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Impact of COIVD-19 & 2020 Market Analysis

COVID-19 has affected the growth of numerous companies. However, there is a definite growth curve that has been noticed in the market for thermal scanner as it has become one of the most essential tools for detecting corona patients.

Companies are expected to resume operation as lockdown eases following the government guidelines. This would send them scrambling to purchase thermal scanners as a first line of defence against the novel coronavirus.

Among key regional markets, Asia Pacific is exhibiting a high demand for thermal scanner. Countries such as China and India are set to resume their businesses which will again fuel the demand for thermal scanners.

Who is winning?

Some of the key players operating in the thermal scanner market FLIR Systems, Inc., VUMII Imaging, Fluke Corporation, Leonardo S.p.A, Axis Communications AB, Optotherm, Inc., Seek Thermal, Testo SE & Co. KGaA, L3HARRIS TECHNOLOGIES, INC., Thermoteknix Systems Ltd., 3M (3M Scott), C-THERMAL, HGH Infrared Systems, Tonbo Imaging, Opgal (Israel), TERABEE, Xenics, Infratec GmbH, AMETEK Land, and among others.

Companies operating in the market are aiming at establishing a stronger foothold. As a part of the strategy, these companies often adopt strategies such as geography expansion, partnership/collaboration/ merger & acquisition to gain competitive edge. New product innovation and launches have remained the top priority of companies operating in this market.

• In March 2019, FLIR Systems acquired Endeavor Robotics Holdings, Inc., to hold market footprint on surveillance, examination, and unsafe materials to support industrial & defence customers.

Get Valuable Insights into Thermal Scanner Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global thermal scanner market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the thermal scanner market based on the product (fixed/ mounted, and handheld/ portable), technology (cooled, uncooled), application (thermography, surveillance, firefighting, personal vision system, ruggedized smartphone, military, and others), wavelength (long-wave infrared (LWIR), mid-wave infrared (MWIR), short-wave infrared (SWIR)), price range (high/ premium, and mass/economy) across seven major regions.

Capable of testing various mechanical properties such as tension, compression, shear, bending, hardness, fatigue, and others, universal testing machines are also widely utilized by glass, metal, polymer, rubber & ceramic, and wood product manufacturers.

Owing to their simple test fixture and minimum sample machining requirement, four column testing machines continue to define manufacturers’ bottom lines. As four column testing machines account for nearly half of market revenues, manufacturers are significantly focused on this product category. However, four column testing machines will see a dip in their demand due to their high upfront costs, thus, are likely to lose share to other UTMs – dual and single column testing machines through 2029.

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Key Takeaways – Universal Testing Machine Market Study

• Based on market value share, four column universal testing machines segment to be dominant, despite a relatively high price point. On the other hand, single column universal testing machines segment is anticipated to hold a higher market volume share, owing to relatively lower cost and higher application in paper & plastic, polymer, textile, and electronics & electrical industries.
• UTMs are significantly used in the automotive industry, as these are used to determine mechanical test data such as material rigidity, design stiffness, components, fatigue and material forming, and joining technology. Moreover, testing for engine & drive train, chassis, body, interior design, and electronic component design is performed by UTMs in this industry.
• Global manufacturers of universal testing machine are majorly focusing on the development of new universal testing machines with wide measuring range, owing to increasing demand for diverse material testing that require specific UTMs. Furthermore, customer-centric approach by maximizing services is the primary focus of regional/local manufacturers.

Several end-use industries are preferring multi-purpose universal testing machines over other testing machines that can measure only single mechanical property. Therefore, manufactures have shifted their focus on application-specific product development.

Who Is Winning?

The global universal testing machine market is moderately fragmented owing to continuous demand for testing mechanical properties for wide range of materials, and presence of regional and global players. Key manufacturers such as Instron (Illinois Tool Works), AMETEK, Shimadzu Corporation, Keysight Technologies, Zwick/Roell, and MTS Systems Corporation account for about 30% of the overall market share. North America and Europe are anticipated to account for approximately half of the total market share, owing to significant demand for automotive, aerospace, and textile material testing.

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Product Development to Grab Larger Market Share

Broadening applications in various industries such as automotive, construction, textiles, aerospace, paper & plastic, electronics, polymer and others, are shaping market growth positively. Therefore, market players offering universal testing machines are continuously focusing on developing new products to sustain their positions in the highly competitive market.

Key Takeaways – Concrete Testers Market Study

• Flexure concrete testers and fresh concrete testing machines are getting traction due to their compact size and on-site applications. However, highly accurate analysis is still majorly conducted by universal testing machine and NDT machine, as they have a wider measuring range.
• Prices of fresh concrete testers and flexure testing machines are comparatively low in East Asia than in other regions, attributable to the high presence of local manufacturers.
• Currently, sales of universal testing machines are relatively high in North America owing to growing adoption of laboratory analysis services by various industries.
• Stringent regulations have been set by regulating bodies such as ASTM and AASHTO regarding safety in construction. Moreover, increasing investment in upcoming infrastructure projects in the Middle East region are also propelling demand for concrete testers.
• Manufacturers in the concrete testers market are increasingly relying on online sales.

Increasing demand for concrete testers is being witnessed since the recent past, and universal testing machines are used where a wider range of measurement is required. End users prefer universal testing machines as they are highly reliable and precise in measurement.

Concrete Testers Market: Competitive Landscape

The global concrete testers market is highly fragmented due to presence of a large number of local players that offer products for diverse applications. Key manufacturers such as MTS Systems Corporation, Cooper Technologies Inc, Humboldt Mfg. Co., Canopus Instruments, and Global Gilson, Inc, account for about 15% of the overall market share. North America and Europe are anticipated to account for a significant share of the global concrete testers market, owing to implementation of stringent regulations to maintain safety of infrastructure.

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