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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Augmented Reality and Virtual Reality Market is expected to register a CAGR of 42.2% between 2017 and 2025

Future Market Insights has recently published a report on “Augmented Reality and Virtual Reality Market – Global Industry Analysis & Forecast, 2017-2025”. The global augmented reality and virtual reality market was valued at US$ 5,176 Mn in 2016 and is expected to register a CAGR of 42.2% between 2017 and 2025. Technology companies, especially, the gaming companies are focusing on increasing investments and are driving the growth of the global Augmented Reality and Virtual Reality market.

Global Augmented Reality and Virtual Reality Market: Overview, Analysis, & Forecast

The global augmented reality and virtual reality market is segmented by device type, technology, end user, application and component. The component segment has been further categorized into hardware, software and services. The hardware segment has been categorized into these sub-segments: display, processor, sensors, user interface ICs, power management ICs and others. The Sensors sub-segment is anticipated to register a CAGR of 50% during the forecast period.

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On the basis of technology, the global augmented reality and virtual reality market has been segmented into augmented reality and virtual reality. The virtual reality segment registered highest market share and was valued at US$ 3,498 Mn in 2016 globally. Further, the adoption rate of AR & VR in gaming is increasing rapidly and is responsible for the growth of the segment in the overall market. However, the virtual reality segment is expected to register a stable CAGR of 40.5% during the forecast period.

On the basis of devices, the global augmented reality and virtual reality segmented into head mounted display, handheld devices, head-up display, smartglasses and others. The head mounted display segment accounted for a CAGR of 44% during the forecast period. Head mounted display segment also accounted for highest market share in 2016 and was valued at US$ 4,156 Mn in 2016 in the overall devices segment.

On the basis of end-user, the global augmented reality and virtual reality market is segmented into consumer and commercial. The commercial segment accounted for a CAGR of 46% during the forecast period. In 2016, the consumer segment accounted for the highest market share and represented a valuation of US$ 3,099 Mn.

On the basis of application, the global augmented reality and virtual reality market is segmented into gaming, media & entertainment, real estate, retail, education, engineering, healthcare and others. The gaming segment accounted for a CAGR of 45% during the forecast period. Gaming segment held the largest market share in 2016 and was valued at US$ 1,997 Mn in 2016.

Key Segments Covered in the Augmented Reality and Virtual Reality Market are :

By Technology Type

  • Augmented Reality
  • Virtual Reality

By End-user Type

  • Commercial
  • Consumer

By application

  • Gaming
  • Media & Entertainment
  • Real Estate
  • Education
  • Retail
  • Healthcare
  • Engineering
  • Others

By Device

  • Head Mounted Display
  • Handheld Devices
  • Head-up display
  • Smartglasses
  • Others

By Component

  • Hardware
    • Display
    • Processor
    • Sensors
    • User interface ICs
    • Power Management ICs
    • Others
  • Software
  • Services

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The report also covers trends driving each segment and offers analysis and insights regarding the potential of Augmented Reality and Virtual Reality market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted for the largest market share in 2016 owing to the increasing adoption of AR & VR in gaming in countries, such as the U.S. and Canada. Countries, such as GCC, China and Japan, in Asia Pacific region offer greater potential, which will drive the growth of the global augmented reality and virtual reality market in the region. MEA and Asia pacific region is expected to register healthy CAGR during the forecast period.

Key competitors in the Augmented Reality and Virtual Reality market are Vuzix Corporation, Samsung Electronics Co. Ltd, Microsoft Corporation, Google Inc., EON Reality Inc., Oculus VR, LLC, Magic Leap, Inc., DAQRI LLC, Blippar.Com Limited and Osterhout Design Group, Inc. (ODG).

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.

Energy Management System Market is expected to register a CAGR of 14.8% by 2025

According to a recent market report published by Future Market Insights titled, “Energy Management System Market – Global Industry Analysis 2012 – 2016 & Opportunity Assessment, 2017 – 2025”, the global energy management system market was valued at US$ 6340 Mn in 2016, and is expected to register a CAGR of 14.8% from 2017 to 2025. The increasing demand for energy management solutions in the commercial sectors, augmented energy prices, continuous increase in regulatory obligations and industry guidelines, strengthening company brand value and reputation, and vendors capitalizing on adoption of emerging technologies such as mobility, cloud, big data, are the major factors expected to drive the growth of the global energy management system market.

The energy management system measures and reviews the results of energy efficiency improvements. The energy management system helps to structure energy policy of the company, which supports the development of an energy policy and contributes to the structure of an energy plan to achieve targets. The energy management system also facilitates engagement (commitment and agreement) of management and has a positive contribution towards the energy targets. All the resource-intensive industries utilize significant amount of raw materials, water and energy resources, thus leading to a large amount of solid waste, effluents, and emissions. These industries are often subject to numerous global and local regulations, along with several plant level geography compliance. In order to comply with these stringent regulations, enterprises are adopting energy  management system  and are employing various methodologies, such as product lifecycle assessments, carbon & energy footprint analysis, and devising processes to ensure a sustainable and eco-friendly supply chain, to cater to these requirements.

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The energy management system creates awareness and a commitment about energy, i.e., consumption, use, efficiency, renewable sources within the organization. The energy management system improves the ability of organizations to manage energy risks and their possible impacts in an efficient way, and strengthens the competitiveness of organizations and reduces their vulnerability with respect to energy price fluctuation and availability of energy.

The global energy management system market is categorized on the basis of deployment, vertical and software. On the basis of deployment, the market is segmented into on-premise and cloud-based. The on-premise sub-segment was valued US$ 3,931.8 Mn in 2016. However, the cloud-based sub-segment is projected to register a high CAGR of 18.9% during the forecast period.

On the basis of vertical, the global energy management system market is segmented into automotive, building automation, oil & gas, manufacturing, pharmaceutical, utilities & energy and others. The oil & gas sub-segment accounted a high market share and was valued at US$ 1,727.7 Mn in 2016. However, the building automation sub-segment is expected to register a healthy CAGR of 17.3% during the forecast period.

On the basis of software, the global energy management system market is segmented into utility energy management, industrial energy management, enterprise carbon and energy management, and residential energy management. Enterprise carbon and energy management segment accounted a high market share and was valued at US$ 2,257.0 Mn in 2016 and registered a CAGR of 17.0%.

The report analyses the trends driving each segment and offers analysis and insights regarding the potential of the energy management system market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America accounted a large share of 38.3% in the global energy management system market in 2016. Asia Pacific is expected to have a high CAGR of 17.2% during the forecast period.

Examples of some of the key competitors in the energy management system market are International Business Machines Corporation, C.A Technologies, Schneider Electric SE, Eaton Corporation PLC, Cisco Systems, Inc., Siemens AG, Honeywell International, Inc., Asea Brown Boveri (ABB) Ltd., General Electric Company, and Emerson Electric Co.

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Continuous increase in regulatory obligations and industry guidelines one of the major driver

  • All the resource-intensive industries utilize significant amount of raw materials, water and energy resources, thus leading to a large amount of solid waste, effluents, and emissions. These industries are often subject to numerous global and local regulations, along with several plant level geography compliance.
  • In order to comply with these stringent regulations, enterprises are adopting energy management solutions  and are employing various methodologies, such as product lifecycle assessments, carbon & energy footprint analysis, and devising processes to ensure a sustainable and eco-friendly supply chain, to cater to these requirements.
  • With environmental and energy sustainability becoming a global concern, there is an upsurge in the number of investors, customers, and suppliers who consider energy management system  as a key factor in taking decisions about their relationship with manufacturers.
  • Therefore, enterprises are engaging in developing sustainability goals, and are investing significantly into energy management solutions, to strengthen their brand value and reputation.
  • Moreover, these enterprises try to avoid failing to resonate with what their major stakeholders feel is important, as this will adversely impact their brands and ultimately the business.

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.

Photo of anamika anamikaJanuary 7, 2022

 1

IP Multimedia Subsystem (IMS) Market anticipated to grow at a CAGR of 15% by 2026

Future Market Insights (FMI) recently published a report on the global market for IP multimedia subsystem, findings from which assert that the market will surge at an impressive pace over the forecast period (2016-2026). Demand for IP multimedia subsystem is anticipated to grow at a pronounce rate and bring in US$ 50,347.4 Mn in revenues by 2026-end, reflecting a CAGR of 15% during the forecast period. Increasing use of shared service infrastructure is cited as a key factor propelling growth of the global IP multimedia subsystem market. In addition, interworking with Internet and support for quality of service is also likely to drive the demand for IP multimedia subsystem in the near future.

As per the FMI report, the global market for IP multimedia subsystem is expected to represent an incremental opportunity of US$ 37,927.6 Mn between 2016 and 2026. The market is anticipated to witness overwhelming growth owing to the increasing usage of services such as instant messaging, multimedia, and conferencing. Moreover, enterprises are now using IP multimedia subsystem to communicate with other business clients in real-time. IP multimedia subsystems enable service expansion, especially in multimedia communication and integrated voice services. This helps in collaboration of multiple media, multiple points of access and multiple modes of communication into a single network, which is why a large number of network operators are adopting IMS services. Mitel Networks Corporation, Cirpack SAS, Italtel S.p.A, Cisco Systems, Inc., Huawei Technologies Co. Ltd., Du, IBM Corporation, ZTE Corporation, Etisalat, Ericsson Inc., Nokia Corporation, MTN Irancell Telecommunication Services Company are recognised as top companies providing IP multimedia subsystem solutions.

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Key Highlights of the Report include:

  • In 2016, revenues from the sale of mobile/wireless mode IP multimedia subsystem stood at US$ 8,687.9 Mn and is expected to reach US$ 40,931.3 Mn towards the end of the forecast period representing a CAGR of 20.8%. Consumers and enterprises are increasingly adopting IP multimedia subsystem solutions due to increasing usage of wireless phones, laptops and other wireless devices.
  • Application of IP multimedia subsystem in Internet and web service is expected to garner US$ 14,579.8 Mn in revenues by the end of the assessment period, reflecting a CAGR of 17.2% over 2026. This is attributed to the robust use of internet and web-based services for managing online business applications, VoIP applications, VoLTE applications and others Internet-based communication. Meanwhile, use of IP multimedia subsystem in VoIP is also increasing owing to the growing popularity of video and voice-based communication.
  • By the end of 2026, US$ 28,283.7 Mn worth IP multimedia subsystems are expected to be sold globally to end-user consumers. Consumers are rapidly adopting IP multimedia subsystem services owing increasing adoption of social media platforms for social and personal communication.

ip multimedia subsystem market

Market Taxonomy

By Mode of Communication

  • Mobile/Wireless
  • Cable/Wireline

By End User

  • Consumer
  • Enterprise

By Application

  • Internet & Web Service
  • VoIP
  • SMS
  • Video Conferencing
  • Video on Demand
  • Others

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Among regions, the market for IP multimedia subsystems in North America is expected to remain dominant throughout the forecast period. In 2016, the region’s market reached a valuation of US$ 3,318.2 Mn, with 26.7% revenue share.  APEJ is also expected to witness a robust growth of its IP multimedia subsystems market, increasing at an attractive CAGR of 18.5 % during the forecast period.

Key Questions Answered in the Report

  1. What is the outlook of the global IP multimedia subsystem market?

The global IP multimedia subsystem market is expected to grow from almost US$ 14.3 billion in 2017 to nearly US$ 50.4 billion by 2026, with 15% CAGR.

2. Which are some market players in the global IP Multimedia Subsystem?

Ericsson (Sweden), Huawei (China), NEC (Japan), Nokia (Finland), ZTE (China), Athonet (Italy), Cirpack (France), Cisco (US), CommVerge Solutions (China) are some prominent IP multimedia subsystem manufacturers

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.

Embedded Security For Internet Of Things Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2027

The global embedded security for internet of things Market held US$ 2,525 Mn in 2017 and is projected to secure almost US$ 11,125 Mn by the end of 2027.

The controller chip sector of the global embedded security for Internet of Things (IoT) market is expected to increase at a CAGR of 14.7% between 2017 and 2027.

In 2017, the controller chip category is expected to be worth US$ 2,300 Mn accounting for more than 80% of global market revenue.

The controller chip segment is predicted to stay dominating during the forecast period. Between 2017 and 2027, it is expected to generate about US$ 6,800 Mn in additional revenue.

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Dynamics of Market

The controller chip segment is projected to procure more than four-fifth share of the market, in terms of revenues, exhibiting staggering double-digit CAGR throughout the assessment period. In terms of revenues, the segment is projected to retain its dominance throughout the forecast period. Moreover, the segment is estimated to generate incremental dollar opportunity of over US$ 6,800 Mn during 2017-2027.

The use of embedded security for IoT in connected cars is projected to expand at significant growth rate during the assessment period. Embedded security systems for IoT worth nearly US$ 687 Mn were used in connected cars in the year 2016.

Automotive industry, by vertical type is anticipated to retain its dominance in the market throughout the forecast period, securing almost one-third revenue share by the end of 2027.

embedded security for internet of things Market

Regional Segmentation

Moreover, the North America is anticipated to remain most lucrative regions for embedded security for Internet of Things market throughout the assessment period. The market in this region has secured nearly US$ 773 Mn in the year 2016 and secured nearly one-third revenue share of the market. In terms of revenue, the North America region is anticipated to retain its dominance over the assessment period. Rising utilization of IoT devices has led to increased security concerns, thereby numerous government regulatory bodies in US region have allotted security guidelines for IoT solution providers throughout various verticals. During this period, the market for embedded security for Internet of Things in Western Europe region is anticipated to reach nearly US$ 1,677 Mn by the end of 2027, procuring staggering CGAR throughout the assessment period. Further, number of government authorities in different countries are ensuring that device manufacturers execute better security programs in order to secure cyber-attack on IoT networks and devices.

Competitive Landscape

Blackberry, a Canadian telecom service provider introduced an IoT platform based on cloud technology with device management features allowing data collection from range of networks and devices. This platform allows business partners, application developers and others to combine various aspects of IoT solutions comprising security. Primarily, the platform was directed towards shipping and automotive sector and in foreseeable period it is likely to be extended to other sectors such as healthcare and energy.

Market Segmentation

By Component

  • Software
  • Controller Chip

By Application

  • Smart Factory
  • Smart Grid
  • Connected Car
  • Networking Equipment
  • Computing Devices

By Vertical

  • Retail
  • Aerospace and Defence
  • Healthcare
  • Gaming
  • Automotive
  • Others

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Several key market players, operating in the market are profiled in the report include, ARM Holdings Plc. (SoftBank Corp), Trend Micro Incorporated, Intel Corporation, NXP Semiconductors N.V., Gemalto N.V., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Synopsys, Inc., Infineon Technologies AG, Inside Secure, and Cisco System Inc. The report reveal that these market players are likely to contribute more in the growth of the global market for embedded security for Internet of things.

Key Questions Answered in the Report

  1. What is the outlook of the global embedded security for Internet of Things (IoT) market?
  • Global embedded security for internet of things (IoT) market was estimated to account for US$ 2,525 Mn in 2017 and is expected to grow at a CAGR of 15.9% by 2027.

2. Which are key players in the embedded security for Internet of things?

  • Cisco Systems, Inc., Infineon Technologies AG, NXP Semiconductors N.V., and Samsung Electronics Co., Ltd. are some prominent embedded security for IoT service providers

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.