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According to a report, the global 3D sensor market is anticipated to attain a value of US$ 2.5 billion by 2022 and is projected to grow at a compound annual growth rate (CAGR) of over 26.0%, reaching approximately US$ 9.0 billion by 2032. The growth of the market is expected to be propelled by the growing utilization of 3D sensors in different sectors like automotive and media & entertainment.

The well-established sensor sector is expanded by 3D sensors. One dynamic technology that is appropriate for a wide range of applications, including consumer electronics, industrial robots, security & surveillance, healthcare, and automotive, is 3D sensing.

Due to the growing acceptance of gesture applications and effective product handling across several industrial sectors, the electronics industry offers significant potential for 3D sensors. The global 3D sensor market uses cutting-edge technologies and has enormous potential going forward. Due to its appealing qualities including cost effectiveness, higher dependability, and high efficiency, 3D sensor technology has played a significant part in the evolution of the semiconductor industry.

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The research provides a detailed analysis of the major trends and growth drivers that are expected to affect the industry in the years to come. Over the projection period, the technology industry is anticipated to experience a strong rise due to the adoption of cloud computing and artificial intelligence. The growth forecast for the 3D Sensor market in the future ten years is projected to be improved by rising competitive pressure and advanced digital transformation in data analytics and artificial intelligence.

Changes in consumer behaviour, robust product innovations, and growing distribution networks continue to have an impact on the growth of the 3D sensor market, according to the FMI analysis. The 3D Sensor market report’s experts at FMI depend on original research techniques and in-depth data analysis to identify existing and upcoming trends.

Impact of COVID-19 on 3D Sensor Market

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

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

Market Competition

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

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

3D Sensor Market: Drivers and Restraints

Global 3D sensor market is expected to witness lucrative growth during the forecast period. Factors which are driving the growth of global 3D sensor market are advancement into sensor technology due to constant R&D activity, increasing demand of 3D sensor equipped consumer electronics devices, growing consumer acceptance of wearable electronic devices, increasing demand of 3D sensing games and rising need of advanced security and surveillance camera.

On the other hand, few factors are restraining the growth of global 3D sensor market such as lack of product differentiation, heavy maintenance cost and limited manufacturing excellence. However due to various market opportunities such as developing retail and media applications and integration of nanotechnology with 3D sensors in a range of application is expected to boost the global 3D sensor market.

Key Segments Profiled in the 3D Sensor Industry Survey

Product Type:

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

Technology:

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

Application:

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

Region:

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

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It is anticipated that from 2022 to 2032, the market for financial analytics would expand at a CAGR of 11.3%. As a result of the rising importance of data-driven financial choices in various end-user sectors and the emergence of big data, the demand for solutions that can handle massive amounts of data and give vital insights will play a crucial role in boosting analytics in the finance domain.

In light of the COVID-19 epidemic, this decision-making support has underlined the requirement for data for financial analysis. In reaction to the COVID-19 epidemic, financial services are swiftly changing and modernizing their digital business structures.

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The term “financial analytics market” describes the use of sophisticated analytical methods and tools to examine financial data and derive knowledge that can be used to guide company choices. Financial modeling, forecasting, risk management, and performance analysis are just a few of the many tasks that fall under the umbrella of financial analytics.

Due to factors like the rising volume and complexity of financial data, the need for more precise and timely insights, and the emergence of new technologies like artificial intelligence and machine learning, the market for financial analytics solutions and services has been expanding quickly in recent years.

The financial analytics market is made up of a wide range of players, including software vendors, consulting firms, and financial services providers.

Key segments of the market include:

• Financial Analytics Software: This includes software applications that enable financial professionals to perform tasks such as financial modeling, forecasting, and risk analysis. Some of the leading vendors in this market include IBM, Oracle, SAP, and SAS.
• Financial Consulting Services: These are professional services provided by consulting firms to help organizations with financial planning, analysis, and reporting. Leading players in this market include Deloitte, PwC, EY, and KPMG.
• Financial Data Providers: These are companies that provide financial data and analytics to financial professionals. Examples of financial data providers include Bloomberg, Thomson Reuters, and S&P Global.
• The financial analytics market is expected to continue to grow in the coming years, driven by factors such as the increasing use of big data analytics and the growing demand for real-time insights. The market is also likely to see increased competition as new players enter the market and existing players continue to invest in new technologies and solutions.

How is the Competition Landscape in the Financial Analytics Market?

Some of the major financial data analytics companies are

• SAP A.G.,
• International Business Machines Corporation (IBM),
• Oracle Corporation,
• TIBCO Software Inc., and
• MicroStrategy Inc.,

These vendors offer financial analytics either in the format of individual solutions or incorporated into business intelligence suites.

The other companies in the financial analytics market include Deloitte Touche Tohmatsu Limited, Hitachi Consulting Corporation, Information Builders, Fair Isaac Corporation (FICO), Microsoft Corporation, Symphony Teleca Corp., Teradata Corp, Tableau Software Inc., Rosslyn Analytics Ltd. and SAS Institute Inc. among others.

Key Segments

By Type:

• Data integration tool
• Database Management System (DBMS)
• Query
• OLAP and visualization tools
• Reporting and analysis
• Analytical solutions
• Consulting and support services
• Others

By Application:

• Assets and liability management
• Payables management
• Budgetary control management
• Profitability management
• Receivables management
• Governance and Risk and Compliance (GRC) management

By Deployment Type:

• On-premise
• Cloud-based

By End Use:

• Banking, Financial Services & Insurance (BFSI)
• Food & Beverages
• Transportation & Logistics
• Consumer Goods & Retail
• Healthcare and Life Sciences
• Government
• Manufacturing
• Travel and Hospitality
• Media and Entertainment
• Telecommunication and IT
• Public Sector
• Energy and Utilities

By Region:

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

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Glass is a non-crystalline substance that is primarily transparent and used to make window panes, electronic devices, dinnerware, containers, and a vast range of other technological, functional, and decorative things. The oldest kind of glass is made from the chemical silica, which is also a significant component of sand.

The next type of glass is flexible glass for flexible electronics, which combines stretching and flexibility with all the advantages of rigid glass, such as high barrier properties, optical transmission properties, strength, hermeticity, temperature stability, and durability.

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The market for flexible glass is growing primarily due to its attractive surface finishing, low weight, and durability, which increases the usefulness and life of the product in which it is used and makes it portable and lightweight. Only flexible glass for flexible electronics makes it feasible to create next-generation wearable, rollable, and flexible electronic devices.

Throughout the projection period, it is predicted that the market for flexible glass, which is used in flexible electronics, would grow significantly.

Flexible Glass for flexible electronics Market: Dynamics

As the rigid glass display is being replaced by flexible ultrathin glass displays, which give electronic gadgets a very slim look, durability, scratch resistivity, light in weight feature, and Flexible or bendable screen, and thus plays a significant role in driving flexible glass for flexible electronics market, this is one of the key drivers for the flexible glass for the flexible electronics market.

A significant motivator for the development of wearable technology is the requirement for flexibility and lightweight, which is being met by the use of flexible glass in flexible electronics. The market for flexible electronics is constrained by cheaper rigid glass devices already on the market.

Flexible Glass for Flexible Electronics Market: Segmentation

The global flexible glass for flexible electronics market is segmented into application, end user, and region. Based on applications, the global flexible glass for flexible electronics market is segmented into two broad segments such as; consumer application & industrial application.

Consumer application includes the touch panel sensor market, flexible printed circuit board used in electronic gadgets, and the OLEDs lighting market. Almost every electronic gadget is coming with a touch screen hence the rising probability of the flexible touch panel sensors market is fair.

The industrial applications are power fiber means functional substrate material for thin-film battery technologies & to replace semiconductor substrates in electronics components to make electronic devices flexible & durable.

Based on end-user flexible glass for flexible electronics market is segmented as displays market, OLED market, smartphones and tablet market & other gadgets, and wearable market. During the forecast period, the display market is expected to dominate over the rest of all.

Geographically, the market is segmented into seven regions, North America, Latin America, Western Europe, Eastern Europe, Asia – Pacific (excluding Japan), Japan as a separate region, and Middle East & Africa. The largest market of flexible glass for flexible electronics is in North America followed by Western Europe and Asia Pacific & it is expected that North America will maintain its dominance in the forecasting period too.

With the rise in the demand for smartphones, tablets & other electronic gadgets in the Asia Pacific region, it is expected to witness the highest growth in the flexible glass for flexible electronics market during the forecast period.

Regional analysis of Flexible glass for the flexible electronics Market includes

• North America
  • US & Canada
• Latin America
  • Brazil, Argentina & Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASIAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

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The Microgrids It is projected in 2022 to 2032 that the market for microgrids would be worth US$ 27.4 billion and US$ 80.66 billion. Due to the requirement for a consistent and secure power supply across all commercial and industrial sectors, as well as government initiatives to lessen carbon emissions, the market is predicted to expand at a CAGR of 11.4% between 2022 and 2032. the growing use of software to track and manage distributed energy resources with integrated weather and load forecasts across numerous end-user industries, including business, industry, government, and healthcare.

With low investments in testing, development, and research, the microgrid business is likely to generate little revenue in the upcoming years. Limited access to renewable energy sources is made possible via microgrids.

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The deployment of decentralized, small-scale power generation systems that can run either independently or in conjunction with a larger power grid is referred to as the microgrid market. Homes, businesses, and communities can rely on microgrids to deliver dependable and resilient power, particularly in places where there are frequent power outages or restricted access to electricity.

In most cases, microgrids combine renewable energy sources like solar and wind power with energy storage devices like fuel cells or batteries. To guarantee a constant supply of power, they can also include backup generators or other power sources.

The desire for dependable and sustainable power, the rising usage of renewable energy sources, and the need to cut carbon emissions and battle climate change are some of the drivers driving the microgrid industry. By lowering dependency on conventional power grids and enabling more effective use of energy resources, microgrids can also result in cost savings.

Key Players

• Lockheed Martin Corporation
• ZBB Energy Corporation
• ABB Ltd.
• GE Digital Energy
• Power Analytics Corporation
• Consert Inc.
• Viridity Energy Inc.
• S&C Electric Company
• Chevron Energy
• Toshiba Corporation

The market for microgrids is expected to continue growing in the coming years, driven by factors such as government incentives and regulations supporting the deployment of renewable energy sources, the increasing adoption of smart grid technologies, and the need for more resilient and reliable power systems. The market is also being driven by the development of new technologies, such as advanced energy storage systems and software platforms for optimizing microgrid operations.

However, the market also faces challenges such as the high upfront costs of deploying microgrids and the need for specialized expertise to design and operate these systems. Additionally, there is a need for standardization and interoperability between different microgrid solutions to ensure seamless integration and maximum benefit for end-users.

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Available Growth Opportunities for Microgrid Vendors

The microgrid market is reaching maturity and is likely to provide revenue income opportunities for the players in the forecast period. The increased need for tough and dependable electrical equipment for the military and aerospace sectors is projected to provide attractive prospects for the microgrid industry to develop. Factors such as increased smart city development, increased demand, expansion of rugged loT, and increased usage of ruggedized PCs are projected to fuel the market growth during the forecast period.

Strategic acquisitions and alliances are being pursued by the main corporations to build sophisticated and creative power solutions. Furthermore, the increasing emphasis on the expansion of electrical infrastructure concerning grid modernization is anticipated to benefit the corporate picture.

Key Segment

By Verticals:

• Public Sector
• Healthcare
• Telecom
• Manufacturing

By Type:

• Off-grid
• Connected Grid
• Hybrid Grid

By Technology:

• Power Technology
• Component Technology

By Region:

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

Table of Content
Executive Summary | Microgrid Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

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The market for streaming analytics is predicted to expand with a CAGR of 20.8% from 2022 to 2032, according to Future Market Insights (FMI) analysis of the sector. By the end of 2022, the market is predicted to be worth US$ 13.1 billion, according to the analysis.

Massive amounts of data are being generated as a result of the widespread use of industrial 4.0 techniques, which is also expected to raise the potential for real-time analytics adoption throughout the projected period.

Streaming analytics technology is being used by businesses to develop new business channels and boost customer engagement. As a result, stream analytics are growing in popularity in sectors like BFSI, supply chain management, and advertising & marketing. This will likely have a positive impact on the market for streaming analytics.

Businesses are beginning to focus more intently on gathering data on streaming events. Rapid response to events encourages operational responsiveness and organizational effectiveness. Businesses that use streaming analytics software can apply important context to events as they happen.

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Implementing streaming analytics will improve operational effectiveness, reduce infrastructure costs, and speed up the delivery of information and results. Organizations of all sizes can access data streaming through apps, social media, sensors, gadgets, websites, and other sources. Real-time analysis can provide essential, useful insights in a range of operational and functional domains, as opposed to storing and analyzing data later.

“Increasing preference for service automation across industries such as healthcare and BFSI, along with increasing adoption of cloud-based streaming analytics, will augment the growth in the market over the forecast period,” claims an analyst with FMI.

Key Takeaways

• By solution, the streaming analytics platform has a leading share in the global demand for the streaming analytics market during the forecast period. In addition, this segment will register at a CAGR of 22.5% through the forecast period.
• Cloud-based streaming analytics platform will hold the largest market share of 53.4% in 2022 followed by hybrid streaming analytics platform.
• Among the services, managed service is estimated to grow by 2.9X during the forecast period. In addition to this, this segment will hold the largest market share by 2032.
• By application, the advertising & marketing segment will hold the highest market share in 2022, but supply chain management is estimated to grow at the highest CAGR from 2022 to 2032.
• By industry, the IT & telecom industry segment is expected to grow at the highest CAGR of 25.8% from 2022 to 2032, followed by the retail & e-commerce industry.
• North America is anticipated to lead the streaming analytics market followed by Europe in 2022. Whereas South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.

The streaming analytics market in East Asia is estimated to witness an absolute $ opportunity of US $ 12,612.7 Mn in the forecast period.

Streaming Analytics Market Outlook by Category

By Solution:

• Streaming Analytics Platform
• Cloud-based
• On-Premises
• Hybrid
• Services
• Managed Services
• Professional Services
• Consulting Services
• Integration & Implementation
• Support & Maintenance

By Application:

• Advertising & Marketing
• Financial Analytics
• Supply Chain Management
• Demographic Location Intelligence
• Fraud Intelligence
• Customer Experience Monitoring
• Others

By Enterprise Size:

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Industry:

• IT & Telecom
• Media and Entertainment
• Retail & E-commerce
• Manufacturing
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Government
• Education
• Other

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

 

 

The market for electric wheelchairs is predicted to surpass $8 billion by the conclusion of 2032. The demand for electric wheelchairs is projected to surpass $4 billion by 2022, increasing at an annual growth rate of 10% from 2022 to 2032. This increase in demand is being fuelled by a growing number of individuals with muscle-related conditions and an aging global population.

Mobility aids include electric wheelchairs, commonly referred to as power chairs and electric wheelchairs. They are used by those who have mobility-related medical issues or trouble walking. These wheelchairs don’t need any human help to move because they are powered by a rechargeable battery.

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Power chairs and electric power wheelchairs are other names for electric wheelchairs. Due to their battery-powered mobility, they don’t need any human aid. The fact that electric wheelchairs are convenient and easy to use is their most obvious benefit.

These electric wheelchairs are helpful for people who are unable to use manual wheelchairs or who may desire to utilize wheelchairs for longer trips where it would be very challenging to use a manual wheelchair. They may be utilized by individuals with cardiovascular disorders or who have encountered any unintentional conditions in addition to those with standard mobility disabilities.

Electric Wheelchair Market: Drivers and Restraints

Factors that are driving the growth of the global electric wheelchair market are the growing worldwide elderly population, the necessity of automated wheelchairs for disabled people, and the high disposable income of people from developed countries such as the UK, France, Germany, the US, Canada, and Japan. Furthermore, increasing demand for advanced wheelchairs from the sports industry is also influencing the growth of the electric wheelchair market, as many sports events are organized specially for disabled persons.

Apart from several advantages, the global electric wheelchair market is also facing some challenges such as the high cost of electric wheelchairs and lack of awareness and infrastructure. However, these issues are expected to reduce during the forecast period.

Electric Wheelchair Market: Region-wise Outlook

The global electric wheelchair market is estimated to witness robust growth through 2025 due to growing technological advancement in the electric wheelchair industry, new products are equipped with gadgets for accessibility and control. The North American region led the market in 2014 in terms of the highest demand. In the US, the government provides medical insurance to people over the age of 65, which also helps them to get medical facilities at subsidized rates.

High purchasing power, increasing elderly population, and consumer awareness, and inclination towards more sophisticated technology have driven the progress of the electric wheelchair market in this region. In the coming years, developing countries such as India, China, and Brazil are expected to boost the demand for electric wheelchairs. It is mainly because of the gradual increase in consumer awareness and the development of medical facilities in this region.

Electric Wheelchair Market: Key Players

The key international players operating in the electric wheelchair market include OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG, Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC and Others.

All these key players are focusing on delivering the best value products to their customers. Customized offerings and product innovation is a common strategies adopted by most of the key players. These electric wheelchair manufacturers offer a large variety and different sizes of wheelchairs to meet the demand of individuals depending upon their weight and height.

Key Segments Profiled in the Electric Wheelchairs Market Survey

By Product Type:

• Center Wheel Drive
• Front Wheel Drive
• Rear Wheel Drive
• Standing Electric Wheelchairs

End Users:

• Hospitals & Clinic
• Home Care
• Sports Conditioning

By Region:

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

Report Customization available @
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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com