Market Research Blog

The Safety Laser Scanner Market is estimated at US$ 298.1 Mn in 2022 to US$ 402.2 Mn in 2027, likely to surge at a vigorous 6.2% CAGR during the assessment period 2022 – 2027. The report positions the high accuracy level of safety laser scanners to remain the primary factor boosting their demand, and further projects that brisk growth in the shipments of mobile safety laser scanners will continue to contribute significantly to the revenue growth of the safety laser scanner market in the coming years.

A large number of manufacturing companies are encouraging the demand growth in safety laser scanners for packaging and logistical operations, which is a high impact factor driving the market growth at present.

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Automotive Applications Continue to Drive Maximum Shipments

With rising concerns of the safety of industrial workers as well as machinery, it is more likely that the safety laser scanner sales would remain on a constant high over the course of coming years. Favorable regulations driven by various regional governments regarding industrial safety are playing a pivotal role in pushing the adoption of safety laser scanners across various industrial verticals.

Accounting for more than 35% share of the global market value in safety laser scanner landscape, automotive industry remains the most prominent end use industry, says the report. While vehicle navigation and a heap of more such applications have been maximum scope of applicability for safety laser scanners, the report also sheds light on the several other end use applications of safety laser scanners in consumer electronics, F&B, healthcare, and pharmaceuticals.

Report Evaluates Competition on the Global Landscape

The report analyzing global safety laser scanner market provides detailed profiles of leading companies operating in the market, revealing their strategic developments. While some of the profiled market players include Rockwell Automation, Panasonic Corporation, Keyence Corporation, Sick AG, Omron Corporation, Leuze Electronic GmbH, and a few others, a majority of them are retaining their strategic focal point on the product quality improvement and innovation. Moreover, according to the report, the likes of Sick AG are concentrating on delivering improved customer experience by augmenting investments in product upgrades.

Higher Applicability of Safety Laser Scanners Projected in APEJ’s Pharma & Healthcare Sectors

Owing to strong presence of established manufacturing brands utilizing safety laser scanners on a large scale, North America’s market safety laser scanner is slated to hold leading contribution in the global market revenue. Brisk progress of the automotive industry riding on the cutting edge technological innovations will remain the key factor enabling this region to maintain the lion’s share in safety laser scanner landscape at a global level.

On the other side, bolstering shipments of safety laser scanners targeting applications in the rapidly expanding healthcare and pharma industries is likely to underpin improved penetration of safety laser scanner into developing economies in Asian region. In addition, highly lucrative opportunities residing in Asia Pacific for consumer electronics manufacturers are expected to present attractive investment avenues to safety laser scanner manufacturers over the upcoming years. The report forecasts a significant year on year revenue growth for safety laser scanner market in APEJ.

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Safety Laser Scanner Market Survey By Category

By Type:

• Stationary Safety Laser Scanner
• Mobile Safety Laser Scanner

By End User:

• Automotive
• Food & Beverages
• Healthcare & Pharmaceuticals
• Consumer Electronics
• Others

Region:

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

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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Global deployment of base station analyzers will represent over 200 (‘000) units in 2019 due to continued demand from the IT and telecommunication industries.  A recently published research report evaluating the base station analyzer environment estimates it to be just over 5% per year. About $1 billion in market revenue increased over what was achieved in 2018.

While the greatest potential for base station analyzer installations is identified in the semiconductor and electronics sectors, the IT and telecom sectors and the industry’s total revenue share is estimated at over 55% in 2019.

It is reported that the deployment of base station analyzers in developing markets such as China and India will continue to increase due to dramatic changes in the telecommunication industry, superior Internet reach, and rapid IoT penetration across industries. On the other hand, Japan is also referred to as a lucrative investment pocket for base station analyzer manufacturers, with the exception of Europe and North America.

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VIAVI Solutions Inc. Launches First 5G Base Station Analyzer

The report highlights the importance of 5G and other next-generation technologies that are currently under the spotlight of strategic developments by leading companies operating in the base station analyzer market. Leading manufacturers of high-performance base station analyzers to support already operational WiMAX, 2G, 3G and 4G networks are now shifting their focus to developing optimally operable base station analyzers for upcoming 5G connections.

The growing deployment of wireless technology infrastructure is cited as the most prominent driver driving the demand for base station analyzers worldwide. VIAVI Solutions Inc., one of the market leaders, recently unveiled the industry’s first ‘true’ 5G base station analyzer to meet the needs of 5G NR and 5G TF standards. Claimed to have the capabilities to verify and troubleshoot 5G wireless access, CellAdvisor 5G is poised to strengthen the company’s relationship with its Tier 1 customer companies, facilitating further product innovation.

Favorable position in APAC with impressive and positive prospects for 5G technology

The rapid penetration of 5G technology has closely supported the growth of the Asian market in the field of base station analyzers. This has been further strengthened by increasing foreign direct investment in the Asia Pacific region, particularly China and India.

The growing importance of high-speed internet connections, coupled with the active adoption of advanced technologies across industries, is likely to boost the demand for base station analyzers in Asia significantly over the next few years.

The report highlights the analysis of the pivotal role of government-led FDI in creating lucrative business opportunities residing in developing countries for the world’s leading brands in the base station analyzer market.

Advances in next-generation technology deployments boost developed regional markets.

North America, a major market for base station analyzer manufacturers, is expected to maintain a significant position in the global environment owing to strong government and regulatory support for adoption of 5G technology. Looking at the rate of expansion of next-generation technologies in North America, it is more likely to witness the emergence of 5G wireless applications in the regional market of base station analyzers in the near future.

Although the US is said to be the first country to accept a large 5% wireless application, the study predicts a healthy growth prospect for the US base station analyzer market. On the other hand, Europe is already deploying a number of next-generation technologies in the wireless category, so it is likely to retain high potential business opportunities for base station analyzer manufacturers in the next few years.

Benchtop Base Station Analyzer Ships Facing Fierce Competition from Laptops

Benchtop base station analyzers can continue to maintain a market value share of around 40% compared to portable and handheld analyzers due to their superior performance and durability. However, hand-held base station analyzers offer attractive opportunities.

Although the advanced features of benchtop base station analyzers can keep deployments higher than others, the report highlights installations for RF test and wireless applications as important factors influencing segment growth. As their popularity grows in the ICT industry, portable base station analyzers will witness an increase in demand, especially from network engineers and RF test engineers.

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Manufacturers need to keep their focus on stronger distribution networks.

The in-depth assessment of the global competitive landscape of the Base Station Analyzers Market points to a prominent majority of players in the market who are watching for opportunities to expand their global distribution networks. Manufacturers are likely to enter contractual partnerships with key suppliers in an effort to gain a foothold in the market.

This study covers some of the major players competing in the global base station analyzer space including, but not limited to, RF Industries, Keysight (formerly Agilent), Anritsu, Tektronix, fieldSENSE, GW Instek, Rohde & Schwarz, Fluke Corporation, Rigol Technologies . Inc. and CommScope.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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The Industrial Agitators Market is predicted to expand at an impressive CAGR of 8.6% to attain a net worth of US$ 2.15 Bn in 2022 and US$ 3.24 Bn by the end of 2027.

“Agitators are used across a host of end-user industries, such as pharmaceutical and biotech, food and beverages, oil and gas, coatings and paints, adhesives and sealants, and brewing and distillation, given its maximum operational reliability for any mixing task—ranging from homogenization and suspending to dispersing and gassing. In addition, the demand is projected to remain high among small and medium-sized businesses (SMBs)”, Senior Analyst, FMI

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APAC Continues to Reflect Potential Installation Opportunities

Regionally, demand for industrial agitators is expected to remain concentrated in North America given the consolidated presence of manufacturers, the trend is likely to be followed closely in the emerging markets of APEJ. Expanding manufacturing sector combined with a visible shift towards efficient production capacities from conventional utilization capacities, will drive up industrial agitators sales in Asia Pacific, in the coming years.

Substantial Demand Noted in Pharma Mixing Processes

Although in terms of value, the chemicals industry is projected to exhibit maximum demand for industrial agitators, pharmaceutical industry is also likely to witness significant industrial agitators demand for keeping the medicine-making clean and sanitary. The industrial agitators used in pharmaceutical industrial are specifically equipped with efficient mixing and dispersing technology while offering uniform distribution of substances and product stability. Moreover, advanced mixing solution offered by industrial agitators during biotechnological production, active pharmaceutical ingredient synthesis production, and hydrogenation of intermediates will supplement to higher sales demand of industrial agitators.

The food and beverages industry is also expected to showcase notable demand for industrial agitators given the stringency in regulations centered around sanitary food-grade mixing applications for ensuring quality of food products. For the manufacturers, such diverse application landscape is likely to bring along product differentiation and customization opportunities, suited to specific industry.

Top-entry Industrial Agitators Gets the Top Spot

Accounting for approximately 70 percent market share, top-entry industrial agitators will dominate the overall adoption landscape, specifically in the chemicals industry. Advantages such as fast mixing, high energy efficiency, zero in-tank maintenance, and adjustable speed and power will make top-entry industrial agitators the most cost-effective mixers.

Manufacturers are increasingly offering customized top-entry industrial tank agitator solutions to meet the unique liquid characteristics for mixing processes in various tanks including, plastic tank, FRP tank, and those made of stainless steel.

On the other hand, side entry industrial agitators will also gain prominence, arising from the shortcomings of top-entry industrial agitators such as need for a large support structure and a higher initial capital cost. Side entry industrial agitators tend to yield homogeneity with lesser capital during acceptable blend durations apart from effectively blending low viscosity liquids.

The global market for industrial agitators showcases a relatively fragmented landscape, specifically in terms of raw material supply scenario.The global industrial agitators market may remain affected arising from fragmented supply base with varying degree of supplier capabilities, intricate pricing and discounting structure, and low profit margins.

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Key Segments of Industrial Agitators Industry Survey

Industrial Agitators Market by Type:

• Top Entry Industrial Agitators
• Side Entry Industrial Agitators
• Bottom Entry Industrial Agitators

Industrial Agitators Market by Model:

• Large Tank Agitators
• Drum Agitators
• Portable Agitators
• Tote Agitators

Industrial Agitators Market by End User:

• Industrial Agitators for Chemicals
• Industrial Agitators for Pharmaceuticals
• Industrial Agitators for Food and Beverages
• Industrial Agitators for Paper and Pulp
• Industrial Agitators for Waste and Wastewater Treatment
• Industrial Agitators for Oil, Gas and Petrochemicals

Industrial Agitators Market by Region:

• North America Industrial Agitators Market
• Latin America Industrial Agitators Market
• Europe Industrial Agitators Market
• East Asia Industrial Agitators Market
• South Asia & Pacific Industrial Agitators Market
• Middle East & Africa (MEA) Industrial Agitators Market

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The Disaster Recovery-as-a-Service Market is currently valued at USD 75.22 Bn in the year 2030, likely to surge at a vigorous 24.8% CAGR during the examination period 2022 – 2030.

With the rising cases of cyber-crime in recent years, the demand for the disaster recovery-as-a-service (DRaaS) market is surging exponentially. Steered by the rapid penetration of the internet and increasing digitization, a staggering volume of data is generated on a daily basis. This also has led to surging threats, especially the risk of cyber-attacks.

The disaster recovery-as-a-service market is gaining traction due to its flexibility and cost-effectiveness. Deployed over the cloud, DRaaS can store and compute data instantly and hence it is used widely to speed up various enterprises’ functionalities.

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Despite facing a few constraints due to the COVID-19 pandemics, such as closed manufacturing units, travel constraints, nonoperational working units, and others, the market is expected to keep growing over the forecast period.

Due to having several advantages over conventional services, such as no space constraints, fast recovery time, and others, the DRaaS market demand is projected to escalate further in the coming years.

As the global market competition is expected to increase further, the key market players such as Amazon Web Services, Axcient, Citrix, IBM, Microsoft, Sunguard, and others are approaching strategic ways to excel.

Some of the key takeaways from the report are highlighted below-

• The extensive flexibility of the DRaaS market, is catering to the market growth
• As DRaaS market is capable of providing cost-effective solutions, it is gaining rapid popularity across the world
• Advancement of digitization is projected to further market growth during the upcoming years
• Managed service provider segment among service providers is expected to forecast growth at a higher rate among forecast period. Managed service providers offer DRaaS solutions that are designed to duce the burden of data protection and data security among organizations
• Public cloud segment is expected to dominate in terms of deployment. By the end of 2020, it is expected to account for over 49% of the global market

COVID-19 Impact Analysis on Disaster Recovery as-a-Service Market

With COVID-19 tightening its noose around the world, organizations are compelled to incorporate work from home policies to ensure safety of their employees. To ensure hassle free operations even while employees work remotely, these organizations are offering various cloud-based solutions and VPN to enable easy access to information.

Business continuity and disaster recovery plans are tested by challenges such as travel restrictions, and remote working. According to survey by Mercer Business only 17% of organizations had a business continuity plan and are ready for impact of COVID-19 and 51% had no business continuity plan. Consequently, the adoption of DRaaS solutions is likely to surge by 27% to 29% between 2019 and 2020.

Who is Winning

As the global DRaaS market growth is accelerating rapidly, the key market players such as Amazon Web Services, Axcient, Citrix, IBM, Microsoft, NTT Communication, and others are adopting various strategies and increasing their investment towards technological advancements to gain competitive edge.

For instance, Sunguard has launched their advanced disaster recovery (DR) program which provides complete business resilience across cloud and physician IT. They have also brought their self-service along with application recovery, fully operational computing systems, and network capability.

IBM has launched their Resiliency DRaaS in order to enable rapid and reliable recovery of business-critical applications, and data within minutes on an outage. In the Forrester Wave™ report Q2 2019, IBM named leader in DRaaS.

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More Valuable Insights on Disaster Recovery as-a-service Market

In the latest report by Future Market Insights, we offer a thorough, unbiased analysis of the global disaster recovery as-a-service market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2022-2030.

Disaster Recovery-as-a-Service Industry Survey

Disaster Recovery-as-a-Service Market by Service Type:

• Recovery & Backup Services
• Data Protection Services
• Real-time Replication Services
• Professional Services
• Managed Services

Disaster Recovery-as-a-Service Market by Service Provider:

• Cloud Service Providers
• Telecommunication Service Providers
• Managed Service Providers

Disaster Recovery-as-a-Service Market by Deployment:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Disaster Recovery-as-a-Service Market by Enterprise Size:

• Small- and Medium-sized Enterprises (SMEs)
• Large Enterprises

Disaster Recovery-as-a-Service Market by Industry:

• BFSI
• IT & Telecommunication
• Retail & Consumer Goods
• Government
• Healthcare
• Media & Entertainment

Disaster Recovery-as-a-Service Market by Region:

• North America Disaster Recovery-as-a-Service Market
• Latin America Disaster Recovery-as-a-Service Market
• Europe Disaster Recovery-as-a-Service Market
• East Asia Disaster Recovery-as-a-Service Market
• South Asia & Pacific Disaster Recovery-as-a-Service Market
• Middle East & Africa (MEA) Disaster Recovery-as-a-Service Market

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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The Encoder Market is expected to witness moderate growth, registering a 7.7% CAGR during the forecast period (2022 – 2030). The Market is projected to reach US$ 2.17 Bn in 2022 and US$ 3.95 Bn by 2030.

Key Takeaways of Encoder Market Study

• The optical sensing encoders segment is expected to witness a notable growth rate, owing to increasing demand for enhanced resolution and accuracy for optical technologies
• South Asia & Pacific is expected to create lucrative growth opportunities for players in the encoder market, attributed to the rapid growth of the automobile and manufacturing industry in the region
• The market concentration in the global market is consolidated, over half of the market share is expected to hold by the top 10-12 manufacturers
• Key players in the market are focusing on acquisitions to complement their product portfolio to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end-users to improve direct customer relations

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Encoder Market Landscape

The global encoder market is highly competitive due to presence of a large number of medium- and large-sized encoder manufacturers and service providers.

Tier-I participants in the encoder market are estimated to hold around 45%-55% of the market share. Product development and innovation is the key strategy of encoder manufacturers in the encoder market to increase their market presence and enhance end user experience.

For instance, June 2020, FRABA B.V. introduced an inexpensive and flexible alternative for safety-critical motion control systems. It provides various application for new safety-ready encoders range from heavy construction equipment and mobile machines.

This report provides valuable insights at the company level, focusing on product innovation in the encoder market, along with business and marketing strategies of emerging market players.

Some market players included in the report are OMRON Corporation, Baumer Electric AG, Schneider Electric, Panasonic Corporation, Renishaw plc, Honeywell International, Inc., Rockwell Automation, Inc., and amongst others.

Impact of COVID-19 Pandemic Outbreak on Encoder Market

The worldwide spread of COVID-19 pandemic in Q1, 2020 has impacted the production of encoder products such as linear encoders, and rotary encoders and has also disrupted the encoder products industry and supply chain during the lockdowns. The majority of the end-use industries manufacturing facilities have been shut down for the preventive measures against the COVID-19 epidemic.

Moreover, in 2020, the production is expected to witness a slowdown, and the majority of manufacturers are expected to maintain the inventory level.

Before COVID-19, the global market for encoder was anticipated to increase at 7.5%-8% market growth in 2019, whereas post-COVID-19 scenario, the market for encoder is projected to declining growth of -1.5% as compared to original forecast 2019.

The COVID-19 crisis is expected to add to an uncertain long term impact on the global market. The global encoder market is expected to witness rebound from the first to the second quarter of 2021.

Future Outlook for Encoder Market

Encoder products are used in different industries applications such as automotive, consumer electronics, aerospace & defense, healthcare & medical devices, industrial and among others.

Increasing usage of the encoder in industrial applications due to the adoption of upcoming technologies such as automation, robotics, and smart manufacturing is expected to offer lucrative growth opportunities in the encoder market.

A major growth driver of the global encoder market is the increasing number of orders placed for advanced and expanding applications, along with transition of traditional and manual controls to state-of-art automation.

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More Valuable Insights on Encoder Market Report

Future Market Insights offers an unbiased analysis of the global encoder market, providing historical data for 2015-2019 and forecast statistics from 2022-2030.

Encoder Industry Survey Segmentation

Encoder Market by Type:

• Linear Encoders
• Rotary Encoders

Encoder Market by Position Signal:

• Absolute Encoders
• Incremental Encoders

Encoder Market by Sensing Technology:

• Optical Sensing Encoders
• Magnetic Sensing Encoders
• Capacitive Encoders
• Inductive Encoders

Encoder Market by Application:

• Automotive
• Consumer Electronics
• Aerospace & Defense
• Healthcare & Medical Devices
• Industrial
• Others

Encoder Market by Region:

• North America Encoder Market
• Latin America Encoder Market
• Europe Encoder Market
• East Asia Encoder Market
• South Asia and Pacific Encoder Market
• Middle East and Africa Encoder Market

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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The Loudspeaker Market revenue totalled ~US$ 3,726.9 Mn in 2022 and is projected to reach ~US$ 5,639.1 Mn by 2028, growing at a CAGR of 7.1% from 2022 – 28. FMI delivers key insights about the global loudspeaker market in its report titled “Loudspeaker Market: Global Industry Analysis 2017 – 2021 and Opportunity Assessment 2022 – 2028.” Among the types of loudspeakers, the stereo speakers segment is estimated to register the highest growth in the global loudspeaker market.

Under the loudspeaker speaker design segment, the with diaphragm loudspeaker segment is expected to dominate the global loudspeaker market throughout the forecast period. On the basis of deployment, the indoor deployment loudspeakers segment is expected to register the highest market share in the global loudspeaker market by the end of the forecast period.

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The global loudspeaker market is expected to register an annual revenue of US$ 3,214.6 Mn by the end of 2020. The predominant regions, i.e., North America, Western Europe, Latin America and SEA & others of APAC, are expected to jointly account for a majority share of the global loudspeaker market. The loudspeaker markets in Southeast Asia & other Asia Pacific and North America are expected to dominate the global loudspeaker market during the forecast period.

These days, people are reluctant to use the old methods of playing music through loudspeakers, which include the usage of compact discs, cassettes and the like, however, the introduction of music streaming platforms globally has made it easy for users to play their choice of music on-demand. This has supported the growth of the loudspeaker market by driving the customer base for loudspeakers. Another factor driving the loudspeakers market is the popularity of these loudspeakers at public places such as cinemas, restaurants, concerts, etc., which has significantly boosted the loudspeaker market. Moreover, individual entertainers prefer to use loudspeakers during their outdoor shows, which indicates that the price standards of loudspeakers are decreasing day by day.

The interaction of loudspeaker systems with the environment around them determines whether their usage in a particular environment is appropriate. Indoor deployment loudspeakers are generally used for a room and not for open places or places that host public events. In contrast, outdoor deployment loudspeakers are mostly used in venues that host public events such as concerts, theatres, restaurants, etc. A network of loudspeakers is placed at different places in these venues.

The speakers with a diaphragm assembly for the generation of sound waves are termed as diaphragm speakers. The speakers with diaphragm include moving-iron loudspeakers, piezoelectric speakers, magnetostatic loudspeakers, magnetostrictive speakers, electrostatic loudspeakers, ribbon & planar magnetic loudspeakers, bending wave loudspeakers, flat panel loudspeakers, Heil air motion transducers, transparent ionic conduction speakers and others. On the other hand, the speakers that do not work on the diaphragm-based loudspeaker model are termed as speakers without a diaphragm. Plasma arc speakers, thermoacoustic speakers, rotary woofers and others are included in this category.

The market of Southeast Asia and others of the Asia Pacific region is expected to dominate the loudspeaker market in terms of growth rate, followed by the Latin America market. The loudspeaker market of North America is estimated to expand significantly over the forecast period. The Eastern Europe loudspeaker market is expected to register moderate growth with a total incremental dollar opportunity of 214.9 Mn. However, by the end of 2028, the North America loudspeaker market is expected to be followed by the Western Europe loudspeaker market in terms of value due to the good distribution channels of major loudspeaker market players in these regions in addition to their large presence.

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According to FMI analysis, the introduction of loudspeakers with advanced features by loudspeaker providers as well as strategic collaborations, acquisitions and mergers will help increase the overall corporate revenue in the global loudspeaker market. Examples of some of the participants included in the global loudspeaker market report are Yamaha Corporation; LG Electronics Inc.; Klipsch Group, Inc. (A VOXX International Company); Harman International Industries; Bose Corporation; Creative Technology Ltd.; Logitech International S.A; Sony Corporation; Panasonic Corporation; Bowers & Wilkins and Sound United LLC.

Loudspeaker Market Outlook by Category

By Deployment, Loudspeaker Demand is segmented as:

• Indoor
• Outdoor

By Speaker Design, Loudspeaker Outlook is segmented as:

• With Diaphragm
• Without Diaphragm

By Type, Loudspeaker Outlook is segmented as:

• Portable Loudspeakers
• Soundbars
• Home Theatre Arrays
• Multimedia Systems
• Stereo Systems
• Others

By Region, Loudspeaker Sales is segmented as:

• North America
• Latin America
• Western Europe
• Eastern Europe
• SEA and other of APAC
• Japan
• China
• Middle East and Africa (MEA)

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