Promising Consumption and R&D Scenario to Keep Asia Pacific ahead in Global Mobile Robotics Market

Mobile robotics is one of the world's fastest evolving industry with applications in diverse industries such as manufacturing, aerospace, mining, agriculture, and medicine. With a rapid pace of technological advancements, the mobile robotics industry is scaling new heights in terms of the variety of products with enhanced functionality, precision, and effectiveness it offers these days. Enhanced products are finding escalating demand across industries and the market is treading along a healthy path of growth. Combined with an excellent pace of technological advancement and the rapid rise in demand, the global market for mobile robotics is expected to expand at an excellent pace in the next few years.

According to a new report by Transparency Market Research, the global market for mobile robotics will exhibit a 15.60% CAGR from 2017 to 2025, rising to an opportunity of US$30.96 bn by the end of 2025 from US$8.58 bn in 2016.

In this post, TMR analysts highlight some of the key trends associated with the present state of development of the global mobile robotics market:

Q. What are the key factors expected to have a major positive influence on the overall development of the market?

A. The sector of industrial manufacturing has provided the market for mobile robotics its largest and most lucrative set of applications in the past few years and continues to be one of the key end-users prompting technological and other esthetic improvements in the mobile robots presently available. Not only manufacturing, a number of other industries are also continuously presenting an increased demand for mobile robots for fulfilling a variety of applications and automated operations. This escalating demand for industrial mobile robots across several industries is reflecting positively on the overall growth prospects of the global mobile robotics market.

In the next few years, the market is expected to benefit significantly from factors such as the massive rise in labor costs, demand for scaling up production volumes, and a rapidly ageing workforce. While these factors will create a substantial store of opportunities for the higher deployment of mobile robots across industries, factors such as the high initial costs of technologically advanced robots could rein in the growth of the market to a certain extent, restricting its expansion to mostly developed economies.

Q. Geographically, which regional market has the most promising growth opportunities?

A. From a geographical point of view, the market for mobile robotics presently earns the dominant share of its revenues from the market in Asia Pacific. In 2016, the Asia Pacific market accounted for a dominant share of over 32.2% in the global market. A thriving robotics industry and the promising research and development scenario in countries such as Japan, South Korea, and China, the Asia Pacific mobile robotics market is expected to remain at the forefront of the global market in terms of development in the near future. The thriving industrial sector in the region is also expected to remain one of the key consumers of mobile robots in the near future.

The market in North America is also expected to remain one of the leading regional markets for mobile robotics. The region will emerge as one of the most lucrative consumer markets for mobile robots and will prove to be lucrative for product varieties such as lawn mowing robots, floor cleaning robots, leisure robots, and entertainment robots. Demand will be most prominent in the U.S. and Canada markets. 

Connectivity Technologies to Play Pivotal Role in Cloud Robotics Market Growth

The rise of cloud connected robots and their extending applications are required to drive the worldwide cloud mechanical technology advertise. Cloud connectivity provides expanded information stockpiling, aggregate learning arrangements, and expanded mental aptitude. Increment in the take-up of cloud mechanical autonomy is in this manner on cards ensuing to headways in the cloud innovation. Furthermore, the surging interest for computerization crosswise over healthcare, agriculture, logistics and defense, automotive, and manufacturing sectors is anticipated to push the use of cloud robotics. 

Transparency Market Research (TMR) has prophesized the market to extend at a noteworthy 32.4% CAGR in the vicinity of 2016 and 2024. The market for cloud robotics was esteemed at US$1.38 bn in 2015. Considering its pace of pick up, the market is estimate to achieve US$21.94 bn before the finish of 2024. 

Among the different organizations, Fanuc Corporation, Calvary Robotics, Kuka Robotics, ABB Group, and Wolf Robotics have refinement of being the main organizations. Be that as it may, this progression can change sooner rather than later with the appearance of cutting edge innovations. Consequently, endeavors are in progress by the main undertakings to find out reasonable development. As a feature of procedure, the organizations are taking part in different mergers and acquisitions, concentrating on innovative work and advancing client encounter through interest in cloud robotics.

How is automation anticipated to aid in the growth of the global market for cloud robotics?

The rising interest for mechanization crosswise over businesses is the main driver of the worldwide cloud robotics market. The requirement for enhancing productivity in assorted modern procedures is fuelling the interest for computerization, which thus will make open doors for conveying cloud mechanical technology. As these robots use mechanical, electrical, and programming frameworks for higher exactness, speed, and accuracy, their establishment is relied upon to increment soon. 

With fast headways in manufactured innovation, the worldwide cloud apply autonomy advertise is gauge to witness more prominent open doors sooner rather than later. Other than this, the multiplication of distributed computing and huge information examination stage will help the development of the worldwide cloud robotics market.

How will data theft act as a limitation to the market growth?

Regardless of the current open doors, the helplessness to security dangers and information burglary could restriction the market's development to a degree. Cloud robotics comprises basic data from customers including their own information. The danger of hacking along these lines puts individual protection and security of people at risk. By and by, the market anticipates immense potential in the birthing of cutting edge advances, for instance, 5G. While conveying cloud robotics, solid and consistent network is the way to guarantee that robots play out their errand productively, independent of nature they are in. With the coming of 5G innovation, the market will have more secure stage for sending and more extensive reach. 

Which regions are likely to be the focus of the market players in the coming years?

While North America rose as the overwhelming business sector in 2015, Asia Pacific will demonstrate the most noteworthy CAGR amid the conjecture time frame. TMR gauges, the Asia Pacific cloud robotics market to ascend at a CAGR of 33.9% in the vicinity of 2016 and 2024. Amid this time, Japan and China will show the most lucrative prospects in the market. 

The market for cloud robotics is still at an incipient stage, which clarifies the centralization of driving additionally in light of the fact that they are the early innovation adopters. Developing countries will soon get up to speed with record of the expanding interest for cutting edge innovations saw in the region. 

Innovation to Play an Important Role in Development of Anti-reflective Glass Coatings Market

Keeping in mind the end goal to take a walk over their rivals, sagacious makers in the worldwide anti-reflective glass coatings market are seen betting on item advancement. To that end they are putting resources into innovative work and furthermore extending their plants. They are additionally banding together with providers to help their positions. 

A portion of the principle drivers of development in the worldwide anti-reflective glass coatings market are projector focal points, shopper gadgets, development, media communications, and eyewear industry. The abnormal state of solidness of hostile to intelligent glass is serving to support their take-up in vehicle and sun based power enterprises also. Hosing their request, then again, is the stringent standards relating to the crude materials utilized as a part of detailing anti-reflective coatings. 

A report by Transparency Market Research predicts the volume in the worldwide anti-reflective glass coatings market to grow at a CAGR of 9.5% amid the period in the vicinity of 2017 and 2025. Ascending at this stride, the market is required to wind up plainly 1,790.5 square meter by 2025.

Some of the core players operating in the global market for anti-reflective coatings are DSM, Truvue, PPG, Honeywell, Saint Gobain, Schott AG, Falkberg, Guardian Glass, and Anthony International. Leading organizations in the worldwide anti-reflective glass coatings market are utilizing multi-pronged techniques to outgun each other. Item separation is one of them. Producers have been emptying cash into improvement of powerful and reasonable coatings utilizing propelled innovation. They are additionally banding together with providers to connect with more clients. 

Another observable pattern in the worldwide anti-reflective coatings market is extension of assembling offices by smart players. Many are concentrating especially on against intelligent coatings for solar boards which are seeing expanding take-up.

Which product is anticipated to drive the market growth over the coming years?

Anti-reflective glasses give high level of lucidity and straightforwardness. Projector lenses are significantly fuelling their request in the market as a standard anti-reflective glass, with least reflection on the two sides, transmits right around 98% light and results in only 1% lingering reflection. 

Aside from that, the blossoming consumer electronics, development, broadcast communications, and eyewear market is additionally stirring development in the worldwide anti-reflective glass coatings market. In the development division, for instance, the expanding consumption on tasteful enhancements over various key territorial markets is prompting the expanded take-up of glass with against intelligent properties. Anti-reflective glass coatings are likewise observing quick take-up in the car business and furthermore sun based boards due to their toughness. The taking off offers of eyewear too is boosting take-up of anti-reflective glass coatings market.

Strict Rules Concerning Raw Material Application to Hamper Market 

Representing a barricade to the worldwide anti-reflective glass coatings market, then again, is the stringent standards relating to the crude materials utilized as a part of figuring anti-reflective glass coatings. Moreover, absence of learning about the advantages of hostile to intelligent coatings among purchasers is additionally hampering demand. 

Be that as it may, proceeded with push on item improvement, for instance, scratch safe and brutal condition safe anti-reflective glass coatings, will enable makers to help listing deals. 

Global Ion Exchange Resins Market: Increasing Demand for Treating Waster Water and Industrial Water to Drive Growth of Market

Key players in the global market for ion exchange resins are seen to be investing heavily into the development of new products and the broadening their current capacities so as to strengthen their market position. The companies are also trying to focus on expanding the geographical horizons, especially in the emerging nations of Asia Pacific which are projected to have an abundant room for the growth of the market. 

Some of the key players in the global market for ion exchange resins include names such as Ionic System Ltd., Dow Chemical Company, Lanxess AG, Purolite, Mitsubishi Chemical Corporation, ResinTech Inc., and Eichrom Technologies LLC among others. Last year, ResinTech Inc., announced its plan to relocate its headquarters for corporate affairs and build brand new manufacturing plants in Camden, New Jersey. This move will permit the filtration and water treatment company to create 250 new jobs in the area of Camden and also will add 55 employees to the working staff of the new manufacturing facility. The announcement is backed by of nearly US$138 million in tax credits by the Economic Development Authority (EDA) of New Jersey during the monthly meeting of the board in October. Jeffry Gottlieb, CEO of ResinTech Inc., hopes to inaugurate the new manufacturing facility by late 2017. 

The global ion exchange resins market stood at an overall market valuation of US$2.40 bn in the year 2016. This valuation is expected to grow and reach a figure worth US$3.66 bn over the course of the given forecast period of 2017 to 2025. The growth of market is estimated to be achieved with the help of a steady CAGR of 4.9% over the same forecast period. 

What Factors Influence Upward Growth of Global Ion Exchange Resins Market?

The global market for ion exchange resins is expected to receive a strong boost from the segment of water and wastewater treatment sector. With mere 60% of the overall industrial wastewater being treated, that leaves near about 40% of untreated water unfit for consumption or any practical use. Sewage water, specifically in the urban areas, is increasing day by day. Treatment of these wastewaters need ion exchange resins. And thus, with growing urbanization, the demand for ion exchange resins is also expected to grow to treat such modern day problems. In addition to this, industrialization is also helping in pushing the upward growth of the global ion exchange resins market since maintaining a certain level of quality of water is necessary to match up with the requirements of wide range of industrial processes. Industrial processes such as cooling, rinsing, and heating among others need huge amounts of processed water. All these factors are thus expected to drive the growth of the global ion exchange market. 

What Factors Drive Growth of Asia Pacific Market?

In terms of geography, the global market for ion exchange resins can be segmented into key regions such as North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. The global market has been largely dominated by North America, with the region accounting for more than 32% of market share in 2016. Asia Pacific region is expected to show most promising growth over the coming years of forecast owing lucrative opportunities in the market such as growing demand for waste water, industrial water, and municipal water treatment. Europe is also projected to have a profitable market owing to the expansion of nuclear power and pharmaceutical end use industries in the region during the forecast period.

Electric and Hybrid Vehicles Driving Global Automotive Battery Market

Global warming has caught the attention of the world in the recent past and hence, practices that help in reducing the emission of greenhouse gases are being encouraged like never before. The advent of electric and hybrid vehicles is one such innovation that is being aggressive pursued as automobiles are held as culprit for a large chunk of atmospheric pollution. For electric vehicles to truly achieve their potential, the development and availability of battery is essential. Consequently, the global market for automotive batter is in for a fruitful future.

As per a recent business and commerce study by Transparency Market Research, the demand in the global automotive battery market will increment at a CAGR of 5.7% during the forecast period of 2017 to 2022, with the total revenue in the market estimated to swell up to US$54.5 bn by 2022.

What are the key factors driving the demand for automotive battery?

The global automotive battery market is primarily driven by the growing demand for transportation, of goods and people alike, increasing integration of electronics with vehicles, the growing need to curb pollution and safe the environment, fuel saving and government incentives for cleaner transportation, and advent of hybrid and electric automotive models from original equipment manufacturers. On the other hand, underdeveloped support infrastructure for EVS, growing concerns regarding battery usage, high initial cost, limited range, and fluctuating price of raw materials are some of the challenges obstructing the prosperity of the global automotive battery market. Nevertheless, growing demand for hybrid and electric vehicles and aggressive research and development pertaining to batteries are expected to open new opportunities for the vendors operating in this market.

Which market segments are showing greater promise?

On the basis of chemical composition type, the global automotive battery market gains maximum demand for the segment of small sealed lead acid (SSLA), which accounted for 38 percent of the total demand in 2017. The demand for this particular segment is projected to increment at an above-average CAGR of 6.7% during the said forecast period. Lithium-ion (Li-ion), Nickel-Metal Hydride (Ni-MH), and Nickel-Cadmium (Ni-Cd) are other chemical compositions studied under this report. 

Which region has the maximum potential?

Europe has emerged as the most lucrative region for the vendors operating in the global automotive battery market. Several countries in this region have implemented strong environmental regulations and promoted the concept of electric vehicles. By the end of 2022, the Europe automotive battery market is estimated to be worth US$15.1 billion. At the same time, the report picks out Asia Pacific excluding Japan (APEJ) as another key region to focus on. The simple volume of vehicle production in the emerging economies of India and China is humongous and the trend of battery driven automotive is quickly catching up, particularly for public transport.

What is the nature of competitive landscape?

The shares in the global automotive battery market is distributed among a large number of companies, such as Haldex Incorporated, Johnson Controls International plc., ZF TRW Automotive Holdings Corporation, EnerSys, Hitachi Ltd., Furukawa Electric Co. Ltd., GS Yuasa Corporation, Leoch International Tech, Crown Battery Manufacturing Company, and Exide Industries Limited. Most of these vendors are investing on research and development of products that meet environmental concerns and offer greater reliability.

Global PAG Base Oil Market to Witness Healthy Growth on Account of High Demand from Automotive Industry

The growing automotive industry is having a positive impact on the global polyalkylene glycol (PAG) base oil market. The oil is used extensively on account of its ability to be used across a wide range of temperature. PAG is used in many industries, including the food processing industry. PAG lubricants have various properties that make them suitable for diverse manufacturing and industrial applications. Owing to the water soluble nature, the cleaning up procedure of equipment is easier and this will make PAG base oil highly preferred across industries. In addition to this, PAG base oil are shear stable and provides high viscosity indexes, which makes them suitable for many applications. These fire resistant and energy efficient PAG base oils are finding many applications in industries and this boosting the growth of the market across the globe.

According to a report published by Transparency Market Research (TMR), the global PAG base oil market is likely to rise from US$1,343.8 mn in 2017 to US$1,623.0 mn by the end of 2022. The market is expected to expand at a CAGR of 3.8% between 2017 and 2022.

Q. What are the factors boosting the growth of the global polyalkylene glycol (PAG) base oil market?

PAG base oils offer many benefits which is fueling their demand. Some of these benefits are: wear and tear protection, low friction, excellent thermal stability, and good load carrying capacity. A great contribution is also being made by the constant efforts taken by market players for research and development with an aim to achieve innovation and cutting edge technology. Due to such initiatives, fire-resistant ester-based oils have been developed and used with hydraulic battery packs in order to sustain high pressure and temperature. This fire-resistant oil is also used across diverse industries. In addition to this, the low volatility under high temperature and resistance to the formation of residue and deposits is making PAG base oils suitable for many applications.

Q. What are the factors that may threaten the growth of this market?

The global PAG base oil market is facing a few challenges that are slated to restrict the growth of this market. The high cost of synthetic fibers in contrast with the mineral counterparts could hamper the growth of this market. The consumption of mineral oils in developing nations of Asia Pacific is increasing. This is especially true among the mushrooming small scale manufacturers. This will crush the growth of the global PAG base oil market. 

Q.  Which application area of PAG base oil is expected to lead in the coming years?

The applications of PAG base oil include: worm gear lubricants, anhydrous fire resistant hydraulic fluid, compressor lubricants, and metal working fluid. Of these, the compressor lubricants application segment is leading. The use of compression lubricant in high pressure natural gas and ethylene compression on account of their ability to maintain a stable viscosity is likely to boost the growth of this segment. The PAG base oil is also expected to witness high adoption in refrigeration compression application. This is on account of the high production of eco-friendly HFC refrigerants. 

Innovation in Automotive Industry to Propel the Growth of Polyurethane Foam Market

The global polyurethane foam market is prognosticated to experience a significant growth in coming years. The worldwide polyurethane foam market report gives a thorough take a gander at the market by profiling the authentic development direction of the market from 2012 to 2017 and additionally giving dependable knowledge into the probable development direction of the market over the forecast timeframe from 2017 to 2022. The key drivers influencing the development direction of the worldwide polyurethane foam market are evaluated in the report so as to comprehend the degree of their effect on the worldwide market's development in the coming years.

As per the research report by Transparency Market Research, the worldwide polyurethane foam market is probably going to show a solid 7.6% CAGR in the vicinity of 2017 and 2022, with the market liable to ascend to a valuation of US$51.4 bn before the finish of 2017 and further ascent to US$74 bn before the finish of 2022.

What are the factors fueling the market demand for polyurethane foam?

Development of the automotive and construction ventures is probably going to remain a crucial driver for the worldwide polyurethane foam market from 2017to 2022 gauge period. Polyurethane foam also works as insulating agent, making it an important application. This is especially imperative in present day houses, which use protection on a phenomenal scale to improve the comfort levels and to make the building all the more environmentally feasible. Rising mindfulness about the natural advantages of utilizing protection to limit the vitality use of a building is in this way liable to be a key driver for the worldwide polyurethane foam market during 2017 to 2022 conjecture period. The polyurethane foam industry has likewise got tuned in to the developing help for ecological protection as of late, with the improvement of bio-based polyurethane serving to make the business more practical in current financial and administrative elements, which concentrate on natural feasibility as a key viewpoint. Bio-based polyurethane is accordingly liable to be a noteworthy piece of the worldwide polyurethane foam market in the coming years.

The automotive business has additionally turned into a noteworthy purchaser of insulation materials in the course of the recent couple of years because of the developing advancement of present day automotive design plan is probably going to remain a noteworthy end client for the worldwide polyurethane foam market in the coming years. 

Which product type segment is leading the worldwide polyurethane foam market?

The worldwide polyurethane foam market is sectioned product type into rigid and flexible polyurethane foam. The flexible polyurethane foam is the predominant supporter of the worldwide polyurethane foam market. The adaptable polyurethane foam section represented 50.2% of the worldwide market in 2017, with a worth US$25.5 bn, and is probably going to ascend to a valuation worth US$36 bn by the end of 2022. The adaptable polyurethane foam portion is relied upon to represent 50.6% of the worldwide market by 2022, showing a significant CAGR of 7.2% over the 2017-2022 figure period.

How are geographical segments performing in the global polyurethane foam market?

Based on geographical regions, the report analyses about the execution of the polyurethane foam market in Asia Pacific, the Middle East and Africa, Japan, North America, and Latin America. Asia Pacific is likely to own an overwhelming regional market for polyurethane foam, representing nearly around 40% of the worldwide polyurethane foam market's share in year 2017. The Asia Pacific region for polyurethane foam is probably going to pick up 59 BPS in its share in the worldwide polyurethane foam market over the 2017-2022 figure period. The Europe region for polyurethane foam is relied upon to show a solid 7.2% CAGR over the the conjecture period to develop at a valuation of worth US$17.8 bn. The polyurethane foam market is additionally prone to display the similar CAGR in North America in the predicted time, with the North America region of polyurethane foam market anticipated to ascend from a 2017 valuation of worth US$9.5 bn to worth around US$13.4 bn before the finish of 2022.

The Dow Chemical Company, Compagnie DE Saint-Gobain SA, Recticel SA, Chemtura Corporation, Covestro AG, BASF SE, Nitto Denko Corporation, Trelleborg AB, Tosoh Corporation, and UFP Technologies Inc. are some of the leading players in the market. 

Rising Application in Automotive and Aerospace Industries Stokes Growth of Global Metal Powders for Additive Manufacturing Market

With the demand from aerospace and automotive industries scaling higher, the global metal powders for additive manufacturing market is forecast to witness strong growth. Also, manufacturers of metal powders are keen on partnering with original equipment manufacturers across these industries.  This is intended at consistency, quality, and the powders’ overall performance. In addition, advances in the additive manufacturing technology, coupled with the rising demand for advanced materials are likely to give impetus to the global metal powders for additive manufacturing market. 

On the downside the high cost of metal powders is a persistent threat to the market. Nevertheless, the increasing demand for additive manufacturing technology owing to its unrivalled design will augur well for the market in the forthcoming years. According to Transparency Market Research, the global metal powders for additive manufacturing market is projected to stand at US$1,783.9 mn by the end of 2025. In 2016, the market stood at US$310.6 mn. If these figures hold true, the global metal powders for additive manufacturing market will expand at an impressive 22.4% CAGR between 2017 and 2025. 

Q: What factors are enabling the metal powders for additive manufacturing market exhibit strong growth? 

A: Robust properties of metal powders for additive manufacturing are positively impacting their market. For instance, titanium is increasingly preferred for metal powder as it offers display error resistance, corrosion resistance, high tensile strength, and lower adhesion to alien materials to products. These properties hold great importance in medical, nuclear, and aerospace industries, which is why the market finds key end users in these industries. Besides traction gained from end users, recent technological advances will stoke growth of the metal powders for additive manufacturing market. Because metal powders can be put to myriad uses, companies using additive manufacturing technology usually prefer using them. For instance, the automotive industry uses metal powders when manufacturing automotive parts such as steering, seats and doors, transmission parts, brakes, and engine components. 

Q: How is the market affected by the prevailing competition? 

A: Due to the presence of several companies, the global metal powders for additive manufacturing market exhibits a fragmented vendor landscape. Besides some of the leading companies, the metal powders for additive manufacturing market also has a sizeable representation of local enterprises. However, studies have found the market witness moderate competition as a majority of the prominent names in the market enjoy stronghold and specializes in their individual field of operation. Nevertheless, to gain edge over rivals, several players have expressed keenness on entering into strategic collaborations with OEMs of various industries such as automotive, healthcare, aerospace, and others. The strategies these companies adopt are intended at achieving their expansion goals. These strategies often leave a strong influence on the overall market as well. 

Some of the prominent companies operating in the global metal powders for additive market are Rio Tinto, Sandvik AB, GKN Plc., ATI Powder Metals, BĂ–HLER Edelstahl GmbH & Co KG, Hitachi Chemical Co. Ltd., Carpenter Technology Corporation, Renishaw plc., Metaldyne Performance Group Inc., Arconic Inc., Praxair Technology Inc., Hoganas AB, Miba AG, and Aubert & Duval among others.

Booming Manufacturing Activities Generate Lucrative Opportunities for Global Infrared Detectors Market

Transparency Market Research, in its latest report, states that global infrared detectors market is expected to show a remarkable growth rate in the coming years. The global market is estimated to register a CAGR of 8.9% during the forecast period of 2017 and 2022. Rising applications of infrared detectors in various industrial sectors is expected to have a positive influence on the overall market. These detectors are extensively used in domains such as medical, automotive, industrial, and military amongst others. Exploration, sensing, and detection are the very reasons why these detectors are used in the field. 

Q. What are the various factors supporting the uptake of infrared detectors market?

The rapid technological developments and the tremendous amount of investment in research and development has led to introduction of sophisticated detectors. This has been identified as the primary growth driver of the global infrared detectors market in the past few years. The increasing number of applications such as use of infrared detectors for measuring temperatures in vehicles, exploration of oil fields, and detection of gas leak or flame have upped the demand. A wide range of manufacturing and retail sectors are deploying infrared detectors for testing performance and quality of products. Status of electrical peripherals, motor functioning, bearings, and functioning of boilers is also determined with the help of these detectors. All of these factors have made a generous contribution toward soaring revenue of the global market.

Q. Which regional market is estimated to lead the pack during the forecast period?

On the basis of region, the global infrared detectors market is segmented into North America, Asia Pacific, Asia Pacific Excluding Japan, Europe, Latin America, the Middle East and Africa, and Rest of the World. Out of these, Asia Pacific Excluding Japan is anticipated to dominate the overall market in the near future. The robust manufacturing sector, investments in industrial sectors, and an emerging economy are some of the factors that will support this regional market’s growth. The regional market is estimated to register a steady CAGR of 9% in the global market between 2017 and 2022.

Q. What are the technologies and products that will make a mark in the global infrared detectors market?

The leading technology in the global infrared detectors market is the cooled infrared detectors. This technology is expected to register a CAGR of 8.2% during the forecast period of present an opportunity worth US$500 mn in the foreseeable future. Presently, this technology sectors holds a share of about 67% in the overall market.  The most popularly used product in the global market is the bolometer. This product segment held a share of 33% in the overall market. By the end of 2022, this product segment is expected to generate an opportunity worth US$200 mn. 

Some of the key players operating in the global infrared detectors market are Hamamatsu Photonics k.k., Excelitas Technologies Corp, Murata Manufacturing Co. Ltd, Texas Instruments Incorporated, VIGO System S.A, Raytheon Company, OMRON Corporation., Sharp Corporation, Flir Systems Inc., and BAE Systems, Inc. These top companies are expected to collaborate with universities and other institutes to develop relevant products. Research and development is expected to be an integral part in the development of these products in the near future.

Increased Demand for Automation in Farming to Support Growth of Global Agriculture Robots Market

The global demand for robots specifically designed for agricultural activities has significantly increased in the past few years and is expected to continue to rise at a promising pace in the near future as well. The rising demand for automation in the field of agriculture, owing to the vast benefits in efficiency and productivity of agricultural practices, is likely to lead to times when robots substitute human resources across all possible application areas. The industry for agricultural robots can expect an excellent future in the near term.

In a recent market research report, Transparency Market Research estimates that the global agriculture robots market will exhibit an impressive 24.1% CAGR from 2016 to 2024. If the number hold true, the market will rise from US$1.01 bn in 2016 to a revenue opportunity of US$5.7 bn by 2024.

In this blog post, TMR analysts provide insights into some of the key aspects of the global agricultural robots market: 

What are the key factors that will help drive the market in the near future? 

The rapid industrialization of developing nations is one of the key factors responsible for the migration of labor from agriculture to industrial jobs. This has led to a rise in the average labor costs across the globe and shifted the focus to automation of agricultural activities.  Developed nations are investing huge amounts in advanced and powerful agriculture robots, which are integrated GPS systems, enabling the gathering of accurate field data. Agriculture robots are being used extensively for the development of new varieties of crops. The global agriculture robot industry is also boosted by the use of these robots for cultivating genetically modified crops.

A variety of key agricultural machinery, say tractors for instance, has become largely independent over the time, robots have become pervasive in activities such as milking cows, and drones are increasingly altering the outlines of farming by coming into use in a variety of applications and suiting new applications at a rapid pace. Factually, unmanned helicopters have been used for spraying insecticides over crop fields for over the past two decades. But with the introduction of lighter drones, the practice is most likely to witness mass adoption even across new regional markets in the coming years. Fitted with advanced sensors and data storage prowess, present-day agricultural drones are also projected to help gather important data on farms, which could permit farmers to make more effective data-driven decisions. 

From a regional standpoint, how are opportunities distributed in the global agricultural robots market?

Geographically, the market for agriculture robots in North America is presently the leading contributor of revenue to the global market, accounting for a dominant share in revenue in 2015. However, the market in Asia Pacific is more likely to expand at the most promising pace in the next few years, emerging as the regional market with the most lucrative growth opportunities to companies operating in the agriculture robots market. Significant contribution on the technological front by Japan and China and massive demand across emerging economies will strengthen the position of Asia Pacific in the global agriculture robots market. 

Countries in the region are increasingly using robots for the management of horticulture and dairy. This is also expected to act as a key driving force for the Asia Pacific agricultural robot market in the next few years. Automated harvesting machines and driverless tractors have been witnessing high demand in the region and could be the face of growth for companies wanting to enter the lucrative regional market.

Increasing Demand for Sensors in Various Industry Verticals to Boost Neuromorphic Chips Market

Simply put, neuromorphic chips are pattern-matching engines modeled after the way the human brain operates through its network of millions of neurons and synapses – processing information as these neurons and synopses respond to sensory inputs such as auditory or visual stimuli. Neuromorphic chips attempt to model this mechanism in silicon. These chips assist in enabling systems to perform various tasks such as data analytics, machine learning, and computer vision. Neuromorphic computing is primarily executed on hardware by transistors, oxide-based memristors, and threshold switches.

Neuromorphic chips are a merger of transistors and memristors organized over a silicon fabrication chip, which minimizes memory consumption. The growing implementation of neuromorphic chips is expected to increase the performance, scalability, and sensitivity of machines.

In a recent market research report, Transparency Market Research estimates that the global market for neuromorphic chips stood at US$396.1 mn in 2014 and will reach US$1.8 bn by 2023, expanding at whopping CAGR of 19.10% between 2015 and 2023.

What are the key factors boosting the global demand for neuromorphic chips?

The market for neuromorphic chips is chiefly fuelled by the rising demand for artificial intelligence globally. In addition, the increasing demand for sensors in industry verticals such as logistics, defense, military, automobiles, and healthcare has also increased the scope of use for neuromorphic chips. Furthermore, the increasing use of neuromorphic chips in the Internet of Things (IoT) scenario is also impacting the market positively. The growing implementation of neuromorphic chips in several end-use industries such as automotive, healthcare, and semiconductor and electronics is also expected to create growth opportunities in the global neuromorphic chip market in the years to come.

What factors are challenging the overall development of the global neuromorphic chip market?

Going forward, the global neuromorphic chip market is expected to be affected by the high cost associated with the manufacturing of these chips. The high manufacturing cost of neuromorphic chips restrict their widespread usage across a number of high-growth potential application areas such as consumer electronics, especially in products that are economically priced to appeal to the masses. As of 2015, especially in developing nations, developments in neuromorphic computing have been unsuccessful due to the lack of technological resources and the scarcity of competent infrastructure. Further, difficulties in hardware designing are also predicted to hamper the growth of the global neuromorphic chip market.

How are growth opportunities dispersed across the globe for the market?

From a geographical standpoint, North America presently leads in terms of growth and development opportunities for the global neuromorphic chip market. The regional market accounted for the dominant share in the global market in 2014 and is predicted to maintain its dominance till 2023. This is owing to the increasing utilization of neuromorphic chips in numerous industry verticals within North America, including aerospace and defense, industrial, and medical. On the other hand, the Asia Pacific neuromorphic chips market will also rise owing to the increasing use of neuromorphic chips in the semiconductor and electronics industry within this region. In 2015, the growth of the market in RoW was at its nascent stage owing to the absence of technological resources within this region, but will pick up speed in the coming years.

Established Players in Global Edge Computing Market Focus on Effective Solutions to Bolster Positions

The global market for edge computing presents a consolidated picture with a few established companies accounting for a considerable share in it. In order to further bolster their positions, they are coming up with more effective solutions to cater to the different requirements in the market. To that end they are expending money into research and development of highly advanced hardware and software solutions. This has served to up competition and make the market dynamic in nature.

Some of the prominent names operating in the global edge computing market are Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Google Inc., Hewlett Packard Enterprise Company, Intel Corp, Schneider Electric SE, Nokia Corporation, Huawei Technologies Co. Ltd., and Aricent Inc.

A report by Transparency Market Research forecasts the global edge computing market to attain a value of US$13.31 bn by 2022-end from US$8.02 bn in 2017 by registering a solid CAGR of 10.7% therein.

What are the advantages of edge computing serving to up their demand?

Boosting the uptake of edge computing is the challenges posed by the excessive use of traditional cloud computing architecture. Sending the data produced by Internet of Things (IoT) across long routes to be processed in cloud data centers can be cumbersome. It is dependent on proper connectivity and can be affected by network latency which results backlog of data. Edge computing in which data analytics and compute is carried out in the devices themselves, lessens dependence on the cloud, helps to better manage the massive deluge of data being generated by the IoT, and reduces latency for critical application.

As a result of such advantages of edge computing, many sectors such as financial services and manufacturing, where even latencies of milliseconds can be untenable, are eyeing it. The oil and gas sector too, where enormous volumes of data – most of which could be inconsequential – is produced by thousands of sensors in a rig is starting to leverage it big time. The data is processed at the source with edge computing, so that in the end only relevant bits are transferred. Thus edge computing system reduces the data traversing the network. All these is expected to provide a major boost to the market.

Which component of edge computing accounts for maximum share?

Based upon component, the global edge computing market can be segmented into hardware, software, and services. Of them, the segment of hardware dominates with maximum share. Currently, it accounts for a substantial 54.3% share in the market. It is expected to clock a CAGR of 10% from 2017 to 2022, to become worth US$7.02 bn by 2022-end. The hardware segment is likely to display a year-on-year growth of US$533.6 mn over the forecast period, which is larger than any other component segment.

What are the key geographic regions contributing to the edge computing market?

North America, Latin America, Europe, Japan, Asia Pacific except Japan, and the Middle East and Africa are some of the key regions in the global edge computing market. At present, North America holds a sway over the overall market share on account of shale gas exploration. Rising at a CAGR of 10.3% over the forecast period, the market in North America is projected to attain a value of US$5,696.6 mn by 2022-end. In terms of growth rate, however, Japan is likely to outshine all others by clocking a CAGR of 16.4% over the forecast period. In fact, the rest of Asia Pacific market too is expected make gigantic strides because of cost-effectiveness of edge computing.

Telematics in Heavy equipment Market to See Increased Competition Due to Foray of New Players

The competition in the global market for telematics in heavy equipment is likely to heat up in the years to come because of the foray of numerous solution providers. At present, prominent names in the industry are mostly based out of developed countries, with operations worldwide.

Daimler Trucks North America, Trimble Inc., MiX Telematics, Zonar Systems, Inc., GPS Insight, Telogis, Masternaut Limited, PACCAR Inc., Topcon Corporation, Teletrac Navman Group, DPL Telematics, Inseego Corp., Element Fleet Management Corp., LHP Telematics, SmartDrive Systems, Inc., OEM Data Delivery, LoJack Corporation, TeMeDa, LLC, and GPSTrackIt are to name a few of such key players in the global telematics in heavy equipment market.

According to a Transparency Market Research report, the global telematics in heavy equipment market will likely register a solid CAGR of 15.1% in the forecast period between 2017 and 2025 to become worth US$6.47 bn by the end of 2025.

Which factors are serving to drive the market?

Telematics helps in collecting, recording, and transmitting vehicle operational data on a web-based platform which can be analyzed by vehicle owners for useful insights. Rising demand for different field positioning capabilities offered by the telematics has led to a surge in the use of telematics solutions in heavy equipment across countries. Surging use of smartphones, high speed data networks, and numerous advantages of telematics has upped uptake of telematics in heavy equipment. However, one factor acting as a roadblock to the market is the expenditure required for research and development.

What are key applications of telematics in heavy equipment?

Telematics in heavy equipment mainly find application in vehicle tracking, vehicle safety communications, fleet management, satellite navigation, etc. At present, the vehicle tracking application leads the market with maximum share and in the years ahead too will hold on to its dominant share. This is primarily on account of the need to bring down the number of accidents on the road caused by increasing urban population and ability of people to buy personal cars – all of which have served to make thoroughfares congested and dangerous. The vehicle tracking application helps to constantly monitor their location, movements, status, and behavior. The application of fleet management is seeing increasing uptake too for the very same reason. 

Why is Asia Pacific a dominant market?

Based on geography, South America, North America, Europe, Asia Pacific, and the Middle East and Africa are the key segments in the global telematics in heavy equipment market. Asia Pacific, among them, leads the market in terms of revenue generation owing to latest wireless connectivity options such as 4G and 5G network, M2M connectivity, and GPS and Bluetooth in countries of China, India, and Japan. Of the three countries, India is expected to register maximum growth because of the increasing adoption advanced driver assistance system (ADAS) sensors and mobile devices. Overall, the Asia Pacific market is anticipated to surpass all other by clocking a CAGR of 15.6% over the course of the forecast period between 2017 and 2025.

What makes North America a key region?

North America, powered by the U.S., is another key region in the global telematics in heavy equipment market. It follows Asia Pacific in the second position. The market in the region has been boosted mostly by companies domiciled in the region that are focused on offering technologically superior solutions to customers. Apart from that, rapid progress in connectivity technologies such as 5G network, enhanced GPS function, and satellite communication in telematics, used in vehicle tracking application is also positively impacting the market. The market is expected to rise at a 15.3% CAGR in the forecast period to become worth US$1.83 bn by 2025.

Latest Post

Market Research Reports