Tuesday, 23 June 2020

Embedded System Market Booming Demand Leading To Exponential CAGR Growth By 2027

  June 23, 2020    No comments
Embedded systems market is one of the most robust, and innovative frontier for technological development. In 2007, Barr Micheal, a leading global expert on embedded system said, the systems were used in over 98% microprocessors used back then. The market just promises to expand its scope for growth with new applications like home automation, electric vehicles, and global smart initiatives like Internet of Vehicle, driven by Internet of Things.
According to TMR experts, the embedded systems market will reach a valuation of US$338.34 bn by 2021. The market promises to exhibit notable growth a CAGR of 6.4% during 2019-2027.
Growth of 5G, and Rising Penetration of IoT to Promise Tremendous Growth
The advancements in consumer electronics has emerged as a major positive recently. The technology has enabled developments like Personal Area Network, advanced personal control to mobile users, and concepts like smart home automation. Among these, the smart home automation promises opportunities in many areas including lighting, security, lawn / gardening management, smart home appliances, advanced home entertainment systems, AI personal assistants, and HVAC systems. The home automation is expected to receive a major boost in the near future, as major carries like Verizon have rolled out 5G technology already in key markets like the US. Moreover, the technology has already been widely adopted in China, wherein the government has driven key infrastructure developments like IoV on the back of advanced networking capabilities.
One of the biggest pain point or opportunity in the market is expected to remain the efficiency, and advanced IoT capabilities of these devices. The rise in home automation can provide new impetus to ailing sectors like constructions with a boost to home prices, and is increasingly becoming a necessity due to green legislations for energy efficiency, and sustainable energy. For example, countries like India, and UK have laid out plans to replace conventional meters with smart meters in every home. The growth of 5G also seems promising as key companies like Apple in the US region has acquired the Intel’s 5G telecom division, which might soon power the adoption of technology worldwide.
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Electric Vehicles Promise to Ride Embedded Systems to New Heights    
The embedded systems market will witness strong growth in the automobile sector, thanks to promising growth of electric vehicles. According to TMR analysts, the auto sector will comprise of 18.3% market share by 2027. This growth isn’t surprising as electric automobiles require energy efficient and intelligent infrastructure to communicate with key components like energy grids, sensors, and promise to power the future on the back of these advancements.
According to International Energy Agency, by 2040, 40% of all passenger vehicles will be electric. Moreover, smart and efficient management of electric vehicle is a major arena for advancement. For example, Tesla, known to be a leading player in electric vehicles worldwide, promises nearly 370 miles on a single charge. The company has caught worldwide attention due to leap forward from the likes of Nissan electric vehicle of earlier generation, which provided 107 miles per charge. Moreover, the most electric infrastructure of today still promises major scope for improvement with energy efficiency, and smart automation.
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Commercial Satellite Imaging Market Growth Rate, Forecast To 2027

  June 23, 2020    No comments
Led by Galileo Group Inc., Planet Labs Inc., Blacksky Global, Telespazio, Exelis Inc., DigitalGlobe Inc., SkyLab Analytics, Trimble Navigation Ltd., and Spaceknow Inc., the global commercial satellite imaging market demonstrates a highly competitive business landscape, states Transparency Market Research (TMR) in a new research study. These players are likely to remain dominant in the global commercial satellite imaging market in the next few years. They are expected to focus on establishing strong distribution channels across various industries in the near future in order to strengthen their position in the global market, notes the research study.
According to the research report, the overall opportunity in the global commercial satellite imaging market stood at US$ 3.82 Bn in 2018. The global commercial satellite imaging market is anticipated to expand at a CAGR of 11.61% and reach US$10.23 bn by the end of the forecast period. Energy, geospatial technology, natural resources management, construction & development, disaster response management, defense and intelligence, conservation and research, and media and entertainment sectors have surfaced as the key application areas for commercial satellite imaging solutions across the world, states the research report.
North America to Continue to Dominate Global Commercial Satellite Imaging Market
Asia Pacific, North America, Middle East & Africa, Europe, and Latin America have emerged as the major regions of the global commercial satellite imaging market. North America leads the global commercial satellite imaging market. This trend is estimated to continue in the near future. The commercial satellite imaging market in Asia Pacific is also anticipated to expand at a steady pace in the next few years, states the research study.
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Technological Advancements to Boost Global Commercial Satellite Imaging Market
“Of late, the global commercial satellite imaging market has been observing tremendous growth,” says a TMR analyst. The emergence of a number of technologies and applications, such as Google Earth, is supporting the growth of the global commercial satellite imaging market. Constant advancements in technologies is also boosting the global commercial satellite imaging market.
On the flip side, the need for high capital investments in research activities for the advancement of commercial satellite imaging production techniques may act as a restrain to the growth of the global commercial satellite imaging market in the near future. Nonetheless, the presence of untapped opportunities in emerging economies is expected to normalize the impact of these deterrents over the next few years, states the research report.
The review is based on a report by Transparency Market Research, titled “Commercial Satellite Imaging Market (End-user: Government, Commercial Enterprises, Civil Engineering Industry, Military, Forest, Agriculture, Energy Sectors, and Insurance; and Application: Energy, Geospatial Technology, Natural Resources Management, Construction and Development, Disaster Response Management, Defense and Intelligence, Conservation and Research, and Media and Entertainment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019–2027.”
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Anti-drone Market Growing Trade Among Emerging Economies Opening New Opportunities

  June 23, 2020    No comments
According to a new market study by Transparency Market Research (TMR), amidst a large pool of large- and small-sized players, the global anti-drone market is witnessing a highly dynamic and competitive vendor landscape. Market players are focused on innovations to surge ahead in this competitive market, says the study. Moreover, multiple startups are entering the market with their innovative ideas, due to which market competition is likely to intensify and small players are projected to capture market share of major players in the near future.
Some prominent companies operating in the global anti-drone market are DRONESHIELD, Blighter Surveillance Systems Ltd., Theiss UAV Solutions LLC, Lockheed Martin Corporation, Dedrone Detect Inc., Boeing Co., and SAAB A.B.
As per the TMR research study, the global anti-drone market is projected to reach value of ~US$ 1.8 Bn by 2027 from US$ 315 Mn in 2018. This indicates a significant CAGR of ~20%, in terms of revenue, during the forecast period i.e. from 2019 to 2027. Among end uses, government and military segments hold a leading share of the global anti-drone market. The military segment is expected to expand at the most rapid pace during the forecast period.
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Among drone types, the neutralizing system segment held the maximum market share in 2018. Amongst regions, North America is anticipated to dominate the global anti-drone market, with the market in the region expanding at a significant CAGR between 2019 and 2027. In terms of growth rate, Asia Pacific is estimated to closely follow North America, between 2019 and 2027. India and China witness considerable demand for anti-drone systems, primarily for defense use.
Measures to Combat Border Infiltration for Civilian Safety Boosts Market
Across the world, measures are being taken to combat security threat posed by unmanned aerial systems (UASs) and unmanned aerial vehicles (UAVs). This is primarily driving the deployment of anti-drone systems. Defense forces and border security agencies are gearing up to prevent contingencies that can occur due to UAVs or UASs. Anti-drone systems can track, locate, and detect UAVs from a certain distance and act so as to prevent harm to civilian life.
Rapid technological advancements and competition among product manufacturers have led to a significant drop in prices of UAVs and UASs. This, in turn, has increased their adoption among several end-users. Apart from use of UAVs for military applications, for which they were originally developed, they are increasingly being used to cause damage and disturbance to civilian life. This has necessitated the use of anti-drone systems to combat such mishaps, especially in war-torn nations such as Syria, Iraq, and countries in Africa.
Another key factor promoting growth of the global anti-drone market is commercialization of technologies for the development of anti-drone systems. Local players are developing their own versions of anti-drone technologies for commercial use, although they are not as destructive as those developed for defense use.
Need for Prolonged Government Clearances for Deployment of Anti-drone Systems Limits Adoption
On the flip side, however, strict government mandates for deployment of anti-drone systems and high initial capital investments required for setup of anti-drone manufacturing units are key challenges for the global anti-drone market
The review presented is based on findings of a TMR report titled ‘Anti-drone Market (Type: Detection System [Radar Based, Passive Optics, Active Optics, Acoustics, and RF Emissions] and Neutralizing System [Jamming, Interception, Drone Rifles, Drone Capture Nets, and Laser]; and End-use: Government, Military, Airfields, Buildings, Power Stations, and Fuel Storage) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’
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Mobile Cobots Market Trends And Upcoming Forecasts 2026

  June 23, 2020    No comments
A mobile cobot (mobile collaborative robot) is an intelligent, transportable robot that can assist humans in a shared workspace. Mobile cobots are moving platforms wherein cobots are mounted on mobile robots. These are automated machines. It is an emerging technology that is capable of moving within a set environment. Apart from the manufacturing industry, mobile cobots are used for research and exploration. Currently, use of mobile robots has extended to the industrial sector. In the recent years, there has been a significant rise in the demand for industrial robots in the automotive sector.
This can be attributed to increasing customer demand for customization in their cars. Unlike industrial robots, collaborative robots are not dedicated to only a single task. Hence, manufacturers are now switching to collaborative robots. Inclination toward industrial automation is acting as a driver of the mobile cobots market. Robots have been utilized in industries for a long time. They have made the human work easier by running large industrial settings. Robots in factories have typically been large, caged devices that perform repetitive, dangerous tasks in place of humans. Moreover, rising labor costs in developing economies, mostly in material handling industries, are driving the demand for cobots. This is primarily due to economic growth of industrialized countries.
Global Mobile Cobots Market: Scope of Report  
The global mobile cobots market has been broadly segmented in terms of weight capacity, application, end-use industry, and geography. Based on weight capacity, the market has been segregated into 1 to 3 kg, 3 to 5 kg, and 5 to 10 kg. Among these, the 3 to 5 kg segment accounted for a major share of more than 50.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 33.5% during the forecast period. In order to fulfill the global demand, various manufacturers of mobile cobots are currently focusing on research and development activities in order to invent advanced applications of mobile cobots.
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Cobots are gaining popularity among manufacturing companies and different industries. The primary factor boosting the global mobile cobots market is decline in costs of collaborative robots over the last few years. Upfront costs of cobots are 20% of those of traditional robots with an average payback period as short as six to eight months. Also, installation of cobots requires minimal investments and time.
In terms of application, the mobile cobots market has been classified into shelf units, conveyor belts, automated pallet forks, robotic arms, and safety units. In terms of revenue, the robotic arms segment accounted for a major market share of more than 40% in 2017 and it is anticipated to expand at a CAGR of 33.6% during the forecast period.
As per TMR analysis, in 2017, Asia Pacific accounted for the maximum i.e. more than 30% share of the global market, in terms of both revenue and volume. The Asia Pacific mobile cobots market is primarily driven by increased investments in modernization of infrastructure and continuously rising number of manufacturing facilities in the region, especially in developing economies such as South Korea and India. The mobile cobots market in Asia Pacific is expected to witness further innovations and advancements in the near future, as several leading manufacturers are investing in research and development activities. Furthermore, the rising demand for electronic products and increasing need to automate production in the region are driving factors for the market in Asia Pacific.
Global Mobile Cobots Market: Competition Scenario
The research study includes profiles of leading companies operating in the global mobile cobots market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global market are ABB Ltd, Aubo Robotics, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KuKa Ag, Precise Automation, Inc., Rethink Robotics, Robert Bosch, TECHMAN Robots, Universal Robots, and Yasakawa Electric Corporation. Various business strategies are being adopted by leading market players. Companies are focusing on expanding their business by forming strategic partnerships and offering innovative solutions.
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Farm Tractor Market Major Drivers And Challenges 2020-2027

  June 23, 2020    No comments
According to a new market report published by Transparency Market Research titled “Farm Tractor Market (Less than 40 HP, 40 HP – 80 HP, 81 HP – 120 HP, 121 HP – 180 HP, 181 HP – 250 HP, More than 250 HP) – North America and Europe Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027,” the North America and Europe Farm Tractor market is expected to record sale volume of 650 thousands tractors by 2027. Furthermore the farm tractor market in the region is estimated to expand at a CAGR of 3.88 % during the forecast period from 2019 to 2027. Increasing demand for food, favorable government policies, growing farm mechanization and hobby farming are the key factors driving the growth of the farm tractor market in the region.
Comparing the two regions, North America farm tractor dominated the market in 2018 in terms of unit shipments. The market revenues from North America farm tractor market is estimated to be US$ 5.4 Bn in 2019. This is owing to positive growth in the U.S. farm tractor market which witnessed huge demand for medium tractors in below 40 HP- 80 HP horsepower category. However, higher horsepower segments exhibited marginal volume growth in the country.
Conversely, farm tractor market in Canada is estimated to witness steep decline in the shipments. This is owing to the frequent fluctuations and weakening of Canadian dollar. The farm tractor market across all the horsepower segments is estimated to witness a dip in 2019 as well. Moreover, all the major tractor manufacturers witnessed tough time in maintaining their market shares in the Canada, as large volume of local demand is met through imports, which escalates proneness to currency fluctuation.
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In 2018, Europe farm tractor market recorded shipments of 281 thousand units with Germany being the top contributor followed by France and the U.K. Additionally, Italy is anticipated to be a major contributor in the rest of Europe farm tractor segment. European countries including the U.K, Finland and the Netherlands, have relatively large (area) farms, and therefore farm tractor market above 40 HP is estimated to exhibit significant market share in these countries. However, in other European countries including Germany, small and compact tractor segment is anticipated to dominate the market. The presence of large farms, although in few numbers, is anticipated to generate demand for higher horsepower tractor segment during the forecast period till 2027. 
Farm tractor prices across all the horsepower segments witnessed high fluctuations in the Europe market as well. This is owing to frequent price adjustments from major farm tractor manufacturers to maintain their market shares in the region amidst weak sales forecast.
Tractor manufacturers are also working towards incorporating new technologies so as to differentiate their offering from others while adding value to products and services being delivered. This is seen as key strategy in the long run for players to retain their competitive position. Moreover, with expected proliferation of smart technologies in agricultural applications, this is seen as more of a need then the strategy to ensure sustainable growth in the long run.
The key players in the North America and Europe farm tractor market, profiled in the study include Deere and Company, CNH Industrial N.V., Kubota Corporation, SDF Group, AGCO Corporation, Class KGaAmbH, and Mahindra USA Inc. among others. It is estimated that these major players contributes more than 85% of the total farm tractor market in North America and Europe. Other players in the North America and Europe farm tractor market include Daedong USA, Inc., Argo Tractors S.P.A. and International Tractors Ltd. These players are focused on offering quality products at cost competitive prices.
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Monday, 22 June 2020

Machine Vision Technology Market Future Trends and Growth Outlook

  June 22, 2020    No comments
The global machine vision technology market features an intensely competitive landscape with the presence of several global as well as regional players, finds Transparency Market Research (TMR). Technology developers are focused on research and development of cutting-edge machine learning technologies to bring innovations in the market. Numerous top players are engaged in constantly expanding their product portfolio to reap competitive edge over others and consolidate their shares in the global market. A growing number of players are capitalizing on emerging demand for advanced machine vision technologies to garner better returns on their investment, notes TMR.
TMR observes that several players are focused on introducing new product varieties to meet new and emerging demands for machine vision applications in several end-use industries. Top players operating in the machine vision technology market include Allied Vision Technologies Inc., Basler AG, Adept Technology Inc., ISRA Vision AG, Cognex Corporation, Microscan Systems Inc., Electro Scientific Industries Inc., Keyence Corporation, Seeing Machines Ltd., and Omron Corporation.
The global machine vision technology market is projected to expand at a promising CAGR of 8.40% during the forecast period of 2015–2021. The global market stood at US$15.7 billion in 2014 and is anticipated to display opportunities worth of US$28.5 billion by the end of the assessment period.
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The broad applications of machine vision technology comprise industrial and non-industrial, with the former segment holding the sway in the global market. This can be attributed to the extensive application of the technology in semiconductors for the past few years and the rising applications in the areas of packaging, automobiles, textiles, and electronics.
Geographically, Asia Pacific has emerged as the dominant regional market and is expected to hold its sway in the coming years as well. The rapid growth is driven primarily by the substantial strides being made by the automation manufacturing sector. The regional market is expected to garner a CAGR of 7.30% during 2015–2021.
Burgeoning Application of Technology in Automated Industrial Inspection and Quality Controls underpins Rapid Expansion
The global machine vision technology market is driven primarily by the rising adoption of automation in industrial processes world over and the burgeoning need for advanced quality controls in various industry verticals. The rising deployment of robotic systems in areas such as food and packaging, automotive, and pharmaceutical, and in numerous industrial applications is a key factor boosting the market.
The growing adoption of machine vision technology in lenience monitoring, component monitoring, and defect recognition is propelling the growth of the market. The attractive demand hinges on the marked effectiveness of the technology in inspecting test objects of complex patterns in end-use industries. The application of the technology is also catalyzed by the rising paucity of manual labor in inspection of industrial processes.
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Rising Application in Automotive Sector holds Massive Potential
The market is expected to garner lucrative gains from the potential of machine learning and deep learning technologies to bring advanced automations in the manufacturing sector. The substantially rising application of the technologies in automobile manufacturing of a variety of components such as lead frames, microchips, and capacitors, is accentuating the market. The demand is majorly propelled by usage of the machine vision technology by automotive players in automatic image-based detection and inspection of test objects.
However, presently, the paucity of system integrators is a crucial factor that is hindering the market to attain its full potential. System integrators play a critical role for the implementation of machine vision technologies in industrial applications. On the other hand, the rising potential of smart-camera in machine vision systems, attributed to their flexibility to standards and mechanisms, has opened many a promising opportunities for market players.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Machine Vision Technology Market (Product Type – PC-based Machine, Embedded Machine, and Smart Cameras-Based Machine; Application – Industrial (Semiconductors, Electronics, Packaging, Textiles, and Automobiles) and Non-Industrial (Security and Surveillance, Banking, Traffic Controlling, Lab Automation, and Medical Imaging)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2021.”
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eDiscovery Market Demand Analysis and Projected huge Growth by 2022

  June 22, 2020    No comments
The global eDiscovery market demonstrates a highly consolidated business landscape, led by HP Autonomy, Guidance Software Inc., and IBM Corp., notes a new research report by Transparency Market Research (TMR). In 2014, these players acquired nearly 40% of the overall market and the scenario is expected to remain almost same over the next few years. The main focus of these players is on introducing technologically advanced solutions in the global market in order to expand their customer base. They are also expected to involve increasingly into strategic collaborations to strengthen their position in this market, states the market report.
According to the research report’s estimations, the worldwide market for eDiscovery was worth US$8.31 bn in 2016. Rising at a CAGR of 16.20% during the period from 2014 to 2022, the market’s opportunity is likely to touch US$21.08 bn by the end of the period of the forecast. Among components, eDiscovery services have been reporting a comparatively higher demand than their software counterpart. Expanding at CAGR of 16.20% between 2014 and 2022, the segment is expected to remain dominant over the next few years.
Generation of ESI in Massive Volumes on Daily Basis to Fuel Demand
“The high volume of ESI being generated daily is the main factor behind this significant rise in the global market for eDiscovery,” states a researcher at TMR. Nowadays, enterprises are emphasizing on incorporating cloud computing into their day-to-day operations and deploying social media platforms for further development, which consequently, are generating massive volumes of data.
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With the increasing number of government regulations that require companies and organizations to store their ESI in an organized manner, the demand for eDiscovery solutions is projected to increase significantly in the near future. However, companies are little dissuaded by the high costs associated with eDiscovery processes, which may reflect negatively on this market over the next few years, reports the market study.
North America to Retain Leadership
North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe have been considered as the key geographical categories in the global market for eDiscovery. North America, with a large amount of electronically generated information, has surfaced as the most prominent regional market for eDiscovery across the world.
The pressure exerted by government authorities in relation with electronic media governance policies is likely to keep up the deployment pace of eDiscovery solutions in this region over the next few years, ensuring its future leadership, states the research report.
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Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...