Active Electronic Components Market Emerging Technology and Application 2027

According to a new market report published by Transparency Market Research “Active Electronic Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027”, the active electronic components market was worth US$ 252.54 Bn in 2018 and is expected to reach US$ 521.91 Bn by 2027, growing at a CAGR of 8.4% from 2019 to 2027. North America was the largest market for active electronic components in 2018. Growth in this region is driven by growing adoption of renewable energy resources and micro-electromechanical systems (MEMS).

Along with this, growing popularity of portable electronic devices will remain the key driver for the active electronic components market. Active electronic components market in North America is expected to be superseded by Asia Pacific during the forecast period. In 2018, North America accounted for around 32% of the overall active electronic components market. However, Asia Pacific is expected to witness fastest growth during the forecast period at a CAGR of 9.1%. China, Japan, Taiwan, and South Korea are among the major markets driving the demand for active electronic components in this region due to growing electronic manufacturing activity in these countries.

The active electronic components include semiconductor devices, display devices and others. Various semiconductor devices include diodes, transistors, integrated circuits and optoelectronic components. In 2018, semiconductor devices accounted for around 50% share of the overall active electronic components market. Reduction in component size and reliability has been aiding the growth of active electronic components market. This has made them effective for use in miniature applications such as tablets, smartphones and smart watches.

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Further, rising global concerns for energy efficiency have increased the need for energy efficient active electronic components. The market for display devices is expected to expand at a CAGR of 8.7% from 2019 to 2027. Medical and military applications are driving the demand for display devices among active electronic components. Various display devices in the active electronic components market include microwave tubes, cathode-ray tubes, x-ray tubes, photoelectric tubes and triodes. In 2018, x-ray tubes segment held the largest revenue share of around 28% of the overall market for display devices market. X-ray tubes segment is expected to continue its market domination in the display devices segment throughout the forecast period from 2019 to 2027.

Key players in the active electronic components market include Fairchild Semiconductor International, Inc., Infineon Technologies AG, Texas Instruments, Inc., Maxim Integrated Products Inc., ST Microelectronics NV, Analog Devices, Inc., ON Semiconductor, Diotec Semiconductor AG, NXP Semiconductors NV, Toshiba Corporation, Vishay Intertechnology, Inc., Everlight Electronics Co., Ltd., Panasonic Corporation and Renesas Electric Corporation.

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Linear Motor Market Boosting the Growth Worldwide 2020

Transparency Market Research delivers key insights on the global linear motor market. In terms of revenue, the global linear motor market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global linear motor market.

Linear motors are defined as electric motors that generate the motion in a straight line, unlike the rotational motion. In a linear motor, the stator is unrolled and spread out flat, while the rotor moves past it in a straight line. Linear motors are used in all designs of machines that require linear motion, including overhead-travelling cranes and beltless conveyors used for moving sheet metals. Linear motors are employed in a wide range of applications in industries such as manufacturing, semiconductor, food & beverages, textile, healthcare, and printing. Linear motors come in three designs: flat-bed, U-channel, and cylindrical. In line with the growth of the global automation industry, manufacturing and process plant operators are adopting advanced technologies for processes and operations focused on achieving improved product efficiency, reduced labor, and decreased operational costs. Linear motor systems offer a reliable and efficient solution to achieve high efficiency and hence, they are increasingly being adopted in applications ranging from simple point-to-point systems to sophisticated or complex automation systems.

Linear Motor Market: Dynamics

Servo Components and Systems Ltd has designed a new direct drive called Green Drive Actuator (a combination of speed and rugged operations), which can control the ball screw and provide increased reliability to direct drive linear motors. The actuator operates at a speed of up to 5 m/s, with a positional reliability of 50 microns, which makes it suitable for several industrial applications.

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Copley Controls Corp provides a range of AC- and DC-powered digital drives for use in servo and stepper motors called New Plus Servo Drives. Safe torque-off capability of these drives eliminates the complex wiring used in traditional safety applications. New Plus Servo Drives use metal enclosures that ensure the maximum level of noise immunity.

Due to technological innovations in direct drives, the demand for linear motors is increasing in various industrial applications. This, in turn, is boosting the global linear motor market. The impact of this driver is expected to remain high during the forecast period

One of the major issues associated with linear motors is their high cost and the complex design of electromagnets used in them. Generally, more powerful electromagnets are required to lift and move one magnet over another, which consumes a large amount of electric power. Linear motors use superconducting magnets to overcome this issue. As for dynamic applications, linear motors are energy efficient and they can attain high speed. For this purpose, superconducting magnets are used to attain low temperatures, which reduces the power consumption, thereby preventing thermal wear and tear of motors. Use of electromagnets with such complex designs is restraining the global linear motor market. Thus, high costs and complex designs of electromagnets used in linear motors are major restraining factors for the global linear motor market. The impact of this driver is expected to remain high during the forecast period.

Linear Motor Market: Prominent Regions

In terms of revenue, Asia Pacific dominates the global linear motor market. The market in the region is estimated to expand at the maximum CAGR of 6.32% during the forecast period and reach more than US$ 1 Bn by 2027. This is attributable to the fact that players operating in end-user industries in the region such as electronics & assembly, semiconductor, and machine tools directly contact OEMs for their specific requirements for linear motors.

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Increasing adoption of linear motors in Asia Pacific is expected to offer lucrative opportunities to vendors, especially in the electronics & assembly industry during the forecast period. In terms of revenue, the North America market is expected to expand at a sluggish rate during the forecast period. This is due to the presence of various manufacturing industries in the region, which use robots based on linear motors for product manufacture. Other regions such as Europe witness presence of various industries that require linear motors such as automotive, manufacturing, machine tools (metal forming & metal cutting), and packaging & labeling.

Linear Motor Market: Key Players

Key players operating in the global linear motor market are Aerotech, ANCA Group, BOSCH Rexroth, ETEL S.A., FANUC Corporation, Hiwin Corporation, Jenney Science AG, KML Linear Motion Technology GmbH, Kollmorgen Corporation, Mitsubishi Electric Corporation, Moog Inc., NTI AG LinMot, Oswald Elektromotoren GmbH, Parker-Hannifin Corporation, Piezo Motor Uppsala AB, Rockwell Automation, Inc., Sodick Co. Ltd., and Yaskawa Electric Corporation.

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Small Kitchen Appliances Market Insights and Forecast to 2027

• Small kitchen appliances are portable or semi-portable machines generally used to accomplish several kitchen tasks. Microwaves, ovens, toasters, and coffeemakers, among others, are a few types of small kitchen appliances. Small kitchen appliance manufacturers are expanding their product portfolio, owing to the increase in demand from end-users. Manufacturers are also incorporating connected technologies in their products to save time. Some of the latest technologies being used are Wi-Fi, cameras, touchscreens, and other upgrades.

Rise in disposable income and convenience in usage of compact kitchen appliances drives the small kitchen appliances market

• Prime reason for the growth of the small kitchen appliances market in increase in disposable income of consumers worldwide. Rise in disposable income drives consumer needs. Innovation in product design has resulted in increased operational efficiency of small kitchen appliances. Thus, the demand for small kitchen appliances is expected to grow during the forecast period.
• Convenience in usage of compact kitchen appliances, owing to ease in handling and maintenance is fueling the growth of the small kitchen appliances market. Rise in the number of millennials using kitchen appliances with compact designs and multiple functionalities is anticipate to drive the small kitchen appliances market.

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North America & Europe covers major market of small kitchen appliances

• Geographically, the global small kitchen appliances market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the small kitchen appliances market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the small kitchen appliances market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America small kitchen appliances market is segmented into Brazil, and Rest of South America.
• North America and Europe dominates the market of small kitchen appliances, due to easy availability of smart technology enabled small kitchen appliances in North America and Europe.
• However, Asia Pacific is anticipated to grow at a fastest CAGR growth rate during the forecast period. Rising in awareness and standard of living in countries such as China, India, and Japan etc. is projected to drive the market in the Asia Pacific region.

Key players operating in the small kitchen appliances market:

The small kitchen appliances market is highly fragmented with presence of several key global players. Major players are projected to face tough competition in the coming years. Brands are likely to focus on innovation of new products and research & development activities to strengthen their footprint in the global small kitchen appliances market. Companies are engaging in mergers and acquisitions and joint ventures with local brands to expand their product portfolio.

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Food Processing Equipment Market Trends, SWOT Analysis, Business Overview and Forecast by 2027

Transparency Market Research delivers key insights on the global food processing equipment market. In terms of revenue, the global food processing equipment market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global food processing equipment market report.

In the report, TMR predicts that the global food processing equipment market would be largely driven by factors such as increasing consumption of processed food, urbanization, and rising disposable income of consumers across the globe. This is influencing processors to opt for bulk food handling equipment to meet the requirements of consumers across the globe.

In the food processing equipment market report, the equipment type segment includes size reduction equipment, size enlargement equipment, homogenizers & blenders, cooling & heating system, cleaning system, fermenter, sorters & graders, and others. Based on equipment, the food processing equipment market is anticipated to be dominated by the cleaning system segment at a significant growth rate during the forecasted timeline. Cooling & heating system, size reduction equipment, and homogenizers & blenders segments are also prominent in various countries across the globe for food processing due to ease of use and overall satisfactory results. These are the factors expected to influence the growth of the food processing equipment market during the forecast period.

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In terms of operation, the semi-automatic segment is a major player across the globe. It is expected to remain dominant with a huge share owing to increase in preference for food processing due to its cost-effective benefits. The automatic segment is also a potential operation segment in the food processing equipment market. Rapid growth in the number of small and medium scale food processing industries is expected to propel the growth of the food processing equipment market in the future.

The food processing equipment market is widely fragmented. Large number of small, medium, and large companies operate in the market at the global and domestic level. Companies are focusing on offering innovative solutions to increase their market reach.

Food Processing Equipment Market: Prominent Regions

Asia Pacific holds major share of the food processing equipment market, due to rapid growth in food production and penetration of multinational processing players in emerging countries such as India, China, Philippines, and various other Asian countries. This factor is expected to expand the growth of the food processing equipment market in Asia Pacific at a rapid pace as compared to other regions in the future.

Demand for food processing equipment in Europe and North America is estimated to increase at a significant pace in the near future due to increase in the consumption of processed food and presence of prominent regional players of the food processing sector. The U.K., Germany, France, Russia, the U.S., and Canada are anticipated to be prominent markets for food processing equipment during the forecast period.

The market in South America and Middle East & Africa is anticipated to grow at a rapid rate in the near future. GCC, South Africa, Brazil, and Argentina are anticipated to be the potential markets in the coming years for food processing equipment.

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Major promising players are likely to focus on expansion of business by indulging in strategic alliances, and merger and collaborations to strengthen their footprints in the global food processing equipment market. Companies are engaging in expanding their business through supply of equipment by several online distribution channels. Companies are focusing on offering advanced robotic technology and cost effective innovative solutions to the processors to increase profitability for sustainable growth of businesses.

Food Processing Equipment Market: Key Players

Key players operating in the global food processing equipment market are GEA Group AG, Buhler AG, Tetra Laval International S.A., Alfa Laval AB, Krones AG, Dover Corporation, and Middleby Corporation.

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Functional Apparel Market Growth, and Forecasts 2027 | COVID19 Impact Analysis

The global functional apparel market is anticipated to clock an impressive 13.5% CAGR during the forecast period between 2019 and 2027. At this pace, the market will be valued at US$ 892.4 bn by the end of 2027. 

Major brands such as NIKE, Puma, Adidas, and Mizuno offer application-specific footwear and apparels. Functional apparels can be classified based on type of sport and application. Based on type of sport, they are classified into running shoes, volleyball shoes, etc. Functional apparels with advanced technology are commonly made of microfiber or polyester fabric that absorbs sweat from the body onto the fabric surface, where it evaporates. As a result, these apparels keep athletes dry and comfortable.

Similarly, all types of functional clothing are designed to provide heating and cooling effects as required. In case of cold weather, the apparel retains energy and resists heat loss. Functional socks feature anti-blister system, active odor control, and durability. They stay dry and comfortable for a long time. Increasing awareness regarding beneficial features of these functional apparels and footwear is drawing customers’ attention toward them instead of conventional clothing and footwear.

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With the presence of a large number of players that offer application-specific products, the global functional apparel market is fragmented, states Transparency Market Research in a new report. Players in the market are investing substantially in innovative technology to introduce novel products that offer flexibility, durability, and comfort. Research and development to introduce eco-friendly fabric to serve the demand for eco-friendly performance clothing is also the focus of players in the functional apparel market. Such initiatives will help market players expand their brand into new categories.

In terms of type, the functional apparel market is divided into sportswear, outdoor apparel, footwear, socks, and innerwear. Among them, the footwear segment is anticipated to display faster growth rate over the forecast period. In terms of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is one of the key region of functional apparel market. As individuals are adopting physical activity and fitness regimes, the demand for sportswear apparel and footwear with sweat-free, antimicrobial, and anti-odor features is anticipated to be on the rise in the region.

Demand Of Scientific Principles for Product Manufacture

Growing prevalence of skin allergies and foot allergies is driving the demand for sweat absorption and anti-bacterial features in functional apparel. The adoption of scientific principles in the manufacture of functional apparels offer protection from heat, radiation, extreme cold, and chemicals. These attributes help functional apparel find special potential among technology-savvy users. Highly engineered athletic footwear helps in improving athletic performance and helps reduce injuries.

High Investment in Research & Development

Fabrics are made hi-tech by using chemicals and other methods, which are not eco-friendly. However, at present, consumers have become highly conscious about the environment. They demand eco-friendly performance clothing. In such a scenario, players operating in the functional apparel market have started research and development activities to introduce innovative performance apparels that are natural too. Some of the apparel manufacturers have started utilizing the potential of natural fibers such as bamboo-, soy-, and corn-based fibers for the same purpose.

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Manufacturers are experimenting with organic and recycled fabrics and several of them have come up with green functional apparels made of organic and recycled fabrics. Recycled polyester is mostly used for this purpose. Conversely, a combination of recycled polyester and organic cotton is used for producing eco-friendly performance apparels. These fabrics can perform well even in highly demanding conditions such as extremely hot and humid climate and extremely cold climate.

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COVID-19 Update: Eyewear Market Competitive Strategies, Regional Analysis Forecast 2027

As per the recent TMR report, the global eyewear market was valued at US$ 155,652.3 Mn in 2018 and is forecasted to expand at a CAGR of 8.30 % from 2019 to 2027.It is estimated to reach a value of US$ 319,015.5 Mn by 2027.

In terms of geography, the global eyewear market is segmented into five major regions namely North America, Asia Pacific, Europe, South America and the Middle East and Africa. North America currently holds the lead in the global eyewear market. In the near future as well the regional market is anticipated to rise at steady pace. This due to rising disposable income of people in the region. On the basis of segments online segment to report a higher CAGR during the course of the forecast period.  

Change In Fashion Trends To Boost The Growth of Global Eyewear Market 

Ongoing fashion trends of wearing designer eyewear has emerged as one unconventional drivers of the global eyewear market. The trend is mainly because of the changing lifestyle of the consumers owing to the rising disposable income of the consumers. The growing inclination of the consumers of towards branded eyewear products will pave way for the market to capitalize on lucrative prospect.  Siting the trend, the key players of the global market trying to lure the customer with designer and cost effective product launches. While, majority of the companies adopting product branding approach to seek customer attention. 

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Increased Trend In Usage Of Contact Lenses And Sunglasses Will Create New Market Avenue

Contact lenses and sunglasses are the most comfortable daily wear which is expected to trend upward. Easy availability of the contact lenses at reasonable price is accelerating the market growth across the global level.

Increasing Investment By Eyewear Manufacturing Process Will Lead To Technical Advancements And Transition

Owing to the strong presence of multiple prominent eye wear players such as Magrabi, Signature, Fielmann, Luxottica, Safilo. Zeiss International and Essilor International, the degree of competition in the global eyewear market is high. All the players are continuously investing in current market to enhance their market presence. Luxottica and Essilor International agreed upon the investment of US$ 49 Bn merger to build a global eyewear powerhouse with annual revenue of more than US$ 16.5 bn to collaborate on eyewear business with Marcolin.

High level of fragmentation on account of presence of plethora of companies is expected to shape the competitive contours of the global eyewear market, finds Transparency Market Research (TMR). Some of the predominant players present in the global eyewear marker are Bausch & Lomb Inc., Essilor International, Luxottica Group S.p.A., Zeiss International, Marchon Eyewear and Johnson & Johnson Vision Care. Major players in the market are focusing on product innovation and acquisitions along with partnerships to expand their business.  

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Eyewear Market (Product Type - Spectacles (Spectacle Lenses and Spectacle Frames), Contact Lenses (Soft Contact Lenses and Rigid Contact Lenses), and Sunglasses (Polarized Sunglasses and Non-Polarized Sunglasses); Distribution Channel - Online Channel and Offline Channel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027”.

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Temporary Tattoo Market (impact of COVID-19) with Top Players

• Tattoos have been a form of human expression for centuries. However, the trend of getting inked began since the last decade. Temporary tattoo is a type of tattoo which remains on the skin for limited span of time. This non-permanent nature of the tattoo has increased its popularity in recent times.
• Temporary tattoos can be airbrushed, painted, or drawn on the skin. Temporary tattoo is used for identification, advertising, expression, awareness etc. Temporary tattoos are available in different sizes and colors. It is used in various activities such as sports event, music events, and for social causes.
• Rise in technology, urbanization, social media marketing, and disposable income is expected to lead to the growth of the temporary tattoo market during the forecast period.

Key Drivers and Restraints of the Global Temporary Tattoo Market

• The first promotion of temporary tattoo was by inserting it in bubble gum wrapper. The leak and peel tattoo became famous in the late 90s around the world. The rise in demand to create a glamorous illusion on the skin is expected to fuel the demand for temporary tattoo during the forecast period.
• Marketing and advertising agencies adopt different techniques to promote their brands. Customized brand tattoo sticker is a good form of advertising. Tattoos are handed out to customers at events or social gatherings. Customized tattoos are also made for kids to promote kids brands. Kids demand temporary tattoo of a particular character or superhero.
• The market for tattoos is growing extensively and the correct concept and tattoo idea will create new opportunities. Temporary tattoos are cheaper than permanent tattoos. A lot of thinking goes into getting a tattoo for many people but for the other half it is an impulsive decision which may be regretted. The advantage of a temporary tattoo is its ease of removal. Water and soap removes the tattoo instantly, though some tattoos do remain for a few days or a week.

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Temporary tattoos which are available today are made of good quality ink and glue which lasts for a longer duration. Emoji tattoos are fairly famous and can be given to students or young kids in the form of a gift. Henna tattoo is a part of tradition in some countries such as India and Pakistan. Black henna temporary tattoos are popular in amusement parks, fairs, and markets in Canada.

• Many people get skin allergy including pigmentation loss and scars by applying temporary tattoo; this is likely to hamper the market.
• Advances in printing technology are likely to improve tattoo manufacturing processes. Continuous advancement in printing technology for the development of decal-based tattoo is also contributing to the growth of this market.

Asia Pacific to Lead the Global Temporary Tattoo Market

• Geographically, the global temporary tattoo market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
• Global players are focusing on improving the quality of ink, paper, and concept. Companies are expanding and focusing on developing new tattoo technologies, strengthening of brands, and increasing their customer base through strategic hires.
• Companies are also trying to give the look and feel of permanent tattoos to customers. Major companies hire tattoo artists, graphic designers, and fine artists to create temporary tattoos.

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