Industrial Robotics Market Growth, Opportunities Analysis and Forecast to 2027

Industrial robots have a vital role to play in automation of industries, as several key operations are taken care of by industrial robots in several industries. Economic development in various countries offers promising growth opportunities to the global industrial robotics market. Rapid expansion of e-Commerce activities coupled with phenomenal growth of automotive and electronics industries is an added impetus to the global industrial robotics market.

Some of the renowned market players analyzed in the report on the global industrial robotics market are Yaskawa Motoman Robotics, Kawasaki Heavy Industries, Denso Corporation, Toshiba Machine Co., Ltd., Fanuc Robotics, and KUKA Robotics. The global industrial robotics market is projected to reach US$ 297 Bn by 2027. The market is likely to grow at a CAGR of ~9% from 2019 to 2027.

Growing Demand for Collaborative Robot to Drive Industrial Robotics Market

Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used in variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection. Furthermore, collaborative robots help companies to enhance the production output with high levels of work safety, as these robots can perform repetitive work at a faster pace. Demand for collaborative robots is continuously on the rise in different industry verticals including retail, healthcare, automotive manufacturing, and several others, owing to their numerous benefits and associated applications. Several manufacturers operate in the industrial robotics domain such as Universal Robots, KUKA AG, and Franka Emika GmbH, who offer a wide variety of collaborative robots for various industries.

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Extensive Deployment of Industrial Robots in Manufacturing Units Drives Market in North America

Based on region, the global industrial robotics market has been segmented into Latin America, Middle East & Africa, Asia Pacific, Europe, and North America. Regional segmentations are likely to facilitate better understanding of market dynamics at play in each of the regions during the forecast period.

According to the findings of the Association for Advancing Automation, around 27,294 robots were ordered in the first nine months of 2019. These robots were valued at around US$ 1.473 Bn. North America is likely to lead the global industrial robotics market in the coming years. Substantial reliance of North American manufacturing units on advanced and innovative technological solutions to generate high quality output at reduced cost is fueling the market. Increased implementation of advanced software programs to stay ahead of competition is responsible for growth of the industrial robotics market in North America.

Modern manufacturing facilities in North America substantially depend on new innovative technologies to produce higher quality products at high speed and reduced costs. Manufacturing facilities are implementing more intelligent software and hardware to survive in the current competitive scenario.

Likewise, Europe is also expected to account for a large share of the market. In 2017, around 170,000 robots participated in the production process of the automotive industry in Europe. Such high levels of robotic participation is a manifestation of the market prominence in the region.

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According to TMR analysts, in terms of density of industrial robots, South Korea is estimated to retain its leading position during the assessment period.

High Cost of Human Labor to Bolster Demand for Industrial Robots

The expansion of the global industrial robotics market is stimulated by heightened activities in the factory automation sector. The global industrial robotics market is poised for considerable growth in the near future with the growing human-machine interaction together with cloud technology improving control of hardware.

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Optical Transmitters Market (impact of COVID-19) to See Massive Growth by 2027

• Information can be transmitted in various ways. An optical transmitter is one half of a communications system, where the other half would be an optical receiver. Producing an optical signal is the purpose of an optical transmitter.
• Various other similar transmission methods use electrical signals, e.g. Ethernet or USB cables, or radio transmissions such as AM or FM radio. There are two categories of optical transmission: guided-wave or free-space, and unguided. Guided transmission media are cables such as twisted pair cables, coaxial cables, and fiber optic cables.
• Fiber optic cable is the commonly used guided wave optical transmission systems. Under this system, light is transmitted through the fiber. The fiber uses total internal reflection to keep the light trapped inside.

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Key Drivers and Restraints of Global Optical Transmitters Market

• The optical transmitter market is primarily driven by the wide usage of optical transmission technology in remote controls of various electrical and electronic devices. Increase in adoption of optical communications is also driving the market.
• Semiconductor optical transmitters are designed to be compact, efficient, and reliable to operate in an optimal wavelength range. They are directly modulated at high frequencies.
• Optical transmitters are also used in the inter satellite communication that is also called free space communication (FSO)
• They also offer significant advantages such as low weight and greater power savings, thereby enabling easier, faster, and reliable transmission of information. This provides immense opportunities for usage of optical transmitter systems in electronics and electrical devices.

Increase in Requirements of Higher Bandwidth in Optical Transmitters

• The optical transmitters market is expanding significantly due to the increase in demand for higher bandwidth and high bit rate with the growth in penetration of Internet across the globe. The fiber optical technology is also advancing continuously.
• Implementation of Fiber to x (FTTx) broadband in developing countries due to the rise in demand for broadband services and applications is estimated to boost the optical transmitter market
• Government initiatives in developing countries and telecommunication deregulation across the globe are also likely to augment the demand for optical transmitters. Growth in the smartphones market and rise in demand for LTE and 4G services are also projected to propel the market in the near future.

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Telecom Anticipated to be Rapidly Growing Industry

• Telecom is estimated to be a rapidly growing end-use industry of the global optical transmitter market. Fiber optical communication network and optical transmitters are required for the transmission and receipt of signals.
• In terms of revenue, the telecom industry has been expanding due to the rise in usage of optical transmitters, since optical transmitters are required for fiber optical communication. Demand for new information services, including data, Internet, and broadband services, is combined with the supply of innovative information technological equipment such as optical transmitters in order to transfer the information at a faster pace.
• The current era of information technology is known as the ‘tera era’ in the telecom industry, as the demand for terabit-per-second information speed and terabyte information storage is high. This demand can be met with the use of technologically advanced optical transmitters, as these transmitters can provide faster and uninterrupted information transmission.
• Thus, increase in demand for high speed information transmission in the telecom industry is expected to be a vital factor driving the global optical transmitter market

Asia Pacific to Lead Global Optical Transmitters                                                       

• In terms of region, the global optical transmitters market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is likely to witness the maximum demand for optical transmitters from 2019 to 2027. Major manufacturers of optical transmitters have been investing significantly in China, especially in the telecommunication components manufacturing sector in the country
• Leading manufacturers of optical transmitters have extensive distribution networks along with deep product penetration. They have become increasingly international in their activities since the onset of globalization. Several manufacturers of optical transmitters have vertically integrated in the manufacture of optical transmitters.

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Electronic-grade Polysilicon Market with Business Trends and New Opportunities by 2027

• Electronic-grade polysilicon is a highly purified form of silicon, also known as polycrystalline silicon. Electronic-grade polysilicon has been the material of choice for use in mainstream semiconductor devices and circuits. Polysilicon has semiconductor properties and, hence, it is widely used in solar power and electronics industries
• Polysilicon can be produced by using three major commercial processes: the Siemens process, the FBR process, and the upgraded process of metallurgical grade. Polysilicon obtained from the Siemens process is in the form of rods, whereas polysilicon obtained from the FBR process is granular
• Polysilicon is generally of two grades: solar and electronic. Solar-grade polysilicon is used in the manufacture of photovoltaic cells, while electronic-grade polysilicon is employed in the manufacture of integrated circuits, power conversion devices, optics, and microelectromechanical systems (MEMSs)

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Rise in Demand for use of Innovative Production Process

• Rapid and ongoing expansion of their polysilicon production capacity by market players is likely lead to oversupply of polysilicon for the next several years, thereby prompting manufacturers of electronic-grade polysilicon to further innovate their production processes and reduce operating costs.
• For polysilicon production, manufacturers utilize silane gas as a precursor. This leads to a closed-loop process that can result in reduced costs. Also, it significantly reduces the environmental impact. It also enables production of high-quality polysilicon.
• Polysilicon plants that target the global electronic-grade polysilicon market use ultra-high purity hydrogen purifiers. It is helpful to remove typical impurities such as methane and nitrogen.
• Large gas plants produce primarily trichlorosilane (TCS) gas that are used in the production of semiconductor-grade polysilicon for both semiconductor and solar applications. This provides the manufacturer with flexibility to operate in the electronic-grade polysilicon market place. Hence, increase in use of innovative production process is expected to drive the growth of the market during forecast period.

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Polysilicon Chip Segment to Offer Lucrative Opportunities

• Based on technology, the global electronic-grade polysilicon market can be segmented into polysilicon rod and polusilicon chip
• Polysilicon chip are majorly used in electronics, automotive and solar energy applications. Polysilicon chip technology is increasingly used by manufacturer to develop cost efficient polysilicon material
• Rise in demand for polysilicon chip technology is anticipated to show prominent growth during forecast period.

Asia Pacific to Lead Global Market

• In terms of region, the global electronic-grade polysilicon market can be split into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• The electronic-grade polysilicon market in Asia Pacific is dominated by China, in terms of production as well as consumption. The market in China is projected to witness relatively significant growth during the forecast period. This can be primarily attributed to the rise in government investments in the solar industry and significant growth of the electronics & semiconductor industry in China.

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3D Printing Robots Market Share by Manufacturer

3D printing has witnessed almost limitless potential in manufacturing robots and their effectors. Robotic solutions providers have dotted the landscape of commercial 3D printing for long, constantly opening new avenues of automation in numerous manufacturing industries. Advances made in 3D engineering have expanded the possibilities further, unarguably. The use of robotics for 3D printing has opened an exciting paradigm and hopes to harness the profound potential of the additive manufacturing in diverse range of applications.

Wide range of tasks 3D printing accomplish may typically include repairing bridges, tunnels, and range of civic structures. The 3D printing robots market is also witnessing industry initiatives in developing and testing prototypes that can use these robots in hazardous environments with reliability and in hard-to-reach areas. Such applications in the market may include mobile robots that can venture into outer space or go into the deepest recessions of the ocean.

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Global 3D Printing Robots Market: Notable Developments

Transformation of novel concepts of 3D printing need research backed by massive funding. Various governments seeing the incredible potential in the 3D printing robots market have come to the forefront to aid the research community, especially in developed economies. The governments’ agencies have been forking out large sums to such research.

A recent case in point is $1.2 million grant from the National Science Foundation (NSF) for a multidisciplinary research by robotics expert at the NYU Tandon School of Engineering in New York. The team has embarked on a task of 3-D printers with autonomous systems, particularly on robotic arms. These thus become mobile arms controlled by algorithms in almost real-time. The researchers have utilized a concept called collective additive manufacturing (CAM) to make the prospective 3D printing robots do the printing work. Next-generation technologies in AI and machine learning help these robots to achieve the desired autonomy and control. The researchers are further working on real-time optimal control algorithms.

In August 2019, a team of Danish designers envisaged a roaming 3D robot that has the potential to repair environments at land, air, and even sea, such as in tackling coastline erosion and infrastructure deterioration. A number of other research initiatives have been taken recently by students in various parts of the world. All these underscore the fact that the printing robots market is apparently limitless.

Global 3D Printing Robots Market: Growth Dynamics

Growing numbers of use cases of 3D printing robots is a key trend bolstering the evolution of the market. Over the past few years, several industries have been engaged in development activities to harness the potential of additive manufacturing. Further, prominent research organizations are coming out with novel concepts that need prototyping. Efforts made by a few pioneers in testing these prototypes have unlocked a new potential in the 3D printing robots market.

Moreover, industry players are optimistic of collective additive manufacturing concept to expand the potential of several mobile 3D printing robots do their work concurrently. Such a technology can be used in printing large structures.

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The technologies in the 3D printing robots is largely niche at this stage. The 3D printing market is no doubt nascent. Several industry research efforts have realized the potential, thus proving a robust force in the evolution of the 3D printing robots market. Some of the key end-use industries seeking to gain a competitive edge are aerospace and defense, healthcare, consumer products, automotive, and construction. Of these, the application in the construction industry has been showing remarkable potential. 

Global 3D Printing Robots Market: Regional Assessment

On the regional front, North America and Europe have shown remarkable potential. The growth is propelled by slew of research on exploring the use cases of 3D printing robots in industrial applications. Moreover, extensive research being made by various universities is also catalyzing the rapid expansion of these regional markets during 2019 – 2027. Further, the technological strides made by 3D printing in developing regions will make some of these into fast-emerging markets. An instance is Asia Pacific.

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Nutricosmetics Market SWOT Analysis by Top Key Players, Demand and Forecast Research to 2027

Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for nutricosmetics. Emerging markets in the Asia Pacific region and South America whose income levels are rising are expected to witness high growth rate in the demand for skin care products. This is due to a rise in disposable income. Developing countries such as Chile and Uruguay are witnessing a rise in average spending on nutricosmetics products.

Transparency Market Research has come up with a new report titled “Nutricosmetics Market”, which forecasts that the market would expand at 8.5% CAGR over the period of forecast from 2019-2027. The global nutricosmetics arket is estimated to be valued at US$ 8,571.5 mn by the end of 2027.

Consumer rising preference towards a healthier and better lifestyle coupled with usage of natural products including barks, roots, and green tea in skin care product is escalating the demand for global nutricosmetics market. Some of the prominent players that are operating sucessfully in the global nutricosmetics market comprise names like The Coca-Cola Company, E.l.Du Pont De Nemours and Company, Cargill Incorporated, L’Oreal SA, and Nestle S.A. 

Personalization in Cosmetic Skin Care Products

Rising demand of personalized cosmetic skin care products, wherein manufacturers take into account specific details of individuals such as weather, skin type, pollution levels where they live, and a myriad other details to ensure that the product is compatible with and effective on the user’s skin.

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Use of Cannabidiol (or CBD)

Cannabidiol is one of the 80 compounds called cannabinoids extracted from the cannabis sativa plant. CBD is known to treat dry skin, psoriasis, and eczema and is being used in many beauty products. CBD also offers anti-inflammatory and moisturizing properties, which is increasing its popularity as an ingredient in cosmetic skin care products. It was earlier part of a niche category of skin care products. It is now entering the mainstream with a number of brands, established and upcoming, launching products containing the ingredient.

In terms of regions, the global nutricosmetics market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Europe accounted for the leading market share owing to high penetration of nutricosmetics. Such high penetration of the product is coupled with substantially high adoption rate amongst the consumers followed by high awareness about the benefits of nutricosmetics. Nutricosmetics manufacturers in Europe are opting for strategic joint ventures and acquisitions in bid to grab opportunities in the global nutricosmetics market.

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Halal Cosmetics Market by Technological Advancements and Business Outlook 2020

Halal is an Arabic term which means lawful or permissible. Halal cosmetics are body and skin care products which are known to be free from the materials that are forbidden by the Islamic society. Halal cosmetics are based on the concepts of Halal and non-Halal, Najis and Mutanajis, safety and quality. Halal cosmetic is considered as an innovation to the cosmetic industry as it introduces new external and internal operations that will serve the growing customer needs. Halal cosmetics are concerned towards halal compliance that are basically applied upon the entire supply chain which ranges from sourcing of raw materials to manufacturing, transportation, freight handling and warehousing.

Growing consciousness among the consumers regarding the usage of ingredients in cosmetic products are resulting to the increase in halal cosmetics products. Government had identified halal cosmetics as certified halal by the Islamic Religious Department in Malaysia without the use of animal fat, gelatin or other chemicals. Halal cosmetics are known to be safe for Muslim as well as the non-Muslim consumers in terms of process, nature of the products and the knowledge of the ingredients used.

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Health hazards such as cancer and other distortions associated with the cosmetic products containing nano-particle ingredient resulted to a shift in consumer preference towards halal cosmetics products. The global halal cosmetic products market has been segmented into different product types into skin care products, hair care products, make up products and others. Hair care products segment is expected to grow at a rapid rate in terms of revenue as compared to the other type of products.

Skin care segment and make up products are expected to lead the market during the forecast period..The rise in demand for halal cosmetics is manly prejudiced by the halal logos. Manufacturers of halal cosmetic products are engaged upon continuous research and development in order to develop new products and conducts regular survey in order to know the customers concerns towards halal cosmetics. Increasing number of Muslim population and preference towards consumption of beauty products is considered to be a major driver for the global halal cosmetics market.

However lack of knowledge regarding the halal cosmetics among the consumers leading to lower adoption rate is holding back the market for hala cosmetic products. Monopoly of the non-Muslim companies and government’s stringent rules and regulations are restraining the global halal cosmetics products market.

Additionally, South Asian halal cosmetics market are generating opportunities due to the presence of large Muslim population and high awareness regarding the halal cosmetic products. Growing number of women working population are generating business opportunity for more investment in the halal cosmetic industry.

The market for halal cosmetic products has been segmented into by geography namely North America, Europe, Asia Pacific, Middle East, Africa and Latin America. Asia Pacific is anticipated to capture the largest market share due to the presence of emerging countries such as Indonesia, Malaysia, India, Bangladesh, Pakistan and Maldives coupled with their improving socio economic factors. Malaysia consists of great potential to emerge as a global halal hub due to the rising demand of cosmetics and toiletries products. Middle East which includes United Arab Emirates, and Saudi Arabia among others is expected to have an important customer base due to their improvement in income levels coupled with structured Islamic society. Manufacturers use halal certification logo a way to inform and reassure their target customers

Global key participants in the industry includeDarling MMA Bio Lab Sdn Bhd, Ivy Beauty Corporation Sdn Bhd, Talent Cosmetic Co., Limited, The Halal cosmetics company, PHB Ethical Beauty, Sampure Minerals Amara Cosmetics Inc., Inika, Maratha Tilaar Group, Clara International, Saaf Skin care, Prolab cosmetics, IBA Halal Care, NUTRALab, Zelcos, Nizona Corporation, Croda among others.

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Steel Tubes Market Opportunities, Analysis and Forecast 2020-2025

Steel tubes are the niche segment application of iron and steel that is anti-corrosion and rust free. The global steel tubes market can be segmented into application, end-products, and geography.

In terms of application, the steel tubes market can be segmented into building & construction, automotive, consumer durables, high voltage electrical equipment, platforms, stairs, handrails, pipe fittings, and engineering among others. In terms of end-products, the steel tubes market can be segmented into bolts, nuts, pipes and tubes, main frames, and cable support systems among others. Moreover, in terms of geography, the market can be segmented into Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and South America.

Rise in industrialization along with increase in population have led to the rise in sales of property, houses and construction expenditures. Governments of various developing nations are focusing on infrastructural developments, which, in turn, have led to the increase in demand for steel tubes. This is acting as a driver in the expansion of the steel tubes market. Properties and characteristics of steel tubes are major factors that are fuelling the expansion of the market. These characteristics include corrosion resistant, rust free and high reliability. Steel tubes are inexpensive, and hence, are preferred in various constructional purposes such as residential and commercial buildings.

Cost effectiveness and increased usage of steel tubes in various industry-based applications in comparison to conventional pipes and tubes are further contributing to the expansion of the steel tubes market. This trend is persuading manufacturers to explore new business opportunities in the steel tubes market. This, in turn, is propelling the expansion of the market globally. Increasing awareness and popularity of steel tubes in the building & construction industry are key factors that are boosting the expansion of the market.

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Furthermore, reduced or low maintenance cost of steel tubes is an important factor playing a vital role in the expansion of the steel tubes market. . The engineering industry is a rapidly expanding end-user industry segment where steel tubes have found numerous applications. Increase in demand for steel tubes in the emerging markets of Asia Pacific along with various technological needs are acting as opportunities for the steel tubes market. Latest Steel Tubes in place of conventional pipes and tubes is also driving the expansion of the steel tubes market.

These factors are playing a vital role and are simultaneously affecting and contributing to the expansion of the steel tubes market significantly. The steel tubes market is expanding significantly as there is considerable expansion in the construction and engineering sectors and large-scale industries globally. This, in turn, is increasing the demand for steel tubes in the market. Manufacturers are consistently focusing on product development in the emerging markets as there are opportunities to expand and increase their market share globally.

 Asia Pacific is a prominent market for steel tubes followed by North America. Europe is a rapidly expanding market for steel tubes. North America is the second largest market, and in terms of market share, the U.S.is the leading contributor in the region. China and Japan are among the leading contributors in Asia Pacific. The major reason behind this considerable expansion of the steel tubes market in the region is the significant investments in construction and infrastructural projects by governments of developing nations. This, in turn, has fuelled the demand for steel tubes in the market in the developing nations of Asia Pacific.

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The global steel tubes market is fragmented with many established players. Major players in the market are primarily from Malaysia, Japan, Thailand, China, U.S., and Europe. Key players in the market include Borusan Mannesmann Boru Sanayi ve Ticaret A.S., JFE steel, Arcelor Mittal, Jindal SAW Ltd., Bao Pipes and Tubes, Gerdau, NSSMC, POSCO, and Nucor. Other prominent vendors in the market are American SpiralWeld Pipe Company, LLC , Liaoyang Steel Tube Co., Ltd. , Hebei Iron and steel, AK Pipes and Tubes, Ansteel, United States Steel(USSC), Shagang Group, and Tata Steel.

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