Neuromorphic Computing Market to Experience Significant Growth during the Forecast Period to 2024

Neuromorphic computing or neuromorphic engineering has been described as the use of large integration systems containing numerous analog circuits allowing the replication of neuro-biological behaviors existing in a human’s nervous system. The neuromorphic computing platform consists of two vital systems based on the custom hardware architecture. Such systems are designed to program neural microcircuits by applying brain-like thought process in cognitive computing and machine learning process.

This procedure enables a machine to learn, adapt and function like a human brain does rather than functioning like a normal computer. In addition, to perform such a complex task, the computing platform requires the state-of-the-art circuit technologies and electronic components, which allows the platform to receive new data or knowledge gained from various other sources of neuroscience research, e.g. theoretical neuroscience, brain modelling and experimental neuroscience. 

The neuromorphic computing systems are programmed as brain inspiring devices, which are capable for low energy and high speed simulations of synaptic plasticity with spiking neural networks. The two neuromorphic computing systems are BrainScaleS system and SpiNNaker system. The BrainScaleS system is purely based on mixed signal and analogue emulations of neuron, synapse of plasticity models with digital connectivity going up to 10,000 times faster than the real time. The SpiNNaker system on the other hand is based on numerical model, which runs in real time on custom digital multicore chips. The simulation and models for this system is provided in Python script, which uses PyNN API.

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Neuromorphic computing is expected to gain huge momentum in the coming years due to the gaining familiarity of neuromorphic computing technology and rising demand for artificial intelligence. Artificial intelligence is used as applications in language processing, computer vision and image processing, translation and chatterbots, and non-linear controls and robotics. In addition, increasing application and usage of software in neuromorphic computing is also set to drive the growth of this market.

Softwares in neuromorphic computing is used as various applications such as predictive analysis, machine vision, video monitoring, online learning and data modelling among others. There has been an emerging trend of combining embodied models and neuroscience computation for the application of neuromorphic chips in cognitive and brain-based robots. Major companies in the neuromorphic computing market are improving their efforts in their research and development activities and marketing strategies for the commercialization of neuromorphic chips.

Such initiatives is expected to help companies penetrate into new areas of market and create awareness for the new technology and products involved supporting the advancement of neuromorphic computing technology. Moreover, the replacement of Von Neumann chips by neuromorphic chips is also expected to bolster the growth of neuromorphic computing industry, exponentially. Neuromorphic chips exhibit qualities such as low power consumption, high speed accuracy and optimum memory usage. However, limited research and development in this market due to huge investment and advanced technologies required, coupled with complexity in the designing and manufacturing of neuromorphic chips are the major factors inhibiting the growth of neuromorphic computing market. 

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The neuromorphic computing market can be categorized into five application segments such as image processing, signal processing, object detection, data processing and others. The signal processing market is expected to show significant growth in the coming years owing to the rising demand for acoustics signal and processing of audio. By end-use, the market can be segregated into five segments such as automotive, consumer electronics, automotive, defense, healthcare and others. The consumer electronics is expected to hold the largest share in terms of end-use application of neuromorphic computing. The usage of neuromorphic computing in self-driven and smart vehicles is expected to bring a transition in transportation and furthermore, propel the growth of automotive sector. The usage of neuromorphic chips in satellites for surveillance and aerial imagery is highly in demand in the defense sector. 

The key players in the neuromorphic computing market include Hewlett-Packard (U.S.), IBM Corporation (U.S.), Samsung Electronics Co. Ltd. (South Korea), Qualcomm Inc. (U.S.), Intel Corporation (U.S.), Brain Corporation (U.S.), HRL Laboratories (U.S.), General Vision Inc (U.S.), Vicarious (U.S.), Knowm Inc. (U.S.), Numenta (U.S.), and CEA-Leti (France) among others.

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Color Detection Sensor Market Global Share, Trend And Opportunities Forecast To 2024

Color detection sensors are photo-electric sensors which generally use light to voltage, light to frequency and light to digital techniques to sense color and light. Trans-missive and reflective sensing are two major color sensing systems used in the market. In case of trans-missive sensing, the sensor identifies the color of light that is reflected from a source of light, while in reflective sensing, the sensor identifies the color of light from a particular surface. These sensors provide reliable solutions to difficult automation challenges.

They are mostly used for different purposes such as detection of components, verification of stages in manufacturing processes, matching colors of adhesive tape and various components, detection of color marks on parts and packaging of products among others. Moreover, color detection sensors have wide range of applications in the industrial automation sector. With advancement of technology, different color sensors have been developed with significant improvements like smaller package size, high precision and detection of more colors among others.

The color detection sensors market is expected to grow at a steady rate during the forecast period. The major reasons are attributed to increasing development of industries and modern technological advancements. Moreover, these sensors are widely used in various industries for identifying and distinguishing different colors. The ability to differentiate various objects by their respective colors with superior consistency and accuracy has significantly driven the market growth of these sensors. Color detection sensors identify the color of the object by analyzing the light reflected from the surface of the object.

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Other factors driving the growth of the market are innovations in technology, increasing development in automation industry, rising global investment patterns and growing demand from various end-use industries like packaging, petrochemicals, food & beverage, hardware, textiles and chemicals among others. In addition, increasing usage of metallic and lustrous paints or inks in products is further fuelling the demand for superior color sensors, brightness and contrast sensors for precise identification purposes. However, the cost factor and increasing demand for accuracy and more features are some of the factors restraining the growth of the color detection sensors market.

Color detection sensor market can be broadly classified on the basis of product types, applications, end-use industry and geography. By product type, the market is segmented into color sensing, luminescence sensor, RGB sensor, brightness sensor, print mark sensor and contrast sensor. The market by applications is divided into consumer and commercial printing, health and wellness, lighting and digital signage, gas and fluid analysis and industrial automation. In terms of end-use industry, the market is sub-divided into food and beverage, automotive, textiles, chemical, pharmaceutical, paper and pulp, packaging and consumer industry among others.

By geography, the color detection sensor market is segmented into North America, Europe, Asia pacific, Middle East and Africa and Latin America. Currently Europe is dominating the market in terms of revenue, owing to huge technological advancements in this region. Moreover, large number of suppliers of color detection sensors have their widespread presence in Europe. However, Asia Pacific is likely to grow at the highest CAGR, owing to newly establishing industries and innovation in technology among others. Moreover, there is also significant growth opportunity for this market in Middle East and Africa and Latin America.

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Top players in the market for color detection sensors are Ams AG (Austria), ASTECH GmbH (Germany), Atlas Scientific LLC (U.S.), Banner Engineering (U.S.), Balluff GmbH (Germany), Baumer (Germany), CTi Automation (Mexico), Datalogic S.p.A (Italy), EMX Industries Inc. (U.S.), SICK AG (Germany) Hamamatsu Photonics K.K. (Japan), Hans TURCK GmbH Co. KG (Germany), InfraTec GmbH (Germany), JENOPTIK AG (Germany), Keyence Corp (Japan), OMRON Corporation (Japan), and Panasonic Corp. (Japan) among others.

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Switched Reluctance Motor Market by Major vendors and Trends by Forecast to 2024

Developed by Sir James Dyson, Switched reluctance motor also called as variable reluctance motor market is an electric motor operates by producing reluctance torque between iron laminated rotor and energized stator pole. It does not require any permanent magnets. Stator is similar to brushless dc motor. So in switched reluctance motors, mechanical construction design is simplified but electrical designing becomes complicated. Number of phase in the motor determine the number of pole in stator. A 3-phase motor has 6 stator poles as 2 opposite ended stator pole forms one phase of the motor.

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Count of rotor poles is always different from stator poles. Phase winding in case of switched reluctance motor resides on stator only. Windings used switched reluctance motor are concentrated windings. To form the phase of the motor, connection of windings in series on the stator poles is done. As both stator and rotor are simple in construction and design, faults are less and hence more fault tolerant. One of the major advantages of switched reluctance motor are they continue to run with disabled or shorted poles but with the reduced smoothness or torque. Disadvantages of the switched reluctance motor are that difficulty to control, noisy, have torque ripple effect, need shaft sensor for operation.

Torque in switched reluctance motor has limitation of maximum allowed current and bus voltage speed. Some of the applications of switched reluctance motor are air conditioning system which are environment friendly for passenger trains, advanced weaving machine technology, motor blower for vacuum cleaning, and food processor compact drives. Switched reluctance motor also find applications in high volume appliances and appliances which have very high starting torque. Considerable efforts are made to improve on the noise characteristics of switched reluctance motor but this can still be a limitation for applications where operating speed range required is very broad.

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Mechanical design same as switched reluctance motor is used in generator. Such generators run with much higher speed than the conventional ones. Single phase switched reluctance motors are mostly used because of their low cost of manufacturing. Maximum duty cycle of a single phase witched reluctance motors is 0.5 and due to this there is high torque discontinuity and hence high noise and torque ripple. Home appliances and hand tools which are insensitive to the high noise and torque ripple use this single phase switched reluctance motor.

Major drivers for the market include high torque density property of switched reluctance motors as compared to induction motors. Improved efficiency has also increased the demand for switched reluctance motors. Construction of switched reluctance motors is more rugged as compared with the induction motors which has also augmented the demand for the switch reluctance motor. Another driver for the market is the switch reluctance motor’s application in cost efficiency and energy. Application in high power electronic switches is another reason for growth in the market.

The switch reluctance motor’s suitability to be used in very high temperature ambience is also the factor increasing the use of the switch reluctance motor in the market. Major advantage of being least expensive of all the motor types is the key reason for the growth of the switch reluctance motor market. One of the key challenges posed to the switch reluctance motor market is its disadvantage of acoustic noise and torque ripple.

The market can be segmented based on the application (Fuel Pump, Throttle Control, Oil Pump, Vacuum Cleaner, Lawnmower, Washing Machine, Fans, Automatic doors in buildings and vehicles), type (4/2 2-Phase switched reluctance motor, 6/3 3-Phase switched reluctance motor), and geography (North America, Europe, Asia Pacific, Middle East & Africa, Latin America).

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Flashlight LED Market Forecast Research Reports Offers Key Insights

LED lighting solutions are gaining immense popularity among residential and commercial applications at a rapid rate. This factor may serve as a growth generator for the global flashlight LED market across the forecast period of 2020 - 2030. Portable and compact LEDs are making a mark across the global populace in terms of usage. This aspect may also prove to be a growth multiplier for the flashlight LED market.

This report on the flashlight LED market conducts thorough research on various parameters for analyzing the ideal growth generating factors. This aspect proves to be of great help to the market stakeholder and helps them to design their business strategies accordingly. This report also covers the rapidly changing flashlight LED market scenario. The report also sheds light on the effects of COVID-19 on the flashlight LED market through the forecast period of 2019-2028.

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Flashlight LED market: Competitive Scenario

The competitors in the flashlight LED market are adopting various mechanisms and technologies to serve in the most efficient way for the consumers. Inculcation of features like rechargeable capacity and lightweight properties are allowing the manufacturers in the flashlight LED market to penetrate deeper for growth prospects. The use of superior quality material for flashlight LEDs is also a prime goal of the key players for offering excellent performance. Traditional transcendent flashlights are swiftly being replaced by flashlight LEDs due to their convenience and ease of application. This factor may serve as a great growth opportunity for the flashlight LED market.

Mergers, acquisitions, joint ventures, collaborations, and partnerships serve as strong pillars of growth for the flashlight LED market. Research and development activities also form a vital part of the flashlight LED market as they assist in discoveries and findings that augur well for cost-effectively providing good quality flashlight LEDs. Key players involved in the flashlight LED market are Surefire LLC, Larson Electronics LLC, powning International S.A., Pelican Products Inc., Energizer Holdings Inc., Streamlight Inc., Mag Instrument Inc., and Bayco Products Inc.

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Flashlight LED Market: Emerging Trends

The flashlight LED market is witnessing numerous trends that cater in a great way to the consumers. The use of flashlight LEDs in the healthcare sector may paint fresh opportunities for growth on the canvas of the flashlight LED market. Healthcare professionals use LED penlights that help in examining the patient’s eyes and ears carefully. Flashlight LEDs are also said to reduce eye defects. A study conducted by a group of researchers published in Journals of Gerontology proves that deep red flashlight LEDs may help to tackle the problem of aging vision. Such developments may open new doors of opportunities for the flashlight LED market.

The addition of flashlight LEDs in producing innovative products may gain traction and offer good growth prospects to the flashlight LED market. Xiaomi recently launched an umpella with an inbuilt flashlight LED. This aspect helps the user to detect and identify a deep puddle or a missing tile while walking in the dark during the rain. Similar advancements may serve as a boon for the growth of the flashlight LED market.

Flashlight LED Market: Regional Developments

The flashlight LED market can be geographically segmented into South America, North America, Asia Pacific, the Middle East and Africa, and Europe. Asia Pacific may serve as the leading growth contributor for the flashlight LED market. Remote areas in India observe frequent power cuts. This factor leads to an increase in the usage of flashlight LEDs on a large scale across remote and rural areas in India, eventually increasing the growth rate. North America may also witness good growth across the forecast period due to the escalating demand for LED flashlights across residential and commercial sectors.

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Food Sorting Machines Market Forecast, Analysis and Supply Demand 2020 to 2030

Growing need for automation in the food processing industry is a major force driving the global food sorting machine market over the forecast period of 2020 to 2030. Transparency Market Research notes here that there are several other factors of growth which are set to contribute to the anticipated growth. Some of these include growing focus on food security and healthful foods. Additionally, rapid urbanization and industrialization, particularly in the developing regions of the world, is propelling the market forward in a major way. Players in the market have a keen focus on innovation and are developing a host of myriad growth strategies that are set to drive the market on a high growth curve over the stated forecast period.

Global Food Sorting Machines Market: Competitive Landscape

Fragmented and competitive vendor landscape of global food sorting machines market is responsible for making it rife with developments that are shaping the way the market would operate in the future. As new players enter the market, as expected for the forecast period, the degree of fragmentation would grow.  A key focus area of players in the market is launching netter, more innovative products to gain an edge over the competitors.

Some of the most competitive names in the global food sorting machines market are:

• Tomra Systems ASA
• Sesotec GmbH
• Buhler AG
• Key Technology
• BarcoVision
• Satake USA Inc
• Aweta,
• Cimbri
• Forpak
• Meyer
• Nikko
• Raytec Vision
• SCHULE (Subsidiary of KAHL)

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Global Food Sorting Machines Market:  Key Trends and Drivers

The global food sorting machines market is marked by presence of a growing need for food security and changing consumer preferences. Multiple trends are pushing the market on a high growth trajectory. Growth drivers, at interplay with positive market trends, are keeping the market buoyant. An overview of the whole picture is provided below:

• Rapid urbanization is leading to an increase in demand for convenience foods. And, this is helping the demand for food sorting machines grow substantially over the forecast period. It is pertinent to note the role of growing awareness regarding health and wellness among people. As demand for healthy foods - easy to prepare and eat - grows, the need for these machines would increase substantially.

• Better and more efficient food supply chain is the need of the hour. One of the biggest factors behind this growing need is another challenge facing the planet – food security. Population across the world is growing rapidly and farmlands are shrinking in acreage. By 2050, population of the world will be 9.7 billion. Besides, climate change is already wreaking havoc on production. This is leading to a pressing need for reduction in waste and increase in efficiency. Food sorting machines can play a key role here, driving up growth in the market over the forecast period.

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Global Food Sorting Machines Market:  Regional Analysis

In terms of contributions to revenue, the region that will lead the market is North America. Reasons driving the regional market on to a place of dominance are changing consumer preference towards healthful foods, favorable regulatory framework and increasing government support. Additionally, it is quite worth noting here that industrialization developing countries and an increase in living standards is also helping the Asia Pacific (APAC) region chart a notable growth rate and help players tap into lucrative growth opportunities.

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Hybrid Excavator Market Demand, Trends and Forecast To 2027

• A hybrid excavator is an equipment that uses two or more distinct power sources to provide motion. Heavy equipment manufacturers offer hydraulic technology equipped hybrid excavators. Hydraulic hybrid excavator is a simple, reliable, and cost-effective solution that is expected to help end-users to significantly reduce the cost per ton.
• Hybrid excavator manufacturers are incorporating advanced and innovative features such as integrating its powertrain with a hybrid electrical system to significantly reduce fuel consumption and CO2 emissions

Rapid Urbanization and Rise in Infrastructure Development Projects to Drive the Hybrid Excavator Market

• Rise in infrastructure development projects which include roads, dams, bridges, and airports is projected to be a key driving factor for the hybrid excavator market. China, India, Japan, Australia, and UAE as well as other countries in Asia Pacific and Middle East & Africa are estimated to be prominent markets for hybrid excavators due to rise in construction of commercial buildings and skyscrapers. Shift from a labor-centric approach to modernization or mechanization is anticipated to be the major driving factor for the hybrid excavators market during the forecast period.

Trend of Offering Hybrid Excavators on Rental Basis to Increase Rapidly in the Near Future

• The trend of offering hybrid excavators on a rental basis has been growing in a significant manner. This factor is projected to generate lucrative opportunities for the market in the near future. As these equipment are expensive in terms of pricing, most of the builders outsource a wide range of compaction equipment on a rental basis. On the other hand, high cost of hybrid excavators and costs incurred on installation and maintenance of these equipment are some of the major factors driving the rental business of hybrid excavators.

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North America and Europe to Hold Major Share in the Hybrid Excavator Market

• Geographically, the global hybrid excavator market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• North America and Europe held majority of market share in the global hybrid excavator market in 2018. The hybrid excavator market in North America and Europe is anticipated to expand in a rapid manner during the forecast period, due to rise in infrastructure development products and demolition of old sites in countries such as the U.S., Canada, Mexico, U.K., Germany, France, and other countries in Europe.
• The market in Asia Pacific and Middle East & Africa is projected to expand at a significant growth rate during the forecast period. Rapid urbanization, construction of roadways, dams and commercial complexes etc. in China, India, Japan, and GCC is projected to surge the demand for hybrid excavators in Asia Pacific and Middle East & Africa.

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Key Players Operating in Hybrid Excavator Market

Prominent manufacturing companies are anticipated to face healthy competition during the forecast period. Brands such as Caterpillar, Komatsu Ltd., Hitachi Construction Machinery, and Kobelco Construction Machinery Co., Ltd. etc. focus on innovation of new technologies for excavators to strengthen their product portfolio and drive the sale of hybrid excavators in the global hybrid excavator market. Companies are opting for mergers & acquisitions and joint ventures with local heavy equipment manufacturers to expand their product portfolio and geographical presence in different parts of the globe.

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Opportunity Analysis in Commercial Printer Market

• Commercial printers are ideally used in small and medium size businesses to print papers. Compared to residential printers, commercial printers provide high capacity printouts. Commercial printers enable the printing of a wide range of materials including product manuals, direct mail, catalogs, books, and transactional applications.
• A typical commercial printer has different press and binding equipment to work on various types of jobs.  For large print-runs, offset printing which involves creation of print plates remains the dominant method. Therefore, in general, commercial printing has many advantages to create professional and outstanding final products catering to different end- use industries.

Key Drivers of the Global Commercial Printer Market

• Increasing number of small and medium size businesses in emerging economies is anticipated to create lucrative business opportunities for commercial printers in the next couple of years. Commercial printers have extensive application in various small and medium size businesses. Therefore, demand for commercial printers is anticipated to increase during the forecast period with the growing number of SMEs.
• Additionally, growth in the packing industry worldwide is anticipated to fuel the growth of the commercial printer market. Furthermore, the commercial printer market is majorly driven by increasing advertising needs of businesses, taken care of by advertising firms.
• Additionally, growth of e-commerce platforms have expanded the geographical presence of manufacturers worldwide. This is anticipated to augment the growth of the commercial printer market.

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Packaging opportunity for commercial printers to create new opportunity in the commercial printer market

• The ongoing digital transformation, namely electronic displacement, has created new challenges for commercial printers. Internet adoption, proliferation of connected devices, and the ability to track user behavior and data is a boon to digital communications and marketing. Commercial printer manufacturers are differentiating their products and services due to the advent of digital displacement. Most manufacturers in this industry have moved into sign and display graphics application produced on wide format equipment. 

Asia Pacific region offers growth avenues for the global commercial printer market

• Geographically, the global commercial printer market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• Countries in North America and Europe boast some of the key companies specialized in commercial printers. HP, Epson etc. are some of the well-known brands in the commercial printing industry.
• Asia Pacific region on the other hand is anticipated to create lucrative opportunities in the next couple of years. Increasing population of youngsters, rise of many emerging economies etc. is anticipated to create lucrative opportunities for the growth of the commercial printer market.
• Other regions such as South America and Middle East & Africa have strong potential growth in the commercial printer market.

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