Luminaire and Lighting Control Market Growth Opportunities With Global Key Companies

According to a new market report on luminaire and lighting control published by Transparency Market Research , the global luminaire and lighting control market is expected to reach US$ 111.0 Bn by 2026, expanding at a CAGR of 5.6% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region expanding at a CAGR of 6.0%  during the forecast period.

As energy costs continue to rise, demand for energy-efficient solutions is increasing rapidly, especially in the U.S. In line with the same, many utilities and city governments are deploying LED-based lighting control systems with advanced technology to enhance efficiency and reduce operation and maintenance costs. This has led to rise in adoption of LED- based lighting products and systems.

Luminaire and Lighting Control Market: Scope of the Report

The global luminaire and lighting control market is broadly segmented by product, light, technology, component, application, and region. In terms of product, the market is classified into luminaire and lighting control. The luminaire segment is expected to hold significant market share of 91.2% in 2018. Based on light, the market is categorized into LED, halogen, fluorescent, HID, and others.  The LED segment constituted a prominent market share in 2017 and is anticipated to dominate the market during the forecast period owing to increasing adoption of LEDs in multiple applications.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44583

In terms of technology, the market is segmented into wired and wireless. Based on component, the market is divided into hardware, software, and service. In terms of application, the market is segmented into indoor and outdoor. The commercial sub-segment of the indoor segment is anticipated to dominate the market owing to upgrade of existing products in commercial spaces with a focus on achieving energy efficiency goals and increase in productivity through lighting control. The roadway lighting sub-segment of the outdoor segment is anticipated to be dominant constituting market share of 35.4% in 2026.

Asia Pacific dominated the luminaire and lighting control market in 2017, with China accounting for a prominent share of 43.1%. The dominance of the market in the region is attributed to its large population base, rapid industrialization and urbanization, expansion in the lighting industry, and increased penetration of wireless devices. China is anticipated to lead the luminaire and lighting control market in Asia Pacific throughout the forecast period.

This is mainly because it is a major manufacturing hub of lighting products. Apart from China, countries such as India and Japan are also expected to contribute significantly to the market in Asia Pacific. The market in India is expected to expand at a CAGR of 6.9% during the forecast period. This is mainly due to smaller cities, towns, and villages with smart street projects and increased usage of LEDs. North America and Europe collectively held 51.8% share of the global market share in 2018.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/connected-living-room-market-to-reach-us984-51-bn-by-2024–owing-to-technological-advancements—tmr-300816943.html

Global Luminaire and Lighting Control Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global luminaire and lighting control market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players in the luminaire and lighting control market include  General Electric Co., Philips Lighting N.V., General Electric, Cree,Inc, Legrand S.A., OSRAM Licht AG, Eaton Corporation, Lutron Electronics Co., Inc, Acuity Brands, Inc., Hubbell Incorporated, and LSI Industries Inc.. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

Read More

Digital Substations Market to Witness Huge Growth by 2026

The global digital substations market was valued at US$ 6,134.8 Mn in 2017 and is projected to register compound annual growth rate (CAGR) of over 8.2% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Digital Substations Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that the better reliability and availability of digital substations as compared to conventional substations is likely to spur the demand for digital substations in the coming years (2018 to 2026).

As key players introduce new digital substations and solutions in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for dominating share of the global digital substations market. Growing demand for digital substations from the utilities sector in emerging markets such as China and India is likely to boost growth of the Asia Pacific digital substations market at a growth rate of around 9.5% from 2018 to 2026.

Although the conventional substations can bridge the demand for electricity, they are very costly and inefficient. Digital substations on the other hand are much more efficient. Considerable cost is saved on digital substations as there is less copper wiring used. Fiber optic is used in digital substations which work on 61850 protocol that enables communication to other assets as well. These digital substations have a higher penetration in developed economies as compared to developing economies.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19913

Digital substations are significantly more adopted in utilities sector around the globe

Based on module, the market is segmented into hardware, fiber optic communication network, and SCADA (Supervisory control and data acquisition). Hardware segment in 2026 is expected to hold about three fifths of the total market and expand at a rapid rate throughout the forecast period. Digital substations not only improve efficiency, but also reduce maintenance costs due to comparatively less copper wiring and connections than conventional substations. In terms of type, the market is segmented into transmission substations and distribution substations.

On the basis of voltage, the market is classified into Up to 220 kV, 220-550 kV, and Above 500 kV. Primarily driven by the demand from urban regions, the up to 220 kV segment held the major share of revenue in 2017. On the other hand, the 220-550 kV segment is anticipated to expand at a rapid pace owing to the increasing demand from manufacturing units around the world. Based on industry, the market is segmented into utilities, metal, mining, oil & gas, and transportation. In 2017, utilities held the major share of the total market due to their widespread use in utilities.

North America is the leading contributor to the digital substations market

In terms of value, North America was the leading contributor to the global digital substations market in 2017. The contribution is primarily due to the increased adoption of digital substations with the presence of well-established players across the region, especially across the U.S. and Canada. Asia Pacific which is home to many well-established players from the digital substations market is expected to emerge as the region showcasing the highest CAGR. Furthermore, Asia Pacific is witnessing high adoption of digital substations owing to the increasing demand for energy to support local manufacturing units.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/connected-living-room-market-to-reach-us984-51-bn-by-2024–owing-to-technological-advancements—tmr-300816943.html

Major players in the digital substations market include ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc, Emerson Electric Co., Honeywell International Inc., Cisco Systems, Inc., NR Electric Co., Ltd., EFACEC, and Schweitzer Engineering Laboratories, Inc.

Read More

Infrared Sensors Market by Manufacturers, Regions, Type and Application, Forecast To 2026

The global infrared sensors market was valued at US$ 396.98 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 9.11% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Infrared Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.”

This is mainly due to increase in the demand for infrared sensors in defense, IoT, and industrial applications across the globe, leading to the robust growth of the infrared sensors market. Moreover, rising demand for infrared sensors in consumer electronics and automation industry is also expected to have a significant impact on the global infrared sensors market. Initiatives taken by different governments to increase the adoption of smart homes are predicted to impact the infrared sensors market in the coming years.

The global infrared sensors market is segmented on the basis of detection, working mechanism, end use, and geography. By detection, infrared sensors can be divided into uncooled infrared sensors and cooled infrared sensors. As per working mechanism, the global infrared sensors market is divided into passive infrared sensors and active infrared sensors. Furthermore, as per end use industry, the market is divided into consumer electronics, aerospace & defense, oil and gas, automotive, mining, pharmaceuticals and others. Others includes food processing, chemicals, robotics, etc. Geographically, the infrared sensors market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

Request a PDF Sample of Infrared Sensors Market –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15056

Consumer Electronics Industry Anticipated to be a Significantly Lucrative Market during the Forecast Period

Growing demand for consumer electronics applications including smart televisions, smart phones, and tablets is projected to propel the revenue of the IR sensors market in the coming years. Furthermore, the rising popularity of wearable technology is expected to fuel the demand for infrared sensors in the consumer electronics segment. However, the oil and gas industry in the global infrared sensors market is projected to hold the highest market share for the year 2018 due to its prominent use in offshore applications.

Uncooled Infrared Sensors Expected to Hold a Prominent Share during the Forecast Period

The uncooled infrared sensors type is anticipated to hold the dominant share for the year 2018 Growth in this segment is driven by factors such as relatively smaller size, high reliability, and low cost price. Prominent adoption of infrared sensors in the consumer electronics industry in Asia Pacific is likely to boost the growth of uncooled infrared sensors due to its prominent use. Furthermore, significant adoption of uncooled infrared sensors in commercial and industrial applications is likely to impact the growth of the segment during the forecast period.

North America Holding a Prominent Market Share

By geography, the global infrared sensors market can be classified into five regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. Infrared sensors are used in a wide range of applications including night flying, night surveillance, night driving, wildlife search and observation, rescue missions, and sleep laboratory monitoring. Moreover, infrared sensors are used in thermal night vision goggles and motion sensors are used in home alarm systems. The increasing use of these sensors in commercial places including airports, retail shops, libraries, and museums to detect motion, count people, apart from use in security alarms, and night vision cameras have impacted the global market.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/connected-living-room-market-to-reach-us984-51-bn-by-2024–owing-to-technological-advancements—tmr-300816943.html

The key players operating in the global infrared sensors market are Murata Manufacturing Co., Ltd, Honeywell International Inc, Teledyne Technologies, Excelitas Technologies,Raytheon Company, Hamamatsu Photonics K.K., InfraTec GmbH, Flir Systems, inc., Omron Corporation, and Texas Instruments Incorporated among others.

Read More

Quantum Dot (QD) Display Market Research, Development and Outlook Report

The global quantum dot (QD) display market was valued at around US$ 1,176.2 Mn in 2017and is anticipated to register a stable CAGR of over 23% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Quantum Dot (QD) Display Market” – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Benefits provided by quantum dot, increasing adoption of cadmium free quantum dot displays, and growing popularity of consumer electronics devices have increased the penetration and growth of the quantum dot (QD) display market globally. The quantum dot (QD) display market in North America is expanding at a significant CAGR of above 24% on the backdrop of numerous technological innovations in electronics devices and increasing investments in the development of the medical sector.

The growing demand for enhanced display technologies and increasing awareness about energy efficient solutions has increased the adoption of quantum dot display products. There are numerous advantages of quantum dot displays such as energy efficiency, ultra-definition, low cost, and high brightness. Quantum dots can glow in any array of colors, determined by their sizes. Various companies are implementing quantum dot technology in order to achieve cheaper, faster, and stronger television displays.

In North America, a large number of consumer electronics providers are focusing on offering hybrid quantum dot displays in order to meet the increasing demands for flexible displays. In September 2017, Apple Inc. invented quantum dot hybrid pixels technology in order to offer power efficient displays that provide pure color. This technology is ideal for consumer devices that demand a flexible display. Key trends prevalent in the quantum dot (QD) display market are electroluminescent quantum materials-based displays, strategic partnerships, introduction of 4K Ultra HD LED TV’s and UHD TV’s, and growing investments in quantum dot technology.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=32942

Cadmium-free Segment to Dominate the Global Quantum Dot (QD) Display Market

The material segment is divided into cadmium-containing and cadmium-free. Cadmium-free segment is anticipated to dominate the market owing to various benefits provides by cadmium free quantum dot displays around the globe. Eco-friendly nature, pure color, and wavelength tenability are some of the key factors driving massive global investment in cadmium-free quantum dot displays. As cadmium is toxic in nature, several major OEMs have started launching products only using cadmium-free technology. Cadmium-free quantum dots offer vibrant color for liquid crystal displays (LCD). Hence, many electronic consumer devices manufacturers are offering cadmium free quantum dot displays in smartphones, tablets, TV’s, and laptop. These factors are expected to boost the growth of the quantum dot (QD) display market. Cadmium-free segment is anticipated to expand at the highest CAGR of over 24% during the forecast period of 2018 to 2026.

Implementation of Quantum Dot Displays in Medical Devices to Boost Growth of the Hardware Segment

The devices segment is fragmented into consumer electronics, medical devices, and others. Consumer electronics segment is expected to continue to be the leading segment globally during the forecast period due to rising implementation of quantum dot displays in various electronic devices such as televisions, laptops, tablets, smart phones, and monitors to deliver better picture quality. Also, demand for quantum dot displays is increasing in various medical applications. Quantum dot displays can also be used in the biomedicine sector to colorfully illuminate tumors in order to improve the safety and efficacy of cancer surgery.

Growing Adoption of Quantum Dot (QD) Display due to Various Technological Advancements such as Low Energy Consumption and Vibrant Displays in China, India, South Africa, Brazil, and Taiwan to Create More Opportunities in the Market

Geographically, the global quantum dot (QD) display market is divided into five major geographical regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, North America was the topmost revenue generating region followed by Asia Pacific. Developed regions such as North America and Western Europe are expected to witness increasing implementation of quantum dot displays.

With the rise in the usage of quantum dot (QD) display in North America, large number of utilities are increasingly investing in quantum dot displays in order to improve overall picture quality and operational efficiency. The U.S. held highest market share in 2017 in North America and is estimated to expand at considerable CAGR during the forecast period. Utilities in the U.S. are mainly focusing on development of emerging emissive display technologies. In December 2017, Nanosys Inc. in partnership with DIC launched inkjet-printed quantum dot color conversion devices for LCD and emissive displays in order to improve the LCD technology, as well as accelerate the development of emerging emissive display technologies such as microLEDs.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increase-in-aging-vehicles-on-the-road-to-propel-growth-in-roadside-assistance-market-from-2019-to-2027-transparency-market-research-301078527.html

Europe is anticipated to grow at a significant CAGR during the forecast period as most of the quantum dot display providers are offering electroluminescent quantum material based displays to improve the image quality.The quantum dot (QD) display market in Asia Pacific is further expected to grow at the highest CAGR of 24.5% over the forecast period. Factors such as growing technological innovations and increasing adoption of cadmium-free quantum dot displays and growing popularity of high brightness displaysare expected to drive the Asia Pacific quantum dot (QD) display market. Middle East & Africa and South America are expected to expandat a substantial pace dueto the growing investments in the development of consumer electronics device in the regions.

Key Players Such as Sony Corporation, LG Display Co. Ltd.,and Samsung Electronics Co. Ltdare Likely to Continue to Lead the Global Quantum Dot (QD) Display Market.

Read More

Wire and Cable Market Research Report Forecast up to 2026

According to a new market report published by Transparency Market Research, the global wire and cable market is expected to reach US$ 235.9 Bn by 2026, expanding at a CAGR of 4.1% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific is likely to continue to be at the forefront of global demand, with the market in the region expanding at the CAGR of 4.8% through 2026.

The demand for wire and cables is directly reliant on the expansion of the industrial sector and infrastructure development in the power generation and transmission, telecommunication, and residential and commercial sectors. Rapid urbanization and rising global population have increased the demand in these areas, thereby offering multiple opportunities to the global wire and cable market.

Wire and Cable Market: Scope of the Report

The global wire and cable market can be broadly segmented by based on type, material, and application. In terms of type, the low voltage wire and cable segment is consistently expected to constitute a dominant market share between 2018 and 2026. Increasing urbanization, which is resulting in the expansion of power transmission & distribution networks and rise in residential & commercial buildings, is a major factor attributed to the segment’s high share. Moreover, rising demand for low-voltage wires in electrical installations of automobiles is another factor accounting for its dominance throughout the forecast period.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=41594

However, out of all types, the optical fiber cable segment is expected to expand at a significant CAGR of 6.1% owing to its increasing applications for telecommunication systems, television transmission, and data networks. byBased on material, the copper segment held a prominent share of the market in 2017 and is further expected to lead the wire and cable market during the forecast period. Superior electrical conductivity together with high ductile and tensile strength makes copper a versatile material for wires and cables. Apart from high performance and durability, copper has ability to undergo stress with minimum signs of wear and tear and also requires less maintenance.

Therefore, in spite of the metal’s high cost, the copper segment is expected to constitute 64.3% share of the overall wire and cable market in 2026. byIn terms of application, the residential & commercial buildings and power transmission & distribution segments cumulatively accounted for 64.3% market share in 2017. Rapid urbanization, especially in the developing countries of Asia Pacific and Middle East, is boosting demand for wires and cables in the residential & commercial buildings and power distribution sectors. Furthermore, increasing government initiatives across the world for the renewal of existing transmission and distribution networks is further driving the power transmission & distribution segment.

Asia Pacific dominated the wire and cable market in 2017, with China constituting a majority share of its revenue. The dominance of the region in the market is attributed to its large population base, increasing industrialization and urbanization, development in transmission and distribution networks, increased renewable energy production, large automobile production, and supportive governmental initiatives for expansion or upgrade of existing infrastructure. In terms of country, China is expected to lead the wire and cable market in the region consistently throughout the forecast period.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increase-in-aging-vehicles-on-the-road-to-propel-growth-in-roadside-assistance-market-from-2019-to-2027-transparency-market-research-301078527.html

The country has a significant number of wire and cable manufacturers, and its production is more than double that of the next largest wire and cable producing country. Apart from China, countries including India, South Korea, and Japan are also expected to contribute significantly to the wire and cable market in Asia Pacific. The market in India is expected to expand at a rapid CAGR of 5.1% during the forecast period. North America and Europe collectively accounted for 34.2% market share in 2017. Their market share is expected to fall slightly in 2026 owing to the mature wire and cable market in the countries.

Global Wire and Cable Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global wire and cable market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players in the wire and cable market are Prysmian Group, Hengtong Optic-Electric Co Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., General Cable Corporation, Jiagnan Group, TPC Wire & Cable Corp, LS Cable & System Ltd, Polycab Wires Private Limited, Southwire Company, LLC, Hitachi Metals Ltd, Nexans S.A., Leoni AG, and Far East Cable Co., Ltd among others. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

Read More

Level Sensor Market Report Explored in Latest Research by 2026

According to a new research report by Transparency Market Research (TMR), the business landscape in the global level sensors market is highly fragmented. The leading players in this market are First Sensor AG, ABB Ltd., SICK AG, TE Connectivity Ltd., Siemens AG, Emerson Electric Co., and Texas Instruments Inc. These players are constantly trying to match up with the demands of consumers by integrating novel technologies in their products. They are also focusing on strategic partnerships in an effort to remain relevant in this competitive environment, reports the market study.

As per the research report, the worldwide market for level sensors, which stood at US$3.25 bn in 2017, is anticipated to proliferate at a CAGR of 5.60% during the period from 2018 to 2026 and offer an opportunity worth US$5.29 bn by the end of the period of the forecast. Among sensors, the demand for ultrasonic level sensors is expected to rise at a higher pace compared to others as they require nominal maintenance. The ultrasonic level sensor segment is anticipated to expand at a CAGR of 5.20% between 2018 and 2026, notes the research study.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31358

“The global market for level sensors is gaining considerably from the rise in the demand for intelligent devices, which are equipped with microprocessors,” says a TMR researcher. The increasing usage of smart sensors that are proficient enough for a self-diagnosis and establishment of a two-way communication is expected to boost the demand for level sensors across the world in the near future. In addition to this, the increasing application of level sensors in a number of industries, such as food and beverages, consumer goods, oil and gas, and industrial manufacturing, is likely to support the growth of the worldwide market for level sensors over the forthcoming years. However, the high cost of integrating thin-film technology may hamper the market’s growth in the years to come, states the research report.

Asia Pacific to Acquire Dominance

On the basis of the geography, Asia Pacific has been dominating the global market for level sensors, thanks to the increasing demand from developing economies. The significant rise in manufacturing activities and the augmenting pace of industrialization in emergent countries is anticipated to support the market for level sensors in Asia Pacific in the years to come. The significant increase in foreign direct investment in various market verticals is also projected to fuel the usage for level sensors in a number of production processes in Asia Pacific over the next few years, states the market report.

From the perspective of the industry vertical, the global level sensor market is segregated into food and beverage processing, pharmaceutical, chemical, and wastewater treatment, and others. Of these, the wastewater treatment segment gained maximum shares in the market in 2017, and is expected to maintain its leading position in the upcoming future. Some of the major factors responsible for making this segment to grow are: rising public awareness about water conservation and stringent government regulations for implementing treatment processes.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/connected-living-room-market-to-reach-us984-51-bn-by-2024–owing-to-technological-advancements—tmr-300816943.html

The review is based on a report by Transparency Market Research (TMR), titled “Level Sensor Market (Sensor Type – Capacitance, Conductive, Float Level, Microwave/Radar, Optical, Pneumatic, Ultrasonic, and Vibrating Point; Technology – Contact Type and Non-Contact Type; Application – Point Level, Continuous Level and Interface Level; Industry Vertical – Chemical, Food and Beverage Processing, Oil & Gas, Pharmaceutical, and Waste & Wastewater Treatment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.”

Read More

Commercial Robotics Market Opportunities, Key Manufacturer and Outlook Report

The global commercial robotics market has witnessed steady growth in the last few years due to rapid growth of vital end users such as the healthcare industry. Commercial robotics has become a crucial requirement in several parts of the healthcare sector, which is likely to enable a steady growth in demand from the global commercial robotics market in the coming years. Other sectors such as the defense and marine industries are also likely to exhibit growing demand from the global commercial robotics market in the coming years, brightening the market’s prospects. The commercial robotics market is thus likely to exhibit a smooth growth trajectory in the coming years, according to Transparency Market Research.

The firm puts the commercial robotics market’s 2017 valuation at US$5.9 bn, estimating the market to rise to a valuation of US$17.6 bn by 2022 at a strong 24.4% CAGR.

Steady growth of the healthcare industry has been vital for the global commercial robotics market in the last few years. The medical robotics sector has developed at a rapid rate in the recent past due to growing acknowledgment of its benefits in the healthcare sector, which has led to growing investment from leading medical industry players. The healthcare industry is particularly strongly leaned towards technological innovation in developed regions such as North America and Western Europe. However, the global medical robotics market could shift its center from the West to emerging regions such as Southeast Asia and the Middle East in the coming years due to growing government support to the healthcare sector in countries such as China and India.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31412

The North America market is set to dominate the global commercial robotics market in the coming years due to the widespread acceptance of the infrastructure required for adoption of commercial robotic systems. The steady technological advancement of the healthcare sector in North America is thus a major driver for the global commercial robotics market.

Europe is also a major contributor to the global commercial robotics market due to the strong presence of the industrial sector as well as a burgeoning healthcare industry. The commercial robotics market in North America is expected to be valued at US$7.6 bn in 2022, representing more than 43% of the global commercial robotics market. The defense and security sector could also account for a significant portion of the demand from North America and Europe, as numerous developed countries in these regions have focused on military modernization in the recent past.

The increasing government interest in the healthcare sector in countries such as China, India, Thailand, Indonesia, Singapore, and Malaysia is likely to drive the commercial robotics market in Asia Pacific except Japan in the coming years, with the regional market set to account for 18.4% of the global commercial robotics market by 2022. The region is expected to make a 271 BPS rise over the 2017-2022 forecast period.

The Middle East and Japan are also likely to contribute significantly to the global commercial robotics market in the coming years, with the MEA market for commercial robotics expected to rise to US$471 mn by 2022 at a strong CAGR of 22.7%. The strong presence of Japanese companies in the robotics sector is likely to enable smooth growth of the commercial robotics market in Japan in the coming years, with the Japan commercial robotics market set to rise to a valuation of US$899.8 mn by 2022.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increase-in-aging-vehicles-on-the-road-to-propel-growth-in-roadside-assistance-market-from-2019-to-2027-transparency-market-research-301078527.html

Competitive Dynamics

Leading players in the global commercial robotics market include Northrop Grumman Corporation, KUKA AG, iRobot Corporation, Yaskawa Electric Corporation, Honda Motor Company Ltd., Omron Adept Technologies Inc., 3D Robotics Inc., Accuray Inc., Alphabet Inc., and Amazon Robotics LLC. Consistent product development is likely to be the key in the global commercial robotics market, while larger players could also consider acquisitions of smaller specialist player to enhance their offering.

Read More