3D Touch Probe Market Growth, Trends And Forecast 2027

 

• 3D touch probes record non-planar surfaces electronically in order to precisely sense three-dimensional bodies and reproduce the object. 3D touch probes are employed to scan an object in three dimensions: height, length, and breadth.
• Additionally, 3D touch probes are used in CNC machining applications such as cutting, punching, and forming to measure and verify the process of the work piece accurately
• 3D touch probes are used in various applications owing to their compact size, high accuracy, and ability to measure complex 3D-part geometries on all sizes of machining centers
• 3D touch probes are employed in several end-use industries including automotive, aerospace & defense, electronics, medical devices, and oil & gas

Rise in Demand for 3D Touch Probes for Use in Automotive Industry

• 3D touch probes are largely used for manufacture of automotive components and engine designs, which is considered a major factor driving the global 3D touch probe market
• Optical transmission touch probes are largely used in the manufacture of automotive components, as they perform operations efficiently, which is helpful to reduce the production time and the percentage of component rejection by maintaining accuracy. Moreover, rise in the demand for electric vehicles (EVs) and autonomous vehicles across the globe is anticipated to boost the demand for new automotive components and improved engine designs in the near future.

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• Furthermore, several manufacturers are engaged in producing 3D touch probes that are more resistant to radio wave interference compared to the conventional infrared-ray communication and are not affected by obstacles and coolants. As a result of this, the demand for 3D touch probes for use in automotive applications is increasing, which is expected to drive the global 3D touch probe market during the forecast period

Europe to Lead Global 3D Touch Probe Market

• In terms of region, the global 3D touch probe market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Europe is anticipated to dominate the global 3D touch probe market throughout the forecast period, as a large number of manufacturers of 3D touch probes operate in the region
• The 3D touch probe market in North America and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.

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Key Players Operating in Global 3D Touch Probe Market

The global 3D touch probe market was highly fragmented in 2018. Major players operating in the global market are focusing on technological advancements and expansions to meet the risen demand for 3D touch probes. Moreover, manufacturers are entering into partnerships for the development of innovative products.

Key players operating in the global 3D touch probe market are:

• Blum-Novotest GmbH
• Carbide 3D
• DR. Johannes Heidenhain
• Hexagon AB
• Marposs S.p.A.
• METROL Co., Ltd.
• P-Tech Industries Pvt. Ltd.

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Specialty Resistors Market Analysis With Key Players, Applications, Trends And Forecasts 2027

 

• Resistors are passive components commonly used in an electric circuit, along with capacitors and inductors. They are mostly used to maintain and create a safe flow of current within the circuit.
• Specialty resistors are those with resistance values ranging from several mili ohms to mega ohms and operating at extreme temperatures of around −65°C to 170°C, with the tolerance of ±0.5% to ±5%. Also, these resistors can change their resistance according to heat and light.

Benefits Offered by Specialty Resistors to Drive Global Specialty Resistors Market

• High voltage, high reliability, and high pulse load lead to better performance of specialty resistors. These resistors are optimized for current sensing, anti-surging, safety, precision, non-magnetic, and anti-sulfurate purposes.
• With the increase in power densities, the demand for resistors that can withstand large amounts of power in the lowest possible form factor increases. This promotes growth of the global specialty resistors market.

Dynamic Applications in End-use Industries to Drive Global Specialty Resistors Market

• Specialty resistors are used in several applications in industries such as electronics, automotive, telecommunications, and aerospace & defense.

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• Specialty resistors are employed in a majority of electronic circuits. Also, they offer a wide range of temperatures suitable for applications in aerospace & defense and automotive industries.
• Also, specialty resistors are applied in modems, routers, and other communication devices

North America to Lead Global Market

• In terms of region, the global specialty resistors market can be segmented into: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Asia Pacific is anticipated to hold a leading share of the global specialty resistors market during the forecast period, followed by North America. This is attributable to presence of a large number of semiconductor companies in the region.
• The specialty resistors market in North America and Europe is expected to expand at a significant CAGR during the forecast period, due to immense growth of the electronics industry in these regions. Middle East & Africa and South America offer high growth potential to the specialty resistors market.

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Key Players in Global Market

Prominent players operating in the global market are focusing on technological advancements and expansions to meet the rising demand for specialty resistors worldwide.

Key players operating in the global specialty resistors market are:

• CTS Corporation
• Bourns, Inc.
• Littlefuse Inc.
• Vishay Intertechnology
• Prosperity Dielectrics Co. Ltd
• ASJ Pte Ltd

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UV Radiometers Market Demand, Outlook And Forecast 2027

 

• Ultraviolet (UV) radiation is a part of the sun’s light spectrum, which reaches the earth and which is invisible to naked eyes
• A UV radiometer is an electronic device that is lightweight, portable, and equipped with an LCD panel to display readings. UV radiometers are used in research and development, industrial, medical, and workplace safety applications
• With continual R&D in UV radiometers, the new devices offer quick response time (which is less than 0.2 seconds), easy to access data, and precise temperature correction
• Based on UV spectrum, UV radiometers are classified into UVA, UVB, UVC, and UVE
• UV radiometers are used in several applications including UV intensity measurement, UV light transmittance measurement, UV intensity meters, and UV LEDs.

Rise in Demand for Portable UV Radiometers for Use in UV Measurement

• UV radiometers are largely used in UV measurement to measure the intensity of radiant energy. The instrument is useful to detect harmful UV radiations at a working place.
• In industrial processes such as curing or welding, UV light sources generate harmful UV radiations. In case of improper shielding, a few of these devices may emit UV radiations for a few seconds, which can damage human eyes. In order to protect the worker from these harmful UV radiations, UV radiometers are increasingly used in industrial processes.

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• Moreover, advanced UV radiometers consist of calibrated UV sensors, an android smartphone, and a battery charger
• In UV radiometers, a sensor is connected to a USB terminal of a smartphone and an app starts functioning automatically. The sensor detects presence of UV radiations and displays the exposition time.
• As a result of these advantages, the demand for UV radiometers for use in UV measurement is increasing. This is expected to drive the global UV radiometers market at a rapid pace during the forecast period.

North America to Lead Global UV Radiometers Market

• In terms of region, the global UV radiometers market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• North America is anticipated to dominate the global UV radiometers market throughout the forecast period, as several manufacturers of UV radiometers operate in the region and they are continually investing in the field of electronic components
• The UV radiometers market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate rate during the forecast period.

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Key Players Operating in Global UV Radiometers Market

The global UV radiometers market was highly fragmented in 2018. Major players operating in the global market are focusing on technological advancements and expansions to meet the risen demand for UV radiometers. Moreover, manufacturers are entering into partnerships for the development of innovative products.

Key players operating in the global UV radiometers market are:

• Boston Electronics Corporation
• Dymax Corporation
• EIT LLC
• Genicom
• Henkel Corporation
• INTERNATIONAL LIGHT TECHNOLOGIES INC.
• Kipp & Zonen B.V.

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Flashlight LED Market Analysis And Demand With Forecast Overview 2030

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.

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.

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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.

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.

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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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ID Card Printer and Media Market Growth Rate, Demands, Status And Application Forecast 2030

Transparency Market Research delivers key insights on the global ID card printer and media market. In terms of revenue, the global ID card printer and media market is estimated to expand at a CAGR of 4.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global ID card printer and media market.

The global ID card printer and media market is broadly affected by several factors that include increasing working population and technological advancements in card printers and ink. Thus, the expanding technology of ID card printers and media in different sectors is propelling the global ID card printer and media market.

ID Card Printer and Media Market: Key Segments

The global market for ID card printer and media has been segmented into printer type, ribbon (media) type, encoding type, technology, end user, and region. In terms of printer type, the ID card printer and media market has been divided into single sided and dual sided, wherein, single sided is the most popular choice for various end users across the globe.

Moreover, major OEMs are focusing on continuously innovating single sided type of ID card printers, as the printer has the capacity to upgrade into double side at minimal cost. Based on ribbon (media) type, the ID card printer and media market has been divided into standard ribbons (YMCKO/YMCKT and YMCKOK), monochrome (Bo/Ko and colored monochrome), specialty ribbons, and others (reverse transfer films, laminates, etc.). YMCKO/YMCKT card printing ribbons have become more cost-efficient and reliable, owing to constant improvements in printing technology. Moreover, with increase in the number of visitors, the usage of card printers has also significantly increased, resulting in considerable rise in demand for consumables used to print the cards, including card printing ribbons.

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In terms of encoding type, the global market for ID card printer and media has been classified into magnetic stripe, contact smart ID, no encoding, and contactless smart ID. No encoding ID cards are the simplest form of ID cards and these cards are extensively used across the educational sector. Institutions issue ID cards to students to monitor individual performance. The rising school-going population across developing countries is creating demand for ID cards, thus offering market opportunities for ID card manufacturers to enhance their revenues.

Based on technology, the global ID card printer and media market has been categorized into direct to card (DTC) and retransfer/reverse transfer. Additionally, government agencies, businesses and corporations, healthcare facilities, loyalty and membership programs, and universities & colleges are all increasing their use of multi-function smart cards. Encoding options also allow configuration of printers to generate highly secure contactless and contact smart cards with the help of reverse transfer printer that address specific needs. Reverse transfer printers are likely to be the preferred choice of end users in the upcoming years, as they demand more functionality from their ID cards.

ID Card Printer and Media Market: Prominent Regions

The global market for ID card printer and media has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America). Asia Pacific accounted for a major share of the ID card printer and media market in 2019 and over the next few years, Asia will continue to remain a key demand cluster, especially South Asia and ASEAN, with minor downsized growth anticipated from Far East Asian countries. New subscribers of payment cards, led by increased per capita income and growth in middle class population has also contributed to the demand for cards viz. a. viz. card printing ribbons.

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North America and Europe are the other dominant ID card printer and media markets after Asia Pacific. The U.S. and Germany are more oriented toward technologies; hence, the demand for ID card printer and media is high in these countries.

ID Card Printer and Media Market: Key Players

Key players operating in the global ID card printer and media market are HID Global Corporation, Zebra Technologies Corporation, Evolis SA, Magicard Ltd, IdentiSys Inc., ScreenCheck BV, Card Technology Services, HP Inc., Entrust Corporation (Datacard Group), and Kanematsu USA Inc. (Nisca & Swiftcolour).

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Automotive Multi-domain HVAC System Market Drivers, Top Trends, Global Analysis And Forecast to 2027

 

• Adoption of sensors, such as proximity sensors, photon sensors, and temperature sensors, has increased in a vehicle. This is attributed to a rise in automation of vehicles for enhanced performance and efficiency and comfort and convenience of passengers, which has led to continuous improvement of HVAC systems in vehicles. This, in turn, is expected to fuel the automotive multi-domain HVAC systems market.
• HVAC represents heating, ventilation, and air conditioning in vehicles. HVAC system regulates temperature, ventilation, and dehumidification in the vehicle in order to enhance driving comfort. The automotive multi-domain HVAC system regulates temperature and humidity of the vehicle cabin automatically with the help of sensors and is a luxury feature added to vehicles in order to attract consumers.

Key drivers of global automotive multi-domain HVAC system market

• Increasing demand for sun-sensitive HVAC system, which ensures comfortable cabin environment for all occupants, is propelling the automotive multi-domain HVAC system market. For instance, implementation of photon sensors, which are able to sense solar radiations, coupled with temperature sensors in an intelligent HVAC system enable a vehicle to sense the position of the sun and the temperature of the surrounding, respectively. This enables the HVAC system to automatically regulate the cabin temperature in the vehicle, thereby increasing the efficiency of HVAC system to regulate vehicle cabin temperature.

• Rise in demand for increased performance of vehicle systems, such as HVAC, and technological advances are driving the multi-domain HVAC system market. Furthermore, increased demand for multi-function electronic components is paving the road for innovation in the semiconductor industry, which in turn is boosting the automotive multi-domain HVAC system. For instance, STMicroelectronics has developed a wide range of thermal sensors for several applications including sensors for monitoring rise in temperature in engine and the vehicle cabin. The applications mentioned above have increased the complexity of technology incorporated in the vehicle; however, it is projected to drive the multi-domain HVAC system market.

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• Rise in trend toward advanced automatic control systems and willingness of consumers to pay more for comfort and luxury have led to an increase in the demand for vehicles incorporated with HVAC systems. Moreover, stringent government regulations pertaining to vehicle emissions and fuel economy call for more advanced and efficient vehicles. HVAC system in a vehicle derives power from the vehicle engine. Therefore, the need for fuel efficient multi-domain HVAC system is rising. For instance, Corporate Average Fuel Economy regulations enacted by National Highway Traffic Safety Administration in U.S. mandate all automakers to increase fuel economy of their passenger cars and light trucks.
• Sales of vehicles have declined globally; however, rise in penetration of SUVs and electric vehicles indicate optimistic growth of the overall automotive market. Rise in demand for sport utility vehicles, which offer more cabin space and advanced HVAC system, is fueling the multi-domain HVAC market. For instance, in 2018, in terms of volume, SUV sales stood at 29.77 million units, which indicated a 6.8% increase, as compared to 27.88 million SUV units sold in 2017. Furthermore, countries including Russia, U.S., Canada, and China were major contributors to total global SUV sales in 2018.

Asia Pacific to be highly lucrative market for automotive multi-domain HVAC systems

• Asia Pacific is witnessing rapid technological advancements. For instance, China is a key country in terms of research and development of electric vehicles. Furthermore, China is witnessing rapid adoption of electric vehicles for both public and personal transport. Strategic partnership between OEMs to increase the production capacity of vehicles in counties, such India, is expected to boost vehicle production. For instance, in May 2018, Toyota Motors and Suzuki Motor Corporation signed a contract to share and expand the manufacturing facility owned by Toyota, at Bengaluru, India, to increase vehicle production. The factors mentioned above offer lucrative opportunities to manufacturers of multi-domain HVAC system in Asia Pacific.

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Key players operating in global automotive multi-domain HVAC system market

The global automotive multi-domain HVAC system market is highly concentrated owing to the presence of several top manufacturers. A few key players operating in the market are:

• NXP Semiconductors
• Robert Bosch GmbH
• Delta-T Devices Ltd
• Delphi Automotive LLP
• Eigenbrodt GmbH & Co. KG
• Thermo Sensors Corporation

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Automotive Transmission Market By Growth, Demand & Opportunities & Forecast 2025

The global automotive transmission market is largely consolidated in terms of its vendor landscape, partly owing to the presence of very few manufacturers that solely operate in the field and the preference of several leading auto-makers to in-house manufacturing of transmission systems in collaboration with some tier-I companies, observes Transparency Market Research in a recent report. This has led to a scenario wherein other transmission system manufacturers are left with very little scope of expansion. For sustainable returns, companies could benefit from strategic alliances with leading auto-makers. Some of the leading players in the market are Eaton Corporation, Continental AG, Allison Transmission, ZF Friedrichshafen AG, Borg Warner, Magana International Inc., JATCO, and Aisin Seiki.

According to the report, the global automotive transmission market was valued at US$30.02 bn in 2016 and is projected to rise to US$53.20 bn by 2025, registering a CAGR of 6.6% from 2017 to 2025.

Manual Transmission Continues to Remain Most Preferred Owing to Low Cost

In terms of the type of transmission chiefly used in automobiles, namely manual and automatic, the segment of manual transmission is presently the clear leader. Low cost of vehicles with manual transmission, well-established market for manual transmission vehicles, and lack of awareness among consumers regarding the vast benefits of automatic transmission have worked in favor of the manual transmission segment so far.

Geographically, the rising uptake of passenger vehicles across emerging economies such as India and China, the market for automotive transmission in Asia Pacific is likely to emerge as the most lucrative one. The market in North America is also expected to exhibit a promising pace of expansion owing to the demand for vehicles with advanced transmission systems.

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Rising Focus on Achieving Improved Fuel Economy Drives Major Developments in Market

While the continuous rise in demand for passenger vehicles across emerging economies forms the central factor driving the steady expansion of the market, a number of factors are also leading to vast changes in the way the market is developing. Factors such as changing preferences of consumers in terms of vehicle performance, the need for improved fuel economy of vehicles, and higher power requirements are pushing automotive companies and transmission system manufacturers to invest more in research and development activities. Moreover, automobile manufacturers are also continuously undertaking research efforts to improve vehicle performance so as to reduce transmission power response time and meet carbon emission norms.

The scenario has resulted in the development of technologically advanced products such as continuous variable transmission (CVTs), 9-speed automatic transmission, and dual shafts gearboxes (DSG). The increased demand for automatic transmission in entry-level vehicles, especially across emerging economies such as India, Brazil, and Mexico owing to the added convenience and comfort offered by automatic transmission, is also working in favor of the market.

Lack of Awareness Regarding Benefits of Automatic Transmission Continues Limit Growth

The market struggles to exploit its full potential across regional markets that feature consumer that lack the awareness regarding the vast benefits of advanced transmission systems and are highly sensitive regarding the cost of advanced vehicles. Several economies with a thriving automotive industry due to the rising disposable incomes and increased uptake of passenger vehicles, such as India, China, Mexico, and Brazil, still showcase the dominance of vehicles boasting manual transmission. While lack of awareness is largely attributable for this scenario, the high cost of vehicles with advanced transmission systems also plays a notable role.

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This review of the global automotive transmission market is based on a recent market research report by Transparency Market Research, titled “Automotive Transmission Market (Transmission Type – Manual Transmission, Automatic Transmission (Continuous Variable Transmission (CVT), Dual Clutch Transmission (DCT), and Automated Manual Transmission (AMT)); Vehicle Type – Passenger Vehicle, Commercial Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, and Buses and Coaches), and Electric Vehicle) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025.”

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