Tactile Sensor Market Revenue, Regional Impact, Assessment, Estimates and Forecasts 2030

 

• A tactile sensor is a device that measures information arising from physical and mechanical interaction with its environment.
• These sensors are sensitive to touch, pressure, force, light, and voice.
• Various types of tactile sensors include resistive tactile sensors, capacitive tactile sensors, piezoelectric tactile sensors, piezoresistive tactile sensors, inductive tactile sensors, and optoelectric tactile sensors.
• Tactile sensors are used in automotive, oil & gas, machines and robots in healthcare, consumer electronics, telecommunication, aerospace, and other industries.

Rise in Demand for Consumer Electronics

• Tactile sensors are largely used in consumer electronics applications, due to rising integration of touch panels across various electronics applications such as smartphones, laptops, tablets, ATM machines, office equipment, automatic electronic devices, automated doors, electronic security systems, elevators, lamps, smart TVs, etc., which are anticipated to drive the rapid growth of tactile sensors.
• Technology advancement and latest trends in smart electronics devices including touch sensitivity, voice sensitivity, light sensitivity, and pressure sensitivity is also responsible for the growth of the market.
• Some unbeatable properties of tactile sensors, for instance, high accuracy, superior sensitivity, higher measurement accuracy, greater durability, and easy operability also accelerates market growth.

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• Capacitive tactile sensors account for dominant share in the global tactile sensors market, due to growing use of capacitive sensors in robotics, healthcare, and in the automotive sector. Growing technological developments and advancement in sensor features also provide a competitive edge to key market players operating in the market.

Asia Pacific to Lead the Tactile Sensor Market

• In terms of region, the global tactile sensor market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Asia Pacific is anticipated to dominate the global tactile sensor market throughout the forecast period, as a large number of manufacturers of tactile sensors operate in the region.
• Asia Pacific is anticipated to remain the largest consumer of tactile sensors owing to a growing industrial base in developing nations such as China and India in the region and rising proliferation of the consumer electronics industry. Additionally, many well-established players based in Asia Pacific are focusing on development of new technology in tactile sensors which is expected to boost the tactile sensors market in the region during the forecast period.
• The tactile sensor market in North America and Europe 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 the Global Tactile sensor Market

The global tactile sensor market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansions to meet the rising demand for tactile sensors. Moreover, manufacturers are signing partnerships for the development of innovative products.

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Cast-resin Transformer Market Business Strategies And Insight Driven Transformation 2021-2030

 

• Cast-resin transformers are power transformers that have windings encased in epoxy resin that makes the installation process easier, as they do not require cooling oil and they are dry.
• Cast-resin transformers are also known as dry-type transformers.
• These transformers are used in numerous applications and they can be installed both indoors & outdoors. They are designed in such a way that they can be used in outdoor applications, where weatherproofing is required, and mounted on a skid frame.
• Use of cast-resin transformers can be attributed to their various benefits such as the minimal risk of fire, no requirement for cooling liquids, easier maintenance, low operating costs, and a layer of epoxy that protects it from dust and corrosion.
• Cast-resin transformers are segmented by type (naturally-cooled, forced-air-cooled), phase (single-phase, three-phase), voltage (low voltage, medium voltage), application (hospitals, roadways, mines, nuclear plants, oil and gas plants, others), and region.

Rise in Demand for Use in Industrial Applications

• The industrial application segment is expected to be the fastest growing segment of the cast-resin transformer market during the forecast period due to the increasing demand for these transformers for electricity and machinery purposes from various end-use industries such as mining, oil & gas, nuclear power plants, hospitals, marine, and others.

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• Some of the properties of cast-resin transformers such as the minimal risk of fire, no requirement for cooling liquids, easier maintenance, low operating costs, and a layer of epoxy that protects it from dust and corrosion also propels its use in various end-use industries, especially where fire safety is important, such as oil & gas, mining, nuclear power plants, and the marine industry.
• The three-phase cast-resin transformer segment holds the second largest share of the cast-resin transformer market due to the extensive use of three-phase cast-resin transformers in various electricity applications.
• Factors driving the growth of the cast-resin transformer market include increasing safety awareness, low installation and overall cost of the product, and advantages of cast-resin transformers over old-style oil-filled transformers. Low losses in the magnetic core and windings reduces operational cost. Materials used for the production of cast-resin transformers are hardly inflammable. Moreover, no cooling liquids are required. Cast-resin transformers are increasingly used where safety is crucial, such as hospitals, public premises, airports, subway lines, mines, oil rigs, nuclear power plants, and ships.

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Asia Pacific to Lead the Cast-resin Transformer Market

• In terms of region, the global cast-resin transformer market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Asia Pacific is anticipated to dominate the global cast-resin market throughout the forecast period, due to the high industrialization rate in the region and new electrification projects in industrial, commercial, and infrastructure sectors in the region.
• Moreover, various manufacturers in China, India, Japan, Taiwan, and other countries of Asia Pacific are exporting the end product to various other countries worldwide.
• North America is expected to hold the second largest share of the cast-resin transformer market during the forecast period since growth potential of renewable energy in the US is high and because of growing electricity demand in the US and Canada.

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• The cast-resin transformer market in Europe and South America is expected to expand at a substantial rate during the forecast period. On the other hand, Middle East & Africa is estimated to witness slow growth rate in the market during the forecast period.

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Soil Monitoring Devices Market Detailed Analysis And Growth Strategies

 

• In the past few decades, soil monitoring has become important as environment factors such as climate change, dwindling water reservoirs, and threatened habitats are driving the need to monitor the environment. Monitoring of soil moisture conditions offers important information in understanding the local as well as regional water resources.
• In addition, soil monitoring is critical to dust control, biofuel production, phytoremediation, reservoir recharge from snowpack, watershed hydrology studies, satellite ground truthing, and soil carbon sequestration studies.
• Soil monitoring devices can perform functions such as soil sensing, and read or store data and transmit it to computers. The transmitted data helps to analyze the soil data and make decisions. Benefits associated with soil monitoring includes increased ability to manage growth rates, quality, and efficiency, and reduced disease occurrence.

Increasing need to improve farm productivity to feed the growing population

• Soil monitoring devices are widely accepted among farmers in irrigation as it can help to achieve maximum yield and good quality. Soil monitoring is becoming significantly important as the global population is increasing. Farmers are under extreme pressure to boost agricultural output to tackle the threat of food security likely to be faced by future generations.
• Water management techniques such as the use of soil moisture sensors for water level monitoring enables farmers to be more profitable. This enables the conservation of water and energy as well as costs.

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• However, variability in soil does not allow the measurement of every parameter to represent large areas such as farms or grounds. This factor may hamper the growth of the soil monitoring devices market.

Increasing investment in research and development by governments

• Governments and the public sector are increasingly investing in agriculture and R&D. Small land farmers cannot use the sensor and devices as the cost of soil monitoring devices is high. In this case, incentives or subsidies from governments help the marginal farmers to adopt the technology.
• For instance, in the United States, the Senate Appropriations Committee’s 2020 agriculture appropriations bill has provided USD 23.1 Bn in discretionary funding with USD 3 Bn for R&D. Moreover, extensive presence of urban gardens and changing environmental and water resources is expected to boost the market.

Asia Pacific to lead the market growth

• In terms of region, the global soil monitoring devices market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• The soil monitoring devices market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period.
• This growth is attributed to increasing need to improve farmland productivity due to rising population, increasing adoption of advanced devices, and growing awareness among farmers. Thus, these factors are expected to increase the demand for soil monitoring devices in the region.

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• The soil monitoring devices market in North America and Europe is also likely to show high growth rate due to the increasing investment by governments and the public sector, and presence of major players. The market in Middle East & Africa is expected to witness a uniform growth rate.

Key Players in the Global Market

The global soil monitoring devices market is highly fragmented. Prominent players operating in the global market are focusing on product launch and technological developments to meet the growing demand for soil monitoring devices.

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Automotive Cloud-based System Market Rising Trends, Demand and Global Developments 2021 to 2031

 

• The cloud has the ability to host a software service from a remote location that can be freely accessed and used via the internet. Cloud-based systems enable monitoring of car performance and issues without any action needed at the driver end.
• A cloud-based system eliminates human intervention in its operation. This system operates automatically through a network of sensors when any issue about performance occurs in the vehicle. The cloud-based system is a software service based on internet network to monitor and determine whether an issue occurs, thus ensuring the safety of driver and passengers.

Key Drivers of Automotive Cloud Based System Market:

• In conventional vehicles, major accidents occur due to careless driving and undeveloped technologies in vehicles, which causes injuries to passengers. Such vehicles are unsafe for both driver and passengers, which is one of the major causes for the high rate of fatal accidents. Various manufacturing companies have recognized the safety concerns in conventional vehicles and have developed the cloud-based system for modern vehicles. Rise in production of vehicles integrated with such technology is likely to boost the cloud based system in developed countries.
• A surge in migration from rural areas to urban areas to earn a livelihood has been witnessed across the globe. Rise in urbanization increases the use of vehicles and boosts the production of vehicles within the region. Thus, growing fleet of vehicles to cater mobility needs of the urban population is driving the cloud-based system market across the globe.

Challenges in Automotive Cloud-based System Market:

•  High cost associated with procurement and maintenance of complex cloud-based system restrains the market. Furthermore, failure of sensors to detect the issue in the vehicle results in an injury and also causes high fatal accidents. These concerns related to costs and malfunction of the system hamper the market. Lack of infrastructure in vehicles and increased threats from hackers are also likely to restrain the global automotive cloud based system market.

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Global Automotive Cloud-based System Market to Offer Attractive Opportunities:

• Increase in number of value added services is fueling the demand from such a vehicles consistently. People are looking forward to choosing such type of vehicles, which is likely to boost the production of vehicles and subsequently, propel the demand for cloud-based systems across the globe.

Asia Pacific Automotive Cloud-based System Market to Expand Rapidly

• The automotive cloud-based technology market in Asia Pacific is estimated to expand significantly during the forecast period, followed by North America and Europe. This can be attributed to the high rate of adoption of automotive cloud-based technology in countries such as China, which is the largest manufacturer of vehicles across the globe.
• Development of cloud infrastructure and adoption of cloud services by automotive OEMs based in India have also contributed to the expansion of the automotive cloud based system market in Asia Pacific.

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Key Players Operating in Global Cloud-based System Market:

The global automotive cloud-based system market is consulted with top manufacturers across the globe. Some key players operating in the global automotive cloud-based system market are:

• Robert Bosch GmbH
• Harman International
• Denso Corporation
• Delphi Automotive PLC
• Trimble Inc.

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Remote Operated Vehicle (ROV) Market Demand, Scope and Competitive Analysis 2020 to 2027

 

• Increasing marine activities, including search for new sources of minerals, is driving the global remote operated vehicle (ROV) market. Scarcity of minerals in land mines across the globe has prompted search for new possible sites for mining under the seas. This, in turn, has boosted the demand for remote operated vehicles.
• A remotely operated vehicle (ROV) is a tethered underwater mobile vehicle. The construction and operation of an ROV is fundamentally different from that of other remote controlled vehicles operating on land or in the air. ROVs are unoccupied/ unmanned, highly maneuverable underwater, and are generally operated by a team from a ship.

Key drivers of global remote operated vehicle (ROV) market

• Regulations and standards implemented by government authorities and regulatory bodies are promoting the development of different class of remote operated vehicles that are suitable for specific underwater applications; subsequently, fueling the demand for remote operated vehicles and in turn propelling the global remote operated vehicle (ROV) market. For instance, the petroleum industry in Norway in conjunction with several other companies has developed NORSOK standards for ROVs. These standards are aimed at ensuring adequate safety, value addition, and cost effectiveness for petroleum industry developments and operations. Furthermore, these standards serve as a reference for other ROV-related regulations.

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• Stringent regulations are demanding a reduction in air pollution caused by vehicle emissions in order to reduce carbon footprint and control climate change, which has led to the development of electrically powered remote operated vehicles. These developments are driving the global remote operated vehicle (ROV) market. For instance, Oceaneering International, Inc. has developed work class ROVs that utilize electric propulsion technology to reduce emission and marine environmental impact caused due to ROVs operating underwater.
• Scarcity of minerals, petrochemical products, and other natural resources that are used in diverse industries, including pharmaceutical, is compelling governments to increase marine activities in search of these products. All these operations need different class of remote operated vehicles, which in turn is boosting the demand for ROVs, and thereby propelling the global market. For instance, ROVs are classified from Class I to Class V and perform functions as per the vehicle class. These functions include observation, search and rescue, and heavy lifting.

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North America to dominate global remote operated vehicle (ROV) market

• The research and development of remote operated vehicles is backed by major petrochemical companies based in North America. ROVs are utilized by oil & gas companies, mineral mining companies, and the defense industry in countries in North America.
• Government spending on military and defense services in the region is considerably high, as compared to that by other countries in other regions. Therefore, the region witnesses intense competition among ROV manufacturers in order attract land investment/ funding from the government. All these factors boost the remote operated vehicle (ROV) market in North America.

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Key players operating in global remote operated vehicle (ROV) market:

The global remote operated vehicle (ROV) market is highly concentrated owing to the presence of top manufacturers. A few key players operating in the global remote operated vehicle (ROV) market are:

• ECA GROUP
• Fugro subsea Services Ltd.
• Innova
• IKM Gruppen AS
• Kongsberg Maritime
• Oceaneering International Inc.
• Planys Technologies
• ROVCO
• Saab Seaeye Ltd
• Sea Robotics
• Subsea 7
• Teledyne Technologies International Corp.

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Automotive Aluminum Extrusion Market Size by Regional Forecast to 2030

According to the report, the global automotive aluminum extrusion market is projected to reach US$ 93.3 Bn by 2030, expanding at a CAGR of 6% during the forecast period. Rise in the demand for lightweight vehicles across the globe is likely to propel the automotive aluminum extrusion market. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. The enactment of stringent regulations regarding exhaust gas emission across the globe is prompting vehicle industries to develop lightweight vehicles, which is likely to propel the automotive aluminum extrusion market across the globe.

Expansion of Global Automotive Aluminum Extrusion Market

The surge in trade volume owing to rising bilateral trade among countries is projected to boost the automotive aluminum extrusion market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

Based on vehicle, the global automotive aluminum extrusion market has been segmented into minicompact (A Segment), supermini (B Segment), compact (C Segment), mid-size (D Segment), executive (E Segment), luxury (F Segment), utility vehicles, light commercial vehicles, heavy commercial vehicles, and buses & coaches. Utility vehicles is likely to be a highly lucrative segment during the forecast period. This is primarily due to rise in demand for SUVs across the globe. The increase in demand for light commercial vehicles across the globe due to an increase in transportation of goods and commodities across the globe is projected to fuel the demand for light commercial vehicles globally.

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Based on type, the sub-structure segment accounted for a significant share of the global automotive aluminum extrusion market. Rise in demand for electric vehicles where aluminum sub-structure is widely used to increase vehicle range is anticipated to boost the automotive aluminum extrusion market across the globe.

Analysts at the Transparency Market Research (TMR) are anticipating Y-O-Y growth for the automotive aluminum extrusion market, as EVs are becoming readily available for customers. Moreover, aluminum extruded structures help to offset the battery weight and lead to fuel savings. Improved vehicle performance is the key advantage of automotive aluminum extruded components.

Collaboration with Universities Helps to Narrow Gap in R&D and Production

Groundbreaking innovations in extrusion equipment are contributing toward the growth of the automotive aluminum extrusion market. For instance, manufacturers should take cues from the Constellium University Technology Center at Brunel University London to develop one-of-its-kind extrusion equipment, which deploys rapid prototyping of automotive components. Automakers should use industry-standard extrusion equipment to significantly reduce development times while manufacturing components using advance aluminum alloys.

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Companies in the automotive aluminum extrusion market need to increase R&D muscle to innovate in new alloy processing technologies meant for lightweight applications. They are setting their collaboration wheels in motion with R&D centers at leading universities to develop extruded components as per the automaker’s specifications. Rapid prototyping is the key to reduce development time of vehicles. R&D centers are conducting simulation and precision testing for crash, towing, and assembly processes.

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Recreational Vehicles (RVs) Batteries Market Business Overview and Forecast Research Study 2030

According to the report, the global recreational vehicles (RVs) batteries market is projected to surpass US$ 600 Mn by 2030, expanding at a CAGR of 7% during the forecast period. Increase in global warming across the globe is prompting most vehicle manufacturers to develop efficient vehicle technologies for their vehicles, which is anticipated to boost the recreational vehicles (RVs) batteries market across the globe. Technological advancements in the vehicle battery technology have enabled automakers to increase the cruising range of electric vehicles. This, in turn, is expected to increase the trend toward electric vehicles and subsequently, boost the recreational vehicles (RVs) batteries market during the forecast period.

Expansion of Recreational Vehicles (RVs) Batteries Market

The surge in demand for luxury and comfort vehicles across the globe is projected to boost the recreational vehicles (RVs) batteries market during the forecast period. North America recorded significantly high production of recreational vehicles in 2018, which continued in 2019, leading the region to account for a significant share of the global recreational vehicles (RVs) batteries market. Camping and trekking activities are increasing globally, as people are spending more on outdoor travels resulting in an increased demand for traveling vehicles for tourist. This is likely to drive the demand for travel trailers and consequently, boost the segment. This, in turn, is projected to propel the demand for recreational vehicles across the globe and subsequently, fuel the recreational vehicles (RVs) batteries market.

Based on voltage range, the 12 volt segment held a major share of the global market. Rise in the use of in vehicle luxury systems and appliances in recreational vehicles is expected to propel the 12 volt battery segment. Most vehicle systems employed in recreational vehicles operate on 12 volt systems, as 12 volt is a safer voltage for DC circuits, thereby making this voltage highly popular.

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Regional Analysis of Recreational Vehicles (RVs) Batteries Market

The global recreational vehicles (RVs) batteries market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominated the global recreational vehicles (RVs) batteries market in 2019. It is anticipated to hold a leading share during the forecast period, due to rise in production and sale of recreational vehicles in the U.S. and Canada. The increased demand for electric vehicles across North America is another factor boosting the recreational vehicles (RVs) batteries market in the region.

Innovations in lithium-ion batteries are bolstering growth for the recreational vehicles (RVs) batteries market. However, battery manufacturers are troubled with costs associated with annual warranty claims on batteries. Hence, manufacturers in the recreational vehicles (RVs) batteries market are increasing awareness about measures that help to extend the battery life. They are increasing R&D muscle to improve the size of lead plates and electrolyte content in order to improve power storage capacity of batteries.

The electric motorhome by German RV company called Dethleffs is being highly publicized for its ground-breaking battery lifespan. Manufacturers in the recreational vehicles (RVs) batteries market are taking cues from such automotive companies to deploy innovations in batteries. Though lead acid batteries dictate the highest share among all battery types in the recreational vehicles (RVs) batteries market, lithium batteries are projected for exponential growth during 2020-2030.

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During cross-country road trips, individuals prefer less stops for gas filling. The next-gen RVs are meeting these demands for individuals since these RVs are integrated with rechargeable sodium-nickel-chloride batteries. On the other hand, editorials are boosting the uptake of RV batteries. Since these batteries are significantly expensive than conventional car batteries, editorials are helping buyers to make the right choice in batteries. Thus, in order to increase product uptake, manufacturers should list their products in editorials, as these help individuals to make informed decisions.

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