5G Chipset Market Latest Trends and Advancement Outlook 2026

According to a new market research report published by Transparency Market Research titled ‘5G Chipset Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2026,’ the global 5G chipset market is estimated to be valued at US$ 1,571.9 Mn by 2019 and is expected to expand at a CAGR of 44.01% from 2019 to 2026, to reach value of US$  20,195.8 Mn by the end of the forecast period.

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Commercialization of the 5G technology across the globe to fuel the global 5G chipset market

Various telecom operators as well as chipset manufacturers are investing significantly in research and development activities for commercialization of the 5G technology. Telecom operators are collaborating with various network equipment providers as well as service providers to accelerate the commercialization of 5G. In November 2018, Huawei, a prominent network equipment company, announced to have signed 22 commercial contracts for 5G.

The company is currently working with more than 50 carriers on 5G commercial trials. Furthermore, various chipmakers are introducing advanced 5G chipsets in the market in order to accelerate the adoption of 5G across the globe. For instance, in December 2018, Qualcomm, a prominent chipmaker launched its flagship Snapdragon 855 chip, which would facilitate use of the 5G technology in mobile phones.

Rising demand for high speed to propel the global 5G chipset market

Demand for high-speed Internet has been increasing globally for the last few years, especially in developing economies such as India and China. The primary factor responsible for this rise in demand is the increase in demand for on-demand video streaming. In order to satisfy this surging demand for high-speed data, smartphone makers are engaging in the development of smartphones with 5G capabilities. Furthermore, chipmakers are forming partnerships with phone manufacturers to provide them with 5G chipsets to be installed in their smartphones. For instance, Qualcomm, a leading chipmaker, has partnered with 19 phone makers to supply 5G chipsets to them.

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Asia Pacific market to expand at a rapid pace owing to increasing number of smartphone users in the region

In terms of geography, the global 5G chipset market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to be the leading region of the global market by 2019, followed by Europe. The market in Asia Pacific is projected to expand at the maximum CAGR from 2019 to 2026 owing to the rising number of smartphone users and increasing demand for high-speed Internet in the region.

Furthermore, the market in Middle East & Africa is witnessing steady growth, owing to the increasing number of 5G trials being conducted in the region by various telecom operators. This presents significant growth opportunities to the 5G chipset market.

Samsung, Qorvo Inc., Analog Devices, Inc., Broadcom, Anokiwave, Intel Corporation, Nokia Corporation, Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., and MediaTek, Inc. are key players operating in the 5G chipset market. Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, offerings of 5G chipsets, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

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Clean in Place Market by Manufacturers, Countries and Forecast To 2027

The global clean-in-place market was valued at US$ 7,435.3 Mn in 2018 and is anticipated to register a stable CAGR of 15.7% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR) titled ‘Clean-in-place Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ Growing adoption in food and pharmaceutical industries, advantages offered by multi-tank CIP systems, rising adoption of automated CIP, and technological innovations drive the global clean-in-place market. The market in North America is expanding at a significant CAGR of 16.9%, owing to numerous technological innovations and growing concerns about hygiene in the food industry.

Growing Adoption in Food and Pharmaceutical Industries to Drive Market

Industries that rely heavily on CIP are those that require high levels of hygiene, such as food and pharmaceutical industries. CIP systems play an important role in the food industry, as it is very important in this sector to maintain hygiene and keep machinery and equipment bacteriologically clean. With increasing preference for food hygiene and sanitation, manufacturers are following strict clean-in-place (CIP) after every production shift. The CIP system is designed to automate essential cleaning and disinfection processes as well as to avoid time-consuming work of disassembly and assembly.

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Demand for clean-in-place systems is rapidly increasing in the food & beverages industry, as process piping and vessels used in the industry require frequent cleaning to remove residue from previous batches and sanitize the process piping as well as vessels. Several global players are continuously focusing on maintaining hygiene to ensure high safety and quality of products. For example, Alfa Laval has introduced a twin-screw model as the latest addition to the company’s hygienic pump portfolio for use in dairy, food & beverages, and personal care industries. This model is capable of handling both product transfer and clean-in-place (CIP). Pharmaceutical manufacturers in the North America region are practicing frequent cleaning of interior surfaces of their process equipment so as to comply with stringent hygiene-related regulations in the region.

Rising Demand for Automated CIP to Drive Clean-in-place Market

Use of automated clean-in-place systems reduces labor requirements, as safety operators are not required to enter the plant to clean equipment. With the help of automated operations, difficult areas can be cleaned very easily. Also, they help minimize the production downtime between product runs and reduce cleaning costs. Moreover, due to recycling of cleaning solutions and rinse water, automated CIP systems provide quality assurance and offer complete information for quality assurance requirements. These factors are expected to boost the global clean-in-place market during the forecast period.

Several industries such as food & beverages and healthcare are focusing on automating their critical cleaning and sterilization processes in a controlled and documented manner. They are implementing automated clean-in-place methods in order to automate essential cleaning and disinfection processes and avoid time-consuming disassembly and assembly work. In addition, numerous modifications can be made in the existing systems in order to save water, chemical use, time, and energy.

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In terms of revenue, North America accounted for the maximum share of the global CIP market in 2018, due to rising advancements in technology and increasing need in the region to enhance the ability of the sanitation crew to clean and sanitize production equipment in a better manner. Furthermore, presence of a large number of market players in the region is augmenting the CIP market in North America. The U.S. held the maximum share of the market in North America in 2018. The market in the country is estimated to expand at the maximum CAGR during the forecast period.

The market in North America is expected to expand at a significant CAGR during the forecast period. Rapid growth of the healthcare industry and early adoption of automated CIP systems are some of the factors likely to fuel the market in the region. In several countries of Europe, increasing concerns about hygiene and growing awareness about highly innovative cleaning systems are fueling the clean-in-place market in the region. The market in Europe is likely to witness significant growth during the forecast period. The U.K. held the maximum share of the Europe clean-in-place market in 2018. Demand for clean-in-place systems in Asia Pacific is likely to remain concentrated in China and India, owing to growing population and increasing disposable income in these countries.

The market in India is estimated to expand at the maximum CAGR among countries in Asia Pacific during the forecast period, due to growing adoption of clean-in-place systems and increase in the demand for processed food, dairy products, beverages, and pharma products in the region. In Middle East & Africa (MEA), market players are increasing their investments to expand their presence. The market in GCC is expected to expand at a significant CAGR during the forecast period, due to growing adoption of automated CIP systems in the sub-region. In terms of revenue, Brazil is expected to hold a significant share of the clean-in-place market in South America throughout the forecast period.

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Display Driver IC Market 2020-2027 Report and Imapct of Coronavirus Pandemic

According to a new market research report published by Transparency Market Research  the global display driver IC market is expected to reach value of US$ 6,842.2 Mn by 2027, expanding at a CAGR of 8.0% from 2019 to 2027. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 8.7% between 2019 and 2027.

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Increasing demand of OLED displays driving the global display driver IC market

As the OLED display technology and its manufacturing process have become mature, more and more applications have adopted OLED as smart displays. In addition, as self-emissive OLED displays come with a wide range of operating temperatures, they are suitable for use in outdoor applications, even under severe climatic conditions. Several manufacturers are using OLED displays in smartphones, TV sets, etc. For instance, Apple has switched from LCD panels to OLED panels for its next generation of iPhones. As the demand for OLED displays continues to rise, Taiwan-based manufacturers are adjusting their business structures so as to achieve increased production. Several companies, such as AU Optronics and Novatek Microelectronics, are expecting a substantial boom in OLED sales.

Global Display Driver IC Market: Scope of Report

The global display driver IC market has been broadly segmented in terms of display technology, application, end-use industry, and geography. In terms of display technology, the market has been classified into LCD, LED, OLED, and others. Among these, the LED segment accounted for a major share of 44.1% in 2018. The segment is expected to expand at a significant CAGR of 8.7% during the forecast period.

Based on application, the global display driver IC market has been divided into mobile phones, televisions, laptops, tablets, smart watches, automobile consoles, and others (including wearable devices and video walls). In terms of end-use industry, the global market has been classified into consumer electronics, healthcare, automotive, and others. In 2018 the consumer electronics segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 8.6% during the forecast period.

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Based on region, the global display driver IC market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is anticipated to hold a leading share of the global market during the forecast period, followed by North America and Asia Pacific. This is primarily due to technological advancements in the region.

Furthermore, presence of a large number of manufacturers of display panels in North America has made it another prominent region of the global display driver IC market. Moreover, the market in Asia Pacific is projected to expand rapidly between 2019 and 2027, due to ongoing technological innovations in display driver technologies, such as QLED and OLED, in the region. The market in Middle East & Africa is estimated to witness moderate growth from 2019 to 2027. The market in South America is expected to witness sluggish growth during the forecast period.

Attracted by the anticipated growth of the global display driver IC market and underlying latent demand, several players are expanding their business through strategic mergers and acquisitions as well as partnerships. For instance, in January 2017, Novatek Technology acquired Faraday Technology’s surveillance business.

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This acquisition enhanced the technology competitiveness of Novatek’s imaging SOC and IP cameras. Some of the prominent players operating in the global display driver IC market are Samsung Electronics, Novatek Microelectronics (U.S.), Himax Technologies, Silicon Works, Sitronix Technology, Raydium Semiconductor, Magnachip Semiconductor, MediaTek, and ROHM Semiconductor.

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3D Depth Sensing Camera Market 2020-2027 Demand and Insights Analysis Report

Depth imaging refers to the ability to produce an image that contains depth information at each location in the image. Humans perceive depth using our two eyes to create “stereo vision”. While the applications thus far for 3D image sensing have been in the industrial, military and medical fields, the first consumer products started to emerge around 2010 with the Microsoft Kinect game accessory. Kinect was based on technology licensed from the Israeli company Prime Sense which was subsequently acquired by Apple in 2013.

Based on product developments from components companies like STMicroelectronics, AMS, PMD, and Sony, the use of depth sensing for consumer products has accelerated over the last year. 2018 will likely see a significant influx of new consumer products with 3D imaging capabilities, with the first applications in mobile and computing. The first mobile phone with depth imaging was introduced by Lenovo in 2016 and now multiple design wins have been announced.

3D Depth Sensing Camera Market – Competitive Landscape

Sony Corporation

Founded in 1946, Sony Corporation is headquartered in Tokyo, Japan. The company operates in diverse business segments that includes electronics, gaming, entertainment, and financial services. The company is a global manufacturer of electronic products for customers and professionals. Sony Corporation is the electronics business unit of Sony Group. The company has around 117,300 employees worldwide.

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Sharp Corporation

Founded in 1912, Sharp Corporation is headquartered in Osaka, Japan. The company manufactures variety of electronic products such as LCD panels, mobile phones, audio-visual entertainment equipment, and video projectors among others. The company has more than 50,000 employees across the globe.

Toshiba Corporation

Toshiba Corporation is headquartered in Tokyo, Japan. The company manufactures electronic devices & components, digital products, computer & tablets, visual products, home appliances, and infrastructure systems. The company has around 141,250 employees worldwide.

Leica Camera AG

Founded in 1914, Leica Camera AG is headquartered in Wetzlar, Germany. The company manufactures cameras, lenses, binoculars, rifle scopes, microscopes and ophthalmic lenses. The company is continuously engaged in manufacturing of products to capture good quality pictures in all situations in the worlds of visualization and perception.

Some of the key players operating in the global 3D depth sensing camera market with significant developments include Sharp Corporation, Leica Camera AG, Sony Corporation, Infineon Technologies AG, Toshiba Corporation, Microsoft Corporation, Soft Kinetic Systems S.A., PMD Technologies, Pelican Imaging, and Samsung Electronics Limited, Texas Instruments (US), Qualcomm, Occipital, Stereolabs, Creative, pmdtechnologies, Sony Depthsensing Solutions, BECOM BLUETECHNIX, Intel, Melexis, Tower semiconductor, Vrmagic, Aquifi, Nerian Vision Technologies, Espros, Sunny Optical Technology, PrimeSense, ASUSTeK Computer, and LIPS Corporation among others.

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3D Depth Sensing Camera Market – Dynamics

Increase in Adoption of Smartphones with Integrated 3D Camera in Entertainment Industry is driving the Market

3D camera equipped smartphone is one of the emerging technologies that provide enhanced quality pictures and videos to end users. Currently, the latest smartphones are integrated with 3D cameras that can sense movements, while taking pictures and enhance the picture quality. Smartphone 3D camera has been gaining popularity among the young generation due to its attractive features such as real sensing of the object, clarity, and HD performance.

Increase in adoption of smartphones and rise in usage of 3D content across media, entertainment, and gaming industry is the key driver for the growth of the 3D depth sensing camera market. 3D camera is a new concept in the smartphone, but factors such as compatibility with all smartphones and high cost of these gadgets hinder the 3D depth sensing camera market growth.

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Optoelectronic Components Market Segmentation and Growth Analysis 2023

The global optoelectronic component market is highly competitive due to the presence of large number of regional and international players. In the coming years, the completion in the market is likely to increase due to growing number of new players. However, new players need to come up with innovative ideas and a strong distribution chain to hold larger share in the global market. Leading players in the market are focusing in expanding their business through mergers and acquisitions.  Texas Instruments, Inc., Cree, Inc., Sharp Corporation, OSRAM, and Avago Technologies are some of the leading players operating in the global market.

In a recent report published by Transparency Market Research, the global optoelectronic components market is anticipated to rise at CAGR 9.7% during the forecast period between 2015 and 2023. During the forecast period, the market valuation is projected to touch US$137 bn by the end of 2023. In 2014, market valuation was US$60bn.

Based on component, the LED driver and IC component held 37.6% share in terms of revenue in 2014.  This segment is likely to attain a valuation of US$50 bn by the end of 2023 progressing from US$22 bn earned in 2014. Geographically, Asia Pacific led the global optoelectronic components market in terms of revenue, followed by North America. Growing popularity in Asia Pacific of optoelectronic components, as they are cost- effective and reliable are the key factor for its growth.

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Reducing Power Consumption to Accelerate Optoelectronic Component Market

The demand for optoelectronic component is high in customer electronics. It helps in producing image sensors, LED drivers and ICs, laser diodes, and similar other devices are projected to provide a fillip to the global optoelectronic component market. In addition, usage of optoelectronic component helps in reducing power consumption, thus further augmenting its demand. Moreover, optoelectronic component helps in detecting and controlling light and it converts electrical signals into infrared or visible energy or vice versa. It is also used in photovoltaic power supplies, monitor and control circuits, electric eyes, and optical fiber communications systems. These factors are likely to drive the global optoelectronic component market in the near future.

The largest number of optoelectronic components patent filings were done in 2012, while the largest publications of patents were done in 2015. Of these, the U.S. held the majority of patents, both filed and published, for optoelectronic components.

Cost-effective LED Drivers and ICs in High Demand

LED drivers can drastically improve the function of an LED system by transforming the incoming electricity to a more suitable form for the LED. Advancements in LED driver technology have allowed them to be highly efficient and cost-effective. This, in conjunction to the reduction in LED costs, has boosted the manufacturing volume of optoelectronic components significantly over the past few years.

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LED drivers and ICs have and will continue to be the largest optoelectronic components segment till 2023.

The key reason for the popularity of LED drivers and ICs is the ability of manufacturers to make them cheap and yet highly reliable. It made them highly sought-after in the Asia Pacific region along with most of the emerging industrial settings across the world. These modern industrial setups are expected to show a rapidly increasing demand for LED drivers and ICs along with image sensors, the components segment with the second largest revenue generated in 2014. Top vendors of optoelectronic components in the world include OSRAM, Texas Instruments, Inc., Sharp Corporation, Cree, Inc., and Avago Technologies.

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Hazardous Area Sensors Market SWOT Analysis, Key Indicators, Forecast 2023

The global hazardous area sensors market is characterized by the presence of a few large and experienced players such as Honeywell International Inc., ABB Group, and Siemens AG, which presents a huge barrier to new entrants. These established players already have a stronghold on the global market, with stiff competition between them. Transparency Market Research identifies security threats as the major challenge for all existing players and finds that companies have been devising improved products with better security features.

“Product innovation and development is a key strategy adopted by most leading market players,” the lead author of the study finds. “In order to survive stiff competition in the hazardous area sensors market, companies are involved in research and development activities to create innovative products.”

Honeywell International, for instance, expanded its portfolio of hammer union/wing union pressure sensors in April 2016 with the addition of the IEC Ex/ATEX certified Model 343 to its already existing 435 and 437 models.

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Concept of “Intrinsic Safety” Gains Prominence

The rising importance of intrinsic safety has positively influenced the growth of the hazardous area sensors market, TMR states. Intrinsic safety is a globally recognized and widely accepted technique of low-energy signaling at a hazardous location, thereby preventing the occurrence of explosions. The acceptance of this concept in present-day manufacturing facilities in oil refineries, textile mills, paint manufacturers, and chemical plants has strongly driven the market and the impact is anticipated to be high toward the end of the forecast period.

“In addition to the growing prominence of intrinsic safety, the implementation of stringent government legislations across the globe has compelled companies to make use of hazardous area sensors,” the author of the study observes. Countries such as the U.S., the U.K., Germany, Canada, France, Austria, Switzerland, and the Netherlands have set up specific standards, certifications, and ratings for sensor safety.

Despite holding a minimum share in 2014, the hazardous area sensors market in the Rest of the World is anticipated to register the fastest growth rate from 2015 to 2023. This segment is projected to be fueled by the oil and gas as well as the mining and metal industries. Several countries in RoW, such as Brazil and South Africa, have been emphasizing on intrinsic safety in the industrial sector. As an increasing number of countries follow this trend, the hazardous area sensors market is likely to receive an impetus during the forecast period.

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Increased Use of Hazardous Area Sensors in Oil and Gas Industry

The prominent applications of hazardous area sensors include oil and gas, power, mining and metal, healthcare, grain storage, chemical, waste and sewage management, pharmaceutical, and fertilizer. The use of hazardous area sensors in the oil and gas sector has been significantly high and over the forecast period from 2015 to 2023, this application segment is expected to lead the overall hazardous area sensors market. The rising demand for shale gas and coal gas, coupled with increasing exploration for new gas fields, has been positively impacting the market.

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Corded Power Tools Market Segments, Value Chain and Key Trends 2026

Corded power tools are used to manufacture and create products with ease and convenience. These tools help perform several tasks such as drilling, routing, buffing, leveling, screw driving, chiseling, and sanding. Power tools help save operation time. They offer better efficiency, as compared to hand tools. There are primarily three main types of power tools: electric power tools, engine drive power tools, and pneumatic power tools. Corded power tools are utilized particularly in residential applications and industrial or commercial applications such as the construction industry.

They are also employed in various industries such as infrastructure, woodworking, construction, automotive, electrical, and electronics. Several industries also demand for custom-built power tools in order to achieve expected output. Corded power tools are used in the manufacture of equipment parts in industries such as construction. Rise in construction activities and improved economic conditions in several regions are expected to boost the corded power tools market.

Rising awareness about using corded power tools as a part of the expanding construction industry is expected to be a key factor driving the corded power tools market. Corded power tools are convenient to use, easy to handle, helpful for significant number of end-user applications, and available in compact sizes. Moreover, growing urbanization, industrialization, and its major roles such as maintenance and construction designs, is expected to propel the corded power tool market.

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Wireless power tools need to be charged periodically; hence, corded power tools are more convenient and mostly preferred by professionals and consumers. Additionally, rise in DIY trend is expected to drive the corded power tools market during the forecast period. However, increasing usage of cordless power tools is projected to hamper the global corded power tools market. Nevertheless, introduction of new designs with fewer vibrations, preferred by consumers, is expected to create significant opportunities for the global corded power tools market. Moreover, the rate of adoption of wireless power tools is sluggish due to increasing battery issues. Furthermore, the high prices of Li-ion batteries is expected to restrain the wireless power tools market. These factors are expected to create opportunities for the corded power tools market.

The global corded power tools market can be segment based on product type, application, end-user industry, and region. Based on product type, the market can be classified into saws, lawnmower, angle grinder, hammer drill, and others. In terms of application, the market can be divided into in-house or household application, construction field, industry field, gardening field, and others. Based on end-user industry, the market can be categorized into construction, aerospace industry, shipbuilding, oil & gas, automotive, and electronics. Based on region, the global corded power tools market can be segregated into North America (The U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, and Russia), Asia Pacific (China, India, Japan, South Korea, Australia, Malaysia, Philippines, Vietnam, Indonesia, Thailand, and others), Middle East & Africa (GCC and South Africa), and South America.

Major players operating in the global corded power tools market include Stanley Black & Decker, KEN, Bosch, Jiangsu Jinding, TTI, Positec Group, Makita, Zhejiang Crown, Hitachi Koki, C. & E. Fein, Hilti, Dongcheng, Metabo, Apex Tool Group, Snap-on Incorporated, DEVON (Chevron Group), Festool, Harbor Freight Tools, Atlas Copco AB, Techtronic Industries, Mafell, Hilti, Illinois Tool Works, Danaher, Andreas Stihl, and TTS Tool Technic Systems. Increasing competition in the market is prompting top companies to focus on manufacturing new structured innovative products with sustainable features and expand their production and research facilities in order to strengthen their presence in the global corded power tools market.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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