Internet of Thing (IOT) Microcontroller Market Volume, Competitive Dynamics, Industry Outlook and Forecast 2024

With the importance interconnectivity increasing, Internet of Things is also gaining a good view and demand in the market. Microcontroller is also known as MCU alternatively. It is a SoC or system on chip that consists a memory, programmable output and input peripherals, and a core processor. In several cases, a little portion of a random access memory is also integrated in a microcontroller for enhanced performance. At present, microcontroller is employed substantially across many automated Internet of Things products and devices such as power tools, remote controls, office machines, automobile engine controls, and medical devices.

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The robust enhancements in the application fields of Internet of Things is expected to meet the demands of technologically advanced products of a wide consumer base. This factor is expected to have a long term positive impact on the growth of the market. The deployment of smart meter across several residential and commercial sectors for closely monitoring the total consumption of energy is further expected to have a positive impact on the growth of the global Internet of Things Microcontroller market in the years to come. However, the power that is consumer by these microcontrollers is extremely high, thus hindering the growth of the market to some extent. Developing regions are expected to present market players enhance their consumer base and production units at the same time.

MCU, alternatively known as microcontroller is a system on chip (SoC) consisting of a memory, processor core and programmable input and output peripherals. In many cases, small amount of random access memory (RAM) is embedded in a MCU for better performance. Currently, microcontroller is used extensively across various automatically controlled Internet of Thing (IoT) devices and products such as medical devices, automobile engine control systems, office machines, remote controls, power tools and other portable devices.

In order to provide detailed analysis of the global microcontroller market, the market has been segmented on the basis of product type, application and geography. By product type, the global microcontroller market can be bifurcated into 8-bit MCU, 16-bit MCU and 32-bit MCU. IoT microcontroller also finds its application across various consumer electronic devices, automotive, medical devices, smart home products and smart grid among others. On the other hand, geographically the market can be classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America among others.

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Rapid advancements in Internet of Thing (IoT) application in order to provide technologically advanced smart devices to various consumers, is the primary factor predicted to boost the demand of microcontroller at an exponential rate in the coming years. In addition, rising demand for automation across various application segment is also anticipated to accelerate the demand of smart devices during the forecast period from 2016 to 2024. This in turn is also predicted to affect the market of microcontroller positively. Moreover, rapid installation of smart meter across different commercial and residential sectors in order to monitor overall electric energy consumption and to report the information back to the utilities for automatic billing purposes is anticipated to trigger the demand of microcontroller during the forecast period.

However, high power consumption of microcontroller is one of the primary factor anticipated to affect the demand of microcontroller negatively. Microcontroller embedded in smart devices rely on batteries to consume required power for its efficient operation. This in turn decreases the lifecycle of batteries and is expected to increase the overall operating cost. In addition, security related issues of IoT devices is another important factor predicted to limit the demand of microcontroller in the coming years.

Based on product type, the 32-bit IoT microcontroller held the largest market share in 2015. The main reason behind this segments dominance is attributed to the extensive use of 32-bit IoT microcontroller across various IoT applications owing to its high RAM size and better performance. In addition, the price difference between 32-bit, 16-bit and 8-bit microcontroller is also very low. Thus, consumers incline towards 32-bit variant, there by anticipated to affect the market positively.

By application, the global market of IoT microcontroller is majorly driven by the consumer electronics segment. Increasing demand for technologically advanced consumer electronic devices across the globe such as smart wearable, mobile phones, tablets and computers among others, is anticipated to create an optimistic market for various microcontroller manufacturers during the forecast period from 2016 to 2024.

Across various regions, North America is anticipated to dominate the market of IoT microcontroller in the coming years owing to the presence of large number of manufacturers and rapid technological advancements taking place in the field of smart devices. However, Asia Pacific region is predicted to experience the fastest growing market during the forecast period. Rapid advancement taking place in the automotive industry in this region in terms of vehicle connectivity and interactive safety system is anticipated to leverage the demand of IoT microcontroller extensively in the coming years. In addition, increasing demand for various consumer electronic devices such as smart phones, tablets, smart television and smart watches among others is also predicted to propel the demand of microcontroller in this region.

Some of the major players operating in the IoT microcontroller market includes, Atmel (U.S), Freescale (U.S.A), Infineon (Germany), ST Microelectronics (Switzerland) and Texas Instruments (U.S) among others.

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Haptic Technology Market Key Players, Product and Production Information analysis and forecast to 2024

Haptic is a Greek word which means ‘able to come into contact’ or ‘anything related to sense of touch’. The technology where the sense of touch is recreated through vibration or other means is known as haptic technology. Haptic technology saw one of the earliest applications in large aircrafts, where controls surfaces were operated through servomechanism systems, a system which provided negative feedback when it sensed error. The servo systems was not equipped enough to let the pilot know of any external threats.

The servo systems were modified with weights and springs to allow sending vibrations to the controller in the pilot’s hand, whenever threats were detected by the servo system. Modern haptic technology utilizes sensors to measure the amount of force exerted, by the user, on the user interface and then sends a feedback.

The market for haptic technology is growing at a very fast pace, primarily owing to the growing demand for various consumer electronic devices globally. Haptic technology is now a common feature in most mobile handsets such as smart phones and tablets. It is also being used in various laptops. It has also being seeing growing applications in gaming consoles. The increasing penetration of internet of things (IoT) coupled with rural penetration of internet in emerging economies has been boosting the growth of smart phones, tablets and laptops market. This in turn has been positively impacting the growth of haptic technology market.

Additionally, haptic technology is also being utilized in vehicular electronics and medical electronics among others. Furthermore, various research institutes and research and development (R&D) divisions of corporations have been focusing on improving haptic systems and also to develop newer applications for haptic technology. Considering all the positive impacts of the above mentioned factors, the market for haptic technology is expected to grow at a fast pace.

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The global haptic technology market can be segmented, on the basis of feedback, into force and tactile. Tactile haptic technology is more prevalent owing to their presence in smart phones, tablets, laptops and other consumer electronic devices. On the basis of components, the haptic technology market has been segmented into actuators, controllers and others. By end-use industry, the global haptic technology market is segmented into aerospace & defense, automotive, healthcare, consumer electronics and others.

Each of the segments aerospace & defense, automotive, healthcare and consumer electronics is further segmented into commercial and research. Research is being conducted on haptic technology in all these sectors and also commands a large amount of revenue share. The global haptic technology market has been further segmented into five regions: North America, Europe, Asia Pacific (APAC), South America and Middle-East & Africa (MEA). In terms revenue, Asia Pacific had the largest market share in 2015, followed by North America and Europe.

Growing smart phone penetration, increasing usage of internet enabled devices and large user base for consumer electronics are the primary reasons for Asia Pacific being the top revenue garner. North America is the second highest revenue garner in the haptic technology market. The growth rate of haptic technology is also good in Latin America, with increasing penetration of smart phones and tablets in the region.

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The major companies of the haptic technology market globally are Senseg Oy (Finland) Force Dimension (Switzerland), Haption SA (France), Texas Instruments, Inc. (U.S.), Ultrahaptics (U.K), ON Semiconductor Corporation (U.S.), SMK Corporation (Japan), Microchip Technology, Inc. (U.S.), Precision Microdrives, Ltd. (U.K.), IMAGIS Co., Ltd. (South Korea) and Synaptics Incorporated (U.S.) among various others. Some of the strategies adopted by these companies, to remain competitive in the market, includes R&D, mergers, acquisitions and partnership with other companies among other strategies.

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Construction Market Growth, Demand, Opportunities & Forecast To 2030

Transparency Market Research delivers key insights on the global construction market. In terms of revenue, the construction market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the construction market report.

In the report, TMR predicts that the construction market would be largely driven by factors, such as rise in population and investments in infrastructure. Increase in demand for multifunctional characteristics of construction products, use of artificial intelligence, and a streamlined supply chain are expected to drive the construction market during the forecast period.

According to the construction market report, the type segment includes heavy & civil engineering (bridges, roads, railways, airports, and others (sewage, under bridges, etc.), general construction (residential, commercial, industrial), and others (specialty trades, maintenance, etc.) Based on type, the heavy and civil engineering segment accounts for major share. The development of transport infrastructure in various countries contributes maximum to this segment. Maximum investment is for building roads, bridges, and rail lines. The segment is projected to expand at a significant rate in the near future.

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In terms of general construction, the residential segment accounts for maximum share of the market. It is estimated to maintain its dominant position during the forecast period. Various housing policies, low interest on loans, and increasing population are key factors responsible for the expansion of the residential segment. Urbanization, modernization, and rise in population are factors leading to infrastructure investments, which is boosting the global construction market.

This TMR report on the construction market is based on a complete and comprehensive evaluation of the market, supported by secondary and primary sources. The competitive scenario of the construction market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the construction market have arrived at predictions and estimations, and calculated the forecast for the market.

This report uses an analytical triangulation method to estimate numbers and figures of the construction market, with both bottom-up and top-down approaches.

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This detailed assessment of the construction market, along with an overview of the landscape, has been provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the construction market is projected to grow are based on carefully vetted primary and secondary sources.

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Heavy Duty Lathe Machine Market Key Insights, Major Players, Share Analysis

 

• A heavy duty lathe machine is a significant machine tool used to make components and parts of desired size and shape from different materials such as steel, iron, metal alloys, and wood. Various operations conducted on the machine include boring, facing, drilling, turning, chamfering, threading, and grooving. Major parts of heavy duty lathe machines include the bed, headstock, tailstock, and carriage. Manufacturers of lathe machines offer standard products as well as customized machines depending on the requirements of end-use industries.

Key Drivers of the Global Heavy Duty Lathe Machine Market

• Rapid industrialization and increasing use of heavy duty lathe machines for high-end industrial operations is estimated to drive their demand. Low maintenance machines with automatic operation systems are experiencing strong demand across automotive and power generation industries.
• Also, manufacturing companies are increasingly investing in CNC (Computer Numerical Control) machines to enhance the production capacity. End-use industries prefer low maintenance and high performance machines to perform a range of machining activities.

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Opportunities in the Global Heavy Duty Lathe Machine Market

• The expansion of potential industries such as automotive, paper mills, and power generation is anticipated to offer significant growth opportunities for the heavy duty lathe machine market. Automotive industry requires bulk production of certain components and involves batch production systems to produce different parts at regular intervals.

Asia Pacific Recognized as the Major Market for Heavy Duty Lathe Machines

• By geography, the global market is classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC).
• Country-level bifurcation of the North America heavy duty lathe machine market includes forecast and analysis for the U.S., Canada, and Rest of North America. Country-level analysis and forecast for the Europe market includes historical and forecast analysis of the heavy duty lathe machine market in the U.K., Germany, France, and Rest of Europe. Country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America heavy duty lathe machine market is categorized into Brazil, and Rest of South America.
• Asia Pacific is witnessing strong investment across various industries to expand the local manufacturing base. Moreover, governments across major countries such as India and China are promoting the establishment of startups to enhance economic development and international trade.

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Key Players Operating in the Global Market

Robust investment in research and development projects and adoption of latest technology are the key business strategies of industry participants. Moreover, manufacturers are using advanced raw materials for machine fabrication to improve efficiency and overall performance. Collaborations and partnerships with international dealers and distributors enables effective sales and marketing in overseas markets.

In December 2018, Yamazaki Mazak Germany announced partnership with Orderfox.com to enable the purchase of used and new CNC machines on the Orderfox.com machinery exchange platform.

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Automotive Connected Services Market By Application, Types, Region And Business Growth Drivers By 2030

 

• Rise in demand for luxury features in a vehicle is expected to drive the global automotive connected services market. The trend toward connectivity in automobiles is a key factor driving rapid transformation of the automotive and mobility sectors.
• Expansion of the automotive connected services market is accompanied by the development of a wide range of new and innovative services making mobility safer, more comfortable, and more efficient

Key Drivers of Automotive Connected Services Market

• Increase in demand for safe vehicles across the globe is expected to be a key factor boosting the global automotive connected services market. Connected services include global positioning system (GPS), biometric lock/unlock of vehicle, and remote vehicle locking/unlocking offer modern safety features to a vehicle. Increase in demand for such features among passengers is compelling automakers to provide these features in their vehicles. Additionally, aftermarket players are providing retrofit of connected devices in existing vehicles at affordable costs.
• Connected devices in a vehicle enhance driving experience in a vehicle. Features such as navigation, streaming services, and smartphone integration offer comfortable driving experience to vehicle passengers. According to ‘Connected Vehicle Trend Radar 2’ research study conducted by Capgemini in 2019, the number of connected cars is projected to increase to 352 million by 2023, as compared to 119.4 million connected vehicles in 2018.
• Increase in trend toward sustainable and green technologies is expected to propel the global automotive connected services market. According to research conducted by Capgemini, 60% of overall respondents believed that connected services can have a positive impact on the environment. As per this research, in China specifically, 77% of people are willing to pay more for connected services, which are targeting sustainability, while in Europe, 42% of car owners are willing to change their car brand if they knew that other brands offered sustainable connected services.

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• Rise in trend towards electric vehicles coupled with stringent emission regulations enacted by government organizations on IC-engine vehicles is offering lucrative opportunity for the players engaged in the global automotive connected services market. Various automakers have equipped their vehicles with connected devices in order to attract more number of customers. All the factors mentioned above are expected to drive the global automotive connected services market.

Impact of COVID-19 Pandemic on Global Automotive Connected Services Market

• Disruptions in supply chain catering to the automobile industry, owing to the shutdown of production and manufacturing facilities caused by the coronavirus pandemic across the world, is estimated to contract the market in 2020-2021. Consequently, the coronavirus pandemic has hampered the global automotive connected services market.
• The market is anticipated to recover by increasing production volume of vehicle components as well as vehicles in 2021. This, in turn, is projected to offer lucrative opportunity to players operating in the supply chain of the automotive connected services market during the forecast period.

North America and Europe combined to Account for Prominent Share of Global Automotive Connected Services Market

• In terms of region, the global automotive connected services market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

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• North America and Europe have presence of economically stable countries. These regions are home to technologically advanced research institutes catering to the development of vehicle safety and comfort technologies. Additionally, major automakers and aftermarket players have established their technological centers and manufacturing facilities in various countries in these regions including the U.S., Germany, the U.K., and France.
• The automotive connected services market in North America is expected to expand significantly owing to an increase in adoption of connected services in passenger and commercial vehicles due to stringent governmental regulations regarding road safety in the region
• Increase in awareness about green technologies in North America and Europe is expected to further drive the automotive connected services market in these regions.

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Automotive Comfort Actuators Market Growth Rate, Demands, Status And Application Forecast 2030

 

• An actuator is a component of a machine that is responsible for moving and controlling a mechanism or system through a control signal and a source of energy. Comfort actuators exemplify high quality and functionality, low noise emissions, compact and lightweight design, and flexible installation option.

Key Drivers of Automotive Comfort Actuators Market

• Comfort actuator offers an increase number of functions such as window lifting, seat adjustment, sunroof drives, steering column adjustment, drives for power tailgate at a low weight and low noise emission during operation. High level of comfort is a global trend in the automotive industry, and is one of the prior aspect of the automaker strategies in satisfying the customers. This trend is continuing to drive the automotive comfort actuators market.
• Mandatory installation of anti-lock braking systems (ABS) and electronic stability systems in the US and European countries has been the driver for the actuators market. While in India, Bharat New Vehicle Safety Assessment Program (BNVSAP) has come into effect on October 2017 in India. This will mandate ABS in passenger cars and thus drive demand for comfort actuators.

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Challenges in Automotive Comfort Actuators Market

• The recent outbreak of COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations, and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening automotive manufacturing and supply chain operations, thus the COVID impact on the industry seems to have reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, the uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive and ancillaries is anticipated in the next few months, despite concerns around risk of second wave of infection in several countries and other geopolitical risks.

Opportunities in Automotive Comfort Actuators Market

• Automotive industry is on its way to witnessing a fourth industry revolution; automation is being followed by the digitalization of production. The goal is to increase productivity, efficiency, speed, and quality, resulting in higher competitiveness for companies on their way to the future of industry. This is likely to create a growth opportunity for the comfort actuator market.

Asia-Pacific region to Dominant the Global Automotive Comfort Actuators

• Asia Pacific is will dominate the automotive comfort actuators market, triggered by increasing vehicle production in developing nations such as China and India. The major automakers have been increasing their focus on the Asia-Pacific region. Simultaneously small car market is very competitive and the market is gradually shifting upwards to premium car models. Therefore the developments taking place in the region will likely to augur well for the comfort actuators market and showcases prospects for the region to become a major hotspot for the automotive actuator component.

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Key Players Operating in Automotive Comfort Actuators Market

The Automotive Comfort Actuators Market is moderately consolidated. A few of the key players operating in the market are:

• Robert Bosch GmbH
• PIERBURG
• HELLA GmbH & Co. KGaA
• Denso Corporation
• Valeo
• Magneti Mareli

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Automotive Lambda Engine Sensor Market Revenue Insights to 2030

 

• Lambda engine sensor is designed to measure the amount of unburnt gases present in the exhaust pipe. The sensor transmits a signal to the electronic control unit (ECU), which adjusts the air-fuel mixture in the combustion engine. The lambda sensor, commonly known as oxygen sensor, helps detect whether the air-fuel mixture is lean or rich.
• In 1976, Robert Bosch GmbH introduced the first lambda sensor and from 1993, Europe mandated the use of lambda sensor in all gasoline vehicles

Key Drivers of Automotive Lambda Engine Sensor Market

• Rise in demand for high performance vehicles is offering opportunities to improve vehicle engine efficiency. Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to own vehicles. Furthermore, enactment of stringent rules and regulations by government authorities across the globe and rise in awareness about environment across the globe are compelling automakers to implement technologies to monitor vehicle emissions.

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• Rise in government initiatives to reduce vehicle emission across the globe is projected to propel the use of lambda sensor in vehicles, which in turn is likely to boost the automotive lambda engine sensor market in these regions. Increase in use of sensors in the vehicle is likely to prompt vehicle manufacturers to install lambda sensors in the vehicle exhaust system, which is anticipated to boost the automotive lambda engine sensor market across the globe.

Europe & Asia Pacific to hold significant share of global automotive lambda engine sensor market

• Europe is projected to account for a significant share of the global automotive lambda engine sensor market due to stringent rules and regulations regarding vehicle emission norms enacted across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers who have major facilities that undertake research & development regarding the lambda engine sensor, which is likely to propel the automotive lambda engine sensor market across the globe.
• Followed by Europe, Asia Pacific is projected to account a significant share of the global automotive lambda engine sensor market due to an increase in sale of vehicles across the region. Rising demand for fuel-efficient vehicles across Asia Pacific is likely to drive the automotive lambda engine sensor market in the region.

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Key Players Operating in Automotive Lambda Engine Sensor Market

The global automotive lambda engine sensor market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive lambda engine sensor market are:

• Robert Bosch GmbH
• Hyundai Mobis
• Delphi Automotive Plc
• Continental AG
• Denso Corporation
• Analog Devices Inc.
• General Electric
• Infineon Technologies Inc.
• ABB

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