A growing number of companies are focusing on automation systems to reduce their production costs post-COVID-19 But due to the lockdown across countries, companies are facing severe cash flow issues and are deferring new projects related to the implementation of 3D machine vision in their factories.The ongoing COVID-19 pandemic has caused disruptions in economies and supply chains, thereby causing companies operating in different industries to adopt a global supply chain model.The smart camera-based machine vision system is expected to grow at a faster rate during the forecast period as smart camera-based machine vision systems are cost-effective, compact, and flexible since it is easier to implement changes in these systems based on revised regulations and standards.In addition, with the advancements in smart camera technology and IoT, which can be easily be integrated with smart cameras, and the penetration of the smart camera-based machine vision systems is likely to increase in the next few years.Positioning & Guidance to hold the highest share among Smart Camera-based applications in the 3D machine vision market during the forecast periodThe smart camera-based systems segment of the 3D machine vision market for positioning & guidance is expected to grow at the highest CAGR as well as will hold the largest share from 2020 to 2025.This is because the smart camera-based 3D machine vision systems are mostly preferred by manufacturers for flexible robotic vision inspections for processor development and the round-the-clock operations.The automotive industry increasingly depends on robotic vision inspection technology.Food & beverages in industrial vertical to grow at the fastest rate in the 3D machine vision market during the forecast periodThe 3D machine vision market for food & beverages is projected to grow at the highest CAGR during the forecast period.
The growth of the occupancy sensor market is driven by factors such as increasing need for energy-efficient lighting controls and the growing popularity of smart homes.On the other hand, the rising trend of green buildings across the world is among the major factors that are likely to create growth opportunities for the market.The passive infrared-based occupancy sensors accounted for the largest share of occupancy sensor market in 2019.These sensors are affordable and consume lower power than the other two technologies, which makes more it suitable for wireless network connectivity.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3859894The occupancy sensor market for 180–360° coverage area is expected to account for the highest share during the forecast period.There is a strong demand for higher coverage area occupancy sensors as a single occupancy sensor can be installed in large rooms such as large office floors, conference rooms, and classrooms, whereas 89° and 90–179° coverage area-based sensors are used mostly in smaller spaces due to their limited field of view.The occupancy sensor market for residential building type is expected to grow at the highest CAGR during the forecast period.In the current market scenario, most house owners prefer their residences to be installed with the latest technologies, which also help them manage energy usage and minimize the cost.Moreover, growing awareness regarding home automation and smart homes among occupants are expected to drive the occupancy sensor market for residential buildings.Request Free Sample Report:https://www.marketsandmarkets.com/requestsampleNew.asp?id=3859894North America led the global occupancy sensors market in 2019.
A Warehouse Management System helps organizations to efficiently control and improve their warehouse management activities.They also help warehouse management professionals to manage and enhance supply chain performance and productivity.An efficient warehouse management system is a crucial part of businesses operating in a number of industries.In cases where warehouses are not managed efficiently, managing product movement could be even more complex, which may result in an inefficient supply chain.By setting up an ideal warehouse management system, organizations gain a whole and precise view of their entire warehouse management operations, which provides actionable insights that help make informed decisions.Epicor vs. BluJay Solutions Features Epicor BluJay Solutions Inventory Management Yes Yes Data Import/Export Yes No Asset Tracking Yes Yes Low Stock Alerts Yes No Inventory Dashboards Yes Yes Putaway Management No No Mobile Deployment Yes Yes Product Lifecycle Management Yes No Customized Reporting Yes Yes Pick and Pack No Yes Overall Summary Epicor Businesses can effortlessly manage their varied inventories by using effective tools and real-time updates from Epicor’s Eagle inventory software, which also enhances inventory precision at all the customer stores and ensures that they have the appropriate products as required.Epicor ERP helps businesses meet their asset management requirements.
The global automotive TIC market is expected to grow from USD 16.5 billion in 2020 to USD 20.4 billion by 2025; it is expected to grow at a CAGR of 4.3%.The growth of this market can be attributed to the increasing automobile production in emerging economies, growing inclination toward outsourcing TIC services, rising focus of governments to impose strict regulatory standards on the automotive industry, surging adoption of automotive electronics to maintain passenger and vehicle safety, augmenting awareness among consumers regarding product quality and safety, and increasing instances of vehicle recalls due to component failures.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175873215COVID-19 Impact on Automotive TIC MarketDue to the spread of the Coronavirus, manufacturing units around the world have been shut down, footfall in showrooms has fallen sharply, and vehicle sales have taken a huge hit.For instance, Bureau Veritas has launched specialized digital tools for a variety of sectors to support remote operations.Market for outsourced TIC services offered for electrical systems and components is expected to grow at higher CAGR during forecast periodPerformance testing of electric and electronic automotive components includes climate testing, mechanical testing, vibration testing, electrical testing, durability testing, and EMC testing.EMC testing or electric and RF testing help improve the safety of electric and electronic devices used in electric vehicles.In the US, vehicle inspection rules vary according to the state.Some states such as Delaware, District of Columbia, North Carolina, and Hawaii require annual inspection for commercial vehicles and cars and biennial inspection for passenger vehicles to test the roadworthiness and safety of on-road vehicles, while Maryland requires an inspection prior to the registration or transfer of ownership only.
BluJay Solutions offers a Warehouse Management Solution that is unique, simple to use, and does more than just showing stock levels of warehouses.It is integrated warehouse management solutions that provides an exclusive experience and helps businesses manage their order flows.It also provides real-time access to precise stock information and reporting.BluJay’s Warehouse Management helps professionals to constantly remain updated about their inventory stock, enabling smooth onward distribution.It can be set up instantly and allows businesses to onboard new customers, brands, and product lines effortlessly.BluJay’s Warehouse Management Solution provides businesses with real-time access to important information like: The number of items that have been shippedThe number of items that have been declined and returnedThe number of returned items that are waiting to reach the quality assurance process prior to being returned to stock BluJay offers the following solutions under the umbrella of Warehouse Management: Cross-dockingBonded warehousing cross-dockTMS integrated with WMSIntegration with BluJay’s Yard Management applicationPick and packCycle countingAutomatic replenishmentQuarantiningCarrier connectivityCustoms connectivityEasy integration with other business systems and RF/Material Handling Equipment (MHE) Key Features of BluJay Warehouse Management Solution: Helps minimize costs, errors, and time with efficient data processing Automatic replenishment Rapid integration with internal, customer, and partner systems with XML data formats Default EDI engine Better integration with transport partners through enhanced stock visibility and better business agility Dedicated and bonded warehousing Warehouse Management System helps organizations effectively handle and improve their warehouse management activities.
According to the new market research report "Precision Planting Market with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), System Type (High-Speed Precision Planting Systems, Precision Air Seeders, Drones), Farms Size, Drive Type (Electric, Hydraulic), Application, and Geography - Global Forecast to 2025", published by MarketsandMarkets™, the Precision Planting Market is estimated to be worth USD 3.6 billion in 2020 and projected to reach USD 4.6 billion by 2025, at a CAGR of 5.1%.Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96394217The most significant factor driving the precision planting market is the increasing focus on farm efficiency and crop productivity due to the rising global population.The high demand for agricultural products due to population growth; increased adoption of VRT, remote sensing technology, and guidance technologies by farmers worldwide; and strong government support promoting the use of precision planting techniques are the major factors fueling the growth of the precision planting market.Several governments are providing subsidiaries and promoting the benefits of using precision planting to increase awareness regarding the benefits of this technology.GPS-based auto-guidance technology is used in agricultural vehicles to reduce the overlapping during the field mapping process, thereby saving fuel, labor, and time, and leading to soil compaction.The increasing adoption of advanced planting and seeding equipment with new features such as VRT and guidance systems for precision planting is expected to drive the growth of the precision planting market for hardware.High-speed precision planting systems to hold largest market share between 2020 and 2025The high-speed precision planting systems segment is expected to hold the largest share of the precision planting market in 2020, and a similar trend is likely to continue in the coming years.High RoI and growing awareness about the benefits of using these planting systems among farmers are the primary reasons for the largest market share of this segment.
Epicor’s Warehouse Management Solution can be categorized into two parts based on purpose: Epicor Warehouse Management for Building Materials Supply Industry Epicor Warehouse Management Solution (WMS) is cloud-enabled and makes use of bar-coding and wireless technologies that help enhance precision, handling, and performance of the entire warehouse management operations.The solution helps warehouse employees manage routine tasks by removing flaws and improving overall productivity.Epicor delivers real-time, precise information that helps enhance effectiveness in the warehouse as well as the entire organization.Epicor’s RF Navigator Warehouse Management Solution and other associated products offer high-quality insights into business operations and help improve overall warehouse processes.Businesses can make use of the dashboard to collect, assess, and highlight information that is important for managing and enhancing warehouse operations.Labor Management System: Epicor’s Labor Management System enables businesses to evaluate the performance of their warehouse staff compared to predefined standards.Pulse: Pulse enables businesses to show critical information about the warehouse and yard, which helps keep all stakeholders updated.
The market’s growth is propelled by the Fiscal policy steps taken by regional financial institutions to keep manufacturing facilities floating amidst COVID-19 crisis, strict mandates for safety regulations, surging demand for safety systems in the oil & gas industry, high requirement for reliable safety systems to ensure personnel and asset protection, and rise in industrial revolution 4.0.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146773188COVID-19 Impact on the Global Functional Safety MarketCovid-19 has severely impacted all the industries throughout the globe.The restriction put by the government to curb the spread of the virus is what has deteriorated the economies around the globe.This is due to the disruptions in the supply chain across the globe.The production across all industries have been limited due to the pandemic, the shortage of raw material, decline in exports and the disruptions in the supply chain are the major factors contributing to the decline in the production as well as the decline in the functional safety market.Functional Safety Market for services to grow at higher CAGR from 2020 to 2025The market for services is expected to grow at higher CAGR from 2020 to 2025.Maintenance services are expected to continue to hold the largest size of the functional safety market based on service offerings, followed by testing, inspection, and certification (TIC) services.This can be achieved by making food & beverages plants more safe, flexible, and profitable by choosing an integrated approach of automated safety control systems such as functional safety solutions.
The global medical alert systems market exhibits a lucrative growth potential for the next several years.Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237415207 The medical alert systems market in APAC is expected to grow at the highest CAGR from 2020 to 2025.The government in APAC countries such as Australia, China, and India have invested heavily in the healthcare infrastructure and the provision of basic health insurance for all of its citizens.Moreover, an increase in discretionary income and a population that is aging faster are the other crucial factors propelling the medical alert systems market in the Asia Pacific region.Moreover, the introduction of smart wearable devices is another major factor which is driving growth for the wireless medical alert systems market.The market for assisted living facilities users is expected to grow at the highest CAGR during the forecast period.
According to the new market research report on the "Flame Detector Market with COVID-19 Impact, by Product (Single UC, Single IR, Dual UV/IR, Triple IR, Multi IR), Industry (Oil & Gas, Energy & Power, Chemicals, Aerospace & Defense, Logistics) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Flame Detector Market size is expected to grow from USD 1.6 billion in 2020 to USD 2.0 billion by 2026; it is expected to grow at a CAGR of 4.2% from 2020 to 2026.The key factors driving the growth of the market include policies, regulations, and government initiatives, rising adoption of wireless technology in flame detection systems, and increasing human property loss due to fire breakouts.Ask for PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=213130921Product-wise, single UV segment captured largest market size of overall flame detector market in 2019The single UV segment is expected to account for the largest share of the global flame detector market in 2020.Single UV detectors are mainly used for indoor applications across various industries especially in oil & gas, transportation, manufacturing, mining, and energy & power utilities, where there is a huge potential and use of indoor flame detectors.The high growth rate is driven by the need to safeguard human lives and properties, as well as avoid production halt in the vertical.This is because this sector requires the most critical services of flame detectors such as designing and installation, servicing and maintenance, and safety services.The pharmaceuticals industry comprises a number of labs and manufacturing facilities, which carry out chemical reactions and experiments for the research, development, and manufacturing of medicines and other healthcare-related products.
The battery market for IoT is estimated to grow from USD 9.2 billion in 2020 to USD 15.9 billion in 2025; growing at a CAGR of 11.6% from 2019 to 2025.The major factors driving the growth of the market are multi-fold rise in the use of IoT and increase in the adoption of IoT-enabled devices, increase in the global demand for wireless communication, the surge in R activities to develop advanced, flexible, and thin batteries, and rise in demand for thin and flexible batteries used in IoT-enabled devices.However, high upfront costs involved in the development of thin and flexible batteries, and the ecological implications of the disposing of battery wastes hinder the growth of the market.Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153084557The printed battery segment is expected to grow at the highest CAGR during the forecast period.Printed batteries are a newer type of micro batteries.They are mostly composed of Zinc-based materials.Advantages such as thin size and small form factor, and their ability to be disposed off easily have made printed batteries popular in smart packaging and medical application markets, with their demand likely to be increasing further during the forecast period.Based on rechargeability, the battery market for IoT for primary batteries is expected to grow at the highest CAGR during the forecast period.Primary batteries are used in products that do not require high power and have a limited lifespan.
According to the new market research report "Occupancy Sensor Market with COVID-19 Impact Analysis by Technology (PIR, Ultrasonic, Dual), Network Connectivity (Wired & Wireless), Coverage Area, Application, Building Type (Residential, Commercial) and Geography - Global Forecast to 2025", published by MarketsandMarkets™, the Occupancy Sensor Market is projected to grow from USD 1.9 billion in 2020 to USD 3.6 billion by 2025 at a CAGR of 13.3% during the forecast period.The increasing demand for energy-efficient devices and government policies towards energy saving are factors driving the growth of the global occupancy sensors market.Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3859894 Factors such as expected incorporation of lighting controllers with in-built data connectivity technology, promotion of green building by governments, and developments in vision-based intelligent occupancy sensor for HVAC system are expected to create growth opportunities for the market.Passive infrared-based occupancy sensors led the occupancy sensor market in 2019.Passive infrared-based sensors accounted for the largest share of the occupancy sensor market in 2019.The passive infrared-based sensors are ideal and the oldest among the occupancy detection and cheaper as compared with other sensors because of which their adoption is higher than other technologies.Passive infrared-based sensors are utilized widely in places where there are fewer hindrances and interruptions, such as small offices, corridors, and meeting.Moreover, leading players offering passive infrared-based occupancy sensors include Legrand (France), Schneider Electric (France), Johnson Controls (US), and Acuity Brands (US).Lighting system to account for the largest share of occupancy sensor market by 2025The lighting system application is expected to lead the occupancy sensors market by 2019.
The 5G fixed wireless access market is expected to grow from USD 396 million in 2019 to USD 46,366 million by 2026, at a CAGR of 97.47%.The growing demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption, increasing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT) millimeter-wave in 5G FWA are a few major factors driving the growth of the 5G FWA market.However, delay in making decisions related to the standardization of spectrum allocation, high infrastructural costs, and adverse impact on the environment are expected to limit the growth of this market.Download Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41266711By offering, services segment is expected to be largest contributor to 5G fixed wireless access market during forecast periodThe evolution of 5G is likely to take fixed wireless access services to a new level with the use of a wide range of radio spectrum owing to which consumers can achieve major capacity gains and low-latency connectivity.5G FWA is likely to enhance network performance capabilities and deliver high-speed network coverage compared to currently used connectivity networks.Already, in October 2018, Verizon launched 5G FWA services in 4 major cities in the US, namely, Houston, Indianapolis, Los Angeles, and Sacramento.The company is offering a 3-month free trial period before paying USD 70 per month (or USD 50 per month for existing Verizon customers) and the promise of no data caps.Initially for the first few years, this market will be majorly dominated by the semi-urban areas, post which we can see a larger impact of FWA in rural areas.
The consumer IoT market is estimated to be valued USD 46.8 billion by 2018 and is projected to reach USD 104.4 billion by 2023, at a CAGR of 17.39% during 2018–2023.The growth of the consumer IoT market can be attributed to the growing number of internet users and adoption of smart devices, increasing awareness about fitness and rise in disposable incomes in developing economies, consumer preference for increased convenience and better lifestyle, increasing significance of home monitoring from remote locations, and government regulations for security of IoT devices.Ask for PDF to Know More:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49972321The consumer IoT market is witnessing many technological advancements.The companies’ emphasis on launching comprehensive IoT solutions for their customers is likely to drive the consumer IoT market.For example, in February 2018, Qualcomm Technologies announced IoT development kits based on the QCA4020 and QCA4024 SoCs.The kits provide interoperability among diverse IoT devices including popular wireless standards, protocols and communication frameworks, and easy connectivity to various cloud and application services.The consumer IoT market for solutions is expected to grow at the fastest CAGR during the forecast period.The solution segment consists of software and platform.By implementing the IoT data management software, businesses are aiming to get a competitive edge with predictive analytics, as well as optimize their business operations.
According to the new market research report "Automotive TIC Market with COVID-19 impact by Service (Testing, Inspection, Certification), Sourcing, Application (Vehicle Inspection, Electrical & Components), and Geography; Periodic Technical Inspection Market by Region - Global Forecast to 2025", published by MarketsandMarkets™, the Automotive TIC Market is expected to grow from USD 16.5 billion in 2020 to USD 20.4 billion by 2025, at a CAGR of 4.3%.The growth of the automotive TIC market can be attributed to the increasing automobile production in emerging economies, growing inclination toward outsourcing TIC services, rising focus of governments to impose strict regulatory standards on the automotive industry, surging adoption of automotive electronics to maintain passenger and vehicle safety, augmenting awareness among consumers regarding product quality and safety, and increasing instances of vehicle recalls due to component failures.Used vehicle inspection is another innovative approach that can be employed if a vehicle is returned with damage beyond expectations (excessive wear and tear), which drastically impacts its resale value.It is verified by the Vehicle Inspection Management System (VIMS), which takes the entire inspection process into consideration and provides a detailed cost analysis of every fault in the car.In-house automotive TIC service market for electric vehicles, hybrid electric vehicles, and battery systems is expected to grow at highest CAGR during forecast periodIn automotive applications, in-house testing for electronic control units (ECUs) and other core components is done by automakers at their manufacturing facilities.They are collaborating with public bodies and organizations including customs, competition authorities, and industrial health and safety authorities for conducting activities related to quality control and assurance.The market for electric vehicles is rapidly growing owing to factors such as increasing urbanization, growing demand for global hybrid vehicles, rising car sales in emerging markets, surging demand for air-conditioning systems with improved efficiency, and declining battery prices.Electric and hybrid electric vehicles largely depend on their batteries, which act as energy storage systems.
These systems are also used for monitoring facilities or places from a distance.Rising government and stakeholder funding for evolving smart cities and employing city surveillance solutions, growing demand for VSaaS services, ongoing technological advancements in Big Data, IoT, and cloud-based services, and rising trends of artificial intelligence and deep learning for video surveillance systems will provide opportunities to players in the best video surveillance systems market during the forecast period.AI and deep learning are being adopted in various end-use applications such as crowd management, retail management, and license plate recognition, thus providing opportunities for the best video surveillance systems market.CATEGORIZATION OF VIDEO SURVEILLANCE SYSTEMS VENDORS ON 360QUADRANTS25 companies offering Best Video Surveillance Systems were analyzed and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.They have focused product portfolios, and an innovative business strategy that helps them to set new trends in the market.Qognify, Agent Video Intelligence, and iCetana have been identified as emerging companies as they have a niche product offering and a decent business strategy that helps them in growing consistently in the market.The 360Quadrants platform provides the most granular Video Surveillance System comparison between vendors.This helps service providers in learning about new opportunities and areas where they lag behind their peers.
According to the new market research report "Public Safety-LTE Market by Infrastructure (E-UTRAN, EPC), Service (Consulting, Integration), Deployment Model (Private, Commercial, Hybrid), Application (Law Enforcement & Border Control, Firefighting Services), End User, Region - Global Forecast to 2024", published by MarketsandMarkets™, the Public Safety-LTE Market is projected to grow from USD 4.7 billion by 2019 to USD 11.7 billion by 2024; it is expected to grow at a CAGR of 20.2% from 2019 to 2024.Ask for Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149438422 The PS-LTE market has enormous potential for growth across various applications such as law enforcement & border control, emergency medical services, firefighting services, and disaster management.Public safety-LTE, which integrates voice communication and data transfer abilities with robust purpose-built systems, devices, and control centers, helps police, military, and other security forces to work safely and smartly by assisting them in improving their real-time decision-making capabilities.Infrastructure segment to hold the largest size of the PS-LTE market from 2019 to 2024The infrastructure segment accounted for the largest share of the PS-LTE market in 2018.The dominance of the infrastructure segment can be attributed to new public safety projects being undertaken in Europe, especially in the UK, Finland, and France and in Asian countries such as South Korea and Japan.The end-use devices segment of the PS-LTE market for infrastructure is projected to grow at the highest CAGR during the forecast period.
The 3D machine vision market was valued at USD 1.5 billion in 2020 and is projected to reach USD 2.4 billion by 2025; it is expected to grow at a CAGR of 9.4% from 2020 to 2025.A growing number of companies are focusing on automation systems to reduce their production costs post-COVID-19.Changes related to high-quality standards have also led to the introduction of factory automation solutions, thereby increasing the demand for 3D machine vision systems and solutions in industries.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4125387Based on Offering, the hardware segment of the market it is expected to hold the largest share from 2020 to 2025.The 3D machine vision systems are gaining significant traction worldwide, owing to the less chances of quality errors and easy availability of comprehensive software solutions required for developing and deploying 3D machine vision systems.Based on products, the software machine vision market is expected to grow at the fastest rate during the forecast period.Also, deep learning-based machine vision software helps in minimizing human intervention and provide a real-time solution by distinguishing the acceptable variations in products and the defects in manufacturing industriesBased on application, the quality assurance & inspection to hold the largest market share in the 3D machine vision market during the forecast period.Another major driving factor for the market currently is the adoption of these kind of technologies by multiple pharmaceutical companies across the world to expedite quality checks and quality assurance during the COVID-19.
The global optical communication and networking equipment market size was valued at USD 18.9 billion in 2020 and is projected to reach USD 27.8 billion by 2025; it is growing at a CAGR of 8.0% from 2020 to 2025.Rising adoption of cloud-based services and virtualization services all over the world, increasing data traffic due to increased internet usage, and growing number of data centers are the factors driving the optical communication and networking equipment industry growth.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227693036WDM technology to dominate the Optical Communication and Networking Equipment MarketWDM technology-based optical communication and networking equipment accounted for the largest market share in 2019 The development of ROADM-based WDM networking solutions is one of the emerging trends in the global optical networking and communications market.Manufacturers are investing huge capital in building WDM ROADM-based optical equipment so that they can provide faster and higher transmission capacity networks to their customers.Therefore, WDM technology is expected to continue to hold the largest market share during the forecast period.The market of greater than 100 Gbps data rate to grow at highest CAGR during the forecast periodThe market for optical communication and networking equipment with greater than 100 Gbps data rate is projected to grow at the highest CAGR during the forecast period.With the rapid development of 5G and high-performance services brought by cloud networks, the demand for higher bandwidth devices with a data rate of greater than 100 Gbps is expected to grow during the forecast period.Optical communication and networking devices with greater than 100 Gbps data rates are designed for providing data security in high-capacity broadband networks, short-haul enterprise and campus networks, high-bandwidth connectivity for DCI and cloud computing, and metro and long-haul network applications up to 2,500 km.The optical communication and networking equipment market in APAC to grow at the highest CAGR during the forecast periodAPAC is projected to hold the largest share of the market, in terms of value, during the forecast period, Asia Pacific is a major hub for consumer electronics, automotive, and industrial verticals.
Schneider (France), Rockwell (US), and Yokogawa (Japan) are the leading players in the functional safety market.Functional safety covers the implementation of safety instrumented systems and related services to mitigate risks associated with a process in which components such as sensors, logic controls, and acting elements are used.Implementing functional safety ensures that safety critical control and protective systems are appropriately specified, designed, installed, and maintained.Safety devices such as sensors, programmable safety systems, and final elements are an integral part of safety instrumented systems and industrial control systems.The adoption of standards such as IEC 61508 and IEC 61511 has increased the dependency on functional safety systems to achieve the required risk reduction targets.IEC 61508 and IEC 61511 are performance-based standards that promote the concept of the functional safety lifecycle.Its strong position in various markets that gives it a competitive advantage.The ABB Group was founded in 1988 as a result of the merger between Asea AB (Sweden) and BBC Brown Boveri AG (Switzerland).
Hydraulic cylinders offer theadvantage of withstanding corrosive and abrasive environments, extreme temperatures and weatherchanges, and can be used continuously on a long run.These is expected to increase their preference in various end-use industries such as construction, mining, oil & gas, and automotive.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=252743122Several companies in the hydraulic cylinder market are continuously investing in R activities to developbetter and upgraded hydraulic cylinders, which would offer better solutions to their clients.Owing to thehigh competitiveness of the hydraulic cylinder market, companies need to upgrade their productsperiodically.This type of cylinders can be used vertically as well as horizontally as they have the mechanism to help the piston to expand and retract each time it pushes or needs to pull an object.Double-acting hydraulic cylinders have a higher demand in mobile applications such as forklifts, earth moving equipment, lifting equipment, and heavy trucks.Hydraulic cylinders with bore size
A WMS is a software application that helps manage operations in warehouses in the most efficient and productive manner.The rising use of WMS software is leading to an increasing need for services to ensure its smooth functioning.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41614951The market for on-cloud WMS is expected to grow at the highest rate during forecast period.The growing adoption of cloud services in the manufacturing and logistics industries, along with increased reliability of users on cloud companies, is fueling the adoption of on-cloud WMS software.The growth of basic (tier 3) warehouse management systems is driven by the increasing demand for basic warehouse management system solutions from small and midsized warehouse operators.Short delivery times, accurate order processing, advanced shipment tracking, and increasing number of online shoppers are some of the key factors boosting the adoption of warehouse management systems in this industry.The enforcement of social distancing, lockdown, and other measures in response to the COVID-19 pandemic has led consumers to engage in online shopping.
According to the new market research report "3D Machine Vision Market with COVID-19 impact Analysis by Offering (Hardware and Software), Product (PC-based and Smart Camera-based), Application, Vertical (Industrial and Non-Industrial) & Geography - Global Forecast till 2025", published by MarketsandMarkets™, the 3D Machine Vision Market was valued at USD 1.5 billion in 2019 and is projected to reach USD 2.4 billion by 2025; it is expected to grow at a CAGR of 9.4% from 2020 to 2025.Changes related to high-quality standards have also led to the introduction of factory automation solutions, thereby increasing the demand for 3D machine vision systems and solutions in industries.Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4125387 The major factors driving the growth of the 3D machine vision market include the integration of 3D vision systems with robot controllers, rising demand for 3D object analyses in manufacturing applications, and increasing demand for non-industrial 3D machine vision systems.Also, deep learning-based machine vision software helps in minimizing human intervention and provide a real-time solution by distinguishing the acceptable variations in products and the defects in manufacturing industries.The Smart camera-based systems is projected to grow at the highest CAGR from 2020 to 2025.The growth of the measurement segment can be attributed to the increased use of smart camera-based 3D machine vision systems for integrating programmable automation controllers with human-machine interfaces.These systems are specially made to replace PC systems that rely on separate cameras, frame grabbers, and software components, among others.These systems consist of an embedded controller with integrated vision software, which is directly connected to one or more cameras that may vary in image resolution and size and imaging rates.Quality Assurance and Inspection to hold the largest market share in the 3D machine vision market during the forecast periodThe key factors driving the growth of the industrial machine vision market for quality assurance and inspection applications include the increasing demand for quality products, growing manufacturing capacity, and shortage of skilled labor.In the semiconductor industry, 3D machine vision is used for inspecting the lead quality in leaded IC packages.Food and beverages industry to grow at the fastest rate in the 3D machine vision market during the forecast periodThe growth of this segment can be attributed to the increased use of 3D machine vision systems for checking the quality and dimensions of food; for instance, 3D machine vision systems are used to monitor the height of cookies on an assembly line.
According to the new market research report "Semiconductor Manufacturing Equipment Market with COVID-19 Impact Analysis by Front-end Equipment, Back-end Equipment, Fab Facility Equipment, Product Type, Dimension, Supply Chain Participant, Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Semiconductor Manufacturing Equipment Market will grow to USD 95.9 billion by 2025 (forecast year) from USD 62.4 billion in 2020 (estimated year), at a CAGR of 9.0% between 2020 to 2025.The key drivers fueling the growth of this market include the increasing investments in R facilities due to COVID-19 impact and increasing demand for electric and hybrid vehicles.Moreover, the growing consumer electronics market and increasing number of foundries due to COVID-19, trend of miniaturization and technology migration, and high demand for chips to provide computation power and connectivity for AI applications across the globe play a key role in driving the growth of the semiconductor manufacturing equipment market.Ask for PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263678841 The high demand for semiconductor devices has led to use of photolithography equipmentIn 2019, the lithography segment accounted for the largest share of the semiconductor manufacturing equipment market, by front-end equipment.The major reason for the largest size of the lithography equipment market is the high system cost, even though the shipment volume is comparatively small.The application of different semiconductor devices such as ICs and transistors in industries such as automotive, telecommunication, and consumer electronics has led to their increased demand.Memory segment is projected to grow at a higher CAGR from 2020 to 2025The memory segment of semiconductor manufacturing equipment market, by product type, is projected to grow at a higher CAGR during forecast period.New memory technologies such as magneto-resistive random access memory (MRAM) and resistive random access memory (ReRAM) are expected to replace traditional technologies.This shift in the memory market has demanded a change in the dynamics of manufacturing equipment, compelling semiconductor manufacturing equipment providers to develop more efficient designs for device manufacturers.
According to the new market research report "Hydraulic Cylinder Market with COVID-19 impact, by Function (Double-Acting, Single-Acting), Specification (Welded, Tie-Rod, Telescopic, Mill-Type), Application (Mobile and Industrial), Bore Size, Industry, and Region - Global Forecast to 2025", the global hydraulic cylinder market size is projected to reach USD 15.8 billion by 2025 from USD 13.4 billion in 2020 at a CAGR of 3.3%.Unlike single-acting cylinders, double-acting cylinders have two ports, i.e., the cap-end port and rod-end port, enabling them to operate hydraulically in forward as well as backward directions.They can be used vertically as well as horizontally as they have the mechanism to help the piston to expand and retract each time it pushes or needs to pull an object.To maintain stability, there are six stages.The retraction length of these cylinders is 20–40% of the fully extended length.Therefore, telescopic cylinders are ideal when mounting space is limited, and a long stroke is required.
According to the new market research report "Functional Safety Market, by Offering [Component (Safety Sensor, Programmable Safety System, Final Control Element), Services], System (ESD, TMC, F, HIPPS, BMS), Industry (Oil & Gas, Chemicals, Power Generation), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Functional Safety Market was worth USD 4.4 billion in 2020 and is projected to reach USD 5.3 billion by 2025, at a CAGR of 3.8%.The major factors fueling the growth include strict mandates for safety regulations, surging demand for safety systems in the oil & gas industry, high requirement for reliable safety systems to ensure personnel and asset protection, rise in industrial revolution 4.0 and Fiscal policy steps taken by regional financial institutions to keep manufacturing facilities floating amidst COVID-19 crisis.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146773188 Safety sensors to lead functional safety market by 2025The rising demand for functional safety-certified sensors in process industries and the increasing implementation of regulatory measures pertaining to functional safety by several governments are the key factors driving the growth of the market.Moreover, sensors used in a safety system are developed and designed to ensure safe, logic-based outputs in case a measurement or signal transmission does not occur.Safety sensors are used in automatic safety barriers, edges, electronic safety sensors, emergency stops (e-stops), palm buttons, safety controls, laser scanners, light curtains, mats, optoelectronic devices (single and multi-beam), and two-hand safety controls.Emergency shutdown systems to hold largest share of functional safety market during forecast periodThe rising demand for functional safety-certified ESD systems in several industries and the increasing implementation of functional safety measures by several governments are the key factors driving the growth of the market for ESD systems.Oil & gas plants are prone to incidents that can adversely affect people and the environment.ESD systems are widely used in petrochemicals, pharmaceuticals, manufacturing, power, and healthcare industries.Browse in-depth TOC on "Functional Safety Market" 335 – Tables 43 – Figures 292 – PagesRequest More Details:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=146773188Europe to be largest market for functional safety systems during forecast periodThe increasing adoption of functional safety solutions to comply with these standards and workplace safety regulations is driving the growth of the market in this region.
According to the new market research report "Industrial Ethernet Market by Offering (Hardware, Software, and Services), Protocol (EtherNet/IP, PROFINET, Modbus TCP, POWERLINK, CC-Link IE, EtherCAT, and Sercos III), End-User Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow at a CAGR of 16.8% between 2016 and 2022, from USD 19.43 Billion in 2015 to USD 59.20 Billion by 2022.Browse 43 market data Tables and 80 Figures spread through 161 Pages and in-depth TOC on "Industrial Ethernet Market"Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198318524The industrial Ethernet market has a huge potential across electronics and automotive applications.The major factor driving the industrial Ethernet market across the world is the rising demand for industrial automation and growing adoption of Industrial Revolution 4.0.The market for the water and wastewater industry is expected to grow at the highest rate between 2016 and 2022 The market for the water and wastewater industry is expected to grow at the highest rate between 2016 and 2022.Water level monitoring sensors, AC drives, and controllers are crucial components of a water treatment system and industrial Ethernet is used to integrate and communicate between these devices.All these factors are expected to boost the growth of industrial Ethernet in the water and wastewater industry during the forecast period.The market for PROFINET protocol is expected to grow at the highest rate between 2016 and 2022 The market for PROFINET protocol is expected to grow at the highest rate.PROFINET also offers a real-time solution and an isochronous real-time (IRT) system.PROFINET is the most popular automation network currently available.
According to the new market research report "Warehouse Management System Market with COVID-19 Impact Analysis by Offering (Software, Services), Deployment (On-Premise, On-Cloud), Tier Type (Advanced, Intermediate, Basic), Industry (3PL, Automotive, E-Commerce), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Warehouse Management System (WMS) Market is likely to reach USD 5.1 billion by 2025 from USD 2.4 billion in 2020, at a CAGR of 16.0% from 2020 to 2025.The growth of this market can be attributed to the increasing growth in e-commerce industry due to onset of COVID-19 pandemic, emergence of multi-channel distribution networks, globalization of supply chain networks, increasing adoption of on-cloud WMS solutions, and need for efficient forecasting models.Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41614951 On-premise deployment to lead the WMS market from 2020 to 2025On-premise deployment is expected to hold the largest share of the WMS market in 2020.Increasing awareness about WMS software among small and midsized enterprises (SMEs), globalization of supply chain networks, and growing share of cloud-based WMS software solutions are the key factors boosting the demand for WMS software.These warehouse management systems offer benefits such as efficient handling of complex warehouse and distribution network, high scalability, and quick processing of large volumes of data generated through warehousing and logistics operations.These factors are driving the growth of the market for advanced (tier 1) warehouse management systems.3PL industry to lead WMS market from 2020 to 2025The 3PL industry is one of the major industries driving the growth of the WMS market.Factors such as the growing need for efficient order management, increased outsourcing of logistics and transportation operations, and globalization of supply chain networks have fueled the adoption of warehouse management systems in the 3PL industry.Processes have become more dynamic than before, while companies are focusing on the fulfillment of critical tasks.
The smart card market was valued at USD 13.18 billion in 2017 and is expected to reach USD 21.57 billion by 2023, at a CAGR of 8.7% during the forecast period.Smart Card Market by Component, the software segment is expected to grow at the highest growth rate during the forecast periodThe smart card market for software was valued at USD 1,891.9 million in 2017 and is expected to reach USD 3,604.2 million by 2023, at the highest CAGR of 11.5% between 2018 and 2023.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=285 Smart Card Market by Application, BFSI accounted for the largest share during the forecast period BFSI applications accounted for the largest share of 44.8% the smart card market in 2017.Asia Pacific is the largest and fastest-growing market because of the fact that several countries in the region are likely to adopt smart card solutions owing to the increasing demand specifically in the transportation, BFSI, retail, government, and healthcare sectors.Market Dynamics: Smart Card MarketOpportunity: Blockchain technology enhancing security featuresBlockchain can be used to generate and store cryptographic keys in smart cards; this would help users authenticate financial transactions by swiping smart cards.A smart card acts as a vault where the cryptographic key can be stored.MarketsandMarkets believes that the use of blockchain technology by smart card providers will increase in the coming years.
The robot end-effector market is expected to grow from USD 2.6 billion in 2019 to USD 5.7 billion by 2024, at a CAGR of 16.9% during the forecast period.Apart from this, growing awareness about benefits and features of collaborative robots (cobots) is also a key factor fueling the market growth.Additive manufacturing allows low-volume, customized parts to be fabricated at a lower cost.Parts such as gripper fingers and mounting interfaces can be custom-made, and lead times can be drastically reduced when compared to machined parts.The growing adoption of industrial robots in food & beverages, plastics, rubber, and chemicals industries for automatization of the processing task is the key factor expected to propel the growth of the robot end-effector market for processing application during the forecast period.Hence, along with handling function, players may consider catering to this application for gathering high revenues and strengthening their position in the robot end-effector market.