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Monday, September 13, 2021

Millimeter Wave Technology Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027

Overview

The millimeter wave technology market is set to grow at a CAGR of 35.64% during the forecast period 2020 to 2027. As per the market research report, the market will hit US$4364.9 million in terms of valuation by the end of 2027. The market growth will be driven by the increasing demand in radar and security applications. Based on the research report, the evolution of 5G in mobile broadband services will accelerate growth in the market till 2027. Although delays in the standardization of spectrum will have a negative impact on the global millimeter wave technology market’s growth during this period.

The high cost associated with services is predicted to be a key challenge which could become a strong threat from 2020 to 2027 to companies. The market report published by expert analysts includes primary and secondary data and suggests that product type, frequency, end-users, license type, and component segments are anticipated to witness tremendous growth till 2027. Factors such as IoT applications will become key growth drivers during the forecast period and rapid urbanization is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the demand for highly skilled professionals which could negatively affect activities taking place across the market. The lack of developed infrastructure is another challenge the market could face till 2027.

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Market Segmentation

The millimeter wave technology market is segregated into different market segments based on product type, frequency, end-users, license type, and component. For a comprehensive analysis of the market, the product type, frequency, end-users, license type, and component segments are further split into smaller segments. The product type segment is categorized into radar communication system, satellite communication system, telecommunication equipment. Furthermore, based on components, the global market is also segmented into antennas and waveguide components, radio and RF components, sensors and controls, frequency meters, networking and communication components, imaging components, transceivers. Based on the market segmentation analysis, the report covers market forecasts. On the basis of license type, the global millimeter wave technology market is split into sub segments including light licensed frequency, unlicensed frequency, fully licensed frequency. The frequency segment is categorized into band between 30 GHz and 57 GHz, band between 57 GHz and 96 GHz, band between 96 GHz and 300 GHz. Furthermore, based on end-users, the global market is also segmented into IT & telecommunication, automotive & aerospace, healthcare, consumer & commercial, government & defense.

The proliferation of the technology in consumer electronics will support the market growth from 2020 to 2027. As per the market research report, the global millimeter wave technology market is anticipated to grow at a healthy rate across all the product type, frequency, end-users, license type, and component segments. However, the presence of active threats such as the lack of effective communication could hamper the market growth. Business activities across semiconductors have also been examined and studied by semiconductors industry’s experienced analysts. The millimeter wave technology market research report covers findings with predictions and forecasts till 2027.

Regional Overview

The millimeter wave technology market, with its product and service related segments, is spread across the world. Semiconductors based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. Technological advances are anticipated to be a major factor for growth across the semiconductors space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The semiconductors sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Semiconductors based businesses in these regional markets are anticipated to grow due to the growth of communication channels during the forecast period 2020 to 2027. Although the market’s growth could be affected by low research and development budgets. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape

Semiconductors based organizations are profiled in the market research report. The millimeter wave technology market along with companies and segments have been studied. The analysis of semiconductors based business is also done to identify key challenges and strengths of these companies. The global millimeter wave technology market research report covers SWOT analysis, Porter’s Five Force analysis of major semiconductors related organizations. The strategy and other key details of these companies for the forecast period 2020 to 2027 are covered in the report. The rising demand from different industry verticals is anticipated to support the market growth as the market is set to grow at a CAGR of 35.64% and reach a value of US$4364.9 million by 2027.

Industry News

IBM's Haifa, Israel development group has designed millimeter - wave technology, which ON Semiconductor Corporation is purchasing and licensing. The technology can be used by ON Semiconductor in automotive radar applications. Workers, infrastructure, testing facilities, and intellectual property will be used to establish a new design centre for ON Semiconductor in Haifa. The Image Sensor Group's industrial technologies unit will oversee the hub. ON Semiconductor will be able to further counter the growing trend of sensor fusion, in which various sensing systems are combined to increase precision and safety in automobiles, thanks to the convergence of radar and sensor systems.

Access Report Details @ https://www.marketresearchfuture.com/reports/millimeter-wave-technology-market-3908

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

https://www.spoke.com/topics/smart-city-market-trends-size-strategy-applications-analysis-and-growth-by-forecast-to-2027-6138b31c2c53a7d9ca03b010

https://www.techsite.io/p/2563840

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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CNC Controller Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast To 2027

Market Overview

The CNC controller market will witness a healthy growth from 2020 to 2027, a research report suggests. Growing at a CAGR of 6%, the market is projected to reach US$3.8 billion by 2027. The growth of cloud computing and manufacturing technology is expected to support the market growth along with emerging technologies like the Internet of Things (IoT). As predicted by analysts, high deployment and maintenance costs will negatively affect the market’s performance from 2020 to 2027.

During the forecast period, the market will be supported by the increased demand for automation and the increased demand for mass production. The demand for highly skilled professionals on the other hand will challenge electronics based organizations functioning in the global CNC controller market. Analysts have split the market into product, application, axis-type, component, end-user, and region segments based on products and services. Electronics based companies have been profiled.

The shifting consumer preference for alternative solutions is set to affect the global market during the forecast period 2020 to 2027. The report also provides the market’s performance forecasts till 2027. Analysts have studied the strategy of electronics based organizations to help new entrants and established businesses. The electronics sector itself is supported by mass production on a commercial scale as well as reduction in the cost of the manufacturing process. During the forecast period 2020 to 2027, the CNC controller market is set to witness a health growth across product, application, axis-type, component, end-user, and region segments as well as regional markets.

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Market Segmentation

The electronics sector has seen growth across product, application, axis-type,component,end-user, and region segments owing to waste minimization by precise manufacturing and quality and precision. To study the market, analysts have further segmented product, application, axis-type, component, end-user, and region into product on the basis of microcontroller-based, DSP-based, motion control chip-based, and others. The market is further segmented into components which are split into power supply units, software, cabling, circuitry protection system, motor driver, and others. Additionally, the CNC controller market on the basis of axis type is segmented into two-axis, three-axis, four-axis, five-axis, and multi-axis. The market is further segmented into applications which are split into closed-loop control CNC machine tool, open-loop control CNC machine tool, and semi-closed loop control CNC machine tool. Additionally, the market on the basis of end-user is segmented into aerospace, automobile, defense, electronics, metal, mining, and healthcare.

The segmental analysis presented in the report provides electronics based organizations insights into key growth factors such as increasing investments in technological developments as well as challenges such as the lack of a developed infrastructure the market will face from 2020 to 2027. High demand from automotive and defense sectors and adoption of industrial automation are some of the key factors having an influence on electronics based companies, suggest analysts as per the CNC controller market report. But the report also identifies the high product cost and high deployment and maintenance costs as major threats companies in electronics will face till 2027.

Regional Overview

Electronics based companies in the CNC controller market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The substantial presence of the electronics industry will be a key growth driver for regional markets. However, supply chain related problems will turn out to be a threat. For the forecast period 2020 to 2027

each of these regional markets are studied in the report. Starting from North America, the regional market and electronics based companies are spread across the United States, Canada, and Mexico. Unstable raw material prices will turn out to be a major challenge from 2020 to 2027. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the growing manufacturing industry as well as rising demand from the automotive industry, suggests the report. Similarly, the electronics sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the CNC controller market covers the Middle East and Africa. Forecast based on the reports findings are presented for the forecast period till 2027.

Competitive Landscape

The global CNC controller market research report brings a comprehensive study of product, application, axis-type, component, end-user, and region market segments, regional analysis, and electronics based company details of key players. As the forecast period 2020 to 2027 will bring new opportunities for the market owing to the increasing trend of industrial automation and rapid urbanization, the market is set to grow at a compound annual growth rate of 6% and is predicted to reach a value of US$3.8 billion by 2027. With SWOT analysis of electronics based companies and Porter’s Five Force model analysis based findings, keeping the high product and maintenance cost and concerns regarding high cost challenges in mind, companies in the electronics sector can change the way business is done.

Industry News

Victor Technologies has purchased the whole capital stock of Robotronic Oy, the parent company of ProMotion Controls, Inc., a manufacturer of CNC controllers for shape-cutting machines. According to Victor Technologies, the acquisition would allow the company to provide end users with fully integrated automated plasma cutting solutions that will boost productivity. For new and retrofit cutting systems which use plasma or router technologies, ProMotion Controls specialises in PC-based shape-cutting controls, nesting applications, torch height controls, and related products.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/cnc-controller-market-3839

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

https://www.techsite.io/p/2563862

https://freepressreleasedb.com/pr/Smart-City-Market-Trends-Size-Strategy-Applications-Analysis-and-Growth-by-Forecast-to-2027-PR192998/

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Wireless Charging Market Outlook and Future Scope Analysis and Forecast Till 2027

Wireless Charging Global Market- Overview

Wireless Charging market is still in the growth phase and new applications are coming in the picture every day. For the purpose of this report, Market Research Future has bifurcated the application segment into consumer electronics, Industrial, Infrastructure, and Automotive among others. Consumer electronics segment accounts for the largest market share in the year 2020. High demand for the consumer electronic products such as smartphones, tablets, wearable devices among others are the major driving factor for the growth of the consumer electronics segment. Smartphones segment accounts for highest market share in the year 2020. Increasing disposable income around the world is leading to the high expenditure on the electronic products which includes purchase of smartphones and wearable devices. Growing demand of smartphones around the world, especially in Asia Pacific is one of the major driving facto which is supporting the market of smartphone wireless charging.

The Global Wireless Charging market is expected to get high growth in coming years. Huge demand of smartphones, developing market for electric vehicles, growth in semiconductor industry, and developing market of IoT are some factors driving the market growth during forecast period 2020-2027. However, high cost and compatibility issues are some of the factors hampering the market growth.

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Key Players:

Samsung Electronics Co Ltd. (South Korea), Texas Instruments Inc. (U.S.), NXP Semiconductors (Netherlands), Qualcomm Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Powermat Technologies Ltd (Israel), WiTricity Corporation (U.S.), PowerbyProxi (New Zealand), TDK Corporation (Japan), and Convenient Power HK Limited (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Wireless Charging Market.

Industry News

December 2017 – PESI, a South Korean designer studio, has introduced a range of furniture and homeware products integrated with wireless charging supported by electromagnetic induction technology. These products are available in two forms namely composition and on the surface. On the surface products includes flat wireless charging surface and desktop items such as container, clock, mirror, and speakers. Whereas, composition products includes wireless charging surface which can be customize with wood and acrylic elements.

December 2017 - Dan Bus Company, an Israel transit service company, has announced of investing around USD 2.2 million in wireless technology to deploy electric power sources on the regular roads of the country. These electric roads would be capable of providing power to vehicles from the road using conduction coils which provide charging power through magnetic induction.

October 2017 – PowerSphyr, a global provider of wireless power technology products and solutions, acquired Gill Electronics, a wireless power & charging device designer. Gill Electronics is one of the prominent manufacturer of resonant magnetic systems deployed with Airfuel, and FCC approved products. With this acquisition, the PowerSphyr is expected to produce wireless charging solutions enabled with resonant magnetic solutions.

Wireless Charging Global Market- Competitive Analysis

Wireless Charging market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. Samsung Electronics, TDK Corporation, Qualcomm Inc., Texas Instrument Inc., and Integrated Device Technology Inc. are some of the companies leading the wireless charging market globally. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Wireless Charging Global Market- Segmentation

The Wireless Charging Market can be classified into 4 key segments as follows:

Segmentation by Technology: Inductive Coupling and Capacitive Coupling

Segmentation by Components: Transmitters and Receivers

Segmentation by Application: Consumer Electronics (Smartphones, Tablets, Wearable Device), Industrial, Infrastructure, and Automotive.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Wireless Charging Global Market- Regional Analysis

Asia Pacific is dominating the market of wireless charging due to advancement and high demand for consumer electronic products such as Smartphones, Tablets and wearable devices. Asia Pacific accounts for more than 35% of global population and most of the Asian countries are still in development phase creating high demand for the electronic equipment’s. China and Japan are supporting the supply of wireless charging solution whereas countries these countries are also making huge consumption of these products along with India, South Korea and Taiwan. North America followed by Europe has expected to hold second and third position respectively in the global wireless charging market.

Browse Full Report @ https://www.marketresearchfuture.com/reports/wireless-charging-market-2744

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

Read More

https://www.techsite.io/p/2563873

https://freepressreleasedb.com/pr/Precision-Farming-market-Global-Trends-Size-Shares-Strategy-Applications-Analysis-and-Growth-by-Forecast-to-2027-PR193001/

https://www.articletrunk.com/precision-farming-market-global-trends-size-shares-strategy-applications-analysis-and-growth-by-forecast-to-2027/

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AFIS Market Competitive Dynamics, Size, Share and Global Outlook by forecast 2027

Market Overview:

The AFIS (automated fingerprint identification system) market will witness a healthy growth from 2020 to 2026, a research report suggests. Growing at a CAGR of 23.8%, the market is projected to reach USD 33,395.2 million by 2026. Growing online & offline payment security concerns is expected to support the market growth along with payment security concerns. As predicted by analysts, the AFIS industry lacking significant breakthroughs will negatively affect the market’s performance from 2020 to 2026. During the forecast period, the market will be supported by the growth of fraud prevention, ID registries technologies and the growing need for electronic voter registration and election management.

The lack of substantial technology breakthroughs on the other hand will challenge access control systems based organizations functioning in the global AFIS (automated fingerprint identification system) market. Analysts have split the market into components, end-users, regions, and type segments based on products and services access control systems based companies have been profiled. The shortage of professional services is set to affect the global market during the forecast period 2020 to 2026. The report also provides the market’s performance forecasts till 2026. Analysts have studied the strategy of access control systems based organizations to help new entrants and established businesses.

The access control systems sector itself is supported by the high penetration of the internet as well as the need for AFIS as biometric identification for authentication purposes. During the forecast period 2020 to 2026, the AFIS (automated fingerprint identification system) market is set to witness a health growth across components, end-users, regions, and type segments as well as regional markets.

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Market Segmentation:

The access control systems sector has seen growth across components, end-users, regions, and type segments owing to advances in integrated automated fingerprint identification systems and rapid growth in telecom. To study the market, analysts have further segmented components, end-users, regions, and type into components on the basis of hardware and software. The market is further segmented into end-users which is split into BFSI, education, government, healthcare, hospitality, retail, transportation, and others. Additionally, the AFIS market on the basis of type is segmented into latent searches and ten-print searches.

The segmental analysis presented in the report provides access control systems based organizations insights into key growth factors such as the rise in border management activities as well as challenges such as the lack of skilled human resource the market will face from 2020 to 2026. Wide adoption of AFIS technology and augmented demand for AFIS across government sectors are some of the key factors having an influence on access control systems based companies, suggest analysts as per the AFIS (automated fingerprint identification system) market report. But the report also identifies the demand for highly skilled professionals and the growing penetration of alternatives in the market as major threats companies in access control systems will face till 2026.

Regional Overview:

Access control systems based companies in the AFIS (automated fingerprint identification system) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Spurting digitization and the usage of the internet will be a key growth driver for regional markets. However, the high product and maintenance cost will turn out to be a threat. For the forecast period 2020 to 2026 Each of these regional markets are studied in the report. Starting from North America, the regional market and access control systems based companies are spread across the United States, Canada, and Mexico. Dynamic policies and regulations will turn out to be a major challenge from 2020 to 2026. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the rising security concerns in banking activities as well as the wide penetration of smart phones, suggests the report. Similarly, the access control systems sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the AFIS (automated fingerprint identification system) market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2026.

Competitive Landscape:

The global AFIS (automated fingerprint identification system) market research report brings a comprehensive study of components, end-users, regions, and type market segments, regional analysis, and access control systems based company details of key players. As the forecast period 2020 to 2026 will bring new opportunities for the market owing to the presence of untapped market opportunities and growing investments across different sectors, the market is set to grow at a compound annual growth rate of 23.8% and is predicted to reach a value of US$33,395.2 million by 2026. With SWOT analysis of access control systems based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of effective communication and supply and demand gap, companies in the access control systems sector can change the way business is done.

Industry News:

The acquisition broadens Bosch Security Systems' product range and regional reach in Canada, the United Kingdom, and the United States. Extreme CCTV Inc. and Robert Bosch GmbH, Stuttgart, Germany, recently announced that they have reached a binding deal in which Bosch will pay C$5.00 per share in cash for all remaining shares of Extreme common stock, for a total purchasing price of approximately C$93 million. The purchase price is about 30% higher than Extreme's 30-day average price. Extreme will become part of Bosch's Security Systems business after the sale is completed.

Browse Full Report Details @ https://www.marketresearchfuture.com/press-release/automated-fingerprint-identification-system-market

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

https://www.articletrunk.com/smart-card-market-challenges-size-growth-key-vendors-drivers-trends-and-forecast-to-2027/

https://www.spoke.com/topics/smart-card-market-challenges-size-growth-key-vendors-drivers-trends-and-forecast-to-2027-6138b4f62c53a7d9ca03b2b0

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Smart Factory market Business Overview, Challenges, Opportunities, Trends and Market Analysis and Forecast To 2027

Market Overview

The inclusion of robots to reduce the strain of manual labor on humans is expected to incentivize the growth of the smart factory in 2020. The semiconductor and electronics industry reports are produced by Market Research Future, which highlights market options for expansion. An 11.7% CAGR is predicted to provide the impetus for market growth in the forecast period.

The progress in the sensor technologies is estimated to open up new areas for the expansion of the smart factory market. The improvement in the adoption of robots in industries is expected further to stimulate the progress of the smart factory market. The attractiveness of the internet of things (IoT) is predicted to unlock favorable growth opportunities in the market.

Segmental Analysis

The segmental investigation of the smart factory market has been conducted on the basis of connectivity, services, industry vertical, component, and region. On the basis of services, the smart factory market is segmented into managed & professional services. Based on the industry vertical, the smart factory market is segmented into aerospace & defense, chemicals, automotive, oil & gas, electronics & semiconductor, healthcare and pharmaceutical, and others. Based on the components, the smart factory market is segmented into hardware and software. On the basis of the connectivity, the smart factory market is segmented into wireless connectivity and wired connectivity. Based on the regions, the smart factory market is segmented into the Middle East & Africa, Asia-Pacific, North America, South America, and Europe.

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Detailed Regional Analysis

The regional analysis of the smart factory market encompasses regions such as the Middle East & Africa, Asia-Pacific, North America, South America, and Europe. The North American region directed the smart factory market in the year 2017, while the Asia-Pacific region is likely to be the fastest increasing region in the smart factory market throughout the forecast period. The European region is anticipated to be at the next position for the smart factory market in terms of market share in the year 2017. The North American region guides the market due to the existence of the international corporations funding the R&D for the industrial Internet of Things (IIoT), industrial automation, and cloud technology.

Competitive Analysis

The establishment of a definite competitive advantage is estimated to spur market development in the forecast period. The inducements offered by the government are expected to display a positive influence on the overall market development in the impending period. The reinvention of the supply chains by integrating robust technology in them is estimated to spur the advance of the market in the approaching period. The state of technological development is estimated to be staggered as the development of the global market is at a relative standstill. The effect of unpredictable events has created substantial barriers that will have to suitably addressed and overcome to achieve normalcy in the global market. The need to invest in building a robust consumer base is estimated to rank on the top priorities of market leaders for the upcoming period. The weakening of trade channels is projected to present new challenges that have to be overcome expediently in the coming years. The regulations in various regions can be relied upon to rebuild market clout gradually in the future.

The central contenders in the smart factory market are ABB Ltd, Rockwell Automation, Emerson Electric Co., Honeywell International Inc., Robert Bosch GmbH, FANUC Corporation, Mitsubishi Electric Corporation, General Electric Company (GE), Johnson Controls International PLC, Schneider Electric, Siemens AG, Yokogawa Electric Corporation, Atos SE, Cognex Corporation and Ubisense to name a few.

Industry Updates:

April 2020 HGZN has collaborated with Hyundai Robotics to get on a project to create a smart factory to produce robots in China. The groundbreaking ceremony for the HGZN’s Intelligent Robot Industrialization Project was conducted lately at the economic development zone in Haining. With a well-built industrial city as its objective, HGZN is concentrating on the smart robot industrialization development.

Access Report Details @ https://www.marketresearchfuture.com/reports/smart-factory-market-2317

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

https://www.spoke.com/topics/physical-security-market-challenges-size-growth-key-vendors-drivers-trends-and-forecast-to-2027-6138b63830b30b04b003451f

https://www.techsite.io/p/2563888

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SCADA Market Segmented By Application and Geography Trends, Growth and Forecast To 2027

SCADA Global Market – Overview

SCADA is an automation system that helps to acquire data from remote devices by using transmitters, pumps which is installed in the field. It provides remote control and also helps to operate the devices. Exploration of new oil and gas fields and low operational cost are the key factors that have led to a spur in the market of SCADA system. Moreover, Factors such as graphic display, trending, alarm, and data storing features are driving the market. Huge potential from renewable energy sector, high investments in infrastructure are some of the factors which are booming the SCADA market. Additionally demand for reliable power distribution and transmission among different industries, rising demand for SCADA systems in oil & gas industry in emerging markets for efficient oil extraction are likely to accelerate the growth of supervisory control and data acquisition market during the forecast period. As per the study conducted by Market Research Future, the global market for SCADA systems is likely to grow at the CAGR of around 6.5%.

SCADA (Supervisory Control and Data Acquisition) is an automated tool which can administer, analyze, assemble data and generate reports. The global SCADA market is estimated to witness significant growth during the forecast period, owing to growing demand for safety, minimize distribution & transmission loss, and also due to deployment of SCADA data into cloud and incorporation with corporate IT. The increase in end-user industry applications is also expected to boost the growth; however, factors such as increasing cyber-attacks, administration issue with the data generated are likely to hamper the market growth.

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Lack of awareness of the IT trends is a chief limitation for deploying the SCADA system. However, recent product advances can embed easily with the smart-phone and deliver ease of access to all employees working, numerous players are stepping in the SCADA market with the advanced and innovative products variants. It is predicted by the major players in the industry that no such substitute of this technology is expected to come in the market in coming decade. The opportunities in the SCADA market will be due to automation and Internet of Things (IoT) technologies for retail sector.

Regional Analysis

Geographically, the global SCADA market has been divided into North America, Europe, Asia Pacific and Rest of the World. Among these regions, North America is dominating the SCADA market due to the presence of global players. U.S holds largest share in the North American region. The major factors such as investments in oil & gas industry as well as high consumption in the power industry are driving the SCADA market in this region. Moreover, large financial and technological investments for reliable and improvised power management system are also driving the demand in the SCADA market. Asia Pacific is the second largest market mainly due to significant infrastructural activities in recent times. Additionally increasing demand in the power generation industry in these regions is expected to drives the market.

Industry News

In December, 2017 – ABB has been named as the global market leader in SCADA (supervisory control and data acquisition) systems for the power transmission and distribution sector by ARC Advisory Group, a leading technology research and advisory firm

In June, 2016 – Honeywell (NYSE: HON) Process Solutions (HPS) announced the launch of Experion Elevate, a real-time process supervisory control and data acquisition (SCADA) solution delivered as a secure and scalable service.

In January, 2017 – Major infrastructure project takes advantage of advanced SCADA solution designed and delivered by multinational Rockwell Automation Global Solutions team and local systems integrator to supply Amman with fresh water.

In July, 2016 – ABB has signed contracts with the Vietnamese power company Central Power Corporation (CPC) for the supply of SCADA/DMS (Supervisory, Control and Data Acquisition/Distribution Management System) software to Pleiku and Tam Ky in Central Vietnam. The solutions will help improve power supplies for the approximately 250,000 inhabitants of these cities.

SCADA Global Market – Segmentation

The scope of global SCADA systems market is segmented into two major segments which are explained below:

By Technology

PLC
RTU
Communication System

By Application

Oil & Gas
Transport
Manufacturing
Others

SCADA Global Market - Competitive Analysis

The global market for SCADA systems is one of the most technological advance market. To maintain the market position and to drive the market growth, all the major players continuously strive for technological development in their SCADA systems. Market leaders are rigorously involved in R&D activities, so as to develop feasible product, which fulfils all the client requirement over their automations requirement at all level of end user applications.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

https://www.techsite.io/p/2566770

https://freepressreleasedb.com/pr/Physical-Security-Market-Challenges-Size-Growth-Key-Vendors-Drivers-Trends-and-Forecast-to-2027-PR193007/

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Cold chain monitoring Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2027

Overview

The cold chain monitoring market is set to grow at a CAGR of 9.6% during the forecast period 2020 to 2027. As per the market research report, the market will hit US$7158.8 million in terms of valuation by the end of 2027. The market growth will be driven by growing demand for refrigeration in the pharmaceutical and F&B industry. Based on the research report, the surging need for refrigeration in the pharmaceutical (healthcare) and food & beverage industry will accelerate growth in the market till 2027. Although strict regulations concerning the storage will have a negative impact on the global cold chain monitoring market’s growth during this period.

Monitoring and installation issues will likely become a threat. The cold chain monitoring market report published by expert analysts includes primary and secondary data and suggests that logistics, application, and components segments are anticipated to witness tremendous growth till 2027. Factors such as maintaining a secure cold chain for vaccines will be major growth factors during the forecast period and demand for unfailing controlled room temperature solutions is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by environmental concerns which could negatively affect activities taking place across the market. Environmental concerns like the emission of greenhouse gases is another challenge the market could face till 2027.

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Market Segmentation

The cold chain monitoring market is segregated into different market segments based on logistics, application, and components. For a comprehensive analysis of the market, the logistics, application, and components segments are further split into smaller segments. The logistics segment is categorized into hardware, software, and services. Furthermore, based on application, the global market is also segmented into pharmaceuticals & healthcare, food & beverages, and chemicals. Based on the market segmentation analysis, the report covers market forecasts. On the basis of components, the global market is split into sub segments including warehousing, and transportation.

Constant investments being made by government agencies will support the market growth from 2020 to 2027. As per the market research report, the global market for cold chain monitoring is anticipated to grow at a healthy rate across all the logistics, application, and components segments. However, the presence of active threats such as high implementation cost could hamper the market growth. Business activities across the supply chain have also been examined and studied by supply chain industry’s experienced analysts. The cold chain monitoring market research report covers findings with predictions and forecasts till 2027.

Regional Overview

The cold chain monitoring market, with its segments, is present in different parts of the world. Supply chain based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. Emphasis made by the government to improve the efficiency of supply chains is anticipated to be a major factor for growth across the supply chain space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The supply chain sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. supply chain based businesses in these regional markets are anticipated to grow due to strict regulations regarding shipment of pharmaceutical products during the forecast period 2020 to 2027. Although the market’s growth could be affected by supply and demand gaps. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape

Supply chain based organizations are profiled in the market research report. The cold chain monitoring market along with companies and segments have been studied. The analysis of supply chain based business is also done to identify key challenges and strengths of these companies. The global cold chain monitoring market research report covers SWOT analysis, Porter’s Five Force analysis of major supply chain related organizations. The strategy and other key details of these companies for the forecast period 2020 to 2027 are covered in the report. Rapid urbanization and rising awareness about quality foods is anticipated to support the market growth as the market is set to grow at a CAGR of 9.6% and reach a value of US$7158.8 million by 2027.

Industry News

Lineage Logistics LLC, a fast-growing cold storage company, announced today that it has purchased a cold chain rail operator in order to build a "seamlessly optimized" supply chain solution for its food and beverage customers. Lineage headquartered in Novi, Michigan, acquired Cryo-Trans, the largest private fleet of cold chain railcars in North America. Over 2,200 refrigerated and insulated railcars are owned by the Maryland-based company, which handles over 40,000 annual rail shipments. Cryo-Trans' rail management software also allows for real-time monitoring, tracing, and expediting of rail shipments.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

Read More

https://www.techsite.io/p/2566792

https://freepressreleasedb.com/pr/Speech-Recognition-Market-Global-Trends-Size-Shares-Strategy-Applications-Analysis-and-Growth-by-Forecast-to-2027-PR193173/

https://www.articletrunk.com/speech-recognition-market-global-trends-size-shares-strategy-applications-analysis-and-growth-by-forecast-to-2027/

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