The DAS market is dominated by the Americas, with North America contributing to the majority share of the market compared to South America. In North America, the US is a key market for DAS systems, accounting for the largest share in the region during the forecast period. According to the US Energy Information Administration (EIA), the US ranked first in oil & gas production. Canada is the second-largest market for DAS systems in North America and according to the EIA, Canada ranked fifth in terms of oil & gas production in 2019. South America has some of the world’s largest oil & gas reserves located in Argentina and Venezuela. In South America, state-owned companies oversee the majority of oil & gas production in their respective countries. Hence, the Americas is expected to hold the largest market for DAS systems. At present, due to the North American region being most affected owing to the COVID-19 pandemic resulting in the subsequent decrease of hydraulic fracturing and offshore drilling activities, the DAS market in the Americas is expected to be among the most affected markets.
A sensor patch is a wearable patch that monitors and diagnoses physiological parameters that can be tracked and analyzed from a remote source. Sensor patches are attached to a human body for monitoring a range of vital signs and providing specific treatments when required. Sensor patches are categorized under wearable devices, which have embedded intelligence, connectivity, and extensive usability. The demand for sensor patches has increased in various applications, such as healthcare, sports and fitness, and others. The report mainly focuses on the sensor patches that are increasingly adopting wireless technology for monitoring and diagnosis purpose.
The global Process Analyzer Market is expected to grow from USD 7.8 billion in 2023 to USD 9.3 billion by 2028, registering a CAGR of 3.6% according to a new report by MarketsandMarkets™. The growth of the process analyzer market is propelled by rising demand for water and wastewater treatment, increasing use of process analyzers in drug safety, and fiscal policy measures by regional financial institutions to boost the process analyzer market.
The global Process Analyzer market is expected to grow from USD 7.8 billion in 2023 to USD 9.3 billion by 2028, registering a CAGR of 3.6%. The demand for exceptionally precise process analyzers is escalating within the expanding domains of drug development, bioprocessing, and personalized medicine. These analytical instruments are indispensable in research, development, and pharmaceutical manufacturing, guaranteeing the highest levels of quality.
APAC is expected to grow at the highest CAGR during the forecast period. The growth of the thermal scanners market in APAC is attributed to the presence of regional vendors in China and India, offering low-cost solutions, which in turn causes a decline in prices of thermal scanning products.
Additionally, the increase in mass production of the thermal scanners in China supports the growth of the market along with the presence of several OEMs. The rising demand for thermal scanners due to the outbreak of coronavirus in various regions in the APAC region mainly in China, Japan, and South-East Asian countries, would further fuel the growth of the market.
The global battery market size 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% during the forecast period. The major factors driving the growth of the market include the multifold rise of IoT and the increase in the adoption of IoT devices, growing R&D activities by major companies, the growth of wireless communication, which is power-intensive, and the high demand for thin and flexible batteries in IoT devices.
Duracell Inc (Duracell) (US), Energizer Holdings Inc (Energizer) (US), Panasonic Corporation (Panasonic) (Japan), LG Chem Ltd (LG Chem) (South Korea), Samsung SDI Co (Samsung SDI) (South Korea), STmicroelectronics N.V (STmicroelectronics) (Switzerland), Cymbet Corporation Inc (Cymbet) (US), Ultralife Corporation (Ultralife) (US), Ilika Plc (Ilika) (UK), and Imprint Energy Inc (Imprint Energy) (US) are the prominent players in the global battery market for IoT.
APAC failure analysis market for FIB is expected to grow at the highest CAGR during the forecast period
FIB market in APAC is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the technological advancements in electron microscopy and the increased adoption of automation and robotics in the electronics & semiconductor vertical. Major APAC countries such as China, Japan, India, and South Korea are contributing significantly to the growth of the FIB market in APAC. Moreover, the rapid developments in the electronics & semiconductor industry are fueling the market’s growth in the region as it is a major user of FIB systems and solutions. Nano fabrication, failure analysis, and circuit edit are key applications of FIB systems and solutions used in the electronics & semiconductor industry. Apart from this, FIB systems and solutions are also adopted in the bioscience and material science verticals for TEM sample preparation, material analysis, and milling.China is projected to witness the highest CAGR in the failure analysis market from 2020 to 2025
Thermal printing is a process in which heat is used to produce an image or print on the paper. This technology does not make use of ink or toner, unlike many other printing forms, but mostly depends on thermal papers for producing images. The thermal printing market is expected to grow from USD 43.2 billion in 2020 to USD 53.5 billion by 2025; it is expected to grow at a CAGR of 4.4% during the forecast period. Retail, transportation & logistics, manufacturing & industrial, and healthcare & hospitality are the key applications, which dominate the thermal printing market and also contribute significantly to its growth.
The embedded system market is projected to grow from USD 86.5 billion in 2020 to USD 116.2 billion by 2025; it is expected to grow at a CAGR of 6.1% from 2020 to 2025. Key factors fueling the growth of this market include an increase in the number of research and development activities related to embedded systems, rise in demand for advanced driver-assistance systems (ADAS) and electromobility solutions for electric vehicles and hybrid vehicles, increase in demand for portable devices such as wearables, and rise in the use of multicore processors in military applications.
The thermography application held the largest share of the thermal scanners industry in 2019. The growth is attributed to the rising use of thermal scanners at airports due to the outbreak of coronavirus and the increasing government expenditure in the military sector. According to the Stockholm International Peace Research Institute (SIPRI), in 2018, the global military expenditure was USD 1,822 billion, which increased by 2.6% compared to 2017.
Increasing demand for situational awareness solutions in aviation and military, use of mobility solutions transforming military tactical operations, and growing importance of situational awareness in cybersecurity to provide significant situational awareness are the major factors driving the growth of the situational awareness system market.
Plant asset management (PAM) includes asset identification, monitoring, refurbishing, and replacement. The plant asset management plan includes the utilization of different measurement technologies to protect and predict the health of plant assets. It provides valuable information about the condition of assets over the entire life cycle. This information is used for optimizing plant operations and maintenance, increasing production capacity, and implementing predictive maintenance and operational strategies. Further, surging adoption of lean manufacturing practices by several organizations, increasing focus on providing cloud-based PAM solutions to satisfy customer demands, escalating demand for asset management software that can identify potential failures to avoid futuristic loss, and growing need for real-time data analytics are the major factors driving the market growth. The plant asset management (PAM) market size is estimated to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3%. Emerson Electric Co. (U.S.), Rockwell (US), and ABB Ltd. (Switzerland) are the leading players in the PAM market.
The Cloud Gaming Market is estimated to be valued at USD 306 million in 2019 and is projected to reach USD 3,107 million by 2024, at a CAGR of 59.0%.
The major driving factors are the commercialization of 5G, the rise in a number of gamers, and the upsurge of immersive and competitive gaming on mobile. An increase in the number of internet users is also expected to drive cloud gaming growth during the forecast period.
The global electromagnetic compatibility (EMC) testing market is estimated to grow from USD 2.1 billion in 2019 to USD 2.8 billion by 2024; it is expected to grow at a CAGR of 5.4% from 2019 to 2024 The purpose of these testing products and services is to improve the productivity of manufacturers, ensure the adherence of products to the global standards meant for electronic devices and components, and enhance the quality of the products. EMC testing services and products also assure end users and consumers that the manufacturers have followed the national and international regulations and industry standards to maintain the quality of their products, safeguard public health, and ensure their safety.
The demand for smart clothes for ultra-smart textile is expected to grow at the highest CAGR from 2019 to 2024. Ultra-smart textiles are the third-generation smart textiles that can sense, respond, and adapt themselves to environmental conditions or stimuli. The production of ultra-smart textiles is now a reality after the successful integration of traditional fabrics and technology with other branches of science like material science, structural mechanics, advanced processing technology, sensor and actuator technology, communication, and artificial intelligence.
APAC region computational photography industry growing at the highest CAGR during the forecast period
APAC computational photography market is expected to grow at the highest CAGR during the forecast period. This high growth is attributed to the increasing number of Chinese vendors such as Huawei (China), Xiaomi (China), and others. These companies are coming up with advanced AI-based cameras for advanced imaging purposes with powerful chipsets and processors.
Major factors driving the solid-state cooling market growing awareness of green energy and increasing focus on curbing greenhouse gas emissions, simultaneous heating and cooling properties of solid-state cooling systems, and rising demand for precise temperature control and below ambient cooling.