Proximity Sensors Market: Advancement in Capacitive Proximity Sensing Technique to Bolster the Overall Growth

​Transparency Market Research (TMR) in one of its latest reports observes that the vendor landscape in the global proximity sensors market is a highly fragmented one. In the light of intense competition in the market, the multitude of international and regional players are focused on providing cost competitive products that will help them gain competitive advantage. Strategic partnerships, acquisitions, and expansion of business through new service additions are some other key growth strategies adopted by companies in this market.

Pepperl + Fuchs GmbH, Sick AG, Omron Corporation, IFM Electronic GmbH, Panasonic Corporation, Schneider Electric SE, Rockwell Automation Inc., Semtech Corporation, Vishay Semiconductors, ST Microelectronics NV, Qualcomm Technologies, Futek Advanced Sensor Technology Inc., NXP Semiconductor, Sensata Technologies, and Infineon Technologies AG are to name key players in the global proximity sensors market.

A report by Transparency Market Research (TMR) estimates the global proximity sensors market to expand at a CAGR of 5.1% for the forecast period between 2017 and 2025, for the market to become worth US$3,754.8 mn by the end of 2025. Out of the various segments based on technology, capacitive sensors currently holds the leading share and is anticipated to retain its leading share during the forecast period. In terms of region, Asia Pacific held lead in the overall market in 2016; going forward, the region is anticipated to display leading growth rate over the forecast period.

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Deployment in Vehicles to Enhance Safety Benefits Market

One of the key growth drivers of the global proximity sensors market is the wide use of sensors in industrial applications, consumer electronics, and others. Apart from this, some specific applications that use sensors are liquid level sensing, smartphone screens, vehicle detection, etc. Proximity sensors are discrete sensors that can sense and detect when an object is in the vicinity of the sensor face. Proximity sensors do not require physical contact to detect an object, unlike traditional sensors. Proximity sensors detects movement or presence of an object in the vicinity to convert into an electrical signal. Proximity sensors have the capability to detect metallic objects, non-metallic objects, and fluids among other objects.

Increasing demand for accurate detection of hindrances for vehicles has led to an upsurge in the adoption of proximity sensors globally. Manufacturers in the automotive industry are increasingly incorporating proximity sensors in the doors of vehicles to enable quick access in vehicles. The aviation sector is also likely to rev up adoption of proximity sensors owing to electromagnetic and ultrasound features.

Extensive Use in Consumer Electronics a Boon for Market

The incessant growth of consumer electronics industry has led to the increasing popularity of proximity sensing technology. Manufacturers are introducing new products to the market every year to serve the growing demand. Among an array of consumer electronics, proximity sensing technology finds extensive application in smartphones. Currently, smartphones use IR-based proximity sensor technology to detect the presence of a human ear in order to reduce display power use by switching off the LCD backlight. It also helps disable touch screen to avoid unintentional touches by the cheek.

However, recent advancements in capacitive proximity sensing technology that addresses some drawbacks of IR sensing technology could find use in smartphones. This is expected to create growth opportunities for the proximity sensors market during the forecast period.



SCADA Market Services Emerge as Lucrative Component Segment

​Transparency Market Research (TMR) observes the global SCADA market for water and wastewater management to be fairly consolidated with a few well-entrenched players that hold the leading market share. Expansion of product portfolio and expanding outreach to serve a large customer base is what key players in this market are vying for competitive gains.

ABB Ltd., Yokogawa Electric Corporation, Schneider Electric, Rockwell Automation Inc., Emerson Electric Co., Eaton Corporation, Tesco Controls Inc., Honeywell International Inc., SCADAware, and Parasyn are to name the key companies that operate in the global SCADA market for water and wastewater management.

“Investments for the development of water and wastewater infrastructure is in general on the rise, observes a TMR analyst. Driven by this and a few other factors, the global SCADA market for water and wastewater management is predicted to reach US$2,172.1 mn by the end of 2025 from US$1,267.4 mn in 2015 at a moderate CAGR of 5.6% therein. Among the key component segments, services held more than 55% market share in the SCADA market for water and wastewater management in 2016. The industrial segment is likely to dominate among the key end-users expanding at a CAGR of 6% between 2015 and 2025. Geography-wise, in 2016, North America led with more than 33% of the global SCADA market for water and wastewater management in 2016.

SCADA System Enables Efficient Wastewater Management, which is Fueling its Demand

Among the key growth drivers of the global SCADA market for water and wastewater management, the increasing investment in water and wastewater infrastructure is a prominent one. Apart from this, increasing complexities in maintenance and management of water and wastewater facilities are also exhibiting the demand for SCADA for wastewater management. At present, SCADA systems are extensively used in water and wastewater management sectors due to its capability to obtain data from remote devices such as valves and pumps and offer remote control from a host software platform.

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The increasing efficiency in wastewater management using SCADA system is also anticipated to fuel the growth of SCADA market for water and wastewater management. This, along with initiatives undertaken by several governments and a comprehensive regulatory framework for monitoring and controlling water and wastewater services is promoting the use of SCADA. For example, workers at the Mid Halton Waste Water Treatment Plant in Canada have employed SCADA system to significantly increase flexibility, improve efficiency, and reduce expenses at the facility.

In developing economies, the adoption of SCADA system is on the rise in order to provide more effective and efficient maintenance and management of water and wastewater.

Further, the growing practices of adoption of new and advanced technologies in the industrial sector are also acting in favor of the SCADA market for water and wastewater management. This is because SCADA system allows access to the plant from anywhere in the world in real-time. This allows the management and decision makers to make data driven decisions for improving plant processes. For instance, the chemical industry is adopting SCADA system so as to efficiently control certain processes or components of the chemical plant.

High Cost of Equipment Limits Growth

On the flip side, however, design complexities and lack of awareness is a key factor posing a hindrance to the market’s growth. Further, the high installation cost of equipment used for water treatment is also restraining the market’s growth. Nevertheless, rapid adoption of advanced electronics and communication technologies in emerging economies is likely to open growth avenues for the global SCADA market for water and wastewater treatment.


Body Sensor Market: Product Innovation To Determine Future Competitive Landscape

​As per the findings of a new intelligence study by Transparency Market Research (TMR), the prospects of global body sensor market remain positive, with demand projected to increase at an impressive CAGR during 2017 to 2022. Body sensors are wearables that can constantly track or measure physiological attributes in humans and relay the information on smartphones and other electronic devices. With the ubiquity of smartphones, the growth in the global body sensor market is augmenting quickly, especially in the developed regions as well as among the urban populations in emerging economies.

Some of the key factors driving the demand in the global body sensor market are: rapidly increasing percentage of geriatrics in the world’s population who need real-time caring and monitoring, growing fitness awareness among the high-income customers, proven usefulness of body sensors in professional sports leagues, growing use of body sensors in clinical trials, added comfort with fabric-based sensors, and the development of smart textiles as mobile user interface. On the other hand, lack of proper supply chain and distribution channel, adequate procedures for data security, and limitations pertaining to body sensor wearability are some of the obstructions faced by the global body sensor market.

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Based on sensor type, the global body sensor market is segmented into EEG, visual sensor, respiration sensor, ECG, blood pressure sensor, temperature sensor, and EMG sensor. Application-wise, the market for body sensor has been segmented into healthcare, defense, man-machine interface and sports body sensor, whereas on the basis of placement type, the market is categorized into wearable and implantable. Geographically, the report takes stock of the potential of body sensor market in the regions of North America, Latin America, Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa, and Japan.

The key highlights from Transparency Market Research’s report on the global body sensor market include,

·North America is the most profitable region, with demand for body sensor expected to grow at an impressive CAGR of 16.7% during the forecast period of 2017 to 2022. On back of strong demand from the U.S., body sensor market in North America is estimated to be worth US$100.9 mn by 2022.

·Europe is foreseen as the second most lucrative region, exhibiting a CAGR of 16.7% during the said forecast period, and generating absolute dollar opportunities worth US$45.7 mn from 2017 to 2022. Japan and China are among the profitable country-wide markets in Asia Pacific.

·Temperature sensor is the leading sensor type segment, representing 18.5% of the overall revenue share in 2017. By 2022, the demand for temperature sensors will grow at a CAGR of 21.9%, to reach a valuation of US$62.0 mn by 2022.

Some of the prominent companies currently operating in the global body sensor market are Apple Inc., Koninklijke Philips N.V., Abbott Laboratories, Texas Instruments Incorporated, NXP Semiconductors NV, STMicroelectronics NV, Analog Devices, Inc., Garmin Ltd., Broadcom Ltd., and Fitbit, Inc.


Rising Demand for Location based Services to Enable Smooth Growth of Mobile Mapping Market

​The global mobile mapping market is likely to be driven at a solid 13.7% CAGR over the 2017-2022 forecast period on the back of rising use of mobile mapping in smartphones and the subsequent incorporation of mobile mapping technology in the operating dynamics of a wide range of end user industries. The global mobile mapping market has benefited from the strong preference from smartphone consumers for technological advancements enabling more refined and diverse use of smartphones and the consequent rise in adoption of mobile mapping by app developers in several sectors. The widespread use of mobile mapping in developed regions is likely to remain a key driver for the global mobile mapping market in the coming years.

According to Transparency Market Research, the global mobile mapping market is likely to be valued at US$12.9 bn by the end of 2017. Exhibiting a strong 13.7% CAGR, the mobile mapping market is expected to rise to US$24.4 bn by the end of 2022.

Here are the key insights into the growth prospects of the global mobile mapping market:

Rising sophistication of mobile mapping technology has enabled widespread adoption of the mobile mapping market and is likely to be the crucial driver for the global mobile mapping market over the 2017-2022 forecast period. Steady flow of investment for research and product development efforts in the mobile mapping sector has been a vital driver for the global mobile mapping market. Growing interest of tech companies and smartphone giants in mobile mapping applications is thus likely to be a major driver for the global mobile mapping market over the coming years.

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The strong presence of several tech giants is likely to enable steady dominance of North America in the global mobile mapping market over the 2017-2022 forecast period. The North America mobile mapping market has also benefited from the widespread adoption of advanced mobile mapping services, which has led to rising demand for a variety of mobile mapping applications. Developments in the healthcare sector and telecommunication sector based on offering the consumer the nearest point of service based on their location have enabled steady growth of the mobile mapping market in North America. The North America market for mobile mapping is likely to be valued at US$3.6 bn by the end of 2017 and further rise to US$7.9 bn by 2022.

Europe is also likely to remain a dominant contributor to the global mobile mapping market, with the regional market expected to be valued at US$6.2 bn by the end of the 2017-2022 forecast period, accounting for more than a quarter of the global mobile mapping market.

Growth of the transportation and logistics sector is also likely to be a vital driver for the global mobile mapping market over the 2017-2022 forecast period. Mobile mapping offers significant benefits in the transportation and logistics sector, where it can be used to track products in live time, minimizing the chances of the product being mislaid. The automotive industry’s steady push toward technologically refined cars is also likely to help the global mobile mapping market, as rising incorporation of smartphone connectivity in automotive design has enabled growing demand from the mobile mapping market.

Global Mobile Mapping Market: Competitive Dynamics

The report profiles leading companies in the global mobile mapping market to shed light on the dynamics of the market. Key companies in the global mobile mapping market include Google Inc., Apple Inc., Microsoft Corporation, Tomtom NV, Mitsubishi Electric Corporation, Garmin International, Telefonaktiebolaget LM Ericsson, OSI Geospatial Inc., Qualcomm Inc., and Leica Geosystems Inc.

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Industrial Laser Market: Fiber Laser Product to Generate Significant Revenues

​Growing need to cut the manufacturing materials in various industries has led to a surge in demand for the industrial lasers globally. In addition, increasing demand for the industrial lasers equipped with high-end technology is further expected to impact growth of the global industrial laser market positively. Transparency Market Research states that the global industrial laser market is expected to witness a CAGR of 4.6% over the forecast period, 2017-2026.

Factors Fuelling Global Market Growth

Growth of the global industrial laser market will remain bound to various macro-economic and micro-economic factors. Surge in demand for processing manufacturing materials in various industries continues to impact growth of the global industrial laser market positively. With the growing need for heat treatment, welding, cutting, drilling and marking, demand for the industrial lasers continue to increase. A recent trend witnessed is the increasing use of the industrial lasers in various educational institutions for cutting tubes, box sections, sheets and plates. Bound to these factors, demand for the industrial lasers is expected to increase in the global market.

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Industrial lasers also continue to witness significant demand for welding manufacturing materials and heat treatment of the surfaces for the purpose of transformational hardening in the automotive and electronic industry. Growing need for manufacturing tools that enable precise cutting of the aluminum and steel sheets has led to an upsurge in adoption of the laser cutting technology. As the laser cutting technology offers comparatively low contamination of the work pieces. Attributed to comparatively low contamination levels, the laser cutting technology offers various benefits over the traditional methods of cutting. These factors continue to impact growth of the global industrial laser market positively over the forecast period.

Equipped with the advanced technological features such as GPS technology and sensors, sales of the industrial lasers will continue to increase in various industries. Industrial lasers further enable the end users to collect data in the mining, construction, telecommunications, forestry and natural resource management.

However, various factors continue to inhibit growth of the global industrial laser market over the forecast period. Industrial lasers are highly priced and consume a lot of electricity during the manufacturing process, which adds to the cost of production. Moreover, difficulties in cutting the reflective metals such as aluminum, brass and copper is further expected to inhibit growth of the global industrial laser market.

Sales to Remain High through Fiber Laser Product

The global market is segmented on the basis of product type, end-use verticals, application and power type. On the basis of product type, the global market is segmented as CO2 lasers, fiber lasers, solid state lasers and others. Based on end-use verticals, the global market is segmented as medical defence, aeronautics & marine, construction, automotive, electronics, food & textile, utility and other verticals. By application, the global market is segmented as marking, micromaterials and macromaterials. On the basis of power, the global market is segmented as High (more than 1KW), Medium (100W to 1KW) and Low (1W to 100W). The fiber laser product type segment is expected to represent the most lucrative segment, accounting for over US$ 900 Mn. However, the others product type segment is expected to witness relatively fast growth in the global market through 2026.

Market Players

Leading market players operating in the global industrial laser market include IPG Photonics, TRUMPF, Coherent, Hypertharm Inc., Clark MXR, Calmar Laser Inc., Apollo Instruments, Amonics Ltd., Han’s Laser Technology and 3 SP Technologies S A S.

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Marine Cables and Connectors Market: Growth Opportunities Rise as Telecommunication Infrastructure

​With the leading ten companies collectively accounting only for about 50% of overall share, the vendor landscape of the global marine cables and connectors market hints at a high level of fragmentation and intense competition, observes Transparency Market Research in a recent report. Owing to the large number of companies in the market, competition is likely to remain intense in the next few years as well.

Vendors operating in the global marine cables and connectors market can expect a massive rise in innovative products and technological advancements as more and more companies look at revising their growth strategies to remain competitive in the market. Attempts at consolidating their positions in the market through strategic mergers and acquisitions and expansion across emerging regional markets could also remain key growth strategies adopted by leading players. Some of the most prominent vendors in the market are Fujitsu Limited, Eaton Corporation Plc., TE Connectivity, Inc., Teledyne Marine, Scorpion Oceanics, SAMCO Inc., Molex, Huawei Marine, and General Cable Company.

It is estimated that the global marine cables and connectors market will register a healthy 5.3% CAGR over the period between 2017 and 2025, rising from an opportunity of US$8869.8 mn in 2015 to US$14,081.3 mn by 2025.

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Asia Pacific to Present Promising Growth Opportunities

Of the two key types of products that the global marine cables and connectors market vends – cables and connectors, the segment of cables held the dominant share in the overall market in 2016. The segment is likely to remain the leading revenue contributor to the overall market over the forecast period as well, exhibiting a 5.7% CAGR. The segment of connectors is likely to remain stagnant.

Geographically, the market in Europe presently dominates, accounting for over 30% of the overall revenue generated by the global market in 2016. This is chiefly attributable to the rising demand for reliable and energy efficient fiber-optic cables with good performance as the telecom sector pushes boundaries and looks forward to provide high-speed connections to users. Over the report’s forecast period, the market in Asia Pacific could provide promising growth opportunities, with China remaining a key contributor to the overall growth of the market.

Rising Investments from Defense and Military Sectors to Aid Growth

A number of factors are likely to aid the overall expansion of the global marine cables and connectors market, including the massive wave of investments in the field of marine connectivity from telecom companies and governments with the view of improving and expanding inter- and intra-country telecom networks. The rising global demand for higher and more reliable bandwidth for effective and faster transmission of data and vast investments from the defense and military sectors are also expected to drive the market in the near future. The vast rise in data centers across the globe is also expected to favor the overall uptake of a variety of marine cables and connectors.

Moreover, the rising penetration of innovative technologies such as Internet of Things and cloud across a number of industries and vast growth opportunities owing to the increased focus on improving telecommunications infrastructure across several emerging economies could also prove to be beneficial for the global market.

Consumer Electronic Sensors Market: Advances In Sensor Technology Has Opened Up Numerous Opportunities

​A sensor is a device that detects, measures, and monitors physical equipment in order to provide the required information to the end-user. A sensor exists for almost all Consumer Electronic Sensors Market. Currently, sensors have become more powerful, affordable, and efficient in use due to advancements in manufacturing technology, which has lowered their overall cost. These developments have promoted their use in portable devices, gaming, home appliances and navigation. Advancements in sensors are creating new and interactive applications for them in the fields of home automation, robotics, and digital health. Application have been developed that use smartphone sensors to provide various kinds of information to the user that might be related to their health, navigation, or other information. Gaming consoles, PCs, tablets, mobile phones, and notebooks use different kinds of sensors for user interaction and for energy competence. The sensors market has witnessed strong penetration in consumer electronics, largely due to advancements in the technology used to design various types of sensors. These technologies include advanced raw materials used for designing sensors, such as silicon carbide (SiC), carbon nanotube (CNT), and indium antimonide.

The market is segmented on the basis of product type, including the image sensor, temperature sensor, pressure sensor, touch sensor, and motion sensor segments. An image or imaging sensor is used to identify images to convey information. It is widely used in digital cameras and a large number of imaging devices used in consumer applications. Due to increased demand for cameras, camcorders, mobile phones, and security cameras, the demand for image sensors is expected to gain traction in the coming years. A temperature sensor acts as a transducer and provides temperature measurements through electrical signals. Temperature sensors are used to maintain the temperature of food and medicines and are widely used in refrigeration. Pressure sensors are equipped with pressure-sensitive elements that are used to measure the pressure of gases or liquids. They are widely used in wearable health and sports devices to accurately measure speed and calorie consumption. A touch sensor measures, captures, and records the physical touch on a device or object. Touch sensors are extensively used in gaming controllers, home entertainment, home appliances, cellular handsets, and portable media devices. A motion sensor uses multiple technologies to detect movement in a particular arena. Also known as motion detector, it is a vital component in installed in home security systems. It is connected to a burglar alarm used to give security alerts to home owners.

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The market is driven by the need for the efficient performance of various consumer electronic devices and high requirement for ease of operation among end-use verticals. The growing adoption of smartphones and tablets around the world is another vital reason for the strong growth of the market. Growing consumer preference for wearable devices is also expected to drive the demand for sensors. Nowadays, wearable devices are in every end-user environment from health devices to gesture detection. The availability of low-cost alternatives and low product differentiation might restrict the growth of the market. Sensors have immense opportunity in digital health and wellness devices largely due to the growing adoption of these devices among consumers out of the growth of health concerns. Opportunity also lies in the automotive sector, particularly in power steering, safety, security, and automated driving.

Key players in the market include Honeywell International Inc., Microchip Technology Inc., MEMSIC Inc., InvenSense Inc., Sensata Technologies Inc., Panasonic Corp., Asahi Kasei Microdevices Corp, Freescale Semiconductor Inc., and Hitachi Automotive Systems.

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

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