Posts

Showing posts from July, 2021

Photonics Technology Improving Manufacturing Process Across Industries

Image
Photonics devices are being increasingly used in the manufacturing facilities in the communication domain and production process, owing to the ongoing industry 4.0 revolution. This revolution aims to create smart and efficient factories which use automation solutions, internet of things (IoT)-enabled devices, and smart sensors for an efficient manufacturing process.  Innovations in smart factories primarily depend on developments in optical fibers, laser technology, and sensor technology. Such highly digitized production units use lasers for drilling, cutting, and engraving purposes and utilize optical fibers to allow reliable data communication at high speed within the factory. Additionally, the mounting cost of integrating devices in production units will drive the photonics market at a CAGR of 6.9% during the forecast period (2020–2030).  The market generated a revenue of $576.8 billion in 2019 and it is expected to generate $1,214.5 billion revenue by 2030. Photonics tech...

Increasing Use of flexible LED Technology Driving Interactive Display Panel Demand

Image
Interactive displays are being increasingly adopted in schools, retail outlets, museums, hotels, conference centers, and sports arenas, as they improve the turnaround time and reduce resource consumption. Moreover, the surging adoption of interactive displays can also be credited to the mounting need to offer enhanced customer experience, due to their ability to showcase information about the products offered by several end-use industries. The aforementioned application areas use interactive displays with panel sizes of 17–32 inches, 33–65 inches, or >65 inches. Furthermore, the rising use of flexible light-emitting diode (LED) technology, owing to the high-resolution picture offered by the technology, will also support the interactive display market to accelerate at a CAGR of 10.4% during the forecast period (2019–2024). According to P&S Intelligence, the market revenue stood at $9.2 billion in 2018 and it is expected to exceed $16.4 billion by 2024. Interactive flexible LED d...

Why are Sales of EV Charging Cables Booming in Asia-Pacific?

Image
With the growing deployment of electric vehicles, many technological advancements and innovations have been made in electric vehicle charging cables such as electric vehicle identification through power lines, advent of type-2 connector plugs, better charging control, high security, dynamic load management, and integration between electric vehicle charging and existing payment systems. These advancements have massively augmented the sales of charging cables, which have, in turn, propelled the growth of the market all over the world. Furthermore, many electric vehicle charging cables market players such as TE Connectivity Ltd., PHOENIX CONTACT GmbH & Co. KG., Leoni AG, and BESEN-Group are focusing on taking strategic measures like launching partnerships and mergers, in order to improve the quality of the charging cables in terms of durability and charging speed and cater to requirements of customers.  For example, AMPLY Power entered into a partnership with BYD Co. Ltd. in Nov...

How Are Government Organizations Driving Fingerprint Sensors Market Growth?

Image
In recent years, companies in the fingerprint sensors market have been launching new products to gain a wider customer base across varied industries. For instance, in June 2019, Integrated Biometric LLC introduced the Danno line of low-power light-emitting sensor (LES)-based fingerprint scanners for biometric fingerprint identification applications. Similarly, in February 2020, Fingerprint Cards AB expanded its portfolio of fingerprint authentication touch sensors by adding capacitive-touch sensors under the FPC1020 and FPC1024 series. Categories under the vertical segment of the fingerprint sensors market include government, consumer electronics, commercial offices/buildings, hospitality and healthcare, banking, financial services, and insurance (BFSI), and others. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/fingerprint-sensors-market-outlook/report-sample The consumer electronics category is further classified into smartphone, wearable device...

Surging Smartphone Sales Driving Expansion of Motion Sensor Market

Image
According to the Institute of Electrical and Electronics Engineers (IEEE), around 27 billion IoT devices were sold all over the world in 2017. Furthermore, the organization estimates that this number will increase to 125 million by 2030. The integration of IoT allows motion sensors to monitor the physical status of a device from a remote location. Moreover, these devices can enhance the functioning of several building automation applications such as lighting and heating, ventilation, and air conditioning (HVAC) systems. Depending on type, the market is categorized into combo sensor, infrared (IR), tomographic sensor, ultrasonic, gyroscope, and accelerometer. Out of these, the combo sensor category contributed the highest revenue to the market in 2019. Get Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/motion-sensor-market/report-sample This is attributed to the microfabrication of various types of motion sensors into a single device, that provides greater accu...

Why Are Automakers Deploying Ultrasonic Sensors in their Offerings?

Image
In recent years, ultrasonic sensor manufacturers such as Pepperl+Fuchs AG, Baumer Holding AG, KEYENCE CORPORATION, Siemens AG, SICK AG, Honeywell International Inc., Balluff GmbH, OMRON Corporation, ifm electronic gmbh, Rockwell Automation Inc., and Banner Engineering Corporation are focusing on partnerships, product launches, and mergers and acquisitions to meet the mushrooming need for such sensors in the automotive, healthcare, food and beverage, industrial, and agriculture sectors.  For instance, in July 2019, Pepperl+Fuchs AG introduced low temperature sensors for cold storage and mobile equipment in outdoor applications. Such sensors can operate at -25° Celsius. Currently, these companies are majorly involved in the production of ultrasonic proximity detection sensors, due to the high-volume usage of these sensors in the food and beverage industries. Additionally, the manufacturers are also offering through beam and retro-reflective range measurement sensors.  Get the S...

Impact of the Coronavirus on the Heat Stress Monitor Market Growth, Trends and Competitive Landscape

Image
 Heat stress monitors are being increasingly deployed in manufacturing facilities to track the health of workers being exposed to heated conditions. To ensure the health of workers, ministries/departments of labor of the U.S., Saudi Arabia, the U.K., India, Germany, Japan, Australia, and South Korea have set stringent guidelines regarding heat stress management at workplaces. Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/heat-stress-monitor-market-report/report-sample For instance, the Occupational Safety and Health Administration (OSHA) has set workplace safety standards and drafted workplace monitoring regulations to protect employees from being exposed to hazardous environments. Additionally, the rising application of heat stress monitors in military and sports sectors to monitor the health of sportspersons and military personnel in real-time will fuel the heat stress monitor market at a CAGR of 2.7% during 2020–2030. According to P...

Surging Automobile Sales Driving Laser Diode Market Expansion

Image
Geographically, North America dominated the laser diode market in 2019, as per the observations of the market research company, P&S Intelligence. This is credited to the increasing research and development (R&D) activities being conducted in the military and defense sector, growing usage of these diodes in the healthcare sector, and the existence of leading telecommunication companies in the region. In addition to this, the use of laser diodes in cosmetic surgeries and pigmentation reduction, hair removal, tattoo removal, and body contouring processes is also pushing up their demand in the region. Whereas, the market is predicted to register the fastest growth in the Asia-Pacific (APAC) region in the upcoming years. This is attributed to the mushrooming requirement for laser diodes and various associated laser-based technologies and the ballooning industrialization and manufacturing activities in the region. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/...

Position Sensor Sales To Shoot Up in Asia-Pacific in Coming Years

Image
Apart from the packaging and automobile industries, position sensors are also heavily used in the aerospace industry. Therefore, the increasing manufacturing of aircrafts is also propelling the growth of the position sensor market. As per the estimates of the Indian Brand Equity Foundation (IBEF), the aerospace & defense industry in India is predicted to attain a value of $70 billion by 2030, on account of the surging requirement for advanced infrastructure and supportive government policies. Due to the aforementioned factors, the revenue of the position sensor market is predicted to grow from $9.1 billion in 2018 to $14.2 billion by 2024. The market is also expected to grow at a CAGR of 7.7% from 2019 to 2024. Depending on type, the market is classified into linear and rotary. Between these, the rotary category contributed higher revenue to the market in 2018. Get Sample Copy of Report @ https://www.psmarketresearch.com/market-analysis/position-sensor-market/report-sample These s...

Why will Demand for Horticulture Lighting Explode in Europe in Future?

Image
The growing demand for higher agricultural productivity, on account of the mushrooming population, especially in countries such as the U.S., India, Brazil, and China, is pushing up the requirement for horticulture lighting solutions across the world. According to the latest estimates of the United Nations, the global population will rise from 7.7 billion in 2019 to 8.5 billion by 2030. Due to this reason, many countries are increasingly focusing on indoor and greenhouse farming techniques as these techniques allow them to increase the agricultural yield. Apart from the aforementioned factors, the rapid legalization of cannabis for medical purposes and the surging government support regarding the adoption of energy-efficient lighting solutions are also fueling the demand for horticulture lighting solutions across the globe. Get the Sample Copy of this Report @  https://www.psmarketresearch.com/market-analysis/horticulture-lighting-market/report-sample This is subsequently causing th...