Neuromorphic Chip Market Size, Share, Demand and Growth Drivers Forecast to 2023

The neuromorphic chip market is witnessing huge growth due to rising demand for artificial intelligence across the globe. Emerging data and connectivity requirements are the major factors behind the adoption of artificial intelligence in healthcare sector. The development of robotics, artificial intelligence, nanotechnology, gene editing and 3D printing is expected to support healthcare industry with rapid advancements.

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These factors are likely to spur the growth of the global neuromorphic chip market. With the emergence of smart technologies, smart sensors are being used in many industries including consumer electronics, automotive and healthcare. However, because of miniaturization of devices, the complexity of hardware designing is increasing day by day, which is a factor restraining the growth of the global neuromorphic chip market.

 

Based on application, the market for neuromorphic chips can be classified into image recognition, signal processing and data mining. These chips are basically developed for pattern recognition and data mining and for catering to the soaring requirements of pattern recognition and analysis of sensory data.

The North American market for neuromorphic chips is expected to register the fastest growth compared to other regions over the forecast period, as companies like Qualcomm, IBM and Intel located in the U.S. are the major manufacturers of neuromorphic chips The provincial market is also likely to be driven by the inspiring measure of technological improvements in terms of product modernizations

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Some of the major players in the global neuromorphic chip market include Intel Corp., Qualcomm Inc., International Business Machine Corporation, General Vision Inc, Brain Corporation, HRL Laboratories LLC, Vicarious FPC Inc., Lockheed Martin Corporation, Hewlett Packard Corp. and Samsung Electronics Co. Ltd. among others.

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IoT Sensor Market Size, Share and Drivers With Future Trends by 2023

Miniaturization of devices and development of smarter and low-priced sensors are the major factors propelling the growth of the global IoT sensor market. Moreover, the escalating market for wearable devices and personalized technology are the major factors backing the growth of the IoT sensor market around the globe.

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North America contributed the largest revenue to the global IoT sensor market; however, Asia-Pacific is expected to register the highest growth in the global IoT sensor market, during the forecast period. Some of the factors such as accelerated research and development in the field of IoT sensors, in terms of advanced and better technologies, and raising interest for upgraded lifestyle in the region are spurring the growth of the regional IoT sensor market.

Technological innovation in the automotive sector has been helping Asia-Pacific to grow at the fastest rate. China was the largest contributor to the Asia-Pacific IoT sensor market through electric motors used in automotive applications in terms of unit shipment and revenue.

The integration of IoT technologies in healthcare industry has significantly influenced healthcare solutions and has even enhanced readiness of operations in the region. It also helps healthcare industry to fight with several contagious diseases in the region. These factors are acting as drivers for the growth of the Asia-Pacific IoT sensor market.

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Some of the chip designers in the IoT sensor market include Maxim Integrated, ARM Holdings Plc., STMicroelectronics N.V., and Greenvity Communications. On the other hand, Infineon Technologies, Robert Bosch GmbH, and Honeywell International Inc are some of the component manufacturers. Technology providers in this market include InvenSense, Inc., TE Connectivity, Inc. and Sensirion AG. Also, some of the key system integrators include Robert Bosch GmbH, NXP Semiconductors N.V. and TE Connectivity, Inc. 

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IoT Sensor Market Size, Share and Drivers With Future Trends by 2023

Miniaturization of devices and development of smarter and low-priced sensors are the major factors propelling the growth of the global IoT sensor market. Moreover, the escalating market for wearable devices and personalized technology are the major factors backing the growth of the IoT sensor market around the globe.

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Image result for IoT Sensor

North America contributed the largest revenue to the global IoT sensor market; however, Asia-Pacific is expected to register the highest growth in the global IoT sensor market, during the forecast period. Some of the factors such as accelerated research and development in the field of IoT sensors, in terms of advanced and better technologies, and raising interest for upgraded lifestyle in the region are spurring the growth of the regional IoT sensor market.

Technological innovation in the automotive sector has been helping Asia-Pacific to grow at the fastest rate. China was the largest contributor to the Asia-Pacific IoT sensor market through electric motors used in automotive applications in terms of unit shipment and revenue.

The integration of IoT technologies in healthcare industry has significantly influenced healthcare solutions and has even enhanced readiness of operations in the region. It also helps healthcare industry to fight with several contagious diseases in the region. These factors are acting as drivers for the growth of the Asia-Pacific IoT sensor market.

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Some of the chip designers in the IoT sensor market include Maxim Integrated, ARM Holdings Plc., STMicroelectronics N.V., and Greenvity Communications. On the other hand, Infineon Technologies, Robert Bosch GmbH, and Honeywell International Inc are some of the component manufacturers. Technology providers in this market include InvenSense, Inc., TE Connectivity, Inc. and Sensirion AG. Also, some of the key system integrators include Robert Bosch GmbH, NXP Semiconductors N.V. and TE Connectivity, Inc. 

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Electric Motor Market Revenue, Trends and Growth Drivers by 2023

Electric motor market stood at $108.5 billion in 2017, and is anticipated to reach $155.1 billion by 2023 and is expected to record a compound annual growth rate (CAGR) of 6.2%, during the forecast period. Electric motors are widely used in various applications such as industrial machines, household appliances, HVAC applications, and motor vehicles. Rising industrial activities as well as growing demand for electric vehicles across the globe are among the major factors pushing the growth of electric motors during the forecast period.

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Based on output power, the electric motor market is categorized into fractional horsepower and integral horsepower. Integral horsepower motor is expected to witness higher growth rate during the forecast period owing to increasing use of integral horsepower motors for industrial and commercial purposes.

On the basis of application, the electric motor market is categorized into motor vehicles, industrial machinery, HVAC equipment, transportation, and household. Motor vehicles category was the application area for electric motors and this category further expected to register highest CAGR during the forecast period. The growth would be owing to the exponential surge in demand for electric vehicles.

APAC was the largest market for electric motors, contributing over 55% revenue share to the electric motor market. This can be attributed to growing demand for electric vehicles predominately in China, due to government initiatives and environmental regulations in the country.

The demand for electric vehicles recorded explosive growth in the recent years, with electric motors being one of the major components in these vehicles. The global sales of electric cars reached 1 million units. Globally, China is the world’s largest electric car market with nearly 580,000 electric cars sold. Rising adoption of electric vehicles is surging electric motor market growth.

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Some of the key players operating in the emergency lighting market are Osram Licht AG, Hubbell Incorporated, Eaton Corporation plc, Signify Holding, Syska LED Lights Pvt Ltd., Zumtobel Group AG, Acuity Brand Inc., Schneider Electric SE, Legrand S.A. and Daisalux S.A.U.

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Microcontroller Market Size, Share, Trends and Demand by 2023

The global microcontroller market is expected to grow at a CAGR of 6.9% by 2022. Among the various bit sizes, the 32-bit segment held the largest share in the global microcontroller market.

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 The rapidly developing automobile industry and surge in the smart grid projects is expected to be one of the primary factors driving the demand for microcontrollers during the forecast period.  Majority of the programmable microcontrollers that are used presently are embedded in other consumer products or machinery including mobile phones, automobiles, household appliances and peripherals for computer systems.

Owing to this, a microcontroller is sometimes also coined as embedded controller.Microcontrollers have myriad of applications, on account of its premium features. However, there are different types of microcontrollers to meet the requirements of a specific application. Since cost is an  important factor while manufacturing, it is only coherent to pick the most economical device that goes with the application’s needs. Consequently, microcontrollers are usually tailored for specific applications.

The ongoing technological advancements including vehicle connectivity, interactive safety systems and finally self-driving cars will change the global scenario in the near future. The automobiles though mechanical to its soul, will go digital world over the forecast period, thus leveraging the characteristics of microcontroller.  This will drive the demand for microcontrollers during the forecast period.The growing awareness among tech savy consumers is leading to smartphone proliferation across the globe. The sales of smartphone are driven by the demand for low cost smartphones in the developing economies and inexpensive 4G smartphones in emerging markets worldwide. The global smartphone market is increasing at a significant rate, with numbers varying from market-to-market basis.

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This will propel the demand for microcontrollers in the coming years.Explore report at: https://www.psmarketresearch.com/market-analysis/microcontroller-marketSome of the key companies operating in the global microcontroller market include Texas Instruments Incorporated, Microchip Technology Inc., Silicon Laboratories, Intel Corporation, Renesas Electronics Corporation, Maxim Integrated, Fairchild Semiconductor, STMicroelectronics, Analog Devices Inc. and Samsung Semiconductor.

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Membrane Air Dryers Market Trends, Growing Demand and Opportunities by 2023

The miniaturization of electronics products, in addition to high penetration of “more than moore” integrated circuit manufacturing technology are two of the major growth drivers for the global thin film material market. The increasing demand of thin film material from emerging MEMS application, increasing demand of power efficiency, supportable government policies, in addition with advancement in IC packaging technology has lifted up the growth of the thin film material market during the recent years.

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Thin Film Material Market Revenue, Trends and Growth Opportunities by 2023The factors, such as low conversion efficiency and large research and development (R&D) expenditure are hindering the growth of the market up to some extent. The shortage of raw materials, along with the scarcity of bulk raw material suppliers is increasing the gap between the demand and supply, and thus hindering the growth of the global market.

The functional advantages of thin film materials, such as flexibility and compatibility are expected to propel the growth of the global thin film material market during the forecast period. The increasing investment in research and development activity, application of thin film materials in the renewable energy generation, and distribution is creating new opportunities for the growth of the thin film materials market.

Asia-Pacific accounted for the largest and fastest growing market of thin film materials, owing to the high concentration of the IC foundries and growth of solar power projects in the region. The North American market is growing with a significant pace, owing to high demand of thin film material from IC manufacturing industries. The European market is expected to witness below average growth during the forecast period. The thin film material market in Latin America, Middle-East, and Africa are fairly at nascent stage. Brazil is expected to be major market of thin film materials in Latin America, during the forecast period.

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Some of the competitors in the global thin film material market are Ascent Solar Technologies Inc., Cicor Technologies Ltd., Kaneka Solar Energy, Moser Baer India Ltd., Trony Solar Holding Co. Ltd. and First Solar Inc. & Company.

 

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Membrane Air Dryers Market Trends, Growing Demand and Opportunities by 2023

The global membrane air dryers market is growing, due to increasing need for dry and clean air in manufacturing, food and beverage, and medical industries; and increasing several application areas of membrane air dryers. Additionally, the increased adoption by consumers, due to increasing need for improving operational efficiency of a system, in order to decrease the maintenance cost, is also driving the growth of the market.

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Two of the major advantages offered by membrane air dryers are eliminating impurities, which may negatively influence the air compressor, thus lowering the dew point of air. The membranes support the air dryers to operate more effectively and extend the life span of the system by reducing the erosion produced by air with extreme moisture content. Among all the products, the porous dryers segment led the market.

 

On the basis of application, the food and beverage segment is expected to grow with the highest rate during the forecast period. A fundamental assumption is considered, while operating the food processing facilities, as per which, the compressed air can be a source of chemical and microbiological contamination.

North America leads the market and is expected to maintain its dominance during the forecast period. This is due to increasing demand from food and beverage, medical, and telecommunication sector in the region. Moreover, the regulations and standards governing the food processing sector are also expected to support the growth of the North American market in the coming years.

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Some of the competitors in the global membrane air dryers market are Gardner Denver Inc., Parker-Hannifin Corporation, SMC Corporation, Walmec S.p.A., Donaldson Company Inc., Industrial Air Power LLC, Puregas LLC, and Wilkerson Corporation.

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